Wednesday, November 30, 2011

Couple held without bond in bloody saw slaying (AP)

LAS VEGAS ? A judge said Wednesday that a couple charged with killing a neighbor whose body was found outside in a box will be jailed without bond until an evidentiary hearing.

Anthony Stiger and Melanie Costantini, both 20, said nothing Wednesday during their appearance in Las Vegas Justice Court, where a judge accepted not guilty pleas on their behalf.

They were arrested Nov. 14 in Southern California after the body of 58-year-old Harold Myles Shilberg was found Nov. 9 outside an apartment building on East Fremont Street in Las Vegas. His body had multiple cuts.

Authorities said a bloody saw and clothing were found in the apartment of the suspects.

The judge scheduled a preliminary hearing for Dec. 19 on felony murder and conspiracy charges that could carry the death penalty if they are convicted.

Prosecutor Pam Weckerly said outside court that a decision had not been made on whether the Clark County district attorney would seek the death penalty.

Public defenders Dan Silverstein, representing Stiger, and David Schieck, representing Costantini, declined comment about the case.

Police say the couple was videotaped at a rental store in Las Vegas buying a garment-sized box like the one in which Shilberg was found.

Stiger claimed self-defense in a jailhouse interview with ABC affiliate KTNV-TV in Las Vegas ( http://bit.ly/uHAKVc).

Police did not immediately respond Wednesday to a request for an interview with Stiger by The Associated Press.

He told KTNV he and Costantini are married and have a 2-year-old daughter, they moved from Houston to Las Vegas in August, and he worked as a maintenance man for Shilberg.at the apartment complex in a transient neighborhood a few blocks east of downtown Las Vegas.

Stiger said he and Shilberg argued about needed repairs at the complex, and that Stiger approached him with an electric saw.

The two men fought in the bathroom of Stiger's apartment, according to Stiger, before Shilberg's neck was sliced by the saw. Stiger said Shilberg died in the bathtub.

Stiger told KTNV that someone else moved Shilberg's body, and that he and Costantini went to the Los Angeles area to drop off their daughter with his mother.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111130/ap_on_re_us/us_bloody_saw_slaying

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HBO sets premiere dates for new Ricky Gervais series (Reuters)

LOS ANGELES (TheWrap.com) ? Prepare to see plenty of Ricky Gervais on your television in the early part of next year.

HBO announced that Gervais' new series, "Life's Too Short," will premiere February 19 at 10:30 p.m. -- a little over a month after the British comic makes his third and, according to Gervais, final run as the host of the Golden Globe Awards.

This, of course, means that Hollywood should just about be recovered from the burns that Gervais will deliver just in time for the debut.

"Life's Too Short," scheduled for a seven-episode season, stars "Harry Potter" and "Star Wars" actor Warwick Davis in a rough approximation of himself -- a down-on-his-luck, vertically challenged actor who's desperately trying to claw his way back into the spotlight, through methods savory and otherwise.

Gervais and his "Office" collaborator, Stephen Merchant -- who share writing, directing and executive-producing duties on the show -- will play themselves in minor roles on the series.

Billed as a "faux documentary," "Life's Too Short" will also feature cameos from the likes of Johnny Depp, Sting and Steve Carell.

The series premiere of "Life's Too Short" will be immediately preceded by the season three premiere of HBO's baseball comedy "Eastbound & Down," which stars Danny McBride as self-destructive pro pitcher Kenny Powers.

The eight-episode season of the show -- which is co-executive produced by McBride, Will Ferrell, Adam McKay, Chris Henchy and Jody Hill -- premieres February 19 at 10 p.m.

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/nm/20111130/tv_nm/us_hbo

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CHART OF THE DAY: Guess Which Country Has ... - Business Insider

With all the talk these days all around the world of fiscal consolidation, it may interest you to know that the US still has an extremely small percentage of its workers employed by the public sector, at least compared to Europe.

The largest?

According to Citi's Tobias Levkovich, the answer is China, where nearly 50% of workers are somehow in the government sector. Granted, this could include state-owned-enterprises, which remain a large chunk of the Chinese economy, but either way it does confirm that for Chinese employment to remain solid, Beijing will have to keep its foot on the gas pedal for awhile.

chart of the day, public sector employment as % of total employment, nov 2011

Source: http://www.businessinsider.com/chart-of-the-day-government-sector-employment-2011-11

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Tuesday, November 29, 2011

Rage grips Pakistan over NATO attack (Reuters)

ISLAMABAD/KABUL (Reuters) ? Fury spread in Pakistan Sunday over a NATO cross-border air attack that killed 24 Pakistani soldiers and could undermine the U.S. effort to wind up the war in Afghanistan.

