Tuesday, January 31, 2012

Britain strips ex-RBS boss Goodwin of his knighthood (Reuters)

LONDON (Reuters) ? Britain took the rare step of stripping former Royal Bank of Scotland chief Fred Goodwin of his knighthood, following intense criticism of his role in RBS' near-collapse during the 2008 credit crisis, and public anger towards wealthy bankers.

"The failure of RBS played an important role in the financial crisis of 2008-9 which, together with other macroeconomic factors, triggered the worst recession in the UK since the Second World War and imposed significant direct costs on British taxpayers and businesses," the government said in a statement.

"Fred Goodwin was the dominant decision maker at RBS at the time," it added, explaining a decision taken by a committee of civil servants.

Goodwin had been awarded the knighthood in 2004 for services to banking, but has since come under heavy criticism from the public after taxpayer funds were used to bail out the stricken bank.

The government said it would soon be announced that Goodwin's knighthood had been "cancelled and annulled".

The Scottish banker spearheaded RBS' disastrous acquisition of Dutch bank ABN AMRO, which nearly caused the collapse of RBS during the 2008 crisis.

RBS ended up having to be propped up with 45 billion pounds ($71 billion) of taxpayers' money, with the government finishing up with an 83 percent stake in the bank.

It is very rare for Britain to remove people of their knighthoods, and Goodwin joins the ranks of figures such as former Romanian dictator Nicolae Ceausescu who forfeited an honorary knighthood.

The woes of RBS have come to symbolize for many in Britain more serious problems with the country's banking industry.

Many are still angry at the fact that bankers are continuing to get paid millions while elsewhere thousands lose their jobs as the economy weakens.

On Sunday, the current chief executive of RBS - Stephen Hester - was forced to decline a million pound share bonus after the award had been attacked by all major British political parties.

($1 = 0.6337 British pounds)

(Reporting by Matt Falloon, Mohammed Abbas and Sudip Kar-Gupta)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20120131/wl_nm/us_britain_rbs_knighthood

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Obama's 'striking' assault on rising college tuition (The Week)

New York ? The president wants to give less federal money to schools when they hike fees. Is that the key to bringing costs down?

President Obama wants to slow the rise in higher education costs by steering federal money to colleges that keep tuition down. Obama said last week that schools have a responsibility to lower costs because higher education "is not a luxury; it's an economic imperative that every family in America should be able to afford." Colleges can't "just jack up tuition every single year," the president said. "If you can't stop tuition from going up, your funding from taxpayers will go down." Will Obama's attempt to rein in runaway tuition work?

This stance is long overdue: How "striking," says Kevin Carey at?The New Republic. "For the first time, a Democratic president is threatening the funding of his bedrock liberal constituency in traditional higher education." The president's proposal is "welcome and necessary" ? and only someone with Obama's liberal credentials could even try to take on such a sacred cow. But it won't be easy. "The higher education lobby is one of the best in the business," and you can bet it will work hard to "scuttle any meaningful reforms."
"Obama vs. colleges: It's about time!"

But Obama might hurt struggling schools: Higher ed costs are rising twice as fast as inflation,?says Kayla Webley at TIME. So of course, giving colleges an incentive to lower tuition "sounds like a great thing on its face."?But at the same time, state universities have "just sustained record-high cutbacks," and some state schools won't be able to make ends meet if they don't make students pay more. Denying universities a share of billions in federal aid will only compound financial problems that many colleges can't control.
"Obama wants to force colleges to reduce tuition, but at what cost?"

It won't happen with this Congress: There's a deal-breaking "catch" here, says California's?Santa Cruz Sentinel in an editorial. Most of what Obama wants to do would require approval from Congress. Obama is hoping to boost federal funding in the Perkins student loan program from $1 billion to $8 billion, and then dish that extra money out to universities that keep tuitions low. But House Republicans aren't on board, arguing that Obama's plan would "just add spending when the national debt of $1.2 trillion is a looming disaster." So much for reform.
"Big flaw with Obama college plan"

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Source: http://us.rd.yahoo.com/dailynews/rss/oped/*http%3A//news.yahoo.com/s/theweek/20120130/cm_theweek/223841

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Monday, January 30, 2012

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Sunday, January 29, 2012

17th body found on wrecked Italy cruise ship

NBC's Michelle Kosinski reports.

GIGLIO, Italy-- Rough seas delayed the planned start Saturday of a salvage operation to remove a half-million gallons of fuel from the wrecked Costa Concordia cruise ship off Italy?s Tuscan coast.

