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Thursday, March 4, 2010

Pichilemu, Chile – Last Saturday, Chile was hit by a 8.8 earthquake. Many coastal towns were also hit by a tsunami, and Pichilemu was one of them. Its inhabitants were surprised by the giant waves that destroyed the most of the costanera and that reached the city square.

Pichilemu, that means in Mapudungun language small forest, is one of the most famous Chilean resort towns in the central zone of Chile. It is recurrently visited by surfers from all the world, because the Punta de Lobos beach is considered one of the best for surf practice worldwide.

Central Pichilemu was not severely damaged by the earthquake, but the tsunami caused significant destruction. The Fishermen Creek, located in front of the beach, was completely destroyed, and its machines are now unusable. Most of the Agustín Ross architecture that characterized the city, three of them being National Monuments of Chile, were damaged. The Agustín Ross Mirador, a famous location in front of the beach, located less than 200 meters from the Fisherman Creek, was completely destroyed. Its famous balustrades were washed away or thrown asunder. Many restaurants, kiosks and a circus were affected by the tsunami.

The rural parts of Pichilemu, like Ciruelos, Rodeillo and Espinillo feature houses constructed from adobe. Many were more than 100-years old, and were destroyed or are now uninhabitable.

The most powerful aftershock was produced almost 40 kilometers in front of the coast of Pichilemu, at the 03:10 local time (07:10 UTC) in March 2, with an intensity of 5.5 in the Richter scale, according to the USGS.

The Intendant of the O’Higgins Region, Juan Núñez, had a meeting with the Governor of the Cardenal Caro Province, Loreto Puebla, the Mayor of Pichilemu, Roberto Córdova, and naval and military authorities, juntas de vecinos representatives. They decided to leave the Carabineros police force to maintain the security of the city.

Sunday, January 13, 2013

The United States Federal Aviation Administration (FAA) ordered a review Friday into the design and manufacture of the Boeing 787 Dreamliner, following five incidents in five days involving the aircraft and two Japanese airlines.

On Monday, an electrical fire broke out aboard a Japan Airlines 787 at Boston’s Logan International Airport, when a battery pack which powers the auxiliary power unit, for when the plane is on the ground, caught fire. The fire was discovered by maintenance workers after passengers and crew disembarked following their flight from Tokyo’s Narita Airport.

The next day, a separate Japan Airlines 787, also at Logan International Airport, heading to Tokyo, suffered a fuel leak that spilled around 40 gallons, which was spotted by the crew of the aircraft taxiing behind them. “That Japan Air may know it, but they’ve got fuel or something spilling out the outboard left wing. Quite a bit,” said the pilot of aircraft behind them on local air traffic control frequencies.

Wednesday, in Japan, an All Nippon Airways 787, the launch customer for the aircraft, cancelled a flight after a brake problem was reported.

Earlier Friday, two All Nippon Airways suffered separate incidents in Japan. An oil leak was noticed in the engine after one aircraft had landed in Miyazaki, coming from Tokyo’s Haneda Airport. Another flight, flying between Haneda Airport and Matsuyama said the pilot’s side window in the cockpit suffered a crack.

The FAA in a statement said “In light of a series of recent events, the FAA will conduct a comprehensive review of the Boeing 787 critical systems, including the design, manufacture and assembly.” Further adding, “The purpose of the review is to validate the work conducted during the certification process and further ensure that the aircraft meets the FAA’s high level of safety.”

According to the statement, “The review will also examine how the electrical and mechanical systems interact with each other.” The Boeing 787 relies more on electrical, as opposed to mechanical, systems than past aircraft from the manufacturer including having electronics operate hydraulic pumps and using electric brakes. Large portions of the plane’s structure use lightweight carbon fiber composite instead of more traditional metal airframe.

U.S. Transportation Secretary Ray LaHood said, “The safety of the traveling public is our top priority […] This review will help us look at the root causes and do everything we can to safeguard against similar events in the future.”

“We are confident that the aircraft is safe. But we need to have a complete understanding of what is happening,” said newly sworn-in FAA Administrator Michael P. Huerta. “We are conducting the review to further ensure that the aircraft meets our high safety standards.”

Boeing released a statement saying, “[The company] is confident in the design and performance of the 787. It is a safe and efficient airplane. The airplane has logged 50,000 hours of flight and there are more than 150 flights occurring daily.”

Friday, September 14, 2007

British bank Northern Rock received emergency loans from the Bank of England yesterday, as it felt the effects of the financial crisis originating in the U.S. subprime mortgage market. Queues formed outside branches as many customers sought to withdraw their savings, and shares fell heavily.

Northern Rock, based in Newcastle, is one of the UK’s largest mortgage lenders, with total assets and loans of £113 billion. Pressure has grown on the bank as other institutions have become less willing to buy mortgage debt, following the American subprime crisis.

The support from the central bank was authorised by the Government and the Financial Services Authority, following assurances that the problems were temporary and the bank remained solvent. Some current mortgages are being used as collateral. The lending is an “unlimited” facility, at an interest rate higher than the base rate. Chancellor of the Exchequer Alistair Darling, speaking on Radio 4’s Today programme, encouraged customers to carry on as normal, stating that “Northern Rock will be able to carry on its business”.

Northern Rock chief executive Adam Applegarth also called for calm, but customers were seen queuing outside branches across the country to withdraw money. It is reported that the company website also crashed under the demand.

