Vp: Culture Of Indonesia Open

Jakarta -Vice President Boediono reminded that since the ancient culture of Indonesia open to the outside world. To that end, the people of Indonesia don't close yourself to the interaction with other cultures and should always remain prepared to slap on disruptive.

"The preservation efforts of indigenous peoples and the nation's culture is needs to be done, especially in this era of globalization.But here's how to be precise and intelligent, not to shut down. Since the first inhabitants of the Archipelago we are interacting with the outside world. Our culture is the culture is open, "said the second term.

It was gave when opening a national Hospitality of Kings and sultans of the Malay Archipelago II in gedung Merdeka Jl. Asia Afrika, Bandung, Saturday (25/6/2011).

To preserve the Customs and culture of the archipelago, about the second term, indigenous values and cultures must be always inculcated in children of Indonesia. However diingatkannya, that it is not enough to make them able to compete with the outside world.

How did the children Indonesia should also be given new values and better than ever before. "The preservation of indigenous peoples and cultures should be attempted to not collide with the progress. Culture and progress are not necessarily mutually exclude each other, "said the Professor of the Faculty of Economics and business at GADJAH MADA UNIVERSITY.

National hospitality of Kings and sultans of the Malay Archipelago II was attended by representatives of the Kingdom and the 201 from sabang until merauke. During the opening ceremony they wear clothes his grandeur respectively. While the second term who accompanied a number of Cabinet Ministers United Indonesia II is present in the wrap of batik shirts.

(adi/lh)


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Feds look into truck driver killed in Amtrak crash (AP)

RENO, Nev. – Authorities plan to look into the driving and medical records of the semitrailer driver who died when the truck slammed into an Amtrak train, killing a train crew member and injuring dozens of passengers.

Peter Knudson, a spokesman for the National Transportation Safety Board, said they also will look at autopsy results to determine whether the driver had consumed any drugs around the time of the collision Friday.

The big rig plowed into the California-bound train at a crossing in a rural area about 70 miles east of Reno. Knudson said federal investigators would make sure that railroad lights and crossing gates were working at the time.

Nevada Highway Patrol Trooper Dan Lopez said the gates and warning lights were working. Witnesses told authorities that the truck didn't seem to attempt to stop at the crossing when it crashed through the gate. The driver was the sole occupant of the semi, which was hauling two empty gravel trailers.

About 20 people aboard the train were taken to hospitals in Reno and Fallon, but Lopez didn't know the extent of their injuries. Dan Davis, spokesman for Renown Regional Medical Center in Reno, said two people were in critical condition, four were in serious condition and three were in fair condition.

"We're seeing the typical kinds of injuries you see in an accident like this — blunt force trauma, fractures, abrasions, lacerations and internal organ injuries," Davis told The Associated Press.

Amiee Fulk, spokeswoman for Banner Churchill Community Hospital in Fallon, said more than 10 people were treated in its emergency room, but she was unsure whether any were admitted into the facility.

Amtrak spokesman Marc Magliari in Oakland, Calif., said most of the injuries were not life-threatening. He said 204 passengers and 14 crew members were aboard the California Zephyr en route from Chicago to Emeryville, Calif., which is about 300 miles west of the crash site.

Amtrak said the other passengers were taken to schools for food and shelter, and that they would make the rest of the trip west on buses.

Passenger Jim Bickley told Sacramento, Calif., television station KXTV that the tractor-trailer hit the fourth car on the train. Another passenger, Abel Ortiz, 42, of San Jose, Calif., said he was sleeping on the side of the car that was struck.

"As I looked up, I saw the train being ripped up. It created an opening in our car," Ortiz told the Lahontan Valley News & Fallon Eagle Standard newspaper in Fallon. "I saw the flames come over the windows of the side, like a quick flash of flames. Then smoked filled up everything. There was some screaming."

His 13-year-old son, Aaron, said the flames startled him.

"I thought I was sleeping but I said this isn't a dream," he said. "I was scared. On a scale of 1 to 10 (with 10 being the scariest), this was an 11."

Monte Mentry, 75, of Sebastopol, Calif., who boarded the train in Salt Lake City, said "the train rocked, and I was bouncing up and down in the seat (after the collision. Everything in the luggage rack came down."

Nevada Gov. Brian Sandoval visited with passengers in Fallon.

"Our hearts go out to the victims and their families," the governor said in a statement. "(My wife) Kathleen and I will keep them in our thoughts and prayers."

The collision occurred on tracks owned by Union Pacific Railroad. It was uncertain how the accident would affect train traffic on the railroad's main east-west line across Nevada, railroad spokesman Aaron Hunter said. About 20 to 25 freight trains use the line daily.

"It's too early to know how long this line will be blocked by this incident," Hunter said. "We have an alternative route to the north, but it takes longer to reach destinations on that route."

The collision was on a portion of tracks that cross U.S. 95 about three miles south of I-80 in the heart of the Forty-Mile Desert. That was considered one of the most difficult sections of the entire overland journey by California-bound, covered-wagon pioneers in the 19th century.

___

Associated Press correspondent Scott Sonner contributed to this report from Reno.

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M Ridwan Blind law, Judges Ignore the rights of the accused

Jakarta -M Ridwan, a convicted person drug cases on trial in just over 11 minutes and direct a verdict is a person who is blind. Whether intentionally or not, the judges have ignored rights of Ridwan as a defendant.

Director of LBH Nuriyono Field says, the waiver can be seen from the justice process
the trial, which lasted an incredible Ridwan shortly. In addition, the Tribunal judges
chaired by Jhoni Sitohang did not mention the sentences that should be mentioned.

"So the time after the indictment was read out, the defendant was not given a copy of the indictment. When the judge asked will step forward to defend themselves or accompanied, judges do not advocate about lawyers who could be provided by the State, "said Nuriyono told the detikcom, Saturday (25/6/2011).

According to Nuriyono, Because M Ridwan blind law, then the defendant provided that answers are going to defend yourself. After that, the agenda of the session directly to the examination of witnesses was followed in the examination of the defendant.

"After that directly read out demands. How can the Prosecutor prepares charges with such forces his lightnings. It's not reasonable, "said Nuriyono.

The gaffe was not quite up there. Complete reading of the charges, not how long
then the judge immediately read out its case. After that, the judge did not ask the defendant whether or not to do the remedy of appeal.

"So there are no words that, after the reading of the charges that are important-important-only direct a verdict. This procedure beracara that clearly violated, "said Nuriyono.

M Ridwan was sentenced to six years in prison in just one time trial for 11 minutes. Tribunal judges are judge Ridwan proven lawfully and persuasive over the ownership of sabu-sabu weighing 5 grams. The hearing was held on 15 June.

During the trial, JPU Nurlila Hasibuan, do not submit the indictment to the Pirlo and family parties for study. In this trial, the indictment charges until a verdict was held for approximately 15 minutes.

See it, the family reported it to the LBH Field. LBH next Field will report to the Commission and the Attorney. KY To KY, they would have reported related indiscipline judges PN Field in proceedings such as the rights of the accused for a remedy of appeal.

While the Commission reported Prosecutors related violations committed JPU who did not give the indictment to the accused during the trial was held.

(ken/fay)


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In Boston gangster story, a tale of 2 brothers (AP)

BOSTON – It has all the hallmarks of a Greek tragedy: two brothers whose lives diverge radically — one into an underworld of crime, the other into the upper echelons of state politics — yet whose fates remain inextricably linked.

Generations of Boston residents have watched that story play out in the real-life drama of former Democratic Senate President William "Billy" Bulger and his older brother, alleged gangster James "Whitey" Bulger.

At the heart of the story, at least for the younger Bulger, was a fierce loyalty to family and the shared experience of growing up in the working class Irish-American enclave of South Boston, where the line between brawling and bare-knuckled politics was easily blurred.

The two brothers also shared one more thing: a willingness to use whatever power was available to them.

In William's case, that was a savviness for street-smart politics that propelled him into one of the most powerful positions on Beacon Hill, where he earned a reputation for arm-twisting that rarely saw him lose a battle.

For Whitey, according an inch-thick pile of indictments, that power came at the barrel of a gun and a coterie of enforcers.

Whitey's surprising arrest after 16 years on the run to face 19 murder charges this week has again thrust the brothers' story into the spotlight.

It's a relationship that would dog William Bulger throughout his career, ultimately forcing his resignation as president of the University of Massachusetts system in 2003 after he testified before a congressional committee investigating the FBI's ties to his brother, who by then had been revealed as an FBI informant.

After receiving immunity, William acknowledged receiving a call from Whitey shortly after he fled.

"The tone of it was `Don't believe everything that is being said about me,'" William Bulger said. "I think he asked me to tell everybody he was OK. ... I think I said I hope this has a happy ending."

Two years earlier, William Bulger had told a grand jury he didn't urge his brother to surrender because he didn't "think it would be in his interest to do so," according to a transcript of his testimony obtained by The Boston Globe.

"It's my hope that I'm never helpful to anyone against him," the younger Bulger said, according to the transcript. "I don't feel an obligation to help everyone to catch him."

Among those pressing William Bulger to resign from his university post was then-Republican Gov. Mitt Romney.

For William Bulger it was a role as defender of his brother that he'd long ago accepted, even as Whitey allegedly disappeared into an increasingly violent criminal netherworld.

In his 1996 memoir "While the Music Lasts," William Bulger described Whitey, five years his senior, as being in "a constant state of revolt," and as "restless as a claustrophobic in a dark closet."

