Rabu, 3 April 2013

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TPP talks could stretch into 2014

Posted: 03 Apr 2013 06:57 PM PDT

WASHINGTON: Free-trade talks between the US and 10 countries in the Asia-Pacific region could stretch into late next year, especially if Japan joins the negotiations, former US trade officials said on Wednesday.

"While it's true that meaningful progress has been made over the last 16 rounds, the negotiations are not close to conclusion by any reasonable measure," Jay Eizenstat, a former US trade negotiator, said at a Washington International Trade Association event.

Even if Japan stays out of the talks, "I think it would be improbable to conclude negotiations this year. With the involvement of Japan, ... it's optimistic to think they will be concluded by the end of next year," Eizenstat said.

The 11 countries negotiating the Trans-Pacific Partnership (TPP) pact want to reach an accord this year, possibly as early as October, when regional leaders will gather in Bali for the annual Asia Pacific Economic Cooperation (APEC) summit.

Japan, the world's third-largest economy, asked in the past month to join the talks and is awaiting a formal decision by other TPP members.

That could come this month at an APEC trade ministers meeting in Surabaya, Indonesia. But even then, the Obama administration intends to give Congress 90 days notice before starting talks with Japan.

"There's a lot of things (like Japan joining the talks) ... that are happening that make this very complex and keeps adding to the difficulty of getting this done," said Allen Johnson, a former chief US agricultural trade negotiator.

Since Japan is such an economic powerhouse, it will be much harder for the US to demand that it eliminate virtually all of its agricultural tariffs, which has been Washington's approach with smaller free-trade partners, Johnson said.

Other issues with Japan, such as barriers to its auto and insurance markets, are expected to be tough to resolve by the end of this year, the former trade officials said.

The current TPP members are the US, Canada, Mexico, Peru, Chile, Australia, New Zealand, Singapore, Malaysia, Vietnam and Brunei. Canada and Mexico joined the negotiations at the 15th round in New Zealand.

Don Johnson, a former textile trade negotiator and former member of Congress, said Vietnam is pushing hard for the US to remove tariffs and other barriers to its clothing exports, but is running into opposition from some US lawmakers.

"Even though we're heading into the 17th round (next month in Peru), we haven't reached the point now where we can tell exactly what (the deal) is going to look like," Johnson said.

"Of course, everyone would like to see it end this year, but that seems fairly optimistic," he said.-- Reuters

KL shares rebound after early decline

Posted: 03 Apr 2013 07:16 PM PDT

Share prices on Bursa Malaysia rebounded from early decline today to surge to an all-time intra-day high of 1,700.55, lifted by gains in banking and telecommunications bluechips.

The FTSE Bursa Malaysia KLCI was up 10.48 points at 1,695.88 at 9.15am, after opening 4.43 points weaker at 1,680.97.

Turnover was 49.13 million shares valued at RM63.33mil. There were 106 gainers, 85 losers and 133 counters.

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Mike Rice fired by Rutgers after video shows coach abusing players - CBS News

Posted: 03 Apr 2013 08:54 AM PDT

PISCATAWAY, N.J. Rutgers fired basketball coach Mike Rice on Wednesday after a videotape aired showing him shoving, grabbing and throwing balls at players in practice and using gay slurs during practice.

The videotape, broadcast Tuesday on ESPN, prompted sharp criticism from Gov. Chris Christie, and the head of the New Jersey Assembly called for Rice to be fired.

With mounting criticism on a state and national level, the school decided to take action, relieving Rice of his duties after three largely unsuccessful seasons at the Big East school. There will be a national search to replace him.

Rutgers athletic director Tim Pernetti was given a copy of the video in late November by a former employee. After hiring independent investigators to analyze the tape, he suspended Rice for three games, fined him $75,000 and ordered him to attend anger management classes. University president Robert Barchi saw the tape and signed off on the initial punishment.

But in a Wednesday email, Rutgers referred to new information and "a review of previously discovered issues" as the reasons for Rice's termination.

"I am responsible for the decision to attempt a rehabilitation of Coach Rice," Pernetti said. "Dismissal and corrective action were debated in December and I thought it was in the best interest of everyone to rehabilitate, but I was wrong. Moving forward, I will work to regain the trust of the Rutgers community."

Less than an hour after the dismissal, Barchi released a statement.

"Rutgers University has a long and proud history as one of the nation's most diverse and welcoming academic institutions. Coach Rice's abusive language and actions are deeply offensive and egregiously violate the university's core values," the statement said.

"When video excerpts of basketball practices were reviewed last fall by athletic director Tim Pernetti, he immediately notified me and sought the advice of internal and outside counsel. The university hired an independent investigator to look into this matter thoroughly. Based on the external investigator's findings and recommendations, Tim and I agreed that Coach Rice should be suspended, penalized $75,000 in fines and lost salary, ordered to undergo anger management counseling, and put on notice that his behavior would be closely monitored. Tim Pernetti also made it clear to Coach Rice that there would be zero tolerance for additional infractions. Tim kept me fully apprised and I supported his actions."

Rice, who helped Robert Morris to two NCAA tournament appearances, was one of the hot coaching candidates in the spring of 2010. He interviewed with Fordham, where he played as a guard, only to not get the chance to return to his alma mater. Eventually, there was a difference in opinion in the school's search committee, and Rice's fiery, in-game behavior was a sticking point.

