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Tuesday, November 11, 2008

Yesterday, Latvia’s government took over Parex Bank, the second largest bank in Latvia. A 51% stake in the bank was taken for a nominal fee. Control of the bank is to be passed to Latvijas Hipot?ku Banka (Mortgage and Land Bank), which is state-controlled.

The deal was first announced on Saturday, and an agreement was signed yesterday. The arrangement reflects similar bank takeovers by other governments across the world, in response to the current banking crisis.A Reuters report yesterday quoted board member Liga Purina as saying that withdrawals are above average, though there are few queues.

The action comes in the wake of Parex admitting to financial difficulties. Until this move, the biggest shareholders were the chairman, Val?rijs Kargins, and Viktors Krasovickis. Parex Bank operates in 14 countries, including Sweden, Estonia and Germany, and is the largest locally-owned Latvian bank.

Monday, October 9, 2017

After killing 30 people on a rampage through Honduras, Costa Rica, El Salvador, and Nicaragua and dumping rain on the Yucatan in Mexico, Hurricane Nate reached the U.S. states of Louisiana and Mississippi on the north shore of the Gulf of Mexico on Saturday night. The National Hurricane Center (NHC) downgraded Nate to a tropical storm on Sunday morning. A state of emergency was declared parts of Louisiana, which saw damage from the significantly more intense Hurricane Harvey earlier this year; Alabama; Florida; and Mississippi.

Nate made its first U.S. landfall on Saturday night, bringing winds of 85 miles per hour (134 kph) and considerable storm surge to the mouth of the Mississippi River. By Sunday morning, these had declined to 35 miles per hour (56 kph). Tens of thousands of households in Mississippi, Alabama, and Louisiana were without power.

In contrast, when Nate made its way across Latin America, dozens of people died. Some 400,000 Costa Ricans lost access to safe drinking water. All train travel and a great deal of air travel halted, and many national parks closed. Landslides trapped travelers in a dangerous road segment nicknamed “the Mountain of Death” on the Inter-American Highway, and the high water of the Tárcoles River raised concerns about crocodile attacks.

“We were well aware that this could’ve been a much more serious storm. There was talk of it being a Category 2 with an 11-feet tidal surge when it came ashore. It did not — happily — it did not live up to that billing,” said Vincent Creel, public affairs manager for Biloxi, Mississippi, near which Nate made its second U.S. landfall.

The storm had been expected to move further west, and some evacuations were recommended in the New Orleans area in preparation. Many of the ports on the U.S. Gulf Coast were closed to shipping. In one way, Nate is having a more pronounced effect than Harvey: production of oil and natural gas is a fraction of normal levels as workers evacuated oil rigs and platforms.

The NHC forecast the storm to continue north and east, losing intensity as it moves inland.

“Our great team at FEMA [Federal Emergency Management Agency] is prepared for #HurricaneNate. Everyone in LA [Lousiana], MS [Mississippi], AL [Alabama] and FL [Florida] please listen to your local authorities and be safe!” tweeted President Donald Trump.

This is the fourth major hurricane to hit U.S. territory since summer, after Harvey, Irma, and Maria.

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Tuesday, March 22, 2005

Los Angeles, California — Four of six national television broadcast networks recently wooed potential advertisers for the 2005-2006 season with programming offerings in the new development phase. These included NBC, Fox, ABC and The WB. Two other networks, CBS and UPN, plan to preview their offerings March 24.

After four years of focusing on high-profile reality television, network executives are turning to the past for inspiration on scripted series. Some networks said they are “more consciously aggressive about developing shows” that recall such classics as Taxi and Barney Miller, Craig Erwich, a programming executive for Fox, told USA Today. In the same report, Kevin Reilly, NBC entertainment chief said, “I don’t think the answer has to be that it’s groundbreaking or something you’ve never seen before.”

But at least one ad buyer had reservations about the rear-view mirror technique. “Every network seems to be looking back rather than forward for programming ideas. The reminiscence factor may be good if you are looking for an older audience, but it may not be a way to bring in the younger audiences,” Laura Caraccioli-Davis, senior vice president and director of Starcom Entertainment told Mediaweek magazine.

Friday, April 4, 2008

The Alaska Volcano Observatory (AVO) reported today a “significant explosive event” had occurred at Mount Redoubt in Alaska. Lightning was observed within an ash cloud that formed over the volcano. As a result the AVO raised the alert level to ‘warning’ and level ‘red’ for aviation. The event occurred at 6:00 a.m. (AKDT).

According to the Observatory, seismic activity caused a major lahar, similar to a mudslide or landslide, to occur in the Drift River Valley. Inhabitants of the Valley were advised to seek high ground and take immediate precautions against flooding. So far there are no reports of injuries or evacuations. Wikinews has e-mailed the AVO for a statement regarding the event, but has yet to receive a reply.

“Strong, but diminishing seismic activity is continuing as of 07:35 AKDT,” said the AVO on its website. At 9:18 a.m., the AVO reported that the event had ended. “Continuing seismic activity and web camera images indicate that low level emissions of steam, gas, and some volcanic ash are continuing to be emitted at the volcano at altitudes of [20,000 feet].” The AVO is sending a team to investigate the latest eruption which will include a fly-over to take readings on the gases being emitted.

