Karzai's U.S. visit a time for tough talk




The last time Presidents Obama and Karzai met was in May in Kabul, when they signed a pact regarding U.S. troop withdrawal.




STORY HIGHLIGHTS


  • Afghan President Karzai meeting with President Obama in Washington this week

  • Felbab-Brown: Afghan politics are corrupt; army not ready for 2014 troop pullout

  • She says Taliban, insurgents, splintered army, corrupt officials are all jockeying for power

  • U.S. needs to commit to helping Afghan security, she says, and insist corruption be wiped out




Editor's note: Vanda Felbab-Brown is a senior fellow in foreign policy at the Brookings Institution. Her latest book is "Aspiration and Ambivalence: Strategies and Realities of Counterinsurgency and State-Building in Afghanistan."


(CNN) -- Afghan President Hamid Karzai is meeting this week with President Obama in Washington amid increasing ambivalence in the United States about what to do about the war in Afghanistan.


Americans are tired of the war. Too much blood and treasure has been spent. The White House is grappling with troop numbers for 2013 and with the nature and scope of any U.S. mission after 2014. With the persisting corruption and poor governance of the Afghan government and Karzai's fear that the United States is preparing to abandon him, the relationship between Kabul and Washington has steadily deteriorated.


As the United States radically reduces its mission in Afghanistan, it will leave behind a stalled and perilous security situation and a likely severe economic downturn. Many Afghans expect a collapse into civil war, and few see their political system as legitimate.


Karzai and Obama face thorny issues such as the stalled negotiations with the Taliban. Recently, Kabul has persuaded Pakistan to release some Taliban prisoners to jump-start the negotiations, relegating the United States to the back seat. Much to the displeasure of the International Security Assistance Force, the Afghan government also plans to release several hundred Taliban-linked prisoners, although any real momentum in the negotiations is yet to take place.


U.S. may remove all triips from Afghanistan after 2014



Vanda Felbab-Brown

Vanda Felbab-Brown



Washington needs to be careful that negotiations are structured in a way that enhances Afghanistan's stability and is not merely a fig leaf for U.S. and NATO troop departure. Countering terrorism will be an important U.S. interest after 2014. The Taliban may have soured on al Qaeda, but fully breaking with the terror group is not in the Taliban's best interest. If negotiations give the insurgents de facto control of parts of the country, the Taliban will at best play it both ways: with the jihadists and with the United States.


Negotiations of a status-of-forces agreement after 2014 will also be on the table between Karzai and Obama. Immunity of U.S. soldiers from Afghan prosecution and control over detainees previously have been major sticking points, and any Afghan release of Taliban-linked prisoners will complicate that discussion.










Karzai has seemed determined to secure commitments from Washington to deliver military enablers until Afghan support forces have built up. The Afghan National Security Forces have improved but cannot function without international enablers -- in areas such as air support, medevac, intelligence and logistical assets and maintenance -- for several years to come. But Washington has signaled that it is contemplating very small troop levels after 2014, as low as 3,000. CNN reports that withdrawing all troops might even be considered.


Everyone is hedging their bets in light of the transition uncertainties and the real possibility of a major security meltdown after 2014. Afghan army commanders are leaking intelligence and weapons to insurgents; Afghan families are sending one son to join the army, one to the Taliban and one to the local warlord's militia.


With Afghan president's visit, nations' post-2014 future takes shape


Patronage networks pervade the Afghan forces, and a crucial question is whether they can avoid splintering along ethnic and patronage lines after 2014. If security forces do fall apart, the chances of Taliban control of large portions of the country and a civil war are much greater. Obama can use the summit to announce concrete measures -- such as providing enablers -- to demonstrate U.S. commitment to heading off a security meltdown. The United States and international security forces also need to strongly focus on countering the rifts within the Afghan army.


Assisting the Afghan army after 2014 is important. But even with better security, it is doubtful that Afghanistan can be stable without improvements in its government.


Afghanistan's political system is preoccupied with the 2014 elections. Corruption, serious crime, land theft and other usurpation of resources, nepotism, a lack of rule of law and exclusionary patronage networks afflict governance. Afghans crave accountability and justice and resent the current mafia-like rule. Whether the 2014 elections will usher in better leaders or trigger violent conflict is another huge question mark.


