"Rock of Ages" lawsuit pits producer vs. producer

LOS ANGELES (TheWrap) - a would-be manufacturer of "Rock of Ages" sings a unhappy melody over allegedly is left out in the cold is fees to producer organisations.

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Some in the jury pool Clemens Congressional critic (AP)

WASHINGTON-potential jurors screened Thursday for perjury Roger Clemens were more critical of Congress wasting time investigating drugs in baseball than star pitcher were on trial for having lied to lawmakers about never using them.

The all-star 11-time watched intently but did not speak as members of the jury pool faced intense questioning from the judge and lawyers from both sides. Almost as many have been transformed into the second day as qualified to be considered for the Panel that will eventually be seated, including two who were excused after they said they were not sure they could be fair because of their feelings on Congress.

"Even members of Congress have lied to Congress and they have not been prosecuted," said one of the speakers who was sacked.

Clemens faces six felony counts on charges that he lied under oath to Congress when he testified that he never used steroids or human growth hormone. His statements came during a deposition and a hearing at the House Government Reform Committee, which took the issue after a report of Major League Baseball accused Clemens and 85 other current and former players of the use of doping substances.

Longtime trainer, Brian McNamee, Clemens testified to the Committee that has injected the winner of seven-time Cy Young Award repeatedly with both substances. Clemens and former teammate and friend Andy Pettitte said Clemens told him once that he used human growth hormone. Clemens says that Pettitte misheard him and that he lied McNamee.

The leaders of the Committee asked the Justice Department, to investigate whether Clemens committed perjury.

A potential juror said he saw the documentary "Bigger, Stronger, Faster (asterisk)" that questioned whether steroids should be illegal and suggested the investigation Clemens was a waste of resources. The man, who is the chief financial officer at an accounting firm, called the film compelling and said that he agreed that Congress should have higher priority than steroids.

Not "given all the problems the country faces, it would have been at the top of my list," said the CFO.

A woman who works as an official Federal Contracting had a similar opinion, although he has expressed reluctance to question the decisions of legislators. Attorney Steven Durham pressed her on whether she believed the investigation was a waste of taxpayer's money. Paused, smiled and acknowledged, "honestly, Yes." But he said that she could still not enough to judge the case and was told to come back as a juror.

Attorney Rusty Hardin down Clemens potential jurors about their feelings on steroids in baseball. "I never got hate mail as intense as I respect while representing him because baseball fans feel so strongly about it, '' Harden said a prospective juror who is a fan, drawing a smile from Clemens.

Jury selection moved slowly, and the United States District Judge Reggie Walton said as the afternoon wore it was clear that the screening process would not be completed Monday, as he had hoped but more likely it would take until Tuesday or Wednesday, because the process is paused on Friday. He urged lawyers to move more quickly. "Please be cautious in what you ask," said Walton.

The others were excused because they had problems with the English or medical problems, with 18 qualified by the end of the day. Thirty-six must be qualified to accept the cuts that both sides are allowed to do without explanation as they see a final panel of 12 jurors and four alternates. The process should last in August.

A woman, a former lawyer, legal writer and former fan of Washington Nationals "avid", admitted that he wants to be a juror and said she could help keep the Panel focused on legal decisions they need to do. "I feel like this is a situation where it is important to get it right," he said. Was qualified to return to the next step in the selection.

___

Follow coverage of Nedra Pickler of http://twitter.com/nedrapicklerprocess to Clemens

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Control objectives for August LAN-TAM ruling report

(SANTIAGO, July 8, Reuters) - Chile's antitrust Tribunal Isaiming a decision on the multibillion dollar merger OfChilean airline LAN and Brazilian carrier TAM in August, reaching a local newspaper reported on Friday.

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House presses forward to full Defense Bill $ 649B (AP)

WASHINGTON — the House is sending mixed signals on military action against President Barack Obama, vote to Libya prohibit arms and training to rebels trying to oust Muammar al-Gaddafi, but stop short of trying to cut off money for participation in the NATO-led mission.

In a series of votes Thursday, Republicans and Democrats expressed their dissatisfaction with the operation of Libya, now in its fourth month with no end in sight and waning support from some countries in the international coalition. The Parliament voted to bar military aid to the rebels but moments later rejected efforts to prevent the financing for the Mission of U.S. limited.

The ratings reflect the contradictory actions of the House last month, when regulators refused to approve the operation, but refused to cut off the money.

The latest voting House came on amendments to a spending bill that lawmakers hoped to finish on Friday defence 649 billion. The overall measure that cover their arms and warships, fighters and bombers, military personnel and pay 9 billion less than Obama requested but 17 billion dollars, more than current levels.

Covers the Pentagon budget as from 1 October, but must be reconciled with a Senate version yet completed.

