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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, September 24, 2007

Andrew McAvoy is running for the Green Party of Ontario in the Ontario provincial election, in the Windsor-Tecumseh riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Monday, January 26, 2009

On Thursday, the municipal intermediate people’s court in Shijiazhuang, Hebei province, China pronounced sentences for 21 defendants implicated in the 2008 Chinese milk scandal which killed at least six infants and sickened nearly 300,000 others.

In the local court’s decision, 17 accused were indicted for the crimes of “producing, adding melamine-laced ‘protein powder’ to infant milk or selling tainted, fake and substandard milk to Sanlu Group or 21 other dairy companies, including six who were charged with the crime of endangering public security by dangerous means.” Four other courts in Wuji County, in Hebei, China had also tried cases on the milk scandal.

Zhang Yujun, age 40, of Quzhou County (Hebei), who produced and sold melamine-laced “protein powder” in the milk scandal, was convicted of endangering public security and sentenced to death by the Shijiazhuang intermediate people’s court.

The court also imposed the penalty of death upon Geng Jinping, who added 434 kg of melamine-laced powder to about 900 tons of fresh milk to artificially increase the protein content. He sold the tainted milk to Sanlu and some other dairy companies. His brother Geng Jinzhu was sentenced to eight years imprisonment for assisting in adding the melamine.

A suspended capital punishment sentence, pending a review, with two years probation, was handed down to Gao Junjie. Under the law, a suspended death sentence is equivalent to life imprisonment with good behavior. The court ruled that Gao designed more than 70 tons of melamine-tainted “protein powder” in a Zhengding County underground factory near Shijiazhuang. His wife Xiao Yu who assisted him, was also sentenced to five years imprisonment.

Sanlu Group General Manager Tian Wenhua, 66, a native of Nangang Village in Zhengding County, who was charged under Articles 144 and 150 of the criminal code, was sentenced to life imprisonment for producing and selling fake or substandard products. She was also fined 20 million yuan (US$2.92 million) while Sanlu, which has been declared bankrupt, was fined 49.37 million yuan ($7.3 million).

Tian Wenhua plans to appeal the guilty verdict on grounds of lack of evidence, said her lawyer Liang Zikai on Saturday. Tian testified last month during her trial that she decided not to stop production of the tainted milk products because a Fonterra designated board member handed her a document which states that a maximum of 20 mg of melamine was allowed in every kg of milk in the European Union. Liang opined that Tian should instead be charged with “liability in a major accident,” which is punishable by up to seven years imprisonment, instead of manufacturing and selling fake or substandard products.

According to Zhang Deli, chief procurator of the Hebei Provincial People’s Procuratorate, Chinese police have arrested another 39 people in connection with the scandal. Authorities last year also arrested 12 milk dealers and suppliers who allegedly sold contaminated milk to Sanlu, and six people were charged with selling melamine.

In late December, 17 people involved in producing, selling, buying and adding melamine to raw milk went on trial. Tian Wenhua and three other Sanlu executives appeared in court in Shijiazhuang, charged with producing and selling fake or substandard milk contaminated with melamine. Tian pleaded guilty, and told the court during her 14-hour December 31 trial that she learned about the tainted milk complaints and problems with her company’s BeiBei milk powder from consumer complaints in mid-May.

She then apparently led a working team to handle the case, but her company did not stop producing and selling formula until about September 11. She also did not report to the Shijiazhuang city government until August 2.

The court also sentenced Zhang Yanzhang, 20, to the lesser penalty of life imprisonment. Yanzhang worked with Zhang Yujun, buying and reselling the protein powder. The convicts were deprived of their political rights for life.

Xue Jianzhong, owner of an industrial chemical shop, and Zhang Yanjun were punished with life imprisonment and 15 years jail sentence respectively. The court found them responsible for employment of workers to produce about 200 tons of the tainted infant milk formula, and selling supplies to Sanlu, earning more than one million yuan.

“From October 2007 to August 2008, Zhang Yujun produced 775.6 tons of ‘protein powder’ that contained the toxic chemical of melamine, and sold more than 600 tons of it with a total value of 6.83 million yuan [$998,000]. He sold 230 tons of the “protein powder” to Zhang Yanzhang, who will stay behind bars for the rest of his life under the same charge. Both Zhangs were ‘fully aware of the harm of melamine’ while they produced and sold the chemical, and should be charged for endangering the public security,” the Court ruled.