Sunday night in Pakistan, more than 40 hours after the incident, many questions remained.

NATO described the killings as a "tragic unintended incident" and said an investigation was underway. A Western official and an Afghan security official who requested anonymity said NATO troops were responding to fire from across the border.

It's possible both explanations are correct: that a retaliatory attack by NATO troops took a tragic, mistaken turn in harsh terrain where identifying friend and foe can be difficult.

"All of this is extremely murky and needs to be investigated," said a U.S. official in Washington, who spoke on condition of anonymity. "Our goal today is ... that the investigation gets mounted in a way that is confidence-building on all sides."

Militants often attack from Pakistani soil or flee after combat across a porous border that NATO-led troops, under their United Nations mandate, cannot cross.

What is clear is the incident could undermine U.S. efforts to improve ties with Pakistan so that the regional power helps stabilize Afghanistan before NATO combat troops go home by the end of 2014.

The attack was the latest perceived provocation by the United States, which infuriated Pakistan's powerful military with a unilateral special forces raid that killed al Qaeda leader Osama bin Laden in May.

Thousands gathered outside the American consulate in the city of Karachi to protest against the NATO attack.

A Reuters reporter at the scene said the angry crowd shouted "Down with America." One young man climbed on the wall surrounding the heavily fortified compound and attached a Pakistani flag to barbed wire.

"America is attacking our borders. The government should immediately break ties with it," said Naseema Baluch, a housewife attending the demonstration. "America wants to occupy our country but we will not let it do that."

Pakistan buried the troops killed in the attack Sunday. Television stations showed coffins draped in green and white Pakistani flags in a prayer ceremony at the headquarters of the regional command in Peshawar, attended by army chief General Ashfaq Kayani.

The NATO attack highlights the difficulties faced by the United States as it tries to secure the unruly border area that is home to some of the world's most dangerous militant groups who have mastered the harsh mountainous landscape.

Around 40 troops were stationed at the outposts at the time of the attack, military sources said.

Militants targeting NATO forces have long taken advantage of the fact that the alliance's mandate ends at the border to either attack from within Pakistan or flee to relative safety after an attack.

Three Pakistani soldiers were killed last year by NATO gunships. NATO said then that its forces had mistaken warning shots from Pakistani forces for a militant attack.

In the latest incident, a Western official and a senior Afghan security official said NATO and Afghan forces had come under fire from across the border with Pakistan before NATO aircraft attacked a Pakistani army post, killing the soldiers.

"They came under cross-border fire," the Western official said, without identifying the source of the fire.

The Afghan official said troops had come under fire from inside Pakistan as they were descending from helicopters, which had returned fire.

Both officials asked not to be named because the attack is so sensitive.

Pakistan has said the attack was an unprovoked assault and has said it reserves the right to retaliate.

STRAINED RELATIONS

U.S. and NATO officials are trying to defuse tensions but the soldiers' deaths are testing a bad marriage of convenience between Washington and Islamabad.

Many Pakistanis believe their army is fighting a war against militants that only serves Western interests.

Foreign Minister Hina Rabbani Khar spoke with U.S. Secretary of State Hillary Clinton by telephone early Sunday to convey "the deep sense of rage felt across Pakistan" and warned that the incident could undermine efforts to improve relations, the Foreign Ministry said in a statement.

Pakistan shut down NATO supply routes into Afghanistan in retaliation for the incident, the worst of its kind since Islamabad uneasily allied itself with Washington following the September 11, 2001, attacks on the United States.

Pakistan is the route for nearly half of NATO supplies shipped overland to its troops in Afghanistan. Land shipments account for about two thirds of the alliance's cargo.

A similar incident on Sept 30, 2010, which killed two Pakistani service personnel, led to the closure of one of NATO's supply routes through Pakistan for 10 days.

U.S. ties with Pakistan have suffered several big setbacks starting with the unilateral U.S. special forces raid in May that killed bin Laden in a Pakistani town where he had apparently been living for years.

Pakistan condemned the secret operation as a flagrant violation of its sovereignty, while suspicions arose in Washington that members of Pakistan's military intelligence had harbored the al Qaeda leader.

The military came under unprecedented criticism from both Pakistanis who said it failed to protect the country and American officials who said bin Laden's presence was proof the country was an unreliable ally in the war on militancy.

