Tuesday, November 27, 2007

Dems keep Senate leaders, split in House

WORLD / America

Dems keep Senate leaders, split in House

(AP)
Updated: 2006-11-15 08:41

WASHINGTON - US Democrats voted Tuesday to keep the leaders who guided
their takeover of the Senate last week but were sharply divided over
whether to give Speaker-to-be Nancy Pelosi the majority leader she wants
in the House.

Incoming US Senate Majority leader Harry Reid (D-NV) speaks to the press
on Capitol Hill following his election to the post November 14, 2006.
Reid, a moderate Nevada Democrat, was elected by colleagues on Tuesday as
US Senate majority leader for the 110th Congress that will convene in
January. Senator Charles Schumer (2nd L)(D-NY) becomes the Vice Chair of
the Conference. [Reuters]

Former Republican Majority Leader Trent Lott, meanwhile, opened a bid to
return to the Senate's Republican leadership after being ousted in 2002
for remarks interpreted as endorsing segregationist policies of the 1940s.

"Yes, I am," the Mississippian said Tuesday when asked if he was
challenging Tennessee Sen. Lamar Alexander to become minority whip in the
newly elected Democratic-majority Congress next year.

Senate Democrats voted Tuesday to make Sen. Harry Reid of Nevada majority
leader and Dick Durbin of Illinois No. 2 in the party hierarchy. Both
have held the same positions but with "minority" instead of majority in
their titles since the 2004 election.

In the House, a bitter battle was under way after Pelosi said she would
prefer Rep. John Murtha of Pennsylvania to be majority leader over her
current lieutenant, Rep. Steny Hoyer of Maryland. Critics accused Pelosi
of backpedaling on a pledge to scrub the House of corruption.

Both Murtha and Hoyer claim to have commitments from a majority of
Democrats, but the balloting Thursday will be secret and commitments
often change.

Murtha, a decorated Vietnam veteran who favors an immediate drawdown of
US troops in Iraq, has fought charges for years of using his senior
status on the defense appropriations subcommittee to award favors to
campaign contributions. He voted against a Democratic package of ethics
reforms earlier this year and was touched by but never charged in the
Abscam bribery scandal a quarter-century ago.

Citizens for Responsibility and Ethics in Washington, a
Democratic-leaning watchdog group, accused Pelosi of compromising her
ethical standards by endorsing Murtha.

1 2 

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EU to challenge high India tariffs

Jakarta paving the way on works projects

WORLD / Wall Street Journal Exclusive

Jakarta paving the way on works projects

By TOM WRIGHT (WSJ)
Updated: 2006-11-06 14:48

http://online.wsj.com/public/article/SB116276780695713912-cbVoKRhv0cOFncx37
ZMDrWtZbKA_20061112.html?mod=regionallinks

JAKARTA, Indonesia -- Indonesia's efforts to get delayed infrastructure
projects off the ground inched forward as foreign and local investors at
a conference here were encouraged by a government pledge to offer
financial backing for private investors in state-sponsored ventures.

Whether that will translate into new tie-ups between private companies
and Jakarta to improve Indonesia's decrepit toll roads, ports and power
plants, investors say, will become clearer over the next few months.

"The foundations for future projects are potentially there," says Karin
Finkelston, associate director for East Asia at the International Finance
Corp., the World Bank arm for lending to the private sector. "The key now
is how this is implemented."

In January 2005, President Susilo Bambang Yudhoyono's government began an
effort to persuade skeptical foreign investors and international donors
to get involved in a number of major infrastructure projects. But the
plan foundered, largely because Jakarta refused to offer financial
safeguards that investors demanded to lower the risks of doing business
in Indonesia.

At an investment conference last week, the government set out a number of
fresh initiatives, including financial guarantees, that it hopes will
lure some of the foreign investment that is flowing to Asian rivals like
India and China. Indonesia is widely perceived as a difficult place to do
business because of Byzantine bureaucratic procedures, unclear
legislation on investment and corruption in its legal system.

Without a turnaround in stagnating investment levels, Indonesia's economy
is unlikely to grow at the rate of about 7% a year, which economists say
is needed to create enough jobs and reduce poverty. The country's
inflation-adjusted gross domestic product is forecast to expand 5.8% in
2006.

At the conference -- where hundreds of domestic and foreign businessmen
mixed with international donors and government officials -- Mr. Yudhoyono
appealed to foreign investors to help supply the $22 billion Indonesia
says it needs to spend annually in the next few years to upgrade its
infrastructure. "The government will provide only part of this funding,"
he said, "while the major portion will have to come from the private
sector."

Officials highlighted 10 projects with a total value of $4.5 billion the
government hopes will become models for private-public deals and pave the
way for other investment. They include power plants, toll roads,
water-supply projects, fiber-optic networks, a ferry terminal and a port.

Finance Minister Sri Mulyani Indrawati outlined a plan to earmark $450
million from Jakarta's 2006 and 2007 budgets to fund financial guarantees
and offer other support for the projects. Investors have been demanding
these guarantees, which are meant to cover the risk that state-owned
companies like PT Perusahaan Listrik Negara, which runs the national
electricity grid, could break contractual agreements or default on
payments.

Also unveiled at the conference was a separate $300 million fund for
government purchases of land for infrastructure projects. Poor land
documentation in Indonesia has deterred foreign companies from investing
in projects such as toll roads for fear of getting bogged down in legal
disputes with property owners. While the moves drew praise, many
investors say they want more detailed information about projects before
they commit money.

"The government has shown strong determination to move forward," says
Muhammad Fadzil Abdul Hamid, business-development manager at Plus
Expressways Bhd., a Malaysian toll-road operator, who attended the
conference. "But we still need concrete evidence," he adds, that
toll-road projects will proceed without legal wrangles involving land.

Investors say success will rest on the government quickly getting some
model projects up and running. "One or two projects would really open the
door" to further investment, Ms. Finkelston says. For now, she adds, it
remains unclear exactly how the tendering process will work.

Some projects, including two toll-road-extension plans, are closer to
being ready than others, the government says. At the conference, Ms. Sri
Mulyani admitted some projects have "not been prepared to the standards
expected by international investors and lenders." To improve the
situation, the finance minister said, the government has created a panel
to focus on preparing projects to international standards.

Lack of clear information on projects is a major problem facing private
investors, Lawrence Greenwood, a vice president of the Asian Development
Bank, told the conference. The government's lack of experience in
preparing, tendering and implementing projects is an additional worry, he
said.

Rivalry between the central and local governments -- which have won a
greater degree of autonomy from Jakarta in recent years -- also could
complicate efforts to get projects under way, investors say. Highlighting
this fear, regional governors and mayors organized a parallel investment
conference in Jakarta last week, but investor turnout was more modest.

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US army monitors soldiers' blogs

WORLD / America

US army monitors soldiers' blogs

(AP)
Updated: 2006-10-30 09:30

RICHMOND, Va. - From the front lines of Iraq and Afghanistan to here at
home, soldiers blogging about military life are under the watchful eye of
some of their own.

Author Matthew Currier Burden stands at the Pritzker Military Library
with a copy of his book containing a collection of entries from bloggers
who served in the war called , 'The Blog Of War,' in Chicago, Ill., in
this Oct. 26, 2006 file photo. [AP]
A Virginia-based operation, the Army Web Risk Assessment Cell, monitors
official and unofficial blogs and other Web sites for anything that may
compromise security. The team scans for official documents, personal
contact information and pictures of weapons or entrances to camps.

In some cases, that information can be detrimental, said Lt. Col. Stephen
Warnock, team leader and battalion commander of a Manassas-based Virginia
National Guard unit working on the operation.

In one incident, a blogger was describing his duties as a guard,
providing pictures of his post and discussing how to exploit its
vulnerabilities. Other soldiers posted photos of an Army weapons system
that was damaged by enemy attack, and another showed personal information
that could have endangered his family.

"We are a nation at war," Warnock said by e-mail. "The less the enemy
knows, the better it is for our soldiers."

In the early years of operations in the Middle East, no official
oversight governed Web sites that sprung up to keep the families of those
deployed informed about their daily lives.

The oversight mission, made up of active-duty soldiers and contractors,
as well as Guard and Reserve members from Maryland, Texas and Washington
state, began in 2002 and was expanded in August 2005 to include sites in
the public domain, including blogs.

The Army will not disclose the methods or tools being used to find and
monitor the sites. Nor will it reveal the size of the operation or the
contractors involved. The Defense Department has a similar program, the
Joint Web Risk Assessment Cell, but the Army program is apparently the
only operation that monitors nonmilitary sites.

Now soldiers wishing to blog while deployed are required to register
their sites with their commanding officers, who monitor the sites
quarterly, according to a four-page document of guidelines published in
April 2005 by Multi-National Corps-Iraq.

Spc. Jean-Paul Borda, who has indexed thousands of military blogs for a
site called Milblogging.com, said in an e-mail interview that the
military still is adapting to changing technology.

"This is a new media - Blogging. Podcasting. Online videos," wrote Borda,
32, of Dallas, who kept a blog while he was deployed in Afghanistan with
the Virginia National Guard. "The military is doing what it feels
necessary to ensure the safety of the troops."

Warnock said the Web risk assessment team has reviewed hundreds of
thousands of sites every month, sometimes e-mailing or calling soldiers
asking them to take material down. If the blogger doesn't comply with the
request, the team can work with the soldier's commanders to fix the
problem - that is, if the blogger doesn't post anonymously.

"We are not a law enforcement or intelligence agency. Nor are we
political correctness enforcers," Warnock said. "We are simply trying to
identify harmful Internet content and make the authors aware of the
possible misuse of the information by groups who may want to damage
United States interests."

Some bloggers say the guidelines are too ambiguous - a sentiment that has
led others to pre-emptively shut down or alter their blogs.

"It's impossible to determine when something crosses the line from not a
violation to a violation. It's like trying to define what pornography is
or bad taste in music," said Spc. Jason Hartley, 32, who says he was
demoted from sergeant and fined for reposting a blog he created while
deployed to Iraq with the New York Army National Guard.

According to Hartley, the Army had forced him to stop the blog even
before the oversight operation existed, citing pictures he had posted of
Iraqi detainees and discussions of how he loaded a weapon and the route
his unit took to get to Iraq.

Warnock contended that soldiers should not be discouraged from blogging
altogether.

Military bloggers "are simply expressing themselves in a wide open forum
and want to share their life-changing experiences with the rest of the
world," Warnock said. "Giving soldiers an outlet for free expression is
good. American soldiers are not shy about giving their opinions and
nothing the Web Risk Cell does dampens that trait."

Matthew Currier Burden, 39, a former intelligence officer who wrote "The
Blog of War," a collection of entries from bloggers who served in the
war, said soldiers' Web sites can go a long way toward portraying
positive aspects of the war and other "stories that need to get told."

But he said it's legitimate to fear that some information could be used
the wrong way.

"The enemy knows the value of the blogs," Burden said. "The biggest thing
that we fear is battle damage assessment from the enemy. We want to deny
them that."

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EU set to back limited Iran sanctions

WORLD / Middle East

EU set to back limited Iran sanctions

(Reuters)
Updated: 2006-10-17 17:23

LUXEMBOURG - The European Union was set to back limited United Nations
sanctions against Iran on Tuesday after Tehran spurned conditions for
opening negotiations on its nuclear programme.

Diplomats said the EU's 25 foreign ministers were due to discuss possible
incremental measures targeted initially at individuals and materials
involved in Iranian uranium enrichment activities, which the West
suspects is aimed at making a bomb.

"The most important thing is to have a united response as we showed with
North Korea. We must show Iran that the international community is
completely determined to remain united," European External Relations
Commissioner Benita Ferrero-Waldner told reporters.

"We have shown great patience ... We offered a very attractive package
which could be beneficial for Iran, but up to now we have not received an
acceptance," she said.

Spanish Secretary of State for European Affairs Alberto Navarro said
sanctions would be gradual because Europe, unlike the United States,
needed Iran as an oil supplier.

EU foreign policy chief Javier Solana, who wrangled for four months with
Iranian national security chief Ali Larijani in a vain effort to persuade
Tehran to suspend its most sensitive nuclear work, said the door to talks
would remain open.

"I think there is always hope, and I would like it to be possible to
start again, but it is up to Iran now to accept the conditions to start
real negotiations," he said.

After the failure of the EU diplomatic effort, the ministers will say
that the Iranian file must return to the U.N. Security Council, according
to a draft statement.