But Rutgers, and Pernetti, took a chance on him not long after that. The Scarlet Knights had an opening because of the unexpected dismissal of Fred Hill, Jr., and Rice, who has strong New Jersey recruiting roots, seemed like a fit.

But he wasn't able to push Rutgers into the upper echelon of the conference, and went just 44-51 at Rutgers. Rice posted just a 16-38 mark in the Big East, after going 73-31 in three seasons at Robert Morris. The Scarlet Knights went 15-16 this season and 5-13 in the league.

But his success — or lack thereof — on the court is all secondary now. The school is no longer dealing with an issue of wins and losses, but of right and wrong.

"Yesterday, I personally reviewed the video evidence, which shows a chronic and pervasive pattern of disturbing behavior. I have now reached the conclusion that Coach Rice cannot continue to serve effectively in a position that demands the highest levels of leadership, responsibility and public accountability," Barchi wrote. "He cannot continue to coach at Rutgers University."

For the second time in as many days, Christie released a statement on Wednesday, as well.

"This was a regrettable episode for the University, but I completely support the decision to remove Coach Rice," the statement said. "It was the right and necessary action to take in light of the conduct displayed on the videotape.

"Parents entrust their sons to the Rutgers athletic department and the men's basketball program at an incredibly formative period of their lives. The way these young men were treated by the head coach was completely unacceptable and violates the trust those parents put in Rutgers University. All of the student-athletes entrusted to our care deserve much better.

"As we move on from this incident, I am very optimistic that Rutgers will select a new head coach who not only puts a winning team on the court, but will make everyone proud of the example he sets every day for the young men in his charge."

CBSSports.com's Jeff Goodman says Rutgers should strongly consider Danny Hurley, the head basketball coach at the University of Rhode Island, as their next coach.

"Danny Hurley built St. Benedict's Prep virtually from scratch and is about as plugged into New Jersey as it gets," Goodman writes. "He was a point guard at Seton Hall in the early 1990s and was also an assistant at Rutgers from 1997 to 2001."

Goodman added: "Hurley is tough, but he won't be playing dodgeball with his players and tossing them around like rag dolls. He'll put Rutgers on the map -- for the right reasons. Winning games."

In an interview with WFAN Radio in New York on Tuesday, Pernetti confirmed that Barchi viewed the tape last fall and agreed with the punishment. But ESPN's broadcast prompted an outcry, led by the governor himself.

The video shows numerous clips of Rice at practice firing basketballs at players, hitting them in the back, legs, feet and shoulders. Rice was also shown pushing players in the chest and grabbing them by their jerseys and yanking them around the court. Rice could be heard yelling obscenities at players and using gay slurs.

"You don't do that. You cannot do that," Andy Staples, senior writer of Sports Illustrated, told CBS News. "That may have been OK in 1950. It is not OK in 2013."

Assembly Speaker Sheila Oliver (D-Essex/Passaic) called Rice's conduct "unacceptable not only at our state university, but in all circumstances. It is offensive and unbecoming of our state."

"Mike Rice should no longer be employed by Rutgers University," Oliver said. "He must go. Meanwhile, the decision not to dismiss him last year needs a complete and thorough review."

After landing the position in 2010, Rice moved his family from Pittsburgh to Little Silver, N.J. He quickly became part of the fabric of that community, often attending church functions and youth games that his children played in. But on the practice floor, some 30 miles away, obviously, a different person surfaced.

"You have to be always cautious about public reaction, because the reaction the public is having is the same I had when I saw it (the film)," Pernetti told the radio station. "I am factoring everything into what we do going forward."

Pernetti said he understands why many asked why Rice wasn't fired after the initial investigation.

"I spent more time with that option on whether we should fire Mike or not than any other option," he said. "There is a lot of hindsight, 20-20. I made that decision. I am accountable for it. I have to live with it."

Rice was Pernetti's first major hire after getting the AD's job. And after the regular season, in fact, despite the suspension and the losing record, Pernetti announced at the Big East tournament that Rice would return to the Rutgers bench.

Assemblyman Reed Gusciora (D-Mercer/Hunterdon) called Rice's conduct is indefensible, and said he should have been fired in December, after the tape was given to Pernetti. Gusciora also said Pernetti's decision deserves a full review.

"If the university does not act, I will seek to add a provision to the state budget defunding Mr. Rice's salary," Gusciora said. "Taxpayers should not be paying for this behavior."

Pernetti said his decision to only suspend Rice was made in part because the coach was remorseful and admitted he made mistakes. Pernetti said Rice also worked hard to improve himself with the counseling, the practice monitor while working on his own behavior.

Rice had a reputation as being "a fiery guy with an edge" before coming to Rutgers and Pernetti said the two talked about it for five hours before he was hired.

"He convinced me he understood his reputation, but he also understood where the line was," Pernetti said. "I made clear to him if he crossed the line he would be held accountable. In this case he did, and we held him accountable for it."

That might not be enough in the wake of the video made by Eric Murdock, the former NBA player who was hired by Rice to be director of player development.

The two had a falling out over Murdock's appearances at a camp, and Pernetti said Murdock's contract was not renewed. Murdock, who said he was fired, then compiled the video, splicing together the practice lowlights of Rice's first three years as coach.

