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Yemen: 17 dead in fighting between al Qaeda members

Published February 16th, 2012 – 12:49 GMT

At least 17 people Thursday were killed in clashes between members of al-Qaeda following the death of a local leader of Al Qaeda by his half-brother in the province of Bayda, southeast of Sanaa, reported tribal sources. According to tribal leaders, clashes erupted after Tarek al-Dahab was shot dead in late Wednesday night by his half-brother, Hizam in the city of Al-Manasah.

His brother and their nephew Ahmad Majed are among the 17 people killed, according to the sources. They died in a bombing attack on their house by supporters of Tarek, said a source.

According to another tribal source, Hizam al-Dahab has acted, in the killing of his half-brother, “at the instigation of the Yemeni authorities.”.

Tarek al-Dahab was the brother in law of the Yemeni-American cleric Anwar al-Awlaki, who was assassinated in September by a U.S. raid.

His men had taken control of Radah, some 130 km from Sana’a on January 16. However, later they withdrew under pressure from the tribes of the city and in exchange they gained the release of five of their prisoners.

According to an official in the region, the followers of Tarek al-Dahab are members of the “Partisans of Sharia”, which operates under the name of Al-Qaeda in southern and eastern Yemen.

In May, the “Supporters of Sharia” took control pf Zinjibar, the capital of the southern province of Abyan, then extended their control to other communities across the province and the neighboring Shabwa.

Eight soldiers were wounded at dawn Thursday in clashes with Islamist insurgents in the northern suburbs of Zinjibar, AFP reported. 

© 2011 Al Bawaba (www.albawaba.com)

December 17, 2010 – Green Power Planet Newsletter

Published by: United States Environmental Protection Agence (EPA) (yosemite.epa.gov)

Bessemer goes on defense, on pace for best year


NEW YORK |
Wed Oct 5, 2011 5:42pm EDT

NEW YORK (Reuters) – Portfolio managers at Bessemer Trust, financial adviser to ultra-wealthy U.S. families, took an extremely defensive posture a few weeks ago amid some of the most volatile financial markets in more than 80 years.

A sluggish U.S. recovery, an expanding debt crisis in Europe and political deadlock are just some of the factors contributing to wild ups and downs in stock prices. As markets convulse with growing frequency, often for no apparent reason, many small investors are heading to the sidelines.

Now, apparently, families with tens of millions of dollars at their disposal are also fleeing the market.

“Right now, 50 percent of our balanced growth portfolio is in cash, bonds and foreign currency,” Bessemer Chief Executive John Hilton said at the Reuters Global Wealth Management Summit on Wednesday. “Historically, we’d hold only 20 to 25 percent (of cash and bonds) in the portfolio.”

That change took place about two weeks ago, he said. August was the seventh-most volatile month in the past 1,000 months, he added, a period spanning more than 83 years.

“I think it’s very hard to make any sense of it,” he said. “There’s just a general lack of leadership and a lack of confidence,” not just in the United States but globally.

Hilton stressed Bessemer clients have not abandoned stocks completely, but the firm’s in-house investment portfolios are more defensive than usual — focused on capping losses as opposed to seeking the highest possible gains.

“Our clients are tremendously afraid of losing their wealth,” Hilton said. “We’re more comfortable taking a more defensive position, which will hurt us if markets go straight up, but we don’t think they will go straight up any time soon.”

Bessemer was formed in 1907 to manage the fortune of Andrew Carnegie business partner Henry Phipps. The firm opened its doors to other millionaire families in 1975, and since then assets soared from $1 billion to about $65 billion.

The firm’s roughly 2,000 clients have on average $30 million of assets apiece. Bessemer and its 750 employees rank 13th in assets managed for U.S. multimillionaires, according to Barron’s, on par with some global banks.

Business has soared in recent years as wealthy families left big banks humbled by the 2008 financial crisis.

Last year, Bessemer added 119 new clients with $3.2 billion in new assets as well as $1.7 billion of money from existing customers. Overall, assets grew nearly 10 percent. Two years ago, Bessemer attracted 170 clients and a record $3.5 billion in new assets.

Hilton declined to discuss rivals by name, but he said recent turmoil and controversy among big banks is driving business to small, private firms. Bessemer expects the number of clients to grow by 10 to 15 percent this year.

The scale of the business is much smaller, to be sure. Hilton seeks to add eight to 10 senior advisers this year to help serve 140 to 150 new clients. He declined to identify from which firms his firm was recruiting, saying only Bessemer is adding people from all corners of the industry.

“New clients are coming in at a slightly better pace than last year,” Hilton said. “You don’t read about us in the newspaper, we are very quiet, we have an unblemished reputation.”

(Reporting by Joseph A. Giannone, editing by Matthew Lewis)

© 2011 REUTERS (www.reuters.com)

Dying to Go to Acapulco? Not Me

I was making summer-vacation plans when I spotted a fascinating news item on Bing’s community travel blog. Despite what you may have heard in the news, despite some pretty scary stuff in the latest U.S. State Department advisory, the post said that American citizens need not automatically rule out Mexico as a vacation destination. Beamed the blogger: “The good news is: Many of the most popular destinations for tourists from America are as safe as ever to visit—welcome news for people planning a spring-break vacation south of the border this year.”

This was not the first time I’d read this kind of stuff. Sure, there’s a drug war there. Sure, there are murders in the street. Sure, there are still a number of places in Mexico where it’s unsafe to travel, even in the daytime. But that doesn’t mean Mexico should be avoided entirely. The important thing is: Don’t let a few bad apples turn you against the whole barrel.

