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Friday, April 15, 2022

On Wednesday, heavy rains and resulting flooding were confirmed to have killed over 300 people in KwaZulu-Natal province on the eastern coast of South Africa, including the large port city of Durban.

The flooding delayed rescue efforts by the South African National Defence Force, though it managed to deploy some helicopters and personnel according to General Rudzani Maphwanya. Authorities were working to restore electricity to the area.

President Cyril Ramaphosa said: “This disaster is part of climate change. It is telling us that climate change is serious, it is here … We no longer can postpone what we need to do, and the measures we need to take to deal with climate change.”

eThekwini Metropolitan Municipality was heavily damaged. Mayor Mxolisi Kaunda said it was hard to reach power and water facilities. Sipho Hlomuka of the Executive Council for Co-operative Governance and Traditional Affairs in KwaZulu-Natal said: “The heavy rains have affected power lines in many municipalities with technical teams working around the clock to restore power.”

Tuesday, October 8, 2013

Unlike some parts of the US Federal Government, the Consumer Financial Protection Bureau (CFPB) has been open during the federal government shutdown and recording a record-low number of complaints submitted by consumers against mortgage companies, credit card companies, student loan providers, banks, money transfer providers, companies who provide credit reports, and other companies providing consumer loans.

With data not available for yesterday, the first four days of the shutdown had daily totals of 37, 16, 13, and 3 complaints. With the exceptions of September 29 with 15 complaints and September 28 with 23, it is the lowest daily total since March 16 of this year when 36 total complaints were recorded and February 23 of this year with 14. The total complaints are also down from the same dates last year, when the total complaints per day for the first four days of October 2012 were 272, 298, 288, and 225.

Of the 69 filed complaints recorded so far this month, 27 were complaints about mortgage companies, 21 were about bank accounts and 10 were about credit card companies. 40% of credit card companies complaints, 42.9% of bank account complaints and 48.1% of mortgage complaints are currently listed as still in progress. Most of the rest have been closed with an explanation.

Bank of America leads all companies in terms of total complaints filed this month with 9. Bayview Loan Servicing, LLC andJPMorgan Chase have 7 complaints each. Ally Bank, Sovereign Bank, and Wells Fargo have 4 each. Flagstar Bankand Equifax have 3 each. Citibank, Nationstar Mortgage, TD Bank, Amex, and FirstMerit Bank have 2 complaints each. 18 financial services companies have 1 complaint each filed against them.

During the government shutdown, some CFPB staff have voiced their opinions on Twitter. Dan Munz, deputy assistant director for consumer engagement at the CFPB, tweeted, “Boy, shutdown week has really created a sudden bumper crop of amateur federal management experts.”; “Also, seems like Boehner is singlehandedly undoing whatever progress he’d made in portraying this as a Dem [Democratic Party] shutdown.”; and “Basically, there’s now a strong incentive to fill legislation with minor symbolic things you can bargain away later to protect the core.”

The agency has been able to stay open during the government shutdown because it is funded by the Federal Reserve. According to Amanda Terkel at the Huffington Post, Republican members of the United States House of Representatives have put closing the CFPB on their wish list of items in negotiating for a new debt ceiling limit. Party members have previously stalled the appointment of Richard Cordray as the CFPB boss as a way of hindering it from engaging in oversight of financial organizations in the the US.

Sunday, January 16, 2022

United Kingdom-based pharmaceutical giant GlaxoSmithKline (GSK) confirmed January 15 it had rejected three “unsolicited, conditional and non-binding proposals” by Unilever to acquire its Consumer Healthcare division, including one bid of GBP50 billion in value made on December 20, believing Unilever “fundamentally undervalued” the business and its potential.

News that Unilever attempted to buy GSK Consumer Healthcare for 50 billion pounds, split between GBP41.7 billion in cash and 8.3 billion in Unilever shares, was first reported by The Sunday Times, and subsequently confirmed by both companies. Had the latest acquisition offer gone through, it would have been the largest deal since the beginning of the Covid-19 pandemic, and one of the biggest ever among companies listed on the London Stock Exchange.

A deal would likely mean integrating the GSK division into Unilever’s own beauty and personal care business, which has seen profit margins struggle under Covid-19 lockdowns and higher costs for plastics and petrochemicals.

