Ahad, 9 Februari 2014

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Ringgit opens higher against US dollar

Posted: 09 Feb 2014 06:51 PM PST

The ringgit opened higher against the US dollar in early trading Monday following an 'over-weight' call on the ringgit by the
Citigroup's economist, a currency dealer said.

At 9.15am, the ringgit was quoted at 3.3220/3255 vis-a-vis a greenback against Friday's close at 3.3290/3320.

The dealer said the better-than-expected export figures announced by the International Trade and Industry Ministry on Friday provided the impetus towards positive sentiments for the ringgit.

Malaysia's exports surged to a 26-month high at 14.4 per cent year-on-year in December last year.


Another dealer said the ringgit is expected to trade between 3.30 and 3.33 range this week.

Against other major currencies, the ringgit was traded mixed.

The local unit was traded higher against the Singapore dollar at 2.6231/6257 from 2.6277/6259 on Friday and rose against the yen to 3.2432/2468 from 3.2624/2660 last week.

The ringgit, however, was traded weaker against the British pound to 5.4540/4586 from 5.4396/4465 on Friday and weakened against the euro to 4.5283/5317 from 4.5148/5195 last week.-- Bernama

KLCI futures open firmer

Posted: 09 Feb 2014 06:44 PM PST

The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts (FKLI) on Bursa Malaysia Derivatives sustained last week's momentum to open firmer today, tracking the uptrend in the underlying cash
market.

Spot month February 2014 rose 8.5 points to 1,818.5, March 2014 and June 2014 gained nine points each to 1,818 and 1,815, respectively, and September 2014 added 10.5 points to 1,811.5.

Turnover amounted to 2,037 lots while open interest totalled 31,674 contracts.

The benchmark FBM KLCI was 9.34 points higher at 1,817.936 points as at 9.45am.-- Bernama
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Jones makes history for Britain - Washington Post

Posted: 09 Feb 2014 08:05 AM PST

February 9, 2014, 11:02 AM

KRASNAYA POLYANA, Russia — Jenny Jones' first snowboarding lesson didn't include, among other things, snow.

Instead, the then-teenager spent 30 minutes gingerly making her way over the synthetic material that substitutes for the white stuff on one of the hills near her hometown of Bristol, a couple hours west of London.

There were no snowboarders, not great ones anyway, in Great Britain in the late 1990s.

There are now, including one with an unlikely and hard-won Olympic medal hanging around her neck. The 33-year-old Jones made history on Sunday in the women's slopestyle final, grabbing bronze with a precise run through challenging Rosa Khutor Extreme Park to become the first British athlete to win a medal in a snow-based Olympic event.

"It feels incredible, absolutely incredible," Jones said. "I'm just in a moment right now."

One that ended decades of futility for a nation that isn't exactly known for its prowess on powder and whose highest peaks are oversized hills.

Skier Alain Baxter briefly gave the country its first medal on snow when he came in third in the slalom in Salt Lake City in 2002. Baxter's medal was later stripped for a failed drug test.

Historically, British Olympians who strap boots on have been also-rans or oddities. Eddie "The Eagle" Edwards became a cult hero in Calgary in 1988 when he finished last in two ski jumping events, his large glasses and not exactly textbook form endearing him to some while also paving the way for the International Olympic Committee to institute new qualifying guidelines to keep the likes of Edwards out of harm's way.

Those days, however, are long gone. Jones is at the crest of a wave of British snowboarders who have been making inroads on a discipline traditionally dominated by Americans.

Barely 24 hours before her history-making run, teammates Jamie Nicholls and Billy Morgan finished in the top 10 in the men's slopestyle finals. Where once the only option for high-level training was a plane ticket to exotic places, there are snow domes popping up all over the United Kingdom.

"We've got some great talent coming through and it feels nice to see that strong force from the British side of things," she said.

A force which she has led for most of the last 15 years. After getting the bug and working as a housekeeper at a ski resort to give her more time to shred, Jones won her first national snowboarding title in 1999.

A decade later she won slopestyle gold at the X Games. The podiums have slowed recently, and a concussion sustained in training two months ago forced her to "have a timeout for a few weeks."

Though she arrived in Sochi relatively healthy, she failed to navigate qualifying, forcing her into a semifinal where she posted the third-highest score to squeak into the finals.

Getting to the medal round seemed to take some of the pressure off.

"Once I was in the finals, it was, just, do the cleanest possible run that you can do," Jones said.

While she lacks the big air tricks of gold medalist Jamie Anderson, Jones is technically skilled, peppering her run with meticulous grabs that look fairly easy to the naked eye but are decidedly complex when hurtling down a hill at 30 mph.

Jones celebrated after landing the final jump of her second then was forced to wait several anxious moments while the judges tried to figure out what to make of it. When her score of 87.00 was posted — ultimately just a quarter-point better than fourth place — she waved to the pockets of Brits scattered about the stands.

