Keeping the financial regulators on their toes

When members of Congress need factual information and insights into the effectiveness of the financial laws put in place after the 2008 economic crisis, they regularly turn to the Government Accountability Office (GAO) and Orice Williams Brown.

Initially as director and now as managing director of the GAO’s financial markets and community investment section, Brown and her staff have issued dozens of reports examining the flaws and offering recommendations to improve the $700 billion Troubled Asset Relief Program (TARP) bailout fund, the Wall Street regulatory reform law and the initiatives to prevent housing foreclosures.

Read More..

Football: Redknapp's QPR debut yields point

LONDON: Harry Redknapp's first match as Queens Park Rangers manager saw the Premier League basement club collect a point in a goalless draw away to Sunderland on Tuesday.

It was QPR's first point since they drew 1-1 with Reading on November 4 but the result meant the west London club, who last week sacked Mark Hughes as their manager, remained bottom of the table.

But in the day's other top-flight match Aston Villa moved out of the bottom three after Christian Benteke's goal 10 minutes from time secured a 1-0 win at home to fellow strugglers Reading.

Victory moved Villa two points clear of the relegation zone, with QPR eight from safety.

"We worked hard and we deserved a point tonight," said Redknapp, whom QPR's Malaysian owner Tony Fernandes hopes can repeat the rescue missions that helped both Portsmouth and Tottenham stay in the Premier League after poor starts to top-flight campaigns.

"We defended well and denied them chances," Redknapp, also told Sky Sports. "I feel more optimistic tonight than on Saturday (when QPR lost 3-1 to Manchester United).

"I saw enough tonight to think we can go on a small run and keep ourselves in the pack," the veteran English manager insisted.

Sunderland manager Martin O'Neill was left with a feeling of "frustration," saying: "I was hoping we would win the game.

"I know QPR will be buoyed by Harry Redknapp's appointment but I thought we could create enough to win. There were chances at both ends but it was a frustrating evening."

Meanwhile under-pressure Villa manager Paul Lambert, who for the second match in a row didn't even have club record signing Darren Bent on the bench, let alone in the starting line-up, was delighted with Benteke's 80th minute header that secured a valuable win at Villa Park.

"Benteke's done fantastic for me. He was up against a big lad. It was a fantastic header."

Lambert added: "Darren Bent just has to play well and train well. He has a future, everybody has.

"Nothing against anybody in the club, but I've got 25 lads to look after. Bent and Benteke can play together -- they did against Southampton.

"I've got to pick a team I think will win."

Tuesday's matches saw the Premier League welcome its 250 millionth fan through the turnstiles, over 20 years after the League launched on August 15, 1992.

Attendances at the Stadium of the Light (36,513) and Villa Park (28,692) pushed the figure beyond the 250 million barrier.

-AFP/ac

Read More..

IIT-Kanpur flushes rail bio-toilet plan

CHENNAI: Scientists of IIT-Kanpur have thrown the kitchen sink at a high-tech solution to a messy problem: How to keep the world's largest railway network clean and prevent corrosion of lines when train toilets unload waste directly on the tracks.

Bio-toilets developed by the Indian Railways and Defence Research and Development Organization have earned praise from Prime Minister Manmohan Singh, but IIT scientists say they are neither environment-friendly nor suitable for trains.

But Indian Railways, which has for several years been searching for a way to prevent spreading human excreta across the countryside and stop track corrosion, which costs it350 crore a year, is betting on the bio-toilets.

Officials say they tested the system extensively and, since January 2011, installed 436 bio-toilets on eight trains. The railways plans to install bio-toilets in all new coaches at a cost of 500 crore.

The bio-toilet uses 'cold-active' bacteria collected from Antarctica and other low temperature areas to treat waste, turning it into water and gas that are disinfected before being expelled from the train.

IIT-Kanpur studied the toilets when they were put on trial three years ago. "There is no magic bacteria that can treat waste fast enough for use in a train toilet," said Vinod Tare, professor, environmental engineering and management, IIT-Kanpur.

IIT-Kanpur and the Research Design and Standards Organisation developed a zero discharge toilet that the railways tried but rejected.

"Such toilets are suitable for houses not for trains because a large number of people will need to use them in a short span of time."

