July 20, 2011 nº 1,068 - Vol. 9
"It is more honorable to be raised to a throne than to be born to one. Fortune bestows the one, merit obtains the other."
Francesco Petrarch
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House passes 'Cut, Cap And Balance' bill
In a 234-190 vote, the U.S. House of Representatives passed the "Cap, Cut and Balance Act of 2011" crafted by House Republicans. The bill, which bars any increase in the debt ceiling unless Congress first sends a balanced budget amendment to the states for ratification, calls for a $1.5 trillion cut in this year's deficit and caps federal spending to 24 percent of the gross domestic product.The bill is unlikely to become law, because it now moves to the Democratic-controlled Senate. Obama has cited "some progress" in debt talks, with the US at the "11th hour" before a deadline to raise the nation's debt ceiling. He hailed a plan by a group of senators to cut the budget deficit and raise the limit. Meanwhile, the House passed legislation calling for drastic spending cuts to reduce the US government's $1.5tn annual budget deficit, in return for raising the debt ceiling. It would impose severe and immediate spending cuts, cap future government spending at a certain percentage of the national economy, and call for an amendment to the US constitution to require Congress to pass a balanced budget. "We don't have any more time to engage in symbolic gestures. We don't have any more time to posture," Obama said. "It's time to get down to the business of actually solving this problem." Republicans have been unwilling to consider raising new tax revenues to counter the growing budget deficits, while the Democrats have been opposed to cutting popular healthcare and welfare programs for pensioners and the poor. The US risks default on its debt if Congress does not raise the borrowing limit before 2 August.
Obama to back repeal of law restricting marriage
Obama will endorse a bill to repeal the law that limits the legal definition of marriage to a union between a man and a woman, the White House said Tuesday, taking another step in support of gay rights. He is taking the additional step away from the Defense of Marriage Act — which the administration said earlier this year it would no longer defend in court — in order to "uphold the principle that the federal government should not deny gay and lesbian couples the same rights and legal protections as straight couples." If the measure passes, it would make same-sex couples eligible for certain federal benefits that have previously been available only to heterosexual married couples. The new legislation, which is being sponsored by Senator Dianne Feinstein, Democrat of California, is unlikely to pass Congress this year, but will nonetheless face its first committee hearing on Wednesday before the Senate Judiciary Committee.
1 - News of the World phone-hacking whistleblower found dead - click here.
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Baidu in landmark deal with record labels
Chinese search engine Baidu has struck a deal with leading music labels ending years of legal wrangling over rights. Baidu signed an agreement with a joint venture owned by Universal Music, Warner Music and Sony Music to distribute music through its mp3 search service. Baidu, China's biggest search engine, will pay the owners of the music rights on a per-play and per-download basis.
China executes corrupt officials
China has executed two officials from eastern cities after convicting them of corruption. Xu Maiyong, a former vice-mayor of Hangzhou, and Jiang Renjie, who was vice-mayor of Suzhou, were put to death after their appeals were rejected. Officials said Xu and Jiang took almost 300m yuan ($46m; £29m) by embezzling and taking bribes. Corruption is one of the main causes of public discontent in China. Hundreds of officials are convicted every year.
Chinese upset over counterfeit furniture
Chinese consumers discovered a tawdry truth: some of DaVinci's ("a haven for premium products") imported Italian furniture is actually produced at a factory in southern China. Besides sullying DaVinci's reputation, the revelations have raised questions about whether European furniture makers are keeping close enough tabs on their Chinese supply chain. Maybe more significant, the scandal indicates that even in China — where consumers have long been willing to turn a blind eye to pirated DVDs and Gucci knockoffs — there are boundaries that no counterfeiter should breach. Not if the fakes are priced as high as the real thing. In a Web outcry, customers have demanded refunds and posted details of how their DaVinci products turned out to be shoddily made or reeking of foul-smelling lacquers.
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Demanda
La estadounidense Koch Industries presentó el martes un pedido de arbitraje contra Venezuela ante un tribunal del Banco Mundial por la nacionalización de sus activos en una planta de fertilizantes, aunque no especificó el monto de la demanda.
