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Paperwork Hinders Airlifts Of Ill Haitian Children
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Posted By: Intellpuke
2010-02-08 21:12:31 (4 hours ago)
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Private medical evacuations of critically injured Haitian children
to the United States for treatment have largely stopped because aid
workers, doctors and government officials are worried about being
accused of kidnapping if they transport the children without first
getting paperwork that is slow to arrive or is unavailable.
Before 10 Americans were arrested trying to take children out of Haiti
late last month, the largest pediatric field hospital in Haiti was
airlifting 15 injured children aboard private flights to the United
States each day.
But since the arrests, it has been able to evacuate only three
children on private flights to American hospitals, according to
Elizabeth Greig, the field hospital’s chief administrative officer, who
has been in charge of trying to get the necessary Haitian and American
approval.
At least 10 other children have died or become worse while waiting
to be airlifted out of the country, she said. Dozens of children are in
critical need of care, and there has been no shortage of American
hospitals or pilots willing to take them.
But before being permitted to evacuate the children, some doctors
said they were now being asked by American and Haitian officials for
documents proving that the children were orphans or that the adult
traveling with them was a parent - a challenging task considering that
many residents’ birth certificates and other records remained buried
under the rubble.
“They’re all at risk of dying, and none of these children should
still be here in Haiti,” said Dr. Shayan Vyas, an American pediatrician
changing an IV at the pediatric field hospital, which is based here at
the Port-au-Prince airport and handles most of the private pediatric
airlifts out of Haiti.
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'Million-Fold Violation Of The Private Sphere' - Germany Consumer Minister Takes On Google Street View
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Posted By: Intellpuke
2010-02-08 21:11:59 (4 hours ago)
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Many in Berlin have long viewed Google's Street
View service with some suspicion. Now, Consumer Protection Minister
Ilse Aigner has called for better privacy laws. She says that even
intelligence agencies wouldn't "collect photos so unabashedly."
Those wishing to peer into German front yards are often
disappointed. In cities and towns across the country, tall fences and
dense hedges have long been favored as way to ward off prying eyes.
For Google, of course, such barriers are but a trifling annoyance. In
gathering photographic data for the Internet service Street View, the
company simply installed cameras on car-mounted masts some 2.5 meters
(just over eight feet) off the ground - high enough to peer into most
domestic fortresses.
In Germany, however, the obstructions aren't just physical in
nature. Many have voiced concerns that Street View represents a blatant
violation of privacy. Indeed, the company was challenged in Hamburg,
being forced last year to agree to erase data depicting people,
property and cars upon request.
Now, a German cabinet minister has gone on the offensive. In an interview with the news magazine Focus,
Consumer Protection Minister Ilse Aigner has called for a law to better
protect the private sphere on the Internet and has taken Street View to
task.
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Greek Debt Crisis - How Goldman Sachs Helped Greece Mask Its True Debt
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Posted By: Intellpuke
2010-02-08 21:11:40 (4 hours ago)
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Goldman Sachs helped the Greek government to mask
the true extent of its deficit with the help of a derivatives deal that
legally circumvented the European Union Maastricht deficit rules. At some point the
so-called cross currency swaps will mature, and swell the country's
already bloated deficit.
Greeks aren't very welcome in the Rue Alphones Weicker in
Luxembourg. It's home to Eurostat, the European Union's statistical
office. The number crunchers there are deeply annoyed with Athens.
Investigative reports state that important data "cannot be confirmed"
or has been requested but "not received".
Creative accounting took priority when it came to totting up government debt. Since
1999, the Maastricht rules threaten to slap hefty fines on euro member
countries that exceed the budget deficit limit of three percent of
gross domestic product. Total government debt mustn't exceed 60 percent.
The Greeks have never managed to stick to the 60 percent debt limit,
and they only adhered to the three percent deficit ceiling with the
help of blatant balance sheet cosmetics. One time, gigantic military
expenditures were left out, and another time billions in hospital debt.
After recalculating the figures, the experts at Eurostat consistently
came up with the same results: In truth, the deficit each year has been
far greater than the three percent limit. In 2009, it exploded to over
12 percent.
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Climate Scientists Hit Out At Melting Glaciers Error
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Posted By: Intellpuke
2010-02-08 21:11:16 (4 hours ago)
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Climate scientists who worked on the United Nations panel on global warming have
hit out at "sloppy" colleagues from other disciplines who introduced a mistake about melting glaciers into the landmark 2007 report.
The experts, who worked on the section of the Intergovernmental Panel on Climate Change (IPCC) report that considered the physical science of global warming,
say the error by "social and biological scientists" has unfairly
maligned their work. Some said that Rajendra Pachauri, the panel's chair, should resign, though others supported him.
The IPCC report combined the output from three independent working groups, which
separately considered the science, impacts and human response to
climate change, and published their findings several months apart.
The report from working group two, on impacts, included a false claim that Himalayan glaciers would
melt away by 2035, which was sourced to a report from campaign group
WWF. The IPCC was forced to issue a statement of regret, though
Pachauri and senior figures on the panel have refused to apologize for
the mistake.
Speaking on condition of anonymity, several lead authors of the working group one (WG1) report, which produced the high-profile scientific conclusions that global
warming was unequivocal and very likely down to human activity, told
the Guardian they were dismayed by the actions of their colleagues.
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U.S. Health And Human Services Secretary Sebelius 'Very Disturbed' By Anthem Blue Cross Rate Hikes
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Posted By: Intellpuke
2010-02-08 21:10:48 (4 hours ago)
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California insurance regulators asked Anthem Blue Cross to delay
controversial rate increases of as much as 39% for individual policies
that have triggered widespread criticism from subscribers and brokers - and now from the federal government.
