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		<title>UPDATE 3-Brocade first qtr beats; says ethernet segment to grow</title>
		<link>http://natassamarkidou.com/update-3-brocade-first-qtr-beats-says-ethernet-segment-to-grow</link>
		<comments>http://natassamarkidou.com/update-3-brocade-first-qtr-beats-says-ethernet-segment-to-grow#comments</comments>
		<pubDate>Wed, 22 Feb 2012 23:04:22 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://natassamarkidou.com/update-3-brocade-first-qtr-beats-says-ethernet-segment-to-grow</guid>
		<description><![CDATA[Tue Feb 21, 2012 7:12pm EST * Q1 adj EPS $0.20 vs est $0.13 * Q1 rev up 3 pct at $561 mln vs est $542.4 mln * Sees Q2 adj EPS $0.11-$0.12 vs est $0.12 * Sees Q2 rev $530-$545 mln vs est $537 mln * Shares rise 7 pct after hours By Siddharth [...]]]></description>
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        <span class="timestamp">Tue Feb 21, 2012 7:12pm EST</span>
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<p><span class="focusParagraph">
<p>* Q1 adj EPS $0.20 vs est $0.13</p>
<p></span><span></span>
<p>* Q1 rev up 3 pct at $561 mln vs est $542.4 mln</p>
<p><span></span>
<p>* Sees Q2 adj EPS $0.11-$0.12 vs est $0.12</p>
<p><span></span>
<p>* Sees Q2 rev $530-$545 mln vs est $537 mln</p>
<p><span></span>
<p>* Shares rise 7 pct after hours</p>
<p><span></span>
<p>By <a href="http://blogs.reuters.com/search/journalist.php?edition=us&amp;n=siddharth.cavale&amp;">Siddharth Cavale</a> and <a href="http://blogs.reuters.com/search/journalist.php?edition=us&amp;n=nicola.leske&amp;">Nicola Leske</a></p>
<p><span></span>
<p>Feb 21 (Reuters) &#8211; Network gear maker Brocade<br />
Communications Systems Inc reported<br />
better-than-forecast quarterly results, helped by a rise in<br />
sales of its storage equipment products, and said it expects<br />
faster growth at the ethernet segment this year.</p>
<p><span></span>
<p>Shares of Brocade, which have rebounded more than 80 percent<br />
from their August 2011 lows, jumped 7 percent to $5.85 in<br />
after-hours trading on Tuesday.</p>
<p><span></span>
<p>The company expects its ethernet business to &#8220;fully outpace&#8221;<br />
the market in terms of year-over-year growth as many enterprise<br />
customers continue to build out their ethernet fabrics to keep<br />
pace with the growing demands of their data center networks.</p>
<p><span></span>
<p>In the first quarter, sales at the ethernet business, which<br />
contributes about 30 percent to total revenue, fell 18 percent<br />
sequentially, hurt by softness in federal sales and lower<br />
enterprise revenue.</p>
<p><span></span>
<p>&#8220;Q1 (for ethernet) was what it was and we are expecting to<br />
get back to growth in Q2 and beyond,&#8221; the company said.</p>
<p><span></span>
<p>Revenue rose 3 percent to $561 million in the quarter. Sales<br />
from the company&#8217;s storage segment grew 4 percent to $406.4<br />
million.</p>
<p><span></span>
<p>&#8220;They are very dependent on the U.S. economy, which is doing<br />
better. They have the right strategy but we&#8217;re in a risky<br />
environment,&#8221; analyst Edward Zabitsky of ACI Research said and<br />
added the company was also facing a lot of pressure from rivals<br />
like Cisco Systems.</p>
<p><span></span>
<p>The San Jose, California-based company forecast earnings of<br />
11 cents to 12 cents a share on revenue of $530 million to $545<br />
million for the second quarter.</p>
<p><span></span>
<p>Analysts, on average, were expecting the company to earn 12<br />
cents a share, on revenue of $537 million, according to Thomson<br />
Reuters I/B/E/S.</p>
<p><span></span>
<p>For the first quarter, the company posted an adjusted profit<br />
of 20 cents a share, 7 cents above the average analyst<br />
expectations.</p>
<p><span></span>
<p>Last month, Reuters reported the company had received<br />
first-round bids from a handful of potential buyers and hired<br />
Frank Quattrone&#8217;s Qatalyst Partners to focus on a deal that<br />
could result in a leveraged buyout.</p>
<p><span></span>
<p>Shares of Brocade, whose current sale process is the third<br />
since 2009, closed at $5.50 on the Nasdaq.</p>
<p><span></span></span>
<div style='margin-bottom:5px'>© 2011 REUTERS (<a href='http://www.reuters.com'>www.reuters.com</a>)</div>
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		<title>Judi Dench plays down concern over her sight</title>
		<link>http://natassamarkidou.com/judi-dench-plays-down-concern-over-her-sight</link>
		<comments>http://natassamarkidou.com/judi-dench-plays-down-concern-over-her-sight#comments</comments>
		<pubDate>Wed, 22 Feb 2012 20:04:22 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Entertainment]]></category>

		<guid isPermaLink="false">http://natassamarkidou.com/judi-dench-plays-down-concern-over-her-sight</guid>
		<description><![CDATA[Oscar-winning British actress Judi Dench, who has revealed she is suffering from a degenerative eye condition, played down concern over her sight on Monday, saying she was not going blind. In an interview published on Saturday, Dench said an age-related condition called macular degeneration meant she had lost part of her eyesight and struggled to [...]]]></description>
			<content:encoded><![CDATA[<p>Oscar-winning British actress Judi Dench, who has revealed she is suffering from a degenerative eye condition, played down concern over her sight on Monday, saying she was not going blind.</p>
<p>In an interview published on Saturday, Dench said an age-related condition called macular degeneration meant she had lost part of her eyesight and struggled to read film scripts or see people sitting in front of her.</p>
<p>The admission led to widespread media speculation about the 77-year-old actress. &quot;In response to the numerous articles in the media concerning my eye condition &mdash; macular degeneration &mdash; I do not wish for this to be overblown,&quot; Dench said.</p>
<p>&quot;This condition is something that thousands and thousands of people all over the world are having to contend with. It&#8217;s something that I have learnt to cope with and adapt to &mdash; and it will not lead to blindness.&quot;</p>
<p>															Article continues below</p>
<div style='margin-bottom:5px'>© 2011 Gulf News (<a href='http://www.gulfnews.com'>www.gulfnews.com</a>)</div>
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		<title>Sales-Tax Measures               &#8216;to Cost Us Big&#8217;</title>
		<link>http://natassamarkidou.com/sales-tax-measures-to-cost-us-big</link>
		<comments>http://natassamarkidou.com/sales-tax-measures-to-cost-us-big#comments</comments>
		<pubDate>Wed, 22 Feb 2012 17:04:22 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://natassamarkidou.com/sales-tax-measures-to-cost-us-big</guid>
		<description><![CDATA[By ANGUS LOTEN Amazon.com wants to bring order to the way online retailers collect state and local taxes. And that has Web entrepreneur Stacy Strawn feeling anxious. Under a 1992 Supreme Court ruling, online retailers including her aren&#8217;t required to collect sales tax for purchases made in states where they do not have a physical [...]]]></description>
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<h3 class="byline">By <a href="/search/term.html?KEYWORDS=ANGUS+LOTEN&amp;bylinesearch=true">ANGUS LOTEN</a><br />
            </h3>
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<p>
                <a href="/public/quotes/main.html?type=djn&amp;symbol=AMZN" class="companyRollover link11unvisited">Amazon.com</a> wants to bring order to the way online retailers collect state and local taxes. And that has Web entrepreneur Stacy Strawn feeling anxious.</p>
<p><a name="U5032346468717LC"></a>
<p>Under a 1992 Supreme Court ruling, online retailers including her aren&#8217;t required to collect sales tax for purchases made in states where they do not have a physical presence.</p>
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<p>                <cite>Pat Jarrett for The Wall Street Journal</cite></p>
<p class="targetCaption">Stacey Strawn says proposed online sales-tax rules would hurt her Silver Gallery: &#8216;The big retailers will eventually take over online shopping.&#8217; </p>
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<p class="targetCaption">Amazon is backing new sales-tax proposals but some small businesses are worried it may hurt them in the end, Stu Woo reports on digits. Photo: AP.</p>
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<p>But Ms. Strawn, and others like her who operate with just a dozen or so employees, would have to begin collecting and remitting taxes for the more than 40 states that currently charge sales and use taxes, along with thousands of cities and counties across the country, as set forth by a Senate proposal unveiled last month. </p>
