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Friday, September 14, 2007

Semicon Taiwan goes to the final day on September 14, one of exhibitors Siemens AG imported containers named “exiderdome” to Taiwan and held an exhibition at A13 Parking Lot in Xinyi District, Taipei City for professionals from some industries such as automation, semiconductor, and electronics experiencing the advantages on automation solutions by Siemens.

For this special exhibition, Wikinews Reporter Brock interviewed Stephen Huang (International Account Manager of Automation and Drives Department, Siemens Limited) and Ken Cheng (Director of Automation and Drives Department, Siemens Limited) for information on this exhibition.

Tuesday, September 23, 2008

On October 14, 2008, Canadians will be heading to the polls for the federal election. New Democratic Party candidate Katy Austin is standing for election in the riding of Simcoe—Grey. Born in St. Catherines and raised in Barrie, Austin has a Bachelor of Physical and Health Education from the University of Windsor. Teaching in various Ontario schools, she has been active in the Simcoe NDP riding association since 1975. Austin rode her bike, solo, from Victoria, British Columbia to Elmvale, Ontario (a total of 4 500 km) in 40 days during the summer of 1996, camping along the way.

Wikinews contacted Katy Austin, to talk about the issues facing Canadians, and what they and their party would do to address them. Wikinews is in the process of contacting every candidate, in every riding across the country, no matter their political stripe. All interviews are conducted over e-mail, and interviews are published unedited, allowing candidates to impart their full message to our readers, uninterrupted.

The riding is currently held by Helena Guergis (Conservative), the Secretary of State for Foreign Affairs, International Trade and Sport. Also challenging Guergis are Peter Ellis (Green), Andrea Matrosovs (Liberal), Caley McKibbin (Libertarian), and Peter Vander Zaag (Christian Heritage).

For more information, visit the campaign’s official website, listed below.

Monday, October 22, 2007

At the 1st day of WiMAX Forum Taipei Showcase & Conference, Ministry of Economic Affairs of R.O.C. Taiwan (MOEA Taiwan) not only set M-Taiwan Pavilion supervised by Industrial Development Bureau of MOEA Taiwan, but also signed MOUs with five world-class WiMAX companies to enhance the advance of networking industry in Taiwan especially in WiMAX environment.

In the contract-signing ceremony, MOEA Taiwan chose Alcatel-Lucent, Motorola Inc., Nokia-Siemens, Starent Networks, and Sprint-Nextel to sign MOUs with different technologies such as interoperability testing (IOT) to help companies in Taiwan with testing and purchasing WiMAX networking devices and develop solutions with high prime costs to expand the opportunity in global marketing.

“Governments and networking industry in Taiwan is still promoting on M-Taiwan project, the investment with WiMAX infrastructure in Taiwan is the 2nd highest in the world, we estimate that by 2012, the production value of WiMAX will break NT$140 billion. With the MOUs signing, the industry development of WiMAX infrastructure in Taiwan will be improved rapidly with product testing and lots ways of applications to ensure the prime position in the global WiMAX chain.” Steve Ruey-long Chen (Minister of Economic Affairs of Taiwan) remarked at the Ceremony.

According to MOEA Taiwan, this MOUs signing is the 2nd time after signing with world-class companies like Intel, NEC, Nortel, and Rohde & Schwarz Technology. With this MOUs signing, it will improve the networking industry and WiMAX infrastructure in Taiwan.

Saturday, April 9, 2022

On Thursday, the United States Senate confirmed Ketanji Brown Jackson as an associate justice of the Supreme Court, becoming the first African American woman to sit on the Court.

The vote was 53 in favor of Jackson and 47 opposed, largely split along party lines between Democrats and Republicans, respectively. Susan Collins (Maine), Mitt Romney (Utah) and Lisa Murkowski (Alaska) broke ranks with their fellow Republicans to cast votes for Jackson. Vice President Kamala Harris presided over the vote. Had there been a deadlock, she would have cast a tiebreaking vote.

