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Older News Archivescom0116
NEWS WEDNESDAY,
MARCH 10, 2010 NEWS
EARLY EDITION
43%
Have Less Than $10K For Retirement
The percentage of American workers with virtually no retirement savings
grew for the third straight year, according to a survey released Tuesday.
The percentage of workers who said they have less than $10,000 in savings
grew to 43% in 2010, from 39% in 2009, according to the Employee Benefit
Research Institute's annual Retirement Confidence Survey. That excludes
the value of primary homes and defined-benefit pension plans. CNN
VOA VIEW: Democrats in Congress have been
in the majority for the three years.
Time
Warner Cable Urges U.S. To Block TV Blackouts
Time Warner Cable Inc. plans to ask U.S. regulators to block broadcasters
from cutting signals during fee disagreements, aiming to avoid disruptions
such as Walt Disney Co.’s blackout of the Academy Awards. The company plans
to submit a petition to the Federal Communications Commission this week,
according to an e-mail today. Time Warner Cable will ask the FCC to consider
arbitration and force broadcasters to maintain their signals during disputes.
Bloomberg
White
House Sticks To Healthcare Deadline
The White House said Tuesday it still believes the U.S. House will
vote on a healthcare bill by March 18 even though a key lawmaker suggested
that's unlikely. White House spokesman Robert Gibbs renewed his earlier
prediction that the House will vote on the Senate healthcare bill before
President Barack Obama leaves March 18 for a weeklong trip to Indonesia
and Australia. UPI
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Turkey, Angry
At U.S., Pledges Support For Iran
As the Obama administration scrambles to contain the diplomatic fallout
with Turkey over the “Armenian genocide” resolution in the U.S. Congress,
Turkey’s tilt towards Iran continues largely unnoticed. Turkey’s “formerly
Islamist” president, Abdullah Gul, in a weekend telephone conversation
with his Iranian counterpart called for a deepening of bilateral relations
and voiced support for Iran in international forums. Turkey is non-permanent
member of the U.N. Security Council, the most important international body
to have Iran on its current agenda. CNS
News
U.S.
Millionaire Ranks Up 16 Percent Last Year
Households with a net worth of $1 million or more, excluding their
primary residence, totaled 7.8 million in 2009, up from 6.7 million in
2008, according to Spectrem Group. The number of millionaire households
shrank by 27 percent in 2008, it said. The current total is still well
below the record 9.2 million millionaire households reported in 2007, Spectrem
said. Last year's spike came as U.S. stock markets rallied. Reuters
Biden
Slams Jerusalem Housing Plan
U.S. Vice President Joe Biden condemned a new Israeli plan to build
hundreds of homes in disputed east Jerusalem on Tuesday, casting a cloud
over a high-profile visit that had been aimed at repairing ties with the
Jewish state and kickstarting Mideast peace talks. Israel's Interior Ministry
said late Tuesday that it had approved construction of 1,600 new apartments,
an embarrassing setback for Biden after a day of warm meetings with top
Israeli officials. MSNBC
VOA VIEW: Biden is an idiot to criticize
Israel on an issue that will not change - Israel will not give up
east Jerusalem.
