Thursday, September 1, 2005

Yesterday, President George W. Bush authorized the release of oil from the Strategic Petroleum Reserve due to Hurricane Katrina’s effects on oil refineries in the Gulf Coast.

The decision was made late Tuesday and announcement was made Wednesday.

The Strategic Petroleum Reserve consists of 700 million barrels of oil located in salt caverns along the Texas and Louisiana coast. The Strategic Petroleum Reserve is meant to act as a cushion for the oil market during disruptions of energy.

Energy production was interuppted by Katrina as more than 735 oil and natural gas rigs had to be evacuated. This shut down 95 percent of crude production and 88 percent of natural gas output in the Gulf of Mexico.

Monday, June 13, 2016

The following is the first edition of a monthly series chronicling the U.S. 2016 presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

In this month’s edition on the campaign trail: a former Republican congressman briefly joins the Libertarian Party and runs for vice president; the Democratic Party names its National Convention Platform Drafting Committee amid controversy; and Wikinews interviews a candidate who had a surprisingly strong performance in the West Virginia Democratic presidential primary.

Tuesday, February 15, 2005

Dublin – Yahoo!, the internet portal, today announced it has chosen Dublin, Ireland as the location of its European Headquarters. Ireland beat off stiff competition from other European countries to win the investment. The move is expected to create over 400 jobs – two thirds of which are expected to be for graduates with skills in information technology, financial services, customer support and website editorial.

Earlier in the month, Ireland lost a potentially multi-billion euro investment by Dell for a new manufacturing facility to Scotland. This was a huge disappointment for IDA Ireland – the countries main development agency – which had offered heavy incentives to the US computer maker. This brought about fears that Ireland had lost its ability to attract high-value investments from foreign multinationals – the driving force of Ireland’s Celtic Tiger economy.

Speaking about the investment, the Irish Minister for Enterprise, Trade and Employment, Micheál Martin, said winning the Yahoo project was a “truly outstanding achievement for Ireland”. Yahoo’s Senior Vice President International, John Marcom, said the decision to locate its European operations headquarters in Ireland was influenced by a “number of factors” which included “the calibre and volume of graduates available in Ireland, the up to date cost competitive telecommunications and data centre infrastructure, and the assistance of IDA Ireland.”

Yahoo is one of the world’s largest internet companies. Its decision to locate in Ireland confirms Dublin’s continued attractiveness to internet and technology companies – Google, Bell Labs, eBay, Microsoft, Amazon and Oracle all have significant Irish operations.

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Friday, December 19, 2008

Camera company Polaroid has filed for Chapter 11 bankruptcy protection in the United States. The firm, famed for the introduction of instant photography, says alleged fraud by the founder of their parent group is to blame.

Owned since 2005 by Petters Group Worldwide, Polaroid says that the group’s founder Tom Petters is “under investigation for alleged acts of fraud that have compromised the financial condition of Polaroid.” Authorities believe Petter, currently in police custody, was running fraud worth £3 billion, something he denies.

Petters Group, itself, filed for bankruptcy in October. Both firms now face restructuring, which Polaroid is confident won’t affect daily operations — in fact, the company is “planning for new product launches in 2009,” and claims to have “entered bankruptcy with ample cash reserves sufficient to finance the company’s reorganization under Chapter 11.”

Polaroid has further said that employees will be paid without interruption, and that while members of Petters Group are under investigation for fraud, Polaroid’s management is not. The company, based in Minnesota, also has subsidiaries which will enter bankruptcy with it.

Thursday, June 30, 2005

6,000 residents of Lismore in NSW have been told to evacuate their homes.

A couple is missing on the Gold Coast in Queensland. State Emergency Services (SES) workers are currently preparing to evacuate a number of nursing homes in the suburbs of Southport and Burleigh.

The Australian Bureau of Meteorology (BOM) have said that South East Queensland has recorded rainfalls of 368mm in the last 24 hours and that the Gold Coast suburb of Coolangatta has been averaging 80mm per hour for at least two hours. The Coolangatta airport was closed due to flooding.

Further south the city of Lismore has been inundated. A recently constructed levy has held back the waters of the Wilson river, protecting the town’s central business district.

Monday, November 6, 2006

Gatorland, an Orlando, Florida tourist attraction known for its gator wrestling shows and its conservation programs for alligators, crocodiles, and other reptiles and birds, was heavily damaged by fire on Monday morning, November 6, 2006.

The four-alarm fire was reported at 5:55am EST. The entrance building, which contains the administration offices and the gift shop, was destroyed. The only thing left standing of it was its iconic gator head front gate, whose upper jaw was almost completely charred.

At least four animals — two gators and two snakes, which were being kept near the gift shop — were feared dead. No humans were hurt. The other gators in the public display took refuge in the central pools, and were okay. The birds were in the aviary in the back, and were in no danger.

None of the attraction venues beyond the gift shop, however, were damaged. Gatorland hopes to reopen for tourists in a week, using a temporary entrance.

Orange County Fire Rescue is investigating the cause of the fire.