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Monday, December 13, 2010

At least seventeen people were admitted to an Oxford hospital after a coach, operated by the Oxford Tube service, overturned while exiting the M40 motorway near Thame, Saturday evening. There were no other vehicles involved according to Thames Valley Police.

The incident took place at around 2300 GMT Saturday night at junction seven of the M40 near Milton Common, when a coach, belonging to the Oxford Tube service, overturned on a slip road. A police spokesperson stated “The exit slip at junction seven was closed, as well as the A329 in both directions either side of the M40. The coach is in the process of being recovered from the motorway.” The motorway itself remained open.

Sergeant Steve Blackburn of Thames Valley Police stated that “The vast majority [of passengers] were walking wounded or not injured at all and were released either at the scene or shortly after receiving some treatment.”

John Nixon from Oxfordshire Fire and Rescue noted that the coach was lying on its side on an embankment, stating that his crews’ priority had been to stabilise the coach. He added, “There were people laid on the side of the embankment, on the road, covered in space-type blankets to keep them warm”

Although there were no fatalities, five of the injured required surgery, which was undertaken at Oxford’s John Radcliffe hospital. Of the other admissions, a number were discharged by Sunday morning.

A spokesperson for the Oxford Tube was quoted by the BBC as stating that, “Safety is our absolute priority and our immediate thoughts are with those who have been injured in the accident.” They added, “We will be carrying out our own internal investigation and assisting the police in any way that we can with their inquiries into the accident.”

Police have already begun an investigation into the cause of the accident and have requested witnesses come forward.

Tuesday, September 13, 2005

US-based Oracle Corporation announced earlier today that they are buying rival US-based Siebel Systems for $10.66 USD per share. Siebel shareholders have the option to receive the $10.66 per share in cash or in Oracle stock. This deal is valued at approximately $5.85 billion USD. Siebel Systems’ Board of Directors has already voted in favour of the acquisition. Founder Thomas Siebel has also given his support. A special meeting will soon be held for Siebel stockholders to vote on the acquisition. If all goes well the deal should close in the early part of next year.

After acquiring Siebel; Oracle, which specializes in database applications, will become the second largest software company. Oracle has offices in more than 145 countries, and employs over 50,000 people. This acquisition will make Oracle the largest customer relationship management (CRM) applications company in the world. CRM applications include accounting, inventory management and customer management software. “Siebel’s 4,000 applications customers and 3,400,000 CRM users strengthen our number one position in applications in North America and move us closer to the number one position in applications globally”, said Oracle CEO Larry Ellison.

“Today is a great day for Siebel Systems’ customers, partners, shareholders, and employees,” said Thomas M. Siebel, Chairman and Founder of Siebel Systems. Many analysts predicted the acquisition of Siebel after Oracle bought competitor PeopleSoft for $10 billion USD, last December.

Monday, August 22, 2005

The Central Applications Office in Ireland has released the first round of offers for places on third level courses to over 60,000 Irish Leaving Certificate students (graduating secondary school students).

The offers are given out based on a highly competitive points system whereby students receive from

• 100 points for an A1 to 45 points for a D3 at higher level.
• 60 points for an A1 to 5 points for a D3 on lower level.

Points from a student’s best six subjects are added up to make his or her total points. This year 145 students achieved the maximum 600 points. Students achieveing this are generally regarded as the top students academically in the country.

Points required for courses in medicine and nursing have risen again leaving many candidates disappointed. Due to the huge popularity of medicine and the low supply of courses, points for entry into medicine are in the region of 580 points. Points for arts, engineering and commerce have fallen marginally.

While the points system is often attacked for placing too much pressure on students, it has avoided the problem of grade inflation that has occurred in the UK and USA. The Leaving Certificate exam has remained largely unchanged since its inception in 1924. It is often joked that the same questions reappear on the papers every 30 or 40 years.

Wednesday, March 23, 2005

On behalf of the FDA, U.S. Federal marshals have begun seizing beds which have killed at least seven patients out of about 30 who had become trapped by the products. Three versions of the bed were found to be “dangerous to health” by the FDA, with the specific danger of, “placing patients at an increased risk of entrapment and asphyxiation.”

The model numbers of the faulty beds include the Vail 500, 1000, and 2000 Enclosed Bed Systems. The beds are made by Toledo, Ohio-based Vail Products, Inc.

In a government press release, the FDA pointed out that Vail had failed to heed two previous warnings issued by the agency, asking the company to comply with regulations regarding proper labeling and usage directions. The FDA also said that Vail had failed to supply required documentation to the agency to comply with the Medical Device Reporting and Reports of Corrections and Removals regulations.

At the time this story was filed, the Vail web site made no mention of today’s FDA announcement. Toledo’s WTOL News 11 reported that, “Company officials say their beds aren’t dangerous if used properly.” The Vail corporate web site claims that the beds allow, “the patient to move about freely within a safe, padded environment” and “control wandering.”

The FDA is the U.S. agency responsible for regulating food, drugs, medical devices, and cosmetics.

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.”

