Friday, December 30, 2011

Samoa to skip Friday, lose December 30th 2011 forever

As China?s influence in the Pacific rises, Samoa is planning to cancel Friday, going directly from Thursday to Saturday, to synchronize trade with China.

Here?s a telling tidbit for those who bewail America?s declining influence in the world: Samoa is skipping Friday to get closer to China.

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At midnight on Thursday, the Pacific island nation is doing the exact opposite of what it did in 1892, when it switched to the East of the international dateline and celebrated July 4 twice in order to fall more closely in line with Californian clocks. At the time, that made trading sense.

Today, though, ?we do a lot more business with New Zealand and Australia, China, and Pacific Rim countries,? said Samoan Prime Minister Tuilaepa Sailele Malielegaoi earlier this year, announcing the change.
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So Samoans, who currently live 20 miles east of the dateline, will go to sleep on Thursday night, skip Friday, and wake up on Saturday morning on the Asian side of the imaginary line. (American Samoa will stay where it is, timewise.)
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The 24 hour leap into the future will make trade with East Asia ?far, far easier,? Mr. Tuilaepa said.
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?They will lose the date of December 30th 2011 forever, but they will gain a lot of great business opportunities,? argued an article in Thursday?s edition of the ruling Chinese Communist party?s official organ, the People?s Daily.
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?The strategic guideline behind this change means that China?s influence in the southern Asia Pacific area is rising,? suggested an accompanying commentary.
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China?s trade with Samoa leaped from 13 million dollars in 2006 to 70 million dollars in 2010.
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China has been on friendly terms with Samoa since the island became one of the first in the region to recognize the People?s Republic of China in 1975, although it opened an embassy in Beijing only in 2009. Last month the Chinese ambassador opened a shiny new Beijing-financed government building in the Samoan capital, Apia, the latest in a series of such projects.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/pyU2_HCeONE/Samoa-to-skip-Friday-lose-December-30th-2011-forever

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Italy borrowing costs stay near record at sale (Reuters)

MILAN (Reuters) ? Italy's borrowing costs fell from recent record highs at a bond auction on Thursday but cautious investors still demanded a near 7 percent yield to buy 10-year debt, a level seen unsustainable over time for the euro zone's third-largest economy.

Traders said the European Central Bank stepped in after the auction to buy Italian bonds on the open market as investors worry about the country's ability to sell enough long-term debt ahead of large redemptions early next year.

The ECB's injection of nearly half a trillion euros of cheap funding for banks and a new Italian budget package this month have eased pressure on short-term debt, but longer-dated bonds still pose a challenge.

Italy raised 7 billion euros ($9 billion) of debt in thin holiday markets, just above the mid-point of its target range.

It sold the top planned amount of its 10-year benchmark bond but the yield was 6.98 percent, not far from a euro lifetime record of 7.56 percent a month ago.

The yield on the three-year BTP bond fell more markedly to 5.62 percent from a euro era record of 7.89 percent at an end-November auction. At the time, in a sign of acute market worries about Italy's ability to repay, the three-year yield was higher than the one on the longer maturity.

"Today's decline in the auction yield by 'just' about 60 basis points versus end-November in such a high-yield territory underscores that the genuine pressure on Italy is still tremendous, despite bold ECB actions that have given (short-term

debt) a big boost," said David Schnautz, a rate strategist at Commerzbank in London.

The fall in the three-year yield came after Italian six-month borrowing costs halved at an auction on Wednesday.

These were the first Italian debt sales since the ECB flooded euro zone banks with three-year funds and the Rome government overcame internal opposition to a radical pension reform as part of Italy's third budget package since the summer.

This week's auctions will settle in January and help towards

the Treasury's challenging gross funding target of around 450 billion euros has for next year.

In a push to keep investors buying Italian debt, a new technocrat government in Rome is planning to tackle Italy's chronic low-growth problems.

But markets look with concern at some 91 billion euros of Italian bonds coming due between January and April.