Emphasizing good governance, not sacrificing it to short-term military expediencies by embracing thuggish government officials, is as important as leaving Afghanistan in a measured and unrushed way -- one that doesn't jeopardize the fledgling institutional and security capacity that the country has managed to build up.


U.S. likely to keep thousands of troops in Afghanistan after NATO forces leave


Karzai has been deaf and blind to the reality that reducing corruption, improving governance and allowing for a more pluralistic political system are essential for Afghanistan's stability. His visit provides an opportunity to deliver the message again -- and strongly.


Follow us on Twitter @CNNOpinion


Join us on Facebook/CNNOpinion


The opinions in this commentary are solely those of Vanda Felbab-Brown.






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EU leaders want UK in union, but not treaty change






LONDON: European leaders on Wednesday stressed the importance of keeping Britain in the EU, but said they opposed treaty changes demanded by Prime Minister David Cameron.

"Britain is an essential part of the EU," Irish Prime Minister Enda Kenny said during a conference in Dublin marking the beginning of his country's six-month presidency of the bloc.

"Great Britain has great value and is a very important member of the EU," added EU President Herman Van Rompuy.

The two leaders highlighted the importance of the union for British businesses, saying that it was essential for them that Britain remained a full and active member.

A majority of Britons favour severing all ties with the union, according to polls, and Cameron is expected to deliver a speech within the next few days spelling out his views on the country's relationship with Brussels.

He insisted last year that he supported Britain's membership, but that he wanted to negotiate a "new agreement" which would allow it to opt out of certain directives.

Kenny and Van Rompuy both repeated their opposition to any treaty changes.

"I don't see a reopening of the treaties, I don't see an issue in treaty change for any individual countries," said the Irish prime minister.

Irish Deputy Prime Minister Eamon Gilmore stressed that the top concern of European citizens, "whether from Liverpool or Limerick", was unemployment.

Van Rompuy reiterated that it would be possible to change the treaties after the 2014 European elections, but added that he strongly supported deeper EU integration as opposed to an "a la carte" union.

He pointed out that there was already scope for increasing EU partnership.

"We don't need, at this stage, a treaty change," he said. "We can deliver for a deeper EU within the treaties."

- AFP/jc



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Wash your hands! Flu spreads fiercely across the U.S.






STORY HIGHLIGHTS


  • Boston mayor declares a public health emergency because of flu

  • Massachusetts General Hospital alone has already counted 532 cases of flu among patients

  • It's not too late to get a flu vaccine

  • In most cases, flu patients don't need to go to the emergency room




(CNN) -- The flu has been spreading fiercely across the United States, with more than half of states reporting widespread activity. The season has started earlier, and cases are more severe than last year, health officials say.


The latest Centers for Disease Control and Prevention flu advisory report, which covers the week of December 23 to 29, suggests that 41 states have widespread influenza activity, which was an increase of 31 states from the previous week. The CDC will issue an update on the flu situation Friday.


There have so far been 2,257 hospitalizations associated with laboratory-confirmed flu virus, the CDC report said. Among children, there have been 18 deaths reported during this season.










In Massachusetts, one of the 29 states that the CDC has identified as having high activity of influenza-like illness, Boston Mayor Thomas Menino declared a public health emergency in the city because of the flu.


Since October 1, there have been 700 confirmed influenza cases among Boston residents, according to Menino's office; that's 10 times more than were seen in all of last year's flu season.


Menino is collaborating with the Boston Public Health Commission and community health centers to offer free vaccination clinics this weekend. The mayor urged residents to stay home from work or school if they are sick, and to get their flu shots.


"This is the worst flu season we've seen since 2009, and people should take the threat of flu seriously," Menino said in a statement. More than 4% of emergency department visits at Boston hospitals are from flu cases, up from 1% during non-flu season.


Experts: Flu spreading faster than usual


Massachusetts General Hospital has already counted 532 cases of flu among patients, which is more than the hospital saw in any of the previous three flu seasons, said spokeswoman Kristen Stanton.


