Friday, May 5, 2006

U.S. Representative Patrick J. Kennedy (D–RI), son of Massachusetts Senator Edward Kennedy, was involved in a traffic accident near the U.S. Capitol in Washington, D.C.

Capitol Hill Police reported that Kennedy was alone his 1997 Ford Mustang when the accident occurred Thursday at about 2:45 a.m. EDT (0645 UTC) near the 100 block of C Street SE. Police say his eyes were red and watery, and he was unbalanced and had slurred speech. Police also say that Kennedy had received three “notices of infractions” that are connected with the crash.

According to the police report, Kennedy drove his car into a security barrier near the Capitol building. When questioned by the police, he told them that he was “headed to the Capitol to make a vote,” when no votes were scheduled for that time of the morning.

Kennedy said in a written statement that he had returned home around midnight and had taken the sleep aid Ambien and the anti-nausea drug Phenergan, both of which are known to cause drowsiness and sedation. He awakened a couple hours later and was “disoriented” when the incident occurred. He also said that “at no time before the accident” did he take alcohol, and pledged to cooperate in any investigation.

Today, Kennedy said, “Apparently, I was disoriented from the medication” and that he “never asked for any preferential treatment.” He also announced that he is checking himself into the Mayo Clinic in Rochester, Minnesota.

“I know I need help. As in every recovery, each day has its ups and downs.,” added Kennedy. This is not the first time Kennedy has been to the Mayo Clinic. Last Christmas, Kennedy spent time at the clinic and went back to work after he was “feeling focused and in good shape.”

However; Robin Costello, spokeswoman for Kennedy said, “we have no knowledge of any citations,” but she did admit that a report was filed.

Capitol Police have not commented on the report or allegations, but Sgt. Kimberly Schneider, Capitol Police spokeswoman did say, “The United States Capitol Police are continuing to investigate.”

It is not known whether any sobriety test or arrest was made. Kennedy was not injured.

Wednesday, January 10, 2007

Apple Inc. today has introduced the much-anticipated iPhone at the Macworld Conference in San Francisco.

The iPhone is claimed to be “a revolutionary mobile phone” as stated on the Apple website. The device appears to be running a mobile version of the Apple operating system Mac OSX. It is approximately the same size as a 5th generation iPod, it has a 3.5-inch LCD touchscreen display that is used to access all features of the phone including number dial, as well as making phone calls. The iPhone plays music, movies, displays pictures and is able to connect to a wireless network.

Apple CEO Steve Jobs unveiled the device by walking onto the stage and taking the iPhone out of his jeans pocket. During his 2 hour speech he stated that “Today Apple is going to reinvent the phone, We are going to make history today”.

Today Apple also released their Media Center device – Apple TV. It will directly compete with Microsoft’s Media Center operating system. Apple has taken a different approach to the media center market; rather than storing content (such as movies, music and photos) on the device, Apple TV connects to a computer (Mac and Windows) over a wirless network connection and plays all content stored on that computer. This makes it substantially easier for users to organize their media content.

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

Tuesday, October 7, 2008

The Icelandic internet bank, Icesave, has suspended all 300,000 of its UK customer accounts, leaving account holders in the United Kingdom unable to withdraw or deposit any funds. A message on its website posted this morning states:

“We are not currently processing any deposits or any withdrawal requests through our Icesave internet accounts. We apologise for any inconvenience this may cause our customers. We hope to provide you with more information shortly.”

The internet bank, owned by the Icelandic bank, Landsbanki (Landsbankinn), which was recently nationalised in an attempt to rescue it, has been hit by the global financial crisis. Reports from the United Kingdom suggest that the traders and city are preparing for the parent company to be declared insolvent, leaving customers to recover their monies through a financial compensation scheme being backed by the Icelandic Government. The plan will cover the first € 20,887 (Approx £16,300 / $28,720), the remainder of the customers funds being recovered through the UK’s own financial compensation system.

Following the decision to nationalise Landsbanki, the Icelandic Prime Minister, Geir Haarde, who introduced and signed the emergency legislation into law, stated:

In describing and explaining its actions in nationalising the bank, the Icelandic Financial Supervisory Authority issued this brief statement:

In response to the deepening world financial situation, the Dutch government has this afternoon increased its savers protection from €38,000 to €80,000 effective immediately, to help secure the financial status of its savers within Holland. Icesave also has a Dutch branch, icesave.nl – their website was unreachable at the time of this article.

Saturday, November 14, 2009

Pakistani police said today that a suicide car bombing has killed at least eleven people and wounded more than twenty others, in the latest attack in the northwestern city of Peshawar.

Officials reported that the bomber set off the explosives at a police checkpoint, and added that two police officers are among the dead.

“At least eleven people have been killed and 26 others wounded,” said Sahibzada Anis, the Peshawar district administration chief, to the Agence France-Presse news agency.