The local court also imposed jail sentences of between five years and 15 years upon three top Sanlu executives. Wang Yuliang and Hang Zhiqi, both former deputy general managers, and Wu Jusheng, a former raw milk department manager, were respectively sentenced to 15 years, eight years and five years imprisonment. In addition, the court directed Wang to pay multi-million dollar fines. In December, Wang Yuliang had appeared at the Shijiazhuang local court in a wheelchair, after what the Chinese state-controlled media said was a failed suicide attempt.

The judgment also states “the infant milk powder was then resold to private milk collectors in Shijiazhuang, Tangsan, Xingtai and Zhangjiakou in Hebei.” Some collectors added it to raw milk to elevate apparent protein levels, and the milk was then resold to Sanlu Group.

“The Chinese government authorities have been paying great attention to food safety and product quality,” Yu Jiang Yu, spokesperson for the Ministry of Foreign Affairs, said. “After the case broke out, the Chinese government strengthened rules and regulations and took a lot of other measures to strengthen regulations and monitor food safety,” she added.

In the People’s Republic of China, the intermediate people’s court is the second lowest local people’s court. Under the Organic Law of the People’s Courts of the People’s Republic of China, it has jurisdiction over important local cases in the first instance and hear appeal cases from the basic people’s court.

The 2008 Chinese milk scandal was a food safety incident in China involving milk and infant formula, and other food materials and components, which had been adulterated with melamine. In November 2008, the Chinese government reported an estimated 300,000 victims have suffered; six infants have died from kidney stones and other acute renal infections, while 860 babies were hospitalized.

Melamine is normally used to make plastics, fertilizer, coatings and laminates, wood adhesives, fabric coatings, ceiling tiles and flame retardants. It was added by the accused to infant milk powder, making it appear to have a higher protein content. In 2004, a watered-down milk resulted in 13 Chinese infant deaths from malnutrition.

The tainted milk scandal hit the headlines on 16 July, after sixteen babies in Gansu Province who had been fed on milk powder produced by Shijiazhuang-based Sanlu Group were diagnosed with kidney stones. Sanlu is 43% owned by New Zealand’s Fonterra. After the initial probe on Sanlu, government authorities confirmed the health problem existed to a lesser degree in products from 21 other companies, including Mengniu, Yili, and Yashili.

From August 2 to September 12 last year Sanlu produced 904 tonnes of melamine-tainted infant milk powder. It sold 813 tonnes of the fake or substandard products, making 47.5 million yuan ($13.25 million). In December, Xinhua reported that the Ministry of Health confirmed 290,000 victims, including 51,900 hospitalized. It further acknowledged reports of “11 suspected deaths from melamine contaminated milk powder from provinces, but officially confirmed 3 deaths.”

Sanlu Group which filed a bankruptcy petition, that was accepted by the Shijiazhuang Intermediate People’s Court last month, and the other 21 dairy companies, have proposed a 1.1 billion yuan ($160 million) compensation plan for court settlement. The court appointed receiver was granted six months to conclude the sale of Sanlu’s assets for distribution to creditors. The 22 dairy companies offered “families whose children died would receive 200,000 yuan ($29,000), while others would receive 30,000 yuan ($4,380) for serious cases of kidney stones and 2,000 yuan ($290) for less severe cases.”

Sanlu stopped production on September 12 amid huge debts estimated at 1.1 billion yuan. On December 19, the company borrowed 902 million yuan for medical and compensation payment to victims of the scandal. On January 16, Sanlu paid compensation of 200,000 yuan (29,247 U.S. dollars) to Yi Yongsheng and Jiao Hongfang, Gangu County villagers, the parents of the first baby who died.

“Children under three years old, who had drunk tainted milk and had disease symptoms could still come to local hospitals for check-ups, and would receive free treatment if diagnosed with stones in the urinary system,” said Mao Qun’an, spokesman of the Ministry of Health on Thursday, adding that “the nationwide screening for sickened children has basically come to an end.”

“As of Thursday, about 90% of families of 262,662 children who were sickened after drinking the melamine-contaminated milk products had signed compensation agreements with involved enterprises and accepted compensation,” the China Dairy Industry Association said Friday, without revealing, however, the amount of damages paid. The Association (CDIA) also created a fund for payment of the medical bills for the sickened babies until they reach the age of 18.