Recovery operations continued, however, and on Saturday yielded a 17th body: A woman who wasn't wearing a life jacket was found by divers on the submerged sixth floor deck, civil protection officials said.


The Concordia ran aground on Jan. 13 off the port of the island of Giglio after the captain deviated from his planned route and gashed the hull of the ship on a reef. Some 4,200 passengers and crew endured a panicked evacuation after the abandon ship alarm didn't sound until the ship had capsized so much that some life boats couldn't be lowered.

Sixteen people remain unaccounted for and are presumed dead. The body discovered Saturday has not yet been identified.

DigitalGlobe

With heavy seas and strong winds forecast to continue, work on removing more than 500,000 gallons of heavy fuel aboard the capsized ship may be held up for days, according to a spokesman for SMIT, the Dutch company that is managing the operation.

"Starting operations depends on the weather conditions," Martijn Schuttevaer told reporters. "The forecast is for the bad weather to last until Tuesday and we don't expect to be able to recommence activities until the middle of the week."

A barge carrying pumping equipment that was attached to the capsized ship was withdrawn after strong winds and high waves worsened conditions for the divers working on the huge wreck.

Pier Paolo Cito / AP

Italian police scuba divers sail around the grounded Costa Concordia on Friday.

The accident, expected to trigger the most expensive maritime insurance claim ever, has set off a legal battle in which U.S. and Italian lawyers are preparing class-action and individual lawsuits against the operator, Costa Cruises.

In a bid to limit the fallout, Costa, a unit of Carnival Corp., the world's largest cruise ship operator, has offered the more than 3,000 passengers $14,460 each in compensation on condition they drop any legal action.

  • Wrecked cruise ship pasengers offered $14,460
  • The Concordia's captain, Francesco Schettino, is under house arrest, suspected of causing the accident by steering too close to shore, and faces charges of multiple manslaughter and abandoning ship before the evacuation was complete.

    The ship's first officer, Ciro Ambrosio, has also been questioned by prosecutors but the company itself has not been implicated in the investigation at this stage.

    More from msnbc.com and NBC News:

    Source: http://overheadbin.msnbc.msn.com/_news/2012/01/28/10258723-17th-body-found-on-wrecked-italy-cruise-ship-bad-weather-stalls-salvage-work

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    IMF chief presses for more cash to fight crisis (AP)

    DAVOS, Switzerland ? The head of the International Monetary Fund appeared to be making headway Saturday in her drive to boost the institution's financial firepower so that it can help Europe prevent its crippling debt crisis from further damaging the global economy.

    Christine Lagarde, who replaced Dominique Strauss-Kahn as managing director of the fund six months ago, is trying to ramp up the IMF's resources by $500 billion so it can help if more lending is needed in Europe or elsewhere. The IMF is the world's traditional lender-of-last-resort and has been involved in the bailouts of Greece, Ireland and Portugal.

    Insisting that the IMF is a "safe bet" and that no country had ever lost money by lending to the IMF, Lagarde argued that increasing the size of the IMF's resources would help improve confidence in the global financial system. If enough money is in the fund the markets will be reassured and it won't be used, she said, using arguments similar to those that France has made about increasing Europe's own rescue fund.

    "It's for that reason that I am here, with my little bag, to actually collect a bit of money," she said at the World Economic Forum in the Swiss Alps town of Davos.

    Her plea appeared to find a measure of support from ministers of Britain and Japan, sizable IMF shareholders that would be expected to contribute to any money-raising exercise.

    George Osborne, Britain's finance minister, said there is "a case for increasing IMF resources and ... demonstrating that the world wants to help together to solve the world's problems," provided the 17 countries that use the euro show the "color of their money."

    European countries have said they're prepared to give the IMF $150 billion, meaning that the rest of the world will have to contribute $350 billion. However, many countries, such as Britain and the U.S., want Europe to do more, notably by boosting its own rescue fund.

    Osborne said he would be willing to argue in Parliament for a new British contribution, though he may encounter opposition from some members from his own Conservative Party.

    Japan's economy minister, Motohisa Furukawa, said his country would help the eurozone via the IMF, too, even though Japan's own debt burden is massive. Unlike Europe's debt-ridden economies, Japan doesn't face sky-high borrowing rates, partly because there's a very liquid domestic market that continues to support the country's bonds.

    Europe once again dominated discussions on the final full day of the forum in Davos. Despite some optimism about Europe's latest attempts to stem the crisis, fears remain that turmoil could return.

