Saturday, February 11, 2006

Israeli Prime Minister Ariel Sharon underwent emergency surgery at Hadassah Medical Center in Israel to treat intestinal damage revealed by a recent computed tomography, better known as a CT scan. The Chief Surgeon said, “Sharon is out of danger, for the moment. His condition is stable and the surgery was a success.” Sharon is currently in the Intensive Care Unit (ICU) of the hospital.

Yesterday doctors treating Sharon had noticed a swollen abdomen and ordered a CT scan on his torso and found the damage to his intestine. Later tests had shown that part of the large intestine had developed necrosis and needed to be immediately removed.

Hospital director Shlomo Mor-Yosef stated a press conference that there were “no complications” during surgery. “His (Sharon’s) key problem is lack of consciousness. There is no significant change in his condition. Doctors did not find any occluded artery and there were no blood vessels blocked. He is stable but in critical condition at this time and he is in no immediate danger at this moment.”

Yosef also said that Sharon’s sons and family had met earlier and decided to go forward with the surgery and treatment.

Doctors removed at least 50cm of Sharon’s large intestine.

Yosef also said that possible reasons as to why Sharon’s intestine was damaged were, “maybe infection or decline of blood supply to the intestine.” Yosef also said that the surgery was both a “routine procedure” and “not a dramatic” one. “Hospitals perform these operations sometimes two or three times a day,” he added.

Yael Bossem-Levy, a spokesman for Hadassah Medical Center said earlier that, “the prime minister’s life is in danger. His condition is now very serious, or critical. Sharon’s digestive tract has undergone severe deterioration while he’s been unconscious, and there appears to be a blockage in his blood circulation. The restricted blood flow raised the possibility of necrosis, or death of tissue, in the intestines.”

Levy also stated that Sharon’s condition has “deteriorated to its most critical point since his admission.”

The 77 year-old leader has been hospitalized since January 4th, after suffering a massive stroke which left him comatose. This is his seventh surgery since his hospitalization.

Sharon has been hospitalized for thirty-nine days, and has been on a feeding tube for two weeks.

Thursday, March 13, 2008

Members of Australia’s Health Services Union (HSU) will go on strike in Victoria next week in a dispute over stalled wage and career structure negotiations. Over 5000 physiotherapists, speech pathologists and radiation therapists will walk off the job next week, effectively closing the state’s 68 largest health services.

The strike will force the closure of intensive care units and emergency departments across the state.

It is feared the strike could continue into Easter.

National secretary of the HSU, Kathy Jackson said admissions would be crippled, while intensive care patients would have to be evacuated to New South Wales, Tasmania and South Australia as hospitals will not be able to perform tests or administer treatment.

“When an ambulance shows up you can’t admit a patient without an X-ray being available, you can’t intubate them and you can’t operate on them,” she said.

“If something goes wrong in an ICU you need to be able to X-ray, use nuclear medicine or any diagnostic procedure,” said Ms Jackson.

Ms Jackson said the HSU offered arbitration last year, but the state government refused. “They’re not interested in settling disputes, they hope that we are just going to go away.”

“We’re not going away, we’ve gone back and balloted the whole public health workforce in Victoria, those ballots were successful, 97 percent approval rating,” she said.

The HSU is urging the government to commence serious negotiations to resolve the dispute before industrial action commenced.

The government has offered the union a 3.25 per cent pay increase, in line with other public sector workers but the union has demanded more, but stopped short of specifying a figure.

Victorian Premier John Brumby said the claim would be settled according to the government’s wages policy. “The Government is always willing and wanting to sit down and negotiate with the relevant organisations . . . we have a wages policy based around an increase of 3.25 per cent and, above that, productivity offset,” he told parliament.

The union claims it is also arguing against a lack of career structure, which has caused many professionals to leave the health service. Ms Jackson said wages and career structures in Victoria were behind other states.

Victorian Opposition Leader Ted Baillieu said he was not in support of the proposed strike and called on the government to meet with unions. “There could not be a more serious threat to our health system than has been announced today.”

“We now have to do whatever is possible to stop this strike from proceeding,” he said.

The opposition leader will meet with the union at 11:30 AM today.

Victorian Hospitals Industry Association industrial relations services manager Simon Chant said hospitals were looking at the possible impact and warned that patients may have to be evacuated interstate if the strike goes ahead.

Thursday, July 19, 2018

On Monday, Eritrea reopened their embassy in the Ethiopian capital Addis Ababa just a week after both the countries signed a declaration of the end of the two-decade-long conflict between the countries.

71-year-old Eritrean President Isaias Afwerki raised the Eritrean flag in Addis Ababa and Ethiopian prime minister Abiy Ahmed handed Afwerki the keys for the embassy. Abiy said, “Both nations have chosen peace as opposed to war […] We won’t allow anyone to stop this from happening.”

A former province of Ethiopia, Eritrea voted in favour of a sovereign state and declared independence in 1993. The Eritrean embassy in Ethiopia was shut down in 1998 and, per reports, about 80 thousand were killed in the border conflict between the two nations from 1998 to 2000.

The Ethiopian Prime Minister visited Eritrea earlier this month and on July 9, leaders of both countries signed a declaration of the end of the conflict in Eritrean capital Asmara. After announcing the end of the conflict, telephone lines were set up between the two countries and on Wednesday, Ethiopian Airlines flew the first direct plane between Ethiopia and Eritrea in twenty years. Chief Executive of the airlines Tewolde GebreMariam said, “This day marks a unique event in the history of Ethiopia and Eritrea”.

Wednesday, September 17, 2008

The Federal Reserve took over American International Group (AIG) on Tuesday in an US$85 billion loan, in exchange for a 79.9% stake in the company.

A press release issued Tuesday stated that “the Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.”

The deal allows AIG to draw up to US$85 billion in loans over the next 24 months to shore up the orderly sale of various divisions of the company without further interruption to the economy. In exchange, the Federal Reserve will have a 79.9% equity stake, primarily in the form of equity participation notes. The loan carries an interest rate of LIBOR plus 850 points. Should AIG fail, the loan is covered completely by company assets. Should AIG recover however, taxpayers could potentially recover large profits.

This news comes on the heels of the Federal Reserve refusing to bail out Lehman Brothers, forcing the company to file for bankruptcy on Monday after Bank of America(BoA) and Barclays PLC pulled out of negotiations over the weekend. The fact that AIG has thousands of divisions engaged in business across the globe sets them apart from the recent problems with other banks. AIG was built up over the last several years via the buyouts and mergers of many companies around the world, offering AIG’s stockholders a diverse base of income which allowed it to steadily increase profits.

It is this interconnectedness that had the Federal Reserve worried. Should AIG collapse, it could set off a global chain reaction in multiple markets. In an interview with the New York Times, former Treasury official Roger Altman said, “It’s the interconnectedness and the fear of the unknown. The prospect of the world’s largest insurer failing, together with the interconnectedness and the uncertainty about the collateral damage — that’s why it’s scaring people so much.”

While AIG, like many other banks, found itself embroiled in the middle of the sub-mortgage lending crisis, AIG has also been struggling to deal with controversies in other complex financial instruments such as credit default swaps. These markets have been exploding for several years, but due to lack of regulation by the government, recent reversals have seen AIG’s stock value tumble by over 90 percent in the last year.