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Friday, January 26, 2018

Fire broke out on Friday morning and destroyed the bottom two floors of a six-story hospital in Miryang, South Korea, killing at least 37 people, most of them elderly. More than a hundred injuries were reported, with eighteen people in critical condition. This is the highest death toll from fire in South Korea in almost a decade.

The fire is believed to have started at about 7:30 local time, according to fire chief Choi Man-woo. It originated on the ground floor in the emergency room as per various officials. The hospital has 98 beds and a medical staff of about 35, and specializes in long-term care of elderly patients. It adjoins a nursing home, all of whose 94 residents were evacuated. Staff carried some patients out of the hospital on their backs.

One patient, Jang Yeong-jae, who told his story to JoongAng Ilbo, said he escaped by removing a screen from a window to get to a ladder placed by firefighters. He described people “running around in panic, falling over and screaming as smoke filled the rooms”. The majority of the victims died from smoke inhalation and are believed to be elderly, said the head of the city’s public hospital, Chun Jae-kyung. A doctor, a nurse, and a nursing assistant have died, according to the fire service; it took three hours to put out the fire.

In a press briefing, Seok Gyeong-sik, the director of the hospital, apologized to patients and their families. Son Kyung-chul, its chairman, stated that there were no sprinklers because the facility was small. Sprinklers are being installed in the nursing home, where a new law requires them by June 30.

Last month, 29 people died in a fire in a gym in Jecheon; the owner and the manager were arrested for safety violations. In 2014, a blaze in a nursing home in Jangseong left 21 dead. The President of South Korea, Moon Jae-in, responded to the Friday fire by calling an emergency meeting of his staff, and promised that the cause would be found rapidly “to prevent the recurrence of the fire in the future”.

Thursday, April 14, 2005

Chinese Foreign Ministry spokesman Qin Gang told reporters that China is protesting Japan’s plan to allow drilling for gas and oil in disputed waters in the East China Sea, characterizing the move as “a serious provocation”.

On Wednesday, Japan announced that they would begin processing applications to allow oil and gas drilling firms to explore in the disputed area, east of the “demarcation line” which has held up applications to drill in the area for decades.

“The Chinese and Japanese positions differ on that matter, but we need to continue talks from a big point of view, without inflaming conflicts, and to turn the sea of conflict into a sea of coordination,” Japanese Prime Minister Junichiro Koizumi told a news conference.

Qin Gang said that China reserved “the right to take further reaction,” according to Xinhua.

“China has never ever recognized and will never recognize the demarcation line,” Qin told reporters.

Japan’s exploration of the disputed zone could start early next month, and will be defended by Japanese military vessels, according to the Sydney Morning Herald.

Saturday, July 16, 2016

British Rail minister Claire Perry resigned on Thursday evening, after continuing problems with Southern Rail.

Southern has an ongoing dispute with the Rail, Maritime and Transport union (RMT) about increasing driver-only services, without conductors or guards. The union objected, citing concerns about job losses and driver safety.

London mayor Sadiq Khan said “This utter mess is now an embarrassment to our city” and that he was “calling on the government to strip Southern of its franchise and take over the temporary responsibility of running these services.” Transport secretary Patrick McLoughlin focused instead on the union, saying “Most industrial disputes are about threats to employment or conditions so the RMT’s attitude is absurd. There is no threat to safety, no threat to jobs, no threat to pay and yet they continue disrupting passengers’ lives on a daily basis.”

In an attempt to reduce cancellations and delays, on Monday the company cut 341 trains a day, in light of the current staff shortages. They said since this change the trains’ reliability improved from 60% on-time to 80%.

Saturday, November 10, 2007

The U.S Consumer Product Safety Commission has recalled more products over the last few days, though not all because of excessive lead.

While American toy companies have been rocked in the last few months by numerous unsafe Chinese-made products, mostly due to excessive amounts of lead in paint, a few of the latest recalls were actually due to design flaws.

Also recently recalled are sunglasses and toy cars from the Dollar General chain of price-point retailers.

Sunday, April 24, 2005

New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group.

Archipelago and Instinet are innovative e-trading (electronic trading) companies, and formerly were the two largest American rivals to NYSE and NASDAQ, in recent years taking increasingly large portions of their market share. The Securities and Exchange Commission (SEC) and other regulatory agencies still have to review and approve the transactions, particularly with respect to US securities law and antitrust law, in order to ensure that the marketplace remains lawful and competitive.

Other pending issues for NASDAQ include obtaining the approval of Instinet shareholders, as well as customary closing conditions. NYSE must obtain the approval of its members and Archipelago shareholders.

These changes, a reaction to increased e-trading competition and a changed regulatory environment, will result in NASDAQ and NYSE trading each other’s shares and attempting to grab market share, which many hope will drive down transaction costs and ultimately benefit consumers. However, at least one commentator, Dan Ackman writing in Forbes, has noted that the trading commission at the NYSE currently averages less than a nickel (US$0.05) per share, and was less enthusiastic about potential efficiency gains from electronic trading at the exchange.

The transactions are also intended to make the two leading American stock exchanges more globally competitive with such exchanges as the London Stock Exchange, the Frankfurt Stock Exchange, the Toronto Stock Exchange, and the Australian Stock Exchange located in Sydney.

Tuesday, May 22, 2007

A large explosion, now confirmed to have been a bomb, shook Ankara, Turkey, killing at least 6 people and injuring at least 80. The explosion happened in the middle of a shopping district in the Turkish capital during the rush hour, while many people were out shopping.

At first, the explosion was believed to be an accident, but officials later explained that it may have been caused by a bomb, either triggered by a remote-controlled device or a suicide bomber. There was widespread damage to the area; several buildings had their windows blown out.

“This is the most horrific scene I have ever seen. It gives me great grief,” Mayor Melih Gokcek said.

“We have seen a vicious, ruthless terror attack at Ankara’s busiest time,” Prime Minister Recep Tayyip Erdo?an told reporters. “Is it a suicide bomber or a parcel bomb? Technical teams are working on this.”