Signs posted throughout the hospital discourage anyone from visiting who has a cough or fever, she said, and anyone who does visit with those symptoms must wear a mask and perform hand hygiene. All staff must wear a mask when providing care for possible flu cases. Any staff member who has not been vaccinated must wear a mask while caring for any patient.



Pennsylvania has had 22 flu-related deaths so far this season, according to data from the state's Department of Health. Most of these deaths occurred among people older than 65, but the fatalities included two individuals younger than 50 who were otherwise healthy.


Lehigh Valley Hospital-Cedar Crest in Allentown, Pennsylvania, set up a heated tent outside the hospital to serve as a clinic. Anyone with mild flu symptoms can be treated quickly and discharged, isolated from more serious cases. The hospital has been seeing an additional 80 to 100 patients with flu-like symptoms daily, officials told CNN affiliate WPVI.


In Michigan, there have been four pediatric deaths related to the flu, said Angela Minicuci, public information officer for the Michigan Department of Community Health.


Dr. David Zich, internal medicine and emergency medicine physician at Northwestern Memorial Hospital in Chicago, said this is the worst flu season he's seen in his 12 years at his hospital, in terms of the concentration of patients.


Northwestern Memorial Hospital is on "bypass," which happens when it is beyond capacity because of an influx of patients, such as during flu season.


That means advanced-life support ambulances with patients who are stable are referred to the next closest hospital, no more than five minutes away, Zich said, and transfers are not accepted from outside hospitals. For everyone else, they are open for business.


"The majority of flu patients are sent home, with very little else done, so we can handle that," he said.


FDA approves new type of flu shot


Why so many cases?


Zich theorizes that one reason there are so many flu cases is that the heart of the flu season coincided with the December holiday season, meaning many people were already sleep-deprived from parties and were more likely to get sick.


Those who went to gatherings of family or friends may have already begun to feel sick, and spread the virus to others. People are generally contagious the day before symptoms start, and for five days after becoming sick, according to the Centers for Disease Control and Prevention.


Last flu season was light, but this year has brought with it some "ominous signs," Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases at the National Institutes of Health, told CNN's Wolf Blitzer Tuesday.


Flu cases started going up early, toward the end of November and the beginning of December, he said.


"And it went up on a pretty steep trajectory," he said. "The last time we saw that happen that way was the flu season of 2003 and 2004, which turned out to be a bad flu season.'


The type of flu that is going around is called H3N2, which is often linked to more serious disease compared to other flu varieties, Fauci said.


But there's good news: That type of flu matches up well to the vaccine that is being distributed and given out throughout the United States.


People may get more complications from this particular strain of H3N2, "which may make them ill for a longer period of time," Dr. Michael Jhung, medical epidemiologist in the influenza division at CDC, told CNN's Mary Snow.


Best new ways to avoid the cold and flu


"But symptoms typically last up to seven days for a normal infection, a noncomplicated infection with influenza," he said. "And we usually see that from year to year regardless of what strains are circulating."


In a "light" year, a few thousand people may still die, but a particularly serious year could see up to 49,000 deaths from the flu, Fauci said. "There's an average of about 200,000 hospitalizations and there's a lot of economic burdens."


Protect yourself


If you haven't gotten an annual flu vaccine, it's not too late, doctors say. To further protect yourself, try to avoid anyone who is sneezing and coughing, and wash your hands. Also, exercise and eat healthy foods, Zich said.


Most flu patients should not go to an emergency room, Zich said. They will likely be sent home, as there is very little that can be done for them. A fever as high as 103 degrees Fahrenheit is common in the flu.


Patients with normal flu symptoms should get a lot of rest and take painkillers to help with muscle aches, Zich said. "In five to seven days, you're going to be feeling yourself again," he said.


But there are scenarios in which going to a hospital is necessary. If a patient is short of breath, or can't keep fluids down because of nausea, these are signs of a problem that needs immediate attention, as vomiting or sweating from fever can lead to dehydration, Zich said.


Flu can be deadly, even in healthy kids


An otherwise healthy person will not get much benefit from antiviral medications designed to treat symptoms that the flu causes, Zich said. The side effects from both oseltamivir (Tamiflu) and zanamivir (Relenza) include nausea.


