Diberdayakan oleh Blogger.

Popular Posts Today

Plan to reopen New England fishing spots debated

Written By Unknown on Senin, 15 Juli 2013 | 00.52

BOSTON — A plan to allow certain New England fishermen back into fishing grounds where they've long been banned was so objectionable to environmentalists that two groups sued to kill it months before it was officially released.

And after the proposal was unveiled last week, fishermen who once backed the idea called the plan a useless gesture that does nothing for their struggling industry.

None of the criticism surprises the Northeast's top fishing regulator, John Bullard. But he says it doesn't mean the proposal to reopen 3,000 square miles of Atlantic Ocean can't work.

"We recognize it's probably not going to make anyone happy," Bullard said. But, he added, "We think it's a responsible way to make abundant stocks accessible to people."

The plan, released by the National Oceanic and Atmospheric Administration, is not yet in effect, pending a period of public comment.

It was devised after a December vote by regional regulators that gave fishermen permission to ask to work sections of previously forbidden fishing grounds. It details where fishermen can ask for access and the conditions under which it could be granted.

The closed areas, located in the Gulf of Maine and to the south and east of Cape Cod in Georges Bank, were off-limits as far back as 1994 to fishermen who target bottom-dwelling groundfish, such as cod and haddock. Regulators shut down the grounds to protect the fish and their nurseries.

But fishermen argued last year that the closures became obsolete in 2010 when regulators decided to instead try to protect groundfish with tough catch quotas.

They argued that with huge cuts in those quotas coming in 2013, it made sense to reopen at least some sections of the closed areas so fishermen could harvest the healthy fish species reportedly there, such as redfish and haddock.

Environmental groups immediately objected, saying critical fish habitat would be damaged, jeopardizing fish recovery. The Conservation Law Foundation and Earthjustice sued in May, arguing that regulators were trying to skip a legally required analysis of the effects of the proposed change.

Greg Cunningham of the Conservation Law Foundation said NOAA is acting under political pressure to help fishermen but could do major damage to fish stocks.

"The risks are pretty substantial, we think, but they haven't finished doing the work to determine what these risks are," he said.

Jud Crawford of the Pew Environment Group said NOAA's approach is short-sighted and threatens key habitats for cod and other troubled fish in exchange for minimal benefit to fishermen.

"We're at the bottom of a barrel, an ecological barrel," he said. "We're scraping at the bottom of the barrel rather than climbing out of the barrel or finding a way to fill the barrel again."

Bullard said NOAA's plan has been extensively analyzed and includes numerous steps to meet the environmentalists' concerns. For instance, the final plan only grants access to three of the five closed areas, leaving both zones in the Gulf of Maine off-limits while opening portions of the Georges Bank areas.

Bullard said the new access is being considered only in places that aren't considered key fish habitats — though environmentalists say important habitat would be affected.

For fishermen, it's a requirement aimed at appeasing environmentalists that ruins the whole plan. They object to a mandate to have an independent on-board catch observer on every trip to monitor and prevent fishing gear entanglements with whales and porpoises and other protected marine mammals.

Observers cost roughly $500 to $800 daily.

"Obviously, it's just crazy to think that anybody could afford to pay $700 a day to go fishing, under these circumstances," said Maggie Raymond, head of the Associated Fisheries of Maine.

Maine fishermen Jim Odlin, who owns five fishing boats, said there's no reason to require an observer on every trip. Odlin wonders why the areas would be at greater risk from groundfishermen when other fishermen, including lobstermen and scallopers, have long been allowed in without bringing an observer each time.

"There's nothing special about these areas," he said.

Despite their objections, Bullard believes it's an open question about whether fishermen will truly stay away, once access to the previously closed fishing grounds is granted.

"We'll see," he said. "The industry has told us there's an awful lot of fish to be caught."

Still, no one is expecting the plan to be a "silver bullet," Bullard said, noting that only larger boats have the range to reach the newly reopened fishing zones, which shuts out New England's substantial small boat fleet.

