Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/175752187?client_source=feed&format=rss
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Monday, December 19, 2011
Sunday, December 18, 2011
Bell Mobility hints at Ice Cream Sandwich release dates for Galaxy S II, Raider and Sensation
Bell Mobility hints at Ice Cream Sandwich release dates for Galaxy S II, Raider and Sensation originally appeared on Engadget on Sat, 17 Dec 2011 17:17:00 EDT. Please see our terms for use of feeds.
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MobileSyrup | Email this | CommentsSource: http://www.engadget.com/2011/12/17/bell-mobility-hints-at-ice-cream-sandwich-release-dates-for-gala/
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Saturday, December 17, 2011
SEC Enforcement Chief Says Judge Rakoff Committted 'Legal Error ...
By Joe Palazzolo
Robert Khuzami, director of the SEC?s enforcement division, announced Thursday afternoon that the agency has asked the U.S. Court of Appeals for the Second Circuit to review U.S. District Judge Jed Rakoff?s rejection of the agency?s proposed $285 million settlement with Citigroup over a mortgage-bond deal.
He issued the following statement:
Last month, a federal district court declined to approve a consent judgment because, in its view, the underlying allegations were ?unsupported by any proven or acknowledged facts.? As a result, the court rejected a $285 million settlement between the SEC and Citigroup that reasonably reflected the relief the SEC would likely have obtained if it prevailed at trial.
We believe the district court committed legal error by announcing a new and unprecedented standard that inadvertently harms investors by depriving them of substantial, certain and immediate benefits.? For this reason, today we filed papers seeking review of the decision in the U.S. Court of Appeals for the Second Circuit.
We believe the court was incorrect in requiring an admission of facts ? or a trial ? as a condition of approving a proposed consent judgment, particularly where the agency provided the court with information laying out the reasoned basis for its conclusions.? Indeed, in the case against Citigroup, the SEC filed suit after a thorough investigation, the findings of which were described in extensive detail in a 21-page complaint.
The court?s new standard is at odds with decades of court decisions that have upheld similar settlements by federal and state agencies across the country.? In fact, courts have routinely approved settlements in which a defendant does not admit or even expressly denies liability, exactly because of the benefits that settlements provide.
Khuzami?s full statement is available here, and the WSJ has a story on the showdown between the SEC and Rakoff here.
Source: http://blogs.wsj.com/law/2011/12/15/rakoff-committed-legal-error-in-citigroup-ruling-khuzami-says/
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'Fear Factor' mom loves son ? just not that way
NBC
Monica, seen here supporting son Matias before a challenge on "Fear Factor," doesn't appreciate the comments she heard on the show.
By Ree Hines
On the premiere episode of the revamped "Fear Factor," viewers met Monica and Matias, a close -- really, really close -- mother and son team that was ready for any challenge or gross-out gag host Joe Rogan was willing to throw their way. But as it turns out, there was one thing the two?weren't ready for -- the way other teams, and even Rogan, reacted to their relationship.
See, Monica and Matias were hand-on with their support of each other on Monday night's show, and that left their competition with plenty to talk about.
"(Matias) and his mama -- they're touching each other a little too much for me," one member of the yellow team mentioned. "(They're) making me feel kind of funny."
It was a sentiment Rogan shared.
"I think a lot of people at home feel funny, too," he said on behalf of the home audience before adding, "I hug my mom every time I see her, but then I let go."
Now Monica has something to say about that.
"I am appalled and disgusted at the comments of people on the show about Matias? and my relationship and how it seems ?inappropriate? for a mother and son," she told TMZ. "Are you kidding me?"
Take that, yellow team.
Monica also insisted that "in no way, shape or form am I inappropriate with my son."
OK, "Fear Factor" fans, what do you think? Should Monica and Matias have expected the comments, given all of the parental PDA, or were the ones who made the remarks out of line? Share your thoughts on our Facebook page.
