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Javier E

U.S. Adults Fare Poorly in a Study of Skills - NYTimes.com - 0 views

  • American adults lag well behind their counterparts in most other developed countries in the mathematical and technical skills needed for a modern workplace, according to a study released Tuesday.
  • even middle-aged Americans — who, on paper, are among the best-educated people of their generation anywhere in the world — are barely better than middle of the pack in skills.
  • The study is the first based on new tests developed by the Organization for Economic Cooperation and Development, a coalition of mostly developed nations, and administered in 2011 and 2012 to thousands of people, ages 16 to 65, by 23 countries. Previous international skills studies have generally looked only at literacy, and in fewer countries.
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  • The organizers assessed skills in literacy and facility with basic math, or numeracy, in all 23 countries. In 19 countries, there was a third assessment, called “problem-solving in technology-rich environments,” on using digital devices to find and evaluate information, communicate, and perform common tasks.
  • In all three fields, Japan ranked first and Finland second in average scores, with the Netherlands, Sweden and Norway near the top. Spain, Italy and France were at or near the bottom in literacy and numeracy, and were not included in the technology assessment.
  • The United States ranked near the middle in literacy and near the bottom in skill with numbers and technology. In number skills, just 9 percent of Americans scored in the top two of five proficiency levels, compared with a 23-country average of 12 percent, and 19 percent in Finland, Japan and Sweden.
  • “Our economic advantage has been having high skill levels at the top, being big, being more flexible than the other economies, and being able to attract other countries’ most skilled labor. But that advantage is slipping.”
  • Compared with other countries with similar average scores, the United States, in all three assessments, usually had more people in the highest proficiency levels, and more in the lowest. The country also had an unusually wide gap in skills between the employed and the unemployed.
  • In the most highly educated population, people with graduate and professional degrees, Americans lagged slightly behind the international averages in skills. But the gap was widest at the bottom; among those who did not finish high school, Americans had significantly worse skills than their counterparts abroad.
  • Among 55- to 65-year-olds, the United States fared better, on the whole, than its counterparts. But in the 45-to-54 age group, American performance was average, and among younger people, it was behind.
Javier E

JPMorgan Faces Possible Penalty in Madoff Case - NYTimes.com - 0 views

  • The Madoff case is particularly thorny. Any action would link the bank to the most notorious financial criminal in more than a generation. Mr. Madoff orchestrated a Ponzi scheme lasting decades that wiped out an estimated $17 billion in cash for his investors. Paper losses reached more than $64 billion.
  • Mr. Madoff is serving a 150-year sentence in a federal prison in North Carolina after pleading guilty in March 2009. In a 2011 interview from prison, Mr. Madoff told The New York Times that the banks he did business with “had to know.”
  • Mr. Madoff’s ties to JPMorgan trace to 1986, when it became his primary banker. Over the course of that relationship, Mr. Picard claims, JPMorgan “made at least half a billion dollars in fees and profits” from the relationship.
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  • The bank, according to Mr. Picard’s lawsuit, generated handsome sums by allowing Mr. Madoff’s brokerage firm to “funnel billions of dollars” through its account with JPMorgan, “disregarding its own anti-money laundering duties.”
  • On June 15, 2007, when a JPMorgan committee met to ponder the proposal, new suspicions emerged about Mr. Madoff. A senior risk management officer at the bank e-mailed colleagues to report that another bank executive “just told me that there is a well-known cloud over the head of Madoff and that his returns are speculated to be part of a Ponzi scheme.” The senior officer added that “I think we owe it to ourselves to investigate further.”
  • But according to Mr. Picard, the bank’s further research amounted to a phone call with Mr. Madoff and “a Google search with no follow-up.”
  • Similar concerns were enough to deter JPMorgan’s own private bank from doing business with Mr. Madoff. In an e-mail, a JPMorgan wealth management executive remarked that Mr. Madoff’s “Oz-like signals” were “too difficult to ignore.”
  • After Mr. Madoff’s arrest in December 2008, Mr. Picard said, a flurry of JPMorgan e-mails captured the lack of surprise at the bank. One employee, referring to the agenda for the June 2007 meeting, wrote, “Perhaps best this never sees the light of day again!!”
grayton downing

