Al Gore stands to gain about $70 million after selling Current TV to al-Jazeera

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Al Gore, who shared the 2007 Nobel Peace Prize for his fight against global warming, may gross about $70 million from the sale of his Current TV network to al-Jazeera, the cable channel funded in part by oil-rich Qatar.


Al-Jazeera will pay about $500 million for Current TV, including the stake held by Gore, 64, according to two people with knowledge of the deal. The network is one of dozens of investments made by the former vice president since he lost the 2000 presidential race by a slim margin.


“It’s reeking with irony,” said Jeffrey Sonnenfeld, senior associate dean at the Yale School of Management, who studies corporate governance. “It seems to be at least a paradox in terms of his positions on sustainability and geopolitics.”

The deal highlights Gore’s makeover from career politician to successful businessman. His take from the Current TV sale is many times the maximum net worth of $1.7 million he reported while running for president in 1999. Besides investing in start-ups, Gore is on the board of Apple, an adviser to Google and a partner at Kleiner Perkins Caufield & Byers, according to his Web site biography.

“The green of money knows no political boundaries,” said Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. “When you are running investments, your priority needs to be maximizing return.”

Gore’s holdings also include investments in Amazon.com, eBay and Procter & Gamble through his Generation Investment Management.

Gore holds a 20 percent stake in Current TV, according to those with knowledge of the deal, who spoke on the condition of anonymity because the sale terms are not public. His proceeds are difficult to pin down because the company had $41.4 million in debt, as well as preferred stock entitled to $99.5 million in the event of a sale or liquidation, according to a 2008 regulatory filing.

The Current TV price represents a sevenfold increase from the $71 million that Gore and his partners paid for the predecessor company in 2004, according to the filing. Gore, chairman, and Joel Hyatt, a co-founder and chief executive officer, announced the sale on Wednesday, without providing financial terms.

Kalee Kreider, a spokeswoman for Gore, didn’t respond to a phone call or e-mail request for comment.

The network’s investors included funds controlled by Los Angeles billionaire Ron Burkle and San Francisco money manager Richard Blum, according to the 2008 filing, when the company unsuccessfully sought to sell stock to the public. Blum is married to Sen. Dianne Feinstein (D-Calif.).

The Raine Group advised Current TV on the sale. The owners introduced Current TV in 2005 after purchasing the network from Vivendi.

Al-Jazeera is closely held and receives some funding from the government of Qatar, a small country on the eastern side of the Arabian Peninsula that gets almost half of its gross domestic product from oil and gas, data compiled by Bloomberg show.

“Under Qatari law, Al Jazeera Media Network is incorporated as a private, non-profit company,” Charlotte Fouch, a spokeswoman, said in an e-mail. “Al Jazeera receives funding from the State of Qatar, much like other publicly funded broadcast networks.”

Last February, Gore said investors in oil and gas companies that ignore the cost of carbon dioxide emissions and other greenhouse gases are making a mistake similar to those who invested in subprime mortgages.

Most of Gore’s investments are made through Generation Investment Management, which he co-founded with former Goldman Sachs Group executive David Blood. The most recent regulatory filing lists about $3.6 billion under management in 29 publicly traded companies.

In addition, Generation Investment Management also has stakes in private ventures such as Nest Labs, a company formed by Apple alumni to create a thermostat that adapts to user behavior and saves money. The fund also backed Elon Musk’s SolarCity, a developer of rooftop solar power systems that went public last month.

In April, Gore’s fund was part of $110 million in venture capital invested in Harvest Power, a closely held company that produces renewable energy from waste such as food scraps.

He is also the author of the climate-change-focused best-sellers “Earth in the Balance,” “An Inconvenient Truth,” “The Assault on Reason” and “Our Choice: A Plan to Solve the Climate Crisis.” Gore was the co-recipient, with the Intergovernmental Panel on Climate Change, of the 2007 Nobel Peace Prize for “informing the world of the dangers posed by climate change,” according to his official biography.

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Five suspected terrorists killed in Indonesia: police

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JAKARTA: Five suspected terrorists were killed in raids on militant camps in eastern Indonesia in the latest in a series of anti-terror operations, police said on Saturday.

National police spokesman Boy Rafli Amar said the raids took place late Friday and Saturday morning on two separate militant training camps in West Nusa Tenggara province.

"Police were forced to open fire as they (the militants) have explosive material. They used the locations to assemble bombs," the spokesman said, adding that five pipe-bombs and materials to make explosive devices such as nitrate urea powder, scores of nails and batteries were seized during the operations.

The raids came after police on Friday killed two suspected militants carrying a handgun and grenades, and arrested four others, in Makassar, capital of South Sulawesi province.

"This is part of the terror group in Poso," Amar said of the latest raids, referring to a restive district in Central Sulawesi province known for being a hotbed of extremism, where militants run a training camp and have been involved in several police killings.

Police had said the group was led by the country's most wanted terror suspect, Santoso, who trained groups of young militants to launch guerrilla attacks against security forces.

Police have beefed up security in the Poso region since late last year after two police officers investigating the camp were found dead and buried in a hole with their throats slit, and several small bomb plots were subsequently foiled.

Indonesia was rocked by a series of deadly terror attacks targeted at Westerners over last decade, with most -- including the 2002 Bali bombings that killed 202 people -- blamed on the Al-Qaeda-linked group Jemaah Islamiyah.

But a crackdown on terrorism has weakened key militant groups and only low-impact attacks have been carried out in recent years by networks targeting law enforcement officers.

- AFP/xq



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Committee to Protect Journalist asks Delhi Police not to charge TV channel for interview

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WASHINGTON: A US-based eminent journalist body has asked the Delhi Police to refrain from pressing charges against a news channel which aired an interview with the friend of the Delhi gang rape victim who died last week.

"This is an instance of greatly misplaced priorities. Authorities are hardly protecting the victim's rights by retaliating against news media that are bringing to light details of the horrific crime that claimed her life," said Bob Dietz, Asia programme coordinator for Committee to Protect Journalist.

The Delhi Police last night decided to register a case against Zee News after the channel aired the interview.

"Police should immediately drop their misguided plan to file charges," Dietz said in a statement.

