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Monday, October 13, 2008

In an attempt to speak with as many candidates as possible during the 2008 Canadian federal election, Wikinews has talked via email with John Kittredge. John is a candidate in Toronto, Ontario’s St. Paul riding, running under the Libertarian Party banner. Libertarians are a minor, registered political party; they are looking to earn their first ever seat in the House of Commons.

Incumbent Carolyn Bennett of the Liberals is running against Libertarian Kittridge, Conservative Heather Jewell, New Democrat Anita Agrawal, and Justin Erdman, a Green. Bennett was the Minister of Health under previous Prime Minister Paul Martin’s Liberal government. Since it was created in 1935, the riding has been batted about between the Liberals and the now defunct Progessive Conservative party.

The following is an interview with Mr. Kittridge, conducted via email. The interview has had very limited editing, to eliminate in-text mentions of website addresses, but is otherwise left exactly as sent to Wikinews.

Sunday, November 19, 2006

Nintendo has released its newest video game console in North America. Known as the Wii, the system and games have an MSRP of US$249.99 and US$49.99 respectively. The North American release is to be followed by the December 2nd launch in Japan and the December 8th launch in Europe.

Launched officially at midnight, more than a thousand people gathered in New York’s Time Square to be among the first to buy one of the Wii. In contrast to the crowds that have challenged crowd control officials over the last two days in connection with the launch of Sony’s Playstation 3, the Wii crowds have been much calmer. Many observers attribute this to the fact that Nintendo had more than ten times as many Wii consoles available on launching day than Sony did for their PS3 that had been hounded by part shortages in manufacturing right up to the day of launch.

Nintendo of America president Reggie Fils-Aime said that several tough choices had been made in the design of the Wii. The company decided to develop a new way of playing games with revolutionary controllers instead of following the PS3 and the Xbox down the road of stunning graphic and multimedia options. This produced a console with a much talked-about sensor/controller design and the lowest price point of the three major consoles. While not having a DVD player or high-definition TV capabilities, the Wii retails for about $250 while its competitors the Xbox 360 and PS3 retail for about $400 and $600 respectively.

While the Wii will launch with several games available, one of its advertised advantages is that the new console is largely compatible with older games made for the GameCube, giving the new console an instant and extensive launching library. A GameCube controller will be needed to play GameCube games with the Wii. Several hardware items that GameCube games may be expecting, such as the modem or broadband adapter or the GameBoy player are not supported on the Wii.

Across the country in Los Angeles about 500 people were waiting for the doors to open at Universal City Walk’s Game Stop store. Fearing that the Wii introduction might be as contentious as the PS3 debut just a few days ago, the store handed out numbered wristbands to the throng. No problems were reported.

Tuesday, January 31, 2006

Today, the nominees for the 78th Academy Awards were announced in Los Angeles, California.

Best Picture nominees this year are Brokeback Mountain, Capote, Crash, Good Night, and Good Luck., and Munich. The director of each of these films received director nominations. Nominees include George Clooney (Good Night, and Good Luck.), Paul Haggis (Crash), Ang Lee (Brokeback Mountain), Bennett Miller (Capote), and Steven Spielberg (Munich). This is the first time since 1981 that every Best Picture nominee also received a nod for Direction.

Brokeback Mountain leads this year’s Oscar pack overall, with eight nominations. Brokeback is followed by Crash, Good Night, and Good Luck., and Memoirs of a Geisha, who each earned six. Capote, Munich, and Walk the Line each received five nominations. King Kong, Pride and Prejudice, and The Constant Gardener picked up four nominations, while Cinderella Man, The Chronicles of Narnia: The Lion, the Witch and the Wardrobe, and War of the Worlds pick up three. A History of Violence, Hustle & Flow, Mrs. Henderson Presents, North Country, Syriana, and Transamerica each received two nods each.

Best Animated Feature Film nominees are Howl’s Moving Castle, Tim Burton’s Corpse Bride, and Wallace & Gromit: The Curse of the Were-Rabbit. None of these films used primarily CGI-animation, the first year this can be claimed, since the 2001 creation of the award category. Corspe Bride marks both Tim Burton and Mike Johnson’s first nominations. Wallace & Gromit’s Steve Box is celebrating his first nomination, while co-producer Nick Park has three Oscars for Best Animation Short, a fourth nomination, of which he lost to himself in 1990. Hayao Miyazaki won the Best Animated Feature award in 2002, for Spirited Away.

Uniquely neither animation powerhouse, Disney or DreamWorks, is directly nominated in the category. Disney’s Buena Vista Entertainment distributes Miyazaki film Howl’s Moving Castle, while DreamWorks distributed Wallace and Gromit, animated by Aardman Animations.

