Tuesday, January 31, 2012

Experts: US ill-prepared for oil spill off Cuba (AP)

MIAMI ? The U.S. is not ready to handle an oil spill if drilling off the Cuban coast should go awry but can be better prepared with monitoring systems and other basic steps, experts told government officials Monday.

The comments at a congressional subcommittee hearing in the Miami Beach suburb of Sunny Isles come more than a week after a huge oil rig leased by Spanish energy giant Repsol YPF arrived in Cuban waters to begin drilling a deep water exploratory well.

Similar development is expected off the Bahamas next year, but decades of tense relations between the U.S. and Cuba makes cooperation in protecting the Florida Straits particularly tricky. With memories of the Deepwater Horizon spill in the Gulf of Mexico still fresh, state and federal officials fear even the perception of any oil flowing toward Florida beaches could devastate an economy that claims about $57 billion from tourism.

Florida International University Professor John Proni told officials to be proactive. He is leading a consortium of researchers on U.S. readiness to handle any spill.

"For the last few years, my colleagues and I have been visiting Washington to say the best time to start preparing for an oil spill is before it happens," Proni told leaders of the House Transportation and Infrastructure Committee, in a hotel-turned-hearing room overlooking turquoise waters. Proni said he has seen little action from officials in Washington, though they responded positively.

U.S. officials have turned attention to preventing future spills since the Deepwater Horizon rig leased by the energy company BP exploded in April 2010, causing the well to blow out and unleashing millions of gallons of oil in the Gulf of Mexico. Crude washed up on pristine shoreline, soiled wildlife and left a region dependent on tourist dollars scrambling to rebuild its image.

Coast Guard officials said Monday they didn't know if drilling off Cuba had begun.

Experts testified current estimates have surface oil ? in event of any spill off Cuba ? moving up to 3 mph due to the Gulfstream, but that the fast-moving current would make it difficult for any crude quickly crossing the Florida Straits.

Rear Adm. William Baumgartner, commander of the Coast Guard region that covers the Florida Straits, said a likely scenario would have oil spreading and reaching U.S. waters in six to 10 days.

Proni said he wants a system that can monitor changes in underwater sounds to immediately alert U.S. officials to a spill or other unusual activity. He also wants the U.S. to invest in developing better computer models to predict oil movement and to assess the existing ecosystem and the type of oil Cuba possesses. That way, experts can better pinpoint any possible damage and find out if it came from Cuban wells.

Proni said the fast-moving water would make it difficult to burn the oil or strain it, as was done to halt the spread of the Deepwater Horizon spill. He added that more research is needed on the risks of using chemicals that break down the oil into tiny droplets.

Baumgartner said his agency has been working on a response plan. The Coast Guard and private response teams have been granted the required visas under the U.S. embargo to work with the Cuban government and its partners should a problem arise. Since March 2011, the agency has been working with Repsol, and U.S. officials inspected the rig earlier this month.

The rig was given a good bill of health. Asked Monday about the rig's readiness, though, the U.S. Department of Interior's regional director for the Bureau of Safety and Environmental Enforcement Lars Herbst said inspectors found some minor problems with the safety systems that would have kept it from being allowed to drill in U.S. waters. He said it was unclear whether repairs had been made.

Jackie Savitz a senior scientist with the nonprofit Oceana, who attended the hearing, said she was glad lawmakers were so concerned but hoped they would express similar interest in offshore drilling in areas such as the Gulf of Mexico, where many rigs are already drilling for oil.

U.S. Rep. Mario Diaz-Balart, one of three South Florida Cuban-American lawmakers who attended the hearing, said the concerns over Cuba's oil exploration were particularly pressing because of the political context and hopes the Obama administration would quickly respond to the consortium's concerns. But he agreed Proni's proposals could be applied to the Gulf of Mexico too.

Meanwhile, U.S. Rep. Ileana Ros-Lehtinen, has authored a bill that would sanction those who help Cuba develop its oil reserves.

"We can't stop Repsol from drilling now, but we can act to deter future leaders to avoid the Castro brothers becoming the oil tycoons of the Caribbean," she told the committee.

Fellow South Floridian U.S. Rep. David Rivera wants to expand the 1990 Oil Pollution Act to fully cover companies operating in foreign waters, in the event oil reaches U.S. territory to ensure they repay the U.S. government for any cleanup costs for spills.

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/ap/20120131/ap_on_re_us/us_cuba_oil_drilling

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International Development - Finance Volunteer Head Office

Introduction

Save the Children?s Finance team provides a full centralised finance function to the organisation as a whole. This includes financial accounting, management accounting and treasury management. This allows Save the Children to be accountable to its stakeholders for money received and spent, as the charity seeks to make real and lasting change in children?s lives.

Why volunteer with Save the Children in our Finance Team?
Through volunteering with the Finance team at Save the Children you will be given the support, training and a chance to develop your skills working in the head office finance team of a leading international development agency.

The role in brief
We plan to match your responsibilities to develop your skills and experience, but it may include:
? Dealing with the post, filing, mail-outs, Remittance Advices
? Processing invoices onto our accounting system
? Following up queries; statement reconciliations
? Data integrity work
? Word and Excel spreadsheet work
? Work flow recording, Tracking payments & payroll administration
? Ad hoc duties, Standing Orders, Direct Debits, audit-related queries

Your background
If you are working towards a financial qualification or a finance / business graduate we would be keen to hear from you. Alternatively you could be looking to move to the non-profit sector from the commercial sector.
Hours: We are flexible around your availability, but we envisage it will be for one or more days a week. This may last for a couple of weeks or up to 3 months, depending on your availability. We can discuss this later.
Location: Save the Children?s head office in Farringdon
Expenses: We pay reasonable travel and lunch costs

Additional Information

Please be aware that applications may be viewed and applicants contacted prior to the close date.

If you want further information on the application process click here

We work with children, communities and governments all over the world and we believe in the right person for the job regardless of where you come from and how you identify yourself. We need to keep children safe so our selection process reflects our commitment to the protection of children from abuse.

Source: http://www.devex.com/en/jobs/finance-volunteer-head-office-20559

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Monday, January 30, 2012

Download This iPhone Tethering App Before It Gets Pulled [IPhone Apps]

Need an iPhone tethering app? For $2 (and likely a very limited time only), you can download QuasiDisk, a file viewing app that can also share a connection over a proxy. TheNextWeb says it takes a fair amount of tweaking to get it working, but it does work. [iTunes via TheNextWeb] More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/XYkBogrQod0/download-this-iphone-tethering-app-before-it-gets-pulled

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Private investors near deal on Greek debt (AP)

ATHENS, Greece ? Greece and its private investors are close to a deal that will significantly reduce the country's debt and pave the way for it to receive a much-needed euro130 billion bailout.

Negotiators for the investors announced the tentative agreement Saturday and said it could become final next week.

Under the agreement, the investors would take a hit of more than 60 percent on the euro206 billion of Greek debt they own.

Here's how it would work: private investors would receive new bonds whose face value is half of the existing bonds. The new bonds would have a longer maturity and pay an average interest rate of slightly less than 4 percent (compared with an estimated 5 percent on the existing bonds).

