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Sunday, June 21, 2009

Red Bull Racing driver, Sebastian Vettel won the FIA Formula One 2009 Santander British Grand Prix from pole at the Silverstone Circuit, Northamptonshire, England. His teammate, Mark Webber, came second.

As the current leader of this season Jenson Button started sixth on the grid of his home Grand Prix, his Brawn–Mercedes teammate Rubens Barrichello took third joining Red Bull’s drivers on the podium.

Felipe Massa came fourth for Ferrari) despite starting eleventh. Jenson Button came very close to Massa and and Nico Rosberg from Williams but was unable to pass them and came only sixth gaining three points for the Brawn team.

Jarno Trulli (Toyota) and Kimi Räikkönen (Ferrari) closed the top eight.

Trulli’s teammate, Timo Glock came ninth with Giancarlo Fisichella on his back – a good result for the Force India team.

Jenson Button still leads the drivers’ standings with 64 points so far, 23 points ahead of his teammate and 25 ahead of Vettel. The constructor’s championship is topped by Brawn GP with more than a hundred points, Red Bull follows 30.5 points behind.

This year the British Grand Prix was expected to be the last held at Silverstone as Donington Park continues reconstruction to meet Formula One next year.

Thursday, June 28, 2007

Indonesia has shut down four airlines and grounded five others with the potential of similar licence revocations for failing to meet safety standards.

The largest company to lose its licence is Jatayu Gelang Sejahtera. The other companies are all small airlines operating only aircraft with a passenger capacity of fewer than thirty, and are Aviasi Upataraksa, Alfa Trans Dirgantara and Prodexim. The companies that were grounded pending either improvements or licence revokation are Germania Trisila Air, Atlas Delta Setia, Survey Udara Penas, Kura-kura Aviation and SMAC, all of which also operate only aircraft with under-30 passenger capacities. They have three months to improve, or their licences will be revoked.

Jatayu had already ceased operations in August, but had intended to restart with a 150-seat Boeing 737. The licence was revoked because the state requires at least two aircraft to be commercially operated and because of the fact that it “was lacking in pilots and human resources”. Also, the age of the jetliner meant that it would require a test called a ‘C-Check’ before it could begin commercial services, at a cost of $120,000.

The action comes as the result of a number of air crashes, namely the Adam Air Flight 574 disaster in which 102 people were killed, and the Adam Air Flight 172 accident, in which a plane snapped in half during a hard landing, but managed to hold together, thus preventing any serious injuries. As a result, all 54 of Indonesia’s airlines were given a safety rating, with a level-1 rating meaning no action was needed, a level-2 rating meaning the airline needed to make some improvements, and a level-3 rating requiring that the airline be shut down unless improvements were made within three months. Most airlines received a level-2 rating, while none received the top rating. Adam Air was among the airlines to receive the level-3 rating, but was upgraded to tier 2 at the same time as the groundings.

Meanwhile, state-owned Garuda Indonesia is now the only airline to have a type-1 rating, despite the fatal crash of Garuda Indonesia Flight 200 in March. According to the Indonesian Transport Ministry’s Director General for Aviation Budi Mulyawan Suyitno, Garuda now satisfied 84 percent of civil aviation standards.

The ratings have been based on such criteria as surveillance, ramp checks, personnel, department safety, number of accidents and number of serious incidents, according to the BBC. Meanwhile, Flight Global is reporting that, according to Directorate General of Air Communications (DGAC) director of air certification office, Yurlis Hasibuan “20 criteria including whether the airline has developed [better] safety and human resources” are checked.

Tuesday, August 2, 2005

Massey Energy Co., the fourth largest coal producer in the U.S., filed a federal lawsuit against the Governor of West Virginia, Joe Manchin.

Massey’s CEO Don Blankenship alleged that Gov. Manchin acted in retaliation against the company’s coal mining operations because the company spent $650,000 in an advertising campaign to defeat the governor sponsored pension bond proposal. The $5.5 billion bond proposal, intended to shore up the state’s sagging pension plan, was defeated in a special election held in June.

The Massey lawsuit, filed last Tuesday on July 26 in the U.S. District Court in the W.V. southern district, was referred to by Gov. Manchin as having less to do with the bond proposal than with the newly increased state “severance tax” on coal. Nearly 40 million tons of coal production will be subject to the 56-cent tax.

According to Blankenship, that tax amounts to $22.4 million in additional costs for the company, but he denied the increase has anything to do with the lawsuit.

The company reported profits that almost tripled during the second quarter compared to a year ago. Of the company’s rosy earnings picture, Blankenship urged states to “show some frugality” by not placing tax burdens on coal to solve state budget shortfalls. He said his company is “playing a role” because there was no need for the bond sale and the state can afford to make payments into the pension system.

