Monday, June 24, 2013

World stocks fall amid China credit concerns

LONDON (AP) ? Global stock markets reeled Monday amid concerns that credit conditions will tighten in the U.S. and China, the world's two largest economies.

Shanghai's stock index endured its biggest loss in four years after the country's central bank allowed commercial rates to spike higher. Analysts say the move was part of an effort to curb the high level of off-balance-sheet lending in China that could threaten the country's financial stability.

But the higher lending rates could also hurt economic growth. The impact for stock markets would be all the greater if the U.S. Federal Reserve tightens its own ultra-loose monetary policy over the coming months, as it has signaled it would do so long as the U.S. economy improves according to its forecasts.

Mainland China's Shanghai Composite Index plummeted 5 percent to 1,968.51 while the smaller Shenzhen Composite Index plunged 6.1 percent to 881.87.

In Europe, Britain's FTSE 100 fell 1.2 percent to 6,040.44 and France's CAC-40 slid 1.6 percent to 3,599.05. Germany's DAX was down 0.9 percent to 7,717.43 even though a key business sentiment index rose slightly, suggesting the recovery in Europe's largest economy continues, though at a slow pace.

Wall Street opened lower, with the Dow Jones industrial down 1.6 percent to 14,563.29 and the S&P 500 down 1.7 percent to 1,564.91.

Government bond yields rose in the U.S. and other big economies on expectations that borrowing rates would not remain at their current lows for much longer. The U.S. 10-year rate traded above 2.6 percent for the first time since August 2011.

Bond yields also rose in Europe's financially shaky countries, suggesting investors are relatively more cautious about lending them money despite the good returns they provide. Spain's 10-year bond yield was above 5 percent for the first time in three months.

Analysts at Moody's Investors Service said they saw the Chinese central bank's action to allow lending rates to rise as "a conscious decision" to curb credit growth.

Moody's added that a prolonged credit crunch could threaten Chinese companies, "especially those in the private sector with weak credit quality, because it heightens the risk that banks will scale back lending to those companies." Moody's says that China's central government finances remain strong, but that rapid credit growth and liabilities at the local level pose a threat to growth.

Andrew Sullivan of Kim Eng Securities in Hong Kong said China's new leaders want credit to be available to keep the economy moving but not so much as to promote asset bubbles.

"After six months in power, the new leadership is putting its policies in place. It's signaling that credit is going to remain tight," Sullivan said. "All that is in line with moving China from being an export driven economy to being a domestic consumption economy."

The concerns over China's credit market were magnified by existing worries that access to money will tighten in the world's largest economy, the U.S.

Investors are concerned what will happen as the U.S. Federal Reserve slows down its monetary stimulus program, which has been pumping $85 billion into the financial system every month and helped many stock indexes reach multiyear or record highs. Markets tumbled last week when Fed Chairman Ben Bernanke said the program would likely slow down this year and end in 2014.

Elsewhere in Asia, Hong Kong's Hang Seng fell 2.2 percent to 19,813.98. Japan's Nikkei 225 index, the regional heavyweight, fell 1.3 percent to 13,062.78. South Korea's Kospi lost 1.3 percent to 1,799.01. Australia's S&P/ASX 200 shed 1.5 percent at 4,666.50.

In energy markets, benchmark oil contract for August delivery was up 8 cents to $93.77 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.71 to close at $93.69 on Friday.

In currencies, the euro fell to $1.3091 from $1.3139 late Friday in New York. The dollar fell to 97.33 yen from 97.76 yen.

___

Sampson reported from Bangkok. Joe McDonald in Beijing and Fu Ting in Shanghai also contributed to this report.

Source: http://news.yahoo.com/world-stocks-fall-amid-china-credit-concerns-104336559.html

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Sunday, June 23, 2013

Southwest cancels 57 flights after computer glitch

CHICAGO (AP) ? Southwest Airlines expects some lingering delays Saturday morning after a system-wide computer failure caused it to ground 250 flights for nearly three hours late Friday night.

Full service was restored just after 2 a.m. EDT Saturday, but the Dallas-based airline is still working to clear a backlog of flights and reposition planes and crew.

The airline ? the country's largest domestic carrier ? canceled 43 flights Friday night and another 14 Saturday morning.

