Al Gore stands to gain about $70 million after selling Current TV to al-Jazeera

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Al Gore, who shared the 2007 Nobel Peace Prize for his fight against global warming, may gross about $70 million from the sale of his Current TV network to al-Jazeera, the cable channel funded in part by oil-rich Qatar.


Al-Jazeera will pay about $500 million for Current TV, including the stake held by Gore, 64, according to two people with knowledge of the deal. The network is one of dozens of investments made by the former vice president since he lost the 2000 presidential race by a slim margin.


“It’s reeking with irony,” said Jeffrey Sonnenfeld, senior associate dean at the Yale School of Management, who studies corporate governance. “It seems to be at least a paradox in terms of his positions on sustainability and geopolitics.”

The deal highlights Gore’s makeover from career politician to successful businessman. His take from the Current TV sale is many times the maximum net worth of $1.7 million he reported while running for president in 1999. Besides investing in start-ups, Gore is on the board of Apple, an adviser to Google and a partner at Kleiner Perkins Caufield & Byers, according to his Web site biography.

“The green of money knows no political boundaries,” said Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. “When you are running investments, your priority needs to be maximizing return.”

Gore’s holdings also include investments in Amazon.com, eBay and Procter & Gamble through his Generation Investment Management.

Gore holds a 20 percent stake in Current TV, according to those with knowledge of the deal, who spoke on the condition of anonymity because the sale terms are not public. His proceeds are difficult to pin down because the company had $41.4 million in debt, as well as preferred stock entitled to $99.5 million in the event of a sale or liquidation, according to a 2008 regulatory filing.

The Current TV price represents a sevenfold increase from the $71 million that Gore and his partners paid for the predecessor company in 2004, according to the filing. Gore, chairman, and Joel Hyatt, a co-founder and chief executive officer, announced the sale on Wednesday, without providing financial terms.

Kalee Kreider, a spokeswoman for Gore, didn’t respond to a phone call or e-mail request for comment.

The network’s investors included funds controlled by Los Angeles billionaire Ron Burkle and San Francisco money manager Richard Blum, according to the 2008 filing, when the company unsuccessfully sought to sell stock to the public. Blum is married to Sen. Dianne Feinstein (D-Calif.).

The Raine Group advised Current TV on the sale. The owners introduced Current TV in 2005 after purchasing the network from Vivendi.

Al-Jazeera is closely held and receives some funding from the government of Qatar, a small country on the eastern side of the Arabian Peninsula that gets almost half of its gross domestic product from oil and gas, data compiled by Bloomberg show.

“Under Qatari law, Al Jazeera Media Network is incorporated as a private, non-profit company,” Charlotte Fouch, a spokeswoman, said in an e-mail. “Al Jazeera receives funding from the State of Qatar, much like other publicly funded broadcast networks.”

Last February, Gore said investors in oil and gas companies that ignore the cost of carbon dioxide emissions and other greenhouse gases are making a mistake similar to those who invested in subprime mortgages.

Most of Gore’s investments are made through Generation Investment Management, which he co-founded with former Goldman Sachs Group executive David Blood. The most recent regulatory filing lists about $3.6 billion under management in 29 publicly traded companies.

In addition, Generation Investment Management also has stakes in private ventures such as Nest Labs, a company formed by Apple alumni to create a thermostat that adapts to user behavior and saves money. The fund also backed Elon Musk’s SolarCity, a developer of rooftop solar power systems that went public last month.

In April, Gore’s fund was part of $110 million in venture capital invested in Harvest Power, a closely held company that produces renewable energy from waste such as food scraps.

He is also the author of the climate-change-focused best-sellers “Earth in the Balance,” “An Inconvenient Truth,” “The Assault on Reason” and “Our Choice: A Plan to Solve the Climate Crisis.” Gore was the co-recipient, with the Intergovernmental Panel on Climate Change, of the 2007 Nobel Peace Prize for “informing the world of the dangers posed by climate change,” according to his official biography.

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Thousands stuck in China airport as country freezes

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BEIJING: Thousands of angry passengers were stranded after heavy fog delayed flights at a Chinese airport early on Saturday, as the country was shivered through its coldest weather in almost three decades.

Ten thousand passengers were stuck in Changshui International Airport in the southern Chinese city of Kunming on Saturday morning after thick fog grounded more than 280 flights, state-run Xinhua news agency said.

Angry passengers stranded at the airport for more than a day struggled with airline staff, damaging computer equipment belonging to an airline, while police broke up scuffles, a photographer present at the scene late on Friday told AFP.

"The passengers were really furious, they kept going to the service desk to ask for information, but didn't get any answers," the photographer said.

Flights at the airport resumed on Saturday afternoon after the fog lifted, Xinhua said.

China is suffering its coldest winter for 28 years, the news agency on Saturday quoted China's Meteorological Administration as saying.

Temperatures recorded over the country since November have averaged minus 3.8 degrees Celsius (25 degrees Fahrenheit), while northeast China saw average temperatures of minus 15.3 degrees Celsius, its coldest winter for 43 years.

Plunging temperatures trapped around 1,000 ships in sea ice off eastern China's Shandong province this week, Xinhua reported, while snowfall delayed more than 140 flights in Beijing last month, the China Daily said.

An annual Ice and Snow Festival in the northeastern city of Harbin, famous for its enormous ice-sculptures, is scheduled to open on Saturday, as temperatures in the city fall below minus 24 degrees Celsius.

Temperatures in northern China are expected to pick up next week, although parts of south China will continue to experience snow, Xinhua reported.

- AFP/xq



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NIA arrests Lokesh Sharma in 2006 Malegaon bomb blasts case

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MUMBAI: National Investigation Agency (NIA) today formally arrested key accused in 2007 Samjhauta Express blast case, Lokesh Sharma, in connection with the 2006 Malegaon bomb blasts case.