Blankenship acknowledged during a conference call the now-rescinded June 30 permit by the W.V. Department of Environment Protection (DEP). At issue was the department’s permit for mining operations near the Marsh Fork Elementary School, in Sundial, W.V. The school rests at the base of a mountain selected by Massey for “Mountain Top Removal” (MTR) mining techniques. Along with the mining equipment, a coal preparation plant and a sludge pond were established on the mountain. Protest groups, mainly the Coal River Mountain Watch and Mountain Justice Summer, presented a list of demands to Massey officials that included shutting down the preparation plant, ceasing all MTR mining above the Marsh Fork Elementary School, and abandoning plans for a second coal silo near the school. They also ask that the Marsh Fork school be cleaned up or relocated. The state permit for a second coal storage silo was rescinded by the DEP the same day Massey filed the Manchin lawsuit.

Gov. Manchin in June said that Blankenship could expect tougher state scrutiny of his business affairs since the Massey media campaign against the pension bond proposal. “I think that is justified now, since Don has jumped in there with his personal wealth trying to direct public policy,” he said at an appearance at an American Electric Power event in Putnam County.

Thursday, July 3, 2014

Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm.

Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC).

Mr Narev stated the bank’s performance in providing financial advice was “unacceptable”, and the bank was launching a scheme to compensate clients who lost money due to the planners’ actions.

In a statement Mr Narev said, “Poor advice provided by some of our advisers between 2003 and 2012 caused financial loss and distress and I am truly sorry for that. […] There have been changes in management, structure and culture. We have also invested in new systems, implemented new processes, enhanced adviser supervision and improved training.”

An investigation by Fairfax Media instigated the Senate inquiry into the Commonwealth Bank’s financial planning division and ASIC.

Whistleblower Jeff Morris, who reported the misconduct of the bank to ASIC six years ago, said in an article for The Sydney Morning Herald that neither the bank nor ASIC should be in control of the compensation program.

Thursday, March 13, 2008

An Atlas V rocket has successfully launched a classified spy satellite for the United States National Reconnaissance Office (NRO). The satellite, currently known to the public as NRO L-28, or Launch 28, is believed by amateur enthusiasts to be a signals intelligence (SIGINT) spacecraft, known by the codename Trumpet. The Atlas V carrier rocket flew in the 411 configutation, with a 4 metre diameter fairing, one solid rocket motor, and a single-engine Centaur upper stage.

The rocket lifted off from Vandenberg Air Force Base, Space Launch Complex 3 East (SLC-3E), at 10:02 GMT (03:02 local time) this morning. Today’s flight marks the thirteenth launch of the Atlas V, and the first Atlas V launch from Vandenberg. It is also the tenth orbital launch of 2008. The satellite entered a Molniya orbit, usually used by the NRO for SIGINT and communications satellites.

The launch was conducted by United Launch Alliance, a joint venture between Lockheed Martin, who designed and built the Atlas V, and Boeing, to provide EELV launches for the US Government. ULA president Michael Gass described the launch as “a proud moment in our company’s history”. The launch had been delayed by two years, from early 2006, due to a number of factors.

In addition to its reconnaissance payload, the satellite is carrying two small experiments. SBIRS-HEO 2 and TWINS-B. SBIRS is a test article for a missile detection system, slated to launch late this year or early next, and TWINS is a NASA infrared astronomy experiment. They will remain attached to the satellite for the duration of its mission.

Following the separation of the payload fairing, around five minutes after launch, all information on the launch was withheld, however about an hour into the flight, the launch was confirmed to have been successful. ULA will conduct its next launch on Saturday, when a Delta II will orbit a GPS satellite. The next Atlas launch is scheduled for mid-April, with the ICO G1 communication satellite.

Monday, November 28, 2011

The death toll from the weekend suspension bridge collapse on the Indonesian island of Borneo has risen from four to eleven. Search and rescue teams continue to look for bodies in the Mahakam River.

The number of wounded is currently 39 injured; reports from locals suggest 33 people remain missing at the scene in East Kalimantan’s Kutai Kartanegara district, where “Kalimantan’s Golden Gate Bridge” linked the towns of Tenggarong and the regional capital, Samarinda. A six-month-old baby is among the dead.

Cars, motorbikes, and buses all fell into the Mahakam River when the bridge came down during repairs. Another car was left overturned and balanced upon wreckage over the water. State-owned builders PT Hutama Karya completed the bridge about a decade ago in the image of California’s Golden Gate Bridge. A cable on the 720-metre structure is thought to have failed as workers dealt with it; six of the repair crew were reported missing yesterday. It had been the longest suspension bridge in Borneo.

Eyewitnesses described heavy traffic at the time of the collapse, and one survivor said he left his truck to investigate a traffic jam. Some people were left trapped by debris as the bridge came down. “It happened so fast, only about 30 seconds,” according to National Disaster Management Agency spokesman Sutopo Nugoroho.