New York-based CPJ is an independent, non-profit organisation that works to safeguard press freedom worldwide.

In the interview, the person was severely critical of the police response and indifference of the public while he and the deceased girl lay on the road after being thrown out of the bus on night of December 16.

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Best Pictures: 2012 Nat Geo Photo Contest Winners

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Quadruple Amputee Gets Two New Hands on Life

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It's the simplest thing, the grasp of one hand in another. But Lindsay Ess will never see it that way, because her hands once belonged to someone else.


Growing up in Texas and Virginia, Lindsay, 29, was always one of the pretty girls. She went to college, did some modeling and started building a career in fashion, with an eye on producing fashion shows.


Then she lost her hands and feet.


Watch the full show in a special edition of "Nightline," "To Hold Again," TONIGHT at 11:35 p.m. ET on ABC


When she was 24 years old, Lindsay had just graduated from Virginia Commonwealth University's well-regarded fashion program when she developed a blockage in her small intestine from Crohn's Disease. After having surgery to correct the problem, an infection took over and shut down her entire body. To save her life, doctors put her in a medically-induced coma. When she came out of the coma a month later, still in a haze, Lindsay said she knew something was wrong with her hands and feet.


"I would look down and I would see black, almost like a body that had decomposed," she said.


The infection had turned her extremities into dead tissue. Still sedated, Lindsay said she didn't realize what that meant at first.








Quadruple Amputee Undergoes Hand Transplant Surgery Watch Video









After Hand Transplant, Relearning How to Hold Watch Video







"There was a period of time where they didn't tell me that they had to amputate, but somebody from the staff said, 'Oh honey, you know what they are going to do to your hands, right?' That's when I knew," she said.


After having her hands and feet amputated, Lindsay adapted. She learned how to drink from a cup, brush her teeth and even text on her cellphone with her arms, which were amputated just below the elbow.


"The most common questions I get are, 'How do you type,'" she said. "It's just like chicken-pecking."


PHOTOS: Lindsay Ess Gets New Hands


Despite her progress, Lindsay said she faced challenges being independent. Her mother, Judith Aronson, basically moved back into her daughter's life to provide basic care, including bathing, dressing and feeding. Having also lost her feet, Lindsay needed her mother to help put on her prosthetic legs.


"I've accepted the fact that my feet are gone, that's acceptable to me," Lindsay said. "My hands [are] not. It's still not. In my dreams I always have my hands."


Through her amputation recovery, Lindsay discovered a lot of things about herself, including that she felt better emotionally by not focusing on the life that was gone and how much she hated needing so much help but that she also truly depends on it.


"I'm such an independent person," she said. "But I'm also grateful that I have a mother like that, because what could I do?"


Lindsay said she found that her prosthetic arms were a struggle.


"These prosthetics are s---," she said. "I can't do anything with them. I can't do anything behind my head. They are heavy. They are made for men. They are claws, they are not feminine whatsoever."


For the next couple of years, Lindsay exercised diligently as part of the commitment she made to qualify for a hand transplant, which required her to be in shape. But the tough young woman now said she saw her body in a different way now.






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Federal agencies bracing for cuts after ‘fiscal cliff’ deal

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The fiscal pact Congress reached hours into the new year will delay $109 billion in automatic across-the-board spending cuts for two months. But it will make a down payment on those reductions that will affect federal operations this year and next.


The eleventh-hour agreement to avoid a “fiscal cliff” of higher taxes put off the major cuts known as a sequester until March 1, when another showdown is expected over the federal debt limit and how much to reduce the size of government.


Congress and the White House agreed to find $24 billion to pay for the delay, divided between spending cuts and a tax change that allows Americans holding traditional retirement plans to convert more of them to Roth IRAs, a process that requires tax payments up front.

The remaining $12 billion in cuts to domestic and defense agencies will not take effect until at least March 27, when the stopgap budget funding the government expires. The first $4 billion in cuts must come by Sept. 30, the end of the fiscal year, and the remaining $8 billion in fiscal 2014, which will start Oct. 1.

The cuts will be rolled into budget deliberations on Capitol Hill, and no one knows what agencies and programs they will affect. Out of a discretionary spending budget of $1.04 trillion, $12 billion is relatively small. But it’s not a rounding error.

“There will be a few select cuts that will be painful,” said Patrick Lester, fiscal policy director at the Center for Effective Philanthropy (formerly OMB Watch). “We won’t know for months what those cuts are, which makes them easy to do.”

William R. Dougan, president of the National Federation of Federal Employees, said $12 billion “spread across the government doesn’t sound like a lot of money, but it depends on how it’s spread out.”

Even if each agency took a hit, some “will still be looking at furloughs and even [reductions in force] as a possible solution,” he said. Those are some of the near-certain actions many agencies have said they would take if they had to make the across-the-board cuts Congress imposed in 2011 to force itself to reckon with the federal deficit.

On Wednesday, government and union leaders said that threat, just two months away, is making them nervous.

Defense Secretary Leon E. Panetta said Congress has “prevented the worst possible outcome by delaying sequestration for two months.”

But he warned that the “the specter of sequestration” threatens national security.

“We need to have stability in our future budgets,” Panetta said in a statement. “We need to have the resources to effectively execute our strategy, defend the nation, and meet our commitments to troops and their families after more than a decade of war.”

Several officials said they are still sorting out what the two-month delay means.

“We are working hard with [the Office of Management and Budget] to understand the impact, but we’re just not there yet,” said Army Lt. Col. Elizabeth Robbins, a Defense Department spokeswoman.

Defense consultant Jim McAleese said the deal to raise taxes on families with income above $450,000 and individuals earning more than $400,000 will bring in so much less revenue than the $250,000 threshold President Obama proposed that steep defense cuts are inevitable.

Instead of the $10 billion in cuts a year over 10 years that the Defense Department could have expected to see under Obama’s most recent deficit reduction plan, McAleese said the reductions could be more in the range of $15 billion to $20 billion a year over 10 years.

“People were talking before about defense cuts of $10 billion per year, but the sheer size of the disagreement is going to bring about an immediate, aggressive reaction that will impact the final outcome of the spending cuts,” he said.

