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FILE - In this Oct. 14, 2011 photo, an excavator works in the White River in Stockbridge, Vt. State officials are going to mark the reopening of Vermont Route 107, the last state highway closed by flooding from tropical storm Irene to reopen. It marks the completion of the Herculean task of getting Vermont going again after Irene. (AP Photo/Toby Talbot, File)
FILE - In this Oct. 14, 2011 photo, an excavator works in the White River in Stockbridge, Vt. State officials are going to mark the reopening of Vermont Route 107, the last state highway closed by flooding from tropical storm Irene to reopen. It marks the completion of the Herculean task of getting Vermont going again after Irene. (AP Photo/Toby Talbot, File)
FILE - In this Oct. 14, 2011, file photo, a rock hauler moves rocks on Vermont Route 107 in Bethel, Vt. State officials are going to mark the reopening of Vermont Route 107, the last state highway closed by flooding from tropical storm Irene to reopen. It marks the completion of the Herculean task of getting Vermont going again after Irene. (AP Photo/Toby Talbot, File)
FILE - In this Sept. 6, 2011, file photo, engineers from the Maine National Guard work on rebuilding Vermont Route 107 in Stockbridge, Vt. State officials are going to mark the reopening of Vermont Route 107, the last state highway closed by flooding from tropical storm Irene to reopen. It marks the completion of the Herculean task of getting Vermont going again after Irene. (AP Photo/Toby Talbot, File)
FILE - In this Sept. 6, 2011, file photo, an excavator moves rocks on Vermont Route 107 on Friday, Oct. 14, 2011 in Bethel, Vt. State officials are going to mark the reopening of Vermont Route 107, the last state highway closed by flooding from tropical storm Irene to reopen. It marks the completion of the Herculean task of getting Vermont going again after Irene. (AP Photo/Toby Talbot, File)
FILE - In this Oct. 14, 2011, file photo, rocks for rebuilding Route 107 are dumped from a train on Friday, Oct. 14, 2011 in Bethel, Vt. State officials are going to mark the reopening of Vermont Route 107, the last state highway closed by flooding from tropical storm Irene to reopen. It marks the completion of the Herculean task of getting Vermont going again after Irene. (AP Photo/Toby Talbot, File)
MONTPELIER, Vt. (AP) ? After the hauling of hundreds of thousands of tons of rock and tens of thousands of man-hours on heavy equipment, Vermont is ready to celebrate the completion of a Herculean task and the biggest single engineering challenge following the flooding from the remnants of Hurricane Irene: the reopening of the last state highway washed out by the storm.
Just in time for the new year, and four months after the storm hit, Vermont officials are planning to mark the reopening of Route 107 between Bethel and Stockbridge. The state highway is the last to reopen after being closed by flooding.
The ceremony Thursday at the Stockbridge Central School marks the completion of a huge undertaking in the state's recovery, but much remains to be done as dozens are still struggling to rebuild their homes and their lives. The state is just totaling up the bill, and the Legislature is preparing to deal with a variety of Irene-induced, long-term challenges.
But it was the repairing of Route 107 that posed one of the biggest challenges following the storm that left a dozen towns cut off from the outside world for days, damaged or destroyed more than 500 miles of roads and 200 bridges, killed six and reshaped much of the low-lying countryside.
The stretch of highway between Bethel and Stockbridge is one of the state's major east-west arteries, and sections of the highway were part of the riverbank where the road and the White River pass through a narrow cut in the Green Mountains. Irene's run through Vermont on Aug. 28 funneled record volumes of water through that narrow pass where it slammed the riverbanks and, eventually, tore them to pieces.
"All of a sudden the road ended and then we were looking at river and mud and what used to be huge sheets of asphalt that had shifted into the river," said Maine Army National Guard Capt. Norman Stickney, of Gardiner, who arrived five days after the storm to begin rebuilding. "It was like something fell from the sky and completely crushed all of the asphalt and scooped it away and dumped it into the river."
Irene tore Vermont apart. The downtowns of communities as far apart as Whitingham in southern Vermont to Waterbury, just west of Montpelier, were flooded to levels not seen since the state's epic flood of 1927.
The remnants of Irene forced the state to abandon, at least for now, much of its office complex In Waterbury, which was damaged by the storm, and the administration of Gov. Peter Shumlin is now making plans to find a new place for the patients who had been at the State Hospital ? part of the Waterbury office complex.
"In the last four months, Vermont has made remarkable progress in repairing and rebuilding damaged infrastructure," said Neale Lunderville, the state's specially appointed chief recovery officer. "We have made strong progress to assist individuals and families who have been affected by Irene, but in both cases there will still be much to do as part of the ongoing recovery."
Lunderville said it would be years before much of Vermont and many Vermont families are back to what he calls "a new normal."
"If we want to have a robust recovery and one that brings us back to a place where we are stronger, smarter and safer than before Irene, we have to continue to remember what Irene did and what we need to do to recover from that," Lunderville said. "It's going to take a concerted effort and ongoing attention at high levels in order for us to have a really strong recovery."
