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November 25, 2011

Triple bombings in south Iraq kill 19, injure 64

Filed under: finance, marketing — Tags: , , , — Gladiator @ 1:04 pm

A string of bombings in a southern oil city killed 19 people Thursday evening and injured dozens more, a grim sign of the security challenges Iraq will face after American troops go home.

The U.S. military is drawing down its troops ahead of an end-of-December deadline to have all American forces out of the country. Incidents like Thursday’s triple bombing in a city seen as key to Iraq’s economic development show the dangerous prospects awaiting Iraqis next year.

Three bombs went off in a popular open-air market in Basra, police and health officials said.

The third bomb exploded a few minutes after Iraqi army and police forces arrived on the scene in response to the earlier blasts, officials said. The third blast caused all the fatalities and almost all of the injuries, the officials said.

Among the dead and wounded were many policemen and Iraqi army soldiers.

The police officials spoke on condition of anonymity because they were not authorized to speak to reporters.

Kamal Ali was working at a clothing shop across the street when the blasts went off. He said after the first explosion, bystanders rushed to help the victims. When another blast went off about five minutes later, the terrified people ran to escape.

Then police and soldiers rushed to the scene before the third and most deadly bomb went off.

“Most of the casualties are police and Iraqi troops who rushed to help the victims and cordoned off the scene no fax pay day loan. They sacrificed their lives for the poor people,” Ali said.

The head of the Basra provincial council, Ahmed al-Sulaiti, confirmed the incident.

“We can’t blame the security forces for this act. They were the people most hurt,” he said by telephone from Basra.

Basra is about 340 miles (550 kilometers) southeast of Baghdad It is considered the center of Iraq’s burgeoning oil sector.

Many foreign oil companies have offices there. The country is relying on foreign companies to bring the money and expertise needed to develop Iraq’s vast oil sector, which has been ravaged by war, sanctions and neglect.

There was no immediate claim of responsibility for the bombings, and it was not clear whether it was the work of Sunni extremists like al-Qaida, or by Shiite militias. Sunni militants often stagger their blasts in order to cause the most carnage, and they often target security officials, whom they see as propping up the Shiite-led government.

The area where the blasts occurred is also a stronghold for Shiite militia members, who have been known to use violence as they jockey for power and control.

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Associated Press writers Mazin Yahya and Rebecca Santana in Baghdad contributed to this report.

Source

November 22, 2011

Egypt Cabinet offers to resign but protests go on

Filed under: money, online — Tags: , , , — Gladiator @ 7:08 am

Egypt’s civilian Cabinet offered to resign Monday after three days of violent clashes between demonstrators and security forces in Tahrir Square, but the action failed to satisfy protesters deeply frustrated with the new military rulers.

The Health Ministry and a doctor at an improvised field hospital on the square said at least 26 people have been killed and 1,750 wounded in the latest violence as activists sought to fill the streets for a “second revolution” to force out the generals who have failed to stabilize the country, salvage the economy or bring democracy.

Throughout the day, young protesters demanding the military hand over power to a civilian government fought with black-clad police, hurling stones and firebombs and throwing back the tear gas canisters being fired by police into the square, which was the epicenter of the movement that ousted authoritarian leader Hosni Mubarak.

By midnight tens of thousands of protesters were in the huge downtown square.

The clashes have deepened the disarray among Egypt’s political ranks, with the powerful Muslim Brotherhood balking at joining in the demonstrations, fearing that turmoil will disrupt elections next week that the Islamists expect to dominate.

The protests in Tahrir and elsewhere across this nation of some 85 million people have forced the ruling military council as well as the Cabinet it backs into two concessions, but neither were significant enough to send anyone home.

The council issued an anti-graft law that bans anyone convicted of corruption from running for office or holding a government post, a move that is likely to stop senior members from the Mubarak regime from running for public office.

Hours later, the Cabinet of Prime Minister Essam Sharaf submitted its resignation to the council, a move that was widely expected given the government’s perceived inefficiency and its almost complete subordination to the generals.

Protesters cheered and shouted “God is great!” when the news arrived of the Cabinet resignation offer, but they almost immediately resumed their chant of “The people want to topple the field marshal” _ a reference to military ruler Field Marshal Hussein Tantawi.

“We are not clearing the square until there is a national salvation government that is representative and has full responsibility,” said activist Rami Shaat, who was at the site.

The council released a statement late Monday calling for a national dialogue to “urgently study the reasons for the current crisis and ways to overcome it.”