Details? Well, the State Department does urge Americans to avoid nonessential travel to Ciudad Juárez, where more than 3,100 people got killed in 2010. (On a positive note, the number did plummet to a paltry 1,933 in 2011.) Government officials also advise steering clear (if possible) of Coahuila, Durango, San Luis Potosí and most of Sinaloa, and to confine excursions in Mazatlán to well-traveled tourist areas like the Zona Dorada. Elsewhere, travelers to the cities of Acapulco, Ixtapa and Zihuatanejo are advised to exercise caution, stick to the principal tourist areas and avoid driving after sundown on some main highways. But other than that, the cheerleaders proclaim, Mexico seems to be A-OK.

Excuse me, but is Puerto Rico closed? Has Florida shut down for the summer? Have the Bahamas boarded their doors for seasonal repairs? Is Europe not accepting visitors this year? Is there some reason people have to vacation in Mexico? Wouldn’t it make more sense to go someplace where there aren’t drug gangs, homicides and abductions? Or have those other places simply priced themselves out of the market?

The thing is, when my wife and I plan summer vacations, we always err on the side of caution, running through a checklist of pertinent questions before we pick a destination:

1) Are we likely to be murdered during our visit to the country in question? 2) If we are going to be murdered, which one of us is more likely to go first? 3) If we are abducted, will the kidnappers demand a reasonable sum or some outrageous amount that we couldn’t possibly come up with? (We’re on a tight budget, and our kids are still in school.) 4) Do kidnappers in the country we’re thinking of visiting take credit cards or personal checks?

First query in vacation planning: Are we likely to be murdered while visiting the country in question?

Also, 5) Should we bring our own guns, or can we rent them there? 6) Do you need a special license to operate an armored personnel carrier while visiting the country? 7) If we get murdered during our vacation, will our deaths be quick and clean, or protracted and painful? Let’s not make a bad situation worse.

OK, call me a fussbudget, an old stick-in-the-mud, but when I go on vacation I like to visit countries where the exchange rate is good, the food is reasonably priced and my chances of being brutally murdered are fairly minimal. France and England fit the bill nicely, not only because of the low homicide rates but because of all the cathedrals and museums. I also enjoy the Netherlands and Australia, where machete massacres are a rarity.

But not everybody can afford to go abroad. So, if money is an issue, Canada is another viable option. It’s close at hand, the people are incredibly friendly, and it’s been years since 3,100 people got killed in a single year in any of its major cities. Sure, Calgary can get a little rough after sundown, but nothing like Ciudad Juárez.

In setting forth these thoughts, I am not trying to single out Mexico for criticism. Darfur, Syria and Iran all seem like even worse tourist destinations these days. And when the Los Angeles Philharmonic set off on a trip to Venezuela recently, the musicians were told to travel in groups of four, avoid hailing taxis and never leave the hotel on foot. I ask you, would it have killed the Philharmonic to go on a trip to someplace nice and safe like Sweden? From what I can tell, they’d have been better off in Mexico City.

At least until sundown.

© 2011 Wall Street Journal (www.wsj.com)

Delay call over NHS 111 phoneline

Doctors' leaders say they have "serious concerns" about the rollout of the NHS 111 phoneline in England.

NHS 111 is currently operating in Luton, County Durham and Darlington, Lincolnshire, Nottingham City, the Isle of Wight and parts of Derbyshire and Lancashire.

The BMA says it supports the principle behind NHS 111, but that doctors in areas where the phoneline is being piloted had faced "a number of serious problems and concerns".

It also warns that areas where the service has not been piloted are setting up NHS 111 apparently without reference to lessons from pilot areas, and that the new clinical commissioning groups who will be responsible for local care are not being included in decisions about the new service.

Dr Laurence Buckman, chairman of the BMA's GPs committee, said: "In Shropshire, GPs are worried that patients will actually receive lower quality care as the clinicians who triage all calls to their out-of-hours provider are to be replaced by non-clinicians when NHS 111 takes over."

He said a more flexible deadline would give time for local doctors to work out a way to work alongside NHS 111.

Dr Buckman added: "The results of the pilots are due to be published imminently and we are worried that the strict deadline in place at the moment means lessons from these won't be learned and mistakes will just be repeated.

"If there isn't a pause then the government could end up implementing something which doesn't work to the benefit of all patients, which could unnecessarily overburden the ambulance service and GP surgeries, reduce the quality of existing out-of-hours services and ultimately cost the taxpayer a lot of money."

In his letter to Health Secretary Andrew Lansley, Dr Buckman said he wanted to express "serious misgivings" about the rolling out of the new NHS 111 service.

He also raised concerns about how the phoneline would fit in with existing services and provide value for money.

Nick Chapman, chief executive of NHS Direct, which is leading work in four of the seven 111 pilot sites, said the new service did have potential.

But he added: "The preliminary results are showing us that the service refers more patients for face-to-face care than existing services.

"As a result of this, changes will probably be needed.

"This may include greater use of clinicians (nurses and doctors) to complete more in-depth clinical assessments on the telephone in order to avoid unnecessary referrals to GP surgeries, A&E and ambulance call outs."

Health union Unison, ambulance services and nurses have also echoed the BMA's concerns about the plans.