Whitey kept himself in top physical shape, neither smoke nor drank, shunned addictive drugs, and had "an abundance of good humor and a wildly creative talent for impish mischief," his brother wrote.

But William Bulger also said Whitey found himself in trouble with police and once ran away to join the circus — signing on with Ringling Brothers and Barnum & Bailey Circus as a roustabout. The older brother joined the Air Force but had trouble conforming and was later discharged.

"He was just being Jim," Bulger wrote.

William Bulger said that it was around this time that Whitey fell in with a crowd involved in bank holdups and in 1956 was convicted of involvement in three bank robberies and sentenced to 20 years. He served part of what turned out to be an 11-year sentence in Alcatraz.

Four years after Whitey's conviction, William was first elected to the Massachusetts House.

In the years following Whitey's release, William blamed the press for spreading what he called "lurid allegations" about his brother, speculating that some of the "dark rumors" were nothing more than political attacks on him.

As Whitey's criminal activities allegedly turned more brutal, William Bulger rose through the Statehouse ranks. In 1970 he won a Senate seat and eight years later was elected Senate president by the 40-member chamber, a position he would hold for a record 17 years.

Even after Whitey fled in 1995 of the eve of his indictment on racketeering charges, William remained loyal, accusing overzealous prosecutors of buying testimony with promises of early release from prison.

"It has been known for many years that a `get out of jail' card has been available to anyone who would give testimony against my brother," he wrote.

At the same time, William was earning a reputation as a tough-minded leader who rewarded supporters and punished critics.

Warren Tolman, a former Democratic senator who was among those critics, served briefly under him.

Tolman said that although he often found himself at loggerheads with William Bulger, he felt Bulger treated him fairly and could be "a charming guy" when he wanted.

Still, Bulger wasn't shy about using his political might.

Tolman said after he was able to prevent a transportation funding proposal from passing by a single vote, Bulger, who opposed the measure, used his muscle to flip a vote, forcing the proposal through.

"By and large he got his way whenever he wanted," Tolman said. "You knew that if you took him on it was going to be an uphill battle."

Tolman said he never recalled open discussions about Bulger's brother even his Senate colleagues "certainly knew of the legend of Whitey Bulger."

"I don't think anyone ever realized the scope of the dastardly deeds he's accused of," Tolman said.

Occasionally the lines between politics and the underworld blurred.

In 1994, then-state Sen. William Keating led a group of like-minded liberal lawmakers in an attempt to oust Bulger as Senate president.

Although the challenge failed, the campaign against Keating was fierce. Keating said his supporters from South Boston told him that Whitey had paid people to travel to Keating's district to hold signs for his Republican opponent.

Keating said he had his own brief run-in with the reputed mobster, who approached him and lit into him with a barrage of profanity-laced insults for trying to take down his brother.

Keating, who went on to become Norfolk District Attorney before being elected to Congress last year, said he's friends with a family who lost a loved one to Whitey's violence, according to the indictments against him.

"There's a tendency to glamorize abuse of power and a tendency to glamorize the gangster life, but as a district attorney I was there as they were unearthing the bodies of (Whitey Bulger's) victims," Keating said. "It's not funny and it's not glamorous. It was savage and it was brutal."

In a written statement following Whitey's arrest this week, William Bulger said he wished to "express my sympathy to all the families hurt by the calamitous circumstances of this case."

Then, during Whitey's brief appearance in federal court in Boston on Friday, the aging brothers had a fleeting reunion of sorts. Whitey, now 81, smiled at his younger brother and mouthed the word `Hi.' William smiled back.

William, speaking briefly to reporters as he left the courthouse, appeared emotional.

"It's an unusual experience," he said.

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The spread and Police Superintendents, Gaurantee PRJ Satpol Free Thug

Jakarta -Maintainer Pekan Raya Jakarta (PRJ) shook off the thugs that the Kemayoran hanging out at the parking area outside PRJ. The organizers ensure safe conditions arena PRJ.

"The area surrounding the arena PRJ Kemayoran is apparently not active there as some time ago was rumored through facebook and blackberry. Rampant thuggery, pemalakan, and pairs of tariffs eating frenzy, turned out to be just a puff
the thumb. If a visit to Jakarta Fair, You will see in the seputaran Arena PRJ quite a lot of police and satpol PP Cherub in every corner, "said Media Relations PT JIExpo Kemayoran, Dinar in the release to detikcom, Saturday (25/6/2011).

Dinar says, around the arena PRJ Kemayoran is a four-point security command post. Each was in front of Door 1, PRJ across Bunderan PRJ, under fly over Benjamin Suaeb and Bunderan Gambir Expo.

"Not to mention the police patrol cars pacing around the arena, as well as a car be ready at all also Satpol PP at various points. At the command post located at the door 1 PRJ at least 50 police and 50 apparatus Satpol PP seemed to be ready at all towards opening hours Jakarta Fair. Among them there are also dozens of members of youth organizations who helped secure the Kemayoran area. Similar vigilance is also seen in other command post-posko Arena PRJ, "he added.

According to the Iraqi Dinar, visitors are asked not to worry are inside and outside of PRJ. During the opening hours of hundreds of security personnel spread to any point in the Kemayoran area around PRJ. Police apparatus set up traffic and be ready at all in the visitor concentration points Jakarta Fair. Satpol PP set up a five-foot traders and members of youth organizations to help traffic flow.

"The members of youth organizations seem to help the police and in regulating the flow Satpol PP traffic heading for the parking entrance Arena PRJ, and when parking in the already full, they will help drive parking in pockets
the parking has been provided. Parking tariffs outside the Arena PRJ was nothing more than $ 20,000 for the car, or more expensive Rp 5,000 instead of the official parking in the arena PRJ just pegged at Rp 15,000. For a motorcycle is charged Rp 10,000 to Rp 2,000 or more expensive than parking in the parking area that only Rp PRJ pegged 8000, "as the star.

(ape/fay)


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Obama: Advanced manufacturing can boost jobs (AP)

WASHINGTON – President Barack Obama says technological innovations such as robots can help pump jobs into the economy and spur growth in clean energy and advanced manufacturing.

In his radio and Internet address Saturday, the president echoed a plan he unveiled Friday in Pittsburgh to join the federal government, universities and corporations and re-ignite American manufacturing with an emphasis on cutting-edge research and new technologies.

"Their mission is to come up with a way to get ideas from the drawing board to the manufacturing floor to the marketplace as swiftly as possible, which will help create quality jobs, and make our businesses more competitive," Obama said in his address, which was taped Friday during his visit to Carnegie Mellon University, where he saw a display of mini-robots that explore water and sewer pipes.

He also marveled at robots that can defuse a bomb, mow a lawn, even scrape old paint.

With growing interest from the military, businesses and consumers, the Carnegie Mellon Robotics Institute has more than 500 technical experts and a $65 million annual budget.

The $500 million initiative is the latest effort by Obama to promote job creation in the midst of an economic slowdown that has reduced hiring and weakened his job approval standing with the public. Obama has tried to brave the weak economy by featuring job creation measures during weekly trips outside Washington and in his radio addresses. On Tuesday, he will visit an Alcoa factory in Bettendorf, Iowa.

The goal of his manufacturing plan, he said, is "to help make sure America remains in this century what we were in the last - a country that makes things."

As he prepares to meet with Senate leaders from both parties next week in hopes of restarting budget negotiations, Obama said he is "committed to working with members of both parties to cut our deficits and debt."

But he said he would not cut spending on education or infrastructure or in the type of innovative technologies he witnessed at Carnegie Mellon. "Being here in Pittsburgh, I'm hopeful about the future," he said.

In the Republican's weekly address, Rep. Renee Ellmers of North Carolina proposed a different remedy to boost American businesses. Ellmers, who owns a small medical practice with her husband, said the Republican plan would reduce regulations, expand domestic energy production and require the government to consider the effect of federal rules on hiring.

"The job creators we hear from, they don't have their hand out," she said. "They don't want a bailout. All they ask us to do is get government out of the way."

___

Online:

Obama address: www.whitehouse.gov

GOP address: www.youtube.com/RepublicanConference

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Greek ministers appeal to MPs to back austerity plan (Reuters)

ATHENS (Reuters) – Greek ministers urged wavering members of the ruling Socialist party on Saturday to do their duty in a knife-edge vote in parliament next week and back painful austerity measures that lenders demand as the price for fresh bailout loans.

Finance Minister Evangelos Venizelos offered to talk to any MP who might have concerns. "I believe that the sense of responsibility will ultimately prevail, the God of Greece is great," he said on TV station Alter.

With Prime Minister George Papandreou's majority down to a handful of votes, one deputy from his PASOK party said on Friday he would vote against the measures, joining another party rebel who announced his opposition earlier this month.

The mix of spending cuts, state selloffs and tax hikes demanded by international lenders to reduce Greece's enormous public debt has caused bitter resentment among ordinary Greeks, who have taken to the streets in daily protests.

A two-day general strike is planned next week to coincide with the votes, following a rolling series of strikes at companies including Greece's dominant electricity producer PPC, which is slated for privatisation next year.

Unable to borrow on the markets because of the ruined state of its public finances, Greece depends on international support to avert bankruptcy in the next few days, an event that could plunge the global economy into turmoil.

