Thursday, May 11, 2006

The Australian House of Representatives heard the traditional right-of-reply to the Budget released May 9, from the Australian Labor Party, led by Kim Beazley (Labor, Brand), plus Budget replies from minor parties in the Australian Senate.

While the Budget is politically popular, having as one of its main features significant tax reform, Beazley focused on the omissions in the Budget, such as the failure to address a skills shortage.

Saturday, November 24, 2007

Bayern Munich beat Wolfsburg 2-1 to remain at the top of the Bundesliga table. Franck Ribery scored a goal and assisted on Miroslav Klose‘s goal as Bayern won for the 1^st time in 4 Bundesliga games.

Bayern Munich’s next game is against Sporting Braga in UEFA Cup action.

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Wednesday, March 2, 2005

Bucharest, Romania — The city centre of Bucharest, the capital of Romania, is set to get a major facelift due to a real estate project called Esplanada (The Esplanade), which will be constructed by TriGranit Development Corporation. The total investment in the project will be greater than 800 million euro and aims to build a modern commercial pedestrian area in downtown Bucharest, with several shopping malls, office buildings, hotels and dwellings. It will be the largest real estate program in Romania since the fall of Communism in 1989.

Bucharest is currently looking at possibilities to improve its appearance and rebrand itself as a lively, creative and vibrant city. Many initiatives have sprung up to improve the city, including the organisation of CowParade later this year. Additionally, the old town centre will be restored. Due to Romania’s current economic boom, several other major construction projects are taking place.

Bucharest City Hall has blocked traffic in the city center due both to the old town restoration and to the Esplanada project.

Wednesday, March 8, 2006

A small, single-engine plane crashed in the median of Interstate 75 near Holly, Michigan Tuesday afternoon. The crash site is located about 100 feet from the East Holly Road overpass, near Exit 98, with approximate geographical coordinates of 42.784283° N 83.535847° W.

The Piper model PA-28-180 aircraft crashed in the median during mid-afternoon local time, and slowed traffic when police and rescue teams were en route to the scene. According to local television station WEYI-TV, two passengers were aboard the plane, and did not sustain any large injuries.

According to the FAA database, the plane was manufactured in 1968, and was issued a license in 1970. The most recent owner according to the database is a flying school in Coldwater, Ohio.

Wednesday, April 1, 2009

According to the payroll services company ADP, United States private sector employers cut 742,000 jobs in in March. The figures were almost 80,000 more than the average analyst prediction of 663,000 losses. This is the largest monthly payroll decline since January 2001, when the ADP began tracking job activity.

ADP also updated its job loss statistics for February, from 697,000 to 706,000.

“The sharp employment declines among medium- and small-size businesses indicate that the recession continues to spread aggressively beyond manufacturing and housing-related activities to almost every area of the economy,” said Joel Prakken, the chairman of the company that conducts the ADP survey, Macroeconomic Advisors LLC.

“Despite some recent indications that stock prices, consumer spending, and housing activity may be bottoming out, employment, which usually trails overall economic activity, is likely to remain very weak for at least several more months,” he added.

The US Labor Department‘s report for employment statistics for March is due to be out on Friday. Analysts predicted that the department will announce the unemployment rate increased to 8.5% with 660,000 jobs eliminated in March. However, the bad news from ADP has prompted some to think that the current forecasts are too optimistic.

Tuesday, February 3, 2009

Sales of automobiles in the United States fell as much as 35% in January, compared to the same month a year ago, as manufacturers reported their January sales.

Ford Motor Company ^NYSE: F sales dropped 42% last month from the previous year. General Motors ^NYSE: GM reported a 49% decline. Chrysler was hardest hit among the domestically owned manufacturers with a plunge of 55%.

The decline in sales has not been limited to just US manufacturers. Japanese automaker Toyota ^NYSE: TM reported a 32% drop in US sales from a year earlier, Nissan Motors^{NASDAQ: NSANY} dropped 30%, and Honda ^NYSE: HMC sales dropped 28%.

Subaru and South Korean Hyundai Motor Company ^LSE: HYUD were two of the few auto firms that reported an increase in sales. They posted gains of eight and fourteen percent, respectively.

On an annual basis, sales overall have also been plummeting. Industry-wide US car sales dropped 18% last year to 13.2 million automobiles.

GM announced today that it will offer voluntary buyouts to 22,000 employees in the US, in an effort to reduce its expenditures.

Last month, GM and Chrysler were given loans worth US$17.4 billion from the government after they warned of imminent bankruptcy.

Thursday, July 8, 2010

An earthquake occurred on Wednesday evening in Southern California with a magnitude of 5.4. According to the United States Geological Survey, the earthquake occurred at 16:53 local time (2353 UTC). At least two dozen smaller aftershocks, none greater than a magnitude of 3.6, have struck the same area since the quake.

The earthquake occurred at a depth of 14 kilometers (8.7 miles), and the epicenter was located 20 kilometers Northwest of Borrego Springs; 23 kilometers Southeast of Anza; 33 kilometers Northeast of Lake Henshaw; and 94 kilometers to the northeast of San Diego.

There were no initial reports of any major damage. San Diego skyscrapers are reported to have swayed as a result of the earthquake.

Wikinews reporter Mike Morales, who was in the area at the time of the tremor, reported: “I remember it happened around five o’clock. It was nothing much, just a little rolling feeling.”

According to Kate Hutton of the California Institute of Technology, this earthquake was caused by an earlier quake in April with a magnitude of 7.2. Hutton says that “changes in the fault line” from April’s quake, caused today’s quake to occur. The April quake was centered in the southern Imperial Valley south of Mexicali, Mexico near the Colorado River.