The plan is part of a larger strategy to help the industry with numerous small steps in the hopes it can all add up to keeping more fishermen in business through the crisis, he said.

"Is it a game changer? No," Bullard said. "But it's a piece of the puzzle."


00.52 | 0 komentar | Read More

Twitter gives France data in anti-Semitic posts

PARIS — Twitter has given French authorities information that can help identify the authors of a series of racist and anti-Semitic tweets that carried French hashtags, and the social media site also has agreed to work with a Jewish student group that sued for the data on other ways to fight hate speech.

The president of the Union of Jewish Students of France said Saturday that his organization, known as UEJF, was withdrawing a $50 million lawsuit against San Francisco-based Twitter Inc., which was originally filed as a means to pressure the company to comply and "end Twitter's indifference."

"We got Twitter to respect the laws of our country," Jonathan Hayoun said in a telephone interview. Propagating racial and anti-Semitic hatred is against French law.

Twitter's policies require international users to comply with local laws regarding online conduct and acceptable content, and the social network's free-wheeling style has in the past been stymied by European legislation. For instance, Germany restricts the use of Nazi-related symbols and slogans, such as the swastika or the phrase "Heil Hitler." Twitter blocked a neo-Nazi account in Germany last October.

In January, a Paris court ordered Twitter to turn over data that could help identify account holders who last fall posted the offending tweets, which included slurs and photos evoking the Holocaust. The anti-Semitic tweets, which started Oct. 10, were followed by racist posts against Muslims. Twitter then agreed to pull the tweets.

A joint statement Friday from Twitter and the UEJF said the social media site has turned over to the Paris prosecutor's press and public liberties section "data that may enable the identification of certain users that the vice-prosecutor believes have violated French law."

The statement also said the two sides agreed to "actively continue contributing together to the fight against racism and anti-Semitism, in keeping with their respective domestic laws and regulations." Those efforts will include "taking measures to improve the accessibility of the reporting procedure of illegal Tweets."

The Paris court had also ordered Twitter to make it easier for users of its French website to report any "illegal content." However, Twitter was not obligated to comply since the U.S. company has no offices in France.

The Jewish student group's president said it had reached a broader deal with Twitter that goes beyond the statement, but he refused to provide details, saying it was confidential.

French law forbids all discrimination based on ethnicity, nationality, race or religion and has done so since 1881. There has been a raft of legislation since then refining the broad ban, including a ban on inciting racial hatred. A 2004 act addresses the Internet, but is mainly directed at Internet service providers and hosts, saying they must contribute to the prevention of revisionist and racist data.

Hayoun, the Jewish group leader, said it was important that Twitter "stop directing its eyes only to American laws and the First Amendment of the American Constitution. In France, you can't say just whatever you want on the Internet."

He said he hopes the people who posted the offensive tweets would be punished because "Twitter is a public space, and just like it is forbidden to say 'dirty Jew' in the streets it is forbidden to type it out on your keyboard and send it on Twitter."


00.52 | 0 komentar | Read More

Obama's gift to ESPN's Kornheiser is game of golf

WASHINGTON — President Barack Obama's birthday gift to ESPN commentator Tony Kornheiser is a game of golf. With the president.

The White House said Obama teed off Saturday with Kornheiser and Michael Wilbon, co-hosts of the sports network's "Pardon the Interruption" talk show. Saturday was Kornheiser's 65th birthday.

Obama spent more than four hours at the golf course at the Army's Fort Belvoir in Virginia, south of Washington. The president is an avid sports fan and viewer of ESPN programming.

The White House did not identify the fourth member of the presidential golf party.

In the evening, Obama and first lady Michelle Obama attended daughter Sasha's singing performance at a friend's house in Gaithersburg, Md.


00.52 | 0 komentar | Read More

Study: Locations key to gambling success in Mass.

