‘Fascinating’ and ‘provocative’ research examines genetic elements of bipolar, schizophrenia

November 26th, 2021

Saturday, October 1, 2011

Last week, Nature Genetics carried twin studies into the genetics of bipolar disorder and schizophrenia. This special report examines the month’s research into the illnesses in detail, with Wikinews obtaining comment from experts based in Australia, the United States, and the United Kingdom ahead of the U.S. Mental Illness Awareness Week, which starts tomorrow.

Eleven genetic regions were identified; seven of these were for schizophrenia and five of those were hitherto undiscovered. The parallel studies, conducted separately, examined more than 50,000 people worldwide and identified two genetic loci associated with both diseases.

Little is known about the two illnesses, each of which affects around 1% of people and is treated with strong medication. Bipolar sufferers experience extremes of mood – depression and mania, hence the previous name “manic depression” for the illness. Schizophrenia is associated with hearing voices, chaotic thoughts, and paranoia. There is no known cure.

The latest research examined both the healthy and the afflicted, using computers to scan genomes. Inheritance was thought to be a factor from prior knowledge of the diseases as a familial trait, but the original desire had been to isolate a single faulty gene. Instead it has become apparent that the genetic factors are many; in the case of schizophrenia, at most around 30% of the genetic components are thought to have been identified.

If any single centre tried to undertake such a study, it would require millions of pounds.

The University of Chicago’s Pablo Gejman, a lead researcher on the schizophrenia study, explained to Wikinews in a telephone interview from Buenos Aires, Argentina that “One of the goals of genetic research is to find druggable targets” – to “find treatments at the root of the problem”.

Whilst noting that there is no guarantee the genetic code identified is druggable, Gejman named calcium-activated neurochemical channels in the brain as candidates for new drugs. The channels were linked to schizophrenia in the study.

Gejman explained that a genetic locus called mir137 “suggests an abnormality of gene regulation.” The diseases are so poorly understood that it is uncertain if they are in fact two components of a single spectrum, or even each comprised of multiple illnesses.

The new and “provocative data” gathered showed the significant loci identified were “not part of the pre-existent hypothesis.” Calling this “interesting”, Gejman added that the team found no evidence that dopamine receptors are involved; current drug treatments target dopamine receptors. The findings are “not related to anything we thought we knew [about schizophrenia],” he told our correspondent.

Quizzed about the possibility variations in the genetic factors involved in expressing the diseases explained the variation seen in symptoms, Gejman was uncertain. “We will have the answer, probably, only when we sequence the whole [human] genome.” He notes that the relationship between genotype and phenotype is unclear, and that “We know very little of the genetic architecture of schizophrenia and” other disorders.At the time the results were published, participating scientist Professor Rodney Scott from the University of Newcastle in Australia said “The strength of this research is in the numbers. The findings are robust and give us a lot of statistical power to identify the genetic determinants of schizophrenia.” Scott told Wikinews that “If any single centre tried to undertake such a study, it would require millions of pounds. Since it was a collection of data from across the world the costs were spread. In this era of financial difficulty it will become increasingly difficult to secure funding for this type of project even though the pay-offs will be significant.”

Gejman expressed similar sentiment. “The research budget is not growing, which makes [funding] difficult,” he said, though he felt the cost “is not prohibitive because of the benefits.” “I think that it was money well invested” and “very well spent for the future,” he said, adding that organisations in Europe and the US were aware of the importance of such research.

Gejman also agreed on reliability – the study is “Very reliable because of the sample size; that should provide robust results… [we] have worked with a much larger sample than before.” Scott told us it was “a highly reliable study” that has the potential to lead to new treatments “in the long run”.

Another point was the two genetic loci identified as common to both – how much support do they lend to the notion the diseases are linked? “Until more information is available it is really only suggestive,” says Scott. “Strong enough to say there may be potentially a common pathway that bifurcates to give rise to two diseases.”

