Sunday, December 11, 2011

Newsvine - World Headlines: Shaw Capital Management Daily World Headlines by Shaw Capital Management

Shaw Capital Management reports: European leaders battled to help restrict the destruction Wednesday since worldwide markets plunged with the possibility of the Greek referendum within the eurozone debt recovery program decided just with remarkable difficulty a week ago.
The uncertainty observed a number of European markets decline by 5.0% or even more on Tuesday and forced borrowing rates irritatingly around record ranges for Italy, as their economy is definitely offering reason to be concerned in the eurozone.
Asian markets had been in addition lower during the early trade Wednesday.
Greek Prime Minister George Papandreou’s determination to keep the confidence vote Friday thereafter about the debt deal wrong footed EU leaders who labored tough to placed the recovery deal together a week ago.
French leader Nicolas Sarkozy stated this referendum call have “surprised all of Europe.”
And the man put in: “France reminds everyone that the accord adopted… unanimously by the 17 member states… is the sole possible way to resolve Greece’s debt problems.
“Giving people a voice is always legitimate but the solidarity of all the eurozone countries is not possible unless each one agrees the measures deemed necessary,” Sarkozy explained.
France and Germany, he mentioned, had set up a conference Wednesday along with Papandreou prior to the beginning of the G-20 summit in Cannes on Thursday.
In addition likely to be a part of talks with the Greek premier are EU president Herman Van Rompuy, European Commission president Jose Manuel Barroso, eurozone chief Jean-Claude Juncker, and International Monetary Fund managing director Christine Lagarde.
So there, they will talk about “the conditions under which the engagements undertaken will be kept,” Sarkozy included.
US president Barack Obama’s spokesperson Jay Carney stated the uncertainness brought on by Greece’s move confirmed the necessity for quick execution of the eurozone deal.
Yet he adds on: “It remains the case that the Europeans have the capacity to deal with this crisis and they need to implement the very important decisions they made last week to provide a conclusive resolution to it.”
Papandreou’s astound offer put Italy back in the firing line, elevating concerns that could go along with Greece, Ireland and Portugal in seeking a bailout which the contagion can propagate even more, to Spain.
Italian Prime Minister Silvio Berlusconi, in a telephone call along with German chancellor Angela Merkel, assured to consider speedy measures about the economic reforms long searched for through his European companions, his office explained.
“There is no doubt the Greek decision… is having a negative effect on the markets,” Berlusconi explained. “This is an unexpected decision that generates uncertainties.”
Italian stock market shut down 6.80% Tuesday along with bank shares in free fall, from the worst period ever since the start of the global financial trouble in 2008.
Credit interest rates however increased to over 6.0%, getting close to amounts that many experts feel can’t be maintained for a long time.
Papandreou, at a short call to Merkel, mentioned the referendum might “strengthen the country in the eurozone and globally”.
Yet with the close of trade Tuesday, Greek stocks had decreased by 6.92%.
In the combined declaration, Van Rompuy and Barroso stated that they had full trust in Greece to “honor the commitments undertaken.”
But some other leaders talked disappointment they were definitely not well informed regarding this package at last week’s talks.
Belgium’s Prime Minister Yves Leterme mentioned Papandreou said nothing at this entire plan while in last week’s summit.
“The Greeks have a right to a prospect of a better future, but they must also be aware that this is no longer a purely internal Greek problem,” the man explained.
Spain’s government spokesperson Jose Blance reported the referendum’s choice has been “not a good decision for Europe and not a good decision for Spain either.”
Japan’s finance minister Jun Azumi stated Wednesday: “Greece’s abrupt announcement on holding a referendum, which was not included in (the earlier agreed deal), has confused people.”
Eurogroup chief, Luxembourg Prime Minister Jean-Claude Juncker, claimed the consequence of an unsuccessful referendum might trigger insolvency for Athens.
And World Bank president Robert Zoellick referred to this referendum like a “roll of the dice.
“If it passes that could be a positive signal for people. If it fails, it’s going to be a mess,” he explained.
A ‘No,’ vote on the referendum would likely scupper an offer to chop Greece’s debt in excess of €350 billion ($495 billion) by almost €100 billion although recapitalizing banking institutions that will require a 50% deficit on their own holdings of Greek government debt.
Though Papandreou got unanimous support coming from his cabinet earlier Wednesday, some Socialist deputies had previously denounced the program, having one giving up the actual parliamentary party to combat this.
This results in the Socialists with only 152 deputies from the 300-seat parliament, producing the results of Friday’s confidence vote definitely not sure.
Earlier stock trading in Asia Wednesday resembled the particular feeling of uncertainness.
Tokyo has been lower 1.73%, Sydney dropped 0.74%, and Seoul loses 1.26% while Hong Kong has been out 0.92% by lunchtime and Shanghai shed 1.0%.
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World Headlines : Shaw Capital Management Daily World - shaw capital management - Zimbio