Tom Sandford, director of the Royal College of Nursing in England, said: "Jumping the gun and introducing the service too early could create a fragmented, ineffective service where patients may not receive the level of care they want and need from a telephone triage service.

"This in turn could lead to increased numbers of anxious patients visiting GP surgeries and A&E departments, adding further pressure to the already over-stretched teams."

Public Health minister Anne Milton said: "The BMA supports the principles of the NHS 111 service – it will benefit patients by improving access to NHS services and ensuring they get the right care at the right time.

"We will consider the BMA's concerns. We agree that any long-term decision should be made with full approval from local commissioning groups. They should be fully engaged with the approach to delivering NHS 111."

© 2011 BBC News (www.bbc.co.uk)

Administrator Jackson, Secretary Vilsack Sign Historic Agreement With State of Minnesota to Help Farmers Protect Rivers, Streams and Lakes

Release Date: 01/17/2012Contact Information:
Andra Belknap
202-570-6028
Belknap.Andra@epa.gov

ST. PAUL, Minn. (Jan, 17, 2012) – U.S. EPA Administrator Lisa P. Jackson and Agriculture Secretary Tom Vilsack today announced that EPA and USDA have signed a Memorandum of Understanding (MOU) with the state of Minnesota to develop a new state program for farmers designed to increase the voluntary adoption of conservation practices that protect local rivers, streams and other waters by reducing fertilizer run-off and soil erosion. Through this partnership, producers who undertake a substantial level of conservation activities to reduce nutrient run-off and erosion will receive assurance from the state that their farms will meet Minnesota’s water quality standards and goals during the life of the agreement.

"Clean, healthy waters are essential to the health of our people and to our nation’s farmers”, said EPA Administrator Lisa P. Jackson. “I believe that local conservation efforts, like those supported through this MOU, are among the most effective means for improving water quality in our nation."

“Establishment of this program will protect our water resources by providing assurances and incentives to participating farmers that their good deeds – their strong commitment to conservation – will be recognized,” Vilsack said.

USDA and EPA will offer support to Minnesota in developing its certainty process for water quality improvements on private agricultural lands and eligible tribal lands in high priority watersheds. While this idea is new to protection of water quality, “certainty agreements” have been successful for encouraging private landowners to conserve wildlife habitat. For example, USDA already has helped 11 Western states establish a certainty process to protect the sage-grouse, a candidate species for the Endangered Species List. The sage-grouse effort has been successfully, resulting in an increase in the bird’s habitat on ranch land in the west. Eventually, USDA and its partners hope to duplicate this success in addressing water quality on agricultural lands across the nation.

Jackson, Vilsack and Minnesota Governor Mark Dayton signed the MOU during a ceremony in the Minnesota Capitol.

“Water and food are two of society’s essential resources,” Governor Mark Dayton said. “Today, we are taking a bold step for a program, which keeps agriculture a cornerstone of our economy and also protects the health of our rivers, lakes and streams. It is vital that we have both.”

“I also want to thank President Obama, Secretary Vilsack, and Administrator Jackson for their outstanding leadership in advancing this initiative. We look forward to a strong working partnership.”

The MOU signing is the first step toward developing the Minnesota Agricultural Water Quality Certification Program (AWQCP), designed to increase the adoption of recommended conservation practices to improve water quality on agricultural land. The MOU signing formalizes the state-federal partnership and confirms a joint commitment to developing and implementing the program.

After the MOU signing, Minnesota and its partners will establish a Technical Advisory Committee to develop the certification program that will support the state’s water quality standards and goals. The committee will solicit input from stakeholders in designing criteria to provide certainty for producers who have voluntarily attained or maintained a certain level of water quality improvements on their agricultural land. Minnesota will test the program in several pilot watersheds.

The Minnesota AWQCP is a state-federal partnership that includes EPA, USDA, Minnesota Department of Agriculture, Minnesota Pollution Control Agency, Minnesota Board of Water and Soil Resources and Minnesota Department of Natural Resources.

For more information about EPA’s work with the agricultural community, please visit: http://www.epa.gov/agriculture/index.html.

For more information about USDA’s conservation programs that improve water quality in Minnesota, please visit: http://www.mn.nrcs.usda.gov.

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Published by: United States Environmental Protection Agence (EPA) (yosemite.epa.gov)

Fed primary dealer survey: First hike likely in 2014


NEW YORK |
Thu Feb 16, 2012 4:01pm EST

NEW YORK (Reuters) – U.S. primary dealers on average saw the highest probability of the first U.S. interest rate increase in the first half of 2014, according to a January survey conducted by the New York Federal Reserve that was released on Thursday.

Dealers placed almost as high a probability of the first interest rate increase in the second half of 2014, while the probability of such a rate increase before or after 2014 tapered off, according to the survey.

Primary dealers saw the second quarter of 2014 as the median for the first rate increase since the central bank cut rates to near zero in December 2008.

The survey was conducted before the Fed’s January 24-25 policy meeting. At the close of its January meeting, the Fed said it would likely keep interest rates at rock-bottom levels until at least late 2014. Fed Chairman Ben Bernanke after the meeting expressed caution about recent improvements in the economy and left the door open to further Fed bond buying to boost growth.

The dealers expected 8.7 percent median U.S. unemployment for 2011, based on a fourth quarter to fourth quarter measure, then 8.5 percent for 2012 and 8.1 percent for 2013, according to the survey.

The government said earlier this month the unemployment rate in January was 8.3 percent.