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<p>That proposal, which has the support of Amazon, includes an exception for small-business retailers with less than $500,000 in annual &#8220;remote&#8221; sales&#8212;a sum so low that it wouldn&#8217;t even cover Ms. Strawn&#8217;s employees&#8217; wages. </p>
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<p>&#8220;These are the most small-business-unfriendly measures I&#8217;ve seen in years,&#8221; said Ms. Strawn, whose Waynesboro, Va., store, Silver Gallery, sells sterling-silver bowls, cups and jewelry. &#8220;This is going to cost us big.&#8221;</p>
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<p>Ms. Strawn isn&#8217;t entirely sure what the cost to her business would be. A 2006 PriceWaterhouseCoopers study found local and state tax compliance costs small retailers 13.47% of all sales tax collected, compared to 2.17% for large retailers. </p>
<p><a name="U503234646871TYE"></a>
<p>The concerns voiced by Ms. Strawn and other small online retailers highlight a new point of contention in the debate over taxing Internet sales&#8212;the so-called small-business exemption in federal proposals is now so small that even  many small fry aren&#8217;t protected. </p>
<p><a name="U503234646871KMG"></a>
<p>&#8220;The Internet is the only place where someone like us can be next door to an Amazon,&#8221; Ms. Strawn said. &#8220;If they don&#8217;t do something, the big retailers will eventually take over online shopping. And that would be a huge loss.&#8221;</p>
<p>Nearly all of the Silver Gallery&#8217;s $3 million in revenue last year came from online sales. The store currently has seven full-time employees, but she may have to cut some jobs as a way to deal with the added costs. </p>
<p>Legislation that would require online retailers to collect state taxes has been proposed in each of the past seven Congresses, including House and Senate bills in 2007 that set the small-business exemption at a much more generous $5 million in annual sales.</p>
<p><a name="U503234646871FOD"></a>
<p>Amazon&#8217;s willingness to get behind the proposals&#8212;combined with pressure from states for new sources of tax revenue, and bipartisan efforts in the House and Senate&#8212;has given the movement more traction this year.</p>
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<p>                <cite>Pat Jarrett for The Wall Street Journal</cite></p>
<p class="targetCaption">Employee Stephanie Cooke takes orders.</p>
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<p>Last month, the world&#8217;s largest online retailer expressed support for a Senate bill calling for standardized federal rules that would require online retailers to collect out-of-state sales taxes&#8212;with a $500,000 exemption for small retailers. Paul Misener, Amazon&#8217;s vice president of public policy, said at a House Judicial Committee hearing Wednesday that any small-business exemption must be kept low to protect states&#8217; rights to collect taxes, while leveling the playing field between online retailers and their brick-and-mortar competitors that already collect state taxes&#8212;typically reflected as higher sticker prices. &#8220;No one should want these online sellers to take advantage of a newly created un-level playing field over small Main Street businesses, and no one should want government to pick business-model winners and losers this way,&#8221; Mr. Misener said.</p>
<p><a name="U503234646871TLH"></a>
<p>&#8220;Amazon is prepared to make its technology available as a service to help sellers by collecting sales tax for them,&#8221; he added. </p>
<p><a name="U503234646871DKF"></a>
<p>Other supporters of the proposals include brick-and-mortar-only retailers who believe the standardization will help create a more level playing field overall in the retail industry. Without a state sales tax, online retailers &#8220;have nearly a 10% discount automatically,&#8221; contends Maggie Jetter, owner of Tweed Baby Outfitters, a baby goods and apparel store in Nashville, Tenn., that doesn&#8217;t sell its wares online. &#8220;We&#8217;re doing the same thing, offering the same products, so the law needs to be reformed and updated,&#8221; she says.</p>
<p>Online retail sales in the U.S. grew 13% to $176 billion last year, and are expected to grow by 12% to $197 billion in 2011, according to Forrester Research.</p>
<p>The University of Tennessee estimates that states and local governments will lose up to about $12 billion in 2012 from uncollected sales taxes.</p>
<p><a name="U503234646871ISG"></a>
<p>
                Tod Cohen, vice president, eBay Government Relations, said in testimony Wednesday that the company believes the U.S. Small Business Administration should be the one to determine which small business retailers would be exempt. Forcing small businesses to take on the same costs and tax burdens as national retail businesses is unrealistic, unfair and will &#8220;unbalance the playing field&#8221; between giant retailers and small-business retailers on the Internet, Mr. Cohen said at Wednesday&#8217;s hearing. </p>
<p><a name="U503234646871NGC"></a>
<p>The SBA defines most small retailers as those making less than $7 million in annual revenue. In some categories, businesses such as women&#8217;s clothing, book and games stores are considered small businesses if they have revenue of less than $25 million, according to the agency.</p>
<p><a name="U5032346468717SG"></a>
<p>Some small and midsize retailers argue they may have to raise their prices to cover the costs of complying with a slew of new state taxes, under the proposed standardized federal rules. The risk is that shoppers looking for the best prices may then move their purchasing to larger sites that can absorb the added costs, said Joe Sponholz, president of BabyAge.com, a Wilkes-Barre, Pa.-based online baby products retailer with 29 full-time employees.</p>
<p>&#8220;It&#8217;s not the start-ups or the Amazons of the world you have to worry about here. It&#8217;s all the guys in the middle,&#8221; said Mr. Sponholz, whose company recently built a distribution center in Nevada rather than California, to avoid paying state sales taxes. He says the $500,000 sales limit will only help very small retailers who have yet to develop a truly national reach. </p>
<p>A House bill introduced in October is also limited in the number of small businesses it would exempt. It makes an exception for those whose out-of-state sales are less than $100,000 in any one state, or a total of $1 million nationwide.</p>
<p><cite class="tagline">&mdash;Stu Woo contributed to this article.</cite>
<p>
                <strong>Write to </strong>                Angus Loten at <a class="" href="mailto:angus.loten@wsj.com">angus.loten@wsj.com</a>
            </p>
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<div style='margin-bottom:5px'>© 2011 Wall Street Journal (<a href='http://www.wsj.com'>www.wsj.com</a>)</div>
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		<title>&#8220;Show trial&#8221; for conscientious objector</title>
		<link>http://natassamarkidou.com/show-trial-for-conscientious-objector</link>
		<comments>http://natassamarkidou.com/show-trial-for-conscientious-objector#comments</comments>
		<pubDate>Wed, 22 Feb 2012 14:04:22 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://natassamarkidou.com/show-trial-for-conscientious-objector</guid>
		<description><![CDATA[&#8220;Show trial&#8221; for conscientious objectorFelix Corley (&#34;Forum 18 News Service,&#34; February 16, 2012) Ashgabad, Turkmenistan &#8211; Senior school students were taken to a court house in Turkmenistan&#8217;s capital Ashgabad [Ashgabat] for what one fellow Jehovah&#8217;s Witness described to Forum 18 News Service as a &#8220;show trial&#8221; for their latest conscientious objector. Akmurad Nurjanov was given [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;Show trial&#8221; for conscientious objectorFelix Corley (&quot;Forum 18 News Service,&quot; February 16, 2012)</p>
<p>Ashgabad, Turkmenistan &#8211; Senior school students were taken to a court house in Turkmenistan&#8217;s capital Ashgabad [Ashgabat] for what one fellow Jehovah&#8217;s Witness described to Forum 18 News Service as a &#8220;show trial&#8221; for their latest conscientious objector. Akmurad Nurjanov was given a one-year suspended prison sentence on 13 February for refusing compulsory military service. &#8220;Taking them to the trial appears to have been designed as a warning of what will happen to the young men if they refuse military service,&#8221; the Jehovah&#8217;s Witness told Forum 18. At a ten-minute hearing the following day, Ashgabad City Court rejected in his absence the appeal of fellow Jehovah&#8217;s Witness Vladimir Nuryllayev against his four-year prison term on charges of &#8220;spreading pornography&#8221; which members of his community insist were fabricated to punish him for his religious affiliation.</p>