Without the deal, which would reduce Greece's debt load by at least euro120 billion, the private investors' bonds would likely become worthless. Many of these investors also hold debt from other eurozone countries, which could also lose value in the event of a Greek default.

The agreement taking shape is a key step before Greece can get a second, euro130 billion bailout from its European Union partners and the International Monetary Fund, although there are other issues involved before Greece can get that aid. This would be Greece's second bailout. The EU and the IMF signed off on a euro110 billion aid package for Greece in May 2010, most of which has already been disbursed.

Greece faces a euro14.5 billion bond repayment on March 20, which it cannot afford without additional help.

Private investors hold roughly two-thirds of Greece's debt, which has reached an unsustainable level ? nearly 200 percent of the country's economic output. By restructuring the debt held by private investors, Greece and its EU partners are hoping to bring that ratio closer to 120 percent by the end of this decade.

In return for the first bailout, Greece's public creditors ? the International Monetary Fund, the European Union and the European Central Bank ? have unprecedented powers over Greek spending. However, austerity alone will not fix Greece's problem. The country must also find ways boost its economic output, which at the moment is shrinking.

If no debt-exchange deal is reached with private creditors and Greece is forced to default, it would very likely spook Europe's ? and possibly the world's ? financial markets. It could even lead Greece to withdraw from the euro.

The banks, insurance companies and other private holders of Greek bonds are being represented by Charles Dallara, managing director of the Washington-based Institute of International Finance, and Jean Lemierre, senior adviser to the chairman of the French bank BNP Paribas.

The main creditor negotiators will leave Greece on Sunday and will remain in close consultation with Greek and other authorities.

___

Elena Becatoros in Athens and Gabriele Steinhauser in Brussels contributed.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_bi_ge/eu_greece_financial_crisis

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Sunday, January 29, 2012

Socks Sent By Balloons To North Korea By South Korean Activists

PAJU, South Korea -- South Korean activists have floated giant balloons carrying boxes of socks into North Korea.

The activists hoped Saturday that North Koreans could wear the socks or trade them for food during the harsh winter. Associated Press video showed five helium-filled balloons rising into the air at an observation post in the South Korean border city of Paju.

South Korean activists have used balloons in the past to send anti-North Korean leaflets across the heavily guarded border.

North Korea strongly denounces the leaflets but hasn't mentioned past efforts to send daily necessities.

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Source: http://www.huffingtonpost.com/2012/01/28/socks-sent-by-balloons-to_n_1238961.html

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Saturday, January 28, 2012

Polish economy grows 4.3 percent in 2011 (AP)

WARSAW, Poland ? Despite the European debt crisis, Poland's economy grew a brisk 4.3 percent in 2011, even more than its strong 3.9 percent growth rate for 2010.

The figures released Friday by the Central Statistical Office underline how strongly the economy has continued to grow in Poland, the largest of the ex-communist countries now in the 27-nation European Union.

"This is even more than was expected, though close to what we planned a year ago," Prime Minister Donald Tusk said, expressing satisfaction and saying the numbers show his center-right government has managed the country well during a time of substantial financial upheaval.

Although Poland's economy has proven unusually resilient, even growing when the rest of the EU fell into recession in 2009, the pace of its growth is expected to slacken this year due to fallout from Europe's debt crisis. Various economists and institutions estimate 2012 growth to be in the range of 2.5 to 3 percent.

Despite the strong growth, Poland still struggles with a number of problems, including a stubbornly high jobless rate. Other statistics released Friday show that unemployment in December jumped to 12.5 percent from 12.1 percent in November.

Tusk also expressed satisfaction that the Polish currency, the zloty, has been appreciating for more than a week, giving relief to Poles who have foreign currency loans and to drivers, since gas prices are set in dollars.

"It's very important to me that I travel to Brussels on Monday as the prime minister of a country that is really managing in the crisis," Tusk said.

EU leaders are meeting in Brussels on Monday to hammer out a new deal to help prevent future debt crises, especially in the 17-nation eurozone. Tusk has been threatening to not sign the deal unless it allows Poland to participate in talks on the euro, even though his country isn't yet in the eurozone.

Poland plans to make the currency switch to the euro one day and fears that it is being sidelined.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20120127/ap_on_bi_ge/eu_poland_economy

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Greek debt relief talks grind on

Charles Dallara, managing director of the Institute of International Finance, a banking lobby, foreground, and Jean Lemierre, senior adviser to the chairman of French bank BNP Paribas arrive at Maximou mansion to meet Greek Premier Lucas Papademos in Athens, Thursday, Jan. 26, 2012. Greece will try to revive a debt relief deal needed to avoid a potentially disastrous default when it resumes talks on Thursday with its private creditors in Athens. (AP Photo/Thanassis Stavrakis)

Charles Dallara, managing director of the Institute of International Finance, a banking lobby, foreground, and Jean Lemierre, senior adviser to the chairman of French bank BNP Paribas arrive at Maximou mansion to meet Greek Premier Lucas Papademos in Athens, Thursday, Jan. 26, 2012. Greece will try to revive a debt relief deal needed to avoid a potentially disastrous default when it resumes talks on Thursday with its private creditors in Athens. (AP Photo/Thanassis Stavrakis)

Charles Dallara, managing director of the Institute of International Finance, a banking lobby, arrives at Maximou mansion to meet Greek Premier Lucas Papademos in Athens, Thursday, Jan. 26, 2012. Greece will try to revive a debt relief deal needed to avoid a potentially disastrous default when it resumes talks on Thursday with its private creditors in Athens. (AP Photo/Thanassis Stavrakis)

Charles Dallara, managing director of the Institute of International Finance, a banking lobby, arrives at Maximou mansion to meet Greek Premier Lucas Papademos in Athens, Thursday, Jan. 26, 2012. Greece will try to revive a debt relief deal needed to avoid a potentially disastrous default when it resumes talks on Thursday with its private creditors in Athens. (AP Photo/Thanassis Stavrakis)

(AP) ? Greece's prime minister was to resume talks Friday with representatives of private creditors in the hope of reaching a debt reduction deal essential to avoid a disastrous bankruptcy.

Lucas Papademos will meet for a second day with Charles Dallara, head of the Institute of International Finance banking lobby, and Jean Lemierre, senior adviser to the chairman of French bank BNP Paribas, the prime minister's office said. Finance Minister Evangelos Venizelos was also to attend the meeting, set for Friday evening.

A senior Greek government official said Thursday that, despite delays in concluding the negotiations, Athens is still aiming to submit its formal offer for the bond-swap deal to banks and other private creditors by Feb. 13.

Private creditors are being asked to write off half their Greek bondholdings, and in return accept cash payments and new bonds with longer maturities. The euro100 billion ($129 billion) writedown is a vital condition of a second bailout for Greece, which has been relying on euro110 billion in international rescue loans since May 2010.

Athens needs the deal before a euro14.5 billion bond repayment on March 20 that it cannot afford.

An IIF statement said Thursday's talks focused on legal and technical issues. "Some progress was realized," it said.