Tare said the whole project was based on misinformation. "With every flush untreated waste is expelled through different levels and finally on the tracks," he said.

But railways officials insist that they have fixed the problems with the system. "We have eliminated the drawbacks that IIT-Kanpur pointed out," Railway Board executive director (mechanical engineering) Shailendra Singh said. |

"We are using stronger bacteria and garbage tossed into the commode will not affect the functioning of the toilet."

A mild swipe of the bacteria on the sides of the toilet box is enough to clean the toilet once, but the railways will load several kilograms of the bacteria in each toilet box.

"The toilets will save a lot of money because they will reduce corrosion of railway tracks and the undercarriage of coaches need not need to be replaced often," said a senior official with Southern Railway, which operates the Chennai-Guwahati Express, which uses bio-toilets.

"We found more than 5 kg of gutka sachets when a box was opened during an overhaul," he said. "The garbage did not affect the bacteria and there was no odour."

The technology is effective, official said, but passengers will have to cooperate with the railways and display discipline akin to that expected of aircraft passengers. A page on bio-toilets posted on Indian Railways' website says passengers are expected not to use the toilet pan as a garbage bin.

Read More..

Pictures: Falcon Massacre Uncovered in India

Photograph courtesy Conservation India

A young boy can sell bundles of fresh Amur falcons (pictured) for less than five dollars. Still, when multiplied by the thousands of falcons hunters can catch in a day, the practice can be a considerable financial boon to these groups.

Since discovering the extent of Amur hunting in Nagaland this fall, Conservation India has taken the issue to the local Indian authorities.

"They have taken it very well. They've not been defensive," Sreenivasan said.

"You're not dealing with national property, you're dealing with international property, which helped us put pressure on [them]." (Related: "Asia's Wildlife Trade.")

According to Conservation India, the same day the group filed their report with the government, a fresh order banning Amur hunting was issued. Local officials also began meeting with village leaders, seizing traps and confiscating birds. The national government has also requested an end to the hunting.

Much remains to be done, but because the hunt is so regional, Sreenivasan hopes it can eventually be contained and stamped out. Authorities there, he said, are planning a more thorough investigation next year, with officials observing, patrolling, and enforcing the law.

"This is part of India where there is some amount of acceptance on traditional bush hunting," he added. "But at some point, you draw the line."

(Related: "Bush-Meat Ban Would Devastate Africa's Animals, Poor?")

Published November 27, 2012

Read More..

Egypt Erupts Over Morsi's 'First Step for Tyranny'

Nov 27, 2012 1:33pm

Khalil Hamra/AP Photo

CAIRO – Waves of protesters poured into Cairo’s Tahrir Square today to protest the far-reaching constitutional declaration made by President Mohammed Morsi last week that has essentially granted him unchecked power.

Click here for images of the demonstrations in Tahrir Square.

The new declaration frees Morsi from judicial oversight and with no parliament currently in place, many said longtime dictator Hosni Mubarak had simply been substituted with another.

“This is the first step for tyranny, he’s trying to put all the power in his hands and this is against the constitution and the law,” said Hassan Gamal, a professor of orthopaedic surgery. “No exceptions for anybody. Mubarak was tyrant because of the exceptions. We’re not going to tolerate any exceptions anymore.”

Liberal groups had called for the mass protest against Morsi, many of which have long complained of Islamists’ strength in post-Mubarak Egypt, led by Morsi and the Muslim Brotherhood. Protesters today said they were afraid of the constitution being written by an Islamist-dominated constitutional assembly, which will be put to a referendum once finished.

“The Muslim Brotherhood, they say something and then do the opposite,” said English teacher Nadine Mustafa. “We are in the 21st century, we want democracy, we don’t want a pharaoh ruining the country. This is ridiculous.”

Morsi’s office published the seven-article declaration on Thursday, the second of which states that Morsi’s laws and decrees “are final and binding and cannot be appealed by any way or to any entity” until the constitution is approved and a parliament elected.

Violence immediately broke out with clashes between Morsi opponents, supporters and police leading to more than 500 injuries and at least three deaths. To prevent more violence, the Muslim Brotherhood on Monday night cancelled their own rallies planned for today, though supporters did turn out in Alexandria.

