Author: Admin

Monday, June 30, 2014

State Bank of India (SBI) and Bank of Baroda (BoB), two of the largest public sector banks of India, proposed on Saturday their gold deposits should be allowed to count toward their state-mandated cash reserve ratio (CRR) or statutory liquidity ratio (SLR).

Arundhati Bhattacharya, the chairperson of SBI, made the proposal at a Gem & Jewellery Export Promotion Council event held in Mumbai on Saturday. She said the need for gold deposits to become more liquid has increased because gold import is putting a strain on the country’s current account deficit. S. S. Mundra, Chairperson and managing director of BoB, agreed and said it would help bringing gold into the more productive sectors of the economy.

Bhattacharya added SBI has no longer any incentive to run its gold deposit scheme as it cannot fully deploy the assets, noting SBI is the party most involved with gold deposits in India. G. S. Sandhu, Union financial services secretary, also at the event, responded that the government is looking for ways to monetize the gold held by the public, as import of gold can strain the current account deficit and foreign exchange reserves.

Currently, the Reserve Bank of India has set the CRR at 4% and the SLR at 22.5%. SLR is the portion of deposits that must be invested in recognized safe securities and assets.

Thursday, March 25, 2010

According to the Saudi Arabian interior ministry, over 100 people in the country have been arrested on suspicion of links to the al-Qaeda terrorist group.

A statement, which was read read out over television, was released by the government on Wednesday. It said the arrested people were suspected of plotting attacks on security and oil installations. Members from three total cells were seized — 101 from one large cell, and six apiece from two smaller ones. Cameras, computers, and weapons were also confiscated by officials.

The statement reported that, out of the large cell, 51 members were Yemenis and 47 members Saudis; a Bangladeshi, an Eritrean, and a Somali were the rest of the group. The other cells consisted of eleven Saudis and a Yemeni.

“The network and the two cells were targeting the oil facilities in the Eastern Province and they had plans that were about to be implemented,” said ministry spokesman Mansour al-Turki, adding that the groups had links to an affiliate for al-Qaeda in Yemen.

Sunday, January 18, 2009

A United States Army UH-60 Black Hawk helicopter crashed Monday (before 3:00 pm CST) after takeoff at Duncan Field at Campus of Texas A&M University, during a routine mission flight shuttling cadets from the university to Camp Swift. Two active-duty soldiers were killed in the crash, and four Army National Guard soldiers were injured.

Second Lt. Zachary Cook, 22, a native of Lufkin, Texas and a December 2008 graduate of Texas A&M University, was killed in the incident. Cook was a member of the Reserve Officers Training Corps cadre at Texas A&M University and also graduated from Lufkin High School. U.S. Rep. Chet Edwards on Wednesday paid tribute to Cook on the floor of the U.S. Congress. “His loss brings a great sadness to his family and friends, the extended Texas A&M family, and the Army, all of us deprived of this patriotic citizen who was dedicated to serving our great nation in uniform,” he said. Edwards is a Democratic Party member of the United States House of Representatives from the 17th District of Texas, based about Waco.

The crash also killed Sgt. Charles C. Mitts, 42, of Spring, Texas. He died about 9 p.m. Wednesday night at Memorial Hermann Hospital, said hospital spokeswoman Ann Brimberry. Mitts was the oldest of five men on board the ill-fated helicopter. He was assigned to Iraq from September 2006 to September 2007 with Company C of the 1st Battalion, 108th Aviation Regiment, based in Topeka, Kansas. Mitts was posthumously promoted from his present rank, Chief Master Sgt. Gonda Moncada announced.

The three others on board the UH-60 Black Hawk were injured in the accident. The pilot, Chief Warrant Officer 2 Matthew J. Smith, 41, of Leander, and 1st Lt. Ellis W. Taylor, 31, of Buda, were in stable condition Thursday at Brooke Army Medical Center. Sgt. Richard D. Ravenscraft, 24, of Austin, also was initially listed as critical but upgraded to stable in College Station.

