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Saturday, May 20, 2006

Kentucky Derby winner Barbaro, sent as the post-time odds-on favorite in this year’s Preakness Stakes at Pimlico Race Course in Baltimore, Maryland, breaks down in the opening stretch of the race, shattering any chance of a Triple Crown winner this year. Bernardini, the 12-1 4th choice out of 9, ends up winning this year’s Preakness, stopping the clock at 1:54.65. Following up 5 1/4 lengths behind was Sweetnorthernsaint, sent to the post at 8-1, and Hemingway’s Key at 29-1, six lengths further back.

According to Dr. Larry Bramlage, the on-call veterinarian for the American Association of Equine Practitioners, Barbaro’s injury was “significant” and “would require major stabilizing surgery.” Barbaro’s injury effectively ended the horse’s racing career.

Bernardini, a colt by A.P. Indy out of Cara Rafaela, by Quiet American, was bred and is owned by the Darley Stable of Sheikh Mohammed, is trained by Tom Albertrani, and was ridden to victory by Javier Castellano. Today’s Preakness marks the first Preakness win for jockey Javier Castellano, who previously rode Ghostzapper to a win in the 2004 Breeders’ Cup Classic. The Preakness was only Bernardini’s 4th career start.

Bernardini paid $27.80 on a $2 win bet. The $2 Exacta of Bernardini and Sweetnorthernsaint (8-7) paid $171.60, the $1 Trifecta with Hemingway’s Key in third (8-7-3) paid $1,956.40, and the $1 Superfecta with 2nd-favorite Brother Derek (8-7-3-6) paid $11,151.20.

Sunday, May 22, 2005

“Communism was much better,” said Tsahiriin Daariimaa Saturday on the eve of Mongolia‘s presidential elections. Polls predict that many Mongolians plan to vote for their former communist rulers — the Mongolian People’s Revolutionary Party (MPRP).

Under communism, “everyone worked for the collective farm,” Daariimaa said. None of her children has a steady job these days.

Myatav Choijav is a Mongolian who shares that view; “Now, some people are very rich and some are very poor. In the old times, the government took better care of us ordinary people,” Choijav said. “Now, the government is very far away from us, especially if you live in the countryside and take care of sheep. Everyone was equal under communist rule,” Choijav said.

Tseveenjav, a 70-year-old sheep herder, agrees: “I will support the MPRP. They always do the right thing.”

Tseveenjav wears the traditional Mongolian thick boots and hat while sitting upon his horse with a dead marmot hung from his saddle. Falcon and Tiger, his sheepdogs, help him keep watch over 500 sheep.

Sambuu Ganbaator, a member of the Democratic Party, has a different opinion from most of his neighbors.

“Too many people forget what the MPRP did to Mongolia,” he said. “They kept Mongolia under a brutal dictatorship. You weren’t allowed to speak your mind.” Now, he said, “you can say anything you want to say and do what you want to live a happy life.”

The MPRP’s candidate, Nambariin Enkbayar, leads the polls and the ex-communist party has said that it is now committed to democracy.

Thursday, December 13, 2007

Although the 2007 Taipei IT Month closed last Sunday (December 9), it attracted more than 750,000 people to visit the show, but it exposed some problems especially on the traffic factor.

Generally on weekdays (December 3-7), the traffic jam at Shi-fu Road often took place in the afternoon as many schools visited the show and several sightseeing buses sometimes parked there for patronages on students. In comparison with Sung-shou Road, Shi-fu Road was sometimes obstructed but not as serious than on weekends because the official shuttle buses played a key role on transportation.

On the opposite way of two weekends (December 1, 2, 8, and 9), it exposed traffic problems as many people visited the show, even though the Traffic Division of Taipei City Police Department set medians around the Taipei World Trade Center and the Taipei 101, and it apparently decreased violations on illegal crossing, Shi-fu Road and Sung-shou Road were still trapped in traffic jams than on weekdays.

Before the launch of the TWTC Nangang in March 2008, governments and show organizers will focus on the traffic issue at the Taipei World Trade Center during the construction of the MRT Taipei World Trade Center Station.

Tuesday, January 15, 2008

Satire site Uncyclopedia, a parody of online encyclopedia Wikipedia, has been labeled by the Malaysian government as dangerous. The Internal Security Department of Malaysia issued the warning today, saying that the site has “messages and information insulting Malaysia”.

The warning notes the creation date of the website as being 5 January 2005, and hosted by Wikia, Inc., both of which are correct. However, it claims Wikia owns Wikipedia; Wikipedia is a charitable non-profit website owned by the non-profit Wikimedia Foundation, while Wikia is an independent, for-profit company.

The report evidently mentions that Uncyclopedia covers Malaysian “history, culture, the political leaders, the government, the national song and the name / history of the national flag,” none of which is “correct”. They accuse the website of helping to reinforce a bad international image of their country.

There are no reports of the site being blocked from access within the country, only this statement, which urges Malaysians not to circulate the content.