The provision of specialist services for bipolar is very limited in the UK and the demand for our services is unprecedented.

“It is an excellent demonstration,” said Gejman “because you have the same chains that are common to both disorders, in fact not just the same chains but also the same alleles.” He stressed uncertainty in how strong the relationship was, however.

Scott said examining how the variation of genetic factors may translate into varied symptoms being expressed “certainly is a good target for future research”; “It is not known how many genetic factors contribute to either of these diseases but it is likely that not all are necessary to trigger disease.” “New questions will always arise from any major study,” he told our reporter. “Certainly, new questions about bipolar and schizophrenia are now able to be formulated on the basis of the results presented in the two reports.”

These weren’t the only studies to look at the two diseases together in September. The British Medical Journal carried research by a team from the University of Oxford and King’s College London that examined mortality rates in England for schizophrenia and bipolar sufferers. They found both groups continued to suffer higher mortality rates than the general population – whilst these included suicides, three quarters of deaths were down to ailments such a s heart conditions. General death rates dropped from 1999 to 2006, but sufferers below 65 saw their death rate remain stable – and the over-65 saw theirs increase.

“By 2006, the excess risk in these groups had risk to twice the rate of the general population, whereas prior to that it had only been 1.6 times the risk, so it increased by almost 40%,” said Dr Uy Hoang of Oxford. The study looked at every discharged inpatient with a diagnosis of either condition in England in the relevant time.

Hoang said at the time of the research’s release that doctors should devote attention to predicting and preventing physical illness associated with mental disorders. His study comes at a time when the UK has launched a “no health without mental health” strategy which does attempt to screen for physical illnesses coinciding with mental illnesses. The government aims to reduce the death rate of those with mental disorders.

Rodney Scott described this research result to Wikinews as “Possibly” connected to genetic association with other hereditary ailments, such as cardiovascular disease; he told us another possibility is that “The continued raised mortality rates may be associated with the diseases themselves.”

“We believe the NHS [National Health Service] and Department of Health need to do more to support research and service development for people with bipolar disorder,” Wikinews was told by Suzanne Hudson, Chief Executive of London-based British charity MDF The Bipolar Organisation. “The provision of specialist services for bipolar is very limited in the UK and the demand for our services is unprecedented.”

“A genetic test for bipolar would be a useful tool but the science and ethics are very complex,” Hudson told us, referring to the Nature Genetics genetic study. “Just because someone has ‘bipolar genes’ does not mean they might go on to develop it. Family studies of bipolar show that this is a likely outcome of genetics research in this area. Even if it were possible to accurately predict bipolar in this way, questions about how you treat that person are difficult. For example do you start medication that is not necessary at that point in time?”

“Current treatment is not satisfactory” because it does not always work and has “side effects,” Gejman told us. Robert Whitaker, a US medical journalist and book author, told an audience in New Zealand at the end of August that evidence suggests antidepressant drugs may make children and teenagers worse – “You see many become worse and end up with a more severe diagnosis, like bipolar illness,” and the suicide risk may increase.

Whitaker blames commercial interests. “The adult market appeared saturated, and so they began eying children and teenagers. Prior to this, few children and youth were seen as suffering from major depression, and so few were prescribed anti-depressants.”

One possible alternative, raised by a connection between depressive illness and inflammation, is aspirin and similar compounds. “The link between inflammation and mood disorders has been known for sometime and the use of aspirin and other drugs in depression is now becoming more common in the literature,” Hudson says. “Any new treatments for bipolar, which is a very complex and co-morbid illness, has to be a good thing.”

Professor Dr. Michael Berk, chairman of psychiatry at Australia’s Deakin University, recently gave a talk to just this effect. Speaking at this year’s Congress of the European College of Neuropsychopharmacology, held this past month, he also highlighted statins as a treatment. Recognising the link to physical ailments, he told an interviewer “The brain does not exist in isolation, and we need to understand that pathways similar to those that underpin risks for cardiovascular disorders, stroke, and osteoporosis might also underpin the risk for psychiatric disorders, and that other treatments might be helpful.”

