Five biggest US banks told to raise $74.6 billion; fail “stress tests”
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Five biggest US banks told to raise $74.6 billion; fail “stress tests”

Saturday, May 9, 2009

The five largest United States banks need a total of US$74.6 billion in extra funds to increase their cash reserves, according to so-called “stress tests” conducted by regulators to determine whether the banks have enough capital to survive the ongoing recession.

“Our hope with today’s actions is that banks are going to be able to get back to the business of banking,” said Timothy Geithner, the US Treasury Secretary.

The results of the stress-test determined that Bank of America was the bank most at risk, needing $33.9 billion. Wells Fargo will require an additional $13.7 billion, while GMAC needs $11.5 billion.

Seven other banks failed the “stress test”, including: Citigroup, Morgan Stanley, Regions Financial, SunTrust Banks, KeyCorp, Fifth Third Bancorp, and PNC Financial Services.

Nine other banks that underwent stress tests, such as Goldman Sachs, JPMorgan Chase, Bank of New York Mellon, MetLife, American Express, State Street, BB&T, US Bancorp and Capital One Financial, were found to have enough capital in case the recession deepens.

Those banks that need extra money will be set a June 8 deadline to draw up their plans to raise the additional capital and have regulators approve them.

Molten steel kills 32 workers in Liaoning,China
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Molten steel kills 32 workers in Liaoning,China

Thursday, April 19, 2007

Molten steel spilled out and killed 32 workers at the Qinghe Special Steel Corporation mill in the city of Tieling in Liaoning province, China.

The ladle containing 1,500-degree-Celsius liquid steel poured into an open room, where employees take breaks in-between shift changes, at 7:45 a.m. local time. At least 6 others were injured, one of them critically.

“It is the most serious accident to hit China’s steel industry since 1949,” said China’s deputy head of the State Administration of Work Safety, Sun Huashan.

At least 4 workers have been arrested after the accident. The manager of mill, an operator, technician and a supervisor of a workshop were all arrested and are being questioned as an investigation in launched into what caused the accident to occur.

City Planning Board postpones decision on Buffalo, N.Y. hotel proposal
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City Planning Board postpones decision on Buffalo, N.Y. hotel proposal

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “120 year-old documents threaten development on site of Buffalo, N.Y. hotel proposal” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Thursday, March 2, 2006

Buffalo, New York —In an unanimous vote, the City of Buffalo‘s Planning Board voted to table the Elmwood Village hotel Proposal, postponing voting on legislation for up to 30 days.

The Board said its decision was due to the lack of public involvement, saying that there have not been enough meetings.

The Elmwood Village Hotel is a proposed project by Savarino Construction Services Corporation and was designed by Karl Frizlen of The Frizlen Group. The hotel would be placed on Elmwood and Forest Avenues in Buffalo, New York. In order for the hotel to be built, at least five buildings, that include both businesses and residents, must be demolished.

The Forever Elmwood Corp. is a Buffalo-based non-profit organization founded in 1994. Justin Azzarella, the Executive Director for the organization voiced support for the proposal, stating: “I am here today to lend Forever Elmwood’s support the hotel project. Particularly, Forever Elmwood is encouraged by the fact that this building follows the more stringent Elmwood Village Design Guidelines. We have been speaking with Savarino Construction, and they have promised us [Forever Elmwood] that they will engage the community further, including the surrounding Block Clubs and businesses. For that reason, while Forever Elmwood is in support of this project and the type of project that it is, we are asking also that the project be tabled so that the community can be further engaged. Specifically the surrounding Block clubs which include the Granger, Claremont, Asland and The Lincoln Parkway Block Clubs.”

“Because of the excellent work that Karl does and the game plan that they have, I think its an ideal use of this particular location. I think that this particular type of development needs to be encouraged and promoted as opposed to roadblocked,” said a man who owns five properties near the proposal site.