(Presione aquí)
Argentina – China
Argentina y China firmaron nuevos acuerdos que promueven la integración agroalimentaria entre ambos países. Entre ellos, se rubricó uno para que los cítricos argentinos ingresen por los puertos del sur de China; de ahora en adelante, podrán ingresar por Guangzhou y Xiamen, además de Shanghai, Nanjing, Tianjin, Beijing, Qingdao y Dalian.
Inversiones
El hondureño Grupo Terra invertirá US$ 128 mlls. en la construcción de una usina termoeléctrica en Eten, en el norte de Perú. Grupo Terra participó en la licitación para el diseño construcción y operación durante 20 años de la central termoeléctrica junto con el consorcio español Cobra-Enersa.
Minera
La canadiense Trevali cerró su colocación privada de hasta de US$ 15,6 mlls que utilizará en proyectos mineros Santander en Perú y Halfmile en Canadá. Asimismo, emitió 415.000 acciones en pago de honorarios de intermediarios y 500.000 warrants, cada uno de los cuales da derecho a comprar papel ordinario a un precio de 1,80 dólares canadienses hasta el 11 de enero de 2013.
Puertos
Cubic Applications, Inc., una filial de servicios de apoyo a la misión de Cubic Corporation, NYSE: CUB, ha recibido un contrato de nueve meses de parte de la Secretaría General de la OEA para llevar a cabo evaluaciones de seguridad portuaria y capacitación en seis puertos Panameños.
Licitación
La salvadoreña Delsur prorrogó la fecha límite para la compra de bases e inscripción en el proceso de licitación para el suministro de 350 MW de potencia eléctrica basados en recursos renovables o con gas natural y carbón hasta el 23 de agosto. Delsur es la compañía convocante en representación de ocho empresas distribuidoras -Caess, Delsur, AES Clesa, EEO, Deusem, B&D y Edesal-. La licitación comprende el período 2016-2031, mientras que la presentación de las ofertas económicas está prevista para el 2 de diciembre de este año.
Greece debt: Merkel dampens expectations of deal
The next Greek bail-out is turning into a fight between banks and German taxpayers. Merkel has played down the chances of Thursday's emergency eurozone summit resolving Greece's debt crisis. She told a news conference that there would not be anything as "spectacular" as a restructuring of Greek debt. The meeting will attempt to agree a second bail-out of Greece in a hope of calming financial markets and stop contagion spreading. Germany has been at odds with the European Central Bank (ECB) over its insistence that private investors in Greek bonds share the pain of another rescue deal. The ECB believes that forcing private investors to take losses on their loans is effectively a default by Greece on its debts. ECB believes that a "credit event", or default, must be avoided. Otherwise the ECB would cease financing the Greek bank sector. Germany, Finland and the Netherlands are in the forefront of calls for private investors to share the burden rather than just leave it to the taxpayer. French banks are heavily exposed to the Greece economy.
Met Police accused of phone-hacking inquiry failures
The Met Police are accused of a "catalogue of failures" over the News of the World phone-hacking inquiry in a damning report by MPs. The Commons home affairs committee also criticizes News International's "deliberate attempts to thwart investigations" into hacking. It says the conduct of former Assistant Commissioner Andy Hayman, who oversaw the investigation, was unprofessional and inappropriate. The report questions whether Hayman should ever have been appointed to his role as head of counter-terrorism and says it is "deplorable" that he began working for News International two months after he left the Met. Ten members of Scotland Yard's PR and communications staff formerly worked for News International. The law firm hired by News International in 2007 to review allegations of phone hacking says it is being prevented from responding to "inaccurate" comments made by James Murdoch. Murdoch said a letter written by the law firm made executives at News International believe that hacking was a "matter of the past". Harbottle and Lewis says it is not being allowed to breach client confidentiality. Murdoch has said he cannot be held responsible for the scandal at the News of the World, saying he was let down by "people I trusted". The News Corporation boss said he was not aware of the extent of phone hacking there and had "clearly" been misled by some of his staff. His son, James, apologized to victims, saying hacking was "inexcusable". The Murdochs will probably be seen to have emerged bruised but not broken - which is why the share price of News Corporation, has risen.Scandal's twists seem tabloid-made
With the latest twists, the News Corp. scandal over dubious reporting tactics suddenly seems scripted by a master of the spy genre—replete with social drama, cloak-and-dagger mystery and farce.
