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Thousands of Nasheed’s supporters put down tarpaulins and settled in at two main road junctions as they started a sit-down protest that brought Male to a standstill. Nasheed and parliament speaker Abdulla Shahid sipped tea with others in the crowd. Ahmed Khalid, 33, an artist at the protest, said: “The police are in control of this country. This is a coup.” Elections Commission member Ali Mohamed Manik said: “This is a dark day for democracy”. Nasheed, who came to power in the Maldives’ first free elections in 2008, looked set to return to office when he won the first round of an election on September 7, putting him in a good position to win a run-off vote set for September 28. But that election was canceled by the Supreme Court which cited fraud. International observers had said the election was free and fair. The court later ordered a fresh election by October 20 and a run-off by Nov 3, if required. The Supreme Court upheld that decision in an early-morning ruling on Saturday after a request by the election commission. There had been confusion over whether the election could go ahead as some candidates had still not signed a new voter register. The police said they would not support an election held “in contravention of the Supreme Court verdict and guidelines”.
But don’t break it. Reporter: The showdown left the republican party battered in the poles with party leaders placing the blame on senator cruz who kicked off the showdown with his 22 hour talk-a-thon last month against obama care. In an exclusive interview with abc news today cruz was as defiant as ever. You would do it again? I would do anything and i will continue to do anything i can to stop the train wreck that is obama care. I think our focus should not be on d.C. Politics. It should be on the people who are getting hurt. I got a question this because people hated this shutdown. They hated this impasse and this was seen as the ted cruz shutdown, you more than any single individual were seen as the one who triggered this crises to begin with. I agree that a lot of d.C. Politicians tried to call it that and the media did, too.
The United States Government Is Open for Business
– Nevertheless, public debt stabilisation at such elevated levels still render the US economy and public finances vulnerable to adverse shocks and in the absence of additional spending reform and revenue measures, deficits and debt will begin to rise again at the end of the decade. The U.S. is the most heavily indebted ‘AAA’ rated sovereign, with a gross debt ratio equivalent to double that of the ‘AAA’ median. RATING SENSITIVITIES The RWN reflects the following risk factors that may individually or collectively result in a downgrade of the ratings: – Failure by the government to honour interest and/or principal payments on the due date of U.S. Treasury securities would lead Fitch to downgrade the U.S. sovereign IDR to ‘Restricted Default’ (RD) until the default event was cured. We would also downgrade the rating of the affected issue(s) to ‘B+’ from ‘AAA’, the highest rating for securities in default in expectation of full or near-full recovery. Debt securities approaching maturity or those with approaching coupon payments would be vulnerable to a downgrade. The Country Ceiling would likely remain ‘AAA’. In the event of a deal to raise the debt ceiling and to resolve the government shutdown, which Fitch expects, the outcome of a subsequent review of the ratings would take into account the manner and duration of the agreement and the perceived risk of a similar episode occurring in the future. It would also reflect Fitch’s assessment of the following main factors: – The impact of the debt ceiling brinkmanship and government shutdown on our assessment of the effectiveness of government and political institutions, the coherence and credibility of economic policy, the potential long-term impact on the U.S. sovereign’s cost of funding and cost of capital for the economy as a whole, and the implications for long-term growth. – Our assessment of the prospects for further deficit-reduction measures in future years necessary to contain government deficits in the face of long-term spending pressures and place public debt on a downward path over the medium to long term. KEY ASSUMPTIONS Fitch continues to believe that an agreement will be reached to end the current political impasse and raise the U.S. debt ceiling.
As body ages, Jackie Chan longs for Hollywood’s full embrace
I think the film industry is growing but not everyone has the equipment. sSo you have to go through agencies. It’s as if we were flying here and had to ask Paramount: can we use your film crew?” That “Thula” was a small, crowdfunded, independent production didn’t matter. “To them we’re from LA we’re flying to South Africa,” said Talbot. Biggs notes that while there are strong tax incentives for studio pictures to pick up sticks and shoot in South Africa, the same breaks don’t exist for independent productions. Crowdfunding Lessons The budget for “Thula” came together in what is now the new old fashioned way: crowdfunding. While the team had worked together before on a web series–” Debt Collectors “–but like many indies on YouTube they have not been able to convert YouTube viewers into a large fan base. So when it came time to rally the budget that wasn’t a ready option. What they did have was each other. “One thing that I learned is that when you are doing crowdfunding it’s important to have a crew,” said Bland. “People are much more likely to look over a project when you are posting to social media with a link to your Facebook and Twitter.” Bland says the hardest thing is “trying to figure out ways to make your project stand out beyond the other 20 people who may be doing a crowdfunding campaign at that time on Facebook.” This is a problem that artists of all stripes face. Since many are part of artistic communities a kind of crowdfunding tunnel vision can set in. Everyone you know seems to be asking for cash, to the point where the same $20 is bouncing from project to project, with a little bit being taken off by the crowdfunding platform with each go.