"Given the scale of its funding requirements, there are still big concerns about Italy's ability to get through 2012," said Nicholas Spiro of Spiro Sovereign Strategy. "Next quarter is going to be all about Italy."

While Italy can count on strong domestic support such as from retail investors at its short-term debt sales, its longer-dated bonds are more reliant on foreign buyers, giving a clearer picture of the market attitude towards the country's debt.

The ECB intervened after the sale as Italian 10-year yields remained locked above 7 percent on the secondary market. ($1 = 0.7724 euros)

(Additional reporting by London and Milan bonds team; Editing by Ruth Pitchford)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20111229/bs_nm/us_italy_bonds_auction

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Tuesday, December 27, 2011

China premier urges protection of farmers' rights (AP)

BEIJING ? Chinese Premier Wen Jiabao has urged officials to share profits from the development of rural land with the millions of farmers who have to give it up.

Wen's speech to officials at a work conference Tuesday comes a week after southern Chinese officials gave in to protesting villagers after a two-week standoff with police over a land dispute.

He says China can no longer sacrifice farmers' land rights for the sake of reducing the cost of urbanization and industrialization.

Last Wednesday, the village of Wukan called off protests that had driven out local officials after a provincial party official agreed to release detainees and return some confiscated land to farmers.

Land disputes cause tens of thousands of protests in China every year.

Source: http://us.rd.yahoo.com/dailynews/rss/china/*http%3A//news.yahoo.com/s/ap/20111227/ap_on_re_as/as_china_land_disputes

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Watch: President Obama Courts Youth Vote (ABC News)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/179387486?client_source=feed&format=rss

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Islamists kill dozens in Nigeria Christmas bombs (Reuters)

ABUJA (Reuters) ? Islamist militants set off bombs across in Nigeria on Christmas Day - three targeting churches including one that killed at least 27 people - raising fears that they are trying to ignite sectarian civil war.

The Boko Haram Islamist sect, which aims to impose sharia law across the country, claimed responsibility for the three church bombs, the second Christmas in a row the group has caused mass carnage with deadly bombings of churches. Security forces also blamed the sect for two other blasts in the north.

St Theresa's Catholic Church in Madala, a satellite town about 40 km (25 miles) from the center of the capital Abuja, was packed when the bomb exploded just outside.

"We were in the church with my family when we heard the explosion. I just ran out," Timothy Onyekwere told Reuters. "Now I don't even know where my children or my wife are. I don't know how many were killed but there were many dead."

Hours after the first bomb, blasts were reported at the Mountain of Fire and Miracles Church in the central, ethnically and religiously mixed town of Jos, and at a church in northern Yobe state at the town of Gadaka. Residents said many were wounded in Gadaka, but there were no immediate further details.

A suicide bomber killed four security officials at the State Security Service in one of the other bombs, which struck the northeastern town of Damaturu, police said. Residents heard two loud explosions and gunfire in the town.

A Reuters reporter at the church near Abuja saw the front roof had been destroyed, as had several houses nearby. Five burnt out cars were still smoldering. There were scenes of chaos, as shocked residents stared at the wreckage in disbelief.

"Mass just ended and people were rushing out of the church and suddenly I heard a loud sound: 'Gbam!' Cars were in flames and bodies littered everywhere," Nnana Nwachukwu told Reuters.

Father Christopher Barde, Assistant priest of the church, said: "The officials who counted told me they have picked up 27 bodies so far."

"I happen to also live close by the church. Help was very slow in coming to the injured," he said.

Police cordoned off the area around the church. Thousands of furious youths set up burning road blocks on the highway from Abuja leading to Nigeria's largely Muslim north.

Police and the military tried to disperse them by firing live rounds into the air with tear gas.

"We are so angry," shouted Kingsley Ukpabi, as a queue of hooting vehicles lined up behind his flaming barrage.

ATTACKS INCREASE

Boko Haram - which in the Hausa language spoken in northern Nigeria means "Western education is sinful" - is loosely modeled on the Taliban movement in Afghanistan.