Jackson and President Joe Biden watched the proceedings from the Roosevelt Room of the White House. Biden nominated Jackson on February 25 to replace retiring Justice Stephen Breyer. In 2020, Biden promised while running for President to nominate a African American woman to the Supreme Court, the country’s highest. Presidential nominations are required to be confirmed by the Senate.

On March 21, Jackson was introduced to the Senate by Thomas B. Griffith, a former judge on the Court of Appeals for Washington, D.C. During her opening remarks, Jackson said: “My parents taught me that unlike the many barriers that they had to face growing up, my path was clearer, so that if I worked hard and believed in myself, in [the US] I could do anything or be anything I wanted to be.”

She closed with: “Members of this committee, if I am confirmed, I commit to you that I will work productively to support and defend the Constitution and this grand experiment of American democracy that has endured over these past 246 years. During this hearing I hope that you will see how much I love our country and the Constitution and the rights that make us free.”

On the second day of confirmation hearings, Senator Josh Hawley (Republican; Missouri) challenged Jackson on child pornography cases over which she had presided. He questioned a three-month prison sentence handed out by Jackson in United States v. Hawkins where the prosecution had sought two years imprisonment. Federal Sentencing Guidelines recommended eight years in the case, based on the number of images. Jackson responded that she disagrees with the current guidelines, arguing they fail to differentiate defendants, and are contentious by the Sentencing Commission.

Jackson explained: “Congress has given the judges not only the discretion to make the decision but required judges to do so on an individualized basis taking into account not only the guidelines but also various factors including the age of the defendant, the circumstances of the defendant.” The defendant in the case was eighteen years old.

On the third day of the hearings, Jackson was pressed on how to apply Constitutional provisions written over two hundred years ago, to current issues. Jackson responded: “It’s a process of understanding what the core foundational principles are in the Constitution, as captured by the text, as originally intended, and then applying those principles to modern day.”

Senators Lindsey Graham (Republican; South Carolina) and Ted Cruz (Republican; Texas) continued a line of questioning from Tuesday on light sentences which led head of the Judiciary Committee Senator Dick Durbin (Democrat; Illinois) to intervene numerous times on Jackson’s behalf. While Durbin said Jackson was being interrupted, he was accused of filibustering in the nominee’s favor.

On the fourth and final day of the hearing on March 24, Durbin announced the Judiciary Committee would meet on March 28, potentially setting up a vote on Jackson for April 4. That day, Jackson herself was not present on March 24 as the Senate heard testimony from other parties, such as Wade Henderson, president of nonprofit group the Leadership Conference on Civil and Human Rights. Henderson said of Jackson: “Her background is absolutely extraordinary and her demonstration and mastery of the law is second to none.”

Senator Marsha Blackburn (Republican; Tennessee) requested access to confidential pre-sentencing reports in Jackson’s past child pornography cases. Reports of this nature are confidential to protect the victims. Durbin refused, saying: “I would not want that on my conscience, that we did this for some political exercise here, which I think is totally unnecessary, and someone was harmed as a result of it. I’m going to resist it every step of the way.”

On April 4, the Judiciary Committee voted 11-11 on Jackson, a deadlock broken by a vote called by Senate Majority Leader Chuck Schumer (New York) which sent it to the Senate floor.

Prior to her nomination, Jackson served as a clerk for Breyer, a federal public defender, a federal district court judge and a member of the sentencing commission, as well as an attorney in private practice.

The Supreme Court has eight associate justices and one chief justice.

Sunday, January 10, 2010

Chinese officials have said that their country’s exports surged last December to edge out Germany as the world’s biggest exporter.

The official Xinhua news agency reported today that figures from the General Administration for Customs showed that exports jumped 17.7% in December from a year earlier. Over the whole of 2009 total Chinese exports reached US$1.2 trillion, above Germany’s forecast $1.17 trillion.

Huang Guohua, a statistics official with the customs administration, said the December exports rebound was an important turning point for China’s export sector. He commented that the jump was an indication that exporters have emerged from their downslide.

“We can say that China’s export enterprises have completely emerged from their all-time low in exports,” he said.

However, although China overtook Germany in exports, China’s total foreign trade — both exports and imports — fell 13.9% last year.