Judges make lawyers earn fees
The Delaware Court of Chancery appears to be getting tougher on lawyers who bring weak lawsuits after mergers. But fee awards for those who present successful cases have in some instances risen.
Federal judge rules Florida courthouse must remove Ten Commandments monument
A federal judge on Friday ordered Florida's Dixie County Courthouse to remove the Ten Commandments monument displayed on the front steps of the courthouse. The American Civil Liberties Union of Florida (ACLUFL) filed the lawsuit in early 2007, arguing that the monument violated the Establishment Clause of the First Amendment to the US Constitution. Dixie County maintained that the display was protected as private speech under the Free Speech Clause of the First Amendment because the monument, which cost over USD $20,000 to construct, weighs six tons and includes a banner proclaiming "Love God and Keep His Commandments," was purchased and installed by a private community member. The court, however, ruled that because of the location, "permanent" nature and religious message of the structure, it must be removed. Judge Maurice Paul agreed with the ACLUFL, concluding that the monument's religious message would be interpreted to be espoused by the government.
Federal judge allows Google to appeal Street View ruling
A judge for the US District Court for the Northern District of California on Monday ruled that Google could appeal a decision permitting a wiretapping lawsuit against the company to proceed. Judge James Ware granted Google's request to delay the lawsuit pending an appeal of a ruling against Google. The lawsuit claims that Google is violating wiretapping laws by collecting data for its Street View program using WiFi networks. Ware rejected a motion to dismiss the class-action lawsuit against Google in June, denying Google's argument that when they collected information while creating their Street View feature, the information was freely and publicly available. Google collected private details transmitted on unencrypted wireless connections, but the company claims it was inadvertent.
EU Commission tightens rules for biofuel use
The European Commission has approved seven schemes set up to ensure that biofuels used in the EU are produced in an environmentally sustainable way. Biofuel companies can either seek certification from one of these schemes or from a similar national scheme. The crops are controversial. In some countries they have replaced forests, harming biodiversity. They are also seen as rivals to food crops.
Bank of America in record losses
Bank of America (BoA) has posted its biggest quarterly loss after agreeing an $8.5bn settlement related to sub-prime mortgages. The US's largest bank made a loss of $8.8bn in the three months to the end of June, lower than analysts had expected. Included in the losses are payments to investors and insurers, and charges for future claims over home loans. The bank's revenues for the quarter were $13.2bn, down 55% from a year ago.
Israel and free speech
A worrying new law in Israel that bans boycotts against the state chips away at free speech and political rights. The law, approved in a 47-to-38 vote by Parliament, effectively bans any public call for boycott – economic, cultural or academic – against Israel or its West Banks settlements, making such action a punishable offense. Advocates said the law was needed to prevent efforts to ‘delegitimize’ Israel, but no country can be delegitimized if it holds true to its democratic principles. Opponents are challenging the law in court.
Reproductive rights group challenges North Dakota abortion law
The Center for Reproductive Rights (CRR) on Monday filed a complaint challenging a North Dakota law that effectively bans non-surgical abortions in the state. The law restricts the use of mifepristone, misoprostol and other drugs approved by the Food and Drug Administration (FDA) to induce first-trimester abortions. The complaint, filed on behalf of the sole abortion provider in the state, alleges that the law would altogether prohibit medication abortions, preventing women who prefer the non-surgical abortion procedure from obtaining treatment. Moreover, the complaint alleges, the law creates an undue, expensive and unconstitutional burden because women would have to travel long distances to obtain abortions. CRR President and CEO Nancy Northup denounced the law, saying it infringes on women's reproductive rights.
