US stock markets fall amid credit fears

US stock markets fall amid credit fears

Friday, August 3, 2007

The Dow Jones Industrial Average fell more than 280 points, Friday, to 13181.91, just two weeks after soaring to a historic record of 14,000. Two other major indexes, the Nasdaq and the Standard and Poor 500, fell more than 2% in a widespread market sell-off.

Shares of Bear Stearns, the largest United States underwriter of mortgage bonds, fell 6.3% today, resulting from Standard and Poor’s altering its outlook toward the company to “negative” from “stable”. The investment banking firm recently saw two of its major hedge funds sink after exposure to the sub-prime mortgage decline. Standard and Poor’s report said the firm may have problems, including its hedge funds, that could hurt the firm “for an extended period.”

The company held a press conference at noon, but was unable to salvage its stock, leading to heavy losses in the rest of the financial sector. Chief Financial Officer Sam Molinaro remarked that the credit market was in the worst condition he had seen in 22 years.

American Express shares fell 5.6%, while homebuilder Hovnanian Enterprises fell 9.4% in the sell-off which impacted all the indexes. American Home Mortgage Investment Corporation shares fell 52.07% in the session after announcing plans to close most operations and lay off over 6000 employees. The company has also lost its lending license in four states including New York.

“It is with great sadness that American Home has had to take this action,” Chief Executive Michael Strauss said in a statement. “Unfortunately, the market conditions in both the secondary mortgage market as well as the national real estate market have deteriorated to the point that we have no realistic alternative.”

Analysts say that the weakness in the stock markets and economy in general could prompt the Federal Reserve to lower interest rates, consequently allowing inflation to rise, but that it would also support stocks and ease borrowing. The Fed has not changed interest rates since June 2006.

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How To Avoid Calgary S Black Cart Blues

How To avoid Calgary s Black Cart Blues



Environmentalism and green programs can be a good thing, even when they re a bit of a pain when it comes to working within their restrictions. A good case in point is the city of Calgary s garbage collection program. The introduction of the black cart and blue cart system, with strict recycling rules and limitations around garbage pick-up has helped the city to reduce traffic congestion (by reducing the time needed for garbage trucks to pick up on residential streets), cut down on the amount of trash being dumped in the city s landfills and even generated revenue through recycling programs. For most homeowners and businesses, the program works well, once they re accustomed to the rules. But when a home cleanup or other project generates extra garbage, sorting through everything to make sure each item is properly disposed of becomes a hassle.

While most Canadian cities still rely on garbage bags or standard garbage pails for curbside garbage collection. Calgary has switched to garbage trucks that use mechanical arms to lift specialized containers and automatically dump them into trucks. This black box program keeps the trucks moving faster, which cuts down on the number of vehicles and staff needed while reducing traffic slowdowns caused by curbside collection. In order for this system to work, there are very specific rules about the black carts. There must be at least one foot of space between the cart and a hedge or fence, there must be 10 feet of space above the cart, carts must be three feet from cars or other obstacles, the cart must be placed on flat ground and the cart must be positioned such that the arrows on the lid point toward the road. When a homeowner has a lot of garbage to dispose of, curbside collection gets complicated.

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Recycling uses a similar cart system, only it s blue. There s a long list of what is and isn t acceptable as recycling and this can be confusing. For example, paperback books are recyclable, while hardcover books are not. Stretchy plastic bags are recyclable, while crinkly plastic bags are not. Tetrapacks are recyclable while disposable drink cups are not. Electronics such as TVs and computers must be dropped off at a special depot.

Daily garbage collection may not be an issue, but when there s a big job spring cleaning or moving, for example and there s

junk removal Calgary

residents often skip the city garbage collection and call a private junk collector instead. They don t have to wait until their scheduled city pickup service, they don t have to sort items (the junk firm properly disposes of everything), they don t have to drive to a depot, they don t have to cram everything into a black box and they don t even have to carry it to the curb.

Link Webb is a Calgary resident, realtor and the author of numerous household tips articles. Link says that when it comes to

rubbish removal Calgary

residents frequently choose to call a junk removal company. It s easier than having to sort garbage from recyclables, faster and convenient.

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Canada’s Don Valley West (Ward 25) city council candidates speak

Canada’s Don Valley West (Ward 25) city council candidates speak

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley West (Ward 25). Three candidates responded to Wikinews’ requests for an interview. This ward’s candidates include John Blair, Robertson Boyle, Tony Dickins, Cliff Jenkins (incumbent), and Peter Kapsalis.

For more information on the election, read Toronto municipal election, 2006.

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Category:Featured article

Category:Featured article

Featured articles are selected by the community to represent the best of Wikinews. See the Featured Article Candidates page for nominations and discussions of candidate articles for this page. Or, subscribe to the RSS feed!


