Showing posts with label News. Show all posts
Showing posts with label News. Show all posts

Strong quake shakes buildings in Japan’s capital

A strong earthquake of magnitude 5.8 hit central Japan on Saturday morning, according to the US Geological Survey. The quake, which shook buildings in Tokyo, struck at 11:19 am (0219 GMT), 83 kilometres (52 miles) north of the capital and at a depth of 20 kilometres, the USGS said.

Operator Tokyo Electric Power Co (TEPCO) said the tremor did not disrupt the emergency crews who are working around the clock to cool crippled reactors at a nuclear plant hit by a devastating earthquake and tsunami last month. That earthquake - the biggest ever recorded in Japan -- struck on March 11, triggering a huge tsunami and leaving 13,591 people dead, with another 14,497 still unaccounted for.

Tens of thousands of people lost their homes, while many others were forced to evacuate after a series of explosions at the Fukushima Daiichi nuclear plant sent radiation spewing into the air.

Mohandas Pai, Infosys Technologies' HR director resigns from board


Infosys' director incharge, Human Resource and Administration, Mohandas Pai resigned on Friday from the board of the company with effect from June 11, 2011. Infosys' board of directors will meet on April 30 to finalise plans for the company's leadership as chairman NR Narayan Murthy retires in August 2011.

Former Microsoft India head, Ravi Venkatesan was appointed as additional director on the board. In the middle of its biggest management transition ever since Infosys was founded, the company is aiming for a larger share of revenue from retail, banking and healthcare customers by shifting the roles of leaders handling multiple business units.

Pai had been in a finance role as Chief Financial Officer of Infosys since 1994, and later took responsibility for the critical functions of human resources and education. He is also a well-known public face and has been part of various committees such as the Kelkar committee for reforming direct taxes and is currently on the SEBI board
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Japan nuclear disaster tops scale


Japan's prime minister vowed to wind down the month-long crisis at the Fukushima Daiichi power plant "at all costs" Tuesday after his government officially designated the situation there a Chernobyl-level nuclear accident.

Prime Minister Naoto Kan said he wants the plant's owner, the Tokyo Electric Power Company, to produce a timetable for bringing the disaster to an end, "and they will be doing that soon." And a day after his government warned that thousands more people would need to be evacuated from the surrounding region, he pledged to provide jobs, housing and education for those uprooted by the accident.


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Magnitude 6.6-quake jolts Japan coast


Fires burned in northeastern Japan Monday evening after a powerful earthquake rattled the region, sending a landslide into Iwaki City, authorities said. A preliminary estimate put the quake's magnitude at 7.1, which was later lowered to 6.6, according to the U.S. Geological Survey. A series of smaller quakes continued to shake the region. Residents in Tokyo also felt the jolts. A tsunami warning issued by Japan's Meteorological Agency was later canceled.

Monday's initial quake was centered about 164 kilometers (101 miles) northeast of Tokyo, or about 50 kilometers (31 miles) southwest of the crippled Fukushima Daiichi nuclear plant. Workers at the plant were asked to evacuate for a time, but later returned to resume their efforts to cool the troubled nuclear facility. The Tohoku Electric Power Company said 220,000 households and businesses in Fukushima were without power after Monday's quake, which came a month after a deadly magnitude-9 quake and tsunami devastated the island nation.

Japan set to extend nuclear evacuation zone


Japan plans to extend the evacuation zone around its crippled nuclear plant because of high radiation levels, local media reported Monday, with engineers no closer to regaining control of six reactors hit by a giant tsunami one month ago. Concern at Japan's inability contain its nuclear crisis, caused by a March 11 earthquake and tsunami, is mounting with Prime Minister Naoto Kan's ruling party suffering embarrassing losses in local elections Sunday and neighboring China and South Korea voicing criticism. Engineers at the damaged Fukushima Daiichi plant north of Tokyo said Sunday they were no closer to restoring the plant's cooling system which is critical if overheated fuel rods are to be cooled and the six reactors brought under control. They are hoping to stop pumping radioactive water into the ocean Monday, days later than planned.

Four weeks after the worst nuclear crisis since Chernobyl quarter of a century ago, the government was moving to extend a 20 km evacuation zone due to high levels of radiation, the Asahi newspaper reported. The government has so far refused to widen the zone, despite being urged to by the International Atomic Energy Agency and countries like the United States and Australia advising its citizens to stay 80 kms away from the plant.