The CDC recommends that people who have a higher risk of complications from the flu receive antiviral treatment. These include people with chronic illnesses such as pulmonary, cardiovascular and neurological conditions, as well as anyone 65 years and older and children under age 2.


What many people don't know is that the flu vaccine becomes less effective as you get older or develop other medical problems, Zich said. The flu shot relies on the body's antibodies against the flu, so if the immune system is already compromised, it will not work as well.







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Hilda Solis stepping down as labor secretary

Hilda Solis announced that she is stepping down from her post as labor secretary, CBS News has confirmed. She sent a letter to President Obama today notifying him of her retirement.

Solis was nominated to the position the same day the president was inaugurated in 2009, serving through the president's entire first term. She ran the Labor Department during the worst economic recession since the Great Depression. The department, which calculates unemployment statistics, came under criticism during the presidential campaign for a steep drop in the jobless numbers from above 8 percent to below 8 percent right before Election Day.

President Obama called her "a critical member" of his economic team who has helped put "millions" of people back to work. "Hilda Solis has been a tireless champion for working families," the president wrote in a statement.

Before her current position, she was a member of Congress, representing California since 2001 but left that job to be the first Hispanic woman to run the agency.

The president must now name a replacement that must go through the Senate confirmation process. CBS News learned today that the president intends to nominate his chief of staff, Jack Lew, to run the Treasury Department.

Solis joins Secretary of State Hillary Clinton, Treasury Secretary Timothy Geithner, CIA Director David Petraeus and Defense Secretary Leon Panetta in stepping down from their cabinet-level posts.

A White House official says Health and Human Services Secretary Kathleen Sebelius, Veterans Affairs Secretary Eric Shinseki and Attorney General Eric Holder plan to remain in their positions.

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White House Won't Rule Out $1 Trillion Coin


ht gold coin tk 120905 wblog White House Wont Rule Out $1 Trillion Coin Option

(United States Mint/Wikimedia Commons)


White House Press Secretary Jay Carney today flatly ruled out any negotiations with Congress over raising the debt ceiling, but there’s one odd-ball solution he would not rule out:  minting trillion dollars coins to pay off the debt.


“There is no Plan B. There is no backup plan. There is Congress’s responsibility to pay the bills of the United States,” White House Press Secretary Jay Carney told reporters at the daily White House briefing.


READ: $1-Trillion Coins: The Ultimate Debt Ceiling End-Around?


Asked if the administration would rule out minting trillion dollars coins if Congress fails to act, Carney deflected saying “you could speculate about a lot of things.”


“Nothing needs to come to these kinds of… speculative notions about how to deal with a problem that is easily resolved by Congress doing its job, very simply,” he added.


Pressed further on why they won’t offer a clear yes-or-no answer to the question, Carney referred questions to the Treasury Department.


“I answered it thoroughly,” he later joked. “And I have no coins in my pocket.”


Some have suggested the President could invoke the 14th Amendment to the Constitution – which states, “the validity of the public debt of the United States … shall not be questioned” – and ignore the debt ceiling altogether.  On that question, Carney has offered a straight answer:  the 14 Amendment does not apply to the debt ceiling.


“We just don’t believe that it provides the authority that some believe it does,” Carney said.


The trillion-dollar-coin idea has been floated by, among others, an economist at the American Enterprise Institute.


Here’s our full Q and A:


KARL: I heard you unequivocally rule out using the 14th Amendment on the debt ceiling. I heard you unequivocally rule out negotiating with Congress. But you did not rule out this trillion-dollar coin idea. So can I ask you just a yes-or-no question? Does the White House rule out the idea of minting trillion-dollar coins as a way of dealing with the debt ceiling?


CARNEY: I would refer you to Treasury for the specifics of this question. I can tell you that the president does not believe that there is a backup plan or a plan B or an off-ramp. The only viable option here is Congress to fulfill its — that Congress fulfills its responsibility and ensures that the United States of America pays its bills, as it has always paid its bills throughout its history.


KARL: But why have we ruled out the 14th Amendment and not ruled out the trillion-dollar coin idea?


CARNEY: Again, I can tell you that there are no back-up plans. There are no plan B’s. I’d refer you to the Treasury.