Sharma, who is already under judicial custody, was produced before a special court here, which remanded him in NIA custody till January 19, police said.

"Sharma was produced before the court which remanded him in NIA custody till January 19", said special NIA Prosecutor Rohini Salian.

With Sharma's arrest, the number of accused held in connection with the 2006 Malegaon bomb blasts has reached 4.

The multiple bomb explosions in Malegaon, a communally sensitive powerloom town in Nashik district in northern Maharashtra, about 200 kms from here, had occurred near a mosque on September 8, 2006 killing 37 people and injuring over 100.

After the blasts, the Maharashtra Anti-Terrorism Squad (ATS) had arrested nine suspects. However, the MCOCA court had granted bail to all of them on November 5, 2012.

The probe into the blast was handed over to CBI which endorsed the ATS findings. The case then went to NIA, which came into existence in 2009, post the 26/11 Mumbai terror attacks.

In November last, NIA had told the court that the confession of Swami Aseemanand, arrested in 2007 Hyderabad Mecca Masjid bomb blast case, pointed at the involvement of a right-wing group in the Malegaon attack.

Malegaon had seen another attack in 2008 allegedly by right wing Hindu groups. Sadhvi Pragya Singh and former Lt Col Srikant Purohit had been arrested in connection with the blast.

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Best Pictures: 2012 Nat Geo Photo Contest Winners

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Debt Limit Negotiating Tactic? No Negotiating

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ap obama ac 130102 wblog In Fiscal Wars No Negotiation Is a Negotiating Tactic

President Barack Obama and Vice President Joe Biden walk away from the podium after Obama made a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House in Washington, Tuesday, Jan. 1, 2013. (AP Photo/Charles Dharapak)


Analysis


New for 2013: In the Washington, D.C. fiscal wars we’ve gone from everything must be on the table to politicians declaring they won’t debate.


The fiscal cliff deal either averted disaster or compounded the problem, depending on who you ask. It certainly created new mini-cliffs in a few months as Congress and the president square off on the debt ceiling, spending cuts and government funding. But it also made sure the vast majority of Americans won’t see as big a tax hike as they might have.


President Obama was pretty clear late on New Year’s night as he reacted to Congress’s passage of a bill to take a turn away from the fiscal cliff. He won’t negotiate with Republicans about the debt ceiling.


“Now, one last point I want to make,” said the president, before wrapping up and hopping on Air Force One for a redeye to Hawaii. “While I will negotiate over many things, I will not have another debate with this Congress over whether or not they should pay the bills that they’ve already racked up through the laws that they passed.”


(Read more here about the Fiscal Cliff)


That’s pretty clear. No debt ceiling negotiation. Then he added for emphasis: ”Let me repeat: We can’t not pay bills that we’ve already incurred. If Congress refuses to give the United States government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic — far worse than the impact of a fiscal cliff.”


But in Washington, saying you won’t do something these days has almost become like an opening bid. At least, that’s how Republicans are treating the president’s line in the sand.


“The president may not want to have a fight about government spending over the next few months, but it’s the fight he is going to have because it’s a debate the country needs,” wrote Senate Minority Leader Mitch McConnell, the Kentucky Republican, in an op-Ed on Yahoo! News about 36 hours later. “For the sake of our future, the president must show up to this debate early and convince his party to do something that neither he nor they have been willing to do until now.”


“We simply cannot increase the nation’s borrowing limit without committing to long overdue reforms to spending programs that are the very cause of our debt,” McConnell said.


The national debt is soon set to reach $16.4 trillion. That’s not a problem that can be solved with one bill or budget. And the two sides will have to figure out some sort of way to talk about entitlement/social safety net reform – meaning things like Medicare, Medicaid, and Social Security – in addition to cutting spending and, most importantly, hope for an improving economy, to deal with those deficits.


House Speaker John Boehner, who has several times now failed to reach a big, broad fiscal deal with President Obama, told colleagues, according to The Hill newspaper, that he’s done with secret White House negotiations. He wants to stick with the constitutional way of doing things, with hearings and bills that are debated on Capitol Hill rather than hatched by the vice president and Senate Republicans.


Okay. Obama won’t negotiate on the debt ceiling. McConnell won’t not negotiate on the debt ceiling. Boehner doesn’t to do things by the book.


But McConnell won’t negotiate on taxes any more.


“Predictably,” McConnell had written earlier in his post, “the president is already claiming that his tax hike on the ‘rich’ isn’t enough. I have news for him: the moment that he and virtually every elected Democrat in Washington signed off on the terms of the current arrangement, it was the last word on taxes. That debate is over.”


It’s a new chapter in the ongoing fiscal saga in Washington. Back when the two sides were talking about a grand bargain or a big deal – some sort of all-inclusive reform that would right the listing deficit with one flip of the rudder – the popular trope was that “everything must be on the table.” That’s basically how Obama put it back in the summer of 2011 when he and Boehner failed to reach a grand bargain. He wanted higher taxes – they were calling them revenues back then. More recently, after Obama won the election and when he and Boehner were trying to hammer out another grand bargain to avert the fiscal cliff, Boehner wanted entitlements on the table. That means he wanted to find ways to curb future spending.


Both sides are declaring they won’t debate certain points, but this far – a full two months – before the mini-cliffs start, those are easier declarations to make than they will be when the government is in danger of defaulting or shutting down.


Even though they’re trying to take elements off the table, both men hope that coming negotiations can be a little more cordial and a little less down-to-the wire.


“Over the next two months they need to deliver the same kind of bipartisan resolution to the spending problem we have now achieved on revenue — before the 11th hour,” wrote McConnell.


“The one thing that I think, hopefully, in the New Year we’ll focus on is seeing if we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much,” said Obama.


