শুক্রবার, ৮ মার্চ, ২০১৩

Cubans mourn Venezuela's Chavez, worry about the future

HAVANA (Reuters) - Mourners lined up across the country on Thursday as Cuba paid homage to the late Venezuelan President Hugo Chavez, amid concerns that his generous policies would not survive him.

In many cities and towns, people filed through government-arranged memorials to pay tribute to the man who poured oil and money into the island nation to help revive its economy after a near-collapse in the 1990s.

In Havana, lines stretched around the full sweep of Revolution Square, where former Cuban leader Fidel Castro used to speak to rallies of a million people, as they went to the memorial beneath a giant statue of Cuban hero Jose Marti.

Such honors were previously reserved only for commanders in Cuba's 1959 revolution, including Ernesto "Che" Guevara, the Argentine who helped lead the rebellion and years after his death remains an inspirational figure for leftists globally.

Whether Chavez, who died of cancer on Tuesday at the age of 58, will achieve the same posthumous status remains to be seen, but for Cubans his importance could not be understated.

"He gave us help when we needed it most. He gave us hope," said grim-faced student Tomas Silvio, 24, as he left the Marti monument.

A tearful woman behind him carried a large photo of Chavez, inscribed with the words "Heart of my life."

Chavez came to Cuba's rescue after the communist island's economy plummeted into what is known here as the "Special Period" after the 1991 fall of the Soviet Union, its top ally and benefactor for 30 years.

Under his rule, Venezuela had been shipping Cuba 115,000 barrels of oil a day in exchange for the services of 44,000 Cubans, most of them medical personnel.

He and President Raul Castro, who replaced older brother Fidel five years ago, worked to integrate the two countries' economies with some 30 joint ventures and agreements for many more that have yet to take wing.

According to official Cuban figures, Cuba-Venezuela trade in 2011 was $8.3 billion, out of the island's total of $20 billion.

While life is still not easy for most Cubans, who earn an average of $19 a month but receive various social benefits, it is better than the deprivation and prolonged power blackouts they suffered during the Special Period.

Predictably, the prospect of life without Chavez has raised worries of a return to those times.

Most Cubans are pulling for Chavez' preferred successor, Vice President Nicolas Maduro, to win an upcoming election for the presidency, under the assumption that he will continue the late leader's policies.

His expected opponent, the more conservative Henrique Capriles, has said if elected, Venezuela's oil largesse, which also goes to a number of countries besides Cuba, will end.

But there are doubts about whether Maduro has the political force to keep the Chavistas unified and in power.

"I don't think Maduro has the strength that Chavez had. Will he be able to survive a coup? I don't think so," said housewife Deisy Gonzaga, 34, as she waited for a bus amid the crumbling buildings of Central Havana.

WORD OF POTATOES

Cuban insecurity is fanned by the fact that despite the efforts of Chavez, life on the Caribbean island is still Spartan, with little money, few extras and limited choices.

A few blocks from the long line of mourners in Revolution Square, Cubans queued up around the wire fence of a neighborhood agricultural market because word had spread that for the first time in weeks, potatoes were available.

A security guard at the gate kept order by allowing customers in a few at a time, but there were still shouts of discontent from the anxious and growing crowd.

"We haven't had potatoes for some time. I guess the harvest has started," said retired engineer Anibal Fontana, 78, as he stood with an empty sack in hand, waiting his turn.

"Cubans are used to this, lines for everything," he said.

Not all Cubans are worried about Venezuela's political future. Lazaro Rodriguez, a building manager in the Vedado district, said he expects Maduro to win and continue the policies of Chavez.

"Nothing is going to happen here because nothing is going to happen in Venezuela," Rodriguez said. "What Chavez has done, the move to the left in Latin America, is irreversible."

(Reporting By Jeff Franks; Editing by Todd Eastham)

Source: http://news.yahoo.com/cubans-mourn-venezuelas-chavez-worry-future-023935741.html

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মঙ্গলবার, ৫ মার্চ, ২০১৩

Yellen defends Fed's low interest rate policies

(AP) ? The No. 2 official at the Federal Reserve said Monday that she does not see any risks at the moment from the Federal Reserve's low-interest rate policies that would prompt her to urge that the policies be curtailed.

Janet Yellen, vice chair of the Fed, provided an aggressive defense of the central bank's efforts to keep interest rates low, seeking to answer critics both inside and outside of the Fed who have warned that the efforts could generate higher future inflation or market instability.

The Fed is buying $85 billion per month in Treasury bonds and mortgage-backed securities to push long-term rates lower.

