Category: Top Stories

Micronesia profile

Micronesia, in the western Pacific, consists of some 600 islands grouped into four states: Kosrae, Pohnpei, Chuuk (Truk) and Yap.

Occupying a very small total land mass, it is scattered over an ocean expanse five times the size of France.

Though formally independent, in 1986 Micronesia signed a "Compact of Free Association" with the US. Under this, Washington took on responsibility for defence and gained the right to set up military bases and deny other nations access to Micronesia. In return, Micronesia received financial assistance averaging $100m per year, and the right of Micronesians to live and work in the US. Micronesia also takes its cue from Washington on foreign policy.

A renegotiated 20-year compact, worth $3.5 billion to Micronesia and the Marshall Islands, was signed by US President George W Bush in December 2003. Some of the money is being diverted into trust funds, intended to provide a financial resource for Micronesia after the compact expires.

Despite its small population and the large amount of incoming aid from the US, Japan and elsewhere, Micronesia has relatively high unemployment, a matter compounded by increasing numbers of Filipino migrant workers.

Many Micronesians live without electricity or running water, which is in short supply and is sometimes rationed. The gap between rich and poor is increasing as business and officials benefit disproportionately from US aid donations.

Micronesia's biggest challenge is to find a way of lessening its dependence on foreign aid. Given the islands' splendid beaches and scuba diving opportunities, tourism offers one possibility, but this is constrained by the lack of adequate infrastructure and the islands' remoteness.

© 2011 BBC News (www.bbc.co.uk)

Ivory Coast profile

Once hailed as a model of stability, during the first decade of the twenty-first century Ivory Coast slipped into the kind of internal strife that has plagued so many African countries.

When Mr Gbagbo replaced Robert Guei after he was deposed in a popular uprising in 2000, violence replaced xenophobia. Scores of Mr Ouattara's supporters were killed after their leader called for new elections.

In September 2002 a troop mutiny escalated into a full-scale rebellion, voicing the ongoing discontent of northern Muslims who felt they were being discriminated against in Ivorian politics. Thousands were killed in the conflict.

Although most of the fighting ended in 2004, Ivory Coast remained tense and divided. French and UN peacekeepers patrolled the buffer zone which separated the north, held by rebels known as the New Forces, and the government-controlled south.

After repeated delays, elections aimed at ending the conflict were finally held in October 2010. But the vote ushered in more unrest when the incumbent, Laurent Gbagbo, refused to concede victory to the internationally recognised winner, Alassane Ouattara.

The ensuing four-month stand-off was only ended when Mr Ouattara's forces overran the south of the country, finally capturing Mr Gbagbo and declaring him deposed. In November 2011, Mr Gbagbo was transferred to The Hague to stand trial at the International Criminal Court on charges of crimes against humanity.

© 2011 BBC News (www.bbc.co.uk)

Former kidnap victim Elizabeth Smart marries in Hawaii


SALT LAKE CITY |
Sun Feb 19, 2012 8:52am EST

SALT LAKE CITY (Reuters) – Elizabeth Smart, who was kidnapped at age 14 from her Utah home and held for what she described as “nine months of hell,” exchanged vows on Saturday with her boyfriend of the past year at a private wedding in Hawaii, her uncle told Reuters.

Smart, 24, and Matthew Gilmour, whom she met while she was serving a religious mission in Europe for the Church of Jesus Christ of Latter-day Saints, tied the knot at a Mormon temple overlooking the Pacific on the North Shore of Oahu, her uncle, Tom Smart, said.

A spokesman for Elizabeth Smart, Chris Thomas, added in a statement that the couple were accompanied by a small group of immediate family, and he described them as “beaming” as they left the temple on their way to a reception and luau.

The couple was to depart on an “extended honeymoon” after the day’s festivities, Thomas said. According to People magazine, Gilmour is 22.

Smart, now an advocate for missing children and occasional television news commentator, announced last month that she was engaged to be married with a wedding anticipated for early summer.