    Whether the markets remain stable could rest for now on if Greece, the epicenter of the crisis, manages to conclude crucial debt-reduction discussions with its private creditors. It's also seeking to placate demands from its European partners and the IMF for deeper reforms.

    A failure on either front could force the country, which is now in its fifth year of recession, to default on its debt and leave the euro, potentially triggering another wave of mayhem in financial markets that could hit the global economy hard.

    One German official even said Saturday that Greece should temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner to secure further bailouts. The official spoke on condition of anonymity because talks on the idea are confidential.

    "The fact that we're still, at the start of 2012, talking about Greece again is a sign that this problem has not been dealt with," Britain's Osborne said.

    For Donald Tsang, the chief executive of Hong Kong, efforts to deal with the 2-year-old debt crisis have fallen short of what is required. The failure to properly deal with the Greek situation quickly has meant the ultimate cost to Europe has been higher, he said.

    "I have never been as scared as now about the world," he said.

    Most economic forecasters predict that the global economy will continue to grow this year, but at a fairly slow rate. The IMF recently reduced its forecasts for global growth in 2012 to 3.3 percent, from the 4 percent pace that the IMF projected in September.

    Lagarde sought to encourage some countries that use the euro to boost growth to help shore up the ailing eurozone economy, which is widely expected to sink back into recession, adding that it would be counterproductive if all euro countries cut their budgets aggressively at the same time.

    "Some countries have to go full-speed ahead to do this fiscal consolidation ... but other countries have space and room," Lagarde said.

    Though conceding that there aren't many such countries, Lagarde said it is important that those that have the headroom explore how they can boost growth. She carefully avoided naming any countries, but likely had in mind Germany, Europe's largest economy and a major world exporter. She didn't specify how to boost growth or how one eurozone country could help others grow.

    Lagarde said members of the eurozone should continue the drive to tie their economies closer together. On Monday, European leaders gather in Brussels in the hopes of agreeing on a treaty that will force member countries to put deficit limits into their national laws.

    Britain's Osborne said eurozone leaders should be praised for the "courage" they have shown over the past few months in enacting austerity and setting in place closer fiscal ties, but said more will have to be done if the single currency is to get on a surer footing.

    Fiscal transfers from rich economies to poorer ones will become a "permanent feature" of the eurozone, Osborne predicted.

    While politicians and business people were discussing the state of the global economy within the confines of the conference center, protesters questioned the purpose of the event as income inequalities grow worldwide.

    Protesters from the Occupy movement that started on Wall Street have camped out in igloos at Davos and were demonstrating in front of City Hall to call attention to the needs of the poor and unemployed.

    In a separate protest, three Ukrainian women were arrested when they stripped off their tops ? despite temperatures around freezing ? and tried to climb a fence surrounding the invitation-only gathering of international CEOs and political leaders.

    "Crisis! Made in Davos," read one message painted across a protester's torso.

    Davos police spokesman Thomas Hobi said the three women were taken to the police station and told they weren't allowed to demonstrate. He said they would be released later in the day.

    ___

    Frank Jordans and Edith M. Lederer in Davos, and Juergen Baetz in Berlin contributed to this report.

    Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_bi_ge/eu_davos_forum

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    Saturday, January 28, 2012

    Scientists: Haiti, DR, brace for future big quakes (AP)

    PORT-AU-PRINCE, Haiti ? A U.S. scientist says Haiti and the Dominican Republic could be in for a period of periodic powerful earthquakes following the 2010 magnitude-7 quake that hit Haiti.

    William Bakun of the U.S. Geological Survey says a study that he co-wrote looks at the history of earthquakes on the island of Hispaniola, which is shared by Haiti and the Dominican Republic.

    He says four earthquakes of magnitude 6.6 and higher rocked the island from 1701 to 1770, and Hispaniola could be entering a similar period.

    Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20120127/ap_on_re_la_am_ca/cb_haiti_earthquake

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    Researchers Spot Potential Bile Duct Cancer Drug Targets (HealthDay)

    THURSDAY, Jan. 26 (HealthDay News) -- Researchers who identified a new genetic signature associated with bile duct cancer say their discovery could lead to targeted treatment for the deadly cancer.

    The team at the Massachusetts General Hospital Cancer Center screened samples from 287 patients with gastrointestinal tumors and found that growth-enhancing mutations in two genes (IDH1 and IDH2) may account for nearly one-fourth of bile duct tumors that develop in the liver.

    Mutations in IDH1 were found in 13 percent of all bile duct tumors and in 23 percent of those within the liver itself. Mutations in IDH2 were less common.

