Thursday, November 17, 2011

Croatian PM vows economic reforms after election (Reuters)

ZAGREB (Reuters) ? Croatia will persist with fiscal consolidation and reforms to improve the business climate and boost growth after next month's general election, Jadranka Kosor, prime minister and head of the ruling conservative HDZ party, said Wednesday.

The former Yugoslav republic completed its European Union entry talks in June and is set to join the block in mid-2013.

But Kosor's HDZ, which is seeking a third straight four-year term in the December 4 vote, is far behind a center-left opposition coalition in opinion polls, with economic growth weak and a budget deficit this year of almost 5 percent of GDP.

"Our plan is to build on the results we've achieved. Now, we have mild growth and our economic priorities are to halve the budget gap by 2014 and carry on with removing obstacles for a favorable business climate," Kosor told Reuters in an interview.

The World Bank and the International Monetary Fund, as well as many businessmen and analysts, praised an economic recovery program that Kosor's government adopted in April 2010, but cautioned that its implementation was much too slow.

Croatia's bonds are currently rated at the lowest investment grade by the main rating agencies.

Two of the agencies recently changed their outlook from stable to negative and one from positive to stable on concern that the next government may not press on with reducing the fiscal deficit, cutting red tape, easing the high tax burden and reducing the role of the state in the economy.

"We want to reduce the fiscal gap by cutting spending while protecting socially vulnerable groups, and at the same time by boosting revenues through higher growth. The goal is to cut the gap to 1.8 percent of gross domestic product in 2014 from this year's 4.9 percent," Kosor said.

Croatia's public debt is rising and nearing 60 percent of GDP. Although this is relatively low by current euro zone standards, analysts say the negative trend, coupled with low growth prospects, is worrying.

Kosor's government has forecast that the economy will grow 1.0-1.5 percent this year and 2.0-2.5 percent next year, but independent analysts see growth at 1.0 percent this year and 1.5 percent next year at best, unless the new government improves the investment climate.

FIGHTING CORRUPTION

Kosor said she believed Croatia would not suffer a downgrade -- which would considerably raise financing costs and deter investors -- because the HDZ was ready to enact necessary reforms without turning to the International Monetary Fund.

She said that, unlike the opposition, the HDZ had put forward an unambiguous economic agenda.

"For example, we say we can run our fiscal and economic policy responsibly on our own, without assistance from the IMF, while various opposition leaders are sending ambivalent signals. I'm afraid they may have two programs, one public and one still undisclosed," she said.

"That's not good. I think the voters should know clearly what each (political) option offers."

The center-left coalition, led by the Social Democrats (SDP), has similar economic goals but says it has more credibility and willingness to achieve them.

Some opposition leaders have said IMF support might become necessary if they find the state of public finances to be worse than expected once in office.

An opinion poll in late October put the center-left Alliance for Change on 38.8 percent, with the HDZ far behind on 20.3 percent.

Kosor took over the government in July 2009 when her predecessor Ivo Sanader stepped down, and launched a strong anti-corruption campaign as part of a drive to conclude the EU accession talks.

Sanader is now on trial on corruption charges, and the HDZ is itself under investigation for running alleged slush funds, after the police arrested its former chief treasurer and head accountant.

Kosor says the HDZ should get credit for not sparing itself in the fight against graft. In the interview, she said that whoever forms the next government must press on with the campaign, which the EU has vowed to monitor closely before Croatia joins.

"Fighting corruption is also a key for a better investment climate," she said.

(Reporting by Igor Ilic; Editing by Zoran Radosavljevic and Kevin Liffey)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20111116/wl_nm/us_croatia_election_pm

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Wednesday, November 16, 2011

China Makes Second Successful Space Docking (SPACE.com)

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China has completed its second space docking ever, an apparently successful maneuver that linked up two unmanned spacecraft in orbit.

China's Shenzhou 8 and Tiangong 1 vehicles, which performed the country's first docking Nov. 2, have been orbiting together ever since. Earlier today (Nov. 14), the spacecraft disengaged and then re-docked smoothly about half an hour later.