But international lenders have demanded a clear commitment to reform and if parliament fails to back either of two key austerity votes on June 29 and 30, the EU and the IMF may refuse to release a vital 12-billion euro funding that Greece needs immediately or to approve a new bailout package.

Athens accepted a package of 110 billion euros of EU/IMF loans in May 2010 but now needs a second bailout of a similar size to meet its financial obligations until the end of 2014, when it hopes to return to capital markets for funding.

Justice Minister Miltiadis Papaioannou urged his fellow MPs to back the unpopular measures. "They must shut their ears to all the criticism they are hearing and do their duty," he said in an interview on TV station Mega.

Despite heavy pressure from European leaders including German Chancellor Angela Merkel, the conservative New Democracy opposition party, has refused to support the package, meaning two or three votes either way could decide the outcome.

Papandreou's government now has 155 seats in the 300-strong parliament. Austerity measures have cost the Socialists five defections since their October 2009 election victory with a majority of 160 MPs.

The embattled prime minister last week sacrificed his previous finance minister, George Papaconstantinou, in a reshuffle to smooth the passage of the austerity plan but opinion polls still show him trailing the opposition.

Papandreou's MPs solidly backed the new government in a vote of confidence on Wednesday. But doubters maintain their opposition to higher taxes and the planned sale of shares in some state-controlled companies.

"Shops are shutting down every day and we are taking anti-growth measures," party maverick Thomas Robopoulos, a car dealer from Greece's second city, Thessaloniki, and one of the few businessmen in parliament told Reuters.

Austerity measures have pushed Greece into its deepest recession in 37 years, with GDP declining more than 4 percent last year. Unemployment has surged to a record 16.2 percent in March with youth jobless rates now at 43 percent.

Venizelos acknowledged that many of the measures he agreed with inspectors from the EU and the IMF late on Thursday were unfair and harsh, but said they were necessary to stave off default.

(Editing by Alistair Lyon)

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TKI task force Officials Filled Kemenkumham, Kemlu and Advocate

Jakarta -the Government has formed a task force to advocate for citizen TKI Indonesia threatened the death penalty abroad. Muhaimin Iskandar said Menakertrans members of the task force was later filled by officials of the two ministries and a number of lawyers.

"It consists of Kemenkumham), Kemlu (Ministry of Foreign Affairs) and I try from the advocate also exist," said Muhaimin after discussion Polemic Trijaya FM, Cikini, Jakarta Leaves Stalls, Saturday (25/6/2011).

A man accosted Cak this familiar saying, Imin task force will conduct a thorough measures to handle the threatened punishment TKI abroad. He hoped the Force could be directly acted quickly.

"Force it replaced advocacy measures, including measures of diplomacy of the special, we especially TKI, which threatened death row inmates or other heavy punishment. We will be working as quickly as possible. Today's contacts with the Foreign Minister and Kemenkumham for specific names that deserve to sit in the force. Good capacity of keadvokasiannya and diplomacy, "explained Chairman of PKB.

Cak Imin explaining his side will soon finish task force personnel TKI. "Effective Immediately, I hope Monday (27/6) name already exists, we tindaklanjuti the meeting," he added.

(ape/fay)


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The Sultan and King asked for a special ACT

Jakarta -in Indonesia there are hundreds of kingdoms and Kingdom spread from Sabang until Merauke. They now require special laws that protect the existence and asserted the authority of the Kingdom and the Kingdom as part of the culture.

"So that the Constitution can be run on a pure and consistent then there should be a special ACT which protects the Kingdom and Yogyakarta co-citizens adatnya seindonesia," says GRAY Koes Wandasari of the Murtiyah ruler of Surakarta Hadiningrat.

It was acknowledged as the King and then represent the Sultan in the opening of national Hospitality of Kings and sultans of the Malay Archipelago II in gedung Merdeka Jl Asia Afrika Bandung, Saturday (25/6/2011).

Koes had asked that the direction of the national development policy in favour of culture of the archipelago. For example, by paying special attention to the cultural centers in Indonesia.

"Communicating with the Kings and sultans of the Malay Archipelago can last well, then we proposed that the Minister of the Interior, Mendupar, and coordinating Minister for people's welfare being the Menag pengayom raja and sultan
se-Indonesia, "he said.

Vice President Boediono, who were present opened the event did not respond to the proposals of the Kings and sultans are specifically. This national hospitality will be held for two days through Sunday
(26/6) tomorrow. As much as 201 kingdoms in nusantara sending representatives.

(adi/lh)


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Photo of the Mayor's Young Wife & Diani Circulating in Bogor

Jakarta -fourth Mayor of Bogor Wedding Budiarto surely make society Diani curious with the face of Siti Indriyani, his third wife. Well, today is circulating the photo both of them, which received limited by some quarters.

The reporters in Bogor also get pictures of the couple, Saturday (25/6/2011). Apparently, this photo was obtained by photographing a wedding invitation Diani-Siti.

For some who make this picture the first time. However this picture soon circulating among limited. Chances are, creator of the photo is one of the Diani invitation, so he could get a photo of Diani-Siti's invitation.

Photo impression of the invitation is very perceptible because they are both covered by pictures of typical muslim marriage invitation letter quoting Ar-Ruum.

In that photo, Diani seemed to sit down while wearing a suit of dark colors. Siti berkebaya yellow standing next to him with a left hand hug Diani.

No one apparently comments a number of colleagues near Diani. Siti indeed look beautiful. His skin is white with a slender body and looked high semampai. Smile tersungging from lips both partners appear to be happier.

So far there has been no comment from the Government of Bogor on this photo. Chairman of the Department of public relations, city of Bogor Asep Paradise yet to respond when contacted detikcom via your phone.

Wedding with Jane's fourth marriage to Diani. However, Siti was the third wife in the life of the young ' uns "done Diani.

Diani was divorced by his first wife, when he married Fauziah, who is currently accompanying as Mayor of Bogor. In 2004, Diani began by marrying a young ' uns "Organization Administrators.

Then in 2011, the wife of Diani increased to three people. Diani married Siti (19) a former employee of the cafe in Kemang, Jaksel. Reception closed at the residence of their celebrated Diani in Bogor Nirvana Residence on Thursday (11/6) yesterday.


(fay/ape)


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Lho! It's true there's gold in the River Logawa

Banyumas -The pendulang gold in Banyumas, apparently had a different opinion in the matter of gold MINERAL RESOURCES in Banyumas Logawa River. According to them, there is indeed gold in the River. However, it is not a grain of gold golden age stone collected citizens but rather smaller granules.

The pendulang of gold from the Banyumas, Central Java, come down to the River, to look for Logawa gold. Average of the pendulang gold is from outside the area of Subdistrict Karanglewas.

They come upon hearing the news that States if there was gold in the River Logawa. The pendulang of gold is expressed if there were indeed Logawa River of gold.

It is evidenced by the discovery of gold from sand and stones that were didulang by them. Well, in contrast to what has been found by residents around, gold obtained by its pendulang is its small, not as large as bullet rifles during this tumultuous Banyumas citizens.

"Grain in the form of a round like a BB gun is indeed no levels are made of gold, I don't know what, that definitely does not exist. But if this is the in the sand, "said Pari, pendulang gold of Purwokerto, Saturday (25/6/2011) to detikcom.

Of proof about the existence of the gold deposits are also expressed by Daroji, pendulang of gold around the River Tajum, Ajibarang, he explained if there were indeed Logawa River of gold. Gold, which is situated on the river there in the sand and Logawa rocks.

But to know it has to go through such a process, which separates between the elections caused the sand and stone, having previously taken from the River. Then, use water to sifted sand will look yellowish sand.

"It's 100 percent gold, after we separate between the sand and stone will look yellowish, then we collect. After a lot of us gave the mercury. Tuh kan grain-grain yellow was once a separate direct merges, this gold, "he explained.

He added, to find gold in the river it is not easy. Grain-grain which many citizens found it was not gold but pyrite ' '.

"It's not easy finding of gold in one day alone, an average of the pendulang gold can only get about 100 mili, that if the way to look like me. For 100 mili got only Rp 22,000 rewarded, "he said.


(fay/fay)


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Victory for Former officer BNN Detachment 88

Denpasar -Officer of the National Narcotics Agency (BNN) removed a convict alleged trigger kerushan in Kerobokan, Bali. There has been no information as to where the ex-convict named Riadi Detachment 88 members of the Anti Terror was secured.

"Riadi has been taken out by the officers," said an officer of the Kerobokan was reluctant to be named told detikcom in Kerobokan, j.l. Maras, Denpasar, Saturday (25/6/2011).

Earlier, officers BNN accompanied Kalapas Siswanto deploying razia narcotics inside LP at 01: 00 PM. They also plan removed Riadi languishing in Kerobokan who was arrested in Jakarta in drug cases.

However, dozens of inmates do a resistance against the officer. They attacked the officer. In fact, the wounded Siswanto Kalapas head and hands.

Some buildings also were damaged, including the enclosing wall of blocks C and H, the cafeteria and hacked untied Stone Mosque.

The officer is still keeping tight Kerobokan. Police on guard opposite the road LP. While, policemen dressed thug still stand guard on the front page of the biggest in Bali this LP.


(gds/lh)


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Car bomb outside Afghan clinic kills at least 60 (AP)

KABUL, Afghanistan – A sport utility vehicle packed with explosives blew up outside of a clinic in eastern Afghanistan on Saturday, killing at least 60 people and leveling the 10-bed medical center, Afghan authorities said.