Best Foreign Language Film nominees include Italian film Don’t Tell, France’s Joyeux Noël, Palestine’s Paradise Now, Germany’s Sophie Scholl – The Final Days, and South Africa’s Tsotsi. Italy has been up for an Oscar 27 times, France 34 times, and Germany has had six nominations. This is only South Africa’s second nomination, with the first coming last year, and Palestine’s first ever Academy Award nomination.

Nominees for Best Documentary Feature are Darwin’s Nightmare, Enron: The Smartest Guys in the Room, March of the Penguins, Murderball, and Street Fight. March of the Penguins, produced in France, actually grossed more than any of the Best Picture nominees, the first time in history such an occurrence has happened.

The top 19 films in box office received a total of only 14 nominations, with a majority of these in the categories of Visual Effects, Sound Mixing and Sound Editing.

Perhaps one of the most interesting stories for Hollywood as a whole, is the tremendous success of Participant Productions in its first year of operation. eBay founder Jeff Skoll‘s movie house produced nominees Good Night and Good Luck. (6), North Country (2), Syriana (2), and Murderball (1). The company aims to fund feature films and documentaries that promote social values while still being commercially viable.

The 78th Academy Awards presentation will be held on Sunday, March 5.

• Philip Seymour Hoffman – Capote
• Terrence Howard – Hustle & Flow
• Heath Ledger – Brokeback Mountain
• Joaquin Phoenix – Walk the Line
• David Strathairn – Good Night, and Good Luck

• George Clooney – Syriana
• Matt Dillon – Crash
• Paul Giamatti – Cinderella Man
• Jake Gyllenhaal – Brokeback Mountain
• William Hurt – A History of Violence

• Judi Dench – Mrs. Henderson Presents
• Felicity Huffman – Transamerica
• Keira Knightley – Pride & Prejudice
• Charlize Theron – North Country
• Reese Witherspoon – Walk the Line

• Amy Adams – Junebug
• Catherine Keener – Capote
• Frances McDormand – North Country
• Rachel Weisz – The Constant Gardener
• Michelle Williams – Brokeback Mountain

• Brokeback Mountain
• Capote
• The Constant Gardener
• A History of Violence
• Munich

• Crash
• Good Night, and Good Luck
• Match Point
• The Squid and the Whale
• Syriana

• Good Night, and Good Luck
• Harry Potter and the Goblet of Fire
• King Kong
• Memoirs of a Geisha
• Pride & Prejudice

• Batman Begins
• Brokeback Mountain
• Good Night, and Good Luck
• Memoirs of a Geisha
• The New World

• Charlie and the Chocolate Factory
• Memoirs of a Geisha
• Mrs. Henderson Presents
• Pride & Prejudice
• Walk the Line

• The Death of Kevin Carter: Casualty of the Bang Bang Club
• God Sleeps in Rwanda
• The Mushroom Club
• A Note of Triumph: The Golden Age of Norman Corwin

• Cinderella Man
• The Constant Gardener
• Crash
• Munich
• Walk the Line

• The Chronicles of Narnia: The Lion, the Witch and the Wardrobe
• Cinderella Man
• Star Wars Episode III: Revenge of the Sith

• Brokeback Mountain
• The Constant Gardener
• Memoirs of a Geisha
• Munich
• Pride & Prejudice

• In the Deep – Crash
• It’s Hard Out Here For a Pimp – Hustle & Flow
• Travelin’ Thru – Transamerica

• Badgered
• The Moon and the Son: An Imagined Conversation
• The Mysterious Geographic Explorations of Jasper Morello
• 9
• One Man Band

• Ausreisser (The Runaway)
• Cashback
• The Last Farm
• Our Time is Up
• Six Shooter

• King Kong
• Memoirs of a Geisha
• War of the Worlds

• The Chronicles of Narnia: The Lion, the Witch and the Wardrobe
• King Kong
• Memoirs of a Geisha
• Walk the Line
• War of the Worlds

• The Chronicles of Narnia: The Lion, the Witch and the Wardrobe
• King Kong
• War of the Worlds

Monday, January 8, 2007

A strong odor of natural gas permeated through parts of Manhattan, Brooklyn, and Jersey City early this morning. Authorities assert that there is no cause for alarm and assure the air quality, though smelly, is safe enough to breathe. New York City’s Health Department, the Coast Guard, and Con Ed are still on the scene.