Berk also touched upon speed of diagnosis and treatment; “Early interventions can potentially improve the outcome” of bipolar sufferers, he told his audience. MDF The Bipolar Organisation claim an average of ten years is possible before a person is diagnosed. “This clearly is an issue, if we believe that earlier diagnosis and treatment facilitate better outcomes,” Berk told Wikinews. Though he questions the effectiveness of currently-used drugs on advanced bipolar cases, he does not go so far as to say drugs are actively harmful. He told us “it appears that our best treatments work best earlier in the illness course; and that seems to apply to psychotherapy and pharmacotherapy.”

Berk has already performed research using statins which suggests they can form a treatment. He now seeks funding for research involving aspirin. On funding, he tells Wikinews “psychiatric disorders comprise between 16% and 22% of the burden of disability (depending on who measures it), attracts[sic] just over 6% of the clinical budget at least in Australia and 3% of the research budget. Research as a discretionary spending item is at great risk.”

Berk’s research, in the past, has been funded by companies including GlaxoSmithKline. Hudson told Wikinews this did not concern her charity; in fact, they welcomed it. “We believe it is important pharmaceutical companies continue to invest in the development of new medications for bipolar. This is how it works in all other health specialities and mental health should be no different.”

“There is a need for greater education for mental health professionals and GPs [general practitioners] about bipolar [in the UK],” she told us. “As the national bipolar charity we receive many, many calls and requests from GPs and other health professionals for our leaflets and information sheets which is fantastic. We very much welcome opportunities to work together for the benefit of individuals affected by bipolar.”

Wikinews contacted the UK’s National Institute for Clinical Excellence (NICE) to discuss issues raised in this article, including future treatments, genetic screening, and mortality rates. NICE did not respond.

Might statins and/or aspirin improve treatment – might they be cheaper, perhaps, or safer? “This is an area of research promise,” says Berk, “however it is too early to make any clinical treatment claims; [all] we can say is that this needs to be studied in properly designed trials capable of giving a more definitive answer.” And what of possible explanations for the increased mortality rate observed in England? Should researchers look at whether bipolar influences more than just the brain, or if it is linked to other genetic conditions?

“For sure,” he told us. “There is new evidence that similar pathways contribute to the risk for both medical and psychiatric illness, both in terms of lifestyle factors, and biomarkers of risk.”

MDF The Bipolar Organisation provide support to those with bipolar and their friends and family: 020 7931 6480
Retrieved from “https://en.wikinews.org/w/index.php?title=%27Fascinating%27_and_%27provocative%27_research_examines_genetic_elements_of_bipolar,_schizophrenia&oldid=4627112”

Bank of England governor warns housing market is biggest threat to UK economy

November 26th, 2021

Sunday, May 18, 2014

The governor of the Bank of England, Mark Carney, has warned that the state of the housing market in the United Kingdom is the current biggest domestic threat to the country’s economy, due to lack of house building, and regulatory issues.

In an interview to be aired on Sky News today, he said the housing market is the “biggest risk” to the economy and has “deep, deep structural problems”. Of house building he said: “There are not sufficient houses built in the UK. To go back to Canada, there are half as many people in Canada as in the UK, twice as many houses are built every year in Canada as in the UK and we can’t influence that.”

“We’re not going to build a single house at the Bank of England. We can’t influence that. What we can influence […] is whether the banks are strong enough. Do they have enough capital against risk in the housing market?”

Carney also said the Bank of England would look into the procedures used to issue loans and mortgages to see if they were being granted appropriately: “We’d be concerned if there was a rapid increase in high loan-to-value mortgages across the banks. We’ve seen that creeping up and it’s something we’re watching closely.”

