| kxyuxanhpmc | Date: Saturday, 30 Nov 2013, 9:34 AM | Message # 1 |
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| Treasury Secretary Henry Paulson said Tuesday which he does not expect anymore major financial institutions to fail throughout the current credit crisis.Paulson also said he's no current offers to ask Congress to make the second half of the $700 billion financial rescue fund available prior to Bush administration leaves office on Jan. 20. But he added that this administration was happy to move quickly, if necessary, to tap the additional resources.In an interview on CNBC, Paulson said he believes the actions taken by financial authorities inside the U.S. and also other countries will allow every one of the systemically important institutions to stay viable.The administration has obligated almost all of the first $350 billion within the financial rescue package approved by Congress on Oct. 3. There had been speculation the Bush administration would request approval to begin with all the second $350 billion in the bailout bill before leaving office.Paulson said Tuesday he believed government entities had a "lot of firepower" at its disposal currently, such as the rescue program and multibillion-dollar loan programs being used by the Federal Reserve and the Federal Deposit Insurance Corp. to stabilize the banking system."I think as we have shown anything, we've shown that we know the best way to respond quickly to situations which come up," Paulson said. "I am devoted to it, but I think we have got what we need now."The Fed on Tuesday said it had reduced the government funds rate, the eye that banks charge one another, to a range of zero to 0.Twenty-five percent. That is down in the 1 percent target rate in effect since the last meeting in October. The aggressive move was greeted enthusiastically by Wall Street since the Dow Jones industrial average rose nearly 360 points.The Fed's lending balance sheet, that has been less than $1 trillion in September, is now expected to more than triple to $3 trillion, CBS News' Anthony Mason reports.The Fed is acting "spender of last resort" MKP Partners economist Michael Darda told Mason.Separately, the Treasury Department announced who's had provided an additional $2.45 billion in direct purchases of bank stock involving 28 more banks.The brand new group of banks provides 116 those that have received government support through stock purchases. The administration announced in mid-October that the stock purchases would be the major way it planned to use $250 billion of the rescue program. The quantity distributed to the banks up to now totals $167.76 billion, Treasury said.In their interview, Paulson said a high priority for his remaining weeks at work was making sure the transition for the incoming administration of President-elect Obama flows smoothing during what has turned out to be the country's most serious financial disaster since the 1930s.The Bush administration is continuing to look at ways to deal with the mortgage crisis, Paulson said, but we had not yet decided to implement an offer to try to boost housing activity by buying bonds and lowering mortgage rates to 4.5 percent.Paulson said he was spending a lot of time on the effort to fashion a government lifeline for your Detroit auto companies.The businesses that need government loans in order to avoid bankruptcy "will get the money as fast as we can prudently get it done," Paulson said. "We need to do it, but we must do it right."Paulson refused to invest exactly when the support in the government's $700 billion rescue program could be awarded to General Motors Corp., Chrysler LLC or Ford Motor Co., but said the administration is working to make sure the taxpayer remains safe and secure and that the companies present a reliable plan to achieve long-term viability. mulberry handbags sale uk
By CBS News' Farhan Bokhari, reporting from Islamabad, Pakistan. Leaders of Pakistan's two largest political parties who together won most of parliamentary elections on Monday, announced Thursday they're going to form a ruling coalition government to own the country's federal and 4 provincial governments. It was a substantial setback to Pervez Musharraf, the pro-U.S. ruler and Washington's main ally in the war on terror.After meeting with an hour in Islamabad, Nawaz Sharif, the first kind prime minister and leader of the Pakistan Muslim League - Nawaz (PML-N), and Asif Zardari, chairman from the Pakistan People's Party (PPP), announced their agreement in defiance of last-minute reports of efforts by pro-Musharraf politicians in order to avoid such a move. "We mean to stay together and stay together in the Parliament. We intend to strengthen Pakistan together," Zardari told reporters after his meeting with Sharif. Analysts warned their bond between the PML-N and the PPP will strengthen anti-Musharraf sentiment which can be already running high around the world. Monday's elections led to a large-scale rout of contestants through the Pakistan Muslim League - Quaid e Azam (PML-Q), the party whose leaders are thought closest to Musharraf. At least 23 former ministers from PML-Q who contested the elections lost their constituencies to opposition candidates.The elections were held for all of the 272 seats of the lower house of Parliament (called the National Assembly). The greatest party or coalition in that National Assembly will elect another prime minister of Pakistan. The PPP along with the PML-N have together won 154 (88 seats for the PPP and 66 for PML-N) of those 272 seats."Musharraf's future in Pakistani politics ended on Feb. 18 (the day of election when pro-Musharraf politicians lost across Pakistan). Now it is up to him to make a decision if he uses a dignified exit or perhaps an undignified one," said Asma Jehangir, Pakistan's prominent human rights lawyer, in a interview with CBSNews following the Sharif-Zardari