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Cisco
Unveils Ultra-Fast Internet Technology
Cisco unveiled a new Internet technology Tuesday that it says will
provide the ultra-fast data speeds necessary to stay ahead of users' rapidly
growing online video demands. The new technology, known as "CRS-3," is
a network routing system that will be able to offer downloads of up to
322 Terabits per second, according to the company. Translation: Well in
Cisco terms, the router will be able to provide download speeds of 1 Gigabit
per second for everyone in San Francisco, download the entire printed collection
of the Library of Congress in 1 second and stream every movie ever created
in less than 4 minutes. CNN
The
Line Between Jobless Benefits And Welfare
Millions of Americans have been forced to rely on unemployment payments
for extended periods as the nation struggles through its longest period
of high joblessness in a generation, and critics are taking aim, saying
that the Depression-era program created as a temporary bridge for laid-off
workers is turning into an expensive entitlement. About 11.4 million out-of-work
people now collect unemployment compensation, at a cost of $10 billion
a month. Half of them have been receiving payments for more than six months,
the usual insurance limit. But under multiple extensions enacted by the
federal government in response to the downturn, workers can collect the
payments for as long as 99 weeks in states with the highest unemployment
rates — the longest period since the program's inception. MSNBC
Health
Reform's Real Effect On Abortion
President Obama's health care bill would change federal policy on abortion,
but not open the spigot of taxpayer dollars that some abortion opponents
fear. Abortion rights groups such as Planned Parenthood and NARAL Pro-Choice
America say the House and Senate versions of the bill represent the biggest
expansion of abortion restrictions in years, yet they're not trying to
defeat the measures. Instead, a bitter dispute among abortion opponents
over which version is stricter could derail Mr. Obama's quest to remake
the health insurance system. CBS
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U.S. Census Has
‘Policy Of Self-Identification’ For Same-Sex Couples
What kind of questions are going to be on the U.S. Census form? Just
ten “basic” questions, says the U.S. Census Bureau. And on a question about
relationships, same-sex couples may go with personal preference rather
than truth. According to the New Jersey Star-Ledger, the 2010 Census form
will allow same-sex couples to labels themselves as “husband or wife,”
even if the relationships are not recognized by law. CNS
News
US
Official Apologizes For Insulting Libya Leader
A senior State Department official apologized Tuesday for a joking
remark he made about Libyan leader Moammar Gadhafi that prompted Libya
to threaten diplomatic retaliation. Chief department spokesman P.J. Crowley
said he regretted any offense caused by his response to a reporter's question
about Gadhafi's recent call for a holy war against Switzerland. Libya said
last week said it might take action against American interests there if
a formal apology was not made. Las
Vegas Sun
Bank
Capital Relief From CDS Should Be Restricted,
Regulators should restrict banks’ use of credit-default swaps to prevent
their capital requirements from falling to the “dangerously low levels”
reached during the financial crisis, Commodity Futures Trading Commission
Chairman Gary Gensler said. Under so-called Basel II rules, banks were
able to reduce their regulatory capital by relying on instruments that
shift credit risk, including credit-default swaps, Gensler said today in
prepared remarks at a derivatives forum sponsored by data provider and
credit-default swaps index administrator Markit Group Ltd. in New York.
Bloomberg
Racist
E-Mail Affecting Tennessee Tourism
A racially offensive e-mail comparing first lady Michelle Obama to
a chimpanzee is affecting the Tennessee tourism industry, officials said.
Walt Baker, the CEO of the Tennessee Hospitality Association, forwarded
the e-mail Thursday to about a dozen people, including the mayor of Nashville
and the president of the Nashville Convention & Visitors Bureau, The
(Nashville) Tennessean reported. The Tennessee Department of Tourist Development
heard from several potential tourists saying they would not be visiting
the state after hearing of the e-mail, the newspaper said. UPI
VOA VIEW: Few really care.
'US
Determined To Prevent Nuclear Iran'
US Vice President Joe Biden expressed America's "absolute, total, unvarnished
commitment to Israel' security" at a press conference in Jerusalem following
a meeting with Prime Minster Binyamin Netanyahu Monday morning. As such,
Biden said, Washington was "determined to prevent Iran from acquiring nuclear
weapons, and we are working with many countries around the world to convince
Iran to meet its international obligations to cease and desist." Jerusalem
Post
U.S.
Says "Drugged Driving" Growing Threat
Motorists under the influence of drugs are a growing threat on U.S.
roads, while the number who drink and drive has fallen thanks to education
and law enforcement, a top U.S. drug control official said on Tuesday.