If Massachusetts picks the right locations for its new gaming resorts, it will pull the plug on much of the $853 million Bay State gamblers spent last year in New England states while drawing gamblers from other states, a new study says.

"Where the commonwealth ultimately sites three casinos and the slot parlor will determine whether Massachusetts is able to reassert dominance over New England's gaming entertainment and tourism sectors," said study author Clyde W. Barrow of the Center for Policy Analysis at the University of Massachusetts Dartmouth.

Massachusetts Gaming Commission Chairman Stephen Crosby called the study "good news" and agreed that siting the Bay State's gaming venues will be critical both in competing with other states' casinos and slots parlors, but also in putting them in places where they will be most attractive to the maximum number of Bay State gamblers.

The study showed Bay State gamblers spent 
$853 million in 2012 in other New England states including Connecticut, Rhode Island and Maine.

"The first criteria, although not the only one, when people choose a facility is convenience, and right now people in Massachusetts have been leaving the state for other facilities," Crosby said. "But convenience is not the only thing, and we're going to have very fancy, very high-end facilities . . . To maximize the economic benefit here in Massachusetts we need to maximize the convenience to people in Massachusetts, and we want to site them so they have the maximum draw for people from outside of the state."


00.52 | 0 komentar | Read More

MGM, anti-casino group make final push before Springfield vote

A big-money casino and a grass-roots movement have entered full campaign mode in the days leading up to Tuesday's referendum in Springfield when residents vote on the $850 million casino proposed by MGM Resorts.

Both opponents and supporters of the casino proposal said they planned to be at the polls Tuesday, drumming up support for their cause.

"We've been working really hard for many, many months," said Mike Mathis, vice president of Global Gaming Development for MGM.

"There's much more support than we even expected to see," said Peter Swarr, one of the leaders of Citizens Against Casino Gaming, a local anti-casino group. "Our goal is to say Springfield is not sold on this."

Springfield election commissioner Gladys Oyola said she expects voter turnout to exceed that of the U.S. Senate special election last month. Everett voter turnout was 50 percent higher for the casino vote than the June 25 Senate race, just three days apart.

The months leading up to the vote have been marked by a massive spending gap between supporters and opponents of the casino. MGM has given nearly 
$1 million in the past month and a half in donations and in-kind contributions to Yes For Springfield, a pro-casino group, according to a campaign finance report. Yes for Springfield spent more than $800,000 in advertising and canvassing. MGM also brought in rap star Pitbull to perform at the MassMutual Center for another $173,000 in May.

Citizens Against Casino Gaming listed in-kind contributions worth just over $2,500 for bumper stickers, yard signs and printing since Jan. 1. The only other expenses listed are bank maintenance fees.

"It's like David and Goliath," Swarr said.

Voters will cast their ballots for or against a Host Community Agreement agreed upon by the City Council and MGM. The agreement lays out the terms of the project, including size and annual payments to the city. The agreement calls for an anticipated annual payment greater than $25 million, 2,000 construction jobs and 3,000 permanent jobs, 90 percent of which must be from the Springfield area.

If the referendum is approved, MGM's proposal will be evaluated by the state Gaming Commission based on criteria including revenue projections, positive impact on the state and local benefit.


00.52 | 0 komentar | Read More

Drink detectors make a stir

Three years ago, Mike Abramson was at a Boston nightclub celebrating a friend's birthday when he ordered a gin and tonic that turned out to be both impossible to remember and impossible to forget.

"The next thing I recall is being shuffled over the arms of friends as they dragged me out the door," said Abramson, a 31-year-old patent attorney. "Most of the night is a blur. I was so nauseous, I was bedridden the next day. I know that my drink was drugged, but I have no idea by whom."

Because of that, he never reported the incident to police, but he did go on to found DrinkSavvy, a Boston startup and MassChallenge finalist that aims to eradicate drug-assisted date rape with cups, straws and stirrers that change color if a drink has been tampered with.