A major sticking point is the interest rates the new bonds will carry. Greece's partners in the 17-member eurozone are pressing bondholders to accept a rate considerably lower than they want ? well below 4 percent on average.

Whatever debt relief Greece doesn't get from the investors will have to come from its European partners and the International Monetary Fund, its bailout creditors.

In return for the rescue loans, Greece has imposed tough austerity measures, including salary and pension cuts, repeated rounds of tax hikes and labor reforms.

But frustration has grown at what international officials have said is a too slow pace of reforms, with Greece frequently missing its fiscal targets.

German Finance Minister Wolfgang Schaeuble was quoted Friday as saying that, in an interim report on Monday, Greece's international debt inspectors said that "Greece still has not fully implemented the April 2010 agreements" set out in the initial bailout.

"However, we insist on Greece fulfilling the conditions from the first aid program," Schaeuble told the German daily Stuttgarter Zeitung. "We've had enough announcements, now the government in Athens must act. Only then can we talk about a second program."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-27-EU-Greece-Financial-Crisis/id-8ed180e050cd48968834c9898f901db4

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Pitt to attend New Orleans homebuilding group gala (AP)

NEW ORLEANS ? Talk show host Ellen Degeneres and "American Idol" judge Randy Jackson are hosting a star-studded gala in New Orleans to benefit Brad Pitt's Make It Right home rebuilding effort.

Pitt will attend the $1,000-per-person gala on March 10 called "A Night to Make It Right," which will include performances by singers Sheryl Crow, Rihanna, Seal and Dr. John, said foundation spokeswoman Taylor Royle.

Pitt launched Make It Right in 2007 to help Lower 9th Ward residents who lost their homes during Hurricane Katrina in 2005. The Lower 9th Ward was one of the hardest-hit neighborhoods when Katrina caused levees to fail, inundating roughly 80 percent of the city with floodwater.

Pitt worked with architects to come up with designs for stronger, safer and more energy-efficient houses than the ones residents lost. So far 75 homes have been built, six more are under construction and construction is set to begin on roughly eight others in coming months.

"Our goal is 150 houses, and this fundraiser is going to help us reach that goal," said Royle, noting that all proceeds will benefit Make It Right.

Royle said it has taken more time and money than the foundation originally thought to build 150 homes. Getting in touch with families, making decisions about their homes, getting finances in order and clearing paperwork takes months, she said.

"It's been a long road to get these families home," Royle said. "But we're happy with our progress, and we're looking forward to celebrating the progress we've made."

Royle said a video of Make It Right's work over the past four years will be presented at the gala. A four-course dinner organized by chef John Besh will include courses by chefs Emeril Lagasse and Giada de Laurentiis.

Degeneres, a New Orleans native, has already donated more than $2 million to Make It Right.

"She's been one of our biggest supporters," Royle said.

Jackson, a Baton Rouge native, was quick to offer his participation in the event, Royle said.

Other celebrities serving on the event's host committee who may also be attending include actors Josh Brolin, Sean Penn and Kevin Spacey and director Spike Lee.

The gala will be held at the Hyatt Regency Hotel in New Orleans. Comedian Aziz Ansari will host an after party. Tickets for that event start at $150.

___

Online:

Tickets are available online at www.nighttomakeitright.com.

Source: http://us.rd.yahoo.com/dailynews/rss/celebrity/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_en_mo/us_make_it_right_gala

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Friday, January 27, 2012

New Consultants Expand Equipment Finance Advisory Services in ...

New Consultants Expand Equipment Finance Advisory Services in Mexico, Colombia for The Alta Group Latin America Region

The Alta Group Latin American Region, LLC (Alta LAR) has appointed three new consultants to enlarge capabilities where business growth is occurring for equipment leasing and finance operations in Latin America.

The new consultants are Ulises Quezada in Mexico, and Juan Nicolas Uribe-Holguin and Carlos Jos? Sosa in Colombia, noted professionals who are experienced in helping companies manage business challenges and seize business opportunities in their countries.

?At this time when Latin America is moving forward as one of the leading growth centers for the equipment financing industry, these new consultants will expand Alta?s scope and breadth of capabilities, bringing more granular focus to project implementation,? said Rafael Castillo-Triana, CEO of Alta LAR. ?We provide clients with sound advice to build sustainable business models and structures in Latin America that prepare for risk and enable them to be resilient as changes occur in economic or political climates of Latin American countries. In addition to our current leadership in the field, bringing in these new professionals helps our clients to eliminate learning curves and seize the potential of their expanded business in Latin America without delays and with sound and solid bases.?

Quezada, with more than 20 years of experience in the equipment and financing market, is the former commercial director of CIT Vendor Finance in Mexico. He joins Alta LAR?s team formed by Raul Valencia del Toro and Carlos Ruiz in the Mexican office. Quezada brings to the team his skills in day-to-day management of vendor financing operations in Mexico.

Both Uribe-Holguin and Sosa will reinforce the Colombian office headed by Rafael Ramirez.

Uribe-Holguin, with more than 30 years of experience in the banking and financing industry, is a former officer of Citibank, Financiera Colpatria, Multifinanciera and Banco del Pacifico, where he led the corporate credit divisions. He is well known as an expert in workouts, restructures, and liquidations. Uribe-Holguin is an active management consultant in the financial services industry and a graduate of the business administration program at Boston University.

Sosa, with more than 25 years of experience in management consulting, is a former officer of Maraven (a PDVSA subsidiary). He entered the management consulting business with James Martin & Co., Ernst & Young, then worked with EDS Consulting, where he was assigned as regional consultant in both Colombia and Venezuela. Sosa has been providing management consulting advisory services since moving to Colombia.?He is a computer science graduate with a master?s of business administration degree from the Universidad Central de Venezuela.

About The Alta Group

The Alta Group is the equipment leasing and finance industry?s preeminent global consultancy, offering clients the unique combination of experience, expertise and executable counsel. Alta?s more than 90 executives worldwide have held senior management positions in public and private equipment leasing companies, manufacturers, banks and other financial services institutions. The Alta Group?s major practice areas include mergers and acquisitions; vendor and captive finance; legal support services, professional development; and management consulting. The firm is observing its 20th anniversary in 2012. To learn more, please visit www.thealtagroup.com.

Source: http://www.worldleasingnews.com/news/new-consultants-expand-equipment-finance-advisory-services-in-mexico-colombia-for-the-alta-group-latin-america-region/

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Dust off the gloves: Snow White rivalry heats up

(AP) ? Hollywood's Snow White rivalry is heating up.

Movie studio Relativity Media on Thursday pushed back the release of its lighthearted fairy tale starring Julia Roberts, "Mirror Mirror," by two weeks to March 30. That cuts the time between it and Universal Picture's pulsating action movie, "Snow White and the Huntsman," to nine weeks instead of 11.

Relativity insists its PG-rated version of the Brothers Grimm story is a family comedy while Comcast Corp.'s Universal is marketing "Huntsman" as a gritty medieval thriller featuring a plate-armor-wearing Kristen Stewart and ax-wielding Chris Hemsworth.

Both studios are betting that the audiences won't overlap. After Relativity cut the gap, Universal did not immediately change its planned June 1 release.