Hollywood’s Scariest New Villain: Random, Floating Junk
Print Warner Bros; Lionsgate There is a new movie monster this fall, and the scariest part is that you never know how its going to get you. It might come hurtling at you at 20,000 miles per hour, or you might just wake up and find out it has destroyed your home while you slept. Its not a zombie or a vampire or a serial killer or a greedy war monger. Its not even a natural disaster. IfGravityandAll Is Lost, two movies currently in theaters, are any indication, the biggest threat to humanity right now is junk. InGravity, space debris from a Russian satellite system kills several astronauts and poses a recurring threat to our heroine, rookie astronaut Ryan Stone (Sandra Bullock). Director AlfonsoCuaron uses a deafening, threatening score to signify the debris arrival, much like horror directors do with their central villain. Further, the debris threatens to kill her in a manner more terrifying than any fictional monster, by sending her off to suffocate in a soundless, weightless void. Related Story The Spectacular Simplicity of Gravity J.C. ChandorsAll Is Loststrikes a far different tone with a similar threat. The films hero, known only as Our Man (Robert Redford), is on a solo voyage on his sailboat in the Indian Ocean when he wakes to the sound of water rushing in.
Baby boomers, who grew up going to the movies and account for 28 percent of the population, are certainly a big reason for the audience shift. Not only are audiences rooting for these women with their dollars, but more of those dollars are landing in the pockets of these women, as top film actresses in their 40s out-earn their counterparts in their 30s. Part of the reason is there are fewer shining stars in the generations that came after. “There is a vacuum. Hollywood is not producing movie stars today like it did 20 years ago,” Sharon Waxman, the founder and editor-in-chief of TheWrap, told ABC News. “And that leaves an opening for these women (in their 40s) from a business perspective as someone who has a built-in audience.” It also helps that some of these women look incredible. “Forty is the new 25 in Hollywood,” Waxman said. “We have these actresses who look incredible for any age. They have to appear on these screens in HD — and 3-D in Bullock’s case — and they totally stand the test of the camera.” Click through to read more about five actresses in their 40s who are hot in Hollywood right now. Warner Bros. 2013 Sandra Bullock “Gravity” is pretty much a one-woman show for Bullock, even with a weighty assist from George Clooney. Not only does she pull off an Oscar buzz-worthy performance but she flaunts her gravity-defying figure.
Role Reversal: Actresses Over 40 Top Hollywood
“I get hurt,” the actor said after 50 years of flips, kicks and punches. “It gets really tiring, not like it used to be.” The only real outward sign of aging in Chan are some crow’s feet around the eyes. He is obviously in great shape still, but won’t reveal his secrets for staying that way. But as Chan starts to enter his twilight years he laments how Hollywood typecasting may force him to begin using a stunt double for his acrobatic scenes as he believes Hollywood studios would never cast him in dramatic roles. “I hope the audience, after they say, ‘Jackie, that’s a double!,’ they forgive me,” Chan said in his trademark broad-grinned and animated style. “Then I can continue (my career) because poor me, nobody in Hollywood hires me to make a ‘Kramer vs. Kramer’ (or) like ‘Sound of Music’ – actually I’m a pretty good singer – and nobody hires me to do this kind of film,” Chan said, referring to the 1979 family drama and 1965 musical, both Oscar winners. “All we think about Jackie Chan: Chris Tucker, ‘Rush Hour’ one, two, and three … always action-comedy, action-comedy,” he said about the “Rush Hour” buddy-cop film series with comedian Chris Tucker that helped Chan cement his place in Hollywood 15 years ago. TURNED DOWN ‘INTERPRETER’ Chan has already added “dramatic actor” to his resume with the 2011 Chinese historical drama “1911″ about the revolution that overthrew China’s final imperial dynasty. “I really hope someday in Hollywood, some producer or director will hire me only to do drama,” Chan said. “I (would) really appreciate it.” But that is never going to happen, Chan believes.
27. (Hans Pennink, The Associated Press) Related Stories Larimer County authorities recover body from flood debris Colorado’s biggest flood relief concert may also be one of the biggest shows of the year. Promoters AEG Live and Live Nation have announced that Dave Matthews, the Fray, Big Head Todd and the Monsters, members of the Lumineers, Devotchka, Nathaniel Rateliff and others will team up for “Colorado Rising: A Benefit for Flood Relief.” That huge lineup comes to the 1stBank Center in Broomfield on Oct. 27. “Coloradans unite during crisis so does the music community. We are thrilled so many musicians are coming together for this flood relief benefit concert,” said Gov. John Hickenlooper in an AEG Live and Live Nation news release. All proceeds from the concert go to liveunitedcolorado.org . This flood benefit joins scores of local concerts across Colorado that have brought together musicians and the community to raise money for victims. This isn’t the first time Matthews has stepped up to the fundraising plate in Colorado. Matthews and the city of Denver along with local promoters, unions, vendors and others donated their services for a $1 million fundraiser for Hurricane Katrina relief efforts at Red Rocks Amphitheater in 2005. Tickets for the concert are $65-$125 and go on sale Friday.