The statement will express deep concern that Iran has not yet suspended
enrichment activities and say the EU has no choice but to support talks
in the United Nations on measures on the basis of resolution 1696, but
that the door remains open to negotiations.

Security Council resolution 1696 had told Iran to suspend enrichment by
August 31 or face sanctions.

The six major powers that backed the incentives package that Solana
delivered to Iran -- the United States, Russia, China, Britain, France
and Germany -- are set to start consultations at the United Nations on
Wednesday on a sanctions resolution, diplomats said.

Moscow and Beijing have so far been extremely reticent about any
sanctions, but a European diplomat said they had accepted the principle
of an incremental approach raising pressure.

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Giants of the Sea

WORLD / Wall Street Journal Exclusive

Giants of the Sea

By DANIEL MACHALABA and BRUCE STANLEY (WSJ)
Updated: 2006-10-10 12:47

http://online.wsj.com/public/article/SB116044743245587716-J_w8ugovtC5Ha8Rnl
ex8KqpxHRk_20061016.html?mod=regionallinks

When the container ship Hugo pulled into Long Beach, Calif., last month
after a trans-Pacific crossing, its docking was about as easy as parallel
parking a Greyhound bus in a phone booth.

Bigger than the Titanic and nearly as long as the Queen Mary 2, the
1,095-foot-long Hugo required two harbor pilots and three tugboats to
guide it through a narrow shipping channel to the dock. Crew members had
to fold down a radar mast to clear the 157-foot-high Gerald Desmond
Bridge -- and made it with only five feet to spare. Then the ship made a
90-degree turn, its stern narrowly avoiding a concrete structure known as
the "can opener."

Big as it is, the Hugo is just one in a new generation of container ships
so massive that they dwarf ships made just a decade ago. Often longer
than three football fields and wider than the Panama Canal, the $100
million ships are jammed with Asian-made merchandise that will fill
shopping lists and stores throughout the U.S. before the holiday rush.
Like Santa's supersize sleigh, the Hugo was loaded with toys, electronic
goods and clothes. The ship's maximum load of 8,200 20-foot-long cargo
containers could fill a train stretching more than 23 miles.

Spurred by the flood of goods from Asia, growing by about 10% a year,
container-ship lines have put about 90 of these huge ships to work plying
the high seas, estimates Paul Bingham, a principal at the global trade
and transportation practice at consulting firm Global Insight Inc. About
150 additional ships with room for at least 8,000 20-foot-long cargo
containers are being built or on order through 2010, creating $16 billion
to $18 billion in work for shipyards throughout the world.

The shipbuilding spree "is the biggest boom ever seen in container
shipping," says Neil Davidson, research director at Drewry Shipping
Consultants Ltd. in London.

"We're pushing the limits with these ships," says John Strong, a vice
president of Jacobsen Pilot Service Inc., whose pilots have been steering
ships in and out of the Long Beach port since 1922. "There's no room for
error."

But the floating giants are helping to ease some of the stress on the
global transportation system that has worsened as trade volumes increase.
In Los Angeles and Long Beach, the two busiest U.S. container ports, the
peak season that began in August and runs through the end of this month
has been smooth despite record shipment levels. Both ports were snarled
by backups and delays three times in the past decade, but the situation
has improved because of more big ships, new cranes, thousands of extra
dockworkers and keeping the ports open at night and on weekends. When the
Hugo arrived in Long Beach, two other massive container ships already
were parked there and a third was leaving.

All of the megaships work routes between Asia and the West Coast or Asia
and Europe, where cargo volumes are the strongest and ports most likely
to be able to accommodate them. By spreading crew and fuel costs over
more than twice as many containers as ships built 10 years ago, the new
giants can shrink the cost of moving containers over the ocean by as much
as 30%, says Eivind Kolding, chief executive of the container business of
A.P. Moller-Maersk Group of Copenhagen.

The shipping lines say that freight rates have fallen about 10% over the
past year, but some customers complain that the lines aren't passing
along much of their savings. Willy Lin, managing director of Milo's
Knitwear International Ltd., a Hong Kong garment producer, says he has
seen little net reduction in his freight rates since the big ships began
sailing, due partly to a complex system of surcharges that shipping lines
impose for fuel and other costs. It costs $1,800 to $1,900 to ship a
40-foot cargo container to Long Beach from Shanghai.

While not yet as large as supertankers built in the 1970s and 1980s to
haul crude oil from abroad to the U.S., the biggest container ships can
store thousands of containers in their hulls and nearly as many above
deck. Ship operators often pile cargo six or seven stories tall. "The
temptation is to pile it like a hay wagon," says Charles Cushing, a
marine architect in New York.

Still, most of the megaships are built with a streamlined keel that
allows them to reach nearly 30 miles an hour (compared with 40 mph for an
aircraft carrier) and cross the Pacific Ocean in 12 days.

Ports are scrambling to handle the gargantuan ships. SSA Terminals, which
loads and unloads ships in Long Beach, has used as many as six or seven
cranes -- double the normal number -- on the megaships.

But there is so much cargo that crane operators can work at one hatch for
an entire eight-hour shift, says John DiBernardo, an SSA vice president.
To keep up with the growing ships, Long Beach Container Terminal has
welded steel beams into the legs of its cranes to increase their height.

The Long Beach port plans to spend $800 million to replace the Gerald
Desmond Bridge with a taller version. On Oct. 22, Panamanian voters are
expected to approve a $5.5 billion plan to lengthen, widen and deepen the
canal enough so it can accommodate most big container ships.

"Ports have to enlarge to stay in the game," says Wilson Lacy, maritime
director at the Oakland, Calif., port, which is investing $1.6 billion in
expanded terminals, deeper channels and new equipment for large ships.
Many older ports in the U.S. and Europe are hemmed in by urban sprawl and
have little room to grow.

Meanwhile, shipping lines are trying to outdo each other with ever-bigger
vessels. In August, Maersk launched its 1,300-foot-long Emma Maersk,
calling it the largest container ship ever built. A month later, CMA CGM,
based in Marseille, France, and the Hugo's owner, announced a $1.2
billion order for eight new ships that can each carry 11,400 20-foot-long
containers -- about 4% more than the Emma Maersk's official capacity.

How big container ships will be years from now "is as big as your
imagination," Mr. Cushing says.

Until port infrastructures catch up, expect many more tight squeezes.
John Ochs, managing director of Maersk's APM Terminals container-terminal
operation in Los Angeles, recalls driving across a bridge on his way to
work one recent morning as a giant ship was docking below.

"I saw this monster sliding under me," he says. "I said: 'I hope they
have Vaseline.' "

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N. Korea appears to back down

WORLD / Asia-Pacific

N. Korea appears to back down

(AP)
Updated: 2006-10-09 07:16

BEIJING - China joined Japan in sending a strong message Sunday that a
nuclear test by the North "cannot be tolerated," and Pyongyang appeared
to back down from its threat as an important anniversary passed without
any sign of nuclear activity.

New Japanese Prime Minister Shinzo Abe holds a news conference in Beijing
October 8, 2006. [Reuters]
The estranged neighbors, holding their first summit in five years, put
aside their differences over visits by the Japanese prime minister's
predecessor to a Tokyo war shrine to issue a joint warning to North Korea.

"We agreed that a nuclear weapon test by North Korea cannot be
tolerated," Japanese Prime Minister Shinzo Abe - who assumed office just
two weeks ago - said at a news conference after a day of meetings with
President Hu Jintao and other Chinese leaders. "We need to prevent a
nuclear North Korea."

The common ground Japan and China found over North Korea came as a South
Korean politician said a North Korean nuclear test was not imminent and
the North was ready to drop its plans if Washington engaged in direct
talks.

The United States has refused to meet with North Korea outside of stalled
negotiations by the Koreas, the United States, Japan, China and Russia.
Washington has said it would have bilateral talks with North Korea only
in the context of those six-party talks.

"President Bush and administration officials have made our position on
bilateral talks clear," said Emily Lawrimore, a White House spokeswoman.
"We will continue to encourage North Korea to participate in six-party
talks."

Abe said China was determined to bring North Koera back into the talks
aimed at getting it to abandon development of nuclear weapons and the
long-range missiles it needs to use them.

"We saw eye-to-eye," Abe said. "I think that was very significant."

North Korea announced last week that it would conduct a nuclear weapons
test. Though North Korea has long claimed to have nuclear weapons, the
test would be the first incontestable proof of its capabilities.

Analysts had speculated that North Korea might test as early as Sunday
because it often uses anniversaries or other international events.

Sunday was the ninth anniversary of North Korean leader Kim Jong Il's
appointment as head of the Korean Workers' Party. Tuesday will be the
61st anniversary of the party's founding.

And South Korean Foreign Minister Ban Ki-moon was expected to be
nominated by the U.N. Security Council to be the world body's next
secretary-general on Monday.

But there were signs the North was using the threat as a bargaining chip.

Former South Korean lawmaker Jang Sung-min said Sunday in Seoul that
North Korea informed China it may desist from testing if the United
States holds bilateral talks - a long-standing demand of North Korea.

Jang said he got the information from a telephone conversation with a
Chinese diplomat whom he did not further identify.

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Some currencies get hit

WORLD / Wall Street Journal Exclusive

 Some currencies get hit
By KAREN RICHARDSON (WSJ)
Updated: 2006-09-26 08:53

http://online.wsj.com/public/article/SB115914559204772688-0m2443zwI_zIcmJik
JciOhkFSz0_20061001.html?mod=mktw

As prices for oil, gas and metals take a hit, they are giving the
countries that produce these commodities a run for their money.

The currencies of countries like Canada, Australia and Chile -- sometimes
called "commodity currencies" because they are so heavily supported by
the export sales of natural resources -- are starting to fall as
commodities prices wobble off recent highs.

Since peaking in mid-May, the CRB index, a broad measure of the
performance of commodities compiled by the Commodity Research Bureau, has
fallen about 15%. Oil is down 21% from its high on July 14, while natural
gas is down 59% in 2006. Gold, while up 14% for the year, is down about
18% from its 12-month high. Copper is off about 14% since May.

All of this stems from hints of slowing growth in the U.S. economy, which
translates to less demand for energy and other commodities. Last week,
the stock market closed lower as investors fretted over
softer-than-expected economic data. In an unexpected twist, hedge fund
Amaranth Advisors reported big losses after betting wrong on natural gas.

The broader market shrugged that off, but the Dow Jones Industrial
Average -- which until recently was approaching record levels -- still
fell 52.67 points, or 0.5%, during the week to 11508.10, leaving it up
7.4% for the year.

Investors have done well buying shares of natural-resources companies
like miners and loggers for the past five years. But with the commodity
boom looking shaky, nervousness has risen. Also, concern about
speculators exiting these markets could cause more havoc.

Will commodity prices bounce back soon? A look at commodity currencies
would indicate that such a surge isn't likely anytime soon.

"The next five to six quarters are going to be tough," says Abhijit
Chakrabortti, head of global investment strategy at J.P. Morgan Chase &
Co. "Where you could get a lot of concern is Canada and Australia."

Adding to the vulnerability of these main commodity currencies is how
speculators such as hedge funds trade in the foreign-exchange markets.
Often, they use complex derivatives that can be difficult to sell in
volatile markets. When faced with selling pressure from either
redemptions or margin calls, these investors are more likely to dump
their actual currency holdings than the derivatives, because it is easier.

"There's infinitely more liquidity in the currency markets," says Robert
Kowit, head of global fixed-income investments at Federated Investors Inc.

The Canadian and Australian dollars, up about 42% and 48%, respectively,
since the end of 2001, have edged off their highs in the past few months.
The Canadian dollar, called the "loonie" because the dollar coin features
the common loon, has softened about 1.7% since hitting a high June 12 at
just under 1.10 to the U.S. dollar. The Australian dollar has fallen 2.6%
to just under 76 U.S. cents from its high of about 78 cents on May 11.

Booming energy prices have helped support the loonie, and Canada sells a
great deal of natural gas and oil to the U.S. Many analysts agree that
Canada, at least in the short term, could be hit hard if the U.S. economy
slows significantly during the next 12 months. Canada relies on selling
oil, lumber and cars across the border, but its merchandise trade surplus
shrank in July to its lowest level in more than three years.

The loonie's day in the sun may not be over, though. Analysts say it will
strengthen again over the longer term -- assuming the U.S. growth cycle
starts again in about 18 months. That is because of Canada's wealth of
natural resources, especially oil and natural gas, which will continue to
be in high demand for years to come.