The January survey is only the second survey the Fed has made public as part of an effort to increase its transparency. However, the Fed withholds details as to the specific number of dealers who responded in any particular way to each question.

There are 21 primary dealers, which are the large financial institutions that do business directly with the Fed to help carry out monetary policy and distribute U.S. debt.

The December Fed survey of primary dealers found a 45 percent chance the central bank would begin to hike interest rates from the current zero to 0.25 percent range only after the middle of 2014.

The survey results are made public a day after Federal Open Market Committee meeting minutes are released.

A Reuters poll of primary dealers conducted in early February found most dealers sticking to their belief the central bank would undertake another massive stimulus program, likely this year, in an effort to bolster economic recovery.

“Several dealers also commented on the possibility of additional asset purchases over the next two years, with some dealers specifically expecting purchases to be concentrated in agency MBS securities,” the New York Fed said in its January survey.

The Fed has already completed two rounds of asset purchases, known as QE1 and QE2, under which it bought a total of $2.3 trillion in mortgage-backed securities and Treasury debt.

(Reporting by Chris Reese; Editing by Chizu Nomiyama)

© 2011 REUTERS (www.reuters.com)

Where Art and Architecture Collide

Venice, Calif.

Sculptor Cliff Garten is known for his grand public pieces. His wife, Molly Reid, is a residential architect. The couple’s first collaboration: an overhaul of a dilapidated house and garage on the 11,000-square-foot lot they bought for $800,000 in 2002.

The resulting compound reflects elements of each of them. Ms. Reid, 49, said she tends to think more about alignment and measurements. Mr. Garten, 59, said he understands a space by “feeling” its energy and finding a way to make a place and a sculpture fit together.

Photos: Where Art and Architecture Collide

Photographs by Michal Czerwonka for The Wall Street Journal

Sculptor Cliff Garten and his wife, architect Molly Reid, overhauled a dilapidated house and garage on the 11,000-square-foot lot they bought for $800,000 in 2002. 

Ms. Reid drew the plans, keeping the footprint of the 3,000-square-foot house but raising the ceilings to 9 feet in the kitchen and living room from 7 feet, installing skylights and opening up the living room to the yard with large glass walls that push open. The two-car garage that had been converted into a guesthouse was torn down and replaced by a 1,500-square-foot corrugated metal studio with 20-foot ceilings for the couple to work in.

Finished in 2009 for a cost of about $500,000, the house and the studio are connected by a courtyard. The entire compound is concealed by a tall hedge, separating it from the hectic neighborhood of narrow streets and eclectic houses about a mile from the beach. A similar-size house with six bedrooms nearby is currently for sale for $3.5 million.

Mr. Garten made sculptures to help make the house and yard relate to the studio. One way he did that was by incorporating a sculpture into the main house. He built a wall-like screen that divides the kitchen and living room yet maintains a sense of the room’s large size. The sculpture, which cost about $30,000 to make, consists of slices of finished plywood with a maple veneer, offset to create a look of undulating waves of wood. “It was generated by the energy and the volume of the room,” he said.

Sculptor Cliff Garten is known for his grand public pieces. Now, in a collaboration with his architect wife, he’s overhauled a dilapidated house in Venice, Calif., bought for $800,000 in 2002. Nancy Keates has details on Lunch Break.

The color palette in the main house came from a series of 19th-century Japanese prints Mr. Garten bought in Tokyo. Walls are painted bright colors: orange in the entryway, yellow in the living room and bright green cabinets in the kitchen. In the living room are three large prints by Mr. Garten—digital renderings of sections of his large sculptures that look a little like Spirograph drawings, in aqua, orange and yellow.

The couple picked most of the other furniture for its sculptural forms. There’s a Noguchi coffee table and a collection of chairs with modern lines designed by architects, including Frank Gehry’s Power Play chair, which looks like it’s made out of wood shavings. The modern Arne Jacobsen chairs around the kitchen table are pink, green, blue, orange, yellow and red.

Outside, Ms. Reid designed a galvanized steel-and-mahogany arbor covered with wisteria over a large outdoor dining table next to the studio, to give domesticity to the metal work space and connect it to the house. Also in front of the studio Mr. Garten made a sculpture with water bubbling out the top. Made from a big chunk of gray granite, it’s the same color and height as the fire pit outside the house.

To soften the industrial feel of the studio, he made one exterior wall a garden wall, with plants like star jasmine crawling up its white stucco surface.

The living and working spaces the couple created reflect both their goals. Mr. Garten’s reaction to moving to Los Angeles from Minneapolis in 2000 was to seek a respite from the vastness and craziness of the city—a space where he could live and work that was big enough to contain his massive works of art but tranquil enough to block out the city. He didn’t want to have to fight L.A. traffic to get to work every day. So he made that refuge in the studio Ms. Reid designed, a large room with visible steel beams and concrete gray floors. At a 4-foot-long skylight, a 7-foot corrugated-plastic lighting sculpture made of small plates hangs from the 20-foot ceiling.

Around the room are models and drawings of many of the some 60 civic sculptures Mr. Garten has made and is working on, each of which take between three and six years to complete and include a 40-foot stainless-steel sculpture tower in Dallas and a 16-foot-tall curvy stainless-steel sculpture in Long Beach.