In the three-mile section of road that was hardest hit, about 4,000 feet of Route 107 road was completely gone, said Vermont Transportation Agency Engineer Eric Foster, who oversaw the rebuilding of the highway. A job that would normally take two years was done in 119 days after the first work crews ? the soldiers from the Maine National Guard and other states ? arrived.
In addition to the guard, it took two contractors, 250,000 tons of rock, at least 20,000 hours of heavy equipment time, 7,500 feet of guardrail, 38 culverts and 46 companies over 16 weeks to repair the highway, according to information provided by the Vermont Transportation Agency.
The biggest challenge was getting the rocks and other fill material to Bethel. A special "rock train" was used to bring fill from distant quarries before it was unloaded a couple of miles from the work site. The train saved an estimated 6,600 truck trips and 55,000 gallons of diesel fuel.
In other parts of the state, officials have said some of the repairs, done on the fly to get traffic moving again, might have to be redone. That's not the case for Route 107.
The roadway was built with layers of different sized rock and the banks sloped to withstand another Irene, said Glenn Cairns, of the Windham, N.H., contractor George Cairns and Sons, which brought its specialized equipment ? excavators and dump trucks that are up to twice the size of those usually found on Vermont highway projects.
It's designed to withstand another "Irene, plus two feet," said Foster.
Both Stickney and Cairn said they were amazed by how grateful Vermonters were despite the challenges they faced.
"Even though these people, their lives were turned upside down, they were friendly," Cairns said. "They really didn't mind sitting in traffic waiting for us ? the hardship that they went through and everybody was just thankful and waved and smiled.
"They went through a lot. I could understand how they could be bitter, 'why isn't my road back together,' but I've got to say the people were just extremely friendly and welcoming."
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CAIRO (Reuters) ? Egyptian prosecutors and police raided offices of 17 pro-democracy and human rights groups on Thursday - drawing criticism from the United States which hinted it could review its $1.3 billion in annual military aid.
The official MENA news agency said the groups had been searched in an investigation into foreign funding.
"The public prosecutor has searched 17 civil society organizations, local and foreign, as part of the foreign funding case," MENA cited the prosecutor's office as saying. "The search is based on evidence showing violation of Egyptian laws including not having permits."
Among groups targeted were the local offices of the U.S.-based International Republican Institute (IRI) and National Democratic Institute (NDI), a security source and employees at the organizations said.
The U.S. State Department said the raids were "inconsistent with the bilateral cooperation we have had over many years" and urged Egyptian authorities to immediately halt "harassment" of non-governmental organization staff.
State Department spokeswoman Victoria Nuland indicated to a news briefing that military aid could be difficult to push through Congress if the situation did not improve.
"We do have a number of new reporting and transparency requirements on funding to Egypt that we have to make to Congress," Nuland said. "The Egyptian government is well aware of that and it certainly needs to be aware of that in the context of how quickly this issue gets resolved."
Nuland said U.S. officials had been in touch with Egyptian Prime Minister Kamal al-Ganzouri and with Egypt's ambassador to Washington to underscore Washington's concern.
Germany's Foreign Ministry said it would summon Egypt's ambassador to Berlin on Friday after the raid targeted the German-based Konrad Adenauer Foundation, which is close to Chancellor Angela Merkel's Christian Democrats.
CRITICISM OF ARMY
Civil society groups, a driving force behind the protests that toppled President Hosni Mubarak in February, have become increasingly vocal in criticizing what they call the army's heavy-handed tactics in dealing with street unrest.
"This is a campaign the military council has launched to defame and stigmatize activists, rights groups and the various forces that have participated in the making of the January 25 revolution," said 27 civil society groups in a joint statement.
The groups added that such a campaign was "unprecedented even in the era of Mubarak and aimed to cover the failures of the military council in its management of the transitional period."
The ruling generals have pledged to stand aside by mid-2012 but many democracy activists say the military is keen to preserve its privileges and broad business interests.
One analyst said the crackdown on civil society groups was an attempt to stymie the protest movement.
"Civil society groups and the media are the two pillars of a successful revolution, because they are radical in their demands. The military council launches intermittent attacks to contain them," said analyst and researcher Yasser Abdel Aziz.
The U.S. State Department comments followed stinging criticism by U.S. Secretary of State Hillary Clinton over the "systematic degradation" of women during protests in Cairo this month in which 17 people were killed.
Images of troops beating demonstrators as they lay on the ground brought thousands of Egyptians onto the streets in protest. The harsh treatment of women protesters attracted particular attention.
The National Democratic Institute (NDI)said in an e-mailed statement that the raid took place on its offices in Cairo, Alexandria and Assiut, from where police confiscated equipment and documents.
"Cracking down on organizations whose sole purpose is to support the democratic process during Egypt's historic transition sends a disturbing signal," NDI President Kenneth Wollack was quoted as saying.
One person working at NDI, who gave her name as Rawda, said: "They are grabbing all the papers and laptops."