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Friday, December 16, 2011
Russian customs seize Iran-bound radioactive metal
MOSCOW (AP) ? Russia's customs agency said Friday that it seized radioactive metal from the luggage of an Iranian passenger bound for Tehran.
Spokeswoman Kseniya Grebenkina told The Associated Press that the luggage had been seized some time ago, but could not specify when. The Iranian hasn't been detained, she said.
The Federal Customs Service said in a statement that its agents found 18 pieces of metal at Moscow's Sheremetyevo airport after a radiation alert went on. It says the gauges showed that radiation levels were 20 times higher than normal.
It was not immediately clear if the substance could have any use in Iran's controversial nuclear program.
The pieces contained Sodium-22, she said, a radioactive isotope of sodium that could be produced in a particle accelerator. Sodium-22 is a positron-emitting isotope that has medical uses, including in nuclear medicine imaging.
Grebenkina said prosecutors have launched a probe into the incident.
Sergei Novikov, spokesman for the Rosatom nuclear agency, told the AP that the pieces are highly unlikely to have come from Rosatom and said the isotope is produced by particle accelerators, not by nuclear reactors.
In Russia, universities, research institutes and big medical centers have the technology to produce it, he said.
"There is an extremely slim chance that it could have come from Rosatom," he said.
Novikov said that Rosatom has never sold Sodium-22 to Iran, but it has supplied it with other types of medical isotopes.
Grebenkina of the Customs Service insisted that the material seized is not highly radioactive.
The U.S. House of Representatives on Wednesday endorsed harsher sanctions against Iran aimed at derailing its suspected pursuit of nuclear weapons. Iran denies Western allegations that it is seeking to build nuclear weapons.
Earlier this year, Atomstroiexport, a Rosatom subsidiary, launched Iran's first nuclear reactor in Bushehr.
Russian officials have insisted that the deal with Iran is in line with international agreements and will oblige Tehran to ship all the spent fuel from the plant back to Russia for reprocessing to avoid a possibility of it being used in a covert weapons program.
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Gingrich's tax plan takes him from irresponsible to reckless
Newt Gingrich's proposed tax plan would slash income taxes on the very rich, increasing the federal deficit by $850 billion in a single year. How can he get away? with this?
Newt Gingrich has done it again. With his new tax plan he has raised the bar from?irresponsibility to recklessness.
Skip to next paragraph Robert ReichRobert is chancellor's professor of public policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Clinton. He has written 13 books, including 'The Work of Nations,' 'Locked in the Cabinet,' and his most recent book, 'Aftershock: The Next Economy and America's Future.' His 'Marketplace' commentaries can be found on publicradio.com and iTunes.
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Every dollar estimate I?m about to share with you comes from the independent, non-partisan Tax Policy Center ? a group whose estimates are used by almost everyone in Washington regardless of political persuasion.
First off, Newt?s plan increases the federal budget deficit by about $850 billion ? in a single year!
To put this in perspective, most forecasts of the budget deficit cover ten years.??The elusive goal of the White House and many on both sides of the aisle in Congress is to reduce that ten-year deficit by 3 to 4 trillion dollars.
Newt goes in the other direction, with gusto. Increasing the deficit by $850 billion in a single year is beyond the wildest imaginings of the least responsible budget mavens within a radius of three thousand miles from Washington.
Imagine what Standard & Poor?s or Moody?s or Fitch would do if it became law. We?d go directly from a triple-A credit rating to triple X ? the veritable porn star of fiscal mayhem. Interest on our debt would become larger than most of the rest of the budget.
Most of this explosion of debt in Newt?s plan occurs because he slashes taxes. But not just anyone?s taxes. The lion?s share of Newt?s tax cuts benefit the very, very rich.
That?s because he lowers their marginal income tax rate to 15 percent ? down from the current 35 percent, which was Bush?s temporary tax cut; down from 39 percent under Bill Clinton; down from at least 70 percent in the first three decades after World War II. Newt also gets rid of taxes on unearned income ? the kind of income that the super-rich thrive on ? capital-gains, dividends, and interest.