Pernetti said about 60 percent of the incidents happened in Rice's first season. He also was upset with Rice using a certain gay slur at a university where student Tyler Clementi committed suicide after a roommate used a webcam to see him kissing a man.

"I would tell you that that word was at the core of the suspension," Pernetti said. "It absolutely concerns me. It's not acceptable."

On Tueday, Lebron James tweeted:

This is another in a long line of embarrassing incidents regarding this program. Rutgers had to fire Hill, Jr., just before hiring Rice because the former acted inappropriately at a Rutgers baseball game that his father, Fred, Sr., was coaching. And Hill replaced Gary Waters, who missed a home game because he was snowbound in Ohio after being honored the night before by Kent State.

Before all of that, Kevin Bannon was fired after questionable practice decisions regarding his players. Bannon ordered two Scarlet Knights and two student managers to run sprints naked during a foul-shooting contest. Both of them later transferred from the school.

The Scarlet Knights haven't qualified for the NCAA tournament since 1991.

At Least 44 Killed in Taliban Assault and Standoff - New York Times

Posted: 03 Apr 2013 09:17 AM PDT

KABUL, Afghanistan — In one of the most deadly insurgent attacks in the decade-long war here, nine Taliban fighters dressed as Afghan soldiers stormed a government compound in western Afghanistan on Wednesday morning, leaving at least 44 people dead and wounding more than 100 in a hostage standoff.

The complex assault began at around 8:45 a.m., when two suicide attackers detonated explosives packed into an army truck at the entrance gate of the provincial government compound in Farah, according to police officials. After the explosion, which ripped through the mayor's office and neighboring buildings, insurgents rushed the packed provincial courthouse, taking civilians and a handful of employees hostage.

Afghan security forces surrounded the building, firing at the Taliban fighters tucked away on the second floor. At some point during the nearly 7-hour gunfight, the insurgents took the hostages downstairs to the basement and shot them, the police said.

By 4 p.m., the fight was over, leaving behind a scene of carnage and destruction. The death toll: 34 civilians, 10 Afghan security forces and all nine insurgents, the Farah police said. More than 100 people, mostly civilians, suffered wounds.

The attack highlighted the deteriorating security situation in Farah, a restive province that borders Iran to the west. The last major assault in the province occurred in May, when four insurgents dressed as police officers staged an attack on the governor's compound, killing at least 11 people and wounding a dozen others. But violent attacks in general have been on the rise recently in the province.

Officials from Farah said the province has become a hotbed for the insurgency and drug traffickers, as the government focuses its resources on more violent areas of the country. Humaira Ayobi, a member of the parliament representing Farah, said a recent effort by the police to stem the drug trade may have contributed to the violence seen Wednesday. Last month, five police officers were killed in the province while conducting a poppy eradication campaign.

As warm weather spreads throughout Afghanistan, a period referred to as the fighting season, Taliban violence is expected to increase.

"Farah is bleeding and crying today," said Humaira Ayobi, a member of the parliament representing Farah. "The province will mourn for weeks."

On the street where the attack took place Wednesday, witnesses described a nightmarish scene, with bodies splayed all over the street. Ambulances carted charred bodies from the buildings, among them the offices of the mayor, prosecutor and the governor, among other officials.

"When I reached the street I saw that all shops and houses around the court house were destroyed," said Jalil Khan, 47, a civil servant at the customs office. "I saw men, women and some children lying on the ground, bleeding or burned. Some of them didn't know where they were or what had happened to them."

Shujauddin, 22, a teacher in Farah city, said he was in the courthouse to address a land dispute when the first explosion struck the government compound. When Shajauddin, who uses one name, tried to escape, he was shot in the arm twice and caught a third bullet in the leg. He woke up hours later in the hospital, he said.

The attack in Farah Province coincided with the highly anticipated return of Afghanistan's powerful intelligence chief, Asadullah Khalid, who was seriously wounded in a December suicide attack. Mr. Khalid, who was treated in the United States and required multiple surgeries, returned to Kabul on Wednesday morning.

Mr. Khalid's return, heralded by "Welcome" banners strung from traffic posts across the city of Kabul, is seen by many as a symbolic victory for the Afghan government. At the time of the attack last December, when an insurgent detonated a hidden bomb at a National Directorate of Security guesthouse, Mr. Khalid's very survival, no less his return, was in question.

But for months, the government promised he would again take the helm of the intelligence agency. On Wednesday, the agency, known as the N.D.S., issued a statement celebrating his return and promising to "continue its services day and night to bring security, peace and stability to the country."

A former governor of Kandahar and Ghazni Provinces and close associate of President Hamid Karzai, Mr. Khalid has presided over a fierce crackdown on the Taliban during his tenure as chief of the National Directorate of Security. He is also seen as a relentless detractor of Pakistan.

His efforts have won him both praise and criticism from Western officials.

While he received visits from President Obama and Defense Secretary Leon Panetta while hospitalized in America, the intelligence chief has been dogged by allegations of corruption and that he was associated with a torture prison while governor of Kandahar.

Those concerns have followed him to the N.D.S., which has been accused by the United Nations of prisoner abuse in its prison facilities. Mr. Khalid and the N.D.S. have denied the allegations of torture and corruption.