Colleen M. Kelley, president of the National Treasury Employees Union, said of the $12 billion in cuts, “I would hope agencies could find these savings without impacts on front-line employees and without impacts on services to the public. We have more questions than answers right now.”

Steve Vogel contributed to this report.

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Russians mock Kremlin decision on Depardieu passport

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MOSCOW: Russians reacted Friday with amusement, disbelief and a heavy dose of irony to the news that the Kremlin has granted citizenship to French actor Gerard Depardieu to solve his tax woes.

In a letter broadcast on Russian television on Thursday, the former Oscar nominee declared his love for President Vladimir Putin and called Russia a "great democracy".

"He is impressed by our democracy -- he has completely lost his marbles," wrote one Facebook user, Vladimir Sokolov.

Far-left politician Eduard Limonov suggested Depardieu could reprise his famous film role of French revolutionary Georges Danton and risk detention by riot police at a regular unsanctioned rally against Putin.

"Gerard, come to Triumfalnaya Square on January 31 with your new Russian passport in your pocket," Limonov wrote on his blog.

"Our French friend: here's an invitation to a real historical role."

Depardieu seemed unlikely to take up this offer after Putin praised their "very friendly, personal relationship" at a recent news conference.

Many jokingly speculated about how the film star might adapt to life as a Russian pensioner if he moved after threatening to renounce his French citizenship over a proposed 75-percent tax rate on the super-rich.

If Depardieu, 64, opted to live in Russia more than half the tax year, he would pay just 13 percent tax to the government whose budget is highly dependent on state-owned energy resources.

"We're going to meet him pushing a trolley in the shop, in the queue for blood tests at the polyclinic or at the social security office," wrote journalist and blogger Anton Orekh on the website of popular Moscow Echo radio station.

"I'm ready to give him registration in my apartment, he can stay as long as he likes," wrote television host Tina Kandelaki on Twitter.

Depardieu, like other Russian citizens, would have to register at his place of residence with local authorities.

Yet many also questioned the morality of Russia's fast-tracking Depardieu's citizenship request.

His public opposition to paying high taxes in France showed he "loves money more than motherland," wrote Orekh.

"Let's give our passports to everyone who has lots of money and doesn't want to pay taxes at home!"

-AFP/fl



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Bhagwat's remarks on rape have no basis: Top bureaucrats

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NEW DELHI: RSS supremo Mohanrao Bhagwat's remark that the rape is prevalent mainly in cities where Indians are deeply influenced by western values and not by rural India doesn't find favour with the country's top bureaucrats who said that there was no basis of making such distinction.

Asked to comment on the observation that the incidents like rape take place in India (urban areas) and not in Bharat (rural areas), Union Home Secretary R K Singh on Friday said, "There is no basis for making distinction between India and Bharat".

Singh made this comment on the sidelines of a function to launch the Crime and Criminal Tracking Network and System (CCTNS) here at Vigyan Bhawan. The pilot project of the CCTNS to link all police stations and higher offices across the country for sharing real time crime-related information was launched by the home minister Sushilkumar Shinde who later inaugurated the conference of police chief and chief secretaries of states on crime against women and atrocities against SCs and STs.

Uttar Pradesh chief secretary Jawed Usmani , who was also present on the occasion, said that the incidents like rapes took place in both rural and urban areas. Only because these were not reported adequately in rural areas, one should not assume that such crimes do not take place in villages or small towns and happened only in urban areas, he added.

Addressing a citizens' meet at Silchar in Assam on Tuuesday, Bhagwat had said, "Such crimes hardly take place in 'Bharat', but they occur frequently in 'India'.
"You go to villages and forests of the country and there will be no such incidents of gang-rape or sex crimes. They are prevalent in some urban belts. Besides new legislations, Indian ethos and attitude towards women should be revisited in the context of ancient Indian values," Bhagwat had said.

He had said the RSS was for stringent laws against rape and would welcome new legislation on sex crimes and favour capital punishment for those convicted of rape.

Saying that the RSS backed the chorus across the country demanding death penalty for those responsible for the December 16 gang rape of 23-year-old Nirbhaya, who died on December 29, Bhagwat said this needed to be backed by stringent laws. He also slammed the government for applying force against the protesters at Delhi's Vijay Chowk.

Home secretary Singh in his address during the police meet on Friday said any cop who refused to lodged complaint/FIR must be immediately suspended. "Investigation should not become an ordeal as it is today for women and weaker section of society. It is impossible for a poor man to find out what happened to his complaint unles he goes to register it with some one powerful. The state must step in here," he added.

Addressing the top cops of the country, Singh said the CrPC lays down three months period for rape investigation. We must stick to it. I will propose bringing back the system of fast track court. I hope ministry of finance will approve it, he added.

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Pictures We Love: Best of 2012

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Photograph by Mindy Schauer, Orange County Register/AP

Powder-splattered, and powder-splattering, runners cross the finish line of The Color Run 5K in Irvine, California, on April 22. Each kilometer (0.6 mile) of the event features a color-pelting station dedicated to a single hue, culminating in the Pollock-esque riot at kilometer 5.

The "magical color dust" is completely safe, organizers say, though they admit it's "surprisingly high in calories and leaves a chalky aftertaste."

See more from April 2012 >>

Why We Love It

"Vibrant color floating through the air automatically brings to mind festive Holi celebrations in India. We expect to see revelers in Mumbai but instead find a surprise in the lower third of the frame—runners in California!"—Sarah Polger, senior photo editor

"There are a lot of eye-catching photographs of the festival of Holi in India that show colored powder in midair, but this particular situation has the people all lined up in a row—making it easy to see each of their very cinematic facial expressions."—Chris Combs, news photo editor

Published January 3, 2013

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Ex-USC Player: Painkiller Injections Caused Heart Attack

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Despite stated label risks of possible fatal heart attack, stroke or organ failure, college football players across the country are still being given injections of a powerful painkiller on game days so they can play while injured, an ABC News investigation has found.


The drug, a generic version of Toradol, is recommended for the short-term treatment of post-operative pain in hospitals but has increasingly been used in college and professional sports, and its use is not monitored by the NCAA, the governing body of college sports.


