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Wednesday, August 29, 2007

Arung Samudera, the Indonesian naval tall ship that was recently grounded off Queensland, Australia, has been salvaged from the beach at Inskip Point and is currently being towed to Brisbane for repairs.

The 35m vessel has been stranded since last Thursday, when she was grounded whilst on her way to the APEC meeting in Sydney. The ship is expected to berth in Brisbane near the naval barracks at approximately 11 a.m. (AEST).

The tri-masted sailing training vessel, built in New Zealand, is believed to be seaworthy, but has serious damage to her keel and rudder. After the completion of repairs, the ship is expected to continue to Sydney, although it will not reach it in time for the APEC meeting.

The ship’s 18-man crew are said to be “very happy” with developments. According to the Australian Navy’s Commander Forbes Peters, Indonesian officials are as pleased as the ships crew, with Peters saying “The naval attache and the first secretary to the ambassador are on site here and they cuddled Lieutenant Commander Larry Cook. They are over the moon and I’m sure the commanding officer is as well, even though he’s currently at sea on his ship.”

Monday, September 7, 2015

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

Tuesday, September 18, 2007

A 21-year old American student has been tasered by campus police at a political forum held at the University of Florida. Andrew Meyer was taking part in a forum with former Presidential Candidate John Kerry and was asking Mr. Kerry why he did not contest the previous election results.

Mr. Meyer was removed from the crowd, after becoming disruptive when he exceeded his allotted questioning time, and attempted to arrest the man for breach of the peace. After attempting to resist arrest, he was wrestled to the ground by six officers. He was then tasered. The student can be heard in video clips screaming during his arrest and also shouting for help.

Mr. Meyer was charged with breaking the peace and was detained overnight by local police.

The move by the campus police has drawn criticism from many including fellow students who have called for the officers concerned to be suspended. A campus spokesman said that an internal review would be carried out to determine if the use of the taser was appropriate.

Sunday, November 11, 2007

Besides becoming a political stomping ground for the Pan-Green and Pan-Blue coalitions, there are other changes from past years of Taipei Audio Video Fair (TAVF). With those changes in mind, Wikinews reporter Rico Shen interviewed You-peng Wang, chairman of the Taipei Electrical Commercial Association (TECA), the main organizer of TAVF, about the 60th year anniversary of TECA and the changes to the show.

Saturday, March 25, 2006

Student protests against the French Prime Minister Dominique de Villepin job reform plan to give employers the right to dismiss young employees within the initial two years of their employment turned increasingly violent over the last two weeks.

The controversial program called the CPE, “First Job Contract”, is to encourage employers to hire people under the age of 26. The French government claims that this process is necessary to reduce the unemployment rates of young people, which is pegged as high as 23% (this rate is the quotient of the number of people under 26 deemed to seek employment over the total of those employed and deemed to seek employment, which excludes the large proportion of students in that population). However, student protestors and trade unions say that the legislation infringes on workers’ rights, and opinion polls show that some two-thirds of the population want the CPE either modified or dropped altogether.

The CPE allows employers to hire people age 26 and younger on a contract for up to two years which may be terminated at any time without explanation. While supporters of the law say that it will make younger people more attractive for employers, opponents say it makes it harder for young people to find long-term employment as there is no incentive for employers to offer any other form of contract.

Labour unions and student organisers are calling for a national strike on Tuesday, the fifth strike in the past two weeks.

The French labor laws are claimed to be among those protecting employees the most in Europe; they prevent employers from trimming their workforces without paying substantial severance packages. Prime Minister de Villepin’s claims to intend to reduce youth unemployment by focusing on attracting modern industries relying on higher employee turnover and more flexible employment arrangements.

The current program is similar to the CNE ordinance the Prime Minister issued last summer for small businesses in France.

CPE was adopted under an exceptional “fast-track” procedure allowing the executive to pass legislation through Parliament without Parliament having to approve it, known as “49-3” following from the number of the relevant article in the French Constitution. This procedure is normally reserved for important but controversial texts considered a crucial and urgent element of the policies of the Prime Minister. Once 49-3 is declared, the law is considered adopted by Parliament unless the National Assembly votes a motion of censure, which terminates the Prime Minister and his cabinet’s term. Following standard practice when 49-3 is used, a motion of censure was proposed by the opposition, then voted down by the Assembly (in which the ruling UMP party has a majority).