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Monday, June 1, 2009

In a televised speech from the White House at 16:00 UTC today, President of the United States Barack Obama presented a reorganization plan following the 12:00 UTC announcement by General Motors that it had filed for bankruptcy and Chapter 11 protection from its creditors, the largest bankruptcy of a U.S. manufacturing company.

Describing the problem with the company as one that had been “decades in the making,” Obama explained the rationale behind his proposed reorganization plan for General Motors. He stated that his intent was not to “perpetuat[e] the bad business decisions of the past,” and that loaning General Motors money, when debt was its problem, would have been doing exactly that. His plan, he stated, was for the United States government, in conjunction with the governments of Canada and Ontario (which he thanked for their roles alongside the government of Germany which he thanked for its role in selling a corporate stake in GM Europe), to become shareholders in General Motors. The United States government would hold a 60% stake. The government will give GM a capital infusion of US$30 billion in addition to the funds it has already received.

Of the government ownership he stated that he refused “to let General Motors and Chrysler become wards of the state”, and described the bankruptcy of Chrysler, and the bankruptcy of General Motors that he envisioned as being “quick, surgical, bankruptcies”. He pointed to the bankruptcy of Chrysler as an example of what he envision for General Motors, but stated that General Motors was a “more complex company” than Chrysler.

Responding to challenges voiced by political opponents, before the speech, that the federal government would actively participate in the affairs of the restructured company, he stated that he had “no interest” in running GM, and that the federal government would “refrain from exercising its rights” as a corporate shareholder for the most part. In particular, he stated that the federal government would not exercise its rights as a shareholder to dictate “what new type of car to make.” He stated that he expected the restructured GM to make “high quality, safe, and fuel-efficient cars of tomorrow,” and several times described what he anticipated as “better” and “fuel-efficient” cars, after a streamlining of GM’s brands.

He said to the general public that “I will not pretend that the hard times are over.” He described the financial hardship that some — shareholders, communities based around GM plants, GM dealers, and others — would undergo as a “sacrifice for the next generation” on their parts, so that their children could live in “an America that still makes things,” concluding that one day the United States might return to a time when the maxim (a widely-repeated mis-quotation of what Charles Erwin Wilson once testified before the U.S. Senate when nominated for the position of Secretary of Defense) would once more be true that “what is good for General Motors is good for the United States of America.”

Wednesday, February 15, 2006

The following are the medal results for the Fourth day of competition for the Winter Olympic Games in Torino, Italy. Further details of all the Winter Olympics action can be found at Olympic Winter Games 2006 on Wikipedia.

Results are courtesy of NBC, the IOC and are updated as necessary.

Thursday, October 22, 2020

2020 Melbourne Lord Mayor candidate Wayne Tseng answered some questions about his campaign for the upcoming election from Wikinews. The Lord Mayor election in the Australian city is scheduled to take place this week.

Tseng runs a firm called eTranslate, which helps software developers to make the software available to the users. In the candidate’s questionnaire, Tseng said eTranslate had led to him working with all three tiers of the government. He previously belonged to the Australian Liberal Party, but has left since then, to run for mayorship as an independent candidate.

Tseng is of Chinese descent, having moved to Australia with his parents from Vietnam. Graduated in Brisbane, Tseng received his PhD in Melbourne and has been living in the city, he told Wikinews. Tseng also formed Chinese Precinct Chamber of Commerce, an organisation responsible for many “community bond building initiatives”, the Lord Mayor candidate told Wikinews.

Tseng discussed his plans for leading Melbourne, recovering from COVID-19, and “Democracy 2.0” to ensure concerns of minorities in the city were also heard. Tseng also focused on the importance of the multi-culture aspect and talked about making Melbourne the capital of the aboriginals. Tseng also explained why he thinks Melbourne is poised to be a world city by 2030.

Tseng’s deputy Lord Mayor candidate Gricol Yang is a Commercial Banker and works for ANZ Banking Group.