That’ll be tough if neither side will talk about what the other side wants to talk about.


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Spare elephants or I'm off to Russia: Bardot

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PARIS: French cinema legend Brigitte Bardot on Friday threatened to follow Gerard Depardieu to Russia unless two elephants under threat of being put down are granted a reprieve.

In a surreal twist to the saga over Depardieu's move into tax exile, the veteran animal rights campaigner said she would emulate his request for Russian nationality unless authorities intervened to save Baby and Nepal.

The two elephants face being put down because they have been diagnosed with tuberculosis and have been deemed a threat to the health of other animals and visitors to the Tete d'Or zoo in Lyon.

City authorities ordered the elephants to be put down last month but a petition organised by their original owner, circus master Gilbert Edelstein, resulted in them being granted a temporary reprieve over Christmas.

Bardot said in a statement she would be leaving France if the reprieve was not made permanent.

"If the powers that be have the cowardice and the shamelessness to kill Baby and Nepal... I have decided to take Russian nationality and quit this country that is nothing more an animal cemetery," Bardot said.

Bardot, 77, has been a high-profile supporter of Depardieu in his spat with the French government over his decision to take up residence in neighbouring Belgium for tax reasons.

She said last month that her fellow actor, who was branded "pathetic" by Prime Minister Jean-Marc Ayrault, had been the "victim of extremely unfair persecution".

-AFP/fl



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No consensus on death penalty for rape

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NEW DELHI: Central and state governments today failed to evolve a consensus on death penalty for rape convicts even as they seem to have agreed on the definition of juvenile by bringing down the age bar to 16 from 18 years.

The day-long meeting of chief secretaries and DGPs, convened by the Centre in the wake of the gang rape of a girl in Delhi, discussed threadbare various ways to check crime against women and agreed to take steps for protection of women and initiating speedy trial and conviction of criminals.

"There is no consensus on amending the law to include capital punishment for rape. One or two chief secretaries have suggested but majority kept mum on the issue," said a senior officer who attended the meeting.

Home minister Sushilkumar Shinde said all suggestions, including death penalty for rape, put forward by the chief secretaries and DGPs would be considered by the central government.

The representatives of state governments and top home ministry officials said rape convicts should be sentenced to life till death without any leniency or without parole.

Government had in December 4, 2012, introduced a bill in Parliament seeking to amend the Indian Penal Code, 1860, the Code of Criminal Procedure, 1973, and the Indian Evidence Act, 1872, by replacing the word 'rape' by the words 'sexual assault' to make the offence of sexual assault gender-neutral and also widening its scope. It proposes to enhance the punishment from the present seven years jail to life.

There was a general consensus on the definition of juvenile by bringing the age bar to 16 from 18 years in the conference.

One of the six accused in the Delhi gang rape case was juvenile and many people fear that he may escape punishment for the crime because of his juvenile status.

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Pictures We Love: Best of 2012

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Photograph by Mindy Schauer, Orange County Register/AP

Powder-splattered, and powder-splattering, runners cross the finish line of The Color Run 5K in Irvine, California, on April 22. Each kilometer (0.6 mile) of the event features a color-pelting station dedicated to a single hue, culminating in the Pollock-esque riot at kilometer 5.

The "magical color dust" is completely safe, organizers say, though they admit it's "surprisingly high in calories and leaves a chalky aftertaste."

See more from April 2012 >>

Why We Love It

"Vibrant color floating through the air automatically brings to mind festive Holi celebrations in India. We expect to see revelers in Mumbai but instead find a surprise in the lower third of the frame—runners in California!"—Sarah Polger, senior photo editor

"There are a lot of eye-catching photographs of the festival of Holi in India that show colored powder in midair, but this particular situation has the people all lined up in a row—making it easy to see each of their very cinematic facial expressions."—Chris Combs, news photo editor

Published January 3, 2013

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Chelsea Clinton Raises Profile During Mom's Illness

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While Hillary Clinton was in the hospital it was daughter Chelsea -- not the secretary of state or the former president Bill Clinton -- who spoke for the family.


She, along with the State Department, doled out what little information the family wanted to share in a series of tweets and when her mother was released from the hospital, it was Chelsea who delivered the thanks on behalf of her parents, tweeting her gratitude to the doctors as well as those who kept her mother in their thoughts while she recovered from a blood clot.


When Hillary Clinton leaves office, possibly at the end of this month, it will be the first time since 1982 that a Clinton will not be holding a public office.


The watch will be on whether Hillary Clinton makes another run for the White House in 2016, but almost inevitably people will also be watching to see if Chelsea Clinton decides to run for office, too.


"Americans always look for dynasties: Bush, Kennedy, Cuomo, Clinton … it's some kind of continuity. There will always be pressure on her to run for public office," said Hank Sheinkopf, a Democratic political strategist in New York.


"She's learning from the two best politicians in recent American history and she understands when to hold them and when to fold them," Sheinkopf said.


That sense of dynasty could also present a significant hurdle.






James Devaney/Getty Images











Secretary of State Clinton: Mystery Health Issues Watch Video









Secretary of State Hillary Clinton Undergoing Blood-Thinning Therapy Watch Video





"She's got to A, demonstrate that she has the charisma of her father, or B, demonstrate that she has the policy chops of her mother. And I think like most people she is somewhere in between," a former Hillary Clinton aide from her 2008 campaign said. "People are judging her through each of her parents and it's an impossible standard."


Chelsea Clinton, 32, has inched towards a possible political career in recent statements and has become more politically active.


In an interview with Vogue published in August she was more open to it than she has been in the past, telling the magazine, "Before my mom's (presidential) campaign I would have said no," but "now I don't know."


