US trade gap widens in October as exports fall






WASHINGTON - The US trade deficit widened in October as exports fell sharply from the prior month amid a slowing global economy, government data released Tuesday showed.

The trade gap increased to US$42.2 billion from a revised US$40.3 billion in September, the Commerce Department said.

Exports fell by 3.6 percent, while imports fell by 2.1 percent.

The decline in exports was the sharpest since January 2009, led by a 4.8 percent drop in goods exports.

"Trade looks to contribute slightly to US GDP growth again in the current quarter, but pronounced weakness in exports and imports says all there is to say about the US economy's momentum," said Sal Guatieri at BMO Capital Markets.

The politically sensitive trade shortfall with China, one of the United States' biggest trading partners, expanded to a record US$28.1 billion, bringing the year's 10-month total to US$245.5 billion.

The three-month average trade deficit rose to US$41.7 billion in October from US$41.5 billion in September.

- AFP/ir



Read More..

EC asks Centre to stop increase in cap on subsidized LPG cylinders

NEW DELHI: The Election Commission has written to the petroleum ministry directing that the move to raise LPG cylinder cap from six to nine cylinders a year, as reportedly announced by minister Veerappa Moily on Tuesday afternoon, be "stopped forthwith". It has also sought explanation from the minister on the alleged provocation for announcing the sop less than two days before polling for the first phase in Gujarat.

The minister has been asked to send in his reply by 11 am on Wednesday.

"It has come to the notice of the Commission from media reports quoting Moily, Union minister of petroleum and natural gas, that the Central government is increasing the supply of subsidized gas cylinders to each household from the present level of six cylinders to nine cylinders in a year," it was pointed in the letter signed by EC secretary Harbans Singh.

The Commission reminded the government that "the election process to the legislative assemblies of the states of Gujarat and Himachal Pradesh is currently on and the model code of conduct is in operation."

"The Commission has taken strong exception to your aforesaid announcement when the first phase of polling in the state of Gujarat is only two days away. The Commission has desired that you explain your above action at this juncture," the EC said in its letter to the minister.

Sources in the EC told TOI that the Commission would take action after examining the time when Moily reportedly announced the sop. In case it was done prior to 5 pm on Tuesday, it would invite a rap for violation of the mode code of conduct. However, it was made at 5 pm or later, it would invite action under Section 126 the Representation of People's Act, as it would be a violation of the ban on campaigning for 48 hours before the end of poll.

The first phase of polling in Gujarat is slated for December 13.

Read More..

New tests could hamper food outbreak detection


WASHINGTON (AP) — It's about to get faster and easier to diagnose food poisoning, but that progress for individual patients comes with a downside: It could hurt the nation's ability to spot and solve dangerous outbreaks.


Next-generation tests that promise to shave a few days off the time needed to tell whether E. coli, salmonella or other foodborne bacteria caused a patient's illness could reach medical laboratories as early as next year. That could allow doctors to treat sometimes deadly diseases much more quickly — an exciting development.


The problem: These new tests can't detect crucial differences between different subtypes of bacteria, as current tests can. And that fingerprint is what states and the federal government use to match sick people to a contaminated food. The older tests might be replaced by the new, more efficient ones.


"It's like a forensics lab. If somebody says a shot was fired, without the bullet you don't know where it came from," explained E. coli expert Dr. Phillip Tarr of Washington University School of Medicine in St. Louis.


The federal Centers for Disease Control and Prevention warns that losing the ability to literally take a germ's fingerprint could hamper efforts to keep food safe, and the agency is searching for solutions. According to CDC estimates, 1 in 6 Americans gets sick from foodborne illnesses each year, and 3,000 die.


"These improved tests for diagnosing patients could have the unintended consequence of reducing our ability to detect and investigate outbreaks, ultimately causing more people to become sick," said Dr. John Besser of the CDC.


That means outbreaks like the salmonella illnesses linked this fall to a variety of Trader Joe's peanut butter might not be identified that quickly — or at all.


It all comes down to what's called a bacterial culture — whether labs grow a sample of a patient's bacteria in an old-fashioned petri dish, or skip that step because the new tests don't require it.