Most movies make the majority of their ticket sales in the first few weeks after they debut. Still, Hollywood is betting the quick turnaround won't turn off people who might want to see both movies.

Relativity said the date change puts "Mirror Mirror" within a week of the potentially lucrative Easter weekend. The studio also said the change made sense given a recent reshuffling of other movies, such as "The Raven," which will now come out on April 27 instead of March 9.

Another theory is that Relativity is jumping out of the way of "21 Jump Street," a comedy starring Jonah Hill and Channing Tatum. That movie comes out on the same weekend "Mirror Mirror" had planned on.

Early positive reaction from bloggers and journalists has encouraged Sony Corp.'s Columbia Pictures to market "21" aggressively, and Relativity might not have wanted to risk coming second at the box office that weekend.

In the past, back-to-back releases of similarly themed movies haven't harmed their appeal. In the most recent example, "Deep Impact" and "Armageddon" each sold well more than $300 million in box-office tickets worldwide despite coming out less than two months apart in 1998. Both movies featured space objects that threatened to destroy Earth.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-01-26-US-Dueling-Snow-Whites/id-24de69ba8194448d8e15d21e88062af5

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Thursday, January 26, 2012

Defense: Stanford's empire "wasn't a fraud"

(AP) ? Texas financier R. Allen Stanford's financial empire was real, his attorney says, and not, as prosecutors contend, built on a foundation of lies, theft and bribes as part of an effort to rob investors of more than $7 billion through a vast Ponzi scheme that spanned more than 20 years.

"It wasn't a fraud. It wasn't a pie in the sky. It was an investment he hoped would make a real return," Robert Scardino, one of Stanford's attorneys, said as he prepares to defend the financier at his fraud trial in Houston federal court.

Prosecutors, who are set to present their first witness Wednesday, contend the financier ruined the dreams of people who deposited money in his Caribbean bank as part of efforts to save for retirement or for their children's education. Stanford is on trial for 14 counts, including wire and mail fraud.

"He told them lie after lie after lie. He stole from them, taking their hard earned savings so he could live the lavish lifestyle of a billionaire," federal prosecutor Gregg Costa told jurors Tuesday during his opening statement in Stanford's trial.

Stanford faces up to 20 years in prison if convicted. The 61-year-old is expected to testify during the trial, which will likely last at least six weeks.

Costa told jurors that Stanford's business empire was built on a scheme centered on sales of certificates of deposit from a bank Stanford owned on the Caribbean island of Antigua, which promised substantially higher rates of return on the CDs than U.S. banks and promised investors their money was safe.

The prosecutor said Stanford instead sank investors' money in a variety of his own businesses, including two airlines, and that many of these businesses failed. Costa also accused Stanford of using up to $2 billion of investors' money as personal loans to buy homes and yachts and fund cricket matches.

"He treated depositors' savings like it was his own personal piggy bank," he told the jury.

Once considered one of the United States' wealthiest people, with an estimated net worth of more than $2 billion, Stanford became so prominent in his adopted country of Antigua, where he took on dual citizenship, that he was knighted by the Caribbean island's government and became known as "Sir Allen." His financial empire spanned the U.S., the Caribbean and Latin America.

Stanford's business empire was run through the Houston-based Stanford Financial Group, but at its heart was Antiguan-based Stanford International Bank.

Prosecutors say Stanford used money from the sale of the CDs, which were sold to clients from more than 100 countries, to pay off those purchased earlier once they matured and to support his other businesses.

Costa said more than $300 million of depositors' savings was funneled to two airlines Stanford ran in the Caribbean, $20 million to an entity whose purpose was to pay expenses related to Stanford's yacht and $37 million to a company whose purpose was to promote cricket tournaments in which Stanford gave out million-dollar prizes.

The prosecutor said Stanford and three former executives at his companies covered up their misdeeds by fabricating the bank's records and bribing Antiguan regulators and auditors with more than $3 million and with perks such as Super Bowl tickets.

Stanford's scheme fell apart in 2008 when his bank was running out of money and investors couldn't be paid back, Costa said.

But Scardino told jurors the financier was a clever businessman who for 22 years paid investors every penny he promised them. Scardino said Stanford didn't need to steal depositors' money and use it as personal loans.

Scardino suggested that the ex-chief financial officer for Stanford's company, James Davis, is the real culprit behind the financial fraud alleged by prosecutors. Davis has pleaded guilty and is expected to testify on behalf of prosecutors during the trial.

Scardino said Stanford had been paying back his investors but that stopped when authorities seized his companies and began selling them off.

Stanford has been in jail since his arrest 2? years ago. His trial was delayed after he was declared incompetent due to an addiction he developed in jail to an anti-anxiety drug and he underwent treatment. He was also evaluated for any long-term effects from being injured in a September 2009 jail fight. Stanford was declared fit for trial last month.

Once Antigua's richest citizen, primary banker and its largest private employer, Stanford had his assets seized and now has court-appointed attorneys.

The three other indicted former executives are to be tried in June. A former Antiguan financial regulator was also indicted, and he awaits extradition to the U.S.

Stanford and the former executives are also fighting a Securities and Exchange Commission lawsuit filed in Dallas that makes similar allegations.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-25-Stanford%20Trial/id-0e7b06dab2f949c0969924ba8868ae2f

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Paramount Movies lets you stream UltraViolet films from the cloud, for a price

Paramount became the first studio to offer digital versions of UltraViolet-based movies this week, with the launch of Paramount Movies. With this new service, users can purchase a film in either digital or physical form, and automatically store a copy of it within Paramount's cloud-based digital locker. This effectively allows you to stream a film to any iOS device, though support for Android and Windows Phone remains unavailable (as does compatibility with most set-top boxes). It's all part of DECE's "buy once, play anywhere" ethos, though it should be noted that the studio's UV offerings are somewhat limited. At the moment, Paramount Movies boasts about 60 titles, all of which are available at comparatively steep prices: $20 for HD quality movies, and $13 for SD versions. Check it out for yourself at the source link below.

Paramount Movies lets you stream UltraViolet films from the cloud, for a price originally appeared on Engadget on Wed, 25 Jan 2012 07:02:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/Xf6OTMH7j-Y/

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Wednesday, January 25, 2012

Solar Eruption Triggers Strongest Radiation Storm

ForgedArtificer writes "A recent eruption on the sun will be exposing Earth to the strongest radiation storm seen since 2005. [The storm] will potentially disrupt communications and put high-flyers at risk of radiation exposure." Says Spaceweather.com: "On the NOAA scale of radiation storms, this one ranks S3, which means it could, e.g., cause isolated reboots of computers onboard Earth-orbiting satellites and interfere with polar radio communications." According to the Christian Science Monitor, "NOAA's Space Weather Prediction Center has issued a geomagnetic storm watch, and the agency's deputy, Kathy Sullivan, said that polar flights are expected to be re-routed."

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/ZB6pF6ovIEY/solar-eruption-triggers-strongest-radiation-storm

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Tuesday, January 24, 2012

Poland reviews stance on treaty after web attacks (AP)

WARSAW, Poland ? Poland's government went into defense mode on Monday after a network of online activists paralyzed government websites in opposition to Warsaw's plans to sign an international copyright treaty.