"Canada has such a strong fundamental bid to its currency that it's hard
to see the loonie falling very far," says Carl B. Weinberg, chief
economist at research firm High Frequency Economics. "It doesn't mean
people can't get killed on a day-to-day basis, though."

John Rothfield, a currency strategist at Bank of America, estimates the
Canadian dollar will end 2006 at the current rate of about 1.12 to the
dollar but will strengthen to about 1.09 to the dollar -- its 12-month
high -- by the end of 2007.

The Australian dollar has a similar outlook. Highly exposed to base
metals and precious metals due to its big mining industry, the Australian
economy is poised to feel pressure if commodity prices fall further. The
Journal of Commerce's base-metal index has fallen about 4% since July and
is expected to fall an additional 10% over the next several months,
according to Sue Trinh, a currency strategist at RBC Capital Markets in
Sydney.

"That would limit the Aussie to go higher," Ms. Trinh says. She argues,
however, that Australia's proximity to fast-growing China makes its
long-term promise greater than Canada's.

In Latin America, high copper prices helped to push the Chilean peso up
about 22% against the dollar since the end of 2001. Recently, economic
growth has slowed as copper prices have fallen, prompting the Chilean
central bank to lower its forecast for 2006 gross domestic product.

The peso, which in December reached about 510 to the U.S. dollar, has
weakened to about 540. Bank of America expects it to soften to 570 in the
first quarter of 2007 before ending at about 560 by the end of next year.

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Officials say Gasol could be out up to 3 months

Sports/Olympics / Basketball

 Officials say Gasol could be out up to 3 months
(AP)
Updated: 2006-09-05 10:25

MEMPHIS, Tenn. -- Memphis Grizzlies center Pau Gasol could be out up to
three months after sustaining a partial fracture in his left foot in the
semifinals of the world championships in Japan, officials said.

The 7-footer was hurt Friday near the conclusion of Spain's 75-74
semifinal victory against Argentina.

He underwent X-rays and an MRI exam Saturday at the Kato Orthopedic
Clinic in Saitama, Japan, according to a release from the Spanish
Basketball Federation.

Grizzlies officials said they want to see Gasol in Memphis as soon as
possible where he will undergo surgery following an examination by the
team's doctor.

If that diagnosis is the same as Spain's, then officials said Gasol
should be able to recover from the injury and resume playing at a high
level.

"It's not an injury that normally ruins a person's career," said
Grizzlies president Jerry West. "It'll be a healing process. We have
confidence in his age, and our doctors say that he'll be able to play and
play at a high level when he comes back."

Grizzlies coach Mike Fratello said it's too soon to determine how the
team would compensate without Gasol during the early part of the season.

"You're losing an all-star player, a guy capable of getting
double-doubles and who was playing very well in the tournament," Fratello
said. "It leaves a tremendous hole at the four and five positions.
Obviously, other people have to be ready to assume more of a
responsibility with this."

Information from: The Commercial Appeal, http://www.commercialappeal.com

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Chinese UN peacekeepers in Lebanon

WORLD / Photo

 Chinese UN peacekeepers in Lebanon
(Reuters)
Updated: 2006-08-29 08:57

A Chinese U.N. peacekeeper places Israeli explosives they had collected
from around the southern Lebanese village of Bayyada, near the port city
of Tyre (Soure), in the back of a truck August 28, 2006. [Reuters]

1 2 3 4 

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Angola

Sports/Olympics / Group B

 Angola
(fiba.com)
Updated: 2006-08-15 14:26

ROSTER ANGOLA
Name P Heigth DOB Place Of Birth Current Club

4 Olimpio
CIPRIANO F 192cm
6'4" 09/04/1982 Luanda
(ANG) Clube Desportivo 1�� de Agosto (ANG)

5 Walter
COSTA G 185cm
6'1" 25/03/1973 Luanda
(ANG) Clube Desportivo 1�� de Agosto (ANG)

10 Joaquim
GOMES F 202cm
6'8" 23/12/1980 Luanda
(ANG) EIFFELTOWERS DEN BOSCH (NED)

11 Victor
MUZADI F 201cm
6'7" 22/06/1978 Libreville
(GAB) Clube Desportivo 1�� de Agosto (ANG)

14 Miguel
LUTONDA G 186cm
6'1" 24/12/1971 Luanda
(ANG) Clube Desportivo 1�� de Agosto (ANG)

15 Eduardo
MINGAS F 196cm
6'5" 29/01/1979 Saurimo
(ANG) Inter Clube (ANG)

Vladimir Ricardinho
GERONIMO -/- 04/10/1978 Luanda
(ANG) Clube Desportivo 1�� de Agosto (ANG)

Edmar
VICTORIANO -/- 10/11/1975 Luanda
(ANG) -

Joaquim
XAVIER -/- 22/01/1981 Luanda
(ANG) CAB MADEIRA (POR)

Average height: 194cm/6'4"

COACHES
Head coach: Alberto DE CARVALHO

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Finals (Tokyo time)

Sports/Olympics / Schedule and Results

 Finals (Tokyo time)
(fiba.com)
Updated: 2006-08-14 16:36

FINALS  

02 September 2006 (Beijing -1 hour)

79/A USA
Argentina 19:30
 96:81 Saitama
(Japan)

03 September 2006

80/A Greece
Spain 19:30
  70:47 Saitama
(Japan)

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Motor racing-Hungary a very different place 20 years on

Sports/Olympics / Feature and Column

 Motor racing-Hungary a very different place 20 years on
(Reuters)
Updated: 2006-08-04 16:37

BUDAPEST, Aug 3 - Monaco without the houses is one popular way of
describing the twisty Hungarian Grand Prix circuit.

Forget glamour and glitz. If some drivers stifle a yawn when they
contemplate a visit to the hot and dusty Hungaroring, it is because of
its reputation as the second slowest track in the championship.

Races can be processional, due to the extreme difficulty in overtaking,
and dull in comparison to others at more flowing circuits.

"Watching paint dry, counting the grains of fluff in your belly
button...filling in your tax return form; all these things can be rather
more exciting than watching the Hungarian Grand Prix," declared a Red
Bull handout on Thursday.

It was not ever thus.

There was a time, 20 years ago, when a visit to the Hungaroring
represented, in the words of the Times newspaper's then Formula One
correspondent, 'motor racing's boldest experiment for many years'.

When the travelling circus arrived in Budapest for the first grand prix
behind the then-Iron Curtain in August 1986, there was a palpable sense
of excitement about the place that seems unthinkable in the current era
with its new races in China, Malaysia and Bahrain.

Hungary, now an EU member state, was then firmly in the embrace of the
old Soviet Union and light years away from the free-spending extravagance
and luxury represented by the high-tech world of Formula One.

Eastern Europe had seen nothing like it.

SMOKE-BELCHING

The governing body put the race day turnout at 200,000 spectators, many
of them stripped down to their underpants in the scorching heat on an
afternoon unlike any other.

"I recall standing on the grid and being aware that there was something
very different, very strange about the scene," Briton Martin Brundle, who
finished sixth for now-defunct Tyrrell, wrote in his book "Working the
Wheel".

"At first I couldn't work out what it was. Then I realised it was the
silence.

"I felt like a gladiator in the ring. All those people were looking on in
almost complete silence, not knowing what was going to happen
next...there were a lot of people present who had never seen a grand prix
live before."

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Gunmen kill at least 50 on market of Baghdad

WORLD / Middle East

 Gunmen kill at least 50 on market of Baghdad
(AP)
Updated: 2006-07-18 09:53

Gunmen sprayed grenades and automatic weapons fire in a market south of
Baghdad, killing at least 50 people, mostly Shiites. The sectarian attack
drew an angry protest from lawmakers who accused Iraqi forces of standing
idly by during the rampage.

Relatives of a victim killed by armed gunmen in a Mahmoudiya market mourn
during a funeral procession, Monday, July 17, 2006, in the holy city of
Najaf, southern Iraq. Dozens of heavily armed attackers raided the open
air market in Mahmoudiya, south of Baghdad, killing at least 41 people
and wounding about 90, Iraqi and U.S. officials said. Most of the victims
were believed to be Shiites.[AP]

Women and children were among the dead and wounded in the Monday assault
in Mahmoudiya, hospital officials said. Late Monday, police said they
found 12 bodies in different parts of town, possible victims of reprisal
killings.

Late Monday, a statement was posted on an Islamist Web site claimed
responsibility for the attack in the name of the "Supporters of the Sunni
People," which said it staged the assault to avenge the slaying of Sunnis
in Baghdad.

The group has claimed responsibility for other attacks against Shiites,
including the July 1 car bombing that killed 66 people in Baghdad's
Shiite stronghold of Sadr City. The claims could not be verified.

Several witnesses, including municipal council members, said the attack
began when gunmen _ presumed to be Sunnis - fired on the funeral of a
member of the Mahdi Army, a Shiite militia, killing nine mourners.

Assailants then drove to the nearby market area in the town 30 kilometers
(20 miles) south of Baghdad, killing three soldiers at a checkpoint and
firing rocket-propelled grenades and automatic rifles at the crowd. After
the gunmen sped away, they lobbed several mortar rounds into the
neighborhood, the witnesses said.

The assault occurred a few hundred meters (yards) from Iraqi army and
police positions, but the troops did not intervene until the attackers
were fleeing, the witnesses said. They spoke on condition of anonymity
because of fear of reprisals.

The U.S. command announced that three American soldiers were killed in
separate attacks Monday - two in the Baghdad area and one in Anbar
province west of the capital. At least 2,553 members of the U.S. military
have died since the beginning of the Iraq war in March 2003, according to
an Associated Press count.

There were conflicting casualty figures in the market attack, with a
Shiite television station reporting more than 70 dead. But local police
and Dr. Dawoud al-Taie, director of Mahmoudiya hospital, said 50 people
were killed and about 90 were wounded.

In Baghdad, Shiite legislator Jalaluddin al-Saghir said Iraqi military
authorities had ignored warnings that weapons were being stocked in a
mosque near the market. He also said the local police commander refused
to order his men to confront the attackers because they lacked weapons
and ammunition.

Dozens of Shiite lawmakers, including followers of radical anti-American
cleric Muqtada al-Sadr, stormed out of a parliament session to protest
the performance of the security forces.

In Mahmoudiya, long a flashpoint of Shiite-Sunni tension, tempers boiled
as frantic relatives milled about the hospital, scuffling with guards and
Iraqi soldiers who tried to keep them outside so doctors could treat the
wounded.

"You are strong men only when you face us, but you let them do what they
did to us," one man shouted at a guard.

The Shiite television station Al-Forat broadcast strident quotes from
Shiites who blamed the attack on Sunni religious extremists. They
expressed outrage that Sunni politicians could not rein in the militants.

The main Sunni bloc in parliament said the attack may have been
retaliation for the kidnapping of seven Sunnis whose bodies were found
Sunday in Mahmoudiya. The bloc accused Shiite-dominated Iraqi security
forces of failing to control the situation.

The Mahmoudiya attack raised doubts about the effectiveness of the U.S.
strategy of handing over large areas of the country to Iraqi control,
while keeping U.S. troops in reserve.

U.S. troops of the 101st Airborne Division reported hearing detonations
and gunfire, the U.S. command said. But Iraqi troops are responsible for
security in Mahmoudiya, and American soldiers do not intervene unless
asked by the Iraqis.

Four soldiers and a former soldier from the division are accused of
raping and murdering a teenage girl near Mahmoudiya on March 12. A sixth
soldier is accused of failing to report the crime.

The Mahmoudiya attack was part of a rising tide of tit-for-tat killings
and intimidation that many Iraqis fear is the prelude to civil war. The
campaign of intimidation and attacks is slowly transforming Baghdad into
sectarian zones under the tacit control of armed groups that protect
members of their sect and drive away others.

On July 9, Shiite militiamen swept through the mostly Sunni neighborhood
of Jihad in western Baghdad, dragging Sunnis from their cars and shooting
them in the street. About 50 people were slain.

Faced with such massacres, Iraqis are turning to sectarian militias to
protect themselves because government forces cannot. Some Sunnis, who
form the backbone of the insurgency, now say privately they want American
troops to remain in Iraq to protect them from Shiite militias.