The U.S. Justice Department estimates that at least 400,000 people are drugged each year, but the number could be much larger because the department estimates that fewer than 5 percent ever report it.

Like Abramson, many don't remember the incident or are afraid of being accused of drinking too much.

Women in particular often are advised not to accept drinks from strangers, not to leave their drink unattended and not to drink from punch bowls.

"But it only takes half a second for someone to slip something in your glass," he said. "And it's difficult to detect because it's usually colorless, odorless and tasteless."

Abramson researched other drug-detectors such as coasters, but found them awkward to use because you have to pour some of your drink onto them and wait for them to dry and change color.

Other companies make testing strips, but they're only as good as the second you dip them into your drink.

So Abramson teamed up with chemists from Worcester Polytechnic Institute and raised more than $52,000 from nearly 2,600 donors on the crowdfunding platform Indiegogo.com to develop plastic party cups, straws and stirrers that, when they are completed, will change color in three to five seconds if a drink has been spiked.

"We make invisible drugs visible without the user having to do anything," Abramson said. "It's discreet, effortless monitoring of your drink throughout the night."


00.52 | 0 komentar | Read More

Asiana says TV station damaged its reputation

SEOUL, South Korea — Asiana Airlines said Sunday its reputation was damaged by a report on a San Francisco TV station that used bogus and racially offensive names for four pilots on its plane that crashed earlier this month and is considering legal action.

An anchor for KTVU-TV read the names on the air Friday and then apologized after a break. The report was accompanied by a graphic with the phony names listed alongside a photo of the burned out plane. Video of the report has spread widely across the Internet since it was broadcast.

The National Transportation Safety Board has also apologized, saying a summer intern erroneously confirmed the names of the flight crew.

An Asiana statement said it's mulling legal measures against both KTVU-TV and the NTSB because the report "badly damaged" the reputation of the airline and its pilots.

It didn't say what legal measures it was considering.

Neither the station nor the NTSB commented on where the names originated.

The four pilots, who underwent questioning by a U.S. and South Korean joint investigation team while in the U.S., returned to South Korea on Saturday. South Korean officials plan to conduct separate interviews with them, South Korea's Ministry of Land, Infrastructure and Transport said Sunday.

Asiana Airlines Flight 214 crashed at San Francisco International Airport on July 6, killing three and injuring dozens.


00.52 | 0 komentar | Read More

Correction: TV-Fox News-Kelly story

NEW YORK — In a July 2 story about Megyn Kelly of Fox News Channel moving to prime time, The Associated Press incorrectly reported that the agent for Fox News host Greta Van Susteren did not return a call seeking comment. Van Susteren is not represented by an agent. The AP incorrectly called telephone numbers that turned out to be not associated with Van Susteren, who has said she has a long-term contract with Fox News for programming in prime time.

A corrected version of the story is below:

Fox News says Megyn Kelly will move to prime time

Fox News says popular daytime host Megyn Kelly will move to prime-time lineup

By DAVID BAUDER

AP Television Writer

NEW YORK (AP) — Fox News Channel said Tuesday that Megyn Kelly will soon move into prime time, and the palace intrigue about who — if anyone — she will displace on cable news' most popular and stable lineup begins.

Kelly, a former lawyer, has been a rising star at Fox. She has hosted the two-hour news program "America Live" at 1 p.m. Eastern since 2010 and co-anchored convention and election night coverage with Bret Baier during the last election season.

Fox Chairman and CEO Roger Ailes said Kelly will move into prime time when she returns from maternity leave. It's not clear when that will be: She announced in February that she is due to give birth to her third child this summer, but it's unknown how long she will be off.

"Megyn is an exceptional talent who has successfully filled and surpassed each role we have given her at the network," Ailes said. "Her ability to command the screen, delve into the facts and lead a debate is what makes her one of the most sought-after anchors in the business."