Poland had originally planned to sign the Anti-Counterfeiting Trade Agreement, or ACTA, in Tokyo on Thursday. ACTA is a far-reaching international agreement that would fight copyright infringement and online piracy. Critics fear it could lead to censorship on the Internet.

A Twitter account using the name "AnonymousWiki" announced plans to attack government websites to protest the government's support for ACTA.

Within hours on Sunday, the websites of the prime minister, parliament and other government offices were unreachable or sluggish, the hallmarks of a denial of service attack. The technique works by directing streams of bogus traffic at a website, jamming it in the same way that a telephone line can be overwhelmed by hundreds of prank calls.

In an initial response, government spokesman Pawel Gras on Sunday suggested there hadn't been an attack at all on the sites. "This isn't an attack by hackers, but just the result of huge interest in the sites of the prime minister and parliament," he said, a comment that quickly became a source of ridicule on Facebook and other Internet sites.

By Monday, with the sites still paralyzed, the prime minister and other leaders were holding a meeting to reconsider their stance on the treaty.

"It was a velvet attack by hackers, but still it was an attack. Pawel Gras was wrong," said Slawomir Neumann, a lawmaker with the government Civic Platform party. Neumann said the situation showed that the Polish government is poorly prepared to handle such attacks.

And Michal Boni, the minister for administration and digitization, acknowledged in a radio interview Monday that the government had failed to hold enough consultations with the public on the matter.

An opposition party, the Democratic Left Alliance, also called on the government to not sign in it in a gesture of solidarity with those who warn it could hurt Internet freedom.

Anonymous, the group suspected of involvement in the attacks, made a number of threats before and during the Internet disruptions.

"Dear Polish government, we will continue to disrupt and interfere with your government official websites until the 26th. Do not pass ACTA," one tweet by AnonymousWiki said.

It also threatened more trouble should Poland sign ACTA.

"We have dox files and leaked documentations on many Poland officials, if ACTA is passed, we will release these documents," AnonymousWiki said in a separate tweet.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20120123/ap_on_hi_te/eu_poland_websites_attacked

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Girl Attempts to Sneeze With Eyes Open


Well done yet again, Internet.

Apparently lacking anything better to do for the next minute and a half, this girl decided she would attempt the impossible - sneezing without closing your eyes.

Ever see anyone pull that feat off? Didn't think so. Well, America is about bold ideas and people willing to push the limits of human creativity and willpower.

Don't even front like you don't care or you're not gonna watch:

Source: http://www.thehollywoodgossip.com/2012/01/girl-attempts-to-sneeze-with-eyes-open/

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Monday, January 23, 2012

6,500 year old popcorn and 5 other foods with ancient origins (The Week)

New York ? Popcorn, ice cream, and the hamburger share something other than being American favorites ? they're all much older than one would think

It turns out that humans have been munching on everyone's favorite movie-time snack, popcorn, for much longer than previously thought. Scientists from the Smithsonian National Museum of Natural History and Washington's Natural History Museum uncovered fossilized cobs indicating that people in northeastern Peru were popping kernels as early as 4,700 B.C. ? about 1,000 years earlier than previous evidence suggested.?(That precedes Orville Redenbacher by more than 6,500 years.) But popcorn is hardly the only contemporary food with origins in the ancient world. Here, 5 other favorites:

1. Ice cream
The Chinese are credited with eating the first "ice-cream-like food" around 200 B.C. But instead of today's ubiquitous chocolate, vanilla, or strawberry, early versions were made using milk and rice packed into snow. The dish continued to evolve, and in the 7th century, King Tang of Shang kept helpers on hand to whip up a frosty concoction made of buffalo milk, flour, and camphor.

SEE ALSO: The mystery of expertise

?

2. Lasagna
When and where was the classic Italian dinner born? "Several origin stories surround lasagna," says CNN, "and a couple point to Ancient Greece as the birthplace of the cheesy comfort food." One theory states that the word "lasagna" comes from the Greek term "lasanon," or standing pot, which eventually became the type of serving dish used to bake the pasta.?

3. Burgers
It's quite likely that America's quintessential fast food was an on-the-go meal from the start. Its creation can be credited to the fearsome Mongols, who, in the 1200s, "stashed raw beef under their saddles as they waged their campaign to conquer the known world," says Serious Eats. "After time spent between the asses of man and beast, the beef became tender enough to eat." The steak tartare this inspired eventually found its way to the Germany port city of Hamburg, where it was transformed into a minced, cooked beef patty. But the burger wasn't really a burger until 1900, when a Connecticut restaurant claims to have slapped the Hamburg steak between two buns, and voil? ? "America's first hamburger." ?

SEE ALSO: NASA vs. doomsday theorists: Why the world won't end in 2012

?

4. Meatloaf
"Though modern meatloaf is an American innovation, its ancestry spans the globe, and centuries," says Nadia Arumugam at The Atlantic. In the late 4th or early 5th century, "Roman gastronome Apicius" mentions a dish that "features chopped meat combined with spices, bread soaked in wine and pine nuts and formed into a patty" in his cookbook, De Re Coquinaria. But it wasn't until the Great Depression that the dish became popularized in America, when it provided a cheap alternative to more expensive cuts. "The notion of meatloaf as comfort food stems from its frequent appearance in this period," says Arumugam. "It was lucky meatloaf arrived when it did."

5. Wheat
Contrary to popular belief, neanderthals "were not just meat-eaters," says Katherine Harmon at Scientific American. "Traces of fossilized foodstuffs" caught in their teeth revealed that these ancient humans ate a variety of plants, including legumes, date palms, and several wild varieties of grass related to wheat. Though it was a far cry from the bread we eat today, researchers found that 42 percent of the starchy plants neanterthals ate tens of thousands of years ago came from cooked food. "Thankfully for the researchers, these early humans' tool selection did not likely include floss."?

SEE ALSO: The superiority of Stradivarius violins: Debunked?

?

Sources: Huffington Post, BBC, CNN, Serious Eats, The Atlantic, Scientific American

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Source: http://us.rd.yahoo.com/dailynews/rss/oped/*http%3A//news.yahoo.com/s/theweek/20120123/cm_theweek/223569

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Hazel Jones, Woman With Two Vaginas, Turns Down $1 Million Porn Offer


A UK woman with two vaginas has captured the attention of the news world. Hazel Jones insists she has no interest in cashing in on this irregularity, however.

Jones revealed she was diagnosed with uterus didelphys, an uncommon condition which means she has two wombs and two cervixes, earlier this week.

The 27-year-old has since been approached by - who else - Vivid Entertainment about starring in an adult film for $1 million. NO chance, she says.

Hazel Jones Photo

According to the Daily Mail (UK), she said: "I would never even consider such an offer, let alone actually do it in million years ... I just want to be left alone."

Vivid Founder/CEO Steven Hirsch, who's made similar pitches to everyone from Octomom (often) to Casey Anthony (later withdrawn), wrote Jones:

"You are obviously an extraordinary woman and I would like to make you an offer to star in an upcoming Vivid production. We would pay you up to $1 million."