Chinese data shows that those parents who signed the state-backed compensation deal include the families of six children officially confirmed dead, and all but two of 891 made seriously ill, the report said. Families of 23,651 children made ill by melamine tainted milk, however, have not received the compensation offer, because of “wrong or untrue” registration details, said Xinhua.

Several Chinese parents, however, demanded higher levels of damages from the government. Zhao Lianhai announced Friday that he and three other parents were filing a petition to the Ministry of Health. The letter calls for “free medical care and follow-up services for all victims, reimbursement for treatment already paid for, and further research into the long-term health effects of melamine among other demands,” the petition duly signed by some 550 aggrieved parents and Zhao states.

“Children are the future of every family, and moreover, they are the future of this country. As consumers, we have been greatly damaged,” the petition alleged. Chinese investigators also confirmed the presence of melamine in nearly 70 milk products from more than 20 companies, quality control official Li Changjiang admitted.

In addition, a group of Chinese lawyers, led by administrator Lin Zheng, filed Tuesday a $5.2 million lawsuit with the Supreme People’s Court of the People’s Republic of China (under Chief Grand Justice Wang Shengjunin), in Beijing, on behalf of the families of 213 children’s families. The class-action product liability case against 22 dairy companies, include the largest case seeking $73,000 compensation for a dead child.

According to a statement to the Shanghai Stock Exchange Market Friday, China’s Inner Mongolia Yili Industrial Group Company, which has a domestic market share of milk powder at 8 percent, reported a net loss in 2008 because of the milk scandal. A Morgan Stanley report states the expected company’s 2008 loss at 2.3 billion yuan. The scandal also affected Yili’s domestic rivals China Mengniu Dairy Company Limited and the Bright Group. Mengniu suffered an expected net loss of 900 million yuan despite earnings in the first half of 2008, while the Bright Group posted a third quarter loss at 271 million yuan last year.

New Zealand dairy giant Fonterra, said Saturday it accepted the Chinese court’s guilty verdicts but alleged it had no knowledge of the criminal actions taken by those involved. “We accept the court’s findings but Fonterra supports the New Zealand Government’s position on the death penalty. We have been shocked and disturbed by the information that has come to hand as a result of the judicial process,” said Fonterra Chief Executive Andrew Ferrier.

“Fonterra deeply regrets the harm and pain this tragedy has caused so many Chinese families,” he added. “We certainly would never have approved of these actions. I am appalled that the four individuals deliberately released product containing melamine. These actions were never reported to the Sanlu Board and fundamentally go against the ethics and values of Fonterra,” Ferrier noted.

Fonterra, which controls more than 95 percent of New Zealand’s milk supply, is the nation’ biggest multinational business, its second-biggest foreign currency earner and accounts for more than 24 percent of the nation’s exports. Fonterra was legally responsible for informing Chinese health authorities of the tainted milk scandal in August, and by December it had written off its $200 million investment in Sanlu Group.

Amnesty International also strongly voiced its opposition to the imposition of capital punishment by the Chinese local court and raised concerns about New Zealand’s implication in the milk scandal. “The death penalty will not put right the immense suffering caused by these men. The death penalty is the ultimate, cruel and inhumane punishment and New Zealand must take a stand to prevent further abuses of human rights.” AI New Zealand chief executive Patrick Holmes said on Saturday.

“The New Zealand government does not condone the death sentence but we respect their right to take a very serious attitude to what was extremely serious offending,” said John Phillip Key, the 38th and current Prime Minister of New Zealand and leader of the National Party. He criticized Fonterra’s response Monday, saying, “Fonterra did not have control of the vertical production chain, in other words they were making the milk powder not the supply of the milk, so it was a difficult position and they did not know until quite late in the piece. Nevertheless they probably could front more for this sort of thing.”

Keith Locke, current New Zealand MP, and the opposition Green Party foreign affairs spokesman, who was first elected to parliament in 1999 called on the government and Fonterra to respond strongly against the Chinese verdict. “They show the harshness of the regime towards anyone who embarrasses it, whether they are real criminals, whistleblowers or dissenters,” he said. “Many Chinese knew the milk was being contaminated but said nothing for fear of repercussions from those in authority. Fonterra could not get any action from local officials when it first discovered the contamination. There was only movement, some time later, when the matter became public,” he noted.