Ms. Reid wanted to stay in Venice, which is very urban. But she wanted a homey, warm environment to raise their now-8-year-old daughter. For her own personal space, Ms. Reid designed a large lacquered wood desk in an office filled with family photos. A door at one end leads out to a sunny garden with lemon, lime, mandarin and grapefruit trees and a little bench for reading. Inside she created a wall where 40 tubes of different colors of glitter are framed and hang perfectly spaced; her childhood dollhouse (a yellow Colonial) sits in the living room.

The house still isn’t completely finished. Mr. Garten wants to make chandeliers (or “lighting sculptures”) for the dining room and kitchen. “I envision them as curiosities—elegant but strange,” he said.

Ms. Reid is fine with the puffy, white, inexpensive George Nelson bubble pendants there now. She said she wants to keep costs down and doesn’t want to detract from the wall he made. “I’m the practical one,” she said.

© 2011 Wall Street Journal (www.wsj.com)

Game Fish Like Bluefin Tuna Fish After Booking Key West Fishing Charters To Go Deep Sea Fishing Off Key West

The bluefin tuna that will be found about Key West is referred to as the atlantic bluefin tuna or the northern bluefin tuna. They are exceptionally massive fish, ordinarily 6′ to 8′ extended, weighing a little more than 750 lbs. They are able to be found anywhere in the Atlantic Ocean and may travel a large number of miles within a year.

Bluefin tuna rival swordfish and blue marlin for size and speed. They are able to travel more than 40 mph. so they are tremendous fighters. They’re exceptionally deep water fish and may go as deep as a thousand feet down. Bluefin tuna are seldom found closer to shore than five miles out. They travel in schools, often a hundred fish or a great deal more.

In the event you intend to catch a bluefin tuna having a rod and reel, understand that this is not a sport for the faint of heart. You may devote days searching for a school of bluefin tuna, and not locate any. You may devote hours as well as days wanting to reel one particular of these monsters towards the boat. They’re exceptionally large and exceptionally strong. You will need the gear, such as the boat that will manage a war like this. You also need to know the laws fishing charters pertaining to bluefin tuna fishing. You need a specific permit to catch them. The easiest strategy to manage all of the needs of a quest like this is to book a private charter on one particular with the Key West fishing charters and specify that you’re large game fish, particularly bluefin tuna. They’ll be able to set you up at the appropriate time of year, with all the proper licenses and permits and also the proper gear. They’ll also have the boat you’ll need.

They come towards the Gulf of Mexico to spawn amongst April and June. This can be the most beneficial time of year to fish off Key West for bluefin tuna. You may commonly locate them off the deeper reefs and ship wrecks, about oil rigs or anywhere you’ll find structures amongst 120′ and 300′ feet deep, particularly where bait fish could be found.

Bluefin tuna eat herring, whiting, mackerel, flying fish and mullet. They’ll also eat squid, eels, and crabs. You may attract the tuna with zero cost chunks of bait not on hooks. Just throw a bunch of fish chunks on the market. Watch how rapid they sink. You want your bait to mimick the zero cost chunks. Frozen chunks will sink slower. Tuna bite quite without difficulty so it should not be too tricky to convince them that its feeding time. They’ll bite on cut bait quite readily.

The African Sahel region declares ‘a catastrophic year’

LOS ANGELES, CA (Catholic Online) – “It’s a catastrophic year. The drought is severe. We need urgent intervention to prevent a famine,” Ahmed Weddady, national director in the Ministry of Water and Sanitation of Mauritania says. Mauritania has the world’s least amount of potable water, which suffered the worst harvest shortfall in the region. A third of Mauritania’s population already suffers from severe food insecurity.

Rural populations in the Sahel have started to run out of food in early February, a good six months before the next harvest is expected. A drought destroyed the majority of the harvest late last year.

Burkina Faso, Chad, Mali, Mauritania, Niger, Cameroon and Nigeria have all called for international assistance to prevent yet another hunger crisis on the continent. Only Senegal, which will hold presidential elections later this month, has abstained.

The First World, already plagued by financial crises and having just spent millions of dollars in emergency aid during last year’s Somalia famine, have been slow to respond to current appeals. Barely half of the $650 million needed by the United Nations alone have been pledged. Other aid agencies say they are equally short of funds.

The longer donors wait, the more lives will be lost and the more expensive it will be to help, José Luis Fernandez, regional emergency coordinator of the Food and Agriculture Organization of the U.N. says. “That’s the lesson we learnt in Somalia. We don’t have time to lose. We need to mobilize support now.”

In human and economic terms, the irony of the situation is clear. It costs 10 to 20 times more to airlift food into an affected area than to ship it. It costs 80 dollars a day to treat a malnourished child, while it would cost only one dollar a day to prevent the child’s malnutrition if the money was invested in development programs in advance.

The problem in the Sahel, long-term development programs are barely existent. The region suffers from cyclic droughts that have led to low resilience among the population. Even in a “normal” year, half of all children under five suffer chronic malnutrition.

Climate change, combined with population growth, acute poverty, poor access to basic services, changing migration patterns and weak governance, competition over scarce resources and conflict potential have intensified in a region where the majority is dependent on rain-fed agriculture and livestock for survival.

© 2012, Catholic Online. Distributed by NEWS CONSORTIUM.

Published by: Catholic Online (www.catholic.org)

More Borrowers Drawn to 15-Year Mortgage

Lured by rock-bottom interest rates, a growing share of borrowers looking to refinance are opting for a 15-year mortgage instead of the traditional 30-year one.

