Author: Admin

Wednesday, April 1, 2009

According to the payroll services company ADP, United States private sector employers cut 742,000 jobs in in March. The figures were almost 80,000 more than the average analyst prediction of 663,000 losses. This is the largest monthly payroll decline since January 2001, when the ADP began tracking job activity.

ADP also updated its job loss statistics for February, from 697,000 to 706,000.

“The sharp employment declines among medium- and small-size businesses indicate that the recession continues to spread aggressively beyond manufacturing and housing-related activities to almost every area of the economy,” said Joel Prakken, the chairman of the company that conducts the ADP survey, Macroeconomic Advisors LLC.

“Despite some recent indications that stock prices, consumer spending, and housing activity may be bottoming out, employment, which usually trails overall economic activity, is likely to remain very weak for at least several more months,” he added.

The US Labor Department‘s report for employment statistics for March is due to be out on Friday. Analysts predicted that the department will announce the unemployment rate increased to 8.5% with 660,000 jobs eliminated in March. However, the bad news from ADP has prompted some to think that the current forecasts are too optimistic.

Thursday, August 20, 2015

Former U.S. Commissioner of Internal Revenue Mark Everson took some time to talk with Wikinews about his campaign for the U.S. Republican Party’s 2016 presidential nomination.

Everson served as Commissioner of Internal Revenue, the administrative head of the Internal Revenue Service (IRS) from 2003 to 2007, during the George W. Bush administration. After his departure, he briefly served as CEO of the American Red Cross, worked in the cabinet of Indiana governor Mitch Daniels, and worked for the tax consulting firm alliantgroup. He announced his candidacy this past March with a sixteen-page open letter in which he outlined the six pillars of his campaign: amnesty for illegal immigrants, reinstatement of the military draft, a promise to serve only a single presidential term, and calls for tax reform, deficit reduction, and corporate responsibility.

He was excluded from the August 6 Fox News Republican presidential debate and has been excluded from most presidential polls. However, he is listed on the Republican Party’s website as one of 18 candidates and filed a Federal Election Commission (FEC) complaint against Fox News for his exclusion from the August 6 debate.

With Wikinews reporter William S. Saturn?, Everson discusses his 2016 campaign, the media blackout of his campaign, and his views on the presidency and the possible Everson administration.

Monday, December 31, 2007

What would you tell your grandchildren about 2007 if they asked you about it in, let’s say, 20 year’s time? If the answer to a quiz question was 2007, what would the question be? The year that you first signed on to Facebook? The year Britney Spears and Amy Winehouse fell apart? The year author Kurt Vonnegut or mime Marcel Marceau died, both at 84?

Let’s take a look at some of the international stories of 2007. Links to the original Wikinews articles are in bold.

Friday, September 19, 2014

Officials said at least fifteen people were killed in an attack on a teachers training college in the Northern Nigerian city of Kano by a group of armed gunmen on Wednesday. Over 30 others were wounded.

News agencies have reported while there has been no claim of responsibility, suspicion will likely fall on the Islamist extremist group Boko Haram. The group has previously targeted Western-style schools within the country, including past attacks on secondary schools.

According to official reports, police first approached the group in the area of the school, concerned about their unusual activity, and the attackers engaged police in a firefight. The attackers gained entry to the school and started throwing bombs.

Nigerian President Goodluck Jonathan described the incident as a “dastardly attack”. He has already declared a state of emergency in three northern states, and is being criticized along with the country’s armed forces for failure to prevent extremist attacks.

A police spokesman said police killed two attackers at the scene.

Thursday, November 16, 2006

According to New Zealand doctor, Doctor Glenn Twentyman from Child, Youth and Family Services at Wiri, South Auckland, hoodies can be a health risk because they block sunlight which causes a vitamin D deficiency, thus weak bones and low energy.

Dr Twentyman said: “It’s the hoodies and the hats and the downward glance of the teenagers, shading your face all the time.”

Dr Twentyman said that every young person that he had tested showed a deficiency of vitamin D. Vitamin D helps vital minerals to be absorbed into the bones. Vitamin D is given to our body from the sun. “A lot of these kids stay away from sunshine. They don’t hang out at the beach or in the bush. Some are into drugs and alcohol and a lot of it is indoor activity and night-time activity. They sleep during the day. They are wearing those hoods and literally they don’t get out in the sun.”

Even though vitamin D is usually absorbed through sun it can also be found in: fatty fish, liver, eggs, full fat milk and butter.

There is an increase in reports of vitamin D deficiency in Oceania. This is most likely because of people trying to cover up because of the higher risk of getting skin cancer due to the ozone hole over New Zealand. His comments come as evidence mounts of increasing vitamin D deficiency in Australasia, partly caused by covering up to avoid skin cancer. Also one student from Tangaroa College, Vincent Wesche, said that he wears a hoodie because “I don’t want to lose my hair,” also referring to rugby player, Carlos Spencer, “Carlos Spencer is starting to lose his hair from the sun.”

Doctor Cameron Grant, from Starship hospital in Auckland, said that he had done a study for four years which found that infants living in Auckland did have a deficiency of vitamin D. “We know that vitamin D deficiency is a health issue in New Zealand. We know that people who are at risk of vitamin D deficiency are for example groups who keep themselves clothed and keep themselves indoors for religious reasons … so his idea is not an unreasonable one.”

Another study also showed that 87% of pregnant woman living in Wellington were vitamin D deficient.

Dr Twentyman said that the people who are most likely to have a vitamin D deficiency are “depressed people and the elderly, such as those kept indoors in rest homes all day.”