A brief response on the Unilever website confirmed it “had approached GSK and Pfizer about a potential acquisition”, and adds GSK Consumer Healthcare “would be a strong strategic fit” as the company looks to rework its portfolio. GSK indicated the proposals were “carefully evaluated” by its board of directors, but unanimously rejected under the conclusion they “were not in the best interests of GSK shareholders” and “failed to reflect the intrinsic value of the business and its potential”.

The Sunday Times have indicated the latest deal did not include an acquisition premium or recognition of corporate synergies; the joint venture between GSK and healthcare firm Pfizer, which holds a minority stake in the company, was initially projected to generate GBP500 million in cost savings by this year and realise “substantial cost synergies”. The BBC’s business editor Simon Jack wrote that a standard takeover premium would be about 30%, but could be reduced over the GBP10 billion in debt GSK was predicted to “leave on the books”, of the GBP22 billion net debt GSK reported for Q3 2021.

The deals were assessed by the Board respective of a proposed demerger of GSK Consumer Health into a separate PLC in the middle of this year. Jack wrote GSK “always” had “an open mind to a trade sale to another party if the price was right.” Unilever did not take into account the standard takeover premium, the value of cost savings and Board confidence Consumer Health could deliver “superior organic sales growth” of between four and six per cent in the medium term. This was despite valuations of about GBP50 billion by Goldman Sachs and Barclays analysts, and a lower GBP45 billion valuation by Jeffries Group.

There are no current talks between Unilever and either Pfizer or GSK, and the Unilever statement reads: “There can be no certainty that any agreement will be reached.” Under CEO Alan Jope, Unilever has focused its investments and marketing on brands which “communicate a strong environmental or social purpose” by streamlining its holdings in items like beauty products and tea. Jope previously said Unilever would concentrate on smaller takeovers in industries like luxury beauty and wellness.

However, Russ Mould, investment director at AJ Bell, told the BBC this would be a “high risk deal” at a time investors are cautious about GSK’s performance, but also a time of rising inflation he says encourages “consumer goods with loyal customers”. Mould added despite strong cashflow, Unilever had recently missed targets on sales and profit margins, putting pressure on the CEO.

Pressure by activist shareholders Elliott Management Corporation and Bluebell Capital Partners have also mounted against GSK CEO Emma Walmsley over the unit’s failure to develop a Covid-19 vaccine and Walmsley’s own lack of scientific experience. GSK has been involved in the ongoing development of a Covid-19 vaccine with French biopharmaceutical company Sanofi, and announced preliminary results from Phase 3 trials last month.

In 2018, Unilever bought several consumer nutritional products from GSK, including its flagship product Horlicks, and merged its Indian subsidiary, Hindustan Unilever, with GSK Consumer Healthcare India.

Saturday, June 25, 2022

Media reported Wednesday that biologists from the Conservancy of Southwest Florida reported having captured a Burmese python (Python bivittatus) measuring nearly 18 feet (5 m) in length and 215 pounds (97 kg) in weight in the state’s Everglades wetlands.

It may be the largest member of its species ever found outside its natural range in Southeast Asia. Another Burmese python measuring 18 feet and 9 inches (5.7 m) was found in 2020, but it only weighed 104 pounds (47.2 kilograms).

In a search documented by National Geographic, the team captured the current snake in December 2021 by tagging a male “scout snake” named Dionysius with a GPS tracking device and releasing it into the western Everglades.

“How do you find the needle in the haystack? You could use a magnet, and in a similar way our male scout snakes are attracted to the biggest females around,” said wildlife expert Ian Bartoszek, the team’s project manager.

Pythons are an invasive species in Florida. Removing female snakes from the environment before they lay their eggs is the Conservancy’s preferred strategy for limiting python breeding. When the team saw that Dionysius was spending several weeks in one area, they concluded he’d found a sexually mature female and set off to retrieve him.

It took twenty minutes of wrestling and three adult humans to carry the snake to a vehicle, in which it was taken to a laboratory in Naples, Florida and euthanized. Upon necropsy, it was found to contain over 122 healthy but unfertilized egg follicles.