Congressional unrest over Libya derives from a stalemated civil war and Obama's contention that he did not need Congressional authorization to engage in another war on Afghanistan and Iraq because the fight against Libya not full-fledged hostilities. War between NATO allies, Italy announced that it was reducing its holding to the campaign by removing an aircraft carrier in the region and pulling thousands of troops.

"Libya is not attacked us. Libya not attacked NATO, "Republican Tom Cole, R-Okla., said. "However much we don't detest Mr. Gadhafi and his regime, we have no reason to be at war."

The House voted for an amendment sponsored by Cole bar the Pentagon from providing "military equipment, training or consulting or other military activities" to a group, such as the rebel forces for the military action against Libya or 225-201.

Forty-eight Democrats supported the Republican-sponsored measure.

The intent of the measure was to prohibit aid to the rebels as their weapons and assistance to the Transitional National Council, including the operational planning. The broad effort would also target contractors in Libya.

Obama has already authorized 25 million dollars in assistance to the rebels, including thousands of meals ready to eat rations from stocks of the Pentagon. The United States has also provided some 53 million dollars in humanitarian aid. Neither would be affected by the law.

Moments after that vote Thursday, the House rejected a measure that would have prohibited funding for the army continue its limited role. The vote was 229-199, with 67 Democrats breaking with the Administration to support the amendment.

"This is our moment to claim the Constitution of the United States," said Rep. Dennis Kucinich, D-Ohio, who co-sponsored the amendment with freshman Rep Justin Amash, R-Mich. "we have the power to determine when to go to war, not some power rebel in Benghazi."

Lawmakers argue that Obama violated the war powers resolution of 1973, which requires a President to seek Congressional approval within 60 days of the first military strikes, a move that has not made the Commander in Chief.

In a reflection of Congressional anger toward the Administration, the House has voted overwhelmingly for an amendment that forbids spending that violates the war powers resolution and focuses on future military operations.

The House rejected two other efforts to prohibit funds for the functioning of the United States military in Libya.

Senator John McCain, the top Republican on the Senate Armed Services Committee, criticized the House vote on aid to the rebels, claiming that sends the wrong message to Gaddafi and those challenging the longtime leader.

"I am saddened by the abandonment of traditional American support for those who struggle for freedom and democracy, which was a feature of our Republican party for decades," said the Arizona Republican, who travelled to Benghazi in April to meet with the rebels.

Since NATO took command of the operation Libya at the beginning of April, the U.S. has been largely limited to support efforts such as intelligence, surveillance and electronic warfare. The United States launched attacks drone and other strikes, flying sorties over 3,400.

The Senate has delayed consideration of a resolution authorizing the U.S. Mission in Libya.

In the midst of negotiations to cut spending and increase the nation's debt limit, the House rejected several amendments to cut the budget of the Pentagon, including a measure by Rep. Barney Frank, D-mass., half of the spending bill on level this year on defense.

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Authors combine for film "No. rest for the dead"

LONDON (Reuters) - editor of a publication first, 26 so-called authors with combined sales of tens of millions of books have teamed up to write a single thriller called "No Rest For the Dead."

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Talks: change in inflation could cut the social security (AP)

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WASHINGTON – Once considered untouchable Social Security is now in play in the debt-ceiling negotiations. And that could mean higher income taxes for many U.S. families in addition to shaved benefits for tens of millions of retirees as they age.

Social Security became part of the private discussions between President Barack Obama and Republican House Speaker John Boehner on coming up with "something big" to reduce deficits by $ 2 trillion to $ 4 trillion over the next decade. One option includes a new inflation measure for Social Security that could produce savings close to $ 200 billion through a combination of reduced benefits and higher taxes, White House officials said Thursday.

Low-and middle-income families could be hit.

The proposal would represent a reversal for Obama. In contrast to his pledge to target tax increases at the wealthy, high-income families would largely be spared from tax increases that would result from changing the way inflation is measured. And until now, the administration has been adamant that Social Security does not add to the deficit and should not be a part of deficit reduction talks.

Adopting a new inflation measure would allow policymakers to gradually cut benefits and increase taxes in a way that might not be readily apparent to most Americans. The inflation measure under consideration is called the Chained Consumer Price Index. On average, the measure shows a lower level of inflation than the more widely used CPI.

A Chained CPI assumes that as prices increase, consumers buy lower cost alternatives, reducing the amount of inflation they experience. For example, if the price of beef increases while the price of pork does not, people will buy more pork. Or, as opponents mockingly argue, if the price of home heating oil goes up, people will turn down their heat and wear more sweaters

There's no indication at this point whether Obama and congressional Democrats and Republicans — — will agree on the change. And, if they do, how it might be applied broadly. Another private meeting at the White House is set for Sunday.