It has emerged as the biggest security threat in Nigeria, a country of 160 million split evenly between Christians and Muslims, who for the most part live side by side in peace.

Boko Haram's low level insurgency used to be largely confined to northeastern Nigeria, but it has struck several parts of the north, center and the capital Abuja this year.

Last Christmas Eve, a series of bomb blasts around Jos killed 32 people, and other people died in attacks on two churches in the northeast.

The sophistication of the explosives it uses and the number of attacks it carries out have increased this year.

The sect was blamed for dozens of bombings and shootings in the north, and has claimed responsibility for two bombings in Abuja this year, including Nigeria's first suicide bombing, which killed at least 23 people at the U.N. headquarters.

Rights groups say more than 250 people have been killed by Boko Haram since July 2010.

At the church near Abuja, a wounded man whose legs were almost shattered to pieces by the blast was loaded onto a stretcher near an ambulance by security services.

"I'll survive," he said in a hushed voice.

The blast in Jos, a tinderbox of ethnic and sectarian tensions that sometimes sees deadly clashes between Muslims and Christians, was accompanied by a shooting spree by militants, who exchanged fire with local police, said Charles Ezeocha, special taskforce spokesman for Jos.

"We lost one policeman and we have made four arrests. I think we can use them to get more information and work on that," he said. Police found four other explosive devices in Jos, which they deactivated, he added.

President Goodluck Jonathan, a Christian from the south who is struggling to contain the threat of Islamist militancy, called the incidents "unfortunate" but said Boko Haram would "not be (around) for ever. It will end one day."

The White House condemned "this senseless violence and tragic loss of life on Christmas Day." A statement said: "We have been in contact with Nigerian officials about what initially appear to be terrorist acts and pledge to assist them in bringing those responsible to justice."

Vatican spokesman Father Federico Lombardi said the Vatican hoped "this senseless violence does not weaken the will of the Nigerian people to live peacefully and promote dialogue."

The attacks were condemned by a number of other countries, including Britain, France and Italy.

Gun battles between the security forces and Boko Haram killed at least 68 people Thursday and Friday in northern Nigeria, authorities and hospital sources said Saturday.

Boko Haram became active in about 2003 and is concentrated mainly in the northern Nigerian states of Yobe, Kano, Bauchi, Borno and Kaduna.

The group considers all who do not follow its strict ideology as infidels, whether they are Christian or Muslim. It demands the adoption of sharia, Islamic law, in all of Nigeria.

(Additional reporting by Tife Owolabi and Buhari Bello in Jos, Mike Oboh in Kano and a correspondent in Maiduguri; Writing by Tim Cocks; Editing by Peter Graff)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111225/wl_nm/us_nigeria_blast

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Monday, December 26, 2011

TrendsLondon: 'benidorm' & 'bungee' are now trending in #London http://t.co/mV2O93TO

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'Anonymous' hackers target US security think tank (AP)

LONDON ? The loose-knit hacking movement "Anonymous" claimed Sunday to have stolen thousands of credit card numbers and other personal information belonging to clients of U.S.-based security think tank Stratfor. One hacker said the goal was to pilfer funds from individuals' accounts to give away as Christmas donations, and some victims confirmed unauthorized transactions linked to their credit cards.

Anonymous boasted of stealing Stratfor's confidential client list, which includes entities ranging from Apple to the U.S. Air Force to the Miami Police Department, and mining it for more than 4,000 credit card numbers, passwords and home addresses.

"Not so private and secret anymore?" the group taunted in a message on Twitter, promising that the attack on Stratfor was just the beginning of a Christmas-inspired assault on a long list of targets.

Anonymous said the client list it posted was a small slice of the 200 gigabytes worth of plunder it stole from Stratfor and promised more leaks. It said it was able to get the credit details in part because Stratfor didn't bother encrypting them ? an easy-to-avoid blunder which, if true, would be a major embarrassment for any security-related company.

Austin, Texas-based Stratfor provides political, economic and military analysis to help clients reduce risk, according to a description on its YouTube page. It charges subscribers for its reports and analysis, delivered through the web, emails and videos.