Pakistan's army, one of the world's largest, may see the NATO incursion from Afghanistan as a chance to reassert itself, especially since the deaths of the soldiers are likely to unite generals and politicians, whose ties are normally uneasy.

Pakistan's jailing of a CIA contractor, Raymond Davis, and U.S. accusations that Pakistan backed a militant attack on the U.S. embassy in Kabul have added to the tensions.

"From Raymond Davis and his gun slinging in the streets of Lahore to the Osama bin Laden incident, and now to the firing on Pakistani soldiers on the volatile Pakistan-Afghan border, things hardly seem able to get any worse," said the Daily Times.

Islamabad depends on billions in U.S. aid and Washington believes Pakistan can help it bring about peace in Afghanistan.

But it is constantly battling Anti-American sentiment over everything from U.S. drone aircraft strikes to Washington's calls for economic reforms.

"We should end our friendship with America. It's better to have animosity with America than friendship. It's nobody's friend," said laborer Sameer Baluch.

In Karachi, dozens of truck drivers who should have been transporting supplies to Afghanistan were idle.

Taj Malli braves the threat of Taliban attacks to deliver supplies to Afghanistan so that he can support his children. But he thinks it is time to block the route permanently in protest.

"Pakistan is more important than money. The government must stop all supplies to NATO so that they realize the importance of Pakistan," he said.

But some Pakistanis doubt their leaders have the resolve to challenge the United States.

"This government is cowardly. It will do nothing," said Peshawar shopkeeper Sabir Khan. "Similar attacks happened in the past, but what have they done?"

(Additional reporting by Zeeshan Haider in Islamabad, Izaz Mohmand and Aftab Ahmed in Peshawar, Imtiaz Shah in Karachi, and David Brunnstrom in Brussels; Writing by Michael Georgy; Editing by Peter Graff)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111127/wl_nm/us_pakistan_nato

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What Gingrich, Romney and Obama have in common (Washington Post)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, RSS and RSS Feed via Feedzilla.

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Defining the finance role | Westfair Online

Finance has been handled for a long time by a partner. The job evolved as we grew. Now we?re changing things around. We have to define what is the finance role and who does it.

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Top thoughts: Figuring out who is responsible for what in finance is crucial. Not everything has to be handled by a partner or executive of the firm. Make sure that controls are in place to audit and monitor what?s going on.

Most small businesses start out with informal, unwritten or incomplete job descriptions. Often the job gets to be too big for one person. Or the person doing the job wants to move on. Make this an opportunity to better define what has to happen and who is responsible.

Tax accounting is usually handled by an outside accountant. Preparing records for the accountant is usually handled by a bookkeeper. Routine data entry of both accounts payable (vendors bills) and accounts receivable (invoices to customers) can be handled by a bookkeeper or a clerk reporting to the bookkeeper.

Routine accounting tasks include answering questions about what?s on a bill and what?s outstanding. Verifying whether bills are correct takes time and initiative. Decide if customer questions about invoices will be handled by someone in accounting or referred to customer service.

Different departments may want to be involved in negotiating prices for the materials and services they use. Some people are better at negotiating than others. Centralizing negotiations may result in better pricing as one person or department has a more global view and honed negotiating skills.

If the company has inventory, make sure that two or more people keep track. One person from accounting and one from operations match records to be sure that all inventory is accounted for regularly. A formal system for checking inventory in and out can reduce questions.

Someone needs to have responsibility for regularly preparing and analyzing reports: Profit and loss, balance sheet and cash flow statement, for starters. This person should be good at Excel, comfortable with ratios and able to compare performance from one period to the next.

Data entry is a detailed job. It includes issues of privacy, discretion and ability to reason through to a logical conclusion. Be sure to assign payroll to someone who can keep pay rates and personnel issues confidential.

The analysis person should like figuring out puzzles, such as how much was spent last year and how does that compare to spending this year. This person can also be asked to put together a budget and forecast. Communication skills come into play, as budgeting includes working with all departments to gather their input and negotiate end results.

The company?s banking relationships are best handled at the owner level. Having a good relationship with the company?s bankers is crucial. Build that relationship with regular updates on where the company is, how things are going and what needs are likely to come up short and long term. Make it someone?s job to be sure the owner is well informed and prepared for every banking meeting.