Southwest is the latest airline to ground flights because of a large computer outage. But its problem was minor compared to those experienced by two competitors ? thanks in part to its late-day timing.

In April, American Airlines grounded all of its flights nationwide for several hours due to computer problems. The airline ultimately canceled 970 flights. And last year, United Airlines had two major outages: one in August delayed 580 flights; another in November delayed 636 flights.

The problem was detected around 11 p.m. EDT Friday, Southwest spokesman Brad Hawkins said. It impaired the airline's ability to do such things as conduct check-ins, print boarding passes and monitor the weight of each aircraft. Some flights were on the taxiway and diverted back to the terminal, Hawkins said. Flights already in the air were unaffected.

Most of Southwest's cancelations Friday night were in the western half of the country, according to airline spokeswoman Michelle Agnew. Saturday's cancelations were scattered across the U.S. They included planes leavings from Minneapolis, Chicago, Phoenix, Denver and San Diego, according to flight tracking service FlightAware.

Southwest flies an average of 3,400 flights each day.

Agnew said in an email Saturday morning that the airline's technology team is "still working to confirm the source of the issue."

Shortly after 2 a.m., Southwest posted on its Twitter page that "systems are operating and we will begin work to get customers where they need to be. Thanks for your patience tonight."

Agnew said the computer system was "running at full capacity" by early Saturday. Before that, though, officials used a backup system that was much more sluggish.

______

AP Airlines Writer Scott Mayerowitz in New York contributed to this report.

Source: http://news.yahoo.com/southwest-cancels-57-flights-computer-glitch-104716565.html

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Food Network to drop Paula Deen amid racial slur controversy

(Warning: contains graphic language in sixth paragraph)

By Alex Dobuzinskis

LOS ANGELES (Reuters) - The Food Network said on Friday it will drop celebrity chef Paula Deen after the Southern food doyenne was sued for racial discrimination and admitted in a legal deposition to using a racial slur in the past.

"Food Network will not renew Paula Deen's contract when it expires at the end of this month," the network said in a statement.

The network's decision was announced within hours of Deen apologizing on video for "the wrong that I've done" and begging for forgiveness.

Deen, who has two popular shows on The Food Network featuring Southern cooking, appeared in at least two videos released after she failed to make a scheduled appearance on the NBC morning TV show "Today" on Friday to discuss the issue.

"I want to apologize to everybody for the wrong that I've done. I want to learn and grow from this," Deen said in one video posted on YouTube and other sites.

Deen, a white native of Georgia, was asked in a deposition released in transcript form this week if she had used the "N-word," and responded, "Yes, of course." The "N-word" is a euphemism for "nigger," an epithet for black people.

A former employee of Paula Deen Enterprises, Lisa Jackson, is suing Deen and her brother, Earl "Bubba" Hiers, alleging racial and sexual discrimination in the workplace. The deposition was related to the suit.

(Additional reporting by Colleen Jenkins in Winston-Salem and David Beasley in Atlanta; Editing by Jim Loney, David Storey and Leslie Gevirtz)

Source: http://news.yahoo.com/celebrity-chef-paula-deen-apologizes-video-racial-slur-201107910.html

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Tuesday, June 18, 2013

'Curb Your Enthusiasm' actor Jeff Garlin arrested

Celebs

10 hours ago

Image: Comedian Jeff Garlin performs on stage at Scleroderma Research Foundation's Cool Comedy - Hot Cuisine at Regent Beverly Wilshire Hotel on April 30, 20...

Michael Bezjian / Getty Images file

Jeff Garlin.

L.A. police have confirmed that "Curb Your Enthusiasm" actor and comedian Jeff Garlin was arrested on a felony vandalism charge after arguing with another motorist about a parking space, reports The Associated Press.

The 51-year-old actor was arrested after reportedly smashing the windows of the other driver's car. He was jailed on $20,000 bail after being arrested on Saturday.

It was unclear whether he remained in jail or was able to post bail; AP reporters noted that his publicists did not immediately respond to phone and email messages on Sunday.

Garlin has been seen on "Curb" along with other TV series like "Mad About You," and in films including "Austin Powers: The Spy Who Shagged Me."