"We would fly you out to L.A. as soon as you are available and provide you with first class accommodations in addition to the payment for your services."

He did not release any plot details for this potential erotic masterpiece.

Vivid has become the leader in "legit" celebrity sex tapes, with raw footage of Pamela Anderson, Kim Kardashian and others netting the company millions.

Don't look for Hazel Jones to join their illustrious client list now or down the road, though. Likely for the best. Watch an interview with her after the jump.

Source: http://www.thehollywoodgossip.com/2012/01/hazel-jones-woman-with-two-vaginas-turns-down-1-million-porn-off/

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Sunday, January 22, 2012

Croats split over EU ahead of referendum (AP)

RIJEKA, Croatia ? Vedran Sabljak, a shipyard worker in this northern Adriatic port, knows what he thinks about Croatia joining the European Union: A resolute "No."

To gauge just how much the once-elite European club of nations has lost its luster with its debt-burdened economies and bickering leaders, one has to look no further than Croatia, which is holding a EU membership referendum Sunday.

"I'm against Croatia entering the European Union," Sabljak said, as huge cranes in the 3rd of May shipyard helped to assemble a cargo ship on a dry dock.

He said he does not see any advantages to joining a bloc that faces the possible bankruptcy of some members and whose common euro currency is threatened by the European debt crisis.

Croatia signed an EU accession treaty last year and is on track to become a member in July 2013, if Croat voters say "Yes" in the referendum and all of the bloc's 27 states later ratify the deal.

The Balkan nation started negotiating its EU entry six years ago with the strong backing of Germany, but since then the popularity of the bloc has gradually faded, as Croats realized that EU membership would not automatically lead to prosperity.

Still, recent polls indicate that a majority ? some 56 percent of those who will take part in the referendum ? will vote in favor of joining.

They hope their country's troubled economy ? burdened by recession, a euro48-billion ($61-billion) foreign debt and a 13 percent unemployment rate ? will revive due to access to wider European markets and job opportunities that EU membership should bring.

"I would rather be with Germany and France than with Serbia and Bosnia," said Jadranka Blazic, a lawyer from Zagreb, referring to Croatia's former compatriots in the Yugoslav federation that broke up in a bloody civil war in the 1990s.

"Maybe the EU is no longer as attractive, and we may be late in joining, but better the European Union than back to some kind of a Balkan union," the 42-year-old said as she sipped coffee in an elegant cafe in the capital, Zagreb.

Many in Croatia ? and the rest of the EU ? also wonder what is the bloc going to gain from the country that is ripe with corruption and has economic woes that are among the deepest in the Balkans.

Even the Croatian leaders, who have launched a campaign for a "Yes" vote, show little enthusiasm when they speak about joining, since it will be just in time to pay for bailouts to for indebted EU countries such as Greece.

"The European Union is neither heaven nor hell," Croatian President Ivo Josipovic said. "We expect to live better, but we can do that only if we use the mechanisms that the EU has to offer."

With its spectacular Adriatic coastline and over a 1,000 islands, the tourism-oriented Croatia has long seen itself as more Western-looking than the other former Yugoslav republics. It is likely to become only the second of the six ex-Yugoslav nations to join the EU, after Slovenia, which enlisted in 2004.

The anti-EU campaigners say their country of just 4.5 million people will lose its identity and have little to say in a union where Germany and France are calling the shots. And they feel that the war for secession from the former Serb-dominated federation will become meaningless.

"Twenty years after we split from Yugoslavia, why would we enter an organization that is breaking apart?" Dean Golubic, an anti-EU activist, asked several hundred right-wing protesters waving checkered red and white Croatian flags reading "I Love Croatia, No to EU" at a recent rally in the capital.

"We didn't wage the war for our national identity, have 15,000 innocent victims, only to give it away to the capitalists," war veteran Zeljko Sacic said.

Josipovic, the president, tried to alleviate those fears.

"Like the other 27 countries, Croatia will not give up its sovereignty by becoming an EU member," he said. "Croatia will smartly invest a part of its sovereignty in the most prosperous political and economic community in the world."

For the shipyard workers in Rijeka, not only their national identity is at stake. The EU has demanded that the Croatian government stop subsidizing and privatize all of its five loss-making ship builders ? putting some 12,000 jobs at risk ? before it becomes a member.

"I think we are rushing to join," said shipyard worker Niksa Moreti. "Croatia and its shipbuilding industry need time. I am in favor of the EU membership, but at some later point."

Although Croatian officials are likely to repeat the referendum until they get a "Yes" majority, they portrayed Sunday's vote as decisive, and say the country could lose hundreds of millions of euros (dollars) in accession funds if the Croats say "No."

Illustrating the deep divisions in Croatia, a young man interrupted officials at a pro-EU government rally Wednesday in Rijeka.

"You are destroying the future for the young, you should be ashamed," opposition activist Marin Skribola shouted. "The European Union is a dungeon for the Croats!"

___

Dusan Stojanovic reported from Belgrade, Serbia.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120119/ap_on_re_eu/eu_croatia_eu_referendum

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Saturday, January 21, 2012

AMD A8-3870K


There's good news and less-good news about AMD's new A8-3870K Accelerated Processing Unit (or APU). The good news is that it surpasses its predecessor, the A8-3850, in every way (if only slightly),
and provides overclocking features and performance potential beyond what you may think you can expect from a chip with a $135 (list) price?whether from AMD or Intel. But for all the strides AMD has made since it released the previous APU this past summer, the A8-3870K still can't replace a solid CPU?discrete video card combo for even quasi-serious gamers. But it shows that AMD is taking its Fusion product seriously, and thus hints at more good things to come.

Like the A8-3850, the A8-3870K is based on a 32nm production process and contains four CPU cores and a DirectX 11 (DX11)?supporting Radeon HD 6550D GPU with 400 GPU cores (in roughly the middle budget range of AMD's video products, judging by the previous generation's naming scheme). There's 128KB of L1 cache and 1MB of L2 cache available per core, and the APU supports dual-channel DDR3 memory at speeds of up to 1,866MHz. The A8-3870K of course also requires a motherboard that uses the (relatively) new FM1 socket, based on either AMD's A75 (with enhanced USB 3.0 and SATA III support) or A55 (USB 2.0 and SATA II) chipsets.

One important reminder about the graphics system on the APU: If you have a discrete video card installed, the APU will by default function as the boot-up video adapter, meaning any displays connected to a video card won't work until Windows loads the proper video drivers. This can be annoying if you only have one display, but you can toggle this "feature" in the motherboard's BIOS or UEFI settings. Second, the APU lets you access AMD's new Dual Graphics technology to "combine" the power of a discrete GPU with the integrated graphics; but this only works if both your hardware (the video card must be relatively low-end, and if you're only using one DIMM of memory, the whole thing might not work) and software (you'll need the AMD Vision Engine Control Center running) is correctly configured. Make sure your PC meets all the requirements before trying it out.