Shaw Capital Management reports: European leaders battled to help restrict the destruction Wednesday since worldwide markets plunged with the possibility of the Greek referendum within the eurozone debt recovery program decided just with remarkable difficulty a week ago.
The uncertainty observed a number of European markets decline by 5.0% or even more on Tuesday and forced borrowing rates irritatingly around record ranges for Italy, as their economy is definitely offering reason to be concerned in the eurozone.
Asian markets had been in addition lower during the early trade Wednesday.
Greek Prime Minister George Papandreou’s determination to keep the confidence vote Friday thereafter about the debt deal wrong footed EU leaders who labored tough to placed the recovery deal together a week ago.
French leader Nicolas Sarkozy stated this referendum call have “surprised all of Europe.”
And the man put in: “France reminds everyone that the accord adopted… unanimously by the 17 member states… is the sole possible way to resolve Greece’s debt problems.
“Giving people a voice is always legitimate but the solidarity of all the eurozone countries is not possible unless each one agrees the measures deemed necessary,” Sarkozy explained.
France and Germany, he mentioned, had set up a conference Wednesday along with Papandreou prior to the beginning of the G-20 summit in Cannes on Thursday.
In addition likely to be a part of talks with the Greek premier are EU president Herman Van Rompuy, European Commission president Jose Manuel Barroso, eurozone chief Jean-Claude Juncker, and International Monetary Fund managing director Christine Lagarde.
So there, they will talk about “the conditions under which the engagements undertaken will be kept,” Sarkozy included.
US president Barack Obama’s spokesperson Jay Carney stated the uncertainness brought on by Greece’s move confirmed the necessity for quick execution of the eurozone deal.
Yet he adds on: “It remains the case that the Europeans have the capacity to deal with this crisis and they need to implement the very important decisions they made last week to provide a conclusive resolution to it.”
Papandreou’s astound offer put Italy back in the firing line, elevating concerns that could go along with Greece, Ireland and Portugal in seeking a bailout which the contagion can propagate even more, to Spain.
Italian Prime Minister Silvio Berlusconi, in a telephone call along with German chancellor Angela Merkel, assured to consider speedy measures about the economic reforms long searched for through his European companions, his office explained.
“There is no doubt the Greek decision… is having a negative effect on the markets,” Berlusconi explained. “This is an unexpected decision that generates uncertainties.”
Italian stock market shut down 6.80% Tuesday along with bank shares in free fall, from the worst period ever since the start of the global financial trouble in 2008.
Credit interest rates however increased to over 6.0%, getting close to amounts that many experts feel can’t be maintained for a long time.
Papandreou, at a short call to Merkel, mentioned the referendum might “strengthen the country in the eurozone and globally”.
Yet with the close of trade Tuesday, Greek stocks had decreased by 6.92%.
In the combined declaration, Van Rompuy and Barroso stated that they had full trust in Greece to “honor the commitments undertaken.”
But some other leaders talked disappointment they were definitely not well informed regarding this package at last week’s talks.
Belgium’s Prime Minister Yves Leterme mentioned Papandreou said nothing at this entire plan while in last week’s summit.
“The Greeks have a right to a prospect of a better future, but they must also be aware that this is no longer a purely internal Greek problem,” the man explained.
Spain’s government spokesperson Jose Blance reported the referendum’s choice has been “not a good decision for Europe and not a good decision for Spain either.”
Japan’s finance minister Jun Azumi stated Wednesday: “Greece’s abrupt announcement on holding a referendum, which was not included in (the earlier agreed deal), has confused people.”
Eurogroup chief, Luxembourg Prime Minister Jean-Claude Juncker, claimed the consequence of an unsuccessful referendum might trigger insolvency for Athens.
And World Bank president Robert Zoellick referred to this referendum like a “roll of the dice.
“If it passes that could be a positive signal for people. If it fails, it’s going to be a mess,” he explained.
A ‘No,’ vote on the referendum would likely scupper an offer to chop Greece’s debt in excess of €350 billion ($495 billion) by almost €100 billion although recapitalizing banking institutions that will require a 50% deficit on their own holdings of Greek government debt.
Though Papandreou got unanimous support coming from his cabinet earlier Wednesday, some Socialist deputies had previously denounced the program, having one giving up the actual parliamentary party to combat this.
This results in the Socialists with only 152 deputies from the 300-seat parliament, producing the results of Friday’s confidence vote definitely not sure.
Earlier stock trading in Asia Wednesday resembled the particular feeling of uncertainness.
Tokyo has been lower 1.73%, Sydney dropped 0.74%, and Seoul loses 1.26% while Hong Kong has been out 0.92% by lunchtime and Shanghai shed 1.0%.
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World Headlines: Shaw Capital Management Daily World Headlines by Shaw Capital Management | Facebook