Here's the way it works now: Someone with serious diarrhea visits the doctor, who gets a stool sample and sends it to a private testing laboratory. The lab cultures the sample, growing larger batches of any lurking bacteria to identify what's there. If disease-causing germs such as E. coli O157 or salmonella are found, they may be sent on to a public health laboratory for more sophisticated analysis to uncover their unique DNA patterns — their fingerprints.


Those fingerprints are posted to a national database, called PulseNet, that the CDC and state health officials use to look for food poisoning trends.


There are lots of garden-variety cases of salmonella every year, from runny eggs to a picnic lunch that sat out too long. But if a few people in, say, Baltimore have salmonella with the same molecular signature as some sick people in Cleveland, it's time to investigate, because scientists might be able narrow the outbreak to a particular food or company.


But culture-based testing takes time — as long as two to four days after the sample reaches the lab, which makes for a long wait if you're a sick patient.


What's in the pipeline? Tests that could detect many kinds of germs simultaneously instead of hunting one at a time — and within hours of reaching the lab — without first having to grow a culture. Those tests are expected to be approved as early as next year.


This isn't just a science debate, said Shari Shea, food safety director at the Association of Public Health Laboratories.


If you were the patient, "you'd want to know how you got sick," she said.


PulseNet has greatly improved the ability of regulators and the food industry to solve those mysteries since it was launched in the mid-1990s, helping to spot major outbreaks in ground beef, spinach, eggs and cantaloupe in recent years. Just this fall, PulseNet matched 42 different salmonella illnesses in 20 different states that were eventually traced to a variety of Trader Joe's peanut butter.


Food and Drug Administration officials who visited the plant where the peanut butter was made found salmonella contamination all over the facility, with several of the plant samples matching the fingerprint of the salmonella that made people sick. A New Mexico-based company, Sunland Inc., recalled hundreds of products that were shipped to large retailers all over the country, including Target, Safeway and other large grocery chains.


The source of those illnesses probably would have remained a mystery without the national database, since there weren't very many illnesses in any individual state.


To ensure that kind of crucial detective work isn't lost, the CDC is asking the medical community to send samples to labs to be cultured even when they perform a new, non-culture test.


But it's not clear who would pay for that extra step. Private labs only can perform the tests that a doctor orders, noted Dr. Jay M. Lieberman of Quest Diagnostics, one of the country's largest testing labs.


A few first-generation non-culture tests are already available. When private labs in Wisconsin use them, they frequently ship leftover samples to the state lab, which grows the bacteria itself. But as more private labs switch over after the next-generation rapid tests arrive, the Wisconsin State Laboratory of Hygiene will be hard-pressed to keep up with that extra work before it can do its main job — fingerprinting the bugs, said deputy director Dr. Dave Warshauer.


Stay tuned: Research is beginning to look for solutions that one day might allow rapid and in-depth looks at food poisoning causes in the same test.


"As molecular techniques evolve, you may be able to get the information you want from non-culture techniques," Lieberman said.


___


Follow Mary Clare Jalonick on Twitter at http://twitter.com/mcjalonick


Read More..

Closing Tax Loopholes Not Enough to Avert 'Cliff'?













Closing "corporate tax loopholes" sure sounds good to the average, non-corporate American -- so good, in fact, that politicians talk about it all the time.


House Speaker John Boehner's fiscal-cliff proposal purports to raise $1.6 trillion in revenue by "clos[ing] special-interest loopholes and deductions while lowering rates."


The White House, meanwhile, has complained that Boehner hasn't offered specific loopholes to cut.


On the other side of the aisle, House Democrats have repeatedly offered up "closing overseas tax loopholes" as a means to pay for spending bills -- a plan Republicans routinely reject. In the last two and a half years, President Obama has often been heard griping about writeoffs for corporate jets.


For both Republicans and Democrats, "corporate tax loopholes" are an old saw. But, like most things in politics, raising revenue from "loopholes" gets a bit stickier when the specifics are hashed out.


A misconception about tax "loopholes," some experts say, is that they're loopholes -- gaps in the tax law that corporations have exploited against the law's intent.