<p>Meanwhile, Forum 18 has learnt of another religious believer refused permission to leave Turkmenistan for religious studies in another former Soviet republic.</p>
<p>The woman who answered the phone on 15 February of the secretary of Yazdursun Gurbannazarova, Director of the government&#8217;s National Institute for Democracy and Human Rights in Ashgabad, told Forum 18 it was a wrong number. Other numbers at the Institute went unanswered.</p>
<p>The telephone of Gurbanberdy Nursakhatov, Deputy Chair of the government&#8217;s Gengesh (Council) for Religious Affairs in Ashgabad, also went unanswered on 15 February.</p>
<p>Trial</p>
<p>Nurjanov, who is from Ashgabad, refused military service on grounds of his religious faith. Turkmenistan has no alternative to military service, which is compulsory for all young men. His 13 February trial took place at Azatlyk District Court, an official of the court confirmed to Forum 18 on 15 February. But the official â who would not give her name &#8211; declined to give any further details on the case or why school students were brought along to attend the trial.</p>
<p>Like other sentenced conscientious objectors, Nurjanov was convicted under Article 219, Part 1 of the Criminal Code. This punishes refusal to serve in the armed forces in peacetime with a maximum penalty of two years&#8217; imprisonment. Turkmenistan has ignored international calls for conscientious objector prisoners to be freed and a civilian alternative service to be introduced.</p>
<p>However, unlike most other conscientious objectors, Nurjanov was given a suspended sentence rather than a term of imprisonment. Jehovah&#8217;s Witnesses speculated that the presence of many school students might have led the authorities to choose a non-custodial sentence.</p>
<p>It remains unclear what restrictions Nurjanov will be required to live under as he serves his suspended sentence. Others who received suspended sentences have faced tight restrictions. They cannot leave their home town without special permission and must be back home each evening by 8 pm. They must also find work.</p>
<p>Another Jehovah&#8217;s Witness is still believed to be serving a suspended sentence under Article 219, Part 1: Denis Petrenko, given a two year suspended sentence in Ashgabad in April 2010. This required him to live under some restrictions at home and report regularly to the authorities.</p>
<p>Imprisoned conscientious objectors</p>
<p>The five current known imprisoned Jehovah&#8217;s Witness conscientious objectors sentenced under Article 219, Part 1 are: Ahmet Hudaybergenov, 18 months, Turkmenabad Court, September 2010; Sunet Japbarov, 18 months, Turkmenabad Court, December 2010; Matkarim Aminov, 18 months, Dashoguz Court, December 2010; Dovran Matyakubov, 18 months, Dashoguz Court, December 2010; and Mahmud Hudaybergenov, 2 years, Dashoguz Court, August 2011. All five are being held at the general regime labour camp in the desert near the town of Seydi in the eastern Lebap Region.</p>
<p>Also held in the same camp is another religious prisoner of conscience, Protestant Pastor Ilmurad Nurliev. He leads Light to the World Protestant Church in the town of Mary and was given a four-year prison sentence in October 2010 on charges of swindling, which members of his congregation insist were fabricated to punish him for leading his unregistered church.</p>
<p>Freed from Seydi</p>
<p>Conscientious objector Dovleyet Byashimov was freed from Seydi on 28 January at the end of his 18-month sentence, Jehovah&#8217;s Witnesses told Forum 18. Arrested and sentenced in Turkmenabad (formerly Charjew) in August 2010, he was the victim of brutality in prison. When his parents were allowed a short meeting with their son in Turkmenabad prison in early September 2010, just weeks after his trial, they &#8220;saw that he had been beaten black and blue,&#8221; Jehovah&#8217;s Witnesses told Forum 18.</p>
<p>Another Jehovah&#8217;s Witness conscientious objector, Aziz Roziev, was freed from Seydi on 4 February on the completion of his 18-month sentence.</p>
<p>Three other former religious prisoners of conscience â who all completed sentences at the Seydi camp in summer 2011 &#8211; revealed that solitary confinement and beatings were routine treatment within the camp.</p>
<p>10-minute appeal fails</p>
<p>Fellow Ashgabad Jehovah&#8217;s Witness Nuryllayev failed in his appeal at Ashgabad City Court on 14 February, Jehovah&#8217;s Witnesses told Forum 18. Arrested in November 2011, several weeks after police seized his religious literature and his computer, he was accused of &#8220;spreading pornography&#8221; under Criminal Code Article 164, Part 2. He was tried on 18 January at Ashgabad&#8217;s Azatlyk District Court, found guilty and sentenced to four years&#8217; imprisonment. His family and friends were not told in advance that the trial was taking place.</p>
<p>At the 14 February appeal hearing, Nuryllayev&#8217;s lawyer insisted on his behalf that the charges against him of distributing pornographic films had been fabricated. The lawyer pointed out that no official witnesses had been present as required when Nuryllayev&#8217;s computer was taken and also that the statements by the two men who alleged that he had given them pornographic films had been identical, suggesting they had been dictated by the police.</p>
<p>However, after the ten-minute hearing, the panel of three judges rejected Nuryllayev&#8217;s appeal. The written judgment is expected to be handed down on 22 February.</p>
<p>Only six people attended the appeal hearing: the three judges, the prosecutor Meretdurdieva (first name unknown), Nuryllayev&#8217;s lawyer and one Jehovah&#8217;s Witness. &#8220;Many community members came to the court house, but they wouldn&#8217;t let them in,&#8221; Jehovah&#8217;s Witnesses told Forum 18. &#8220;Eventually they allowed them into the building but not into the courtroom. The presiding Judge screamed at those who had come, asking who had allowed them off work and telling them to leave. She screamed at one of them who managed to get in to leave her courtroom, but the Jehovah&#8217;s Witness insisted on staying.&#8221;</p>
<p>As during the initial trial, neither of the two men who alleged Nuryllayev had given them pornographic films was present at the appeal hearing.</p>
<p>Nuryllayev was not even brought for the appeal from the pre-trial detention centre in Yashlyk, 40 kms (25 miles) south-east of Ashgabad, where he has been held since his arrest in November 2011. Jehovah&#8217;s Witnesses said he has apparently become pale since his arrest but does not appear to have been maltreated. &#8220;They seem to be afraid of touching him,&#8221; they told Forum 18.</p>
<p>Is latest exit ban legal?</p>
<p>Meanwhile, another religious believer was denied permission to leave Turkmenistan in late 2011, Forum 18 has learnt. The Migration Service at Ashgabad airport prevented the individual from leaving for another former Soviet republic where further religious studies were planned. Officials gave no reason for preventing the individual from boarding the aeroplane for which a ticket had already been bought. &#8220;Go to the National Security Ministry [secret police] in your home district â they&#8217;ll tell you why you have been banned from leaving,&#8221; Migration Service officials told the individual.</p>
<p>The individual is from a non-Muslim religious community and lives away from the capital. However, friends asked Forum 18 not to identify the individual to prevent further state harassment.</p>
<p>Turkmenistan operates a secret exit blacklist and often prevents individuals whose activity it does not like from leaving the country. A number of active religious believers are known to be on the list.</p>
<p>Turkmenistan&#8217;s 2005 Migration Law declares in Article 26: &#8220;Every citizen of Turkmenistan has the right to leave Turkmenistan and enter Turkmenistan. A citizen of Turkmenistan cannot be deprived of the right to leave Turkmenistan or enter Turkmenistan.&#8221; Article 32 of the Law allows for &#8220;temporary&#8221; restriction of this right, including for those awaiting criminal trial, those under police supervision, and those in possession of state secrets. The eleventh reason for denying the right to leave is for those whose exit &#8220;contradicts Turkmenistan&#8217;s national security interests&#8221;, a category which is not defined.</p>
<p>Officials only rarely explain to those they have barred from leaving why the move was taken.</p>
<div style='margin-bottom:5px'>Published by: WorldWide Religious News (<a href='http://wwrn.org'>wwrn.org</a>)</div>
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		<title>Markets mixed on Greece bailout</title>
		<link>http://natassamarkidou.com/markets-mixed-on-greece-bailout</link>
		<comments>http://natassamarkidou.com/markets-mixed-on-greece-bailout#comments</comments>