The massive blast in the mountainous Azra district of Logar province, some 25 miles (40 kilometers) east of Kabul, also wounded at least 120, the Afghan Health Ministry said.

Dr. Mohammad Zaref Nayebkhail, the provincial health director, said the clinic guards tried to prevent the bomber from driving into the compound. "The driver didn't stop and he entered the compound and reached the main building of the health center, where the truck detonated," Nayebkhail said.

The force of the blast caused the building housing the 10-bed clinic to collapse, trapping at least 15 people underneath the rubble. "Right now, local people are helping to dig out bodies or wounded people from the ruined buildings," he said.

Nayebkhail said the clinic had recently been expanded to meet the health needs of the far-flung district's population. An emergency response team of nurses, doctors and other provincial officials was to fly by helicopter to the area to help search for survivors in the rubble of the remote clinic, he said.

Din Mohammad Darwesh, a spokesman for the provincial governor, said 25 people were killed and more than 40 wounded in the blast. It was not possible to immediately reconcile the difference, but differing casualty figures are common immediately following such an attack.

The Taliban denied responsibility for the bombing. Zabiullah Mujahid, a spokesman for the movement, told The Associated Press in a phone interview that "this attack was not done by our fighters."

Late Friday, another blast — this one caused by a bicycle rigged with explosives — ripped through a bazaar in the Khanabad district of Kunduz province in northern Afghanistan, killing at least 10 people, including a police officer. At least 24 people were wounded in the attack, according to an Interior Ministry statement.

Also, NATO said an alliance service member was killed in an insurgent attack in eastern Afghanistan Saturday. NATO did not release any other details about the death.

The death brings to 47 the number of NATO service members killed in June and more than 200 killed this year.

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The bag contains a series of Cables found in AJI Office Hammer

Jakarta -Bag kids pink's has been around since Thursday (23/6/2011) in front of the offices of AJI, Palu, Central Sulawesi. However none of these people are menggubrisnya.

Until the next day, a child who lived in the vicinity of AJI Office and found him blow inside the bag.

"It's got who?" said Kapolres Hammer • Yoshi Garnada mimicked a child asking to people who are in the Office of AJI.

Sontak, all who were in the offices of the surprised and tumbled to the AJI outdoors because it is seen in the hands of the little boy was there a similar cable set bombs.

"It is shaped like a series of pipe bombs adapter Assembly. There is a switch on off him. There is his fan dililiti with clear duct tape. There is a cord and nails-nails like that, "he explained.

Then Chairman of AJI, Ridwan, reported this incident to the Polres hammer. Shortly the team Gegana arrived in the location. Coiled retractable cable series of objects and the nail was also taken to Polres Hammer for review.

After a review, not found the explosives in it. "As a series of bombs but materials peledaknya does not exist. Just assembled like that, "he explained.

Until now, police are still checking a number of witnesses including Chairman AJI. Not yet known who put that bag in front of the offices of AJI.

"There is nothing to see who put that stuff in there. Because it is not a package, "he said.

(gus/lh)


Follow twitter @ detikcom and join the community facebookdetikcom on

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Prices of raw materials fell on global economic concerns (AP)

Commodity prices were mostly lower Friday as investors looked for clues on whether reserves the release of emergency oil will help economic growth.

Most metals, corn, wheat and soybeans settled lower on Friday. Rose, but other energy products were mixed.

Many investors are waiting for a clearer picture of how the economy will perform over the coming months. The focus is on oil and the decision of the International Energy Agency 28-nation to release 60 million barrels of crude oil from the emergency stocks if will lower prices.

"I think this is just reflective of a new level of caution on all raw, type of entry to the edge, until we can reassess the lower oil prices are going to help to restart the economy," said Richard Feltes, vice president of research at r.j. O'Brien & associates.

There were signs this week of economic downturn in the US Federal Reserve Chairman Ben Bernanke warned that some problems, such as the weak property market, may persist into next year.

Investors also have concerns about Europe's financial problems. A plan to help Greece with its debt crisis was offset by news that Moody's Investors Service's said it could downgrade the credit ratings of some Italian banks.

In energy trading, benchmark crude for August delivery rose 14 cents to settle at $ 91.16 per barrel on the New York Mercantile Exchange.

In other Nymex contracts, heating oil dropped 3.05 cents to settle at $ 2.7689 per gallon, gasoline dropped 6.05 cents to $ 2.7159 per gallon and natural gas rose 3.6 cents per $4,229 for 1,000 cubic feet.

In contracts of metals, gold for August delivery fell $19,60 Friday to settle at $ 1, $ 500.90 per ounce. Silver July fell 36.4 cents to settle at $ 34,638 per ounce.

July copper rose 5.95 cents to settle at $ 4.0985 a pound and July platinum fell $ 1, 677.60 $ 16.90 an ounce. Palladium in September fell to $ 11.85 $ 731.50 an ounce.

Cereals and beans were lower. September wheat dropped 8.25 cents to settle at $ 6.61 bushel. December corn dropped 14 cents to settle at $ 6.32 bushel. November soybeans fell 8 cents to $ 13.0925 a bushel.

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Data factory strengths below (Reuters)

WASHINGTON (Reuters)-new orders for manufactured goods in the United States and a gauge of business plans for spending surged in may, easing fears of a sharp slowdown in factory activity.

Durable goods orders increased 1.9 percent after dropping the 2.7 per cent in April, the Commerce Department said on Friday, with a strongly rebounding business expenditures.

An improvement across the Board in May and revisions to April figures that showed smaller declines as reported earlier, highlighted the underlying force in a sector that has fueled the economic recovery.

Economists expected durable goods orders, a leading indicator of health, production of 1.5 percent rise in May. Durable goods are items ranging from toasters to aircraft that are intended for three years or more.

The report came as a relief to investors after recent data had shown regional factory some signs of fatigue.

Supply chain disruptions after the earthquake and tsunami of March in Japan were binding and production data on Friday suggested the impact of disasters may be waning.

The durable goods report also suggested that the economy was likely to regain the momentum that year.

"This supports our view that the economic ' soft patch ' not resist significantly in the second half," said Joseph LaVorgna, Chief U.S. economist at Deutsche Bank in New York.

"Also brings us to wonder if the recent, sharp declines in production of different calibers, such as the Empire of New York and Philly Fed survey, were a reaction to negative news in the neighborhood before."

The report better than expected, helped curb the losses on Wall Street, where stocks fell on concerns about the Italian banking sector and uncertainty over the passage of a Greek austerity plan.

The price for the debt of the Government of the United States were mostly higher, while the dollar climbed against a basket of major currencies.

GROWTH REVISED HIGHER TOUCH

Despite his role as leader, production only accounts for about 11.7 percent of U.S. gross domestic product and about 9 percent of total employment.

Obama administration and business leaders would like to once again become the main production of the u.s. economy, after losing out to emerging markets, where production costs are relatively low.

President Barack Obama on Friday launched an initiative to increase the production work by the Government in cooperation with companies and Universities to invest more than 500 million dollars in advanced technologies.

The economy grew at an annual rate of 1.9 per cent in the first quarter, the Department said in another report, up from a previously estimated 1.8 percent. That marked a sharp slowdown in the rate of 3.1 per cent in the fourth quarter.

The slowdown at the beginning of the year has lingered in the second quarter. The Federal Reserve on Wednesday cut its growth forecast for the U.S. economy both this year and next, while affirming the hope that some temporary restrictions would soon raise.

More clues about the health of the manufacturing sector will arrive next week in a series of regional surveys capped by Friday on national production data by the Institute for supply management.

Weak investigations by banks in New York and Philadelphia Federal Reserve raised the risk that the ISM index of national factory activity could contract in June after 22 months of expansion. Economists, however, are looking for a slowdown in activity, not a decline.

TRANSPORT ORDERS

Durable goods orders in May were a buoyed by 5.8 percent to bounce back in transport equipment, with the orders of a motor vehicle after immersion in 0.6 percent rise 5.3 percent in the previous month.

That suggested some improvements in the production of cars, which was hit by a shortage of parts from Japan.

Excluding transportation, durable goods orders rose 0.6 percent after falling a 0.4 per cent in April.

External transportation, orders for primary metals, machinery, equipment, electrical equipment and apparatus and computer and electronic products all rose.

Orders for non-defense capital goods excluding aircraft, a proxy for business spending closely guarded, rebounded to increase 1.6% last month, after the fall of a 0.8 per cent in April. Economists had expected an increase of 1.0 percent.

"Business continues to spend on new equipment, the only mystery is why you are adding to staff to run the machines that are buying," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.

Shipments of capital goods orders excluding aircraft self-defense, that go into calculating the product of GDP, increased 1.4 percent after falling 1.5 percent in April.

(Edited by Neil Stempleman)

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Earnings schedule for the week of 6/27/11 (AP)

Monday, June 27

Nike Inc. reports quarterly financial results.

TUESDAY, June 28

Any important announcements.

WEDNESDAY, June 29

General Mills Inc. reports quarterly financial results.

House KB quarterly financial results reports.

THURSDAY, June 30

Any important announcements.

FRIDAY, 1 July

Any important announcements.

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Drivers to take a break, as gasoline prices fall (AP)

NEW YORK – a trip summer might not be a bad idea after all.

Gasoline prices are falling fast. In the past 7 weeks, the average retail price of U.S. fell 38 cents to $3,60 per gallon. By mid-July is expected to drop another 25 cents.