    It may be possible to develop drugs that target this mutation in order to control tumor growth, they said.

    The findings were published online in The Oncologist.

    Bile duct cancer occurs in a duct that carries bile from the liver to the small intestine.

    "Patients with bile duct cancer have a generally poor prognosis. Most of them are diagnosed with advanced or metastatic disease, so surgical resection [removal] is not feasible," study co-senior author Dr. Andrew Zhu, director of Liver Cancer Research at the MGH Cancer Center, said in a hospital news release.

    "Identifying this new and relatively common mutation in intrahepatic [within the liver] bile duct cancer may have significant implications for the diagnosis, prognosis and therapy of patients whose tumors harbor this mutation," Zhu added.

    Currently, there are no drugs that target IDH mutations, but extensive efforts are underway to develop such drugs, the researchers say.

    Each year in the United States, 12,000 people are diagnosed with cancers of the gallbladder and bile duct, but only 10 percent of those cancers are discovered early enough for successful surgical treatment. Average survival, even with chemotherapy, is less than a year.

    More information

    The American Cancer Society has more about bile duct cancer.

    Source: http://us.rd.yahoo.com/dailynews/rss/diseases/*http%3A//news.yahoo.com/s/hsn/20120126/hl_hsn/researchersspotpotentialbileductcancerdrugtargets

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    Friday, January 27, 2012

    Rape, corruption in camps blight lives of Somali displaced (Reuters)

    MOGADISHU (AlertNet) ? Nurto Isak's food rations are feeding her, her three children, and -- she suspects -- the militiamen guarding the camp in Mogadishu where she and other uprooted Somalis have taken refuge.

    The city is host to more than 180,000 internally displaced people (IDPs) who, like Isak, have fled a killer combination of conflict, drought and hunger back home.

    Many risk long, difficult journeys to reach the capital, their sights set on the numerous aid agencies that have set up relief operations to hand out food and treat malnutrition there.

    Yet many people at various IDP settlements in the war-torn city complain that food aid is not reaching them and accuse local aid workers working for international and Somali NGOs of taking it to line their own pockets.

    "Half of the rations intended for our camp is given to the warlord whose militia are said to be guarding us," Isak told AlertNet (www.trust.org/alertnet), a humanitarian news service run by Thomson Reuters Foundation.

    Many of the displaced said women were being raped in camps, while others lamented a lack of jobs, health clinics and schools despite the increased presence of aid groups.

    Six months after famine was declared in parts of Somalia, the Horn of Africa country remains in the grip of a humanitarian crisis, with 4 million people in need of aid, according to U.N. figures.

    However, fighting between government forces and Islamist rebels, combined with attacks on aid workers and a history of aid being manipulated for political gain, means Somalia is one of the toughest countries for relief agencies to operate in.

    As such, it is a classic case study of the obstacles to effective aid as highlighted in an AlertNet poll of 41 leading relief agencies published on Thursday.

    In the survey, more than half the experts cited increasingly complex disasters as one of the biggest challenges to aid delivery -- with the use of aid as a political weapon and violence against relief workers also featuring highly.

    Last month two staff working for Medecins Sans Frontieres (MSF) were shot dead by a colleague in Mogadishu, while earlier this month the International Committee of the Red Cross suspended food distribution to 1.1 million people after al Shabaab rebels blocked deliveries to areas under the militant group's control.

    "This is one of the most complex environments for humanitarians," said U.N. humanitarian coordinator for Somalia, Mark Bowden, in response to the claims by displaced people that food rations were being sold by local aid workers.

    "Despite continued efforts to strengthen our monitoring systems, allegations still and will continue," he said in a statement to AlertNet.

    FAST BUCK

    Some of the IDP camps -- little more than a clutch of flimsy shelters made of sticks and cloth -- are directly and indirectly run by government forces or warlords linked to the government, residents say.

    Shukri Aden, a resident at another camp, said she had witnessed traders buying food supplies directly from a number of local staff working for NGOs and aid agencies responsible for distributing food in her camp.

    "Traders park their cars and lorries beside the camp when it is food distribution day," the mother of six said.

    Once a month residents of the camps are handed a card that allows them to collect 25 kg of rice, 25 kg of wheat flour, 10 kg of sugar and 5 liters of cooking oil, Aden said.

    But often they are pressured into handing their rations to a local aid worker who pays them around $5 each -- hardly enough to buy food for a day.

    The aid worker then sells the food at a marked-up price to a trader, earning thousands of dollars in profits, she said.