Kris Hopkins responded to Carney on behalf of the government, saying the government “inherited a broken housing market, but our efforts to fix it are working”. “We’ve scrapped the failed top-down planning system, built over 170,000 affordable homes and released more surplus brownfield sites for new housing. We’ve also helped homebuyers get on the housing ladder, because if people can buy homes builders will build them. Housebuilding is now at its highest level since 2007 and climbing. Last year councils gave permission for almost 200,000 new homes under the locally-led planning system and more than 1,000 communities have swiftly taken up neighbourhood planning. It’s clear evidence the government’s long-term economic plan is working.”

Earlier this month, the Organisation for Economic Co-operation and Development called on the UK government to “tighten” access to the ‘Help to Buy’ scheme introduced by George Osborne and the coalition government in 2013. ‘Help to Buy’ has also recently been criticised by three former Chancellors of the Exchequer — the Conservatives Norman Lamont and Nigel Lawson, and former Labour Chancellor Alistair Darling. Darling said: “Unless supply can be increased substantially, we will exacerbate that situation with schemes like Help to Buy.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Bank_of_England_governor_warns_housing_market_is_biggest_threat_to_UK_economy&oldid=4228589”

Buying And Selling With Range Bars Simple Forex Scalping System

November 25th, 2021

Buying and selling With Range Bars – Simple Forex Scalping System

by

William Schaftnerz

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Buying and selling With Range Bars – Simple Forex Scalping System

Latest trial of the One Laptop Per Child running in India; Uruguay orders 100,000 machines

November 24th, 2021

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.

Retrieved from “https://en.wikinews.org/w/index.php?title=Latest_trial_of_the_One_Laptop_Per_Child_running_in_India;_Uruguay_orders_100,000_machines&oldid=2526562”

Health Insurance Guide

November 23rd, 2021

Health has always been uncertain. We can try our best to keep fit, but after a certain age the expenses on health do increase. Its better to keep ourselves insured under a Medical Plan to make sure that our medical expenses are taken care of.If we talk about Individual Health Insurance Plans in US, they are designed to help an individual and their families access care and cover the medical cost of receiving medical services from any physician, hospital or other provider.There are different types of Medical Plans: Indemnity Health Maintenance Organization Preferred Provider Organization Point of Service Plan Exclusive Provider Organization Consumer-DrivenHealth Insurance Portability and Accountability Act (HIPAA) Privacy Protected Health Information.Under HIPAA Privacy, unauthorized individuals cannot ask or inquire about any clinical or personal health information when counseling participants about their Medical Plans.Indemnity Plans These plans are sometimes called Free-for-Service Plans, where: An individual pays the medical care provider directly for services Files claim to be reimbursed by the PlanAn Individual can seek care from any doctor or hospital and receive benefits.Hospital precertification is required for some services in order to receive the highest level of benefits.This plan: Pays reasonable and customary deductible coinsurance amounts, up to an out-of-pocket maximum Rely on Utilization Management to control costsHealth Maintenance Organization (HMO) An HMO provides prepaid benefits for most health care needs with no bills or claim forms. It provides services through a selected group of doctors, hospitals and other providers who are under contract to the HMO. To choose an HMO option, an individual must live or work in an area supported by the HMO network as defined by their home ZIP Codes. An individual choose a Primary Care Physician (PCP) from a list of physicians They pay copayment (instead of deductibles) each time they visit a provider Services rendered by the PCP or from a provider referred by PCP is reimbursed HMOs provide preventive care and rely on Utilization Management to control costsPreferred Provider Organization (PPO) A PPO is a network of contracted participating physicians and hospitals that agree to render their services at discounted rates.PPOs maintain networks of participating doctors and hospitals; however, individuals are not required to choose a PCP to coordinate their care. They have the choice of using in-network and out-of-network providers, using in-network providers offers higher benefits though.Point of Service Plan (POS) POS Plans have networks of participating doctors and hospitals that provide medical care at negotiable rate. Individuals living in a POS service area, according to their home ZIP Codes, are eligible to join the plan and must choose an in-network PCP or facility from the list of providers Using in-network providers offer the highest level of benefitsExclusive Provider Organization (EPO) EPO Plan resembles to HMO. Benefits are provided within a specific contracted network of physicians and hospitals with no out-of-network benefits available. Individual chooses a PCP from the list of physicians Individual are required to pay a predetermined copayment (instead of a deductible) each time they visit a provider. Services rendered by PCP or by a provider referred by the PCP will be reimbursed EPOs provide preventive care and rely on Utilization Management to control costs