The accident is under investigation by the Combat Readiness/Safety Center in Fort Rucker, Alabama, home of the U.S. Army Aviation Center. “They have a reputation for extreme thoroughness and quickness,” said Texas Guard Capt. Adam Collett. The probe team will review the wrecked helicopter and debris scattered on Duncan Field next to Duncan Dining Hall, near the Corps of Cadets field on the school’s College Station campus, about 100 miles northwest of Houston, Texas. “Every piece the way it landed is still in place,” said Texas Army National Guard Chief Master Sgt. Gonda Moncada, adding that investigators began the expert examination of evidence Wednesday morning.

As part of a five-ship training exercise, the Blackhawk helicopter was performing a training demonstration for about 190 Corps of Cadets in the ROTC Rudder’s Rangers Annual Winter Field Training Exercises. It was also used to transfer the students to Duncan Field just off George Bush Drive. When the helicopter was attempting to take off, a rudder reportedly malfunctioned. “At first, it looked like he was hot-dogging and then very quickly it was obvious he was in trouble and not messing around. All of a sudden he dropped straight back down into the ground,” Scott Walker Walker, publications manager for the A&M Association of Former Students said. “There was a bunch of people on Duncan Field and everyone went running and diving for cover,” he added. The aircraft entered a rotational spin upon take off and plummeted down on its tail boom, with its cabin section largely intact.

The chopper will be transferred to the Austin Aviation Support Facility, where it is was based. Some parts of the Blackhawk will also be sent to the Corpus Christi Army Depot for testing, Officials with Texas Military Forces officials said.

“Our thoughts and prayers go to the crew members involved in this tragedy, and especially to the family and friends of the crew member who reportedly died as a result of injuries sustained in the crash,” A&M President Elsa Murano stated.

The UH-60 Black Hawk is a four-bladed, twin-engine, medium-lift utility helicopter manufactured by Sikorsky Aircraft. It is a utility tactical transport helicopter that replaces the UH-1 “Huey” and has been in use since 1979.It was based at the Austin Army Aviation Support Facility at Austin-Bergstrom International Airport. The aircraft’s soldiers came from Austin and San Antonio. They were part of the 36th Combat Aviation Brigade, at Austin’s Camp Mabry.

The Campus of Texas A&M University, also known as ‘Aggieland’, is located in College Station, Texas, USA. College Station is a city in Brazos County, Texas, situated in Central Texas. It is located in the heart of the Brazos Valley. Aggieland is centrally located within of three of the 10 largest cities in the United States and 75% of the Texas and Louisiana populations. Southside of the campus contains halls both for the Corps of Cadets members and “non-regs”. Facilities for the Corps of Cadets are located in the Quadrangle, or “The Quad”, an area consisting of dormitories, Duncan Dining Hall, and the Corps training fields.

Friday, April 2, 2010

Jack Diesing Sr., former chairman of the College World Series has died at the age of 92. His son announced the cause of death as complications from Parkinson’s disease. Diesing was chairman of the series from 1963 until 2002.

Diesing helped the tournament become one of the most successful college events in the United States. He became chairman in 1963 after his boss at Brandies department store died and passed on his duties to Diesing, one of which was the chairman role.

Before taking the role the series had only made a profit in five of its fourteen years. Under Diesing’s leadership the series never made a loss. During his time as chairman he also negotiated a long term contract with the NCAA and lengthened the series from 5 to 10 games.

Diesing’s son, Jack Diesing Jr., released a statement on his fathers death saying “My dad will be missed by a lot of people, but he won’t be forgotten”. He continued to say that his goals were to make “Omaha a better community” and to secure the “CWS to mantain its legacy”.

At the time of his death Diesing was still chairman emeritus of College World Series of Omaha Inc., a non-profit organization that helped with the coordination of the series.

Thursday, July 1, 2010

The US House of Representatives passed a significant overhaul of financial regulations that strengthens the government’s hold on banks and also creates a new federal agency to oversee consumer lending on Wednesday.

“Never again, never again should Wall Street greed bring such suffering to our country,” said House Majority Leader Steny Hoyer, D-MD after the bill was passed by the House.

The House vote, which was mainly split over party lines, had 237 representatives in favor and 192 opposed. Only three Republicans voted for the bill, though this was an increase from December, when no Republicans voted for the previous version of the bill. This new bill combines the old December bill with a newer one passed by the more conservative Senate last month.