The United States is calling for discussions at United Nations level to
tackle "drugged driving" and says it wants to collect data to gauge the
scale of the problem among public sector drivers and commercial truckers.
Reuters
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Senate
Staffers Warned To Stay Clear Of Drudge Report
The Senate's official gatekeeper, said the Drudge Report, a conservative
news aggregator, and whitepages.com "are responsible for the many viruses
popping up throughout the Senate," according to an e-mail to the Environment
and Public Works Committee. In the very body sworn to protect and defend
the Constitution, an e-mail is circulating warning U.S. Senate staffers
not to view one of the most popular news sites on the Web, claiming it
could spread computer viruses. Fox
News
Gov't:
Baby Slings Can Cause Suffocation
The U.S. government is preparing a safety warning about baby slings
— those popular and fashionable infant carriers that parents can sling
around their chests to carry their baby. The concern: Infants can suffocate,
and at least a few have. The head of the Consumer Product Safety Commission,
Inez Tenenbaum, said Tuesday that her agency is getting ready to issue
a general warning to the public, likely to go out this week, about the
slings. CBS
Pringles
Recall: Flavor Company Kept Shipping After Finding Salmonella
A nationwide seasoning recall that started with dips has expanded to
include popular Pringles potato chips as FDA investigators report the company
behind the recall kept shipping products even after finding them tainted
with salmonella. Investigators believe the contamination is in the pepper
coating.Proctor & Gamble has announced the recall of two flavors of
Pringles: Restaurant Cravers Cheeseburger and Family Faves Taco Night.
Both products included hydrolyzed vegetable protein (HVP), an obscure but
widely-used flavor-enhancing ingredient made by Basic Food Flavors, Inc.
ABC
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Class-Action
Lawsuits Could Cost Toyota $3B Or More
Toyota owners claiming that massive safety recalls are causing the
value of their vehicles to plummet have filed at least 89 class-action
lawsuits that could cost the Japanese auto giant $3 billion or more, according
to an Associated Press review of cases, legal precedent and interviews
with experts. Those estimates do not include potential payouts for wrongful
death and injury lawsuits, which could reach in the tens of millions each.
Still, the sheer volume of cases involving U.S. Toyota owners claiming
lost value -- 6 million or more -- could prove far more costly, adding
up to losses in the billions for the automaker. Fox
News
White
House: Eric Massa's Charges Are 'Ridiculous'
The White House today dismissed comments from a retiring Democratic
congressman who claimed his own party had hounded him out of office because
he had planned to vote against President Obama's health care bill. Press
Secretary Robert Gibbs says focus is on people, not insurance companies.
Rep. Eric Massa, D-N.Y., announced his resignation last week amid allegations
that he sexually harassed two male aides. The congressman first said he
was stepping down because his cancer had returned, but then shifted his
story, suggesting in a radio interview that he was being forced out of
Congress as part of a "setup" involving the White House. ABC
Roberts:
Scene At State Of Union `Very Troubling’
U.S. Supreme Court Chief Justice John Roberts said Tuesday the scene
at President Obama's State of the Union address was "very troubling" and
the annual speech has "degenerated to a political pep rally." Obama chided
the court, with the justices seated before him in their black robes, for
its decision on a campaign finance case. Responding to a University of
Alabama law student's question, Roberts said anyone was free to criticize
the court, and some have an obligation to do so because of their positions.
"So I have no problems with that," he said. "On the other hand, there is
the issue of the setting, the circumstances and the decorum. Las
Vegas Sun
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'Israel
Accepts Ankara As Mediator'
A source from the Prime Minister's Office on Tuesday afternoon denied
a news report quoting the Turkish prime minister as saying Israel has accepted
that Turkey will again mediate talks with Syria, and said that Jerusalem
has not made any decision to resume peace talks with Damascus. Turkey's
NTV television quoted Recep Tayyip Erdogan as telling reporters in Saudi
Arabia on Tuesday that the stalled talks may resume soon. Jerusalem
Post
Dutch Church
Orders Inquiry Into Sex Abuse Allegations
Earlier, the Vatican defended its response to child sex abuse allegations
in a number of European states, saying it had reacted rapidly and decisively.
