Friday, 1 April 2011

DUP leader Peter Robinson: 'first everyday NI election'

 

DUP leader Peter Robinson: 'first everyday NI election'

Peter Robinson

 

DUP leader Peter Robinson was speaking at the launch of his party's assembly election campaign


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Northern Ireland is facing its first election where the main issues are everyday ones, DUP leader Peter Robinson has said.

Mr Robinson said he wanted to see a new society "where the divisions of the past are being eroded and our new society is taking root".

Launching the DUP's election campaign, he said he wanted everyone to be able to say they were proud to be from Northern Ireland, regardless of political outlook.

The DUP leader criticised the UUP over cuts, the SDLP over 50/50 police recruitment, the Alliance Party about water charges and Sinn Fein over education.

However, he added that he would not "promise the earth" and would be prepared in the future to support other parties' ideas if he decided they were good.

"We have created more jobs in the last four years than any time in Northern Ireland's history; there is more to be done because we're losing more jobs at the other end because of the recession," he said.

"We want to see more jobs; we're out to see tougher sentences particularly for those who attack the elderly; we're looking at issues such as how we can fix education and get a better health service; we're looking at how we can get a shared society with people working together in the assembly, and of course we want to ensure that we strengthen unionism as well."

TUV leader Jim Allister said the DUP offered "four more years of Sinn Fein veto, of whatever it takes to keep their disruptive partner happy, because power, any power, is the overriding imperative".

 

Scottish elections: Focus on education and health

Scottish elections: Focus on education and health

drugs being dispensed

 

Prescription charges in Scotland were abolished on 1 April

 

Scottish election

  • Tongue hustings first in living memory
  • Council 'political mag' withdrawn
  • SNP urged to release tax advice
  • Campaign catch-up

Education and health are top of the agenda on the Holyrood election trail.

Tory leader Annabel Goldie called for "second chance centres" for unruly school pupils.

Lib Dem campaign chairman George Lyon was promoting messages on jobs and education while Scottish Labour Leader Iain Gray met apprentices at a wood processing company.

Deputy SNP leader Nicola Sturgeon visited a pharmacy in Glasgow to mark the abolition of prescription charges.

Candidates from all the main political parties will also be taking part at a BMA hustings at Edinburgh University, on the future of medical education in Scotland.

Campaigning in Hamilton, Miss Goldie said almost 160 youngsters were excluded daily from schools - the equivalent of one pupil every two minutes.

She said "second chance centres" would see problem pupils taken out of mainstream education and given help to refocus their lives.

Youth unemployment

The Scottish Tory leader said: "Well-behaved pupils must be able get on with learning, and teachers to get on with teaching, without the distraction of a few badly behaved pupils.

"It is common sense for school discipline to be at the forefront of the education debate - until we get to grips with it, Scotland's schools will continue to get a raw deal."

Meanwhile, Ms Sturgeon said the reduction and eventual abolition of prescription charges in Scotland meant "a new era of health care free at the point of need".

She added: "The SNP are the only party with a record of commitment to no prescription charges.

children taking exams in an exam hall

 

Education was a focus for the Tories and Lib Dems

"Under Labour, prescriptions cost nearly £7, under the Tories and Lib Dems in England they are £7.40.

"The abolition of prescription charges shows what an SNP government working for Scotland can do."

Meanwhile, Mr Gray arrived in Stirling to warn unemployment could lead to another "lost generation"

Claiming youth unemployment had soared by almost 20,000 during the SNP's time in office, he said: "I remember the dark days of the 1980s. I was a teacher and saw first hand youth unemployment destroy a generation.

"We cannot return to those days - we must act today to stop the ticking time bomb of youth unemployment."

He reiterated his pledge to give those unemployed for six months or more "the chance of a real job", as well as guaranteeing an apprenticeship for all suitably qualified youngsters.

Public services

Commenting after campaigning in the West of Scotland, the Scottish Liberal Democrats George Lyon said parents had told him that they shared his party's ambition to restore Scotland's reputation for "excellence in education".