Green Party explained “it is time Fonterra drops its overly cautious act.” The party, however, stressed the death penalty is not a answer to the problems which created the Chinese milk scandal. “The Green Party is totally opposed to the death penalty. We would like to see the government and, indeed, Fonterra, speaking out and urging the Chinese government to stop the death penalty,” said Green Party MP Sue Kedgley.

Saturday, August 25, 2007

The leading supplier of school uniforms in the United Kingdom, Lancashire-based manufacturer Trutex, has announced it is “seriously considering” including GPS tracking devices in future ranges of its uniform products after conducting an online survey of both parents and children.

“As a direct result of the survey, we are now seriously considering incorporating a [tracking] device into future ranges” said Trutex marketing director Clare Rix.

The survey questioned 809 parents and 444 children aged nine to 16. It showed that 44% of parents were worried about the safety of pre-teen children, and 59% wanted tracking devices installed in school apparel. 39% of children aged nine to 12 were prepared to wear clothing with tracking devices in them, while teenagers were notably less enthusiastic and more wary of what Trutex has admitted they see as a “big brother” concept.

However, Trutex has claimed the tracking devices would bring about worthwhile benefits, including being a valuable resource for parents who wanted to keep a close eye on where their children were at all times.

“As well as being a safety net for parents, there could be real benefits for schools who could keep a closer track on the whereabouts of their pupils, potentially reducing truancy levels” says Rix.

Each year, Trutex supplies 1 million blouses, 1.1 million shirts, 250,000 pairs of trousers, 20,000 blazers, 60,000 skirts and 110,000 pieces of knitwear to the UK.

It is not the first company to manufacture school uniforms with a central focus on child safety; last week Essex firm BladeRunner revealed it was selling stab-proof school blazers to parents concerned about violence against their children. The blazers were outfitted with Kevlar, a synthetic fibre used in body armour. It has already received orders internationally, including Australia.

If the Trutex tracking devices go ahead, it is unclear where in the uniform they will be located.

Thursday, November 8, 2012

Tens of thousands have been displaced and at least 25 people killed in southern India due to torrential rains and heavy flooding during the last week.

According to officials in the Indian state of Andhra Pradesh, almost 100,000 people have been forced to leave their homes due to severe weather, with 95,000 people in government-run relief camps. The districts of Visakhapatnam, East and West Godavari, Krishna, Guntur and Khammam were hardest hit. So far, 25 people have died in the state as a result of the torrential rains and heavy flooding. An additional 15 people were killed in the neighboring state of Tamil Nadu.

The weather has significantly disrupted normal life as well as traffic. When the flood waters recede, farmers in the region may also see that almost all their crops were destroyed by the flooding.

“The unseasonal rainfall has destroyed our crops and our entire field is submerged in water,” says Arku Rajaipa, a farmer in Gunthur district. He also said that his family would be forced to rely on the government for food for the rest of the year.

Prime Minister Manmohan Singh has offered federal support for the affected areas and contacted the Chief Minister of Andhra Pradesh.

Friday, December 12, 2008

Top broker and Wall Street adviser Bernard L. Madoff, aged 70, was arrested and charged by the FBI on Thursday with a single count of securities fraud, also known as stock fraud and investment fraud. He allegedly told senior employees of his firm on Wednesday that his $50 billion business “is all just one big lie” and that it was “basically, a giant Ponzi scheme (since at least 2005).” Mr. Madoff faces up to 20 years imprisonment and a fine of up to $5 million. FBI agent Theodore Cacioppi said Mr. Madoff’s investment advisory business had “deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in investors’ losses of approximately $50 billion dollars.”

The former chairman of the Nasdaq Stock Market is also the founder and primary owner of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. The firm is one of the top market maker firms on Wall Street. He founded his family firm with an initial investment of $5,000, after attending Hofstra University Law School. He saved the money earned from a job lifeguarding at Rockaway Beach in Queens and a part time job installing underground sprinkler systems.

A force in Wall Street trading for nearly 50 years, he has been active in the National Association of Securities Dealers (NASD), a self-regulatory organization for the U.S. securities industry. His firm was one of the five most active firms in the development of the NASDAQ, having been known for “paying for order flow,” in other word paying a broker to execute a customer’s order through Madoff. He argued that the payment to the broker did not alter the price that the customer received. He ran the investment advisory as a secretive business, however.