The measure, if adopted across the government, would have a wide-ranging effect on taxes and government benefits, and those changes would grow over time. The change would mean smaller annual increases in Social Security payments, government pensions and the veterans ' benefits. Current payments would not be affected, but recipients would get smaller increases in the future.

Overall, the proposal would cut Social Security benefits by $ 112 billion over the next decade, according to the nonpartisan Congressional Budget Office. It would cut government pensions and the veterans ' benefits by $ 24 billion over the same time period if adopted for them as well.

Reaction from the president's own party was swift Tuesday, raising questions about whether Obama can keep Democrats on board if he agrees to cuts in Social Security. House Democratic leader Nancy Pelosi said her caucus won't support any package that includes Social Security cuts.

"Do not consider Social Security to piggy bank for giving tax cuts to the wealthiest people in our country," Pelosi said. "We are not going to balance the budget on the backs of America's seniors."

AARP, the powerful lobby for seniors, "will not accept any cuts to Social Security as part of a deal to pay the nation's bills," said CEO a. Barry Rand.

The White House has been negotiating with congressional leaders over ways to reduce the government's huge budget deficit as part of a deal to extend the nation's ability to borrow. The government has already hit its $ 14.3 billion borrowing limit, and is in danger of defaulting on its obligations if the limit is not increased by Aug. 2.

White House spokesman Jay Carney said, "The president has always said that while Social Security is not a major driver of the deficit, we do need to strengthen the program."

His statement did not directly address the possibility of reducing annual Social Security increases by changing the inflation adjustments.

"The chained CPI is nothing more than a backdoor benefits cut Washington hopes Americans won't notice or understand," said Max Richtman, acting CEO if the National Committee to Preserve Social Security and Medicare.

In most years, increased Social Security payments are based on a measure of inflation called the Consumer Price Index for Urban Wage Earners and Clerical Workers. If Social Security adopted the new measure, annual increases would be 0.3 percentage points smaller, according to the program's actuaries.

That could be a tough hit for seniors who have gone two years without a cost-of-living adjustment and are projected to get such a small one next year that it will probably be wiped out by higher Medicare Part B premiums for most recipients.

As the possible cuts are phased in, a typical 65-year-old who started receiving Social Security benefits at age 62 would get an annual reduction of about $ 130, according to an analysis of data produced by the Social Security actuaries. By the time that retiree reached 75, the annual cut would be $560. At 85, the cut would be $984 a year.

Average Social Security benefits are about $1,100 a month, or about $13,000 a year.

"Social Security has contributed nothing to these deficits and to me has no basis for being a part of these deficits talks," said Rep. Xavier Becerra of California, the top Democrat on the House Social Security subcommittee.

If applied more broadly to the tax code, the new inflation measure could hit taxpayers at every income level, raising about $ 60 billion over the next decade for the government, according to the nonpartisan Joint Committee on Taxation. It would limit increases in the standard deduction and personal exemption that most taxpayers claim. Income thresholds for the child credit and the Earned Income Tax Credit could be affected, and contributions to Individual Retirement Accounts could be limited.

The U.S. has a progressive income tax system that taxes higher incomes at higher rates. For example, a married couple making $ 50,000 in taxable income pays a 10 percent tax on the first $17,000 and a 15 percent tax on the rest.

Those thresholds, or brackets, are adjusted each year to ensure that people don't get a tax increase just because their incomes increase with inflation. Adopting the Chained CPI would mean smaller adjustments to the brackets, leading to higher taxes for people at just about every income level.

Low-wage workers would eventually see the biggest increases, while high-income taxpayers would see only small changes. That's because the wealthiest taxpayers already pay taxes at the highest marginal rate, currently 35 percent.

For example, by 2021, taxpayers making between $ 10,000 and $ 20,000 would see a 14.5 percent increase in their income taxes with a Chained CPI, according to an analysis by the Joint Committee on Taxation. Taxpayers making more than $ 500,000 would get a tax increase of 0.3 percent, while those making more than $ 1 million would get a tax increase of 0.1 percent.

"To change to a chained CPI would place new burdens mainly on the backs of seniors, middle-income and low-income Americans," said Rep. Sander Levin, D-Mich., ranking Democrat on the House Ways and Means Committee.

___

Associated Press writer Alan Fram contributed to this report.

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A look at economic developments around the globe (AP)

A look at economic developments and activities in the world's major stock markets Wednesday:

___

Beijing-China raised a key interest rate for the third time this year as it tries to cool soaring inflation. The recent slowdown in some Chinese industries has prompted fears of more interest rate hikes could trigger a sharp fall. But many analysts say the Government should be able to avoid that.