Fox also said Tuesday that it has signed long-term deals with its biggest stars: Bret Baier, Shepard Smith, Bill O'Reilly, Sean Hannity and Greta Van Susteren.

The prime-time lineup of O'Reilly at 8 p.m., Hannity at 9 p.m. and Van Susteren at 10 p.m. hasn't changed in more than a decade, except when Hannity's former liberal foil, Alan Colmes, left the show after the 2008 election. Baier hosts an hour-long newscast at 6, and Shepard Smith does his own news program at 7.

"Roger Ailes hired me nine years ago when I was new to this business and he had little other than instinct to suggest it might work out," Kelly said. "I was grateful to him then, remain so today, and am excited for this next opportunity."

Fox said a new schedule will be announced later and gave no other details.

Fox's announcement came one day after news website Mediaite reported that Van Susteren had met with new CNN boss Jeff Zucker this spring about a return to the network where she had once worked. CNN would not comment on that.

Ailes is known not to take kindly to perceived acts of disloyalty. When he learned in 2001 that one of his prime-time hosts, Paula Zahn, had received an offer from CNN, he immediately fired her. Ailes minimized Zahn's ratings success at Fox in a news article, saying a "dead raccoon" could have done just as well.

Of Fox's prime-time hosts, Van Susteren's show is the only one where viewership has declined this year from 2012, down 4 percent to 1.57 million, according to the Nielsen company. All of the hosts have lost viewers among the 25- to 54-year-old demographic that is key to advertising sales, but Van Susteren's 23 percent decline was the steepest.

Still, Ailes made it a point to say that Van Susteren, one of the Fox's busiest presences in social media, has a new long-term deal with the network.


00.52 | 0 komentar | Read More

These routes will take you to a lower down payment

WASHINGTON — It's a crucial question for many first-time and moderate-­income buyers in rebounding markets across the country: Where do we find the lowest down payment, lowest monthly cost loans? The answers are changing.

True zero-down alternatives are rare and tend to be tightly restricted. If you're a veteran or active military, a VA-guaranteed home loan might be ideal since it requires no down payment. The same is true for certain rural housing loans administered by the Department of Agriculture, but purchases must be in designated areas outside large population centers. Members of the Navy Federal and NASA federal credit unions can qualify for zero down financing, but those programs are closed to every­body else. Some state housing finance agency programs may also be helpful, but they often come with income limits and ­other requirements.

For most shoppers looking for mini-down payments, there are much larger, less restrictive sources. The Federal Housing Administration is probably the traditional favorite since it requires just 3.5 percent down. But beware: In the wake of a series of insurance premium increases and a highly controversial move to make premiums non-cancellable for the life of the loan for most new borrowers, FHA no longer rules the low-cost roost.

Fannie Mae, the giant federal mortgage investor, may now do better. And for some applicants, so might Freddie Mac, Fannie's smaller competitor. Consider this ­scenario prepared by George Souto, a loan ­officer with McCue Mortgage in New Britain, Conn., who has long specialized in putting first-time buyers into houses using FHA loans. But lately, says Souto, "the numbers just don't work as well." He's directing clients instead into Fannie Mae's 3 percent minimum down payment "My Community Mortgage" program.

Here's the head-to-head: Say you want to buy a $180,000 house but you don't have much cash for a down payment. If you go with a 3.5 percent FHA loan, you would need to come up with $6,300. If you select Fannie's 3 percent loan, it's just $5,400.

The rate on the FHA loan with zero points will be lower — 4.25 percent in Souto's hypothetical — than 4.625 percent for Fannie. (A point is 1 percent of the loan amount.) But FHA's new mortgage insurance premium charges spoil the rate advantage: $195.41 monthly for FHA versus $123.68 for Fannie's plan using private mortgage insurance. On a monthly basis, FHA costs $43.30 more — a $1,064.67 payment compared with $1,021.37 — including principal, interest and insurance.