Despite the security crisis, U.S. Commerce Secretary Carlos Gutierrez
came to Baghdad Monday and signed an agreement with the Iraqis to
encourage foreign investment and lay the foundation for a market economy
after decades of state control.

"We are convinced that Iraq is ready for recovery," Gutierrez told
reporters, later acknowledging that "clearly, security is still the No. 1
challenge."

Also Monday, the final group of Japanese troops left Iraq and arrived in
Kuwait, ending Japan's two-year humanitarian mission in southern Iraq.
The rest of the Japanese contingent, which had numbered more than 600,
departed over the past two weeks.

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Introduction of Hezbollah in Lebanon

WORLD / Background

 Introduction of Hezbollah in Lebanon
(aljazeera.com)
Updated: 2006-07-13 14:43

Hezbollah (meaning Party of God) is a political and military party in
Lebanon founded in 1982 to fight the IsraelI occupation in southern
Lebanon. It is regarded by many in the Arab and Muslim world as a
legitimate militant Shia political party in Lebanon . In addition to its
military wing, Hezbollah maintains a civilian arm, which runs hospitals,
various news services, and eductional facilities.

Hezbollah has denounced some acts of terror, like the September 11
attacks and the murder of Nick Berg.

History
Origins

Hezbollah was formed from numerous other Lebanese Shia groups shortly
after Israel's 1982 invasion, largely fought in mainly Shia southern
Lebanon. The group was conceived by Iran, or at least was aided in its
inception by the arrival in Lebanon of 1,500 Islamic revolutionary guards
from Iran, three years after that country's own Islamic Revolution in
1979. Iran, as an Islamic republic remains a close ally, financial
backer, arms supplier and model for Hezbollah. Syria backs Hezbollah
morally and has also supplied it with money and arms, such as Katyusha
rockets.

One of the main objective of Hezbollah at the time was to spread the
Iranian Revolution. Since then, the party has publicly declared that it
will suspend its attempts to create an islamic state in Lebanon "because
the conditions are not met". It remained underground for a number of
years and did not make a public announcement of its existence till 1985,
until which time its earliest members operated under the auspices of the
"Lebanese National Resistance", an amalgam of forces united in their
opposition to the Israeli invasion.

Hezbollah during the Lebanese war (1982-1990)

After emerging during the civil war of the early 1980s, Hezbollah focused
on expelling Israeli and Western forces from Lebanon.
There may also have been (attempted) terrorist attacks against Hezbollah.
According to Bob Woodward's book Veil: The Secret Wars of the CIA, the
CIA asked Elie Hobeika to kill Hezbollah's spiritual leader Fadlallah,
but asked for minimal bloodshed. The assassination attempt failed to kill
Fadlallah but more than 80 civilans died. The fiasco lead the CIA to
terminate its relationship with Elie Hobeika.

Conflict in South Lebanon

South Lebanon was occupied by Israel between 1982 and 2000. Hezbollah
fought a guerilla war against Israel and the South Lebanon Army. The
fighting culminated during Operation Grapes of Wrath in April 1996 when
Israel launched an assault and air-campaign against Hezbollah. The
campaign failed and resulted in the Israelis killing more than 100
civilians in one incident alone.

In May 2000, Israel withdrew its army from south Lebanon. This was widely
considered a victory for Hezbollah and boosted its popularity in Lebanon.
The move did not end the conflict because Hezbollah is still contesting
Israel's control of the Shebaa farms region.

Hezbollah's role in the Israeli withdrawal from southern gained the
organization respect in Lebanon, particularly among the country's Shia
community, which comprises 40% of Lebanon's three million citizens. The
President of Lebanon, Emile Lahoud, said: "For us Lebanese, and I can
tell you a majority of Lebanese, Hezbollah is a national resistance
movement. If it wasn't for them, we couldn't have liberated our land. And
because of that, we have big esteem for the Hezbollah movement."

Hezbollah after the Israeli withdrawal

In May 22, 2000, Israel withdrew from Lebanon to the UN-agreed Israeli
border, and their pullout was certified by the UN as complete. However,
Hezbollah says the Shebaa Farms, a 28 sq. km. area, which is still
occupied by Israel, to be Lebanese territory, and on that basis has
continued to attack Israeli forces in that area. The UN recognizes the
Shebaa farms as part of the Golan Heights, and thus occupied Syrian (and
not Lebanese) territory.

Israel continues to overfly Lebanese territory, eliciting condemnation
from the UN Secretary-General's representative in Lebanon. Hezbollah's
anti-aircraft fire has on some occasions landed within the northern
border region of Israel, inciting condemnation from the UN
Secretary-General. On November 7, 2004, Hezbollah responded to the
repeated Israeli violations of Lebanese airspace by flying an unmanned
drone aircraft over northern Israel.

Hezbollah abducted three IDF soldiers during an October 2000 attack in
Shebaa Farms, and sought to obtain the release of 14 Lebanese prisoners,
some of whom had been held since 1978. On January 25, 2004, Hezbollah and
Israel agreed on an exchange of prisoners. The prisoner swap was carried
out on January 29: 30 Lebanese and Arab prisoners, the remains of 60
Lebanese militants and civilians, 420 Palestinian prisoners, and maps
showing Israeli mines in South Lebanon were exchanged for an Israeli
businessman and army reserve colonel kidnapped in 2001 and the remains of
the three IOF (The Israeli Occupation Forces) soldiers mentioned above.

On July 19, 2004, a senior Hezbollah official, Ghaleb Awwali, was
assassinated in a car bombing in Beirut. Hezbollah blamed Israel; credit
was claimed. According to Al-Arabiya, unidentified Lebanese police also
identified the group as a cover for Israel. Israel alleges that Hezbollah
had been increasingly involved in training and arming Hamas. This claim
has been strengthened by Nasrallah's own words. In 2001 Jordan arrested
three Hezbollah members attempting to smuggle Katyusha rockets into the
West Bank. Nasrallah responded that "it is a duty to send arms to
Palestinians from any possible place." After Israel's assassination of
Hamas leader Sheikh Ahmed Yassin Hezbollah attacked the IOF along the
Blue Line.

UN resolution 1559

On September 2, 2004 the UN Security Council adopted UN Security Council
Resolution 1559, authored by France and the U.S. in an uncommon show of
cooperation. Echoing the Taif Agreement, the resolution "calls upon all
remaining foreign forces to withdraw from Lebanon" and "for the
disbanding and disarmament of all Lebanese and non-Lebanese militias."
Lebanon is currently in violation of Resolution 1559 over its refusal to
disband the military wing of Hezbollah.

On October 7, 2004 the UN Secretary General Kofi Annan reported to the
Security Council regarding the lack of compliance with Resolution 1559.
Mr. Annan concluded his report by saying: "It is time, 14 years after the
end of hostilities and four years after the Israeli withdrawal from
Lebanon, for all parties concerned to set aside the remaining vestiges of
the past. The withdrawal of foreign forces and the disbandment and
disarmament of militias would, with finality, end that sad chapter of
Lebanese history."

The January 20, 2005 UN Secretary-General's report on Lebanon states:
"The continually asserted position of the Government of Lebanon that the
Blue Line is not valid in the Shab'a farms area is not compatible with
Security Council resolutions. The Council has recognized the Blue Line as
valid for purposes of confirming Israel��s withdrawal pursuant to
resolution 425 (1978). The Government of Lebanon should heed the
Council��s repeated calls for the parties to respect the Blue Line in its
entirety."

On January 28, 2005 UN Security Council Resolution 1583 called upon the
Government of Lebanon to fully extend and exercise its sole and effective
authority throughout the south, including through the deployment of
sufficient numbers of Lebanese armed and security forces, to ensure a
calm environment throughout the area, including along the Blue Line, and
to exert control over the use of force on its territory and from it.

Hezbollah and the cedar revolution

After the assassination of Rafik Al Hariri in February 2005 Hezbollah
strongly supported Syria's presence through demonstrations. It opposed
the cedar revolution which resulted in Syria's withdrawal. However
Hezbollah won a number of representatives during the parliamentary
elections of May 2005 and managed to join the government in July 2005 in
the name of national unity. Hezbollah still holds a large quantity of
weapons and the subject remains extremely controversial in Lebanon.

Post-Lebanese election

After the 2005 elections, Hezbollah held 23 seats (up from eight
previously) in the 128-member Lebanese Parliament. It also participated
for the first time in the Lebanese government that was formed in July
2005. Hezbolla has two ministers in the government, and a third is
Hezbollah-endorsed. It is primarily active in the Bekaa Valley, the
southern suburbs of Beirut, and southern Lebanon. The group is headed by
Sayyed Hassan Nasrallah and is financed largely by Iran and Syria, though
it also raises funds itself through charities and commercial activities.

Political activities

Hezbollah is an active participant in the political life and processes of
Lebanon, and its scope of operation is far beyond its initial militant
one. In 1992, it participated in elections for the first time, winning 12
out of 128 seats in parliament. It won 10 seats in 1996, and 8 in 2000.
In the general election of 2005, it won 23 seats nationwide, and an
Amal-Hezbollah alliance won all 23 seats in Southern Lebanon. Since the
end of the Israeli occupation in southern Lebanon on May 22, 2000,
Hezbollah has been involved in activities like building schools, clinics,
and hospitals.

Foreign relations

Hezbollah claims that it forbids its fighters entry into Iraq for any
reason, and that no Hezbollah units or individual fighters have entered
Iraq to support any Iraqi faction fighting America.

Hezbollah has no known links to Al-Qaida. Though Hezbollah has a Shia
ideology, this does not exclude it from co-operation with Sunni groups.
However, Al-Qaida and the Taliban, which are respectively a Wahhabi and a
Deobandi group, have long histories of conflict with Shia groups and with
Iran in particular, Hezbollah's strongest backer. Hezbollah is closely
allied with Iran and has a complex relationship with Syria. Hezbollah is
strongly anti-Zionist and anti-Israeli.

It is widely believed that Hafez al-Assad and Hezbollah were closely
linked; this did not significantly affect his relations with the rest of
the world. Bashar al-Assad, his son and successor, has been subjected to
sanctions by the U.S. due to (among other things, such as occupying
Lebanon) his continued support for Hezbollah. However, on March 3, 2005,
the Bush administration stated that it would consider Hezbollah
legitimate if it disarmed, but also said that this did not represent a
change in their view of the organization, which is unlikely to do so.
Mundane

Ideology

The organization views an Islamic republic as the ideal and eventual form
of state. However, as their conception of an Islamic republic requires
the consent of the people, and Lebanon remains a religiously and
ideologically heterogeneous society, their political platform revolves
around more mundane issues. According to their published political
platform in 2003, Hezbollah says that it favors the introduction of an
Islamic government in Lebanon by peaceful democratic means. According to
the United States Department of State and reports submitted to Defense
Technical Information Center (among other United States agencies) as late
as 2001, the organization is seeking to create an fundamentalist
Iranian-style Islamic republic and removal of all non-Islamic influences.

Media operations

Hezbollah operates a satellite television station from Lebanon, Al-Manar
TV ("the Lighthouse") as well as a radio station, al-Nour ("the light").
Qubth Ut Alla ("The Fist of God") is the monthly magazine of Hezbollah's
paramilitary wing. They are watched widely by West Bank and Gazan
Palestinians as well as some Lebanese.

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� Guangdong raises minimum salary level

� China 'not seeking to join G8'

� Hu: China opposes actions worsening Korea situation

Top World News 

� Mumbai police suspects LeT in train blasts

� Israeli troops raid Lebanon

� China, Russia introduce draft resolution on DPRK missile launches

� Bomb attack on Bombay trains kills 190

� US extends Geneva rights to detainees

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Chinese caddies to attend World Cup final

Sports/Olympics / Pictures

 Chinese caddies to attend World Cup final
(cnsphoto/CRIENGLISH.com)
Updated: 2006-07-06 14:57

Four Chinese boys headed for Germany as the caddies in the World Cup
final on July 5, 2006. There are altogether 1,409 children from 47
countries selected as World Cup caddies. It is the first time for Chinese
boys to join the activity, with the four lucky ones selected from more
than 2,000 applicants countrywide.[cnsphoto]

Page: 1 2

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� N.Korea confirms missile tests, vows more launches

� Zidane steers France to World Cup final

� Chinese cars target US auto show

� India, China reopen Silk Road pass

� China urges calm over missile tests

Top Sport News 

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NY OKs $1.6B bonds for WTC towers

WORLD / America

 NY OKs $1.6B bonds for WTC towers
(AP)
Updated: 2006-06-15 09:00

NEW YORK - A state agency on Wednesday approved using $1.6 billion in
tax-exempt bonds to build three office towers at the World Trade Center
site.

