Greenspan’s testimony suggests “more of the same”

">
Greenspan’s testimony suggests “more of the same”

Thursday, February 17, 2005

Alan Greenspan, Chairman of the Federal Reserve has suggested that there will be more of the same in coming months from the Fed. In his speech during testimony before the U.S. Senate Banking Committee on Wednesday, Mr. Greenspan noted that the economic fundamentals of the U.S. appeared to be stable. On Thursday, Greenspan spoke before the U.S. House Committee on Financial Services and when faced with questions regarding Social Security reform issues, he hinted that he was in favour of partial privatization of Social Security – but the general consensus on Wall Street is to expect more of the same.

However, economic advisors were somewhat disappointed that most of the testimony in both speechs was focused on the upcoming Social Security reform and did not address monetary policy as broadly as they’d hoped. Mike Moran, chief economist at Daiwa Securities America Inc, is quoted in the Investors Business Daily as saying “Chairman Greenspan provided few explicit insights into his plans for monetary policy.”

Greenspan reiterated his concerns about market reactions to the burgeoning federal deficit. “We are not sure to what extent and how much the market will respond,” he said.

Parsing Greenspan’s reports to Congress is a Wall Street obsession, but the general consensus from his recent testimony is to expect little change in the current Fed policy. Economists expect “measured” hikes to the central bank’s short-term interest rates from the next few meetings of Fed policy-makers.

“In my view the bottom line is that we are in for more of the same,” said Steve Stanley, chief economist at RBS Greenwich Capital to the Associated Press.

Filed under: Uncategorized

Iraq, Syria, Iran form friendly relations

">
Iraq, Syria, Iran form friendly relations

Tuesday, November 21, 2006

24 years ago Iraq and Syria severed diplomatic relations because Syria accused Iraq of giving support to the Muslim Brotherhood who were causing disorder in Syria. Now, as an outcome of meetings between Walid Moallem the Syrian Foreign Minister, the Iraqi President Jalal Talabani and Prime Minister Nuri al-Maliki, relations will be restored.

Both countries are agreed that the borders between them should be sealed more tightly to prevent the flow of fighters, arms and ammunition to Iraq, Syria saying that Iraq should do more to secure the border than it has been doing lately.

The two countries are agreed that US troops are needed in Iraq at present but that they should leave as soon as they are no longer needed. Syria wants a timetable for the progressive withdrawal of US forces.

The steps needed to establish full diplomatic relations and to open embassies in Baghdad and Damascus are set out in an agreement signed today in Baghdad. Zebari proclaimed “We will hoist the Iraqi flag in Syria and the Syrian flag in Iraq”.

Meanwhile, President Talabani has agreed to meet Iran’s President Mahmoud Ahmadinejad in Tehran on Saturday to discuss security matters.

Although the British Prime Minister has been encouraging more positive relations between Iraq and its neighbors, Syria and Iran, the United States has been critical of both of them. Last week, US Secretary of State Condoleezza Rice said she was opposed to including Syria and Iran in talks about security in Iraq. She accused Syria of having aligned itself with “the forces of extremism” and expressed frustration that despite repeated talks with Syria, nothing seems to have influenced their behavior. Regarding Iran, she said she could see nothing in its behavior that suggested it could contribute to stability in the area. She expressed the view that Iraq must take more responsibility for its own security.

Today, the White House welcomed the news of the rapprochement between Syria and Iraq. The spokesman for the US National Security Council saying “We’ve always encouraged Iraq’s neighbors to take a role in supporting and assisting the unity government in Iraq”.

President Bush met the Iraq Study Group, headed by former secretary of state James Baker on Monday. The Democrats in the Group said that, in order to encourage the Iraqi government to face its responsibilities, there should be a phased withdrawal of US troops from Iraq, starting now. The President rejected this suggestion, remarking that this was a military matter and depended upon the situation on the ground.

Recommendations from the bi-partisan study Group are expected to be delivered to the President and Congress sometime in December this year. The group is composed of five Democrats and five Republicans.

