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Saturday, September 27, 2008

On October 14, 2008, Canadians will be heading to the polls for the federal election. Liberal candidate Susan Kadis is standing for re-election in the riding of Thornhill.

During the recently disbanded session of Parliament, Mrs. Kadis was the Official Opposition Critic for National Revenue. She served as a member of the Caucus Committee on Economic Prosperity and a member of the Standing Committee on Health. She was elected as Chair of the Greater Toronto Area (GTA) Liberal Caucus. The former publisher of The Thornhill Times community newspaper, she has served as a school trustee and City Councillor. She has served on the Canadian Breast Cancer Foundation’s Board of Directors, being a survivor herself.

Wikinews contacted Susan, 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.

The incumbent in the riding, Kadis faces three challengers: former broadcaster Peter Kent (Conservative), Norbert Koehl (Green), and Simon Strelchik (NDP). The riding of Thornhill includes the part of the City of Vaughan that is east of Highway 400 and south of Rutherford Road, and the part of the Town of Markham west of Highway 404. The previous MP in the riding was also Liberal, Elinor Caplan, who was the Canadian Minister of Citizenship and Immigration and later Minister of National Revenue.

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

Saturday, June 11, 2022

Nationals MP Vince Catania, who represents North West Central, will resign from Western Australia’s Parliament in August, reports indicated Friday.

Catania has served as an MP in both the lower and upper house in Western Australia’s state parliament since 2005. Initially serving as a Labor MP, he joined the Nationals in 2009.

Catania said on his resignation that “this decision comes after much soul-searching and consideration and with mixed emotions after a long career spanning more than seventeen years in the Western Australian state parliament”.

He noted the size, diversity and remoteness of his electorate, stating “having spent 17 years of working in the largest electorate in Western Australia to the best of my ability, that means being away from home for half a year and it’s not fair to the family who’s suffered over that period of time”, adding “it’s well and truly time for me to put my family first”.

Catania is married with five teenage children. In 2011, Catania lost his driver’s licence for speeding, which he blamed on the exceptional breadth of North West Central.

Catania is one of only six opposition MPs in Western Australia’s 59-seat lower house, and his resignation will result in a by-election in North West Central. He narrowly won the seat at the last election in March 2021, with a 8.4% swing to Labor cutting the two-party-preferred margin between the two major parties to 1.7%.

He led an ultimately abortive 2019 bid to remove Jacqui Boydell from the role of Nationals deputy leader, which failed after state Nationals leader Mia Davies threatened to resign if the spill motion was proposed.

Saturday, April 17, 2010

In a new setback to the Thai government’s efforts to ease mounting political tensions, protest leaders escaped from their hotel Friday after security forces arrived to arrest them.

One, Arisman Pongruangrong, climbed down three floors using a rope, and was rushed away by supporters thronging the building. The police say Arisman led recent rallies at the national parliament, the election commission, and satellite transmission bases.

Officials earlier Friday said the government is preparing to arrest people linked to violent clashes with security forces last Saturday.

Deputy Prime Minister Suthep Thaugsuban, Thai security chief, announced the raid on the hotel as it was unfolding, saying that a Special Forces unit had closed in around a downtown Bangkok hotel.

“As I am speaking, the government’s special team is surrounding the SC Park Hotel, where we have learned that there are terrorists and some of their leaders hiding,” Suthep said.

A spokesman for the governing Democrat Party, Baranuj Smuthararaks, says arrest warrants have been issued for those suspected of being involved in the violence. Some of the suspects have been identified from photos taken during the clashes.

“Right now the government’s focusing on issuing warrants for acts of terrorism by the people who fortunately have been captured in action [in photos] by both the local and international media,” he said.

According to the New York Times, as many as five protest leaders had been staying at the same hotel as Pongruangrong. Those leaders later appeared together at a protest rally in Bangkok.

“I would like to thank all of the people who saved me,” Arisman said. “You have saved democracy.”The government says armed men infiltrated protester ranks Saturday and fired on troops trying to disperse a rally. Five soldiers and 19 protesters died during the clashes.

Thailand is facing its most severe political crisis in almost 20 years. The anti-government movement, led by the United Democratic Front against Dictatorship or UDD, demands that the government step down and call fresh elections.

UDD supporters, known as red shirts, have held protests in Bangkok for more than a month.

The UDD largely supports former Prime Minister Thaksin Shinawatra, who was ousted in a coup in 2006 and remains overseas to avoid a jail sentence for corruption. Mr. Thaksin has strong support among the rural and urban poor, as well among some sections of the army and police.

