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Saturday, November 4, 2006

Telecom New Zealand has announced that it is going to sell its Yellow Page Group business and is expecting at least NZ$2 billion. The Yellow Page Group includes the Yellow Pages, White Pages (which includes both offline and online services), New Zealand Retirement Guide and New Zealand Tourism Online.

However Chief Financial Officer, Mark Bogoievski, will not comment on how much the reserve price is.

The company says that the money they get from selling the directories will be used to repay almost $3.5 billion worth of debt.

Theresa Gattung, Chief Executive of Telecom, said: “There has already been considerable interest shown in the future of Yellow Pages Group based on recent media speculation. We expect that the sale should be completed by the end of this financial year.”

The Yellow Page Group generates $250 million worth of revenue per annum and employs 600 people.

Ms Gattung said: “In the long term the business will be dominated by the global players. It’s really prudent off us to take this opportunity to see what value we can get looking at the sale of this business at this stage.”

Analysts are warning Telecom that it would miss out on the digital media possibilities. “It looks to me that it is a bit of a panic reaction in order to generate some quick cash,” said, telecommunications expert, Paul Budde, “I think it’s a short-term sort of strategy to generate some cash, but it will undermine its long term strategy to move from the old Telecom’s world into the new digital media world.”

Ms Gattung said that the privacy of the individuals will be kept, “obviously we’re only going to sell to a very reputable party.”

Telecom is also hinting at cutting hundreds of jobs to invest in new technology to beat off competition.

Wednesday, August 29, 2007

An English lawyer has pleaded guilty to perverting the course of justice. He faked a legal judgment and sent it to a father who was pleading in Taunton family court to be able to remain involved in his child’s upbringing. The lawyer, London barrister Bruce Hyman, now awaits his sentence. The judge indicated that he could receive a prison sentence. Bruce Hyman is well-known in media circles, having produced The Hitchhiker’s Guide to the Galaxy on BBC Radio. He also produced a series with Clive Anderson, at Above the Title Productions, called Unreliable Evidence.

The father, a former City financier, had attended a series of court hearings in order to make suitable arrangements to see his child following an acrimonious divorce. Shortly before one of these hearings he received an email, ostensibly from a self-help group to which he belonged, which had attached a Court of Appeal case that appeared favourable to an application he had made for the judge to stand down from the case. The father, who was representing himself, duly showed the case to the judge. At this point, Bruce Hyman, the lawyer representing the former wife, claimed to the judge that the case was a forgery, which indeed it turned out to be.

After confirming that the self-help group had not sent him the email, the father then embarked on some detective work his own. The fraudulent email was traced via its header to a dial-up internet connection and a phone number belonging to a shop in London. The shop was able to recover CCTV footage which showed a man sending the email from an Apple laptop. The man turned out to be Bruce Hyman.

Sentencing of Hyman is due in Bristol Crown Court on the 19th of September.

Monday, February 11, 2008

Around 8:50 p.m. Korean Standard Time (11:50 UTC) on Sunday, a fire broke out at Sungnyemun Gate (more commonly referred to as Namdaemun Gate), one of the most iconic South Korean landmarks, located in the center of Seoul.

Approximately 30 firetrucks and 90 firefighters were sent to the site and were able to bring the initial blaze under control by around 10:30 p.m.

However, around 10:40 p.m., the fire rekindled at the second floor of the gate, as firefighters were in the process of extinguishing embers. By 11:00 p.m. the fire had spread over to the roof of the gate. The Korean Fire Department reports that the second blaze had started as the Department was seeking permission from the Korean Cultural Heritage Administration to dismantle parts of the gate in order to stop any possible further fires from spreading.

At about 12:40 a.m. of the 11th, the second floor had collapsed, and the fire was spreading to the first floor; at 1:50 a.m. the first floor collapsed.

Officials have yet to reach a conclusion on the origin of fire, and have presented three possibilities; arson, electric faults or accidental origins.