Filed under: Uncategorized

Indian Supreme Court verdict: AMU to remain a minority institution

">
Indian Supreme Court verdict: AMU to remain a minority institution

Monday, April 24, 2006

The Supreme Court of India has said that the Aligarh Muslim University (AMU) will remain a minority institution and that its character will not change, but refused to stay, till the pendency of the matter, the Allahabad High Court’s verdict striking down the 50% quota for students belonging to the minority community. Justice K. G. Balakrishnan headed the bench. The next hearing will be on May 10, 2006.

The court referred the matter to the chief justice for allocating it to a larger bench. The Aligarh Muslim University hailed the SC’s interim order on the institution’s minority character as a “major victory” and said the issue of granting 50% reservation to Muslims would be held in abeyance till a final verdict.

Earlier this month, AMU had moved the Supreme Court challenging the Allahabad High Court’s verdict, which had put down the minority status of the institution. The appeal to Supreme Court challenging the High Court verdict that AMU was not a minority institution entitled to protection under Article 30 (1) of the Constitution.

The Allahabad High Court on January 5 had struck down the provision of the Aligarh Muslim University Amendment Act, 1981, by which the status of a minority institution was accorded to AMU. It had also quashed the 50 per cent quotas for Muslim students. By doing so, it had upheld its last year’s judgement, terming as unconstitutional the minority status of the university and 50 per cent reservation for the Muslim students . The division bench referred to the SC judgement in the Ajeez Basha case of 1968, which had already taken the view that AMU was not a minority institution and any enactment of a law by Parliament could not overrule the judgement.

Filed under: Uncategorized

Wikinews Shorts: December 7, 2008

">
Wikinews Shorts: December 7, 2008
Published by
Jun 20

A compilation of brief news reports for Sunday, December 7, 2008.

Contents

  • 1 ‘Progress’ seen in US auto bailout deal
  • 2 Ghana to hold elections
  • 3 Archbishop of York says Mugabe must be overthrown
  • 4 Scandal-ridden Congressman loses delayed election

Officials say that progress is being made in a deal to bail out three United States carmakers. The U.S. government will be holding weekend talks on the plan after two days of Congressional hearings.

Dana Perino, the White House press secretary, stated that discussions with both parties had been “constructive”.

Executives from the three companies – General Motors, Ford, and Chrysler – have pleaded before two Congressional committees, asking for $34 billion in order to stop collapse.

“I’m convinced that by Sunday we will have an agreement that people can understand on this bill,” said Barney Frank, a representative from the state of Massachusetts.

Sources


 This story has updates See Ghanian presidential elections go to run-off 

The people of Ghana, a country often shown of as an example of a good democracy in Africa, will vote for a new president and parliament.

The current president, John Kufuor, will resign after serving the maximum of two terms in office. The elections are expected to be close.

The three main contenders for the presidency are: the Nana Akufo Addo from New Patriotic Party, who was the foreign minister under the current president, John Atta Mills running for the National Democratic Congress, and the Convention People’s Party’s candidate, one Paa Kwesi Nduom.

Sources


The Archbishop of York, Dr John Sentamu, said that Zimbabwe’s president Robert Mugabe must be forced out of office and face trial for his crimes against humanity.

“The time has come for Robert Mugabe to answer for his crimes against humanity, against his countrymen and women and for justice to be done. The winds of change that once brought hope to Zimbabwe and its neighbours have become a hurricane of destruction, with the outbreak of cholera, destitution, starvation and systemic abuse of power by the state,” said Sentamu.

Sentamu that the power-sharing deal that was signed by Mugabe and the Zimbabwean opposition in September was “now dead”.

Dr Sentamu’s statement comes after a severe cholera outbreak spread in Zimbabwe, and saw 12,545 cases reported and 565 people dead.

Sources


Republicans experienced another victory late Saturday, as the Associated Press called the race in Louisiana’s 2nd district at 22:35 CST in favor of Anh “Joseph” Cao, heralding the first Vietnamese-American member of Congress and sending the incumbent scandal-ridden Louisiana Congressman William Jefferson home after nine terms.

Sources


Filed under: Uncategorized

Aloe Vera Juice For Acne

Published by
Jun 18

By Erin Carmody

Aloe Vera has been around for centuries and is obviously nothing new. However what used to be thought as just a cure for sunburn and cuts is now being used for acne. If you read back into history Queen Cleopatra touted the use of aloe vera as her most important beauty secret but for some reason it seemed to get lost in the shuffle of new acne treatments that are much more costly and invasive. Now though aloe vera is shown to make an excellent acne treatment once again.