However, Evelyn Bencinich, a resident of Granger Place and whose house would be located directly behind the hotel said, “My property value will be depreciated or non-existent because no one is going to want to live behind a multi-story hotel. We are facing up to a year of noisy and dangerous demolition and construction. Children, pets and even drunk rebellers could wander on site and get hurt. Traffic tie-ups caused by large machinery and garbage bins is inevitable. Where will pedestrians walk? We could experience increased unsanitary flooding in our yards and basements due to the digging and cementing for the underground parking garage. Rats will be displaced into the immediate neighborhoods and be in great abundance. Once we get past the year of nightmare construction, what if you build it and they don’t come? We could ultimately have a seven million dollar rooming house on our corner.”

Patty Morris, co-owner of Don Apparel with Nancy Pollina at 1119 Elmwood also asked that the project be tabled saying, “this has only been public knowledge for less than two weeks and the public never saw the redesign. How can you vote on anything that no one has seen yet? The Board cut off Morris saying, “so specifically you don’t have any problem with it [the design] you just…” Morris then said, “Oh I am totally against this project, but thats besides the point isn’t it.”

The planning board is also concerned that the current design may still be too big.

At one point Board member Susan Curran Hoyt said, “we know you’ve cut down your number of rooms on this project, but we still see it doesn’t seem to fit the description of a ‘botique’ hotel,” and asked Eva Hassett, Vice President of Savarino Construction, “we wonder if you could reduce the rooms further.”

“One thing I didn’t talk about was the price levels of these rooms and that will be important to know. The room rate will be somewhere between US$120 and $160 a night, which is about the same price of the Hampton Inn down town and the smaller you make the hotel, the more expensive the rooms will get. We believe that we’ve made a good compromise in terms of the size of the hotel and perhaps botique means different things to different people,” said Hassett.

The board was also concerned that there is not enough parking asking, “are there alternative plans for valet parking off-site, in the event that you have a full hotel or a large event going on?”

“We are exploring several possibilities with respect to additional parking for valet and parking near-by,” replied Hassett. “We are also exploring the possibility of using the rear of 1105 Elmwood for additional parking, which would give us an additional ten or eleven spaces.”

The new design has a total of 55 parking spaces for 72 rooms, with 39 of them underground and the rest on ground level.

Hassett also said that a “parking study” will be done on the area.

Concerns that the second floor of the hotel will be too close to the property of 605 Forest were also brought up. The board asked how far the hotel would be from the property and Karl Frizlen replied saying it would “be approximately five feet from the property line,” but he also admitted that, “I do not know exactly how close the house next door” will be from the hotel, but did say “I think the house is about four or five feet away from the property line and we [the hotel] sit right on the property line.”

The board is concerned the setback from the property is not enough saying the space between the building and the hotel is “pretty narrow.”

The City’s Common Council also agreed to table the proposal also citing the need for more public engagement and the need for more organizations to respond including the Buffalo Preservation Board and the Office of Historic Preservation.

During that meeting, Hassett also said the proposal to try and get a variance to obtain the properties of 605 and 607 Forest were “now off the agenda.”

The Common Council is expected to meet and hold a public hearing about the project and the rezoning of the properties to be demolished (1119-1121 Elmwood) on Tuesday March 7, 2006 at 2:00 p.m. in Council Chambers at City Hall. At the moment the properties are not zoned for a hotel.

How Easy Is It To Work With Property Development New Milton Service Providers?}

How easy is it to work with property development New Milton Service providers?

