Sunday, December 25, 2011

Dollar rises after mixed US economic reports (AP)

NEW YORK ? The dollar rose against other major currencies after the U.S. government released a pair of mixed economic reports.

Currency trading is thin Friday ahead of Christmas. U.S. financial markets will be closed Monday in observance of the holiday, which falls on Sunday.

The euro fell to $1.3040 in late trading Friday from $1.3043 late Thursday. The British pound fell to $1.5605 from $1.5678. The dollar rose to 0.9371 Swiss franc from 0.9364.

The Commerce Department said Friday that orders to U.S. factories for durable goods rose 3.8 percent in November, the biggest gain since July.

In a separate report, the Commerce Department said that consumer spending rose 0.1 percent and incomes also rose 0.1 percent. Both gains were below what economists were expecting.

In other trading Friday, the dollar fell to 78.02 Japanese yen from 78.17 Japanese yen and to 1.0206 Canadian dollar from 1.0212 Canadian dollar.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20111223/ap_on_bi_ge/us_dollar

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Steve Jobs to get Grammy for revolutionizing music

The accolades for Steve Jobs, who died Oct 5, are still pouring in. The Recording Academy said on Wednesday it is giving the co-founder of Apple a special "Trustees Award" Grammy. The Grammys, of course, are the top honors in the U.S. music industry.

"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," the Recording Academy said in a statement.

"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 statement added.

A formal acknowledgment of his award will be made during annual Grammy Awards ceremony on February 12 in Los Angeles.

In 2002, Apple was a recipient of a technical Grammy award for contributions of outstanding technical significance to the recording field.

(Reporting by Poornima Gupta; Editing by Jill Serjeant and Bob Tourtellotte)

Source: http://www.ibtimes.com/articles/20111222/steve-jobs-to-get-grammy-for-revolutionizing-music.htm

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Ron Paul Raised Money by Forecasting 'Race War' (Little green footballs)

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Analysis: What's the plan if North Korea collapses? (Reuters)

SEOUL (Reuters) ? North Korea appears to be making an orderly transition after the death of leader Kim Jong-il last week, but the risk of collapse is higher than before and regional powers need to start discussing that contingency with China, diplomats and analysts say.

The problem is China refuses to contemplate any unraveling of North Korea which has nuclear ambitions and is its long-term ally. Beijing has rebuffed such overtures from the United States, Japan and South Korea.

"Secret talks with China to plan for contingencies have long been overdue," said Douglas Paal, vice president for studies at the Carnegie Endowment for International Peace in a paper this week.

"Beijing has been reluctant to engage in this kind of dialogue, although Chinese thinkers have increasingly acknowledged privately the need for such an authoritative conversation."

Yet little evidence has emerged that such talks have taken place or are being planned, despite a flurry of discussions between the four countries in the aftermath of Kim's death last Saturday.

Japanese Prime Minister Yoshihiko Noda travels to Beijing at the weekend, but it is unlikely that China would entertain anything more than platitudes. No contingency plan can be coordinated without China's agreement, since it borders North Korea and supplies much of its food and fuel.

Christopher Hill, a former envoy to the six-party talks on North Korea nuclear disarmament, said it was difficult to raise North Korean instability scenarios with China.

"The Chinese are always skittish about these things," he said, adding that the disclosure of secret U.S. diplomatic cables by WikiLeaks have made them especially wary of contingency planning.

Still, the transition of power in North Korea from the departed "Dear Leader," Kim Jong-il, to his son, the "Great Successor" Kim Jong-un, is going smoothly so far.

"We hope it stays that well," said Pentagon spokesman George Little. "We have not seen any unusual North Korean troop movements since the death of Kim Jong-il. That would be one indicator of a less than smooth transition."

The real worry is further down the road if a contest for power develops and piles stresses on a state that is already perilously close to economic collapse.

China, the United States and other regional powers around the peninsula may face a number of daunting scenarios if the transition goes badly over the medium term. These could include civil conflict, a mass exodus of refugees, military mutiny, lost control of the North's small nuclear arsenal or military attack.

A CHANGE IN CHINA?