announcement. While Musharraf has forged close ties with U.S. President George W. Bush, Western diplomats situated in Pakistan said there were limitations about the extent of U.S. support for him, especially as he loses his popularity fast across the country. Many Pakistanis are upset with Musharraf for systematically overseeing removing his critics, especially Iftikhar Chaudhry, former chief justice in the Pakistani Supreme Court. Chaudhry was replaced after Musharraf imposed a nationwide condition of emergency on November 3, 2007. Since that time, Chaudhry and his family are already kept practically under house arrest at his official home in Islamabad. Musharraf's popularity has also sunk due to fast-rising inflation, shortages of food commodities (especially flour), and frequent electricity shortages around the world.Chaudhry's removal took place as they was hearing difficult to Musharraf's controversial decision to own himself elected in October 2007 because the president while also serving as the chief of army staff.A senior Western diplomat addressing the announcement by PPP and PML-N said the subsequent government could systematically work to "undo many of Musharraf's legacies which will cause frictions." Talking with CBS News around the condition of anonymity, the diplomat said, "the danger is rather than focusing on vital matters for example the war on terror, Musharraf will probably be left fighting one political battle after another. Many people believe that since he (Musharraf) has been power for nine years, it might be time for him to step down."By Farhan Bokhari ugg ultimate
China opened its first-ever conference on AIDS Tuesday, promising to dedicate more resources to fighting the illness and to spread information in to the vast nation's every corner - from government officials in Beijing to residents with the tiniest villages.Greater than 2,700 participants from 20 nations - doctors, social policy experts, educators and Chinese government officials - come to mind in the four-day conference, that also will explore solutions to reduce other std's across the country.The goal: to slow the expansion of new infections to Ten % per year by 2005. Experts estimate which more than 600,000 Chinese - within a population of 1.26 billion - have been infected by HIV by the end of 2000."This is an possiblity to explore the way forward," Zhu Zhongshan, head of the Beijing Health Department, said in an address at the opening ceremony.Participants - from besuited bureaucrats to military men to stylish youths in black turtlenecks and leather - filled the Beijing International Convention Center together with the looped red ribbons that have come to symbolize the international fight against AIDS.Also in evidence: kiosks promoting everything from blood centrifuge machinery to sterilization equipment to condoms, advertised rather incongruously with outsized cartoons deployed near a substantial Chinese flag. In the auditorium, next to moody public-service ads depicting the risks of unprotected sex inside the big city, slides flashed China's new slogans: "AIDS: I care, would you?" and "Together, we are able to."AIDS has long been a reluctant subject in the Chinese government, critics say. But alarm over the disease's 30 percent annual growth rate is changing attitudes.In mid-August, Vice Health Minister Yin Dakui chided local officials for not recognizing the dangers of AIDS. China faces "a much more severe epidemic of HIV-AIDS," he warned at a rare news conference. And the official Xinhua News Agency described this week's conference as an effort to "spur vigilance against the disease in all corners of Chinese society."Peter Piot, executive director of UNAIDS, the Joint U.N. program on HIV/AIDS, praised china government's initiative as indicative of progress and "an important method to obtain hope for future reaction to the epidemic." But solid actions must follow good words, he said."It is probably not an exaggeration to say this is a historic event with regards to response to AIDS in China," Piot said. "But all of this is clearly inadequate yet. ... There is still a requirement to break the silence about Helps with all levels of society plus all places from the whole country."Needle sharing by intravenous drug users established the disease in China, along with the flourishing sex trade has fanned it, the government says. Officials also say health authorities did not protect the blood supply in some areas, causing the disease to spread from the countryside.The national conference, which runs through Friday, will discuss government plicies on prevention and treatment, health education and cooperation between different government departments.Speakers at the opening ceremony - and at a news conference afterward - stressed the importance of distributing information and described the media as a crucial player in such efforts. However, reporters were barred through the conference itself, reflecting China's continuing ambivalence in the efforts to halt multiplication of AIDS without causing itself embarrassment.That effort, participants said, now involves taking the health-care efforts not only to the streets, but into the offices of government officials hesitant to acknowledge the problem."What we'd like most at the moment is a better awareness of the urgency," said Dai Zhicheng, deputy director from the China Preventative Medicine Association, a non-governmental organization. "We must tell not merely leaders but people from all walks of life."© MMI The Associated Press. All Rights Reserved. This fabric may not be published, broadcast, rewritten, or redistributed mulberry filofax