Under Newt?s plan, each of the roughly 130,000 taxpayers in the top .1 percent ? the richest one-tenth of one percent ? reaps an average tax cut of $1.9 million per year. Add what they?d otherwise have to pay if the Bush tax cut expired on schedule, and each of them saves $2.3 million a year.
To put it another way, under Newt?s plan, the total tax bill of the top one-tenth of one percent drops from around 38 percent of their income to around 10 percent.
What about low-income households? They get an average tax cut of $63 per year.
Oh, I almost forgot: Newt also slashes corporate taxes.
I?m not making this up.
This might be amusing if Newt were just being old Newt ? if this were another infamous hot-air bubble emerging from an always provocative, sometimes clever, often bizarre mind.
But it?s the tax plan of the leading candidate for president of one of the two major political parties of the United States.
And it comes at a time when America?s super rich are raking in a larger portion of total income and wealth than at any time over the last eighty years, and when their marginal taxes are lower than they?ve been in three decades; a time when the nation?s long-term budget deficit is causing cuts in education and infrastructure which will?impair our future and that of our children, and when safety nets and social services are being slashed.
Can Newt get away with this?
Probably ? because his plan also comes at a time when Americans are so cynical about the major institutions of our society that someone who offers huge, outrageous plans holds a special fascination: The whole system is so awful, people tell themselves, why not just jettison everything and start from scratch? Let?s throw caution to the winds and do something really big ? even if it?s colossally stupid.
This is why the more outrageous Newt can be, the better his polls. The more irresponsible his bomb-throwing, the more attractive he becomes to a sizable portion of Americans so fed up they feel like throwing bombs.
History is full of strong men with dangerous ideas who gain power when large masses of people are so desperate and disillusioned they?ll follow anyone who offers big, seemingly easy solutions.
At times like this a nation must depend on its wise elders ? people who have gained a reputation for good judgment and integrity, and who are broadly respected by all sides regardless of political affiliation or ideology ? to call out the demagogues, speak the truth, and restore common sense.
The great tragedy of America today is the paucity of such individuals when we need them the most.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. This post originally ran on www.robertreich.org.
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Wednesday, December 7, 2011
Water leaks from crippled Japanese nuclear plant (AP)
TOKYO ? Japan's crippled nuclear power plant leaked about 45 tons of highly radioactive water from a purification device over the weekend, its operator said, and some may have drained into the ocean.
The leak is a reminder of the difficulties facing Tokyo Electric Power Co. as it tries to meet its goal of bringing the tsunami-damaged Fukushima Dai-ichi nuclear power plant to a cold shutdown by year's end.
A pool of radioactive water was discovered midday Sunday around a decontamination device, TEPCO said in a statement on its website. After the equipment was turned off, the leak appeared to stop. Later, workers found a crack in a concrete barrier leaking the contaminated water into a gutter that leads to the ocean.
TEPCO estimated about 300 liters leaked out before the crack was blocked with sandbags.
Officials were checking whether any water had reached the nearby ocean.
The leakage of radioactive water from the Fukushima plant into the Pacific Ocean in the weeks after the March 11 accident caused widespread concern that seafood in the coastal waters would be contaminated.
The pooled water around the purification device was measured Sunday at 16,000 bequerels per liter of cesium-134, and 29,000 bequerels per liter of cesium-137, TEPCO said. That's 270 times and 322 times higher, respectively, than government safety limits, according to the Citizens' Nuclear Information Center in Tokyo.
Cesium-137 is dangerous because it can last for decades in the environment, releasing cancer-causing radiation. The half-life of cesium-134 is about two years, while the half-life of cesium-137 is about 30 years.
TEPCO is using the purification devices to decontaminate water that has been cooling the reactors. Three of the plant's reactor cores mostly melted down when the March 11 tsunami knocked out the plant's cooling system.
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