When prices approached $ 4 in early may, the pilots are worried that $ 5 gasoline was a possibility this summer. But since then, oil prices have collapsed, the result of slow economic growth in developed countries, weaker demand for oil and gas, and this week's decision by United States and other countries to release 60 million barrels of oil from strategic reserves. Economists say the fall in prices will benefit consumers by leaving the money in their wallets and making them feel more free to spend on travel, shopping and restaurants.

Ron Meyers, 51, a handyman from Little Rock, Ark., was doubtful that he could afford the drive to visit family in Pennsylvania. Now, thanks to cheaper gas, the journey is over. And intend seeing some more summer movies, too.

"You can go out and have fun and have left in your pocket a little bit of money," he said.

Economists say that while, for example, a drop of 25 cents per gallon a typical driver save just $ 12.50 per month, has a huge effect on the economy as a whole is on the psychology of consumers.

Naveen Agarwal, which helps small businesses and manufacturers manage fuel costs as CEO of Pricelock, Redwood City, California, said he expects drivers will travel farther distances this summer as originally planned. And you pass as they go.

"Will be a bit more liberal about their consumption instead of having just a barbecue in their backyard," said Agarwal.

Instead of thinking of ways to slice, Dykstra family of Orange City, Iowa, will now be able to spend a little more for meals and souvenirs when visiting Chicago.

"We actually budgeted for 5 dollars a gallon," Mark Dykstra, 46, a supermarket assistant manager who will be traveling with her three teenage children, said earlier this week.

For the first five months of the year, gasoline prices went in one direction: up. Growth of economies, especially in Asia, burned more gasoline, diesel and jet fuel. Turmoil in the Middle East and North Africa oil prevented from reaching the market and traders bid oil scared at higher prices.

Oil peaked at $ 114 per barrel in April. It is now up to $ 91 per barrel after a decline of 2 percent this week.

Energy economists and investment bankers cautiously to Wall Street that oil could rise above $ 100 once again next year, particularly if the oil producers are struggling to meet the growing global demand. Hurricanes in the Gulf of Mexico or further unrest in the Middle East could also raise prices.

Agarwal, predicted that gasoline prices will return to a range of $ 3.50 to $ 3.75 per gallon by the end of the year. Goldman Sachs and other investment banks predict oil will rebound next year at levels that would have pushed gasoline above $ 4 for the first time since 2008.

"If you're wondering if the gasoline could be $ 3.50 or higher to always, the answer is Yes," said the oil analyst Andrew Lipow. "People will have to make some changes."

Adzi Vokhiwa, 22, of Acworth, GA, is raised by the fall in prices, but skeptical. "No matter almost because I know (prices) are going to come back again," he said.

She commutes 60 miles a day from his home in Acworth, GA, to his work in downtown Atlanta. Twice a week she puts $ 40 of petrol in his Kia Soul and asked his boss to change his schedule so you can carpool with a couple of days a week.

High gasoline prices have made it tougher for Vokhiwa save for graduate school. But for now, at least, she says that she will have a little more money to put towards that goal.

Randy Herring, 46, of Montpelier, VT had been borrowing Subaru Legacy of wife instead of driving his Chevy Tahoe SUV and he had contemplated pulling off her bicycle. Now he is adopting a strategy to capitalize on the fall in prices. He started to give the ' Tahoe the equivalent of a shot of gasoline every now and then so he missed the next save.

"Everything I need for the week, and that's all," said herring.

___

Associated Press writers Michael Rubinkam in Allentown, Penn. and Barbara Rodriguez in Chicago contributed to this story.

___

Chris Kahn twitter.com can be reached at/ChrisKahnAP. Jonathan Fahey twitter.com can be reached at/JonathanFahey

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It's time for check-ups of your business midyear (AP)

NEW YORK – it's time to give your small business a check-up. The midpoint of the year is the perfect time to look at the company and see what works and what is not and to make some strategic and financial planning not only for the second half, but for next year too.

The first thing to do is to make an appointment with your accountant or financial advisor — and make sure that your books are in order before your meeting. If you have a provider of human resources, now is also a good time for a get-together to overcome any problems that you have employee.

And take a step back and watch your business global. See if you and your staff need to work more productively.

Some items to your list of things to do:

WHY YOUR COMPANY NEEDS A FINANCIAL CHECKUP

Irregular state of the economy means that many small business owners are not safe to take any big steps during the rest of the year. For example, the purchase of new equipment or hire new employees. When you meet with your accountant, you can get a better sense of what are the options. They keep pace with changes in tax law and also have an idea of what changes can happen in the future.

What you hear probably from a financial advisor is that it is necessary to base your business decisions not only the next few months, but also next year. Some of the questions that you must consider:

_ Do you expect to make money this year? And next year, do you think will make more money then? It is better to take a deduction for large purchases in this fiscal year, or wait until the next?

_ Would spend money now to help your business grow? Or is too uncertain to let you know the economy?

_ If you're considering the purchase of equipment or moving to a different location, you would get a better deal if you've done that now?

Many owners may want to make decisions based on how much money you could save on tax. But that needs to be a factor in everything that we consider.

EMPLOYEE ISSUES

Summer is the big holiday period for most companies. And that can raise a series of employment policy issues.

Employers who have never bothered to create a vacation suddenly find the things you do a little bit chaotic — say, because two staff members have plane tickets and hotel reservations for the same week. Or one or more staff members have child care problems or softball games kids who want to participate.

The first step you must take is to find a way to resolve conflicts and get the job done. Can other staff members pitch in? You can hire a temporary worker?

Your priority is the creation of a holiday that allows staff to know how many people can be disabled at once, and what are the procedures for requesting vacation. Will be first come, first-served basis or seniority?

For that Member of staff who often asks him to leave early, you must decide how much time away from work is OK. And staff members need to figure out how to get their work done when they take some extra time.

It's a good idea to meet with an HR consultant who can help you with employee issues. And probably help head off future problems.

HOW IS RUNNING THE BUSINESS?

Moreover, financial and employee issues, you should think about other aspects of your business. The computer works fine, or need maintenance? If you have a production activity, is your equipment in good condition?

How about the mode of operation of your business — are your efficient procedures? The workers are so overwhelmed that they can't get anything done right? You are making the most of online technologies that can save time and money?

And take a look around your local and see if they need some restructuring or even cleaning. Is your work environment help or hurt your business? A nice place, not only for employees, but also for your customers?

Looking at all these problems now can help you do better than the second half of 2011.

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Google investors fear the long battle against the Feds (Reuters)

WASHINGTON/SAN FRANCISCO (Reuters)-Larry Page should put in a call to Bill Gates.

Founder of Microsoft Corp. 's famous may know better than anyone else what Google Inc. Chief Executive would face if he engages in a long legal battle against the U.S. antitrust regulators.

Google said on Friday that the Federal Trade Commission opened a formal investigation of its business, raising concerns among investors about a long, distracting and potential lawsuits.

Microsoft suffered that fate in its two-decade struggle with the u.s. Department of Justice and State attorneys under costs abused its monopoly on operating systems to crush competition in other areas.

After a high-profile process, Microsoft finally resolved the issue in 2002, and only last month emerged from Government oversight.

"Bill Gates felt like he was punished for being successful, and he never really recovered from the antitrust process," said Michael Cusumano, Professor at MIT Sloan School of Management, who was involved in the process. "Microsoft has suffered accordingly. Not aggressive. Definitely lost their edge. "

If Google Page will handle the review of its business more dispassionately than Gates remains to be seen. The son of 38 years of academics is known for a stubborn streak, championing the ambitious technology and products whose financial payoff in the short term are not always clear.

Page, along with Executive Chairman Eric Schmidt, have resisted calls to testify before the hearing Committee's antitrust Subcommittee on Senate judicial competition in Internet search.

Some are worried that the Google desire to stand firm against the intrusion of Government-like in its protests against censorship of search results in China-will bring the company in a long battle that eventually will do more damage than a quick fix.

"The amount of time involved is almost beyond calculation," says Bob Lande, a veteran of the FTC who now teaches at the school of law University of Baltimore.

The weight of these legal battles and investigations uncertain, you might say about the company in time. Google's actions are already under pressure as investors worry about the growing competition that faces from Facebook and others.

Shares of Google has started the year a touch over $ 600. The shares ended down 1.11% to $ 474.88 on the Nasdaq.

"The more that the spectre of an investigation hangs over any major head of the company, plus has a negative impact on everything from his ability to do business in its reserve price," said Melissa Maxman, co-Chair of the Department's antitrust law firm Cozen O'Connor.

JUST THE BEGINNING

The company said on Friday that works with the U.S. Federal Trade Commission in a review of its business practices, but made it clear that I did not think he had done something wrong.

"It is still unclear exactly what the FTC's concerns, but we are clear about where we are," Google executive Amit Singhal wrote on a blog post on the Google website.

The FTC is expected to address complaints by rivals of Google search results to favor the company's services. Google, which runs an estimated 69% of Web searches worldwide, can make or break a company depending on its search ranking.

The European Commission and the Attorney General in Texas launched investigations into similar issues last year, company that specializes in market research, such as specific websites to compare prices for electronics, following complaints of travel or mortgages.

"This is just the beginning. You have the EU investigating Google, you have the Feds investigating Google. State AGs have Google in the viewfinder. It is not a great position to be in, "said Colin Gillis, technology analyst at BGC partners. "You start with regulators to tamper with your core business, which is something to be concerned about."