The Empire State Development Corp. approved use of the Liberty Bonds for
towers that are under private developer Larry Silverstein's control.
Silverstein retained control of those towers after his lease was
renegotiated earlier this year.

The federal government issued a total of $8 billion in Liberty Bonds
after the Sept. 11, 2001, attacks to provide tax-exempt financing for
downtown Manhattan rebuilding.

The city intends to issue $920.9 million in Liberty Bonds under its
control to build the three towers next month.

The remaining $3.35 billion in Liberty Bonds will go to the Port
Authority of New York and New Jersey, which is paying to build the
symbolic Freedom Tower and another building at the trade center site.

Silverstein spokesman Bud Perrone said the developer is working with
three architects on designs for the three towers and "with financing in
place, will begin construction of those towers as soon as the sites are
made available."

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� President Hu meets with SCO summiteers

� Loans surge amid cooling efforts

� Bumper harvest in sight of China

� NY OKs $1.6B bonds for WTC towers

� Cross-Straits charter flights expand

Top World News 

� Clashes, car bomb as Iraq launches Baghdad sweep

� Bush: Troops to stay until not needed

� Katrina aid spent on divorce, sex change

� US, Iraqi forces mount crackdown

� Judge hurries Saddam's defense proceedings

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Glamorous politician wants law to allow 7-year itch

?  ?

WORLD / Europe

Glamorous politician wants law to allow 7-year itch

(Agencies)
Updated: 2007-09-24 10:26

Berlin - Bavaria's most glamorous politician -- a flame-haired
motorcyclist who helped bring down state premier Edmund Stoiber -- has
shocked the Catholic state in Germany by suggesting marriage should last
just 7 years.

Bavaria's conservative Christian Socialist (CSU) rebel Gabriele Pauli
answers reporter questions during a news conference in Munich September
19, 2007. [Reuters]

Gabriele Pauli, who poses on her website in motorcycle leathers, is
standing for the leadership of Bavaria's Christian Social Union (CSU) --
sister party of Chancellor Angela Merkel's conservative Christian
Democrats (CDU) -- in a vote next week.

She told reporters at the launch of her campaign manifesto on Wednesday
she wanted marriage to expire after seven years and accused the CSU,
which promotes traditional family values, of nurturing ideals of marriage
which are wide of the mark.

"The basic approach is wrong ... many marriages last just because people
believe they are safe," she told reporters. "My suggestion is that
marriages expire after seven years."

After that time, couples should either agree to extend their marriage or
it should be automatically dissolved, she said.

Fifty-year-old Pauli, twice divorced, is a maverick intent on shaking up
her male-dominated and mainly Catholic party which has dominated Bavarian
politics since World War Two.

"This is about bringing ideas into the CSU and starting a discussion,"
she told German television on Thursday after she had unleashed a wave of
criticism from other politicians.

Former foe Stoiber said she did not belong in the CSU and European
lawmaker Ingo Freidrich dismissed her views.

"She is diametrically contradicting our Christian, ethical values,"
Freidrich said.

Peter Ramsauer, head of the CSU in Germany's parliament, compared Pauli's
ideas to "the dirt under your fingernails".

Pauli, who attracted attention earlier this year when she posed for a
magazine wearing long black latex gloves, was at the centre of a snooping
scandal which eventually led to Stoiber, Bavarian premier for 14 years,
saying he would stand down early.

She said his office tried to obtain details about lovers and alcohol
consumption to use against her.

The CSU will elect Stoiber's successor as party head at a conference next
week. He will be replaced as state premier in early October.

Viewed as a party rebel, Pauli stands almost no chance of winning next
week's vote. The contest has been fought mainly between Bavarian state
economy minister Erwin Huber and German Consumer Minister Horst Seehofer.

The popularity of Seehofer, a 58-year-old married father of three, has
suffered from the disclosure that he had been having an affair with a
younger woman who recently had his baby.

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* Fukuda wins Japan leadership race; to become PM

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* Confidence in dollar sags after Fed rate cut
* China bows out with head held high
* Yang, Rice meet on bilateral ties
* Iran, US not headed for war
* Fukuda wins Japan leadership race

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Liu wins at weightlifting championships

?  ?

Sports / Center

Liu wins at weightlifting championships

(Agencies)
Updated: 2007-09-23 20:51

Liu Haixia of China celebrates after completing a lift in the women's
63kg clean and jerk at the World Weightlifting Championships in Chiang
Mai September 23, 2007. [Reuters]

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* Brazil break duck with Robinho hat-trick
* China coach tries to save job in Asian Cup
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* Late starters face uphill task in China
* LA Galaxy to present Beckham on July 13

Today's Top News ?

* Host China eliminated from Women's World Cup
* Fukuda wins Japan leadership race
* Int'l cooperation urged to fight hackers
* 2m turned homeless since Iraqi war
* One more missing Russian tourist found

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Tian'anmen decoration almost finished

?  ?

PHOTO / China

Tian'anmen decoration almost finished

(Xinhua)
Updated: 2007-09-23 10:59

A worker arranges a flower terrace on Tian'anmen Square in Beijing,
September 21, 2007. The decoration on the square for the upcoming
National Day on October 1 is near completion. [Xinhua]

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Today's Top News ?

* More buses, fewer cars on 'Car Free Day'
* Fujimori returns to Peru to face trial
* Int'l cooperation urged to fight hackers
* China to build new space launch center
* One more missing Russian tourist found

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Germany beat N.Korea 3-0, reach semi-finals

?  ?

PHOTO / Sports

Germany beat N.Korea 3-0, reach semi-finals

(Agencies)
Updated: 2007-09-22 19:52

?

?

Germany's goalkeeper Nadine Angerer (L) and North Korea's Jong Pok Sim
(R) fight for the ball during their quarter-final soccer match in the
2007 FIFA Women's World Cup at the Wuhan Sport Centre Stadium in China
September 22, 2007. [Reuters]

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Today's Top News ?

* China willing to share animal disease information
* Toymaker apologizes for flawed goods
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Taliban agrees to free S.Korean hostages

?  ?

WORLD / Asia-Pacific

Taliban agrees to free S.Korean hostages

(AP)
Updated: 2007-08-28 19:43

The Taliban agreed Tuesday to free 19 South Korean church volunteers held
hostage since July after the government in Seoul pledged to end all
missionary work and keep a promise to withdraw its troops from
Afghanistan by the end of the year.

International Red Cross vehicles carry the Taliban representatives to the
Afghan Red Crescent Society of Gazni province, where the Taliban and
Korean delegations will discuss for fate of the Korean hostages in the
city of Ghazni province, west of Kabul, Afghanistan, Aug. 28, 2007. [AP]?

The Taliban originally seized 23 South Koreans, but have since killed two
of the hostages and released two others.

Direct talks between Taliban negotiators and South Korean officials in
central Afghanistan led to the agreement to end the hostage crisis, which
had exposed the growing security problems facing Afghanistan.

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"I would like to dance," Cho Myung-ho, mother of 28-year-old hostage Lee
Joo-yeon, said in South Korea after hearing news of the impending
release. There was no word, though, on when it would take place.

Qari Yousef Ahmadi, a Taliban spokesman, said South Korean and Taliban
delegates at face-to-face talks Tuesday in the central town of Ghazni had
"reached an agreement" to free the captives.

South Korean presidential spokesman Cheon Ho-sun said the deal had been
reached "on the condition that South Korea withdraws troops by the end of
year and South Korea suspends missionary work in Afghanistan," he said.

In reaching the deal, South Korea did not appear to commit to anything it
did not already plan to do. Seoul has already said it would withdraw its
200 non-combat troops by the end of the year and has also sought to
prevent missionaries from causing trouble in countries where they were
not wanted.

"We welcome the agreement to release 19 South Koreans," said Cheon.

The government and relatives of the hostages had insisted that the 19
kidnapped South Koreans were not missionaries, but were doing aid work.

The Taliban had initially demanded the withdrawal of South Korean troops
from the country and the release of prisoners in exchange for freeing the
hostages, but Afghan officials had ruled out any exchange, saying it
would only encourage further kidnappings.

Taliban spokesmen have previously said they had no interest in a ransom
payment.

Presidential spokesman Cheon said that he was informed by South Korean
officials in Afghanistan that money was not discussed during negotiations
with the Taliban, which were mediated by representatives of the
International Committee of the Red Cross.

Relatives of the South Koreans hostages held by the Taliban leave for the
Qatari embassy to appeal for the safe return of the 19 remaining
hostages, in Seongnam, south of Seoul, August 28, 2007. [Reuters]

"We are sorry to the public for causing concern, but we thank the
government officials for the (impending) release," said Cha Sung-min,
whose 32-year-old sister Cha Hye-jin was being held.

"Still, our hearts are broken as two died, so we convey our sympathy to
the bereaved family members," said Cha, 31, who has served as a spokesman
for the hostages' relatives.

Abductions have become a key insurgent tactic in recent months in trying
to destabilize the country, targeting both Afghan officials and
foreigners helping with reconstruction. A German engineer and four Afghan
colleagues kidnapped a day before the South Koreans are still being held.

Violence in Afghanistan is running at its highest level since the Taliban
ouster.

In eastern Afghanistan, a suicide bomber attacked NATO troops helping
build a bridge, killing three soldiers.

The suicide bomber approached the troops building a bridge in eastern
Afghanistan on Tuesday, killing three soldiers and wounding six, NATO
said. The alliance did not disclose the nationalities of the victims or
the exact location of the blast. Most foreign troops in the east of the
country are American.

US-led coalition and Afghan troops, meanwhile, killed up to 21 suspected
Taliban militants in three separate clashes in southern Afghanistan, and
a roadside blast killed four Afghan soldiers in the east, officials said.

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* US Attorney General Gonzales resigns
* Prosecutor orders probe into Greek fires

Today's Top News ?

* US opposes Taiwan's UN membership referendum
* Party Congress set for mid-October
* Asian investors, fasten your safety belts
* Doctor killed Beethoven - Pathologist
* Greek fires reach ancient Olympics site

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Greek fires kill 60 but spare Olympia

?  ?

WORLD / Europe

Greek fires kill 60 but spare Olympia

(Reuters)
Updated: 2007-08-27 07:36

ANCIENT OLYMPIA - Firefighters saved the temples and stadiums of ancient
Olympia, birthplace of the Olympic Games, from forest fires which razed
nearby villages and took the death toll from Greece's three-day inferno
to 60.

A villager covers his face with a wet towel to protect himself from the
smoke as fire burns an outdoor garage in the background in the village of
Platanos in south Peloponnese, about 350 km (217 miles) from Athens,
August 26, 2007. [Reuters]?

Dozens of blazes, from northern Greece to the tip of the Peloponnese
peninsula in the south, have blackened hillsides, destroyed forests and
raced through towns and villages, causing unprecedented destruction.

Hundreds of houses have been burned and thousands of people have fled the
fires, seeking temporary refuge in schools, hotels and regional health
centers.

On Sunday the government offered rewards of up to a million euros ($1.36
million) for help in tracking down arsonists who it suggests have played
a major role in Greece's worst forest fires in decades.

Thick black smoke billowed over the well-preserved ruins of Olympia, on
the Peloponnese. The blaze crept up a hillside, engulfing surrounding
pine and cypress woods.

"With self-sacrifice, firefighters fought 'trench battles' to rescue
these sensitive and important sites," Public Order Minister Byron
Polydoras told reporters.

Fire scorched the yard of the museum at Olympia, housing famous classical
sculptures such as Praxiteles' Hermes, but planes, helicopters and scores
of firefighters beat it back.

Some 60 firefighters and six trucks remained at the site to battle any
flare-up, the fire brigade said.

Ancient Olympia, which hosted the Olympics for centuries from 776 BC,
holds an Olympic flame ceremony every two years and is among the most
popular tourist sites in the country.

"Here it is, the contrast: ancient Greece gave the world civilization and
modern Greece gives it destruction," a resident of ancient Olympia told
Alter TV station.

Towering walls of flame have cut a swathe of destruction through the
southern Peloponnese and the island of Evia near the capital and swept
across other regions, prompting Greece to declare a nationwide state of
emergency on Saturday.