Source: http://www.today.com/entertainment/curb-your-enthusiasm-actor-jeff-garlin-arrested-6C10339654

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Connie Lawn: Visit to Holocaust Memorial Museum

As journalists and associates, we cannot ignore the serious developments of the past and present. An example of that was shown on Friday, June l4, when a group from the International Correspondents Committee, part of the National Press Club, paid a visit to the U.S. Holocaust Memorial Museum. It is always difficult to confront the Holocaust head on, but it is important. Wars and massacres go on today, but on a smaller and less systematic scale.

The Holocaust Museum is a very effective teaching institution. It is now commemorating its 20th anniversary, and is having an impact. It attracts thousands of visitors a year, and they come from many age groups and many parts of the world. It was amazing to see the long lines of visitors; especially those in their mid teens. They were quiet, respectful, and somber as they viewed the exhibits, photos, and films. They learned many millions were victims -- in addition to over 6 million Jews, Christians, Homosexuals, disabled, Gypsies, and others were starved, tortured, and executed.

The Memorial Museum is located on the Mall, near USDA and between 14th and 15th Streets. There is some side street parking, but it may be best to take the Metro to the Smithsonian stop. There is no charge for admission. Journalists and educators can contact media affairs, if they want more information during a visit.

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Follow Connie Lawn on Twitter: www.twitter.com/connielawn

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Source: http://www.huffingtonpost.com/connie-lawn/visit-to-holocaust-memori_b_3447176.html

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Monday, June 17, 2013

In Florida, Nik Wallenda readies for Grand Canyon high-wire act

By Saundra Amrhein

SARASOTA, Florida (Reuters) - Dressed casually in a T-shirt, calf-length cargo pants and flip-flops, Nik Wallenda looks no different from many of the hundreds of spectators who have turned out in recent days to watch him practice for his next high-wire act.

There are no pretentious airs about him, and no spangled outfits.

"Hey, how ya doing, man?" he asked while stopping to shake the hand of a man trying to take his picture with an iPad and then pausing to high-five a few kids.

But what Wallenda is preparing for is anything but routine.

For two weeks in his hometown of Sarasota, Florida, the aerialist and holder of half a dozen world records has been practicing for what will be his biggest feat yet - a quarter-mile (400-metre) walk across the Grand Canyon on a steel cable with nothing but the Little Colorado River 1,500 feet below.

With no tethers or safety nets, the walk will be the highest tightrope attempt ever for the 34-year-old, at a height taller than the Empire State Building. It is scheduled to be shown live on June 23 on the Discovery Channel.

Last year, Wallenda, a seventh-generation member of the "Flying Wallendas" family of acrobats, became the only person to walk a wire over the brink of Niagara Falls.

Wallenda and his team are focused on creating the conditions he'll likely face at the Grand Canyon. The Florida heat, while humid as opposed to arid, cooperates, with temperatures rising through the 80s (27-32 C) by mid-morning.

But the winds that whip up and around the Grand Canyon walls pose another challenge. Wallenda recently faced heavy winds during a test run and practiced as Tropical Storm Andrea barreled onshore along the Gulf Coast.

To ramp up conditions without a storm, his team one day set up air boats in the water alongside the steel cable he uses to practice on, pushing winds in updrafts to 91 mph.

The canyon's winds won't bother him, he said.

"I'm not scared of them," he said while gliding along the cable, his flip-flops replaced by black moccasins specially made by his mother.

REAL DANGERS

As he walked and spoke, spectators watched from behind metal parade barricades. "I have to respect it, but I would never do what I do if I was scared," he said.

Wallenda regularly emphasizes mental concentration and positive thinking as the secrets to his success.

Since he started walking on a wire at age 2, he has been stung by a bee and had birds land on his balancing pole during performances.

He told reporters that he has no superstitions or rituals before his walks. He prays - his Christian faith plays a big part in his new book "Balance" - and hugs his wife and three children, telling them he'll see them in a few minutes.

With spectators' eyed glued on him, Wallenda and his balancing pole made one trip along the 1,200-foot (366-metre) cable and back, projecting the image of a body builder and a ballet dancer combined. Then he sat down - on the cable.

"Does anyone have any questions?" he asked the crowd, his legs dangling from his perch.

They did. How heavy is the balancing pole? Forty-three pounds (20 kg). Does he work out? Yes, at the gym. How long will it take him to cross the Grand Canyon? Twenty to thirty minutes.