Wednesday, March 14, 2012

In an opinion piece published by CNN on Tuesday, Georgetown University law student and women’s rights advocate Sandra Fluke insisted she will not allow slurs from critics to silence her and other women from continuing to speak out on issues regarding women’s health and contraception.

Fluke has faced slurs and personal attacks after speaking before the House Democratic Steering and Policy Committee in the United States House of Representatives about women’s health and contraception. She was called a “slut” and a “prostitute” by talk radio show host Rush Limbaugh. In response to these attacks, Fluke has received public support from women, members of the media, and politicians including the President of the United States.

In her piece for CNN, Fluke took the opportunity to thank her supporters, writing, “By now, many have heard the stories I wanted to share thanks to the congressional leaders and members of the media who have supported me and millions of women in speaking out.” She characterized the “opponents of reproductive health access” who issued personal attacks against her as being motivated by an attempt to change the topic of conversation away from a dialogue about women’s health, and “to silence women’s voices regarding their own health care.”

Fluke wrote that the efforts by some to drown out women from speaking out about women’s health were unsuccessful. She came to this conclusion due to the multitude of positive comments and encouragement sent to her by both female and male individuals urging that contraception medication be considered a medical necessity.

Asserting that she would not remain silent on this issue of women’s health, Fluke wrote, “Attacking me and women who use contraception by calling us prostitutes and worse cannot silence us.”

She noted that a significant majority of women have utilized contraception medication, and commented that there exists a social disconnect between politicians attempting to make it more difficult for women to access this type of health care, and the views of society-at-large about the matter: “Restricting access to such a basic health care service, which 99% of sexually experienced American women have used and 62% of American women are using right now, is out of touch with public sentiment.”

Fluke concluded her piece by emphasizing that those in power should not govern based on ideology: “I am proud to stand with the millions of women and men who recognize that our government should legislate according to the reality of our lives — not for ideology.”

After being banned by Congressman Darrell Issa from speaking before a Committee on Oversight and Government Reform hearing on February 16 which consisted mainly of male panelists, Fluke appeared before a meeting of the House Democratic Steering and Policy Committee convened by Minority leader of the United States House of Representatives Nancy Pelosi on February 23.

Fluke spoke to the committee about the need for contraception to be covered by health care plans offered by employers, as a matter integral to women’s health. She cited multiple cases where women take contraception medication as part of their health care for treatment of medical conditions unrelated to birth control, including two women who suffer from polycystic ovarian syndrome, a woman who is afflicted with endometriosis and another who takes contraception in order to prevent seizures.

Speaking before the United States Senate on February 17 along with fellow members Patty Murray, Kirsten Gillibrand, Barbara Boxer, and Charles Schumer, Senator Jeanne Shaheen of New Hampshire expressed her support for Fluke. Like Fluke, Senator Shaheen pointed out the need not to silence the voices of women in the public government debate about women’s health care: “Time and time again, women have been silenced in this discussion, a discussion about our own very personal health care decisions.” Senator Shaheen concluded her remarks with an explanation as to why she believes women should have significant representation in discussions about their health care: “Women deserve a voice in this debate because, after all, in the end this is about our health and it is about a health care decision that is between women, their families, their doctors, and their own faith.”

President Barack Obama called Fluke on March 2 to express his support for her courage to speak out on issues of women’s health. In his first press conference of 2012 on March 6, he discussed his reasons for deciding to call Fluke.

The President cited his personal thoughts about his own two daughters: “And the reason I called Ms. Fluke is because I thought about Malia and Sasha [Obama’s daughters], and one of the things I want them to do as they get older is to engage in issues they care about, even ones I may not agree with them on. I want them to be able to speak their mind in a civil and thoughtful way. And I don’t want them attacked or called horrible names because they’re being good citizens.”

President Obama went on to state that Fluke served as a positive role model for citizen participation in democracy and society: “And I wanted Sandra to know that I thought her parents should be proud of her, and that we want to send a message to all our young people that being part of a democracy involves argument and disagreements and debate, and we want you to be engaged, and there’s a way to do it that doesn’t involve you being demeaned and insulted, particularly when you’re a private citizen.”

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.