But facing media attention that was growing “increasingly invasive,” Smart decided about a week ago that “the best way to avoid significant distraction was to change her wedding plans and to get married in an unscheduled ceremony outside of Utah,” Thomas said.

Smart was abducted at knifepoint from her bedroom in June 2002 by a homeless street preacher, Brian David Mitchell, and was repeatedly raped and forced to wander with her captor from town to town for nine months.

She was freed after being spotted by passers-by in a Salt Lake City suburb in 2003. Her kidnapping shocked Americans, and the extensive search for the missing teen was covered exhaustively in the U.S. media.

Mitchell was convicted in 2010 of kidnapping and unlawful transportation of a minor across state lines to engage in sexual activity. He was sentenced in May to life in prison.

Smart testified during Mitchell’s trial, describing her time as his captive as “nine months of hell.”

Mitchell’s wife, Wanda Barzee, was sentenced to a 15-year prison term in 2010 after pleading guilty to conspiracy and cooperating with prosecutors in the case against Mitchell.

ABC News in July announced that it had hired Smart, who has shown composure since her release from captivity, as a contributor on stories about missing persons.

(Writing by Steve Gorman; Editing by Greg McCune)

© 2011 REUTERS (www.reuters.com)

Child asylum seekers compensated

Forty children held in adult detention centres while seeking asylum are understood to have received a share of £1m compensation from the Home Office.

This policy was eventually accepted to be unlawful by the Home Office in January 2007, which conceded that it "did not strike the right balance between, on the one hand, the interests of firm and fair immigration control and, on the other hand, the importance of avoiding the detention of unaccompanied children".

A UK Border Agency spokesman said: "We take the welfare of young people exceptionally seriously.

"Where there is any doubt over an individual's age, they will not be detained unless an independent local authority age assessment concludes that they are over 18. These checks are carried out by social workers with expert knowledge.

"All of our front-line staff receive specialist training to ensure that the welfare of young people is considered at every stage."

The Refugee Council said children without families were still being detained, which was "unacceptable".

Chief executive Donna Covey said the government has made steps towards ending child detention since pledging to do so nearly two years ago..

But she added: "Children who are here on their own, many having fled horrifying experiences in their own countries, are still being detained due to flaws in the system.

"We know from our work with detained young people that detention can severely damage their physical and mental wellbeing."

© 2011 BBC News (www.bbc.co.uk)

Amazon Acquires Blocks in Seattle

Amazon.com Inc. is purchasing property in central Seattle with plans to construct about 3 million square feet of office space, a move that could have the online retail bellwether owning its corporate headquarters for the first time amid dramatic expansion.

Amazon is buying three large contiguous blocks in central Seattle—a short walk south of where it leases its current headquarters—from Clise Properties Inc.

Real estate developer Seneca Group Inc., which is working with Clise, has filed papers with the city to build three office towers on the properties, each of which could include 1 million square feet of office space.

“I think it’s a first, because of the size,” said Clise Chief Executive Al Clise. “There are corporate headquarters in Seattle, but nothing of this size.”

Mr. Clise declined to disclose the price being paid by Amazon. The deal is expected to be finalized later this year.

An Amazon spokeswoman declined to comment, and a representative from Seneca Group did not respond to a request for comment.

“This is a new direction” for the company, Mr. Clise said. “They’re planning for the future.” Mr. Clise said Amazon also has options to acquire “significant” parcels of adjacent property in the future to accommodate further growth.

Bryan Stevens, Seattle’s industrial permit liaison, said the city has not yet received applications from Amazon with design details.

Current zoning for the properties Amazon has acquired allows for buildings up to 500 feet in height, or about 40 stories, Stevens noted.

Amazon’s real estate purchase comes as it finds itself in the midst of a dramatic growth spurt. The company reported recently that it ended 2011 with 56,200 employees, a 67% increase from the prior year.