But even though the Senate passed their bill already, support for the one passed Wednesday looks a little uncertain. Since earlier this year the Democrats lost their 60 vote filibuster majority, they had to secure the votes of a few more moderate Republican senators to beat back procedural hurdles. Democrats struggled to win the full support of these senators even after backing down on a US$19 billion tax on big banks and hedge funds, which had been opposed by Republicans. This group of senators includes Scott Brown, Olympia Snowe and Susan Collins. All three voted for the Senate bill last month.

The $19 billion tax was inserted in the 2000 page plus bill late last week, which came as a surprise to many large banks. Brown initially objected to the tax, and threatened to vote against the entire bill if the tax was not removed. Instead, the new way of financing the bill’s cost will be using $11 billion in cash that came from ending the Troubled Asset Relief Program (TARP), a bill passed in 2008 that bailed out struggling banks, and also by increasing rates that banks pay to insure bank deposits to the Federal Deposit Insurance Corp. However, the increase in rates won’t affect banks with assets of less then $10 billion.

On Wednesday, Collins wrote a statement saying that she now planned to vote for the bill. However, Brown remained on the fence and said he would use recess during the week of July 4th to examine the details of the bill. He credited Senate Banking Committee Chairman Chris Dodd for “thinking outside the box” in coming with a new way to fund the bill.

Other Republicans were much more opposed to the bill, and attacked it for failing to place tighter restrictions on Fannie Mae and Freddie Mac, the mortgage giants that helped trigger the economic and housing meltdowns. House Republican leader John Boehner compared the new bill to using a nuclear weapon on an ant. In response, President Barack Obama said in a speech in Racine, Wisconsin that “[i]f the Republican leader is that out of touch with the struggles facing the American people, he should come here to Racine and ask people if they think the financial crisis was an ant.”

Wednesday, May 30, 2007

Finnish hard rock band Lordi are to star in a horror movie called Dark Floors.

The film is written in English and began filming earlier this month and will premier in Finland late this year. The film has a budget of 3-4 million euros.

Lordi are famed for their monster costumes and lyrical themes. The band, who won the Eurovision Song Contest 2006 with Hard Rock Hallelujah, stated at the time they would like to star in a horror movie. They were one of a number of people promoting their films at the Cannes Film Festival this weekend; a “Finland Bar” was set up near the area.

Mr Lordi, lead vocalist of the band, said at the time “In a way it is traditional horror film, but a traditional modern horror film. It has monsters obviously in it… It has some twists in the plot, of course, it has some horrific scenes and a horrific mood, it is more like a psychological thing… Lordi goes to the twilight zone, that is pretty much (what) you can say.” Lordi also performed at the Cannes festival.

Saturday, August 27, 2005

A cork was temporarily used to fix a fuel leak on a British passenger train. The leak was created when the train struck a concrete block that vandals left on the tracks.

Train service on the Paddington to Exeter line was stopped around Bath. This abrupt stop created a hole in the sightglass which helps monitor fuel levels. Worried the incident could cause a fuel leak, staff decided to use the cork of a wine bottle found in the buffet car, to block the hole. An incident that people worried would cause a delay of hours, was cleared up in around 20 minutes.

Sunday, July 1, 2007

A young woman was killed Friday night after an accident occurred on a gyrating ride at the Playland amusement park in Rye, New York in the United States. The woman, Gabriela Garin, was a worker at the amusement park, and had worked there for the past seven years.

The accident occurred near the end of Garin’s shift; as she was loading riders onto the ride. The ride’s new operator, unaware of Garin’s presence, started the ride while Garin was still on it. The new operator then noticed Garin, and shut the ride down in 20 seconds, but Garin had already been ejected from the ride and killed, according to a park spokesperson.

The ride is an attraction that spins people around in two-seat cars, inside a darkened tent to flashing lights and music.

This incident is not the first in the ride’s history. In 2004, a seven-year-old from Connecticut managed to free herself from the ride’s restraining bars, and climb onto the front edge of her seat. She fell soon after the ride started. A safety precaution was put in place after this incident, however, the spokesperson acknowledged that it was not followed when Garin was killed.