This story was written by Bridgette Bonner, The Auburn Plainsman Political tension might be cut with a knife once the people disagreeing share exactly the same address.Roommates and first cousins Stewart Jackson, an Auburn Universityjunior in rehabilitation services, and John Delaney, a junior in political science, butted heads for the last few months on political issues. Jackson suits the 66 percent of young voters who supported Barack Obama Delaney agrees with the 31 percent that supported John McCain. Political surveys show abortion, the economy and immigration were the most important issues in the election. Jackson said his principal interest in choosing his presidential candidate was offshore oil drilling. McCain has big ties to grease companies, and it might be a if you scratch my back, Ill scratch yours situation, Jackson said. I think Obama will be harsher on oil companies as they does not have the same ties McCain does. But Delaney is made for offshore drilling. Have you thought to use the sources America has, rather than depending on other countries? Delaney said. It isn't good to rely on other nations up to we do for oil, and offshore drilling creates new jobs for Americans. Jackson and Delaney had heated debates in the months leading up to the election and fought about if you should watch CNN or Fox News. Regardless of how differently they felt, the two never held back. We said everything we wanted, and if the other one didnt enjoy it, he would have to get about that, Jackson said. Although Jackson and Delaney have different the thing it who would make a better president, i was told that the election hasn't affected their relationship. We will get into it, but at the end of the night, hes still our kids, Delaney said. Sorority sisters Shannon Donelson, a junior in communications, and Courtney Hutto, a sophomore in hotel and restaurant management, avoided the sensitive subject. McCain had my favorite interests in mind, especially involving his tax platform, Hutto said. Donelson voted for Obama because she likes how he linked to young voters and agrees with his policies on medical, the war and economics. Both agreed they felt like they were walking on eggshells around each other. When certainly one of us would make a comment concerning the election, things got awkward, so we immediately changed the subject, Hutto said. Donelson said there is some tension, but they didnt let politics get bewteen barefoot and shoes. Our friendship is a lot more important than who we supported within the presidential election or whether i was a Democrat or Republican. But politics can not be defined as simply the Republican or Democratic Party. Richard Force, a senior in economics, voted for Bob Barr, the Libertarian candidate. Forces roommate Jeff Diemer, a junior in geography, checked this area for Obama on his absentee ballot. Inside the Libertarian party, people have the freedom to do whatever they want, providing theyre not hurting anyone else, Force explains. Wheres the injury in that? Force believes Barrs policies would actually work, as opposed to Obamas policies. Developing a Democrat that proposes free health care and affordable housing for everybody leads to less available medical and housing in the long run, Force said. Diemer said Obama was far better McCain because McCain supported President Bush, there was no way he would certainly vote Republican after Bushs run inside the White House. Obama has a better understanding (than McCain) of hat the people are going through, Diemer said. They know what life is like for that average American. Force and Diemer discussed politics openly over the past few months. We said everything we wanted in front of the other person, Force said. The two can agree things will probably be interesting for the next four years. Nobody knows whats possible, Diemer said. It could be positive or negative, we dont know, but it will certainly be different. cheap bailey button ugg boots
A Trinidadian government justice official confirmed Tuesday the fourth man wanted inside the alleged JFK terror plot announced a week ago has surrendered, CBS News producer Phil Hirschkorn reports. Abdel Nur turned himself with this morning around 11 a.m., in accordance with the official. He said Nur was on his approach to a police station in Port du Spain, Trinidad, and could have a court appearance this morning.Nur, 57, is originally from Pakistan but is often a citizen of Guyana. He's the fourth man arrested inside the alleged plot, together with a former opposition person in Guyana's parliament and a former airport air cargo employee who was arrested in Ny.Nur is reportedly the uncle of former world welterweight boxing champion Andrew "Six Heads" Lewis, one of Guyana's most famous citizens.U.S. authorities claim the alleged plotters unsuccessfully sought support in Trinidad from Jamaat al Muslimeen, a radical Islamic group that staged a deadly coup attempt in the Caribbean nation in 1990.In addition to Nur, Trinidadian authorities are holding two suspects: Abdul Kadir, the former Guyanese lawmaker, and Kareem Ibrahim of Trinidad. These are fighting extradition to the United States.The other suspect named, Russell Defreitas, is former JFK air cargo employee who was simply arrested in The big apple. He is a U.S. citizen native to Guyana, a former Dutch and British colony for the northern coast of Brazilian.While the intent to inflict major damage was apparent, CBS News terrorism consultant Paul Kurtz said the boys were "a long way faraway from actually being able to carry out the plot."A senior federal official told CBS News on Sunday the U.S. government considered the JFK cell operational "in the experience that they were taking affirmative steps to advance forward with the planning" — undertaking surveillance, wanting to obtain funding — "but not meaning that they had the explosives already or had selected a date to strike."The leader of Jamaat al Muslimeen told The Associated Press on Monday that his group had no connection to the plot. "I don't know anything about these men and that i have nothing to do with what they have to are being charged for," said