Carolyn Kaster/AP Photo; Pablo Martinez Monsivais/AP Photo















Fiscal Cliff Battle: President Obama vs. Speaker John Boehner Watch Video





"Most of these proposals were not 'loopholes,' these were incentives," said Eric Toder, co-director of the left-leaning Tax Policy Center.


For example, take the research-and-development tax credit. During the campaign, both Obama and Mitt Romney suggested making it permanent.


"One wouldn't call the research credit a loophole," Toder said.


Cashing in by closing the biggest "loopholes" could be a politically fraught endeavor. To generate meaningful revenue, House Republicans would have to sign off on measures that raised it from taxing the overseas profits of multinational corporations, from ending immediate writeoffs of equipment purchases, or from ending a credit for domestic manufacturing.


When the Joint Committee on Taxation scored some of these provisions, as part of a tax-reform bill pushed by Democratic Sen. Ron Wyden and then-GOP-senator Judd Gregg, it found the government could save significantly:


Savings Over 10 Years: 2011-2021


Taxing Overseas Profits of Multinational Corps: $582.7 billion. In other words, the "overseas tax loophole" Democrats are fond of trashing. While most countries with large economies tax only profits made at home, the U.S. code taxes all income everywhere. To offset the different, U.S. multinational corporations receive credits to prevent double taxing. They also can defer paying any tax on foreign income, until they transfer the money back to the United States.


Taxing that profit could generate significant revenue. But this could be controversial, and large corporations would fight it. A senior aide to one business lobbying group said ending foreign-income deferral would amount to double-taxing U.S. companies and put them at a disadvantage to foreign competitors; one supporter of ending deferral suggested U.S. companies have been able to hide profits overseas, avoiding taxes altogether.






Read More..

Egypt army gets temporary power to arrest civilians


CAIRO (Reuters) - Egypt's government has temporarily given the military the authority to arrest civilians to help safeguard a constitutional referendum planned for Saturday, the official gazette said.


The order, gazetted late on Sunday, said the military would support police and liaise with them to protect "vital institutions" until the referendum result is declared.


The decree gave army officers the right to make arrests and transfer detainees to prosecutors.


Despite its limited nature, the edict will revive memories of Hosni Mubarak's emergency law, also introduced as a temporary expedient, under which military or state security courts tried thousands of political dissidents and Islamist militants.


But a military source stressed that the measure, introduced by a civilian government, would have a short shelf-life.


"The latest law giving the armed forces the right to arrest anyone involved in illegal actions such as burning buildings or damaging public sites is to ensure security during the referendum only," the military source said.


"The armed forces secured polling stations during previous elections when it was in charge of the country," the source said, referring to 16 months of army rule after Mubarak fell.


"Now the president is in charge. In order for the armed forces to be involved in securing the referendum, a law had to be issued saying so," the source added.


Presidential spokesman Yasser Ali said the committee overseeing the vote had requested the army's assistance.


"The armed forces will work within a legal framework to secure the referendum and will return (to barracks) as soon as the referendum is over," Ali said.


On Saturday, the military urged rival political forces to solve their disputes via dialogue and said the opposite would drag the country into a "dark tunnel", which it would not allow.


A statement issued by the military spokesman and read on state radio and television made no mention of President Mohamed Mursi, but said a solution to the political crisis should not contradict "legitimacy and the rules of democracy".


A military source close to top officers said the statement "does not indicate any future intervention in politics".


A military council took over after a popular revolt ended Mubarak's 30 years of army-backed rule last year. It then handed power to Mursi, who became Egypt's first freely elected leader in June. The military has not intervened in the latest crisis.


The army statement said the military's duty was to protect national interests and secure vital state institutions.


"The armed forces affirm that dialogue is the best and only way to reach consensus," it added. "The opposite of that will bring us to a dark tunnel that will result in catastrophe and that is something we will not allow."


Hassan Abu Taleb of the Al Ahram Center for Political and Strategic Studies said Saturday's army statement suggested the military wanted both sides to talk out their differences, but discounted the chance of direct military intervention.