The statement, carried by Egypt’s state news agency, said the military deeply regrets the loss of life and has ordered the Justice Ministry to form a committee to investigate the incidents of the past few days. The military said it ordered security forces to take measures that would protect demonstrators, who have the right to peaceful protest.

White House spokesman Jay Carney said the United States was deeply concerned about the violence and urged restraint on all sides so Egypt could proceed with a timely transition to democracy.

U.N. Secretary-General Ban Ki-moon also deplored the loss of life and called on authorities “to guarantee the protection of human rights and civil liberties for all Egyptians, including the right to peaceful protest,” U.N. spokesman Martin Nesirky said.

Amnesty International harshly criticized the military rulers in a new report, saying they have “completely failed to live up their promises to Egyptians to improve human rights.”

The London-based group documented steps by the military that have fallen short of increasing human rights and in some cases have made matters worse than under Mubarak.

“The euphoria of the uprising has been replaced by fears that one repressive rule has simply been replaced with another,” according to the report, issued Tuesday.

The report called for repeal of the Mubarak-era “emergency laws,” expanded to cover “thuggery” and criticizing the military. It said the army has placed arbitrary restrictions on media and other outlets.

Egyptian security forces have continued to use torture against demonstrators, the report said, and some 12,000 civilians have been tried in military trials, which it called “unfair.”

In many ways, the protests in Tahrir bore a striking resemblance to the 18-day uprising that toppled Mubarak. The chants are identical, except that Tantawi’s name has replaced Mubarak’s.

“The people want the execution of the marshal,” protesters screamed Monday. The hallmark chant of “erhal,” or “leave,” that once was aimed at Mubarak is now meant for Tantawi, his defense minister for 20 years.

Some of the protesters demanded that the generals immediately step down in favor of a presidential civilian council.

“If the military steps down, then who will be left to run the country until elections are held?” said Ahmed Fathy, a 27-year-old dentist who prefers a date for the handover rather than the departure of the military now. “The military can strike back by turning the nation against us.”

About 5,000 to 7,000 protesters were in Tahrir Square for most of the day but the number rose to around 30,000 after nightfall _ nowhere near filling it but displaying the strength of the movement despite the military’s tireless campaign to marginalize the youths who drove Mubarak from office. Protesters also marched in other cities, including thousands of students in the coastal city of Alexandria.

Unlike in January and February when the demonstrators were united against Mubarak, the latest protests reflect political divisions and Egypt’s growing economic hardships and tenuous security.

Islamists led by the Muslim Brotherhood, the country’s largest and best-organized political group, are not taking part in the protests this time, a stand that has been widely seen as motivated by a desire not to get involved in anything that could disturb parliamentary elections that are due to start Nov. 28 and conclude in March.

But the Brotherhood, whose supporters gave muscle to the protesters in January and February, may have underestimated the appeal of the secular-minded activists and the depth of anger over the military rulers’ failings and the inefficiency of the Cabinet that the generals support.

To many of the protesters, the Brotherhood and its allies, mainly the ultraconservative Salafis, are more keen on winning parliamentary seats than the future of the nation.

That so many protesters are in Tahrir Square without the participation of the Islamists could provide the liberal pro-reform groups with a boost that would fuel their movement in the face of the military’s perceived intransigence.

“We don’t need them,” Zeinab Kheir, a lawyer and an activist, said referring to the Brotherhood, vilified by many activists as an opportunistic, self-serving group.

“We want the (military) council to leave immediately so we can continue our revolution, which the military sold out,” said Mohammed Ali, a shoemaker among the protesters. “A civilian Cabinet from the square is what we want.”

The divisions between the secularists and Islamists surfaced in the square Monday when senior Brotherhood leader Mohammed el-Beltagy was heckled by protesters who threw water bottles at him. He hurriedly left.

However, moderate Islamists from two groups _ the Wasat, or Centrist party, and supporters of presidential hopeful Abdel-Monaem Abul Fetouh _ said they would take part in a big protest dubbed “National Salvation” planned for Tuesday.

Throughout the day, the sounds of gunfire crackled around Tahrir Square, and a constant stream of injured protesters _ bloodied from rubber bullets or overcome by tear gas _ were brought on motorbikes into makeshift clinics on sidewalks, where volunteer doctors scrambled from patient to patient.

A morgue official said the toll had climbed to 24 dead since the violence began Saturday _ a jump from the toll of five dead around nightfall Sunday, reflecting the ferocity of fighting. The official spoke on condition of anonymity because he was not authorized to release the numbers.