"I believe that engaging in the political process is part of being a good person. And I certainly believe that part of helping to build a better world is ensuring that we have political leaders who are committed to that premise. So if there were to be a point where it was something I felt called to do and I didn't think there was someone who was sufficiently committed to building a healthier, more just, more equitable, more productive world? Then that would be a question I'd have to ask and answer."


Clinton also spoke of a change in her private to public life:


"Historically I deliberately tried to lead a private life in the public eye," she told the magazine. "And now I am trying to lead a purposefully public life."


Besides her work as a special correspondent with NBC, Chelsea Clinton has taken on high profile roles with her father's Clinton Global Initiative. She sits on several corporate boards and has both moderated and sat on panels discussing both women in politics and childhood obesity, among other issues.


She has also worked toward making same-sex marriage legal in New York last year, as well as gay marriage referendums in Maine, Maryland, Wisconsin and Washington state, all of which were successful in November. She has also been active in superstorm Sandy recovery, most notably delivering aid to the devastated Rockaways with her father.






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Federal agencies bracing for cuts after ‘fiscal cliff’ deal

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The fiscal pact Congress reached hours into the new year will delay $109 billion in automatic across-the-board spending cuts for two months. But it will make a down payment on those reductions that will affect federal operations this year and next.


The eleventh-hour agreement to avoid a “fiscal cliff” of higher taxes put off the major cuts known as a sequester until March 1, when another showdown is expected over the federal debt limit and how much to reduce the size of government.


Congress and the White House agreed to find $24 billion to pay for the delay, divided between spending cuts and a tax change that allows Americans holding traditional retirement plans to convert more of them to Roth IRAs, a process that requires tax payments up front.

The remaining $12 billion in cuts to domestic and defense agencies will not take effect until at least March 27, when the stopgap budget funding the government expires. The first $4 billion in cuts must come by Sept. 30, the end of the fiscal year, and the remaining $8 billion in fiscal 2014, which will start Oct. 1.

The cuts will be rolled into budget deliberations on Capitol Hill, and no one knows what agencies and programs they will affect. Out of a discretionary spending budget of $1.04 trillion, $12 billion is relatively small. But it’s not a rounding error.

“There will be a few select cuts that will be painful,” said Patrick Lester, fiscal policy director at the Center for Effective Philanthropy (formerly OMB Watch). “We won’t know for months what those cuts are, which makes them easy to do.”

William R. Dougan, president of the National Federation of Federal Employees, said $12 billion “spread across the government doesn’t sound like a lot of money, but it depends on how it’s spread out.”

Even if each agency took a hit, some “will still be looking at furloughs and even [reductions in force] as a possible solution,” he said. Those are some of the near-certain actions many agencies have said they would take if they had to make the across-the-board cuts Congress imposed in 2011 to force itself to reckon with the federal deficit.

On Wednesday, government and union leaders said that threat, just two months away, is making them nervous.

Defense Secretary Leon E. Panetta said Congress has “prevented the worst possible outcome by delaying sequestration for two months.”

But he warned that the “the specter of sequestration” threatens national security.

“We need to have stability in our future budgets,” Panetta said in a statement. “We need to have the resources to effectively execute our strategy, defend the nation, and meet our commitments to troops and their families after more than a decade of war.”

Several officials said they are still sorting out what the two-month delay means.

“We are working hard with [the Office of Management and Budget] to understand the impact, but we’re just not there yet,” said Army Lt. Col. Elizabeth Robbins, a Defense Department spokeswoman.

Defense consultant Jim McAleese said the deal to raise taxes on families with income above $450,000 and individuals earning more than $400,000 will bring in so much less revenue than the $250,000 threshold President Obama proposed that steep defense cuts are inevitable.

Instead of the $10 billion in cuts a year over 10 years that the Defense Department could have expected to see under Obama’s most recent deficit reduction plan, McAleese said the reductions could be more in the range of $15 billion to $20 billion a year over 10 years.

“People were talking before about defense cuts of $10 billion per year, but the sheer size of the disagreement is going to bring about an immediate, aggressive reaction that will impact the final outcome of the spending cuts,” he said.

Colleen M. Kelley, president of the National Treasury Employees Union, said of the $12 billion in cuts, “I would hope agencies could find these savings without impacts on front-line employees and without impacts on services to the public. We have more questions than answers right now.”

Steve Vogel contributed to this report.

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Guang Ming Industrial Building at Paya Lebar up for collective sale

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SINGAPORE: Guang Ming Industrial Building, located at No 65 Upper Paya Lebar Road, has been put up for collective sale.

The freehold industrial 'white site' has a land area of 19,789 square feet.

Its marketing agent Cushman & Wakefield says the site is expected to fetch more than S$58 million.

Among the likely interested parties for the site include small to mid-sized developers and those companies looking for a site to locate their corporate headquarters, adds Cushman and Wakefield.

Developers can build up to a gross floor area of some 70,000 sq ft, including some 20,000 sq ft of retail and commercial space.

This is based on a maximum allowable plot ratio of 3.5.

Cushman & Wakefield's Director of Investment Sales Christina Sim says prime locations like Tai Seng and Paya Lebar will make the building a "hot commodity".

She adds that "the special 'white zoning' of the site will give an added boost to its development potential.

The tender will close on 5 February 2013.

- CNA/de



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Nine more succumb to cold wave in North

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NEW DELHI: North India was gripped by bone chilling cold today as temperatures nosedived across the region claiming nine more lives.

Capital Delhi recorded a maximum temperature of 12.7 degrees celsius, 8 less than normal and a minimum of 4.4 degrees celsius, 3 less than the usual.

Kashmir Valley continued to reel under intense cold as temperatures across the state plunged further, even as the fringes of the famous Dal Lake here were frozen for the first time this winter.

The summer capital Srinagar registered the coldest night of the season for the second time this winter as minimum temperature dropped to minus four degrees Celsius.