Kredit: www.nst.com.my

Selasa, 2 April 2013

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KL shares open higher in early trading

Posted: 02 Apr 2013 06:43 PM PDT

Share prices on Bursa Malaysia were traded higher in the early session on Wednesday lifted by gains in bluechips especially in the telco and banking sectors, dealers said.

After 21 minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.90 points to 1,691.90, after opening 3.33 points higher at 1,688.33.

The Finance Index surged 106.80 points to 15,896.41, the Industrial Index perked 10.45 points to 2,893.96 and the Plantation Index added 3.08 points to 7,963.12.

The FBM Emas Index advanced 38.17 points to 11,559.38, the FBMT100 climbed 38.90 points to 11,394.37 and the FBM Mid 70 Index increased 11.67 points to 12,781.25.

The FBM Ace Index was 6.55 points higher at 4,025.14.

Advancers led decliners by 166 to 79, with 149 counters unchanged, 1,223 untraded and 23 others suspended.

Turnover stood at 83.262 million shares worth RM134.391 million.

Among actives, Tebrau Teguh fell four sen to RM1.40, IRM added 1.5 sen to 14.5 sen and Sanichi Technology was unchanged at 7.5 sen.

As for heavyweights, Maybank was up 11 sen to RM9.52, CIMB gained 10 sen to RM7.75, while Axiata and Sime Darby stood at RM6.64 and RM9.27 respectively.-- Bernama

Ringgit opens lower versus US dollar

Posted: 02 Apr 2013 06:46 PM PDT

The ringgit opened lower against the US dollar in early trading today, driven by lack of demand for the local currency amid the favourable economic outlook in the US, dealers said.

At 9am, the ringgit was quoted at 3.0910/0930 from 3.0865/0895 at
yesterday's close.

A dealer said investors' interest in the greenback was spurred after reports of new orders for manufactured goods rose three per cent in February, topping expectations of a 2.6 per cent increase.

Meanwhile, the local currency was traded higher against other major currencies.


The local note opened slightly higher against the Singapore dollar at 2.4937/4956 from 2.4939/4966 on Tuesday and strengthened against the Japanese yen to 3.3024/3063 from 3.3142/3192 yesterday.

The ringgit rose against the British pound to 4.6622/6661 from 4.6955/6010 and appreciated against the euro to 3.9580/9612 from 3.9643/9691 previously.-- Bernama

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North Korea to restart nuclear reactor in weapons bid - Reuters

Posted: 02 Apr 2013 07:18 AM PDT

Satellite image from DigitalGlobe taken on January 5, 2006 shows Yongbyon nuclear reactor in North Korea. REUTERS/DigitalGlobe - RTR1DCVG

SEOUL | Tue Apr 2, 2013 11:38am EDT

(Reuters) - North Korea said on Tuesday it would revive a mothballed nuclear reactor able to produce bomb-grade plutonium but stressed it was seeking a deterrent capacity and did not repeat recent threats to attack South Korea and the United States.

United Nations Secretary-General Ban Ki-moon said the crisis over North Korea had gone too far and he appealed for dialogue and negotiation to resolve the situation.

"Nuclear threats are not a game. Aggressive rhetoric and military posturing only result in counter-actions, and fuel fear and instability," Ban, a South Korean, told a news conference during a visit to Andorra.

The crisis flared after Pyongyang was hit with U.S. sanctions for conducting a third nuclear test in February and the United States and South Korea staged military drills that North Korea viewed as "hostile".

Pyongyang then threatened a nuclear strike on the United States, missile strikes on its Pacific bases and war with South Korea, prompting Washington to bolster forces in the region.

The state-owned KCNA news agency announced on Tuesday that North Korea would relaunch all nuclear facilities for both electricity and military uses.

One of the most isolated and unpredictable states in the world, North Korea carried out its third nuclear test since 2006 but is seen as some years away from producing a deliverable nuclear weapon, although it claims to have a deterrent.

A speech by the North's young leader, Kim Jong-un, given on Sunday but published in full by KCNA on Tuesday, appeared to dampen any prospect of a direct confrontation with the United States by emphasizing that nuclear weapons would ensure the country's safety as a deterrent.

"Our nuclear strength is a reliable war deterrent and a guarantee to protect our sovereignty," Kim said. "It is on the basis of a strong nuclear strength that peace and prosperity can exist and so can the happiness of people's lives."

Kim's speech, delivered to the central committee meeting of the ruling Workers Party of Korea, hinted at a small shift away from threats against Seoul and Washington, but it remained some distance from calling any kind of end to the crisis.

"The fact that this (speech) was made at the party central committee meeting, which is the highest policy-setting organ, indicates an attempt to highlight economic problems and shift the focus from security to the economy," said Yang Moo-jin of the University of North Korean Studies in Seoul.

PLUTONIUM PRODUCTION

But if Pyongyang indeed restarts the nuclear facilities, it would have longer-term implications for the region's security.

Reactivating the aged Soviet-era reactor at the Yongbyon nuclear plant would yield plutonium, a tested path to stockpile more fissile material than a uranium enrichment program.

It was unclear how quickly Yongbyon, whose cooling tower was destroyed as part of an earlier de-nuclearization deal with major powers, would take to restart.