Colorado flood-relief concert to feature Dave Matthews, Big Head Todd
Happily, the Ann Arbor Concert Band is happy to oblige, with Aaron Coplands Fanfare for the Common Man, anchoring a concert Sunday in Hill Auditorium. The program also includes two works by Vaughan Williams (Toccata Marziale and English Folk Song Suite), Holsts Hammersmith, Ives Variations on America, Hansons Chorale and Alleluia and Mannin Venn, by Wood. Founded in 1978 as the Ann Arbor Symphony Band by Victor Bordo and David Juillet, the Ann Arbor Concert Band has served as an ensemble for musicians wishing to perform wind band literature. The band has its roots in the Ann Arbor school system’s music program and continues a close relationship with it today. While they maintain an amateur status, “the standards of performance and organization are strictly professional,” according to their website. James Nissen conducts. Although rooted in the local area, the band also performs throughout the lower half of Michigan. Concerts are presented four to five times during the season, from September to May. The Ann Arbor Concert Band plays at 2 p.m. Sunday, Oct. 20 in Hill Auditorium, 825 N. University Ave. Tickets are $10-$5 (children 12 and under free). Tickets available at the door or in advance from band members. Details at www.aaband.org.
No comment from the NSA on Snowden’s claims was immediately available. U.S. officials have expressed grave concern that the files taken by Snowden might have fallen into the hands of foreign intelligence services. Some politicians and other observers have condemned him as a traitor. The New York Times said the interview with Snowden took place through encrypted online communications over several days in the last week. Snowden, 30, has been the source of disclosures that have appeared in newspapers around the world revealing that the U.S. government collects vast amounts of telephone and Internet records worldwide. President Barack Obama and U.S. intelligence officials have defended the surveillance programs, saying they are a legal and valuable tool that helps to thwart terrorist attacks. They say measures are in place to prevent the programs from being abused or trampling the privacy rights of Americans. Critics say the programs are excessive, have insufficient oversight, infringe on the constitutionally guaranteed rights of Americans, and do little to counter real terrorist threats. Russia has granted Snowden asylum for at least one year.
“The centre of gravity shifting east is becoming a reality,” Maria van der Hoeven, executive director of the International Energy Agency told Reuters on the sidelines of the World Energy Congress in South Korea. “They (China) would like to get oil from everywhere. Whether it’s by ship or, let’s not forget about Russia, by pipeline.” Net oil imports in the Asia-Pacific will rise to more than 25 million barrels per day (bpd) in 2035, close to current crude output in the Middle East, the Asian Development Bank said, giving a sense of the region’s rising demand. ASIAN DEMAND While Asia’s market grows, the United States, which has been for decades the world’s biggest market for oil and gas, could slash its oil imports by half by the end of 2020 from levels seen two years ago due to the shale oil and gas boom and improving energy efficiency, the IEA said. Gas producers in North America and Asian buyers are working on multi-billion dollar projects to liquefy the region’s abundant gas supply and ship the super-chilled fuel to the East. North America has already pushed Australia out of the top spot for new Asian investment in gas development, while several pipeline projects are being planned in Canada to send landlocked crude to Asia. Pipeline operator TransCanada Corp is participating in projects worth nearly C$14 billion ($13.5 billion) that aim to fill Asia’s fast-growing demand for Canadian oil and gas and could build more, Chief Executive Russ Girling said. “I would have never predicted that 24-36 months ago,” Girling said in an interview earlier this week. Russia, the world’s largest gas producer, also plans to open up liquefied natural gas (LNG) exports next year to meet growing demand from Asia-Pacific markets. The government plans to submit a bill in parliament on it soon. That comes after Russian producer Rosneft signed one of the biggest deals in the history of the global oil industry in June – a $270 billion pact to supply 365 million tonnes, or 300,000 bpd, of oil for 25 years. That would come on top of the 300,000 bpd Rosneft is already sending to China. MIDDLE EAST Middle East producers are competing hard among themselves and with other suppliers for the Asian market.
Edward Snowden Tells NYT He Took No Secret Files To Russia
Democrats and Republicans are still at a stalemate on funding for the federal government as the shutdown goes into eighth day. (Photo by Mark Wilson/Getty Images) Obama Press Conference U.S. President Barack Obama speaks during a press conference in the Brady Press Briefing Room at the White House in Washington, D.C., October 8, 2013, as the crisis over a U.S. government shutdown and debt ceiling standoff deepens on the 8th day of the shutdown. (Photo credit should read SAUL LOEB/AFP/Getty Images) CDC The federal Centers for Disease Control and Prevention stands behind a street sign marking the agency’s entrance, Tuesday, Oct. 8, 2013, in Atlanta. The government shutdown has slowed or halted federal efforts to protect Americans’ health and safety, from probes into the cause of transportation and workplace accidents to tracking the flu. (AP Photo/David Goldman) Grand Canyon Ahmed Alaawaj, of Libya, gets his photo taken by Juan Riaz, of Colombia ,at the Grand Canyon National Park entrance, Tuesday, Oct. 8, 2013, in Tusayan, Ariz. The friends traveled from Las Vegas to see the Grand Canyon unknowing it was shut down. The Grand Canyon remains closed to visitors because of the partial government shutdown. (AP Photo/Matt York) Grand Canyon The Grand Canyon National Park entrance is blocked off, Tuesday, Oct.