 
Opinion Writer

By David Ignatius, Published: September 7
 As America takes stock of its counterterrorism policies this week, it’s useful to review two major recommendations in the 9/11 Commission Report.
The first, which called for creation of a new director of national
intelligence to “connect the dots,” is finally making some progress in
coordinating the 17 agencies of the intelligence community.
But the commission’s second big proposal, urging Congress to reform itsintelligence oversight procedures,
unfortunately has gone nowhere. It seems members remain addicted to
petty politics, even when it comes to reforms demanded in the name of
Sept. 11 victims. We’ll get to that later.

Let’s look first at the performance ofJames Clapper,
a retired Air Force lieutenant general who is the fourth director of
national intelligence since the position was established in 2005. The
turnover suggests the difficulties defining the job. Too often, it
produced layering and turf battles. For example, Clapper’s predecessor,
retired Adm. Dennis Blair, was ousted after a self-destructive campaign to challenge CIA Director Leon Panetta.
Clapper, a goateed, wisecracking 70-year-old veteran of the
intelligence community, had no interest in jousting with the CIA. He had
run two Pentagon intelligence agencies and saw the DNI job as
coordination — a sort of intelligence version of the Office of
Management and Budget — rather than line management. Like his mentor,
former defense secretary Bob Gates, he’s fond of saying, when facing
bureaucratic obstacles, “I’m too old for this [expletive]!”
Clapper botched several early media appearances, misstating or
appearing unaware of major developments — not altogether surprising for
someone who had spent his career staying out of the limelight. But he
got strong reviews from the White House: Recognizing that President
Obama was a voracious reader, he revamped the morning intelligence
briefing so it wasn’t a rehash of the written “President’s Daily Brief” and would better meet Obama’s needs. White House officials say it was a welcome change from Blair’s briefing style.
More important, Clapper began to tackle the real problem the DNI job
was supposed to fix — the sprawling morass of the intelligence
community. He started by trimming some of the waste in his own shop,
which he thought had become a “Christmas tree” hung with ornaments from
Congress or other agencies.
Like Gates at Defense, Clapper showed he was actually willing to kill
programs and replace people. He dumped the incumbent deputy director
and chief information officer in favor of two stars he brought over from
the CIA. He sent one technical function back to the National Security
Agency and transferred an ill-definedNational Intelligence University to
the Pentagon. He trimmed the roster of deputy directors for national
intelligence from four to one, and he cut the ODNI staff to 1,600 from
about 2,000, with more cuts to come.
The heart of Clapper’s integration effort is a new team of “national
intelligence managers,” who drive collection and analysis in 17 subject
areas. The model for this sort of fusion is the Joint Special Operations Command —
which can conduct a raid at midnight, say, and analyze and exploit the
intelligence quickly enough to conduct another raid at dawn. Clapper
wants this kind of agility in the intelligence community as a whole.
The “NIMs,” as they’re called, just settled into their offices a