In a rare step, the Obama administration called on California's largest
for-profit insurer to justify its rate hikes, saying the increases were
alarming at a time when subscribers face skyrocketing health care costs.
In a letter to Anthem's president, Health and Human Services Secretary
Kathleen Sebelius voiced serious concern over the higher premiums,
which go into effect March 1 for many of the insurer's estimated
800,000 individual policyholders.
"With so many families already affected by rising costs, I was very
disturbed to learn through media accounts that Anthem Blue Cross plans
to raise premiums for its California customers by as much as 39%,"
Sebelius wrote to company President Leslie Margolin.
"These extraordinary increases are up to 15 times faster than inflation
and threaten to make health care unaffordable for hundreds of thousands
of Californians, many of whom are already struggling to make ends meet
in a difficult economy."
Anthem said it would respond to Sebelius' request as soon as possible.
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Commentary: 'The West Must Impose Sanctions On Iran This Month'
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Posted By: Intellpuke
2010-02-08 21:10:22 (4 hours ago)
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Intellpuke: This commentary was written by Spiegel journalist
David Crossland, writing under Spiegel's "The World From Berlin"
column, which includes comments by editorial writers at various German
news organizations. It appeared on Spiegel Online's Web site edition
for Monday, February 8, 2010. The commentary follows:
Over the weekend, Iranian Foreign Minister
Mottaki rebuffed a uranium swap plan proposed by the West. In Tehran,
President Mahmoud Ahmadinejad ordered his scientists to begin enriching
uranium to 20 percent. It is now time to impose tough new sanctions,
say German commentators.
The nuclear dispute between the West and Iran escalated over the
weekend after Tehran said it would intensify its nuclear program and
effectively rebuffed Western proposals for a deal by restating
conditions deemed unacceptable by the international community.
Raising fears that Iran is trying to develop nuclear weapons, President Mahmoud Ahmadinejad announced on Sunday that Iran would start
enriching uranium to 20 percent for a Tehran research reactor, which
Iran claims is for producing medical isotopes used for the diagnosis
and treatment of diseases.
Analysts said that would bring Tehran a big step towards the
enrichment of at least 90 percent needed for weapons-grade uranium.
Western powers have been trying to persuade Iran to refrain from
nuclear enrichment by offering to swap Iran's low-enriched uranium for
higher-grade nuclear fuel. But the two sides have failed so far to
agree on how to implement the plan.
On Friday, Iranian Foreign Minister Manouchehr Mottaki had raised
hopes that Iran might be preparing the ground for a deal when he paid a
surprise visit to the Munich Security Conference. But he merely
restated conditions for the proposed swap - that any fuel exchange
must be simultaneous and that Iran would determine the quantities
involved.
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U.S. Rep. John P. Murtha Dies At 77
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Posted By: Intellpuke
2010-02-08 21:09:16 (4 hours ago)
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U.S. Representative John P. Murtha, of Pennsylvania, a gruff ex-Marine who was one of the most hawkish
Democrats in Congress but who became an outspoken critic of the Iraq
war, died on Monday in Arlington, Virginia. He was 77.
He died while under treatment for complications of gallbladder surgery, said his office.
The first Vietnam veteran to serve in Congress, Mr. Murtha voted in
2002 to authorize use of military force in Iraq. But he evolved into a
leading foe of the war as it was conducted under the administration of
President George W. Bush.
“The war in Iraq is not going as advertised,” Mr. Murtha said in
November 2005, as he demanded an immediate withdrawal of American
troops. He called the Iraq campaign “a flawed policy wrapped in
illusion.”
Before speaking out on the war, Mr. Murtha was not much known
outside Washington or his district in southwestern Pennsylvania. But he
was alternately respected and feared by his colleagues, as he used his
immense power on a military spending panel to funnel hundreds of
millions of federal dollars into his hard-luck district, where
prosperity had vanished with the decline of the coal and steel
industries.
Mr. Murtha’s death came two days after he became the longest-serving
congressman in Pennsylvania history, his office said, surpassing the
record of Joseph M. McDade.
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Global Market Turmoil Hints That U.S. Recovery May Founder
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Posted By: Intellpuke
2010-02-07 05:08:05 (2 days ago)
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Conflicting U.S. jobs data and mounting concerns about debt defaults
abroad that threaten global economic growth triggered a worldwide wave
of stock-market volatility Friday amid fears that the improving U.S.
economy could unravel.
A mixed jobs report from the
Labor Department, including a revision that showed that 2009 job losses
were far greater than thought, called into question the strength of the
U.S. recovery.
In Europe, the European Union's inability
to chart a path forward for debt-ridden Greece, Ireland and Spain also
led investors to fear a return to the credit freeze of 2008 and scurry
for havens. Investors on Friday fled countries from Portugal to
Argentina on concerns that their widening deficits could signal future
debt defaults.
"Greece's debt problems and the contagion
effects to other southern European countries or beyond are real and are
likely to stay with us for some time," Barclays Capital Research, a
division of the big British bank, warned in a research note.
The
potential of new global financial woes piled on top of U.S. employment
worries. Shortly after opening, the Dow Jones Industrial Average sank
below 10,000, at one point down 170 points. It swung 120 points in the
final hour of trading, however, as investors repositioned in case of a
weekend solution in Europe, perhaps involving a rescue by the
International Monetary Fund.
Friday's global stock-market
turmoil could continue next week. The downturn in recent weeks has
doused investors and hit the retirement plans of ordinary Americans
alike, eroding last year's wealth gains.