    "They give us cards to take food but we rarely receive the ration," said Aden, who has taken to begging and washing clothes to scrape together a few more shillings to feed her family.

    RAPED AT GUNPOINT

    A few miles away in Dinsoor IDP camp, Kadija Mohamed, 36, told AlertNet she was raped.

    "Three armed men in government uniform came into the camp. The strongest one shone a powerful torch in my eyes, he strangled me and then raped me in front of my crying kids," she said.

    Mohamed, a widow, said she waited for sunrise before making her way to a nearby clinic only to be told there were no doctors.

    "Later the camp leaders brought me some painkillers. Now I'm OK but I do not know what diseases I caught from the rape. I have nowhere to go for a check-up," Mohamed said. "We live in these makeshift shelters. We have no aid agency or government to protect us at night. We are at God's mercy."

    Isak also said rape was common in her camp.

    "They rape even mothers at gunpoint at night -- and we are threatened to death should we disclose it," she said. "The makeshift shelters have no lockable doors, so these men just come in at night and lie on you."

    In its January 18 report, the U.N. Office for the Coordination of Humanitarian Affairs (OCHA) said sexual violence against women and girls was continuing in Somalia. It also said security in the IDP settlements was insufficient and at risk of deteriorating.

    QUESTION OF PRIORITIES

    Mohamed's brother, Macalim Ibrahim, 40, reserved his biggest criticism for government officials and local aid workers.

    "These local aid workers are building houses with the sale of food intended for the poor displaced people like us," he told AlertNet. "We are deprived and yet have no government or aid agencies to ask for help."

    He also questioned the effectiveness of some of the aid that has been given.

    "Many NGOs come, take our photos, and never come back. For example, one aid agency came and erected this school building made of iron sheets," Ibrahim said.

    "We brought our kids to the school but it did not work more than 7 days. The guys took footage of the kids at school and never came back. And the teachers disappeared.

    "Other aid agencies came and built these latrines. That is good but a hungry man never goes to the toilet. We need food and water to survive," he said.

    (Additional reporting by Katy Migiro in Nairobi)

    (AlertNet is a humanitarian news service run by Thomson Reuters Foundation. Visit http://www.trust.org/alertnet)

    (Writing by Katie Nguyen; Editing by Sonya Hepinstall)

    Source: http://us.rd.yahoo.com/dailynews/rss/health/*http%3A//news.yahoo.com/s/nm/20120126/lf_nm_life/us_disasters_somalia

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    Thursday, January 26, 2012

    Britain ranks top risks posed by climate change (AP)

    LONDON ? Coastlines, working patterns, and even the country's most famous meal are under threat from climate change, Britain said Thursday in its first-ever national assessment of the likely risks.

    The 2.8 million pound ($4.4 million) study sets out the most pressing problems expected to affect the United Kingdom as a result of climate change, from rising sea levels to more frequent summer droughts.

    In a gloomy forecast for Britain's environment department, a panel of independent analysts predicted as many as 5,900 more people could die as a result of hotter summers ? but also claimed there will be a sharp reduction in deaths currently due to cold weather by the 2050s.

    Infrastructure and businesses will be badly affected by more frequent floods, with the cost of damage likely to rise from 1.3 billion pounds ($2 billion) to as much as 12 billion pounds ($18.8 billion) by the 2080s, if adequate preparations aren't taken.

    By the 2050s, between 27 million and 59 million people in Britain are likely to be living in areas suffering problems with water supplies, the report claims. Britain is predicted to have a population of about 77 million by 2050.

    Beaches and historic coastlines are likely to be reshaped by coastal erosion, with the rate expected to increase fourfold, the report said. "This might have significant implications for communities and habitats," it said.

    Analysts predict an increase in the overheating of workplaces which would harm businesses by reducing employee productivity and increasing energy bills, because of a greater reliance on air conditioning.

    Without alteration work, sewers will overflow more frequently and spill pollution into seas and rivers, while heavier rainfall is likely to cause frequent damage to roads, railway tracks and bridges.

    The report also warned that Britain's stocks of cod ? a key component of the nation's beloved fish and chips ? will dwindle, but should be replaced by more plentiful numbers of fish such as plaice and sole.

    However, the study also points out possible benefits to Britain. It notes that there will likely be better yields for crops of wheat, sugar beet and potatoes, that the melting of Arctic sea ice will open quicker shipping routes and that warmer temperatures will make the U.K. a more attractive tourist destination.

    "Without an effective plan to prepare for the risks from climate change the country may sleepwalk into disaster," said John Krebs, chairman of a group that advises Britain's government on adapting to climate change.