Only two of the country's top football programs, Oklahoma and the University of Nebraska, reported to ABC News that they have limited or stopped the use of the drug in the wake of growing concern about its risks.


Which Top-Ranked College Football Teams Use Toradol?


Oklahoma said it stopped using the painkillers in 2012 after using them repeatedly in 2010 and 2011.


Nebraska said its doctors now restrict its use.


SEND TIPS About Painkiller Use in College Sports to Our Tipline


"While team physicians reserve the option to use injectable Toradol, it is rarely prescribed, and its use has been avoided this season following reports of heightened concern of potential adverse effects," Nebraska said in a statement to ABC News.






Stephen Dunn/Getty Images











Despite Risks, College Football Still Uses Powerful Painkiller Watch Video





The top two college football programs, Notre Dame and Alabama, refused to answer questions from ABC News about the painkiller. They play for the national college championship on Jan. 7.


Controversy surrounding the drug has grown this year following claims by former USC lineman Armond Armstead that he suffered a heart attack after the 2010 season, at age 20, following shots of generic Toradol administered over the course of the season by the team doctor and USC personnel.


"I thought, you know, can't be me, you know? This doesn't happen to kids like me," Armstead told ABC News.


The manufacturers' warning label for generic Toradol (ketorolac tromethamine) says the drug is not intended for prolonged periods or for chronic pain and cites gastrointestinal bleeding and kidney failure as possible side effects of the drug.


In addition, like other drugs in its class, the generic Toradol label warns "may cause an increased risk of serious cardiovascular thrombotic events, myocardial infarction (heart attack), and stroke, which can be fatal."


"This risk may increase with duration of use," the so-called black box warning reads.


In a lawsuit against the school and the doctor, Dr. James Tibone, Armstead claims the school ignored the stated risks of the drug and never told him about them.


"He was a race horse, a prize race horse that needed to be on that field no matter what," said Armstead's mother Christa. "Whether that was a risk to him or not."


Armstead says he and many other USC players would receive injections of what was known only as "the shot" in a specific training room before big games and again at half-time.


"No discussion, just go in. He would give the shot and I would be on my way," Armstead told ABC News.


Armstead said the shot made him feel "super human" despite severe ankle, and later shoulder pain, and that without it, he never could have played in big USC games against Notre Dame and UCLA.


"You can't feel any pain, you just feel amazing," the former star player said.


USC declined to comment on Armstead's claims, or the use of Toradol to treat Trojan players.


An ABC News crew and reporter were ordered off the practice field when they tried to question USC coach Lane Kiffin about the use of the painkiller. USC says the ABC News crew was told to leave because they had not submitted the appropriate paperwork in advance to attend the practice session.






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Federal agencies bracing for cuts after ‘fiscal cliff’ deal

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The fiscal pact Congress reached hours into the new year will delay $109 billion in automatic across-the-board spending cuts for two months. But it will make a down payment on those reductions that will affect federal operations this year and next.


The eleventh-hour agreement to avoid a “fiscal cliff” of higher taxes put off the major cuts known as a sequester until March 1, when another showdown is expected over the federal debt limit and how much to reduce the size of government.


Congress and the White House agreed to find $24 billion to pay for the delay, divided between spending cuts and a tax change that allows Americans holding traditional retirement plans to convert more of them to Roth IRAs, a process that requires tax payments up front.

The remaining $12 billion in cuts to domestic and defense agencies will not take effect until at least March 27, when the stopgap budget funding the government expires. The first $4 billion in cuts must come by Sept. 30, the end of the fiscal year, and the remaining $8 billion in fiscal 2014, which will start Oct. 1.

The cuts will be rolled into budget deliberations on Capitol Hill, and no one knows what agencies and programs they will affect. Out of a discretionary spending budget of $1.04 trillion, $12 billion is relatively small. But it’s not a rounding error.

“There will be a few select cuts that will be painful,” said Patrick Lester, fiscal policy director at the Center for Effective Philanthropy (formerly OMB Watch). “We won’t know for months what those cuts are, which makes them easy to do.”

William R. Dougan, president of the National Federation of Federal Employees, said $12 billion “spread across the government doesn’t sound like a lot of money, but it depends on how it’s spread out.”

Even if each agency took a hit, some “will still be looking at furloughs and even [reductions in force] as a possible solution,” he said. Those are some of the near-certain actions many agencies have said they would take if they had to make the across-the-board cuts Congress imposed in 2011 to force itself to reckon with the federal deficit.

On Wednesday, government and union leaders said that threat, just two months away, is making them nervous.

Defense Secretary Leon E. Panetta said Congress has “prevented the worst possible outcome by delaying sequestration for two months.”

But he warned that the “the specter of sequestration” threatens national security.

“We need to have stability in our future budgets,” Panetta said in a statement. “We need to have the resources to effectively execute our strategy, defend the nation, and meet our commitments to troops and their families after more than a decade of war.”

Several officials said they are still sorting out what the two-month delay means.

“We are working hard with [the Office of Management and Budget] to understand the impact, but we’re just not there yet,” said Army Lt. Col. Elizabeth Robbins, a Defense Department spokeswoman.

Defense consultant Jim McAleese said the deal to raise taxes on families with income above $450,000 and individuals earning more than $400,000 will bring in so much less revenue than the $250,000 threshold President Obama proposed that steep defense cuts are inevitable.

Instead of the $10 billion in cuts a year over 10 years that the Defense Department could have expected to see under Obama’s most recent deficit reduction plan, McAleese said the reductions could be more in the range of $15 billion to $20 billion a year over 10 years.

“People were talking before about defense cuts of $10 billion per year, but the sheer size of the disagreement is going to bring about an immediate, aggressive reaction that will impact the final outcome of the spending cuts,” he said.

Colleen M. Kelley, president of the National Treasury Employees Union, said of the $12 billion in cuts, “I would hope agencies could find these savings without impacts on front-line employees and without impacts on services to the public. We have more questions than answers right now.”

Steve Vogel contributed to this report.

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NYP students to run on-campus restaurant

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SINGAPORE: Students of Nanyang Polytechnic (NYP) will get to run a restaurant on campus from April, as part of their final-year studies.

The exposure will give them an idea of what they can expect in the food and beverage industry.

