Friday, March 24, 2006A large explosion ripped through a research building of the École Nationale Supérieure de Chimie de Mulhouse (ENSCMu) in Mulhouse, eastern France. Mulhouse’s mayor, Jean-Marie Bockel, confirmed that the blast killed one person and injured another. Police declared Code Red, and the neighborhood was evacuated.

According to the French Press, TF1, the victim was in his forties and had worked at the institition for about a year. A young woman was seriously injured and about a dozen people received minor injuries, with two suffering from shock. 150 firefighters were on the scene.

The ENSCMu is a technology college, with an enrollment of 8,000 and a 25-hectare campus near the town’s centre. It is known for its museum of coloring agents (Musée des Colorants), which has about 2700 samples, mainly from the second part of the nineteenth century. The museum’s database is available online in French.

The blast occurred at 11:25 GMT (12:25 local time). It is reported to have been heard two kilometres away and to have broken the windows of nearby buildings. The blast was followed by a fire that was contained by about 15:00 (local time).

The explosion’s cause is not yet clear but it is believed to have happened in a ground-floor laboratory in an annex building constructed in 1977. The lab was apparently focused on industrial safety.

Monday, January 24, 2005

Riga, Latvia — The Central Bank of Lithuania announced that it plans to adopt the common European currency, the euro in 2007, and replace its national currency, the litas.

Lithunia intends to introduce the use of the euro as an official currency on January 1, 2007, where it will be used alongside the litas until January 15. From January 15, the euro would become the only official means of payment.

Lithuania joined the European Union in 2004, and like the other new member states, it is obliged to adopt the euro when it is ready. However, in order to adopt the euro, a country must be part of the EU’s Exchange Rate Mechanism II (ERM II) for at least two years. During that time, the currency must not fluctuate more than 2.25% in relation to the euro. Additionally, the budget deficit should be under 3% of gross domestic product.

Lithunia became part of ERM II in June 2004, meaning that the earliest it could join the euro would be in June 2006. However, its target is 2007, which, at the present moment, seems to be achievable, considering the country’s low inflation and budget deficit. The litas has been pegged to the euro, since February 2002, at a rate of 1 euro = 3.45 litas.

So far, only 12 out of the 25 members of the European Union have adoped the euro. However, in the next decade, it is expected that most, if not all, of the ten new member states will adopt the currency. Lithuania is expected to be the first to adopt the currency, in 2007. Estonia and Slovenia, which are the only other new member states that are part of ERM II, are also expected to join the common currency at this time.

Larger countries like Hungary, Czechia and Poland, which are not yet part of ERM II, may have to wait until 2010 at least, due to their large budget deficits.

Lithuania has been one of the most enthusiastic new member states concerning European integration. Besides its early adoption of the euro, it was the first country in the EU to ratify the European Constitution.

Friday, January 25, 2008

U.S. President George W. Bush and Congressional leaders from both political parties have reached agreement on US$150 billion in tax relief in an effort to help stimulate the United States economy. VOA White House Correspondent Scott Stearns has the story.

The agreement includes provision to give up to US$600 in tax rebates to millions of wage earners and an additional US$300 refund for each child. It allows businesses to immediately write off 50 percent of capital equipment purchases.

President Bush says it is an effective, robust and temporary set of incentives that will boost the economy and create new jobs.

“This package has the right set of policies and is the right size,” he said. “The incentives in this package will lead to higher consumer spending and increased business investment this year.”

The president says he knows Americans are concerned about their economic future, with the challenges of higher energy prices and a falling housing market slowing growth.

President Bush is urging the House of Representatives and Senate to pass the agreement as soon as possible.

“We have an opportunity to come together and take the swift, decisive action our economy urgently needs,” he added.

Stock markets around the world dipped sharply early this week amid widespread fears of a U.S. recession and its potential to drag down foreign markets as well.

The stimulus deal was an unusual display of bipartisanship in Washington, with Democrats and Republicans in the House making concessions to get the deal done quickly.

Republicans dropped a provision that would have allowed businesses to reclaim taxes previously paid. Democrats dropped their demands for increases in food stamps and unemployment benefits.

House Speaker Democrat Nancy Pelosi says she is not totally pleased with the package, but knows it will help stimulate the economy.

“This bipartisan package should be acted upon rapidly and can help alleviate the economic pain felt by millions of Americans,” she said.

John Boehner is the leader of Republicans in the House of Representatives. He says it was not easy for Republicans and Democrats to agree on a plan, but he is confident it is in the best interests of the nation.

“This agreement is a big win for the American people,” he said. “It will stimulate our economy in the most direct and effective way possible by putting money in the hands of middle income American families and by giving businesses incentives to create and build new jobs in our country.”

