Wiki Actu en

September 17, 2008

WWE Raw Results from Memphis, TN for September 15, 2008

WWE Raw Results from Memphis, TN for September 15, 2008

From Wikinews, the free news source you can write!
Jump to: navigation, search

Wednesday, September 17, 2008

Reigning WWE World Heavyweight Champion Chris Jericho was involved in several controversies on Monday evening. Jericho was told last week that he would face CM Punk, the former champion, in a steel cage match for the title during last week’s episode of Raw. What he wasn’t told was that this would be the first match on the card for this evening, further frustrating the already banged-up champion. The two men would spend nearly twenty minutes attempting to scramble over each other to be the first to scale their way out of the cage, with former champion Punk appearing to dominate for most of the match.

In the end, it would be Jericho who would prevail, after an inadvertent head butt by Jericho sent Punk reeling back towards the middle of the ring, while Jericho haphazardly stumbled backwards through the open cage door. After the match, Jericho would seek out WWE Raw General Manager Mike Adamle, taking issue with being booked to wrestle in four high-profile matches in a three-week time span, and demanded that the rookie G.M. needed to learn how to take care of his champions. The two men left to talk in private.

Later in the evening, John “Bradshaw” Layfield lodged a protest in the middle of the ring after his match, demanding that G.M. Adamle declare him to be the #1 Contender for the WWE World Heavyweight Championship. This brought out another former champion, the injured Randy Orton, who told Layfield that he was not impressed with Layfield’s performances as of late, and that he was no more worthy to be named the top contender than anybody else who had been making those claims lately. This brought out WWE Intercontinental Champion Santino Marella and girlfriend WWE Women’s Champion Beth Phoenix, both of whom have been unhappy with Orton’s remarks about them. The four individuals argued, which then brought out yet another former champion, Dave Batista, to continue the arguments.

G.M. Adamle then appeared on the arena video screens, informing all of the individuals that he would be consulting with current champion Chris Jericho to determine the top contender, which would be announced later in the evening. This would lead to Dave Batista attempting to influence the decisions by attacking Layfield, Marella and Phoenix in the ring, while Randy Orton quickly left.

The evening would end on a surprising note for the champion, however. Chris Jericho returned to the ring, informing the fans and G.M. Adamle that his preference would be that John “Bradshaw” Layfield and Dave Batista would face each other at the WWE “No Mercy” pay-per-view later this month to determine the top contender, and afterwards Jericho would immediately defend the championship against the winner. Adamle came out in front of the live crowd and stated that while he agreed with the idea of the two men fighting for the top contender position at the pay-per-view, he did not like the idea of either of them having to wrestle a second match that night. Instead, the men would face the WWE World Heavyweight Champion at another point in time.

Jericho took exception to this, he wanted to defend the title at the show. Adamle informed Jericho that he would be defending the title against an opponent who asked for a shot at the title earlier in the evening. The fans speculated that this was the returning Shawn Michaels, and they were proven correct when Michaels made his presence in front of the fans. Michaels, who recently defeated Jericho in a vicious “unsanctioned” fight just a few weeks ago at the WWE “Unforgiven” pay-per-view, declared that he wanted one more shot at Jericho to satisfy his personal vendetta as well as chance to claim the championship for himself. Michaels stated that the stipulation would be for a Ladder Match.

HAVE YOUR SAY
Wikinews commentary.svg
Should professional wrestling shows be covered by news sources, like Wikinews?
Add or view comments

Full match results for the evening:

  • WWE World Heavyweight Champion Chris Jericho d. CM Punk to retain the championship
  • Candice Michelle d. Jillian Hall by pinfall
  • John “Bradshaw” Layfield d. Tommy Dreamer by pinfall
  • Manu, Cody Rhodes and Ted DiBiase, Jr. d. Kofi Kingston, Jerry “the King” Lawler and Charlie Haas by pinfall
  • Jamie Noble d. Paul Burchill by submission
  • Rey Mysterio d. Kane by disqualification



Sources

Wikinews
Some information contained in this article was obtained from television, radio, or live webcast sources. Reporter’s notes and the broadcast source details are available at the collaboration page.


Bookmark-new.svg


This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

US Federal Reserve prepares to take over AIG

US Federal Reserve prepares to take over AIG

From Wikinews, the free news source you can write!
Jump to: navigation, search

Wednesday, September 17, 2008

The Federal Reserve took over American International Group (AIG) on Tuesday in an US$85 billion loan, in exchange for a 79.9% stake in the company.