United States debt: the ugly reality
Cowen writes: The U.S. is experiencing ever greater economic inequality and the thinning of its middle class; Texas is already one of our most unequal states. Americas safety net is fraying under the weight of ballooning Social Security and Medicare costs; Texas safety net was built frayed. Americans are seeking a cheaper cost of living and a less regulated climate in which to do business; Texas has those in spades. And did we mention theres no state income tax? Cheap living is luring people to Texas along with jobs, he writes, saying Texas added 12 percent of all jobs nationwide with 274,700. The Americans heading to Texas and other cheap-living states are a bit like the mythical cowboys of our pastself-reliant, for better or worse, he writes. He acknowledges major downsides: Many Americans will have to downsize their living quarters involuntarily. People in the shrinking middle class who want to have more than one child may find the costs too high. There is no longer the expectation, much less the guarantee, that living standards double or even increase much with each generation. But its not all bad newsespecially if we take the right steps to prepare. The flood of Americans moving to Texas shows us where we need to focus our attention; what these migrants have found in Texas shows us ways many of our cities and states can improve. He says the public education system must be more rigorous, and other states also can incorporate some of the lessons Texas has to teach. He says states could deregulate building in order to lower costs (San Francisco needs to become more like Houston when it comes to zoning) and cut down on occupational licensing.
Egypt: Relations with United States in ‘turmoil’
I can see MPs like Honourable Amos Chibaya or Nyasha Chikwinya or Joseph Chinotimba being off-loaded a like bags of potatoes on the back of a huge green truck a to a howling Chikurubi. I suspect Comrade Chinotimba and his unique beard would make quite a sight dangling from one of the prison cages that has been half the home of Last Maingehama and Morgan Komichi for the last several months. I can see pork-faced MPs and their ill-dressed spouses lined up in Court A at the Harare High Court answering treason charges for defying the authority of the land. In earlier days, they would have just disappeared and their remains found at a farm in Goromonzi, arms cut to small sleeve and a wire running through them, inserted via the knowledge acquired from the Intarahamwe torture school. But back to the puzzling issue of the American budget crises. What is at play here is that in all most all countries, including Zimbabwe, Parliament has the sole say over the Consolidated Revenue Fund or the fiscus. Put in simple terms, the people a through their elected representatives, the Members of Parliament a decide what to do with their own money, the taxes that they pay to the State. So far so good. However, most countries of Westminster influence play lip service to the supremacy of Parliament in controlling the national pursue. In the case of Zimbabwe, the new Constitution in article 305 gives control of the Consolidated Fund to Parliament. But that control is not absolute. In Article 305 (5) it allows the Minister of Finance to present a supplementary Budget before parliament for approval.
The suspension, announced last week, came in response to the unrest in the wake of the July 3 military coup that ousted Mohammed Morsi, Egypt’s first freely elected president, and that led to the deaths of hundreds in police crackdowns. In an interview with state-owned Al-Ahram newspaper, Egypt’s Foreign Minister Nabil Fahmy said that there is “unrest in relations” between the two countries, warning that the strain could affect the whole Middle East region. The interview was published Wednesday. However, Fahmy said he was “not worried about this turmoil in relations,” because it’s also a chance for the two to “better evaluate their relationship in the future.” The Obama administration’s decision to cut off military aid was meant as a warning that it no longer can be “business as usual” with Cairo, as President Barack Obama put it last week. In announcing the decision, the State Department did not say how much of the $1.5 billion in annual military and economic aid to Egypt was affected. It held up the delivery of Apache helicopters, F-16 fighter jets, M1A1 Abrams tank kits, which are put together in Egyptian factories, and Harpoon anti-ship missiles. But the U.S. decision is more of a symbolic slap than a punishing wound to Egypt’s new military-backed government for its slog toward a return to democratic rule. The military-backed government enjoys the support of wealthy Gulf Arab states such as Saudi Arabia and the United Arab Emirates. These oil-rich states have poured billions of dollars into Egypt’s anemic coffers and to continue the common fight against Islamists. The U.S. also is withholding $260 million in cash assistance to the government in Cairo until “credible progress” is made toward an inclusive government set up through free and fair elections. The U.S.
Low fast-food wages come at high public cost, reports say
The Trussell Trust , which supports food banks that provide three days emergency supplies to people in need, said today 355,985 people had been helped between May and September this year, compared with 113,570 in the same period last year. It wrote to Prime Minister David Cameron requesting an inquiry. The level of food poverty in the U.K. is not acceptable. Its scandalous and it is causing deep distress to thousands of people, Trussell Trust Executive Chairman Chris Mould said in an e-mailed statement. The time has come for an official and in-depth inquiry into the causes of food poverty and the consequent rise in the usage of food banks. Food prices have risen by 12.6 percent more than inflation over the past six years, outstripping wages, and higher energy prices are likely to see more people forced to choose between eating and heating this winter, the charity said. Food-bank clients are giving back food items that need cooking because they cant afford to turn on the electricity, the trust said. There are twice as many food banks as last year, accounting for some of the increase in demand, the trust said, though well-established food banks are also reporting that theyre helping more people. Welfare Overhaul An overhaul of the welfare system has led more people to seek help, the trust said, with 117,442 people referred to food banks by agencies including the health service, social workers and police because of delays in welfare payments compared with 35,597 last year. Camerons spokesman, Jean-Christophe Gray, said the increase had been driven by the government axing restrictions on officials referring people to food banks and reflected a British tradition of charitable help for the poor. Use of the facilities increased 10 times under the Labour government that left office in 2010, he added. Its this government that has lifted the block on job centers being able to point people in the direction of the type of additional assistance that food banks provide, Gray told reporters in London . The U.K. has a proud tradition of voluntary and charitable organisations providing additional support alongside the welfare system. The previous government stopped job centers, where job seekers register for unemployment benefit and seek work, issuing vouchers for food banks because they said other help was available and they could not provide consistent support as they were unevenly distributed around the country.