It was also impossible to verify whether Yongbyon remained connected to North Korea's antiquated electricity grid at all.

"It was a reactor that was nearing obsolescence with a cooling tower that wasn't functioning properly when it was blown up. It could mean they've been rebuilding quite a few things," said Yoo Ho-yeol, North Korea specialist at Korea University in Seoul.

The move to restart the reactor undermines China's stated aim of restarting de-nuclearization talks on the Korean peninsula, prompting a foreign ministry spokesman in Beijing to express regret at the decision.

The United Nations secretary-general said "things must calm down as this situation, made worse by the lack of communication, could lead down a path that nobody should want to follow".

Ban offered to help the parties to begin talks. "I am convinced that nobody intends to attack (North Korea) because of disagreements about its political system or foreign policy. However, I am afraid that others will respond firmly to any direct military provocation," he said.

As well as reviving the 5MW reactor at Yongbyon, the North's only known source of plutonium for its nuclear arms program, KCNA said a uranium enrichment plant would also be put back into operation.

The nuclear plant's output would be used to solve what KCNA termed an "acute shortage of electricity" and to bolster "the nuclear armed force".

NO SIGN OF N.KOREAN MILITARY MOVES

The United States has bolstered forces staging joint drills with South Korea with Stealth fighters and made bomber overflights in a rare show of strength to Pyongyang. Overnight, Washington deployed a warship off the Korean coast.

The United States has said it has seen no evidence of hostile North Korean troop movements. Much of the North Korean rhetoric in recent weeks has echoed previous bouts of anger, but the length and intensity has been new, raising to concerns that the tensions could spiral into actual fighting.

In Washington, the White House has said the United States takes North Korea's war threats seriously. But White House spokesman Jay Carney said on Monday: "I would note that despite the harsh rhetoric we are hearing from Pyongyang, we are not seeing changes to the North Korean military posture, such as large-scale mobilizations and positioning of forces."

A U.S. defense official said on Monday the USS McCain, an Aegis-class guided-missile destroyer used for ballistic missile defense, was positioned off the peninsula's southwestern coast.

It was not immediately clear where the ship was on Tuesday.

MOOD CHANGE

In Pyongyang, the party congress meeting and a subsequent assembly of the country's rubber-stamp parliament repeated the usual anti-American rhetoric and criticized South Korea, but the broad mood appeared to have changed.

The pariah state has once again started emphasizing economic development as it shifts to the major April 15 celebration of the birth of its founder, Kim Il Sung, grandfather of the current ruler.

For the young Kim, it appears that cementing control of the party and state has now taken top priority as well as improving living standards in a country whose economy is smaller than it was 20 years ago, according to external assessments.

Kim appointed a handful of personal confidants to the party's politburo, further consolidating his grip on power in the second full year of his reign.

Former premier Pak Pong-ju, a key ally of the leadership dynasty, was re-appointed to the post from which he was fired in 2007 for failing to implement economic reforms.

Pak, believed to be in his 70s, is viewed as a key confidant of Jang Song-thaek, the young Kim's uncle and also a protege of Kim's aunt. Pak is also seen as a pawn in a power game that has seen Jang and his wife reassert control over military leaders.

(Additional reporting by Paul Eckert, Phil Stewart, David Alexander and Jeff Mason in Washington, Julien Toyer in Madrid and Stephanie Ulmer-Nebehay in Geneva; Editing by David Chance and Mark Heinrich)

General Assembly Passes Landmark UN Treaty on Arms Trade - New York Times

Posted: 02 Apr 2013 08:57 AM PDT

UNITED NATIONS — The United Nations General Assembly voted overwhelmingly on Tuesday to approve the first-ever treaty to regulate the enormous global trade in conventional weapons, for the first time linking sales to the human-rights records of the buyers.

The vote on the Arms Trade Treaty came after an effort to achieve a consensus on the treaty among all 193 member states of the United Nations failed last week, with Iran, North Korea and Syria blocking it. Those three countries, often ostracized as pariahs, contended the treaty was full of deficiencies and had been structured to be unfair to them.

The treaty would require states exporting conventional weapons to develop criteria that would link exports to avoiding human-rights abuses, terrorism and organized crime. It would also ban shipments if they were deemed harmful to women and children. Countries that join the treaty would have to report publicly on sales every year, exposing the process to levels of transparency that rights groups hope will strictly limit illicit weapons deals.

The vote was heavily lopsided in favor, with 154 supporting it and three opposing.

Twenty-three, including a handful of Latin American countries as well as Russia — one of the largest arms exporters — abstained. Vitaly I. Churkin, the Russian envoy to the United Nations, said Russian misgivings about what he called ambiguities in the treaty, including how terms like genocide would be defined, had pushed his government to abstain.

Support was particularly strong among many African countries — even if the compromise text was weaker than some had anticipated — with most governments asserting that over the long run the treaty would curb the arms sales that have fueled so many conflicts.

Nations can begin joining the treaty in early June, and it goes into effect as international law once 50 have ratified it. Given that the vote in the General Assembly was so overwhelmingly in support, it is expected to go into effect this year.