David S. Touretzky discusses Scientology, Anonymous and Tom Cruise

November 23rd, 2021

Wednesday, February 6, 2008

David S. Touretzky, prominent free speech activist and critic of Scientology, discussed his opinions on the recent Internet backlash against the Church of Scientology in an interview with former Scientologist and Wikinews reporter Nicholas Turnbull. The recent conflict on the Internet between critics of Scientology and the Church has been spurred on in declarations by a nebulous Internet entity using the name Anonymous that the Church of Scientology “will be destroyed”. Anonymous has directed recent protests at Scientology centres across the world, which have attracted significant numbers of individuals supporting the cause. In recent e-mail correspondence with Wikinews, a representative of the Church of Scientology declared that the Church considers the activities of Anonymous to be illegal, and that Anonymous “will be handled and stopped”.

Touretzky, a research professor in artificial intelligence and computational neuroscience at Carnegie Mellon University, has been a prominent critic of the Church of Scientology since mid-1995, and has been protesting against Scientology vociferously since then; he has also run websites that publish material that Scientology wishes to keep suppressed from the public eye, such as extracts from Scientology’s formerly-confidential Operating Thetan (OT) materials. Touretzky views the actions of the Church of Scientology as being “a threat to free speech”, and has endured harassment by the Church of Scientology for his activities.

The Church of Scientology continues to suffer damage to its public reputation through increased exposure on the Internet and vocal protests by Scientology critics such as Prof. Touretzky. A recent event that focused intense attention on Scientology’s totalitarian attitude was the leak of an internal Church of Scientology propaganda video to the Internet video sharing site YouTube, in which celebrity Scientologist Tom Cruise spoke heavily in Scientology’s jargon and stated that that “we [Scientology] are the authorities” on resolving the difficulties of humanity. The declaration of war by Anonymous followed shortly after this leak, in the form of a video posted to the Internet.

The ongoing dispute, cast by some as Scientology versus the Internet, brought Scientology terms such as “SP” (Suppressive Person, an enemy of Scientology) and “KSW” (Keeping Scientology Working) into general usage by non-Scientologists from the late 1990s onwards; increased attention has been drawn to Scientology by the release of the Cruise video in addition to media coverage. This focus has caused an even greater propagation of these terms across the outside world, as Touretzky comments in the interview.

Wikinews asked Prof. Touretzky about the impact that the activities of Anonymous will have on Scientology, the public relations effect of the Tom Cruise video, the recent departure of individuals from the Church of Scientology’s executive management, the strategies that Anonymous will employ and Touretzky’s experiences of picketing the Church.

Retrieved from “https://en.wikinews.org/w/index.php?title=David_S._Touretzky_discusses_Scientology,_Anonymous_and_Tom_Cruise&oldid=4608356”

How And Where To Sell Car Online?

November 22nd, 2021

By Terrence Bown

Sell car online is a newly introduced mode for some of the individuals, well this method has been there since many years. In today’s world everyone is aware of the internet and almost every individual uses internet in daily life. Some of them use it for work, study, socialize, communicate and for trading like selling and buying. Well online websites can guide you in several ways of selling car. No matter if you have a used car or damaged one, you can now think of selling it through online ways.

Online routes enable you to conduct your task easily, quickly, simply and effortlessly. Thus many of the people prefer to trade-off the car using internet. If you are among one of them who want to sell car online, then you have stepped up to the right page. Going through this piece of information would enable you to sell car online easily.