Friday, September 26, 2008

On October 14, 2008, Canadians will be heading to the polls for the federal election. New Democratic Party candidate Max Lombardi is standing for election in the riding of Cambridge. Lombardi is an information technology specialist who has lived in Cambridge for 25 years.

Held since 2004 by Conservative Gary Goodyear, the riding of Cambridge includes the city of Cambridge, Ontario and the Township of North Dumfries, Ontario. Also running in the riding are Gord Zeilstra (Liberal) and Scott Cosman (Green).

Wikinews contacted Max Lombardi, to talk about the issues facing Canadians, and what they and their party would do to address them. Wikinews is in the process of contacting every candidate, in every riding across the country, no matter their political stripe. All interviews are conducted over e-mail, and interviews are published unedited, allowing candidates to impart their full message to our readers, uninterrupted.

For more information, visit the campaign’s official website, listed below.

Sunday, January 16, 2022

United Kingdom-based pharmaceutical giant GlaxoSmithKline (GSK) confirmed January 15 it had rejected three “unsolicited, conditional and non-binding proposals” by Unilever to acquire its Consumer Healthcare division, including one bid of GBP50 billion in value made on December 20, believing Unilever “fundamentally undervalued” the business and its potential.

News that Unilever attempted to buy GSK Consumer Healthcare for 50 billion pounds, split between GBP41.7 billion in cash and 8.3 billion in Unilever shares, was first reported by The Sunday Times, and subsequently confirmed by both companies. Had the latest acquisition offer gone through, it would have been the largest deal since the beginning of the Covid-19 pandemic, and one of the biggest ever among companies listed on the London Stock Exchange.

A deal would likely mean integrating the GSK division into Unilever’s own beauty and personal care business, which has seen profit margins struggle under Covid-19 lockdowns and higher costs for plastics and petrochemicals.

A brief response on the Unilever website confirmed it “had approached GSK and Pfizer about a potential acquisition”, and adds GSK Consumer Healthcare “would be a strong strategic fit” as the company looks to rework its portfolio. GSK indicated the proposals were “carefully evaluated” by its board of directors, but unanimously rejected under the conclusion they “were not in the best interests of GSK shareholders” and “failed to reflect the intrinsic value of the business and its potential”.

The Sunday Times have indicated the latest deal did not include an acquisition premium or recognition of corporate synergies; the joint venture between GSK and healthcare firm Pfizer, which holds a minority stake in the company, was initially projected to generate GBP500 million in cost savings by this year and realise “substantial cost synergies”. The BBC’s business editor Simon Jack wrote that a standard takeover premium would be about 30%, but could be reduced over the GBP10 billion in debt GSK was predicted to “leave on the books”, of the GBP22 billion net debt GSK reported for Q3 2021.

The deals were assessed by the Board respective of a proposed demerger of GSK Consumer Health into a separate PLC in the middle of this year. Jack wrote GSK “always” had “an open mind to a trade sale to another party if the price was right.” Unilever did not take into account the standard takeover premium, the value of cost savings and Board confidence Consumer Health could deliver “superior organic sales growth” of between four and six per cent in the medium term. This was despite valuations of about GBP50 billion by Goldman Sachs and Barclays analysts, and a lower GBP45 billion valuation by Jeffries Group.

There are no current talks between Unilever and either Pfizer or GSK, and the Unilever statement reads: “There can be no certainty that any agreement will be reached.” Under CEO Alan Jope, Unilever has focused its investments and marketing on brands which “communicate a strong environmental or social purpose” by streamlining its holdings in items like beauty products and tea. Jope previously said Unilever would concentrate on smaller takeovers in industries like luxury beauty and wellness.

However, Russ Mould, investment director at AJ Bell, told the BBC this would be a “high risk deal” at a time investors are cautious about GSK’s performance, but also a time of rising inflation he says encourages “consumer goods with loyal customers”. Mould added despite strong cashflow, Unilever had recently missed targets on sales and profit margins, putting pressure on the CEO.

Pressure by activist shareholders Elliott Management Corporation and Bluebell Capital Partners have also mounted against GSK CEO Emma Walmsley over the unit’s failure to develop a Covid-19 vaccine and Walmsley’s own lack of scientific experience. GSK has been involved in the ongoing development of a Covid-19 vaccine with French biopharmaceutical company Sanofi, and announced preliminary results from Phase 3 trials last month.

In 2018, Unilever bought several consumer nutritional products from GSK, including its flagship product Horlicks, and merged its Indian subsidiary, Hindustan Unilever, with GSK Consumer Healthcare India.

Friday, December 10, 2010

Leaked diplomatic cables between Australia and the US Secretary of State, Hillary Clinton, have raised controversy in the Australian community. The documents were released by the whistle-blowing website Wikileaks. The cables between the then prime minister of Australia, Kevin Rudd, and the US Secretary of State, Hillary Clinton, revealed that China may need to be forced to integrate into the international community. The secret documents also contained information of a conversation between Clinton and Rudd in Washington. In the interview, Rudd stated that China was “paranoid” about Taiwan and Tibet.

The sensitive documents may place a strain on diplomatic relations between Australia and China. Despite this, Kevin Rudd reassured the public that the “robust” relationship between Australia and China wouldn’t sustain any substantial damage to the relations between the two countries. At this stage, Prime Minister Julia Gillard has provided no further comment on the matter, other than to ensure that the relationship between China and Australia would allow opinions to be expressed without any threat to either side.

At the heart of the leaks is Australian founder, Julian Assange. Wikileaks have now released 821 of their promised 251,287 US diplomatic cables. The cables are being released on a stage-by-stage basis. Earlier this week, Assange was arrested on suspicion of rape in London under a Swedish arrest warrant placed on him from a court in Stockholm on November 18.