Saturday, May 21, 2005

In an effort to ease complaints by the U.S. and Europe about a heavy influx of low priced Chinese goods, China will raise export tariffs on 74 categories of textile products in June. This follows plans from the U.S. to impose quotas on Chinese textiles and clothing.

Products likely to see an increase from the Chinese move include synthetic fiber shirts, trousers, knit shirts and blouses, cotton shirts, and combined cotton yarn. Last week, similar restrictions were imposed by the U.S. on cotton trousers, knit shirts, and underwear. Currently, a 2.5 cent charge per item is imposed; the new tariff will raise this to the equivalent of 12 cents per piece now. While this is a fourfold increase, it is not expected to affect consumer prices. Because of this, some doubt the tariff will have any effect on correcting the trade imbalance.

This move is in response to U.S. trade quotas imposed due to concerns that increased Chinese goods would put U.S. textile manufacturers out of business. According to Auggie Tantillo, executive director of the American Manufacturing Trade Action Coalition, a textile industry group in the U.S., the move will preserve 10,000 U.S. jobs. The new U.S. trade quota will limit the growth of Chinese textile imports to 7.5 percent compared with shipments over the past year.

Prior to January 1, a global quota system helped regulate the trade. With the quota system gone, fears have arisen that a flood of Chinese goods could undercut U.S. competitiveness in the market. China is able to market its goods cheaply due to an artificially weak yuan. The U.S. Treasury criticized the China yuan policy as “highly distortionary”, posing a major risk to China’s economy itself and to global economic growth. They challenged China to revalue its currency to bring it to a level they believe will allow fairer competition between global manufacturers.

China has disputed the charges of the U.S. Treasury. Chinese Commerce Minister Bo Xilai said, “I believe they are not reasonable”.

Laura Jones, a representative of large retailers, also criticized the move, saying “These restrictions on imports from China will do absolutely nothing to help the U.S. textile industry — and the government knows it.”

China has seen a boom in economic growth in recent years due to growing trade surpluses with the West, but economists worry that the trade gap will cause longer term global economic problems. China’s textile and apparel exports are the most noteworthy example, with exports up over 1,000 percent in some categories this year and the rapid loss of marketshare and jobs by U.S. textile manufacturers.

Beginning in 1978, the Chinese economy has been transforming from a Soviet-style centrally planned economy to more of a free market style system, under the rigid political control of Communist Party of China.

To this end, the government has leveraged foreign trade to stimulate economic growth. The result has been a fourfold increase in GDP, making China the sixth largest economy in the world. By 2012 the People’s Republic of China may have the highest GDP in the world.

According to U.S. statistics, from 1999 to 2004 China’s trade surplus with the U.S. doubled to $170 billion. Wal-Mart is China’s seventh largest export partner, just ahead of the United Kingdom.

However, the gains from their “socialist market economy” have not been without problems. The Chinese leadership has often experienced the worst results of socialism and capitalism: bureaucracy, lassitude, corruption, and inflation. Inflation rates have been an on-going challenge, reaching as high as 17% in 1995.

Environmental deterioration is a longer-term threat to economic growth. In 1998, the World Health Organization reported that China had seven of the 10 most-polluted cities on Earth. Another concern among some economists is that China’s economy is over-heating, and due to its global economic expansion this could have major repercussions among other nations.

Typically, wages have been low and working conditions poor, with workers living in restrictive dormitories and working at boring factory jobs. However, recent labor shortages have started improving conditions, and raising the minimum wage towards the equivalent of 100-150 US dollars per month. The labor shortages are in part a result of a demographic trend caused by strict family planning.

• “Economy of the People’s Republic of China” — Wikipedia, May 22, 2005
• “China raises tariffs on textile exports. Beijing hoping to counter criticism from U.S., Europe.” — CNN, May 21, 2005
• “China to increase export tariffs” — CNN, May 19, 2005

Saturday, May 7, 2005

The 131st run for the roses in Louisville, KY is set for Saturday at Churchill Downs. Post time is 6:04pm EDT under what should be partly sunny skies and a fast track. The 20-horse field contains 10 strong contenders in what promises to be a fast pace out front in the Kentucky Derby.

Trainer Nick Zito, the 2-time derby winner boasts 5 stable horses running the race, and has the odds-on favorite Bellamy Road. The George Steinbrenner owned horse won convincingly in 4 of its last 5 trips. At its #16 post position, it will have to get out quickly, or be on the outside going into the first turn where it would have to fight for position. Given the early starting speed of Spanish Chestnut, it seems unlikely that any horse will easily set the pace.