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Why Are U.S., Allies Telling Taliban About Coming Offensive?
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Posted By: Intellpuke
2010-02-07 05:07:39 (2 days ago)
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Thousands of U.S., British and Afghan troops are poised to launch
the biggest offensive of the war in Afghanistan in a test of the Obama
administration's new counterinsurgency strategy.
Military
operations usually are intended to catch the enemy off guard, but for
weeks U.S. and allied officials have been telling reporters about their
forthcoming assault on Marjah, a Taliban-held town of 80,000 and
drug-trafficking hub in southern poppy-growing Helmand province.
Senior
NATO commanders and top Afghan officials have openly discussed the
approximate time of Operation Moshtarak - the Dari language word for
"together" - the size of the force and their objectives in news
conferences, interviews and press releases that have been disseminated
around the world and posted on government Web sites. Leaflets have been
airdropped on the town.
Though the exact time of the
kickoff hasn't been disclosed, a "news article" posted Thursday on the
British Ministry of Defense's site announced that operations involving
"elements of the Royal Welsh, Grenadier Guards and Scots Guards" and
Afghan forces "in preparation" for the Marjah attack had been underway
for 36 hours.
The unusual approach, according to U.S. and
British commanders, is intended to persuade Marjah's civilian
population to leave or turn against the Taliban, while pressuring the
estimated 2,000 insurgents to flee the town or switch sides.
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Survey Of Retired N.Y. Police Dept. Officers Raises Questions On Crime Data
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Posted By: Intellpuke
2010-02-07 05:07:02 (2 days ago)
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More than a hundred retired New York Police Department captains and
higher-ranking officers said in a survey that the intense pressure to
produce annual crime reductions led some supervisors and precinct
commanders to manipulate crime statistics, according to two
criminologists studying the department.
The retired members of the force reported that they were aware over
the years of instances of “ethically inappropriate” changes to
complaints of crimes in the seven categories measured by the
department’s signature CompStat program, according to a summary of the
results of the survey and interviews with the researchers who conducted
it.
The totals for those seven so-called major index crimes are provided to the F.B.I., whose reports on crime trends have been used by Mayor Michael R. Bloomberg and his predecessor, Rudolph W. Giuliani, to favorably compare New York to other cities and to portray it as a profoundly safer place, an assessment that the summary does not contradict.
In interviews with the criminologists, other retired senior officers
cited examples of what the researchers believe was a periodic practice
among some precinct commanders and supervisors: checking eBay, other
Web sites, catalogs or other sources to find prices for items that had
been reported stolen that were lower than the value provided by the
crime victim. They would then use the lower values to reduce reported
grand larcenies - felony thefts valued at more than $1,000, which are
recorded as index crimes under CompStat - to misdemeanors, which are
not, said the researchers.
Others also said that precinct commanders or aides they dispatched
sometimes went to crime scenes to persuade victims not to file
complaints or to urge them to change their accounts in ways that could
result in the downgrading of offenses to lesser crimes, the researchers
said.
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In Britain: Sharp Rise In Number Of Older People With Fatal Allergies
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Posted By: Intellpuke
2010-02-07 05:03:46 (2 days ago)
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The number of people in the United Kingdom at
risk from severe and fatal allergic reactions has increased sharply
every year for the past 15 years, according to new National Health Service (NHS) figures. The number of adults developing potentially lethal new allergies for the first time has also accelerated dramatically. The
figures reveal an unprecedented year-on-year increase in the number of
prescriptions issued to those at risk of the most serious allergic
reaction, known as anaphylactic shock. The most common triggers are
allergies to eggs, nuts, fish, dairy products, fruit and vegetables,
and latex. Potentially fatal reactions to insect stings are also
increasingly common, as are dramatically adverse reactions to drugs and
medication. New research obtained by the Observer from
the NHS Information Center reveals the number of emergency adrenaline
injectors issued by doctors to combat severe allergies rose by 112% in
2008. The tables show that a record 211,040 injectors were issued,
compared with 101,032 in 2003 and just 25,320 in 1995 - a rise of more
than 700% in 13 years. Although the number of prescriptions
has accelerated to a record high, there has also been an increase of
more than a quarter in the number of emergency hospital admissions of
people suffering anaphylactic shock. Experts say that a large
proportion of these admissions involving "new onset" patients, who are
experiencing a severe reaction to a food, medication or drug with which
they have never previously had a problem, or never come into contact
before. Pam Ewan, a consultant allergist at Addenbrooke's
hospital in Cambridge, and a member of the National Allergy Strategy
Group, said: "The rise in numbers is to do with a raised general
awareness of allergies, but we are, as a population, becoming more
allergic overall.
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Mitch Landrieu Wins New Orleans Mayor's Election By Landslide
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Posted By: Intellpuke
2010-02-07 05:03:15 (2 days ago)
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Riding a wave of discontent with political corruption, high crime
rates and the slow pace of the city’s recovery, Lt. Gov. Mitch Landrieu
was elected mayor of New Orleans by a landslide on Saturday, the first
white man to hold the position since his father, Moon Landrieu, left
office in 1978.
Landrieu won with 66 percent of the vote. His closest
challenger, Troy Henry, a businessman and first-time candidate, had 14
percent.
“We’re all going together, and we’re not leaving anybody behind,”
said Landrieu in a victory speech, where he was surrounded by his
father, his sister - Mary L. Landieu, the Democratic senator from Louisiana - and a crowd of family members, associates and a even a jazz musician or two.