Some tasks require a higher level of security and trust. Opening up client payments, entering them into the accounting system, entering credit card details, cutting checks for payments to vendors and making deposits and withdrawals at the bank, are all high-security items. Whenever there?s need for security, consider having an audit system in place.

The No. 1 rule in accounting is, ?respect what you inspect.? Double checking includes a bookkeeper overseeing a clerk?s work. An auditor can come in monthly or quarterly to verify all transactions.

Separate functions. For example, anyone whose hands are on the keyboard and has access to the accounting system is not allowed to participate in an audit. All bank statements and credit card statements are opened by the owner and scanned for oddball items before being going to data entry.

Make sure that everyone knows there is an audit system. Use feedback from audits to improve performance. Have the team meet regularly to discuss what else has to happen in finance.

Looking for a good book? Try Schaum?s ?Outline of Managerial Accounting,? Second Edition.

?

Andi Gray is president of Strategy Leaders Inc., www.StrategyLeaders.com, a business consulting firm that specializes in helping entrepreneurial firms grow. She can be reached by phone at 877-238-3535. Do you have a question for Andi?? Please send it to her, via e-mail at AskAndi@StrategyLeaders.com? or by mail to Andi Gray, Strategy Leaders Inc., 5 Crossways, Chappaqua, NY 10514. Visit www.AskAndi.com for an entire library of Ask Andi articles.

Popularity: 1% [?]


Source: http://westfaironline.com/2011/17569-defining-the-finance-role/

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Monday, November 28, 2011

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China 'keen' to invest in West's infrastructure (AP)

BEIJING ? China's sovereign wealth fund wants to invest in improving neglected U.S. and European roads and other infrastructure to spur global growth, the fund's chairman said in comments published Monday.

The announcement reflects a shift in strategy for the $410 billion fund, which was created in 2007. Until now, it has limited its investments mostly to small stakes in publicly traded companies to avoid stirring political opposition overseas.

China Investment Corp. wants to begin in Britain by teaming up with fund managers or investing directly in infrastructure projects, Lou Jiwei said in a commentary in London's Financial Times newspaper.

"China is keen to get involved" in improving U.S. and European infrastructure, which "badly needs more investment," Lou wrote. He cited energy, water, transport, digital communications and waste disposal but gave no indication of possible projects or the size of Chinese investment.

Some commentators in both Europe and China have suggested Beijing might use its $3.2 trillion in foreign reserves to gain leverage on political or trade issues at a time when other governments urgently want investment.

CIC was created to invest abroad in hopes of earning a better return on China's foreign reserves, the bulk of which are in U.S. and European government bonds. It says investments are made on commercial rather than political grounds.

The move into infrastructure probably reflects CIC's commercial views, rather than those of the government, said Citigroup economist Minggao Shen. He said it could help CIC earn a more stable profit and reduce Beijing's exposure to U.S. and European government bonds amid volatile markets.

Some Chinese commentators have called for Beijing to reduce its exposure to the financial woes of Western governments by buying fewer bonds. China is Washington's biggest foreign bondholder, with $1.15 trillion in Treasury debt as of September.

"There is a general thought that maybe China should not invest in U.S. Treasurys or European sovereign bonds. Instead, why can't we hold direct assets in the economy?" Shen said.

By investing in individual projects, he said, "you don't have to depend on government guarantees and it should be affected less by the sovereign debt crisis."

CIC faced criticism over the performance of investments made just as the financial crisis was developing. But its results have improved and the fund reported an 11.7 percent return on assets last year.

Lou stressed that CIC is a commercial investor and wants to make a profit.

"CIC believes that such an investment, guided by commercial principles, offers the chance of a win-win solution for all," he wrote.

Lou gave no indication in which other countries the CIC might invest but cited an estimate that the United States needs to spend at least $2.2 trillion in infrastructure repairs or rebuilding.

"Free of the inflationary pressure that afflicts many emerging economies, the U.S. and Europe should make substantial investment," he said. "We cannot count on developing countries to deliver a stable economic recovery on their own."

___

Online:

China Investment Corp.: http://www.china-inv.cn

Source: http://us.rd.yahoo.com/dailynews/rss/china/*http%3A//news.yahoo.com/s/ap/20111128/ap_on_bi_ge/as_china_us_europe_investment

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Sunday, November 27, 2011

In climate talks West would redefine rich and poor (AP)

JOHANNESBURG ? As delegates gather in South Africa to plot the next big push against climate change, Western governments are saying it's time to move beyond traditional distinctions between industrial and developing countries and get China and other growing economies to accept legally binding curbs on greenhouse gases.