As the interior of the second floor of the Gate is off-limits to civilians, the Korean Fire Department initially eliminated the possibility of arson, and stated that an electric short or spark from the electric lighting could have been the cause. This possibility was later discarded as a firefighter reported, after examination, that there was no electric wiring on the second floor, as Korean Cultural Heritage Administration regulations prohibit it.

Three eye-witnesses have submitted testimonies. A taxi driver has reported seeing a man in his fifties climb up the staircase carrying a shopping bag, shortly after seeing sparks. Police have stated that the driver’s testimony differs in several crucial factors from the other two witnesses.

Firefighters have reported finding two cigarette lighters on the second floor, inceasing the possibility of arson as the cause.

Police have been unable to obtain evidence from the four closed circuit televisions(CCTVs) installed around the gate.

Officials of the Korean Cultural Heritage Administration have stated that restoration will take two to three years and will cost 20 billion won, equivalent of 21 million USD.

Officials report that no sprinklers or fire alarms were installed inside the gate, and only eight fire extinguishers were placed on both the first and second floor.

Namdaemun, built during the Joseon Dynasty, is the oldest wooden structure in Seoul and was entitled ‘National Treasure No. 1’ in 1962 after restoration.

In recent years, arsons started by evangelical Christians have damaged many Buddhist temples and Korean momuments.

Saturday, March 15, 2008

The Internet group Anonymous today held further protests critical of the Church of Scientology.

The global protests started in Australia where several hundred protesters gathered at different locations for peaceful protests.

In a global speech, the Internet protest movement said Scientology “betrayed the trust of its members, [had] taken their money, their rights, and at times their very lives.” The protesters welcomed the public interest their protests have led to, and claimed they witnessed “an unprecedented flood of Scientologists [joining] us across the world to testify about these abuses.” The group said it would continue with monthly actions.

In a press statement from its European headquarters, Scientology accused the anonymous protesters of “hate speech and hate crimes”, alleging that security measures were necessary because of death threats and bomb threats. This also makes the Church want to “identify members” of the group it brands as “cyber-terrorists”.

Wikinews had correspondents in a number of protest locations to report on the events.

Anonymous states that the next protest is scheduled to take place on April 18, which happens to be the birthday of Suri, the daughter of Tom and Katie Cruise.

Friday, March 25, 2005A Spotsylvania County woman, whose three dogs allegedly attacked and killed her elderly neighbor, was freed Wednesday by posting a $10,000 bond. Dianna Large, 36, received one felony charge of involuntary manslaughter and three misdemeanor charges in an indictment issued last week.

In her first appearance before a judge, she answered Circuit Court Judge William H. Ledbetter questions with simple “Yes sir.” and “No sir.” responses. The short hearing, held Thursday, formalized the charges against her. The involuntary manslaughter charge, a first in the severity of punishment being sought on a dog owner in the Virginan state of USA, carries a maximum penalty of 10 years.

State procecutor Wiliam Neely said that Large knowingly let her three Pit Bull dogs run free, and that an animal control agency person had warned her to keep them under better control. She also a violated a county ordinance requiring owners of dangerous dogs to post a warning sign to visitors. The prosecution also noted that none of the three male dogs were neutered.

The Animal Control Department of Virginia maintains a dangerous dog registry. It contains a list of owners whose dogs are deemed dangerous to society. The link to the registry was moved to a more prominent position on the county web page following the attack.

Wednesday, March 18, 2009

United States President Barack Obama stated Monday that insurance giant AIG is in financial trouble due to “recklessness and greed,” and called for legal action to stop the company from giving out millions of dollars in bonuses to its executives.

“It’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay,” Obama said. “How do they justify this outrage to the taxpayers who are keeping the company afloat.”

Obama’s statement comes after reports surfaced last weekend saying the insurance agency, which is in deep financial trouble, had paid US$165 million to executives in bonuses, after receiving $170 billion as part of a government bailout plan.

AIG has said that the bonuses have to be given out, as the company is legally required by contract to do so. A representative with the National Economic Council, Lawrence H. Summers, also said that the bonuses were required to be given out. If AIG had refused to give out the bonuses, employees could file a lawsuit against the company for the money.

