Author: Admin

Saturday, October 20, 2007

Some say history tends to repeat itself. Today marked a day in history, when 20 years ago, the United States Dow Jones Industrial Average market crashed, on what is known as ‘Black Monday‘. The crash sent the market tumbling down 508 points, losing nearly 24%. On Friday, the Dow Jones nearly broke that record when the market closed at -366.94 points, down almost three percent.

Several factors could be to blame for the loss, one being Turkey’s government approving a measure on October 18 to send Turkish troops into Iraq in an attempt to take out militants of the Kurdistan Workers Party (PKK). This sent oil prices skyrocketing to the highest prices in history, with the highest record being just over US$89.00, which was set on October 18.

Fears that the housing market in the U.S. has come to a standstill has also lead Caterpillar Inc., which manufactures and sells construction equipment to issue a warning that the standstill would cause profits to drop, and the American economy to be severely hurt. On Friday their stocks lost nearly six percent to close at $73.57.

Investors and experts of the markets are disturbed by the losses calling the situation ugly.

“It’s pretty ugly. A company like Caterpillar should be a poster child for global growth and benefits of the weak dollar. It makes you question: Is global growth really that strong? Has the earnings kick from the weak dollar played itself out?” said Bell Curve Trading chief strategy expert, Bill Strazzullo.

Others believe that the losses were a way of emotionally responding to the events of ‘Black Monday.’

“Some of the earnings reports were a little disappointing but not that bad. I think we’re responding emotionally to the 20th anniversary of the October 1987 stock market crash. I’d like to laugh except it hurts,” said T Rowe Price Head trader, Andy Brooks.

The NASDAQ also took heavy losses to close down 74.15 points or -2.64%, closing at 2,725.16. The S&P 500 was also hit hard, losing 39.45 points, or -2.56%, closing at 1,500.63.

Sunday, January 3, 2010

At least sixty people have been confirmed dead after mudslides in southeastern Brazil, mostly on Ilha Grande, caused by torrential rainfall.

Rescue efforts are still continuing in the state of Rio de Janeiro for people feared to be buried under houses, which collapsed due to the deluge of mud and rain. Rescuers used shovels and heavy machinery to dig through the rubble.

Colonel Jerri Andrade, who is supervising the rescuers, commented on the current status of rescue efforts. “The weather is improving, which helps us with the search, but we won’t rest as long as we suspect that there are more bodies underneath the remains.”

More rain is forecast in the days ahead, making additional mudslides a possibility. The authorities have warned that the death toll could increase as more bodies are found. Three days of mourning were declared in the Rio de Janeiro greater area, and celebrations scheduled for January 6 were called off.

Friday, December 23, 2005File:LSD blotter paper.jpg

Erowid, a website with the stated mission of “Documenting the Complex Relationship Between Humans & Psychoactives” has over the past few months been gathering data through a series of surveys about the drug LSD to present at the LSD Symposium, scheduled for January 2006 in Basel, Switzerland.

The website, a popular resource of information about psychoactive plants and chemicals, recently posted its fifth survey, querying users about their age, the number of times they’ve taken LSD and how that would be affected if LSD was legal. Past surveys have been longer and more thorough, asking users about the availability of the drug, positive and negative experiences, and if they’ve ever experienced LSD related “flashbacks”.

The LSD Symposium website states that it will include a panel of over sixty experts from around the world discussing a wide range of topics regarding LSD. Topics scheduled include, “The Discovery of LSD-25”, “Appraisal of Albert Hofmann’s life work” and “The History of Drug Policy” and several others.

LSD is a psychedelic drug known for its mind altering effects, including both visual and auditory hallucinations. LSD was first synthesized by Albert Hofmann in 1938. Hofmann, a Swiss chemist discovered the psychedelic effects of LSD on April 16, 1943 when he accidentally absorbed it in its liquid form through his finger tips. Since then, it has been made illegal in most countries as a result of the United Nations Convention on Psychotropic Substances which requires all parties of the convention to criminalize it in their countries.

Erowid, based in California, was created in October 1995, and is hailed by many as a reliable resource for information on drug and drug culture. The website includes information on legality issues, chemical information, user submitted experiences, positive and negative effects of individual drugs and other information.

