Wednesday, April 13, 2005Mugur Is?rescu, the governor of the National Bank of Romania (BNR) predicted yesterday that Romania would adopt the euro sometime between 2012 and 2014, possibly joining the Exchange Rate Mechanism II as early as 2010.

In July 2004, Romania will revalue its currency, the leu, so that 10,000 old lei will equal 1 new leu, with 1 euro being equal to approximately 3.6 new lei. Dual pricing, in both the old leu and the new leu, has already been introduced from March 2005. The transition to the new leu is expected to stabilise the Romanian currency and prepare the country for euro adoption.

After Is?rescu’s declaration, many people commented that they were surprised by how late the target date for euro adoption had been set, being 7-9 years away. However, Is?rescu responded by stating that the new Central European members of the European Union, which joined in 2004, have not yet joined the euro, and that countries such as the Czech Republic, Poland and Hungary are only expected to adopt the currency between 2008-2010, 4-6 years after accession. In Romania’s case, the adoption will take place 5–7 years after accession in 2007.

Monday, September 21, 2009

Dozens of students and teachers were stung by yellow jacket wasps Monday at a middle school in Cranston. The attack occurred around 10:45 a.m., according to Ray Votto, the chief operating officer for Cranston Public Schools.

It is suspected that during a routine fire drill, students exiting the building disturbed the wasps’ nest in a field behind the school. Votto said, “When kids exited towards the back of the school building near our portable classrooms, they walked into a field and may have disrupted a nest”.

The Cranston Fire Department and school nurses responded to the scene to provide medical assistance. A total of 25 students, one of whom was hospitalized, and four teachers were stung, some multiple times. All of the students and one teacher were sent home.

Friday, March 5, 2010

An investigation by the BBC has revealed that millions of dollars in famine relief aid money, including the money raised from the charity supergroup Band Aid and the Live Aid concert held by Bob Geldof, was “siphoned off” by Ethiopian rebels to buy weapons. One rebel said that at least US$ 95 million (£63 million) from — Western governments and private charities — was diverted into rebel coffers.

This was also noted in a declassified Central Intelligence Agency assessment of the famine situation titled Ethiopia: Political and Security Impact of the Drought, in which the report states, “Some funds that insurgent organizations are raising for relief operations, as a result of increased world publicity, are almost certainly being diverted for military purposes.”

During the 1984–1985 famine, Ethiopia was fighting Eritrean and Tigray rebels in those two northern provinces, although Eritrea has since gained its independence. Since the countryside was out of the government’s control, aid was brought in from neighboring Sudan. Some aid came in the form of food, while other aid came as cash which would be used by the aid agencies to buy grain from Ethiopian farmers.

Rebels would disguise themselves as traders and merchants to get their hands on the currency. “I was given clothes to make me look like a Muslim merchant. This was a trick for the NGOs,” said Gebremedhin Araya, a senior member of the Tigray People’s Liberation Front (TPLF).

One such aid worker that brought the grain was Max Peberdy, who worked for the charity Christian Aid. Peberdy is seen in a photo with Araya buying grain.

Araya said that only some of the sacks were filled with grain; the rest were filled with sand. The transaction was overseen by a member of the Relief Society of Tigray (REST), the humanitarian wing of the TPLF. The money was then given to TPLF leaders, including chairman Meles Zenawi, who has been Prime Minister of Ethiopia since 1991. Zenawi has not commented on the allegations.

Peberdy disputes the claims that he was duped, saying, “As far as we were concerned and as far as we were told by REST, the people we were dealing with were merchants.” He added, “It’s 25 years since this happened, and in the 25 years it’s the first time anybody has claimed such a thing.”

However, an exiled TPLF commander who lives in the Netherlands, Aregawi Berhe, is backing Araya’s story. He said the group got their hands on over US$100 million (£66 million) of which 95% went to buy weapons and build up a hardliner Marxist party inside the rebel movement. The remaining five percent would go to famine victims. Berhe told the BBC that the group would put on a “drama” to get the money. Berhe said, “The aid workers were fooled.”

In response to the allegations, the charity Christian Aid issued a statement saying, “There are allegations in the story which are against all of Christian Aid’s principles and our initial investigations do not correspond to the BBC’s version of events.”

Nick Guttmann, who is director of emergency relief operations for the group, says the “story has to be put into context”. “We were working in a major conflict, there was a massive famine and people on all sides were suffering,” Guttmann said, adding, “Both the rebels and the government were using innocent civilians to further their own political ends.”

Bob Geldof, the Irish rock star who help organized Live Aid, said, “We are talking about a disgruntled, exiled general. The essence of the report also is not just about Live Aid. It’s that all monies going into Tigray — that would be Oxfam, Save the Children, UNICEF and Christian Aid — somehow, we were all duped and gulled. And that’s simply not the case. It just didn’t happen.”

Tuesday, August 28, 2007

Thoroughbred horse racing has been cancelled indefinitely in the Australian states of New South Wales and Queensland due to an outbreak of Equine Influenza. An Australia-wide ban on the movement of horses, donkeys and mules which was due to expire on Wednesday has been extended until Friday. NSW and Queensland have extended their bans indefinitely.

So far the virus only appears to have infected horses in NSW and Queensland, with 51 confirmed cases and another 400 suspected. So far all those infected appear to be horses used for recreational purposes and not thoroughbred race horses.

Despite the bans on racing and horse movements, track work will recommence in NSW and Queensland today.

It had been feared yesterday that four race horses at Randwick Racecourse in Sydney had been struck down by the virus, but the horses later tested negative to the virus. If an outbreak were to occur at Randwick it could affect up to 700 race horses stabled there.

The outbreak comes at a bad time for the industry, as it prepares for the lucrative spring racing season in Sydney and Melbourne. The AUD$1 million Golden Rose event at Rosehill has been cancelled, although it is expected that Melbourne’s spring racing carnival will resume on Saturday as no cases of the flu have been seen in Victoria.

Racing Victoria has also said the Melbourne Cup will go ahead as planned despite the outbreak, even if no interstate or international horses can attend.

Despite fines of up to $44,000 and 12 months imprisonment in NSW there have been reports that more than 100 horse owners have been caught moving their horses. The NSW Primary Industries Minister Ian Macdonald, said it was “absolutely vital that no-one moves a horse in this state”.

“We will be working with police to ensure horses are at a standstill,” he said.

The racing bans have cost gaming companies Tabcorp and Tattersall’s millions, with Tabcorp losing $65 million in revenue on the weekend. Tabcorp expects to lose around $150 million in turnover this week. Tattersall’s has also said it expects to lose around $2 million in revenue per week due to the outbreak. Investors reacted to the news, slashing 3 percent of the price of Tattersall’s shares and over 4 percent of those of Tabcorp.