Yasin Abu Bakr, the longtime head of Jamaat al Muslimeen.Bakr may not say if he knew the suspects.The case was broken open by an informant — a twice-convicted drug dealer who found himself in the middle of what investigators called a terrorist plot conceived as more devastating than the Sept. 11 attacks."Would you love to die as a martyr?" the informant was asked, according to the indictment.He unhesitatingly replied yes and very quickly was making surveillance trips across the airport — the "chicken farm," because the planners dubbed their target.Authorities said the JFK scheme was an illustration of this homegrown terrorism. Defreitas, 63, immigrated on the U.S. a lot more than 30 years ago, but he told the government informant that his feelings of disgust toward his adopted homeland had lingered for many years."Before terrorism started in this country," he said in one secretly recorded conversation.Defreitas was arrested Friday night outside Brooklyn's Lindenwood Diner — a spot once bugged by federal officials tracking former Gambino family boss John A. "Junior" Gotti.Jamaat al Muslimeen, recognized for launching a bloody 1990 coup attempt in Trinidad that involved utilizing the prime minister and his Cabinet hostage, is just not accused of offering the suspects any support. The group, whose followers are largely black converts to Sunni Islam, has faded as a political force in Trinidad while Abu Bakr fends off criminal charges of inciting violence. ugg sale clearance
The government's case against a Marine charged with fatally shooting Iraqi civilians inside the town of Haditha lacks sufficient evidence to venture to a court-martial and should be dropped, a hearing officer determined.The murder charges were brought against Lance Cpl. Justin L. Sharratt for killing three Iraqi brothers in November 2005.Haditha can be a town of 70,000, in Anbar province, one's heart of the Sunni resistance, where, among the residents, anti-American passions run high, reports correspondent Scott Pelley. Within the months before Sharratt's unit arrived, other Marines there had suffered many of the heaviest causalities in all of Iraq, such as the bombing of an armored vehicle that killed 14 Marines. Days before that, six Marines in Haditha were ambushed, tortured and killed. The enemy wear it the InternetThe hearing officer, Lt. Col. Paul Ware, wrote inside a report released by the defense Tuesday those charges were based on unreliable witness accounts, insupportable forensic evidence and questionable legal theories. Also, he wrote that the case might have dangerous consequences around the battlefield, where soldiers might hesitate during critical moments when facing an attacker."The government version is unsupported by independent evidence," Ware wrote inside the 18-page report. "To believe the us government version of facts would be to disregard clear and convincing evidence to the contrary."Prosecutors allege Sharratt and other members of his battalion carried out a revenge-motivated assault on Iraqi civilians that left 24 dead from a roadside bomb killed a fellow Marine, Lance Cpl. Miguel Terrazas of El Paso, Texas.Sharratt contends the Iraqi men he confronted were insurgents and at least one was holding an AK-47 rifle as he fired at them.Together with Sharratt, two other enlisted men are charged with murder and four officers are accused of failing to investigate the incident — the largest single Iraqi civilian death case from the war. Sharratt's case is the first among the three involved in murder to go to a hearing referred to as an Article 32 investigation, the military same in principle as a grand jury."We reacted to the way you were supposed to respond to our training i did that on the best of my ability. The rest of the Marines that were there, they did their job properly as well," Sharratt's squad leader, Staff Sgt. Frank Wuterich, told CBS News' 60 Minutes in March."Whether it was a brave act of combat up against the enemy or tragedy of misperception born from conducting combat with the enemy that hides among innocents, Lance Corporal Sharratt's actions were in accord together with the rules of engagement and make use of of force," Ware wrote.He stated further prosecution of Sharratt could set a "dangerous precedent that ... may encourage others to bear false witness against Marines as a tactic to erode public support in the Marine Corps as well as mission in Iraq.""Even more dangerous will be the potential that a Marine may hesitate with the critical moment when facing the enemy," he stated.The recommendation to drop the murder charge is nonbinding. One last decision about whether Sharratt should stand trial will probably be made by Lt. Gen. James Mattis, the commanding general overseeing the situation.Prosecutors at Sharratt's preliminary hearing introduced several accounts from Iraqis nevertheless Sharratt had separated four men from your group of women and children and ordered them in a house. There, prosecutors said, he shot three of these and when he ran from bullets the squad leader Wuterich allegedly shot the 4th.Ware deemed the witness accounts and testimony given by other Marines unreliable.In the home in Canonsburg, Pa., Sharratt's family said the news was huge."That report is really a declaration of Justin's innocence," said Sharratt's mother, Theresa. "This is extremely, very good news."Defense attorneys James Culp and Gary Myers said within a statement that the report "reflected the price of the calm of the courtroom and the adversarial process."This will be the second time an investigating officer has recommended charges not carry on and trial in connection with the Haditha killings. When it comes to Marine lawyer Capt. Randy W. Stone, the investigating officer recommended Stone's dereliction of duty charge be addressed administratively. ugg short boots
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