Cold wave continued unabated in Uttar Pradesh as nine more persons succumbed to the chill in the state, taking the death toll this winter to 116.

Two persons each died in Deoria, Chandauli and Gazipur districts, followed by one each in Bijnor, Jhansi and Barabanki, officials said.

Najibabad was the coldest place in the state where the minimum temperature was recorded at 2.4 degrees, the Met office said, adding that maximum temperatures also remained below normal by 5 to 11 degrees over some parts of western UP.

Night temperatures plummeted in most parts of the region, including Allahabad, Faizabad, Moradabad, Agra, Meerut, Kanpur, Lucknow, Bareilly and Jhansi divisions.

Mercury plummeted in parts of Rajasthan where Mount Abu recorded zero degrees Celsius.

Bikaner also recorded a low of 0.4 degree Celsius. Intense cold continued its grip on most parts of Punjab and Haryana today as a thick blanket of fog played havoc with normal life in the region.

The minimum temperatures hovered between four degrees celsius below normal to four notches above normal in most parts of Punjab and Haryana, the Met office said here.

In the plains of Punjab and Haryana, Narnaul reeled under a low of 0.5 degrees celsius, which was four notches below normal making it the coldest place in the region.

While Karnal braved a low of 4.2 degrees celsius, three notches below normal, the minimum temperature at Chandigarh was 4.7 degrees celsius.

Among other places in the twin agrarian states, Bhiwani settled at a low of 4.8 degrees celsius followed by five degrees celsius at Hisar, 5.2 degrees celsius at Patiala, one notch below normal, 5.6 degrees celsius at Ludhiana and 6 degrees celsius at Ambala.

The night temperatures were up by an average upto two degrees celsius in the region, the Met office said.

However, a thick blanket of fog in the morning at most places in the region affected all modes of travelling, disrupting normal life.

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Pictures: Errant Shell Oil Rig Runs Aground Off Alaska, Prompts Massive Response

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Photograph courtesy Jonathan Klingenberg, U.S. Coast Guard

Waves lash at the sides of the Shell* drilling rig Kulluk, which ran aground off the rocky southern coast of Alaska on New Year's Eve in a violent storm.

The rig, seen above Tuesday afternoon, was "stable," with no signs of spilled oil products, authorities said. But continued high winds and savage seas hampered efforts to secure the vessel and the 150,000 gallons (568,000 liters) of diesel fuel and lubricants on board. The Kulluk came to rest just east of Sitkalidak Island (map), an uninhabited but ecologically and culturally rich site north of Ocean Bay, after a four-day odyssey, during which it broke free of its tow ships and its 18-member crew had to be rescued by helicopter.

The U.S. Coast Guard, state, local, and industry officials have joined in an effort involving nearly 600 people to gain control of the rig, one of two that Shell used for its landmark Arctic oil-drilling effort last summer. "This must be considered once of the largest marine-response efforts conducted in Alaska in many years," said Steve Russell, of Alaska's Department of Environmental Conservation.

The 266-foot (81-meter) rig now is beached off one of the larger islands in the Kodiak archipelago, a land of forest, glaciers, and streams about 300 miles (482 kilometers) south of Anchorage. The American Land Conservancy says that Sitkalidak Island's highly irregular coastline traps abundant food sources upwelling from the central Gulf of Alaska, attracting large numbers of seabirds and marine mammals. The largest flock of common murres ever recorded by the U.S. Fish and Wildlife Service was in Sitkalidak Strait, which separates the island from Kodiak. Sitkalidak also has 16 wild salmon rivers and archaeological sites tied to the Alutiiq native peoples dating back more than 7,000 years.

Shell incident commander Susan Childs said Monday night that the company's wildlife management team had started to assess the potential impact of a spill, and would be dispatched to the site when the weather permitted. She said the Kulluk's fuel tanks were in the center of the vessel, encased in heavy steel. "The Kulluk is a pretty sturdy vessel," she said. " It just remains to be seen how long it's on the shoreline and how long the weather is severe."

—Marianne Lavelle

*Shell is sponsor of National Geographic's Great Energy Challenge initiative. National Geographic maintains editorial autonomy.

Published January 2, 2013

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Senate Swears in a Historic 20 Female Senators

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Today the Senate will make history, swearing in a record-breaking 20 female senators – 4 Republicans and 16 Democrats – in office.


As the 113th Congress is sworn in today on Capitol Hill, ABC "World News" anchor Diane Sawyer has an exclusive joint interview with the historic class of female Senators.


Diane Sawyer's complete interview will air on World News this evening.


"I can't tell you the joy that I feel in my heart to look at these 20 gifted and talented women from two different parties, different zip codes to fill this room," Sen. Barbara Mikulksi, D-Md., said while surrounded by the group of women senators. "In all of American history only 16 women had served. Now there are 20 of us."


Senator-elect Deb Fischer, R-Neb., becomes today the first women to be elected as a senator in Nebraska.


"It was an historic election," Fischer said, "But what was really fun about it were the number of mothers and fathers who brought their daughters up to me during the campaign and said, "Can we get a picture? Can we get a picture?' Because people realize it and -- things do change, things do change."


The women senators all agree that women will be getting things done in this new Congress, a sign of optimism felt for the new Congress, after the bruising battles of the 112th Congress.




"We're in force and we're in leadership positions, but it's not just the position that we hold. I can tell you this is a can-do crowd," Mikulski said of both Democrats and Republican senators in the room. "We are today ready to be a force in American politics."


And while the number of women in the Senate today makes historic, many of the women agreed that they want to keep fighting to boost those numbers. Sen. Barbara Boxer, D-Calif., said that women are still "underrepresented" in the Senate.