It is not certain that the FTC's investigation will lead to legal action.

"Typically less than one out of every 10 investigations lead to the execution. This inquiry faces daunting odds, "said David Balto, a former FTC Policy Director.

"The complaints to the FTC are disgruntled by advertisers, not consumers. It is not a solid basis for an antitrust case. "

(Additional Reporting by Alexei Oreskovic San Francisco and Seattle-Bill Rigby; editing by Carol Bishopric)

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Canada, Australia back Carstens lead IMF (Reuters)

OTTAWA (Reuters)-Canada and Australia is supporting Augustin Carstens of Mexico at the head of the International Monetary Fund, said in a joint statement on Friday in an apparent attempt at the end of the traditional block of Europe on the position.

Carstens, currently Governor of the Central Bank in Mexico, is competing for the job with French Finance Minister Christine Lagarde.

"Previous experience of Augustin Carstens in IMF, combined with his background as Finance Minister of Mexico and his current position of the Mexican Central Bank Governor, equip him well to understand and resolve, on a collaborative and supportive with IMF member countries, the challenges of the global economy," said a statement from Canada and Australia, published by Ottawa.

"Consequently, after due consideration the candidates and the selection criteria, we decided to support him for the post of IMF Managing Director."

The two Governments said Carstens were both Lagarde "highly credible".

(Reporting by Louise Egan; editing by Rob Wilson)

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Bulls ready to load into a wall of worry (Reuters)

NEW YORK (Reuters)-a bounce could be in the cards for stocks next week as bulls defending the key technical level of purchasing managers and district winners to shore up their books.

But the gains coming from healthcare, staples or other defensive sectors that have outperformed the market over the past few months several only have supported the idea that the u.s. stock market needs to complete its phase correction and selling panic must occur before a more sustained comeback.

"We want to see more fear," said Ari Wald, equity strategist at Brown Brothers Harriman in New York.

But be careful what you wish.

Sources of decline recently, including slow March of Greece to a default on its debt, weak economic data from the United States and the term creeping to lift the U.S. debt ceiling, are far from being solved.

TAKING the 200 DAYS SHOWS the WAY

Despite a decline that dragged the S P 500 & as 8.2 percent under his three-year high hit in early may, the index held above its 200-day moving average-a great line in the sand as the bulls and the bears battle for control of the market.

The slide had been telegraphed for weeks and performance by-the-book market--pulling back to a level widely followed-it seems too good choreography to some analysts.

"The fact that we went to day-200 ... it just seems a little too perfect," said Marc Pado, U.S. market strategist at Cantor Fitzgerald & Co. in San Francisco.

He said the timing of the movement was favorable, as the market creates a technical basis before resuming its upward move on the back of strong gains.

"You could get an attempt of a shakeout," said Pado. "But sometimes the majority is right".

Even if they are right, do not seem too convinced. So far this quarter-on track to be the first in red for S & P 500 in the last year-daily volume on the New York Stock Exchange, NYSE Amex and Nasdaq has averaged 7.22 billion shares.

That is down to 7.94 billion shares traded daily during the first quarter, when the S P 500 earned & 5.4 percent. Commitment to the market has waned. Frantic selling, washing down of day traders seems absent so far this corrective phase.

Despite the firm above that level, the market has not removed the danger zone of dipping below its average of 200 days. The curve has a steep slope, as the S P 500 & took about two years to score a progress of 100 percent from its March 2009 lows.

The 200-day moving average now stands at 1, 263.47, less than 0.4 per cent under close to S & P 500 Friday.

"Whenever there is a resistance or support level, become weaker," said Nicholas Colas, Chief market strategist of ConvergEx Group in New York. "It's almost like a piece of metal. Every time you hit, it grows more fragile, and that's why people are really concerned about the third or fourth time. "

After three straight days of decline, S P 500 fell & 0.24% for the week and finished at 1, 268.45-its seventh decline in the last eight weeks.

The Dow industrials (.DJI 0.58%) lost for the week, closing on Friday at 11, 934.58, while the Nasdaq Composite (.IXIC) rose 1.39 per cent for the week to end at 2, 652.89.

The next two weeks, before the start of the quarterly earnings season, could be seriously affected by wild fluctuations such as those seen recently. Thursday, after a favourable market outside of Greece, S & P 500 posted his return stronger in almost a year, in the days when the benchmark fell more than 1 percent.

From its session low Thursday, S & P 500 climbed more than 20 points in closing. Dow swings covered 233.79 points from its intraday low to high session on Thursday.

But buying interest waned Friday. In addition to doubts about the passage in Parliament of Athens of higher taxes and cuts, weak Italian banks are also scare off investors.

The Federal Reserve on Wednesday gave a bleak Outlook on the economy, lowering its GDP growth forecasts for 2011 and 2012. And the Fed Chairman Ben Bernanke found difficult to explain the sources of a so-called economic "soft patch" that seems to have become pervasive.

SUMMER STORM DATA

Beyond the numbers weekly jobless claims, housing and production data will be more attention next week.

The index of prices of houses S & P Case-Shiller April Tuesday, and the National Association of Realtors pending home sales for may on Wednesday could confirm the double dip of the real estate market.

Factory activity grew in May to its slowest pace since September 2009, according to the Institute for Supply Management, and ISM numbers Friday for June is expected to drop to 51.9, indicating an even slower growth rate.

New applications for unemployment are expected to land Thursday over 400,000 for a week 12 straight, according to economists surveyed by Reuters.

Personal income and consumption, out Monday, are expected to tick higher in the month of May. Consumer confidence, out Tuesday by the Conference Board, is forecast at a June reading of 60.5, just a touch lower 60.8 may, showed a survey by Reuters. Despite a recent string of weak data in the month of may, a sharp drop in crude oil prices Buoy consumer confidence.

(Reporting by Rodrigo Campos; Further notification from Edward Krudy; Editing by Jan Pasquale)

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Small business: the road not taken MBA (BusinessWeek)

For many students and their schools, MBA stands for Master of Business Administration during the program and then to McKinsey, Bain and Accenture, once you start looking for work. Much is made of return on investment, when the subject of MBAs generates what appears to be an indisputable truth that these programs naturally lead to positions with large, public companies.

In this context, a programme of MBA students toward small channels or medium-sized enterprises (SMEs) will probably be seen as unsuccessful or lack of ambition. The same view could be taken by students who choose to take the path of SMEs.

Smaller companies are rarely familiar species name employers usually linked MBAs and are likely to evolve in areas where managers have to get their hands dirty. However, there is a case to be made for SMEs the best possible fit for an MBA to be graduated.

A classic, high quality MBA program is a curriculum designed by the Directorate-General for equipparticipants with all the skills required to manage a business. While the structure rests on specific topics such as finance, strategy and leadership, the overall logic is to merge these blocks of knowledge together. In the vast majority of cases, MBA students shy away from too much specialization, preferring instead to focus on a well-rounded education.

Limited >

Despite the high-profile courtship, MBA recruiters multinational programmes, their emphasis on preparing graduates for jobs in high-level management was not always resonate with larger employers. A large company can offer a wide range of articles, these are often limited to specific functions that are particularly suitable for MBA graduates. In this way, alumni become directors of marketing, purchases or perhaps human resources. Just within a multinational company will begin their careers post-MBA in general management.

The same is not true, within SMEs, where sizealone makes a comprehensive high-level position. That is, not to say that alumni MBA cannot operate in specific roles of the classical Department, but that SMEs provide opportunity to put all these skills and more together in a management role.

In the Western world, in particular, rarely management jobs are created at the well-known companies that MBAs would like to work. Schools and students of today must recognize that it is small businesses that are trying to find the right people to help make them able to compete in a world of ever-more-international business. It is no longer the case that only employers with a massive international presence can offer truly international careers. SMEs are increasingly looking to expand beyond their borders and do not always have management teams to make such a change. This is where MBA programs could respond to a need and at the same time help alumni find very satisfying career at companies you might not ever have looked atin past.

If there is a degree of misunderstanding among providers of MBA graduates and students with regard to SMEs, there is also a general misunderstanding of MBAs by SMEs themselves. Smaller companies that seem ideal for the General management MBAs coming out of the business schools also play a role in maintaining often-subconscious notion that no holder of an MBA would like to work in nothing less than a huge group viva. As regards the recruitment of MBA alumni, there seems to be a big dose of self-censorship at work.

Culture >

It seems that for many SMEs, a graduate MBA might be more trouble than he or she may be worth. The image is likely to be one of a handsomely paid with sacks of self-confidence and extremely high standards. A mix of that would be seen as an explosive one by most of the smaller companies. They seem to feel that the cultural shock and cost involved in recruitment of someone with an MBA wouldcreate a series of problems.

Salary, is also an aspect that could easily scare off the PMI. In terms of cost, there is no denying that an MBA quoted a CV means higher wage expectations. This must be weighed against the far-reaching leadership and strategic advantages that a manager can add to a company more compact. The extra value that can be carried by a graduate MBA is potentially huge.

A manager with a background MBA can offer the kind of long-term vision more common among larger groups allied with the latest knowledge management-vision that smaller firms lack the time or resources to implement. As the globalization of markets, manpower and production puts SMEs increasingly compete with larger companies and those who are active in the markets, this type of approach to 360 degrees can make a difference. In short, the rules of competition for SMEs are always much like those for larger companies. Need to play with the same rules. Here, MBAgraduates can be.