by

Brian MillerIt takes most people time to earn enough money to own property. Most of those who own property via a mortgage loan take several years to pay off their loan in full. So there is no easy to have a property except if it is inherited. This is why the property in question should be perfect from the start. And the best way to establish this is by hiring a property development New Milton service provider.This is if you live in New Milton as there are real estate developers in all regions of the UK. Whether you are in pursuit of rental income or a personal property to live in, working with a good developer is a must. There is a lot of work they can do on your behalf to ensure that you are safe from issues later on. Besides, when you have a person to hold responsible for the progress of your project you can have peace of mind. They can also recommend the best builders New Milton can provide. With builders all over the place and claiming to be the best service providers, you can understand the reason why working with a developer is so beneficial. They have connections with some of the best builders in not only New Milton but other major towns in the country. What is more, property development New Milton experts are aware of every office you need to enter before you can start building or buying any house or land. They know the entire process from the start to end and all things that you will be required to produce. Apart from this, highly dependable New Milton real estate developers are property educated, tested in the field and enrolled with some publicly known associations. It is hardly possible to ruin your project if you assign it to a development company that knows their job well. Furthermore you have the option of hiring a large-scale contractor that has affiliations with builders, realtors, solicitors, attorneys, surveyors, raw materials suppliers and others. So, hiring a big but affordable real estate development firm allows you to have all things under-one-roof. This can particularly be cheaper than hiring each professional separately. But there is also the risk of hiring some poorly skilled professionals if you decide to work with just one organization unless you recognize it very well. But there is the peace of mind that comes with knowing that most big companies have a stronger financial base and cannot leave your project hanging unless they have a bad reputation. In any case they will offer advice on the type of venture you are considering and suggest other options that may be more profitable.Once they know your budget, they will know the amount of skills and help they could offer you and for how long they can serve you non-stop. Good developers or builders New Milton contractors will also take the opportunity to brief you on any changes that might happen due to unavoidable circumstances. They will basically take your project so seriously that they will involve you in every stage and tell you everything you should know.

Perhaps you are ready to build or repair your building but you do now where to find the best

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UN summit results in pledge to mitigate food crisis
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UN summit results in pledge to mitigate food crisis

Friday, June 6, 2008

A three-day United Nations (UN) summit, bringing together leaders from 181 countries, has wrapped up with a pledge by all attending countries to address the global food shortage crisis. Key actions cited include doubling the world’s food production by 2030, providing resources for farmers in poor countries and increasing humanitarian aid in times of crisis.

Protests and violent riots have resulted in parts of the world in recent months due to increasing unaffordability, and sometimes unavailability, of food. It is estimated that 862 million people, or just over one eighth of the world’s population, are malnourished.

According to UN Secretary General Ban Ki-moon, up to US$20 billion will be required annually to avert crises in the most hard-hit areas. The UN Food and Agriculture Organization (FAO) has put the figure closer to US$30 billion. Pledges made just at the summit amounted to more than US$5 billion, according to the UN.

Despite the largely positively-received outcome of the summit, held in Rome, Italy, there were some who felt that the proceedings could have gone better. Several non-governmental organisations (NGOs) pointed to the fact that they were not invited to partake in the discussions. Food and hunger policy adviser Magda Kropiwnicka of ActionAid commented on the strength of the final pledge: “There were no quantifiable financial commitments. Apart from the existing UN Food and Agriculture Organisation funds, no money has been given to address the key problem of boosting capacity.”

While most delegates agreed that biofuels have been one of the causes of the food crisis, no actions were agreed upon to address this hot topic. Biofuels have been increasingly in demand in recent years, meaning that many crops that would have previously been used for food are now being used as fuel.

The impact that biofuels has goes further than simply increasing the demand of food crops. As fuel prices increase, so do the costs of fertilisers, farm vehicle use and the transport of foods. All of this adds up to a large increase in the cost of food.

Some UN officials say that biofuel use has caused up to 30% of the global food price inflation of late. The United States estimates that figure to be closer to just 3%. The Globe and Mail newspaper indicates that some estimates go as high as 60%. The only consensus that could be reached on biofuels is that they provide both “challenges and opportunities”, and need to be looked into further for a conclusive analysis on their impact on food production.

Other factors increasing food prices are increased consumption of meat and dairy products in developing nations like China and India. Argentina noted that subsidies granted to farmers from the US, the European Union and other Western countries have also been a major player in the increase.

UN releases first-ever human rights report on Kashmir
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UN releases first-ever human rights report on Kashmir

Sunday, June 17, 2018

On Thursday, the United Nations (UN) released its first-ever report for Kashmir, highlighting several incidents of alleged human rights violations in the last two years in the Indian state of Jammu and Kashmir as well as Pakistani-administered areas of Kashmir, namely Gilgit-Baltistan and Azad Kashmir. The Indian Ministry of External Affairs (MEA) denounced the 49-page report by the UN Office of the High Commissioner for Human Rights, calling it “selective”, “malicious” and “fallacious”. The report mentions human rights violations including torture, enforced disappearances, sexual violations, administrative detention, violations on the right to health and education, lack of access to justice and arbitrary arrests and detention among others.