A Reuters television reporter who approached the offices of the International Republican Institute (IRI) in central Cairo found the doors sealed shut with wax and saw several police vehicles driving away from the area.
The NDI and IRI, which are loosely associated with the U.S. Democratic and Republican political parties and receive U.S. government funding, say they take a neutral political stance, fostering democracy in Egypt by training members of nascent parties in democratic processes.
CAMPAIGN
Other groups that were raided included U.S.-based Freedom House and local groups set up to defend judicial independence, individual freedoms and democracy, according to the Egyptian Organization for Human Rights.
"This looks like a campaign against human rights defenders," said prominent Egyptian rights activist Negad al-Borai. He said similar campaigns happened during Mubarak's three-decade rule.
"For this to happen after what we call the 'revolution', I am astonished."
Egypt's military has vowed to investigate how pro-democracy and rights organizations are funded and has said repeatedly it will not tolerate foreign interference in the country's affairs.
Egyptian presidential hopeful and former U.N. nuclear watchdog head Mohamed ElBaradei said: "Human rights organizations are the icon of freedom ... Everyone will be watching closely any illegal attempts to distort them. The revolution will prevail."
(Additional reporting by Yasmine Saleh and Patrick Werr; Christian Ruettger in Berlin; and Andrew Quinn in Washington; Writing by Tom Pfeiffer; Editing by Myra MacDonald)
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Apple
By Athima Chansanchai
Even in the afterlife, Steve Jobs continues to rack up accolades. The Recording Academy is bestowing upon him?a Trustees Award,?an honorary Grammy, that will be acknowledged at the awards ceremony in February.
The Recording Academy previously honored Jobs' company, Apple, with a Grammy in 2002 for "outstanding technical significance to the recording field," the same year Jobs won the Producers Guild of America's Vanguard Award?for Pixar Animation Studios.
Here's what the Academy wrote about Jobs in giving him this posthumous honor:
As former CEO and co-founder of Apple, Steve Jobs helped create products and technology that transformed the way we consume music, TV, movies, and books. A creative visionary, Jobs' innovations such as the iPod and its counterpart, the online iTunes store, revolutionized the industry and how music was distributed and purchased.?
The Trustees Award falls within the Academy's Special Merit Awards, which also include technical Grammy Awards and the Lifetime Achievement Awards. According to the Academy's press release, the Trustees Award "recognizes such contributions in areas other than performance" and is "determined by vote of The Recording Academy's National Board of Trustees."
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Check out Technolog on?Facebook, and on Twitter, follow?Athima Chansanchai, who is also trying to keep her head above water in the?Google+?stream.
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NBA champions Dallas looked nothing like the team that lifted the trophy last June as they stumbled to a second defeat in as many nights, this time to the Denver Nuggets.
Tyreke Evans (L) of the Sacramento Kings drives on Derek Fisher of the Los Angeles Lakers at Power Balance Pavilion in Sacramento, California. The Kings won 100-91.
Denver on Monday hammered the hapless Mavericks 115-93, a day after the Miami Heat routed them in their Christmas Day season-opener in a rematch of last season's championship series.
Dallas trailed Denver 97-68 after three quarters and were down by as many as 33 points in the final period.
"Obviously, we look old and slow and out of shape," said Dirk Nowitzki, the Most Valuable Player of the NBA finals. "That's a bad combination. I still think this team has a lot of potential. We just need to work."
Coach Rick Carlisle shouldered much of the blame.
"It's on all of us, but it's on me more than anybody, not having these guys ready to play," Carlisle said. "I've got to look at this very closely and then come Wednesday we've got to go back at it."
The extended lockout that delayed the start of the season until December has every team struggling to hit their stride with little pre-season preparation.
But Carlisle said that was no excuse for a performance that had fans booing their title-holding team.
"I'm the head coach and it's my job to make sure that these guys are ready to play, and it's clear that they're not," Carlisle said.
"Coach always tries to take the blame if some stuff doesn't go right," Nowitzki said. "But we got a lot of veteran guys. We got to keep on working and eventually turn the corner."
The compressed 66-game schedule means each team faces a more demanding fixture list than normal.
Kobe Bryant and the Los Angeles Lakers are getting an early taste of that intensity with three games in as many days to open the season.
They lost the first by one-point to Chicago, and the second a day later in a 100-91 defeat to the Kings in Sacramento.
Now they must try to regroup for their home game on Tuesday against Utah.
The Orlando Magic, beaten at Oklahoma City on Sunday, bounced back with a 104-95 home win over Houston.
The Thunder notched their second win in as many nights, defeating Minnesota 104-100 to deny the Timberwolves' Spanish sensation Ricky Rubio a victory in his long-anticipated NBA debut.
The 20-year-old Rubio, who made his Spanish league debut at the age of 14, was drafted by the Timberwolves in the 2009 NBA draft but had spent the last two years at Barcelona.
