Thursday, June 15, 2017

Yesterday, German football club FC Bayern Munich announced signing of Corentin Tolisso from Olympique Lyonnais. The 22-year-old French international midfielder has signed a five-year contract.

Tolisso joined Lyon’s academy when he was 13-years-old and made 160 appearance for the club in all competitions scoring 29 goals.

Via their official website, Lyon announced that the clubs agreed to a fee of €41.5 million (£35 million) for Tolisso’s transfer. Per the agreement, Lyon may receive a bonus up to €6 million depending on the Tolisso’s performance. This was the highest transfer money Lyon has received till now, the French club said.

Lyon club president Jean-Michel Aulas said Tolisso’s departure was an “emotional and qualitative loss” ^{((fr))French language: ?une perte affective et qualitative} for the club and described him as “an exceptional player, undoubtedly one of the best European in his position but also a man with a strong personality.” ^{((fr))French language: ?un joueur exceptionnel, sans doute un des meilleurs européens à son poste mais aussi un homme à forte personnalité.} He added further “It is also a pride to see a player trained by the Lyon Academy join one of the best clubs in Europe” ^{((fr))French language: ?c’est également une fierté de voir un joueur formé par l’Academy OL rejoindre l’un des meilleurs clubs d’Europe}.

Bayern’s chairman Karl-Heinz Rummenigge reserved similar praise for Tolisso, saying, “We’re really pleased we’ve been able to sign such a young and interesting player ahead of stiff competition from abroad. Corentin Tolisso was Carlo Ancelotti’s wish for our midfield.”

Previously, Bayern had announced signing Serge Gnabry, Sebastien Rudy and Niklas Süle.

Friday, September 15, 2006

A 35-year old woman, Venus Critchfield of Philipippi, West Virginia, United States was convicted of child abuse and sentenced to two to six years in prison.

Critchfield was accused of beating her stepchildren with boards, and using hooks and ropes to secure them and force them to stand for long periods of time. Critchfield also forced the children to continuously eat food and drink, and then eat their own vomit. Her stepson, now aged 17, described the abuse in court.

Circuit Judge Alan D. Moats called this the worst case he has seen in 30 years. “You have never been a mother. You are the antithesis of everything that is a mother.” Moats said in court.

The abuse involved all six of Critchfield’s children, however only some were willing to testify against her.

Critchfield pleaded guilty and was convicted of two counts of child abuse, with injury. The charges pertained to abuse committed from January 2001 until January 2002. She was sentenced to the maximum possible term.

State welfare services had removed the children, now 11-16 years old, from the Critchfields’ care in previous cases.

Jenning Brian Critchfield, the father, is currently serving a 3-15 year sentence for abuse.

Monday, December 22, 2008

A suspected United States military air strike launched by a remote-controlled and unmanned CIA aircraft on Monday morning killed at least 8 militants. Media reports claim that in two separate attacks, three missiles were fired by US drones at South Waziristan’s Karikot and Shin Warsak villages, a tribal area in northwest Pakistan, well-known as center of Taliban and Al-Qaeda activity. The site of the attack is about nine miles (15 km) from the town of Wana in South Waziristan, an ungoverned tribal region.

South Waziristan is the southern part of Waziristan, a mountainous region of northwest Pakistan, bordering Afghanistan and covering some 11,585 km² (4,473 mi²). It comprises the area west and southwest of Peshawar between the Tochi River to the North and the Gomal river to the south, forming part of Pakistan’s Federally Administered Tribal Areas (FATA). The North-West Frontier Province lies immediately to the east. The region was an independent tribal territory from 1893, remaining outside of British-ruled empire and Afghanistan. Tribal raiding into British-ruled territory was a constant problem for the British, requiring frequent punitive expeditions between 1860 and 1945. The region became part of Pakistan in 1947.

A senior security official said that “two vehicles fitted with guns were destroyed,” adding that “the eight people killed were all inside the vehicles.” Pakistani intelligence said they believed the extremists killed were members of local Pakistani Taliban groups. The reports also said that the missiles “targeted vehicles mounted with anti-aircraft guns, and one missile missed its intended target and landed near a house.” A local official said nine other extremists were wounded in the drone strike.

Agence France-Presse has reported that “a missile attack late last month by a US jet killed Rashid Rauf, the alleged Al-Qaeda mastermind of a 2006 transatlantic airplane bombing plot, as well as an Egyptian Al-Qaeda operative, security officials have said.” US unmanned drones have launched not less than 20 missile attacks in Pakistan Afghan border or tribal areas since August. The strikes have raised tensions between Washington and Islamabad.