"They realize that interfering again in a situation of civil combat will squeeze them between two rocks," he said.


(Additional reporting by Yasmine Saleh; Writing by Alistair Lyon; editing by Philippa Fletcher)



Read More..

SAF serviceman injured onboard ship berthed at Changi Naval Base






SINGAPORE: A Singapore Armed Forces (SAF) regular serviceman has been critically injured while onboard the Landing Ships Tank RSS Endeavour, which is berthed at Changi Naval Base.

29-year-old ME2 Chee Weng Fai Jason, a Weapon Systems Supervisor, was checking on a berthing rope that was being tightened on Monday afternoon when he got caught between a motorised winch and the rope, said the Ministry of Defence (MINDEF).

The base's medical centre was alerted to the incident at 2.25pm and attended to Mr Chee within five minutes, said the ministry.

According to a statement from MINDEF, Mr Chee was attended to by a medical team led by four medical officers from the Changi Naval Medical Centre, who stabilised his condition before Mr Chee was sent via an SAF ambulance from the RSS Endeavour to Changi General Hospital.

Mr Chee has undergone emergency surgery and remains in critical condition.

The SAF is conducting an investigation to determine the cause of the incident.

- CNA/jc



Read More..

Wal-Mart lobbying creates storm, company denies illegality

NEW DELHI: The issue of Wal-Mart lobbying today led to a political storm with opposition creating pandemonium in the Rajya Sabha and promising to create further trouble on Tuesday by pressing its demand for a probe and a statement by Prime Minister Manmohan Singh.

BJP, CPM, CPI, SP, JD(U), Trinamool Congress, AGP and AIADMK used the issue to target the government over its decision to allow 51% FDI in retail.

These parties created ruckus in the Rajya Sabha soon after the Question Hour, alleging that the US giant had indulged in corruption to enter Indian market. The uproar led to three adjournments till 2 PM when the House was adjourned finally for the day.

Though the issue did not figure in the Lok Sabha today, the Opposition has decided to rake it up there tomorrow.

"It is a very serious issue. It has been raised in Rajya Sabha today. We propose to raise it in Lok Sabha tomorrow," senior BJP leader Yashwant Sinha told reporters.

When pointed out that lobbying is not illegal in the US, the former external affairs minister said, "I know it is allowed in the US. But the laws of the two countries are different. Lobbying in the US does not mean corruption but in India, it does. That is the difference. There is illegality."

Earlier, Ravishankar Prasad (BJP) raised the issue in the Rajya Sabha during the Zero Hour. He said apprehensions were raised earlier also about Wal-Mart spending huge money to lobby for entering the Indian market and that it has now been proved true. He was supported by members of other opposition parties.

Bharti Wal-Mart issued a statement, saying the opposition allegations of corruption are "entirely false". It said the amount mentioned in its disclosure is a "compilation of expenses associated with staff, association dues, consultants and contributions spent in the US."

The Wal-Mart lobbying issue brought back into focus the decision on FDI with Opposition uniting even as motions brought by it got defeated in both Houses last week with government securing numbers with the help of BSP and SP.

Prasad said that Wal-Mart has in its lobbying disclosure report to the US Senate said it has spent Rs 125 crore on lobbying and $ 3 million have been spent in 2012 itself for entering the Indian market.

"Lobbying is illegal in India. Lobbying is a kind of bribe. If Wal-Mart has said that hundreds of crores of rupees were spent in India, then it is a kind of bribe. Government should tell who was given this bribe. This raises a question mark on the implementation of FDI in retail," he said.

The BJP leader was supported by TMC leader D Bandopadhyay who waved a newspaper report and CPM member P Rajeeve who demanded an "independent inquiry" into the whole episode alleging that there are some reports saying Wal-Mart invested money even before Fema was amended.

"This is bribery," he said as the Opposition members shouted slogans in favour of withdrawing FDI.

Amid din, SP members trooped into the Well shouting slogans against the government's move to bring reservation in promotion for SCs/STs. Government has listed the Constitution (117th Amendment) Bill, 2012 for this purpose in the House.