A press release issued Tuesday stated that “the Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.”

The deal allows AIG to draw up to US$85 billion in loans over the next 24 months to shore up the orderly sale of various divisions of the company without further interruption to the economy. In exchange, the Federal Reserve will have a 79.9% equity stake, primarily in the form of equity participation notes. The loan carries an interest rate of LIBOR plus 850 points. Should AIG fail, the loan is covered completely by company assets. Should AIG recover however, taxpayers could potentially recover large profits.

This news comes on the heels of the Federal Reserve refusing to bail out Lehman Brothers, forcing the company to file for bankruptcy on Monday after Bank of America(BoA) and Barclays PLC pulled out of negotiations over the weekend. The fact that AIG has thousands of divisions engaged in business across the globe sets them apart from the recent problems with other banks. AIG was built up over the last several years via the buyouts and mergers of many companies around the world, offering AIG’s stockholders a diverse base of income which allowed it to steadily increase profits.

It is this interconnectedness that had the Federal Reserve worried. Should AIG collapse, it could set off a global chain reaction in multiple markets. In an interview with the New York Times, former Treasury official Roger Altman said, “It’s the interconnectedness and the fear of the unknown. The prospect of the world’s largest insurer failing, together with the interconnectedness and the uncertainty about the collateral damage — that’s why it’s scaring people so much.”

While AIG, like many other banks, found itself embroiled in the middle of the sub-mortgage lending crisis, AIG has also been struggling to deal with controversies in other complex financial instruments such as credit default swaps. These markets have been exploding for several years, but due to lack of regulation by the government, recent reversals have seen AIG’s stock value tumble by over 90 percent in the last year.



Icon of loudspeaker
This audio file was created from the text revision dated 2008-09-18 and may not reflect subsequent text edits to this report. (audio help)
Audio Wikinews


Related News

Sources

Bookmark-new.svg


This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

Russian stock markets suspended amid market turmoil

Russian stock markets suspended amid market turmoil

From Wikinews, the free news source you can write!
Jump to: navigation, search

Wednesday, September 17, 2008

Economy and business
Euro coins and banknotes.jpg
Related articles
Collaborate!
  • Pillars of Wikinews writing
  • Writing an article

Trading on Russia’s major stock markets has been suspended for a second consecutive day due to the ongoing turmoil in the financial markets around the world.

The suspension took place due to an order of the Russian government’s Federal Service for the Financial Markets, which demanded the suspension. “It took too long for the money to get into the system,” said Uralsib analyst Chris Weafer commenting on this decision. “They were afraid of panic selling so they stopped the market.”

Before the suspension, the RTS exchange fell by 6.39 percent in just two hours, while the MICEX index started the day with an increase, before falling again. This day was the worst day in Russia’s market since the country’s 1998 financial crisis

Several financial markets have continued to lose value. The primary British index, the FTSE 100, dropped in value by 2.36%, which is 118.40 points, to below the 5000 mark at 4907.20. The Dow Jones, was down 2.62% at 16:08 UTC, a slight increase from earlier today. The Dow Jones currently has a value of 10769.00 points. The NASDAQ index has fallen by -3.16% to 2138.14, while the Dax was 1.75% lower than the start of the day at 16:08 UTC.

The Russian Government has also announced the injection of 44 billion dollars into the Russian economy. The cash injection will take place through VTB, Sberbank and Gazprom Bank, which are all state run banks.



Icon of loudspeaker
This audio file was created from the text revision dated 2008-09-18 and may not reflect subsequent text edits to this report. (audio help)
Audio Wikinews


Sources

Bookmark-new.svg


This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

Doha round negotiations might restart in a matter of weeks

Doha round negotiations might restart in a matter of weeks

From Wikinews, the free news source you can write!
Jump to: navigation, search

Wednesday, September 17, 2008

Logo of the World Trade Organisation

The head of the World Trade Organization (WTO) has called for trade negotiations to restart on the Doha Development Round, citing the need for the round to be concluded to help the global economy. Pascal Lamy, Director-General of the WTO, speaking at a United Nations conference, said “In the weeks to come, and depending on progress made by the negotiators, I am ready to call Ministers to Geneva to try and close the issues which remain open so that the scheduling process in both areas can commence.”