Pages in category “Featured article”

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Scientology protest group celebrates founder’s birthday worldwide

Scientology protest group celebrates founder’s birthday worldwide
November 14th, 2022 in Uncategorized | No Comments
 Correction — March 19, 2008 The next protest is scheduled for April 12, 2008. The article below states April 18 which is incorrect. 

Saturday, March 15, 2008

The Internet group Anonymous today held further protests critical of the Church of Scientology.

The global protests started in Australia where several hundred protesters gathered at different locations for peaceful protests.

In a global speech, the Internet protest movement said Scientology “betrayed the trust of its members, [had] taken their money, their rights, and at times their very lives.” The protesters welcomed the public interest their protests have led to, and claimed they witnessed “an unprecedented flood of Scientologists [joining] us across the world to testify about these abuses.” The group said it would continue with monthly actions.

In a press statement from its European headquarters, Scientology accused the anonymous protesters of “hate speech and hate crimes”, alleging that security measures were necessary because of death threats and bomb threats. This also makes the Church want to “identify members” of the group it brands as “cyber-terrorists”.

Wikinews had correspondents in a number of protest locations to report on the events.

Anonymous states that the next protest is scheduled to take place on April 18, which happens to be the birthday of Suri, the daughter of Tom and Katie Cruise.

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Earn Money Through Article Writing

November 12th, 2022 in Cash Management | No Comments

Today, the internet industry is getting viral these days and most of the businesses have shifted their plans over here, therefore, the birth of market speculation created a state of Chaos for readers, users, business entrepreneurs, vendors, investors, and others.

Now it has become an insignificant war today, if you want to grab more sales, you can get paid views, social media campaigns and other associated services offered by several networking agencies, but the problem still lies beneath the ocean, how can we decide which is the best for what? Here the role of writers begins, now the writing industry is the most specialized industry giving a new face to the entire internet where the internet is overloaded with repeated information, yes, repeated information. Luckily, I got an offer fromaccidentally applying when I was searching for the job. You know how it is difficult for a job seeker to find the best available job online, this decision took 15 hours of painful brainstorming as I was waiting for the reply.

It has paid me when I started working on the first task, regardless of average stuff and repeated writing pattern, I got the attention of the search engine and my pages were ranked better.

I then switched to polish my skills and start reading the articles, it dynamically changed my thinking attitude, it’s what everyone must try. Actually it is not about writing, it is all about your thinking pattern. I feel blessed today that my decision was right.

Iranian International Master Dorsa Derakhshani discusses her chess career with Wikinews

Iranian International Master Dorsa Derakhshani discusses her chess career with Wikinews
November 11th, 2022 in Uncategorized | No Comments

Tuesday, April 14, 2020

In February 2017, the Iranian Chess Federation announced two teenage chess players, Dorsa Derakhshani and her younger brother Borna Derakhshani, were banned from representing the national team. The federation announced their decision although Dorsa Derakhshani had previously decided and informed the chess federation she did not wish to play for Iran.

Dorsa Derakhshani is currently 21 years old and holds the International Master (IM) as well as Woman Grand Master (WGM) titles. Her brother, Borna, plays for the English Federation and holds the FIDE Master title.

Dorsa Derakhshani was banned since she did not wear a hijab, an Islamic headscarf, while competing at the Tradewise Gibraltar Chess Festival in January 2017. Under the laws of Islamic Republic of Iran, hijab is a mandatory dress code. Her brother Borna Deraskhsani was banned for playing against Israeli Grand Master (GM) Alexander Huzman at the same tournament. Iran does not recognise the existence of Israel, and previously, Irani athletes have avoided playing against Israeli athletes.

Mehrdad Pahlavanzadeh, the president of the country’s chess federation, explained the decision to ban the players saying, “As a first step, these two will be denied entry to all tournaments taking place in Iran and in the name of Iran, they will no longer be allowed the opportunity to be present on the national team.” ((fa))Farsi language: ?????? ????? ?? ??? ??? ?? ??? ????? ?? ?? ???? ???????? ?? ?? ????? ? ?? ??? ????? ?????? ??????? ????? ??????? ? ???? ???? ???? ?? ??? ??? ?? ??????? ????. He further stated, “Unfortunately, something that should not have happened has happened and our national interest is paramount and we have reported this position to the Ministry of Sports.” ((fa))Farsi language: ????????? ?????? ?? ????? ????????? ?????? ??? ? ????? ??? ?? ?? ?? ???? ?????? ???? ? ?? ??? ???? ?? ?? ????? ???? ?? ????? ?????.