In November, Prime Minister Yousuf Raza Gilani viewed these missile strikes as flagrant violation of Pakistan’s sovereignty and territorial integrity. He announced his government was considering “a number of options to counter attacks”. BBC has reported, however, that Pakistan “has been reluctant to move either diplomatically or militarily to stop these strikes.” “This has fuelled speculation that the attacks may be part of a secret pact between Pakistan and the US,” it added. Meanwhile, President George W. Bush, last week, said that “you know very well that when it comes to certain matters, the U.S. government doesn’t discuss operations.” He ruled out consultations with other governments, including Pakistan, prior to drone strikes operations.

Friday, October 5, 2007

Johan Boyden is running for the Communist Party in the Ontario provincial election, in the Toronto Centre riding. Wikinews interviewed him regarding his values, his experience, and his campaign.

Thursday, October 3, 2013

A review this week by Wikinews of US Consumer Financial Protection Bureau (CFPB) complaints about mortgages in the United States shows Bank of America leads all lending institutions in complaints.

Since mortgages complaints were recorded in December 2011, 77,622 total have been added to CFPB’s database. 29.2% of these complaints involved Bank of America, with the second most received by Wells Fargo, accounting for 15.5% of all complaints. JPMorgan Chase ranked third by volume of complaints with 9.8%. Ocwen was fourth with 8.7% and Citibank was fifth with 4.8%. Nationstar Mortgage; Green Tree Servicing, LLC; HSBC; PNC Bank; U.S. Bancorp; OneWest Bank; SunTrust Bank; Flagstar Bank; and Select Portfolio Servicing, Inc. each had between 1.0 and 3.8% of total complaints. The remaining 14.4% of all complaints about consumer mortgages were divided between about 530 other lending institutions.

The Motley Fool reported last month that for the past fiscal quarter, the biggest US based mortgage lenders were from first to fifth Wells Fargo, JPMorgan Chase, Bank of America, Quicken Loans and U.S. Bancorp.

According to the US Federal Reserve, debt for family residences stands at US$10.706 trillion for the second quarter of 2013. As of the end of June of this year, Bank of America is the United States’s second largest commercial bank with US$1.343 trillion in domestic assets. Wells Fargo is the fourth largest commercial bank with US$1.251 trillion in domestic assets. JPMorgan Chase is the largest US commercial bank with US$1.329 trillion in domestic assets and US$1.947 trillion in total assets.

The mortgage complaints in the CFPB report include several subproducts. Conventional fixed mortgages account for 27.1% of all complaints. Conventional adjustable mortgages account for 10.0%. FHA mortgages account for 7.7% of all complaints. Home equity loans or lines of credit account for 3.8% of all complaints. VA mortgages are 1.4% of all complaints. Second mortgages and reverse mortgages each account for 0.6% of complaints. The remaining 48.7% of complaints are about other mortgages or other mortgage issues. A few years ago, FHA loans accounted for about 10% of all US mortgages while VA loans accounted for about 3%. Prime loans accounted for over 75% of the market and the rest were subprime mortgages.

California leads all states by volume of complaints with 14768. It is followed by Florida, New York, Georgia and Texas. When complaints are divided by a state’s total population, New Hampshire leads. The state is followed by Washington D.C., Maryland, Georgia and Florida. Complaints do not correlate with national rankings for August’s foreclosure rate by state where Nevada topped the list, followed by Florida, Ohio, Maryland and Delaware.

Two zip codes account for over 1,000 total complaints between them. 565 complaints originated in the 48382 zip code, which is in Commerce Township, Michigan, located in suburban Detroit. 553 complaints originated in the 33071 zip code, in Coral Springs, Florida. According to real estate website Zillow, there are currently 1,033 properties in foreclosure in Coral Springs while Commerce Township only has 131 properties currently in foreclosure. Four other zip codes have 100 plus complaints originating from them. 91730, in Rancho Cucamonga, California, had 158 complaints. 33409, in West Palm Beach, Florida, had 132. 92626, in Costa Mesa, California, had 125 complaints. 92660, in Newport Beach, California, had 122 complaints. Respectively, the towns had 534, 1,068, 153, and 134 properties currently in foreclosure. These numbers are higher than for the cities of a few sampled zip codes where there was only one complaint, such as Gold Hill, Oregon which has 4 properties in foreclosure, and Decatur, Illinois which has 6 properties in foreclosure.

The CFPB categorizes complaints into six categories: “Loan modification, collection,foreclosure” or problems when a person is unable to pay; “Loan servicing, payments, escrow account” or problems with making a payment; “Application, originator, mortgage broker”; “Credit decision / Underwriting”; “Settlement process and costs”, and “Other”. The CFPB says the complaint types indicate consumers “appear to be driven by a desire to seek agreement with their companies on foreclosure alternatives. The complaints indicate that consumer confusion persists around the process and requirements for obtaining loan modifications and refinancing, especially regarding document submission timeframes, payment trial periods, allocation of payments, treatment of income in eligibility calculations, and credit bureau reporting during the evaluation period.” Currently, 59.6% of all complaints against lenders deal with being unable to pay. 25.1% deal with problems in making a payment. 7.0% have to do with the application process.