"The destruction is of biblical proportions," Nicholas Orphanos, a
volunteer firefighter in the Peloponnese, told reporters. "There are
villages we want to go to and we cannot because the roads are blocked. In
30 years, I have never seen such destruction."

The fires have covered Athens in thick white ash that swirled round the
temples on the Acropolis, and the smell of smoke permeated the city.

Reward?Offered

Prime Minister Costas Karamanlis, who has called a snap parliamentary
election on September 16, has suggested arsonists are behind the fires,
and the government has offered a reward for information leading to their
capture.

"The reward is set between 100,000 and 1 million euros for every (act of)
arson, depending on whether death or serious injury occurred and the size
of the damage," the Public Order Ministry said in a statement.

Many local mayors have accused rogue land developers of setting fires to
make way for new construction on virgin forest and farm land. So far,
police have arrested two elderly people and two boys on suspicion of
starting fires deliberately.

The first fires broke out on Friday and others erupted in scores of
places around the country. The death toll rose to 60 and health officials
said it could increase as many villages remain cut off.

"We will all burn tonight," a resident of Matesi village told Mega
television on Sunday. "Where will we go, we are trapped everywhere. Are
we all going to burn like mice?"

The overstretched fire brigade threw reinforcements from Greece's EU
partners into action to fight blazes stretching over 160 km (100 miles)
across the Peloponnese, the island of Evia and northern and central
Greece.

Two French and one Italian firefighting plane dropped water on burning
hillsides and 60 firefighters from Cyprus joined the fray. More help was
expected from at least 11 countries.

Villagers used garden hoses and buckets in futile efforts to save their
homes. Others jeered politicians, including Culture Minister George
Voulgarakis who visited ancient Olympia to assess the damage.

The government has been criticized for reacting too slowly to forest
fires that killed 10 people earlier this summer and the blazes are sure
to become a central election campaign issue.

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* Total lunar eclipse early Tuesday
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* Greek fires reach ancient Olympics site
* Miners crawl out after 130 hours
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* Premier: China opposes hackers
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WORLD / Top News ElBaradei: Iran not an immediate nuclear threat (Reuters) Updated: 2006-05-31 09:08 Iran does not pose an immediate nuclear threat and the world must act cautiously to avoid WORLD / Top News ElBaradei: Iran not an immediate nuclear threat (Reuters) Updated: 2006-05-31 09:08 Iran does not pose an immediate nuclear threat and the world must act cautiously to avoid repeating mistakes made with Iraq and North Korea, the head of the U.N, nuclear watchdog agency said on Tuesday. International Atomic Energy Agency (IAEA) Director General Mohamed El Baradei briefs the media during a board of governors meeting in Vienna's U.N. headquarters February 2, 2006. Iran does not pose an immediate nuclear threat and the world must act cautiously to avoid repeating mistakes made with Iraq and North Korea, ElBaradei said on Tuesday.[Reuters] Mohamed ElBaradei, director of the International Atomic Energy Agency, said the world shouldn't "jump the gun" with erroneous information as he said the U.S.-led coalition did in Iraq in 2003, nor should it push the country into retaliation as international sanctions did in North Korea. "Our assessment is that there is no immediate threat," the winner of the 2005 Nobel Peace Prize told a forum organized by the Monterey Institute of International Studies south of San Francisco. "We still have lots of time to investigate." "You look around in the Middle East right now and it's a total mess," he said. "You can not add oil to that fire." The recent violent history in Iraq bears an important lesson for diplomacy with neighboring Iran, the diplomat said. "We should not jump the gun. We should be very careful about assessing the information available to us," he said. The Bush administration led a coalition into Iraq in 2003 saying President Saddam Hussein was developing weapons of mass destruction. No such weapons were found. "I ask myself every day if that's the way we want to go in getting rid of every single dictator," ElBaradei said. While it was unclear whether Iran ultimately intended to redirect its development of nuclear power into a weapons system, it was clear there was no danger of that right now, he said. The five U.N. Security Council permanent powers and Germany, trying to curb Tehran's nuclear program, are planning to meet in Vienna on Thursday to try to finalize a package of incentives for Iran to halt uranium enrichment along with penalties if it keeps defying international pressure. ElBaradei said he believed a majority in the Iranian leadership was still interested in a negotiated solution and normal relations with the world. The United States is pressing for tough U.N. sanctions if Iran does not comply. "It would be terrible" to try to strengthen sanctions, which could force Iran to retaliate, he said. "We have learned some lessons from North Korea," he said. "When you push a country into a corner, you are giving the driver's seat to the hard-liners there." Most Commented/Read Stories in 48 Hours Today's Top News � Russia, China close ranks in Central Asia � China emerging from shadows of AIDS � Court hears last appeal for fugitive Lai � Foot-and-mouth in Hubei, Gansu � Yangtze river 'cancerous' with pollution Top World News � ElBaradei: Iran not an immediate nuclear threat � Pentagon: Iraq insurgency steady until '07 � Annan: Afghan riots reveal 'deeper problems' � U.S. moving 1,500 troops to Iraq � Troops keep watch over Afghan capital Alibaba is the largest B2B marketplace in the world. Source model ship, wooden puzzle, one-piece toilet, RC hovercraft, photo album, prom dress, pocket bike, Vaginal Speculum, Samurai Sword, String Panty and PVC Pipe. 20071125 http://www.hellomandarin.net repeating mistakes made with Iraq and North Korea, the head of the U.N, nuclear watchdog agency said on Tuesday. International Atomic Energy Agency (IAEA) Director General Mohamed El Baradei briefs the media during a board of governors meeting in Vienna's U.N. headquarters February 2, 2006. Iran does not pose an immediate nuclear threat and the world must act cautiously to avoid repeating mistakes made with Iraq and North Korea, ElBaradei said on Tuesday.[Reuters] Mohamed ElBaradei, director of the International Atomic Energy Agency, said the world shouldn't "jump the gun" with erroneous information as he said the U.S.-led coalition did in Iraq in 2003, nor should it push the country into retaliation as international sanctions did in North Korea. "Our assessment is that there is no immediate threat," the winner of the 2005 Nobel Peace Prize told a forum organized by the Monterey Institute of International Studies south of San Francisco. "We still have lots of time to investigate." "You look around in the Middle East right now and it's a total mess," he said. "You can not add oil to that fire." The recent violent history in Iraq bears an important lesson for diplomacy with neighboring Iran, the diplomat said. "We should not jump the gun. We should be very careful about assessing the information available to us," he said. The Bush administration led a coalition into Iraq in 2003 saying President Saddam Hussein was developing weapons of mass destruction. No such weapons were found. "I ask myself every day if that's the way we want to go in getting rid of every single dictator," ElBaradei said. While it was unclear whether Iran ultimately intended to redirect its development of nuclear power into a weapons system, it was clear there was no danger of that right now, he said. The five U.N. Security Council permanent powers and Germany, trying to curb Tehran's nuclear program, are planning to meet in Vienna on Thursday to try to finalize a package of incentives for Iran to halt uranium enrichment along with penalties if it keeps defying international pressure. ElBaradei said he believed a majority in the Iranian leadership was still interested in a negotiated solution and normal relations with the world. The United States is pressing for tough U.N. sanctions if Iran does not comply. "It would be terrible" to try to strengthen sanctions, which could force Iran to retaliate, he said. "We have learned some lessons from North Korea," he said. "When you push a country into a corner, you are giving the driver's seat to the hard-liners there." Most Commented/Read Stories in 48 Hours Today's Top News � Russia, China close ranks in Central Asia � China emerging from shadows of AIDS � Court hears last appeal for fugitive Lai � Foot-and-mouth in Hubei, Gansu � Yangtze river 'cancerous' with pollution Top World News � ElBaradei: Iran not an immediate nuclear threat � Pentagon: Iraq insurgency steady until '07 � Annan: Afghan riots reveal 'deeper problems' � U.S. moving 1,500 troops to Iraq � Troops keep watch over Afghan capital Alibaba is the largest B2B marketplace in the world. Source model ship, wooden puzzle, one-piece toilet, RC hovercraft, photo album, prom dress, pocket bike, Vaginal Speculum, Samurai Sword, String Panty and PVC Pipe. 20071125 http://www.hellomandarin.net

? ? Sports / Celebrity Bao Chunlai (Sina) Updated: 2007-08-2 ? ? Sports / Celebrity Bao Chunlai (Sina) Updated: 2007-08-23 11:31 ?? ?? 1?? 2?? 3?? 4?? 5?? 6?? 7?? 8?? ?? ?? ?? 1?? 2?? 3?? 4?? 5?? 6?? 7?? 8?? ?? Top Sports News ? * Brazil break duck with Robinho hat-trick * China coach tries to save job in Asian Cup * NFL hopes its game doesn't get lost in translation in China * Late starters face uphill task in China * LA Galaxy to present Beckham on July 13 Today's Top News ? * Quality labeling aims to curb illegal food exports * SCO vows to make Games a success * Sex imbalance linked to social ills * China stocks pass 5,000 mark * China probing mine flood, rescue work comes first Most Commented/Read Stories in 48 Hours 20071125 http://www.hellomandarin.net 3 11:31 ?? ?? 1?? 2?? 3?? 4?? 5?? 6?? 7?? 8?? ?? ?? ?? 1?? 2?? 3?? 4?? 5?? 6?? 7?? 8?? ?? Top Sports News ? * Brazil break duck with Robinho hat-trick * China coach tries to save job in Asian Cup * NFL hopes its game doesn't get lost in translation in China * Late starters face uphill task in China * LA Galaxy to present Beckham on July 13 Today's Top News ? * Quality labeling aims to curb illegal food exports * SCO vows to make Games a success * Sex imbalance linked to social ills * China stocks pass 5,000 mark * China probing mine flood, rescue work comes first Most Commented/Read Stories in 48 Hours 20071125 http://www.hellomandarin.net

? ? WORLD / Middle East US military looks to reduce role in Iraq (AP) Updated: 2007-08-2 ? ? WORLD / Middle East US military looks to reduce role in Iraq (AP) Updated: 2007-08-21 10:35 WASHINGTON -- US military officials are narrowing the range of Iraq strategy options and appear to be focusing on reducing the US combat role in 2008 while increasing training of Iraqi forces, a senior military official said on Monday. In this image released by the US Army, soldiers of 5th Battalion, 20th Infantry Regiment, 3rd Stryker Brigade Combat Team, out of Fort Lewis, Washington, pull security while on patrol in Baqouba, Iraq, 60 kilometers (35 miles) northeast of Baghdad Thursday, March 15, 2007. [AP] The military has not yet developed a plan for a substantial withdrawal of forces next year. But officials are laying the groundwork for possible overtures to Turkey and Jordan on using their territory to move some troops and equipment out of Iraq, the official said. The main exit would remain Kuwait, but additional routes would make it easier and more secure for US troops leaving western and northern Iraq. The official, who spoke on condition of anonymity because internal deliberations are ongoing, emphasized that the discussions do not prejudge decisions yet to be made by President Bush. Those decisions include how long to maintain the current US troop buildup and when to make the transition to a larger Iraqi combat role. It is widely anticipated that the five extra Army brigades that were sent to the Baghdad area this year will be withdrawn by late next summer. But it is far less clear whether the Bush administration will follow that immediately with additional drawdowns, as many Democrats in Congress are advocating. Bush has mentioned publicly that he likes the idea, first proposed late last year by the Iraq Study Group, of switching the emphasis of US military efforts from mainly combat to mainly support roles. But he also has said that this should not happen until Baghdad in particular is stable enough to enable Iraqi political leaders to make hard choices about reconciling rival interests among Sunnis, Shiites and Kurds. There are now 162,000 US troops in Iraq, of which 30,000 have arrived since February as part of Bush's revised strategy to stabilize Baghdad and to push Iraqi leaders to build a government of national unity. Military efforts to stabilize the country have made strides in recent months, but political progress has lagged. ?? ?? 1?? 2?? ?? ?? ?? 1?? 2?? ?? Top World News ? * Bush: It's up to Iraqi people to determine govt's fate * Iraq trial opens against ex-officials * Russia: Czechs make "big mistake" on US radar * German woman abducted in Kabul * Powerful earthquake rattles Peru, killing 510 Today's Top News ? * China raises interest rates again to curb inflation * Chinese abroad to be better protected * US act on poultry reflects 'protectionism' * CIA missed chances to thwart al-Qaida * China working all-out for trapped miners Most Commented/Read Stories in 48 Hours 20071125 http://www.hellomandarin.net 1 10:35 WASHINGTON -- US military officials are narrowing the range of Iraq strategy options and appear to be focusing on reducing the US combat role in 2008 while increasing training of Iraqi forces, a senior military official said on Monday. In this image released by the US Army, soldiers of 5th Battalion, 20th Infantry Regiment, 3rd Stryker Brigade Combat Team, out of Fort Lewis, Washington, pull security while on patrol in Baqouba, Iraq, 60 kilometers (35 miles) northeast of Baghdad Thursday, March 15, 2007. [AP] The military has not yet developed a plan for a substantial withdrawal of forces next year. But officials are laying the groundwork for possible overtures to Turkey and Jordan on using their territory to move some troops and equipment out of Iraq, the official said. The main exit would remain Kuwait, but additional routes would make it easier and more secure for US troops leaving western and northern Iraq. The official, who spoke on condition of anonymity because internal deliberations are ongoing, emphasized that the discussions do not prejudge decisions yet to be made by President Bush. Those decisions include how long to maintain the current US troop buildup and when to make the transition to a larger Iraqi combat role. It is widely anticipated that the five extra Army brigades that were sent to the Baghdad area this year will be withdrawn by late next summer. But it is far less clear whether the Bush administration will follow that immediately with additional drawdowns, as many Democrats in Congress are advocating. Bush has mentioned publicly that he likes the idea, first proposed late last year by the Iraq Study Group, of switching the emphasis of US military efforts from mainly combat to mainly support roles. But he also has said that this should not happen until Baghdad in particular is stable enough to enable Iraqi political leaders to make hard choices about reconciling rival interests among Sunnis, Shiites and Kurds. There are now 162,000 US troops in Iraq, of which 30,000 have arrived since February as part of Bush's revised strategy to stabilize Baghdad and to push Iraqi leaders to build a government of national unity. Military efforts to stabilize the country have made strides in recent months, but political progress has lagged. ?? ?? 1?? 2?? ?? ?? ?? 1?? 2?? ?? Top World News ? * Bush: It's up to Iraqi people to determine govt's fate * Iraq trial opens against ex-officials * Russia: Czechs make "big mistake" on US radar * German woman abducted in Kabul * Powerful earthquake rattles Peru, killing 510 Today's Top News ? * China raises interest rates again to curb inflation * Chinese abroad to be better protected * US act on poultry reflects 'protectionism' * CIA missed chances to thwart al-Qaida * China working all-out for trapped miners Most Commented/Read Stories in 48 Hours 20071125 http://www.hellomandarin.net