IM Dorsa Derakhshani, who currently studies at Saint Louis University in the United States and plays for the United States Chess Federation, discussed her chess career, time in Iran and the 2017 controversy, and her life in Saint Louis with a Wikinews correspondent.

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Neck And Back Pain Treatment Methods}

November 10th, 2022 in Medicine | No Comments

Neck and back pain treatment methods



Most people suffer from neck and back pain. In fact, for many people, it is normal to experience pain in the neck and back. If pain persists for more than six weeks, then its high time to see the orthopedic surgeon. Reading further you will know about neck and back pain treatment.

Neck pain treatment

There are several reasons for people to develop neck pain. However, most neck pains trigger because of sudden trauma, such as muscle sprains and strains that heal quickly with treatment. Neck pain treatment usually starts with conservative care which is prescribed in the form of ice or heat therapy, muscle conditioning, pain medications and physical therapy.

There is no doubt at all that above slated treatment for neck pain relieve a large percentage of pain in patients, other instances wherein patients suffer from chronic pain might need more Interventional care. Here are some treatment methods for neck pain.

Neck immobilization

Diagnostics for treating pain in the neck

Nonsurgical treatment for neck pain

Supplemental treatment for conservative care for neck pain

Conservative treatment with time frames

Other treatments for pain in neck

These are just some of the many treatment methods for getting rid of pain in the neck.

Back pain treatment

When it comes to treating pain lower back, treatment largely depends on the history of a patient and also on the intensity of pain. In most cases, people suffering from lower back pain experience relief within six weeks. Also exercises tend to form an integral part of back pain treatment. Surgery is only recommended when pain persists or worsens.

Rest take complete bed rest for a few days. Cease all activities so that injured or damaged nerve roots and tissues can start to heal. This will help in reducing pain in the lower back. However, if you rest for more than a few days, then it might cause muscle weakening. People who do not follow an exercise regime have high chances of experiencing pain in the back.

Heat and Ice Packs It is one of the best therapies to relieve most types if back pain. It helps in reducing inflammation. You can use both therapies alternately.

Medications There are several over-the-counter medicines as well as prescription medications which are available for reducing pain in back. Many medicines also help in reducing inflammation, which triggers pain, whereas other medicines aim at inhibiting the transmission of pain signals right to your brain. There are side-effects associated with medicines, so make sure you consult an orthopedic surgeon before including them in your routine.

Exercises for back pain Exercise is a must for all those who suffer from pain in back. Most orthopedic surgeons include exercise in the treatment plan. Usually, exercises are recommended by spine surgeon or health professional, and comprise of three components strengthening, conditioning and stretching.

These are some of the most common treatment methods for treating back pain. However, to get the best possible treatment, you should consult an experienced and board certified orthopedic surgeon like Dr. Erik Bendiks who has been treating patients suffering from neck and back pain for last many years.

Orthopedic surgeon like Dr. Erik Bendiks who has been treating patients suffering from neck and back pain for last many years.

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The Onion: An interview with ‘America’s Finest News Source’

The Onion: An interview with ‘America’s Finest News Source’
November 10th, 2022 in Uncategorized | No Comments

Sunday, November 25, 2007

Despite the hopes of many University of Wisconsin-Madison (UW) students, The Onion was not named after their student center. “People always ask questions about where the name The Onion came from,” said President Sean Mills in an interview with David Shankbone, “and when I recently asked Tim Keck, who was one of the founders, he told me the name—I’ve never heard this story about ‘see you at the un-yun’—he said it was literally that his Uncle said he should call it The Onion when he saw him and Chris Johnson eating an onion sandwich. They had literally just cut up the onion and put it on bread.” According to Editorial Manager Chet Clem, their food budget was so low when they started the paper that they were down to white bread and onions.

Long before The Daily Show and The Colbert Report, Heck and Johnson envisioned a publication that would parody the news—and news reporting—when they were students at UW in 1988. Since its inception, The Onion has become a veritable news parody empire, with a print edition, a website that drew 5,000,000 unique visitors in the month of October, personal ads, a 24 hour news network, podcasts, and a recently launched world atlas called Our Dumb World. Al Gore and General Tommy Franks casually rattle off their favorite headlines (Gore’s was when The Onion reported he and Tipper were having the best sex of their lives after his 2000 Electoral College defeat). Many of their writers have gone on to wield great influence on Jon Stewart and Stephen Colbert‘s news parody shows.

And we are sorry to break the news to all you amateur headline writers: your submissions do not even get read.

Below is David Shankbone’s interview with Chet Clem and Sean Mills about the news empire that has become The Onion.

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Trinity College

Trinity College
November 9th, 2022 in Uncategorized | No Comments

Trinity College is the name of a number educational institutions, some of which are below:

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