The biggest difference between the A8-3850 and the A8-3870K is in terms of the clocks. The CPU core on the newer chip has been bumped up from 2.9GHz to 3GHz, though the GPU clock remains unchanged at 600MHz?but both are now unlocked. This means you may overclock them to your heart's (and your PC's thermal) content, independently of each other, to get as much new performance as you can muster. It's also one of the first genuinely compelling reasons we've seen for enthusiasts (or just wannabes) to consider an APU that, by the broader standards of AMD's product line, is not an exceptional performer.

As we said when we reviewed the A8-3850 last year, Intel doesn't have any products that directly compare with AMD's new APUs in terms of overall capabilities. But if you care about raw processing more than graphics, an Intel platform based on chips like the lower-end Core i3-2100 or the considerably more powerful Core i5-2500K will serve you better. At its stock clock speeds, the A8-3870K represents only a tiny increase over the A8-3850; its multicore CineBench R11.5 score rose from 3.46 to 3.55, it took only six seconds less (5 minutes 12 seconds versus 5 minutes 18 seconds) to apply 12 filters in Adobe Photoshop CS5, cryptography throughput in TrueCrypt 7.0 raised from 106MBps to 109MBps, and its score in our full-system Futuremark PCMark 7 benchmark was functionally unchanged.

Video tests showed similarly small increases, with scores rising from 1,024 to 1,026 in 3DMark 11, frame rates increasing from 6.3 frames per second (fps) to 6.4fps in Lost Planet 2, and frame rates not improving at all in the Heaven Benchmark 2.5 (it remained at 5.5fps both times). These were all at basic resolutions, by the way?the Performance (1,280 by 720) preset for 3DMark 11, and 1,280 by 1,024 for the other two?though we maxed up all the details. By reducing the titles' resolutions or turning down the visual effects, you'll be able to get something much closer to playable frame rates, but you'll be making quite a few sacrifices.

This is where the overclocking comes in, right? Theoretically. We're happy to report that overclocking (when the APU was installed in the Gigabyte GA-A75-UD4H motherboard) was a breeze, and being able to separately focus on the CPU and GPU was an enormous frustration reducer. We had very little trouble nudging the GPU clock up from 600MHz to 900MHz and the CPU clock from 3GHz to 3.5GHz, using just a basic air cooler?and AMD tells us that, with more aggressive cooling and fine tuning of voltages, a combo rate of 960MHz/3.8GHz is possible. The A8-3870K offers you a lot of leeway.

But is it worth it? That depends on your point of view. The 3DMark 11 score rose from 1,026 to 1,244, CineBench from 0.90 to 1.04, the Heaven Benchmark from 5.5fps to 6.4fps, Lost Planet 2 from 6.4fps to 7.5fps, PCMark 11 from 2,509 to 2,691, Photoshop times down from 5:12 to 4:36, and TrueCrypt throughput up from 109MBps to 119MBps. (Predictably, load power rose as well, from 134.6 watts to 142.3 watts.) These aren't poor jumps by any stretch of the imagination. But except for those who might be really excited to overclock with such an inexpensive chip, we're not sure they're dazzling enough to set many hearts racing.

Still, the AMD A8-3870K is a fascinating part that shows how serious AMD continues to take the mainstream processor race. Our conclusion with this APU remains the same as with the A8-3850: Though you'll want a standalone video card for any real gaming purposes, AMD's blending of processing and video performance delivers a balance you just can't get from Intel right now. This may change when Intel ships its Ivy Bridge CPUs, which will support advanced DX11 graphics rather than Sandy Bridge's DX10, in a few months. But for now, AMD's Fusion approach is generating the most comforting heat in the midrange market.

More Chipsets & Processors Stories:
??? Intel Pins its Tablet Hopes on Ice Cream Sandwich
??? Intel Roars to Record 2011, Sets Sights on Ultrabooks, Tablets in 2012
??? AMD A8-3870K
??? Rumor: iPad 3 to Sport Quad-Core Chip, LTE, HD Display
??? AMD Positions Lightning Bolt to Take on Intel's Thunderbolt
?? more

Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/2pbnTN29974/0,2817,2398957,00.asp

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Find The advantages Of Automotive Repair service Shop ...

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Source: http://agrapher.net/find-the-advantages-of-automotive-repair-service-shop-application/2067/

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Friday, January 20, 2012

Sweden to probe fate of WWII hero Wallenberg

Foreign Minister of Sweden Carl Bildt, left, Government Minister of Israel Yossi Peled, center, and Hungarian Foreign Minister Janos Martonyi, right, stand together while opening an exhibition remembering Raul Wallenberg in Budapest, Hungary, Tuesday, Jan. 17, 2012. The centennial exhibition, 'Man Amidst Inhumanity' remembers the legendary Swedish diplomat Raul Wallenberg, the rescuer of tens of thousands of Hungarian Jews during WWII. (AP Photo/Bela Szandelszky)

Foreign Minister of Sweden Carl Bildt, left, Government Minister of Israel Yossi Peled, center, and Hungarian Foreign Minister Janos Martonyi, right, stand together while opening an exhibition remembering Raul Wallenberg in Budapest, Hungary, Tuesday, Jan. 17, 2012. The centennial exhibition, 'Man Amidst Inhumanity' remembers the legendary Swedish diplomat Raul Wallenberg, the rescuer of tens of thousands of Hungarian Jews during WWII. (AP Photo/Bela Szandelszky)

Foreign Minister of Sweden Carl Bildt delivers his speech while opening the an exhibition remembering Raul Wallenberg in Budapest, Hungary, Tuesday, Jan. 17, 2012. The centennial exhibition, 'Man Amidst Inhumanity' remembers the legendary Swedish diplomat Raul Wallenberg, the rescuer of tens of thousands of Hungarian Jews during WWII. (AP Photo/Bela Szandelszky)

Foreign Minister of Sweden Carl Bildt delivers his speech while opening the an exhibition remembering Raul Wallenberg in Budapest, Hungary, Tuesday, Jan. 17, 2012. The centennial exhibition, 'Man Amidst Inhumanity' remembers the legendary Swedish diplomat Raul Wallenberg, the rescuer of tens of thousands of Hungarian Jews during WWII. (AP Photo/Bela Szandelszky)

FILE - An undated black and white photo showing World War II hero Raoul Wallenberg. A newly found Swedish document shows how the Soviet secret police intervened in the early 1990's to stop an investigation into World War II hero Raoul Wallenberg's fate, two U.S.-based researchers said Monday, Jan. 16, 2012. The Swedish diplomat, who would have turned 100 this year, is credited with rescuing tens of thousands of Hungarian Jews from the Nazis. He disappeared after being arrested by the Soviet Red Army in 1945. The Russians have said he was executed on July 17, 1947, but unverified witness accounts and newly uncovered evidence suggest he may have lived beyond that date. (AP Photo/Scanpix Sweden, File) SWEDEN OUT

(AP) ? Sweden will open a new probe into what happened to World War II hero Raoul Wallenberg after he was captured by the Soviets in 1945.

Foreign Minister Carl Bildt has asked experts to look into whether any new material has emerged that could shed new light on what happened to the Swedish diplomat, Bildt spokeswoman Anna Charlotta Johansson said Wednesday.