Since Mubarak fell and the military took over, Egypt’s revolution has been mired in frustration and confusion. Activists and many in the public accuse the generals of seeking to hold on to power, and they fear that the military will dominate the next government no matter who wins the election. Many Egyptians are also frustrated by the failure of the military and the caretaker government to conduct any real reforms, halt widespread insecurity or salvage a rapidly worsening economy.

The military says it will hand over power only after presidential elections, which it has vaguely said will be held in late 2012 or early 2013.

On Monday, a group of 133 diplomats from the Foreign Ministry took the rare step of issuing a petition demanding that the military commit to hold presidential elections and transfer power by 2012.

“What does it mean, transfer power in 2013? It means simply that he wants to hold on to his seat,” said protester Mohammed Sayyed, referring to Tantawi.

Sayyed carried two rocks as he took cover from tear gas in a sidestreet off Tahrir Square. He wore a bandage on his head after being hit by what he said was a rubber bullet.

“I will keep coming back until they kill me,” he said. “The people are frustrated. Nothing changed for the better.”

Source

November 19, 2011

New St. Peters hotel tax proposal set for Feb. 7 ballot

Filed under: management, technology — Tags: , , , — Gladiator @ 1:16 am

ST. PETERS

November 17, 2011

European debt woes push TSX lower

Filed under: banks, business — Tags: , , , — Gladiator @ 10:20 am

TORONTO

November 14, 2011

10 militants killed in Yemen; UN pushes peace plan

Filed under: legal, uk — Tags: , , , — Gladiator @ 4:28 am

Yemeni government forces and allied tribesmen killed 10 militants in attacks around the country Sunday, security officials said, as a visiting United Nations envoy met with embattled President Ali Abdullah Saleh to push for a solution to the country’s political crisis.

Security has collapsed across the Arab world’s poorest nation during the nine-month popular uprising seeking to oust Saleh, who has been in power for 30 years.

Pro-Saleh forces regularly engage in deadly clashes with armed tribesmen and military defectors who support the protesters in Yemen’s largest cities, and al-Qaida-linked militants have taken control of entire towns in the country’s restive south.

Two of Sunday’s clashes took place near Zinjibar, the largest town overrun by al-Qaida-linked militants in Yemen’s southern Abyan province, now partially recaptured by the army. In one clash, tribesmen allied with government forces exchanged fire with militants at a checkpoint, killing three, including two Somali citizens, an official said. In the other, the army shelled a militant position, killing five, including two Saudi citizens.

Months of violence have forced more than 100,000 residents of Zinjibar to flee to neighboring provinces, where some have sought refuge in schools.

In the Arhab region, north of the capital Sanaa, Yemeni forces shelled positions held by armed anti-government tribesmen, killing two, another security official said.

The officials spoke on condition of anonymity because they were not authorized to brief reporters.

Months of international diplomacy has failed to resolve the crisis. Saleh has refused numerous times to follow through on a U.S.-backed proposal crafted by Yemen’s powerful Gulf Arab neighbors, under which he would transfer power to his vice president in exchange for immunity from prosecution.

In Sanaa, U.N. envoy Jamal Benomar met Saleh Sunday to push for a transfer of power.

The U.N. said Benomar’s weeklong visit to Yemen was intended to encourage the Gulf-backed proposal, which the Security Council has endorsed.

A spokesman for the Yemen Observatory for Human Rights, Al-Galil Waddah, told The Associated Press that about 400 people have been killed in protests that began in February. He estimated that the number of fighters and civilians killed in clashes in the south and Arhab region could be much higher.

Saleh’s critics accuse him of allowing the militants to take over cities in the south to support his argument that without him, al-Qaida would take control of the country.

“Saleh has used war and chaos to suppress the protests. He is trying to say that his presence is the only way for Yemen’s stability and so he allowed al-Qaida and fighters to run free in southern Yemen,” Waddah said.

He said the group’s office in Sanaa was taken over by security forces in mid-September and continues to be used as a rest house by soldiers, who also confiscated the group’s computers and files.

In those files, he said, the group documented dozens of cases of political prisoners alleging abuse at the hands of security forces in Sanaa and the country’s second largest city, Taiz.

Some of the prisoners are missing, while others who were released said they were beaten and threatened with rape. The abuse, according to Waddah, took place in government facilities as well as abandoned residential buildings.

Taiz, a hotbed of the opposition to Saleh, has been particularly violent recently, with government troops regularly clashing with soldiers who have defected to side with the protesters.