He added: "We want more powers for headteachers, because they're best placed to make decisions about their schools and we are committed to improving the pupil to teacher ratio in our classrooms.

"Over 600,000 young people will benefit from Liberal Democrats' solutions for education in Scotland."

Also hitting the campaign trail, the Scottish Greens said the main political parties were "all mouth and no trousers" on public services.

Co-leader Patrick Harvie said their pledges to protect public services could not be trusted unless they could say where the money was coming from.

He added: "We know where it should come from.

"Untaxed business assets and the wealthiest in Scottish society.

"Most Scots support raising fairer taxes, so why are we the only party offering an alternative to the cuts?"

 

Labour attacks Willetts over feminism remarks

 

Labour has called on David Willetts to withdraw comments in which he appeared to suggest feminism was the "single biggest factor" responsible for a lack of social mobility.

The universities minister gave a briefing to journalists travelling with Nick Clegg in Mexico, ahead of the publication by the government of a social mobility strategy.

Asked what was to blame for a lack of social mobility the Daily Telegraph quoted him saying: "The feminist revolution in its first-round effects was probably the key factor.

"Feminism trumped egalitarianism. It is not that I am against feminism, it's just that is probably the single biggest factor."

A spokesman at Mr Willetts' department said they had not disputed the quotes in the article.

The newspaper reported Mr Willetts as saying there had been an "entirely admirable transformation of opportunities for women" which meant that "with a lot of the expansion of education in the 1960s, 70s and 80s, the first beneficiaries were the daughters of middle-class families who had previously been excluded from educational opportunities".

'Problems'

And he added: "If you put that with what is called 'assortative mating' - that well-educated women marry well-educated men - this transformation of opportunities for women ended up magnifying social divides.

"It is delicate territory because it is not a bad thing that women had these opportunities, but it widened the gap in household incomes because you suddenly had two-earner couples, both of whom were well-educated, compared with often workless households where nobody was educated."

Yvette Cooper, who is both shadow home secretary and shadow minister for women and equalities, criticised the comments and said they should be withdrawn.

She said: "Now we see why this Tory-led government is hitting women twice as hard as men. Instead of addressing the problems and disadvantages low-income families face, senior Tory ministers have decided women and feminism are to blame."

She added: "David Willetts should quickly withdraw this rubbish and face up to the real problems his policies are causing for young people and women who want to get on."

 

David Sokol's lost lessons in integrity - Mar. 31, 2011

David Sokol's lost lessons in integrity

David SokolDavid Sokol exits Berkshire Hathaway.


David Sokol's lost lessons in integrity - Mar. 31, 2011

 

FORTUNE -- After Warren Buffett announced David Sokol's resignation on March 30, the Wall Street rumor mill got cranking at full speed. Some wags proposed that Sokol, the Berkshire Hathaway executive who bought some $10 million worth of Lubrizol shares in the months leading up to his company's acquisition of the chemicals giant (and made a $3 million profit in the process), might have committed insider trading or front-running.

Others say his Lubrizol (LZ, Fortune 500) share purchases were not illegal, but certainly displayed poor judgment by the man most often mentioned in the press as Buffett's heir apparent. Whether Sokol broke the law or merely bent it will be up to federal investigators to determine, and that's if the SEC or an industry regulator moves to investigate.

 

David Sokol's lost lessons in integrity - Mar. 31, 2011

 

he more interesting question -- and one of perhaps Shakespearean proportions -- is what kind of guy writes a self-published book called Pleased But Not Satisfied that names integrity as one of his six business commandments, but then displays what is inarguably bad judgment and ends up embroiled in a scandal?

On page 30 of his book, which he hands out to his employees, he writes: "If you are uncertain about an issue it's useful to ask yourself, 'Would I be absolutely comfortable for my action to be disclosed on the front page of my hometown newspaper in an article written by a knowledgeable and thorough reporter, and read by my family, friends and co-workers?'" Or blared, for that matter, in The New York Times or Wall Street Journal?