Landrieu emphasized his campaign theme of common ground in his
remarks, saying that the people of New Orleans had decided to “strike a
blow for unity, strike a blow for a city that decided to be unified
rather than divided, a city that understands where there is equal
opportunity there is equal responsibility.”
Given that Landrieu won more than half of the vote, a runoff election is not necessary.
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6.6 Magnitude Hits Off Japan's Southern Coast
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Posted By: Intellpuke
2010-02-07 05:02:09 (2 days ago)
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Japan's Meteorological Agency has issued a tsunami warning for
several small islands after a strong earthquake shook an area off the
country's southern coast.
The agency says the earthquake hit at
3:10 p.m. (0610 GMT) and registered magnitude 6.6. The U.S. Geological
Survey measured the quake at 6.4.
The Japanese agency says the tsunami is expected to be about 1.6 feet (50 centimeters) high.
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Interview With German Economic Adviser - Euro Zone 'Could Cope With Greek Bankruptcy'
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Posted By: Intellpuke
2010-02-05 15:56:43 (3 days ago)
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Greece is currently facing the prospect of
bankruptcy, which could threaten the euro. In an interview with Spiegel
Online, Peter Bofinger, a prominent economic adviser to the German
government, explains why he believes Europe's common currency would
survive a Greek collapse and calls for a new global monetary order.
SPIEGEL ONLINE: The European Commission has prescribed a strict
program of austerity measure for Greece. The government in Athens needs
to cut its budget deficit by 75 percent by 2012, and E.U. aid is not
planned. But it is unclear whether Greece will be able to steer its way
out of trouble on its own. Is Brussels risking a state bankruptcy?
Peter Bofinger: To the contrary. The tough stance against Greece
is the only correct approach. A cash injection from Brussels would have
set a dangerous precedent - it would have signaled to other problem
countries like Portugal or Spain that when the going gets tough, the
European Union will rescue them.
SPIEGEL ONLINE: But isn't that precisely what is needed right
now? The financial problems of the southern European members are
putting pressure on the entire euro zone. Some of your fellow
economists fear a crash would trigger a domino effect and cause a rapid
plunge in the value of the euro.
Bofinger: Some of my fellow economists are going too far.
Compared to other currency zones, the euro zone is doing a lot better
than many claim. The national debts and new state borrowing is lower
than in the United States. And in an emergency it could also cope with
a Greek bankruptcy. The country produces just 2.6 percent of the euro
zone's GDP.
SPIEGEL ONLINE: Still, the loss of faith in the euro would be
massive. And regarding national debt, debt within the euro zone is
currently about 88 percent of its GDP. You call that figure low?
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Sen. Dodd: Talks With Republicans On Financial Bill At 'Impasse'
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Posted By: Intellpuke
2010-02-05 15:56:06 (3 days ago)
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The senator who is shepherding the Obama administration’s package of
Wall Street reforms through Congress said on Friday morning that talks
with his Republican counterpart have broken down.
The senator, Christopher J. Dodd, indicated that Democrats would forge ahead with their own bill, after
months of talks that had been aimed at reaching a bipartisan consensus.
Dodd, a Connecticut Democrat who is chairman of the Senate
Banking Committee, has led closed-door negotiations since November over
the regulatory overhaul. Throughout the week - which included two
hearings on the White House’s latest proposals to rein in the size and
activities of banks - Dodd had one-on-one talks with the
committee’s senior Republican member, Richard C. Shelby, of Alabama. One particular sticking point has been the creation of a
consumer protection agency.“Last night, Senator Shelby assured me that
he is still committed to finding a consensus on financial reform, but
for now we have reached an impasse,” Dodd said on Friday morning.
He added: “While I still hope that we will ultimately have a
consensus package, it is time to move the process forward. I have
instructed my staff to begin drafting legislation to present to the
committee later this month.”
Senator Shelby, for his part, said he was not obstructing the
legislation. While he stopped short of criticizing the Democrats on the
committee, Shelby suggested that the plan for a consumer protection
agency would interfere with sound banking regulation.
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Shame And Fear: Inside Germany's Catholic Church Abuse Scandal
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Posted By: Intellpuke
2010-02-08 21:12:19 (4 hours ago)
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The Catholic Church in Germany has been shaken in
recent days by revelations of a series of sexual abuse cases. Close to
100 priests and members of the laity have been suspected of abuse in
recent years. After years of suppression, the wall of silence appears
to be crumbling.
This is what it looks like, the document of a conspiracy: 24 pages,
with appendix, in Latin, published by the Congregation for the Doctrine
of the Faith at the Vatican. A "norma interna," or confidential set of
guidelines for all bishops, who were required to keep it a secret for
all eternity, in the name of the Father, the Son and the Holy Ghost.
The guidelines, issued in the year of our Lord 1962, address a
sensitive subject: sex in the confessional. The Vatican doesn't put it
quite that directly, preferring to use more guarded terminology to
describe what happens when a priest leads a member of his flock astray
before, during or after the confession - in other words, when he
provokes a penitent "toward impure and obscene matters" through "words
or signs or nods of the head (or) by touch."
According to the instructions from Rome, the bishops were to deal
very firmly with each individual case - so firmly, in fact, that
everything would remain within the confines of the Holy Church. After
all, the Congregation for the Doctrine of the Faith -- formerly known
as the Inquisition - has centuries of experience in conducting
internal investigations. The Vatican has always filled all the
positions in such investigations - prosecutors, defendants, judges -
from within its own ranks, while the investigation files have been kept
in the secret archives of the Roman Curia.
Claim to Moral Authority
On the surface, the Vatican's objective is to protect the sacrament
of the confession. In reality, however, it is trying to uphold the
Catholic Church's claim to being a superior moral authority.