Fifteen-year fixed-rate loans accounted for nearly one in five refinance applications in October, according to the Mortgage Bankers Association. That’s up from 9.1% a year earlier and 7.5% in October 2007. The October data are the most recent available.

The move to shorter-term loans comes as rates on these mortgages have dropped to near historical lows. Rates on 15-year fixed-rate conforming mortgages averaged 4.46% last week, according to HSH Associates in Pompton Plains, N.J., well below their recent high of 5.25% in mid-June. Rates on 30-year fixed-rate conforming loans averaged 4.99%, or about half a percentage point higher.

To be sure, 15-year loans have their disadvantages. Even with the low rates, monthly payments can be substantially higher because the loan must be paid off over a shorter term. Borrowers are locked into the higher payments for the life of the mortgage.

The higher payments make 15-year loans less popular with home buyers, accounting for less than 5% of purchase applications. “It’s entirely a refinance phenomenon,” says Jay Brinkmann, chief economist of the Mortgage Bankers Association.

Originations of 15-year mortgages at Wells Fargo & Co. are up 55% through November from a year earlier. At J.P. Morgan Chase & Co., 15-year loans now account for 20% of refinances, up from 10% a year ago.

Many borrowers attracted to 15-year loans took out their previous mortgage six or seven years ago and would prefer to shorten the term of their mortgage rather than extend it, says Michael Menatian, a mortgage banker in West Hartford, Conn. Because they have already paid down some principal, the increase in payment isn’t as great as it would be if they were earlier in their mortgage, he adds.

Barry Halligan, a retired municipal employee who now works part-time as a consultant, opted for a 15-year fixed-rate loan when he refinanced his mortgage last month. His new one carries a rate of 4.375%, more than a full percentage point below the 5.5% rate he had been paying since he last refinanced in 2003. The new mortgage will raise his payments by $238 a month, but “there’s more going now to principal,” says Mr. Halligan, who lives in Rocky Hill, Conn.

Other borrowers see the 15-year mortgage as a good investment. Darryl Werner, a physician, is in the process of refinancing the 30-year, $188,000 mortgage he has on an investment property in Long Beach, Calif. The new loan, which carries a rate of 4.375%, will raise the monthly payments on his $188,000 mortgage by $294. “I could take the same money and put it in the bank and make 1%, or in the stock market and lose God knows what,” he says. “This way, it going to pay my loan down.”

Some experts take issue with the notion that paying your mortgage down early is a wise strategy. “Since rates are at all-time lows, there’s all the more reason not to take out a 15-year loan,” says Lou Barnes, a mortgage banker in Boulder, Colo. “Over the long term, rates of return on investments will be higher” than the after-tax cost of the borrowed money, he says.

Write to Ruth Simon at ruth.simon@wsj.com

© 2011 Wall Street Journal (www.wsj.com)

Visitors throng Korean pavilion at Janadriyah

By ARAB NEWS

Published: Feb 19, 2012 01:09
Updated: Feb 19, 2012 01:09

JANADRIYAH: The number of visitors to the 27th Janadriyah Heritage and Culture Festival crossed the million mark on Friday.  “The fact that the number of visitors to the festival exceeded a million on Friday is undoubtedly a proof that the activities at the festival is well organized and properly undertaken,” Director of the media center at the Janadriyah festival Col. Khaled Al-Muqbil said. Minister of State and Commander of the National Guard Prince Miteb bin Abdullah, who is also chairman of the supreme committee of the festival, has been personally attending to even to the minutest aspects of the festival, Al-Muqbil said.

“The prince always instructs festival officials to work in such a manner that visitors do not experience any difficulty in the Janadriyah village,” Al-Muqbil said, adding that the prince also ordered instant removal of any obstacle faced by mediapersons. He believed that the prince’s personal supervision prompted festival workers to strive hard and make the event a great success.

However, the official dismissed reports appearing on some websites that men and women were dancing and mixing at the festival village as baseless, adding that those who schemed to discredit the festival spread such rumors. “The fact that Janadriyah is a grand cultural event of international fame doubles the responsibility of the authorities to maintain its reputation earned over the past years,” Al-Muqbil said.

Muhammad Al-Bahili, a visitor in his 80s, who toured around the village in a wheelchair with the help of his grandsons, said he visited the festival every day as the scenes in most stalls stoked the memory of his childhood days.

The $3 million South Korean pavilion welcomed a large number of visitors to its eight stalls. The first stall, entitled “A Tunnel Across Time” enables a visitor to learn about different periods in the history of Korea.  The second stall shows 3D animated film on the importance of water. The third stall illustrates geographical features of that country with the help of diagrams and maps.

The fourth stall presents 32 porcelain jars representing Korean culture and heritage. It also screens short films portraying various aspects of the country’s culture. Interactive computers give a description of the contemporary life, cuisine and sports of that country.

The fifth stall gives an account of the cultural and technological relations between the Kingdom and Korea.

The sixth stall describes the economic features of Korea with the help of animated films. Another stall provides video presentation of old and modern Korean music and plays while the eighth stall focuses on tourism industry.

A special feature of the Tabuk pavilion is the garlands made of roses, while Taif pavilion presented a huge carpet of roses at its gate. Visitors are also given garlands as gifts.

Bachelor youths, especially students, complained that the period of the festival was extremely short compared to the large number of events presented in it. They said single men were permitted to visit the festival only on four days but two of them were weekdays on which students and employed youths were not free to visit the event.