The explosion sent volcanic ash which spread to “Homer, Anchor Point, and Seldovia” to an altitude of over 50,000 feet. The National Oceanic and Atmospheric Administration (NOAA) has issued an advisory stating that ash fall can be expected from “Ninilchik Southward through mid morning.” The advisory is scheduled to end at 10:00 a.m. (AKDT).

As a result of recent eruptions at Redoubt, half of the 6 million gallons of crude oil stored in the Drift Valley will be removed to a safer location. There is no word on when the move will take place. The storage facility is located just 22 miles from Redoubt.

Sunday, August 26, 2007

A one-inch settlement of the roof of The Bay tunnel to the Montreal Metro caused authorities to evacuate 12 blocks of the Montreal downtown core.

Several people noticed water infiltration in the tunnel over the last few days. On Friday, August 24, at 1 p.m., while investigating another water infiltration incident, The Bay employees noticed that the ceiling of the tunnel portion of The Bay’s basement sales area had descended one inch over a 7 meter length. They subsequently called police. The police and firefighters evacuated the basement of the downtown Bay store. The police closed de Maisonneuve Boulevard from Aylmer Street to Union Street, over the area of the crack.

At 4 p.m., firefighters evacuated the Parkade Montreal Building and The Bay Department Store after finding pieces of concrete falling from the Parkade Montreal structure, a multi-story carpark with five levels of offices on top. They also evacuated the downtown portion of the Line 1 / Green Line of the Montreal Metro subway, from Lionel-Groulx to Berri-UQAM stations, and evacuated the McGill metro station, which is situated below The Bay tunnel. After consulting with city engineers, Centre 2001, the loading dock of the Bay and its Hertz car rental agency, Les Promenades Cathedrale underground shopping centre and office tower, and a neighbouring office tower to the Parkade were also evacuated. Police cordoned off an area from Bleury Street in the east to University Street in the west, and from Ste-Catherine Street in the south to President Kennedy Street to the north.

The closure of the Metro caused havoc to the Friday afternoon rush hour, as over 40,000 people regularly use the Green Line (Line 1) every day. Montreal Transit Corporation workers issued directions during the day, though some may not have been informed of a provisionary bus service to replace the lost subway service. Loudspeakers announced that commuters should use the unaffected Orange Line (Line 2), which has lines between 5 and 10 blocks south of Line 1 (Green Line), and also connects to Lionel-Groulx and Berri-UQAM stations.

The downtown area is intended to remain closed for at least the weekend, along with portions of the underground city, or RESO. The tunnel was built in 1966. For the last few days, city work crews have been working above the slab in question, digging a one meter trench to install a median and segregate a new bike path on de Maisonneuve Boulevard. The tunnel roof lies five meters below street level.

Residents of Montreal are frustrated with the crumbling infrastructure in and around the city, including the collapse of the de la Concorde Boulevard overpass over Autoroute 19 expressway last year, the shattering of a column holding up the Autoroute 720 Ville Marie elevated expressway last month, and other incidents.

Wednesday, July 5, 2006

The Ministry of Defence has named a British soldier from the 3 Para Battle Group who died while on patrol in Afghanistan’s Helmand Province.

The soldier, 19 year-old Private Damien Raymond Jackson, of South Shields, Tyne and Wear, came under fire from Taliban forces in the town of Sangin. He died while being given treatment.

His father, Daniel Jackson said: “I wish everyone to know just how extremely proud I am of my son Damien – of all that he has achieved in his lifetime and of the fact that he died, when duty called, protecting others, in the service of his country.

“A fine, upstanding South Shields lad, Damien was immensely proud to have achieved his ultimate ambition in becoming a member of the finest regiment in the British Army.”

He also condemned the government’s policy in Afghanistan, saying that UK forces are in “dreadful danger”. “We fully support the British Army in Afghanistan whilst in no way supporting or condoning a government policy, which has placed our young men and women in such dreadful danger.”

Private Jackson’s death means six British soldiers have died in the unstable Helmand region in the last four weeks. Since 2001 when operations began in Afghanistan, thirteen British soldiers have lost their lives.

On Saturday, two British soldiers were killed after a rocket-propelled grenade struck the headquarters they were in.

Prime Minister Tony Blair said he would give more resources to British troops to assist them in their fight against the Taliban, but he said the British Army has not yet made such a request.

“If they need more, we will make sure that they get more,” he told the House of Commons during Prime Minister’s Questions on Wednesday.

Along with the Conservative Party leader David Cameron, Mr Blair also commended the efforts of British soldiers by praising their “extraordinary and heroic job”.

“They are fighting a battle that I think is important not just for the security of Afghanistan. It is important for the security of the wider world,” the Prime Minister said.

Approximately 4,000 British soldiers are stationed in Afghanistan, and almost 3,000 of them work in Helmand Province.

In general, they are in Afghanistan to help train the country’s troops, provide security, and assist with reconstruction. As 20% of the world’s opium is produced in Helmand Province, the main task for troops there is to control drugs lords.