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Monday, July 7, 2008

The Philippine shipping company Sulpicio Lines has asked a court to issue a temporary restraining order (TRO) stopping the Board of Marine Inquiry (BMI) from proceeding with its investigation into the loss of MV Princess of the Stars. The passenger ferry capsised and sank off Sibuyan island on June 21 during Typhoon Fengshen (known locally as Typhhon Frank) with hundreds of casualties.

Sulpicio told the Manila Regional Trial Court that both Republic Act 9295 and the Domestic Shipping Development Act of 2004 removed the BMI’s power to investigate maritime incidents and that the investigation the board launched on June 25 is “irregular, illegal, and null and void”. They say only the Maritime Industry Authority is allowed to investigate accidents at sea.

Sulpicio also described the investigation as an ‘inquisition’ that was biased against Sulpicio from the start. They say “prejudgment” has increased the “pervasive negative publicity” surrounding the line, since negative accusations are most often published in newspapers. The company says one comment the board made was “Your vessel is not stable!” “You have no business being a safety officer!”

As a result Sulpicio is seeking ?650,000 from the BMI. This is split down as ?500,000 in moral damages, ?100,000 lawyer’s fees and ?50,000 further costs.

The House Committee on Transportation also launched its own inquiry into the disaster today. The case for the TRO will be heard tomorrow.

Monday, January 19, 2009

New reports indicate that the proliferation of the Conficker computer worm (also known as Kido or Downadup) has nearly quadrupled in the last four days. The worm has gone from just over 2 million Microsoft Windows computers infected to 8.9 million, according to estimates by anti-virus company F-Secure. Though Microsoft issued a patch with a severity rating of “critical” in mid-October 2008, just days after Conficker was first discovered, many business computers still have not applied the patch.

Most to all of the infected computers are on corporate networks; Conficker cannot spread through the Internet or e-mails. Instead, when an infected laptop connects to a corporate network, the worm searches for vulnerable computers and attempts to guess its password. Conficker also infects any network shares the user may be connected to. The worm has a list of about one hundred common passwords, including “password” and “qwerty“. Conficker also infects USB sticks, which then infect any Microsoft Windows computer the stick is plugged in to.

After it gains access to the computer, Conficker adds itself to the Windows processes “services.exe”, “explorer.exe” and “svchost.exe”, then makes a copy of itself as a DLL file with a random five- to eight-character name. The worm also disables Windows services such as Windows Update and Windows Defender. Conficker also blocks access to most security-related sites, including Windows Update. The worm then checks several websites for the current date, then generates a domain name based on that date and downloads infected files from that domain. This domain is believed to be in Ukraine. Conficker makes itself very hard to remove by registering the downloaded files as kernel drivers and the DLL copy of itself of a service.

Microsoft has advised users to install the patch (security bulletin MS08-067), then run the latest edition of the Windows Malicious Software Removal Tool.

Wednesday, November 8, 2006

As of 10:00 p.m EST November 8, 2006, the Democratic Party is projected to have gained control of both the United States House of Representatives and the United States Senate in the 2006 United States general elections. MSNBC projects that the Democrats now control 234 seats in the House of Representatives, 16 more seats than the 218 needed to control the House of Representatives as all 435 seats were up for election. In the Senate, where the balance of power is closer, one-third of all seats were up for grab. As of 10:00 p.m. EST, AP and Reuters were projecting that the Democrats had picked up all six seats they needed to retake the Senate, including the seats of incumbents Rick Santorum (Penn.), Lincoln Chafee (R.I.), Jim Talent (Missouri), Mike DeWine (Ohio), Jon Tester (Montana), and Jim Webb (VA). The Tester victory by less than 3,000 votes was projected at approximately 2 p.m. EST after the State of Montana announced the results of overnight recounts. Democrat Jim Webb has prevailed in that race by slightly more than 7,000 votes, though his opponent has not conceded and a recount may still occur.

Monday, December 31, 2007

What would you tell your grandchildren about 2007 if they asked you about it in, let’s say, 20 year’s time? If the answer to a quiz question was 2007, what would the question be? The year that you first signed on to Facebook? The year Britney Spears and Amy Winehouse fell apart? The year author Kurt Vonnegut or mime Marcel Marceau died, both at 84?

Let’s take a look at some of the international stories of 2007. Links to the original Wikinews articles are in bold.

Tuesday, July 24, 2012

The Texas city of Chandler, with a modest population of just over 2,700, is hosting the Texas Teenage Baseball-Softball Association’s 8U [age 8 and under] Boys State Tournament. The event’s opening ceremony was held on Sunday July 22nd. Some of the city’s citizens have expressed excitement about and anticipation of the tournament for several weeks.

Including players and coaches, about 800 people attended the opening ceremonies, which began at 7pm CDT at the Winchester Park baseball complex and were led by the city’s Mayor, Ann Hall. Local businesses sponsored a hotdog supper at the complex before the ceremony. Overall, the tournament is to feature all 17 teams competing in about 40 games. Games are set to start at 8:30am each day, and play through 11:00pm nightly.

During the opening ceremony, teams lined up along the main competition field and each player and coach received a souvenir bag provided by the city of Chandler. The lead-up to the ceremony also featured a Kids Zone area with water slides, and bounce houses and a dunking booth staffed by coaches from the visiting teams.

The city’s major, Ann Hall, welcomed the team to Chandler and wished them salutations during their tournament play.

Thursday, November 8, 2007

India is the latest of the countries where the One Laptop Per Child (OLPC) experiment has started. Children from the village of Khairat were given the opportunity to learn how to use the XO laptop. During the last year XO was distributed to children from Arahuay in Peru, Ban Samkha in Thailand, Cardal in Uruguay and Galadima in Nigeria. The OLPC team are, in their reports on the startup of the trials, delighted with how the laptop has improved access to information and ability to carry out educational activities. Thailand’s The Nation has praised the project, describing the children as “enthusiastic” and keen to attend school with their laptops.

Recent good news for the project sees Uruguay having ordered 100,000 of the machines which are to be given to children aged six to twelve. Should all go according to plan a further 300,000 machines will be purchased by 2009 to give one to every child in the country. As the first to order, Uruguay chose the OLPC XO laptop over its rival from Intel, the Classmate PC. In parallel with the delivery of the laptops network connectivity will be provided to schools involved in the project.

The remainder of this article is based on Carla G. Munroy’s Khairat Chronicle, which is available from the OLPC Wiki. Additional sources are listed at the end.

Sunday, February 6, 2005A United Nations report has shown that sports footwear companies are making progress towards ending the use of sweatshops and are implementing more worker-friendly codes of practice than clothing companies and retailers.

The study, published by the International Labour Organisation, suggests that consumer pressure is behind the changes. As a result of consumer’s concerns, footwear companies have been diverting financial and human resources towards developing and implementing better codes of conduct for suppliers. Large teams have been established within companies to work toward the goal of better conditions for factory workers.

The study, based upon interviews with hundreds of managers, activists, government officials, factory workers and worker representatives and visits to companies all over the world, goes on to suggest that workers should be given more powers to oversee conditions in their places of work.

Clothing companies have been failing to make such good progress due the large number of constantly-changing suppliers they use, with the ILO study describing progress as “spotty.” A major retailer may have a supply base of over 5,000 different companies, making it more difficult to establish stronger, more effective links with supply companies. They have also assigned less manpower to the task of compliance with codes of practice.

In some areas of the retail industry, there has been almost no compliance with codes of practice.

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.