Many people often use aloe vera for clear skin by the use of skin care products that contain this powerful source. But it doesnt necessarily have to come from the plant or in facial washes. Aloe Vera juice is now just as popular and quite frankly deserves a place in your refrigerator as well. Whole leaf aloe vera juice contains many vitamins and minerals that you need for not only healthy and clear skin, but for a healthy body. Containing calcium chromium, copper, potassium, iron, magnesium, manganese, zinc, sodium, folic acid, niacin, as well as Vitamins A, B1, B2, B6, B12, C and E aloe vera juice is perfect for your acne treatment. This is a long list of vital vitamins and nutrients that are the exact ingredients that you would include in a natural skin product, but yet you can simply just drink it to get everything you need in one 8oz glass.

YouTube Preview Image

Aloe vera juice detoxifies your body by helping with the digestion and elimination of waste as well as the killing of bacteria that brings on the acne and acne breakouts. By getting rid of the harmful toxins you have much clearer skin that will lessen blemishes, general acne as well as other skin problems. Aloe vera juice does this by enhancing the production of fibroblasts which are the tiny cells that are responsible for collagen formation. As we know collagen gives the skin its body which takes away wrinkles and fine lines. It is also a natural anti-flammatory that can work to reduce the inflammation that causes breakouts and acne.

The vitamins and amino acids, which are the proteins that you need for healthy clear skin and a healthy body, that are found in aloe vera work well to renew your skin with healthy cells. It is almost like taking a natural vitamin supplement that is already working to help with your acne, but it just gives you more of what you need. You can use this in conjunction with vitamins or alone to clear your skin up and help reduce the acne that you have. Acne is never fun to have, and the easiest way to clear it up is through the use of natural products such as essential vitamins and minerals.

About the Author: Erin Carmody writes for Acne-Vitamins.com, your source for vitamin B5 skin care products and a free guide to

acne vitamins

. Also drop by the

Clear Skin

Blog! Visit us at: http://www.acne-vitamins.com

Source:

isnare.com

Permanent Link:

isnare.com/?aid=183991&ca=Medicines+and+Remedies

Filed under: Cosmetic And Reconstructive Surgery

Australian National Archives release Loans Affair documents

">
Australian National Archives release Loans Affair documents
Published by
Jun 11

Saturday, January 1, 2005

The National Archives of Australia have, as part of their standarddocument release cycle, released thirty year old documents from theWhitlam government.

The centre piece of the 1974 archives are a series of documents fromthe Australian Cabinet and the Treasury pertaining to the attempt toobtain a $US4 billion loan by the Whitlam government from the MiddleEast. The obtaining of these loans and the scandal generated becamecollectively known as the “Loans Affair,” and contributedsignificantly towards the dismissal of the Whitlam government by SirJohn Kerr the following year.

The documents from Treasury, which include descriptions of both theloan itself and the people involved in arranging them, are scathing.The “Points that might be made” document of December 13, 1974 clearlystates that Treasury believed the distinct possibility that the loansmight be part of “a confidence trick of major proportions”. Minutesfrom another meeting five days later state the “incredulity” on thepart of the Bank of England and the Federal Reserve Bank of New Yorkregarding the viability of the loan.

Those documents now available comprise the beginning of the LoansAffair, from the initial offers to the end of 1974. The remainder ofthe Loans Affair documents, as well as everything else from 1975 willbe released on January 1, 2006.

Filed under: Uncategorized

New fossils from 10 million year old ape found in Ethiopia

">
New fossils from 10 million year old ape found in Ethiopia
Published by
Jun 08

Thursday, August 23, 2007

Researchers say that new, ten million-year-old fossils found in Ethiopia, prove that the theory that humans may have evolved from a species of great apes eight million years ago, may not be true, but that humans may have split from apes as long as 10.5 million years ago.

At least nine fossilized teeth, one canine tooth and eight molars, of a previously unknown species of apes found in Africa were discovered by a team of researchers from Ethiopia and Japan who then compared the 3-D make up of the teeth to other fossils that date back as far as 8 million years and found that the fossils are likely a “direct ancestor” of apes currently living in Africa and that the new ape fossils were that of a species of gorilla who ate mostly plants high in fiber.