Nothing can be allowed to besmirch this authority: not the sexual
abuse of children and adolescents, committed by thousands of Catholic
priests worldwide; not the secret relationships between pastor and
their housekeepers; not the covering-up of priests' children; and not
the love affairs between gay clerics. They are all cases of a double
standard that arose because it is difficult for people - even priests -
to subordinate their human desires to a papal encyclical.
This code of silence has been upheld for decades, in some cases
informally and in some cases by virtue of Vatican directives like the
1962 guideline.
But now the wall of silence is coming down here in Germany. It
started when Berlin's Canisius College, an elite Jesuit high school,
recently disclosed the sordid past of a number of members of the order,
who had abused students at the school in the 1970s and 1980s. After
that, new victims began coming forward on a daily basis. By last
Friday, at least 40 of them had accused three Jesuit priests of
molesting children and adolescents, first in Berlin and later at the
St. Ansgar School in Hamburg, the St. Blasien College in the Black
Forest and in several parishes in the northern German state of Lower
Saxony.
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Interview With Palestinian President Mahmoud Abbas: 'I Will Not Back Down'
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Posted By: Intellpuke
2010-02-08 21:11:50 (4 hours ago)
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Palestinian President Mahmoud Abbas, 74,
discusses peace negotiations with Israel and his disappointment with
United States President Barack Obama in an exclusive Spiegel interview.
SPIEGEL: Mr. President, the whole world is waiting for you to
meet with Israeli Prime Minister Benjamin Netanyahu for talks. When is
this finally going to happen?
Abbas: That depends on Israel. We Palestinians have always said
that we are willing to negotiate, but only if Israel stops settlement
construction completely and recognizes the 1967 borders.
SPIEGEL: Why are you standing in the way of talks by setting these preconditions?
Abbas: They aren't preconditions, but steps that are overdue
after the first phase of the international roadmap for peace. Unlike
Israel, we have met our obligations: We have recognized Israel's right
to exist, and we are combating violent Palestinian groups. The
Americans, the Europeans and even the Israelis have acknowledged this.
SPIEGEL: At least Netanyahu has ordered a 10-month freeze on
settlements, something no other Israeli prime minister has done.
Wouldn't it be your turn now to take a step in his direction?
Abbas: It isn't a real moratorium, because a few thousand
housing units are still being built in the West Bank, and Jerusalem is
completely exempted from the settlement freeze.
SPIEGEL: You negotiated with Netanyahu's predecessor, Ehud
Olmert, even though settlement construction was continuing without
restrictions at the time. Aren't you applying a double standard here?
Abbas: In a way, yes. But I have asked Olmert to freeze
settlement construction every time we met. Besides, Barack Obama was
elected president of the United States in the interim. In his speech to
the Islamic world in Cairo, he called for a complete freeze on
settlements. When the American president does this, I cannot accept
anything less.
SPIEGEL: But now Obama is only talking about Israeli "restraint"
in building settlements. At his request, you even agreed to a symbolic
handshake with Netanyahu in New York.
Abbas: I was initially very optimistic after Obama won the
election. His Middle East envoy, George Mitchell, kept coming to us and
promised to urge the Israelis to stop settlement construction
completely. Mitchell said that the negotiations would only resume after
a moratorium. The American government suddenly backed away from this
position in September.
SPIEGEL: Are you saying that it's the Americans' fault that things aren't progressing?
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Dow Closes Below 10,000 For First Time Since Nov. 4
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Posted By: Intellpuke
2010-02-08 21:11:31 (4 hours ago)
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The Dow Jones industrial average, one of the most watched metrics of
the financial world, dipped below the 10,000 threshold on Monday,
delivering a psychological setback as investors sought to overcome
fears of a faltering global recovery.
At the close of trading on Monday, the Dow settled at 9,908.39, its lowest close in three months.
Lingering fears over a debt crisis in Europe helped trigger the
Dow’s fall. As several countries across the Atlantic grapple with
swelling deficits, investors spent Monday trying to gauge how seriously
American banks would suffer if European governments could not pay back
their debt.
Analysts said the Dow’s drop below 10,000 probably did not mean much
for the future of the stock market, but they noted it had a deeper
psychological effect for Wall Street.
“Investors and traders find solace in 10,000,” said Jeffrey A.
Hirsch, editor of "The Stock Trader’s Almanac". “While it may not be
important technically, falling below that level indicates that the
whole economic picture is not as rosy as everyone had thought.”
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Commentary: The Case For Climate Change Must Be Remade From The Ground Upwards
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Posted By: Intellpuke
2010-02-08 21:11:07 (4 hours ago)
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Intellpuke: This commentary was written by Guardian deputy
editor Ian Katz, writing from Manchester, England. In his commentary,
which appeared in the Guardian edition for Monday, Feb. 8, 2010, Mr.
