Monday, December 19, 2005

Rocket company SpaceX, notorious for repeatedly pre-announcing its first flight on Wikinews, cancels its latest attempt and defers further flights until 2006.

This latest launch attempt on the 19th December was cancelled due to structural issues with the first-stage fuel tank of the Falcon 1 rocket. An electrical fault caused a valve to shut inappropriately, and as fuel drained out a vacuum was created causing the side of the fuel tank to buckle inwards.

Wednesday, June 30, 2021

Earlier this month, Wikinews spoke with University of Sussex professor of economics L. Alan Winters regarding the decision of the United Kingdom to leave the European Union (EU) in the 2016 Brexit referendum and the subsequent negotiations leading up to and following the EU–UK Trade and Cooperation Agreement of December, which he has researched extensively. In a call, a Wikinews correspondent spoke with Professor Winters about recent developments in UK trade policy to learn more about his observations.

Winters is professor of economics at the University of Sussex, as well as founding director and fellow of the UK Trade Policy Observatory (UKTPO). His career spans over 15 years, including as chief economist at the Department for International Development, director of the Development Research Group of the World Bank, CEO of the Migrating Out of Poverty Research Programme Consortium and advisor for the Organisation for Economic Co-operation and Development, the Commonwealth Secretariat, the European Commission, the European Parliament, the United Nations Conference on Trade and Development, the World Trade Organization and the Inter-American Development Bank.

Three reports where Winters is listed as an author were used as reference during the interview: “COVID-19 will reinforce the Brexit shock”, “The Costs of Brexit” and “Taking stock of the new UK-EU Trade and Cooperation Agreement: governance, state subsidies and the level playing field”.

Winters was awarded the title “Companion of the Most Honourable Order of the Bath”, styled C.B., on June 16, 2012 as part of the 2012 Birthday Honours.

Tuesday, August 23, 2011

A former Marsh & McLennan Cos. executive has hit former New York Governor Eliot Spitzer with a $60 million defamation lawsuit over an online magazine article regarding an insurance bid-rigging scandal.

William Gilman, a former Marsh managing director, filed a complaint last Friday in the U.S. District Court in Manhattan, over allegations Mr. Spitzer defamed him in a Slate article published a year ago. A copy of the complaint was made public on Monday.

Gilman, who had a final insurance fraud charge dismissed in January, said Spitzer acted with “actual malice” by suggesting that he was guilty of crimes of which he was never accused.

Although he wasn’t named in the article, Mr. Gilman complained that Spitzer defamed him by writing that “Marsh’s behavior was a blatant abuse of law and market power: price-fixing, bid-rigging and kickbacks all designed to harm their customers and the market while Marsh and its employees pocketed the increased fees and kickbacks.”

“While Mr. Spitzer’s statements do not refer to Mr. Gilman by name, Mr. Gilman is readily identifiable as the subject of the defamatory comments,” said the complaint. “Mr. Spitzer was well aware of his own allegations as attorney general and the resolution of those allegations in favor of Mr. Gilman and yet, recklessly disregarded these facts.”

In 2004 Mr. Spizter, then the state’s Attorney General, announced an investigation into the practices at Marsh & McLennan, particularly fees paid by insures to brokers who place business with them. Gilman, who worked for the company at the time, was charged in 2005 with 37 counts of insurance fraud. Gilman’s final charge was dropped last January.

“I haven’t seen the lawsuit and so will not comment on it,” said Spitzer. “The illegalities rampant at Marsh & McLennan leading to their fine of $850 million and the multiple judicial findings of illegality are clear from the public record.”

Mr. Gilman is now seeking at least $10 million in compensatory damages; $20 million in general damages, including damage to his reputation; and $30 million in punitive damages.

Tuesday, October 3, 2006

Gol Transportes Aéreos Flight 1907 crashed 1,750km (1,100 miles) north-west of Rio de Janeiro killing all people onboard, on Friday September 29. National Civil Aviation Agency (ANAC) has confirmed that the crashed Brazilian airplane did crash into a smaller aircraft. Rescue workers and air force personnel are searching the wreckage for bodies

Friday, November 2, 2007

The Palo Verde Nuclear Generating Station in Arizona is currently locked down while security teams are doing a sweep of the area after a pipe bomb was found this morning.

Arizona Public Service Company (APS) spokesman Jim MacDonald said a contract worker was stopped at the main gate of the facility for a routine security sweep and a suspicious looking device was reportedly found in the bed of the worker’s pickup truck. APS owns the station, which is located in Wintersberg, Arizona.

According to the Maricopa County Sheriff’s Office (MCSO), the suspicious looking device was a pipe bomb.

“MCSO bomb squad tests later determined that the capped pipe was a credible explosive device,” said APS in a written statement.

The worker was taken into custody, and the entrance to the plant was immediately closed. The suspect, only described as a white male, lives in a Phoenix apartment complex, is reportedly an engineer who works with computers, and is cooperating with police.

Three schools in the Saddle Mountain Unified School District were locked down voluntarily, affecting about 1,500 students.

According to Fox News, the Department of Homeland Security‘s operations center was monitoring the incident.

MacDonald said the plant nor the public are at risk, “We have a large and well-trained security force that followed the procedures exactly the way they’re supposed to.” The incident, which was classified as an “unusual event” — the lowest emergency classification, is not believed to be terrorist related.

The FBI and the Maricopa County Sheriff’s Department are investigating.

The Palo Verde plant is about 35 miles west of Phoenix and is the largest nuclear electric generating site in the country, producing as much electricity as nine Hoover Dams.

Friday, December 30, 2005

Alex Tew, a student in England, has almost reached his target of one million dollars on his website: Million Dollar Homepage. He came up with the idea after jotting down ideas before he went to bed on how to become a millionaire before he went to university. Then he came up with the million-dollar idea: selling pixels at USD $1 each on a web page. Alex currently believes he can make his goal by the end of 31st December, 2005.

Advertising companies especially appreciate the website, as they wish to “make Internet history” on the Million Dollar Homepage. In fact as of writing, he has already made USD $999,000. The student says advertisers get to keep their ads for a period of five years from purchase and he says he will use the money he has made to guarantee it. Alex has said he has already got numerous job offers from companies aiming to secure his money making talent.

Tew is undergoing a business management course at Nottingham and needed GBP £7000 a year to complete his studies. He is understandably overwhelmed by the success he has achieved: “It’s just nuts. I’m in a state of disbelief. It’s like Monopoly money but then I look at my bank account and there’s a lot of cash in it.” The British National Union of Students claim that 90% of students are in debt. However, what only worries him is how he’s going to spend his money. He has already spent some of his money on a car for himself, as he thinks of what to do with his new fortune.

His website’s method is simple; his website is made up of one page divided into 10,000 boxes, each 100 pixels in size. Companies can buy one or more boxes for USD $100 each and cover it with a logo, which, when clicked on, transports web users to the customers’ own site.The figures add up with the site now carrying over 240 advertisements and has 30,000 hits a day. Even the actor Jack Black, star of “School of Rock” and “Shallow Hal“, is using the site to advertise his band Tenacious D.