KARL: Jay, the speaker of the House has made it perfectly clear that he is willing to increase the debt ceiling, but the principle is for every dollar the debt ceiling is increased, a dollar of spending must be cut. Given that you’re saying that the White House will not negotiate on raising the debt ceiling, are you willing to accept that principle from the speaker, a dollar in cuts for every dollar increase?


MR. CARNEY: I think the president’s been very clear that his absolute principle is that we need to reduce our deficit in a balanced way that does not shift all the burden, through cuts exclusively, on senior citizens, on families who have disabled children, on families who are trying to send their kids to school. That’s just unacceptable.


You know, one of the things we learned in the process that we just went through late in — late last year is that when it comes to specificity, we never saw any specificity from Republicans in terms of how exactly they would achieve the kind of sweeping cuts that they say they want and out of whose — you know, from whom would they demand that payment.


And what the president has been very clear about is he will not negotiate on Congress’ responsibility to pay its bills. He will negotiate and is willing to compromise, as he has demonstrated repeatedly, when it comes to moving forward in a balanced way to reduce our deficit. We have to deal with the sequester. We have to deal with a variety of budgetary and economic and fiscal challenges.


But he will not negotiate over the debt ceiling. And the threat itself is a problem, as we saw in the summer of 2011. The binary choice that Republicans seem to want to present to the American public is either we gut Medicare and Social Security or we tank the global economy. I’m not a communications director for the speaker of the House or the Senate minority leader, but I would think selling that would be very hard.


KARL: But help me understand how this works. You say you will not negotiate on this issue. They’ve put out a principle, so they produce something — and they say they will — that cuts a dollar for every dollar increase. And you’re saying you won’t negotiate on that?


MR. CARNEY: Have you seen that?


KARL: Well, this is what they say they are going to go forward.


MR. CARNEY: Well, I mean, you know –


KARL: So either –


MR. CARNEY: — words are not actions, and there has been, at — to this date, very little specificity, you know, since we — since the Ryan plan, which itself was lacking in specifics. And if their — if their position is we’re going to voucherize Medicare or tank the global economy, they should say so. That is unacceptable to the American people. It’s certainly unacceptable to the president.


Look, here’s the thing. Congress has the authority to authorize money, right, not the president. Congress racked up these bills. Congress has to pay these bills. We are very interested in a discussion and negotiation about getting our fiscal house in order. This president has already signed into law over $2 trillion in deficit reduction. He is eager to do more in a balanced way.


But it is not appropriate to — in this president’s view — to say that if I don’t get what I want, I’m not going to raise the debt limit. That is basically saying, I will abandon the history of the United States maintaining the full faith and credit of its currency and its — and its treasury by refusing to pay bills because I didn’t get what I want politically.


And that’s just not acceptable to the president.


KARL:  I’m not sure I understand how that works — you’re not going to negotiate at all? –


MR. CARNEY: We’re not going to negotiate. Congress has a — if Congress wants to give the president the responsibility to raise the debt ceiling, he would take it, as we saw when — in 2010 or — I forget, there have been so many of these confrontations — in — when — in 2011 when the so-called McConnell plan was adopted, you know. But they assigned themselves this responsibility. They need to be — the fact that they, you know, assigned it to them is something that they have to deal with. They assigned it to themselves, they need to act, and they need to, without drama or delay, raise the debt ceiling. We still have — there is plenty of opportunity outside of threatening the full faith and credit of the United States to debate fundamental differences over our economic and fiscal policy proposals, but it is not wise to do that around raising the debt ceiling, not wise to do it around the simple principle that we, the United States of America, pay our debts.





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Case of Wall Street greed gone too far




Goldman Sachs CEO Lloyd Blankfein was one of the executives whose stock award was accelerated to beat higher tax rate.




STORY HIGHLIGHTS


  • Goldman Sachs granted $65 million in stock to execs before new tax rates began

  • Susan Antilla says the firm's CEO had endorsed higher rates, called for entitlement cuts

  • She says Goldman benefits from the implicit promise that U.S. will bail it out

  • Antilla: It was unseemly for Goldman to rush the payments to shield execs from new rates




Editor's note: Susan Antilla is a columnist at Bloomberg View and a contributor to TheStreet.com. She has written about finance for more than 30 years. She is author of "Tales From the Boom-Boom Room: The Landmark Legal Battles That Exposed Wall Street's Shocking Culture of Sexual Harassment." Follow her on Twitter @antillaview.


