Saturday, April 17, 2010

US bank Goldman Sachs has been accused of fraud by the American regulator Securities and Exchange Commission (SEC).

According to the SEC, Goldman Sachs failed to inform investors of a conflict of interest in the banks’ marketing of sub-prime mortgage investments, which were being sold at a time of uncertainty in the US housing market. The SEC says that a Goldman subsidiary, Paulson & Co, had been involved in the selection of securities included in the mortgage investments. It had not been disclosed to investors that Paulson had bet that the value of the investments would fall, benefiting Paulson but not those who bought the investments.

The securities, which were combined into a package called Abacus that was sold to investors, lost over $1 billion during the collapse of the US housing industry. According to the SEC, Goldman, Paulson, and the creator of Abacus, a vice-president of Goldman Sachs named Fabrice Tourre, all knew that the housing market was going to collapse, but continued to sell Abacus despite the risks.

Tourre had been in command of selecting the investments within Abacus, and then was the person responsible for selling it to investors. He had told those who invested in Abacus that its components had been selected by an independent party, ACA Management.

In all, 99% of the investments within Abacus were downgraded, and investors lost upwards of a billion US dollars.

The SEC alleged that “Goldman Sachs arranged a transaction at Paulson’s request in which Paulson heavily influenced the selection of the portfolio to suit its economic interests.” In a short response from Goldman, the bank said that “The SEC’s charges are completely unfounded in law and fact and we will vigorously contest them and defend the firm and its reputation.”

Wednesday, July 7, 2010

In light of an oil spill that occurred off the coast of southeast Queensland in 2009, a captain of a cargo ship and four companies are set to appear in court.

In March of last year, the cargo ship Pacific Adventurer, with Filipino national Bernardino Gonzales Santos at the helm, encountered bad weather, which resulted in its fuel tank being damaged by loose cargo, leading to the spillage 270,000 litres of oil into the Pacific Ocean. The oil later washed up on Sunshine Coast beaches as well as Moreton and Bribie islands and was dubbed “one of Australia’s worse environmental disasters” by the media.

Santos and four companies behind Pacific Adventurer face individual counts of discharging oil into the ocean and can be fined a maximum of AU$1.75 million in the case of the companies, while Santos faces a $350,000 fine if found guilty.

Santos is also charged with not taking reasonable action following the incident.

Richard Kendall, an executive of one of the involved companies, Swire Shipping LTD, said today that “[w]e are deeply regretful. But we will vigorously defend the charges […] We stand by Captain Santos, who is a first-class captain”.

Like Swire Shipping, China Navigation Company LTD and Bluewing Shipping LTD, who are both joint owners of Pacific Adventurer, pleaded not guilty to all charges.

However, prosecutor Peter Davis stated that “[t]he prosecution’s case is that the cause of the cargo going overboard was due to faulty lashings […] By failing to maintain the lashings, the defendants acted recklessly,” an act that prosecutors say should see the companies and captain pay.

Wednesday, September 6, 2017

Toronto pop culture convention Fan Expo Canada has wrapped for another year. It ran from Thursday to Sunday. Major panels included Tim Curry and the cast of Rocky Horror Picture Show, Beauty and the Beast voices Robby Benson and Paige O’Hara, actors Kathleen Turner, Richard Dreyfuss, Anthony Daniels, Felicia Day, and child leads from Stranger Things. Canadian television channel Space hosted a Star Trek: Discovery panel with seven lead cast members. On the heels of sister event Toronto Comic Con’s Degrassi reunion event, the lineup included a twentieth anniversary panel with the stars of another Canadian high school television series, Student Bodies.

Heading into its fourth and final season, attendees got a chance to see the season opener of Star Wars: Rebels on Saturday, followed by a panel. The event has had a continuing relationship with the series, screening other episodes previously. The second season premiere of the sci-fi series Travelers was accompanied by a panel including Eric McCormack. Canadian true-crime drama Bad Blood had its world premiere. Other debuts included broadcaster City with the Canadian premiere of Ghosted, with Craig Robinson in attendance, Teletoon with the Canadian premiere of Hotel Transylvania: The Series, and YTV with the new animated series Mysticons.

Anime fans could watch episodes of their favourite shows, including AKB0048, Otaku No Video, Hana Yamata, My Hero Academia, Fairy Tail, and Penguindrum.