Having finally arrived, Rubio looked confident and came off the bench to hand out six assists with five points and five rebounds in 26 minutes without a turnover.
Minnesota edged ahead by a point three times in the fourth quarter, but couldn't hold off the Thunder's All-Star duo of Kevin Durant and Russell Westbrook.
Even so, the Timberwolves were pleased with the energy on the court and among the standing-room-only crowd of 19,406 fans.
"We didn't play our best game and we still had them down to the last minute," Minnesota's All-Star forward Kevin Love said.
"We're happy with how things went. Obviously, we would have felt better with a win, but we just had a good feeling in the locker room after the game. We just said if we can play like that and give a good effort like that night in and night out, we can win a lot of ball-games."
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Republican presidential candidate, former House Speaker Newt Gingrich speaks to reporters during a campaign stop at the Southbridge Mall in Mason City, Iowa, Wednesday, Dec. 28, 2011. (AP Photo/Charles Dharapak)
Republican presidential candidate, former House Speaker Newt Gingrich speaks to reporters during a campaign stop at the Southbridge Mall in Mason City, Iowa, Wednesday, Dec. 28, 2011. (AP Photo/Charles Dharapak)
Republican presidential candidate, former House Speaker Newt Gingrich, accompanied by his wife Callista, orders a coffee at Jitters Coffee Bar during a campaign stop at the Southbridge Mall in Mason City, Iowa, Wednesday, Dec. 28, 2011. (AP Photo/Charles Dharapak)
Republican presidential candidate, former House Speaker Newt Gingrich, accompanied by his wife Callista, speaks during a campaign stop at the Southbridge Mall in Mason City, Iowa, Wednesday, Dec. 28, 2011. (AP Photo/Charles Dharapak)
Republican presidential candidate, former House Speaker Newt Gingrich places an order with Candy Elsbury, owner, during a campaign stop at the Southbridge Mall in Mason City, Iowa, Wednesday, Dec. 28, 2011. (AP Photo/Charles Dharapak)
LE MARS, Iowa (AP) ? Newt Gingrich has raked in roughly $9 million for the last three months of the year, far more than the former House speaker has been able to collect in any previous quarter, his presidential campaign said Wednesday.
Gingrich has paid off some ? but not all ? of the more than $1 million in debt it had accumulated earlier this year, campaign spokesman R.C. Hammond told reporters.
Gingrich has been sliding in new polls with the leadoff Iowa caucuses just six days away. A new Time-CNN poll had him tumbling 19 percentage points in Iowa from a survey conducted earlier in the month.
The fundraising announcement Wednesday ? weeks before the Jan. 15 deadline to file paperwork with the Federal Election Commission ? seemed designed to counter signs that his campaign is in freefall.
Hammond said the campaign had shelled out about $500,000 for television ads in Iowa running this week. And that was only part of its ad buy, he said.
"Any good campaign would make sure they spend their money before the Iowa caucuses," he said.
Hammond noted that Gingrich's fourth quarter haul was "in the neighborhood" of the amount John McCain raised in the same quarter in 2007. He went on to become the party's nominee and then lost to Democrat Barack Obama.
Gingrich has been outraised by rivals Mitt Romney and Rick Perry.
Earlier Wednesday, Gingrich answered questions about a luxury cruise he took through the Greek Isles last spring that prompted top aides to flee his campaign. He said the vacation, which came just days after he formally announced in May he would seek the presidency, had always been planned to give him time to think and showed he was "a different kind of candidate.".
"I think you need to pace yourself. You need to get a sense of distance," he told reporters following a campaign event in Mason City.
And Gingrich said being in Greece during that country's financial crisis was helpful.
At the time, however, Gingrich's Greek cruise was seen by many political observers as evidence that he wasn't serious about pursuing the White House. Shortly after he returned, the entire top echelon of his fledgling presidential campaign resigned. An aide said at the time there was a question of Gingrich's commitment as well as a path to victory.
Gingrich said Wednesday that from the beginning he wanted to run a different campaign focused on big ideas
"The consultants found this very mystifying, very strange," he said. The trip with his wife, Callista, forced the issue, making clear that he would call the shots, he said.
"Either they wanted to be the advisers to my campaign or they needed to leave because I couldn't be the candidate to their campaign," he said.
The former House speaker distanced himself from a mailer circulating in Iowa and paid for by a political action committee that supports him. The mailer says Romney is the "second most dangerous man in America."
Gingrich had previously pledged to disavow any independent political action committee working on his behalf that went negative.
"I would discourage them from sending out that kind of negative information. I think that's wrong," Gingrich said Wednesday.
He said all of his ads in advance of next week's leadoff Iowa caucuses will be positive.
"You can fight in a positive way. You can be very strong in a positive way," he said.
______
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Taddeo Bwambale
26 December 2011
The Parish Priest of Christ the King Church, Monsignor Gerald Kalumba has condemned the manner in which a fellow catholic priest was arrested following an accident in which a traffic officer was killed.