___

Lisbon, Portugal — in depth difficult financial situation of Portugal, with rates of loans to jump higher and stocks slump after its bonds were downgraded to junk status. Spain and Italy have been dragged into recession, adding new momentum to the sovereign debt crisis in Europe.

Moody's rating agency downgraded the debt of the four divisions on Portugal Tuesday, and said that the country probably will follow Greece into needing a second rescue package.

Portugal took a bailout of billions (112 billion dollars) euro78 by its European partners and the International Monetary Fund earlier this year after nervous investors began charging unsustainable steep returns on loans. The Lisbon stock market fell 2.7 percent. Bank shares took the brunt of sell-offs.

Madrid's main stock index fell 1.2 percent and the bond yields rose. Spain, a country much larger, up to now has managed to dodge the fallout from the continent's fiscal woes.

The jitters were felt in Italy, where stocks dropped 2.4 percent on concerns that spending cuts might not be enough to bring down the debt.

The FTSE 100 index of leading British shares closed down 0.4%, Germany DAX fell 0.1 percent and the CAC-40 in France was 0.4 per cent lower.

___

WASHINGTON-the new head of the International Monetary Fund pledged to diversify the global organization of the loan and make it more open for developing countries.

Christine Lagarde is the first woman to lead the IMF. She takes after a sex scandal brought his predecessor, Dominique Strauss-Kahn, to resign.

___

TOKYO Stocks were up — in Asia. 1.1 percent index Nikkei 225 climbed of Japan and South Korea's Kospi rose 0.4 percent. Hong Kong the Hang Seng Index fell 1 percent. The actions the Chinese mainland fell 0.2 percent. They closed the first Bank of the people made his announcement of the interest rate.

___

Paris — the major banks in the euro area has met with hash out ways to help any new financial rescue package for Greece, as problems in Portugal revived concerns over the financial health of Europe and hit the stock markets in Spain and Italy.

The meeting of top executives from European banks in Paris ended with no public announcement of a deal, but plans for further discussions in the weeks to come.

___

Athens — Hitting taxi driver blocked rush hour traffic to protest the Government's market reforms, as Prime Minister George Papandreou promised to see changes and take unpopular through a harder line against violent demonstrations.

___

Berlin — German industrial Orders rose for a second month of may on the back of healthy orders home.

___

Milan-Italy's Finance Minister said that the most "revolutionary" budget euro47 billion (68 billion dollars) three years of austerity are spending cuts in the country's notoriously heavy bureaucracy.

___

SEOUL, South Korea — inflation, rising household debt and problems in the banking sector are a weight on the rapid economic recovery of South Korea by the global financial crisis, the new Finance Minister in the country said.

___

London — The European Central Bank should increase interest rates on Thursday and to indicate that further increases were likely, as it tries to dampen down high inflation, despite the debt problems faced by smaller European countries.

Higher rates may be needed for Germany, where prices are rising fast. But they are likely to add to the growing concerns of some of the most indebted countries in the eurozone, such as Greece and Portugal.

___

Berlin — Germany's Cabinet cleared the way for tax cuts in 2013, while approving a budget for next year in which spending remained more or less unchanged, with a significant reduction in new borrowing.

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MANILA, Philippines-the World Bank says the Philippines economic prospects remain favourable in 2011, with private consumption, investment, services and exports should post earnings.

___

SYDNEY-Australia resumes its 350 million dollars a year of live cattle trade with Indonesia following a temporary ban on concerns that the animals were treated with cruelty, as were slaughtered.

___

Mexico City — u.s. and Mexican Officials signed an agreement allowing each country's trucks to cross the main roads of other, implement a key provision of the 1994 North American Free Trade Agreement, after nearly two decades of bickering.

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22 WNI di Cina Terancam Hukuman Mati

Jakarta -Force TKI inform there are 22 INDONESIAN CITIZEN in China which threatened the death penalty because of the entangled cases of drugs. Of the 22 INDONESIAN, only one man-sex.

"Earlier we had just heard from the Embassy when there were 22 INDONESIAN CITIZEN in China which threatened the death penalty. They are not the TKI, "said Force Spokesman TKI, Humprey Djemat, after task force meeting, in the Office of the TKI, Kemenkopolhukam Jl. Medan Merdeka Barat, Central Jakarta, (7/7/2011).

According to the INDONESIAN CITIZEN, Humprey utilized by Drug syndicates in China for the courier. "Apparently, they had a special relationship with a foreign man. And then they used to be a Messenger, "he explained.

Although China has strict laws against drugs, but Humphrey remained convinced that the INDONESIAN CITIZEN was able to get away from the threat of the death penalty.

"China did have harsh punishment against drugs. But arguably, if for foreign orangg not too, especially the question of the death sentence, "brightening.

Do not fear the task force is precisely instead defend the evildoers drugs abroad?