“He’s a president that was elected to office with no constitution, no parliament and no defined powers in the state. It’s an exceptional circumstance,” argued Muslim Brotherhood senior adviser Jihad Haddad, who accused Mubarak-appointed judges of blocking Morsi’s attempts to reform the country’s institutions.

Morsi’s office insisted that the powers are only temporary. Haddad said the declaration will only be valid until a draft of the constitution is submitted.

“[Morsi] tried to do this through the only available avenue and choice,” Haddad said. “It does terrify [Morsi opponents] because the only thing they can rely on is trust and that trust was given to us during the presidential elections.”

SHOWS: World News

Read More..

FAA nominee in the clear after DeMint lifts objection

Sen. Jim DeMint is lifting his hold on an FAA nominee.
(Jonathan Ernst - Reuters)
After a deep freeze, it looks like things might be moving again in the Senate: Sen. Jim De Mint is no longer blocking the nomination of Michael Huerta to be Federal Aviation Administration administrator.

The South Carolina Republican had put a hold on Huerta last summer, reasoning that Republicans shouldn’t appoint anyone to the five-year position before the outcome of the presidential election was known. If GOP candidate Mitt Romney had won, Huerta could have served through his first term. But now that President Obama has been reelected, DeMint has withdrawn the nominee’s roadblock.

Huerta has served as the acting chief at FAA since the former agency head, Randy Babbitt, resigned following a drunken-driving arrest. The charges were later dropped against Babbitt.

Huerta’s nomination was approved by a Senate committee in July, and Senate Majority Leader Harry Reid now hopes to add the nomination to a package that could clear the full Senate sometime before the end of the session, a spokesman says.

Read More..

Football: Napoli close on Juve, Inter stumble

ROME: Napoli climbed to second in Serie A, two points behind Juventus, by defeating Cagliari 1-0 on Monday. The win moved them ahead of Inter Milan who lost 0-1 at Parma in a later game.

As Juventus had lost 0-1 to city rivals AC Milan on Sunday, a win for Inter would have moved them to within one point of the Turin side, but in Parma they were up against a side unbeaten at home in eight months.

Both teams had their chances in a tight first half with Fredy Guarin coming closest for the visitors, while a deflected Marco Marchionni cross was well saved by Samir Handanovic early on.

Inter came closest to taking the lead after 62 minutes when Guarin sent in a tremendous pile-driver of a shot from almost 30 metres out that was parried over the bar by Antonio Miranti.

Japanese winger Yuto Nagatoma was proving a handful for the Parma defence down the right and Argentine striker Diego Milito had an opening after 72 minutes but failed to get any power on his shot and it was easily saved by Handanovic.

Two minutes later, the visitors paid the price as Parma opened the scoring.

Nicola Sansone picked up the ball wide left near the halfway line and drove through the Inter defence to fire in a low right-footer that Handanovic got a hand to but could not keep out of his bottom right corner.

Inter powered forward in search of an equaliser, but it was Parma who nearly scored a second with a tremendous header from Yohan Benalouane on a free-kick from Jaime Valdes, but Handanovic reacted quickly to nudge it over the bar.

In the night's other game, a Marek Hamsik's strike after 73 minutes was enough to give Napoli a 1-0 win at Cagliari, taking them past Fiorentina and Inter into third place, two points behind Juventus.

- AFP/fa

Read More..

Ex-NSG commando Surender Singh holds forth on 26/11 symbolism

NEW DELHI: Anti-graft crusader Arvind Kejriwal was not the only one to tug at the hearts of people gathered at his party launch on Monday. There was a soldier, who seemed to exemplify the popular slogan 'Jai Jawan Jai Kisan.' Ex-NSG commando Surender Singh made his public speaking debut at the gathering, but narrated his plight in an articulate manner.

Born in a poor farmer's family in Haryana's Chhara, Singh had seen action in the Kargil war in 1999, was a part of the United Nations Peace Mission to Congo and was later posted in strife-torn Jammu and Kashmir's Bandipore. He was also one of the 26/11 heroes, having gunned down two terrorists during the Mumbai carnage.