• “The Vaults of Erowid” — Erowid, December 23, 2005
• “LSD Symposium” — Gaia Media Foundation, December 23, 2005

• “LSD” — Wikipedia, December 23, 2005

• “Albert Hofmann” — Wikipedia, December 23, 2005

Monday, October 27, 2008

United States Senator Ted Stevens of Alaska was convicted Monday on seven counts of failing to report gifts. Stevens, a senior United States Senator from Alaska and the longest serving Republican in the Senate, had been accused of not reporting tens of thousands of dollars worth of gifts from the VECO Corporation including free house remodeling. The jury in the District of Columbia found Stevens guilty on all seven counts.

Bill Allen, VECO’s CEO, is a longtime friend of Stevens and much of the case involved the specific interaction between Stevens and Allen. Allen had been previously convicted and had agreed to testify against Stevens and to record conversations he had with Stevens. The gifts given to Stevens included a massage chair that Stevens claimed was a loan but prosecutors noted was in Stevens house for over seven years.

Stevens is up for reelection and was facing a tough reelection bid before the convictions. It is unlikely that Stevens will retain his seat in the Senate given the convictions.

Stevens is considered to be a moderate Republican and was a member of the Republican Main Street Partnership. While a long-time Senator with many accomplishments, Stevens is known to many for a speech against net neutrality in which he referred to the internet as a series of tubes.

The New York Times has speculated that out-going United States President George W. Bush might pardon Stevens.

Saturday, April 30, 2005

The British Food Standards Agency (FSA) has announced a recall of foods containing banned dyes which increase the risk of cancer. The food products were sold at the Tesco, Waitrose, and Somerfield supermarkets.

A Bristol company called “Barts Spices” found the illegal Para Red substance in their Barts Ground Paprika, which was sold in 48g and 46g jars with a “Co-op” label. The batch codes on the affected products are 5032 and 5089 (expiration Dec 2007), and 5075 (expiration February 2007).

Tesco also found that their 130g package of BBQ rice cakes (expiration November and December 2005) contained both Para Red and Sudan I.

“It would be very prudent to assume that it could be a genotoxic carcinogen,” FSA scientific advisers told reporters.

“As a company committed to supplying only the very finest quality food ingredients, we took the immediate decision to withdraw our ground paprika spice from all outlets selling the product and advertised a product recall in the national press,” a Barts Spices spokesman said in a statement.

Sudan I is only authorized for industrial use to colorize petroleum products, such as shoe polish. Para Red and Sudan I are banned under the British Colours in Food Regulations of 1995.

Britain last went through a major food recall in February, when Worcester Sauce was found to contain chili powder dyed with Sudan 1.

Monday, November 2, 2020

The following is the sixth and final edition of a monthly series chronicling the 2020 United States presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

This month’s spotlight on the campaign trail: the Free and Equal Elections Foundation holds two presidential debates, three candidates who did not participate in those debates give their final pleas to voters, and three political pundits give their predictions on the outcome of the election.

Friday, August 18, 2006

Irish firm Steorn has placed an advertisement in The Economist magazine asking for 12 scientists to test their “free energy” invention.

The Dublin based firm, founded in 2000, says it has developed technology that takes a small amount of mechanical energy and returns a bigger amount, using magnetic fields. The company’s Chief Executive, Sean McCarthy, said that they discovered the technology whilst working on generators for wind turbines used to power CCTV cameras.

The company has asked for 12 physicists to help them rigorously test their invention to prove, one way or the other, whether it works as they say it does. McCarthy claims that the vast majority of the scientists they’ve directly invited to test their device have refused, which is why they’ve resorted to the advertisement.

“Free energy” is a perennial claim of con artists and inventors, one that science has constantly battled with. The idea that a small amount of energy can return a bigger amount without drawing it from somewhere breaks the basic laws of physics, specifically the laws of thermodynamics. One common claim of the free energy ‘inventor’ is that the scientific community, the government, etc. needs to publicly verify the machine works before the inventor will sell it. The logic of this is flawed, as the device would be an instant cash cow. The inventor would be able to power his home, car, and be able to sell the energy produced to others at the market price. Devices that are claimed to exhibit this behaviour are known as perpetual motion machines. The average person’s knowledge of science (or lack thereof) is a popular weak point to exploit for con men.