The police pavilion showcased devices used in combating criminal activities such as defusing explosives, finger printing machines and method of photographing crime locations and instruments used in forgery.

The pavilion officials explained to visitors the different kinds of services offered by the general police, public security, security patrols, traffic police, special forces, highway police and the public relations department.

The traffic police displayed the methods of learning driving with the help of a computer-aided program.

A number of guns and other weapons used in crimes, narcotic and liquor detection devices were also on display.

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© 2011 Arab News (www.arabnews.com)

Bernanke says recovery slow but small banks climbing back


WASHINGTON |
Thu Feb 16, 2012 9:37am EST

WASHINGTON (Reuters) – The weak economic recovery has made it harder for banks to make money from loans but the financial conditions of smaller institutions appear to be solidifying, Federal Reserve Chairman Ben Bernanke said on Thursday.

“Despite some recent signs of improvement, the recovery has been frustratingly slow, constraining opportunities for profitable lending,” Bernanke told a banking conference.

Despite high ratios of nonperforming assets, asset quality appears to be stabilizing and provisions for loan losses at community banks appear to be decreasing, Bernanke said.

Capital ratios also seem to be improving, he added.

The Fed chairman did not extensively discuss the outlook for the economy or monetary policy in his speech.

Bernanke said he is aware that the central bank’s ultra-loose monetary policy has squeezed bank profitability but argued a stronger economy will boost bank business over time.

The Fed cut interest rates to near zero more than three years ago and said in January that the sluggish recovery is likely to warrant keeping rates at fire-sale levels for around another two years.

“In the longer term the overall effect on bank profitability of an appropriately accommodative monetary policy is almost certainly positive,” Bernanke said.

(Reporting By Mark Felsenthal; Editing by Theodore d’Afflisio)

© 2011 REUTERS (www.reuters.com)

Employers’ Wellness Rewards Come With Risks

Employers seeking to promote wellness in the workplace may have to rethink their rewards programs – or run the risk of breaking new federal rules protecting individuals’ genetic information.

The recently issued guidelines prohibit health plans and employers from offering any financial rewards to any worker for participating in a health risk assessment that requests information about their family medical history. The rules apply to group health insurance with plan years beginning on or after Dec. 7.

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HRAs are confidential surveys that include questions about employees’ habits and health, and are used to direct them into employer-sponsored wellness and disease management programs. Most include questions about family history. Many employers offer insurance premium discounts or cash bonuses, among other rewards, to workers who fill them out.

Regulators made clear that the new rules, issued on Oct. 7, apply to wellness programs that offer financial incentives for completing HRAs that request genetic information. The rules aren’t final yet: Employers and insurers have until Jan. 5 to submit comments, which means they could yet be revised.

Employers usually ask workers to complete HRAs during open enrollment, a three-month window generally between October and December, during which employees elect their health coverage for the next year.

“It’s pretty late in the game for these rules to be coming out, as most health plans and employers have already completed their materials for open enrollment,” says Gretchen Young, vice president of health policy at The Erisa Industry Committee, a trade organization representing about 100 of the largest U.S employers.

Employers whose health plans aren’t in compliance may face significant monetary penalties. Even for unintentional violations, employers can face fines of up to $500,000. They also risk discrimination lawsuits, according to Anne Waidmann, an employee benefits expert and director with PricewaterhouseCoopers in Washington.

Regulators say the new restrictions on the use of incentives are designed to bring HRAs into line with provisions in the Genetic Information Nondiscrimination Act of 2008. It prohibits the collection of genetic information, which includes family medical history, for insurance underwriting purposes.

Young fears that, with fewer incentives, fewer employees will sign up for HRAs, which employers view as a key tool in taming rising medical expenses. About 64% of employers now offer incentives for completing HRAs, up from 57% last year, according to PricewaterhouseCoopers survey of about 700 large employers.

Waidmann says there are ways employers can bring their HRAs into compliance: They can simply remove questions on family medical history from HRAs when a financial incentive is being offered, or they can split the questionnaire in two and only offer a reward for the part that doesn’t solicit family information. Under the rules, employers can only ask workers to voluntarily fill out the second section once they’ve enrolled in the health plan.

© 2011 Wall Street Journal (www.wsj.com)

EPA Analysis Shows Decrease in 2010 Toxic Chemical Releases in Rhode Island (RI)

Release Date: 01/05/2012Contact Information: David Deegan, (617) 918-1017

(Boston, Mass. – Jan. 5, 2012) – EPA’s most recent Toxic Release Inventory (TRI) data is now available for the reporting year of 2010. TRI reporting provides Americans with vital information about their communities by publishing information on toxic chemical disposals and releases into the air, land and water, as well as information on waste management and pollution prevention activities in neighborhoods across the country. 
In Rhode Island, the reporting data show that overall releases of pollutants to the environment have decreased since the previous reporting year (2009). TRI information is a key part of EPA’s efforts to provide greater access to environmental information and get information to the public as quickly as possible. TRI was recently recognized by the Aspen Institute as one of the 10 major ways that EPA has strengthened America.

During 2010, the latest year for which data are available, approximately 20.6 million pounds of chemicals were released in the six New England states, a reduction of about 287,337 pounds. In Rhode Island, 96 facilities reported in 2010 approximately 375,746 pounds (an decrease of 123,853 pounds). Approximately 52 percent of releases in Rhode Island were emitted to the air during 2010. Across the U.S. in 2010, 3.93 billion pounds of toxic chemicals were released into the environment, a 16 percent increase from 2009. 