More important for buyers who plan to hold on to their low mortgage interest rates for years, Fannie's insurance charges disappear when the principal balance on the loan reaches 78 percent of the purchase price of the home — knocking $123.68 off the monthly mortgage bill. FHA's insurance fees of $195.41 a month, by contrast, are a drag until you pay off the loan. FHA previously allowed cancellation, but that changed June 3, when the agency revoked the privilege for most new borrowers.

There are some noteworthy restrictions to the Fannie program that might stand in the way of some buyers, however. There are income limits pegged to median incomes in the metropolitan area where the house is located, although applicants in higher-cost markets such as in California, metropolitan Washington, D.C., Seattle, Vancouver-Portland, Boston and New York among others can qualify with incomes well above the median. Check with your loan officer about what ceiling may apply to you.

Fannie requires higher credit scores ­— generally 680 FICO and up — whereas FHA is more generous, allowing 580 FICOs. But as a practical matter, many mortgage lenders won't do FHA loans for borrowers with FICO scores below 640. Fannie also insists that for first-time purchasers, at least one borrower must complete a financial education or counseling course. FHA has no such requirement.

FHA allows borrowers to use gift funds as part of their down payments, but the Fannie program requires the full down payment to come from the borrowers' own resources such as ­savings accounts.


00.52 | 0 komentar | Read More

Ex-Goldman Sachs trader faces NY SEC civil trial

NEW YORK — A judge presiding over the civil trial of a former Goldman Sachs trader accused of misleading investors about the true prospects of their bet on a package of mortgage-based securities has summed up the charges against him with a fairytale, saying it's as if he's accused of handing Little Red Riding Hood an invitation to grandmother's house while concealing the fact the invitation was written by the Big Bad Wolf.

In the case against Fabrice Tourre, U.S. District Judge Katherine B. Forrest says the victims weren't to be "hooded children but rather large financial institutions, operating in a dog-eat-dog world."

The charges stem from a group of mortgage-based securities that were marketed in early 2007 when Tourre worked for Goldman Sachs as a vice president. Tourre was born in France and moved to the United States in 2000 to study at Stanford University, where he obtained a graduate degree in science.

The Securities and Exchange Commission accused Tourre in an April 2010 lawsuit of making misstatements and omissions to investors in a portfolio of 90 sub-prime and mid-prime residential mortgage-backed securities.

The charges accused Tourre of making false and misleading statements and aiding false statements and material omissions by his employer. The SEC sought a declaration that Tourre had violated securities laws, along with a disgorgement of profits and unspecified penalties and damages.

In July 2010, Goldman Sachs settled charges brought against it, agreeing to pay $550 million. It still faces private litigation in the matter, including a federal securities class action lawsuit.

The SEC's civil fraud charges concern the role of a large hedge fund, Paulson & Co. Inc., and its billionaire president, John A. Paulson, in helping to choose the assets that would decide the value of the investment. While Paulson played a significant role in selecting the assets, the company also shorted over $1 billion of those assets through credit default swaps, the SEC said.

The SEC said the kinds of mortgage-based securities Tourre was selling just as the housing market was showing signs of distress contributed to the financial crisis a year later by magnifying losses associated with the downturn of the U.S. housing market.

While investors lost more than $1 billion in the investment, Paulson's positions earned it more than $1 billion, the SEC said.

At trial, which begins Monday, the SEC said it plans to call a number of Goldman Sachs employees as witnesses.

The defense has said in court papers that the SEC has had difficulty finding evidence to support its charges despite its review of more than 12 million pages of documents, thousands of tapes and dozens of investigation interview and deposition transcripts.

Tourre's lawyers, Pamela Chepiga and Sean Coffey, said in a statement: "Fabrice Tourre has done nothing wrong. He is confident that when all the evidence is considered, the jury will soundly reject the SEC's charges."


00.52 | 0 komentar | Read More
techieblogger.com Techie Blogger Techie Blogger