? ? WORLD / America Survivors of Peru quake fear aftershocks (AP) Updated: 2007-08-1 ? ? WORLD / America Survivors of Peru quake fear aftershocks (AP) Updated: 2007-08-17 22:55 PISCO, Peru - Rescuers combed rubble for survivors after a powerful earthquake devastated cities and sent a church's soaring ceiling tumbling down on hundreds of worshippers in southern Peru, and at least six strong aftershocks struck early Friday. People take their belongings of their destroyed house in Ica, south of Lima August 16, 2007. Rescuers searched collapsed homes and churches in Peru on Thursday for more victims of a massive 7.9-magnitude earthquake that killed hundreds, cracked and cut off roadways and left thousands without power. [Reuters] Officials said the death toll across the region hit by Wednesday's magnitude-8 temblor topped 500. In the gritty port city of Pisco, searchers at San Clemente church pulled at least 60 bodies out of the ruins and lined them up on the plaza. Doctors struggled to help more than 1,500 injured, including hundreds who waited on cots in the open air, fearing more aftershocks - including a magnitude 5.9 that struck Friday morning - would send buildings crashing down. Related readings: 500 dead in strong quake in Peru Powerful quake kills about 500 in Peru 355 killed in Peru quake Massive earthquake kills 337 in Peru Peru's fire department said the death toll from the magnitude-8 quake that devastated the southern coast had risen to 510, and rescuers were still digging through ruins of collapsed adobe homes in cities and hamlets. Destruction from Wednesday's quake was centered in Peru's southern desert, near the oasis city of Ica and nearby Pisco, about 125 miles southeast of the capital of Lima. Hundreds had gathered in the pews of the San Clemente church on Wednesday - the day Roman Catholics celebrate the Virgin Mary's rise into heaven - for a special Mass marking one month since the death of a Pisco man. With minutes left in the Mass, the church's ceiling began to break apart. The shaking lasted for an agonizing two minutes, burying 200 people, according to the town's mayor. On Thursday, only two stone columns and the church's dome rose from a giant pile of stone, bricks, wood and dust. Rescuers laid out the dust-covered dead beneath bloodstained sheets in the city's plaza. Civil defense workers then arrived and zipped them into body bags. But relatives searching desperately for the missing unzipped the bags, sobbing each time they recognized a familiar face. Few in the traumatized crowds would talk with journalists. One man shouted at the bodies of his wife and two small daughters as they were pulled from the rubble: "Why did you go? Why?" Pisco Mayor Juan Mendoza told Lima radio station CPN, sobbing: "The dead are scattered by the dozens on the streets. We don't have lights, water, communications. Most houses have fallen. Churches, stores, hotels - everything is destroyed." As dusk fell, Health Minister Carlos Vallejos said finding survivors seemed increasingly unlikely. "We keep losing hope of finding someone alive after 24 hours have passed" since the quake struck, Vallejos?said outside of the church. ?? ?? 1?? 2?? ?? ?? ?? 1?? 2?? ?? Top World News ? * Peru earthquake survivors loot, fight for food * US Fed cuts discount rate on loans * Russia resumes long-range bomber patrols * Powerful earthquake rattles Peru, killing 510 * Earthquake kills at least 337 in Peru Today's Top News ? * 172 missing after surface water floods coal mine * SCO members tackle terrorism * Food safety high on official agenda * Beijing sees clearer roads during test * Peru quake survivors fear aftershocks Most Commented/Read Stories in 48 Hours 20071125 http://www.hellomandarin.net 7 22:55 PISCO, Peru - Rescuers combed rubble for survivors after a powerful earthquake devastated cities and sent a church's soaring ceiling tumbling down on hundreds of worshippers in southern Peru, and at least six strong aftershocks struck early Friday. People take their belongings of their destroyed house in Ica, south of Lima August 16, 2007. Rescuers searched collapsed homes and churches in Peru on Thursday for more victims of a massive 7.9-magnitude earthquake that killed hundreds, cracked and cut off roadways and left thousands without power. [Reuters] Officials said the death toll across the region hit by Wednesday's magnitude-8 temblor topped 500. In the gritty port city of Pisco, searchers at San Clemente church pulled at least 60 bodies out of the ruins and lined them up on the plaza. Doctors struggled to help more than 1,500 injured, including hundreds who waited on cots in the open air, fearing more aftershocks - including a magnitude 5.9 that struck Friday morning - would send buildings crashing down. Related readings: 500 dead in strong quake in Peru Powerful quake kills about 500 in Peru 355 killed in Peru quake Massive earthquake kills 337 in Peru Peru's fire department said the death toll from the magnitude-8 quake that devastated the southern coast had risen to 510, and rescuers were still digging through ruins of collapsed adobe homes in cities and hamlets. Destruction from Wednesday's quake was centered in Peru's southern desert, near the oasis city of Ica and nearby Pisco, about 125 miles southeast of the capital of Lima. Hundreds had gathered in the pews of the San Clemente church on Wednesday - the day Roman Catholics celebrate the Virgin Mary's rise into heaven - for a special Mass marking one month since the death of a Pisco man. With minutes left in the Mass, the church's ceiling began to break apart. The shaking lasted for an agonizing two minutes, burying 200 people, according to the town's mayor. On Thursday, only two stone columns and the church's dome rose from a giant pile of stone, bricks, wood and dust. Rescuers laid out the dust-covered dead beneath bloodstained sheets in the city's plaza. Civil defense workers then arrived and zipped them into body bags. But relatives searching desperately for the missing unzipped the bags, sobbing each time they recognized a familiar face. Few in the traumatized crowds would talk with journalists. One man shouted at the bodies of his wife and two small daughters as they were pulled from the rubble: "Why did you go? Why?" Pisco Mayor Juan Mendoza told Lima radio station CPN, sobbing: "The dead are scattered by the dozens on the streets. We don't have lights, water, communications. Most houses have fallen. Churches, stores, hotels - everything is destroyed." As dusk fell, Health Minister Carlos Vallejos said finding survivors seemed increasingly unlikely. "We keep losing hope of finding someone alive after 24 hours have passed" since the quake struck, Vallejos?said outside of the church. ?? ?? 1?? 2?? ?? ?? ?? 1?? 2?? ?? Top World News ? * Peru earthquake survivors loot, fight for food * US Fed cuts discount rate on loans * Russia resumes long-range bomber patrols * Powerful earthquake rattles Peru, killing 510 * Earthquake kills at least 337 in Peru Today's Top News ? * 172 missing after surface water floods coal mine * SCO members tackle terrorism * Food safety high on official agenda * Beijing sees clearer roads during test * Peru quake survivors fear aftershocks Most Commented/Read Stories in 48 Hours 20071125 http://www.hellomandarin.net

Monday, November 26, 2007

? ? WORLD / Middle East 4 suicide bombings kill 200 in Iraq Updated: 2007-08-15 20:20 BAGHDAD - Rescuer ? ? WORLD / Middle East 4 suicide bombings kill 200 in Iraq Updated: 2007-08-15 20:20 BAGHDAD - Rescuers dug through the muddy wreckage of collapsed clay houses in northwest Iraq on Wednesday, uncovering victims of four suicide bombings that Iraqi officials said killed at least 200 people in one of the worst attacks of the war. A destroyed vehicle lies at the scene of a suicide bomb attack in Hilla, about 100 km (60 miles) south of Baghdad, August 15, 2007. [Reuters] The victims were members of a small Kurdish sect - the Yazidis - sometimes attacked by Muslim extremists who consider them infidels. Four suicide truck bombers struck nearly simultaneously on Tuesday, killing more people than any other concerted attack since Nov. 23, when 215 people were killed by mortar fire and five car bombs in Baghdad's Shiite Muslim enclave of Sadr City. It was most vicious attack yet against the Yazidis, an ancient religious community in the region. Some 300 people were wounded in the blasts, said Dakhil Qassim, the mayor of the nearby town of Sinjar. Qassim said the four trucks approached the town of Qahataniya, 75 miles west of Mosul, Iraq's third-largest city, from dirt roads and all exploded within minutes of each other. He said the casualty tolls were expected to rise. "We are still digging with our hands and shovels because we can't use cranes because many of the houses were built of clay," Qassim said. "We are expecting to reach the final death toll tomorrow or day after tomorrow as we are getting only pieces of bodies." ?? ?? 1?? 2?? 3?? ?? ?? ?? 1?? 2?? 3?? ?? Top World News ? * Russia: Czechs make "big mistake" on US radar * US military looks to reduce role in Iraq * Time travel machine outlined * German woman abducted in Kabul * Powerful earthquake rattles Peru, killing 510 Today's Top News ? * China raises interest rates 4th time in 2007 to curb inflation * China working all-out for 181 trapped miners though hopes dim * Multinationals blacklisted for pollution * Police warn of Olympic hijack threat * Hope fades for 181 trapped miners Most Commented/Read Stories in 48 Hours 20071125 http://www.hellomandarin.net s dug through the muddy wreckage of collapsed clay houses in northwest Iraq on Wednesday, uncovering victims of four suicide bombings that Iraqi officials said killed at least 200 people in one of the worst attacks of the war. A destroyed vehicle lies at the scene of a suicide bomb attack in Hilla, about 100 km (60 miles) south of Baghdad, August 15, 2007. [Reuters] The victims were members of a small Kurdish sect - the Yazidis - sometimes attacked by Muslim extremists who consider them infidels. Four suicide truck bombers struck nearly simultaneously on Tuesday, killing more people than any other concerted attack since Nov. 23, when 215 people were killed by mortar fire and five car bombs in Baghdad's Shiite Muslim enclave of Sadr City. It was most vicious attack yet against the Yazidis, an ancient religious community in the region. Some 300 people were wounded in the blasts, said Dakhil Qassim, the mayor of the nearby town of Sinjar. Qassim said the four trucks approached the town of Qahataniya, 75 miles west of Mosul, Iraq's third-largest city, from dirt roads and all exploded within minutes of each other. He said the casualty tolls were expected to rise. "We are still digging with our hands and shovels because we can't use cranes because many of the houses were built of clay," Qassim said. "We are expecting to reach the final death toll tomorrow or day after tomorrow as we are getting only pieces of bodies." ?? ?? 1?? 2?? 3?? ?? ?? ?? 1?? 2?? 3?? ?? Top World News ? * Russia: Czechs make "big mistake" on US radar * US military looks to reduce role in Iraq * Time travel machine outlined * German woman abducted in Kabul * Powerful earthquake rattles Peru, killing 510 Today's Top News ? * China raises interest rates 4th time in 2007 to curb inflation * China working all-out for 181 trapped miners though hopes dim * Multinationals blacklisted for pollution * Police warn of Olympic hijack threat * Hope fades for 181 trapped miners Most Commented/Read Stories in 48 Hours 20071125 http://www.hellomandarin.net

US homeowner woes felt around world

?  ?