"When I first started there wasn't a lot of us," she said. "I would travel a lot with girls from other nationalities, other parts of Europe. There's been an increase of British riders."

A number that only figures to grow after the country's breakthrough weekend.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Justice Department to give married same-sex couples equal protection - Washington Post

Posted: 09 Feb 2014 08:20 AM PST

In a new policy memo, the department will spell out the rights of same-sex couples, including the right to decline to give testimony that might incriminate their spouses, even if their marriages are not recognized in the state where the couple lives.

Under the Justice Department policy, federal inmates in same-sex marriages will also be entitled to the same rights and privileges as inmates in heterosexual marriages, including visitation by a spouse, escorted trips to attend a spouse's funeral, correspondence with a spouse, and compassionate release or reduction in sentence based on the incapacitation of an inmate's spouse.

In addition, an inmate in a same-sex marriage can be furloughed to be present during a crisis involving a spouse. In bankruptcy cases, same-sex married couples will be eligible to file for bankruptcy jointly. Domestic support obligations will include debts, such as alimony, owed to a former same-sex spouse. Certain debts to same-sex spouses or former spouses should be excepted from discharge.

"This means that, in every courthouse, in every proceeding and in every place where a member of the Department of Justice stands on behalf of the United States — they will strive to ensure that same-sex marriages receive the same privileges, protections, and rights as opposite-sex marriages under federal law," Attorney General Eric H. Holder Jr. said in a speech Saturday night at the Human Rights Campaign's Greater New York Gala at the Waldorf Astoria in New York, where he announced the new policy.

"This landmark announcement will change the lives of countless committed gay and lesbian couples for the better," Human Rights Campaign President Chad Griffin said in a statement. "While the immediate effect of these policy decisions is that all married gay couples will be treated equally under the law, the long-term effects are more profound. Today, our nation moves closer toward its ideals of equality and fairness for all."

The Justice Department's new policy comes three years after it said it would not defend cases in court involving the Defense of Marriage Act anymore. Last year, the Supreme Court ruled that a key part of DOMA was unconstitutional.

The ruling "marked a major victory for the cause of equal protection under U.S. law, and a significant step forward for committed and loving couples throughout the country," Holder said Tuesday in Sweden during an address to the Swedish parliament.

In January, Holder intervened in the legal battle over same-sex marriage in Utah and announced that the more than 1,300 same-sex marriages that took place there in December and January are considered legal under federal law, even though a step by the Supreme Court cast doubt on the marriages and state officials would not recognize those unions.

On Saturday, the National Organization for Marriage released a statement decrying the policy move.

"This is just the latest in a series of moves by the Obama administration, and in particular the Department of Justice, to undermine the authority and sovereignty of the states to make their own determinations regulating the institution of marriage," Brian Brown, the group's president, said in the statement. "The American public needs to realize how egregious and how dangerous these usurpations are and how far-reaching the implications can be. The changes being proposed here . . . serve as a potent reminder of why it is simply a lie to say that redefining marriage doesn't affect everyone in society."

The Justice Department has already approved policy changes by other federal agencies to extend federal benefits to same-sex married couples.

Last summer, the Office of Personnel Management announced that federal employees in same-sex marriages could apply for health, dental, life, long-term care and retirement benefits. The Department of Health and Human Services said that legally married same-sex seniors on Medicare would be eligible for equal benefits and joint placement in nursing homes.

The Social Security Administration will pay death benefits to survivors of a same-sex marriage. The Department of Homeland Security will treat same-sex spouses equally for the purposes of obtaining a green card if the spouse is a foreign national. And the IRS has begun treating same-sex marriages equally for tax-filing purposes.

"We are, right now, in the middle of marking a number of 50-year anniversaries of key milestones in the civil rights movement," Holder said Saturday night. "And yet, as all-
important as the fight against racial discrimination was then, and remains today, know this: My commitment to confronting discrimination based on sexual orientation or gender identity runs just as deep."

Holder made a similar statement in favor of expanding LGBT rights in Sweden on Tuesday.

The new policy will have "important, real-world implications for same-sex married couples that interact with the criminal justice system," Holder said.

The Justice Department will also recognize same-sex couples in a number of key benefits programs it administers, such as the Radiation Exposure Compensation Program, the September 11th Victim Compensation Fund and the Public Safety Officers' Benefits Program, which provides death benefits and educational benefits to surviving spouses of public safety officers.

"This program is one way that we, as a country, stand by the families of those who put themselves in harm's way to keep our communities safe, and we must never do that selectively," Holder said. "When any law enforcement officer falls in the line of duty or is gravely injured, the federal government should stand by that hero's spouse — no matter whether that spouse is straight or gay."

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