(CNN) -- Nobody likes to pay taxes, so can you blame the good folks at Goldman Sachs & Co. for doing what they could to avoid the higher rates that kicked in on January 1?


While the rest of us were donning our party clothes on New Year's Eve, the legal worker bees at Goldman were pushing the send button on 10 regulatory filings to the Securities and Exchange Commission.


By the time the ball dropped in Times Square, regulators had been notified that $65 million in Goldman stock had been granted a month early, helping a cluster of powerful multimillionaire executives trim their tax tab.


Among the 10 who shared that $65 million, Chief Executive Officer Lloyd Blankfein, Chief Operating Officer Gary Cohn and Chief Financial Officer David Viniar wound up with $8.4 million apiece in Goldman stock.



Susan Antilla

Susan Antilla



Blankfein's compensation in 2011 was $16.2 million. Cohn and Viniar that year made $15.8 million. Even Gordon Gekko would be impressed to see that bosses making that much money were able to catch a tax break for a couple hundred thousand.


The 10 executives who skirted 2013's higher rates were not the only Goldmanites who benefited from the "accelerated" vesting. Michael DuVally, a Goldman spokesman, acknowledged there was "a group larger than" the 10 but declined to say how many. DuVally would not comment on who made the decision to grant the shares early.


The shrewd Goldman move is hardly unique among rich business executives or even 99 percenters of more modest means. It was no secret that higher taxes were coming this year, and taxpayers of all shapes and sizes did what they could to ensure that "tax events" would occur in 2012.



Even environmental activist and Nobel Prize winner Al Gore tried, albeit without success, to unload his Current TV to Al Jazeera before the new year dawned.


What makes the Goldman move distasteful is that it wasn't even two months ago that CEO Blankfein was mouthing off in a Wall Street Journal op-ed that he endorsed tax increases "especially for the wealthiest" -- along with a plug to cut entitlements to all you freeloaders out there.








If you're pushing the position that the rich should pay more to help fix the deficit, it doesn't quite follow to employ a tax dodge, says Dennis Kelleher, president of the Washington-based public interest group Better Markets Inc.


"Goldman's quickie year-end tax shenanigans deprived the government of what it otherwise would get," he says. "So they either cause the debt to go up, or cause others to pay more by the taxes they are avoiding."


DuVally, the Goldman spokesman, declined to comment when I asked whether it was inconsistent for Goldman to make a move for its executives to avoid taxes after Blankfein endorsed increases for the wealthy.


I've got to hand it to Goldman. The firm is a master of the "have-your-cake-and-eat-it-too" brand of politics and public relations. One minute, Goldman is cranking out press releases about its devotion to women entrepreneurs in its philanthropic "10,000 women" program. The next, it is announcing its annual list of new partners that includes a paltry 10 women but 60 men.


Goldman was a victim on the defensive when Greg Smith, a former employee, wrote a New York Times op-ed on March 14, blasting the firm for having "morally bankrupt people" who needed to be weeded out. You could almost feel sorry for poor Goldman, which shipped out a memo reminding employees that their estimable employer had been named one of the best places to work in the United Kingdom only weeks before the London-based Smith's "Why I Am Leaving Goldman Sachs" essay.


By the time Smith published a book seven months later, the firm had turned ruthless revenge-seeker, even sharing parts of Smith's self-evaluations with the media. A "best place to work?" Really? Careful what you say in the press -- and in your HR file -- if you get your paycheck from a Goldman-style operation.


The brouhaha over Smith's op-ed and book stirred up debate of the "What did you expect of an investment bank operating in capitalistic society?" type.


Fair enough. Banks are not in the philanthropy business -- even if they spend as much time as Goldman does talking about its good deeds and famous "business principles." ("Our clients always come first" is famously No. 1 on the list.)


At Goldman and other "too big to fail" banks, though, employees walk through the doors each morning knowing that the rest of us will be forced to bail them out again should another crisis ensue. We taxpayers provide the insurance policy that they enjoy without ever sending us premiums. In October of 2008, Goldman got $10 billion in taxpayer money from the Troubled Asset Relief Program, which it ultimately paid back.


