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Filed Under : debt out of by admin
Jan.28,2012NYSE Euronext, awaiting a final decision from the European Union on its merger with Deutsche Boerse AG, has other acquisition opportunities, Chief Executive Officers Duncan Niederauer said today.
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Filed Under : debt elimination by admin Dec.19,2011Washington, DC, United States (AHN) – President Barack Obama on Saturday called on Congress to pass the payroll tax cut for a full year after applauding the Senate for passing a two-month extension of the bill. He refrained, however, from commenting on the Republican demand in the bill requiring him to decide whether to move forward with a controversial oil pipeline project.
“While this agreement is for two months, it is my expectation — in fact it would be inexcusable for Congress not to further extend this middle-class tax cut for the rest of the year,” said Obama. “It should be a formality. And hopefully it’s done with as little drama as possible when they get back in January.”
Wearing a navy suit and a navy striped tie, the President took no questions after making his three-minute statement in which he said, “I’m glad that both parties in Congress came together, and I want to thank them for ensuring that as we head into the holidays, folks at home don’t have to worry about their taxes going up.”
Addressing a hurriedly-called gathering in the James S. Brady press briefing room, Obama called on Congress to get “this done when they get back on Monday.”
Stressing that he would like the extension to go for the full year of 2012, he said, “And hopefully we’re going to be able to make sure that when everybody gets back next year we extend this further all the way to the end of the year.”
Obama, however, did not go into details of the agreement the Republicans struck with Democrats, slipping in a requirement for the president to make a decision within 60 days on the Keystone oil sands pipeline, a 1,700-mile pipe that could carry crude oil from Canada through the central United States to the U.S. Gulf coast.
The president took the opportunity to make a statement after the Senate voted to extend the payroll tax cut by two months. Now the measure awaits a House vote where a tug-of-war is expected, according to political pundits.
Earlier on Saturday the Senate voted 67-32 to pass a compromise spending bill to keep the government funded for the rest of the fiscal year, which ended Sept. 30. The $1 trillion spending plan cleared the House on Friday and was on its way to President Obama to sign.
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Filed Under : debt settlement by admin Oct.2,2011Hong Kong, Hong Kong (AHN) – The Hong Kong High Court, in a landmark decision Friday, gave a Filipina domestic helper the okay to apply for residency. The ruling is the result of a lawsuit filed by Evangeline Banao Vallejos, who has been working as a maid in the Crown Colony since 1986.
The decision could pave the way for more than 100,000 other Filipino domestic workers to seek the same privilege.
Judge Johnson Lam, who issued the decision, said the policy is not consistent with Hong Kong’s Basic Law
The Hong Kong government said it would appeal the decision. It said the government will respect the decision, but was disappointed by it.
Hong Kong Secretary for Security Ambrose Lee said the government would not process or approve right-of-abode applications for domestic workers while the case is on appeal.
Other foreign nationals are allowed to apply for residency in Hong Kong after seven years of working, but foreign domestic helpers are excluded. Human rights group said the exclusion is a form of discrimination.
The limit is based on fears that allowing thousands of foreign maids to become residents would strain the government’s health care, education and public housing budgets.
The fear has basis since the migrant experience of Filipinos in other countries shows that workers later bring their spouses and children, who require education, housing and social services.
There are about 300,000 foreign domestic helpers in Hong Kong, with the bulk from the Philippines and Indonesia. About 120,000 of them have been in the territory for seven years and would qualify for residency under the court decision.
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Tags : AHN, Allows, Ambrose Lee, Apply, court, decision, domestic, domestic helpers, Evangeline Banao, Filipina, Filipino, Government, health care education, Hong, Hong Kong, hong kong government, human rights group, Indonesia, Judge Johnson Lam, Kong, landmark decision, Philippines, residency, Workers
Washington, DC, United States (AHN) – Rep. David Wu (D-OR) announced Tuesday that he will resign from Congress after allegations he had made unwelcome sexual advances on a young woman.
Wu said his resignation will be effective when the debt ceiling crisis is resolved. Officials in his liberal Portland district are planning a special election to replace him.
The recently divorced Wu has said that he had consensual sex with a young woman three weeks after Election Day. The woman was a teenager who had recently graduated from high school and she was a friend of his daughter.