Earlier, minister of state for parliamentary affairs Rajiv Shukla assured the members that he would bring the matter to the notice of the minister concerned. This was, however, rejected by the opposition which insisted on a response from the Prime Minister.

T Siva (DMK) was also on his feet. Minister of state in PMO V Narayanasamy was heard saying "what more they (the Opposition) want, when he (Shukla) has said that he will bring it to the notice of the minister concerned". While BSP members kept seated, those from SP were on their feet joining the issue with BJP and Left.

Read More..

Royal Hoax: DJs 'Shattered' After Nurse's Suicide













The two Australian radio DJs who prank-called the London hospital where Kate Middleton was being treated last week said they were "shattered" and "gutted" after the nurse who answered their call apparently killed herself.


Shock jocks Mel Greig, 30, and Michael Christian, 25, cried as they spoke to Australia's Channel 9 overnight in their first public interview since Jacintha Saldanha, 46, the nurse who last week connected the pair to the duchess' room, was found dead Friday morning.


"I'm shattered, gutted, heartbroken," Christian said. "Mel and myself are incredibly sorry for the situation and what's happened. I had the idea. … It was just a simple harmless phone call. It was going to go on for 30 seconds. We were going to get hung up on."


FULL COVERAGE: Royal Baby


The host of the "2Day" FM radio show pretended to be Queen Elizabeth and Prince Charles, asking for an update on Middleton's condition when they called up King Edward VII Hospital in central London. With no receptionist on duty overnight, Saldanha answered the prank call and put it through.


"It was just something that was fun and light-hearted and a tragic turn of events that I don't think anyone had expected," Christian said.






A Current Affair/ABC News











Jacintha Saldanha Dead: Could DJs Face Charges? Watch Video









Jacintha Saldanha Outrage: DJs Responsible for Prank Are in Hiding Watch Video







Saldanha was found dead Friday morning after police were called to an address near the hospital to "reports of a woman found unconscious," according to a statement from Scotland Yard.


Investigators have not said how she might have killed herself.


Greig cried today when asked about the moment she heard of the death of Saldanha, a mother of two.


"It was the worst phone call I've ever had in my life," she said through tears. "There's not a minute that goes by that we don't think about her family and the thought that we may have played a part in that is gut-wrenching."


The DJs said they never expected to get through to Middleton's nurse and assumed "the same phone calls had been made 100 times that morning," Christian said.


Grieg said, "We wanted to be hung up on with our silly voices and wanted a 20-second segment to air of us doing stupid voice. … Not for a second did we expect to even speak to Kate or even have a conversation with anyone at the hospital. We wanted to be hung up on."


The global backlash against the duo has been fierce, from online death threats to calls for prison time. Their radio station has announced it is banning phony phone calls altogether, and suspending advertising indefinitely.


Max Moore-Wilton, the chairman of Southern Cross Austereo, said in a letter Sunday to Lord Glenarthur, chairman of King Edward VII's Hospital, that the company is reviewing the station's broadcast policies, the AP reported.


"I can assure you we are taking immediate action and reviewing the broadcast and processes involved," Moore-Wilton said in the letter. "As we have said in our own statements on the matter, the outcome was unforeseeable and very regrettable."


Greig and Michael have been taken off the air, silenced indefinitely.



Read More..

Egypt's Mursi scraps decree, fails to appease opponents


CAIRO (Reuters) - Egypt's president scrapped a decree that gave him extra powers and ignited violent protests, but irate opponents said on Sunday he had deepened the conflict by pressing on with a vote on a constitution shaped by Islamists.


President Mohamed Mursi and his Islamist partisans have insisted the referendum go ahead on December 15 to seal a democratic transition that began when a popular uprising felled Hosni Mubarak 22 months ago after three decades of one-man rule.


The retraction of Mursi's November 22 decree, announced around midnight after a "national dialogue" boycotted by almost all the president's opponents, has failed to calm a war of words.


Prime Minister Hisham Kandil, a technocrat with Islamist leanings, said the referendum was the best test of opinion.


"The people are the makers of the future as long as they have the freedom to resort to the ballot box in a democratic, free and fair vote," he said in a cabinet statement.