The students, who are now honing their skills in the kitchen of the polytechnic, will take on bigger challenges when the restaurant is up and running.

They will be in charge of every aspect of the business - from designing the menu to managing the earnings.

The restaurant, which can seat 120, will serve fusion cuisine created by the students and their lecturers.

"I hope they treat the new training restaurant like it's their first job. I'll need to train them but they need to learn speed, they need to learn efficiency, they need to learn style. Those three things," said senior lecturer Andy Gibb.

"If they can treat it as their first job without getting any money in their back pockets, when they finish training in the restaurant, they will go a very very long way."

- CNA/xq



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Mamata, Manmohan exchange pleasantries in first meeting after FDI standoff

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KOLKATA: West Bengal chief minister Mamata Banerjee and Prime Minister Manmohan Singh shared the stage at the centenary session of the 100th Science Congress at Salt Lake stadium on Thursday morning. This was their first meeting a little over three months after the Trinamool Congress dumped the UPA over the FDI in multi brand retail.


The chief minister went and sat beside Singh and the two were smiling as they spoke in between speeches at the congress where nearly 15,000 scientists are expected to participate. The Trinamool Congress' six ministers submitted their resignations to the Prime Minister on September 21 signaling the end of a strained relationship between the Congress and the Trinamool Congress.


The body language from both sides was positive. Also present on the dais was President Pranab Mukherjee. He inaugurated the five-day meet where several foreign delegates, Nobel laureates and Indian scientists were present.


The Prime Minister unveiled the country's science, technology and innovation policy that aims to put India among the top five science powerhouses in the world by 2020.


Singh welcomed a debate on genetically modified foods, nuclear energy and space exploration. He said, "The transformation of agriculture must be the top priority of our public policies, including science and technology policies. We must partner not only with established leaders in science and technology but with emerging innovation powerhouses in our region."


Singh said science should be used to meet the needs of the underprivileged.
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Pictures: Errant Shell Oil Rig Runs Aground Off Alaska, Prompts Massive Response

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Photograph courtesy Jonathan Klingenberg, U.S. Coast Guard

Waves lash at the sides of the Shell* drilling rig Kulluk, which ran aground off the rocky southern coast of Alaska on New Year's Eve in a violent storm.

The rig, seen above Tuesday afternoon, was "stable," with no signs of spilled oil products, authorities said. But continued high winds and savage seas hampered efforts to secure the vessel and the 150,000 gallons (568,000 liters) of diesel fuel and lubricants on board. The Kulluk came to rest just east of Sitkalidak Island (map), an uninhabited but ecologically and culturally rich site north of Ocean Bay, after a four-day odyssey, during which it broke free of its tow ships and its 18-member crew had to be rescued by helicopter.

The U.S. Coast Guard, state, local, and industry officials have joined in an effort involving nearly 600 people to gain control of the rig, one of two that Shell used for its landmark Arctic oil-drilling effort last summer. "This must be considered once of the largest marine-response efforts conducted in Alaska in many years," said Steve Russell, of Alaska's Department of Environmental Conservation.

The 266-foot (81-meter) rig now is beached off one of the larger islands in the Kodiak archipelago, a land of forest, glaciers, and streams about 300 miles (482 kilometers) south of Anchorage. The American Land Conservancy says that Sitkalidak Island's highly irregular coastline traps abundant food sources upwelling from the central Gulf of Alaska, attracting large numbers of seabirds and marine mammals. The largest flock of common murres ever recorded by the U.S. Fish and Wildlife Service was in Sitkalidak Strait, which separates the island from Kodiak. Sitkalidak also has 16 wild salmon rivers and archaeological sites tied to the Alutiiq native peoples dating back more than 7,000 years.

Shell incident commander Susan Childs said Monday night that the company's wildlife management team had started to assess the potential impact of a spill, and would be dispatched to the site when the weather permitted. She said the Kulluk's fuel tanks were in the center of the vessel, encased in heavy steel. "The Kulluk is a pretty sturdy vessel," she said. " It just remains to be seen how long it's on the shoreline and how long the weather is severe."

—Marianne Lavelle

*Shell is sponsor of National Geographic's Great Energy Challenge initiative. National Geographic maintains editorial autonomy.

Published January 2, 2013

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Obama Signs 'Fiscal Cliff' Bill With Autopen

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Jan 3, 2013 12:53am







ap obama fiscal cliff press Conference thg 130101 wblog Obama Signs Fiscal Cliff Bill With Autopen

Charles Dharapak/AP Photo


HONOLULU, Hawaii — President Obama has signed the “fiscal cliff” legislation into law via autopen from Hawaii, where he is vacationing with his family.


The bill to avert the “fiscal cliff” arrived at the White House late this afternoon and it was immediately processed, according to a senior White House official. A copy was delivered to the president in Hawaii for review. He then directed the bill to be signed by autopen back in Washington, D.C.


The Bush administration deemed in 2005 that the use of the autopen is constitutional, although President George W. Bush never used the mechanical device to replicate his signature on a bill.


The office of legal counsel found at the time that Article 1, Section 7 of the Constitution allows the president to use the autopen to sign legislation, stating “the President need not personally perform the physical act of affixing his signature to a bill to sign it.”


Obama has used the autopen twice in the past to sign legislation, both times while he was overseas.


Use of the autopen has been controversial.  Conservative groups alleged last summer that Obama used an autopen to sign condolence letters to the families of Navy SEALs killed in a Chinook crash in Afghanistan — a charge the White House disputed flatly as false.


In 2004, then-Secretary of Defense Donald Rumsfeld was criticized for using an autopen to sign condolence letters to the families of fallen troops.


And in 1992 then-Vice President Dan Quayle even got into some hot water over his use of the autopen on official correspondence during an appearance on “This Week with David Brinkley.”


Obama, who arrived back in Hawaii early Wednesday morning to continue his family vacation, spent the afternoon golfing with friends at the Marine Corps base at Kaneohe Bay.


Obama is slated to remain in Hawaii through Saturday.


ABC News’ Jonathan Karl contributed to this report



SHOWS: Good Morning America This Week World News







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US, Europe 'biggest risks' for global economy in 2013, says Nobel laureate

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FRANKFURT: Debt problems in both the United States and Europe represent the biggest risks for the global economy in 2013, Nobel prize laureate Joseph Stiglitz wrote in a newspaper article on Wednesday.