South Korea schools shut over radioactive rain

Many South Korean schools have cancelled classes as officials scrambled to quell fears that rain contained radioactive material from Japan's stricken nuclear plant. More than 130 primary schools and kindergartens in Gyeonggi province surrounding the capital Seoul cancelled or cut classes today after rain began falling on orders from the provincial education office. An office spokesman called it part of "preemptive measures for the safety of students". The office had told schools on Wednesday to cancel or shorten classes due to "growing anxiety among students and parents over conflicting claims on the safety of radiation exposure". Schools in remote areas, where students have a long walk to class, were particularly encouraged to cancel activities. At schools which stayed open, teachers were advised to suspend outdoor activities.

Complaints from parents mounted on the website of Seoul city's education office, which refused to cancel classes and called for a calm response to the fears. "Please order class cancellation. I'm worried to death about my kid and can't sleep," said one posting. Education authorities in North Chungcheong province south of Gyeonggi postponed football, baseball and other sporting events. Concern grew in the nation closest to Japan after the weather agency said on Monday that radioactive material from the crippled Fukushima nuclear plant may be carried to the peninsula by south-easterly winds. The amount of radioactive material contained in the rainfall is too tiny to pose any health threat, the prime minister's office said today, calling for education offices to refrain from "making parents nervous".


U.S. to stop using strike aircraft as fighting in Libya rages on

The use of U.S. strike aircraft in Libya is set to expire Monday as uncertainty lingers about whether Western allies will arm opposition members trying to oust Libyan ruler Moammar Gadhafi. Over the weekend, fierce destruction permeated the city of Misrata, which has been choked off by pro-Gadhafi forces surrounding the city. "We need a lot of help in Misrata. There's so much death there," said Mustafa Abdul Hamali, a 46-year-old taxi driver who lost half of a leg. "I was driving in my car with my wife, and my car just blew up. I don't know what happened." Khalid Moteridi, a 32-year-old businessman-turned-rebel fighter, said the situation in Libya's third-largest city has turned dire.

"It¹s a tragedy by all means," he said. "No electricity, no food, no water. We¹re trapped from all sides by the Gadhafi forces." A doctor in Misrata told CNN government forces shelled a clinic, leaving one dead and 15 injured on Sunday. Last week, a hospital official said 398 people have been killed since the Libyan conflict began last month. He feared there were more deaths that his hospital didn't know about. Some rebels from Misrata got a bit of a reprieve Sunday, when a Turkish hospital ship picked up more than 300 of the wounded fighters. Their injuries included amputated limbs, broken bones and shrapnel wounds.

Obama holds up a document of Republican solutions

WASHINGTON — President Barack Obama who rocketed to the White House promising "change you can believe in," is now telling voters they shouldn't change a thing.

His message for the fall elections, which are looking ominous for his Democrats, is that Republicans caused the nation's economic troubles, but he and the Democrats are starting to fix them. So stick with the Democrats and don't go back to the GOP.

"This is a choice between the policies that led us into the mess or the policies that are leading out of the mess," Obama said recently in Las Vegas.

Trouble is, it's a tough sell to voters who've seen little progress.

Unemployment is stuck near double digits and polls show many voters have decided Obama's policies are to blame, not his predecessor's.

Obama often frames the argument by saying that Republicans had their chance to drive, then drove the car into a ditch and shouldn't get the keys back. But voters may be concluding that Democrats, who control the White House and both chambers of Congress, have had their chance at the wheel, too, and haven't gotten very far.

Obama We made enormous progress this week

President Obama did a victory lap of sorts today, trumpeting three new laws approved this week that will help "repair the damage to our economy from this recession:" New financial firm regulations, an anti-government waste initiative, and an extension of unemployment benefits.

"We made enormous progress this week on Wall Street reform, on making sure that we're eliminating waste and abuse in government, and in providing immediate assistance to people who are out there looking for work," Obama said during brief remarks at the White House.

The president went on to urge Congress to pass a new loan program for small business owners so they can hire more people. "Our goal is to make sure that people who are looking for a job can find a job," said Obama, who is currently coping with an unemployment rate of 9.5%.

Senate Republicans, meanwhile, had a different interpretation of Obama's domestic program, saying it has actually slowed economic recovery.

"For more than a year and a half, the President and his Democrat allies on Capitol Hill have pushed an anti-business, anti-jobs agenda on the American people in the form of one massive government intrusion after another," said Senate Minority Leader Mitch McConnell, R-Ky.