The docking activities are being hailed as a huge success in China, which hopes to develop its space program with the goal of building a large manned space station by 2020. The ability to link up two spacecraft in orbit is a necessary step toward that goal.

"Mastery of know-how is not always solid until proven by repeated experiments," wrote state news agency Xinhua. "With a string of sophisticated maneuvers, docking, de-linking and re-docking, as part of its current Shenzhou-8 space mission, China has laid a solid stepping stone for deep space exploration."

The Chinese docking came just hours after Russia successfully launched three spaceflyers ? two cosmonauts and a NASA astronaut ? to the International Space Station.

Tiangong 1, a prototype space module for China's planned space station, launched first on Sept. 29. Shenzhou 8, a spacecraft similar to the vehicles that carried China's first astronauts to space, followed with an unmanned liftoff Nov. 3.

Shenzhou 8 is now due to return to Earth Nov. 17, according to Xinhua.

Two more Chinese docking missions are planned for 2012, with one to take place with Chinese astronauts, called Taikonauts, onboard, Chinese space agency officials have said.

Follow SPACE.com for the latest in space science and exploration news on Twitter?@Spacedotcom?and on?Facebook.

Source: http://us.rd.yahoo.com/dailynews/rss/science/*http%3A//news.yahoo.com/s/space/20111114/sc_space/chinamakessecondsuccessfulspacedocking

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Niger: Gadhafi son stays until UN lifts travel ban

Niger said Tuesday that Moammar Gadhafi's son Saadi would remain in the West African nation until a United Nations travel ban on him was lifted, despite Tripoli's request for his return.

Saadi fled south across the Sahara to Niger as his father's 42-year rule crumbled in August. He has been living in Niger since then, and Niamey says he has been granted asylum on humanitarian grounds.

Saif al-Islam, another fugitive son of the former Libyan leader, is believed by many to have sought refuge in Niger or neighboring Mali's desert north but both states say he is not there.

Like many other senior members of the Gadhafi regime, Saadi, a businessman and former professional footballer, was banned from traveling and had his assets frozen by a U.N. Security Council resolution when violence erupted earlier this year.

"We are obliged to respect this resolution. He is here, he cannot travel ... Until that resolution is revised, he will stay in Niger," Foreign Minister Bazoum Mohamed told state television Tuesday evening.

Interpol has issued a "red notice" requesting member states to arrest Saadi with a view to extradition if they find him on their territory.

Ties between Niger and Libya's interim rulers are strained, with the authorities in Tripoli keen to see the Gadhafi sons, and any assets they took with them, sent home to face trial.

Moammar Gadhafi had deep but often complicated ties with nations to the south of Libya, which were given lavish supplies of petro-dollars but also suffered as a result of his meddling in the politics of their northern desert regions.

Copyright 2011 Thomson Reuters. Click for restrictions.

Source: http://www.msnbc.msn.com/id/45315194/ns/world_news-africa/

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Tuesday, November 15, 2011

Pakistan widens trade with India as ties improve (Reuters)

NEW DELHI (Reuters) ? Pakistan took further steps toward normal trade and travel ties with India on Tuesday, agreeing to open most commerce with its larger neighbor by February and ease visa rules in the latest sign of a thaw in relations between the nuclear-armed rivals.

"We have turned the corner," Pakistan's Trade Secretary Zafar Mehmood said at a joint news conference with his Indian counterpart in Delhi.

"We are talking of a complete normalization roadmap."

The two countries' trade secretaries agreed Pakistan will replace a limited list of items India can sell across the border with a short list of items that cannot be traded, minutes of the meeting showed.

Lasting India-Pakistan peace is seen as vital to South Asian stability and to smoothing a dangerous transition in Afghanistan as NATO-led combat forces plan to withdraw from that country in 2014.