"If indeed the punishment need not be put to death, we will be appealed. But obviously we would not have interfered with the process of the law of the country, and we greatly respect the legal process, "he said.

(gah-gah)


13th anniversary, detikcom divide 13 iPad 2, as well as tens of thousands of tickets for buses and trains. In herelist.

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Babies Left in the Laundry, the police Pursue the mother

Jakarta -baby boy found in a laundry located in Bldg. No. 138 RT Pepper In 05/06 Pinangsia, Taman Sari, West Jakarta. Police are now central to pursue women who left the baby, who is allegedly the mother of the victim.

"The baby is still alive," said the head of the Investigators Tamansari, AKBP Aloysius Supriadi when contacted journalists, Thursday (7/7/2011).

The incident began when a laundry worker named Een arrival of a woman on Wednesday (6/7) at about 12.30 pm. Een the women think about to deliver clothes to be washed.

"These mothers came while carrying cardboard boxes," he said.

Een the women think about to wash clothes in the laundry. However, due to the busy, Een then asked that the women were leaving the cardboard carries. The woman then left the laundry.

"But then, not how long, a witness heard a baby crying from the sound exists in cardboard boxes," he said.

Hear the sound of crying babies, even looking for the origin of the sound is Generated. Apparently, the sound comes from the mysterious woman abandoned cardboard.

"New born Baby is expected because there is still a ari-arinya rope attached," he said.

The discovery of this baby made particularly tantrum citizens around. By residents, the discovery of the baby is then reported to Investigators Tamansari water Castle. Poor baby was then taken to the RS Tri Tunggal, j.l. Long Building No. 6 Karang.

"A number of witnesses we have sought information. While we are still pursued the perpetrators, "the lid.

(may/mok)


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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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JUNIOR HIGH SCHOOL teachers in the Country killed at Massage Parlors Sungguminasa

Makassar -A JUNIOR HIGH SCHOOL teachers in the Country, Sungguminasa Gowa, South Sulawesi, initials RU (48 years), was killed in a massage parlors, in the way of Leadership, Makassar, South Sulawesi, Thursday (7/7/2011) in the afternoon. According to eyewitnesses at the site, R U coming to massage parlors from 10: 00 Pm and look for one of the customers who called Rini masseurs.

While waiting for Rini, RU suddenly seizures and falling unconscious. The mouth of the RU is also issuing a white foam. See RU drop, massage parlors also summoned officials of officers from the Office Investigators Panakukang not far from the scene.

When law enforcement arrives, a JUNIOR HIGH SCHOOL teacher lives were enjoying a long vacation turned out to have not helped the school again. The police had brought the relics of the RU to the hospital, in the way of Bahari Mappaoddang, to diotopsi.

Kapolsek Panakukang Kompol Muhammad Nur Akbar found journalists in his Office, was a victim allegedly died from a heart attack due to an excess of the dose drug consumed victim before his death.

"In addition to the diotopsi in the corpse of RU RS Bahari, we also examined the woman named Rini who allegedly was the victim of dating couples," pungkas Akbar.

(mna/nwk)


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Analysis: Portugal poisoned by Greece in cut to the status of junk (Reuters)

Lisbon (Reuters)-a downgrade of Portugal to the status of junk underlines how the Greek crisis is poisoning by other weak countries in the euro area, regardless of their efforts to reduce their debt and return to growth.

Moody's Investors Service's on Tuesday became the first credit rating agency cut the Portugal under investment grade, causing the bond yield of 10 years of the Portuguese Government to jump more than 1 percentage point of euro-levels was.

The Agency cited concerns that administrative problems and sluggish economic growth could prevent the Portuguese Government to hit ambitious goals to shrink its budget deficit for the next three years under an international bailout 78 billion.

But Moody's also said the European Union's efforts to get private investors to bear the burden of supporting Greece, through a "voluntary" rollover of maturing Greek debt, has threatened investor confidence in Portugal as well.

If investors believe the EU can follow the Greek model and pressure them into bearing part of the cost of future aid to Portugal, they become less willing to lend to Lisbon, reducing the chance that they can resume borrowing from the market in 2013 as expected, Moody's said.

The example of Greece, malignant rather than everything that happened in Portugal in recent months, seems to be that the main reason for the decision by Moody's cut its rating four notches Lisbon, other analysts said.

"I think the main problem is growth internally and on that side not much has changed," said Diego Iscaro, Economist at IHS Global Insight. "Four notches is perhaps more to do with the developments throughout Europe.

"The Moody's concern is that we could see a repeat of Greece with Portugal next year. It is a different situation, but what he is saying that Moody's is that the resolution with the private sector can be the same. "

SWITCH WITH IRELAND

Moody's downgrade means that many investors will now view Portugal as the greatest danger of the eurozone after Greece instead. Until recently, that the position was held by Ireland, which is still rated as investment grade from all three main agencies; perceptions began to change when the yield of the bond of 10-year yield rose over the Irish in mid-June.