Current fossils and research say that the evolutionary split from apes to humans occurred at least eight million years ago. The new fossils say that the split may have happened as long as 10.5 million years ago.

“Based on this fossil, that means the split is much earlier than has been anticipated by the molecular evidence. That means everything has to be put back,” said researcher at the Rift Valley Research Service in Ethiopia and a co-author of the study, Berhane Asfaw.

Despite the finds, other researchers are not convinced that the findings are correct.

“It is stretching the evidence to base a time scale for the evolution of the great apes on this new fossil. These structures appear on at least three independent lineages of apes, including gorillas, and they could relate to a dietary shift rather than indicating a new genetic trait,” said a Professor at the London Natural History Museum in the United Kingdom, Peter Andrews who also added, “but the fossil evidence for the evolution of our closest living relatives, the great apes, is almost non-existent.

Researchers have named the newly discovered species Cororapithecus abyssinicus whose remains were found in the Afar Region of Ethiopia, the same place where the remains of Lucy were discovered in 1974.

Filed under: Uncategorized

Car bomb kills 15 in Pakistani anti-terror unit

">
Car bomb kills 15 in Pakistani anti-terror unit
Published by
Jun 07

Saturday, September 15, 2007

15 elite commandos in the Pakistan anti-terror unit have been killed in a suicide car bomb attack.

The car rammed into the brigade headquarters of the Special Operations Task Force, part of the Pakistan military Special Services Group, set up in conjunction with the United States. It is believed to be the work of Islamic terrorists. The bomb destroyed the mess hall, killing at least 15 and injuring 50 more, six critically. It is thought the dead may include members of the CIA.

The wounded were taken to a local military hospital for treatment, while security forces secured the scene of the blast.

The attack coincided with US Deputy Secretary of State John Negroponte visiting the country. The Special Operations Task Force was heavily involved in last month’s storming of the Red Mosque in Islamabad, and is accused by Islamic extremists with links to Al-Qaeda and the Taliban of brutal conduct in the incident. The unit has also attacked terrorists near the border on which Osama bin Laden is thought to be hiding.

“This signals the transformation of the Islamic militants trying to bring down [Pakistani President Pervez] Musharraf from rag-tag fighters to highly skilled insurgents able to attack at will,” a diplomatic observer said last night. “It is an extremely worrying development from the point of view of Musharraf and those who support him.” Observers have expressed concern at the fact that the bomber was able to successfully attack such a high-profile and heavily guarded target as the headquarters, especially considering the building’s close proximity to the Tarbela Dam generator, considered an important strategic asset.

“This is a high-security zone,” one official said. “Obviously, this was someone who was known and familiar to the soldiers there, and it could be one of the civilians working at the base.”

Earlier this month, an attack aimed at the powerful Inter-Services Intelligence killed 25 people.

Filed under: Uncategorized

2006 Commonwealth Games open in Melbourne

">
2006 Commonwealth Games open in Melbourne
Published by
Jun 05

Wednesday, March 15, 2006

The XVIIIth Commonwealth Games were opened officially by Queen Elizabeth II tonight, in Melbourne, Australia in a two-and-a-half hour spectacular Opening Ceremony held at the Melbourne Cricket Ground. About 80,000 spectators were in attendance, and hundreds of thousands lined the riverbank of the nearby Yarra River, watching as the Queen’s baton made its way to the stadium.

The Queen’s Baton final runner was John Landy, the current Governor of Victoria, and a Bronze medalist in the 1956 Summer Olympics.

The ceremony began with the flags of Australia, England, (previous host) and India, (next host) being raised.

In a change from the traditional format, the teams did not enter in alphabetical order; instead, they entered in order of regions of the Commonwealth, starting with the European nations. Then Africa, Asia, the Americas, the Caribbean and finally Oceania entered the stadium.

Melbourne funk band The Cat Empire provided musical accompaniment as the athletes marched into the arena, playing music specifically written for each continent.

The Queen, dressed in gold and accompanied by the Duke of Edinburgh, received the baton, which has travelled to all 71 competing nations, where she read the message placed within the baton (366 days earlier on Commonwealth Day, March 14, 2005).