David Sokol will not talk on this point, but I did have the opportunity last summer to spend a lot of time with him while reporting the Fortune story: "Buffett's Mr. Fix-It." I found Sokol to be a brilliant executive, a company builder who gets results. With longtime Buffett friend Walter Scott, Sokol had bought a small $28-million-a-year geothermal business in 1991 and through acquisitions and internal growth built it into MidAmerican, the utility powerhouse that last year brought $11.4 billion of Berkshire's revenue.

You don't get those kinds of results by being a milquetoast, and Sokol -- as driven an executive as I've met -- rubbed a lot of people the wrong way. During his turnaround of Berkshire's NetJets fractional-share business, one executive shown the door commented: "Once you challenged him in a meeting, he'd give you a look to kill, and you'd fall very fast out of his favor."

Throughout my reporting, I always found Sokol to be civil and patient to explain things, but when the subject of integrity came up, he suddenly seemed to switch gears. When I asked him last year about a $32 million ruling that declared his company MidAmerican had "willfully and intentionally" miscalculated future profits to force out minority stockholders in a hydropower project in the Philippines in the 1990s, he seemed upset and rapidly fired off numerous reasons why the ruling was invalid, and how he'd appeal. But what saddened him most, he said, was the lack of integrity displayed by his business partners in the Philippines, whom he felt had been almost family to him.

So what to make of the Lubrizol stock controversy? I think it unlikely that Sokol believed he was doing anything wrong. He is too smart not to understand insider trading and front-running and their implications. He is a vastly wealthy man who does not need the $3 million in profits he made on the Lubrizol deal. He sees himself as a man of integrity -- and the Buffett culture reinforced such beliefs. Buffett has written in a memo to his executives: "We can afford to lose money --even a lot of money. But we can't afford to lose reputation -- even a shred of reputation."

It may have been inconceivable to Sokol that he could do anything that was unethical. Perhaps, therefore, he was blind to the fallout that would ensue from buying $10 million of a stock for his personal account and then recommending to Buffett that Berkshire buy the company. During his appearance on CNBC earlier today, Sokol seemed both surprised and piqued by the whole affair, saying that he had done nothing wrong but if he had it to do over again, he'd buy the stock and not tell Buffett about it as a prospective acquisition.

And he'd be so much better off if he had, because this story is not going away. Too many unanswered questions have been left hanging. Mitch Berns, a partner and securities fraud specialist at the White Plains law firm of Lane, Sash & Larrabee thinks attention will be focused on the December 13th meeting between Sokol and Lubrizol's banker Citigroup (C, Fortune 500), in which Sokol asked one of the Citi bankers to try to arrange a meeting with Lubrizol CEO James Hambrick to discuss a possible deal between the two companies.

Shortly after that meeting, Sokol made his first buys of Lubrizol shares. Says Berns: "Did Sokol receive positive feedback in the meeting that Lubrizol might be interested in being acquired? Had Sokol already engaged Berkshire's staff to seriously look at the deal, or was a Berkshire acquisition just a vague notion of his? Until we know the answers to these types of questions, we won't know whether Sokol engaged in any kind of illegal activity."

In the meantime, Sokol is heading off to start what he calls his own "mini-Berkshire" -- far, he must hope, from the glaring lights of the press

 

March jobs report: Jobs gain, unemployment falls - Apr. 1, 2011

March jobs report: Jobs gain, unemployment falls

chart_jobs_040111.top.gif

 

March jobs report: Jobs gain, unemployment falls - Apr. 1, 2011

 

NEW YORK (CNNMoney) -- Improvements in the job market may finally be taking hold, as strong business hiring last month brought the unemployment rate down to its lowest level in two years.

The economy gained 216,000 jobs in the month. That's better than the gain of 180,000 predicted by economists surveyed by CNNMoney, and also a significant improvement over the 194,000 jobs added in February.

"Almost two years after the recession officially ended, the labor market appears to finally be picking up," said Kathy Bostjancic, director of macroeconomic analysis for The Conference Board.