Senate Democrats abandon comprehensive energy bill

Senate Democrats on Thursday abandoned plans to pass an energy bill that caps emissions of carbon dioxide, saying Republicans refuse to support the measure.

Senate Majority Leader Harry Reid said no Republican was willing to back a comprehensive energy bill, a development he called "terribly disappointing."

Democrats have been trying for more than a year to pass a plan that charges utilities and other major polluters for their heat-trapping carbon emissions, which contribute to global warming. They're also abandoning a compromise plan to limit emissions only from utilities that also failed to attract the 60 votes needed to advance it in the 100-member Senate.

Reid and other Democrats said they would focus on a narrower bill that responds to the oil spill in the Gulf of Mexico and improves energy efficiency.

"We've always known from day one that to pass comprehensive energy reform, you've got to have 60 votes," said Sen. John Kerry, D-Mass., the bill's lead sponsor. "As we stand here today we don't have one Republican vote."

Obama urges action on unemployment

Barack Obama urged Republican lawmakers to support a bill that would extend emergency benefits to millions of unemployed Americans on Monday. In a press conference at the White House Rose Garden he blasted Republican critics for their "lack of faith in the American people."

"These are honest, decent, hard-working folks who have fallen on hard times through no fault of their own," Obama said. "The same people who didn't have any problems spending money on tax breaks for the richest Americans are saying we shouldn't offer benefits to middle-class Americans."

Unemployment in the United States is at 9.5 per cent, and benefits for millions of Americans have dried up in recent months. The issue of temporarily extending emergency unemployment benefits has come up three times in recent weeks, but Republican senators have blocked it each time.

Obama has described the bill as crucial to rebuilding the economy, but Republican critics say they won't support it unless it is paid for through the budget and not through deficit spending.

"It's time to stop holding workers laid off in this recession hostage to Washington politics," Obama urged.

U.S. Supreme Court nominee nears confirmation

U.S. Supreme Court nominee Elena Kagan won approval by the Senate judiciary committee on Tuesday, moving her one step closer to final confirmation by the full Senate.

The committee voted 13 to 6 in favour of her nomination. She is expected to be confirmed by the full Senate as early as next week to succeed Justice John Paul Stevens, who is retiring.

Though just one Republican, Senator Lindsay Graham, voted in Kagan's favour, President Barack Obama praised the vote as "a bipartisan affirmation of Kagan's strong performance during her confirmation hearings" in June.

Before the vote, each of the 19 committee members voiced support or concerns about Kagan, currently the Obama administration's Solicitor General and a former dean of the Harvard Law School.

If confirmed by the full Senate, Kagan, 50, would become the third female justice on the nine-member court — joining Ruth Bader-Ginsburg and Sonia Sotomayor — and only the fourth in U.S. history.

For that, "her confirmation will be a milestone that we can all be proud of," said Senator Herb Kohl, of Wisconsin. "She will provide exemplary public service to our nation."

Kagan appeared to receive universal praise for her keen intellect and command of the law

Sarah Palin's war chest points to 2012 presidential bid



Sarah Palin's efforts to raise her profile and broaden her support suggest she is preparing for a tilt at the White House in 2012.


Newly published election spending figures show Sarah Palin ended the last quarter with a war chest of more than $1m, suggesting gathering momentum for a run at the White House in 2012.

Her political action committee, a body for raising and distributing election cash, raised $866,000 in the three months from April 1, the most since it was formed in January 2009. She spent about $742,000 over the quarter, most of it on building up her political profile and base support.

Palin, who enjoys the support of the Tea Party and other grassroots activists but is distrusted by the Republican party establishment, has not yet said whether she will stand as a candidate. She and other potential rivals for the Republican nomination would normally begin to make their intentions clear early next year, in the wake of November's Congressional mid-term elections.

But a breakdown of money raised and spent by Palin suggests she is putting in place the political framework for a bid. She spent almost twice as much as in any previous quarter, much of it on speechwriters, private jets for public appearances, and hiring consultants to advise her on domestic and foreign policy, which were embarrassing weaknesses during her vice-presidential run in 2008.

She is also taking on more staff, including for the first time someone to keep control of her schedule. Until now, her organisation has tended to be chaotic.

Barack Obama's crackdown bill on Wall Street wins Senate backing

Barack Obama has received a much-needed boost after the US Senate backed the biggest reform of Wall Street since the Great Depression.

The bill allows Obama to claim another major piece of legislation to put alongside the economic stimulus bill passed last year, which stands comparison with Roosevelt's New Deal, and the healthcare bill earlier this year, which achieved a goal that had eluded previous presidents.