Pakistan civilians seek arrest of ex-CIA legal counsel for drone attacks
Three Pakistani men filed a complaint on Monday seeking to arrest former Central Intelligence Agency (CIA) legal counsel for authorizing unmanned predator drone strikes. The complaint alleges that former General Counsel to the CIA John Rizzo approved the use of unmanned aerial vehicles to carry out drone strikes and admitted to doing so in a February Newsweek interview. The aerial attacks target al Qaeda and Taliban militants, but civilians are often killed or injured in the collateral damage. The complaint also seeks an international warrant for Rizzo's arrest.
Federal judge dismisses lawsuit over constitutional right to sell cigarettes
A judge for the US District Court for the Northern District of California on Friday dismissed a lawsuit over the constitutional right to sell cigarettes. The lawsuit was brought by Safeway, Inc., a chain of grocery stores, challenging a San Francisco city ordinance banning the sale of cigarettes by pharmacies. The original ordinance had included an exception for "big-box stores" that contain pharmacies, but it was amended due to a lawsuit brought by Walgreens arguing that such an exception violated the Equal Protection Clause (EPC). The ordinance cites health risks associated with smoking cigarettes and states, "through the sale of tobacco products, pharmacies convey tacit approval of the purchase and use of tobacco products, which sends a mixed message to consumers who generally patronize pharmacies for health care services." Safeway argued that the ordinance did not apply to its stores because the pharmacies are separate and isolated from the counters selling cigarettes, and the pharmacy personnel are not asked to sell cigarettes. Safeway further argued that the city's revocation of licenses to sell cigarettes granted under the exception in the original ordinance violated due process. Judge Claudia Wilken, however, said that the ordinance was a valid use of the police power and did not violate the EPC.
Florida court upholds $30 million tobacco award
The award goes to a woman whose husband died of lung cancer brought on by cigarettes. The ruling could affect thousands of pending cases.
Italy PM Berlusconi loses motion to move trial to a special court
A Milan criminal court on Monday denied a motion filed by Italy Prime Minister Silvio Berlusconi to move his prostitution trial to the Tribunal of Ministers, a special court set up to prosecute public officials. The Tribunal of Ministers would require parliamentary authorization before hearing the case against Berlusconi.
Clinton criticizes Turkish rights record
US Secretary of State Hillary Clinton on Saturday criticized Turkey's neglect of some human rights issues, including a lack of religious freedom, the censoring of the internet and improper detention of journalists.
India growth imperiled with greek-like tax evasion
India loses 14 trillion rupees ($314 billion) from tax evasion annually, depriving it of funds for investment in roads, ports and power. General government tax revenue totals an estimated 18 percent of gross domestic product, the lowest among the four BRIC nations, and down from an average 19 percent the past five years. With so little revenue, the government must borrow more to fund a planned $1 trillion five-year infrastructure program needed to help secure Prime Minister Manmohan Singh's target of 10 percent sustained economic growth. Singh is pushing to pass legislation by April 2012 that would pare exemptions and lower personal and company levies to improve compliance, in what would be the biggest income-tax overhaul in half a century.
Brazil june unemployment falls to lowest level since january on new hiring
Joblessness in Brazil fell in June, underscoring the tightness in a labor market that has pressured inflation and worried policymakers.
US IPOs price above expectations
Investors flocked to initial public offerings in the US consumer and tech sectors, despite worries about consumer confidence and questions about the valuations of web groups. However, those lofty valuations have drawn concern that investors are expecting too much from dotcom groups in an echo of the 1990s-era tech bubble.
Denso faces antimonopoly probe
Denso Corp. said Wednesday that Japan's Fair Trade Commission raided its headquarters and some sales branches on suspicion of violation of antimonopoly laws regarding the sale of certain automotive components. Denso, a parts-making affiliate of Toyota Motor Corp., said in a release that it is fully cooperating with the investigation.