    Britain has pledged to cut its carbon emissions in half by 2025, though the target could be loosened if other European countries fail to cut their own emissions accordingly.

    The U.K. has a legally mandated commitment to reduce greenhouse gas emissions by 60 percent by 2030, and 80 percent by 2050.

    Analysts who drafted the report said other nations likely face more significant challenges than Britain in coping with the impact of a changing climate.

    "Potential climate risks in other parts of the world are thought to be much greater than those directly affecting the U.K., but could have a significant indirect impact here ... on global health, political stability and international supply chains," the report said.

    Source: http://us.rd.yahoo.com/dailynews/rss/science/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_sc/eu_britain_climate_change

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    Elizabeth Warren explains why America stopped investing in the ...

    Last night during an appearance on the Daily Show with Jon Stewart, Massachusetts senatorial candidate Elizabeth Warren explained why the federal government no longer invests in building up the middle-class. Here is Warren, starting at 2:40 in the interview, a video of which can be seen below the fold:
    What's happened is that Washington now works for those who can hire an army of lobbyists and an army of lawyers.

    You know, if you're in the drug business, and you are selling prescriptions to seniors, and you don't want to have to negotiate over the prices, Washington works beautifully for you.

    If you want subsidies to drill for oil, Washington is working for you.

    If you run a hedge fund and want to pay the lowest possible taxes, Washington is working for you.

    In fact, there was recently a study, just in the last couple of weeks, there was a study in which it comes out that thirty of the largest companies in the United States are now spending more on lobbying than they pay in federal taxes.

    Think about that. I mean that is the investment, and that's what they see as the future.

    Politicians and pundits often say that Washington, D.C. is broken. However, the truth is that Washington works just fine for large corporations. These corporations invested heavily in influencing public policy, and it paid off handsomely for them. Everyone else just got left behind in the process.

    Elizabeth Warren gets this, and it is yet another reason why we need her in the U.S. Senate.

    Sign up to receive Elizabeth Warren related action alerts from Daily Kos. Her full interview with Jon Stewart can be seen below the fold.

    Elizabeth Warren on The Daily Show party one:

    Elizabeth Warren on The Daily Show part two:

    Source: http://www.dailykos.com/story/2012/01/25/1058374/-Elizabeth-Warren-explains-why-America-stopped-investing-in-the-middle-class

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    Saturday, January 21, 2012

    UK prince's tour of duty to reignite Falklands dispute?

    Prince William, a Royal Air Force search-and-rescue helicopter pilot, will be deployed 8,000 miles away from home, at a base in the Falkland Islands, a British colony off the coast of Argentina. NBC's Michelle Kosinski reports.

    By Jack Rees, NBC News

    LONDON -- As?Prince William prepares to head 8,000 miles from home to serve as a helicopter pilot in the remote Falkland Islands,?the traditional "Rule Britannia, Britannia rules the waves!" refrain seems rather far-fetched.

    Britain's naval fleet was once?twice the combined size of its two closest rivals.?But austerity cuts have seen?billions of pounds vanish?from military budgets. Even the Royal Navy's flagship aircraft carrier hasn't been spared -- HMS Ark Royal was?sent to the scrapyard last year.


    Tensions have been increasing between Argentina and the U.K. as the 30th anniversary of their 10-week war over the Falklands approaches.?Argentina claims sovereignty over the British-ruled?islands, which are about 300 miles off its coast in the South Atlantic.

    'Provocative act'
    Britain's oil prospecting on the seabed?near the islands has added fuel to the fire.?Buenos Aires has?condemned such exploration as illegal. There has also been a war of words over territorial fishing rights and President Cristina Fernandez?has pledged an "eternal fight" to reclaim the islands.

    Britain has ruled the Falklands for more than 180 years.

    When Prince William's posting was announced by the Royal Air Force, one Argentine official described the move as a "provocative act."

    Reuters reported that Britain's National Security Council discussed the islands' defenses on Tuesday.

    Prime Minister David Cameron?subsequently accused Argentina of "colonialism" in its claim to the Falklands, saying Britain was committed to protecting the islands and?insisting that people there should be allowed to decide their own nationality.

    "These people want to remain British and the Argentinians want them to do something else," Cameron told lawmakers.

    Florencio Randazzo, Argentina's interior minister, later described Cameron's comments as?"totally offensive," Reuters reported.