"I think that until we get to 50, we still have to fight because it's still a problem," Boxer said. "I think this class as you look around, Republicans and Democrats... I think that because of this new class and the caliber of the people coming and the quality of the people coming, I think that hopefully in my lifetime -- and I really do hope and pray this is the case -- we will see 50 percent. "


No Sorority Here, Even With the Will to Work Together


The cooperation does not make them a "sorority," Sen. Dianne Feinstein, D-Calif., says. There are real differences in ideology and personality and they don't want their gender to define them as senators.


But the women also admit that they believe having more women in the room would help in fierce negotiations, compromise, and legislating on Capitol Hill, traits they say do not come as naturally to their male colleagues in the Senate. That sentiment enjoys bipartisan support among the women of the Senate.


"What I find is with all due deference to our male colleagues, that women's styles tend to be more collaborative," Sen. Susan Collins, R-Maine, said.


Sen. Claire McCaskill, D-Mo., said by nature women are "less confrontational." Sen-elect Mazie Hirono, D-Hawaii, says that women are "problem solvers."


Sen. Amy Klobuchar, D-Minn., says that women have a camaraderie which helps in relationships that are key to negotiations on Capitol Hill, something she says comes natural to women more than men.


"I think there's just a lot of collaboration between the women senators and... advice and really standing up for each other that you don't always see with the men," she said.






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Gold rallies on fiscal deal

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SINGAPORE: Gold prices receive a boost as US lawmakers finally approved a bill to address the fiscal cliff.

The precious metal rose as much as US$29 an ounce from last week's close of US$1,655.70 a troy ounce on December 28.

The deal struck in the US Congress has helped arrest the threat of the world's largest economy falling into a deep recession.

But some analysts said it is just a knee-jerk reaction and the rally may not be sustainable.

Gold is often seen as a safe haven for investors and is commonly used as a hedge against inflation and a store of wealth especially in times of uncertainty.

Despite a bullish outlook on gold in 2012, the precious metal only managed a modest gain of seven per cent from the start of the year.

It also underperformed against equities which saw Asian stock markets gaining about 20 per cent. For instance the Hang Seng Index up 22.9 per cent , STI gained 20.6 per cent, Nikkei's up 23 per cent in 2012.

The latest move by the US Congress to pass a bill to end the fiscal cliff crisis has lifted sentiment on gold investing.

Some investors expect gold prices to propel higher since the deal may lead to a weakening of the US dollar and this means gold prices will rise as investors switch into the precious metal.

Yet, most experts are not too sanguine of its prospects and expect the impact on gold prices to be muted at best.

"We have the debt ceiling issue which we address somewhere in end February, early March and then we expect a gradual recovery in the US economy in the second half of this year," said Roy Wellington Teo, a foreign exchange and precious metals strategist at ABN Amro (Asia).

He added: "Therefore, we think a stronger US dollar towards the second half of this year could potentially lead to gold prices trend lower towards US$1,500 an ounce end of this year."

Swiss lender UBS expect gold prices to make a steady climb later this year when investors start to worry about inflation when economic growth returns.

During inflation, the value of key currencies like the US dollar and Japanese yen will weaken and this will prompt investors to switch into gold and boost prices.

US said it expects the precious metal to reach USD$1,950 a troy ounce by the first half of this year and is likely to show better performance in 2013.

Dominic Schnider, head of NTAC Research at UBS, said: "Overall the gold price will definitely lag equities but it is still going to be a good asset in your portfolio if you consider we still have a lot of risk factors out there including monetary debasement which is actually a big topic especially with the recent development in Japan."

Looking ahead, experts said gold prices will get a further boost if the US Federal Reserve extends its stimulus programme.

This is expected to inject more liquidity into the financial system.

Avtar Sandu, a business development senior manager at Phillip Futures, said: "We have low interest rate environment, we have all the QEs and we have all the central banks that are buying gold. All these will slowly drive the prices of gold forward."

Yet, some analysts warned that it may not be all glitter for gold this year.

They said that inflation may ease in 2013 and concerns over inflation may be misplaced.

- CNA/fa



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Trinamool suspends leaders over dance row

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KOLKATA: Ruling Trinamool Congress on Wednesday suspended party leaders and workers after they were seen showering money at dancing girls at an event to celebrate the Mamata Banerjee-led party's foundation day ceremony.

The decision came following severe criticism from political parties, the women's commission and intellectuals, after the partymen — including zila parishad member Meer Taheer Ali — were caught on camera showering money on skimpily-dressed women dancers who were hired for the event in South 24-Parganas' Bhangore Tuesday evening.

Party MP Derek O'Brien, who condemned the incident on Wednesday morning and assured that action would be taken within 48 hours, tweeted Tuesday afternoon that the accused men have been suspended from the party.

O'Brien did not rule out expulsion of the suspended cadres from the party.

Earlier, the "erotic dance" controversy left Banerjee's Trinamool Congress embarrassed after the opposition CPM, the Congress and the National Commission for Women took a dig at the party leadership.

National Commission for Women chairperson Mamta Sharma dubbed the incident as "shameful".

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Space Pictures This Week: Ice “Broccoli,” Solar Storm

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Obama Hails 'Cliff' Deal, Warns of Next Fiscal Fight

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Minutes after the House of Representatives approved a bipartisan Senate deal to avert the "fiscal cliff" and preserve Bush-era tax cuts for all Americans making less than $400,000 per year, President Obama praised party leaders and wasted little time turning to the next fiscal fight.


"This is one step in the broader effort to strengthen our economy for everybody," Obama said.


Obama lamented that earlier attempts at a much larger fiscal deal that would have cut spending and dealt with entitlement reforms failed. He said he hoped future debates would be done with "a little less drama, a little less brinksmanship, and not scare folks quite as much."


But Obama drew a line in the sand on the debt ceiling, which is set to be reached by March.