In the run-up to the vote on Tuesday, numerous states objected to the treaty because they said it was heavily weighted in favor of the exporters — allowing them to make subjective judgments about which states met the humanitarian guidelines. The treaty could be abused in the future as a means to foment unjust political pressure, said several countries, including Cuba, Nicaragua and Syria.

What impact it will have on the global conventional weapons trade — and over what period of time — is a more difficult question. Experts are certain it will change things eventually. In the shorter term it is more difficult to assess.

The United States and many European countries say they already have arms sales guidelines in effect that tie sales to the human-rights records of the buyers and other issues included in the treaty.

It is considered unlikely that the treaty will have any effect on the supply of outside weapons to the Syrian government, for example, because Iran is opposed to it and Russia is hesitant. Both are the main conduits for conventional weapons to Damascus.

Those who pushed hard for the treaty, especially among rights groups, thought it would have an important long-term impact, however.

"The Arms Trade Treaty provides a powerful alternative to the body-bag approach currently used to respond to humanitarian crises," said Raymond Offenheiser, the president of Oxfam America. "Today nations enact arms embargoes in response to humanitarian crises only after a mass loss of life. The treaty prohibits the weapon sales in the first place."

It should help shut down safe havens where rogue arms dealers can sell weapons to war criminals with impunity, he said.

Frank Jannuzi, head of Amnesty International's Washington office, said the final draft of the treaty was not perfect but represented what many rights groups considered an enormous advance.

"To the extent that there's any enforcement mechanism in this treaty, it's an actual benchmark in which we can judge states' behavior, whereas before it was extremely subjective," he said. "Now there's a process. So that's a step forward. For all those unlicensed exports that end up fueling violence, this treaty begins to get a handle on that through much more rigorous licensing and reporting."

The treaty covers trade in tanks, armored combat vehicles, large-caliber weapons, combat aircraft, attack helicopters, warships, missiles and launchers, small arms and light weapons. Ammunition exports are subject to the same criteria as the other war matériel. Imports are not covered.

Asked about the potential impact of the treaty, Thomas M. Countryman, the assistant secretary of state who led the American delegation to the talks, said he did not expect an instant impact on the level of trade nor the level of violence around the world.

But over a longer period of time, he said before the vote, "I think it will contribute to a reduction in violence." More states will impose controls on their own legal exports and the treaty demands more effective action against black-market arms brokers and the diversion of weapons, he said.

Despite repeated assurances by Obama administration officials that the treaty would not affect American domestic use of firearms or the Second Amendment, the National Rifle Association has criticized the treaty and vowed to fight ratification in the Senate.

Mr. Countryman downplayed any negative effect on the American arms industry, which accounts for about 30 percent of the $60 billion to $70 billion annual trade in conventional arms.

"This treaty will bring much of the rest of the world not up to the American standards but much closer to the American standards," he said. "In that sense, I believe it levels the playing field and gives American manufacturers a better competitive position in the world. "

There were also doubters. The seven years of negotiations and repeated efforts to water down the treaty raised doubts about just how sincere the implementation might be.

"It is clear that while many countries want a strong and robust treaty," said Lyndira Oudit, a senator from Trinidad and Tobago and a member of a group of international legislators who pushed for passage, "some actually seem to want a weak one, with vague language and narrow definitions, which allow for wide interpretation and maintenance of the status quo, both of players and of process."

Indonesia, Russia, Syria and others objected to the fact that the treaty did not ban outright arms transfers to rebel groups and other nonstate actors.

Western nations, including the largest arms exporters, opposed any specific reference to nonstate actors because they argued that there were times when national liberation movements needed protection from abusive governments. Supporters said the treaty covers nonstate actors because all conventional weapons sales will be judged under the same criteria, and refers to "unauthorized end user or end users."

Rick Gladstone contributed reporting.

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Isnin, 1 April 2013

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RHB raises UOA Development target price

Posted: 01 Apr 2013 06:47 PM PDT

RHB Research raised its target price on the shares of UOA Development Bhd to RM2.60 from RM2.21 as it expects the company to benefit from stronger property sales and land acquisitions this year.

RHB said it expects UOA's 2013 sales to improve to RM2 billion from RM1.7 billion last year as the company's brand image, pricing, locations and marketing would drive take-up rates.

In a report published on Tuesday, RHB also said new land buys could add up to RM2 billion in gross development value to UOA's portfolio.

"Their solid cash position will come in handy. We understand that UOA has been busy replenishing its landbank, with key focus within the Klang Valley area," the brokerage added.

It maintained a 'buy' call for the stock, which was also named the top sector pick along with Sunway Bhd and IJM Land Bhd.

Shares of UOA rose 0.5 per cent to RM2.03 as of 9.19 am, compared to the benchmark index which gained 0.13 per cent.-- Reuters

Short-term rates to remain stable Tuesday

Posted: 01 Apr 2013 06:58 PM PDT

Short-term interbank rates are expected to remain stable on Tuesday as Bank Negara Malaysia intervenes to absorb excess
liquidity from the financial system.

The central bank has estimated today's liquidity at RM31.101 billion in the conventional system and RM11.283 billion in Islamic funds.

Bank Negara will call for a RM6 billion range maturity auction for two to 91 days and a RM100 million Commodity Murabaha Programme for 30 days.