Pythons were introduced to Florida in the 1970s, probably by being sold as pets. While there is a history of individual pet owners illegally releasing exotic animals into the wild after they grow larger than expected, the destruction caused by Hurricane Andrew in 1992 also allowed animals from a serpent center to escape to the Everglades and other habitats, where they reproduced in great numbers.

Since then, they have disrupted the food chain by eating local animals, including endangered animals: the stomach of this snake contained the remains of a white-tailed deer.

The state of Florida considers Burmese pythons a threat to native wildlife and sponsors an annual python hunt with USD2,500 as first prize.

Friday, March 11, 2005

A Lockheed-Martin built Atlas V launch vehicle, successfully launched from Cape Canaveral, Florida at 21:42 UTC (4:42 p.m. EST). It placed the Inmarsat 4 F-1 communications satellite into orbit. This was Lockheed-Martin’s second try to launch the satellite. Yesterday’s attempt ended in a scrub when the flight control computer passed a red-line with less than three minutes remaining in the countdown.

This was the fifth launch of the Atlas V vehicle, and the first launch where the rocket used three of the first stage, Aerojet built, solid rocket motors. It also had the narrower 4 meter payload fairing.

For the first part of the flight, the rocket was powered by a common booster core with two RD-180 rocket engines plus three solid rocket motors. When their fuel was expended the solid rocket motors burned out and were jettisoned.

The common booster core then continued pushing the payload and upper stage, with its two RD-180 engines producing 806,000lbf of thrust. The common booster core expended its fuel around four and a half minutes into the flight. At this point the first stage common booster core separated from the upper stage and payload.

After the stage separation, the Centaur upper stage started its engine and burned for nearly ten minutes. During this burn, the payload fairing separated from the spacecraft, leaving the satellite exposed on the nose of the rocket in the vacuum of space. When the ten minute burn was up, the Centaur coasted with the satellite for another ten minutes waiting to get to the optimal point for the final burn. At around 24 minutes into the flight, the final burn of the Centaur stage occurred, placing the spacecraft in a super-synchronous transfer orbit. After this burn was complete, the Centaur separated, leaving the spacecraft on its own.

Now the spacecraft must attempt to open its solar arrays and place itself in the final geostationary orbit. Because of this special type of orbit, where the spacecraft goes around once every 24 hours, the satellite will appear to sit in one place over the equator. From this location, Inmarsat will use it to provide BGAN (Broadband Global Area Network) which is a 3G compatible, 432kbit/s data service, to much of the world.

The Atlas vehicle was rolled out of its vertical integration facility 1800 feet from the launch pad early yesterday morning (before the first launch attempt). The reason for this launch day move is because of the clean pad concept.

Past American rockets (with the exception of the Saturns and Space Shuttles) have always been assembled on the launch pad. In the case of a delay in launching, this would cause delays in all the rockets that needed to be launched after the one that experienced the delay. With the new clean pad concept, rockets can be assembled and checked out before being moved to the pad, saving delays in the schedule.

The launch tower and rocket move out to the pad along a set of railroad tracks, making the 1800 foot journey in approximately half an hour, topping out around two miles per hour.

Because of the clean pad concept, none of the launch control electronics or spacecraft environmental systems are on the pad. Instead, they are run along the railroad tracks with the rocket as it moves to the pad on launch day. When they get there, they slide into concrete enclosures so that they are not destroyed during the rocket launch.

Friday, June 23, 2006

Matt Hanson aims to raise £1 million to fund the production of a feature-length film which would be distributed freely via the Internet under a Creative Commons licence, all funded through 50,000 people each donating £25 to the project, which he’s called ‘A Swarm of Angels‘.

No stranger to filmmaking, Matt has produced numerous digital short films, a series of books on digital filmmaking and set up the digital film festival onedotzero, now in its tenth year. He wants to finally make a feature length film, and decided that it was better to turn to the Internet for help and funding rather than plod through the usual ‘development hell‘.

“I wanted to put into practice what I’ve been preaching as a film futurist for ten years, and the technology and Internet infrastructure has just really caught up with that vision now for me to put it into practice.”

