Friday, March 11, 2005

A defendant on trial for rape in Atlanta, Georgia reportedly stole a deputy sheriff’s handgun and used it to shoot the judge, court reporter, and two deputies Friday morning. Three people were killed and one was wounded.

Fulton County Superior Court Judge Rowland W. Barnes has been confirmed dead along with the court reporter and one of the deputies. After the shootings, the suspect reportedly attempted to carjack several cars in a bid to escape. He attempted to carjack a green Honda Accord with license plate 6584-YN, from a newspaper reporter, but eventually fled by other means. The reporter in question, Don O’Briant from the Atlanta Journal-Constitution, was beaten by the suspect but was fortunate to receive only cuts to his face and a broken face from a fall.

The car was listed as being used by the suspect in public alerts across the area before it was realised that the car was in fact still in the garage of the courthouse.

The suspect has been identified as Brian Nichols, 34, who was facing a retrial for rape and kidnapping after the first trial ended with a hung jury. Police are desperately searching for Nichols, as he is considered armed and dangerous.

The suspect reportedly stole the handgun by overpowering a deputy sheriff while he was being taken into the courtroom by the deputy, said Assistant Police Chief Alan Dreher. He then shot and critically wounded the female deputy, went to the courtroom where his trial was due to take place, and held about a dozen people at bay there before killing the judge and court reporter. He later shot and killed another deputy outside.

The deputy from whom Nichols stole the handgun is now sedated and in critical condition after surgery and has a bruise in her brain, according to Jeffrey Salomone, an attending trauma surgeon at Grady Memorial Hospital. Although she was shot in the head, the bullet did not penetrate her skull, said Salomone.

Friday, August 10, 2007

Global stock markets fell today, in a mass sell-off stemming from the sub-prime mortgage crisis in the United States. The Dow Jones Industrial Average rebounded late in the day after falling more than 250 points, ending the day down about 31 points. The UK’s FTSE-100 index fell 232.90 points to 6038.30, and Japan’s Nikkei 225 fell 406.51 points to 16764.09.

Central banks across the world are injecting funds into their banking systems to add liquidity, fearing that many financial firms with subprime ties will be insolvent. Yesterday, the U.S. Federal Reserve transferred US$24 billion to temporary reserves, following the European Central Bank, which authorized a record €83.6 billion addition to its banks, its biggest cash infusion ever. On Friday, the Fed entered into a $38 billion repurchase agreement of mortgage-backed securities, easing stockholder worries. Also on Friday, the Bank of Japan injected ¥1 trillion into Japan’s financial system.

The Federal Reserve met this week, but decided to maintain its target rate of 5.25%, although on Friday the federal funds rate was hovering around 6%, indicating a drop in liquidity.

The volatile week began last Friday with Bear Stearns tumbling as a result from its complete loss of two major hedge funds worth more than $1.5 billion. The hedge funds had been dangerously exposed to the massive sub-prime mortgage failure, and the company announced it was unable to return any money to investors.

Washington Mutual, and Countrywide Financial, both very large U.S. home loan lenders, saw shares fall. Countrywide Financial made a statement this week, saying they will be forced to retain a greater proportion of mortgage. American Home Mortgage Investment Corp, another large lender, recently filed for bankruptcy. The U.S. housing market has been declining for more than two years after the Federal Reserve raised interest rates 17 times. Now, lenders are in a quagmire from millions of people who are unable to repay loans after taking adjustable rate mortgages, teaser rates, interest-only mortgages, or piggyback rates.

Jim Cramer, of CNBC’s Mad Money, remarked that as many as seven million people will lose their homes from bad mortgages. Last Friday, Cramer went on a tirade on CNBC’s Street Signs, saying that the “Fed was asleep” and called for them to lower rates immediately.

Asian and European markets have become increasingly entangled in the subprime mortgage crisis in the U.S. Deutsche Bank of Germany lost almost $3.5 billion in share value, forcing the government to organize a bail-out. France’s largest bank, BNP Paribas SA, halted withdrawals from three large investment funds which were crippled by sub-prime exposure.

Sunday, July 10, 2011

British-based utility company Centrica, which holds ownership of British Gas, has announced its intentions to increase the prices of domestic electricity and gas later this year. On August 18, 2011, the company plans to raise the costs of gas and electrical supplies by eighteen and sixteen per cent, respectively. According to The Guardian, nine million customers will be affected by these changes.

British price comparison website uSwitch has reported that the “[a]verage household bill for a dual fuel British Gas customer will now go up from £1,096 to £1,288”. Mike O’Connor, the chief executive officer of consumer organisation Consumer Focus, has claimed that the announcement “will send a shock wave across the country” and will place an increasing amount of difficulties “on stretched household budgets. Consumers […] rightly question whether prices are fair.”

Phil Bentley, a managing director for British Gas, has claimed that value increases like this are “an issue facing all energy suppliers”. A director for British Gas, named Ian Peters, has claimed that “a fair return” will be made after the changes occur.

In 2010, British Gas experienced its largest ever profit, making £742 million (US$1,192 million, €835 million). Meanwhile, Centrica achieved £2.4 billion (US$3.8 billion, €2.7 billion) in profits. Richard Lloyd from product sampling charity Which? criticised the decision to raise prices, calling the declaration “unwelcome but unsurprising” for British Gas consumers.

Previously in December 2010, British Gas increased the price of its gas by 6.9%, which equates to £43 (US$69, €48). At the same time, the company’s electricity prices were raised by 6.7%, or £28 (US$45, €32). On Friday, Chris Huhne, the secretary of the Energy and Climate Change Select Committee, said that British electricity businesses must modify themselves so as to avoid “the cycle of fossil fuel addiction. Alternatives like renewables and nuclear power must be allowed to become the dominant component of our energy mix,” said Huhne.

This news comes to light as Scottish Power, a rival energy company to British Gas, announced last month their intentions to up the prices of their electricity and gas supplies by ten and nineteen per cent respectively.

Friday, December 14, 2007

Reggie Bibbs is a 43-year-old-man living in Houston, Texas. Mr Bibbs was born with a genetic disease called neurofibromatosis (NF), which causes him to develop tumors on his body (see infobox on the right). NF can be a subtle disease, but in Bibbs’ case it has left him with a disfigured face and deformed leg. But he is happy with the way he looks, and doesn’t want to change his appearance to please other people. He has launched a successful campaign entitled “Just Ask”, and that’s just what Wikinews did in a video-interview.

The interview was prepared by Wikinews reporter Michaël Laurent with the help of Bertalan Meskó (who has a popular genetics and web 2.0 blog). Their questions were sent to a close friend of Mr. Bibbs, Lou Congelio, who kindly conducted the interview.