Society's ChildS


Stock Up

Everything is O.K. - U.S. stocks rally; Dow Jones on pace for record high

Tomi Kilgore & Chris Dieterich
Wall Street Journal
Fri, 12 Jul 2013 09:46 UTC
Image
A global stock rally that began in the U.S. returned home to Wall Street Thursday morning, as signs that the Federal Reserve will keep its easy-money policies in place for the long haul put the Dow Jones Industrial Average on target for a new all-time high.

Gains began late Wednesday after Fed Chairman Ben Bernanke said the economy still needs "highly accommodative monetary policy for the foreseeable future."

U.S. stock futures took off, then triggered gains in both Asia and Europe. Mr. Bernanke's comments also prompted a selloff in the dollar, a decline in Treasury yields and a rally in gold prices.

The Dow climbed 149 points, or 1%, to 15443 in the minutes after Thursday's opening bell, putting it pace to top its all-time closing high of 15409.39, hit on May 28.

Mr. Bernanke's statement reassured investors who in recent weeks were grappling with the question of when, and how dramatically, the Fed is likely to change policy, particularly a "tapering" of its $85 billion a month bond-buying program.
Read More...
Crusader

Irish Free State finally permits abortion (in rare cases)

Henry McDonald
The Guardian
Fri, 12 Jul 2013 09:36 UTC
Image
Irish parliamentarians passed a groundbreaking law early on Thursday allowing limited abortion rights in the republic.

Enda Kenny and his coalition government pushed through the protection of life in pregnancy bill, which will allow for abortions only when a woman's life is under threat if her pregnancy continues or if she is suicidal.

Despite threats of excommunication from cardinals and bishops, the privately devout Catholic prime minister eventually won the vote after a marathon two-day debate in the Dáil.

Members voted by 127 to 31 to legalise abortion in cases of medical emergencies as well as the risk of suicide.

However, pro-choice and anti-abortion groups have already threatened court cases to challenge the new law.
Read More...
Arrow Down

Passenger aircraft emergency lands in East Siberia


RIA Novosti
Fri, 12 Jul 2013 07:43 UTC
A passenger aircraft with 45 people on board made an emergency landing in east Siberia's Krasnoyarsk Territory after one of its engines stalled, the Emergencies Ministry said in a statement on Friday.

An Antonov An-26 aircraft carrying 41 passengers and four crew members was en route from the city of Krasnoyarsk to the city of Igarka, when its right-wing engine stalled some two hours after the take off on Friday morning.
Read More...
USA

If the Supreme Court doesn't intervene, California will be forced to release nearly 10,000 inmates

Don Thomson
businessinsider.com
Wed, 10 Jul 2013 03:47 UTC
Image
© Reuters/Lucy Nicholson

Sacramento, Calif. - Gov. Jerry Brown is making one final bid to delay a federal court order requiring the state to release nearly 10,000 inmates by year's end to improve conditions in California prisons.

The administration on Wednesday asked U.S. Supreme Court Justice Anthony Kennedy to delay the order forcing the state to immediately take steps to further reduce its prison population.

If he refuses to intervene, the state has said it will begin freeing inmates to comply with the lower court order, which is intended to improve care for sick and mentally ill inmates.

Kennedy oversees appeals from western states.

He is a Republican appointee who sided with the court's four Democratic-appointed justices in 2011 to cast the deciding vote requiring the state to reduce its prison population to about 110,000 inmates.

Read More...
Airplane

San Francisco plane crash: Asiana pilot says he was blinded by bright light

Bart Jansen
USA Today
Thu, 11 Jul 2013 09:18 UTC
Image
© Benjamin Levy, APPassengers from Asiana Airlines flight 214, many with their luggage, on the tarmac just moments after the plane crashed at the San Francisco International Airport in San Francisco on July 6.
Federal crash investigators revealed Wednesday that the pilot flying Asiana Airlines Flight 214 told them that he was temporarily blinded by a bright light when 500 feet above the ground.

Deborah Hersman, chairwoman of the National Transportation Safety Board, said it wasn't clear what could have caused the problem. Asked specifically whether it could have been a laser pointed from the ground, Hersman said she couldn't say what caused it.

"We need to understand exactly what that is," Hersman said. "It was a temporary issue."

Her comments came during a daily press briefing on the Saturday crash of Asiana Flight 214 that left two dead and 168 others injured.

Federal crash investigators previously said that pilots recognized they were too low and not lined up precisely with the runway while still 500 feet from the ground. At 500 feet, pilots recognized that they were low as the Boeing 777 was going 134 knots and was 34 seconds from impact. They continued to make adjustments until hitting the seawall at the end of the runway at San Francisco International Airport.

Evacuation of the plane didn't begin immediately. Airlines must certify that they can evacuate fully loaded planes within 90 seconds. But in this case, a pilot told flight attendants not to begin the evacuation immediately when the plane came to rest.

But after about 90 seconds, a flight attendant near the second door reported seeing fire outside a window in the middle of the plane. He relayed that information to the cockpit and the evacuation began.
Read More...
Bulb

What's in a name? It can influence everything from school grades and career choice to marriage partners and where you live


The Raw Story
Thu, 11 Jul 2013 06:37 UTC
Image
As Prince William and wife Catherine mull over names for their royal offspring, they would do well to heed mounting evidence that a name can influence everything from your school grades and career choice to who you marry and where you live.