"In the outlook for 2013, the biggest risks for the global economy are in the US and in Europe," Stiglitz wrote in a guest column for the business daily Handelsblatt.

But "the real risk for the global economy lies in Europe," he warned.

"Spain and Greece are in an economic depression with no hope for a recovery. The eurozone's 'fiscal pact' is no solution, and the European Central Bank's bond purchase is a temporary palliative, at best," Stiglitz wrote.

And the ECB must not impose further conditions for financial aid to countries, he continued.

"Otherwise, the medicine will lead to a deterioration in the patient's condition," Stiglitz argued.

- AFP/de



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Will implement SC judgement on Lokayukta soon: Gujarat govt

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GANDHINAGAR: With the Supreme Court today upholding governor Kamla Beniwal's decision to appoint Justice (retd) R A Mehta as Gujarat Lokayukta, the Narendra Modi government said it would soon implement the apex court judgement.

"We will soon implement the Supreme Court judgement on Lokayukta," state law minister Bhupindersinh Chudasama said.

"The Supreme Court has accepted Gujarat government's contention that governor has to act as per the advice of the council of ministers," he added.

A detailed reaction on the issue could only be given after reading the judgement, Chudasama said.

In a setback to the Gujarat government, the Supreme Court upheld Mehta's appointment as the state Lokayukta, saying it was done in consultation with the Chief Justice of Gujarat HC.

The governor was bound to act under advice of council of ministers, but in this case the appointment was not wrong since it was done in consultation with the high court Chief Justice, the apex court said.

Governor Kamla Beniwal had on August 25 last year appointed Justice Mehta to the post of Lokayukta, which had been lying vacant for the last eight years.

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Space Pictures This Week: Ice “Broccoli,” Solar Storm

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Obama Hails 'Cliff' Deal, Warns of Next Fiscal Fight

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Minutes after the House of Representatives approved a bipartisan Senate deal to avert the "fiscal cliff" and preserve Bush-era tax cuts for all Americans making less than $400,000 per year, President Obama praised party leaders and wasted little time turning to the next fiscal fight.


"This is one step in the broader effort to strengthen our economy for everybody," Obama said.


Obama lamented that earlier attempts at a much larger fiscal deal that would have cut spending and dealt with entitlement reforms failed. He said he hoped future debates would be done with "a little less drama, a little less brinksmanship, and not scare folks quite as much."


But Obama drew a line in the sand on the debt ceiling, which is set to be reached by March.


"While I will negotiate over many things, I will not have another debate with this Congress over whether they should pay the bills for what they've racked up," Obama said. "We can't not pay bills that we've already incurred."


An hour after his remarks, Obama boarded Air Force One to return to his planned Hawaiian holiday vacation, reuniting with his family, who have been vacationing there since just before Christmas.






AP Photo/Charles Dharapak















'Fiscal Cliff' Negotiations: Congress Reaches Agreement Watch Video





House Republicans agreed to the up-or-down vote Tuesday evening, despite earlier talk of trying to amend the Senate bill with more spending cuts before taking a vote. The bill delays for two months tough decisions about automatic spending cuts that were set to kick in Wednesday.


A majority of the Republicans in the GOP-majority House voted against the fiscal cliff deal. About twice as many Democrats voted in favor of the deal compared to Republicans. One hundred fifty-one Republicans joined 16 Democrats to vote against the deal, while 172 Democrats carried the vote along with 85 Republicans.


The Senate passed the same bill by an 89-8 vote in the wee hours of New Year's Day. If House Republicans had tweaked the legislation, there would have been no clear path for its return to the Senate before a new Congress is sworn in Thursday.


The vote split Republican leaders in the House. House Speaker John Boehner, R-Ohio, voted yes, and so did the GOP's 2012 vice presidential candidate, Rep. Paul Ryan, R-Wis.


But House Majority Leader Eric Cantor, R-Va., the No. 2 Republican in the House, voted no. It was his opposition that had made passage of the bill seem unlikely earlier in the day.


The deal does little to address the nation's long-term debt woes and does not entirely solve the problem of the "fiscal cliff."


Indeed, the last-minute compromise -- far short from a so-called grand bargain on deficit reduction -- sets up a new showdown on the same spending cuts in two months amplified by a brewing fight on how to raise the debt ceiling beyond $16.4 trillion. That new fiscal battle has the potential to eclipse the "fiscal cliff" in short order.


"Now the focus turns to spending," said Boehner in a statement after the vote. "The American people re-elected a Republican majority in the House, and we will use it in 2013 to hold the president accountable for the 'balanced' approach he promised, meaning significant spending cuts and reforms to the entitlement programs that are driving our country deeper and deeper into debt."


Republicans hope that allowing the fiscal cliff compromise, which raised taxes without an equal amount of spending cuts, will settle the issue of tax rates for the coming debates on spending.






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Senate approves deal to avoid worst of ‘fiscal cliff’

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The Senate approved a bipartisan agreement early Tuesday morning to let income taxes rise sharply for the first time in two decades, fulfilling President Obama’s promise to raise taxes on the rich and avoiding the worst effects of the “fiscal cliff.” The agreement, brokered by Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.), passed 89 to 8 in a highly unusual New Year’s morning vote. It now heads to the House, where leaders have not guaranteed passage but top officials believe it could win passage in the next few days.


The agreement primarily targets taxpayers who earn more than $450,000 per year, raising their rates for wages and investment profits. At the same time, the deal would protect more than 100 million households earning less than $250,000 a year from income tax increases scheduled to take effect Jan. 1.


The deal came together barely three hours before the midnight deadline, after negotiators cleared two final hurdles involving the estate tax and automatic spending cuts set to affect the Pentagon and other federal agencies this week.

Republicans gave in on the spending cuts, known as sequestration, by agreeing to a two-month delay in budget reductions that would be paid for in part with new tax revenue, a condition they had resisted. And the White House made a major concession on the estate tax, agreeing to terms that would permit estates worth as much as $15 million to escape taxation by the end of the decade, Democrats said.