Wallenda spoke openly about the reality of the dangers - including the ones that claimed his great-grandfather, Karl Wallenda, a great inspiration to him.

In 1978, the legendary sky walker fell to his death during a high-wire walk in Puerto Rico, a tragedy that Wallenda said studies showed was caused by a combination of bad rigging and his great-grandfather's age and recent injuries that left him too weak to hold on to the wire.

"There's a time to retire," he said.

But Wallenda is not there yet, as he readies to embark on what has been a dream for years.

It's a dream with a 1,500-foot drop below him, which will be "extremely mentally draining," he said.

(Editing by Kevin Gray and Eric Walsh)

Source: http://news.yahoo.com/florida-nik-wallenda-readies-grand-canyon-high-wire-201220347.html

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Thursday, May 2, 2013

The Call Blog: Mayor Bloomberg Says NYPD Is "Under Attack" By Critics

Have something to tell us at The Call? Drop us a line at thecall@ny1.com and we'll post it to our blog.



City Comptroller and mayoral candidate John Liu put it perfectly today when he said, "[The Mayor's] presenting a false choice, that people either are safe, or people have rights." New Yorkers have a right to feel safe in their neighborhoods. They shouldn't fear criminals, nor should they fear racial profiling and mistreatment from those who are sworn to protect them.



Mayor Bloomberg launched into a spirited defense of the NYPD after meeting with top police brass today. Bloomberg said "the NYPD is under attack" by mayoral candidates who are "playing politics with public safety." He said those who want to reform Stop, Question and Frisk and create an Inspector General to oversee the department have no role in keeping New York City safe.

The 22-minute speech was described by the Associated Press as a "stepped-up, aggressive response to those who question whether the nation's largest police department has overstepped its bounds." Public Advocate and mayoral candidate Bill de Blasio called the speech "fear-mongering." What do you say?

Are criticisms of some of the NYPD tactics justified? Do you agree with Mayor Bloomberg that police are "under attack" by candidates looking to score political points? Do you want to see an Inspector General position created? Would you reform Stop, Question and Frisk?

Send your thoughts using the link above.



Like a kid mayor Bloomberg likes to throw a tantrum when you criticize anything his administration does, and in the case of stop and frisk there is plenty to criticize, most glaring is statistics that show the a high percentage of those stopped are Latino or Black who are eventually let go far lack of evidence, statistics also show that the policy does not reduce crime as much as it does in creating friction between communities of color and the police, further hampering crime fighting efforts.

Felix Bay Ridge



He's losing it and quickly because now this dictatorship that he has created is
slipping away and by no means am I in favor any of these so called wanna be
politicians.

The first phone call to you yesterday was i believe a council member. She and
all the others which also play the role of bobble head have no polish. This is
not a game. This is New York and we have had enough of all of these same old
faces and the new creations by this Quinn is a joke.

Quinn looks as though she has already taken over and these people are a
creation of what she has become. So here's where it gets this is when she start
to play the spiteful game of hers and holds back funds which are i might ad are
our hard earned tax payers money.

SOMEONE HAD BETTER REEL HER IN!
WHAT I WOULD LIKE TO KNOW IS WHAT HAS SHE AND
ALL THE OTHERS ACCOMPLISHED IN THEIR 3RD TERMS.
YOU ALL ARE GETTING PAID AND YOU STILL HAVE A FEW
MONTHS TO GO BEFORE WE SAY SAYONARA!

maxxiee
mp



Amazing that Bloomberg is sticking up for the NYPD while he puts the NYC Teachers down every chance he gets.

However, the NYPD deserve all the praise available. They do a great job each and every day and risk their lives every time they walk out their front door. I believe the NYPD is doing well and there is no need for an Inspector General's position. Take that money and give the NYPD a new contract with a pay increase. Bloomberg's big on putting people at desks, doing nothing. That's true for every City department.

Jessica, Arden Heights, Staten Island



Fear mongering. All I heard is 9/11 and Boston. This is also to prop up Quinn. The whole thing was a shame.

Rich Midtown East



Criticism of some NYPD tactics are justifiable and the police are not under attack as mayoral candidates are telling the truth. NO we do not need an IG, just the discontinuance of stop question and frisk, a blatant form of racial profiling.