The company which owns the ride shut it down, along with two other rides it owns at the park.

This is the fourth fatality in the park’s history. The park features more than 50 rides, a pool, and a beach. It attracts more than 1 million visitors annually.

Wednesday, August 9, 2006

In testimony given before a U.S. military hearing, criminal investigator Benjamin Bierce narrated his account of how an incident involving five soldiers involved the serial rape of a 14-year-old Iraqi girl prior to shooting her. The hearing will determine whether four current U.S. soldiers have to face a court martial hearing; an additional former soldier allegedly involved in the incident, Steven D. Green, was recently discharged from the military and has pleaded not guilty to rape and murder charges in federal court in Kentucky.

According to Bierce, a U.S. Special Agent investigating the incident, the brutal attack which saw Abeer Qassim al-Janabi slain and her parents and younger sister murdered was premeditated. Citing a sworn statement from Army Specialist James Barker, the five accused were said to have plotted the rape whilst drinking whisky and playing cards.According to Agent Bierce, Spc. Barker said that Pte. Spielman grabbed the girl while Pte. Green seized her father and they then took them into the house and Sgt. Cortez and Spc. Barker followed them inside.

Pte. Green supposedly led the father, mother and younger sister into the bedroom and closed the door, while the teenage girl remained in the living room with the other Americans, Spc. Barker’s statement said.

Sgt. Cortez then allegedly pushed the girl to the floor, pulled up her dress and tore off her underwear while she was struggling, Bierce said, again citing Spc. Barker’s statement. Sgt. Cortez appeared to then rape Abeer and afterward, Spc. Barker tried to rape the girl, the statement said.

Then Pte. Green came out of the bedroom with an AK-47 rifle and announced: “They’re all dead. I just killed them,” according to Spc. Barker’s statement.

Then Sgt. Cortez held Abeer down while Pte. Green raped the girl; according to Spc. Barker’s statement. Pte. Green then picked up the AK-47 and shot Abeer once, waited, and then shot her a few more times, the U.S. official, Agent Bierce, said, quoting from Spc. Barker’s statement.

Spc. Barker said that he then poured kerosene lamp fuel on the girl’s body but Barker did not say who set it on fire.

Gary Griesmyer, another Special Agent, quoted Sgt. Cortez as telling him that the teenage girl was crying and talking in Arabic and that Spc. Barker told her to “shut up.”

Private Justin Watt testified that Pte. Howard told him before the incident that Pte. Green, Sgt. Cortez and Spc. Barker were planning to rape a girl, and Pte. Howard was going to be the lookout.

Watt testified that he heard Mr. Green say, “I want to kill and hurt a lot of Iraqis.” Green has been discharged from the military and has pleaded not guilty in a federal court in Kentucky where he will stand trial; he will not be facing a court martial regardless of what occurrs in the Baghdad hearing.

“If you have the power to make something right, you should do it. Investigation is not my job. But if something went down — something terrible like that — then it’s my obligation to come forward,” Watt said.

Watt also said life for some of the soldiers in the B Company, 1st Battalion, 502nd Infantry Regiment, was horrible while they were manning a military post in nearby Yusufiyah. Some lived in a “dilapidated, abandoned water treatment facility” he said.

Pfc. Watt, who is identified as the whistle-blowing soldier who disclosed the attack during a counseling session, also said; “I feared for my safety at the TCP (traffic control point). It’s like this, I find out that guys in my squad, guys I trusted with my life, are allegedly responsible for one of the most brutal rapes/murders I’ve ever seen. And everyone has a weapon and grenades.”

Pfc. Justin Cross testified that deadly attacks by insurgents sapped morale and raised combat stress in the U.S. Army unit that included the soldiers accused of raping and murdering Abeer. He said that the “mentally draining” living conditions of the combat unit was a factor.

“It drives you nuts. You feel like every step you might get blown up. You just hit a point where you’re like, ‘If I die today, I die.’ You’re just walking a death walk.” Pfc. Cross told the hearing.

An article 32 hearing, like this, seeks to determine if a soldiers should face court martial. Its similar to that of a preliminary hearing or a grand jury proceeding in civilian law.