		<pubDate>Wed, 22 Feb 2012 11:04:22 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://natassamarkidou.com/markets-mixed-on-greece-bailout</guid>
		<description><![CDATA[Financial markets have given a mixed reaction to the announcement of a second bailout deal for Greece. The Dow Jones in New York briefly topped the 13,000 mark for the first time since May 2008 before closing nearly flat, while markets in London, Frankfurt and Paris all fell slightly. The euro was little changed from [...]]]></description>
			<content:encoded><![CDATA[<p class="introduction">Financial markets have given a mixed reaction to the announcement of a second bailout deal for Greece.</p>
<p>The Dow Jones in New York briefly topped the 13,000 mark for the first time since May 2008 before closing nearly flat, while markets in London, Frankfurt and Paris all fell slightly.</p>
<p>The euro was little changed from Monday&#039;s closing price.</p>
<p>Shares across Europe rose on Monday in anticipation of a deal being reached, with bank shares doing well.</p>
<p>Europe&#039;s banking industry has been bolstered by support from the European Central Bank.</p>
<p>In the latest bailout deal, Greece is to receive loans worth more than 130bn euros (Â£110bn; $170bn).</p>
<p>In return, it will undertake to reduce its debts to 120.5% of its GDP by 2020 and accept an &quot;enhanced and permanent&quot; presence of EU monitors to oversee economic management.</p>
<p>Greece needs the funds to avoid bankruptcy on 20 March, when maturing loans must be repaid.</p>
<p>&quot;Effectively Europe&#039;s banks have been given almost half-a-trillion euros at 1%, very cheap money that has sort of ring-fenced the banks from the crisis. The thinking is that banks will not go bust if Greece fails,&quot; said Louise Cooper, market analyst at BGC Partners.</p>
<p>But she said few in the markets thought the latest bailout was the answer.</p>
<p>&quot;This just puts off the inevitable. It&#039;s the second deal in two years. You&#039;re talking almost 20,000 euros per person [in Greece] in total bailout funds and even that amount has not solved Greece&#039;s problems. That suggests the money has not been well spent,&quot; she added.</p>
<p>&quot;It [the deal] probably avoids a messy and chaotic default on 20 March, there are still a lot of steps to go through before then, but does it solve any of its problems? No.&quot; </p>
<p>Also on Tuesday, Bank of Cyprus, the island&#039;s largest lender, unveiled a 1bn euro loss for 2011.</p>
<p>The bank said the cost reflected a 60% writedown in the value of Greek bonds it holds.</p>
<div style='margin-bottom:5px'>© 2011 BBC News (<a href='http://www.bbc.co.uk'>www.bbc.co.uk</a>)</div>
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		<title>Employers Put Executive Job Candidates to the Test</title>
		<link>http://natassamarkidou.com/employers-put-executive-job-candidates-to-the-test-2</link>
		<comments>http://natassamarkidou.com/employers-put-executive-job-candidates-to-the-test-2#comments</comments>
		<pubDate>Wed, 22 Feb 2012 08:11:03 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://natassamarkidou.com/employers-put-executive-job-candidates-to-the-test-2</guid>
		<description><![CDATA[David Elkins jumped through a lot of hoops before Becton, Dickinson &#38; Co. hired him as its chief financial officer in December 2008. After eight interviews with company officials, he underwent an executive &#8220;assessment.&#8221; The day-long process included a business-simulation exercise involving role playing, a two-hour session with an educational psychologist and online personality tests [...]]]></description>
			<content:encoded><![CDATA[<div class="article story">
<div class="articlePage">
<p>
                David Elkins jumped through a lot of hoops before <a href="/public/quotes/main.html?type=djn&amp;symbol=BDX" class="companyRollover link11unvisited">Becton, Dickinson &amp; Co</a>. hired him as its chief financial officer in December 2008. After eight interviews with company officials, he underwent an executive &#8220;assessment.&#8221;</p>
<p>The day-long process included a business-simulation exercise involving role playing, a two-hour session with an educational psychologist and online personality tests that gauged key traits such as strategic thinking. Becton says it assessed 95 internal and external prospects for executive posts last year, up from six in 2008. (The increase was not related to additional executive hiring.) </p>
</p>
<div class="insetCol3wide">
<div class="insetContent">
<h3 class="first">Stressful Surprises Often Lurk in Assessment Simulations</h3>
<p>Sample scenarios of these role-playing sessions:</p>
</p>
<ul>
<li><span>You must discuss a joint-venture opportunity with a direct report. He brings up new issues that complicate things.</span></li>
<li><span>You prepare a three-year strategic presentation ahead of a session with the chief operating officer, your supervisor. At the outset, you learn a competitor is unexpectedly buying another rival.</span></li>
<li><span>You must deal with a frustrated customer, who starts yelling at you.</span></li>
<li><span>You&#8217;re given a sandwich and 30 minutes for lunch. Five minutes later, you&#8217;re interrupted with fresh demands from your fictional boss. </span></li>
</ul>
</p></div>
</div>
<p>&#8220;Getting the right people is paramount to what we&#8217;re trying to do now,&#8221; explains Thomas Ruddy, vice president of talent management at the medical-technology concern. Becton expanded its use of assessments after gaining confidence in their value, says Colleen White, a company spokeswoman. </p>
<p>Management assessments are booming again as companies scramble to find the best leaders amid a hiring rebound. &#8220;Our U.S. executive-assessment business increased more than 30% in 2010,&#8221; says Matt Paese, a vice president of Development Dimensions International. The human-resources consultancy is a major provider of assessments for picking or promoting top managers. Major rivals such as PDI Ninth House describe similar recent gains. </p>
<p>About 72% of 516 employers now use assessments to help make executive promotion decisions, nearly twice the proportion doing so in a 2010 survey, reports Aberdeen Group, a market-research firm. Those polled this year said their evaluations comprise a variety of cognitive, behavioral, simulation and motivational tests.</p>
<p>Assessing a C-suite candidate can cost up to $30,000 and last two days. Outside experts typically handle assessments. Their psychological interviews probe deeply into a person&#8217;s strengths and weaknesses. &#8220;It&#8217;s far more comprehensive than any job interview,&#8221; says Stuart Crandell, a senior vice president of PDI Ninth House, a leadership consultancy in Minneapolis. </p>
<p>During a simulation, an individual plays the part of an executive of a fictional company who must deal with a pretend boss, subordinate or customer to solve a difficult dilemma. Participants almost never get eliminated solely due to poor performance on online tests, typically taken from home. Employers receive written reports about the evaluation. </p>
<p>Nonetheless, prospective executives can easily veer off track. Managers sometimes knock themselves out of the race because they mistakenly try to &#8220;ace&#8221; a process where there rarely are right answers. </p>
<p>Experts say candidates should do their homework about the screening process, the assessor and their roles in deciding the outcome. They also should ask upfront for feedback regardless of the outcome, </p>
<p>Prospects eager to &#8220;learn about themselves through these exercises are prone to be viewed stronger than others,&#8221; notes Stephen P. Mader, a vice chairman of recruiters <a href="/public/quotes/main.html?type=djn&amp;symbol=KFY" class="companyRollover link11unvisited">Korn/Ferry International</a>. He feels that the ability to learn fast represents an important factor in the success of a leader in a new role. </p>
<p>Earlier this year, Mr. Paese of <a href="/public/quotes/main.html?type=djn&amp;symbol=DDIC" class="companyRollover link11unvisited">DDI</a> assessed an applicant hoping to become a regional executive for a global management consultancy. The man didn&#8217;t request feedback, so he never learned that he lacked sufficient experience handling clients with difficult demands, according to Mr. Paese. He didn&#8217;t land the job. </p>
<p>Careful preparation counts at Becton, too. Mr. Ruddy says he encourages aspiring executives to spend six to eight hours getting ready for the simulation portion of an assessment. Mr. Elkins prepared over a weekend after he received a broad overview of his simulation exercise. </p>
<p>His simulation: figuring out whether a fictitious consumer-products company &#8220;had the wrong people executing the right strategy.&#8221; Complicating things, role players unexpectedly supplied additional details on the day of his exercise. </p>