The unemployment rate continued to edge down, dropping to 8.8%, the lowest level since March 2009. The unemployment rate has shed a full percentage point in the last four months, the largest four-month drop since 1984.

 

March jobs report: Jobs gain, unemployment falls - Apr. 1, 2011

 

The unemployment rate has broken through the sound barrier and is continuing to decline," said Sung Won Sohn, economics professor at Cal State Channel Islands. "The recovery in employment is here to stay."

While the payroll numbers are compiled from a survey of employers, the unemployment rate is determined by a separate survey of workers, which also showed significant improvement.

The number of discouraged job seekers who want to work but have given up actively looking was down slightly, as was the number of workers who wanted full-time jobs but could only find part-time work. Another encouraging reading -- the number of people who lost their jobs during the month was down by 125,000, falling to the lowest level in two years.

"It's strong across the board," said Tig Gilliam, president of the North American unit of job placement firm Adecco. "Is it as fast as we'd all want? Probably not, but it's moving in the right direction and it continues to accelerate."

Who's hiring and who's not

Private businesses added 230,000 jobs. Since businesses started hiring again a year ago, they have now added 1.8 million jobs, with nearly a third of those jobs added in just the first three months of this year.

The trend in business hiring is widespread, with 68% of industries adding jobs so far this year. Among the leading sectors were business and professional services, which added 78,000 jobs, health care and social services, which brought on 44,000 workers, and leisure and hospitality, which increased staffing by 37,000.

One closely watched sector, temporary workers, grew by nearly 30,000. That is important because many businesses will bring on temporary staff as a prelude to making permanent hires.

 

Nuclear waste called nation's 'biggest security threat' - Apr. 1, 2011

Nuclear waste: America's 'biggest security threat'

Nuclear waste is called the nation's 'biggest security threat'.Spent fuel is currently sitting in pools around the country, like at this plant in southeast Texas. Many are close to major population centers, and a fire could be catastrophic.

Nuclear waste called nation's 'biggest security threat' - Apr. 1, 2011

 

If the waste catches fire, a situation Japanese officials are racing to prevent at Japan's Fukushima Daiichi plant, critics say it could effectively render an area the size of half of New Jersey permanently uninhabitable.

"It's probably the single greatest security vulnerability in the United States," said Kevin Kamps, radioactive waste specialist at Beyond Nuclear, a watchdog group.

How close is your home to a nuclear power plant?

Kamps and many other industry critics want lawmakers to mandate that most of the waste, known as spent fuel, be stored away from the main reactors in certified steel and concrete casks, then have those casks placed in fortified buildings or earthen bunkers.

"But it's fallen on deaf ears in Congress," Kamps said.

Currently most of the waste sits close to the reactors in large pools that resemble swimming pools. A smaller amount is kept outside in casks that critics say are poorly guarded.

The reason so much waste is being stored at the nuclear power plants themselves is that the government hasn't figured out what to do with it permanently.

Storing the waste in this manner was supposed to be a temporary measure until it was permanently buried deep inside Nevada's Yucca mountain. But thanks to a mix of geology and politics, that site was recently deemed unsuitable.

The hunt is on for a new long term repository, but finding and building one will likely take decades.

The industry and the government say storing the waste at the power plants for decades isn't a problem.

"The fuel is safe, in a cask or in a pool," said David McIntyre, a spokesman for the government's Nuclear Regulatory Commission.

McIntyre said the government will take a look at waste storage as part of its comprehensive review following the events in Japan, but added that, at this time, "there's no safety reason to move it."

Industry critics couldn't disagree more.

They say the radioactive spent fuel rods, which rely on circulating water to remain cool, are vulnerable to both natural disaster or terrorist attack.

In a natural disaster, a power outage from an earthquake, hurricane, tornado or other event would cause the water pumps to fail. Yes, there are back up generators, but sometimes those fail too, as is the case in Japan. If that happens, it's only a mater of days until the fuel heats up to the point where it boils off the water and then catches fire.