BBC News - Libya terror suspect Abu Anas al-Liby in New York court - 0 views

  • A suspected Libyan militant leader seized earlier this month in a US raid in Tripoli has appeared for a second time in a federal court in New York.
  • Mr Liby is accused of having links with al-Qaeda and of involvement with the bombings of two US embassies in 1998.
  • At his previous hearing, Mr Liby was represented by court-appointed public defenders, having said he could not afford an attorney of his own.
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  • Mr Kleinman told the court that it would take several months to sort through hundreds of thousands of documents before the case could proceed.
  • There has been anger in Libya over the US commando raid on 5 October, which many say was a breach of Libyan sovereignty.
  • Mr Liby had been on the FBI's most wanted list for more than a decade, with a $5m (£3.1m) bounty on his head.
grayton downing

BBC News - India and China in border defence agreement - 0 views

  • India and China have signed an agreement on border defence co-operation after a stand-off between their armies in disputed territory earlier this year
  • The agreement was signed during Indian Prime Minister Manmohan Singh's visit to Beijing.
  • The two countries disagree over the demarcation of several Himalayan border areas and fought a brief war in 1962. Tensions still flare up from time to time.
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  • "China and India are two old civilisations. Our two peoples have the wisdom and our two governments have the ability to manage our disputes along the border so that it won't affect the overall interests of our bilateral relations," the Chinese leader added.
  • The two countries signed nine agreements in total, including a deal to strengthen co-operation on trans-border rivers and transport. China is already one of India's top trading partners and the Asian neighbours are the world's two most populous countries.
grayton downing

BBC News - Syria: Blast near Damascus airport triggers blackouts - 0 views

  • Large parts of Syria have been hit by a power cut following an explosion near the airport in the capital, Damascus.
  • Residents say the entire capital has been plunged into darkness and officials said the power cuts had been nationwide.
  • "A terrorist attack on a gas pipeline that feeds a power station in the south has led to a power outage in the provinces, and work to repair it is in progress," Syria's state news agency Sana quoted Electricity Minister Imad Khamis as saying.
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  • Meanwhile the SOHR says a car bomb has hit a military checkpoint in a western suburb of Damascus, causing multiple casualties among security forces.
  • In a press conference on Wednesday, the Organisation for the Prohibition of Chemical Weapons (OPCW) said it expected Syria's initial declaration within the next 24 hours.
grayton downing

BBC News - James Clapper: Reports US tapped French phones 'false' - 0 views

  • US intelligence chief James Clapper has denied reports that US spies recorded data from 70 million phone calls in France in a single 30-day period.
  • The director of national intelligence said the report in Le Monde newspaper contained "misleading information".
  • Both reports were based on leaks from fugitive ex-US intelligence worker Edward Snowden.
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  • "The allegation that the National Security Agency collected more than 70 million 'recordings of French citizens' telephone data' is false."
  • His statement did not mention the second set of allegations about the National Security Agency (NSA) programmes that allegedly monitored French diplomats in Washington and at the UN.
  • The US had apparently feared losing the vote, and needed French support.
  • "We have to have a respectful relationship between partners, between allies. Our confidence in that has been hit but it is after all a very close, individual relationship that we have."
  • The NSA was also forced to admit it had captured email and phone data from millions of Americans.
  • The US wants him extradited to face trial on criminal charges.
grayton downing

BBC News - Russia drops piracy charges against Greenpeace activists - 0 views

  • Russia has dropped piracy charges against 30 Greenpeace activists, replacing them with hooliganism charges, according to officials.
  • The new charge has a maximum penalty of seven years rather than 15. Greenpeace says it is still "wildly disproportionate".
  • Greenpeace's Arctic Sunrise vessel was seized by Russian forces as activists tried to scale an offshore oil platform.
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  • Vladimir Markin, the head of Russia's main investigating agency the Investigative Committee, told Russian news agencies that the charges had been reclassified.
  • Last week, 11 Nobel prize-winners wrote to Russian President Vladimir Putin, urging him to drop the charges of piracy.
  • Mr Putin said last month that the activists had violated international law but it was "absolutely evident that they are, of course, not pirates".
  • "The Arctic 30 are no more hooligans than they were pirates," he said in a statement.
  • All 30 people who were on board the ship are in pre-trial detention in the northern port city of Murmansk until late November. They have complained of being held in harsh conditions,
  • They were detained when Russian security sources stormed the ship five weeks ago following a protest against drilling for oil in the Arctic.
  • Greenpeace denies any wrongdoing and is calling for the release of the detainees, who come from 18 countries, and the Arctic Sunrise.
grayton downing