<p>Potential executives should try to keep their cool during a simulation because companies prefer bosses &#8220;who don&#8217;t get anxious in a situation like this,&#8221; notes Dan Zdon, executive vice president and chief operating officer of Liberty Diversified International Inc. in Minneapolis.</p>
<p>Easier said than done. Mr. Zdon says he felt too nervous to eat lunch during his first Liberty simulation in late 2000. But he did fine anyway. Since then, he has used assessments to fill 50 executive positions for the diversified manufacturer over the past decade. </p>
<p>Three years ago, a middle manager seeking a C-suite promotion at a conglomerate abrasively challenged the outside assessor, recalls John Beeson, principal (CQ) of Beeson Consulting Inc., the New York firm that screened him. &#8220;Losing composure under stress cost the person the job,&#8221; Mr. Beeson says. Maintaining poise during a stressful assessment can be more important than an individual&#8217;s answers, according to PDI&#8217;s Mr. Crandell. </p>
<p>Stretching the truth during the psychological interview also could crimp candidates&#8217; chances. &#8220;The best thing you can do is not fake people out,&#8221; advises Steve Kelner, a leader of the executive-assessment practice at recruiters Egon Zehnder International. He sometimes sees introverts &#8220;try to come across as extroverts,&#8221; while other executives claiming to be change leaders simply follow orders.</p>
<p>Trained as a motivational psychologist, Dr. Kelner assessed the sales vice president of a U.S. biotech company for a possible promotion a few years ago. She exaggerated her ability to coach lieutenants, according to Dr. Kelner. Three subordinates told him, &#8220;She&#8217;s a great leader. Just take her word for it.,&#8221; indicating they didn&#8217;t view her as a great leader. </p>
<p>Dr. Kelner says he warned the woman&#8217;s boss that &#8220;she is not as good as she thinks she is,&#8221; and cited her high staff turnover. The sales executive soon took early retirement. </p>
<p>It&#8217;s equally difficult to walk the fine line between answering honestly and divulging irrelevant personal details during an assessment. Asked about their leadership values, some executives describe being abandoned by their parents at a young age, says Sandra Davis, chief executive of MDA Leadership Consulting in Minneapolis. &#8220;I am not looking for personal, private stories.&#8221; </p>
<p>
                Dee Soder, managing partner of CEO Perspective Group in New York, has assessed executives who mention a romantic affair as the reason they quit a job. &#8220;Don&#8217;t tell me you had an affair,&#8221; she warns. &#8220;It&#8217;s going to set off all kinds of alarm bells.&#8221;</p>
<p>On the other hand, a senior executive disclosed the challenge of growing up with an alcoholic mother during her six-hour assessment interview for the No. 1 spot at a financial-services company in 2009. &#8220;I let it all hang out,&#8221; she recollects. </p>
<p>The revelation apparently made a positive impression. The company offered her its CEO job. The executive turned down the offer, however. &#8220;The fit wasn&#8217;t quite right,&#8221; she says. </p>
<p>
                <strong>Write to </strong>                Joann S. Lublin at <a class="" href="mailto:joann.lublin@wsj.com">joann.lublin@wsj.com</a>
            </p>
<p><!-- article end -->
</div>
</div>
<div style='margin-bottom:5px'>© 2011 Wall Street Journal (<a href='http://www.wsj.com'>www.wsj.com</a>)</div>
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		<title>How to Value Stocks? Ignore Economic News</title>
		<link>http://natassamarkidou.com/how-to-value-stocks-ignore-economic-news-2</link>
		<comments>http://natassamarkidou.com/how-to-value-stocks-ignore-economic-news-2#comments</comments>
		<pubDate>Wed, 22 Feb 2012 05:11:03 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://natassamarkidou.com/how-to-value-stocks-ignore-economic-news-2</guid>
		<description><![CDATA[The stock market jumped 6% last week on growing hopes of an imminent economic recovery. It has risen 39% from the March lows on similar hopes. Of course, it had previously fallen nearly 60% on fears of a slump. All these moves have one thing in common: Millions of investors have acted on the belief [...]]]></description>
			<content:encoded><![CDATA[<div class="article story">
<div class="articlePage">
<p>The stock market jumped 6% last week on growing hopes of an imminent economic recovery. It has risen 39% from the March lows on similar hopes. Of course, it had previously fallen nearly 60% on fears of a slump.</p>
<p>All these moves have one thing in common: Millions of investors have acted on the belief that share values are closely related to what will happen in the economy in the next few months and years. But are they right?</p>
<p>Not according to Ben Inker, director of asset allocation at contrarian fund company Grantham Mayo Van Otterloo &amp; Co. In a recent and fascinating note (&#8220;Valuing Equities in an Economic Crisis, or How I Learned to Stop Worrying about the Economy and Love the Stock Market&#8221;), Mr. Inker persuasively argues that the next moves in the economy shouldn&#8217;t actually matter too much to investors at all.</p>
<p>Why? Two reasons.</p>
<p>First, because most of the value of shares really depends on the cash they will generate many years, even decades, ahead. The next few years are only a minuscule part of the equation. &#8220;Since stocks do not have an expiration date and dividends grow over time,&#8221; Mr. Inker argues, &#8220;the duration of stocks is extremely long. If we assume that half of the return from stocks in a given year comes from the dividends and half from the growth in dividends, most of the value of stocks comes from cash flows in the distant future.&#8221;</p>
<p>How distant? Using Mr. Inker&#8217;s hypothesis, it turns out that about 75% of the value of shares is actually based on dividends that will be paid more than eleven years from now. Half the value is based on dividends to be paid after 25 years, and a quarter on those to be paid after about 50 years.</p>
<p>In other words, when you look at the market today, three quarters of its true value is based on what companies will earn and pay out after 2020 and half is based on what they will do after 2034. So really, how much attention should you pay to next quarter&#8217;s earnings?</p>
<p>This is counterintuitive to most investors. Mr. Inker does not go into his math in detail, but some simple calculations may illustrate the point. Imagine, in a perfect world of smooth returns, you buy a $100 basket of shares today with a 7% earnings yield. They pay out half these annual earnings in dividends, and reinvest the rest to grow. In the first year you have a $100 investment earning $7 and paying $3.50 in dividends. In year two that&#8217;s grown to a $103.50 investment earning $7.25 and paying about $3.62 in dividends. And so it goes over time. After 10 years your investment has grown to $141 and the dividends are $4.94. By year 25 the investment is worth $236, and the dividends are $8.27. If you look out 100 years, your investment is worth a remarkable $3,119 and the dividends are $109, or more than the original purchase price.</p>
<p>You probably won&#8217;t hold on till then. (Your grandchildren might not, either.) But the value of that soaring income stream is built into the price we pay when we buy shares today for $100, and sell them 25 years from now for $236. Even after discounting future earnings &#8212; a dollar next year is worth slightly less than this year, and so on &#8212; these distant earnings form an incredibly large part of today&#8217;s value, simply because they are so large.</p>
<p>There is a second reason for not paying too much attention to the economy&#8217;s next move. No matter what happens next month or next year, sooner or later the economy will probably find its way back onto its long-term path anyway. If we now boom wildly, we&#8217;ll pay for it with weaker growth down the line. And if things are bad for a while, eventually they&#8217;ll pick up. That can be true even for devastating blows. GMO&#8217;s calculations show that by the late 1940s, Mr. Inker writes, the U.S. economy had returned to the long-term growth path &#8220;as if the Depression had never happened.&#8221; And that was even true by the late 1950s for West Germany after the devastation of the Second World War.</p>
<p>This sort of analysis is a useful antidote to stock market moods.</p>
<p>Wall Street is back on its happy pills again. At some point, maybe even soon, brokers may start urging us to pay too much for stocks on the basis of this year&#8217;s economic growth or next. Canny investors may respond: But what about 2034?</p>
<p><strong>Write to</strong> Brett Arends at <a class="" href="mailto:brett.arends@wsj.com">brett.arends@wsj.com</a> </p>