Fr. Claudio Ssegonja of Bwaise Parish was arrested and charged with reckless driving last week after the car accident claimed the life of a policeman near River Katonga on the Kampala Masaka Road.
Kalumba described the manner in which the priest was arrested as 'inhuman' and urged Ugandans to exercise restraint and humility in such matters.
"The way our priest was arrested was inhuman. It was an accident but he was hand-cuffed and thrown on the back of the pick-up truck like a thief," he said.
Kalumba was addressing Christians during Christmas celebrations at Christ the King Church in Kampala on Sunday.
He appealed to Christians to exercise humility and to focus their minds on the life of Jesus during the festive season.
He also urged Christians to dedicate their lives to Jesus Christ during the Christmas period, instead of merry-making.
"Christmas is not just about eating, rejoicing and dancing, but also a time to reflect on its impact in our lives and our society," he said.
Kalumba condemned the proliferation of witchcraft and asked believers to change their ways during the Christmas season.
He also advised Christians shun their past lives riddled with sin and to embrace a new life free from intolerance and falsehood.
Citing the book of Isaiah in the Bible, he said: "Jesus is the King; as Christians, we should not just sing his glory. Instead, we should live in such a way that those who see us glorify him," Kalumba said.
He also cautioned Christians against pride, saying it was a short-cut to sin. He called upon Christians to emulate the life of Jesus, who came to the world as a baby yet he was king.
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WASHINGTON ? The head of the Republican Party says no negative vibes should be inferred from the GOP's inability, so far, to coalesce around a candidate to challenge President Barack Obama.
Reince Priebus (ryns PREE'-bus) tells ABC's "Good Morning America" it's very early, calling it "a horse race."
He adds, "We'll get there and we'll have a nominee pretty quickly." Asked if the muddled contest might be problematical, Priebus replies, "I don't know if I would get too uptight over that."
Priebus says he isn't worried about a third-party candidate, saying that would likely pose a greater threat to Obama than the GOP.
The party chairman says, "I just think America is ready to put a person in the White House who can make a promise and keep a promise.:"
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What's less known is that most of those rolling creations are produced by a trio of local firms that labor in obscurity most of the year to prepare for a single day in January.
Phoenix Decorating Co. in Pasadena, Fiesta Parade Floats in Irwindale and Artistic Entertainment Services in Azusa are the Rose Parade's Big Three.
With the Jan. 2 showtime fast approaching, the companies are putting the finishing touches on floats that took months to design and build. On average, each craft costs more than a typical U.S. home.
Their handiwork must deliver the "wow" factor for sponsors and spectators ? a bar that gets higher every year ? while navigating the 5.5-mile route without a mechanical failure that could cost them prestige and future contracts.
"For me as a small-business owner, it's a pressure cooker," said Chris Lofthouse, president of Phoenix Decorating.
Like other U.S. businesses, the float-building trade has been squeezed by a slow economy. Some sponsors have trimmed their float budgets or pulled out of the Rose Parade altogether.
The Big Three are keeping a lid on costs by reusing materials as much as possible and continuing to rely heavily on volunteers to decorate their floats.
The companies have also carved out niches to stand apart from one another.
For Phoenix Decorating, size is the sell. The firm is under contract to build 22 of the 44 floats in next week's parade, and it employs a full-time staff of about 300 workers in two Pasadena facilities.
Fiesta Parade Floats touts its track record with the judges. The company says 67% of the floats it has entered over the last 20 years have won awards, which it says is the highest rate among the existing builders in the parade. The company employs 30 workers and is building 11 of the floats for this parade.
Technology is the key for Artistic Entertainment Services, which employs about 60 workers and is building five floats for this parade. Artistic said it excels in the use of state-of-the-art technology, including robotics and lasers for sculpting and casting floats.
Artistic also uses its equipment to build floats for Disneyland as well as signage and props for Universal Studios Hollywood, among other clients.
Combined, the three companies are building 38 floats for next week's parade. The other six floats are being built independently for float sponsors including the cities of La Ca?ada-Flintridge, Downey and Burbank.
Their strategies may differ, but their goals are the same: Find and keep clients with big-budget float orders and create parade entries that make a statement.
"You always try to push the envelope," said Tim Estes, president of Fiesta Parade Floats, which is building what is being billed as the world's longest and heaviest float. The Natural Balance Pet Foods float will be 116 feet long, weigh 65 tons and feature real dogs surfing in a 6,600-gallon pool.
"You have to put out a superior product," he said.
Serious business
Launched in 1890, the Rose Parade has blossomed into a major economic force. The event generates about $181 million in direct spending, plus $58.6 million from the Rose Bowl game that follows, according to a 2008 USC study.
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The eurozone will be a different place from what it is today, even if EU leaders take the serious steps necessary to tackle the eurozone's debt problem.
Milton Friedman, never a fan of the eurozone, predicted it would collapse in 10 years. Now entering its 13th year, the currency union is facing its most critical challenge. And at the Nobel -winning economist may turn out to be right on everything except the exact timing of the dissolution.