Yellen said while the risks needed to be monitored closely, "At this stage, I do not see any that would cause me to advocate a curtailment of our purchase program."

Her comments to a policy conference sponsored by the National Association for Business Economics echoed remarks Federal Reserve Chairman Ben Bernanke made last week in congressional testimony and in a speech he made Friday night.

Yellen said that while there were risks from the Fed's aggressive efforts to boost the economy and reduce unemployment, there were also risks from not being aggressive enough.

"At present, I view the balance of risks as still calling for a highly accommodative monetary policy to support a stronger recovery and more rapid growth in employment," Yellen said.

The comments from both Yellen and Bernanke sent a strong signal that the Fed is standing by its low-interest rate policies. Questions about whether the Fed might decide to curtail the bond purchases and end them altogether had arisen based on criticism from some Fed regional bank presidents that they believed the risks outweighed the benefits of the bond purchases.

Both Yellen and Bernanke sought to assure financial markets that the Fed is closely monitoring the bond buying efforts and will respond to any threats that the purchases, which have pushed the Fed's holdings above $3 trillion, could raise the threat of financial instability. Some critics have worried that the extended period of low interest rates were causing some investors to pursue riskier investments.

Yellen said that at the moment she did not see "pervasive evidence of trends such as rapid credit growth, a marked buildup in leverage or significant asset bubbles that would clearly threaten financial stability."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-03-04-Fed-Yellen/id-9d2b9cc0f1d24f59b1dd7bb82bd97646

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Why Every Office Should Switch To Walking Desks

lifespan_treadmilldesk_hero angle with computer_300dpiMan was not meant to spend all day hunched over a dimly lit screen; disturbingly high incidences of obesity, joint pain and fatigue are our bodies’ not-so-subtle ways of saying they want to get up and move around. After piloting a walking desk – a standing desk attached to a treadmill – for a month, I’m convinced they should become the default workstation. Immediately, my daily calorie burn jumped 30.7 percent, and I lost 3 pounds and a percent of body fat in a week. I also experienced less joint pain throughout the day. What Is A Walking Desk? The Lifespan TR-1200-DT5 (retail: $1,500) places a square standing desk atop standard-size treadmill (74″). Instead of a large front dashboard, a relatively discrete control panel for speed is attached on the body-facing side of the desk. Speed varies from .4 MPH to 4MPH (about the pace of a light run). Getting Started With Slow But Steady Adjustments Migrating to the walking desk was relatively easy: I just plopped my laptop and monitor down on the squarish 46-inch desk and got to work. The intuitive interface lets you choose several tracking mechanisms for calorie burn and distance. The first day I couldn’t walk more than an hour at a time before I felt like I was losing concentration. It also takes some getting used to walking like a Tyrannosaurus rex (arms tucked-in and elbows bent at the keyboard). At first, I would work for an hour walking, and then sit for 30 minutes. The first day I walked about four hours. Now I only rest once a day. It also took a bit to develop the musculature in my upper back to support raised arms for hours on end. This is no longer a problem. After experimenting with different speeds, I now vary between .8 and 1.2, picking up speed in the late morning/early afternoon to offset the natural fatigue that precedes the morning news rush. Every so often I have to lean on my elbows or straddle the rails to take a break. Burning More Calories While it’s intuitive to think that walking for an extra 5 to 8 hours a day would burn more calories, recent scientific evidence suggested otherwise. A study of “exergames” – video games that require full-body movement – found “no evidence that children receiving the active video games were more active in general, or at any

Source: http://feedproxy.google.com/~r/Techcrunch/~3/97pY8HXI4Dk/

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রবিবার, ৩ মার্চ, ২০১৩

Kerry: Divided Egypt needs political compromise

U.S. Secretary of State John Kerry looks down during a pause in a statement to the media with Egyptian Foreign Minister Mohammed Kamel Amr, not pictured, at the Ministry of Foreign Affairs in Cairo, Egypt on Saturday, March 2, 2013. Cairo is the sixth leg of Kerry's first official overseas trip and begins the Middle East portion of his nine-day journey. (AP Photo/Jacquelyn Martin, Pool)

U.S. Secretary of State John Kerry looks down during a pause in a statement to the media with Egyptian Foreign Minister Mohammed Kamel Amr, not pictured, at the Ministry of Foreign Affairs in Cairo, Egypt on Saturday, March 2, 2013. Cairo is the sixth leg of Kerry's first official overseas trip and begins the Middle East portion of his nine-day journey. (AP Photo/Jacquelyn Martin, Pool)