But opposition factions, uncertain of their ability to vote down the constitution against the Islamists' organizational muscle, want the document redrafted before any vote.


Ahmed Said, a liberal leader of the main opposition National Salvation Front, said Mursi's withdrawal of his November 22 decree had not annulled its consequences, describing the race to a referendum as "shocking" and an "act of war" against Egyptians.


The Front has promised a formal response later on Sunday.


Egypt tipped into turmoil after Mursi grabbed powers to stop any court action to hinder the transition. An assembly led by Mursi's Muslim Brotherhood and other Islamists then swiftly approved the constitution it had spent six months drafting.


Liberals, leftists, Christians and others had already quit the assembly in dismay, saying their voices were being ignored.


The April 6 movement, prominent in the anti-Mubarak revolt, derided the result of Saturday's talks as "manipulation and a continuation of deception in the name of law and legitimacy".


A leftist group led by defeated presidential candidate Hamdeen Sabahy demanded the referendum be deferred until a consensus could be reached on a new draft, saying there could be "no dialogue while blood is being spilled in the streets".


But Muslim Brotherhood spokesman Mahmoud Ghozlan said scrapping Mursi's decree had removed any cause for controversy.


"We ask others to announce their acceptance of the referendum result," he said on the group's Facebook page, asking whether the opposition would accept "the basics of democracy".


"NOT LOGICAL"


More protests were planned near Mursi's palace, despite tanks, barbed wire and other barriers installed last week after clashes between Islamists and their rivals killed seven people.


"A constitution without consensus can't go to a referendum," said Hermes Fawzi, 28, a protester outside the palace. "It's not logical that just one part of society makes the constitution."


After the dialogue hosted by Mursi, a spokesman announced that the president had issued a new decree whose first article "cancels the constitutional declaration" of November 22. He said the referendum could not be delayed for legal reasons.


Egypt is torn between Islamists, who were suppressed for decades, and their rivals, who fear religious conservatives want to squeeze out other voices and restrict social freedoms. Many Egyptians just crave stability and economic recovery.


Each side has mobilized tens of thousands of supporters in rival rallies in Cairo and other cities. Mursi's foes have chanted for his downfall. Islamists fear a plot to oust the most populous Arab nation's first freely elected president.


Islamists reckon they can win the referendum and, once the new constitution is in place, an election for a new parliament about two months later. The Islamist-led lower house elected this year was dissolved after a few months by a court order.


Investors appeared relieved at Mursi's retraction of his decree, sending Egyptian stocks 4.4 percent higher on Sunday. Markets are awaiting approval of a $4.8 billion IMF loan later this month designed to support the budget and economic reforms.


The new decree removed some parts of the old one that had angered the opposition, including an article that had given Mursi broad powers to confront threats to the revolution or the nation - wording that critics said gave him arbitrary authority.


It also dropped an article that had shielded Mursi's actions from the courts until a new parliament was elected, reflecting his distrust of a judiciary largely unreformed from Mubarak's era. But the new decree said "constitutional declarations including this declaration" remained beyond judicial review.


The new decree also set procedures to form an assembly to write a new constitution if Egyptians vote this draft down.


The military, which led Egypt's transition for 16 turbulent months after Mubarak fell, told feuding factions on Saturday that only dialogue could avert "catastrophe". But a military source said these remarks did not herald an army takeover.


(Additional reporting by Tamim Elyan and Yasmine Saleh; Writing by Alistair Lyon; Editing by Mark Heinrich)



Read More..

Frankfurt airport axes 150 flights after snowfall






FRANKFURT: Frankfurt airport cancelled 150 incoming and outgoing flights on Sunday because of snowfall and warned that more cancellations could be expected.

Intercontinental, domestic and European flights were all affected at the airport, Europe's third-busiest, and the conditions would delay other flights, a spokesman said.

A total of 1,250 flights had been scheduled for Sunday at what is Germany's biggest airport.

Berlin was also hit by snowy conditions on Sunday, but a spokesman at the capital's airport said that while there were delays of up to 20 minutes were expected as they cleared landing strips, no flights had been cancelled.

- AFP/xq



Read More..