Zeid Ra’ad Al Hussein, the UN High Commissioner for Human Rights, said he would urge the UN Human Rights Council “to consider establishing a Commission of Inquiry to conduct a comprehensive independent international investigation into allegations of human rights violation in Kashmir”. Hussein was not granted permission, by either India or Pakistan, to visit Kashmir for the report.

Per the report, Pakistan was asked to stop “misuse of anti-terror legislation to persecute those engaging in peaceful political and civil activities and those who express dissent.” In July 2016, Indian security forces killed the Hizbul Mujahideen leader Burhan Muzaffar Wani, which led to protests in the Kashmir Valley. In response to the protests, Indian security forces fired metallic pellets, and their activities led to human rights violation, the UN report read. It also accused India of the unlawful killing of about 145 civilians since 2016. The report asked India to “fully respect the right of self-determination of the people of Kashmir as protected under international law.”

The MEA issued a statement which read: “India rejects the report. It is fallacious, tendentious and motivated. We question the intent in bringing out such a report. It is a selective compilation of largely unverified information. It is overtly prejudiced and seeks to build a false narrative.” Per the constitution of Jammu and Kashmir it “is and shall be an integral part of the Union of India” while Pakistan’s constitution does not mention Azad Kashmir or Gilgit-Baltistan in its territories, but has a provision for relations with Pakistan subject to Jammu and Kashmir people’s decision to acceede to Pakistan. The MEA added in their statement, “Cross-border terror and incitement are aimed at suppressing the will of the people of Jammu & Kashmir, disrupting its political and social fabric and undermining India’s integrity”.

Unlike India, the report was welcomed by Pakistan. In a press release, the Foreign Office said Pakistan “welcomes the proposal by the UN High Commissioner for Human Rights to establish a Commission of Inquiry for [an] international investigation into human rights violations” in Indian-held Kashmir.

Directing towards Indian authorities, the report asked to “urgently repeal the Armed Forces (Jammu and Kashmir) Special Powers Act, 1990; and, in the meantime, immediately remove the requirement for prior central government permission to prosecute security forces personnel accused of human rights violations in civilian courts”.

“The report violates India’s sovereignty and territorial integrity. The entire state of Jammu and Kashmir is an integral part of India. Pakistan is in illegal and forcible occupation of a part of the Indian state through aggression. We have repeatedly called upon Pakistan to vacate the occupied territories. The incorrect description of Indian territory in the report is mischievous, misleading and unacceptable. There are no entities such as ‘Azad Jammu and Kashmir’ and ‘Gilgit-Baltistan'”, India’s External Affairs ministry said in their statement.

The report was welcomed by some activists and leaders in Kashmir. Jammu and Kashmir human rights activist Khurram Parvez welcomed the UN report. Kashmiri leader Mirwaiz Umar Farooq wrote on Twitter, “People of Kashmir thank the U.N., especially the bold efforts of its HR commissioner, Zeid Ra’ad Al Hussein, for its support to the right of self-determination.”

The Kashmir-conflict between India and Pakistan has led to two wars since their independence in 1947. Between 1990 and 2017, there have been about 69,820 militancy-related incidents in Jammu and Kashmir, and more than 41 thousand people were killed. In 2017, there were over 800 ceasefire violations along the heavily-militarised Line of Control in Kashmir between India and Pakistan.

Neville Chamberlain’s War Diaries go on display
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Neville Chamberlain’s War Diaries go on display

Tuesday, August 18, 2009

File:Arthur-Neville-Chamberlain.jpg

The personal diaries of British wartime Prime Minister Neville Chamberlain are to go on display at the Imperial War Museum in London.

Beginning on August 20, 2009, a free exhibition, marking the 70th anniversary of the declaration of WWII, will allow visitors to have an unprecedented insight into the mind of the Prime Minister at the helm of the government when war was declared on September 3, 1939. His entry for that day, a note scribbled in pencil reads simply: “War declared.” With the diaries, a letter to his sister detailing the preparations for war, and the declaration letter itself, written by Foreign Secretary Lord Halifax.