“We cannot attract and retain the best and the brightest talent to lead and staff the A.I.G. businesses — which are now being operated principally on behalf of American taxpayers — if employees believe their compensation is subject to continued and arbitrary adjustment by the U.S. Treasury,” AIG CEO Edward M. Liddy said in a letter addressed to Treasury Secretary Timothy F. Geithner on Saturday.

Liddy said that he asked Geithner “to use that leverage and pursue every legal avenue to block these bonuses and make the American taxpayers whole.”

“I want everybody to be clear that Secretary Geithner’s been on the case,” Obama said. “He’s working to resolve this matter with the new CEO, Edward Liddy, who, by the way, everybody needs to understand, came on board after the contracts that led to these bonuses were agreed to last year.”

If the bonuses cannot be stopped, the U.S. Congress says they want AIG to reimburse the government. Congress is looking to impose stiff new taxes on the pay, or ordering the company to return the money which was originally granted from a government bailout. In a letter to House Speaker Nancy Pelosi on Tuesday, senator Richard Shelby promised that the treasury will recover all of the money. Several U.S. senators along with Liddy have sent letters to AIG asking for the bonuses to be renegotiated, something AIG agreed to and says they will reduce future bonuses by 30%. Senators state that if Libby does not respond by renegotiating the bonuses, the Senate Finance Committee will propose an excise tax. Not only will an excise tax be proposed on AIG, but all companies receiving bailout money and their employees who receive bonuses.

Numerous House Democrats have introduced legislation which would place a 100% tax on any bonuses of over $100,000 from companies that are receiving government bailout funds. Meanwhile in the Senate, a bipartisan proposal by Max Baucus (D-Montana) and Charles Grassley (R-Iowa) would levy a special 90% excise tax on AIG’s bonuses. Asked Senator Baucus, who chairs the Senate Finance Committee: “What is the highest excise tax we can impose that will stand up in court? Let’s find out.”

Tuesday, February 12, 2008

Buffalo, New York —According to radio communications by the Buffalo, New York Fire Department, at approximately 10:15 p.m. EST two water pipes inside the Darwin D. Martin House, a National Historical Landmark, broke causing several rooms to flood.

The breaks were discovered in the gift shop area of the house but quickly began to flood other areas near the shop as firefighters had a difficult time locating the main shut off valves.

At 10:50 p.m., firefighters reported to have shut off “several main valves” stopping the flow of water. The cost of the water damage is not known, but covered several rooms. Recent sub-zero temperatures in the city is said to be the cause of the break. At the time of the call, the temperature was only 10°F with a wind chill of 4°F above zero. On Sunday the temperature was only 3°F with a wind chill of -23°F.

The house, designed by Frank Lloyd Wright, has seen rough times over the years, experiencing problems such as vandalism. The first half of the complex was built in 1903 and finished in 1905. After the pergola, conservatory, and carriage were demolished, restoration and rebuild began in 1992 and is scheduled for completion in 2008 or 2009.

Saturday, December 30, 2006

Around 9:00 a.m. local time (0800 UTC) today, an explosion occurred at Barajas International Airport, in Madrid, Spain.

A car bomb exploded in the Level-D Parking Garage of the recently completed Terminal 4. A Spanish official declared that the police first received a telephone call warning them about the bomb, and then a second call with the type of vehicle. The second caller claimed the attack for the Basque nationalist group ETA. Thanks to the telephone call, the police could evacuate most of the area. One man is reported missing after the explosion, and 26 people including two police officers were reported to be injured in the blast. The terminal sustained serious damage, and the situation in the airport became chaotic on one of the busiest days of the year.

Arnaldo Otegi, spokesman of ETA’s political wing Batasuna, did not condemn the attack, but said the peace talks are not interrupted by the explosion. The Spanish Interior Minister Alfredo Perez Rubalcaba condemned the attack, saying that it “breaks nine months without violence on the part of ETA, which breaks the permanent ceasefire.” Only in June, the Spanish President José Luis Rodríguez Zapatero announced peace talks with ETA. But tonight, Zapatero ordered the suspension of all dialogue, because “with violence, there can be no kind of dialogue.”