Treasury Secretary Henry Paulson was the president’s lead negotiator with Congress.

“I know the work isn’t done yet,” he noted. “As the Speaker said, we’ve got more to do. And I am looking forward to working with the Senate and working with the House to get a package as soon as possible, because, again, speed is of the essence.”

Senate Majority Leader Democrat Harry Reid says he wants to get the plan to the president for signature by February 15. But changes in the Senate may slow passage of the package, as Reid says senators may consider restoring provisions to extend unemployment benefits.

Saturday, January 20, 2007

North Korea’s 007, a currently very popular short movie by some Chinese netizens, mocks Kim Jong Il and his secret agent buying Hennessy XO wine from Chinese black market.

As of 3:27 AM, January 20, 2007, China Standard Time, the movie has been watched 1,993,567 times on a single site (6rooms.com) and received 1620 comments.

The talks between the North Koreans are in English; the talks between the agent and the Chinese are in Chinese (now featuring English subtitles). The story part situated in China is as follows:

Spoiler warning: Plot and/or ending details follow.

The agent first went to a grocery where he didn’t find XO, then to a wine store which sells XO, but he complained about the price being much more expensive than the price quoted on the Internet. His accent surprised a girl who recognized his North Korean identity and the saleswoman rejected his buying due to “resulting UN security council penalty.” The agent left the store and a white-coated fat man (a black market wine seller) and a black-coated man followed.

The agent checked in at a hotel and received 3 phone calls; one from his commander urging him forward on the mission, one from a whore offering “special service” (to whom the agent replied with “Yes, I need, I need a bottle of XO!”), and one from the fat man asking him to go to a disco bar for XO trading. He went to the bar and watched the fat man dancing to “We Were Forced to Be Gangs” (the music is Michael Jackson’s “Beat It”). The fat man found the agent’s money was fake (which the agent explained was because North Korea wanted to “ease the pressure that the hostile West put on China for currency appreciation”) and a fight ensued. The fat man was defeated and said “Your country is not based on honesty” while the agent said in his mind, “No honesty for your revisionist country.”

The agent is about to cross the China-North Korea border and the black-coated man caught up and defeated him by breaking his “Kim Jong Il medal” (which is a devastating psychological strike to North Koreans). The black-coated man revealed himself to be George W. Bush and some Chinese bystanders questioned him on why he hung Saddam (“One Saddam is down but a million Saddams will be up!”) and drove him away. The curious Chinese bystanders accidentally broke the agent’s XO which resulted in another devastating episode. The white-coated fat man reappeared and said he saw the whole event and was impressed by the agent and gave away another bottle of XO to him.

The agent returned to North Korea and presented the XO to Kim Jong Il (on their way to Kim’s residence their eyes were covered in order not to “give the Americans a chance to pinpoint Kim’s precise location”). Kim immediately died because the wine was faked and poisonous.

Friday, April 1, 2011

Treasury documents released today under the Freedom of Information (FOI) act reveal that Australians could face up to an A$863 rise in household costs per annum if the government proceeds with its plans to put a tax on carbon emissions.

The documents reveal an a annual price rise of $218.40 for electricity, $114.40 for gas, $187.20 for petrol and $88.40 for food for the average household. The treasury modelling was based on a $30 carbon tax, but also estimated other prices such as a $40 tax which predicted a rise of over $1,100 to the average household’s annual budget. However, they do not take into account the compensation deals and offsets promised by the government if a price is put on carbon.

After viewing the treasury modelling, Treasurer Wayne Swan and Climate Change Minister Greg Combet released a joint statement saying without the finalization of compensation packages it is too early to predict price rises. “No final decisions on the starting price or assistance have been taken and therefore it is far too early to speculate on any potential price impacts,” the statement said. Until the final design and modelling have been settled, anyone who uses these figures to scare families about prices is engaging in a dishonest, misleading scare campaign.”

Opposition Leader Tony Abbott said the figures demonstrated the toll a carbon tax would have on Australian families. This just demonstrates that the Government has known all along that its carbon tax won’t clean up the environment but it will clean out your wallet,” he said. That’s right and this is $863 a year in extra burden that the Australian people shouldn’t have to pay. This is an $863 a year hit on families’ cost of living. Families are doing it tough as things stand. They don’t need a bad situation made much, much worse by Julia Gillard’s carbon tax.”

The Australian Chamber of Commerce and Industry (ACCI) has also officially opposed the adoption of a carbon tax. A resolution was passed by all 30 members at their general meeting to reject the Federal government’s plan.