The centrepiece at the exhibition will be accompanied by King George IV‘s jacket worn on his television appearance, and other previously unseen memorabilia from the period in the immediate run up to the Second World War.

A book, entitled The World Goes To War, is to be published on August 27, 2009 to accompany the exhibition. Also, a television documentary will be broadcast on UK network ITV1.

‘i Wonder Who’s Kissing Him Now.’ Marine Commandant General James Amos’ Inconvenient Jeremiads On ‘don’t Ask, Don’t Tell.’

‘I wonder Who’s Kissing Him Now.’ Marine Commandant General James Amos’ Inconvenient Jeremiads On ‘Don’t Ask, Don’t Tell.’

by

PhilipJSherman

The winds of change are blowing through the military establishment. It is clear that openly gay service personnel are an inevitability and that “Don’t ask, don’t tell” is on its way out.

These days Defense Secretary Robert Gates, a man trusted by both political parties and the service chiefs, has a message for them all: if we are to manage the end of “Don’t Ask, don’t tell” the way we want it… we had best act quickly before the civilian courts step in and tell us what to do. Change is inevitable, he says, but handling it our way is not.

Right now, various judges, their itchy fingers and intrusive court orders at the ready, are giving the military time to sort out their own house. But the clock is ticking… ticking.

Secretary Gates reminds all that “Don’t ask, don’t tell”, that invidious, unconstitutional, discriminatory policy that has kept military gays locked firmly in the closet since the Clinton Administration is moving inexorably into the scrap heap of history’s lousy ideas. He aims to be on the right side as inevitability unfolds.

Chairman of the Joint Chiefs of Staff Admiral Mike Mullen knows it, too. He’s on board with the new political realities as are all savvy officers who can see the way the wind blows.

But, conspicuously brand-new Marine Commandant James Amos is not. To the increasing embarrassment of the military establishment, General Amos has become a fountainhead of notoriously unpersuasive insipidities on the subject:

One by one, the panjandrums of the military have thrown in the towel and taken up the new party line, admitting that gays (imagine!) have been serving, are serving and will serve in every service with distinction… what is the big deal, after all?

General Amos, new kid on the block, Bourbon-like, has learned nothing and forgotten nothing. Bourbon-like he has now become the problem… and you know what happened to these clueless French monarchs.

[youtube]http://www.youtube.com/watch?v=P-G-46wZ5Xg[/youtube]

If his military brethren have weakened and strayed, he most assuredly has not. Why just the other day he uncorked this sour vintage, designed to frighten Marine parents everywhere:

“I don’t want to have any Marines that I’m visiting at Bethesda (Naval Medical Center) with no legs be the result of any kind of distraction.”

This, of course, is demagoguery of the worst kind… seeking to support an outmoded policy through fear mongering. It defines the man’s approach to this issue. If he cannot have victory, he can at least have the last word. (But there is that in him which feels that even now, against all odds, he can still have victory. After all he is a Marine… and that is enough.)

Should we abolish “Don’t ask, don’t tell,” he emphasizes, your Marine son, who needs to focus on winning the engagement and staying alive, could well face and would have to respond immediately to unwanted sexual advances from deviate members of the corps who could use war to get sex. Thus, instead of moving against the enemy, your comely lad would be distracted… even unto the ultimate sacrifice.

“I wonder who’s kissing him now.”

In 1909 America danced to and hummed along with a catchy Gilded Age pop tune, “I wonder who’s kissing her now.” This lilting waltz, with changed gender, now appears to be running through General Amos’ fetid mind:

“I wonder who’s kissing him now, I wonder who’s teaching him how? Wonder who’s looking into his eyes? Breathing sighs! Telling lies! I wonder if he’s got a boy? The boy who once filled me with joy, Wonder if he ever tells him of me? I wonder who’s kissing him now.”

Fascinated, revolted, the licentious scene is painfully clear to the general. As the enemy’s attacks intensify, as the enemy moves in, as your son’s full concentration is earnestly required… he has to fend off an amorous corpsman intent on nookie instead of self-protection… and victory. Oh, my.