Moody said that there was a growing risk that Portugal would need a second international rescue, the 78 billion emergency loans which are due to flow in 2013. The size of any further rescue would depend on how long the EU needed to keep afloat the Portugal.

Under current plans, Lisbon is expected to raise 10 billion in long-term bonds in 2013 and 6 billion the following year, Iscaro said. Financing so Portugal until the end of 2014 may require an additional 16 billion euros of loans – depending on many factors including the success of Lisbon in cutting its budget deficit and the sale of State assets.

Iscaro said it was only likely to become apparent around the third quarter of next year, if Portugal would need a new rescue plan.

But Citibank, in a report Wednesday, said a second rescue plan was likely.

"Portugal is likely to require a second package at some point in 2012, when the International Monetary Fund is likely to take additional measures to bridge the financing gap for 12 months ahead-as was the case in Greece," he said.

Many economists based on Portugal at odds with Moody's downgrade, alleging that the Agency had not paid enough attention to the determination of the new centre-right Government of Lisbon meeting fiscal goals set by the EU and the International Monetary Fund.

The Government, which took office last month, has already announced a special tax on year-end bonuses and promised to accelerate the spending cuts over the terms of the bailout plan, which was agreed before the June 5 general election.

"We think this cut by Moody's was absurd and out of time. Didn't consider also measures the new Government and did not wait for the first evaluation of the implementation of austerity, "said Filipe Silva, head of debt to Banco Carregosa, a Portuguese private bank.

But as long as the Greek crisis suggests to investors that they may be forced to restructure their holdings of debt in the euro area countries, the success of Portugal with internal fiscal reforms may fail to impress the markets or the rating agencies.

Richard McGuire, interest rate strategist at Rabobank, said Moody's downgrade had stressed that "in terms of ' Domino ' restructuring, Portugal is the perfect man standing."

"Perspective, or even mere speculation, a series of defaults will increase the risk of spread of the infection," said McGuire.

(Edited by Andrew Torchia)

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BofA loses bid to end HAMP prohibitory (Reuters)

NEW YORK (Reuters)-Bank of America Corp. has lost its bid to dismiss a lawsuit, accusing him of shirking promises to help borrowers to modify their mortgage loans under a federal program.

The Bank, however, claimed a partial victory, citing the decision by district judge Rya Zobel to dismiss the claims for borrowers who sought to participate in two years, home affordable modification program or HAMP.

Zobel, however, ruled that homeowners who argue that they don't get modifications for which they are qualified under HAMP, to avoid foreclosures, may pursue claims against Bank of America.

The complaint "meticulously" each of these plaintiffs ' compliance with loan terms change details, but said the Bank "willfully failed" to modify loans, in bad faith or for their own economic benefit, Zobel wrote. Such allegations are "enough" to let the lawsuit go forward, he added.

Zobel rejected statements from borrowers who claimed they were "beneficiaries" of HAMP but never entered the program, saying it had no contractual right to relief.

She also rejected a request to block the Bank of America while it is pending to foreclose on borrowers 37 said to be "imminent" in danger of losing their homes.

In a statement, Bank of America spokeswoman Shirley Norton said the company is pleased that four of the eight counts in the complaint were dismissed.

The lawsuit combines 26 cases that were brought in 19 States and the status of class action sought for several plaintiffs.

"Conclusions of the Court will probably hundreds of thousands of families to convert temporary mortgage modification plans to permanently lower monthly payments. Tens of thousands of foreclosures are likely to be prevented, "said Gary Klein, a lawyer for the plaintiffs, adding that he expects the case to get the certification class.

Last week, Bank of America said that it would take 20 billion dollars in expenses for various issues, including mortgage over its purchase of Countrywide Financial Corp. 2008.

How many rivals, the Bank based on Charlotte, North Carolina was also in talks with State and federal regulators to resolve complaints about abuses alleged foreclosure.

HAMP was created in 2009 as a centerpiece of efforts by the Obama administration to increase the housing sector of the nation.

While providing incentives to servicers to encourage loan modifications, HAMP has been widely derided as ineffectual.

Until may, the 731.451 borrowers had received permanent loan modifications, much below the original target of 3 million to 4 million.

The House of representatives, controlled by the Republicans voted in March to wind down the program, if the Senate democratic control should not follow.

Bank of America, JPMorgan Chase and Wells Fargo & Co are the largest servicers participating in HAMP.

The case is In re: Bank of America Home affordable modification program (HAMP) contract litigation, U.s. District Court, district of Massachusetts, no. 10-md-02193.