Katz writes: "With the science under siege and the politics in
disarray, it may fall to civil society to keep this still crucial fight
alive." His commentary follows:
What a difference three
months makes. Back in November, the world broadly agreed that emissions
of carbon dioxide were heating up the planet and that we needed to do
something about it, even if we couldn't agree exactly what. And though
we'd had the usual pre-summit rollercoaster ride of dire predictions
and naive exhortations (yes, I plead guilty to some of those), even
hardheaded types dared to hope that Copenhagen might produce the basis
of a global climate treaty. As late as December 7, 56 newspapers around the world could declare in in a common, Guardian-led editorial: "The politicians in Copenhagen have the power to shape history's
judgment on this generation: one that saw a challenge and rose to it,
or one so stupid that we saw calamity coming but did nothing to avert
it." Now, with climate science under siege and climate politics
in disarray, that sounds like the rhetoric of another age. The American
commentator Walter Russell Mead recently captured the mood: "The global warming movement as we have known it is dead … basically,
Sarah Palin 1, Al Gore zip." A senior British diplomat compares those
trying to secure global action on climate change post-Copenhagen to
"small groups wandering in different directions around the battlefield
like a beaten army". A leading scientist offers an equally pithy
assessment: "Everybody is completely clueless." Not depressed yet? This weekend a BBC poll showed a dramatic fall in the number of people who believe warming is
happening; carbon markets have tumbled; a Guardian survey of over 30
leading figures involved in climate negotiations found almost none who
believed a global deal was possible this year; in Australia a man who
described climate change as "absolute crap" could soon be prime
minister. What went wrong? How long have you got: the leak of the
"climategate" emails that showed scientists behaving just as tribally
as their detractors, the Intergovernmental Panel on Climate Change's
great glacier meltdown (enough "gates" for now), the abject failure of
Copenhagen, Obama's Massachusetts disaster and a bitterly cold winter
in much of Europe and the U.S. If you doubt the effect of the last of
these, take a look at stories like "The mini-ice age starts here" in
the Daily Mail, or the website entitled If Global warming Is Real Then Why Is It Cold?. Add to that lot a mildly hysterical binary culture in which the case
for action on climate change is either unanswerable or in tatters, and
the perfect storm is complete.
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Ahead Of SWIFT Vote: U.S. Urges European Parliament To Back Bank Data Deal
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Posted By: Intellpuke
2010-02-08 21:10:36 (4 hours ago)
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As the European Parliament prepares to flex its
muscles in the vote on the SWIFT data deal, the U.S. is trying to
convince the Europeans of the importance of sharing bank transfer
information. U.S. officials say the E.U. and Germany have already benefited
from the SWIFT reports in fighting terrorism.
The United States is upping the pressure ahead of a vote in the European Parliament later this week on an agreement that would continue to allow U.S. terror
investigators access to bank transfer data. Washington is warning the
European Union and Germany that there could be serious diplomatic
consequences, as well as security gaps, if the so-called SWIFT
agreement gets overturned on Thursday.
The Society for Worldwide Interbank Financial Transactions, the company
that conducts the majority of the world's banking transfers, recently
moved its servers from the U.S. to Europe, raising concern among
Washington's terrorism investigators that they may lose access to data
on cross border financial transactions.
At the end of November, European governments endorsed an agreement
to permit U.S. authorities to access the data. However, under the terms
of the Lisbon Treaty, which came into force late last year, the
European Parliament now has the authority to approve or reject such
agreements.
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Iran's Nuclear Plans Prompt New Calls For Sanctions
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Posted By: Intellpuke
2010-02-08 21:10:08 (4 hours ago)
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Iran told the United Nations nuclear watchdog agency on Monday that it would begin enriching its
stockpile of uranium for use in a medical reactor, prompting officials
from the United States, France and Russia to call for stronger
sanctions against Tehran.
Late Monday in Vienna, Austria, the International Atomic Energy Agency confirmed that it had received a letter from Iran declaring its intent
to begin enriching uranium up to 20 percent. The agency’s statement
gave no date for starting the enrichment, though Tehran said that might
come as early as Tuesday.
Tehran’s decision elicited a sharp reaction in the West. In Paris,
the visiting United States defense secretary, Robert M. Gates,said the Obama administration and its allies had done all they could to
entice Iran to negotiate an end to its nuclear program.
“All of these initiatives have been rejected,” said Gates. While
“we must still try and find a peaceful way to resolve this issue, ” he
said, “the only path that is left to us at this point, it seems to me,
is that pressure track. But it will require all of the international
community to work together.”
Even in Russia, which along with China has consistently resisted
sanctions against Iran, there were calls for stronger action against
Tehran. Konstantin I. Kosachyov, the head of the foreign affairs
committee in the lower house of the Russian Parliament, was quoted by
the Interfax news agency as urging the international community to
prepare “serious measures.”
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Ukraine Remains Divided After Runoff Election
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Posted By: Intellpuke
2010-02-08 21:09:05 (4 hours ago)
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Ukraine looks to be heading for political
stalemate after Sunday's runoff presidential election. With over 95
percent of the votes counted, opposition leader Viktor Yanukovych
appears to have won, but he has failed to achieve a convincing lead over
his rival Yulia Tymoshenko. She may contest the result in court.
As Yulia Tymoshenko prepared to speak at a press conference in Kiev
on Sunday evening, it had already become clear that she had not manage
to achieve the majority she hoped for in Ukraine's presidential runoff election. Exit polls indicated that she trailed her rival Viktor Yanukovych by several percentage points.
Dressed in a brilliant white dress with a large shiny brooch, she
strode energetically up to the podium, making her way through a throng
of supporters and journalists. "I am convinced," she told the crowd,
"that the majority of citizens have voted for a democratic, European
and strong Ukraine."
On Sunday evening, Tymoshenko appeared to have received some 45 percent
of the vote with Yanukovych coming in at around 49 percent. The
remaining voters rejected both candidates. By Monday morning,
Yanukovych's lead had shrunk. According to numbers posted on the
Central Election Commission's Web site, Yanukovych had 48.23 percent of
the vote against 46.14 for Tymoshenko. Just over 95 percent of the vote
has been counted, but election officials told Reuters that Yanukovych
would emerge the victor.