In spite of his rustic Haryanvi accent, Surender, who is left hearing impaired after a hand grenade explosion during the attack, said, "While the jawans are sacrificing so much, the funds meant for them are being spent on parties in five-star hotels."

He also drew people's attention to the symbolism of '26/11.' Surender cited that on the same day in 1949 the Indian constitution was unveiled, but ironically the nation faced a terrorist attack in Mumbai on the same date in 2008. "Today is also 26/11. It's a very important date and is symbolic of India's journey. I am glad that the AAP is being launched on this date," he said.

Surender, who along with former India Against Corruption activists, had earlier charged the government of not honoring him and non-payment of pension. On Monday, Surender retorted, "I have not received a single penny. Whatever is in my account is from my insurance and an amount of Rs 2 lakh that I had got earlier. Information and broadcasting minister Manish Tewari's tweet that I have been paid is completely false," added Surender.

On being asked that he was being considered least experienced in politics, he said, "Indeed I don't have experience of corruption and crime record politicians have and I don't even wish to have such experiences."

Read More..

Space Pictures This Week: Space "Horse," Mars Rover, More

• 
  
  
  
  
  
  
  

  High Horse

  Photograph by Greg Parker, Your Shot
  

  The Horsehead Nebula rears its pretty head in a November 17 photograph submitted to National Geographic's Your Shot photo community.

  Taken from the New Forest Observatory in the United Kingdom, the image shows how the nebula's horse head is part of a larger cloud of dust. Situated about 1,500 light-years away, the Horsehead Nebula is visible only because its obscuring dust is silhouetted against another, brighter nebula, according to NASA.

  (See "'Soccer Ball' Nebula Discovered by Amateur Astronomer.")

  Published November 26, 2012

  
  











• 
  
  
  
  
  
  
  
  











• 
  
  
  
  
  
  
  

  Green Lit

  Photograph by Jeremy La Zelle, My Shot
  

  Green curtains of aurora stretch over the sky in the Alaska Arctic in a picture submitted to National Geographic's My Shot on November 17.

  "The constantly changing kaleidoscope of colors are reminiscent of a fireworks display—but without sound," photographer Jeremy La Zelle wrote with his submission.

  "All we hear is the quiet peaceful sounds of a freezing Alaska night."

  (See "Aurora Pictures: Best Fall Photos of Northern Lights.")

  Published November 26, 2012

  
  











• 
  
  
  
  
  
  
  

  Martian Vista

  Image courtesy Caltech/NASA
  

  NASA's Curiosity rover snapped this picture after moving 83 feet (25 meters) eastward on November 18—the 102nd Martian day, or sol, of its mission to study whether life once existed on Mars.

  The view shows Yellowknife Bay, part of the Glenelg area of the Gale Crater, which is located near the base of a three-mile-high (five-kilometer-high) mountain rich with layered sediment deposits laid down over hundreds of millions of years.

  (Read more about the Gale Crater.)

  Published November 26, 2012

  
  











• 
  
  
  
  
  
  
  

  Gilded Mountains

  Image courtesy ESA

  The sands of the Sahara appear like golden brush strokes around the Tibesti Mountains in a March 2012 satellite image recently released by the European Space Agency.

  Located in Chad and Libya, the mountains' highest peak is Emi Koussi-pictured above as a circular structure in the lower-right portion of the dark area.

  Lava flows can be seen extending from the westernmost volcano, Toussidé.

  (See volcano pictures.)

  Published November 26, 2012

  
  











• 
  
  
  
  
  
  
  

  Photograph by Quang Nguyen Luong and F. Motte, Herschel SPIRE/ESA

  Published November 26, 2012

  
  

');

---

 $'+ doc.ngstore_price_t +'';
html += ' $'+ doc.ngstore_saleprice_t +'';
} else {
html += ' $'+ doc.ngstore_price_t +'';
}
html += '

';

$("#ecom_43331 ul.ecommerce_all_img").append(html);




o.totItems++;