Of the complaint-heavy zip codes, for 48382 in Commerce Township, Michigan, 98.9% of all complaints have to deal with being unable to pay. Accounting for 23.4% of all mortgage complaints in Commerce Township, 132 of the complaints for being unable to pay were made regarding Bank of America, accounting for 97.8% or all but 3 complaints against them from the zip. 121 of the Bank of America responses in Commerce Township were closed with explanation and 12 were closed with non-monetary relief. 33071 in Coral Springs is different, with 537 of the 553 complaints being categorized under other. Only 11 complaints relate to foreclosure and issues with being able to pay. 92626 in Costa Mesa, where 32% of the mortgage complaints were about Bank of America and 26.4% were about Wells Fargo, had 93.6% of its complaints dealing with being unable to pay. 5 total complaints dealt with payment issues and 3 dealt with applications.

Beyond regional variance in complaint types lodged, the top five mortgage lenders by volume of complaints all had being unable to pay as their top complaint category, ranging between 55.8% for Citibank and 69.4% for Bank of America. Problems with payment accounted for the second largest area of complaints, with Ocwen having the largest percentage of complaints at 31.9% and Bank of America having the smallest at 18.8%. Foreclosure was the top area of complaints for a number of other lending institutions including 1st Alliance Lending, OneWest Bank, Ally Bank, Banco Popular de Puerto Rico, Bank of the West, BMO Harris, BOK Financial Corp, Caliber Home Loans, Inc, Capital One, Deutsche Bank and EverBank.

Nationally, complaints reached a high of 5,840 for January 2013, 1,107 more than the next highest month of April 2013. The total emerging for September is the second lowest since records were first kept in December 2011. On a state by state level, this pattern largely repeats with a major exception for Florida which saw a peak of 849 complaints in June 2012. Then, as now, Florida was one of the top five states in the nation in its foreclosure rate. The national January spike came as the Qualified Mortgage standard required by the The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 came into play. It required mortgage lenders to take steps to insure borrowers could repay their mortgages.

Bank of America’s complaint volume follows the national trend, with a spike in January 2013 with 1,925 total complaints. Unlike nationally, the next month by volume of complaints was February of this year with 1,598 complaints. Prior to that, the highest month was May 2012 with 1,418 complaints. The lowest volume of complaints is September this year with 334.

Wells Fargo matched national trends for volume of complaints by month, with the exception of the current month being the lowest on record for number of complaints with 197 compared to the next lowest month, December 2011, when they had 221. JPMorgan’s complaint volume by month spiked in January and March of this year with 504 complaints. April of this year was the next highest month with 493 complaints, edging out May of last year with 488 complaints. September this year is on track to be the lowest month by complaint volume.

The federal government shutdown is unlikely to impact the current mortgage situation in the United States directly for most consumers, though mortgage processing by the Federal Housing Administration could be slower, resulting in fewer mortgages processed.

Friday, November 10, 2006

George Allen, incumbent Republican Senator from Virginia, conceded the state’s mid-term election to Democratic challenger Jim Webb on Thursday. Democrats have now gained the six seats needed by the party to hold majority control of the Senate.

“The people of Virginia have spoken, they have spoken in a closely divided voice. We have two 49ers,” Allen said during the afternoon press conference in Arlington. Allen garnered 49.25% of the vote, compared to the 49.55% who supported Webb. “I do not wish to cause more rancor by protracted litigation that would not, in my opinion, alter the results.”

The concession by Allen in traditionally Republican Virginia follows what were once prospects for an Allen 2008 presidential bid. An easy Allen re-election campaign to the Senate was expected, but what came was the Democrats ability to frame the election as a national referendum on the war in Iraq. Democrats may have succeeded nationally to draw on the issue of Iraq, but local politics were very much in play in Northern Virginia.

According to the Virginia Pilot, “Unofficial returns gave Democratic nominee Webb a 120,000-vote advantage over Allen in Northern Virginia’s eight localities. But Webb trailed badly across most of the rest of the state and would have decisively lost the election without his Northern Virginia support.” The margin by which Webb won was 9,000 votes.

Allen’s formulaic stance against tax increases, whether for highway taxes to improve congested northern highway and commuter corridors, or outright fiscal conservativism of all taxes in the face of a burgeoning national deficit, worked against him.

The state constitutional amendment banning recognition of same-sex marriage supported by Allen, but opposed by Webb and Governor Tim Kaine, and most Northern Virginians, worked against Allen in the election.

Saturday, February 19, 2005

Feel free to use the Wikimedia sites to solve our Wikinews crossword. Please do not fill it out online as it would spoil it for other people; print it out and fill it in at your own leisure!

< Previous crossword.