Monday, November 24, 2008

At 10:30pm on November 23, 2008, near the airport in McGregor, Texas, Space Exploration Technologies Corporation (SpaceX) tested their new Falcon 9 rocket at full thrust for nearly 3 minutes (160 seconds). The engineers then shut down two of the nine engines — in order to limit potential damage to the launch pad — and continued the test for 18 more seconds before finally shutting the rocket down. “We ran the engines just like they would run during flight, but instead of being up in the air, they were held down. They weren’t moving,” said Lauren Dreyer, SpaceX’s manager for business development. This was the Falcon 9’s first major test firing, and it marks a milestone for the company in its plans to capture a section of the commercial launch market.

The test reportedly shook the windows of houses 5 miles away, causing agitation among residents who felt that they had not received adequate warning. “I appreciate the fact that the company notified [the City of] McGregor, but did they not think the test would affect the surrounding communities?” asked commenter Lorena Resident on the website for the Waco Tribune-Herald. Waco lies just east of McGregor.

The Falcon 9 rocket, and its smaller sibling the Falcon 1, are the first rockets capable of entering Low Earth Orbit (LEO) to have their design be privately funded in its entirety. According to SpaceX the Falcon 9 can generate 4 times the maximum thrust of a Boeing 747 while firing in a vacuum, and will eventually be able to perform interplanetary missions in addition to its initial role as an orbital launch vehicle. SpaceX is also designing a crew and cargo capsule for the Falcon 9, which it has named the “Dragon”.

SpaceX is a contender for future commercial contracts from various government run space agencies, with NASA expressing particular interest. NASA will be retiring their fleet of Columbia Class Space Shuttles in 2010, but will not have the Shuttles’ replacements (the Ares I and Ares V rockets) ready until at least 2014. NASA hopes to fill some of this gap using commercial launches from companies such as SpaceX. SpaceX has already reached an agreement with NASA to conduct three test flights of the Dragon capsule in conjunction with the Falcon 9. The first of these flights is expected in 2009.

Elon Musk, CEO and CTO of SpaceX, said, “The full mission-length test firing clears the highest hurdle for the Falcon 9 first stage before launch. In the next few months, we will have the first Falcon 9 flight vehicle on its launch pad at Cape Canaveral, preparing for lift-off in 2009.”

Monday, May 21, 2007

The Cutty Sark, one of the most famous historic sailing ships in the world, was seriously damaged by fire in the early hours of Monday morning, May 21, 2007. The 19th century ship, which is in dry dock in Greenwich, London, England, set a speed record during its working days, and has been a popular tourist attraction for many years.

The fire brigade was first called to the blaze on the tea clipper at 4:45 a.m. BST and reported that the flames had been extinguished by 7:00 a.m., but firefighters were still on the scene damping down at 8.30 a.m. The blaze was so intense that eight fire engines and 40 firefighters were sent to put out the fire. No injuries have been reported.

Cutty Sark Trust chief executive Richard Doughty said he was told the blaze was being treated as suspicious. “We’re losing history,” he lamented. “It’s unbelievable.” He went on: “When you lose the original fabric, you lose the touch of the craftsmen; you lose history itself. What is special about Cutty Sark is the timber, the iron frames, that went to the South China Sea. To think that is threatened in any way is unbelievable. It is an unimaginable shock.”

However, Doughty also confirmed that half of the ship’s planking, and all of the masts and rigging had been removed for renovations prior to the fire. The iron framework of the hull has been twisted and buckled.

The Chairman of Cutty Sark Enterprises, Chris Levitt, speaking later at the scene, said: “We had removed 50% of the planking, so 50% of the planking wasn’t on site and that’s safe and secure, and from where I stand there is not a huge amount of damage to the planking that was left on. There are pockets of charred planking and some have gone, but it doesn’t look as bad as first envisaged.”

Cutty Sark Trust curatorial consultant, Dr Eric Kentley was optimistic that the Ship is not completely devastated and can be saved. Speaking about the Cutty Sark, he said: “We will put her back together – but it’s going to take much much longer and a lot more money than we originally thought.”

The historic ship, one of London’s best known tourist attractions, has been in dry-dock in Greenwich since 1954. It is currently undergoing a £25 million renovation scheduled to last until 2009. It was feared that gas canisters used in the reconstruction work might explode in the blaze but the London Fire Brigade later confirmed that none were present, although concerns about the risk of explosion had caused some delay in tackling the fire. It is a Grade I listed monument and is on the Buildings At Risk Register in the UK.

Police believe the fire on board the ship may have begun in suspicious circumstances. They are studying CCTV footage which showed some movement around the ship in the early hours of the morning. They are appealing for witnesses who might have seen anyone near the ship or a silver car that was reported driving away from the scene.

The Cutty Sark was built in 1869 by Scott & Linton, Dumbarton in Scotland and completed by Dennys. It is the world’s last surviving tea clipper. Because the clippers were build of wood, but with a framework made of iron, they marked the transition from wood to iron. The windjammers that emerged some 30 years later were build completely of iron or steel.

The clippers were used in long-distance races between China and England, with large profits for the first ship back with the first tea of the year. The Cutty Sark sailed in the China trade between 1870 and 1877/78. She sailed in the Australian wool trade between 1883 and 1895, during which period she achieved the record breaking voyage under wind power between Australia and England via Cape Horn of 72 days in 1885.

The ship takes its name from a character in Burns‘ poem ‘Tam o’ Shanter.