Skip to next paragraphThe reason? European leaders continue to miss the mark in their assessment of the root cause of the continuing crisis. To paraphrase Bill Clinton: It's the debt, stupid.
Earlier this month, European lawmakers held the latest in a string of emergency summit meetings to deal with the worsening crisis. Many billed it as the last chance to save the euro. If this is the standard by which the outcome is to be measured, the meeting was an abject failure.
The plan of action European officials positioned as the salvation of the euro consisted of an agreement to draft a revised treaty giving central European Union authorities greater control over how sovereign nations manage their budgets. The participants also agreed that EU central banks would lend another ?200 billion ($262 billion) to the International Monetary Fund. This money would then be used by the IMF as part of the European Stability Mechanism to support the handful of countries struggling to remain solvent.
The first measure is unlikely to ever be ratified as an EU treaty in the face of British opposition. And the alternative fiscal compact that the other EU members are now trying to create is proving legally tricky, even before it runs a gauntlet of political challenges. This leaves the ?200 billion loan to the IMF as the only probable legacy of the summit meeting. Unfortunately, it's not enough to address the issue.
Greece illustrates the problem. ?As the poster child for eurozone fiscal incompetence, it owes all by itself roughly ?350 billion in sovereign debt with about ?200 billion of this owed to banks and other financial institutions. (The remainder is held by the International Monetary Fund and other countries.) But only ?130 billion has been committed to helping Greece. Even if all ?200 billion were committed to Greece alone, it would not cover the debt it owes. No matter how one slices it, that nation is headed for a partial default and the future remains very much in question.
Until the debt is addressed, the EU is simply throwing good money after bad. The reason is that even if EU leaders seem unaware of the debt, markets are not. And markets are forcing indebted nations to pay ever higher amounts of interest to service that debt.
In its most recent bond offering this past Wednesday, Greece was forced to offer yet another euro-era record yield of 6.47 percent on five-year bonds. By contrast, German two-year debt sold at just 0.29 percent. In 2012, Greece has over ?50 billion in maturing debt that will come due, ?17 billion of which is in the form of interest payments.
Other, much larger eurozone countries face similar challenges. And if the EU can't come up with enough money to bail out a tiny country like Greece, there's no way it can do it for a big one like Italy or Spain. The resources simply are not there.
The only way out is to ?reset? the debt by forcing these countries into default. This approach also makes it possible to redirect the bailout fund money to the bondholders, thereby softening the blow to the financial system.
Forcing the default of one or more Eurozone countries is a drastic move, but it is necessary to safeguard the remaining members. Under the current approach, even the strongest economies will eventually be bled dry as investor confidence deteriorates and bailout costs rise.
Whether? governments have the political will to act in such a decisive manner is a different matter. Nevertheless, the realization is dawning that in the near future, the eurozone will be a different place than it is today. The question is whether this change will be the product of reasoned policy for the betterment of all, or a collapse that a wise economist predicted years ago.?
??Scott Boyd?is a currency analyst with OANDA,?a Forex trading company with offices in?New York,Toronto,?Singapore, and?Dubai,?and contributes to the company?s?MarketPulse FX?blog.
Source: http://rss.csmonitor.com/~r/feeds/csm/~3/JT4xnBpTxWA/Is-the-curtain-falling-on-the-eurozone
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By NANCY ARMOUR
updated 8:08 p.m. ET Dec. 20, 2011
With the final seconds ticking down and the Americans on the verge of their earliest exit ever from the Women's World Cup, Abby Wambach kept waving her index finger at her teammates.
One chance, she screamed, all they needed was one chance.
When it came in the form of a left-footed cross from Megan Rapinoe, Wambach pounced. With one vicious whip of her head, she changed the course of this year's World Cup and sparked a nationwide frenzy rarely seen for women's sports.
Wambach's clutch performance at this summer's World Cup made her the clear choice for the 2011 Female Athlete of the Year, selected by members of The Associated Press. The U.S. forward received 65 of the 214 votes cast, while teammate Hope Solo (38) was a distant second and UConn basketball star Maya Moore (35) was third.
Wambach is the first individual soccer player ? man or woman ? to win one of the AP's annual sports awards, which began in 1931. The U.S. women's team won in 1999, when their World Cup triumph at the Rose Bowl transfixed the nation.
"We, as a team, did something that no team since Mia Hamm was able to do," Wambach told the AP. "Even the team that won the (Olympic) gold medal in 2008 wasn't able to inspire and get people excited about women's soccer. It goes to show you the impact drama can bring."
Wambach's four goals in Germany give her 13 in three World Cup appearances. That's the most by an American, topping Michelle Akers by one, and puts her third on the all-time World Cup scoring list behind Brazil's Marta and Germany's Birgit Prinz. The 31-year-old ranks third on the U.S. career scoring list with 125 goals, trailing only Mia Hamm (158) and Kristine Lilly (130).
"When she's on top of her game," U.S. coach Pia Sundhage said, "she's one of the best in the world."