In the latest revelations, the head of an Austrian monastery confessed
to abusing a boy more than 40 years ago. Separately, Pope Benedict's brother
said in an interview he slapped pupils in the face at a German choir school.
The Dutch investigation will be opened "as soon as possible", it was announced
after Dutch bishops met to discuss abuse claims by about 200 alleged victims,
some from several decades ago. BBC
Brazil
Slaps Trade Sanctions On US Over Cotton Dispute
The Brazilian government has announced trade sanctions against a variety
of American goods in retaliation for illegal US subsidies to cotton farmers.
The World Trade Organization (WTO) approved the sanctions in a rare move.
Brazil published a list of 100 US goods that would be subject to import
tariffs in 30 days, unless the two governments reached a last-minute accord.
It said it regretted the sanctions, but that eight years of litigation
had failed to produce a result. BBC
Somali
Leader Welcomes US Military Support
Somalia's president yesterday welcomed any US military involvement
in a long-awaited offensive in his country aimed at driving Islamist rebels
from the capital. During a visit to London, President Sheikh Sharif Ahmed
said US air support would help his troops to seize areas of Mogadishu as
he seeks to enlarge his weak government's tiny power base. Independent
China
And India Join Copenhagen Accord
China and India wrote to the UN's climate secretariat today agreeing
to be "listed" as a parties to the Copenhagen accord, the last-minute agreement
that emerged from the chaos of the UN's summit in Copenhagen. The action
falls short of full "association" and highlights the gulf between the US
– the strongest backer of the accord – and the other key nations on how
to deliver a global deal to combat climate change. Guardian
Patients'
Medical Records Go Online Without Consent
Those who do not wish to have their details on the £11 billion
computer system are supposed to be able to opt out by informing health
authorities. But doctors have accused the Government of rushing the project
through, meaning that patients have had their details uploaded to the database
before they have had a chance to object. The scheme, one of the largest
of its kind in the world, will eventually hold the private records of more
than 50 million patients. Telegraph
Millions
Will Have To Wait Until 4PM For Post
Under the terms of a new three year Royal Mail pay deal, which has
been criticised for allowing postmen to get paid more for working less,
letters and parcels will be delivered one hour later - 3pm in towns and
cities and 4pm in the countryside. Currently, the latest the post should
be delivered is 2pm in towns and cities, and 3pm in rural areas. The new,
even later deliveries were criticised by politicians and campaigners last
night, with some suggesting that "the householder and the small businessman
working from home is paying the price of this peace deal". Telegraph
Head
Of UN Mission In Haiti Says Humanitarian Aid Will Be Needed Until 2011
Nearly two months after Haiti was struck by a catastrophic earthquake,
the top United Nations official there says the country is moving towards
recovery and reconstruction but will need continued urgent humanitarian
relief for at least the next 12 months. “That first phase of humanitarian
aid and assistance will have to be there in a parallel track with the other
two – recovery and reconstruction – because the rainy season is already
arriving and we will have the hurricane season in June,” Edmond Mulet,
Acting Special Representative of the Secretary-General for the UN Stabilization
Mission in Haiti (MINUSTAH), told journalists today in New York. UN
News
UN
And Aid Partners Call For $60 Million To Help 110,000 Congolese Refugees
The United Nations and its partners today launched an appeal for just
under $60 million to help more than 100,000 refugees from the northwest
of the Democratic Republic of the Congo (DRC) who have fled ethnic violence
and are seeking refuge in neighbouring Republic of Congo (ROC). The funds
will help some 110,000 refugees, the vast majority of whom are women and
children, as well as 58,000 people in the Republic of Congo’s host areas
for a six-month period. UN
News
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