For business schools and their students, recruiters largest will always be a key target. The prestige and the confidence of an increasing sense in terms of career, marketing program, and in some cases, the ranking. Could, however, be the case that some old world must evolve. Can have time for SMEs and MBAs to recognize that could be made for each other.

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Home Retail Group acquires Habitat UK (AFP)

London (AFP)-Home Retail Group in Britain on Friday said it had bought the brand Habitat UK and three of his London furniture stores for £ 24.5 million from private equity firm U.S. Hilco.

HRG, which owns the chain Argos and Homebase chain home improvements, has agreed to pay the equivalent of 39 million or 27.5 million after the exclusive Habitat chain was placed in administration in order to save it from bankruptcy.

"Home Retail Group (HRG) today announces that it has agreed to acquire certain rights to the brand Habitat, one of the main contemporary House United Kingdom dealers," it said in a statement.

"Rights are for the exclusive use of the mark, his designs of the brand and intellectual property in the United Kingdom and Republic of Ireland.

"In addition, Home Retail Group is also acquiring the site Habitat UK, three of its stores in London and some helper functions."

At the same time, Habitat UK has applied to go into administration-the process by which a troubled company invites independent financial aid in an attempt to restructure the business and remain operational.

The announcement threatens the chain 30 other shops in Britain and about 900 jobs.

Separately, Hilco said it was in "Advanced" talks over the sale of the business Habitat outside of Britain.

The profitable European Division includes 27 stores in France, five in Germany and six in Spain, with franchise agreements in Belgium and Luxembourg.

Habitat established by designer Terence Conran in 1964, represented image young and fashionable of London in the 1960s with a range of pastel colours and products based on his designs.

"The credentials of style led brand Habitat, with its strong, will be a significant addition to the Group's portfolio of brands", HRG CEO Terry Duddy said on Friday.

"In addition to operating the three stores in London and the UK Web site, we will introduce products Habitat throughout the group, including a number of concessions Homebase stores."

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Wall Street sinks misery of debt (Reuters)

NEW YORK (Reuters)-Wall Street fell for a third day Friday on concerns about the Italian banking sector and Greece's debt crisis, but the S P 500 & managed to keep its 200-day moving average to a still sign buyers see the value.

The Dow industrials and S & P 500 fell for their seventh week in the quarterfinals. The benchmark S & P 500 is down 7 percent from its closing high 2011 at the end of April.

Investors are fearful that the Government of Greece may fail to pass an austerity plan, the next week, which could force a default on its debts. The Government faces an electorate that vehemently opposed the austerity measures.

"They (politicians) cannot believe that financial markets are sensitive to their decisions as they really are, and there is a concern that somewhere along the line, some politicians vote goes against the market," said Nicholas Colas, Chief market strategist of ConvergEx Group in New York.

S & P 500 remained within the distance of its 200-day moving average-a line that was tested twice in business recently and so far has acted as a springboard for stocks. The level was 1, 263.47.

"Whenever there is a resistance or support level, become weaker," said Colas. "It's almost like a piece of metal. Every time you hit, it grows more fragile, and that's why people are really concerned about the third or fourth time. "

Problems of the eurozone appeared to intensify as the actions of the Italian UniCredit SpA Bank (CRDI.MI) and Intesa Sanpaolo (ISP.MI) clearly fell on concerns over their financial positions. Trading of their shares was briefly suspended.

The CBOE volatility index (.VIX or VIX), Wall Street barometer of investor anxiety, 9.4 per cent rose to 21.10. Some analysts say fear must rise further before the market reached a bottom.

The Dow Jones industrial average (.DJI) fell to 115.42 points, or 0.96%, up to 11, 934.58 at the end. the & 500 Index (Standard Poors.SPX) cadde 15.05 points or 1.17%, up to 1, 268.45. The Nasdaq Composite Index (.33.86 IXIC) lost 1.26% points or up to 2, 652.89.

For the week, the Dow fell 0.58% and the S P 500 & shed 0.24 per cent, while the Nasdaq gained 1.39 percent.

Bank stocks fell on concerns about the Economic Outlook. The KBW Bank index (.BKX) lost 1 percent and the S & P financial index (sector.GSPF) shed 0.7 percent. The sector was the worst performance this year, about 8 percent fall.

On Thursday, the market welcomed Greece's agreement to an austerity plan for five years.

The euro fell against the dollar for a third straight session on concerns the Parliament of Greece cannot pass austerity measures necessary for the country secure more funding.

In more recent economic data, new orders for durable manufactured goods the United States, known as durable goods, increased 1.9 percent in may after fall 2.7 percent in April as reservations for transportation of equipment rebounded strongly.

Oracle Corp. (ORCL.O) was down 4.1 percent percent to $ 31.14 (.NDX) one day after the software maker in the world no. 3 published disappointing results, especially in hardware sales. Oracle results widespread concerns about a slowdown in technology spending.

Micron Technology Inc. (MU) Or fallen 14.5 percent to $7,21 after the chipmaker memory registered results below expectations, late Thursday.

About 9.26 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq-well above the average so far this year of about 7.57 billion. Analysts said that the volume on Friday was much above average, due in part to the rebalancing of the Russell 2000 index (.TOY).

Declining stocks outnumbered advancing ones on the New York Stock Exchange in a ratio of 11 to 19. On the Nasdaq, three stocks fell for every two that rose.

(Reporting by Edward Krudy; Editing by Jan Pasquale)

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NYSE, d. Boerse to pay dividends, the end investor suits (Reuters)

NEW YORK (Reuters)-NYSE Euronext (NYX.N) and Deutsche Boerse AG (DB1Gn.DE) has agreed to pay about $ 900 million of dividends to resolve the causes of challenging them about U.S. shareholder 10 billion dollar merger to create the largest exchange operator in the world.

According to an agreement filed on 17 June with the Delaware Chancery Court, companies would pay shareholders 2 euros (US $ 2.85) for exceptional action of holding combined after the completion of the planned merger.

The agreement requires the approval of the Court, and would end shareholder lawsuits in New York and Delaware State courts. Reflects essentially the special dividend that the company announced on 7 June, and that would be paid once a merger closes.

Shareholders had sued by NYSE Euronext shortly after that company announced its planned sale to his German counterpart in February. They complained that the purchase price was too low, and that the company should have courted the other tenderers.

Under the agreement, denied wrongdoing, Exchange and shareholders settled to avoid constant delays and uncertainties of litigation.

The company should operate in the United States and Europe. Shareholders of Deutsche Boerse would own about 60 percent.

NYSE Euronext shareholders are scheduled to vote on the merger on July 7. Deutsche Boerse shareholders have until 13 July to tender their shares. A closure is scheduled by the end of the year.

The cases are In re: NYSE Euronext shareholders litigation, Delaware Chancery Court, no. CA6220; and In re: NYSE Euronext shareholder litigation, New York State Supreme Court, New York County, n. 773000/2011.

(1 euro = $ 1,427)

(Reporting by Jonathan Spicer and Jonathan Stempel, editing by Bernard Orr)

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Southern Union increases offer (Investor's Business Daily)

The natural gas pipeline operator rose above a takeover bid of $ 39-per-Share by Williams (NYSEWMB :- News) disclosed after the markets closed Thu., suggesting investors expect higher rival offer. Williams ' offer topped by transfer of energy (NYSEETE :- News) 33-per-Share offer, helping to raise the Union's southern (NYSESUG :- News) actions as tall as 41.68 before settled the 16.7% at 39.85. As natural gas prices have fallen, pipeline operators are looking to increase their capacity for the carriage of gases. Williams fell 2.3% 28.55. Transfer of energy decreased 5.5% at 43.06.

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Madoff trustee triples JPMorgan suit 19 billion (Reuters)

NEW YORK (Reuters) – the trustee seeking money for the victims of Bernard Madoff is now demanding 19 billion dollars in damages from JPMorgan Chase & Co, tripling over what he hopes to recover from what had been the main Bank for the Ponzi Schemer now-imprisoned.

The amended complaint by the trustee Irving Picard adds new taxes and was filed three days after the second-largest u.s. Bank has agreed to pay $ 153.6 million to settle u.s. Securities and Exchange Commission fraud charges.

Picard claimed that JPMorgan was "completely complicit" Madoff fraud and ignored red flags. In his original complaint, made public in February, he had tried to 6.4 billion, including $ 5.4 billion in damages and $ 1 billion for loans and fraudulent transfers.

"JPMorgan Chase has chosen to enable the Madoff fraud, not only through the various ways that participated in its activities, but helping to cover theft naked Madoff with the imprimatur of a financial institution recognized worldwide," said the 155-page report.

The demand for higher damages reflects "damage life-to-date", or what the trustee considers minimum losses over the entirety of the Madoff Ponzi scheme.

Picard is also looking for at least 500 million dollars that JPMorgan did "out behind the victims of Madoff" and more than 400 million dollars in alleged fraudulent transfers.

Tasha Pelion, a spokesman for JPMorgan Chase, repeated in an email of previous Bank statement that the complaint is meritless lawsuit Picard and distorts the facts and the law.

"JPMorgan Chase does not know or otherwise become a party to the fraud orchestrated by Bernard Madoff," he said. "At all times fully respected, JPMorgan all laws and regulations of bank accounts."

Picard has presented approximately 1,050 lawsuits seeking more than 100 billion dollars for investors of Bernard l. Madoff Investment Securities LLC.