The Doha round of talks, named after Doha, the capital city of Qatar, where it was inaugurated in November 2001, focuses heavily on creating a fair system of trade for the benefit of developing countries, in particular for trade in agricultural products.

The last major negotiations collapsed in July, after nine days of talks, over issues of agricultural trade between the United States, India, and China. Since then, a series of small negotiations have been held. Lamy called for a ministerial level conference, which would involve ministers from member states.

HAVE YOUR SAY
Wikinews commentary.svg
Do you think an agreement on the Doha round will help the global economy?
Add or view comments

The WTO believes that a completed deal will restore confidence in the global economy and improve the global outlook. Lamy said, “A failure of the Doha Agenda would have serious implications on the ongoing efforts by all developing countries to address their challenges and in particular to meet the UN Millennium Development Goals. The reasons why we must conclude the Round are visible to all of us and are becoming more critical by the day as the economic and financial outlook continues to deteriorate.”

Since the collapse in July, there has been a willingness by member states to hold negotiations again. The United States has been willing to hold negotiations even though the U.S. presidential election will be held in November and a shift in policy on the Doha round might occur as a result of the election.

Huang Rengang, a senior diplomat at China’s WTO mission, told Reuters, “The problem now is that often in the negotiating rooms you find that some members are obsessed with market access rather than development, are obsessed with inventing new terms like ‘key emerging countries'”.



Sources

Bookmark-new.svg


This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

Discovery sheds light on flow of water in carbon nanotubes

Discovery sheds light on flow of water in carbon nanotubes

From Wikinews, the free news source you can write!
Jump to: navigation, search

Wednesday, September 17, 2008

This illustration demonstrates one form a carbon nanotube can take.
Image: Arnero.

Experiments during the past several years examining membranes formed from carbon nanotubes have demonstrated potential for a variety of applications, perhaps most notably economical filtration of water for desalination. But something that has consistently confused researchers is that the rate of flow for water passing through these special membranes is considerably higher than would be predicted by classical physics. In some experiments the flow rate was up to 10,000 times the speed expected. In addition, recent measurements by a team at Lawrence Livermore National Laboratory conducted via nuclear magnetic resonance showed that the water passing through nanotubes exhibits very different properties in comparison to bulk water.

In a press release Tuesday the News Bureau of the University of Illinois at Urbana-Champaign highlighted a recent finding that offers one possible explanation for the phenomenon. The research, published in Physical Review Letters last month (doi:10.1103/PhysRevLett.101.064502 ), used molecular modeling to analyze the predicted behavior and interactions of individual water molecules passing through a nanotube.

UIUC researchers Narayana R. Aluru, a professor of mechanical science and engineering, and doctoral student Sony Joseph found that the chemical polarity of H2O and what they describe as “confinement effects” within the bounds of smaller nanotubes cause the molecular movements to couple. Due to the water molecules interacting and orienting themselves in response to one another they flow in a more orderly helical or corkscrew pattern through the nanotube. This flow pattern may explain some of the experimental results obtained by other scientists.

Hopefully this discovery is another step towards an affordable technology to produce plentiful potable water for drinking, irrigation of crops, and other purposes, a vital resource that is in short supply in many parts of the world.



Icon of loudspeaker
This audio file was created from the text revision dated 2008-09-18 and may not reflect subsequent text edits to this report. (audio help)
Audio Wikinews


Sources

Wikipedia
Wikipedia has more about this subject:
Nanofluidics
Bookmark-new.svg


This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

Stock markets worldwide fall dramatically

Stock markets worldwide fall dramatically

From Wikinews, the free news source you can write!
Jump to: navigation, search

Wednesday, September 17, 2008

Stock markets around the world, particularly those in the United States, have fallen dramatically today. This is due to the ongoing events in the financial world, including the bailout of large insurance firm AIG by the US Federal Reserve.

The primary UK index, the FTSE 100, dropped in value by 2.36%, which is 118.40 points, to below the 5000 mark at 4907.20. The Dow Jones was down 2.62% at 16:08 UTC, a slight increase from earlier today. The Dow Jones currently has a value of 10769.00 points. The Nasdaq index has fallen by 3.16% to 2138.14, while the Dax was 1.75% lower than the start of the day as of 16:08 UTC.