Blankfein, like other bank CEOs, would later make the case that Goldman wasn't "relying on" that government help.


But leaf through the tomes of some of the regulators who lived through the crisis, and you start to wonder whether our tax-dodging heroes might be out of jobs today if the public hadn't fronted a bailout.


From "Bull by the Horns," by former Federal Deposit Insurance Corp. chairman Sheila Bair: Goldman and Morgan Stanley were "teetering on the edge" in the fall of 2008.


From "Bailout: An Inside Account of how Washington Abandoned Main Street While Rescuing Wall Street," by Neil Barofsky, former special inspector general to oversee the Troubled Assets Relief Program: Federal Reserve chairman Ben Bernanke "confided that he believed that Goldman Sachs would have been the next to go" after Morgan Stanley.


We need to change the conversation here.


Goldman and its too-big-to-fail brethren are banks that accepted welfare and are in debt to U.S. taxpayers for averting disaster. This hasn't been about hard-nosed capitalism since those first TARP wire transfers made their way into Goldman Sachs' coffers.


As for the bank's recent tax-reduction maneuver, it's another reminder that Goldman's management is either clueless about how bad it looks or doesn't care. Sometimes bad PR is a just a cost of doing business.


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The opinions expressed in this commentary are solely those of Susan Antilla.






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Arianespace says 2012 sales leapt by 30%






PARIS: The European space launch company Arianespace said Tuesday that its 2012 sales rose 30 per cent and forecast that it would dominate Russian and US rivals this year with a market share of more than 60 per cent.

Arianespace sales soared to more than 1.3 billion euros, and the company said that it already covered 60 per cent of the global market last year, bringing its order book to 4.0 billion euros, or three years' worth of activity.

This year, the company plans 12 launches with three different vehicles, the giant Ariane 5 rocket, the smaller Vega, and the Russian rocket Soyuz, up from 10 in 2012, chief executive Jean-Yves Le Gall told a press conference.

He called 2012 a "remarkable" year, noting that the company had launched seven Ariane 5 rockets to mark its 10th consecutive year without a failure, and had put a total of 75 tonnes of satellites into orbit.

Arianespace could even surpass 12 launches this year if one of its rivals is unable to honour their contracts, Le Gall noted, joking: "When they sign contracts we are the one that launches the satellites."

Competitors include the private US firm SpaceX, which developed its own launch vehicle over a period of 10 years and successfully delivered a payload last year to the International Space Station with its reusable Dragon launch vehicle.

The Russian rocket Proton has had a spotty launch record meanwhile, but its successor Angara is set for its first launch this year.

Elsewhere, the US-Russian company Sea Launch is in financial trouble, while Chinese rockets are not yet serious rivals for Arianespace.

The European group still depends on subsidies from countries that have backed it from the beginning, but Le Gall estimated that it needed a little more than 100 million euros last year, down from 125 million a year before, and 250 million 10 years earlier.

Ariane 5 is to be replaced by an Ariane 6 rocket, pending confirmation of that project next year. Arianespace forecasts that it would then be profitable without public aid.

- AFp/jc



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The hottest year on record



































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Extreme heat, drought ravage Midwest


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USADA head: I got death threats during Armstrong probe

(CBS News) Travis Tygart is the head of the U.S. Anti-Doping Agency, which polices U.S. Olympic sports. Lance Armstrong won the world's most grueling event, the Tour de France, seven times. But after Tygart's investigation, Armstrong lost all of his titles. In his first interview, Tygart spoke with us for the premier of a new program, "60 Minutes Sports" on Showtime. Tygart says Armstrong was doping in his very first win at the Tour de France in 1999. The drug was EPO, which boosts endurance.

TRAVIS TYGART: Six samples that were taken from Lance Armstrong were retested in '05. And they were positive.

SCOTT PELLEY: In '99, when the tests were originally taken, was it reported that they were negative?

TYGART: There was no test for EPO. They were not tested for EPO at that time.

PELLEY: And when you tested for them in 2005, you discovered that they were --

TYGART: All six were flaming positive.