Imagine, they sleep together. The general cannot forget.

The Marine Corps, unlike other services, houses a pair of people in a room, collegiate style. This, they say, promotes “unity.” Perhaps, as the general worries, too much so. Here’s what he said in November, 2010 in a statement that alerted the politically sensitive to the problem they faced in General Amos:

There is nothing more intimate than young men and young women and when you talk of infantry we re talking of our young men laying out, sleeping along side of one another and sharing death, fear and loss of brothers, General Amos said. I don t know what the effect of that will be on cohesion. I mean, that s what we re looking at. It s unit cohesion, it s combat effectiveness.

It’s buncombe.

The general says, and no doubt believes with all the power of the last pterodactyl, that men of a certain sexual orientation will during combat do things other than everything they can to stay alive. Does anyone else concur with this lapse of insight and intellect?

Let’s be clear: men, women, gay, straight during combat they will all focus on staying alive, then on achieving the objective. Sexual orientation does not change this truth one iota.

As a result, basing his case on a rancid fallacy, this general of antiquated views and big mouth lumbers on, embarrassing the president, the military establishment, and every thinking Marine; all of them with gay friends and colleagues and absolutely no problem serving with them worldwide.

Then what of General Amos? So newly installed, he has already committed political hara kiri, still walking and too much talking, but of no earthly consequence. The Marine Corps deserves better. Fortunately, in due course, as General Amos keeps talking, they will get it. For such a man with such views has besmirched Semper Fi. And that will never do.

About the AuthorHarvard-educated Dr. Jeffrey Lant is CEO of Worldprofit, Inc., where small and home-based businesses learn how to profit online. Attend Dr. Lant’s live webcast TODAY and receive 50,000 free guaranteed visitors to the website of your choice! Republished with author’s permission by Philip J. Sherman

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‘I wonder Who’s Kissing Him Now.’ Marine Commandant General James Amos’ Inconvenient Jeremiads On ‘Don’t Ask, Don’t Tell.’

Australian researchers confirm stress makes you sick
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Australian researchers confirm stress makes you sick

Wednesday, December 7, 2005

Australian researchers say they have scientifically proven that stress causes sickness. The Garvan Institute in Sydney has discovered that a hormone, known as neuropeptide Y, (NPY) is released into the body during times of stress. Their findings show the hormone can stop the immune system from functioning properly.

Neuropeptide Y is one of those hormones that gets unregulated or released from neurones when stressful situations occur…it’s known for example that it regulates blood pressure and heart rates so your heart rate goes up but it hasn’t been known that it actually can affect immune cells as well,” said Professor Herbert Herzog, one of the researchers.

Herzog feels it is good to finally have proof of something people have suspected for so long.

“Now we have proven without doubt that there is a direct link and that stress can weaken the immune system and that makes you more vulnerable when you for example have a cold or flu and even in the more serious situations such as cancer can be enhanced in these situations,” said Herzog.

The Garvan Institute study centres on two key events that enable the human body to recognise foreign substances and control invaders. When our body encounters a pathogen (bacteria and viruses), the immune cells retain and interrogate suspects. Their activation is made possible by NPY. These cells then return to the lymph nodes, which are found all over the body, with information about the foreign invaders. The lymph nodes are where decisions about defence are made.

“Most of us expect to come down with a cold or other illness when we are under pressure, but until now we have mostly had circumstantial evidence for a link between the brain and the immune system,” said lead Garvan researcher, associate Professor Fabienne Mackay. “During periods of stress, nerves release a lot of NPY and it gets into the bloodstream, where it directly impacts on the cells in the immune system that look out for and destroy pathogens (bacteria and viruses) in the body.”

In the case of bacteria and viruses, TH1 cells are part of the attack team that is sent out on the ‘search and destroy’ mission. But when their job is done they need to be turned ‘off’ and the immune system reset. The same hormone, NPY, that activates the sentry cells now prompts the TH1 cells to slow down and die.