Amazon’s spending on employee additions, fulfillment centers and data infrastructure contributed to a sharp drop in fourth-quarter profit, as the company’s normally impressive rate of quarterly revenue growth missed expectations.

It was not immediately clear how many employees Amazon could house within the 3 million additional square feet of office space.

Yahoo Inc. won approval in 2010 to build a 3 million square-foot office campus in Silicon Valley, not far from its current headquarters in Sunnyvale, Calif. That campus could accommodate roughly 12,000 employees.

Write to John Letzing at john.letzing@dowjones.com

© 2011 Wall Street Journal (www.wsj.com)

Pain and redemption of WWII interned Japanese-Americans

Seventy years ago, in the wake of the Pearl Harbor attacks, the US West Coast was cleared of Japanese-Americans. More than 110,000 people were put into internment camps, in what was the largest official forced relocation in US history. For many who lived through it, the story remains a painful one.

Her parents ran a strawberry farm, and were regarded as upstanding members of the community – good, hard-working and church-going.

The public was right behind the measures.

Mary's family stayed in a bare room approximately 20ft x 24ft (6m x 7m) with one small window and a bare light-bulb. They were each given a woollen blanket and an army cot for a bed.

Though they did not know it at the time, those who answered yes to both questions – as Mary's family did – would be classified as "loyals" and would be allowed to leave.

The young men, such as Mary's brother, were drafted into the US Army.

"As my brother got on the bus, drove through the gate and left, my mother and I wept, and wondered when it would be our turn to leave."

Her turn came soon afterwards, in August 1944, when she was sent to Chicago as part of the US Cadet Nurse Corps. She relished her new-found freedom and embraced it wholeheartedly.

"It was incredible – the sense that I could walk anywhere I wanted to, and enjoy the flowers, the grass, the trees and hear the birds – it was like being in heaven."

Two older nurses took her under their wing, treated her as an equal.

"I learnt a lot about what it means to feel despised, to be hated, to feel ashamed of who I was [during the internment].

"So to be treated as a responsible, respectful person, I can't tell you the relief and the awe that I felt."

Just over a year later, in September 1945, her parents left the internment camp too.

But, for many, the life they returned to was very different to the one they left behind.

"The best estimate that I have heard is that 75% of people [who] moved, ended up losing their land," says Prof Robinson.

"Everybody lost something and many people lost everything."

For years, many Japanese-Americans stayed silent about what had happened.

"The shame that came from this whole period permeated our people, and nobody talked about it," says Mary.

In the 1980s, the US government issued a report stating that the internment had been "unjust and motivated by racism rather than real military necessity".

President Ronald Reagan took steps to try to redress what had happened, which culminated in 1992 with an apology from President George HW Bush and $20,000 (£12,600) paid out to each surviving member of the camps.

Mary treasures the letter of apology she received from President Bush and only regrets that her parents and her brother died before it came.

"I took that as evidence that – in spite of the things the government did – this is a country that was big enough to say, 'We were wrong, we're sorry.'"

© 2011 BBC News (www.bbc.co.uk)

Tune Group announces new presence in Qatar

Tune Group, the globally-renowned Malaysian-based lifestyle business conglomerate, announced its expansion into the Middle East through the formation of ‘Tune Middle East’.

Tune Middle East is a joint venture between Tune Group – led by its co-founders Tan Sri Tony Fernandes and Dato’ Kamarudin Meranun – and their Qatari partner Mr Mohammed Al Saad.

According to Fernandes, Tune Middle East, headquartered in Qatar will be a platform to roll out Tune brands in GCC and The Middle East and to bring skills, investment and marketing opportunities to the region.

Fernandes said: “Tune Group is extremely pleased to be partnering with Mohammed Al Saad; we have the same vision, enthusiasm and motivation, together with a shared belief in the intrinsic value of building businesses. Tune Middle East will be the nucleus for our expansion in Qatar and the Middle East. With a total population of over 40 million among the Gulf Cooperation Council (GCC) countries alone, the Middle East is a vibrant market for Tune to tap into and we look forward to building our businesses here.”