<p><!-- article end -->
</div>
</div>
<div style='margin-bottom:5px'>© 2011 Wall Street Journal (<a href='http://www.wsj.com'>www.wsj.com</a>)</div>
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		<title>House Republicans seek more documents in Solyndra probe</title>
		<link>http://natassamarkidou.com/house-republicans-seek-more-documents-in-solyndra-probe</link>
		<comments>http://natassamarkidou.com/house-republicans-seek-more-documents-in-solyndra-probe#comments</comments>
		<pubDate>Wed, 22 Feb 2012 02:11:03 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://natassamarkidou.com/house-republicans-seek-more-documents-in-solyndra-probe</guid>
		<description><![CDATA[Fri Feb 17, 2012 6:24pm EST * &#8220;Project Amp&#8221; received $1.4 bln loan guarantee * Solyndra bid on supplying rooftop project * GOP: deal was lifeline for struggling company * Energy Dept says Republicans distorting facts By Roberta Rampton WASHINGTON, Feb 17 (Reuters) &#8211; Republican lawmakers alleged on Friday that the Energy Department used a [...]]]></description>
			<content:encoded><![CDATA[<p><span><br />
<span></span></p>
<div>
<p>
        <span class="timestamp">Fri Feb 17, 2012 6:24pm EST</span>
        </p>
</p></div>
<p><span class="focusParagraph">
<p>* &#8220;Project Amp&#8221; received $1.4 bln loan guarantee</p>
<p></span><span></span>
<p>* Solyndra bid on supplying rooftop project</p>
<p><span></span>
<p>* GOP: deal was lifeline for struggling company</p>
<p><span></span>
<p>* Energy Dept says Republicans distorting facts</p>
<p><span></span>
<p>By <a href="http://blogs.reuters.com/search/journalist.php?edition=us&amp;n=roberta.rampton&amp;">Roberta Rampton</a></p>
<p><span></span>
<p>WASHINGTON, Feb 17 (Reuters) &#8211; Republican lawmakers<br />
alleged on Friday that the Energy Department used a loan<br />
guarantee to a massive rooftop solar project as part of a<br />
last-ditch effort to bail out Solyndra, a solar panel maker that<br />
later failed.</p>
<p><span></span>
<p>The Energy Department denied the claims. The White House has<br />
said House Republicans are distorting the facts in the interest<br />
of politics.</p>
<p><span></span>
<p>The House Energy and Commerce Committee asked Energy<br />
Secretary Steven Chu to provide internal documents about the<br />
relationship between Solyndra and &#8220;Project Amp,&#8221; the largest<br />
U.S. project to install solar panels on commercial rooftops.</p>
<p><span></span>
<p>&#8220;We have questions about Solyndra&#8217;s involvement in Project<br />
Amp, and what role Solyndra&#8217;s involvement played in DOE&#8217;s<br />
decision&#8221; to give the rooftop project a loan guarantee, U.S.<br />
Republican Representative Fred Upton, chairman of the Energy and<br />
Commerce Committee, and U.S. Republican Representative Cliff<br />
Stearns, who is leading the probe, said in a letter to Chu.</p>
<p><span></span>
<p>It&#8217;s the latest twist in the Republicans&#8217; year-long probe<br />
into Solyndra, which filed for bankruptcy in September 2011<br />
despite receiving a $535 million government loan guarantee.</p>
<p><span></span>
<p>The California company&#8217;s failure has been an embarrassment<br />
for the White House after President Barack Obama visited the<br />
firm in 2010. His administration has promoted clean energy as<br />
one way to create jobs.</p>
<p><span></span>
<p>Republicans have used the failed investment in stump<br />
speeches and television attack ads to criticize Obama&#8217;s energy<br />
and economic policies. In their investigation, lawmakers have<br />
tried to show that the government should have cut its losses<br />
earlier in the project.</p>
<p><span></span>
<p>The Energy Department denied that a $1.4 billion loan<br />
guarantee given to Project Amp was tied to Solyndra.</p>
<p><span></span>
<p>&#8220;As has consistently been the case in the course of this<br />
committee&#8217;s year-long political investigation, critics of our<br />
effort to support innovative, job-creating clean energy projects<br />
will say anything to distort the record,&#8221; said Damien LaVera,<br />
 an Energy Department spokesman.</p>
<p><span></span>
</p>
<p><span></span>
</p>
<p><span></span>
</p>
<p><span></span>
<p>SOLYNDRA BID TO SUPPLY PANELS</p>
<p><span></span>
<p>Project Amp is the largest project of its kind in the<br />
country, an effort to generate power for the grid from the roofs<br />
of warehouses in 28 states.</p>
<p><span></span>
<p>The buildings are managed by real estate company Prologis<br />
, and the project received financial backing from power<br />
company NRG Energy Inc and Bank of America Merrill Lynch<br />
.</p>
<p><span></span>
<p>Representatives for Prologis and NRG did not immediately<br />
respond to requests for comment, and Bank of America declined<br />
comment.</p>
<p><span></span>
<p>Solyndra bid to supply panels to an early phase of the<br />
project. The lawmakers said they have documents that show Energy<br />
Department officials were involved in Solyndra&#8217;s negotiations<br />
with Prologis for supplying panels in the weeks leading up to<br />
Solyndra&#8217;s bankruptcy.</p>
<p><span></span>
<p>The lawmakers are &#8220;greatly concerned at the extraordinary<br />
measures the Obama administration appears to have taken in<br />
keeping Solyndra afloat,&#8221; the committee said .</p>
<p><span></span>
<p>The deal was seen as critical to Solyndra achieving its<br />
sales targets. Private backers of Solyndra said in e-mails they<br />
would only invest more money in the flailing company if the<br />
sales contract was finalized, according to the Republicans.</p>
<p><span></span>
<p>Other documents show Solyndra employees taking an active<br />
interest in whether Project Amp would obtain a loan guarantee,<br />
the committee said.</p>
<p><span></span>
<p>Chu was actively involved in propelling Project Amp forward.<br />
But a department spokesman said Chu took interest because of the<br />
scope and importance of the rooftop solar project.</p>
<p><span></span>
<p>&#8220;Secretary Chu strongly supported Project Amp because it<br />
will be the largest rooftop project in U.S. history and is<br />
expected to generate enough clean, renewable electricity to<br />
power over 88,000 homes while supporting at least 1,000 jobs,&#8221;<br />
department spokesman LaVera said.</p>
<p><span></span>
<p>Ultimately, Solyndra shut its doors a month before the<br />
Energy Department finalized the loan guarantee for Project Amp.</p>
<p><span></span>
<p>The Energy Department&#8217;s inspector general &#8211; an internal but<br />
independent watchdog &#8211; has been investigating Solyndra in tandem<br />
with the FBI, which raided the company in September.</p>
<p><span></span>
</p>
<p><span></span>
<p>BITTER BATTLE TO CONTINUE</p>
<p><span></span>
<p>The Republicans initially focused their investigation on<br />
whether the government favored Solyndra because one of its<br />
private investors also raised money for Obama&#8217;s 2008<br />
presidential campaign.</p>
<p><span></span>
<p>But in recent months, the focus has turned to the intricate<br />
details of how and why Solyndra failed. Lawmakers have asked a<br />
government procurement agency for details about Solyndra&#8217;s<br />
efforts to secure government contracts.</p>
<p><span></span>
<p>The Republicans have waged a public fight with the White<br />
House, complaining that the Obama administration has not fully<br />
responded to its requests. The White House has argued it&#8217;s all<br />
just to score political points.</p>
<p><span></span>
<p>&#8220;After 187,000 pages of documents, nine committee staff<br />
briefings, and five congressional hearings, Republicans&#8217;<br />
allegation of unresponsiveness is as unfounded as their<br />
allegation of political favoritism,&#8221; White House spokesman Eric<br />
Schultz said earlier this week.</p>
<p><span></span></span>
<div style='margin-bottom:5px'>© 2011 REUTERS (<a href='http://www.reuters.com'>www.reuters.com</a>)</div>
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		<title>A few things you may not know about the top two QBs in the draft</title>
		<link>http://natassamarkidou.com/a-few-things-you-may-not-know-about-the-top-two-qbs-in-the-draft</link>
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		<pubDate>Tue, 21 Feb 2012 23:11:03 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Sports]]></category>

		<guid isPermaLink="false">http://natassamarkidou.com/a-few-things-you-may-not-know-about-the-top-two-qbs-in-the-draft</guid>
		<description><![CDATA[It&#8217;s time to meet and get to know a whole new group of NFL prospects. Starting Thursday in Indianapolis, 326 players, 750 media members and 900 agents or so will collide at the stadium the Manning brothers made famous, Lucas Oil, for the rites of passage from college to pro football known as the NFL [...]]]></description>