Showing strong closing in its last 4 races is Bandini, ridden by top New York jockey John Velazquez, a 6-time Breeder’s Cup winner. If this horse can hold onto the pace, watch for him at the finish line.

For today’s 1 ¼ mile race, Jeremy Rose on Afleet Alex looks dangerous, where both horse and jockey are experienced. But it was Wilko who prevailed in their meeting at the Breeders’ Cup Juvenile last October.

A Chicago Tribune computer analysis predicts a win for High Fly, based on its “lack of flaws”. In that prediction they note criteria on which it was calculated, but nothing accounts for the race day excitement of roaring crowds in these 3-year-old thoroughbreds.

Last year the jammed Churchill Downs drew 140,000 people on a rainy Saturday to watch Smarty Jones win. The Derby run is the first leg in USA horse racing’s Triple Crown. The last horse to win the triple crown was Affirmed in 1978.

Tuesday, November 15, 2005

In a move aimed at hampering the near-daily bombing attacks in southern Thailand, all owners of prepaid phones are required to register by midnight local time today or face being blocked.

Originally scheduled for implementation at the end of last year, the move was deferred to allow people more time to register their phones. The policy only applies to the three southernmost provinces that border Malaysia — Pattani, Narathiwat, and Yala — formerly the Malay Pattani kingdom.

Thais from other parts of the country with prepaid phones will also be required to register should they wish to visit the region. When doing so their calls will be treated as roaming, a feature of GSM which allows a user to make and receive calls on a network other than that of their service provider.

Many of the bombs used in the south are believed to be detonated by mobile phone, although most of the more than one thousand casualties in the region have been from drive-by shootings and stabbings.

It is reported that 65% of the near half-million prepaid phones in the region that this would impact have been registered. Prepaid phones are commonplace throughout Thailand and estimates put the number in use throughout the whole country at approximately ten million.

Other efforts to deal with the insurgency in the predominantly Muslim area include an announcement yesterday that approximately 20,000 local villagers will be given training and small arms to help defend their villages. Both men and women will be eligible, and those accepted into the programme will be put onto the government payroll.

Tuesday, April 5, 2005Terry Vo, the 10-year old Australian boy who had two hands and a foot reattached by surgeons after losing them in an accident, has had to have the foot re-amputated. He will be given a prosthetic foot in its place.

The operation to re-attach three limbs was thought to have been a first – but was ultimately unsuccessful, with the foot having died inside, and receiving insufficient blood supply following the surgery to reattach it.

“That would lead to the small muscles in the foot actually constricting, the toes bending over and a deformed …. foot that is sort of clawed over and doesn’t have good sensation,” said plastic surgeon, Mr Robert Love today, on Australia’s ABC Radio.

“Even if you can get all of that to survive, he [would be] worse off than having had an amputation.”

“What is very disappointing is that for the first two days after [the operation] the foot looked absolutely magnificent,” he said.

Terry’s hands were healing well, said the surgeon. The prosthetic foot would allow him to walk normally, since his knee was intact.

Thursday, February 4, 2010

Yahoo announced plans to sell its HotJobs employment search service to Monster Worldwide for $225m, the companies said yesterday. Monster currently controls one third of online jobs postings in the United States. The two companies also struck a three-year agreement under which Monster will provide career and job content for the Internet giant’s homepage in the U.S. and Canada.

Terms of the deal include Monster being paid for providing job-related postings for Yahoo’s homepage in the US and Canada for three years and other expressions of interest. Yahoo, who bought HotJobs in 2001 for $436 million, last month agreed to sell email provider Zimbra to VMWare Inc. for an undisclosed amount, having it acquired for $350 million two years ago.

“HotJobs with its significant customer base plus the traffic agreement are an ideal complement to Monster’s innovative recruitment solutions and global reach,” said Sal Iannuzzi, chairman, CEO and president of Monster Worldwide. “Monster will be able to offer its employers a significantly larger pool of candidates across diverse geographies and industries,” the company said in a statement.

Buying Yahoo out of the online recruitment business leaves Monster with only one major competitor, Careerbuilder.com. “We have substantially added quality traffic, while substantially increasing our customer base,” he added.