WORLD / America

US homeowner woes felt around world

(Agencies)
Updated: 2007-08-13 10:18

Frankfurt --?The latest crisis in financial markets has once again served
as a reminder of how vital and interconnected the health of the US
economy is to that of the rest of the world.

From New York to Frankfurt to Tokyo, markets were jolted in the past week
by fears that Americans are failing to keep up with their mortgage
payments and the ripple effects that could have on the global banking and
financial system.

The fallout could further depress US housing prices by making it harder
to find buyers for a glut of foreclosed homes. That, coupled with a drop
in the value of investments, could leave US consumers feeling poorer and
less likely to spend on domestic and imported goods.

"The sharp falls in global stock markets obviously affect consumer
wealth, which again could dampen spending," said Howard Archer, chief
British and European economist at Global Insight.

The most immediate effect for the half of all American households who own
mutual funds and other individual investors worldwide is a decline in the
value of their investments, which may or may not be short-lived.

Around the globe, small-time investors are taking a beating. Stock prices
have slid in recent days as fears of the market crisis infected markets
worldwide. Worried investors sold stocks but finding buyers was hard,
which caused share prices to dip even lower.

"We all feel threatened, problems on the stock exchange have consequences
for the economy of America and of the world" said Gabriella Savarini, a
69-year-old shopkeeper in Rome. "America influences all, for good or for
bad."

The distress in the markets makes it harder and more expensive for
businesses and consumers to get loans and cash, Archer said. If companies
cannot get loans, they cannot expand and may have to cut expenses,
typically through layoffs.

America faced a crisis similar to the current mortgage fiasco when
hundreds of savings and loan companies went belly-up in the 1980s. Back
then, the fallout did not spread dramatically to foreign shores because
the US government stepped in to bail out the banks and repay depositors.

But the past two decades have seen a quantum leap in globalization and
outsourcing, crumbling trade barriers, and a revolution in financial
markets have knit the world tightly together.

A steep sell-off in global markets on Thursday and Friday was triggered
by distress signals from France's biggest bank, BNP Paribas, which had to
freeze billions of dollars in assets in three mutual funds because of the
falling value of securities linked to high-risk mortgages taken out by US
borrowers.

"I'm sitting here in Brazil and Brazilian markets have gotten crushed by
this. ... It's hit all the emerging markets," said Kenneth Rogoff, a
former director of research at the International Monetary Fund and now a
professor at Harvard University. "If this were to snowball next week, it
would affect markets in Turkey, Indonesia."

Global interdependency isn't a recent phenomenon: The Wall Street stock
market crash of 1929 and the Great Depression affected the entire world,
and helped create the conditions for the rise of fascism in Europe.

But with faster communications and real-time trading, market jitters in
New York race around the world almost instantly today.

At the center of the concerns are high-risk loans to individuals or
businesses made by banks globally.

More Americans are failing to keep up with their home mortgage payments,
and there are concerns that this could ripple around the globe because
much of the debt from mortgages has been packaged into securities sold to
pension funds, banks and other investors who were hungry for high returns
on investments.

The same mortgage securities in the US that are crumbling in value are a
part of bigger holdings that banks from Japan to Germany bought into
because of low US interest rates and a good returns. That is, until the
mortgage holders started defaulting.

Meanwhile, the ability of banks to convert assets to cash quickly was in
doubt because some were unable to track how much money they poured into
now worthless securities backed by sub-prime US mortgages, or loans made
to high credit-risk individuals.

Those bad loans raised fears of broader credit troubles that could affect
the entire banking and financial system?-- concerns that caused stock
markets to plummet and threatened pensions.

The slide started innocuously in April after New Century Financial, a US
mortgage lender whose principle borrowers were Americans with
less-than-stellar credit, filed for bankruptcy protection. Its customers
were people who may have been late on credit card payments, maybe even
filed bankruptcy in previous years, but still wanted a shot at buying
their own home.

Lenders were only too happy to oblige?-- flush with cash and eager to
exploit new markets so they could, in turn, lend more money and increase
their profits.

Hedge funds and banks worldwide saw a market with opportunity and bought
up mortgage-backed securities.

A month later, USB AG, the giant financial company, said its hedge fund
business had lost $125 million in the first quarter largely on the back
of investments in the US sub-prime mortgage field. Then in July, Wall
Street's Bear Stearns closed a pair of hedge funds after it lost more
than $20 billion on mortgage-backed investments.

In early August, concerns mounted that those mortgage securities may not
have been as solid as people thought.

Those fears were capped by the Aug. 6 bankruptcy by Melville, NY-based
American Home Mortgage Investment Corp. American Home, once a major US
mortgage lender, said it fell victim to "extraordinary disruptions" that
effectively cut off the funding it needed to make new loans.

On Thursday, France's biggest bank, BNP Paribas, froze $2.2 billion held
in three funds because their exposure to sub-prime mortgages in the US
That intensified fears that risk was spreading worldwide.

With cash reserves running low, the interest rates that banks charge each
other for overnight loans rose so steeply that central banks in the US,
Europe and Asia poured tens of billions of dollars into the market to
make sure enough cash was available to meet demand.

Such large-scale central bank interventions are rare?-- that last major
injection came immediately after the Sept. 11 attacks in 2001.

Top World News ?

* US homeowner woes felt around world
* Italy probe unearths huge Iraq arms deal
* 5 American soldiers killed near Baghdad
* Taliban says not freeing Korean hostages - report
* Bush, Sarkozy pledge close ties

Today's Top News ?

* Dollar assets key part of China's reserves: PBOC
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* Taliban still says 2 Koreans to be freed
* Drill not to push SCO into military bloc

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Tour Victor contador to deliver doping-related statement

?  ?

Sports / Other Sports

Tour Victor contador to deliver doping-related statement

(Xinhua)
Updated: 2007-08-09 11:45

?

Tour de France winner Alberto Contador, who has been linked with a
Spanish doping investigation, will make a public statement on Friday.

The rider will publicize a communique at the offices of Spain's Superior
Council for Sports along with Discovery Channel Team head Johan Bruyneel,
Contador spokesman Jacinto Vidarte said Wednesday.

Vidarte said Contador would read a statement but not take questions. He
declined to elaborate on the nature of the announcement.

The appearance comes as Contador faces increased scrutiny over his
alleged links to the Operation Puerto blood-doping scandal.

Contador's name was associated with Spanish doctor Eufemiano Fuentes, who
was at the center of the investigation set off last May when Spain's
Civil Guard raided a Madrid clinic that allegedly provided doping
services to more than 50 riders.

Contador won this year's Tour de France by 23 seconds over Cadel Evans
after race leader Michael Rasmussen was removed by his team after
evidence that he lied about his whereabouts during training to evade drug
testing.

On Wednesday, organizers of the ProTour's Cyclassics event in Hamburg,
Germany, said Contador was not welcome to compete in their Aug. 19 event.
He was not expected to enter in any case.

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* China coach tries to save job in Asian Cup
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* Late starters face uphill task in China
* LA Galaxy to present Beckham on July 13

Today's Top News ?

* China invites the world to 2008 Olympic gala party
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* Govt pours $1b on drug, food safety
* Rain cripples New York City transit
* Two Koreas to hold summit this month

Most Commented/Read Stories in 48 Hours

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European nations draw up Iran compromise

WORLD / Middle East

 European nations draw up Iran compromise
(AP)
Updated: 2006-05-24 08:42

Key European nations put finishing touches Tuesday on a proposal meant to
enlist the support of Russia and China for possible U.N. Security Council
sanctions against Iran should Tehran refuse to abandon uranium
enrichment, diplomats said.

Iranian President Mahmoud Ahmadinejad (front row C) sits with commanders
from the Basij Militia in Tehran May 7, 2006. The United States aims to
resolve the Iran nuclear stand-off peacefully and diplomatically,
President George W. Bush said on Tuesday. [Reuters]

The compromise, which would drop the automatic threat of military action
if Iran remains defiant is part of a proposed basket of incentives meant
to entice Iran to give up enrichment, a possible pathway to nuclear arms.
It also spells out the penalties if it does not.

France, Britain and Germany discussed the final form of the package
Tuesday ahead of submission for hoped-for approval Wednesday at a formal
meeting of the five permanent Security Council members and Germany.

If accepted, the compromise would resolve wrangling within the Security
Council since it became actively involved in March, two months after
Iran's file was referred to it by the 35-nation board of the
International Atomic Energy Agency.

Russia and China have opposed calls by America, Britain and France for a
resolution threatening sanctions and enforceable by military action.

The compromise proposal is meant to break that deadlock, said the
diplomats, who demanded anonymity in exchange for discussing the package
with The Associated Press.

If Iran remains defiant, the proposal calls for a Security Council
resolution imposing sanctions under Chapter VII, Article 41 of the U.N.
Charter. But it avoids any reference to Article 42, which is the trigger
for possible military action to enforce any such resolution.

And in an additional reassurance to Moscow and Beijing, it specifically
calls for new consultations among the five permanent Security Council
members on any further steps against Iran. That is meant to dispel past
complaints by the Russians and Chinese that once the screws on Iran are
tightened, it would automatically start a process leading to military
involvement.

The proposed language represents compromise by the United States, Britain
and France, which for weeks had called for a full Chapter VII resolution
automatically carrying the threat of military action if ignored by Iran.

Still, it was unclear whether the changes would be enough to satisfy
Russia and China at the six-nation meeting Wednesday because any such
resolution would still declare Iran a threat to international
peace,something also opposed by both Moscow and Beijing. Russia and China
also have until recently spoken out against possible sanctions on Tehran,
their economic and strategic partner.

On the eve of the meeting, Russian news agencies cited Foreign Minister
Sergey Lavrov as again calling for political and diplomatic means to
solve the Iranian nuclear impasse.

Still, Lavrov also said Moscow favors the approach of the three European
Union countries in handling the crisis, a possible suggestion that it was
ready to accept the modified proposal for a council resolution as part of
the package of carrots if Iran cooperated and sticks if it didn't.

The draft European proposal, shared in part with The Associated Press,
listed among possible sanctions to imposed by the council banning travel
visas for government officials; freezing assets; banning financial
transactions of key government figures and those involved in Iran's
nuclear program; an arms embargo, and an embargo on shipping refined oil
products to Iran. While Iran is a major exporter of crude it has a
shortage of gasoline and other oil derivatives.

If Tehran agrees to suspend enrichment, enter new negotiations on its
nuclear program and lift a ban on intrusive inspections by the IAEA, they
would be offered rewards including agreement by the international
community to "suspend discussion of Iran's file at the Security Council."

The package also promised help in "the building of new light-water
reactors in Iran," offered an assured supply of nuclear fuel for up to
five years, and asked Tehran to accept a plan that would move its
enrichment program to Russia.

A European official said Washington was unlikely to compromise beyond
giving up insistence that any council resolution be automatically
militarily enforceable.

Concern has been building since 2002 when Iran was found to be working on
large-scale plans to enrich uranium. Iran insists it is only interested
in generating electricity, but the international community increasingly
fears it plans to build a nuclear bomb.

A series of IAEA reports since then have revealed worrying secret
activities and documents, including drawings of how to mold weapons-grade
uranium metal into the shape of a warhead.

Iran heightened international worries by announcing on April 11 that it
had enriched uranium with 164 centrifuges. Experts estimate that Iran
could produce enough nuclear material for one bomb if it had at least
1,000 centrifuges working for more than a year.

Most Commented/Read Stories in 48 Hours

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� West Bank plan, Iran top Olmert's US visit agenda

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