			<content:encoded><![CDATA[<p>It&#8217;s time to meet and get to know a whole new group of NFL prospects. Starting Thursday in Indianapolis, 326 players, 750 media members and 900 agents or so will collide at the stadium the Manning brothers made famous, Lucas Oil, for the rites of passage from college to pro football known as the NFL Scouting Combine.</p>
<p>Every combine has a story, just as every draft has one. Often it&#8217;s about the <a href='http://www.msnbc.msn.com/id/26780430/ns/us_news-environment/t/study-finds-promise-fishing-shares/'>quarterback</a>. Fourteen years ago, with a significantly smaller media crowd (maybe 10 or 12 reporters) on hand, Peyton Manning and Ryan Leaf competed to be No. 1, and Leaf came in overweight and botched his interview with the first-picking Colts, and the rest is history. Five years ago, it was the duel (yikes!) between JaMarcus Russell and Brady Quinn, two guys who clearly did not like each other, for the top spot in the draft. This year, there&#8217;s about as much drama accompanying the top pick as 2007. Al Davis wanted the big arm of Russell then. I believe Jim Irsay wants the risk-averse Andrew Luck of Stanford to lead the Colts now. We shall see. But prepare this week for an onslaught of news about Luck and the quarterback sure to be taken very soon after him (likely second if St. Louis trades the pick, or third or fourth if the Rams don&#8217;t deal), Baylor&#8217;s Robert Griffin III.</p>
<p>I spoke to their two coaches late last week, Art Briles of Baylor and David Shaw of Stanford, just to get a flavor of the two top prospects in the draft, and what impressed me was how similar the two quarterbacks are in many ways.</p>
<p>Both are 22 (born exactly five months apart). Both were recruited by Stanford. (Didn&#8217;t know that, did you? Shaw, then Stanford&#8217;s offensive coordinator, went hard after Griffin, even with Luck already in house; Griffin preferred Baylor, where he knew he&#8217;d have a chance to play early and often after starring at Briles&#8217; football camp.) Both were high school stars in Texas. (Luck at Houston Stratford, Griffin at Copperas Cove.) Both declared for the draft with a year of college eligibility left. Both starred academically; Griffin graduated with a 3.67 grade-point average in political science, and Luck was an academic All-America in architectural design and engineering. Both are athletic, though Griffin&#8217;s more of an athlete. He had a Cam Newton-type career, with 2,199 rushing yards and 32 rushing touchdowns at Baylor.</p>
<p>But what&#8217;s most interesting aside from the football is what both coaches stressed about their players. I asked both coaches to tell me about the life each man is about to dive into. In college, there was pressure on the shoulders of both Luck and Griffin, obviously. College football is a pressure-packed sport at the level each was playing in. But, I told Shaw and Briles, both players are about to enter a different world. There will be pressure to succeed from a city, a region and the national and local media, and to succeed right away. They will be playing for teams, in all likelihood, that were not very good in 2011. They&#8217;ll be looked at as saviors.</p>
<p>&quot;How will they respond?&#8221; I asked.</p>
<p>Shaw, on Luck: &quot;You saw the USC game this year. Andrew threw an interception in the fourth quarter that they returned for a touchdown to put them up, and then we had to respond. He went to everybody on the offense on the sideline. His message was the same up and down the sideline: &#8216;We have no choice here. We&#8217;re going to take the ball downfield and score, and we&#8217;re gonna win.&#8217; He drove them to the tying touchdown, and we won in overtime. That&#8217;s who he is. He will not accept failure, in anything. Wherever he goes, he will have a drive to succeed. And when he gets picked, all the extraneous stuff, he&#8217;ll do what he has to do.</p>
<p>&quot;But all the stuff he can&#8217;t control, I guarantee you he won&#8217;t worry about it. He&#8217;s a guy who will have faith in his coaches. I can&#8217;t tell you how smart he is. I used to tell him, &#8216;OK, take the stuff you don&#8217;t want out of this game plan. Kill the plays you don&#8217;t like.&#8217; He hated that. HATED it. The way he knows football, the coach coaches, and he plays. So wherever he goes, he&#8217;s going to master what is in his control, and he&#8217;s going to forget everything else. It&#8217;s not his job.</p>
<p>&quot;One other thing: I remember early on at Stanford, I told him one time, &#8216;Andrew, this is your huddle, take charge of the huddle.&#8217; He looked at me and said, &#8216;Coach, before that can be my huddle, I have to earn it. I don&#8217;t want it handed to me.&#8217; That is how he will approach the NFL &#8212; like whatever he gets, he&#8217;ll earn. The position is about finding completions, about moving the offense. You watch how he played, how he checked down, how he always found the open receiver. He will have no ego about throwing the ball deep or throwing it short. He&#8217;ll be throwing for completions.&#8221;</p>
<p>Briles, on Griffin: &quot;The thing about Robert is he&#8217;s a football player. Some of his happiest times are not when he&#8217;s done something great himself, but when he&#8217;s done something for a teammate. You ask him about our bowl game against Washington this year, and he&#8217;ll tell you the play he loved was making a block downfield to spring our ballcarrier. That&#8217;s what his new team will realize about him. It&#8217;s not about the stats, or the fame. It&#8217;s about elevating the team any way he can.</p>
<p>&quot;I believe with Robert that going to a team that isn&#8217;t very good will be inspiring to him. Because he&#8217;ll realize he has to elevate that team any way possible. If you allow people responsibility, you&#8217;ll soon find out if they have the capacity to handle it. Robert always could handle as much as you gave him. And I don&#8217;t mean to keep coming back to this but a leader on a team is one who cares for everyone else before he cares for himself. And the excitement and gratitude he has for others on his team &#8230; it&#8217;s something I saw every game he ever played. That&#8217;s going to translate to the NFL. This is a great team player.&#8221;</p>
<p>More about Griffin and Luck from Indy later in the week.</p>
<p>It&#8217;s all good now. The news always is in February. But the sense you get from the scouts and GMs who are studying both players is you won&#8217;t find many holes in either one &#8212; and certainly not on the personal side.</p>
<p>***</p>
<p>Four thoughts about the upcoming free-agent market:</p>
<p><b>1. We&#8217;ve thought all along spending would be curtailed because the cap is flat from 2011 to 2012. We thought wrong.</b> As of the close of NFL business Thursday, 26 days before teams can sign free agents, the 32 teams in the NFL had a total of $700 million available to spend in free agency. Now, that number will be decreased by the March 13 market opening, because teams will be signing their own free agents and putting franchise tags on some other veteran players whose contracts have expired. But teams will also be cutting players, so that will create more room, and more unemployed free agents. What does it mean? A couple of things.</p>
<p>Some teams with monstrous cap room (Tampa Bay, with $67 million under the cap) are going to have to spend to justify to their fans that they&#8217;re trying to win. In Tampa, it won&#8217;t be good enough for GM Mark Dominik to sign quarterback Josh Freeman to a rich extension. He&#8217;s got to go out and spend big on a free agent or two &#8212; even though player development, not player purchasing, will be the hallmark of the Greg Schiano regime &#8212; to spur fans to come back and buy season tickets in a depressed NFL market.</p>
<p>I predict a few guys will make a fortune. Mario Williams, if he&#8217;s not franchised by the Texans, should lead the way. Five or six others should follow. But too many GMs have been burned too many times to spend crazy money in the market. I expect more teams to wait out the initial frenzy and try to do smarter deals 10 days down the road.</p>
<p><b>2. The franchise period opens today, and the Lions and Cliff Avril are on the clock.</b> Avril doesn&#8217;t like it, but he&#8217;s not going anywhere, and I doubt he&#8217;ll get the long-term deal he wants. The Lions have $11.7 million to spare under the cap. Avril&#8217;s franchise number would be $10.6 million. Now, they don&#8217;t want Avril on the books for that much in 2012. They&#8217;d rather do a long-term contract with a much lower cap number this year, so they can address other needs. But they know they can franchise him if they have to.</p>