Egyptian activists burn a poster depicting U.S. Secretary of State John Kerry during a protest outside the Egyptian foreign ministry in Cairo, Egypt, Saturday, March 2, 2013. Cairo is the sixth leg of Kerry's first official overseas trip and begins the Middle East portion of his nine-day journey. (AP Photo/Amr Nabil)

An Egyptian activist shouts slogans as she holds a poster depicting Egyptian Islamist President Mohammed Morsi doctored to resemble Adolf Hitler during a protest outside the Egyptian foreign ministry during a visit by U.S. Secretary of State John Kerry in Cairo, Egypt, Saturday, March 2, 2013. Cairo is the sixth leg of Kerry's first official overseas trip and begins the Middle East portion of his nine-day journey. (AP Photo/Amr Nabil)

U.S. Secretary of State John Kerry, left, and Egyptian Foreign Minister Mohammed Kamel Amr leave after a news conference at the Ministry of Foreign Affairs in Cairo, Egypt on Saturday, March 2, 2013. Cairo is the sixth leg of Kerry's first official overseas trip and begins the Middle East portion of his nine-day journey. (AP Photo/Jacquelyn Martin, Pool)

U.S. Secretary of State John Kerry gives a statement to the media at the start of a meeting with business leaders in Cairo, Egypt on Saturday, March 2, 2013. Cairo is the sixth leg of Kerry's first official overseas trip and begins the Middle East portion of his nine-day journey. (AP Photo/Jacquelyn Martin, Pool)

(AP) ? Egypt's bickering government and opposition need to overcome their differences to create "a sense of political and economic viability" if the country is to thrive as a democracy, U.S. Secretary of State John Kerry said Saturday.

He urged them to compromise for the good of the country.

In meetings with Egypt's foreign minister and opposition politicians, some of whom plan to boycott upcoming parliamentary elections, Kerry said an agreement on economic reforms to seal a $4.8 billion International Monetary Fund loan package was critical. Closing the IMF deal also will unlock significant U.S. assistance promised by President Barack Obama last year.

But Kerry's message to the liberal and secular opposition may have been blunted as only six of the 11 guests invited by the U.S. Embassy turned up to see the top American diplomat at a group meeting, and three of those six said they still intended to boycott the April polls, according to participants.

Undaunted, Kerry told reporters he had heard great passion from those who did attend and was convinced that they wanted to work in Egypt's best interests.

But after meeting with Foreign Minister Kamel Amr, he acknowledged the difficulty in overcoming the deep differences. He said he would make that point to President Mohammed Morsi, an Islamist from the Muslim Brotherhood, in their talks Sunday.

"I say with both humility and with a great deal of respect that getting there requires a genuine give-and-take among Egypt's political leaders and civil society groups just as we are continuing to struggle with that in our own country," Kerry told reporters, in apparent reference to the current stalemate in Washington over the federal budget.

'There must be a willingness on all sides to make meaningful compromises on the issues that matter most to all of the Egyptian people."

Kerry spoke by telephone with Mohammed ElBaradei, a Nobel peace laureate who heads the National Salvation Front, an opposition coalition calling for the election boycott.

He also met privately with Amr Moussa, a former minister under ex-President Hosni Mubarak who's now aligned with the Salvation Front. Moussa, an ex-Arab League head, ran for president last summer.

Neither ElBaradei nor Moussa attended the group meeting.

The Salvation Front says now is not the time for elections that will further polarize the country while violent clashes continue between protesters and security forces, further shaking the faltering economy.

Even as Kerry arrived from Turkey on the latest stop in his first official overseas visit as secretary of state, activists in the Nile Delta city of Mansoura said a 35-year-old protester was killed when an armored police vehicle crushed him to death during violent anti-Morsi protests Saturday.

In the restive Suez Canal city of Port Said, a police vehicle ran over five people Saturday after protesters marching along a main street refused to allow the car through.

The continuing political turmoil has scared away tourists and foreign investors, eroding Egypt's foreign reserves by nearly two-thirds of what it was before the uprising. Those reserves, which stand at less than $14 billion, are needed to pay for subsidies that millions of poor Egyptians rely on for survival.

Kerry told business leaders that the U.S. is not picking sides in Egypt, and he appealed to all sides to come together around human rights, freedom and speech and religious tolerance. Equally essential, he said, is uniting to undertake the reforms necessary to qualify for the IMF package. Those include increasing tax collections and curbing energy subsidies.

"It is clear to us that the IMF arrangement needs to be reached and we need to give the market place some confidence," Kerry said.