They note that the pools themselves are located outside the reactor's main containment dome. An explosion, like what occurred in Japan, would expose the pools to the open air.

It's also possible for terrorists to specifically target the pools. Reactors like the ones in Japan, of which there are 23 in the United States, are particularly vulnerable. The pools in that design are located several stories above ground, making them easy targets for shoulder-fired missiles or airplane attacks.

Critics say the concrete and steel around the pools are designed to prevent radiation leaks, not to stop a missile.

"It's hard to understand why the Nuclear Regulatory Commission has not mandated a more rapid transfer of spent fuel to dry casks," California's Democrat senator, Dianne Feinstein, said at an appropriations subcommittee hearing Wednesday.

Kamps said the reason is cost -- that it would cost up to $100 million per reactor to move the fuel from the pools to reinforced dry cask storage, a cost the companies that run the plants do not want to bear.

The industry said cost has nothing to do with it.

 

Royal wedding: Prince William will not wear a ring

 

 

Royal wedding: Prince William will not wear a ring

The Queen and Prince William at RAF Valley in Anglesey

 

Prince William showed the Queen around RAF Valley in Anglesey


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Prince William has chosen not wear a wedding ring, St James's Palace says.

But his bride Kate Middleton, 29, will wear a band made from gold from the Clogau St David's mine at Bontddu, in north Wales.

The announcement about the rings came as the Queen visited Prince William, 28, at the RAF base in Anglesey where he works as a search and rescue pilot.

More details have also been revealed about the involvement of the armed forces in the wedding on 29 April.

Gold from the Clogau St David's mine has been used for a number of royal wedding bands, including those for the Queen, the Queen Mother and Diana, Princess of Wales.

The Queen was presented with a fresh supply of gold by the mine in 1986 and it is from this that Miss Middleton's ring will be made.

A St James's Palace spokeswoman said: "After the engagement Her Majesty the Queen gave Prince William some gold to make a wedding ring.

"In accordance with the couple's wishes Miss Middleton will wear a ring. The ring will be from Prince William."

William's father, the Prince of Wales, does wear a wedding band, but his grandfather, the Duke of Edinburgh, does not.

Trumpeters and Tornados

With just four weeks to go until the wedding at Westminster Abbey, the Ministry of Defence has revealed how military personnel will play a role:

  • more than 1,000 members of the Army, Navy and RAF will line the route from Westminster Abbey to Buckingham Palace
  • they will be joined by a series of military bands, including those from the Royal Marines, the Grenadier Guards and the Scots Guards
  • inside Westminster Abbey, eight Household Cavalry state trumpeters and eight RAF fanfare trumpeters will play
  • after the service, a select few personnel - chosen because of their personal relationship with Prince William or their outstanding contributions to their service - will line the path along which the newlyweds will walk as they leave the abbey
  • a guard of honour, made up of members of the Welsh Guards, will await them outside Buckingham Palace
  • at 1330 BST, a fly-past involving the Battle of Britain memorial flight will take place over Buckingham Palace. Two Typhoons and two Tornados will also be involved

Gen Sir David Richards, Chief of the Defence Staff, said: "It is a huge honour for those servicemen and women taking part and one that they and their families will remember with great pride.

"They reflect the sentiments of the whole of the armed forces who share their pride in supporting this national celebration.

The Queen at RAF Valley in Anglesey

 

The Queen had to hold on to her hat in high winds at RAF Valley

"For those in the path-lining party it will be a particular and poignant honour as many will have served alongside Prince William, and I am sure they will take great delight in being among the first to see His Royal Highness alongside his new bride."

The details emerged as the Queen and the duke were taken on a personal tour of RAF Valley by their grandson.

He showed them the equipment used by the helicopter crews to winch people to safety and told them about some of the rescues he had taken part in.

They also visited the Moran Building, a new training facility for Hawk pilots.

The Queen had been due to officially open the building in December, but was forced to cancel because of snow.

This time she was faced with winds of up to 50mph, prompting William to joke to her: "I was worried your hat would blow off."