As Biden rushed to the Capitol to brief Senate Democrats on the deal, Majority Leader Harry M. Reid (D-Nev.) laid plans for a vote shortly after midnight, when taxes were set to rise for virtually every American.

“I think we’ll get a very good vote tonight,” a beaming Biden said as he emerged from the meeting with Democrats after nearly two hours. “But happy new year and I’ll see you all maybe tomorrow.”

About three hours later, just before 2 a.m., the gavel finally fell on a sweeping bipartisan vote designed to send a signal to the more unstable House that passage was imperative. Just three Democrats and five Republicans opposed the measure. The moment served as a rare bipartisan coda to what has been one of the most rancorous, partisan Congresses in recent history, as the 11 retiring senators received hugs and kisses from senators, bidding what is likely a final farewell as colleagues.

Now the measure heads to the House, where Speaker John A. Boehner (R-Ohio) pledged to bring it to a vote in the coming days.

Senior aides predicted the measure would pass the House with bipartisan support. But Boehner’s decision to delay the vote meant the nation would tumble over the cliff at least briefly.

In addition to dealing with the fiscal crisis, the measure would extend federal farm policies through September, averting an estimated doubling of milk prices. The deal also nixed a set pay raise for members of Congress.

During a midday event at the White House, Obama praised the emerging agreement even though it would raise only about $600 billion over the next decade by White House estimates — far less than the $1.6 trillion the president had initially sought to extract from the nation’s richest households.

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Tennis: Britain's Robson crashes out in Shenzhen

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BEIJING: British teenage tennis sensation Laura Robson crashed out of the Shenzhen Open in straight sets on Tuesday, a disappointing start to a year in which she is seeking to break into the world top 50.

The 18-year-old, currently ranked 53rd in the world, lost her second-round match against Romania's Monica Niculescu 2-6 3-6 in one hour and 16 minutes.

She was seeded seventh in the hard court tournament, and came into the contest ranked five places above her opponent.

Meanwhile, Chinese number one Li Na defeated Luxembourger Mandy Minella 6-4 6-0 in her first round match.

The 2011 French Open singles title winner and top seed will face American Julia Cohen in the next phase of the competition.

The Shenzhen Open, which carries a total prize money of $500,000, is being played for the first time as tennis expands in China on the back of Li's huge popularity.

- AFP/fa



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Sushilkumar Shinde asks parties to give views on reviewing rape laws

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NEW DELHI: The government has asked political parties to give their views on reviewing rape laws to Justice J S Verma Committee, set up to suggest amendments in the statute to provide speedier justice and enhanced punishment in cases of aggravated sexual assault against women.

In letters to leaders of all national and state political parties, home minister Sushilkumar Shinde said in the light of gang rape of a 23-year-old girl in Delhi, the government has given its anxious consideration to the need for reviewing the present laws relating to sexual assault of extreme nature against women.

The government had on December 23 constituted the Committee under the chairmanship of Justice (retd) Verma, former Chief Justice of India, to look into the possible amendments of the criminal law so as to provide for quicker trial and enhanced punishment to criminals in such cases.

"I shall be grateful if you could forward your views on the issue to the committee so that the committee can consider them while making their recommendations. I would urge you to communicate your views as early as possible as the committee has been asked to finalize its recommendations early," he said in the letter, a copy of which was made available today.

The three-member committee has been asked to submit its report to the government in 30 days. The other members of the committee are Justice (retd) Leila Seth, former Chief Justice of Himachal Pradesh high court, and former solicitor general Gopal Subramaniam.

Justice Verma committee has become fully operational and in located in Vigyan Bhavan Annexe in New Delhi and can be contacted at telephone no.- 011-23022031 and through email :- justice.verma@nic.in with suggestions and views.

Under the existing law, the maximum punishment for rape is life term but the nationwide outrage over the December 16 gang rape of the physiotherapy student in a moving bus here has sparked a demand for death penalty to rapists. The girl breathed her last on Saturday in a Singapore hospital.

Congress president Sonia Gandhi has stepped in to make some key suggestions to the government for stricter laws on sex crimes against women and enhanced punishment to the perpetrators.

BJP has favoured death for perpetrators of such heinous crimes and demanded a special session of Parliament for amending the laws.

The government has, however, brushed aside the opposition demand for an immediate special session, saying a decision on the issue could be taken only after the Justice Verma committee gives its report.

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Space Pictures This Week: Ice “Broccoli,” Solar Storm

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Senate Approves 'Fiscal Cliff' Deal, Sends to House

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Two hours after a midnight deadline for action, the Senate passed legislation early New Year's Day to avert the so-called "fiscal cliff" with an overwhelming vote of 89-8.


Senate passage set the stage for a final showdown in the House, where a vote could come as early as today.


"While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country and the House should pass it without delay," President Obama said in a statement shortly after the vote.


"There's more work to do to reduce our deficits, and I'm willing to do it. But tonight's agreement ensures that, going forward, we will continue to reduce the deficit through a combination of new spending cuts and new revenues from the wealthiest Americans," he added.


The bill extends Bush-era tax cuts permanently for people making less than $400,000 per year and households making less than $450,000.


The steep "sequester" budget cuts scheduled to go into effect with the New Year would be postponed for two months.


The deal also would affect taxes on investment income and estates, and extend unemployment benefits for a year.
Officials also decided at the last minute to use the measure to prevent a $900 pay raise for lawmakers due to take effect this spring.








'Fiscal Cliff': Lawmakers Scramble for Last-Minute Deal Watch Video









The failure of a deal to pass Congress by Jan. 1 technically triggers an income tax hike on all Americans and automatic spending cuts, though lawmakers could still prevent a tax hike by making retroactive any legislation that passes in the weeks ahead, experts said.


The deal at hand will not entirely solve the problem of the "fiscal cliff," however. In fact, it could set up a new showdown over the same spending cuts in just two months that would be amplified by a brewing fight over how to raise the debt ceiling beyond $16.4 trillion. That new fiscal battle has the potential to eclipse the "fiscal cliff" in short order.


In addition to extending current tax rates for households making $450,000 or less, the latest plan would raise the estate tax from 35 to 40 percent for estates larger than $5 million; and prevent the alternative minimum tax from hammering millions of middle-class workers.