Dan Horwitz, counsel of Mr. Madoff, in an interview, said that “he is a longstanding leader in the financial-services industry with an unblemished record; he is a person of integrity; he intends to fight to get through this unfortunate event.” Mr. Madoff was released on his own recognizance on the same day of his arrest, after his 2 sons turned him in, and posting $10 million bail secured by his Manhattan apartment. Without entering any plea, the Court set the preliminary hearing for January 12.

Madoff’s hedge fund scheme may rank among the biggest fraud in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets. The scheme would dwarf past Ponzis, and it would further be nearly five times the telecommunication company WorldCom fraud and bankruptcy proceedings in 2002.

The Securities and Exchange Commission filed a separate civil suit on Thursday against Bernard L. Madoff Investment Securities and its eponymous founder Mr. Madoff. It was docketed as “U.S. v. Madoff,” 08-MAG-02735, by the U.S. District Court for the Southern District of New York (Manhattan). SEC, New York associate director of enforcement, Andrew M. Calamari, asked the judge to issue seizure orders on the firm and its assets, and appoint a receiver. The SEC pleads, among others, that “it was an ongoing $50 billion swindle; our complaint alleges a stunning fraud that appears to be of epic proportions.” It further accused the defendant of “paying returns to certain investors out of the principal received from other, different investors” for years. Madoff’s hedge fund business had previously claimed to have served between 11 and 25 clients and had $17.1 billion in assets under management. But virtually all of the assets were missing.

United States District Court for the Southern District of New York Louis L. Stanton on Thursday appointed Lee Richards, a Manhattan lawyer, as the firm’s receiver. A hearing is set for Friday, for a ruling on the SEC’s petition to grant plenary powers to the receiver over the entire firm, and an absolute asset sequestration.

Doug Kass, president of hedge fund Seabreeze Partners Management said that “this is a major blow to confidence that is already shattered — anyone on the fence will probably try to take their money out.”

Monday, June 26, 2006

A Francesco Totti penalty deep in added time put Italy through to the next round of the 2006 Fifa World Cup at the expense of Australia, Monday.

The Australian Socceroos had the ball more, but the more experienced Azzuri defenders created an impenetrable defence, limiting the number of Australian scoring opportunities. This was despite the Italian team shrinking to ten men after Marco Materazzi was shown a controversial straight red card in the 50th minute.

Australia looked to have gained an advantage when Marco Bresciano surged through the Italy defence and Materazzi slid in to trip him up. Though there was an Italy defender on Bresciano’s shoulder, Spanish referee Luis Medina Cantalejo deemed that the tackle was deliberately not aimed at the ball, and considered the foul worth more than a single yellow card. It would not be the only disputed decision in the match.

Both sides had a number of good opportunities to score, but the shots were generally too close to the box to beat the goalkeepers. The best save of the game was made by Mark Schwarzer from a Luca Toni effort 20 minutes into the game.

Guus Hiddink delayed making attacking substitutions against ten-men Italy likely because he expected the game to go to extra time, and so wished to keep a fitness advantage later on in the game. Hiddink’s only substitution, John Aloisi, came on at the 80th minute, while the Italian coach Marcello Lippi had made three, including the crucial one of Totti five minutes earlier.

In the attack Totti was a straight swap for Alessandro Del Piero, a fresh pair of legs which ensured Italy were a threat on the break right until the end of the regular period of play. It was a tactic that paid dividends in the end.

The second disputed referee decision was a penalty kick was awarded to Fabio Grosso three minutes into added time (and the last minute of game time). Grosso was running towards goal from out wide having avoided Marco Bresciano before being obstructed by Lucas Neill. The central defender had fallen to the ground early and Grosso, though not tripped, was impeded and dived straight over him. Medina awarded a penalty shot as this occurred within the penalty area.

Totti, dropped from the game in favour of Del Piero, grinned slightly as he placed the ball on the spot. The ball was struck close to the upper-right corner of Schwarzer’s box, the goalie could do nothing to stop the ball. It was the last kick of the game and the Italians celebrated.

The Budweiser Man of the Match was Gianluigi Buffon of Italy.

The prize was a quarter-final match against the lowest ranked FIFA team in their half of the knock-out tree, Ukraine.