Each year, EPA makes publicly available TRI data reported by industries throughout the United States regarding chemical releases to air, water and land by power plants, manufacturers and other facilities which employ ten or more workers and exceed thresholds for chemicals.  This year, EPA is offering additional information to make the TRI data more meaningful and accessible to all communities.  The TRI analysis now highlights toxic disposals and releases to large aquatic ecosystems, selected urban communities, and tribal lands. EPA has improved this year’s TRI national analysis report by adding new information on facility efforts to reduce pollution and by considering whether economic factors could have affected the TRI data. With this report and EPA’s Web-based TRI tools, citizens can access information about the toxic chemical releases into the air, water, and land that occur locally. Finally, EPA’s first mobile application for accessing TRI data, myRTK, is now available in Spanish, as are expanded Spanish translations of national analysis documents and Web pages.
“We will continue to put accessible, meaningful information in the hands of the American people. Widespread public access to environmental information is fundamental to the work EPA does every day,” said EPA Administrator Lisa P. Jackson. “TRI is a cornerstone of EPA’s community-right-to-know programs and has played a significant role in protecting people’s health and the environment by providing communities with valuable information on toxic chemical releases.”

“TRI is an important tool for citizens and communities to have access to information about what chemicals may be in and near their local environment,” said Curt Spalding, regional administrator for EPA’s New England office.
Reporting includes information on chemicals released at a company’s facility, as well as those transported to disposal facilities off site. TRI data do not reflect the relative toxicity of the chemicals emitted or potential exposure to people living in a community with reported releases.

Facilities must report their chemical disposals and releases by July 1 of each year.  This year, EPA made the 2010 preliminary TRI dataset available in July, the same month as the data were collected.  
Reporting under TRI does not indicate illegal discharges of pollutants to the environment. EPA works closely with states to provide regulatory oversight of facilities that generate pollution to the nation’s air, land and water. Effective review and permitting programs work to ensure that the public and the environment are not subjected to unhealthful levels of pollution, even as agencies work to further reduce emissions of chemicals to the environment.

Further, robust enforcement efforts by EPA and states ensure that facilities that violate their environmental permits are subject to penalties and corrective action. Yearly releases by individual facilities can vary due to factors such as power outages, production variability, lulls in the business cycle, etc., that do not reflect a facility’s pollution prevention program(s).

The top ten chemicals released to the environment on- and off-site during 2010 in Rhode Island were:

1COPPER COMPOUNDS45,716

2ZINC COMPOUNDS39,916

3AMMONIA31,067

4STYRENE28,230

5LEAD COMPOUNDS25,741

6TOLUENE24,075

7METHANOL16,413

8COPPER15,622

9N-BUTYL ALCOHOL15,207

10XYLENE (MIXED ISOMERS)13,637

The ten facilities that reported the largest quantity of on- and off-site environmental releases in Rhode Island under TRI for 2010 were:

1CHEMART.11 NEW ENGLAND WAY, LINCOLN RHODE ISLAND 02865 (PROVIDENCE)  61,770

2SENESCO MAIN YARD.10 MACNAUGHT ST, NORTH KINGSTOWN RHODE ISLAND 02852 (WASHINGTON)  38,510

3GANNON & SCOTT.33 KENNEY DR, CRANSTON RHODE ISLAND 02920 (PROVIDENCE)  21,944

4PEARSON COMPOSITES LLC.373 MARKET ST, WARREN RHODE ISLAND 02885 (BRISTOL)  20,234

5BLOCK ISLAND POWER CO.100 OCEAN AVE, BLOCK ISLAND RHODE ISLAND 02807 (WASHINGTON)  18,993

6GENERAL CABLE CO.3 CAROL DR, LINCOLN RHODE ISLAND 02865 (PROVIDENCE)  16,379

7TEKNOR APEX CO.505 CENTRAL AVE, PAWTUCKET RHODE ISLAND 02861 (PROVIDENCE)  12,048

8TACO INC – CRANSTON.1160 CRANSTON ST, CRANSTON RHODE ISLAND 02920 (PROVIDENCE)  11,439

9SAINT-GOBAIN PERFORMANCE PLASTICS.386 METACOM AVE, BRISTOL RHODE ISLAND 02809 (BRISTOL)  9,936

10SPERIAN EYE & FACE PROTECTION.10 THURBER BLVD, SMITHFIELD RHODE ISLAND 02917 (PROVIDENCE)  9,668

TRI was established in 1986 by the Emergency Planning and Community Right-to-Know Act (EPCRA) and later modified by the Pollution Prevention Act of 1990.  Together, these laws require facilities in certain industries to report annually on releases, disposal and other waste management activities related to these chemicals.  TRI data are submitted annually to EPA and states by multiple industry sectors including manufacturing, metal mining, electric utilities, and commercial hazardous waste facilities.
EPA continues to work closely with the regulated community to ensure that facilities understand and comply with their reporting requirements under TRI and other community right-to-know statutes. EPA will once again hold training workshops throughout the New England region during the Spring of 2012. Training sessions will be set up in each state. Further information will be available on our Web site.

More information:

- TRI in Rhode Island Fact Sheet (epa.gov/triexplorer/statefactsheet.htm)

- Additional National information on TRI (epa.gov/tri/)

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Published by: United States Environmental Protection Agence (EPA) (yosemite.epa.gov)