Source

November 7, 2011

World stock markets pressured by growing worries over Italy

Filed under: Uncategorized, news — Tags: , , , — Gladiator @ 4:44 pm

PARIS

November 1, 2011

Regions Bank eliminates new debit card fee

Filed under: loans, uk — Tags: , , , — Gladiator @ 5:00 am

Regions Bank has eliminated a new debit card fee it imposed on some checking accounts this month that was unpopular with customers.

In a statement Monday, the bank said it is eliminating a monthly $4 fee it introduced this month on some checking accounts when a Regions customer used a debit card in a non-ATM transaction.

Now, though, Regions Bank has reversed course, based on customer feedback about the fee. “We have heard from our customers and are responding to their feedback by eliminating the monthly fee for CheckCards,” John Owen, head of Consumer Services for Regions Bank, said in a statement. The bank declined to disclose the number of complaints it received, or whether customers closed their accounts based on the fee.

On Nov. 4, Regions Bank will reimburse customers who were charged the fee.

Birmingham-based Regions is among the largest banks in St. Louis, based on deposits. It has 70 branches in the St. Louis area.

Regions joins other banks in dropping debit card fees. The retail banking arm of JPMorgan Chase & Co., which tested a fee for some checking accounts earlier this year, including a $3 monthly fee for a debit card and $5 for online bill pay, will end that program in November. SunTrust Bank also announced on Monday that it is dropping its monthly $5 debit card fee that was set to take effect this week online pay day loans. Wells Fargo has also cancelled its plans to test a fee structure for debit cards in some states.  

Charlotte, N.C.-based Bank of America, the second largest bank in the U.S. and the second largest bank locally, has come under fire in recent weeks after it announced plans to introduce a $5 monthly fee on some checking accounts when a debit card is used. That fee is set to go into effect in early 2012.

Banks said they were imposing the fees based on new federal legislation that led to a lower cap on what a bank can charge for debit card transactions. As part of the 2010 Dodd-Frank financial reform bill, maximum “swipe fees” decreased from 44 cents to 24 cents, beginning in October.

Some local banks and credit unions welcomed the new debit card fee announcements by their competitors as an opportunity to attract new customers. One recent ad by First Community Credit Union, the biggest credit union in St. Louis, reads: “Why pay for your debit card?” The credit union does not impose monthly fees for checking accounts.

Source

October 28, 2011

NATO announces end of Libya mission

Filed under: loans, real estate — Tags: , , , — Gladiator @ 11:08 pm

NATO has announced it will end its air campaign over Libya next Monday, following the decision of the U.N. Security Council to lift the no-fly zone and end military action to protect civilians.

NATO Secretary General Anders Fogh Rasmussen said on Friday that the operation was “one of the most successful in NATO history,” one which was able to wind down quickly following the death of former Libyan leader, Moammar Gadhafi.

Monitoring air patrols are expected to continue until Monday to make sure there are no more threats to civilians.

NATO’s 26,000 sorties, including 9,600 strike missions, destroyed about 5,900 military targets since they started on March 31.

Source

October 25, 2011

Thai floods shut down Bangkok’s second airport

Filed under: news, technology — Tags: , , , — Gladiator @ 5:16 pm

Advancing floodwaters in Thailand shut down commercial flights Tuesday at Bangkok’s second airport, spilling across a complex housing the country’s flood relief headquarters in one of the biggest blows yet to government attempts to prevent the sprawling capital from being swamped.

The effective closure of Don Muang airport, which is used primarily for domestic flights, was sure to further erode public confidence in the ability of Prime Minister Yingluck Shinawatra’s administration to defend the increasingly anxious metropolis of 9 million people.

Bangkok’s Suvarnabhumi Airport, the country’s main international gateway, has yet to be affected by flooding and flights there were operating normally. Most of the city has been spared inundation so far.

Don Muang has come to symbolize the gravity of the Southeast Asian nation’s deepening crisis, which has seen advancing waters drown a third of the country and kill 366 people over the last three months.

The airport houses the government’s recently established emergency Flood Relief Operations Center, and one of its terminals has been converted into an overcrowded shelter filled with tents for about 4,000 people who fled waterlogged homes.

Somboon Klinchanhom, a 43-year-old civil servant who took refuge there last week, was preparing to move after authorities said the terminal had become too overcrowded and thousands of displaced people would be relocated to other shelters.

“I thought it would be safe and well-protected,” Somboon said of the airport, as she packed her belongings again.

Outside, ankle-high water rushed over sandbagged barriers and swamped roads within the airport compound.