Joyce
Springfield Garden, NY



Criticisms of the police are justified. Criticisms of the Mayor are also justified.

Joe
Port Richmond, SI



I agree with the Mayor. Mayoral Candidates are using public safety as a stepping stone to office, unfortunately there is no middle of the road when it come to public safety. If stop and frisk goes away, who wins? But the bigger question is, who loses?

Roscoe
Park Hill



It can be fine-tuned but frankly although I'm pretty Liberal regarding civil liberties in an era of enemy Jihadist combatants who are Americans requiring they be Mirandised Im fine with stop and frisk. We live in a dangerous world and political correctness and terrorism are oxymoronic in many instances. Its good reality testing and sound Law enforcement.

JS
Flushing



I agree with the Mayoral Candidates, I would like to see an Inspector General overseeing the police. The police need some supervision because this "stop and frisk" have only served to harass minority citizens. They have become vigilantes and a lot of them make the streets unsafe.

Theresa
Upperwestside



It's called politics. Mr. Mayor can dish it out but can't take the heat. Who is the mayor intending to stop, question and frisk? Is he going to go to Times Square and frisk people who a police officer thinks is suspicious? Is he going to Madison Avenue? If not, he's saying terror suspects come from poor, minority communities.

Tony



The candidates are obviously playing to the minority vote and will change nothing once in office. Dirty politics rules yet another mayoral election.

Steve
Forest Hills



The mayor and rabid Doberman police commissioner Kelly think safety is paramount above individual civil rights and that we should genuflect at their feet. They need a IG to keep them in check and hold them accountable, and what nerve to lay ground work for the incoming mayor elect.

Joe
Middle Village



Statistics that something is effective is NEVER enough to justify bypassing Constitutional rights. If unwarranted invasions into people's homes, purely through a random selection process, resulted in the regular discovery of illegal drugs and firearms, would we suddenly conclude that such government action is justified? Absolutely not. But yet we are willing to entertain Commissioner Kelleys' recitation of stats to justify the use of stop and frisk? These decisions should be made purely on a case-by-case basis, and not intentionally practiced in one neighborhood or on one race over another.

Fabio
Harlem



THE MAJOR KNOWS SOME OF HIS POLICIES ARE COMING TO A END. GOOD RIDDANCE AND DON'T LET THE DOOR HIT YOU ON THE WAY OUT.

PEDRO BRONX



Its great that the crime rate is low. But might that have something to do with the fact that NYC has about the highest living standard of any city in the world? Only wealthy people can afford to live here for the most part. And although these people commit plenty of crimes; they aren't the types of crimes which go into the stats they are referring to.

Daphne, Manhattan



THE WORLD BEING A DANGEROUS PLACE THERE WILL ALWAYS IN ONE WAY OR ANOTHER BE A FORM OF SQ&F. ITS GONNA GET WORSE.

JIMMY. BRONX



Stop and Frisk needs to be stopped. I have seen the police strip search a young white man in the street for no reason, it was absolutely horrible. I can't imagine what minorities go through. I guess it's the same reason why some NYPD officers say that they need to meet a quota of traffic tickets. Nothing that Bloomberg does makes any sense.

Anna



The mayor is one to talk about any city agency under attack!! What about his all out attack on education, public school teachers and the children of NYC!! What about his attack against the FDNY?? Now he wants to blame others for using his tactics! Under attack - Mayor Bloomberg brought this nastiness to a higher level!

Elima



700,000 stops, vs. 800 weapons found. I think the numbers speak for themselves as to how ineffective this is in terms of resources and loss of freedom.

I suspect the number is very close to what would be achieved randomly and thus indicates this is not a worthwhile process as the police cannot articulate any genuine reason for most of the stops that could be considered as being derived from trained policing.

"The right of the People to be secure in their Persons..." is not just meaningless drivel.

When you fear to walk down a public street because of armed, dangerous people stopping you and demanding things of you for no real reason, it matters little if they are gang bangers,police or government officials, you are not secure.

One of the most basic freedoms is the right to simply be left alone.

Angel in Harlem

The stop and frisk policy is about as racist and denigrating and anything could get. How would Bloomberg like it if Jews were targeted for some sort of harassment because the "might be up to no good?"