Wu also disclosed that he had had some mental health issues. He stated that he was resigning to focus on his children.
When the charges first surfaced, Wu said he would not seek re-election. However, congressional leaders called for an ethics investigation, prompting his decision to resign.
Wu issued a four-paragraph statement explaining his decision:
“It has been the greatest privilege of my life to be a United States Congressman. Rare is the nation in which an immigrant child can become a national political figure. I thank God and my parents for the privilege of being an American.
“Now, however, the time has come to hand on the privilege of high office. I cannot care for my family the way I wish while serving in Congress and fighting these very serious allegations.
“The wellbeing of my children must come before anything else. With great sadness, I therefore intend to resign effective upon the resolution of the debt-ceiling crisis. This is the right decision for my family, the institution of the House, and my colleagues.
“It is also the only correct decision to avoid any distraction from the important work at hand in Washington. I intend to go forward with new resolve and love of family, the State of Oregon, and our nation.”
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St. Louis, MO, United States (AHN Sports) – The NFL finally won – at least for now.
By a 2-1 decision, the Eighth Circuit Court of Appeals in St. Louis granted the league’s request for the temporary stay, effectively reinstalling the lockout, at least for a few days.
The decision was rendered just hours after owners were forced to allow players to return to club facilities for workouts and meetings with coaches.
The stay will be in effect until the judges have time to decide on a request for a full stay.
That would keep the lockout in place while an appeal of the injunction players won last week that reopened the league works its way through court. That could take at least a month.
The temporary stay does not ensure that the owners will get a full stay, but it provided the team with a small victory, at least for now.
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It’s that time of year when many high school students receive their college acceptance letters and their financial aid packages.
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Many high school seniors are about to make the biggest decision of their young lives: where to attend college. But even for the most math-savvy students, the bottom line on financial aid may not add up.
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The decision to set aside the prospecting right of Genorah Resources, a shareholder in Nkwe Platinum, is disturbing news for the complex world of minerals legislation.
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Tags : court, decision, disturbing news, finance, Genorah, Legislation, minerals, mining, mires, Platinum, Right, ruling, shareholder, tape
Gold hit another record around $1 394/oz before speculators cashed in, but an unpopular decision by the Federal Reserve could still spur buying.
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Washington, D.C., United States (AHN) – The decision by the United States Federal Reserve to pump $600 billion into the nation’s economy by buying U.S. Treasury Bonds has sparked international criticism led by Germany and China.
China and Germany represent the world’s second- and fourth-largest economies respectively. In addition, they were joined by Brazil and South Africa in criticizing the “quantitative easing.” Quantitative easing is the economic term for buying assets to attempt to boost the economy and lower unemployment.
However, Germany, China, Brazil and South Africa allege that the scheme will not help the U.S. economy and will instead create more problems in the rest of the world. Quantitative easing is expected to lower the value of the dollar, which will make U.S. exports cheaper in world markets.
That means that U.S. exports would be more competitive against German and Chinese exports.
Indeed, the dollar did plunge in value against several of the world’s currencies on Thursday.
Germany’s Finance Minister Wolfgang Schaeuble on Friday said the U.S. Federal Reserve’s move would undermine efforts to create a level playing field in the currency markets.
China Central Bank chief Zhou Xiaochuan said the U.S. should focus on reforming the international currency system. He argued that if the U.S. central banking policy is good for the U.S., but not good for the rest of the world that it might have a negative impact on the rest of the world.
The U.S. has criticized China for artificially keeping its currency devalued for many years to make its exports cheaper. But China made that move when its country had full employment and a budget surplus. The U.S. central bank is not buying U.S. Treasury bonds to deflate the value of the dollar abroad but rather to try to pour money into the American economy – which currently has a budget deficit – and to stimulate the weak economy to encourage American businesses to hire unemployed American workers at a time of continued high unemployment.
Germany also criticized the move because they said it would add to America’s deficit.
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Tags : $600, AHN, America, Billion, Bonds, Brazil, central bank chief, China, Criticism, D.C., decision, Economy, Federal, Germany, International, Lead, Minister Wolfgang Schaeuble, Reserve, South Africa, u s treasury, u s treasury bonds, U.S., U.S. Federal, United States, united states federal reserve, Washington, wolfgang schaeuble, World, zhou xiaochuan
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