The two main carriers based at Don Muang announced they were suspending operations and diverting flights to Suvarnabhumi. They are Thai Orient Airlines and Nok Air, which said it was halting flights until Nov. 1.

Capt. Kantpat Mangalasiri, the airport’s director, said Don Muang’s runways _ though not currently flooded _ would be closed until Nov. 1 to ensure safe aircraft operations.

Thai air force flights carrying relief supplies were continuing on a military runway that is still open, air force spokesman Montol Suchukorn said. He said floodwaters had breached the military’s air base, but the runway remains protected by flood barriers.

Last week, the air force moved 20 planes from Don Muang as a precaution.

The flood relief command will remain at the airport for now since it is still accessible by road, spokesman Wim Rungwattanajinda said.

He said the government expects floodwaters will sweep through the main parts of Don Muang by Friday, but would not rise above 3.3 feet (one meter).

The scene at the domestic terminal was chaotic as throngs of confused passengers struggled to leave or pulled up to the departure hall with luggage, unaware their flights had been canceled.

With parts of the main road heading to downtown Bangkok flooded knee-deep, taxis were in scarce supply. Some travelers waited hours for a ride as airlines scrambled to arrange special buses.

Don Muang, located on Bangkok’s northern outskirts, is among seven of the capital’s 50 districts that the government has declared at risk. Those zones, in the north and northwest, are all experiencing some flooding.

The latest added to the list is the northwestern district of Bang Phlat. Late Monday, Gov. Suhumbhand Paribatra warned residents there to move their belongings to higher ground after water from the Chao Phraya River crept in through a subway construction site.

On Tuesday, Yingluck’s administration declared public holidays on Oct. 27-31 in affected areas, including Bangkok. The Education Ministry also ordered schools in 12 affected provinces and the capital to close until Nov. 7 due to the floods.

Last week, Yingluck ordered key floodgates opened to help drain runoff through urban canals to the sea, but there is great concern that rising tides in the Gulf of Thailand this weekend could slow critical outflows and flood the city.

Late Monday, the flood relief center said water levels in the worst-hit parts of the country _ the submerged provinces north of Bangkok _ were stable or subsiding. But the massive runoff was still bearing down on the capital as it flowed south toward the Gulf of Thailand.

While neighborhoods just across Bangkok’s boundaries are underwater, most of the city is dry and has not been directly affected by the deluge.

Anxious Bangkokians, though, have been raiding stores to stock up on emergency supplies, and many have been protecting their homes and businesses with sandbags. Some have even erected sealed cement barriers across shop fronts.

Source

October 24, 2011

Abu Dhabi firm backtracks on Guggenheim contract

Filed under: loans, online — Tags: , , , — Gladiator @ 2:20 am

The Abu Dhabi company building a branch of the Guggenheim museum in the Emirati capital said Sunday it has temporarily dropped plans to award a major construction contract, raising questions about the future of the high profile project.

The state-run Tourism Development and Investment Co. said it recalled the tender for concrete work on the Frank Gehry-designed museum because it is reviewing its strategy for handing out jobs to contractors. It didn’t say when it would again seek bids.

The Guggenheim is one of the showcase museums TDIC is building on Abu Dhabi’s Saadiyat Island, a planned cultural district overlooking the Persian Gulf. The island is also slated to contain a national museum, performing arts center and a branch of the Louvre.

A spokeswoman insisted Sunday that the Guggenheim project is still moving ahead, but didn’t provide details.

TDIC has previously said it would open the museum by 2013.

Some preliminary groundwork for the 450,000-square-foot museum has been completed. The construction contract now on hold would have involved major work on the museum’s base and other parts of the building.

TDIC has not released the value of that deal free credit score.

TDIC is one of several companies set up by Abu Dhabi to diversify the economy and drive development in the emirate, which borders Dubai to the south.

The money-losing company relies heavily on direct cash infusions from the oil-rich Abu Dhabi government, but it also has turned to banks to fund some of its operations.

TDIC executives traveled to Europe and Asia over the summer to meet with potential investors about the possibility of issuing new bonds, but then put off those fundraising plans.

The Guggenheim project has been a flashpoint for controversy.

In March, more than 130 international artists and writers promised to boycott the museum unless authorities do more to protect workers’ rights at the site. That followed an earlier report by Human Rights Watch that outlined alleged abuses against migrant workers on the project.

TDIC has said it is committed to protecting workers’ rights and has taken on board many of Human Rights Watch’s recommendations.

Source

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