It helps him counter accusations that his presidency is in danger of becoming an empty one, comparable to that of Jimmy Carter, who had little to show for his four years in office.

The bill, which could be on Obama's desk for signing on Friday or early next week, is intended to deal with many of the issues that led to recession in the US: dodgy mortgages, easy credit cards, and limited regulation of banking and Wall Street.

It posed a dilemma for the Republicans, caught between their traditional close ties with the financial industry and public anger against Wall Street, but in the end most voted against it. Lobbying groups on behalf of the financial industry mounted one of the most expensive campaigns in US election history against the bill.

Although some Democrats complain the bill does not go nearly far enough in regulating Wall Street, the Obama administration hopes it will help address some of the widespread public anger at bankers and financiers.

Obama picks adviser to cut deficit

WASHINGTON — President Obama yesterday tapped veteran adviser Jacob “Jack’’ Lew, former staffer to Bay State lawmakers, to head the Office of Management and Budget.

Lew, who worked for Representative Joseph Moakley and former House speaker Thomas P. “Tip’’ O’Neill in the 1970s and ’80s, has a long record of public service, serving as both deputy director and director of OMB during the Clinton administration.

The 54-year-old Lew is currently a top aide to another Clinton — Secretary of State Hillary Rodham Clinton — and would replace outgoing OMB director Peter Orszag.

“I was actually worried that Hillary would not let him go,’’ Obama said in the Diplomatic Reception Room at the White House yesterday, introducing Lew. “I had to trade a number of No. 1 draft picks to get Jack back at OMB.’’

When he worked for Bill Clinton, Lew presided over a substantial budget surplus.

If he goes back to his old job, Lew will have to wrangle with the biggest budget deficit in history, forcing him to look for more cuts and revenues to reach the president’s ultimate goal of a reduced deficit.

“Jack’s challenge over the next few years is to use his extraordinary skill and experience to cut down that deficit and put our nation back on a fiscally responsible path. And I have the utmost faith in his ability to achieve this goal as a central member of our economic team,’’ Obama said.

Senate Budget Committee chairman Kent Conrad, Democrat of North Dakota, called Lew “a superb choice’’ and a person of “the highest integrity.’’

“He knows how to make the tough choices. And he knows how to reach across the aisle to find bipartisan solutions,’’ Conrad said.

Senate passes U.S. financial reform bill


The U.S. Senate passed landmark legislation on Thursday night to further regulate banks and Wall Street in what is considered the largest attempt to overhaul the U.S. financial system since the 1930s. The bill, which passed by a 59-39 vote, must now be merged with a House of Representatives version.

Earlier, U.S. President Barack Obama said financial industry lobbyists failed in their attempt to block the vote. Obama said there is more work ahead but he will ensure the final bill will be effective and responsive.

"Our goal is not to punish the banks but to protect the larger economy and the American people from the kind of upheavals that we've seen in the past few years," Obama said.

The bill is seen a major victory for Obama, coming two months after his health-care overhaul was signed into law.

The legislation is the most sweeping tightening of the rules for Wall Street since the Great Depression. It calls for new ways to watch for risks in the financial system and makes it easier to liquidate large, failing financial firms.

It also writes new rules for complex securities blamed for helping precipitate the economic crisis in 2008 and creates a new agency assigned to protect consumers from potentially dodgy financial products, including mortgages.

Only two Democrats voted against the bill. Four Republicans broke ranks with their party to support it. Twice the Senate had to beat back efforts by Republicans to delay the bill before achieving final passage.

"The decisions we've made will have an impact on the lives of Americans for decades to come," said Alabama Republican Sen. Richard Shelby, who voted against the legislation.

"Judgment will not be rendered by self-congratulatory press releases, but rather by the marketplace. And the marketplace does not give credit for good intentions."

Michigan school wins Obama as graduation speaker

KALAMAZOO, Mich. -- A school in western Michigan has won a contest to have President Barack Obama make its commencement address this spring.

Kalamazoo Central High School was one of three finalists in the Race to the Top High School Commencement Challenge. Education Secretary Arne Duncan announced the winner Tuesday.

The school said Obama will speak June 10.

Kalamazoo Central High is part of Kalamazoo Public Schools, which provides scholarships covering 65 percent to 100 percent of a student's college tuition for four years.

The two other finalists were Cincinnati's Clark Montessori Junior High and High School and the Denver School of Science and Technology.