According to the man in charge of the checkpoint, Malik Jehangir, he noticed a black car across the barrier and asked security officers to check it. “I saw that there was some argument between the driver and the policeman and suddenly a blast downed me with shrapnel piercing my shoulder,” he said, as quoted by Al Jazeera.

The bombing came a day after a suicide bomber struck the Peshawar office of Pakistan’s Inter-Services Intelligence (ISI) agency, killing ten people. That blast caused a large portion of the three-story ISI building to collapse.

Wednesday, July 6, 2011

The International Olympic Committee (IOC) selected Pyeongchang, South Korea as host of the 2018 Winter Games today. The committee meeting in Durban, South Africa, made its selection in the first round of voting. The South Korean city won over Munich, Germany and Annecy, France after failing in two previous tries.

It was an emphatic success for South Korea after its unsuccessful applications for the 2010 and 2014 Winter Olympics. This time its hour-long presentation to the committee focused on the sports with the theme “New Horizons” rather than geopolitical location and included South Korean president Lee Myung-bak and Kim Yu-na, the winner of the 2010 Olympic figure skating gold medal winner. On the first round of secret ballots, cast by the IOC’s 95 voting members from 76 countries, Pyeongchang received 63 votes to Munich’s 25 and 7 for Annecy.

IOC President Jacques Rogge opened the sealed envelope and made the announcement in front of the entire IOC membership and the representatives from the three candidate cities. A loud cheer erupted from the Pyeongchang detachment, as they jumped up, hugged each other, and waved South Korean flags.

The host for the Winter Olympics was awarded on the first ballot in 1995 to Salt Lake City, Utah for the 2002 winter games, the last time the host was selected on the first ballot. Only twice before have the Winter Games been awarded to a country in Asia, both times to Japan.

The 2016 Summer Games have previously been awarded to Rio de Janeiro, Brazil, which will be the first South American city to host the games. Sochi, Russia was selected in 2007 for the 2014 Winter Games, giving Russia its first hosting of the Winter Games.

Thursday, June 4, 2009

In a New York press conference at 16:15 UTC, June 1st, Fritz Henderson, the Chief Executive Officer of General Motors, which filed for bankruptcy and Chapter 11 protection from its creditors earlier today, outlined a plan for what he called a “New GM”.

Speaking to the press under safe harbor provisions of U.S. law, Henderson described the events of today as a “defining moment” in the history of General Motors. Speaking to the public he said that “The GM that let you down is history,” and described a “New GM” that he expected to result from the bankruptcy process.

Henderson stated that he envisioned the bankruptcy process would take between 60 and 90 days. He stressed several times his view that the process would be one that is executed quickly, saying that not just a sense of urgency but “pure unadulterated speed” was his expectation of the process. He emphasized that “GM remains open for business” during the bankruptcy period, continuing to sell and to support its products, and that day one motions had been filed in the bankruptcy court in order to allow this.

Regarding the bankruptcy process he said, “We will do it right. And we will do it once.”

He stated that the plan for General Motors had the support of the United Auto Workers union, the Canadian Auto Workers union, the GM VEBA, and a majority of the unsecured bondholders of GM. He also mentioned that GM had already received €1.5 million in bridge financing from the German government.

In response to questions about the possibility of the United States federal government, a majority shareholder in the restructured company, dictating future product development and strategy, such as the sale of more fuel-efficient and green vehicles; he first observed that the federal government had already stated to him that it had “no real interest in running our business” and that he expected that still to be his job. Of the specific hypothetical scenario where the management of GM wants to make one type of car, because it thinks that it is the right thing for the business, and the U.S. government wants to make another type of car, he stated that “I don’t think it’s going to happen.” Expanding on that point he stated that he expected the “New GM” to focus upon “highly fuel-efficient and green technology”, and that operating both in accordance with U.S. environmental laws and in response to customer demand would naturally result in the New GM producing the types of vehicles that the U.S. government would encourage.

The “New GM” he also expected to focus on “four core brands”, and will size its dealership to match that. He stated that GM would offer a “deferred termination” package to dealers, to allow them to cease dealing in GM vehicles in a managed and gradual way.

He stated that the bankruptcy filings did not cover General Motors’ businesses in Latin America, Europe and the Middle East, and Asia and the Pacific. Of GM’s profitable ventures in China, specifically, he stated that they were “a critical part of the New GM”. In response to questions of whether the New GM would import cars from China to the U.S., he stated the formative company’s core principle that “We build where we sell” applied in both directions, with GM building in China to sell in China and building in the U.S. to sell in the U.S., stating that this shortened supply chains.

He declined to predict when the New GM would return to profitability, stating that the goal was rather to lower the break-even EBIT point for the company. He also declined to speculate upon when the U.S. government would sell its stake in the company, saying that that was a question “better addressed to the U.S. Treasury”, and merely saying that he expected it to be “years, not months” when the U.S. Treasury felt it would give “the right return for taxpayers.”