HotJobs averaged 12.6 million unique visitors a month, according to Media Metrics comScore. HotJobs generates annual revenue of about $100 million while Monster’s revenue totalled $905 million in 2009. Alexa.com rates HotJobs at rank 3 while Monster.com at rank 531.

== Sources ==

*Mike Swift. “Yahoo to sell HotJobs employment service to Monster for $225 million” — Mercury News, 3 February, 2010

*Nick Zieminski and Alexei Oreskovic. “Monster to pay $225 million for Yahoo’s HotJobs site” — Reuters, 3 February, 2010

Friday, August 27, 2010

Apple Inc. will hold a music-centered event in San Francisco, California on September 1. It has been widely speculated that the company will introduce an updated line of iPod portable music players and a new Apple TV.

The company e-mailed invitations for the event to various media organizations on Wednesday. The message included a picture of a guitar and the time of the event. Apple did not release any information about what products would be involved.

Apple has released new iPods through previous similar events in September in anticipation of the holiday shopping season. This year, Apple may unveil a new iPod Touch with two cameras, similar to their recent iPhone 4 design. It will likely also update the iTunes music store and software.

Speculation about a new Apple TV is mixed. While many blogs are reporting that a refresh of the device will be announced, analysts say that it is unlikely to happen during next Wednesday’s event. According to Reuters, sources are saying that Apple is negotiating with major television networks, including ABC and NBC, in order to provide shows for purchase on iTunes. However, they also reported that the deal has not been completed, and none of the companies involved have commented on the rumors.

It has also been rumored that Apple will introduce a new online music service. In 2009, Apple took over a company that allowed users to stream music online rather than download individual songs. Apple has not confirmed the rumors.

Last September’s media event saw the return of Apple CEO Steve Jobs after he took a break to undergo a liver transplant. This year, the event will be held in San Francisco’s Yerba Buena Center for the Arts, previously used by Apple in April for the unveiling of the iPad.

Wednesday, February 6, 2008

David S. Touretzky, prominent free speech activist and critic of Scientology, discussed his opinions on the recent Internet backlash against the Church of Scientology in an interview with former Scientologist and Wikinews reporter Nicholas Turnbull. The recent conflict on the Internet between critics of Scientology and the Church has been spurred on in declarations by a nebulous Internet entity using the name Anonymous that the Church of Scientology “will be destroyed”. Anonymous has directed recent protests at Scientology centres across the world, which have attracted significant numbers of individuals supporting the cause. In recent e-mail correspondence with Wikinews, a representative of the Church of Scientology declared that the Church considers the activities of Anonymous to be illegal, and that Anonymous “will be handled and stopped”.

Touretzky, a research professor in artificial intelligence and computational neuroscience at Carnegie Mellon University, has been a prominent critic of the Church of Scientology since mid-1995, and has been protesting against Scientology vociferously since then; he has also run websites that publish material that Scientology wishes to keep suppressed from the public eye, such as extracts from Scientology’s formerly-confidential Operating Thetan (OT) materials. Touretzky views the actions of the Church of Scientology as being “a threat to free speech”, and has endured harassment by the Church of Scientology for his activities.

The Church of Scientology continues to suffer damage to its public reputation through increased exposure on the Internet and vocal protests by Scientology critics such as Prof. Touretzky. A recent event that focused intense attention on Scientology’s totalitarian attitude was the leak of an internal Church of Scientology propaganda video to the Internet video sharing site YouTube, in which celebrity Scientologist Tom Cruise spoke heavily in Scientology’s jargon and stated that that “we [Scientology] are the authorities” on resolving the difficulties of humanity. The declaration of war by Anonymous followed shortly after this leak, in the form of a video posted to the Internet.

The ongoing dispute, cast by some as Scientology versus the Internet, brought Scientology terms such as “SP” (Suppressive Person, an enemy of Scientology) and “KSW” (Keeping Scientology Working) into general usage by non-Scientologists from the late 1990s onwards; increased attention has been drawn to Scientology by the release of the Cruise video in addition to media coverage. This focus has caused an even greater propagation of these terms across the outside world, as Touretzky comments in the interview.

Wikinews asked Prof. Touretzky about the impact that the activities of Anonymous will have on Scientology, the public relations effect of the Tom Cruise video, the recent departure of individuals from the Church of Scientology’s executive management, the strategies that Anonymous will employ and Touretzky’s experiences of picketing the Church.