}// end for loop
} // end if data.response.numFound != 0

if(o.totItems != o.maxItems){
if(o.defaultItems.length > 0){
o.getItemByID(o.defaultItems.shift());
} else if(o.isSearchPage && !o.searchComplete){
o.doSearchPage();
} else if(!o.searchComplete) {
o.byID = false;
o.doSearch();
}
}// end if
}// end parseResults function

o.trim = function(str) {
return str.replace(/^\s\s*/, '').replace(/\s\s*$/, '');
}

o.doSearchPage = function(){
o.byID = false;

var tempSearch = window.location.search;
var searchTerms ="default";
var temp;

if( tempSearch.substr(0,7) == "?search"){
temp = tempSearch.substr(7).split("&");
searchTerms = temp[0];
} else {
temp = tempSearch.split("&");
for(var j=0;j 0){
o.getItemByID(o.defaultItems.shift());
} else if(o.isSearchPage){
o.doSearchPage();
} else {
o.doSearch();
}

}// end init function

}// end ecommerce object

var store_43331 = new ecommerce_43331();





store_43331.init();

Read More..

Mom Fears Dad in Boy's Disappearance

The mother of 13-year-old boy Dylan Redwine, who disappeared a week ago during a court ordered visit to his father, fears that the dad may have done something to "remove Dylan from the situation."

Dylan Redwine was last seen at the home of his father, Mark Redwine, when he vanished seven days ago.

"I was married to Mark for a lot of years, and I know the way he reacts to things," Elaine Redwine told ABC News. "If Dylan maybe did or said something that wasn't what Mark wanted to hear, I'm just afraid of how Mark would have reacted."

Elaine and Mark were divorced and live about five hours away from each other, ABC News affiliate KMGH reports. Dylan was staying at his father's home because of a court order granting his father visitation rights for Thanksgiving.

Elaine Redwine told ABC News she believes her ex-husband was upset that she was the court-mandated primary custodian of their son.

"I don't think Mark treats him very well," Elaine Redwine said. "I would not put it past Mark to have done something to remove Dylan from the situation. You know, like 'if I can't have him, nobody will.'"

Dylan had been with his dad in Vallecito, Colo., for just one day before he went missing. Mark Redwine told police that his son was in his home when he left to run some errands at 7:30 a.m. When he returned four hours later, the boy was missing.

Minnesota Man Allegedly Shot and Killed Teens During Break-In Watch Video

FBI's Most Wanted Fugitive Could Be Hiding Among Mormons Watch Video

California Drunken Driving Case: Woman Drove With Dying Man on Car Watch Video

Elaine Redwine told ABC News she was having a difficult time getting in touch with her ex-husband about their son.

"He hasn't had any contact with us. [My older son] tried to get a hold of him by texting him, and he wouldn't respond," she said. "I just find it odd that at a time like this, he would be so evasive."

Mark Redwine declined to speak to ABC News.

Police say they are considering a number of possibilities, including abduction and the possibility that Dylan ran away.

"Foul play is definitely something we are looking at, but we're hoping it's a runaway case and that Dylan will show up and will be fine," La Plata Sheriff's Office spokesman Dan Bender said. "Because we don't have any clues that point in any particular direction, we have to consider every possibility."

Dylan's mother and older brother both insist Dylan wouldn't run away without contacting them, or if he did run away from his dad's home, he would have gone to them.

"When he was afraid in any situation, he knew he could call me and I would drop everything and go out there, first thing," Dylan's brother, Cory Redwine, 21, told ABC News. "He knew that me, my mom, my step-dad, any of us, if he called us and said, 'I need your help,' he knew we'd be there."

Hundreds of people have turned up to help search for Dylan, but so far police say they are no closer to finding him.

"We had people in the air, on horseback, on ATVs, search dogs, and we got no clues from any of that," Bender said.

Dive teams are searching nearby Vallecito Lake using a high-powered sonar gun, after searches this weekend revealed nothing, according to KMGH. Search teams are also combing the shoreline around the lake.

Elaine Redwine told ABC News she thinks somebody must know something, and she hopes they come forward.

"Vallecito is a small community. If anybody has seen anything or knows anything, no matter how big or small it seems, please tell us," Redwine said. "Everything right now is crucial to bringing my little boy home."

Redwine is described as 5 feet tall, 105 pounds, blond hair, blue eyes and fair complexion. He was last seen wearing a black Nike shirt, black basketball nylon shorts, black Jordan tennis shoes and a two-tone blue and white Duke Blue Devils baseball hat.

Read More..