China is however undergoing its own leadership transition in 2012 and down the line it's not impossible that there may be some changes in its steadfast refusal to work with the United States and its allies on contingency planning for North Korea.

In one Feb 22, 2010 cable by then U.S. ambassador to Seoul Kathleen Stephens, a top South Korean diplomat cited private conversations with two high-level Chinese officials who said China could live with a reunified Korea under the control of South Korea.

The then South Korean vice foreign minister, Chun Yung-woo, who was also a delegate at the six-party talks, said the two Chinese officials told him privately that China "would clearly not welcome any U.S. military presence north of the Demilitarized Zone in the event of a collapse."

But the Chinese officials told him Beijing "would be comfortable with a reunified Korea controlled by Seoul and anchored to the United States in a 'benign alliance' - as long as Korea was not hostile towards China."

The United States maintains 28,500 troops in South Korea and remains the Supreme Commander of unified American and South Korean troops in the event of a crisis with the North.

Chun, now the South Korean president's national security adviser, did not respond to a request for comment.

Chun also told the U.S. ambassador in that cable that China would not militarily intervene in the event of a North Korea collapse, and he expected that to happen within two to three years after the death of Kim Jong-il.

The alleged remarks from the two Chinese diplomats do not represent China's official position on North Korea. But China's ability to influence North Korea is sometimes over-estimated. In April 2009, He Yafei, then China's vice foreign minister, told a U.S. diplomat in Beijing that North Korea acted like a "spoiled child" to attract U.S. attention through steps such as firing a three-stage rocket over Japan.

The official line from Beijing, repeated during a visit by Kim Jong-il to China in May, is that the relationship remains "sealed in blood" of the allies that fought together in the Korean War.

"For China, the core imperative remains the avoidance of anything that might compromise North Korea's stability," said Sarah McDowall, an analyst at IHS Jane's.

"Occasionally, however, when North Korea commits particularly blatant provocations, this priority comes into conflict with another of China's over-riding diplomatic objectives - its desire to be seen as a responsible global player. China's behavior with regards to North Korea in recent years has been a struggle to balance these two objectives."

PEACEFUL REUNIFICATION

In another Wikileaks cable from Astana, Kazakhstan on June 8, 2009, Chinese ambassador Cheng Guoping told his U.S. counterpart Richard Hoagland that China opposes North Korea's nuclear tests and hopes for peaceful reunification of the peninsula over the long term.

Cheng said China's objectives in North Korea were to ensure their commitments on non-proliferation, maintain stability, and 'don't drive (Kim Jong-il) mad,'" Hoagland said in the cable.

John Park, at the United States Institute of Peace in Washington, used a medical analogy to describe the difference in the U.S. and Chinese approaches.

"The way contingency planning is framed by the U.S. is, 'Let us coordinate so that if the North Korean state does collapse we can harvest the organs, and we think they should be implanted in a unified Korea, and the more the U.S. and China coordinate on this, the more smooth and stable it will be.'

"Whereas China's view is, 'Why would you wait for until the patient dies? Why wouldn't you prevent the death of the regime.' So there the Chinese are adopting almost this preventive medicine approach."

Jia Qingguo, professor of international relations at Peking University, said prospects for political stability in North Korea were bleak and interested powers needed "to step up communications, especially now the risks of a crisis are quite high."

The loyalty of those around the "Great Successor" is difficult to ascertain, Jia said.

"Add to that all the many problems, domestic and external, confronting North Korea. In these circumstances, I think it's very difficult to say whether Kim Jong-un will be able to master the political apparatus."

Kim Jong-un, who is in his late 20s, has little experience. His father Kim Jong-il had 20 years to prepare for rule under the tutelage of his father, Kim Il-sung, the charismatic founding father of the North Korean state.

Analysts have said senior officers were replaced after young Kim was made a four-star general last year, though he had never served in the military.

Issues that need to be urgently addressed in contingency planning include how to provide aid in the face of a collapse or crisis, and how to ensure the safety of the North's nuclear materials, Jia said.

"I think from the viewpoint of China and the United States, it may be up to one of them to assume control of the nuclear weapons and avoid proliferation."