"BEFORE THEIR EYES"

JPMorgan amended complaint adds new accusations that another financial company around 1997 suspect transfers daily nearly 1 million dollars to 10 million dollars between Madoff account there and his account in pursuit of services.

It said the company asked employees Madoff about suspicions transfers back and forth. Having failed to be satisfied on them, have closed account Madoff said.

"Bankers of JPMorgan Chase literally watched fraud unfolding before their eyes," Deborah Renner, a lawyer representing Picard, said in a statement. Both are partners at the law firm of Baker Hostetler &.

The amended complaint also discusses a longstanding relationship with Sterling Equities of Madoff, a private banking client of JPMorgan founded by Fred Wilpon and Saul Katz, owners of the baseball team New York Mets.

Picard sued the owners of the Mets for 1 billion dollars, prompting them to enter talks to sell part of the team of hedge fund manager David Einhorn for 200 million dollars. [ID: nN26247232] The owners have denied knowing that Madoff was committing fraud.

In a regulatory filing last month, JPMorgan estimates that by 31 March, you may need to pay off as more than 4.5 billion dollars for litigation that it had put aside for this purpose. It also said more than 10,000 of the facing legal proceedings.

ESA agreement Tuesday resolved charges that JPMorgan has told investors that a hedge fund has helped shape — and then bet against-complex mortgage securities bought.

HSBC, UNICREDIT BANCA, DOCTORS ALSO SUED

Picard's case against JPMorgan is under the supervision of the United States District Judge Colleen McMahon.

It is one of three high-profile causes Madoff who were moved to the Federal District Court, where juries can hear cases, bankruptcy court, where originally cited Picard.

United States District Judge Jed disaster film is reviewing some of the problems in the case of 9 billion Picard against HSBC Holdings Plc.

Disaster film is considering even if the trustee can invoke the law of racketeering in a lawsuit of $ 58.8 billion against UniCredit SpA of Italy, Bank AG of Austria, including doctors and its founder Sonja Kohn and other defendants.

JPMorgan has until 1 August to respond to the complaint, said Picard.

Madoff, 73, was arrested on December 11, 2008, and after pleading guilty, is serving a prison sentence of 150 years.

JPMorgan shares fell 16 cents in after-hours trading, after closing session Friday, down 58 cents at $ 39.49.

The cases are Picard v. JPMorgan Chase & Co. et al., the United States Bankruptcy Court, Southern District of New York, no. 10-ap-04932; JPMorgan Chase and v. & Co. et al., U.s. District Court, Southern District of New York, no. 11-00913 Picard.

(Reporting by Jonathan Stempel in New York and Jochelle Mendonca in Bangalore; editing by Andre Grenon, Gary Hill)

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Lawmakers harden positions on taxes, charges (Reuters)

WASHINGTON (Reuters)-Republicans and Democrats, dug in their heels Friday as President Barack Obama prepared to wade into a polemical debate on taxes and spending to default on debt heading off of the US Government.

The White House has said that Obama would meet separately with democratic and Republican Senate leaders Monday in a bid to revive negotiations that collapsed when Republicans walked out Thursday to demand Democrats for tax hikes.

"The President is willing to make difficult choices, but he cannot ask the bourgeoisie, and elders to bear the entire burden to deficit reduction and sacrifice, while millionaires and billionaires ... are let off the hook," said White House spokesman Jay Carney aboard Air Force One.

Republicans on Friday ruled out any tax increases as part of an agreement to narrow stubborn budget deficits and increase the limit of U.S. debt. The Federal deficit is now $ 1.4 billion, among the highest levels compared to the economy since World War II.

Ceiling 14.3 billion U.S. debt must be increased before 2 August or the Treasury Department will run out of money to pay the Bills. Default on the debt could send markets plunging worldwide and increase the risk of another recession in the United States.

House Speaker John Boehner and fellow Republicans say any package that includes tax increases is no chance to pass the Republican-controlled House. Senate Republicans are threatening to block the measure if it includes tax increases.

"Tax hike cannot pass Congress. You might also ask us to herd unicorns through the Chamber of the Senate, "said Don Stewart, spokesman for Senate Republican leader Mitch McConnell. "Just can't happen."

Conservatives in Congress, including many Tea Party activists who are credited with winning the House for the Republicans in the election of 2010, have questioned whether there really is an urgent need to increase the debt limit. They have laid down tough prerequisites to win their votes including the passage of an amendment of the Constitution of balanced budget.

Democrats have broadened their demands in recent days to say that any package must include measures to revive the struggling economy, which could increase the deficit. Say they will not support a package that is based only on spending cuts.

"Make no mistake. We must be invoiced in any agreement, "said a senior Democratic Senator Charles Schumer.

Treasury Secretary Timothy Geithner said he was confident that Congress still could reach a budget agreement, but that would include some tax hikes.

"You have to have modest changes in revenue," Geithner said in New Hampshire. "There is no way to make a deal without it."=

ON THE TABLE

Democrats have eased back from their insistence that breaks the PERSONAL INCOME TAX rates need to rise to the richest Americans to focus instead on ending a wide range of tax on everything from corporate jets to subsidies for oil and gas.

They also proposed tax breaks that the rich, such as limiting deductions for families making more than 500,000 dollars a year for the benefit of closure.

Representative Chris Van Hollen, a Democrat who was involved in the failed talks led by Vice President Joe Biden said that Republicans had refused to move.

"What we've seen is all take and no give," he said.

A senior administration official said eliminating tax breaks and loopholes on corporate jets, energy companies and hedge funds and capping itemized deductions for the richest Americans-all the steps identified in the budget of Obama-2012 could save 400 billion dollars in 10 years.

"This is what they are throwing the measures approximately. Because somehow I think special loopholes for billionaires and millionaires, oil and gas subsidies-somehow I'm willing to go to the wall, for this, "said another senior administration official.

But he said a Republican source familiar with the talks Democrats were also pushing the repeal of "last in first out" (LIFO) accounting, which he said would cost producers billions of dollars, while capping itemized deductions would hurt hundreds of thousands of U.S. small businesses.

"They're not talking about some tax loopholes. You're talking about hundreds of billions of dollars. You can't get just going after corporate jets, "the source said.

The National Association of manufacturers estimated repealing LIFO, which allows companies to combine sales revenues against costs, inventory replacement, would raise taxes for u.s. companies to 50 billion dollars in 10 years.

Boehner said if Obama offered spending cuts that were at least the size of a debt limit increase-thought to be about 2 billion to $ 2.5 billion-and if new budgetary reforms were put in place, "he has my word that the House will act on it".

Those are requirements Republican leader Boehner and fellow Members have been expressing for months.

"We believe we can go forward, as anyone in these talks adopts an approach my way-or-the-road," said Carney.

(Editing by Peter Cooney)

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U.S. wants boss ex-mortgage to get life in prison (Reuters)

WASHINGTON (Reuters)-U.S. prosecutors have urged a court to send the former President of bankrupt Taylor, Bean & Whitaker Mortgage Corp. in prison for the rest of his life for masterminding the fraud of 2.9 billion that took the company.

Lee Farkas, 58, was sentenced in April to 14 allegations of conspiracy, bank fraud, wire and securities under the scheme, in which he used some of the proceeds to live a lavish lifestyle with a jet and a collection of vintage cars.

Prosecutors said in a court filing Thursday that the Mayor Massimo was 385 years and urged district judge Leonie Brinkema to sentence him to at least 50 years to ensure that Farkas spends the rest of his life in prison.

"The nature, duration and scope of criminal activities by Farkas guarantees maximum punishment for maximum deterrence," they said. Sentencing is scheduled for Thursday.

The fraud began in 2002 and ran until Taylor, Bean filed for bankruptcy in August 2009. The collapse of the mortgage company was a major factor that has contributed to the collapse of one of the largest U.S. regional banks, Colonial Bank.

Farkas was accused of running a regime of large led to cover large losses to Taylor, Bean moving funds between bank accounts and even selling mortgages that did not exist, were useless or had already been sold.

He also attempted to obtain a loan from 553 million dollars Bank Bailout program Federal Colonial Bank of Colonial BancGroup Inc., but money was never disbursed. The Bank was closed by regulators and most of its assets were sold to BB & T Corp.

Prosecutors have also asked Farkas be required to lose more than 42 million dollars.

Defense team of Farkas urged the judge to sentence former Executive mortgage to 15 years in prison, noting that it was almost double that of the longest sentence already handed out in the case and to ignore any good, since he is essentially broken.

"The Government has constantly gone out of his way to paint Mr. Farkas as a greedy and manipulative man out for little more than personal gain," his lawyers said in its filing.

"Even a cursory review of large numbers of letters presented to this Court show that Mr. Farkas is anything but the monster afflicted by greed that the Government tries to paint him as," they said.

Lawyers argued 15 years would serve as a sufficient deterrent. Farkas has lost nearly all its assets, is subject to forfeiture of any remaining properties and faces a potentially large order of restitution, not so well should be imposed, they said.

Several other employees Taylor, bean and Colonial Bank who pleaded guilty for their role in the fraud were sentenced earlier this month. The longest sentence handed down so far was eight years of Catherine Kissick, that was the point of contact at colonial Bank of Farkas.

The case is U.S. v. Farkas, no. 10-cr-200, in u.s. District Court for the Eastern District of Virginia.

(Report by Jeremy Pelofsky, Matthew Lewis and editing by Gerald e. McCormick)

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