(Reporting by Jonathan Stempel; editing by Carol Bishopric)

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Admits 2 years, SBY Asked KIB II Optimize remaining time

Jakarta -President SBY asked the Ministers to optimize the timing of the next three months to complete the rest of the work that still exists. Because when later there will be further ' Setup ', then no work left.

The order was given the President while opening plenary Cabinet meeting. Meeting held at the President's Office, Jakarta, Thursday (7/7/2011).

"October, less than two years later the Cabinet. When kala there needs to be further Setup, we are already complete and optimize month left, "said SUSILO BAMBANG YUDHOYONO.

Earlier he explained, when the main agenda of this session of the Cabinet of the exposure time is on the agenda of priorities For work. Anywhere from existing work program was assessed need dikebut to reach the target.

Next is to listen to the exposure of the head of UKP4 Kuntoro Mangkusubroto regarding the implementation of the instruction of President SUSILO BAMBANG YUDHOYONO sections in their respective ministries. Both the written and oral instructions.

"I got the report, less than 50 per cent is already done. I want to know where that is not running and has been acted upon. So we know when there's IE, why and where. I worry among us anyone doesn't remember flying it and is not implemented properly, "said SUSILO BAMBANG YUDHOYONO.

(lh/mok)


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Futures climb ahead of data (Reuters)

NEW YORK (Reuters)-advanced Thursday before labor market data, which can provide investors with clues about the key payrolls report on Friday, stock index futures.

It was expected the national employment report of ADP set to be released at 8:15 to show the increased U.S. private hire 68,000 in June after 38.000 in may, a month that probably had temporary factors, such as layoffs by car crashes. Will also give an important signal regarding the health of the market sector of service.

Weekly initial jobless claims due to 8:30 of the morning are expected to have fallen into some 420,000 in the week ending 2 July, by 428.000 claims the previous week.

Investors can also be optimistic about a resolution to debate U.S. debt ceiling as President Barack Obama and Congressional leaders were aiming for "something big" when budget talks resume on Thursday to ward off an imminent default after weeks of stalemate.

S & P 500 futures rose 4 points and above fair value, a formula which evaluates prices taking into account interest rates, dividends and expiration time on the contract. Dow Jones industrial average futures gained 31 points and Nasdaq 100 futures added 6.25 points.

Dealers will also be in focus as the release of monthly sales data. Healthy sales gains report for June, aided by opportunities that drew buyers contending with high gasoline prices and a shaky economy should exceed the United States retailers.

U.S. warehouse club operator Costco Wholesale Corp. (cost.O) posted an increase of 14 percent higher than expected June sales at stores open at least a year, helped by sales of gasoline more expensive and strengthening of foreign currencies.

The New York Stock Exchange was to take a crucial step towards control of a transferee company on Thursday, with little opposition expected by investors. NYSE Euronext (NYX.N) shareholders were voting on whether to run a 9.4 billion dollar acquisition of the company that owns the NYSE from Deutsche Boerse (DB1Gn.DE). The deal was expected to get the necessary majority support of 50 percent by investors, including t. Rowe Price and other large companies to fund us.

European shares rose, reversing the previous session's fall, with trading thin before the visas of rate-setting meeting of the European Central Bank. (.EU)

The European Central Bank is almost certain to raise interest rates later Thursday and will not let up in its insistence that Governments solve the debt crisis in Greece without triggering a debt default.

In Asia, Bank of China stocks rebounded on hopes of a short term break in tightening of policy.

Transport stocks were among the standouts on another flat session Wednesday for U.S. equities and manifestation of the area could be cause for optimism.

(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)

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Dewie Yasin Clean Defends Tudingan Witness Before

Jakarta -Yasin Clean provides clarification Dewie ahead of Election-related case Panja Mob of false letters In MK. klarifikasinya, Dewie denied witnesses previously provided Panja.

"I never asked for a letter to Nalom. It has never been, a lie, "said Dewie before the Election at Panja Mafia Commission meeting room II House, Senayan, Jakarta, Thursday (7/7/2011).

Previous Nalom Kurniawan staff clerk of the COURT, revealed when Dewie Yasin Clean request letter that he would submit to the ELECTION COMMISSION. This letter is a letter of explanation of the Court that the letter with the number 112 dated August 14, is false.

Dewie the on the page asking for The ELECTION COMMISSION. Initially reluctant to give the letter Nalom, but due to the Clean call someone Dewie Yasin. Then a letter that she gave.

"I gave Earlier is not, continue to call someone and Dewie's mother talking to Makassar. The call was then given to me, and it turns out that spoke of mother Neshawati. Nesha asked me to show the letter to Ms. Dewie, he said that on the orders of judge Arsyad, "said Nalom some time when giving klarifikasinya at Panja.