PELLEY: Flaming positive?

TYGART: Flaming positive.

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Tygart told Pelley that throughout the investigation, witnesses were intimidated to try to keep the code of silence from breaking.

PELLEY: Was Lance Armstrong personally involved in intimidating these other riders to keep them quiet?

TYGART: He was. It was tough. All -- all these witnesses were -- were scared of the repercussions of them simply telling the truth.

PELLEY: What could Lance Armstrong do to them?

TYGART: Incinerate them.

Former teammate Levi Leipheimer felt the heat. In his sworn affidavit, he says he came to a cycling dinner after he testified to the grand jury. Leipheimer says Armstrong was there and sent Leipheimer's wife a text that read, "Run don't walk."

PELLEY: What did she take it to mean?

TYGART: It's a veiled threat. Knowing her husband had just testified, truthfully, in front of the grand jury and had told citizens of this country about this great fraud. It was a message: You better run.

PELLEY: Your investigation showed that there were personal threats made against riders who had decided to come clean. I wonder if there were any threats against you.

TYGART: There were, Scott.

PELLEY: These threats came from where?

TYGART: Emails, letters.

PELLEY: Anonymous?

TYGART: Yeah.

PELLEY: Can you remember any of the lines from the emails or the letters?

TYGART: The worst was probably putting a bullet in my head.

PELLEY: Did you take that seriously?

TYGART: Absolutely.

To hear the rest of Travis Tygart's story, tune into the premiere edition of "60 Minutes Sports" tomorrow at 10:00 p.m. on the Showtime Network.

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Menu Calorie Counts: How Accurate Are They?













They are supposed to help America's obesity problem: calorie counts boldly displayed on restaurant menus across the country and important information, considering Americans now eat one-third of their meals outside the home.


Two states and nine counties require them today, and by the middle of next year, a federal law is expected to force chain restaurants, convenience stores and vending machines nationwide to post calorie counts.


But how accurate are those numbers that so affect your waistline?


A 2011 study by Tufts University sampling food from 42 restaurants says it depends.


Fast food restaurants were the most accurate because of the uniform recipes and portions, but there were wide variations found in sit-down restaurants.


"We found that 20 percent of the foods we tested had 100 calories or more over what was stated on the menu," Lorien Urban, a postdoctoral associate in the energy metabolism lab at Tufts University and first author of the study, told ABC News. "We would consider that to be a considerable amount."


Urban explained that consuming an extra 100 calories per day can lead to an extra 10 pounds in one year.


Most concerning was that a majority of the errors Urban and her colleagues found were made on the diet side of the menu.










"These were the foods that people who are trying to manage their weight would gravitate towards and they may be getting more calories than they expect," she said.


ABC News sent producers in three cities that already require posting menu calories to major chains to do a sampling under the direction of a nationally known lab and found that more than half of the low-cal meals tested had more calories than listed on the menu.


In total 24 food samples from four sit-down restaurants and one McDonald's were collected and the results were surprising.


McDonald's did the best. Its Big Mac Meal (posted: 930) and its Premium Chicken Sandwich (posted: 400) tested 30 calories below the menu posting.


But the sit-down restaurants had results sometimes wildly different than advertised.


In all, only one calorie count was accurate -- a Skinnylicious chicken salad sandwich from the Cheesecake Factory.


Eleven meals had more calories than on the menu and 10 had fewer calories. Some were over by only 40 calories; another was over by as much as 420 calories, again at the Cheesecake Factory: This time an order of the fish and chips dinner.


Urban said that fast food restaurants tended to be more accurate than sit-down because of the formulaic preparation that fast food restaurants use.


"Things are arriving already packaged into the restaurants and it's just a matter of warming it up and serving it to the consumer," she said. "A sit-down restaurant, things are being prepared on [the] spot [and] by chance some extra butter gets into the pan."


That can change the calorie amount.


All the restaurants and their trade association say that most calorie counts are as accurate as possible and tested extensively to make sure.


They conceded that there are variations, mostly due to portion size and individual restaurant preparation, and that the menus warn actual calories may vary.


What can you do? Take control of what is put on top of the entree by asking for everything fattening -- such as cheeses, sauces or dressings -- on the side.



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