BBC News - Call for free vitamins for children - 0 views

  • She calls for a scheme offering vitamins to young children in low-income families to be made universal.
  • Only 25% of children with clinical mental health disorders receive specialist help within three years.
  • She said obesity stood out as one of the big issues, but the report also demonstrated the interplay between health, social environment, emotional environment and education.
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  • Under the current scheme, children aged six months to four years are eligible for free vitamins if their parents are on benefits.
  • "The UK must have greater expectations for children's health if we are to be the best place in the world for children to grow up.
  • "As a nation we must be much more ambitious about giving every child the best start in life, and this should be a priority for all decision makers in central and local government."
  • Our Children Deserve Better, Prevention Pays.
grayton downing

BBC News - Democrats lament Obamacare rollout glitches - 0 views

  • President Barack Obama's Democratic allies have begun voicing frustration with widespread problems with aspects of his signature healthcare law
  • House Democrats have complained that technical issues with an insurance enrolment website had overshadowed the law's current and future benefits.
  • The health law, known formally as the Patient Protection and Affordable Care Act and informally as Obamacare, was passed in 2010 and is Mr Obama's foremost domestic policy initiative.
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  • Mr Obama and the law's supporters say it will eventually reshape America's costly and inefficient healthcare industry and provide insurance to most of the estimated 46 million Americans who lack it.
  • The sites, known as exchanges, opened on 1 October. The White House aims to enrol as many as seven million people through the exchanges by the 31 March end of the enrolment period.
  • The Republicans, who have opposed the law from the beginning and have sought to undermine it at every turn, are now calling for the rollout to be delayed and for deadlines for enrolment to be pushed back. The Republicans have also loudly demanded an investigation into the exchanges' shortcomings.
  • "It is our job to hold them accountable, and when it comes to Obamacare clearly there is a lot to hold accountable," House of Representatives Speaker John Boehner said on Wednesday.
  • "The president needs to man up, find out who was responsible, and fire them," Minnesota Congressman Richard Nolan said. "You don't get many second chances to get a good first impression."
grayton downing

BBC News - Merkel calls Obama about 'US spying on her phone' - 0 views

  • German Chancellor Angela Merkel has called US President Barack Obama after receiving information that the US may have spied on her mobile phone.
  • "views such practices... as completely unacceptable".
  • The White House said President Obama had told Chancellor Merkel the US was not snooping on her communications.
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  • Mr Carney told reporters that Washington was examining concerns from Germany as well as France and other American allies over US intelligence practices.
  • Berlin demanded "an immediate and comprehensive explanation" from Washington about what it said "would be a serious breach of trust".
  • The statement also said that Mrs Merkel had told Mr Obama: "Such practices must be prevented immediately."
  • The German government would not elaborate on how it received the tip about the alleged US spying.
  • A number of US allies have expressed anger over the Snowden-based spying allegations
  • The Mexican government has called the alleged spying on the emails of two presidents, Enrique Pena Nieto - the incumbent - and Felipe Calderon, as "unacceptable".
Conner Armstrong

The media can't stop sucking up to Alan Greenspan | New Republic - 0 views

  • So far, he’s gone virtually unchallenged. He has said the 2008 financial crisis “was the first time ever that markets were broken and could not fix themselves” (ever hear of the Depression?), and that he “could have caught a number of different crises” during his tenure at the Fed (which begs the question of why he didn’t). Journalists have asked such penetrating questions as, "You were knighted. Does that come with a title or anything?" Even the tough-minded Binyamin Applebaum called Greenspan "one of the nation’s most astute economic observers." Overall, the media has presented Greenspan's book as part of a soul-searching quest for why he missed the greatest economic collapse in decades—a frame that is needlessly obsequious and suggests he was a bystander to the disaster, not a central actor.
Javier E

The Ameri-Canada Dream, Ctd « The Dish - 0 views

  • “The US system of health care is indefensible from an economic as well as a business standpoint.” And, she adds, “If Americans had the same system as Canada or Germany the savings would total 1.079 trillion per year.”
Javier E