Wambach was certainly at her best at the World Cup, leading the Americans to the final, where they lost to Japan on penalty kicks.
The U.S. has long been the dominant team in women's soccer, winning two of the first three World Cups and all but one of the Olympic gold medals since the sport was added to the program in 1996. The Americans were so famous they could go by one name ? Mia, Brandi, Foudy ? and they got rock star treatment during the 1999 World Cup, playing to sold-out crowds in massive stadiums from coast to coast.
Americans grew spoiled by the group's success, however, and were barely able to muster a yawn when the U.S. won the Olympic gold medals in 2004 and 2008. Many people in the States may not have even realized there was a World Cup going on this summer.
Then came that quarterfinal against Brazil.
Down a player for almost an hour, the Americans were less than 90 seconds from losing in overtime after squandering an early lead. But in the 122nd minute, Rapinoe lofted a cross from 30 yards and Wambach rose above the Brazilian defenders. One of the world's best players in the air, she scored on a thunderous header, setting off pandemonium in the stadium that soon spread clear across the Atlantic Ocean.
"It just seemed surreal. Even in the moment, I was feeling like it was a dream because we were so against the ropes and everything was pointed to us going down that day," Wambach said. "But there was something inside of us that wasn't going to allow that to happen. We weren't quite ready to give up."
There are few things Americans like more than winners, especially those who wear "U-S-A" on their chests. That the U.S. women were a fierce, gritty bunch who refused to be beaten only made them more appealing, particularly in a summer when all the other news ? the economy, home sales, the NFL lockout ? was bleak.
By the time the U.S. beat Brazil on penalty kicks ? Wambach and her teammates made all of theirs ? folks who couldn't tell a bicycle kick from a Schwinn were piling on the bandwagon. Celebrities such as Tom Hanks, Lil Wayne and Super Bowl MVP Aaron Rodgers were quick to show the Americans some love, and the women even got face time on the Jumbotron at Yankee Stadium.
"People kind of forgot about their woes and were able to celebrate," Wambach said.
She did her part to keep it going, heading in a corner kick for the go-ahead goal in the 79th minute of the semifinal against France. Wambach also scored in the final, giving the U.S. a 2-1 lead in the 104th minute of overtime. But Homare Sawa tied the game in the 117th, and the Americans lost 3-1 on penalty kicks.
Despite the loss, the Americans were welcomed home like champions. They had inspired the country when it needed it, and that meant as much as any trophy or title.
Almost six months later, the accolades are still coming. Wambach was named Sportswoman of the Year by the Women's Sports Foundation, and the victory over Brazil was named the top sports accomplishment of the year in a Marist poll. The Women's World Cup ranked 10th in the voting for AP sports story of the year.
"I'm not a person who cares much about (individual) awards, but I really appreciate you guys recognizing this team," Wambach said. "It helps keep this sport alive, and it's really important."
Wambach takes her role as ambassador for the game seriously, recognizing that time in the spotlight is still rare for women's soccer and it must be taken advantage of. She is as accommodating a star athlete as there is, happy to sign autographs, pose for pictures or do interviews. This is how the game is grown, and that, not the goals or the scoring records, is what she hopes her legacy will be.
"Hopefully when I'm long gone, this team is so good that people don't even talk about (me)," she said. "Truthfully."
Not that Wambach is going anywhere.
The Americans are the defending Olympic champions, and Wambach and her teammates are currently training for next month's regional qualifying tournament. She hopes to be healthy enough to play at the 2015 World Cup in Canada, and fill that last gap in a resume as dazzling as anyone who's ever worn the U.S. uniform.
"I have to say, of all people, I think she is one of the best role models: interacting with fans, saying good things about the game, saying good things about this country, saying good things about her teammates," Sundhage said. "I'm very proud of the fact I've had the chance to coach her for so many years. It will be a highlight of my career."
___
Follow Nancy Armour at http://www.twitter.com/nrarmour
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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More newsStephen Dunn / Getty ImagesDavid Beckham's management company says reports the former England captain has agreed a deal to join Paris Saint-Germain are "premature."
AC Milan vice president Adriano Galliani says he will meet with Manchester City on Thursday to discuss signing striker Carlos Tevez.
Source: http://nbcsports.msnbc.com/id/45738566/ns/sports-soccer/
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LOS ANGELES ? A Los Angeles federal judge on Wednesday upheld former reality show producer Bruce Beresford-Redman's extradition to Mexico to face charges in his wife's death.
U.S. District Judge Philip S. Gutierrez wrote that there are many pages of competent evidence supporting prosecution claims that the producer killed his wife during a family vacation in Mexico last year.
The Emmy-nominated producer of "Survivor" has been jailed in Los Angeles since November on a fugitive warrant.
His attorneys filed a petition for writ of habeas corpus in August arguing that his detention was not supported by facts in the case. Gutierrez disagreed, saying all evidence points to a homicide committed by Beresford-Redman.