Some parties in the governing coalition want to set a clear time frame for elections to ease tensions. But the government says it will only call elections once the political situation has cooled.

Tuesday, March 13, 2007

Just two weeks after China sent global markets into a tumble, growing worries about sub-prime mortgage lenders in the United States are sending jitters through stock exchanges around the globe. The three major US stock market indices each fell two percent from Monday’s closing price, marking the second-biggest loss of 2007. London’s FTSE 100, Paris’ CAC 40 and Frankfurt’s DAX 30 indices each closed down more than 1 percent.

As the Mortgage Bankers Association reported that late payments on mortgages and home foreclosures in the US homes rose in the fourth quarter to their highest level in years, investors are concerned that not only US banks but also multi-national banks around the globe could have exposure.

More than two dozen sub-prime lenders have closed or sold operations as defaults on those mortgages have risen. “The delinquencies and defaults have started to soar,” said Nicolas Retsinas, director of Housing Studies at Harvard University. “A lot of these lenders started to make loans and lost track of some of the fundamentals.”

New Century Financial Corporation, the second largest sub-prime lender in the US, has recently revealed that its creditors were no longer providing funds and, further, it has become subject of an SEC investigation. The New York Stock Exchange has said it will delist New Century. Accredited Home Loan Lending, another major sub-prime mortgage specialist, said it was seeking fresh capital and waivers on its lending covenants.

Sub-prime lenders provide mortgages to people who do not qualify for loans from mainstream lenders, typically due to their credit histories. The lenders then bundle these mortgages as collateral for loans that they obtain from other financing firms, such as GMAC. Such firms can then repackage these loans and sell them as mortgage-backed securities. These securities may end up in the hands of major multi-national banks such as Citibank, HSBC, and Commerzbank. Each level of lending assumes a level of financial risk, but trouble can arise when the risk tolerances are exceeded. If too many homeowners default on their mortgages, the sub-prime lender can end up defaulting. If too many of these lenders default, as it is feared may be happening now, the defaults can cascade upward. While no one is predicting major bank failures at this point, it is feared that their profits could be hurt.

Friday, June 16, 2006

A sexual attack on a woman in her Pukekohe, South Auckland home was, police say, premeditated.

A man, who had been drinking, told the victim that he needed to use her phone, she handed him a portable phone through a small opening in the door and then closed the door. The man pretended to use the phone and then when she opened the door again to regain her phone the man barged his way in, at about 9:00 p.m., Tuesday, June 13 NZST.

It was a five-hour attack and she only managed to escape when, the next day, she was driven to an ATM to withdraw money where she fumbled with her bank cards and while the attacker was distracted she ran to a service station.

The victim told police that she believed that the man had been stalking her for about a week. Criminal profilers are worried that he may strike again.

Detective Senior Sergeant Grimstone says “the terror in the woman’s eyes is clearly visible as she asks for help at a service station.”

The attacker could be wearing blue jeans and a black jacket that was taken from the victim’s house. The attacker is described as an unshaven M?ori male in his late 30s or 40s.

Friday, June 27, 2008

Newspaper The Guardian reports today that the sale of the BBC subsidiary BBC Resources Ltd., has cost £3.4m in consultancy fees — over £1m more than the £2.3m trading profit the commercial division is estimated to have made for the last financial year. Details of the failed privatisation were released by the BBC following a freedom of information request, and prior to publication of its annual report on July 8.

Fourteen months after advisers were appointed to try to sell BBC Resources Ltd., only one of the three main business units has been sold — its Outside Broadcast division to Satellite Information Services Limited (SIS), for an estimated £20m. On March 7, 2008 it was also announced that the studios operation would remain in BBC ownership and in early June, the fate of the third business was put on hold with the BBC stating that “like Studios, Post Production will remain within BBC Resources, which will continue to operate as a wholly-owned commercial subsidiary of the BBC.”

BBC Resources Ltd. made an operating profit of £6.1m for 2005-06, down from £7.4m the year before, with the BBC accounting for 83.3% of its turnover, down from 87.4% for 2004-05. Last year’s published figure for 2006-07 was £5.2 million — with BBC business at 80% of turnover.

BECTU Assistant General Secretary Luke Crawley is quoted as saying: “It’s fairly outrageous that around half the profit of the company [announced last year] has been spent trying to sell it. It’s an inordinate amount of money. The BBC was promised big returns if it sold BBC Resources but it’s only managed to sell outside broadcasts and we do not know how much it made out of that. We think the £3.4m is a poor investment.”