The book Star Wars Made Easy, targeted to non-fans to get up to speed on the fictional universe’s various facts and figures, was ironically launched by DK Canada for a room of fans of the franchise. Author Christian Blauvelt answered questions from the audience on topics like his opinion on Midiclorians — he understands fan contention, but suggested that science and religion can co-exist, like in the real world — quizzed the audience on trivia, and signed copies of his book.

Some panels were quite ahead of the curve: one on Star Wars costume and prop building discussed building Porgs figures, despite the film The Last Jedi not being released to theatres yet.

York Regional Police were at the event with United and Unity, two brightly lit characters of their own creation. The force received funding in 2014 from the Provincial Anti-Violence Intervention Strategy to create a short film featuring the character United, receiving positive recognition locally. “Our United superhero program is part of our on-going efforts to connect with our community and show police in a different light,” YRP Constable Andy Pattenden told Wikinews. He explains that the officers who developed the project have a background in film-making, and “serve as an opportunity for us to start a conversation with youth and connect with them at a non-traditional level.”

Star Wars character Jabba the Hutt, a puppet in the 1983 film Return of the Jedi, was re-created by the 501st Legion as an animatronic. The 501st is a fan group that dresses like the series villains for charitable events, particularly those raising funds for the Make-A-Wish Foundation. The new addition to their annual display commanded long lineups throughout the day, from con-goers looking to donate in exchange for a photo-op with the massive, slug-like alien.

• Jabba the Hutt animatronic. Image: Nicholas Moreau.

• Ahsoka, operating the camera at the 501st’s booth. Image: Nicholas Moreau.

• Jawas and Tusken Raiders at a Vikings TV show photo op. Image: Nicholas Moreau.

• Image: Nicholas Moreau.

• Comic Corps of Canada fundraising. Image: Nicholas Moreau.

As with most major conventions, cosplayers were numerous, ranging from simple outfits that wouldn’t raise an eyebrow if worn from day-to-day, to elaborately-created costumes and giant props. Outfits recognized by Wikinews’ reporter ranged from classic characters like the 1960s version of Batgirl and Oswald the Lucky Rabbit, a character created by Walt Disney in 1927, before Mickey, to 2010s characters from creative works like Undertale, Disney Descendants, League of Legends, and Adventure Time. Few characters are too obscure, if they appeal to a fan: the female avatar of “hivemind” character Unity, from a single episode of Rick and Morty, was spotted. One woman “biting” another woman’s arm would be cause for concern most places, but at a pop culture convention, it simply means that “Lilo” is re-enacting a scene with “Mertle”, as seen in the film Lilo and Stitch.

• Batgirl Image: Nicholas Moreau.

• Unity and Rick Sanchez, Rick and Morty Image: Nicholas Moreau.

• Jinx, League of Legends Image: Nicholas Moreau.

• ravetale_au as Undertale character Asriel Image: Nicholas Moreau.

• Undertale characters Asriel and Sans Image: Nicholas Moreau.

• Stiltwalker as W. D. Gaster from Undertale Image: Nicholas Moreau.

• Karli Sal as Lilo and Erin Elliott as Mertle Image: Nicholas Moreau.

• Oswald (Angie Pants Cosplay) and Mickey (Katherinator Cosplay) Image: Nicholas Moreau.

Wikinews talked with Cheryl, the co-host of the weekly video series “Our Didnee Side”, who was dressed as Gadget Hackwrench, a mouse from the 1990s television series Chip ‘n Dale: Rescue Rangers. Speaking for both of the hosts, she said their passion for Disney has “exploded” since starting the YouTube channel, and that they are both “creators. We can’t seem to go a day without making something. We love doing Disney cosplay because it is like a beacon for other people in the fandom to come find us in a sea of other characters.” Conventions like Fan Expo Canada become “a great opportunity to meet like-minded Disney fans, and to possibly escape for the weekend from our ‘boring human’ lives.”

Adrianna Prosser, host of Toronto geek culture community website Geektropolis, spent part of the convention Fan Expo Canada 2017 as the Stay Puft Marshmallow Man. She told Wikinews that “geeking in Toronto is always such a joy, what with amazing cosplay and passionate fandoms coming together at Fan Expo!” She explained that the site tries to keep the feeling of the event going all year, featuring local creators and “geeky” fans, in an effort to bring the community closer together.