The Japanese index the Nikkei was one of the few to rise in value over the day. It ended up 1.2%, although this follows a large fall in the value of the index when it hit an all time low yesterday.

Darren Winder, a market analyst from Cazenove, said that “I don’t think anyone has got any or much confidence in market direction for more than a few days.”

A lot of today’s activities in the market were related to the takeover of the American International Group (AIG) on Tuesday in an US$ 85 billion loan, in exchange for a 79.9% stake in the company.

The fact that AIG has thousands of divisions engaged in business across the globe sets them apart from the recent problems with other banks. AIG was built up over the last several years via the buyouts and mergers of many companies around the world, offering AIG’s stockholders a diverse base of income which allowed it to steadily increase profits.

In addition, the markets have also had difficulties during the past week after the refusal of the Federal Reserve to bail out Lehman Brothers, forcing the company to file for bankruptcy on Monday after Bank of America (BoA) and Barclays PLC pulled out of negotiations over the weekend.



Icon of loudspeaker
This audio file was created from the text revision dated 2008-09-18 and may not reflect subsequent text edits to this report. (audio help)
Audio Wikinews


Sources

Bookmark-new.svg


This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

Controversy after leak of preliminary report into Spanair disaster

Controversy after leak of preliminary report into Spanair disaster

From Wikinews, the free news source you can write!
Jump to: navigation, search

Wednesday, September 17, 2008

The jet before it crashed

Spain’s Ministry for Development has leaked a preliminary report into the crash of Spanair Flight 5022. The McDonnel-Douglas MD-82 that was lost at Madrid‘s Barajas Airport in Spanair’s first and only fatal accident resulted in the deaths of 154. Controversy has come as a result of both the documents’ contents and the fact that it was leaked at all.

According to the report, the airliner was defective for as yet undetermined reasons. The wing flaps failed to move into the required configuration for takeoff, and the alarm system that would normally alert pilots failed to activate, leaving the pilots unaware of the impending crash. The report goes on to note that after a similar accident befell Northwest Airlines Flight 255 in the United States in 1987, also with 154 dead, manufacturer McDonnel-Douglas (since merged with Boeing) told operators of MD-82s that they recommended pilots verified the alarm system was operational before every takeoff.

Spanair, however, did not follow this advice and instead trained pilots to check the system before the first takeoff each day and after each change in flight crew. The plane had been taken to Madrid from Barcelona earlier that day with the same flight crew, and therefore the pilots were not expected to check the alarm.

File:Columnas de humo del accidente aéreo de Madrid-Barajas (2008).jpg

Smoke rises after the crash
(Image missing from commons: image; log)

Spanair’s director of operations, Javier Muela, has responded by denial that the primary cause of the crash was the alarm’s failure, as was implied by the report. He did confirm that the airline was not following the recommendation from the airframer, but in his defense said that “Spanair did not exist” at the time – “it was made in 87, Spanair was founded in 88,” he said. He also said the airline’s independent experts did not believe the reports claims about the incorrect flap position was accurate.

Typically, airliners come with documents detailing operating recommendations among other details, but newspapers have not confirmed that Spanair did in fact receive this information with any of its MD-82s.

Regardless of the report’s accuracy, further controversy has arisen over its status, with a pilots’ union enraged over the fact that it was ever made public. The Pilots College, COPAC, expressed an intention to bring legal action against the Ministry for Development. The union say the ministry broke protocols on both confidentiality and law.

Meanwhile, the investigation continues. It remains unclear why the systems on the aircraft failed, if they indeed did, although Spanish paper El Pais speculates it may be linked to a faulty temperature gauge on one of the engines, which caused the first attempted takeoff to be aborted and delayed the flight an hour. Javier Pérez, the judge in charge of the investigation, will examine the contents of the aircraft’s flight recorders tomorrow. It is also reported that he is unlikely to call any witnesses to the disaster.



Icon of loudspeaker
This audio file was created from the text revision dated 2008-09-18 and may not reflect subsequent text edits to this report. (audio help)
Audio Wikinews


Sources

Bookmark-new.svg


This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

Explosions near U.S. embassy in Yemen

Filed under: Disputed,Yemen — admin @ 5:00 am

Wednesday, September 17, 2008

Other stories from Yemen
…More articles here
Location of Yemen

A map showing the location of Yemen

To write, edit, start or view other articles on Yemen, see the Yemen Portal
Portal:Yemen

A series of explosions struck near the United States embassy in the Yemen capital Sanaa on September 17. Info suggests 16 died after an car bomb was set of at the embassy’s gates, which was followed by a brief gunfight.