But it also contradicted information Nalom Dewie. "I was on the phone my brother on Makassar. She asks for my news and positions me where. Since then I've done the surgery, "deny Dewie.

Dewie also disputed the description of the General Secretary of the Constitutional Court, Janedjri M Gaffar said that the start time was judge Dewie Arsyad.

"Call me, why he's in the know. I also follow the case on television. I feel maligned, "the imbuh goddess.

(her/mok)


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Golkar Dare Virility PD in Election 2014

Jakarta -Case against former General Treasurer of the Democratic Party (PD) of M Rudi has been undermining the image of the blue. Golkar has exacerbated the challenging PD contested top position in the 2014 elections later.

"We pray that the Democratic Party still becomes a stud with Golkar will contest in 2014," said Golkar politicians, Agun Gunanjar Sudarsa.

It is submitted in response to the collapse of the image is PD Agun gara-gara cases encountered when Rudi reporters in the Capitol, Senayan, Jakarta, Thursday (7/7/2011).

Even so, Golkar was willing to consider the case lightly tripping Kemenpora PD. This time Golkar chose to be quiet.

Golkar hopes, Democrats could quickly pass the trials have been holding Rudi recognized the winner of the party election. "Please the public, we didn't want to beropini giving opinions about it, but it is clear that we support provide suport to Democrats," he asserts.

(van/mok)


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5 Journalists Sued Usd 5 M in PN Mataram

Mataram -Three journalists print and electronic media journalists sued two civil suits by the Director of education and training institutions Kebandarudaraan and flight attendants (LPPKP), Agus Budiarto, in the District Court of Mataram. Five journalists were charged Rp 5 billion in damages, because it is judged detrimental to the plaintiff.
 
They are sued is Haris Mahtul (Suara NUSA TENGGARA), Febrian Son (Lombok Post), Sudirman (Radar Lombok), Helmy (TVRI NTB), and Ahmad Yani (RRI Mataram).
 
Five journalists were undergoing trial premieres Thursday (7/7/2011) lunch at PN Mataram, Mataram, Langko Road. In the trial, plaintiff also present, Agus Budiarto.
 
The trial lasted only five minutes it was not until. The judge postponed the trial until 11 August 2011 because one other defendant, Sarita, alumni of Ma'rifah Kings named LPPKP was not present during the trial.
 
Tribunal judges gave opportunity to the plaintiff for a month to bring Sarita. Women's singles was also sued for being one of the sources cited his statement in the Annunciation.

After the hearing, Agus an dikerubungi journalist says Budiarto, he sued the unscrupulous journalist, not a media institution. Asked why not sue the media institution, related news, Agus do not answer it.
 
Lecturer Faculty of law University of Mataram was also no answer regarding his motivation to sue individuals, rather than media institutions. Agus LPPKP, just make sure there is news coverage about the injured after LKPP on 10 and 11 May 2011 who offered five media.
 
Lawsuit in Mataram PN number 76/PGT.G/2011/PN MTR registered Agus on June 23, 2011. The suit contains 36 points and the primary reason for seven points. In a written letter of 16 points in that there are daily news in the metropolis page Post Lombok dated May 10, 2011 entitled "dozens of Alumni LPPKP Questioning the clarity of fate,".
 
According to Agus in the lawsuit, none alumni LPPKP that came on 9 May 2011 menyanyakan clarity of his fate after the following education and training in LPPKP.

Then on Wednesday, May 11, 2011 in Lombok Daily Post page Metropolis included pictures that are under a written description of the "protest: dozens of Alumni Training Force 29, came to Office in Mataram LPPKP Clinch Eastern Monday (9/5)."
 
According to Agus, who in the photo that's not the dozens of alumni who came to the Office of the LPPKP but some people the training participants wear uniform Navy 30 black and white and others also did not wear uniforms. They are graduates of the LPPKP was sitting in the dugout and not in order to protest or March in.

In addition to the Daily Lombok Post, Agus also denied daily news voice of NTB on Tuesday, may 10, 2011 "Graduate LPPKP claims to be Fooled,". On the 21st, Agus Budiarto judge defendants have significantly destroyed the institution as well as himself. The defendants had intended to call Agus together doing a plot to attack the honour with news and photos.

Associated with that Agus suffered losses of at least Rp morale with a value of 6 billion. The loss was his opinion should be borne by defendants each amounting to Rp 1 billion. Furthermore due to the preaching that Agus admitted takes over two tahuh to restore his image.
 
In addition He demanded that the defendants apologized to him, published through print and electronic media for three consecutive months.
 
The hearing at the PN Mataram was attended by dozens of journalists and media leaders in the NTB. Before the trial, the journalist in Mataram also came to the Polres Mataram. They refused and demanded police prosecute these criminalization of the press.

(fay/fay)


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