Murdoch's company 'blocked' hacking probe
Al Jazeera, Doha, Qatar
Study: Safety system can prevent low-speed crashes
Arab News, Pro-government, Jidda, Saudi Arabia
US reservations on Turkish plan to 'Rescue' Syrian regime- sources
Asharq Al-Awsat, Pan-Arab daily, London, England
France says Brega under control of Libyan rebels
Egyptian Gazette, English-language, Cairo, Egypt
All foreigners aboard seized flotilla yacht to leave Israel by end of day
Haaretz, Liberal daily, Tel Aviv, Israel
Arms Trade Treaty May Bypass Anti-Riot Weapons
IPS Middle East, International cooperative of journalists, Rome, Italy
Ahmadinejad: Cordial Ties Will Benefit Regional States
Iran Daily, English-language, reformist, Tehran, Iran
Iran strikes across border into Iraqi Kurdistan
JPost, Conservative, Jerusalem, Israel
Israel to deport flotilla activists
Ma'an News Agency, Bethlehem, Palestinian Territories
Medvedev: Russia against Pushing Libyan Scenario in Syria
Sana, Syrian Arab News Agency, Damascus, Syria
Panel formed on Lebanon poll law
Saudi Gazette, English-language daily, Riyadh, Saudi Arabia
Attack on Afghan police in Kandahar, four dead: officials
Times of Oman, English-language daily, Muscat, Oman
NBO aims big ticket projects for funding
Times of Oman Business, English-language daily, Muscat, Oman
Al-Qirbi urges peaceful solutions for Yemen's crisis
Yemen Observer, Sana'a, Republic of Yemen
Met accused of hacking failures
BBC News, Centrist newscaster, London, England
European Affairs Minister Creighton: German view of crisis is changing
BreakingNews.ie, Online news portal, Cork, Ireland
Taliban dispute claim of Omar's death
CNN International, London, England
PM: Quake victims not Israeli spies
Daily Express, Conservative tabloid, London, England
Back heel footballer Theyab Awana scores 'best penalty ever'
Daily Mail, Conservative daily, London, England
Cameron Diaz laughs and jokes around on Gambit set in London with Colin Firth
Daily Mail, Conservative daily, London, England
Questions remain after Murdoch grilling
EuroNews, International news, Ecully Cedex, France
Lawyers for Strauss-Kahn's accusers meet with NY prosecutors
France 24, Issy-les-Moulineaux, France
Turkey's 'European Spring' or ties with Washington
Hurriyet Daily News, (Liberal, English-language), Istanbul, Turkey
Hacking group targeted in US arrests
Independent The, London, England
High Street Hottest For Men: Best Festival Outerwear
Look Magazine, London, England
Petrol prices still climbing
Moscow News The, Independent, Moscow, Russia
29-Year-Old Strikes Gold With Trendy Berry
Moscow Times The, Independent daily, Moscow, Russia
Russian scientist photographs souls
MosNews, Online daily, Moscow, Russia
Cheryl Cole is a massive fan of the Corrie lesbian storyline, apparently
OK! Magazine UK, Celebrity news, London, England
Militants Storm Kandahar Police Station, Kill Commander
Radio Free Europe, Prague, Czech Republic
US Officials Hold Talks With Gaddafi's Aides
Sky News, Independent newscaster, Middlesex, England
Murdochphobia is not as radical as you think
Spiked, (Alternative Internet Magazine), London, England
Phone Hacking: John Yates recalled to give evidence to MPs
Telegraph The, Conservative daily, London, England
Mercury Prize: here come the girls
Telegraph The, Celebrity news, London, England
Is This New Boyfriend of Jennifer Lopez?