In a press conference, Mayor Michael Bloomberg says that a small gas leak at Bleeker St. and Sixth Av. “could not account for a smell so pervasive throughout the city”. PATH trains were temporarily suspended from Hoboken, New Jersey, to the 33rd St. terminus, and an MTA control tower at West 4th St. was also temporarily shut down.

“Sensors do not show any high concentration of natural gas that would cause concern” continued Bloomberg. “We want to take our time and make sure we don’t get the wrong information. We cannot speculate, but these are the facts: the smell is there, we don’t know the source, and it doesn’t appear to be dangerous.”

Some buildings in Midtown Manhattan were evacuated as a safety precaution, and HVAC systems in the area have been brought back online. Jersey City EMTs report that seven people have been taken to hospital, but it is unclear if it is a direct result of mercaptanline inhalation.

WINS-AM reporter Juliett Poppa has been reporting along 34th St., commenting that the odor was most noticeable around Fifth Av., but has now dissipated. Radio announcer Lee Harris added that the odor was noticeable even in their Broadway and 57th St. studios. During an interview on air, a Con Ed spokesman said that no gas leak has been found.

“We’ve had reports as far north as 96th St. on the West Side and 130th on the East” said one NYC 311 operator (This was during this journalist’s report of a gas smell at 205th Street.)

Natural gas supplied for domestic and commercial use is odorless. Mercaptan is added to give natural gas its distinctive smell as an aid to leak detection.

Thursday, October 3, 2013

A review this week by Wikinews of US Consumer Financial Protection Bureau (CFPB) complaints about mortgages in the United States shows Bank of America leads all lending institutions in complaints.

Since mortgages complaints were recorded in December 2011, 77,622 total have been added to CFPB’s database. 29.2% of these complaints involved Bank of America, with the second most received by Wells Fargo, accounting for 15.5% of all complaints. JPMorgan Chase ranked third by volume of complaints with 9.8%. Ocwen was fourth with 8.7% and Citibank was fifth with 4.8%. Nationstar Mortgage; Green Tree Servicing, LLC; HSBC; PNC Bank; U.S. Bancorp; OneWest Bank; SunTrust Bank; Flagstar Bank; and Select Portfolio Servicing, Inc. each had between 1.0 and 3.8% of total complaints. The remaining 14.4% of all complaints about consumer mortgages were divided between about 530 other lending institutions.

The Motley Fool reported last month that for the past fiscal quarter, the biggest US based mortgage lenders were from first to fifth Wells Fargo, JPMorgan Chase, Bank of America, Quicken Loans and U.S. Bancorp.

According to the US Federal Reserve, debt for family residences stands at US$10.706 trillion for the second quarter of 2013. As of the end of June of this year, Bank of America is the United States’s second largest commercial bank with US$1.343 trillion in domestic assets. Wells Fargo is the fourth largest commercial bank with US$1.251 trillion in domestic assets. JPMorgan Chase is the largest US commercial bank with US$1.329 trillion in domestic assets and US$1.947 trillion in total assets.

The mortgage complaints in the CFPB report include several subproducts. Conventional fixed mortgages account for 27.1% of all complaints. Conventional adjustable mortgages account for 10.0%. FHA mortgages account for 7.7% of all complaints. Home equity loans or lines of credit account for 3.8% of all complaints. VA mortgages are 1.4% of all complaints. Second mortgages and reverse mortgages each account for 0.6% of complaints. The remaining 48.7% of complaints are about other mortgages or other mortgage issues. A few years ago, FHA loans accounted for about 10% of all US mortgages while VA loans accounted for about 3%. Prime loans accounted for over 75% of the market and the rest were subprime mortgages.

California leads all states by volume of complaints with 14768. It is followed by Florida, New York, Georgia and Texas. When complaints are divided by a state’s total population, New Hampshire leads. The state is followed by Washington D.C., Maryland, Georgia and Florida. Complaints do not correlate with national rankings for August’s foreclosure rate by state where Nevada topped the list, followed by Florida, Ohio, Maryland and Delaware.

Two zip codes account for over 1,000 total complaints between them. 565 complaints originated in the 48382 zip code, which is in Commerce Township, Michigan, located in suburban Detroit. 553 complaints originated in the 33071 zip code, in Coral Springs, Florida. According to real estate website Zillow, there are currently 1,033 properties in foreclosure in Coral Springs while Commerce Township only has 131 properties currently in foreclosure. Four other zip codes have 100 plus complaints originating from them. 91730, in Rancho Cucamonga, California, had 158 complaints. 33409, in West Palm Beach, Florida, had 132. 92626, in Costa Mesa, California, had 125 complaints. 92660, in Newport Beach, California, had 122 complaints. Respectively, the towns had 534, 1,068, 153, and 134 properties currently in foreclosure. These numbers are higher than for the cities of a few sampled zip codes where there was only one complaint, such as Gold Hill, Oregon which has 4 properties in foreclosure, and Decatur, Illinois which has 6 properties in foreclosure.