Frances
East Village



That guy Richard that just called is a lying idiot. Of course now that NYPD stats don't support his viewpoints, he has black friends from the projects that hide guns from police. What a convenience!

Tiffany



the idea that blacks and latinos are more likely to commit crimes is an evil stereotype...stop and frisk should be tried in white neighborhoods lets c how long they could have gotten away with it

Nasrtaha



Of course these are unimpressive politicians trying to impress the minority communities that basically they will allowed to continue committing crimes. Until there family member is gunned downed and then they'll be singing a different tune.

This is a pathetic group of mayoral wannabees. I really think we are going to be in big trouble if any of them becomes our next mayor.

God Bless the NYPD.

kate
midtown east



I say stop all stop and frisk. Instead give harsh prison time when caught with a gun or for using a un. It's time to get rough with criminals

mnmnus



All of the people complaining about stop and frisk argue that only 10% result in arrests. Why isn't anyone talking about the 10% of murderers, rapists, bail jumpers, fugitives wanted in other jurisdictions and people with outstanding warrants that are taken off the street and compelled to face justice. Stop playing the race card. It's so old.

Eddie



Half a million unwarranted stops, militarized police patrolling with heavy weaponry, bag searches without probable cause at subway entrances, unlawful arrests and mass sweeps at political protests such as the RNC and Occupy-you live in a security state-a police state-with demagogues like Bloomberg the politics of the National Socialists live.

Carl
Soho



I can not believe that anyone would associate stop and frisk with probable cause. The police have always had the right to stop someone under probable cause, even enter your home. That law has been on the books for over 50 years. Stop and frisk serves only one purpose, Minorities are targeted. It servers no purpose except to build hostility against the public towards the police. If this was the Mayors children being harassed, he would have got rid of it himself a long time ago. But as we all know he would not allow that in his neighborhood.

Raheem from Jamaica Queens



In Bloomberg's NY, stop and frisk is just a euphemism for racial profiling. However, this policy works because young black and hispanic men commit most of the street crime.

Steve
College Point



Rudy G. was considered tough on crime, but the NYPD only stopped 100,000 a year versus Mike's 700,000 a year! This is why the NYPD is being criticized. It is the Mayor's fault for giving Kelly Carte Blance, and the cops are paying for it.

Mario
Chelsea



I don't get it. I am black, and I see how the youth act. They are animals. I have no problem with stop n frisk. The blacks and Hispanic commit most of the gun crimes in Ny.

I am so tired or The blacks and Hispanic crying wolf(color).

Naqam



Is stop and frisk racial profiling and a form of discrimination -- there seems to be two sides to this story and a matter of opinion. However it is quite telling that the vast majority of stop & frisks are of Hispanics and Black men. But Mayor Bloomberg 's claim that he never plays politics with peoples' lives is outrageous. Is he not the one who plays politics with the lives of children in NYC with his educational policies? Is he not the one who is plays politics when he opens charter schools and closes public schools over the massive cries of parents and children? And now does it not appear that he is playing politics with the lives of New Yorkers by outwardly criticizing Ms. Quinn through the front door but politically supporting her through the back door?

Perhaps Mayor Bloomberg is correct that Stop & Frisk policy is the first line of defense against crime in New York City and maybe the NYPD is not racial profiling. But one thing is for sure Mayor Bloomberg is undoubtedly the Master of the Masquerade.

Lisa
Upper east side



It was embarrassing to witness Bloomberg's rant about the virtue of civil right's violations by the NYPD. Even the audience of NYPD personnel gave a tepid applause. It was hard to watch, the feeble rationale with ringing racist undertones.

k
harlem



Nearly 90% of stops lead to no arrest or summons.

Less than 1% result in the recovery of a gun/weapon.

John indicated that the 90% number had to with not finding a weapon. The weapon failure rate is actually approximately 99%; the arrest/summons failure rate is nearly 90%.

Mandela
Downtown Brooklyn



Its funny how most of the people in favor of stop and frisk, live affluent neighborhoods and are white..smh

Kyle from East Harlem

Source: http://www.ny1.com/content/the_call/the_call_blog/181293/the-call-blog--mayor-bloomberg-says-nypd-is--under-attack--by-critics

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