“Under normal conditions, circulating immune cells produce small amounts of NPY, which enables the immune cells on sentry duty and the TH1 immune cells to operate – it’s a yin and yang kind of situation. But too much NPY means that the TH1 attack is prevented despite the foreign invaders being identified – and this is what happens during stress,” added McKay.

The impact of stress on the body has been observed in athletes. Ph. D researcher at the University of Queensland, Luke Spence, together with the Australian Institute of Sport, studied elite and recreational athletes over five months.

They found elite athletes were more susceptible to respiratory diseases under stress.

“A lot of elite athletes put themselves through vast amounts of physical stress in their training, but also their emotional, psychological stress of feeling the pressure of Australia on their shoulders, wanting to compete and wanting to do their best,” said Spence.

It’s not just athletes who are prone to stress. Pressures at work and at home may cause emotional and mental stress that can be equally damaging. Almost a third of all work absenteeism in Australia is due to illness, costing employers over $10 billion a year.

“I think it has a huge impact for the work force and also for employers – if their employees are constantly stressed, constantly under pressure, they are more likely to get sick,” Spence said.

Further research could lead to the development of new drugs which may inhibit the action of the neuropeptide Y hormone.

Herzog warns people to minimise stress before it becomes a problem.

“Relaxation methods like yoga will help you to prevent that but there will still be people out there that are not responding to that and treatment by interfering with the system will be important,” he said. “There’s obviously some time until such a treatment will be available but this is something we will definitely work towards.”

The Garvan research will be published in the Journal of Experimental Medicine, Volume 202, No. 11.

Wikipedia founder embroiled in affair and financial allegations
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Wikipedia founder embroiled in affair and financial allegations

Wednesday, March 5, 2008

This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation.

The implosion of a relationship between Wikipedia founder Jimmy Wales and journalist Rachel Marsden has resulted in controversy and international headlines. Associated Press and ABC News have also reported on questionable activity by Wales involving Wikimedia Foundation expenses. The Wikimedia Foundation is a donor-supported non-profit organization which runs Wikipedia.

Marsden had contacted Wales two years ago about concerns she had over the article about her on Wikipedia, and Wales determined the article was not compliant with Wikipedia’s standards. The tech blog Valleywag revealed Wales had a personal relationship with Marsden, and posted supposed transcripts of their instant message conversations on its site, www.valleywag.com. Wales and Marsden met in February, and The Times reported that “An apparent transcript of their conversations before that meeting suggests that, although Mr Wales had withdrawn from the editing process, he was still influencing the editors.” The Times quoted Wales from the chat logs as having stated to Marsden “The truth is of course a much worse conflict of interest than that; but that will do.” — in reference to his conflict of interest regarding Marsden’s article on Wikipedia.

Wales posted a public statement on Saturday on Wikipedia addressing the matter, and stated that his relationship with Marsden was over: “First, while I find it hard to imagine that anyone really cares about my sex life, the facts are: I am separated from my wife. I considered myself single at the time of my one meeting with Rachel Marsden on Feb. 9, 2008 … I am no longer involved with Rachel Marsden. Gossipy stories suggesting that I have been in a relationship with her ‘since last fall’ are completely false … I care deeply about the integrity of Wikipedia, and take very seriously my responsibilities as a member of the board and as a member of the Wikipedia community. I would never knowingly do anything to compromise that trust.” With regard to the conflict of interest in Marsden’s article, Wales had acknowledged to a team of Wikipedia editors in February 2008 that he and Marsden “became friends … and that we would be meeting about that,” and stated “I recused myself from any further official action with respect to her biography.”

On Sunday, The Canadian Press reported that Marsden had posted photos of herself on Ebay, and was selling items that Wales had left at her New York City apartment. In her Ebay posting, Marsden stated: “Hi, my name is Rachel and my (now ex-) boyfriend, Wikipedia founder Jimmy Wales, just broke up with me via an announcement on Wikipedia … It was such a classy move that I was inspired to do something equally classy myself, so I’m selling a couple of items of clothing he left behind, here in my NYC apartment, on eBay. Jimbo was supposed to come visit me in a couple of weeks and pick up some of his stuff, but obviously that won’t be happening now.” Marsden told The Canadian Press “It didn’t really help matters that Jimmy chose to announce the breakup to the entire world via Wikipedia (which apparently now is an online encyclopedia that doubles as a personal soapbox?) rather than to me directly (which he did much later, in an instant message discussion).”