National search and rescue head Daryatmo said yesterday cranes will attempt to move debris today, with new reports saying echo-sounding equipment will be used to check it is safe to begin lifting. It is believed the bodies of more victims will be found trapped in vehicles beneath the water, which is 35-40 metres deep. Visibility is poor, and one official explained authorities are still unsure how many vehicles are on the riverbed.

“The above-water search is continuing, but underwater operations have not been carried out because we’re worried that the bridge’s pylons are unstable and could collapse any time,” said Nugoroho today. He explained that bodies had washed onto the riverbanks overnight and were recovered today.

The president, Susilo Bambang Yudhoyono, has sent three ministers to the site to investigate the accident, while Bambang Widaryatmo, head of East Kalimantan’s police, promised “parties found to be negligent will be prosecuted”. The government has promised a replacement ferry service. The river is closed to boats as rescue operations continue, and a 22-strong team has been dispatched from the national police, comprising six forensics experts, five disaster victim identification specialists, and eleven investigators. They are there to augment the East Kalimantan Police. Health Minister Endang Rahayu Sedyaningsih yesterday visited survivors in Parikesit Hospital and promised them medical treatment at government expense.

Some people swam ashore after falling, with the aftermath filled with screams. Survivor Syakrani, 24, yesterday asserted “The authorities should have closed the bridge if it was under repair.” His words were followed by a Jakarta Globe editorial declaring the accident “unacceptable”.

The Globe went on to comment upon suggestions corruption may have played a role; “It is too early to point fingers and look to place blame, but if shoddy materials were used in the building of the bridge, those responsible must answer to the public.” Another suggestion is coal barges striking the bridge may have weakened it. Local coal company Harum Energy lost five percent of its share value today amid fears the river blockage will hamper their ability to ship coal.

Samarinda’s seen a population and construction boom lately. A few years have seen the population triple and the construction of a large mosque, and a sports stadium; an airport and port are set to follow. However, the Corruption Eradication Commission warns 70% of the corruption it investigates concerns government contracts and up to 40% of money earmarked for infrastructure ends up stolen.

Thursday, October 18, 2007

On Wednesday, Turkey’s Grand National Assembly voted 507-19 to authorize sending troops into northern Iraq to pursue Kurdish rebels. Although the authorization is valid for one year, Turkish officials made clear that it would not necessarily result in military action. Both the United States and Iraq have recently warned Turkey against such an incursion.

Turkish Prime Minister Recep Tayyip Erdo?an said that although the motion does not indicate that a military operation is imminent, it is necessary for Turkey to be able to respond to bomb attacks which have been blamed on Kurdistan Workers Party (PKK) rebels in Iraq. Turkey has been asking for help in dealing with the PKK for months, and the Turkish public has grown frustrated with America’s perceived lack of action on the issue.

Both the United States and Iraq have recently warned Turkey against an incursion into Iraq. “The Iraqi government calls on the Turkish government to pursue a diplomatic solution and not a military solution to solve the [problem] of terrorist attacks which our dear neighbor Turkey has witnessed from the PKK,” Iraq government spokesperson Ali al-Dabbagh said earlier this week. White House National Security Council spokesman Gordon Johndroe called on Turkey “to continue their discussions with us and the Iraqis and to show restraint from any potentially destabilizing actions.”

Responding to the motion, U.S. President George W. Bush urged Turkey not to carry out an attack, saying “[we are] making it clear to Turkey it is not in their interest to send more troops in… there is a better way to deal with the issue.”

Syrian President Bashar al-Assad defended Turkey’s decision and criticized the U.S. position, saying “It is important to note that the powers that have invaded Iraq are those primarily responsible for the terror activities and attacks because they control the country.” “We certainly support and back the decisions by the Turkish government in combat against terror and terror activities,” he said.

Murat Karayilan, the leader of the armed wing of the PKK, warned Turkey of the consequences of an attack in an interview with The Times. “If the Turkish Army attacks Iraqi Kurdistan we will struggle and resist against this until the end,” he said. Karayilan nevertheless said he hoped that the crisis could be resolved peacefully but continues attacks on Turkish soldiers, killing 12 in an ambush yesterday.

U.S.-Turkish relations have been strained recently after a U.S. House of Representatives resolution passed committee, labeling the World War I era killings of up to 1.5 million Armenians by the Ottoman Empire as “genocide”. Turkey strongly disputes these claims. Majority Leader Nancy Pelosi says the US House of Representatives will vote on the resolution “soon.”

President Bush criticized the resolution at a press conference on Wednesday, saying “One thing Congress should not be doing is sorting out the historical record of the Ottoman Empire.”