Ukrainian electoral law stipulates that a simple majority is all
that is necessary in a runoff. But with the gap between the two
candidates so narrow, Tymoshenko, currently the Ukrainian prime
minister, has so far refused to acknowledge defeat. Indeed, she appears
to be keeping open the possibility of challenging the election result
in court over alleged fraud.
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Editorial: The Truth About The U.S. Deficit
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Posted By: Intellpuke
2010-02-07 05:07:54 (2 days ago)
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Intellpuke: This editorial appeared in the New York Times edition for Sunday, February 7, 2010.
When the White House released its new budget last week, including
more spending to create desperately needed jobs, Republican leaders in
Congress denounced President Obama for driving up the deficit and
demanded that the Democrats halt their “reckless” ways.
The deficit numbers - a projected $1.3 trillion in fiscal 2011 alone
- are breathtaking. What is even more breathtaking is the Republicans’
cynical refusal to acknowledge that the country would never have gotten
into so deep a hole if President George W. Bush and the Republican-led
Congress had not spent years slashing taxes - mainly on the wealthy -
and spending with far too little restraint. Unfortunately, the problem
does not stop there.
The Republican amnesia and posturing are playing well on the
hustings, where Americans are deeply anxious about the economy and
fearful of losing their jobs and homes. Far too many Democratic
lawmakers are losing their nerve.
Americans should be anxious, for reasons including the huge deficit.
But the cold economic truth is this: At a time of high unemployment and
fragile growth, the last thing the government should do is to slash
spending. That will only drive the economy into deeper trouble.
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Testy Conflict With Goldman Helped Push A.I.G. To The Edge
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Posted By: Intellpuke
2010-02-07 05:07:21 (2 days ago)
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Billions of dollars were at stake when 21 executives of Goldman Sachs and the American International Group convened a conference call on Jan. 28, 2008, to try to resolve a rancorous dispute that had been escalating for months.
A.I.G. had long insured complex mortgage securities owned by Goldman
and other firms against possible defaults. With the housing crisis
deepening, A.I.G., once the world’s biggest insurer, had already paid
Goldman $2 billion to cover losses the bank said it might suffer.
A.I.G. executives wanted some of its money back, insisting that
Goldman - like a homeowner overestimating the damages in a storm to get
a bigger insurance payment - had inflated the potential losses. Goldman
countered that it was owed even more, while also resisting consulting
with third parties to help estimate a value for the securities.
After more than an hour of debate, the two sides on the call signed
off with nothing settled, according to internal A.I.G. documents and an
audio recording reviewed by the New York Times.
Behind-the-scenes disputes over huge sums are common in banking, but
the standoff between A.I.G. and Goldman would become one of the most
momentous in Wall Street history. Well before the federal government
bailed out A.I.G. in September 2008, Goldman’s demands for billions of
dollars from the insurer helped put it in a precarious financial
position by bleeding much-needed cash. That ultimately provoked the government to step in.
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Iraqi Militants Post Video Of Kidnapped American
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Posted By: Intellpuke
2010-02-07 05:06:40 (2 days ago)
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A Shiite militant group in Iraq
has posted an Internet video showing an American it says it abducted
and who appears to be a contractor reported missing by the U.S.
military.
The U.S. Department of Defense said Friday that American contractor
Issa T. Salomi, 60, went missing Jan. 23 in Baghdad and that search and
recovery efforts were under way, but it released no other details. The
U.S. military in Baghdad on Saturday confirmed Salomi is missing
but would not provide additional information.
In the video, the man - who did not identify himself - says his
abductors from the League of the Righteous are demanding the release of
militants and the prosecution of Blackwater security contractors
accused of killing 17 Iraqis in 2007 in Baghdad.
"The second demand is to bring the proper justice and the proper
punishment to those members of Blackwater company that have committed
unjustifiable crimes against innocent Iraqi civilians," the man said.
"And to bring justice by proper compensation to the families that have
been involved in great suffering because of this incident."
Blackwater security contractors were protecting U.S. diplomats when
the guards opened fire in Nisoor Square, a crowded Baghdad
intersection, on Sept. 16, 2007. Seventeen people were killed,
including women and children, in a shooting that inflamed anti-American
sentiment in Iraq.
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Ukraine Set For A Tilt To The East As Russia's Ally Leads In Polls
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Posted By: Intellpuke
2010-02-07 05:03:35 (2 days ago)
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Ukraine is Sunday on the brink of a new political era, with polls suggesting
that the pro-Russian opposition leader Viktor Yanukovych - compared by
critics with the gaffe-prone George Bush - will become the new
president.
Yanukovych, a former convict, is likely to emerge as
the winner in Sunday's final round of the bitter presidential election.
Private surveys indicate that he is between three and six points ahead
of his rival, Yulia Tymoshenko, the prime minister. Today's run-off
vote follows a preliminary round last month in which Yanukovych had a
10.3% lead.
Victory would allow him to avenge a humiliating
defeat in 2004, when his bungling attempts to fix the vote unwittingly
provoked the Orange Revolution and propelled his pro-western opponent,
Viktor Yushchenko, into power. Since then Yushchenko and Tymoshenko,
once Orange allies, have irrevocably fallen out.
In contrast to
the existential struggle of 2004, when Ukraine's future as a democratic
state appeared at stake, many voters now appear disillusioned with the
Orange Revolution and both candidates. A growing number are preparing
to vote "against all" - a Soviet-era category allowing them to register
a protest vote.
The election follows a brutal campaign,
poisonous even by the mud-slinging standards of Ukraine's murky
politics. Last week Yanukovych's Party of the Regions forced through an
amendment in parliament to voting procedures - a move that prompted
furious accusations of fraud from both candidates.