Allegretto, lead author of the report by the university economists, which was paid for by Fast Food Forward, a group that supports walkouts by fast-food workers. It is a good thing that we have these work supports, but they should be a last resort. Those workers are left to rely on the public safety net even though the nations seven largest publicly traded fast-food companies netted a combined $7.4billion in profits last year, while paying out $53million in salaries to their top executives and distributing $7.7billion to shareholders, according to the second report, by the National Employment Law Project, a worker advocacy group. Fast-food industry representatives disputed the findings. Their restaurants offer a valuable entry into the workforce for millions of people, they said, including the 40percent who are students. These misleading efforts use a very narrow lens and selective data to attack the industry for their own purposes, and fail to recognize that the majority of lower-wage employees work part-time to supplement a family income, said Scott DeFife, executive vice president of the National Restaurant Association. The inclusion of the earned income tax credit shows just how misleading these efforts are, as it is a tax credit specifically designed for working families, not public assistance, and is used to inflate their numbers. But many others are trying to support households, advocates said. They pointed to the growing activism among fast-food workers, poorly paid employees of federal contractors and other low-wage workers who for the past year have been calling a series of small but growing number of one-day strikes. They are demanding pay raises to $15 an hour and an easier route to forming unions. The job actions are supported by organized labor groups, including the Service Employees International Union and Change to Win, which are lending staff and cash to the effort. The unions aim to increase pressure on lawmakers to raise the $7.25-per-hour federal minium wage while highlighting widening economic inequality. Tionnie Cross, 29, works at a McDonalds in Brooklyn, where she makes $7.35 an hour. Most weeks she is assigned no more than 28 hours, leaving her to rely on food stamps and government-sponsored health care to make ends meet, she said. I have a job, and Im broke, she said. It is really bad, because I dont want to depend on taxpayer money to survive. Fast-food industry representatives call the workers demands unrealistic. Raising wages for cooks, cashiers and drive-through window workers who are paid a median wage of $8.69 an hour, according to the report by the Illinois and Berkeley economists would ultimately cause these businesses to hire fewer workers overall, they argue.
Kayla Whiting, a spokeswoman atWal-Mart’s Bentonville,Arkansas, headquarters, pointed to Xerox as the source of the problem and referred further questions to Xerox. Xerox corporate spokesmanBill McKeeprovided a written company statement saying that Xerox has a “documented process for retailers likeWal-Martto follow in response to EBT outages.” But the statement left unclear who would cover the unauthorized spending, and it referred further questions toWalmart. Louisianaofficials said they had no intention of being left holding the bag. “The outage was the result of failures by our contractor, Xerox,” saidTrey Williams, a spokesman for theLouisianaDepartment of Children and Family Services. He said emergency procedures in place with Xerox allow retailers to call a phone number and receive authorization for purchases any time the EBT system is down. “Some retailers chose not to follow the process,” he said. “Those businesses are only being reimbursed for the (maximum) amounts on individual cards,” he said. Williams said that amounts transacted above the cards’ available balances were returned toWal-Martmarked “as insufficient funds.” He could not provide an estimate of the total amount of overspending or say who will cover it in the end. “That’s a conversation between Xerox and the retailer,” he said. CARTS FULL OF GROCERIES Springhill’s Lynd arrived at his town’sWalmartstoreat about 7 p.m. local time and found a few hundred shoppers jamming checkout lines with carts filled to overflowing. Lynd said he told the manager that the store had a right to refuse service, but the manager said she had contactedWal-Martheadquarters and was told to accept the cards. The shoppers “decimated the grocery section ofWalmart,” Lynd said. The shoppers broke no laws, Lynd said, adding that police intervention was not required to disperse the crowd. At about 9 p.m.,Walmartsaid that the glitch had been fixed and the EBT cards were again showing appropriate spending limits.
Food events in the Washington area
10 a.m.-noon. $25. Smith Center for Healing and the Arts, 1632 U St. NW. 202-483-8600. smithcenter.org . DIWALI MELA: A celebration with food, vendors, music and dancing. Noon-6 p.m. $21.95; $12.95 children ages 4-10. Indique Heights, 2 Wisconsin Circle , Chevy Chase. 301-656-4822. www.indiqueheights.com . EQUINE WINE FESTIVAL: Featuring the Winery at Olney, with food for sale, wagon rides and other activities. A portion of the proceeds goes the Potomac Valley Dressage Association Ride for Life in support of Johns Hopkins breast cancer activities. 11 a.m.-5 p.m.
the United States might be attacked by an “Asiatic enemy,” and by that presumably they meant the Japanese. How do we get troops as rapidly as possible across the country by such roads or railways as exist? So they assembled a convoy 3 miles long, and they trundled off westward as fast as they could. But of course west of Omaha there were no roads and bridges kept breaking, and it was a complete disaster. It took 58 days for them to reach San Francisco at an average speed of 5 1/2 miles an hour. Clearly, if there had been an invasion, it would have succeeded by then. And the conclusion that Eisenhower came to at the end was that America really needs a high-speed road system. To be united this country needs miles and miles of concrete. On radio’s role in bringing the country together Hugely important role. First of all it was Morse, then it was voice transmissions. The first radio station was above a record store, which still exists in Pasadena in Southern California.