Uncyclopedia’s article on Malaysia begins:

The site has fired back with a parody article posted at the site under their UnNews section, titled Uncyclopedia Internal Security Department warns on Malaysia. The article suggests that the “Internal Security Department of the Uncyclomedia Foundation,” which is a facetious and fictitious parent organization of Uncyclopedia, identifies Malaysia “as a dangerous country… It warned its people not to use the country today.”

There are forty-seven individual language editions of Uncyclopedia, including Tolololpedia, which is written in Bahasa Melayu, the Malay language. This is in addition to fictional “language” editions which include Oscar Wilde, Newspeak, N00b, White Supremacist, and Re: PharmaccgRy.

Tuesday, March 13, 2007

Just two weeks after China sent global markets into a tumble, growing worries about sub-prime mortgage lenders in the United States are sending jitters through stock exchanges around the globe. The three major US stock market indices each fell two percent from Monday’s closing price, marking the second-biggest loss of 2007. London’s FTSE 100, Paris’ CAC 40 and Frankfurt’s DAX 30 indices each closed down more than 1 percent.

As the Mortgage Bankers Association reported that late payments on mortgages and home foreclosures in the US homes rose in the fourth quarter to their highest level in years, investors are concerned that not only US banks but also multi-national banks around the globe could have exposure.

More than two dozen sub-prime lenders have closed or sold operations as defaults on those mortgages have risen. “The delinquencies and defaults have started to soar,” said Nicolas Retsinas, director of Housing Studies at Harvard University. “A lot of these lenders started to make loans and lost track of some of the fundamentals.”

New Century Financial Corporation, the second largest sub-prime lender in the US, has recently revealed that its creditors were no longer providing funds and, further, it has become subject of an SEC investigation. The New York Stock Exchange has said it will delist New Century. Accredited Home Loan Lending, another major sub-prime mortgage specialist, said it was seeking fresh capital and waivers on its lending covenants.

Sub-prime lenders provide mortgages to people who do not qualify for loans from mainstream lenders, typically due to their credit histories. The lenders then bundle these mortgages as collateral for loans that they obtain from other financing firms, such as GMAC. Such firms can then repackage these loans and sell them as mortgage-backed securities. These securities may end up in the hands of major multi-national banks such as Citibank, HSBC, and Commerzbank. Each level of lending assumes a level of financial risk, but trouble can arise when the risk tolerances are exceeded. If too many homeowners default on their mortgages, the sub-prime lender can end up defaulting. If too many of these lenders default, as it is feared may be happening now, the defaults can cascade upward. While no one is predicting major bank failures at this point, it is feared that their profits could be hurt.

Thursday, April 22, 2010

A luxury train derailed in South Africa outside the capitol of Pretoria yesterday, killing at least two people and leaving 25 injured.

The train had been entering a station in Pretoria when seventeen cars derailed, apparently during a switch between steam and electric locomotives, although the exact cause is not known. The train had been coming from Cape Town, with 55 passengers and an unknown number of crew on board.

None of the dead were identified, and nationalities were not released. However, a spokesperson for the operator of the train, Rovos Rail, said that passengers were from several different countries, and that most customers of the railroad were from the US or Europe.

Chris Botha, an emergency worker at the scene said that the derailment had produced “absolute carnage.” According to him, “[s]ome of the railway coaches are lying on top of each other and absolute wreckages. They had to use hydraulic rescue equipment to cut some of the people free.” The section of track where the incident occurred has been closed off.

Thursday, October 22, 2020

2020 Melbourne Lord Mayor candidate Wayne Tseng answered some questions about his campaign for the upcoming election from Wikinews. The Lord Mayor election in the Australian city is scheduled to take place this week.

Tseng runs a firm called eTranslate, which helps software developers to make the software available to the users. In the candidate’s questionnaire, Tseng said eTranslate had led to him working with all three tiers of the government. He previously belonged to the Australian Liberal Party, but has left since then, to run for mayorship as an independent candidate.

Tseng is of Chinese descent, having moved to Australia with his parents from Vietnam. Graduated in Brisbane, Tseng received his PhD in Melbourne and has been living in the city, he told Wikinews. Tseng also formed Chinese Precinct Chamber of Commerce, an organisation responsible for many “community bond building initiatives”, the Lord Mayor candidate told Wikinews.

Tseng discussed his plans for leading Melbourne, recovering from COVID-19, and “Democracy 2.0” to ensure concerns of minorities in the city were also heard. Tseng also focused on the importance of the multi-culture aspect and talked about making Melbourne the capital of the aboriginals. Tseng also explained why he thinks Melbourne is poised to be a world city by 2030.

Tseng’s deputy Lord Mayor candidate Gricol Yang is a Commercial Banker and works for ANZ Banking Group.

Currently, Sally Capp is the Lord Mayor of Melbourne, the Victorian capital. Capp was elected as an interim Lord Mayor in mid-2018 after the former Lord Mayor Robert Doyle resigned from his position after sexual assault allegations. Doyle served as the Lord Mayor of Melbourne for almost a decade since 2008.