Currently, Sally Capp is the Lord Mayor of Melbourne, the Victorian capital. Capp was elected as an interim Lord Mayor in mid-2018 after the former Lord Mayor Robert Doyle resigned from his position after sexual assault allegations. Doyle served as the Lord Mayor of Melbourne for almost a decade since 2008.

Wednesday, June 2, 2010

The Supreme Court in Lausanne, Switzerland has ruled that Texas hold ’em poker is a game of luck, rather than a game of skill. As a result, only casinos can host poker tournaments in Switzerland. Private games with friends, even where money is at stake, are still permitted under the ruling.

Poker tournaments had been growing in popularity in the country, with many events held in hotels and bars. Such venues do not have to pay the 50% tax on profits levied on licensed casinos, nor comply with regulations combating money laundering and gambling addiction. Poker is now categorised alongside roulette and slot machines, which as games of luck can only be played inside casinos. Mathematics, strategy, and bluffing were less important in determining the result than chance, said the judges, overturning a lower court ruling to the opposite effect, and disagreeing with the stance of the country’s Federal Gaming Commission.

Before the ruling, it had been estimated by the Swiss Federation of Casinos that there were about 100 unlicensed poker tournaments every weekend. A Swiss poker website, SwissPokerTour.ch, has described the result as “a black day for all amateur poker players in Switzerland.”

Thursday, October 4, 2007

Glenn Crowe is running for the NDP in the Ontario provincial election, in the Bramalea-Gore-Malton riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Crowe did not reply to various questions asked.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Tuesday, December 1, 2009

A four-year-old boy has been killed by a dog in the city of Liverpool in Merseyside, England. The child has been identified as John Paul Massey. The animal belonged to his uncle. The boy’s 63-year-old grandmother Helen Foulkes tried to protect the boy but ended up getting bitten by the dog in the process. She had to receive hospital treatment for the injury.

The dog itself was shot dead in the front garden of the house where the attack had taken place. The police had said that they did not take further action after receiving a report about dog breeding earlier this year.

Chief Superintendent Steve Ashley from the police force said about the incident: “In February this year a housing officer rang Merseyside Police to say they had received complaints of dog breeding at the address. At that time the police said it wasn’t a police matter and no action was taken by Merseyside Police.

That is contrary to our policies and an investigation is now launched into exactly what happened in February.”

Monday, September 5, 2005

Australia‘s Federal Minister for Health, Tony Abbott, has made a number of comments about the previous New South Wales Australian Liberal Party leader, John Brogden, who recently attempted suicide, which have been widely thought to be inappropriate.

Abbott is reported to have made comments such as “If we did that, we would be as dead as the former Liberal leader’s political prospects” and “Whenever you hear that David Clarke is doing bad things, you know he is really doing a great job”, referring to the factional leader claimed to have led the campaign against Brogden. The comments were made at a party function approximately twelve hours after Brogden’s suicide attempt. Abbott is also reported to have said “I just want to make it clear I have never told an inappropriate joke, I’ve never pinched a woman on the backside and I never make inappropriate gestures to women” at a Kenthurst Liberal Party branch meeting, in reference to Brogden’s reported behaviour at a function approximately two months ago.

There have been calls for Abbott to resign or be sacked by Prime Minister John Howard from some sectors, such as persons involved in mental health care, as well as the Federal Opposition. They claim that the comments show that Abbott is not mindful of mental health issues when they should be foremost in his mind.

The comments were first raised with Abbott by the ABC Insiders program yesterday. He confirmed that he had made the remarks and offered to apologize “if anyone is upset”, and later that day made such an apology. The extent of the apology was criticised in the House of Representatives in Federal Parliament that day, with Julia Gillard, the Shadow Health Minister, calling it “half-arsed” during debate on a motion to censure the minister for his comments. The motion was rejected as the Liberal/National coalition form Government federally.

There is suspicion that the tipoff about Abbott’s comments was made by a member of the left-wing faction of the Liberal party, of which Brogden was a member, as a form of payback against members of the right-wing faction, of which Tony Abbott is a member. The Liberal right are said to have been involved in the campaign against Brogden.