The process is inspired by the ‘web 2.0‘ movement, using social and collaborative communities on the Internet. Matt doesn’t see the funding as coming from donations, but as people paying a subscription to become part of a ‘Swarm’. “Rather than the ‘many producer’ model, this is more of an ^[sic] ‘smart consumer’ model … members can help implement and bring their expertise into play, and so become more actively involved in the production.”

The project hopes to use professional actors and crew, but use qualified members from the swarm as much as possible. The cast and the crew, including any volunteers that get chosen, would be paid for their work on the film, with Matt suggesting that this is “a great way for people to get into the industry”.

Those members not directly involved in making the film can still participate in the process by discussing ideas on a messageboard, and having a vote on certain crucial decisions such as which script gets chosen for production. Asked how he would balance his own creative direction with input from members, Matt said “my vision will lead the project forward and define the parameters, but the Swarm can influence that, and indeed offer improvements or insights I might not think of alone”.

“Remember filmmaking is always a team effort – whether you are Martin Scorsese, Stanley Kubrick or Jean Luc Godard, you promote people within the project that will complement and bring something extra to the vision of the film. Give it more life. With the Swarm we are making that process more democratic, and giving a wider range of people an opportunity to shine and have creative input.”

Members are promised a collector’s edition DVD of the end product and exclusive merchandise, but the main distribution of the film will be via the Internet, using ‘BitTorrent‘ and peer-to-peer networks. “Unlike many other filmmakers, I’m not wedded to cinema projection as the ‘be all and end all’ – I’m much more excited about people viewing remixed versions on their video iPods,” explains Matt.

The ‘remixing’ of the film will be possible thanks to it being distributed under a Creative Commons licence. Matt suggests that the ‘younger generation’ is more used to being involved with and interacting with entertainment, and points to remixes of the Star Wars films (eg ‘The Phantom Edit‘) as an example of these ‘mashups’. “At the end of the project I would love to have an event that showcased five wildly different versions of the film, different visions from people other than my definitive initial edit,” he suggests. The licence will be for non-commercial use only, however, and so commercial TV stations would still have to pay in order to screen the film.

The project is partly inspired by the success of ‘The Million Dollar Homepage‘, in which British student Alex Tew aimed to raise a million dollars to fund his university education, simply by selling advertising space on a single web page. The publicity surrounding the idea, coupled with the ‘viral’ effect of Internet users passing the page on, meant that he eventually managed to make himself the million dollars.

The success of these projects partly seems to depend on them being interesting and original enough to attract enough attention, and it’s often difficult to see how they could be repeated. Copy-cat versions of the million dollar homepage have so far failed to hugely take off. When asked about this idea, Matt responded “I already expect people to copy the model we are inventing with A Swarm of Angels – it’s a perfect way to create cult media, where the director gets more creative control and organically funds a project, and the fans of the project get more involvement within it. If the market gets too crowded with these projects though, then they’ll have to be packaged differently to stand out. But that’s what traditional film and media projects need to do anyway.”

Over 600 members have signed up to the ‘swarm’ so far, which Matt comments is already an early success, but 50,000 members in total will be needed in order to fully fund the £1 million budget. Matt suggests that getting to the next stage, of reaching 1,000 members, followed by the phase of getting 5,000 members, will be the hardest part, as after that the film will be more ‘tangible’. He expects to raise the full budget, but comments that if the fundraising stalls, “options will be presented by advisors and The Swarm, and based on some kind of consensus we’ll come up with the best option for moving forward.”

Traditionally, independent films are funded either through persuading wealthy individuals to invest, who sometimes are sometimes given ‘Executive Producer‘ credits, or through organisations like the UK Film Council, who award funds from the National Lottery. A tax credit for producers making small films in the UK was announced by the government in 2005, in a bid to give a boost to the UK independent film industry.

Matt says that the film will be “a thriller with soft science fiction elements”, which he says will suit his target audience. “But it will have an indie edginess to it, and be far more visually inventive than you would get with a ‘normal’ British independent feature.” Contributors to the project include artists The Kleptones, who will help with the soundtrack, comic book writer Warren Ellis and documentary filmmaker Grant Gee.

The Swarm of Angels project is online at aswarmofangels.com and costs £25 as an individual to become a member.

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.