He cited "pages upon pages of competent evidence demonstrating that the fugitive committed the offense for which extradition was sought, namely the aggravated homicide of the victim."
Gutierrez said materials presented to him documented "the infidelity, fighting, screaming from the hotel room, the fugitive's opportunity to dispose of the victim's body" and other evidence including scratches and abrasions fund on Beresford-Redman's body and his flight to avoid arrest in Mexico.
"All of this evidence points to homicide committed by the fugitive," said the judge's two-page ruling.
Beresford-Redman's attorney, Richard Hirsch, said he was weighing his options in the case and would make a statement later.
Hirsch could appeal the decision to the 9th U.S. Circuit Court of Appeals. If he does not appeal further, U.S. Attorney's spokesman Thom Mrozek said Mexico's extradition request would be submitted to U.S. Secretary of State Hillary Rodham Clinton for final disposition.
Prosecutors have presented statements from hotel guests who said they heard loud arguing and cries of distress coming from the couple's room on the night Monica Beresford-Redman went missing. Her body was found days later in a sewer cistern not far from the room the couple shared with their young children.
The producer's attorneys have claimed the noises came from Beresford-Redman and his children playing loud games throughout the night. They introduced statements from the couple's 6-year-old daughter to corroborate the claim, but judges who have reviewed the case were not swayed.
If he is convicted of aggravated homicide in Mexico, Redman faces 12 to 30 years in a Mexican prison.
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NEW YORK?? Veteran film and television actor Dan Frazer, best known for his role as Captain Frank McNeil on the 1970s television series "Kojak," has died in New York. He was 90.
Frazer's daughter, Susanna Frazer, said Sunday her father died of cardiac arrest Dec. 16 at his home in Manhattan. She described him as a "very truthful, naturalistic actor."
Frazer started playing character roles in various television series and films in the 1950s. His films include "Cleopatra Jones," "Take the Money and Run" "Gideon's Trumpet" and "Deconstructing Harry." Besides "Kojak," Frazer's television appearances include "Car 54, Where Are You," "Route 66," "Barney Miller" and "Law & Order."
He was a member of The Academy of Motion Picture Arts and Sciences and an adviser to The Workshop Theatre Co.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://today.msnbc.msn.com/id/45718845/ns/today-entertainment/
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Police rescued dozens of students at an Islamic seminary in the Pakistani city of Karachi. Chaining is not unheard of for drug or mental health treatment in the region.
Police rescued dozens of students at an Islamic seminary Monday in the Pakistani city of Karachi, saying that some of them were drug addicts kept in chains. While the case has gained global notoriety, this form of ?rehabilitation? is not unheard of in the region.
Skip to next paragraphThe Associated Press reported that parents of some 60 youths paid the seminary to ?treat their children through a regime of Islamic instruction and worship, or simply to take them off their hands.?
Chaining as a form of rehabilitation goes on in other religious institutions in the region, most notably Sufi shrines. I reported for the Monitor in 2009 on a shrine outside Jalalabad, Afghanistan, where families would leave relatives who were mentally ill or addicted to drugs.
A standard treatment at the shrine was to chain a patient for 40 days, either in a small cell or to a tree in the courtyard, and administer a strict diet of bread and black pepper:
"Mia Sahib, one of the shrine-keepers, explains that his patients are possessed by demons known as?djinns. For some, he offers a?taweez?- a Koranic verse written on a slip of paper. Others require 40 days of confinement.
"A mental patient doesn't know himself," explains Mia Sahib. "In 40 days, he is going to know himself fast. He will know he has some?djinn?inside. Once he knows he has a?djinn?inside, he will clean himself. And once he cleans himself, he will know Allah."
Mia Sahib claimed to have some success with this method, but he admitted he could do little for patients addicted to opium. Yet, during my visit, he was still confining in chains a drug addict named Waseem from Pakistan. Waseem explained that a relative had tricked him into making the journey that resulted in his imprisonment.
Reports out of Karachi talk of grubby conditions in the basement of the seminary where the students were chained.
The men were not allowed to use the bathrooms at night either. ?It?s embarrassing to tell but we were given a water bottle to pee in. If we urinated in bed, we were lashed,? said Babar, a teenager.?
I observed similar conditions at the shrine. Each of the patients lived alone in a tiny cell with no door. Each had only a couple feet at most of slack in the chain that linked his ankle to the nearby wall. Some would use uncollected trash in their sell to fling their own waste out the doorway.
Afghanistan has made some strides in modernizing its mental health system, including upgrades to psychiatric wards and the replacement of chains with medication. But mental health doctors still expressed frustration that people sometimes still preferred to send their relatives to shrines like the one outside Jalalabad.
The mental health community in Afghanistan is hoping education campaigns will eventually put the shrines out of work. Meanwhile, the Karachi case is focusing renewed attention on madrassah reform,?with critics arguing the seminaries need more oversight to prevent cases of physical and sexual abuse. One of the most gripping pleas for reform came days before the Karachi raid, when a former madrassah student penned a first-person essay about the abuse he experienced.
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