Wallenberg is credited with rescuing tens of thousands of Hungarian Jews from the Nazis. He disappeared after being arrested in Hungary by the Soviet Red Army in 1945. On Tuesday, Hungary, Sweden and Israel launched the Raoul Wallenberg Year to honor his efforts.

The new Swedish probe will be led by Hans Magnusson, who was involved in a similar effort together with Russian experts in the 1990s. According to Bildt, the Russian experts then said Wallenberg died, "or more likely was killed," on 17 June 1947 in Soviet custody, but unverified witness accounts and newly uncovered evidence suggest he may have lived beyond that date.

The Soviets said he died of a heart attack in prison and Russia has never officially retracted that version. The Swedes haven't contested the Russian version, but have maintained there was insufficient evidence to draw any firm conclusions about Wallenberg's ultimate fate.

On Monday, two U.S. researchers told The Associated Press that a newly found Swedish document shows how the KGB intervened in the early 1990s to stop the previous investigation.

Russian scholar Vadim Birstein, one of the researchers working for the first Wallenberg commission, said they had just found some previously unknown documents when the archive was closed to them in the spring of 1991.

The former head of the Soviet "Special Archive," Anatoly Prokopenko, told the AP that following a brief period of openness before and after the 1991 collapse of the Soviet Union, Russian authorities have grown increasingly reluctant to allow public access to the archives.

Magnusson said he will start off by reviewing what information has emerged about Wallenberg since his last probe and see if there is anything new that can be done.

He didn't express big hopes that the Russians would ease the restrictions on access to the archives but said Swedish authorities will continue their contact with Russia's Federal Security Service, or FSB, the successor to the Soviet-era KGB.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-18-EU-Sweden-Wallenberg/id-7c2f26e759b44293b8e2bddda64804eb

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'Glimmer of hope' as divers blow holes in stricken ship

Six people are dead and 29 people remain missing in the wake of cruise ship Costa Concordia running aground Friday off Italy's coast. Rock Center took a boat out to the partially sunken ship with an experienced yacht captain who said that the cruise ship's captain was "completely irresponsible." Crew members and passengers on the ship described the harrowing nightmare. Harry Smith reports.

?

By msnbc.com staff and news services

Updated at 5:58 a.m. ET:? Italian naval divers on Tuesday?used explosives to blow?holes in the hull of a cruise ship grounded off a Tuscan island to speed the search for 29 missing people. One official said there was still a "glimmer of hope" that survivors could be found.

Prosecutors, meanwhile, prepared to question the captain, who is accused of causing the wreck that left at least six dead and abandoning the Costa Concordia before all 4,200 people on board were safely evacuated when the vessel capsized Friday night.

NBC News reported that Captain Francesco Schettino had arrived at the courthouse in Grosseto, Italy.


Navy spokesman Alessandro Busonero told Sky TV 24 the holes will help divers enter the wreck more easily. "We are rushing against time," he said.

The divers set four microcharges above and below the surface of the water, Busonero said. Television footage showed one hole above the waterline to be less than 6 feet in diameter.?

Published at 3:08 a.m. ET: A stricken Italian cruise liner shifted on its rocky resting place as worsening weather disrupted an increasingly despairing hunt for survivors and authorities almost doubled their estimate of the number of missing people to 29.

Video shot by a waiter inside the dining room of the capsized ship Costa Concordia shows scenes of chaos, moments after passengers became aware there was a problem. NBC's Harry Smith reports.

As the Costa Concordia's owners accused their captain of veering too close to shore in a "salute" to residents of a Tuscan island, the giant ship slid a little on Monday, threatening to plunge 500,000 gallons of fuel below the Mediterranean waters of the surrounding nature reserve.

The slippage forced rescuers to suspend efforts to find anyone still alive after three days in the capsized hull, resting on a jagged slope outside the picturesque harbor on the island of Giglio. Most of the 4,200 passengers and crew survived, despite hours of chaos.

Captain Francesco Schettino was arrested a day after the disaster and accused of manslaughter and abandoning the ship before all of the people were evacuated. Prosecutors say he also refused to go back on board when requested by the coast guard.

Rescue operations have been called off after the Costa Concordia slipped further into the sea. Rescue workers had to be plucked from the ship by helicopter. ITN's Neil Connery reports.

Schettino was due to appear before magistrates for questioning on Tuesday morning.

An Italian Coast Guard official, Marco Brusco, said late Monday that the number of people missing had been revised up to 29 -- 25 passengers and four members of staff -- from 16, showing how much uncertainty still surrounded the disaster

He didn't explain the jump, but indicated 10 of the missing are Germans.

'They were really excited'
Two Americans are also among the missing. Jerry and Barbara Heil live in White Bear Lake, a suburb of about 25,000 people 15 miles outside St. Paul, Minn.

Sarah Heil, their daughter, told WBBM radio in Chicago that her parents had been looking forward to their 16-day vacation.

Off the Tuscan coast of Italy, search and rescue efforts resumed Monday along the capsized cruise liner, three days since the ship struck rock and flipped on its side, with more than 4,000 people on board. NBC's Michelle Kosinski reports.

"They raised four kids and sent them all to private school, elementary to college, so they never had any money," Sarah Heil said. "So when they retired, they went traveling. And this was to be a big deal ? a 16-day trip. They were really excited about it."

Brusco said there was still "a glimmer of hope" there could be survivors on parts of the vast cruise liner that have yet to be searched. The last survivor, a crewman who had broken his leg, was rescued on Sunday.

Luciano Roncalli, a senior firefighter, told Reuters that all the unsubmerged areas of the liner had been searched.

Environment Minister Corrado Clini said he would declare a state of emergency because of the risk that the ship's fuel would leak into the pristine Tuscan Archipelago National Park. No fuel spillage has been detected so far, he said on an Italian television show on Monday evening.

Should rougher seas dislodge the wreck and cause it to sink or break up, that could scupper any hopes for the owners, a unit of Florida's Carnival Corp., of salvaging a liner which cost hundreds of millions of dollars to build just six years ago.

Regardless of the waters they're operating in, cruise ships are governed by a series of international maritime treaties that set standards for everything from evacuation procedures to emergency crew training. NBC's Tom Costello reports.

Investigators say the ship was far too close to the shore and its owners, Costa Cruises, said the captain had carried out the rash maneuver to "make a bow" to people on Giglio island, who included a retired Italian admiral.

Schettino denies charges of manslaughter.

The father of the ship's head waiter told Reuters that his son had telephoned him before the accident to say the crew would salute him by blowing the ship's whistle as they passed close by Giglio, where both the waiter, Antonello Tievoli, and his 82-year-old father Giuseppe live.

Costa Cruises chief executive Pier Luigi Foschi on Monday blamed errors by Schettino for the disaster. He told a news conference the company would provide its captain with any assistance he required. "But we need to acknowledge the facts and we cannot deny human error," he added.

More from msnbc.com and NBC News:

Msnbc.com staff, Reuters and The Associated Press contributed to this report.

Source: http://overheadbin.msnbc.msn.com/_news/2012/01/17/10171694-glimmer-of-hope-as-divers-blow-holes-in-stricken-ship?chromedomain=worldnews

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