It takes about 10 days to drill a well while years ago it took over 15 days. Part of the reason fracking is cost effective is because the oil futures markets have pushed the price of crude oil over $100 per barrel on the open market. Plus, only some of the fracking equipment has been shifted over from hunting for natural gas. High Gas Prices: A US Political Problem But you would assume since the United States now exports more oil than it imports that the economic rules of supply and demand should cause US gas prices to drop, right? Unfortunately, thats where localized markets and politics have kept gas prices high. Most of the surge in United States oil product has occurred in North Dakota, Wyoming, Colorado, and Oklahoma. Oil producers are fighting over limited oil pipeline capacity and are forced to use barges and trains, which increases the cost of domestic US oil by around $17 per barrel. But projects like the Keystone XL oil pipeline have been delayed by years due to politics. While the majority of countries have been greatly expanding their oil refining capabilities the United States has lagged behind. The last US oil refinery was built in 2008 , with the previous refinery going back to 1998. Fortunately, oil refining capacity has increased in existing refineries through upgrades or new construction but the United States still has to have a good percentage of its domestic oil refined in other countries . US refineries were also modified to take more heavy and sour crude from the Middle East and Canada, while our domestic oil requires refineries designed for light and sweet oil (meaning, lower density and sulphur content).
Egypt: Relations with United States in ‘turmoil’
Separated from the far eastern edge of the Russian empire by only the narrow Bering Strait, the Russians had been the first Europeans to significantly explore and develop Alaska. During the early 19th century, the state-sponsored Russian-American Company established the settlement of Sitka and began a lucrative fur trade with the Native Americans . However, Russian settlement in Alaska remained small, never exceeding more than a few hundred people. By the 1860s, the Russian-American Company had become unprofitable. Faced with having to heavily subsidize the company if an active Russian presence in the territory was to be maintained, the tsar and his ministers chose instead to sell to the Americans. Seeing the giant Alaska territory as a chance to cheaply expand the size of the nation, William H. Seward, President Andrew Johnson ‘s secretary of state, moved to arrange the purchase of Alaska. Agreeing to pay a mere $7 million for some 591,000 square miles of land-a territory twice the size of Texas and equal to nearly a fifth of the continental United States-Seward secured the purchase of Alaska at the ridiculously low rate of less than 2 an acre. Later myths to the contrary, most Americans recognized that Seward had made a smart deal with the Alaska Purchase. Still, a few ill-informed critics did not miss the opportunity to needle the Johnson administration by calling the purchase “Seward’s Folly” and “Seward’s Icebox,” or joking that the administration had only bought the territory to create new political appointments like a “Polar Bear’s Bureau” and a “Superintendent of Walruses.” Johnson’s opponents (who were trying to impeach him at the time) also succeeded in delaying approval of the $7 million appropriation. But after a year of squabbling, Congress approved the purchase, and Russia formally transferred control of the vast northern land to the United States. Within a few decades, Alaska would prove to be an amazing treasure trove of natural resources from gold to oil, proving Seward’s wisdom and exposing the shortsightedness of those who had once poked fun at the purchase. Fact Check We strive for accuracy and fairness. But if you see something that doesn’t look right, contact us!
The suspension, announced last week, came in response to the unrest in the wake of the July 3 military coup that ousted Mohammed Morsi, Egypt’s first freely elected president, and that led to the deaths of hundreds in police crackdowns. In an interview with state-owned Al-Ahram newspaper, Egypt’s Foreign Minister Nabil Fahmy said that there is “unrest in relations” between the two countries, warning that the strain could affect the whole Middle East region. The interview was published Wednesday. However, Fahmy said he was “not worried about this turmoil in relations,” because it’s also a chance for the two to “better evaluate their relationship in the future.” The Obama administration’s decision to cut off military aid was meant as a warning that it no longer can be “business as usual” with Cairo, as President Barack Obama put it last week. In announcing the decision, the State Department did not say how much of the $1.5 billion in annual military and economic aid to Egypt was affected. It held up the delivery of Apache helicopters, F-16 fighter jets, M1A1 Abrams tank kits, which are put together in Egyptian factories, and Harpoon anti-ship missiles. But the U.S. decision is more of a symbolic slap than a punishing wound to Egypt’s new military-backed government for its slog toward a return to democratic rule. The military-backed government enjoys the support of wealthy Gulf Arab states such as Saudi Arabia and the United Arab Emirates. These oil-rich states have poured billions of dollars into Egypt’s anemic coffers and to continue the common fight against Islamists. The U.S. also is withholding $260 million in cash assistance to the government in Cairo until “credible progress” is made toward an inclusive government set up through free and fair elections. The U.S. said it will keep providing support for health and education and counterterrorism, spare military parts, military training and border security and security assistance in the volatile Sinai Peninsula.