[youtube]http://www.youtube.com/watch?v=q3K9hKlU7j4[/youtube]

All you need to do is to conduct thorough web search and find websites of companies who are willing to buy used cars. There are plenty of salvage yards and second-hand buying centers which can buy your car whether it is in running condition or not. Now you must be thinking of that why one will buy your damaged and unused car? Well some of the people buy non running cars for selling its parts or for using parts in making another vehicle. Moreover, some of the people buy the car for repairing it and reselling it.

If you really want to sell car online, you need to undertake few steps.

The initial one is to gain information about the current market trends and rates. You should be well aware of that which car is in demand these days. There on, you need to assess the condition of your car. If you want to sell car online, you need to check the interior and exterior of the car in detail and give a thorough look to the vehicle before going to describe it on the official website. After checking the condition of the car, you need to verify that all the documents of the vehicle are original and must be available. The title of the car needs to be transferred, so you need to be present with all important papers.

Sell car online process requires you to post the advertisement of the vehicle on online websites. You can have auction websites and many other workshop sites which can help you sell the car. In posting the advertisement, you need to describe the features of the car, like the bad points and positives of the vehicle. You must state its mileage, number of years used and whether used by one hand or not. You should write down if any of the parts of the car have been removed or you will remove on sale. All these short details can help the buyer in decision making.

Sell car online can also be conducted by posting advertisements on social websites, as you know every individual holds an account on such websites, so it would be rather more easy to sell the car through this route. Social networking websites have gained popularity and advertisement posting is famous there. Your advertisement should be worthy enough that one can come to view and read it. It should be interesting for the buyer so that he / she can actually come to see the vehicle. You must write your contacting details on the advertisement and if anyone comes for viewing the car, you should allow for a test drive. The buyer will ask you some questions, so you must answer them wisely. If you follow few of these steps, it would assist you to sell car online.

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Sell Car Online There are a few points and tips that one has to keep in mind when going to car junkyard. People sell car for cash normally when it gives the problems like losing the value in the market and cannot be repaired. Click here for Sell car for cash

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Wikinews previews the 2009 Queensland state election

November 21st, 2021
 Correction — November 19, 2009 In the final line of this article, it is stated that The West Australian is a News Limited paper. It is actually independent – the News Limited paper in Perth is the Sunday Times

Tuesday, March 17, 2009

With an election coming up this Saturday in the Australian state of Queensland, Wikinews reporter Patrick Gillett previews the contesting parties.

The current distribution of seats has the Australian Labor Party with 58 of the 86 total, the Liberal National Party with 25, the Queensland Greens & One Nation with one each and independents holding four.

The Australian Labor Party (ALP) is currently in government and have been since 1998. Current premier and leader of the ALP Anna Bligh will be, if Labor wins, the first female to elected premier in Australian history. Ms Bligh became the third female premier in Australian history when Peter Beattie resigned in 2007.

The premier has received criticism from other parties for backflipping on its commitment to run a full term. “After 11 years in office, Ms Bligh only cares about one job: her own,” said Lawrence Springborg head of the Liberal National Party (LNP) and the Leader of the Opposition.

The Liberal National Party is currently in opposition. It is seen as a prototype for a national merger between the Liberal and National parties. The Opposition need to pick up at least twenty seats from the government to overcome the significant Labor majority and a number of independents.

The Queensland Greens are the states largest minor party. The Greens unveiled its policy to open two solar power stations on the weekend of January 31/February 1.

“We can tackle climate change and create long-term jobs, but Labor can’t see that because they are blinded by the interests of their big donors – the urban development and coal industries,” said Mt Coo-tha candidate Larrisa Waters.

The Greens main policies have been stated “Green collar jobs”, “managing where the money is going”, education and transport.

“The Greens want to give the community and the environment a voice back in State Parliament,” says Ms Waters.

The Socialist Alliance will run two candidates as independents because of what they call “restrictive rules for registration.”