Pollen Study Points to Culprit in Bronze Era Mystery - NYTimes.com - 0 views

  • To the north lay the mighty Hittite empire; to the south, Egypt was thriving under the reign of the great Pharaoh Ramses II. Cyprus was a copper emporium. Greece basked in the opulence of its elite Mycenaean culture, and Ugarit was a bustling port city on the Syrian coast. In the land of Canaan, city states like Hazor and Megiddo flourished under Egyptian hegemony. Vibrant trade along the coast of the eastern Mediterranean connected it all.
  • Experts have long pondered the cause of the crisis that led to the Late Bronze Age collapse of civilization, and now believe that by studying grains of fossilized pollen they have uncovered the cause.
  • Theories have included patterns of warfare, plagues and earthquakes.
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  • unusually high-resolution analysis of pollen grains taken from sediment beneath the Sea of Galilee and the western shore of the Dead Sea, backed up by a robust chronology of radiocarbon dating, have pinpointed the period of crisis to the years 1250 to 1100 B.C.
  • this pollen count was done at intervals of 40 years — the highest resolution yet in this region,
  • the uniqueness of the study also lay in the combination of precise science and archaeological and historical analysis, offering the fullest picture yet of the collapse of civilization in this area at the end of the Bronze Age. “Egypt is gone. Forever,” said Professor Finkelstein. “It never got back to that level of prosperity again.”
  • the team extracted about 60 feet of cores of gray muddy sediment from the center of the Sea of Galilee in northern Israel, passing through 145 feet of water and drilling 65 feet into the lake bed, covering the last 9,000 years. At Wadi Zeelim in the southern Judean Desert, on the western margins of the Dead Sea, the team manually extracted eight cores of sediment, each about 20 inches long.
  • Pollen grains are one of the most durable organic materials in nature, she said, best preserved in lakes and deserts and lasting thousands of years. Each plant produces its own distinct pollen form, like a fingerprint. Extracting and analyzing the pollen grains from each stratum allows researchers to identify the vegetation that grew in the area and to reconstruct climate changes.
  • The results showed a sharp decrease in the Late Bronze Age of Mediterranean trees like oaks, pines and carobs, and in the local cultivation of olive trees, which the experts interpret as the consequence of repeated periods of drought.
  • The droughts were likely exacerbated by cold spells, the study said, causing famine and the movement of marauders from north to south. After the devastation came a wet period of recovery and resettlement, according to the experts — a new order that gave rise to the kingdoms of biblical times.
grayton downing

Kerry Says Syrian Opposition Still Undecided on Peace Conference Next Month - NYTimes.com - 0 views

  • Saudi Arabia has wanted the United States to do more to train and arm rebel fighters. And the Saudi leadership was hoping that President Obama would order a cruise missile attack on the Syrian military in response to what Western and Arab powers said was the Syrian government’s Aug. 21 chemical weapons attack near Damascus.
  • We know that the Saudis were obviously disappointed that the strike did not take place,” said Mr. Kerry, referring to the cruise missile attack
  • Saudi Arabia has also been worried that the Obama administration may be too eager to seek a compromise with Iran over its nuclear program and was unhappy that Washington did not take a stronger stance against the Muslim Brotherhood when President Mohamed Morsi governed Egypt.
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  • Saudi Arabia was among the 11 nations that issued the communiqué on Tuesday, and Mr. Kerry insisted that the Saudis and Americans were now “on the same page” regarding Syria.
  • Setting a precise date for Geneva peace talks has been a recurrent problem. The United States, Russia and the United Nations initially first sought to organize one months ago
grayton downing

Kerry Says Syrian Opposition Still Undecided on Peace Conference Next Month - NYTimes.com - 0 views

  • The United States and 10 Arab and European nations expressed support on Tuesday for the convening of a peace conference next month in Geneva to begin negotiations on a political settlement to end the bloody civil war in Syria.
  • John Kerry acknowledged that the moderate Syrian opposition had not yet decided whether it would attend.
  • It reiterated that a transitional government should be established as part of a political settlement
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  • The communiqué issued by the London 11, as the nations were known, addressed several themes important to the Syrian opposition.
  • That element of the communiqué alone could pose an enormous obstacle to a peace conference.
  • It warned against “delaying tactics” and expressed hope that a transitional government would be established “within the coming months.”
  • The moderate opposition has been wary of being drawn into open-ended talks while the Assad government presses its attacks, fearing that such a move would undermine its credibility with Syrians inside the country after more than two years of war.
  • At the same time, fighters from the moderate opposition have also found themselves battling on two fronts as they struggle against the Assad government while also contending with extremists from the Islamic State of Iraq and Syria, a group affiliated with Al Qaeda.
  • “The reason we have to make sure we are supporting and dealing with the moderate opposition committed to a democratic, pluralistic, nonsectarian future for Syria is precisely because if they don’t have a role, then all the Syrian people have got left is a choice between Assad and extremists,”
  • “I believe that the conference can happen next month,” he said. “I am confident that in the end the opposition will decide that it is in their best interest.”
grayton downing