Talking up the economy, visiting the Secret Service


Good morning from The Oval. On this day in 1789, George Washington took the oath of office as the nation's first president.Today, the 44th president talks about the economy and pays tribute to the Secret Service.

In the morning, President Obama makes a statement at the White House about first-quarter economic growth numbers. In the afternoon, Obama travels to the Maryland suburbs to visit the Secret Service training facility.

The president seeks "the opportunity to thank some of the men and women who have worked so hard and made so many sacrifices to protect him and his family," says the White House schedule.

Obama also has a busy in-box. Among the items:

The Gulf of Mexico oil slick is spreading to the coasts of five states, report Rick Jervis and Brian Winter of USA TODAY.

Obama -- seeking to avoid the kinds of attacks that dogged George W. Bush after Hurricane Katrina -- is stepping up the administration's response to the environmental disaster.

The Justice Department has reportedly opened a criminal investigation into Goldman Sachs transactions.

The first lawsuits have been filed against the Arizona immigration law; USA TODAY's Kevin Johnson and Joan Biskupic look at the legal aspects of the debate. Obama eulogized civil rights leader Dorothy Height yesterday, writes USA TODAY's Mimi Hall.

The White House is enjoying the Republican turmoil in Florida, as Gov. Charlie Crist leaves the party to run for the Senate as an independent, reports John Fritze of USA TODAY. A new poll shows that most Americans want a judge for the Supreme Court, not a politician.

And it's a celebrity kind of weekend in Washington, as the town prepares for the White House Correspondents' Dinner on Saturday. Talk-show host Jay Leno and President Obama will both try their hand at political humor.

There's no fooling around here at The Oval, just straight reporting on presidential activities. Have a good day, a good weekend, and be careful out there.

Senate Republicans block finance bill debate

Republicans in the U.S. Senate garnered enough votes Monday to block debate of a financial regulation reform bill that the Obama administration believes would prevent a repeat of the 2008 financial meltdown.

The 57-41 vote failed to get the 60 supporters required to proceed on the regulatory overhaul; one Democrat, Ben Nelson of Nebraska, voted with the Republicans.

The vote will send lawmakers back to the negotiating table to hammer out a bipartisan compromise with amended legislation expected to return to the Senate floor soon.

President Barack Obama and the Democrats want to tighten the rules on banks and capital markets to prevent a repeat of the 2008 financial crisis, which led to the great recession.

Many Republicans agree with a need for new bank regulations but oppose the Democrats' Restoring American Financial Stability Act.

Among numerous stipulations, the proposed bill would provide shareholders with a say on pay and corporate affairs with a non-binding vote on executive compensation and director nominations.

And hedge funds with values in excess of $100 million US would be required to register and disclose financial data. Currently there are no such stipulations on the shadowy institutions.

Obama welcomes champion NY Yankees to White House

WASHINGTON -- President Barack Obama celebrated the world champion Yankees on Monday for their heroics and character - and bemoaned that his Chicago White Sox couldn't match New York's remarkable record of success.

In a jam-packed ceremony in the East Room that was part pep rally, the president pointed out that the last time the Yankees - winners of 27 titles - were toasted at the White House was 2001.

"It's been nine years since your last title - which must have felt like eternity for Yankee fans. I think other teams would be just fine with a spell like that. The Cubs, for example," Obama said, drawing laughs from players, coaches, members of his Cabinet and Congress and other guests. He added that his White Sox have gotten close, including a title in 2005.

The Yankees won the World Series in six games last year, defeating the Philadelphia Phillies. New York Manager Joe Girardi presented Obama with a signed Yankees' jersey with the No. 27.

The White House visit was the fifth for the Yankees core four - Derek Jeter, Mariano Rivera, Andy Pettitte and Jorge Posada - who have a handful of championship rings. They've met three presidents - Bill Clinton in the 1990s, George W. Bush in 2001 and now Obama.

Obama praised the players for their off-field work, from a scholarship that first baseman Mark Teixeira established at his high school with a $75,000 check, to catcher Posada's work on a support network for families with ailing children to shortstop Jeter's sportsmanship.

Earlier in the day, members of the team visited war wounded at Walter Reed Army Medical Center, which several players described as a sobering experience. Third baseman Alex Rodriguez, who wore his championship ring, called the servicemembers the "real heroes" and pitcher Andy Pettitte hailed their sacrifice. Pettitte said even a few Boston Red Sox fans among the wounded appreciated the Yankee visit - though they kept their Red Sox caps on.