Wikinews conducted an interview with the Socialist Alliance on March 2rd in which they said, “That choosing between “tweedledee” and “tweedledum” once every few years is not real democracy, and with the planet in peril, facing an economic meltdown, and all manner of social problems, we can’t afford to leave sociaety [sic] in the hands of the pro-corporate parties.”

The Daylight Saving for South East Queensland (DS4EQ) party was set up in late 2008. DS4SEQ leader Jason Furze gave an interview to Wikinews in January. “DS4SEQ would like to gain a sizeable percentage of the primary vote and win a number of seats,” Mr furze said. Courier Mail writer Dennis Atkins wrote in today’s Courier Mail that DS4SEQ “will poll better than anyone expected – polling close to double figures in some seats around Brisbane and on the coasts.”

News Limited newspapers The West Australian and the Courier Mail reported that swing voters would decide the election.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_previews_the_2009_Queensland_state_election&oldid=2714791”

‘Freedom Tower’ renamed ‘1 World Trade Center’

November 20th, 2021

Saturday, March 28, 2009

The 108-floor central component of the new World Trade Center in New York City has been officially renamed 1 World Trade Center, ending the Freedom Tower moniker it had sported since 2003.

Freedom Tower was envisioned as a symbol of America’s victory over terrorism. It is currently on track for completion in 2013, with 10 floors partially finished so far.

Port Authority Chairman Anthony Coscia commented on the change, “It’s the one that is easiest for people to identify with — and frankly, we’ve gotten a very interested and warm reception to it.”

Former Governor George Pataki, who revealed the Freedom Tower name nearly six years ago, was critical of the switch, saying “The Freedom Tower is not simply another piece of real estate and not just a name for marketing purposes.”

1 World Trade Center has been the building’s legal name and address for the past two years, with the public change precipitated by the ramp up of construction and the commencement of lease marketing.

Mayor Michael Bloomberg seemed ambivalent to the change, saying “I would like to see it stay the Freedom Tower, but it’s their building, and they don’t need me dumping on it. If they could rent the whole thing by changing the name, I guess they’re going to do that, and they probably, from a responsible point of view, should. From a patriotic point of view, is it going to make any difference?”

The change was approved following the signing of a two-decades-long lease by a Chinese real estate company, which plans to occupy floors 64 through 69. Other future tenants include the U.S. General Services Administration and the New York State Office of General Services.

Retrieved from “https://en.wikinews.org/w/index.php?title=%27Freedom_Tower%27_renamed_%271_World_Trade_Center%27&oldid=4556130”

Stock markets worldwide rise on hopes of US economic recovery

November 19th, 2021

Friday, August 21, 2009

Stock indexes worldwide rose on Friday, after US bank chief Ben Bernanke said that the US economy was starting to recover from the recession.

Addressing a conference in Wyoming, the bank chief said that “the prospects for a return to growth in the near term appear good.”

He added, however, that “the economic recovery is likely to be relatively slow at first, with unemployment declining only gradually from high levels.”

The Dow Jones Industrial Average gained 155.91 points, or 1.67%, to end the day at 9505.96. The Nasdaq reached 2020.90 points after gaining 1.59%. The Standard & Poor’s 500 Index, meanwhile, struck a ten-month high, reaching a level of 1,026.13 at the closing bell, up 1.9%.

The British FTSE index rose about two percent, closing at 4,851. The French Cac index gained 3.1% and the German Dax 2.8%.

“Bernanke was a little bit more bullish than most people were expecting. He’s saying that the global economy is starting to emerge from the recession and that the fears of a financial collapse have receded substantially,” said Jacob Oubina, the currency strategist of Forex.com.

“I think the market is just taking those headlines as extreme positives for the outlook.”

Jean-Claude Trichet, the European Central Bank president, warned that talk of a complete recovery might be premature. “I am a little bit uneasy when I see that, because we have some green shoots here and there, we are already saying, ‘well, after all, we are close to back to normal,’ ” he said.

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