Sources

This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

Tarja Turunen to perform at Doro Pesch\’s 25th anniversary concert and record duets with her

Tarja Turunen to perform at Doro Pesch’s 25th anniversary concert and record duets with her

From Wikinews, the free news source you can write!
Jump to: navigation, search

Wednesday, September 17, 2008

Tarja onstage in Belgium

Tarja Turunen, a Finnish symphonic rock artist best known for being the former frontwoman of symphonic power metal band Nightwish, has been scheduled to appear at the 25th anniversary concert of heavy metal vocalist Doro Pesch. Pesh, like Turunen, first gained fame fronting a band, in her case Warlock.

Doro Pesch performing in Holland

Doro and Tarja are now also confirmed to be planning to record duets with each other. Doro will feature on Tarja’s next solo album, while Tarja will sing a role in Doro’s upcoming 25th-anniversary album.

Tarja announced the planned duets at the same time as confirming her appearance at the December 13th concert in Düsseldorf, Germany’s ISS Dome, where she says she will perform “a new song and an old song”. At the same time, Norwegian symphonic metal band Leaves’ Eyes have also been confirmed for the event.

When making the announcements Tarja also said “there will be a co-operation between me and Doro in the future” although it was unclear if this refers to a more permanent arrangement or simply that which has been announced now.



Sources[]

Bookmark-new.svg


This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the Creative Commons Attribution 2.5 licence. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.

US Federal Reserve prepares to takeover AIG

Filed under: Economy and business — admin @ 5:00 am

Wednesday, September 17, 2008

Related news
on Wikinews
Collaborate!
  • Newsroom
  • Style Guide – how to write
  • Content Guide – what to write

Above photograph taken by Dan Smith

The Federal Reserve has taken over American International Group (AIG) on Tuesday in an US$ 85 billion loan, in exchange for a 79.9% stake in the company.

A press release issued Tuesday stated, “The Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance.”

The deal allows AIG to draw up to US $85 billion in loans over the next 24 months to shore up the orderly sale of various divisions of the company without further interruption to the economy. In exchange, the Fed will have a 79.9% equity stake, primarily in the form of equity participation notes. The loan carries an interest rate of Libor plus 850 points. Should AIG fail the loan is covered completely by company’s assets. Should AIG recover, however, taxpayers could recover huge profits.

This news comes on the heels of the Fed refusing to bail out Lehman Brothers, forcing the company to file for bankruptcy on Monday after Bank of America(BoA) and Barclays PLC pulled out of negotiations over the weekend. The fact that AIG has thousands of divisions engaged in business across the globe sets them apart from the recent problems with other banks. AIG was built up over the last several years via the buyouts and mergers of many companies around the world, offering AIG’s stockholders a diverse base of income which allowed it to steadily increase profits.

It is this interconnectedness that had the Fed worried. Should AIG collapse, it could set off a global chain reaction in multiple markets. In an interview with the New York Times, former Treasury offical Roger Altman said, “It’s the interconnectedness and the fear of the unknown. The prospect of the world’s largest insurer failing, together with the interconnectedness and the uncertainty about the collateral damage — that’s why it’s scaring people so much.”

While AIG, like many other banks, found itself embroiled in the middle of of sub-mortgage lending crisis, AIG has also been struggling to deal with controversies in other complex financial instruments such as credit default swaps. These markets have been exploding for several years, but due to lack of regulation by the government, recent reversals have seen AIG’s stock value tumble by over 90 percent in the last year.


Related News

Sources

  • Michael J. de la Merced and Eric Dash “Fed to Loan A.I.G. $85 Billion in Rescue”. New York Times, September 16, 2008
  • “Federal Reserve Press Release”. U.S. Federal Reserve, September 16, 2008
  • Matthew Karnitschnig, Deborah Solomon, Liam Pleven and Jon E. Hilsenrath “U.S. to Take Over AIG in $85 Billion Bailout; Central Banks Inject Cash as Credit Dries Up”. Wall Street Journal, September 17, 2008
This text comes from Wikinews. Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. For a complete list of contributors for this article, visit the corresponding history entry on Wikinews.
Older Posts »

Powered by WordPress