A former Japanese diplomat who dealt with North Korean issues, Hitoshi Tanaka, questioned whether any measures would be effective in the event of "internal domestic turmoil" in North Korea.

South Korea, China, Japan and the United States "are very busy collecting and exchanging information and comparing notes" about North Korea's future, but that information is "very, very limited."

"It is extremely important...to let China work in the most constructive way, because clearly, China is the last resort in the context of helping North Korea," he said.

(Additional reporting by Chris Buckley in Beijing, Paul Eckert and Warren Strobel in Washington, Linda Sieg in Tokyo and Jack Kim in Seoul; Editing by David Chance)

Source: http://us.rd.yahoo.com/dailynews/rss/nkorea/*http%3A//news.yahoo.com/s/nm/20111223/ts_nm/us_korea_north_collapse

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California could lose 1,500 inmate firefighters

Reporting from Sacramento?

When Gov. Jerry Brown and the Legislature shifted responsibility for thousands of state prisoners to county jails, some authorities said it would mean more offenders on the streets breaking the law.

Few saw another possible peril: the loss of more than 1,500 inmate firefighters.

Since World War II, the state has relied on nonviolent offenders serving time for such crimes as burglary, drug possession and welfare fraud to help clear brush, cut fire lines and stop infernos from spreading.

Fire officials say the prisoners, selected from a pool of those who exhibit ideal behavior in custody, can be as much as half the manpower assigned to a large fire.

"When things get busy, it's the first thing we run out of," said Andy McMurry, deputy director of fire protection for the California Department of Forestry and Fire Protection.

Now, the realignment of inmate custody, developed to comply with a U.S. Supreme Court decision that overcrowding must be reduced in state lockups, is expected to keep thousands of those low-level offenders in county jails, where many could be released early because space is scarce.

Fire officials say they can sustain the number of inmate crews for now, but their forces will begin to shrink in 2013. The reduction, if fully implemented, would cut the inmate firefighting ranks by nearly 40%, according to the Department of Corrections and Rehabilitation, which operates the program jointly with Cal Fire.

State corrections and fire officials are working with local governments to head off that scenario with a separate training program for county inmates. But at a legislative hearing this month, county and local law enforcement representatives balked at the price tag ? $46 per inmate per day.

Rather than stockpiling nonviolent offenders in county jails, some sheriff's departments are considering cheaper alternatives, such as releasing them with electronic monitoring.

"Some sheriffs feel they can get a better bang for their buck," Curtis Hill, a lobbyist for the California State Sheriffs' Assn., said at the hearing.

In addition, he said, some jurisdictions would rather have offenders doing manual labor than waiting around for a fire. Losing county inmates to fire crews would hurt "the capability of local communities to use that population for their own projects."

The issue is of particular concern to the Republican lawmakers who represent some of the state's most rural areas, which are more prone to wildfires.

State Sen. Doug La Malfa (R-Richvale) wondered whether there would even be enough eligible inmates left in county prisons to volunteer for fire crews.

"If our lowest-level offenders have been ankle-braceleted and are out, how do we get them to come back?" he said at the hearing.

State officials countered that nonviolent offenders would continue to receive two days off their sentences for each day spent in a fire camp.

Assemblyman Kevin Jeffries (R-Riverside) said in an interview that maintaining inmate firefighting ranks is critical to public safety. Without them, he said, large fires would be likely to burn longer, causing more damage and increasing personnel costs.

"There really are no other resources," said Jeffries, a former volunteer fire captain in Riverside County for nearly three decades. "It's boots on the ground that put fires out. If you go beyond the utilization of inmates, the price tag goes up dramatically."

Fire officials pledged to find a solution, arguing that the program's benefit is significant to both the state and the prisoners.