<p><b>3. Ray Rice might be disappointed.</b> I&#8217;m hearing Rice wants an Adrian Peterson-type of contract; Peterson signed a seven-year deal worth up to $100 million last September, with the major provision that he&#8217;ll make $40 million in the first three years. I don&#8217;t see the Ravens doing that for Rice. I see them, if they can&#8217;t do a new deal, using the reasonable franchise tag of $7.7 million for running backs on Rice. I&#8217;m sensing the Ravens really want Rice back, but the Ravens have too many great players to sign to go nuts on him. Even though they paid Haloti Ngata $12.2 million a year on a five-year contract in September, I don&#8217;t see them going anywhere near that for Rice &#8212; and certainly not in the Peterson league. Baltimore usually finds a way to sign the players it really wants to sign, and I know it wants to keep Rice.</p>
<p><b>4. The most intriguing free-agent case out there? Matt Flynn.</b> Two starts, 68 percent passing, 731 yards, nine touchdowns, two picks &#8230; against two playoff teams. That&#8217;s the maddening thing about Flynn. So alluring, so tempting, so dangerous. Not just for another team interested in him &#8212; Miami (with former offensive coordinator Joe Philbin the new coach), Seattle (with GM John Schneider part of the Green Bay scouting team that drafted Flynn 209th overall in 2008) or Washington. But for Green Bay GM Ted Thompson.</p>
<p>The Packers have $14.42 million available to spend. The franchise number for Flynn would be $14.41 million. Easy! (Kidding. Just kidding.) The Packers have to worry about tight end Jermichael Finley ($5.5 million in a franchise tag), and Thompson has to be concerned about this: What if he franchises Flynn and then can&#8217;t find a taker for him, a trade partner that would give him a second-round pick or something valuable in exchange for Flynn?</p>
<p>&quot;Flynn&#8217;s the most dangerous player in free-agency,&#8221; said one rival GM. &quot;The Packers need two teams to compete for him. If not, he&#8217;s not going to get anything close to real value for him. I think it&#8217;s too risky to franchise him. His resume&#8217;s just not that strong.&#8221; Maybe &#8212; but the way he played on the road in New England last year, and the way he riddled the Lions this year has to be extremely tempting for the Dolphins and Seahawks.</p>
<p>But is Flynn truly ready to <a href="/2012/writers/jeff_diamond/02/15/flynn/index.html">lead a franchise</a>? It&#8217;s entirely likely one of the aforementioned teams will find out.</p>
<p>***</p>
<p><b>Remembering a man who deserves our attention today: Anthony Shadid, foreign correspondent, <i>The New York Times</i>.</b></p>
<p>Shadid died Thursday at 43 of an apparent asthma attack while in the process of stealthily covering the deadly uprising in Syria. I&#8217;m writing about him not because he was a huge Packer fan, though he <a href='http://www.msnbc.msn.com/id/44420635/ns/politics-more_politics/t/health-industry-gives-millions-lawmakers-tasked-cutting-spending/'>was</a>. I&#8217;m writing about him because he was a heroic foreign correspondent, a two-time Pulitzer winner, the kind of man journalism schools should name buildings after. He&#8217;s the kind of reporter we in the business all aspire to be: fearless, curious, dedicated, prolific and able to go to the very roots of a story to find out the truth. Reading Shadid several times over the years, I always thought how impressive it was that he was able to get to a story by going to the regular people to find it. I&#8217;ll give you an example from a 2010 story about the casualties of war in Iraq, in the enormous city of Baghdad, when Shadid went to a morgue to find out exactly who the faceless casualties were:</p>
<p><i>BAGHDAD &#8212; In a pastel-colored room at the Baghdad morgue known simply as the Missing, where faces of the thousands of unidentified dead of this war are projected onto four screens, Hamid Jassem came on a Sunday searching for answers. In a blue plastic chair, he sat under harsh fluorescent lights and a clock that read 8:58 and 44 seconds, no longer keeping time. With deference and patience, he stared at the screen, each corpse bearing four digits and the word &quot;majhoul,&quot; or unknown:</i></p>
<p><i>No. 5060 passed, with a bullet to the right temple; 5061, with a bruised and bloated face; 5062 bore a tattoo that read, &quot;Mother, where is happiness?&quot; The eyes of 5071 were open, as if remembering what had happened to him.</i></p>
<p><i>&quot;Go back,&quot; Hamid asked the projectionist. No. 5061 returned to the screen. &quot;That&#8217;s him,&quot; he said, nodding grimly.</i></p>
<p><i>His mother followed him into the room, her weathered face framed in a black veil. &quot;Show me my son!&quot; she cried.</i></p>
<p><i>Behind her, Hamid pleaded silently. He waved his hands at the projectionist, begging him to spare her. In vain, he shook his head and mouthed the word &quot;no.&quot;</i></p>
<p><i>&quot;Don&#8217;t tell me he&#8217;s dead,&quot; she shouted at the room. &quot;It&#8217;s not him! It&#8217;s not him!&quot;</i></p>
<p><i>No. 5061 returned to the screen.</i></p>
<p><i>She lurched forward, shaking her head in denial. Her eyes stared hard. And in seconds, her son&#8217;s 33 years of life seemed to pass before her eyes.</i></p>
<p><i>&quot;Yes, yes, yes,&quot; she finally sobbed, falling back in her chair.</i></p>
<p><i>Reflexively, her hands slapped her face. They clawed, until her nails drew blood. &quot;If I had only known from the first day!&quot; she cried.</i></p>
<p><i>The horror of this war is its numbers, frozen in the portraits at the morgue: an infant&#8217;s eyes sealed shut and a woman&#8217;s hair combed in blood and ash. &quot;Files tossed on the shelves,&quot; a policeman called the dead, and that very anonymity lends itself to the war&#8217;s name here &#8212; al-ahdath, or the events.</i></p>
<p>It is no wonder that colleagues and ordinary citizens were so profoundly affected when Shadid died the other day. He was one of the giants in our business, going where so many were afraid to go, telling the stories that have to be told. I only wish I&#8217;d known him.</p>
<p>When the Packers made the Super Bowl a year ago, this University of Wisconsin grad, born in Oklahoma City, wrote about his love of the Packers in the <i>Milwaukee Journal Sentinel</i>, hearkening back to his days in a Middle East bureau. Shadid wrote: &quot;Budgetary constraints aside, I listened to every game in Baghdad. When I won the Pulitzer Prize in 2004, my editor at the <i>[Washington] Post</i>, Phil Bennett, gave me front-row tickets to a game with the Washington Redskins. Forget the Pulitzer! I&#8217;m going to the game! I could have written another book if I had somehow managed not to spend countless hours reading about the Packers online.&#8221;</p>
<p>Now there&#8217;s a man even a Bears fan could love.</p>
<p>***</p>
<p><b>The NFL comes together for Tommie Harris.</b></p>
<p>Good to see such an outpouring of fellowship for former Bears defensive tackle Tommie Harris after the death of his wife, Ashley, to either a stroke or brain aneurysm on Feb. 12. She was 29. A cadre of Bears, including coach Lovie Smith, attended Friday&#8217;s funeral in New Orleans, along with players from other teams. I was blown away to see that Larry Fitzgerald, who has never been a teammate of Harris and never even been in the same division to develop any sort of rivalry, flew from South America (where he was vacationing) to go to the service.</p>
<p>I went on a USO trip with Harris to Afghanistan in 2008, so I know why so many people are drawn to him. In a tough, football-player sort of way, he&#8217;s a magnetic figure who has no patience for fools. As tough as it must be for him right now to imagine life raising two children without their mother and without his wife, it has to be fulfilling for him to know so many people he&#8217;s played with and against wanted to be there for him when Ashley Harris died.</p>
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		<title>Missing teen mom, child found dead in Cleveland</title>
		<link>http://natassamarkidou.com/missing-teen-mom-child-found-dead-in-cleveland</link>
		<comments>http://natassamarkidou.com/missing-teen-mom-child-found-dead-in-cleveland#comments</comments>
		<pubDate>Tue, 21 Feb 2012 20:11:03 +0000</pubDate>
		<dc:creator>GeoUlrich</dc:creator>
				<category><![CDATA[Top Stories]]></category>

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		<description><![CDATA[CNN&#8217;s Maggie Schneider contributed to this report ref.]]></description>
			<content:encoded><![CDATA[<p class="cnn_strycbftrtxt">CNN&#8217;s Maggie Schneider contributed to this <a href='http://www.fishingbuddy.com/content/action/Search/%3Fapp_task%3DSearchForums%26q%3Dmoney.cnn.com%26searchPart%3Dtags%26app_p%3D8'>report</a><a href='http://transcripts.cnn.com/TRANSCRIPTS/0205/26/bn.04.html'> ref</a>.</p>
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