The central bank will also conduct four Al-Wadiah tenders, comprising RM500 million for 21 days, RM1.5 billion for 28 days as well as two RM2 billion programmes for seven days and 14 days.


At 4pm, Bank Negara will conduct a conventional overnight tender for up to RM25.1 billion and a RM5.4 billion Al-Wadiah overnight tender.-- Bernama
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'Justice is death' for alleged shooter in Batman rampage, prosecutor says - NBCNews.com

Posted: 01 Apr 2013 09:17 AM PDT

MSNBC's Thomas Roberts gets the latest from the trial of James Holmes from NBC's Leanne Gregg and attorney Gary Lozow. Prosecutors will seek the death penalty against Holmes.

By Erin McClam, Staff Writer, NBC News

Prosecutors said Monday that they will seek the death penalty for James Holmes, the man accused of gunning down 12 people and wounding 70 at a Batman movie last summer in Colorado.

George Brauchler, the district attorney for Arapahoe County, said he made the decision after speaking with more than 800 victims and family members.

"It's my determination and my intention that in this case, for James Eagan Holmes, justice is death," he said at a hearing.

Brauchler had already rejected an offer from the defense to let Holmes plead guilty and serve a life sentence.

Judge William Sylvester of the Colorado circuit court entered a plea of not guilty for Holmes last month after his lawyers said they were not ready to plead. The judge left the door open for lawyers to mount an insanity defense.

Sylvester on Monday handed the case to a new judge, Carlos Samour. Holmes' trial is scheduled to begin Aug. 5.

The two cases in the legal case fought in public last week. After the defense made its offer, Brauchler said in a filing that Holmes' lawyers were only trying to generate sympathy for their client.

The only conclusion, the prosecutor wrote, "is that the defendant knows he is guilty, the defense attorneys know he is guilty and that both of them know that he was not criminally insane."

Brauchler wrote an Op-Ed in The Denver Post over the weekend defending the death penalty. Colorado legislators have considered banning it. He did not name Holmes but wrote of capital punishment as an important tool of justice.

"Repealing the death penalty would result in acts similar to those in Newtown, Conn., or the acts of Tim McVeigh being punished no differently than a single murder of one gang member by another," the prosecutor wrote. "Each murder after the first would be a freebie."

Injection is the method for capital punishment in Colorado. The state has executed only one inmate since the Supreme Court reinstated the death penalty in the United States in 1976, according to the Death Penalty Information Center. That execution was in 1997.

R.J. Sangosti / Pool

Aurora theater shooting suspect James Holmes listens at his arraignment March 12.

Holmes' lawyers have said that jailers determined he was a danger to himself and needed a mental evaluation, and that he was held for several days in a psychiatric ward, sometimes in restraints.

He surrendered to police within minutes of the July 12 shooting rampage at a midnight screening of the movie "The Dark Knight Rises" in Aurora, Colo., a suburb of Denver.

At his first court appearance, Holmes had stark, red-orange hair and wore a blank stare. He has since appeared more stable and natural-looking. He showed up in court last month with a bushy beard.

The hearing Monday was set to begin at 11 a.m. EDT. Legal observers have pointed out that the two sides could still reach a plea deal later, even as prosecutors seek to put Holmes to death.

NBC News producer John Boxley, Reuters and The Associated Press contributed to this report.

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Texas county 'on alert' over deaths of prosecutor, wife - USA TODAY

Posted: 01 Apr 2013 09:11 AM PDT

The district attorney's office in Kaufman, Texas, was closed Monday morning and the courthouse was under tight security following the weekend shooting deaths of Kaufman County District Attorney Mike McLelland and his wife in their home.

The shootings on Saturday came two months after McLelland's assistant district attorney, Mark Hasse, was fatally shot in a parking lot a block from the courthouse on Jan. 31.

Authorities appear to be stymied in their investigations of both killings.

"We're still in shock," Kaufman County Judge Bruce Wood told reporters Monday. "I guess that's the best way to describe our feelings about this latest incident. I've searched all weekend to think of the right word to describe and I can't come up with a single word. 'Unbelievable, this really didn't happen,' but it did. This whole thing is shocking to all of us."

Wood said security protection had been ordered for several county officials.

"We're very much on alert," he said. "We obviously have some folks that are out to do harm to elected officials."

Authorities have been investigating the possibility of a connection of both killings with the brutal Aryan Brotherhood of Texas, a prison gang of about 3,000 inmates.

Earlier this month, the Kaufman police chief said the FBI was looking for any connection between the attack on Hasse and the shooting death March 19 of Colorado prisons chief Tom Clements in his home.

Colorado authorities have noted that the suspect in that shooting, Evan Spencer Ebel, 28, was a member of a white supremacist prison gang called the 211 Crew when he served time in a Colorado prison.

Ebel later died in a shootout with Texas law enforcement officers northwest of Dallas.

McLelland himself, in an Associated Press interview shortly after the Colorado slaying, raised the possibility that Hasse was gunned down by a white supremacist gang.

McLelland, elected district attorney in 2010, said his office had prosecuted several cases against racist gangs, who have a strong presence around Kaufman County, a mostly rural area dotted with subdivisions, with a population of about 104,000.

Kaufman prosecutors were among scores in Texas who were strongly pursuing cases against the prison gangs.