“There are some really strong synergies that have brought us to this exciting mutual commitment. Both Malaysia and the UK, where the Tune Group has a strong presence, enjoy superb relations with Qatar. Our philosophy of building business and brands aligns well with His Highness The Emir of Qatar’s vision for 2030, while, to use an aviation metaphor, our multifaceted capabilities mean we can deliver a blend of First Class, Business Class and Economy Class solutions in the Middle East, in Europe and in Asia,” he added.

Mr Mohammed Al Saad said: “I am delighted to formally welcome Tune Group to the Middle East and most especially here in Qatar. Tony, Kamarudin and I have been looking at ways to collaborate for some time, not only in the GCC, but further afield in the UK and in Asia. We will ensure that Tune Middle East will be a dynamic entity with a strong, credible reputation in Qatar, the Middle East and on the international stage.”

Fernandes and Meranun are the team behind Asia’s leading and largest low-cost carrier AirAsia. As Group CEO and Deputy Group CEO respectively, they built the once ailing carrier from just 2 aircraft when they acquired it in 2001, to a fleet of over 100 Airbus planes today.

Tune Group was established in 2007 with the aim of breaking down affordability barriers in various aspects of daily life – via Tune Hotels, Tune Talk and Tune Money. Tune Group’s portfolio today also includes the automotive technology company Caterham Group and the English Premier League team Queens Park Rangers (QPR).

© 2011 AMEINFO (www.ameinfo.com)

Morgan Stanley entra no vermelho, mas supera as expectativas

Associated Press

O Morgan Stanley entrou no vermelho no quarto trimestre devido a uma despesa substancial ligada a um acordo judicial, mas a firma teve desempenho melhor que o esperado graças à receita maior com aplicações em ações.

A firma teve outro trimestre turbulento, com prejuízo de US$ 227 milhões, ante lucro de US$ 871 milhões um ano antes. Em termos de lucro por ação, o Morgan divulgou prejuízo de US$ 0,15, ante lucro de US$ 0,41 por ação um ano antes, mas acima da previsão de Wall Street, que era de prejuízo de US$ 0,57 por ação.

O Morgan Stanley continuou apresentando desempenho melhor que a concorrência nas aplicações em ações, onde a receita subiu 18%, para US$ 1,3 bilhão. O ambiente de investimento em Wall Street tem sido terrível desde o início do ano, quando a crise de dívida na Europa e a desaceleração da recuperação da economia mundial começaram a coibir a atividade de seus clientes.

A diretora financeira do Morgan, Ruth Porat, atribuiu o bom desempenho da divisão à liderança da firma e os esforços de se concentrar em “adjacências” entre a divisão e outras áreas, como a corretagem.

“Isso realmente flui para várias áreas do mercado acionário”, disse ela, acrescentando que a firma também trabalhou para ampliar suas operações com derivativos de ações.

Mas o Morgan não ficou imune ao cenário desfavorável no mercado de capitais, com um declínio de 71% frente a um ano atrás na receita de subscrição de ações de seu segmento institucional, devido ao volume menor de operações. O mercado de subscrições de renda fixa também foi fraco e gerou receita 22% menor que um ano antes, num reflexo da queda no volume de emissões de títulos de dívida de alto risco.

Porat disse que a atividade da clientela tem melhorado no primeiro trimestre, mas notou que é “cedo para extrapolar qualquer coisa” a partir das tendências atuais.

O Morgan Stanley voltou a ser afetado pela oscilação no valor de sua dívida e contabilizou desta vez um ganho de US$ 216 milhões no trimestre em relação ao valor da dívida.