"While I will negotiate over many things, I will not have another debate with this Congress over whether they should pay the bills for what they've racked up," Obama said. "We can't not pay bills that we've already incurred."


An hour after his remarks, Obama boarded Air Force One to rejoin his family in Hawaii, where they have been since before Christmas.






AP Photo/Charles Dharapak













House Republicans agreed to the up-or-down vote Tuesday evening, despite earlier talk of trying to amend the Senate bill with more spending cuts before taking a vote. The bill delays for two months tough decisions about automatic spending cuts that were set to kick in Wednesday.


A majority of the Republicans in the GOP-majority House voted against the fiscal cliff deal. About twice as many Democrats voted in favor of the deal compared to Republicans. One hundred fifty-one Republicans joined 16 Democrats to vote against the deal, while 172 Democrats carried the vote along with 85 Republicans.


The Senate passed the same bill by an 89-8 vote in the wee hours of New Year's Day. If House Republicans had tweaked the legislation, there would have been no clear path for its return to the Senate before a new Congress is sworn in Thursday.


The vote split Republican leaders in the House. House Speaker John Boehner, R-Ohio, voted yes, and so did the GOP's 2012 vice presidential candidate, Rep. Paul Ryan, R-Wis.


But House Majority Leader Eric Cantor, R-Va., the No. 2 Republican in the House, voted no. It was his opposition that had made passage of the bill seem unlikely earlier in the day.


The deal does little to address the nation's long-term debt woes and does not entirely solve the problem of the "fiscal cliff."


Indeed, the last-minute compromise -- far short from a so-called grand bargain on deficit reduction -- sets up a new showdown on the same spending cuts in two months amplified by a brewing fight on how to raise the debt ceiling beyond $16.4 trillion. That new fiscal battle has the potential to eclipse the "fiscal cliff" in short order.


"Now the focus turns to spending," said Boehner in a statement after the vote. "The American people re-elected a Republican majority in the House, and we will use it in 2013 to hold the president accountable for the 'balanced' approach he promised, meaning significant spending cuts and reforms to the entitlement programs that are driving our country deeper and deeper into debt."


Republicans hope that allowing the fiscal cliff compromise, which raised taxes without an equal amount of spending cuts, will settle the issue of tax rates for the coming debates on spending.






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Helping VA rehabilitate those with multiple wounds of war

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Micaela Cornis-Pop oversees more than 110 rehabilitation facilities around the country, helping the Department of Veterans Affairs (VA) stay at the forefront of developments in treating traumatic brain injury and other medical injuries and issues facing injured veterans and military service members.


With the increase in battlefield survival rates of military personnel serving in Iraq and Afghanistan, service members live with more complex casualties, which led the VA to coin the word “polytrauma” to describe multiple injuries to one person, the most prevalent of which is traumatic brain injury, but also can include post-traumatic stress disorder, multiple amputations, burns, auditory and visual impairments and mental health issues.


In 2005, Cornis-Pop helped conceive, develop and implement the VA’s Polytrauma System of Care, an integrated network of facilities that provide specialized programs to help wounded men and women recover, and move from acute care to outpatient rehabilitation and reintegration into the community. She now leads and manages the system, developing policies and procedures and monitoring their implementation.

“We have a direct impact on how health care is delivered and is impacting veterans and service members, and that is tremendously gratifying,” said Cornis-Pop, national program manager of the Polytrauma System of Care at the Veterans Health Administration, Rehabilitation and Prosthetic Services, at the VA.

She also is responsible for providing education opportunities for VA health care providers who treat traumatic brain injuries. And the system works with another 39 VA locations that provide some, but not all elements of comprehensive polytrauma rehabilitation care, to define the care those facilities can provide and help make the decision when to refer patients to another level of care.

In addition, Cornis-Pop was the lead author and editor of a “massive project” to publish a 166-page book that came out in April 2010, which serves as an accredited independent study course on traumatic brain injury for members of VA health care teams around the country, said Joel Scholten, director of Special Projects at the Physical Medicine and Rehabilitation Program Office (PM&R), which manages the Polytrauma System of Care. Nearly 12,000 clinicians have completed the course between April 2010 and July 2012, using either the book or a Web version of it.

Cornis-Pop “has the innate ability to pull people together and get focused on a task and think creatively, and, most amazingly, develop an end product that is useful and veteran-centric,” Scholten said. “She develops programs and projects that have been sustained because they are clinically relevant. It’s not just policy that is developed and sits there.”

Dr. David Cifu, national director of the PM&R office, not only relies on Cornis-Pop to coordinate the care programs around the country but also to respond to outside requests for information, including from Congress. “She’s the person who makes it all happen,” he said. “She doesn’t care about getting credit. She just gets things done. That’s gold.”

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Sengkang West LRT loop now fully operational

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SINGAPORE: Some commuters in Sengkang will find it easier to get around the estate on the LRT.

On Tuesday, the trains on the Sengkang West LRT ran in both directions throughout the day, instead of only during the morning and evening peak hours.

Cheng Lim LRT Station, which is on the Sengkang West LRT, also started operations on Tuesday.

Previously, trains on the Sengkang LRT ply either one of the two loops - the East Loop or the West Loop.

The trains were crowded, especially during the peak hours on weekdays and on weekends.

SBS Transit hopes the move will better meet the travel needs of commuters.

It added that an additional 1,033 trips will be added to the line each week.

- CNA/fa



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Pakistani judicial panel to arrive in India by end of January

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NEW DELHI: The Pakistani judicial commission, which will cross examine four witnesses in 26/11 terror attack case, is expected to arrive here by the end of January after approval of the Bombay high court.

The agreement on the visit of the second Pakistani judicial commission to Mumbai was finalised on December 25 in Islamabad following several rounds of discussions on complex technical and legal issues between a four-member visiting Indian delegation and Pakistani officials.