floor below Clapper at the DNI’s headquarters near Tysons Corner. The
new structure meant the demotion of the analysts who serve as “national
intelligence officers,” and several NIOs have quit in protest. Combining
supervision of collection and analysis makes sense, but the NIM project
needs strong follow-through.
More efficiencies are on the way as a shrinking intelligence budget
forces further consolidation. Look for joint information-technology
infrastructure across agencies, for starters; some planned
overhead-surveillance systems may also be axed, including ones that
intelligence professionals regard as “congressional ‘pet rocks.’?”
Now contrast Clapper’s push for integration with the refusal of
Congress to do the same thing in oversight of intelligence, as the 9/11
Commission recommended. Rather than consolidate authorization and
appropriation in the House and Senate intelligence committees, as urged,
the two remain separate. Worse, the intelligence budget remains hidden
in the budgets for the Defense, Treasury, State and other departments.
These buried budgets don’t make sense anymore, when the unified
national intelligence budget is a matter of public record. The Senate
intelligence committee did recommend moving to a single intelligence
appropriation for 2010, but this failed on the floor: Congress holds on
to the old system to preserve its traditional turf.
“Congressional oversight for intelligence — and counterterrorism — is
now dysfunctional,”the 9/11 Commission Report said. Oversight has
improved modestly during the past seven years, but none of the
commission’s major recommendations on Congress has been adopted. As the
10th anniversary of the attacks approaches, that’s a scandal.
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World Headlines: Shaw Capital Management Daily World Headlines by Shaw Capital Management : Livejournal

wallyyamaguchi
DATE: MON July 18, 2011
Carmageddon 405 highway shutdown_20110715093221_JPG
California 405 highway shutdown. (MyFox LA)
(NewsCore) – LOS ANGELES — A man and a woman took advantage of Los
Angeles’ unusually quiet freeways to lead police on a wild car chase
late Saturday, the Los Angeles Times reported.
The pair took off in a black Hyundai after authorities attempted to
conduct a routine drunk-driving stop in the San Fernando Valley, the Los
Angeles Times reported.
The driver avoided the 405 freeway — closed until Monday for major
works — but hit several other major roads and traversed two counties,
burning rubber at speeds up to 85mph (140kph).
A lack of motorists across the city — the result of the high-profile
“Carmageddon” campaign by local authorities — gave the fugitives plenty
of room to maneuver. They were seen dumping white bags out the car’s
windows as the chase progressed, a California Highway Patrol officer
said.
The pursuit began at around 8:00pm local time Saturday and ended
about three hours later after police put down a spike stripe on
Interstate 5. The two suspects were taken into custody, KCAL-TV
reported.
The chase was the most dramatic episode in an otherwise quiet two
days on the city’s roads. Authorities said early Sunday that
“Carmageddon” had been so successful that the 405 could reopen ahead of
schedule.
Read more: Los Angeles Times
When you’re on the go, get the latest news from myfoxatlanta with our iPhone, Droid or Blackberry apps. Click here to find out more about how to get myfoxatlanta on your mobile phone.
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