Shares in the bank fell 31.5% on Friday, down almost 60% from their highest value this year. Applegarth admitted that profits would be hit, but stated that the bank would adapt to the changes. Shares in other lenders also fell, with Paragon being the most extreme, dropping almost 17%. The FTSE 100 closed down 1.17% (74 points) following a recovery in the afternoon.

The last time the Bank of England acted as “lender of last resort” in this way was in 1973, after the collapse of Cedar Holdings.

Thursday, April 17, 2008

2008 Computex Taipei (a.k.a Taipei International Information Technology Show), the second largest IT show in the world, will start on June 3 to 7 at the TWTC Hall 1 & 3, Taipei International Convention Center (TICC), and TWTC Nangang, in conjunction with 2008 WiMAX Expo Taipei, which will start earlier at the Taipei Show Hall 2. With two IT-related industry shows will be concurrently showcased in different venues, it will bring on many convergences and opportunities for networking and mobile-related industries worldwide including Taiwan.

Since the Taipei Computer Association, Ministry of Economic Affairs (MOEA), and Industrial Technology Research Institute preliminary imported the “WiMAX Forum Showcase & Conference” into the TICC, WiMAX-related topics were mostly focused by several worldwide media and industrial elites. In extremity, some technologies and solutions like eSNG, wireless medical care, wireless transmission, and mobile entertainment were showcased there. And the MOEA also signed MOUs with 5 world-class WiMAX companies to help the networking industry last year in Taiwan.

Even though the signing of MOUs and new technologies will bring opportunities for WiMAX-related industries, and the mobile devices will be progressively popular in the future and more slim like an UMPC, but some companies from information security industry were worried about the future trend because of invisible threats on the Internet.

As of “Asia-pacific IT Security Forum” and “IT Security Pavilion” of SecuTech Expo 2008, there were several changes on participation from IT industry, but due to a major impact of “Edison Chen’s photo scandal“, several crisis were exposed with improper habits on modern people when using the Internet.

It’s a real deal that the WiMAX will bring different kind profits and benefits for different industries, but before the WiMAX became the trend, if Internet users didn’t cultivate proper habits on using the Internet, the WiMAX will still bring on threats for end-users and industries.

Monday, May 22, 2006

Luxembourg’s largest steel company Arcelor is ready to study Mittal Steel‘s improved takeover offer, the former said on Sunday, opening the door to possible talks with Indian steel magnate Laxminivas Mittal. Arcelor Chairman Joseph Kinsch told reporters after a meeting of Arcelor’s board that the company’s directors would be ready to examine the details of Mittal’s latest offer once it has been approved by the CSSF (Luxembourg’s financial regulatory body).

Until Sunday, Arcelor, the world’s second-largest steel company, had firmly rejected world-leader Mittal’s bid to take the former company over and form a global steel giant. The softening of Arcelor’s stance comes after Mittal Steel raised its hostile cash-and-equity bid by a third on Friday and dropped a key demand for family control over the combined entity.

Media reports had suggested that Arcelor was trying to find another company to rescue it from being taken over by Mittal Steel. Possible candidates included Russian tycoon Vladimir Lisin and Russia’s Magnitogorsk Iron & Steel Works (MMK). Mittal’s move on Friday came after the value of its initial offer fell more than 10 percent behind the market worth of Arcelor, as the latter announced a buyback of its own shares at above-market prices to ward off Mittal Steel.

Laxminivas Mittal, who has hinted that the bitter takeover battle might have a hint of racism involved in it, told the French newspaper La Tribune that he was sure that the attractive nature of his revised offer would enable him to obtain over 50% of the Arcelor shares. He added that he was of the opinion that the involvement of a Russian third party would not be in the best interests of Arcelor’s shareholders.

Wednesday, July 2, 2008

A Palestinian from Jerusalem today killed three and injured dozens by driving a front-end loader into a passenger bus. The incident occurred today at noon local time.

The father of the attacker told press that he did not know of his son’s plans. “My son never spoke of plans to carry out such an attack, if he had I would have tried to prevent it,” he told The Media Line before he was questioned by police.

Local police have stated that the incident was an act of terrorism. “There is no doubt at all that this was a terrorist attack,” said a police spokesperson, speaking to media on the scene of the attack.

Jabr Duwait, the perpetrator of the attack was shot and killed on site by local police in the minutes after the officials arrived on the scene.

The incident occurred on Jaffa Road, which is one of the longest roads in Jerusalem.

Saturday, March 15, 2008

There were 5 games played in the National Hockey League on March 14, 2008.

Monday, March 8, 2010

The skeletal remains of 14-year-old Escondido, California teenager Amber Dubois were found north of the Pala Indian Reservation Saturday morning, police said. Dubois disappeared February 13, 2009 while walking to Escondido High School. The San Diego County Medical Examiner’s office made a positive identification through dental records.

According to Escondido Police Chief Jim Maher, police were following a lead when they came across the remains. Maher declined to say what the lead was or to describe in detail the site where the remains were found. He also refused to reveal whether John Albert Gardner III, suspect in the murder of Chelsea King, is being linked to the Dubois case.

Amber’s father, Maurice Dubois, made a statement thanking those who had helped in the search for Amber. “The entire community, everybody who helped out with the search effort, and above all our huge volunteer corps, they are the most dedicated people and without them we couldn’t have done anything,” he said.

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.