A firma informou que a receita total caiu 26%, para US$ 5,71 bilhões. Analistas consultados pela Thomson Reuters esperavam receita de US$ 5,57 bilhões, incluindo a despesa com o processo da seguradora de títulos de dívida MBIA e o ganho relacionado ao seu próprio endividamento.

© 2011 Wall Street Journal (www.wsj.com)

Cisco’s Tailored Approach in Asia

Shares in Cisco Systems Inc. plunged 10% in one day last week after the global technology giant’s fiscal fourth-quarter earnings disappointed analysts. Cisco posted a 79% increase in net profit, but the 28% revenue rise came in short of Wall Street expectations, and Chief Executive John Chambers‘s warning that economic conditions would take longer than expected to return to normal and that customers have shown “an unusual amount of conservatism and caution,” spooked investors. Cisco doesn’t comment on its outlook on the regional level, but in its earnings call with analysts, the company reported revenue growth during the quarter across its markets, including 7% year-to-year growth in Japan, 23% growth in Asia Pacific, and 57% in emerging markets.

Résumé

Education: M.B.A. from NIMBAS/University of Bradford, U.K.

Career: He has more than eight years of executive experience with Cisco, and started in Japan in 2007. Before that he led Cisco’s Strategic Planning & Operations group in Europe, and he had more than 10 years of leadership experience with other Fortune 500 companies prior to joining Cisco.

Extracurricular: “When time permits, I like to play golf, skiing or squash.”

On his business hero: “None particularly. There are many great leaders in both business and governmental roles that I have respect for.”

Prior to the earnings release, Cisco’s Asia Pacific and Japan president, Edzard Overbeek, spoke from the company’s office in Singapore with Miguel Gonzalez Jr. in Hong Kong using the company’s Telepresence videoconference technology. He discussed the reorganization of the group’s operations in the region this year and Cisco’s massive pavilion at the Shanghai Expo. The following interview has been edited:

WSJ: What was behind Cisco’s decision to revamp its Asia-Pacific management structure, splitting off China, Hong Kong and Taiwan into a Greater China unit?

Mr. Overbeek: Once we come to a certain size, we split things and go deep into those opportunities. All the investments in China were generating the return. We also saw that the growth rates in the remaining pieces of Asia-Pacific were very attractive, and needed another focus area. We also concluded that Japan is a major market for Cisco.

WSJ: How does Cisco tailor its approach to different Asian markets?

Mr. Overbeek: Japanese consumers will do videoconferencing on their mobile phones very quickly. If they start to do videoconferencing, that means that the next generation of Twitter and Facebook will all be video-based. That means your data-center strategy will have to change completely, because the video protocol is a very different protocol with much more bandwidth and storage capacity.

In India, the big question is not about adding video services, it’s about connecting the rural areas. How do you do that? How do you give a fair opportunity for 1.3 billion Indian people—not just the people in cities, but the people in rural areas. In India we’re talking about health-care services to rural areas using IP devices. In India we’re talking about education that you can offer for a dollar per student, at a scale using these networks, using video technology.

WSJ: Cisco’s pavilion at the Shanghai Expo is called “Smart + Connected Life.” Can you explain that concept?

Mr. Overbeek: Take the megatrends that we see in this part of the world: 500 million people getting urbanized in the next five to 10 years, massive cities being built. Current cities, if you expanded with the amount of people that would come there, would have some pretty serious problems to manage. Many large governments, including India, Indonesia, Brazil or Mexico or China, make cities more services-friendly for citizens and businesses, and they build new cities.

|

WSJ: What kinds of services will be important?

Mr. Overbeek: Those services could be transportation services on an IP-based grid. They could be public safety and security on a camera grid. They could monitor [emergency] services, where you don’t have disconnects between fire trucks, police trucks and ambulances. You could do e-health-care services, where you have connected IP devices measuring your blood pressure, your heart rhythm, all of those diagnostics that you could see as a service in these cities.

You also have the business-to-business environment. You could start to see a list of services which very few companies have yet think about.

WSJ: What sort of products are you talking about?