Distrust, border clashes and militant attacks have undermined stability in the region ever since two nations were carved out of colonial India in 1947 with the disputed region of Kashmir at the heart of the problems.

They have fought three all out wars since independence from the British. The border still bristles with soldiers who often exchange fire and both sides man the world's highest battlefield, the 6,000 meter altitude Siachen glacier.

Even so, the atmosphere between the two countries is at its warmest in years following a flurry of high level meetings and Pakistan's promise last month of a most-favored-nation trade status for India.

Indian Prime Minister Manmohan Singh and his Pakistani counterpart Yusuf Raza Gilani promised to open a new chapter in their fraught history after a nearly an hour-long discussion at a resort island in the Maldives last week.

On Tuesday, India and Pakistan agreed to push for easing of visa rules that severely restrict travel across the heavily armed border. They will look at the feasibility of electricity trading and will open a second road trading post by February.

Under the existing practice, both countries require businessmen to register with police on their arrival and regularly report to them. Visas are issued only for one city.

"This time it is different. It's not just politicians giving statements; there's a whole roadmap chalked out with a time frame," Amin Hashwani, president of the Pakistan-India CEOs' Business Forum told Reuters.

The 'negative list" of items that India will initially be restricted from trading includes the pharmaceutical and engineering industries, S.M. Muneer, president of the India-Pakistan chamber of commerce told Reuters.

Pakistani pharmaceutical and engineering companies are worried they will be swamped by Indian imports.

Mehmood said the list would be drawn up within a couple of months then gradually phased out. He said an expert panel would decide in January on allowing the trade of oil products.

NO MIRACLES

In contrast to the excitement in the business community, India's defense minister sounded a note of caution.

"There are positive signs for a breakthrough but one should not expect a miracle," Defense Minister A.K. Antony told reporters at a meeting on regional security.

"We need to change our mindset if we really wish to reap the benefits of mutual cooperation," he said.

In February, India and Pakistan resumed peace talks that collapsed in 2008 when Pakistan-based militants attacked the Indian city of Mumbai. Indian Prime Minister Manmohan Singh said last week another cross-border attack would put an end to the peace process.

Buy-in from the military on both sides will be crucial to building lasting peace, with Pakistan's security forces seen as both more powerful and more cautious about a detente than the country's often unstable civilian governments.

Business leader Hashwani said the army was on board this time. "Contrary to popular belief, the Pakistan army has been tacitly supportive of a good relationship with India," he said.

He called on the two countries' leaders to make the most of the current goodwill between the nations.

"It is very important, as the Chinese say, to cross the river by feeling the pebbles under both your feet," he said.

The rapprochement is "a game-changer" if it works, a senior US official in Islamabad recently said. "It's going the right way. And they've made more progress than many expected."

(Additional reporting by Chris Allbritton and Augustine Anthony in Islamabad Writing by Frank Jack Daniel; Editing by Malini Menon and Ed Lane)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20111115/wl_nm/us_india_pakistan_trade

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Ex-porn star reading to LA students causes stir (AP)

COMPTON, Calif. ? Some parents have filed complaints with the Parent-Teacher Association after a former adult film star said she read to children in a classroom at a Los Angeles County elementary school.

Sasha Grey, a 23-year-old ex-porn actress who has appeared in mainstream shows like HBO's "Entourage," was a guest earlier this month at Compton's Emerson Elementary School for Read Across America Day.

The Grey tweeted Nov. 2 that she spent the day reading to students in the first and third grades.

KTLA-TV ( http://bit.ly/uZ5zY8) quoted parents questioning whether it was appropriate to have Gray at the school. Parent Dudley Wheaton wondered why the school couldn't find a fireman or a police officer to read to students.

Grey has not appeared in porn films in over two years. She has been a regular on "Entourage" and appeared in the 2009 film "The Girlfriend Experience."

Source: http://us.rd.yahoo.com/dailynews/rss/education/*http%3A//news.yahoo.com/s/ap/20111112/ap_en_ot/us_porn_star_elementary_school

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