Capital gains taxes would rise to 20 percent from 15 percent.


The deal would also extend for one year unemployment insurance benefits set to expire today for two million people, and avert a steep cut to Medicare payments for doctors.


"Working though the night and throughout the day we've reached an agreement with Sen. McConnell," Senate Majority Leader Harry Reid, D-Nev., said early Tuesday morning prior to the vote.


"I've said all along our most important priority is protecting middle class Americans, this legislation does that," Reid added.


He said he is "disappointed" they were not able to make the grand bargain and that more work needs to be done in the future.


"But we tried, if we did nothing the threat of a recession is very real," Reid concluded.


Speaking after Reid, Senate Minority Leader Mitch McConnell, R-KY., called the deal an "imperfect solution" and noted this should not be the model on how things get done in the Senate.


McConnell also thanked Vice President Joe Biden, who visited Capitol Hill late Monday night and brokered the deal with McConnell.


The House Democratic leader Nancy Pelosi issued a statement saying that when legislation clears the Senate, "I will present it to the House Democratic caucus."






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Senate negotiators yet to reach ‘fiscal cliff’ deal as clock winds down

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Vice President Joseph Biden and Sen. Mitch McConnell were locked in urgent talks late Sunday over the “fiscal cliff” after Democrats offered several significant concessions on taxes, including a proposal to raise rates only on earnings over $450,000 a year.


With a New Year’s Eve deadline hours away, Democrats abandoned their earlier demand to raise tax rates on household income over $250,000 a year, as President Obama vowed during the recent presidential campaign.


They also relented on the politically sensitive issue of the estate tax, according to a detailed account of the Democratic offer obtained by The Post, promising to stage a vote in the Senate that would guarantee that taxes on inherited estates remain at their current low levels, a key GOP demand.

Still, McConnell (R-Ky.) was holding out to set the income threshold for tax increases even higher, at $550,000, according to people close to the talks in both parties. And he was protesting a Democratic proposal to raise taxes on investment profits for households with income above $250,000.

The two sides were also sharply at odds over automatic spending cuts set to decimate budgets at the Pentagon and other federal agencies next month. Democrats were seeking to delay the cuts, known as the “sequester,” until 2015, without identifying other savings to compensate. They were also pressing to extend unemployment benefits, farm subsidies and Medicare payments to doctors, again without offsetting cuts as Republicans demand.

Unless the two sides can reach agreement, historic tax hikes are set to hit virtually every American on Jan. 1, potentially driving the nation back into recession. An impasse would also throw the coming tax filing season into chaos, as nearly 30 million unsuspecting taxpayers would be required to pay the costly alternative minimum tax for the first time.

As Biden and McConnell traded phone calls deep into the night, lawmakers waited anxiously for news. Though members of both parties received lengthy briefings from their respective leaders about the status of the talks, senators were just as likely to predict that the nation was on the verge of a self-inflicted economic crisis as they were to predict that salvation was at hand.

“I think we’re going over the cliff,” Sen. Lindsey O. Graham (R-S.C.) wrote on Twitter in the middle of the day.

“The two parties are so close that they can’t afford to walk away,” Sen. Mike Johanns (R-Neb.) countered hours later. “I continue to be optimistic.”

Biden, a veteran dealmaker who served in the Senate for 36 years, entered the talks Sunday at McConnell’s request after the Republican leader said he had grown “frustrated” by the pace of negotiations with Senate Majority Leader Harry M. Reid (D-Nev.).

Personal relations between the two Senate leaders have deteriorated after two years of draining battles over the budget. On Sunday, their antagonism produced a confusing day when talks seemed to be collapsing even as the two sides were moving closer to agreement on several fundamental issues.

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S'pore rocked by spate of sex scandals in 2012

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SINGAPORE: 2012 has been a year of sex scandals in Singapore.

In April, 44 men were charged with having sex with the same underage girl.

The number of men implicated in the online vice ring case swelled to 51 after some time.

The lack of details in the charges drew barbs.

"How is anybody going to know what he is charged for when you don't know who the girl is, you do not know what her age is? We just can't accept the word of the prosecution isn't it?" said lawyer Subhas Anandan.

"Well, we are going to ask the prosecution, the DPP, to give us further particulars. If they do not give us the further particulars, we will take it up in the High Court."

This was resolved later when certain details were disclosed to the defence.

As at mid-Dec 2012, more than 15 men have been dealt with.

The first was former principal of Pei Chun Public School, Lee Lip Hong. He pleaded guilty in April, and was sentenced to nine weeks' jail.

Following him was former executive director of the Singapore Environment Council, Howard Shaw, who was sentenced in July and aborted his appeal.

The saga is far from over as many have claimed trial, so there will be a spillover to 2013.

Outside of courts, the state of affairs was equally dramatic.

An apology came because of the indiscretion of the former Speaker of Parliament, Michael Palmer.

Mr Palmer's year-long affair with People Association's (PA) Laura Ong led to his resignation.

He said: "I have resigned to take full responsibility for a grave mistake that I have committed. I had a relationship with a member of the PA staff working in Pasir Ris-Punggol GRC. While the individual did not work with me directly, Punggol East used to be part of the GRC and continues to work with it. My conduct was improper and it was a serious error of judgement. I have resigned in order to avoid further embarrassment to the PAP and Parliament."

Former Hougang MP Yaw Shin Leong was also expelled from the opposition Workers' Party in February for alleged extra-marital affairs, nine months after he was elected.

Come January, three heavyweights will be jostling for the spotlight in courts.

Professor Tey Tsun Hang will start the ball rolling with his sex-for-grades trial on 10th January.

Then in January, ex-Civil Defence Force top gun, Peter Lim, be in court for corruption charges. His trial is slated to end in late February.

In late January, the sex-for-contracts case against former Central Narcotics Bureau chief Ng Boon Gay, will be mentioned again.

In September, Ng's corruption trial took Singapore by storm, as he and key prosecution witness Cecilia Sue, gave graphic accounts of their relationship.

The judiciary looks set to get busier in the new year, when City Harvest Church's six core members return to court, on accusations of misappropriating funds.

- CNA/xq



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