Thursday, November 21, 2019

In findings published on Monday in Nature Sustainability, researchers mostly from Pennsylvania State University (Penn State) in the U.S. reported the invention of a new coating that could reduce bacterial growth, water waste, and odor when sprayed onto an ordinary house toilet by rendering its surface too slippery for anything to remain attached for long.

According to the research team, half of all people worldwide are affected by limits on their water supply, while daily fresh water usage to flush the planet’s roughly 1 billion toilets and flush urinals is upwards of 141 billion liters (about 37 billion U.S. gallons, 31 billion imperial gallons); which they note is several times larger than the total rate of water consumption for the continent of Africa. Inventions that render the facilities more water-efficient, they reason, could have a profound impact on wastewater management, sustainable water use, and sanitation, possibly cutting the amount of water used to flush waste by, reportedly, a factor of two.

“Our team” study co-author Tak-Sing Wong said in a press release “has developed a robust bio-inspired, liquid, sludge-, and bacteria-repellent coating that can essentially make a toilet self-cleaning[.]” Wong is Penn State’s Wormley Early Career Professor of Engineering and an associate professor of mechanical engineering and biomedical engineering.

Co-developer Jing Wang recounted, “When we put that coating on a toilet in the lab and dump synthetic fecal matter on it, [the synthetic fecal matter] just completely slides down and nothing sticks to [the coated surface.]”

The more something sticks to a surface, the more water it takes to rinse it off. The researchers reported inventing a coating good at resisting substances that are sticky and vary profoundly in viscosity across their mass—like human fecal matter. They also reported the coating repels bacteria, which has implications for preventing the spread of disease and certainly reduces smells.

The invention, called a liquid-entrenched smooth surface (LESS) coating, involves two separate treatments, both presented as suitable for spraying onto ceramics amongst other materials. The first spray is made of molecularly grafted polymers, specifically polydimethylsiloxane silicone, that Wang described as resembling human hairs — though vastly thinner — once it has dried on the target surface, which makes the surface very smooth. The second spray covers the target surface in silicone lubricant. According to the report, the two-spray process is complete in under five minutes and lasts for roughly 500 flushes before requiring reapplication. Existing treatments have tended to take hours to set.

Carl Hensman of the Bill and Melinda Gates Foundation, which offered a contest for redesigning the toilet some years ago, noted the ingredients in the sprays are also found in commonly used products like — in the case of the first spray — toothpaste, and are unlikely to pollute nearby water supplies; though he also remarked that, because the spray wears off, it was unlikely to be used widely in developing countries as the researchers claim to hope.

Wong and three of his co-authors have started a company, spotLESS Materials, to transform their invention into a product. He remarked, “As a researcher in an academic setting, my goal is to invent things that everyone can benefit from […] As a Penn Stater, I see this culture being amplified through entrepreneurship, and I’m excited to contribute.” They have received support from the Rice Business Plan Competition, Ben Franklin Technology Partners’ TechCelerator, Y-Combinator, and the United States’ National Science Foundation, Department of Energy, and Office of Naval Research.

Thursday, October 4, 2007

Glenn Crowe is running for the NDP in the Ontario provincial election, in the Bramalea-Gore-Malton riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Crowe did not reply to various questions asked.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Sunday, February 13, 2011

With a fourth-quarter investment earnings of $3.9 Billion CAD, largely driven by stock market rises, the Canada Pension Plan’s (CPP) assets rose to $140.1 Billion reported the CPP Investment Board on Thursday.

Rate of return for the quarter netted three percent, bringing the first nine months of the fiscal year to 8.3%. The fund’s broad exposure to equities, in concert with a good quarter for stocks both in Canada and internationally, was largely to be credited according to CEO David Deneson.

The assets value rose from $127.6 Billion March 31st 2010, to $138.6 B on September 30th, to $140.1 B December 31st. The $3.9 B investment earnings, 3.58 of which came from the 54% of the portfolio in equities, was partially offset by seasonal outlays of $2.4 B to plan members.

The fund was very active throughout the calendar year, and particularly active in infrastructure, real estate, and private equity. As part of a consortium they completed the $4.8 B purchase of UK-based Tomkins plc, as well as purchasing Australian-based Intoll for $3.4 B thus acquiring a 30% stake in the 407 Express Toll Route (ETR) near Toronto — which they expanded purchasing a further 10% stake from Spain’s Concesiones de Infraestructuras de Transporte, S.A. (CINTRA). They acquired a 25% equity stake in Westfield Stratford City, a retail complex adjacent to London’s Olympics venue, among many real estate ventures.

The CPP fund covers every province except Quebec, whose Caisse de Depot et Placement du Quebec is the only larger pension fund in Canada. The five-year annualised investment rate of return for the CPP reserve fund was 3.5%, its 10-year rate of return was 5.6%, at the close of 2010. The fund was established in 1997.