I care deeply about the integrity of Wikipedia, and take very seriously my responsibilities as a member of the board and as a member of the Wikipedia community. I would never knowingly do anything to compromise that trust.

Marsden placed a t-shirt and sweater which she said were left at her apartment by Wales up on Ebay, and started the bidding for each at ninety-nine cents, with the auctions set to end on March 12. By Monday, bidding on the t-shirt had reached US$300, and by Tuesday the highest bid had reached $12,200. In an email to The Globe and Mail, Marsden stated “My only focus right now, to be really honest, is on my career and finding a way to get back into print, TV, or radio here in NYC,” she wrote. “All of this other personal stuff is just an unfortunate distraction.”

Jay Walsh, the Wikimedia Foundation’s head of communications, told the San Jose Mercury News that Wales’ actions in relaying Marsden’s concerns about her Wikipedia article to a team of trusted editors was within his “routine” role. When asked by the San Jose Mercury News if Wales’ actions regarding the Marsden article could compromise his role with the Wikimedia Foundation and Wikipedia, Walsh responded “No, absolutely not.”

On Tuesday, ABC News carried a story by Wired News reporter Megan McCarthy regarding allegations of “excessive spending” by Wales, and Associated Press also reported on questions involving Wikimedia Foundation expenses. McCarthy reported that former Wikimedia executive Danny Wool, who had left the foundation last year, criticized Wales’ use of Wikimedia Foundation expenses in a blog post. Wool stated that Wales had tried to expense $300 bottles of wine, a $1,300 dinner for four at a Florida steakhouse, and visits to Moscow massage parlors to the foundation, and that the foundation rescinded Wales’ corporate credit card in 2006. Wool also stated that Wales paid the foundation $7,000, after being short $30,000 on receipts for expenses.

Wool told EPICENTER that “There were occasions where he used [the Wikimedia Foundation] for personal advancement under the guide [sic] of the mission. And, as someone who was in there for the mission part of it, I found that rather distressful.” Wool commented in an interview with the San Francisco Chronicle: “Originally, it was carelessness … But as things developed, it became more apparent and obvious that he was taking advantage of the foundation credit card. It was almost like his personal piggy bank.”

Jimmy has never used Wikimedia money to subsidize his personal expenditures. Indeed, he has consistently put the foundation’s interests ahead of his own.

In an instant message exchange with Associated Press, Wales denied that the Wikimedia Foundation had taken away his corporate credit card, and asserted that he had made the decision to stop expensing business travel for the foundation. Wales highlighted a statement by the foundation’s executive director Sue Gardner: “Jimmy has never used Wikimedia money to subsidize his personal expenditures. Indeed, he has consistently put the foundation’s interests ahead of his own.” In an email to Associated Press, Brad Patrick, a former attorney for the Wikimedia Foundation, stated “Danny seems interested in blogging his way straight to a lawsuit”.

Florence Devouard, who chairs the Wikimedia Foundation, told Associated Press that Wales had been “slow in submitting receipts,” and that the foundation had rejected Wales’ expense at the Florida steakhouse. Devouard told fellow foundation board members in a private email that she had convinced Associated Press that “the money story was a no story,” and told Wales “I find (it) tiring to see how you are constantly trying to rewrite the past. Get a grip!” Wales told Associated Press: “The board, the current executive director, the previous executive director, and independent auditors have reviewed our books and publicly agree that all of my expenses were appropriate and fully accounted for.”

Media reports speculated on how the controversy would end up being represented in Wikipedia itself. On Wednesday, the St. Petersburg Times wrote: “Wales’ Wikipedia page said only this about Marsden: ‘Wales had a brief relationship with Canadian journalist Rachel Marsden.'” An article in The Australian surmised: “History will decide whether Mr Wales broke his own principles, but before that happens there may well be a Wikipedia page devoted to the controversy.”

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