Someone named Jacqueline or Steven will generally fare better in life than Latrina or Butch, say researchers, who also point to a phenomenon whereby the world's fastest man is called Bolt, a TV weather forecaster Sarah Blizzard, and the local librarian Mrs Storey.

"Your name can influence the assumptions that other people make about your character and background, and thus the chances you are given in life," says Richard Wiseman - a case in point, he's a professor of psychology at the University of Hertfordshire.

"It can also be a sort of self-fulfilling prophecy. If your name sounds intelligent, successful and attractive, you are more likely to act those things."

A flurry of studies in recent years have examined names as predictors of success.

Comment:
'Most unfortunate names' revealed
Baby names predictions for 2013 - 5 trends that will shock you

Read More...
Heart - Black

Human trafficking charges brought against Saudi Arabian princess in California

David Ferguson
Opposing Views
Thu, 11 Jul 2013 07:25 UTC
Image
Meshael Alayban
A Saudi Arabian princess was arrested Wednesday and charged with human trafficking in Santa Ana, California for allegedly holding up to five women against their will and forcing them to work for several families in an Orange County condominium complex. According to CBS News, police arrested 42-year-old Meshael Alayban, one of the six wives of Saudi Prince Abdulrahman bin Nasser bin Abdulaziz al Saud, and charged her with one count of human trafficking, a charge that could send her to prison for up to 12 years if convicted.

Orange County District Attorney Tony Rackauckas said that Alayban was arrested after a 30-year-old Kenyan woman contacted police saying that she was a victim of human trafficking. The woman, carrying a suitcase, flagged down a bus in Santa Ana on Tuesday night. She told the driver and fellow passengers that she was trying to escape a situation where she was being held against her will. The passengers urged her to contact police.

The woman said that she had been hired in Kenya in 2012 to work for Alayban's family. When she arrived in Saudi Arabia, she was stripped of her passport and forced to work more than double the amount of hours she agreed to for less than half the money.
Read More...
Arrow Down

India's poor 'duped' into clinical drug trials


Channel NewsAsia
Sun, 07 Jul 2013 14:22 UTC
Big Pharma
© AFP Photo/STRIndian heart patient Niranjan Lal Pathak (R) poses with his wife Bhankali Pathak at his residence in Indore. Many poor people in India like Niranjan are unwittingly taking part in clinical trials for drugs by Indian and multinational pharmaceutical companies.
New Delhi: Niranjan Lal Pathak couldn't believe his luck initially. When a doctor at a hospital in central India offered the factory watchman free treatment for a heart complaint, he jumped at the chance.

It was five years ago and the family of the 72-year-old says he didn't realise that the Maharaja Yashwantrao Hospital in the city of Indore was about to enroll him in a trial of an untested drug.

"We were told that our uncle will be treated under a special project," his nephew Alok Pathak told AFP over the phone from Indore, the largest city of Madhya Pradesh state.

"The doctor said we wouldn't have to spend a penny. There was only one condition placed before us -- that we should not approach local chemists if we ever ran out of his medicines but go straight to the doctor," he said.

A petition filed by the family in India's Supreme Court alleges that the drug tested on him was Atopaxar, developed by Japan-based pharmaceutical company Eisai and supposed to treat anxiety disorders.

His family and health rights group Swasthya Adhikaar Manch (Health Rights Platform) say that he would never have enrolled for the trial had he known that an untested drug would be administered.

The family also claims that the side-effects of the drug left Pathak suffering from dementia.

"He barely recognises us. His life is finished and so are our hopes to see him healthy and happy again," Alok told AFP, his voice choked with emotion.
Read More...
Heart - Black

Muslim bashing: Fox News host wants to ban new Mosques

Sarah Rae Fruchtnicht
Opposing Views
Thu, 11 Jul 2013 00:00 UTC
Image
Fox News host Bob Beckel wants to ban all new mosques, "until we got it worked out who is not a terrorist."

Beckel appeared on "The Five" on Tuesday and discussed the deadly "muslim gang" attack at Nigerian school last weekend.

"They are a bunch of thugs, murderers and they go after schools, Christian schools," Beckel said. "They've done this, they've burned them down. We don't do that here. If we burned down your mosque here, you'd be really upset."

At least 28 people were killed at a boarding school in Nigeria on Saturday. Suspected gunmen are believed to be members of Islamic Jihadist group Boko Haram, whose name translates to "Western education is sinful."

"Now, I've already got enough mail from you all, that you don't like what I say about not letting your students come here," Beckel said on "The Five." "If it were up to me, I would not have another mosque built in this country until we got it worked out who was not a terrorist."
Read More...
Dollar

Self-styled 'Robin Hood' jailed for 70 months


Stuff.co.nz
Thu, 11 Jul 2013 21:17 UTC
Corey
© Stuff.co.nzModern Robin Hood: Corey Donaldson caught on CCTV.
A US judge has handed down a nearly six-year prison sentence to an Australian man who says he robbed a bank so he could give money to the homeless.

The Wyoming judge sentenced 40-year-old Corey Donaldson to 70 months for bank robbery.

Donaldson claimed that he was justified in robbing more than US$140,000 from the US Bank in Jackson on New Year's Eve.

He has likened himself to Robin Hood and claims he gave much of the money to the homeless and staged the robbery to call attention to problems with the banking system.

In his closing address, he admitted he robbed the bank but asked the jury to find him not guilty because "it is the patriotic thing to do" and it was time to make a stand against banks.

His advice fell on deaf ears. The jury took just 50 minutes to convict him.
Read More...