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Top Canadian Banks Want Government To Cool Off Rise In Home Prices
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Posted By: Intellpuke
2010-02-07 05:02:54 (2 days ago)
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Canada's top bankers are pushing the government to clamp down on the mortgage market to cool off the rise in home prices.
The heads of the country's six largest banks have privately told
policy makers that they fear the wide-ranging economic fallout of a
U.S. style binge-and-collapse in housing. To head off any chance of
that happening, they are willing to accept tighter rules on mortgages
that would slow the real estate market, even though it would mean
forgoing some short-term profits from giving out ever bigger mortgages
as home prices jump.
The chief executives of the Big Six made their point last November,
when they met with Bank of Canada Governor Mark Carney. The country's
top commercial bankers, who between them control more than
three-quarters of the country's $940-billion mortgage market, said then
that they wanted the government to look at far-reaching options, such
as raising the minimum down payment to as much as 10 per cent and shortening the maximum amortization period to 30 years.
Carney didn't disagree, according to people familiar with the November talks.
"We're talking about being pre-emptive here," said a senior bank
executive who spoke on condition of anonymity. "We're not in a bubble
yet, or a credit crisis."
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Interview With John And Doris Naisbitt: 'China Is A Country Without An Ideology'
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Posted By: Intellpuke
2010-02-05 15:56:53 (3 days ago)
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John Naisbitt found success with his bestseller
"Megatrends." Now, he and his wife Doris have published a new book
about China. They argue that the country has developed a new political
and social system - and may be more democratic than the West.
SPIEGEL ONLINE: Google appears to be pulling out of China,
ostensibly the result of hacker attacks and because the company is no
longer willing to censor its search results. Are they doing the right
thing?
John Naisbitt: They've broken a contract. In order to get a
license, they agreed not to allow searches on certain subjects. And
now, four years later, they say 'we won't do this anymore because we've
been hacked.' In Russia, hackers are much more vigorous and plentiful,
but Google has said nothing. The company has a big market share there
whereas in China it doesn't. Google is breaking the contract and it's
blaming it on something else.
SPIEGEL ONLINE: So you think it's a PR stunt?
Doris Naisbitt: We cannot say that, but it's a gift! Look what a
wonderful marketing effect this has for Google - being the David
fighting Goliath.
John Naisbitt: Say it's a PR stunt - it couldn't have succeeded
any better. Because here you have U.S. Secretary of State Hillary Clinton
getting on Google's side, not understanding the contractual situation,
and making the Internet one of the foreign policy planks of the
administration. That's not a bad thing. But it went from a contractual
disagreement to the secretary of state becoming a spokesperson for
Google.
SPIEGEL ONLINE: Does the Chinese government respond to external pressure, whether from a company like Google or the U.S. government?
John Naisbitt: They are built to resist outside pressure. They
really resent being jerked around. They resent Google putting them in a
position where it looks like it's their fault when Google is the one
that initiated this challenge. I think they're really pissed off. In
China, when you make a deal, you never sign anything, you just shake
hands. It's all based on trust. But if you break that, you're dead in
the water. This breaking of trust is a really big deal for the Chinese.
SPIEGEL ONLINE: At its core, this is a cultural conflict?
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Judge Overturns Boycott Barring Iranians from Dutch Nuclear Sites
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Posted By: Intellpuke
2010-02-05 15:56:15 (3 days ago)
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A judge on Wednesday tossed out a 2008 boycott barring Iranians from Dutch
nuclear sites.
The Dutch professional association of physicists NNV regularly held readings
in a small room that was part of the nuclear power plant in the town of
Petten. Until July 2008 that was, when the Dutch government instituted an
official boycott of Iran. The boycott was supposed to prevent Dutch nuclear
secrets from falling into Iranian hands, perhaps through Iranian students
visiting the Netherlands.
The boycott meant Iranian national Nasser Kalantar, the chair of the NNV’s
nuclear physics section, was no longer welcome at the nuclear plant. “Not
even in the cafeteria,” said Kalantar, who is also a professor of
experimental physics at Groningen University.
On Wednesday however, the The Hague district court ruled the policy unfairly
discriminated against people of Iranian descent, effectively putting an end to
Kalantar’s expulsion from Petten.
The spectre of nuclear espionage still lingers in the Netherlands, where Abdul
Quadeer Khan learned all he needed about enrichment technology in the 1970s
to help his home country, Pakistan, to build a nuclear bomb after he
returned there. Khan later admitted to also playing a key role in the
proliferation of nuclear technology to Iran, Libya and North Korea, a
confession he later recanted however.
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U.S. House To Vote On Stripping Health Insurers' Antitrust Protection
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Posted By: Intellpuke
2010-02-05 15:55:55 (3 days ago)
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The U.S. House of Representatives plans next week to vote on - and
probably approve - a measure to strip health insurers' antitrust
protections, which will be Congress' first step this year to try to
overhaul the nation's health care system.
However, the
effort to remove the 65-year-old exemption is a small step that's
unlikely to have much direct impact on consumers, according to
independent analysts.
"I
don't think this will have much effect. This is strictly political
posturing," said Paul Ginsburg, the president of the Center for
Studying Health System Change, a Washington research group.
The
House action is a way to jump-start Congress' stalled health care
effort. The House passed a sweeping blueprint for change on Nov. 7, the
Senate approved its version Dec. 24 and the two sides had hoped to
fashion a compromise by now.
That effort was derailed on Jan. 19,
when Republican Scott Brown won an upset victory for the Massachusetts
Senate seat held for 47 years by Democratic Sen. Edward Kennedy, who
emphasized just before he died in August that health care was the cause
of his life.
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