Mr. Overbeek: What we’re doing here today [using Cisco's Telepresence technology] is a near-life experience. Within Cisco we have 780, close to 800 Telepresence units. You can type in keywords and you can compile all of those videos, a compilation of a certain topic. What if we were to have a customer in this meeting, and that customer has a question, and I would not have the expertise. You now go to your IP phone, you search the general knowledge, you push the button and the video starts to play, with an expert informing you about your specific question. That kind of information now becomes knowledge of your company. You can start to distribute that. So rather than the traditional way of using people to train and deliver that message, you now use video to deliver that message.

WSJ: How would this work, for example for the financial services industry?

Mr. Overbeek: Let’s take the retail bank of the future. They’re moving from a face-to-face interface to a hybrid of face-to-face and online. They’re moving from aging populations into hypergrowth populations. You can address that with a traditional model, or you can start to use technologies we’re using today: virtual agents. You’ll have those virtual agents on your desktop, on your iPhone, iPad, what have you, and you can have those services [online]. The moment you make it more personalized, you go to a retail office and you have a conversation, which is something that people still like because it’s the nature of how they communicate.

© 2011 Wall Street Journal (www.wsj.com)

Religion under threat, says Warsi

Britain is under threat from a rising tide of "militant secularisation", a Cabinet minister has warned.

Conservative Party co-chairman Baroness Warsi will argue during an official visit to the Vatican that religion must be given a greater role in public life.

She warns in the Daily Telegraph that religion is being sidelined and will highlight the issue in a speech later.

Her visit marks the 30th anniversary of the re-establishment of full diplomatic ties between Britain and the Vatican.

The Tory peer will use her speech – the first to the Pontifical Ecclesiastical Academy by an outside minister – to call for Europe to become more "confident in its Christianity".

"In order to encourage social harmony, people need to feel stronger in their religious identities, more confident in their beliefs," she is due to say.

"In practice this means individuals not diluting their faiths and nations not denying their religious heritages.

"If you take this thought to its conclusion then the idea you're left with is this: Europe needs to become more confident in its Christianity."

Baroness Warsi said examples of a "militant secularisation" taking hold of society included when signs of religion cannot be displayed or worn in government buildings, and when states will not fund faith schools.

Her comments come days after the High Court ruled that a Devon town council acted unlawfully by allowing prayers to be said at meetings.

And – as the BBC's religious affairs correspondent Robert Piggot reports – the Church of England could soon lose its traditional role as the provider of the chief chaplain to the Prison Service.

The Ministry of Justice has confirmed it is "considering arrangements" for appointing a new Chaplain-General – but the job might not go to an Anglican.

Our correspondent says the move may be seen by some Anglicans as the latest sign of the reduced influence of the "established" Church of England in public affairs.

The speech by Lady Warsi, Britain's first female Muslim Cabinet minister, will also compare the intolerance of religion with totalitarian regimes.

BBC political correspondent Louise Stewart said it was not the first time a senior Conservative had called for a revival of traditional Christian values.

"Last December, Prime Minister David Cameron said the UK was a Christian country and 'should not be afraid to say so'," she said.

Lady Warsi's two-day delegation of seven British ministers to the Holy See will include an audience with Pope Benedict XVI, who visited the UK in 2010.

Meanwhile, new research suggests Britons who declare themselves Christian display low levels of belief and practice.

Almost three quarters of the 1,136 people polled by Ipsos Mori agreed that religion should not influence public policy, and 92% agreed the law should apply to everyone equally, regardless of their personal beliefs.

It also found that 61% of Christians agreed homosexuals should have the same legal rights in all aspects of their lives as heterosexuals.

And a further 62% were in favour of a woman's right to have an abortion within the legal time limit.

The survey was conducted for the Richard Dawkins Foundation for Reason and Science, which publicises and supports secular charitable organisations.

© 2011 BBC News (www.bbc.co.uk)

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