"For a lot of them, it's the first time they've done anything real positive in their lives," said McMurry, the Cal Fire deputy. "It's hard to put a dollar-and-cents figure on that."

michael.mishak@latimes.com

Source: http://www.latimes.com/news/local/la-me-firefighting-20111225,0,2361588.story?track=rss

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Ron Paul Is a Dangerous Tin Man Who Has No Heart (ContributorNetwork)

COMMENTARY | Less than two weeks remain before the Jan. 3 Iowa caucuses. On Wednesday an Iowa State University/Gazette/KCRG poll showed Texas Rep. Ron Paul leading the GOP presidential race with 27.5 percent. Former House Speaker Newt Gingrich placed second with 25.3 percent followed by former Massachusetts Gov. Mitt Romney with 17.5 percent.

Like the Tin Man from the Wizard of Oz, Ron Paul is seen by many as a quirky but well-meaning fellow who -- aside from having a few odd-ball ideas -- poses no real threat to the world. However, where a Tin Man in search of a heart may be seen as endearing, when a man who is vacant of heart and the capacity to feel compassion for his fellow man is determined to be the leader of the free world it becomes nothing less than dangerous.

It is said that we are known by the company we keep. Paul's 30-year friendship and frequent guest interviews by radio talk show host and rabid fellow conspiracy theorist Alex Jones and his comfort in feeding the suspicious minds of the youthful Student Scholars for 9/11 Truth that Americans are responsible for 9-11 are already a matter of record. Still, where Paul's long-term preference to associate himself with people of irrational mind demonstrates a connate history of obsessive paranoia and loathing for his country, more disturbing is his utter lack of compassion for the suffering of others in the world.

As quoted by Real Clear Politics, Ron Paul believes that "all foreign aid is worthless."

Ambassador Eric Goosby, M.D., who oversees implementation of the U.S. President's Emergency Plan for AIDS Relief (PEPFAR), believes otherwise.

In his remarks during his Dec. 13 speech, in honor of Dr. David Barmes before "fellow laborers in the fight against AIDS," the United States Global AIDS Coordinator said "a Stanford University study demonstrated that over a million deaths were averted in the first 4 years of PEPFAR alone, a number we expect has at least doubled since that time."

As stated in his profile of the official PEPFAR website Goosby has "longstanding working relationships with leading multilateral organizations" like the Global Fund.

"As of December," Global Fund states on their website, their efforts "save an estimated 100,000 lives every month."

Were it left to Ron Paul, rather than funding the "worthless" efforts that save thousands of lives, America would hoard its money and simply "export maybe some principles about free markets and sound money and maybe they can produce some of their own wealth."

Paul also appears to have a cowardly closeted racist streak and, when pressed during an interview on Wednesday with CNN Chief Political Analyst Gloria Borger regarding some controversial newsletters printed in the 1980s and 1990s under his name, Paul became irritated to a point of removing his mic and walking out on the interview.

Among the many racially charged comments attributed to Paul in the publications was a 1992 statement that: "Order was only restored in L.A. when it came time for the blacks to pick up their welfare checks."

"I never read that stuff," Paul told Borger, oddly reminiscent of Obama's excuse reported by CNN in 2008 that - while sitting in the pew of Jeremiah Wright's church for 20 years -- he never heard the rancid litany of anti America remarks escaping the pastor's mouth.

Still, the most unsettling evidence regarding the warped mind of Ron Paul was revealed -- yet widely overlooked -- by Paul himself during November's Thanksgiving Forum Debate in Des Moines, Iowa.

When the candidates were asked by pollster-moderator Frank Luntz to identify a "failure" in their life from which they learned lessons that would make them a "better president," Paul had a profoundly alarming answer.

"To find one thing where I really goofed it or I had to suffer through it," Paul explained, "it's almost arrogant to think I can't find any one thing."

In other words -- aside from such "incidental" things as hating to watch himself on T.V. because all he can see are his "imperfections" and his lament in losing what he believed was his potential during his teenaged years in having "pretty darn good career in athletics, particularly in track and maybe football and maybe even baseball," were it not for "some severe injuries" - Paul truly believes that he is otherwise perfect.

When someone who has lived for nearly 70 years can say with absolute conviction that they've not made a single mistake it is safe for others to label them as certifiably delusional. For others to place someone with that level of specious conceit in the White House is nothing less than dangerous.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ac/20111224/pl_ac/10739311_ron_paul_is_a_dangerous_tin_man_who_has_no_heart

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