It will be a central theme for the 25,000 national officials, lobbyists, scientists and advocates gathering under U.N. auspices in the coastal city of Durban on Nov. 28. Their two weeks of negotiations will end with a meeting of government ministers from more than 100 countries.

The immediate focus is the Kyoto Protocol, the 1997 agreement requiring 37 industrialized countries to slash carbon emissions to 5 percent below 1990 levels by 2012. Each country has a binding target and faces penalties for falling short. The U.S., then and now the world's largest polluter per capita, refused to join Kyoto because it imposed no obligations on countries like China, which has since surpassed the U.S. in overall emissions.

Now, with the Kyoto pact's expiry date looming, poor countries want the signatories to accept further reductions in a second commitment period up to at least 2017.

"The Kyoto Protocol is a cornerstone of the climate change regime," and a second commitment period "is the central priority for Durban," says Jorge Arguello of Argentina, the chairman of the developing countries' negotiating bloc known as G77 plus China.

But with growing consensus, wealthy countries are saying they cannot give further pledges unless all others ? or at least the major developing countries ? accept commitments themselves that are equally binding.

The European Union is bringing a proposal to Durban calling for a timetable for everyone to make these commitments by 2015.

Separately, Norway and Australia set out a six-page proposal for all governments to adopt a phased process of scaling down emissions.

Japan, Canada and Russia, three key countries in the Kyoto deal, announced last year they will not sign up to a second commitment period. Russia has submitted a proposal calling for a review and periodic amendments to the criteria for being judged rich or poor under Kyoto's legal prescriptions.

"We need to discuss whether we can continue to divide the world in the traditional thinking of the North and the South, where the North has to commit to a binding form whereas the South will only have to commit in a voluntary form," Connie Hedegaard, the European commissioner on climate policies, told reporters this month.

It's an old debate that has been intensifying with the rapid growth of economies like those of China, India and some in Latin America and the wealth as well as high carbon emissions they generate.

The division of the globe into two unequal parts was embedded in the first climate convention adopted in 1992. At that time China was struggling to liberalize its economy, India was just opening its borders to international commerce, South Africa was breaking out of the apartheid era, and Brazil ? the host of the Earth Summit where the convention was adopted ? was an economic shambles with inflation topping 1,100 percent that year.

Everyone agrees that the few wealthy nations have the primary responsibility for reducing carbon emissions, since it was their industries that pumped carbon dioxide into the atmosphere for 200 years. Climate scientists say the accumulation of CO2 traps the Earth's heat, is already changing some weather patterns and agricultural conditions, and is heightening risks of devastating sea level rise.

The industrial countries ? the U.S. chief among them ? have long questioned whether those definitions of rich and poor, drawn up 20 years ago, should still apply. That was one reason why the U.S. backed out of the Kyoto Protocol.

The European Union also dismisses the poor countries' argument that, "you created the problem, now you fix it."

The EU is responsible for just 11 percent of global emissions, says the EU's Hedegaard, and it can't solve global warming without the help of those emitting the other 89 percent.

Despite their swelling national bank accounts, China, India, South Africa and others say they are still battling poverty and that tens of millions of their people lack electricity or running water.

To accept legal equality with wealthy countries would jeopardize their status as developing societies ? even though few countries are doing more than China to rein in the growth of their emissions.

It is a world leader in producing wind and solar energy and has closed thousands of outdated and heavily polluting power plants, replacing many with cleaner-burning coal plants. Its fuel efficiency standard already surpasses the 35 miles per gallon (14.7 kilometers per liter) for passenger cars that the U.S. government hopes to reach in 2016.

And so the stalemate continues leading up to Durban.

"The North-South divide over historical responsibility still has more weight than the forward-looking approach of respective capabilities," says Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change.

Jennifer Morgan, climate analyst at the Washington, D.C.-based World Resources Institute, says serious discussions are going on behind the scenes over the European timetable plan, although it was not clear this week if an agreement was possible in Durban.

Other experts agree that China privately is showing more flexibility than in public.

If no deal can be concluded, Figueres said last month, a patchwork of interim arrangements may be needed to keep negotiations alive.

"What arrangements? We don't know yet. According to what rules? We don't know yet. Interim for how long? We don't know yet," she said.

Source: http://us.rd.yahoo.com/dailynews/rss/environment/*http%3A//news.yahoo.com/s/ap/20111126/ap_on_bi_ge/af_climate_change_rich_v_poor

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