Credit: Reuters/Wolfgang Rattay FRANKFURT | Wed Oct 16, 2013 11:32am EDT FRANKFURT (Reuters) – A surge in UK auto sales and an extra working day boosted Europe’s new car market in September, giving evidence that demand may be slowly bottoming out after plumbing lows not seen in over 20 years. The European car market has been a prime casualty of the continent’s economic crisis as hard-pressed consumers defer purchases and a number of leading makers such as Peugeot (PEUP.PA) have been forced into radical restructurings. Automotive industry association ACEA said on Wednesday new car registrations in the European Union climbed 5.4 percent from a year ago to 1.16 million vehicles in September, only the third monthly gain in the past two years. The figures echo findings earlier this month that sales of new cars had grown in France and Spain during September. ACEA’s numbers showed the improvement was led by a 12 percent rise in sales in top market Britain to 403,000 vehicles, while sales in Germany shrank 1.2 pct to 247,000. The monthly total was still the second-lowest September figure since ACEA began gathering data for the 27 EU member states in 2003. Industry watchers have been looking for signs of recovery after the EU car market crashed to record lows in August. “The worst is behind us. The decline in sales has considerably slowed and we are now witnessing signs of recovery in demand,” said Peter Fuss, senior advisory partner at the Global Automotive Centre of accountants EY (formerly Ernst & Young). “The sales, however, continue to be artificially boosted by huge discounts and self-registrations by dealers,” Fuss added, referring to cars still held in showrooms. He warned it would take at least two years before the market was strong enough to grow on its own without the aid of incentives. BETTER GAUGE In a sign of recovery in the ailing euro zone periphery, car demand in Greece, Ireland and Portugal jumped by double-digit rates, albeit from depressed levels. For the first nine months of the year as a whole, ACEA said registrations in Europe still fell 4 percent from the year before to 9.33 million, on the back of weak demand in Germany, Italy and France – and in the Netherlands, where sales have plummeted 29 percent year-to-date. September volumes may be a better gauge of underlying trends than August, since the latter’s results are artificially depressed given many European car buyers are on holiday. It is also a crucial month for the UK market, since it accounts for about 18 percent of annual volumes.
debt default and bring an end to the government shutdown. European equities closed higher on Wednesday, paring earlier losses, as investors bet on an imminent deal in Washington to avert a U.S. debt default and bring an end to the government shutdown. IBEX 35 — The pan-European FTSEurofirst 300 Index provisionally closed up 0.1 percent, taking its lead from U.S. averages, which moved higher after Reuters reported that Senate negotiators were “very close” to announcing a deal . The Senate is likely to move “quickly” to pass the fiscal debt deal currently being negotiated, according to a Senate aide. Senate leaders are in talks with House leaders to find a way to win fast passage of the deal in both chambers. The New York Times reported that the deal is likely to be announced by midday, citing Senate aides. After the closing bell on Tuesday, Fitch credit rating agency placed the United States’ triple-A rating on “rating watch negative”, citing the debt ceiling gridlock. Italy announces budget In European news, the U.K’s jobless rate a key factor influencing the Bank of England’s interest rate policy held steady in the three months to August, but the number of people claiming unemployment benefits fell much more than expected. (Read More: UK unemployment steady but claimant count plummets ) Inflationary pressures in the euro zone continued to ease, data showed on Wednesday. Consumer price inflation for the 17 countries that use the single currency fell to 1.1 percent (year-on-year) in September, its lowest since February 2010, according to Eurostat. Car registrations in Europe posted a 5.4 percent (year-on-year) rise in September, highlighting a recovery in the continent, with impressive demand growth from southern European nations like Greece and Spain. (Read More: Southern Europe helps car registrations post recovery ) Italy’s government unveiled its 2014 budget law on Tuesday , in which it lowered the tax rate on labor.
Europe stocks close higher on hopes of US deal
A move elsewhere in Europe , such as an increase in his stake in Telekom Austria AG (TKA) , would also help him achieve his goal of expanding America Movil beyond Latin America . We probably expect them to increase their stake in another European operator, and the natural option would be Telekom Austria , said Carlos de Legarreta, an analyst at Corporativo GBM SAB in Mexico City. Europe is an attractive market, even if its being pressured by the slowing macro-economy. They are mature markets with a good return. Ziggo Takeover? Europes economic struggles have lured investors such as Slim and billionaire Li Ka-shing to hunt for bargains in the phone industry, where growing competition and tight regulation have squeezed profit margins. AT&T Inc., which owns 9 percent of America Movil, has also eyed investments in Europe, saying the continent is on the cusp of a boom in demand for high-speed wireless Internet service . KPN rival Ziggo NV (ZIGGO) has also deflected a foreign takeover attempt. The cable-television company, based in Ultrecht, Netherlands , said yesterday that shareholder Liberty Global Plc (LBTYA) made an inadequate offer for the rest of its shares, and its uncertain whether it will receive an improved bid. America Movil hasnt made a decision on what to do with its KPN stake and will study Dutch regulations to determine if its options are limited because of its withdrawn tender offer, said Arturo Elias , Slims spokesman. The company didnt drop its KPN bid to pursue another offer, and the decision isnt a negotiating ploy with KPN, he said. Our position is firm and serious, he said in a phone interview. Numerous Discussions In a statement, KPN said America Movils offer undervalued the company and didnt do enough to protect minority shareholders. The KPN boards werent able during their numerous discussions to obtain an acceptable proposal on the content, firmness, duration and enforceability of America Movils commitments to KPNs stakeholders, the company said. Speaking on a conference call today, Chief Executive Officer Eelco Blok wouldt comment on the price KPN was seeking during negotiations. There is of course a possibility that well get back at the table again, he said.