The CFPB categorizes complaints into six categories: “Loan modification, collection,foreclosure” or problems when a person is unable to pay; “Loan servicing, payments, escrow account” or problems with making a payment; “Application, originator, mortgage broker”; “Credit decision / Underwriting”; “Settlement process and costs”, and “Other”. The CFPB says the complaint types indicate consumers “appear to be driven by a desire to seek agreement with their companies on foreclosure alternatives. The complaints indicate that consumer confusion persists around the process and requirements for obtaining loan modifications and refinancing, especially regarding document submission timeframes, payment trial periods, allocation of payments, treatment of income in eligibility calculations, and credit bureau reporting during the evaluation period.” Currently, 59.6% of all complaints against lenders deal with being unable to pay. 25.1% deal with problems in making a payment. 7.0% have to do with the application process.

Of the complaint-heavy zip codes, for 48382 in Commerce Township, Michigan, 98.9% of all complaints have to deal with being unable to pay. Accounting for 23.4% of all mortgage complaints in Commerce Township, 132 of the complaints for being unable to pay were made regarding Bank of America, accounting for 97.8% or all but 3 complaints against them from the zip. 121 of the Bank of America responses in Commerce Township were closed with explanation and 12 were closed with non-monetary relief. 33071 in Coral Springs is different, with 537 of the 553 complaints being categorized under other. Only 11 complaints relate to foreclosure and issues with being able to pay. 92626 in Costa Mesa, where 32% of the mortgage complaints were about Bank of America and 26.4% were about Wells Fargo, had 93.6% of its complaints dealing with being unable to pay. 5 total complaints dealt with payment issues and 3 dealt with applications.

Beyond regional variance in complaint types lodged, the top five mortgage lenders by volume of complaints all had being unable to pay as their top complaint category, ranging between 55.8% for Citibank and 69.4% for Bank of America. Problems with payment accounted for the second largest area of complaints, with Ocwen having the largest percentage of complaints at 31.9% and Bank of America having the smallest at 18.8%. Foreclosure was the top area of complaints for a number of other lending institutions including 1st Alliance Lending, OneWest Bank, Ally Bank, Banco Popular de Puerto Rico, Bank of the West, BMO Harris, BOK Financial Corp, Caliber Home Loans, Inc, Capital One, Deutsche Bank and EverBank.

Nationally, complaints reached a high of 5,840 for January 2013, 1,107 more than the next highest month of April 2013. The total emerging for September is the second lowest since records were first kept in December 2011. On a state by state level, this pattern largely repeats with a major exception for Florida which saw a peak of 849 complaints in June 2012. Then, as now, Florida was one of the top five states in the nation in its foreclosure rate. The national January spike came as the Qualified Mortgage standard required by the The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 came into play. It required mortgage lenders to take steps to insure borrowers could repay their mortgages.

Bank of America’s complaint volume follows the national trend, with a spike in January 2013 with 1,925 total complaints. Unlike nationally, the next month by volume of complaints was February of this year with 1,598 complaints. Prior to that, the highest month was May 2012 with 1,418 complaints. The lowest volume of complaints is September this year with 334.

Wells Fargo matched national trends for volume of complaints by month, with the exception of the current month being the lowest on record for number of complaints with 197 compared to the next lowest month, December 2011, when they had 221. JPMorgan’s complaint volume by month spiked in January and March of this year with 504 complaints. April of this year was the next highest month with 493 complaints, edging out May of last year with 488 complaints. September this year is on track to be the lowest month by complaint volume.

The federal government shutdown is unlikely to impact the current mortgage situation in the United States directly for most consumers, though mortgage processing by the Federal Housing Administration could be slower, resulting in fewer mortgages processed.

Thursday, August 9, 2007

Investigators say that flaws in the design of the Interstate 35W bridge in Minneapolis, Minnesota may have caused it to collapse and that the design flaw is not “unique” to the Minneapolis bridge.

According to an ongoing investigation by the National Transportation Safety Board (NTSB), the flaw was found in the steel plates connected to girders, which are large support beams used in construction and connect the plates together. It is reported that extra stress from construction equipment might have caused the plates to separate, causing the bridge to collapse.

The flaw has not yet been confirmed to be the source of the disaster, and the NTSB says that the investigation could take several months to fully be completed.

At least six people were killed and at least eight are missing, whilst over 100 are injured after the bridge collapsed on August 1.