BBC News - Concern over Bahrain 'tear-gas tender' - 0 views

  • Human rights groups have expressed concern over an apparent request by the Bahraini government for large quantities of tear gas
  • Campaigners have accused the Bahraini authorities of using tear gas as a weapon against opposition protesters.
  • Tear gas is a generic term for a group of at least 15 toxic chemical agents that disable people by exposing their lungs, skin and eyes to irritants. CS gas is the most commonly used by for crowd control.
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  • The US-based Physicians for Human Rights (PHR) says tear gas has been a factor in at least 39 deaths in Bahrain since 2011.
  • "Tear gas is being used in an indiscriminate, inappropriate and lethal way. The US should publicly oppose all sales of tear gas to Bahrain while it is being abused by the police."
grayton downing

BBC News - US added 148,000 jobs in September - 0 views

  • The US economy added 148,000 jobs in September, official figures show, lower than analysts had predicted.
  • 7.2%, down from 7.3% in August, the US Department of Labor
  • Economists had predicted 180,000 job gains for September, and the lower-than-expected figure could raise fears the US economy is losing momentum.
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  • Following the figures, stock markets turned higher, with the FTSE 100 up 0.5% at 6,688 and both the Dow futures and broader S&P index futures up 0.3%, as investors bet on the Fed continuing its stimulus programme at the same pace.
  • The dollar fell, under pressure
  • The Labor Department said the next US unemployment data would be released on 8 November, a week later than scheduled due to the partial shutdown of the US government.
grayton downing

BBC News - American University of London sells study-free MBA - 0 views

  • A so-called university sold an MBA degree for thousands of pounds with no academic work required, a BBC Newsnight investigation has revealed.
  • The American University of London (AUOL) awarded a fictitious person created by the programme a Master's in Business in exchange for a £4,500 fee.
  • "not a bogus university" and defended the robustness of the qualifications it offers.
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  • Its website claims that that all of their courses "have been designed to the most exacting standards, in accordance with the most stringent criteria, in order to provide outstanding education at an affordable price".
  • 15 years of made-up work experience and a fictitious undergraduate degree from a UK university.
  • Newsnight sent "Pete's" CV to AUOL, along with a completed application for the Master's in Business (MBA) and £50 application fee.
  • "No, no, apparently the APEL [Accreditation of Previous Experiential Learning] board awarded him the full degree immediately based on his qualification and his professional experience, so he doesn't have to do any courses."
  • awarding an MBA on what essentially amounts to the evidence that is on a piece of paper.
  • the university's academic staff are highly qualified and experienced". But when we contacted five Western academics on its list, all said they had never worked there and never agreed for their name to be used.
  • "It doesn't have authority to award degrees. They are not degrees. They are pieces of paper and I'm guessing they are not able to sell very many degrees into countries where English is the first language."
  • The university has claimed to be recognised by three different American institutions, but these institutions are themselves unofficial and unrecognised.
  • The university is listed as "bogus" by the agency that values degrees for the Italian government and it has been blacklisted in five US states, including Texas where it is illegal to use any of its qualifications to get a job.
  • "We are not a bogus university… and have always been upfront about our status.
grayton downing

BBC News - Record number of women MPs as German parliament meets - 0 views

  • Germany's parliament has reconvened for the first time since September's election which saw a surge of support for Chancellor Angela Merkel.
  • She is trying to forge a deal between her Christian Democrat bloc and the centre-left Social Democrats.
  • Women make up 36% of the new MPs, where one-third of members are new to the Bundestag.
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  • Nearly one in five of Germany's 82 million residents are either immigrants themselves, or children of immigrants who have arrived since 1950, according to Germany's federal statistics office.
  • Their talks with the Social Democrats, which may continue for weeks, are expected to focus on the introduction of a nationwide minimum wage, taxation and control of key government ministries.
  • virtually meaningless, since a successful "grand coalition" would give Mrs Merkel control over nearly 80% of the house's seats.
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