as well, which declared Long-Term Evolution network by AT&T as the fastest in the country. On the other hand, the prices charged by wireless providers in Canada are significantly higher than what is charged in the U.S. – the study says. U.S. providers like T-Mobile and Sprint still rule the market for those who have a tighter budget. The U.S. providers serve their customers with more value than what users get in Canada. PC Magazine is, ironically, based in New York . It notes that Rogers’ network provided 92Mbps speed in Vancouver, which is the highest in North America in the last 4 years. The consistency of the high speed is extremely consistent. The majority of Rogers’ service hours provided 8Mbps speed or higher, which is the current benchmark for broadband services by prominent wireless carriers.
EU says it hopes to conclude free trade deal with Canada in the “coming days”
Brennan Linsley/AP TORONTO (AP) — Former NHL star Joe Sakic was inducted into Canada’s Sports Hall of Fame on Wednesday night. Sakic helped the Colorado Avalanche win two Stanley Cup titles and is now the team’s executive vice president of hockey operations. He also won titles at the Winter Olympics, world hockey championship, World Cup of Hockey and world juniors. ”To play for your country, I got a chance to play with Wayne Gretzky and Mario Lemieux, and I wouldn’t have had that happen on my regular team,” Sakic said. ”Any time you put the Canadian jersey on, you just felt something more and something special. The game just seemed to mean a little bit more. We never took that for granted.” He was inducted along with Olympic champion curler Russ Howard, cyclist Alison Sydor, late five-time Paralympian Andre Viger and the 1992 Olympic champion women’s coxless four rowing team of Kirsten Barnes, Brenda Taylor, Jessica Monroe-Gonin, Kay Worthington and Jennifer Walinga. Former Canadian Amateur Hockey Association President Murray Costello and sport development architect Dr. Jean-Guy Ouellet entered as builders. Copyright 2013 Associated Press . All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. More NHL
Factory shipments sank 0.2 percent from July to a seasonally adjusted C$49.5 billion ($47.6 billion) in the month, dragged down by weakness in the vehicle assembly and food industries as well as an outsized drop in the small jewelry and silverware sector, Statistics Canada said on Wednesday. Analysts surveyed by Reuters had predicted a 0.2 percent gain in August. Eleven of 21 industries registered setbacks. The volume of sales, used in calculating gross domestic product, fell 0.3 percent. The report suggests manufacturing will contribute little to monthly GDP and supports the Bank of Canada’s move to downgrade its growth forecast for the third quarter to between 2.0 and 2.5 percent from 3.8 percent, annualized. “Manufacturing has stagnated in 2013 and not much positive momentum should be expected over the balance of the year as the prospects of a healthy recovery in the U.S. into the fourth quarter look precarious,” said Mazen Issa, an economist with TD Securities. After weeks of bitter fighting, U.S. lawmakers prepared on Wednesday to put forth a proposal to raise the debt limit and reopen a partially shuttered government in hopes of avoiding a historic default which could throw the economy back into recession. Canada sells about 75 percent of its exports in the United States. “Even if a short-term deal is brokered to extend the deadline into early next year, uncertainty will hang in the balance leaving the Canadian manufacturing industry in limbo,” Issa said in a note to clients. Year on year, sales were up by just 0.3 percent in current dollar terms and down 2.1 percent in volume. Growth in the Canadian economy has disappointed this year, Bank of Canada Governor Stephen Poloz said on Friday, and August trade data released last week showed exports were still not providing the much-wanted boost in the third quarter. Factory sales and exports both remain below their pre-recession peaks.
UPDATE 2-Canada factory sales slip, weigh on August growth
Helderman The Senate and House approved legislation to raise the debt limit and end the federal shutdown. Zachary A. Goldfarb The deal to reopen the government and raise the debt ceiling prolongs uncertainty and dodges tough issues. More business news Discussions are indeed continuing at the highest level between the EU and Canada towards a comprehensive free trade deal (CETA) with the hope to conclude the negotiations in the coming days, EU Trade spokesman John Clancy said in an email. Harper posted on his official Twitter account that Canada will soon complete negotiations. A spokesman for Harper said the prime minister will fly to Brussels on Thursday. An agreement-in-principle is expected to be concluded Friday by Harper and European Commissioner Jose Manuel Barroso. Yves Leduc, director of international trade for the Dairy Farmers of Canada, said hes been told by a Canadian government official that an agreement in principle has been reached and that the European Unions 28 members and Canadas 10 provinces have to approve it. Canada has agreed to permit a doubling of the EU quota on cheese exports to Canada in exchange for greater access for Canadian beef and pork producers. Leduc said Canadas cheese industry is angry because it threatens the fine cheese market in Canada. For the dairy farmers of Canada this is a deal that is unacceptable. Were more than disappointed, Leduc said.