"It is paramount, essential, urgent that the Egyptian economy gets stronger, gets back on its feet and it's very clear that there is a circle of connections in how that can happen," he said. "To attract capital, to bring money back here, to give business the confidence to move forward, there has to be sense of security, there has to be a sense of political and economic viability."

Opposition politician Mohammed Abu Hamed said Kerry told the six attendees that Egypt must quickly end the turmoil to restore investor confidence and help the country get the loans it needs. But he said he was unmoved by Kerry's unity appeal and suggestion that if the opposition wanted its voice heard it should participate in the elections.

"He is coming with conviction that elections are the solution," Abu Hamed told The Associated Press after the meeting.

"Three of us insisted on our position to boycott elections and explained our opinion," he said. "The other three said they would take part, but that there needs to be guarantees of transparency and fairness in the elections."

One invitee who decided not to attend, Ahmed Maher, the founder of a group that helped spark the revolution that toppled Mubarak, said he didn't go because the meeting's goals were unclear, its allotted time of about an hour was not long enough and it lacked major opposition figures.

"It is clear that nothing has changed in Washington's shallow way of dealing with Egypt," he said. "There are no deep conversations. Everything is just being rushed through." He added that the elections will be a "one-sided game" because the Muslim Brotherhood is running Egypt.

Kerry finished his day with Kamel Amr at the foreign ministry. Before the meeting, several hundred people protested against Kerry's visit. They burned Kerry's pictures and chanted that Washington was siding with the Muslim Brotherhood; they dispersed before Kerry arrived.

The foreign minister said he was hopeful that the Obama administration would come through for Egypt.

"Of course, we expect from friends, especially the United States as a strategic partner, to stand by Egypt in this period, especially on the economic issues," he said.

Kerry is in Cairo on the sixth leg of a nine-nation trip to Europe and the Middle East.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-03-02-Kerry/id-670b22baf3634219ad89c3734b80f358

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Obama: We will get through cuts

AAA??Mar. 1, 2013?11:47 AM ET
Obama: We will get through cuts
By JIM KUHNHENNBy JIM KUHNHENN, Associated Press?THE ASSOCIATED PRESS STATEMENT OF NEWS VALUES AND PRINCIPLES?

House Speaker John Boehner of Ohio speaks to reporters outside the White House in Washington, Friday, March 1, 2013, following a meeting with President Barack Obama and Congressional leaders regarding the automatic spending cuts. (AP Photo/Carolyn Kaster)

House Speaker John Boehner of Ohio speaks to reporters outside the White House in Washington, Friday, March 1, 2013, following a meeting with President Barack Obama and Congressional leaders regarding the automatic spending cuts. (AP Photo/Carolyn Kaster)

House Speaker John Boehner of Ohio enters the White House in Washington, Friday, March 1, 2013, for a meeting with President Barack Obama and Congressional leaders to discuss the automatic federal spending cuts. A fiscal deadline all but blown, President Barack Obama says he once again wants to seek a big fiscal deal that would raise taxes and trim billions from expensive and ever growing entitlement programs. (AP Photo/Carolyn Kaster)

In this Feb. 28, 2013, photo, House Speaker John Boehner of Ohio pauses while meeting with reporters during a news conference on Capitol Hill in Washington, to answer questions about the impending automatic spending cuts that take effect March 1. (AP Photo/J. Scott Applewhite)

Senate Democratic leaders finish a news conference on Capitol Hill in Washington, Thursday, Feb. 28, 2013, after answering questions about the impending automatic spending cuts that take effect March 1. From right to left are, Senate Majority Whip Sen. Richard Durbin of Ill., Sen. Charles Schumer, D-N.Y., Senate Majority Leader Harry Reid of Nev., and Sen. Patty Murray, D-Wash. (AP Photo/J. Scott Applewhite)

In this Feb. 28, 2013, photo, House Minority Leader Nancy Pelosi of Calif., joined by fellow House Democratic women, gestures during a news conference on Capitol Hill in Washington, to talk about the impending automatic spending cuts that will most likely take effect late Friday, March 1. (AP Photo/J. Scott Applewhite)

(AP) ? President Barack Obama says Americans will get through the automatic spending cuts kicking in Friday.

Obama says the nation shouldn't be making "dumb and arbitrary" cuts. He says Republicans have allowed the cuts to happen.

Obama stays he still believes the cuts can be replaced, but he wants a deal that includes more taxes.

He says as long as the cuts stay in effect, Americans will know that the economy could have been better had they been averted.

Obama spoke after a meeting with congressional leaders that yielded no immediate results.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-03-01-Budget%20Battle/id-a7c91ed83abc41669848dc441e833743

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