    Olympic protest?
    Even this summer's?Olympics in London appear in danger of becoming entangled in? the spat. Some Argentine athletes have discussed plans to wear a logo on their uniforms stating: "The Falklands are Argentine."

    According to The Associated Press, Britain maintains about 1,000 troops in the territory, which is home to about 3,000 people.

    Lasting 74 days, the 1982?conflict ended with 258?British lives lost and?six ships sunk. The cost to Argentina was even greater: 649 killed with 11,313 others captured. Its navy lost a submarine, a cruiser and 75 fixed-wing aircraft.

    Some now wonder if the Royal Navy would be able to respond to a similar overseas crisis today.

    When?asked if Britain would be sending an aircraft?carrier to the Falklands during Prince William's military service, a spokesman for?the Ministry of Defense told NBC News: "No, we don't have one." HMS Ark Royal was decommissioned in March.

    The aircraft carrier Invincible, Britain's flagship vessel in the Falklands war, has been put up for sale to raise money in the face of impending military budget cuts. NBC's Brian Williams reports.

    The?Ministry of Defense spokesman pointed out the Falklands boast a "well-defended airfield with Typhoon aircraft."

    But Admiral Sandy Woodward, who commanded the task force that liberated the Falklands' British population from Argentine occupation in 1982, believes the?islands "are now perilously close to being indefensible."

    Major General Julian Thompson, the brigadier who led the initial British assault 30 years ago, told NBC News he believed?that if Argentina invaded the islands now, the U.K.'s military could not get them back without an aircraft carrier.

    He dismissed reinforcement by air instead of sea as "sheer nonsense."

    "We certainly won't get over-flying rights or basing facilities within range of the Falklands ? assuming the Argentines have taken the airfield and destroyed the Typhoons there," Thompson added.

    So how powerful is today's Royal Navy? Critics highlight that when Russian ships were?spotted off the Scottish coast last year, all Britain could send was the aging frigate HMS York to make an 800-mile journey from a base in England.

    Two under-construction aircraft carriers are behind schedule and won't be ready for about another decade.

    Bearing that in mind, might Argentina be prepared to move beyond rhetoric when Prince William's presence draws the world's attention to the Falklands beginning next month?

    One thing appears likely. Before his six-week tour of duty, William will have surely discussed the Falklands war with his uncle. Prince Andrew was?a helicopter pilot during the conflict.

    Source: http://worldblog.msnbc.msn.com/_news/2012/01/19/10189569-will-prince-williams-tour-of-duty-reignite-simmering-falklands-dispute

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    Friday, January 20, 2012

    SpaceX founder tweets about marital split

    Dave Hogan / Getty Images file

    Talulah Riley and Elon Musk strike a celebrity pose after their arrival at the Orange British Academy Film Awards ceremony held at London's Royal Opera House last February.

    By Alan Boyle

    Elon Musk, the founder of the SpaceX rocket venture and head of Tesla Motors, heralded the end of his?high-profile marriage to British actress Talulah Riley?last night?with a tragic tweet.

    "It was an amazing four years," Musk said in a Twitter?update addressed to Riley. "I will love you forever. You will make someone very happy one day."


    Musk, 40, and Riley, 26,?capped their relationship in 2010 with a storybook wedding in the same Scottish?castle where the singer?Madonna?was married to actor Guy Ritchie. (That marriage also ended in divorce, which could impact Skibo Castle's reputation as a wedding chapel.) Musk was just coming out of a messy divorce?from sci-fi novelist Justine Musk, his first wife and the mother of his five children. Riley, meanwhile,?was riding high after taking on notable roles in "Pride and Prejudice" and "St. Trinian's."

    Just a few months ago, Britain's Tatler magazine published an interview with the couple that?gave little hint of the breakup. Today, Musk told Forbes magazine's Hannah Elliott that he would "always be friends" with Riley but that?it was "far too difficult to stay married."

    "We took some time apart for several months to see if absence makes the heart grow fonder, and unfortunately it did not," Elliott quoted Musk as saying. "I still love her, but I?m not in love with her. And I can?t really give her what she wants."

    There's been no public?reaction from Riley, either in the press or on Twitter.

    Beyond the tabloids
    Now that we're done with the tabloid angle, I'll just note that Musk has more on his mind than his marital troubles: First, the timing for the demonstration flight of SpaceX's Dragon capsule to the International Space Station is currently in limbo. It had been scheduled for Feb. 7, but this week SpaceX said the launch would be delayed to address "a few areas that will benefit from additional work."