The Queen’s said “I am glad to have this opportunity to offer my best wishes to every athlete and official taking part in these friendly Games …. It now gives me the greatest pleasure to declare the 18th Commonwealth Games open.”

The Queen, who is 80 next month (21 April), was taken aback when the audience joined in a tribute of Happy Birthday, ending with eight bars from God Save the Queen, led by New Zealand opera singer Dame Kiri Te Kanawa.

4,500 athletes representing 71 teams from 53 Commonwealth countries will be competing at the games this year. A potential global television audience of 1.5 billion is expected to tune in. The Commonwealth Games will run through to the 26th March.

Filed under: Uncategorized

Court rules Massey can appeal US restrictions in mine disaster investigation

">
Court rules Massey can appeal US restrictions in mine disaster investigation
Published by
Jun 02

Monday, June 13, 2011

In a unanimous decision, a US federal appeals court issued a ruling Friday against the federal government, in favor of Massey Energy Co, owner of the Upper Branch Mine in West Virginia, the location of last year’s mine disaster that killed 29 workers. The court ruled the company may appeal the restrictions placed on it by a government order hindering the company’s ability to conduct its own internal investigation of the disaster.

The order controlling Massey’s investigations into the disaster was placed on Massey immediately after the incident by the Mine Safety and Health Administration (MSHA) when it seized control of the coal mine six hours after the blast on April 5.

MSHA’s controls prohibited Massey from “taking or retaining photographs, collecting and preserving mine dust samples, employing mine mapping technology, and participating in or objecting to any destructive testing of materials gathered underground.” Massey said MSHA’s restrictions prevented the company from evaluating the accident site before it was altered by investigators, and denied Massey the chance to gather evidence to use in the company’s defense.

The story of Upper Big Branch is a cautionary tale of hubris. A company that was a towering presence in the Appalachian coal fields operated its mines in a profoundly reckless manner, and 29 coal miners paid with their lives for the corporate risk taking.

Massey’s appeal to the Federal Mine Safety and Health Review Commission (the commission that decides disputes over mining regulations) to void the order by MSHA was denied by the commission. It based its decision on its interpretation of the Mine Act that it had no authority to consider Massey’s appeal. The United States Court of Appeals for the District of Columbia Circuit set aside this decision, finding the commission’s interpretation of the act was “simply untenable” and the government’s actions had denied Massey the opportunity to gather “potentially important exculpatory evidence”.

The court rejected the commission’s position that the Mine Act’s language was ambiguous, allowing the government flexibility in its implementation. Rather, the court said, “No matter how you parse it, [the act] is a model of near-perfect clarity. Indeed, it is hard to imagine a clearer expression of congressional language.” It also rejected the commission’s position that the case was moot: “This case is not moot. Indeed, even the [Labor] Secretary’s counsel recognized the near-frivolity of this argument, and made only a half-hearted attempt to persuade us.”

This case is not moot. Indeed, even the Secretary’s counsel recognized the near-frivolity of this argument, and made only a half-hearted attempt to persuade us.

The court’s ruling comes after a state government-comissioned report issued on May 19 by investigators found Massey Energy responsible for the deaths of the 29 workers. The workers were killed in an explosion that could have been avoided, the report said, if Massey had put in place standard safety procedures.

“The story of Upper Big Branch is a cautionary tale of hubris. A company that was a towering presence in the Appalachian coal fields operated its mines in a profoundly reckless manner, and 29 coal miners paid with their lives for the corporate risk taking,” the report read. “The company’s ventilation system did not adequately ventilate the mine. As a result, explosive gases were allowed to build up.” The report detailed claims Massey threatened miners with termination if they stopped work in areas that lacked adequate oxygen levels and listed numerous other state and federal safety standards that Massey failed to follow. Also blamed in the report was MSHA for failing to enforce federal regulations.

The report was considered by the those in the mining industry as especially direct and “hard hitting”. It firmly rejected conclusions reached by Massey officials that the incident was caused by an unexpected, massive, and uncontrollable methane bubble eruption, an occurrence that Massey said it could neither predict nor manage.

The company immediately challenged the report and issued its own report on June 3, blaming the blast on an act of nature and denying the company’s safety culture was at fault. MSHA also have an as-yet unreleased report in the works.

Filed under: Uncategorized