Lt. Col. John Dorrian, public affairs officer for the Air Force, said that "for obvious reasons" the Air Force doesn't discuss specific vulnerabilities, threats or responses to them.

"The Air Force will continue to monitor the situation and, as always, take appropriate action as necessary to protect Air Force networks and information," he said in an email.

Miami Police Department spokesman Sgt. Freddie Cruz Jr. said that he could not confirm that the agency was a client of Stratfor, and he said he had not received any information about a security breach involving the police department.

It soon became clear that proprietary information about the companies and government agencies that subscribe to Stratfor's newsletters did not appear to be at any significant risk, and that the main threat was posed to individual employees.

Hours after publishing what it claimed was Stratfor's client list, Anonymous tweeted a link to encrypted files online with the names, addresses and account details.

"Not as many as you expected? Worry not, fellow pirates and robin hoods. These are just the "A"s," read a message posted online that encouraged readers to download a file of the hacked information.

It also linked to images online that it suggested were receipts for charitable donations made by the group manipulating the credit card data it stole.

"Thank you! Defense Intelligence Agency," read the text above one image that appeared to show a transaction summary indicating that an agency employee's information was used to donate $250 to a non-profit.

One receipt ? to the American Red Cross ? had Allen Barr's name on it.

Barr, of Austin, Texas, recently retired from the Texas Department of Banking and said he discovered last Friday that a total of $700 had been spent from his account. Barr, who has spent more than a decade dealing with cybercrime at banks, said five transactions were made in total.

"It was all charities, the Red Cross, CARE, Save the Children. So when the credit card company called my wife she wasn't sure whether I was just donating," said Barr, who wasn't aware until a reporter with the AP called that his information had been compromised when Stratfor's computers were hacked.

"It made me feel terrible. It made my wife feel terrible. We had to close the account."

Stratfor said in an email to members that it had suspended its servers and email after learning that its website had been hacked.

"We have reason to believe that the names of our corporate subscribers have been posted on other web sites," said the email, passed on to The Associated Press by subscribers. "We are diligently investigating the extent to which subscriber information may have been obtained."

The email, signed by Stratfor Chief Executive George Friedman, said the company is "working closely with law enforcement to identify who is behind the breach."

"Stratfor's relationship with its members and, in particular, the confidentiality of their subscriber information, are very important to Stratfor and me," Friedman wrote.

Repeated calls to Stratfor went unanswered Sunday and an answering machine thanked callers for contacting the "No. 1 source for global intelligence." Stratfor's website was down, with a banner saying "site is currently undergoing maintenance."

Wishing everyone a "Merry LulzXMas" ? a nod to its spinoff hacking group Lulz Security ? Anonymous also posted a link on Twitter to a site containing the email, phone number and credit number of a U.S. Homeland Security employee.

The employee, Cody Sultenfuss, said he had no warning before his details were posted.

"They took money I did not have," he told the AP in a series of emails, which did not specify the amount taken. "I think 'Why me?' I am not rich."

One member of the hacking group, who uses the handle AnonymousAbu on Twitter, claimed that more than 90,000 credit cards from law enforcement, the intelligence community and journalists ? "corporate/exec accounts of people like Fox" news ? had been hacked and used to "steal a million dollars" and make donations.

It was impossible to verify where credit card details were used. Fox News was not on the excerpted list of Stratfor members posted online, but other media organizations including MSNBC and Al-Jazeera English appeared in the file.

Anonymous warned it has "enough targets lined up to extend the fun fun fun of LulzXmas through the entire next week."

The group has previously claimed responsibility for attacks on companies such as Visa, MasterCard and PayPal, as well as others in the music industry and the Church of Scientology.

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Associated Press writers Jennifer Kway in Miami, Ramit Plushnick-Masti in Houston, Texas and Daniel Wagner in Washington, D.C. contributed to this report.

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Cassandra Vinograd can be reached at http://twitter.com/CassVinograd

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111225/ap_on_hi_te/eu_hacker_christmas

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