However, there has been no evidence so far of a link to the white supremacist gangs in either of the Kaufman shootings, except for that fact that they appear to be a professional "hit."

Judge Wood has also said that Kaufman County investigators have found no link between the Clements shooting and the killing of Hasse.

Harris County District Attorney Mike Anderson said on Sunday that he had accepted the Houston sheriff's offer of 24-hour security for him and his family after learning about the slayings, mostly over concerns for his family's safety.

Anderson said he also would take precautions at his office, the largest one in Texas, which has more than 270 prosecutors.

"I think district attorneys across Texas are still in a state of shock," Anderson said Sunday.

Contributing: Associated Press

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Official: Kaufman County District Attorney Mike McLelland and his wife, Cynthia ... - CBS News

Posted: 31 Mar 2013 08:28 AM PDT

KAUFMAN, Texas The mayor of the city where a north Texas prosecutor and his wife were found killed in their house says the attack does not appear to have been random.

Kaufman County sheriff's Lt. Justin Lewis said Saturday that the bodies of Kaufman County District Attorney Mike McLelland and his wife, Cynthia, were found Saturday. Two months earlier, an assistant district attorney was gunned down near the office.

Police, FBI agents, Texas Rangers and deputies are investigating.

Forney Mayor Darren Rozell, whose suburban Dallas city is nearest the slaying scene, says the attack "appears to be a targeted act" and is urging the 40,000 residents in the area to be calm.

Sources told CBS affiliate KTVT in Dallas that the DA was shot multiple times with what is believed to be an assault rifle, while Cynthia McLelland was only shot once. Sources also say that there were no signs of forced entry.

Authorities have been cautious to say whether or not there is a link to the Jan. 31 fatal shooting of an assistant Kaufman County district attorney, Mark Hasse, because of the ongoing investigation into both shootings.

The FBI in Dallas and Denver have been comparing the Hasse shooting to that of Tom Clements, executive director of Colorado Prisons Bureau, KTVT reports. Clements was shot and killed as he answered the front door of his home on March 19.

Sam Rosander, who lives in the same unincorporated area of Kaufman County as the McLellands, told The Associated Press that sheriff's deputies were parked in the district attorney's driveway for about a month after Hasse was killed

In recent years, Hasse played major roles in Kaufman County's most high-profile cases, including one in which a justice of the peace was convicted on theft and burglary charges and another in which a man was convicted of killing his former girlfriend and her 10-year-old daughter.

Business, labor reach immigration deal on guest workers. Will it stand? - Christian Science Monitor

Posted: 31 Mar 2013 09:00 AM PDT

The US Chamber of Commerce and the AFL-CIO have reached a deal on guest workers as a part of comprehensive immigration reform. That was a major issue, but more remain including border security and a pathway to citizenship.

By Staff writer / March 31, 2013

Several southwest Michigan pastors along with immigrant families and members of the general public take part in a pray-in for immigration reform outside of US Rep. Fred Upton's office in downtown Kalamazoo on Friday.

Matt Gade/Kalamazoo Gazette-MLive Media Group/AP

Enlarge

A major speed bump on the path to comprehensive immigration reform appears to have been removed. That's the issue of guest workers – low skilled immigrants who come to the United State under a temporary visa program.

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Over the weekend, senior business and labor representatives came to an agreement on how many such workers could enter the US each year, what jobs they could hold, and what the pay scale would be.

The agreement was reached in a phone call late Friday night with AFL-CIO President Richard Trumka, US Chamber of Commerce head Tom Donohue, and Sen. Chuck Schumer (D) of New York, who's been mediating the dispute, reports CBS News.

By Sunday morning, senior lawmakers of both parties were confirming that a deal had been reached, and that this was an important step toward reform – including how to address the estimated 11 million illegal immigrants in the US today.

"I think we've got a deal," Sen. Lindsey Graham (R) of South Carolina said on CNN's "State of the Union." "We've got to write the legislation, but 2013, I hope, will be the year that we pass bipartisan immigration reform."

"It will pass the [Republican-controlled] House because it secures our borders, it controls who gets a job … [and] the 11 million [undocumented immigrations] will have a pathway to citizenship, but it will be earned, it will be long, and it will be hard," Sen. Graham said.

Senators Graham and Schumer are members of the bipartisan "Gang of Eight" senators working to achieve immigration reform.

 "I am very, very optimistic that we will have an agreement among the eight of us next week," Schumer said on NBC's "Meet the Press." "[Senate Judiciary Chairman Patrick] Leahy has agreed to have extensive markup and debate on the bill in April, and then we go to the floor in, God willing, in May. So I think we're on track. This is a major, major obstacle that's overcome."

Another member of the Gang of Eight – Sen. Marco Rubio (R) of Florida – issued a more cautionary statement Sunday morning.

"I'm encouraged by reports of an agreement between business groups and unions on the issue of guest workers," he said. "However, reports that the bipartisan group of eight senators have agreed on a legislative proposal are premature."

Rubio then laid out what he sees as the legislative road ahead:

"We have made substantial progress, and I believe we will be able to agree on a legislative proposal that modernizes our legal immigration system, improves border security and enforcement and allows those here illegally to earn the chance to one day apply for permanent residency contingent upon certain triggers being met. However, that legislation will only be a starting point.

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