Party game Cards Against Humanity — intriguingly available under a non-commercial Creative Commons license — offered a “Free Apologies from An American” booth, where a representative offered regrets to the largely Canadian visitors. The booth’s curtains came into use at least once on Friday, closing when a Trump cosplayer reached the front of the line.

Monday, April 25, 2011

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?r? Satya Sai Baba, one of India’s most prominent spiritual leaders and revered by millions of followers worldwide, died Sunday in a Puttaparthi hospital, following a cardiac arrest. He was 84 and had been in hospital since last month, suffering from kidney failure and respiratory problems.

Followers and devotees of ?r? Baba considered him to be the manifestation of a “living God” on Earth and believed he had powers of magic, such as being able to pull things from out of thin air.

Former Indian Prime Minister Atal Bihari Vajpayee was one of ?r? Baba’s followers, as was international test cricketer Sachin Tendulkar.

Worshippers carried Baba’s image through the streets of Bangalore and extra police were deployed in his hometown of Puttaparthi. In Delhi, masses gathered in temples and some refused to accept Baba’s death.

With an estimated six million followers, Baba saw donations allow for the expansion of his home village to include many temples, a hospital offering free medical care, a university, and an airport. His first permanent facility opened 60 years ago.

Born Sathyanarayana Raju, Baba decided at the age of fourteen that he was the reincarnation of 19th-century guru Sai Baba of Shirdi. The legend runs that Baba was stung by a scorpion and then sang religious chants in a language previously unknown to him. He predicted his death in 2019, as well as a third and final reincarnation in Karnataka state in 2023.

Nobody has been appointed to take over running the trust that promotes the faith, which has over 1,200 centres worldwide. There are fears the family and trust could argue, leading to a government takeover. “If the government has to take over the affairs of Sai Baba’s mission that could spell its end,” warned one devotee.

“Some people out of their mean-mindedness are trying to tarnish the image of Sai Baba,” said Baba in 2000, after allegations of sexual abuse were made against him by young men, claims the BBC highlighted in 2004. “I am not after name and fame. So, I do not lose anything by their false allegations. My glory will go on increasing day by day,” Baba added.

Claims that ?r? Baba was a charlatan and allegations of sexual abuse dogged him constantly. In 1993, six people “died violently in the spiritual leader’s private rooms,” The Guardian reported. No full explanation has ever been given for the deaths, though speculation of a money dispute has been raised.

In a statement, current Indian Prime Minister Manmohan Singh said that the death of the guru was an “”irreparable loss” to India, adding, “He was a spiritual leader who inspired millions to lead a moral and meaningful life even as they followed the religion of their choice.”

The guru’s body is being kept at the hospital amid appeals for his devotees not to flood them to see his body. The public viewing of ?r? Baba’s body will take place Monday and Tuesday, and a funeral will follow. There are to be four days of mourning in his home state, Andhra Pradesh, by decree of the state government.

Saturday, November 26, 2005

Canadian community art group Visual Arts Brampton is looking for entries for its international entry mail art exhibit “Control”.

The exhibit’s entry information discusses the theme of the show: “Are you a control-freak, or more happy-go-lucky? What do you think of corporations’ control on the media and governments? Is your life quickly spinning out of control? Always hitting Ctrl-Alt-Del?”

The exhibition dates have yet to be scheduled, but the show will run in early 2006 at either the Fridge Front Gallery or upcoming World Art Gallery in Shoppers World Brampton, a mall in suburban Toronto.

While it prefers 4 x 6 inch artworks, VAB asks that entries are no larger than 6 x 6 inches. VAB’s address is “Snail Mail Central / 1 Bartley Bull Parkway, Suite 10 / Brampton ON / L6W 3T7”. Entries must be received by January 31, 2006.

This show will help Visual Arts Brampton to continue to build up a reputation in the mail art world. The non-profit community art group is in the process of opening up the World Art Gallery, which will be the first permanent display space to solely exhibit mail art. Over the past few years, the club has organized three general no theme exhibits, and “SAT: An Exhibit of Chairs”, which is running currently.

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