    For now,?SpaceX?isn't?specifying exactly which areas of the project could use some additional work, but the launch isn't expected to be delayed more than a couple of months.?"We will launch when the vehicle is ready," company spokeswoman Kirstin Brost Grantham said in?an emailed?statement.?

    The Dragon's launch on a Falcon 9 rocket would herald?a major milestone in the commercialization of orbital spaceflight. The current plan, which has to be?cleared not only by NASA but also by the Russians and other space station partners, calls for the unmanned capsule to approach within 1.5 miles (2.5 kilometers) of the orbital outpost, and then go into a holding pattern. If everything checks out, the Dragon would make another approach,?stopping just a few yards (meters) from a docking port. Then the station crew would use the robotic arm to pull the capsule in for a docking. After running through tests, the Dragon would undock and head back to an ocean?splashdown.

    A fully successful test would open the way for commercial cargo flights to the space station, and?give a boost to NASA's plans for commercial crew operations sometime in the latter part of this decade.

    Even as SpaceX?continues with preparations for?the launch, Musk has another "launch" coming up: the unveiling of Tesla Motors' all-electric Model X crossover vehicle, scheduled for Feb. 9.?The Model X, a minivan-SUV-type automobile,?is due to?join the Roadster and the Model S sedan as a Tesla offering in late 2013.

    More about Musk and his ventures:


    Alan Boyle is msnbc.com's science editor. Connect with the Cosmic Log community by "liking" the log's Facebook page, following @b0yle on Twitter or adding Cosmic Log's Google+ page to your circle. You can also check out "The Case for Pluto," my book about the controversial dwarf planet and the search for other worlds.

    Source: http://cosmiclog.msnbc.msn.com/_news/2012/01/18/10183009-spacexs-millionaire-founder-tweets-about-marital-split

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    Monday, January 9, 2012

    Book Giveaway! - 3 copies of Android Marketing eBook

    This is a discussion on Book Giveaway! - 3 copies of Android Marketing eBook within the Droid Development forums, part of the Droid Hacking category; Hi all. I'm giving away 3 copies of the book "Genius Android Marketing: Get Rich By Outsmarting the Android Market" by Jason Van Buiten. If ...

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    Sunday, January 8, 2012

    Windows 8 Recovery Made Easier With ?Good State? & ?Factory State?

    Microsoft is introducing new recovery options for Windows 8 that will allow users to?restore their systems with the push of a button. Microsoft has been constantly updating users on the progress of the Windows 8 platform through its official blog. The option for recovery comes as a measure to makes PCs more like smartphones and TVs. The two new features on Windows 8 are aimed to provide an easier way of recovery in case things go bad.

    Reset

    Windows 8 provides two ways to recover your PC, either you can switch back to ?good state? or reset your PC to ?factory state.? Microsoft wants to provide a consistent experience to get the software on back to a good and predictable state, with a faster performance. To achieve this, Windows?focuses on the concept of ?push button?,??a simple to use, predictable, and fast solution. Also, addressing the issue of??saving data before reinstallation and to make the process less time-consuming Windows 8 brings two solutions for the users, to Reset your PC or Refresh your PC.

    Refresh

    Resetting your PC will remove all personal data, apps, and settings from the PC, and reinstall Windows. Refreshing your PC keeps all personal data, Metro style apps, and important settings from the PC, and reinstall Windows. Reset?will completely wipe a system?s hard drive of all stored data and partitions, operating like a full re-installation.?Refreshing your PC, unlike?manually re-installing Windows, re-configures all the initial settings,with your user accounts and settings all preserved. All of your documents and data are preserved in the same locations as before.?Both recovery options can be accessed by users through the Windows 8 Recovery Environment (RE) maintenance tool.

    Source & Image Credit: Building Windows 8

    Source: http://www.crazyengineers.com/windows-8-recovery-made-easier-with-good-state-factory-state-1593/

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    Tax case against China's Ai Weiwei to get review (AP)

    BEIJING ? Outspoken Chinese artist Ai Weiwei says Beijing tax authorities have agreed to review their ruling that he pay a multimillion dollar fine for alleged tax evasion.

    The internationally acclaimed conceptual artist said Friday that tax officials informed him of the decision Wednesday by telephone and said the review would be completed within two months. Ai said he was hopeful that the case would be handled earnestly and transparently.

    Ai was detained for three months last year during an overall crackdown on dissent. Following his release, authorities demanded his design company pay 15 million yuan ($2.4 million) in back taxes and fines, a penalty interpreted by activists as punishment for his criticism of the authoritarian government.

    Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20120106/ap_on_re_as/as_china_ai_weiwei

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