WNC News, London, England
Two Peru soldiers killed in clash with leftist rebels
Antara News, News agency, Jakarta, Indonesia
Court accepts case against Pasit
Bangkok Post, Independent, Bangkok, Thailand
Rupert Murdoch 'humbled' by hacking fallout
China Post, English-language daily, Taipei, Taiwan
Euphoria Alone Will Not Make Pyeongchang Olympics a Success
Chosun Ilbo, Conservative daily, Seoul, South Korea
Adobe faces patent infringement suit after EchoSign buy
Computer World, IT information, Fairfax, New Zealand
11 policemen killed, two beheaded in Afghanistan
Daily Jang, Left-wing daily, Karachi, Pakistan
Talk of drift, corruption is propaganda: Manmohan
Hindu The, Left-leaning daily, Chennai, India
Team Murdoch wins the show
Hindustan Times, New Delhi, India
At least 6 suspects involved in planting explosives: Maha ATS
India Express, News portal, Mumbai, India
Noida Extension builders hopeful of solution
India Times, Conservative daily, New Delhi, India
Morgan Stanley likely to name MUFG's Tamakoshi to board
Japan Times, Independent centrist, Tokyo, Japan
Nepal seeks new measurements for Mount Everest
New Zealand Herald, Conservative daily, Auckland, New Zealand
11 policemen killed, two beheaded in Afghanistan
News The, Left-wing, Karachi, Pakistan
11 dead as Kandahar clashes enter 2nd day
Pajhwok Afghan News, (Independent news agency), Kabul, Afghanistan
AL chief condemns Israeli action against Gaza-bound ship
People's Daily Online, English-language, Beijing, China
Troops to march in San Diego's gay pride parade
Sify News, Chennai, India
Sinkhole forms under Guatemalan woman's bed
Straits Times, Pro-government, Singapore
'Boring' Petra's low high life
Sydney Morning Herald, Centrist daily, Sydney, Australia
UK: Murdoch double act wins over Parliament, investors
Taiwan News, English-language daily, Taipei, Taiwan
Tainan fried cookie-maker satisfies generations of stomachs
Taiwan Today, Government Information Office, Taipei, Taiwan
Dopamine also vital for kidney health, lifespan
Thaindian News, Bangkok, Thailand
Rupert Murdoch rejects blame for hack scandal at hearing
The Economic Times, Business, Mumbai, India
Taliban: Mullah Omar death report false, phone hacked
Times of India, Conservative, New Delhi, India
Gang of 6, Gang of 666, or Gang of Di$%s?
Business Insider, New York, U.S
Murdoch deflects blame at hacking inquiry
Canadian Broadcasting Centre, Toronto, Ontario
Political rebranding in the Caribbean - Part II
Caribbean360, Online news portal, St. Michael, Barbados
Police to get 25% of assets seized from drug traffickers
Dominican Today, Independent daily, Santo Domingo, Dominican Republic
News of the Lexical World
Globe and Mail The, Centrist daily, Toronto, Canada
BHP Billiton's Coal Production Exceeds Expectations
International Business Times, Business news organization, New York, U.S
The "Disappeared" - New Face of Mexico's Drug War
IPS Latin America, International cooperative of journalists, Rome, Italy
Scrapped! - Tufton shuts down metal export as concerns deepen
Jamaica Gleaner, Independent daily, Kingston, Jamaica
Smackdown by Murdoch's Wife Steals the Show
Newser, News web site, Chicago, U.S
Tech, U.S. debt progress lifts stocks; euro dips
Reuters, Business News, New York, U.S
Oxfam slams slow European response to Africa drought
Reuters, World News, New York, U.S
Letting in the light for Grace ó but not for Nita
Toronto Star, Toronto, Ontario
Emancipation body runs into problems, NCC says no to use of Grand Stand
Trinidad Guardian, Independent daily, Port-of-Spain, Trinidad
Rapper Ja Rule gets another prison sentence for not paying taxes
Vancouver Sun The, Conservative, Vancouver, Canada
UN to declare famine in Somalia
BBC News, Centrist newscaster, London, England
Homosexuals Need Love - Rev. Titi-Ofei
GhanaWeb, Online news portal, Amsterdam, Netherlands
Humble pie for Murdoch
iafrica, Online news portal, Cape Town, South Africa
BANGLADESH: Bigger role for women in disaster preparedness
Irin News, Humanitarian news and analysis, Nairobi, Kenya
South Sudan president says he can only dismiss elected governors if convicted of a crime - Bakosoro
Sudan Tribune, Khartoum, Sudan
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