The home ministry will approach the Bombay high court within a day or two to seek its approval for the visit of the Pakistani panel and cross examination of the four witnesses of the Mumbai terror attack case, official sources said.

The witnesses are Metropolitan Magistrate Rama Vijay Sawant-Waghule, who recorded the confessional statement of hanged terrorist Ajmal Kasab, chief investigating officer Ramesh Mahale and two doctors from the state-run Nair and JJ Hospitals who had conducted autopsies of nine terrorists.

The cross examination of the four witnesses is required to take the ongoing 26/11 case in a Rawalpindi court to its logical conclusion.

Seven terrorists, including Lashkar-e-Taiba operations commander Zakiur Rehman Lakhvi, were charged with planning, financing and executing the attacks that killed 166 people in Mumbai in November 2008.

Once the approval of the high court is received, New Delhi will convey the same to Islamabad which in turn will inform the Lahore high court for intimation to the Rawalpindi court.

During its visit, the Indian team secured assurance from Pakistani authorities that the findings of the second judicial commission would not be summarily rejected by the anti- terrorism court that is conducting the trial of seven men.

The findings of the first Pakistani judicial commission that visited India in March 2012 were rejected by the anti-terrorism court as the panel's members were not allowed to cross-examine the Indian witnesses.

After the judicial panel visits India and cross examines the four witnesses, Islamabad will be expected to reciprocate by granting an Indian judicial commission access to Pakistani suspects when it visits the country at a later stage.

The trial of the Pakistani suspects has made little or no headway for months due to various technical and legal issues.

The Lahore high court has barred the anti-terrorism court from using Kasab's confession while defence lawyers have contended that existing Pakistani laws do not allow witnesses in another country to depose via video conferencing.

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Space Pictures This Week: Ice “Broccoli,” Solar Storm

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Senate Approves 'Fiscal Cliff' Deal, Sends to House

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Two hours after a midnight deadline for action, the Senate passed legislation early New Year's Day to avert the so-called fiscal cliff with an overwhelming vote of 89-8.


Senate passage set the stage for a final showdown in the House, where a vote could come as early as today.


"While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country and the House should pass it without delay," President Obama said in a statement shortly after the vote.


"There's more work to do to reduce our deficits, and I'm willing to do it. But tonight's agreement ensures that, going forward, we will continue to reduce the deficit through a combination of new spending cuts and new revenues from the wealthiest Americans."


The bill extends Bush-era tax cuts permanently for individuals making less than $400,000 per year and couples making less than $450,000 but allows the top marginal tax rate on incomes above those levels to rise to 39.6 percent.


Capital gains taxes would rise to 20 percent from 15 percent.


The measure would raise the estate tax from 35 to 40 percent for estates larger than $5 million, prevent the alternative minimum tax from hammering millions of middle-class workers and extend unemployment benefits for one year.








'Fiscal Cliff': Lawmakers Scramble for Last-Minute Deal Watch Video









Lawmakers also decided at the last minute to use the measure to prevent a $900 pay raise for each member of Congress due to take effect this spring.


The steep "sequester" budget cuts scheduled to go into effect with the New Year -- a $1.2 trillion hit to defense and domestic programs -- would be postponed for two months.


"I've said all along our most important priority is protecting middle-class Americans, this legislation does that," Senate Majority Leader Harry Reid, D-Nev., said early this morning prior to the vote.


The deal at hand does little to address the nation's long-term debt woes, however, and does not entirely solve the problem of the "fiscal cliff."


Indeed, the last-minute compromise -- far short from a so-called grand bargain on deficit reduction -- could set up a new showdown on the same spending cuts in two months amplified by a brewing fight on how to raise the debt ceiling beyond $16.4 trillion. That new fiscal battle has the potential to eclipse the "fiscal cliff" in short order.


Reid said he is "disappointed" they were unable to achieve a broader deal but that the compromise was necessary.


"We tried," he said. "If we did nothing, the threat of a recession is very real."


Speaking after Reid, Senate Minority Leader Mitch McConnell, R-Ky., called the deal an "imperfect solution" and noted this should not be the model on how things get done in the Senate.


McConnell also thanked Vice President Joe Biden, who visited Capitol Hill late Monday night and brokered the deal with Senate Republicans.


The measure must now move to the Republican-led House.


Five Senate Republicans and three Democrats voted against the plan, but the large margin of passage was seen as boosting the bill's prospects in the House, even though fiscal conservatives were poised to vehemently oppose the deal when it comes to the floor for a vote.


House Speaker John Boehner of Ohio said the House would not vote on any Senate-passed measure "until House members, and the American people, have been able to review" it.






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India's cash-to-the-poor welfare reform starts

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NEW DELHI: India's government is to roll out on Tuesday the first phase of its hugely ambitious plans to hand out cash to welfare claimants in what it considers a "game-changer" policy 18 months ahead of elections.

Finance Minister P Chidambaram, speaking before the start of the direct cash transfers on January 1, said 20 out of India's 629 districts would change over to the new system with a further 23 to follow in February and March.

In all, money for 23 separate welfare schemes -- mostly education funds which were previously disbursed to third parties by the central government -- will now be paid into the bank accounts of an estimated 200,000 beneficiaries.

"This is a game-changer for governance... this is a game-changer in how we account for money, it is game-changer in how the benefits reach the individual," Chidambaram told a press conference on Monday.

For example, scholarships for higher education for low-caste students which were previously paid to a university would instead be transferred directly to the individual who would then pay for his or her studies.

The advantage is that the government can confirm the money has reached the intended claimant, without them having to pay bribes to secure their due or officials diverting the funds for other purposes.

Critics counter that the government has been too quick in pushing forward a pet project and is bound to face enormous implementation problems because of the complex technology and public administration required.

Chidambaram said that there was no intention at this stage to start handing out cash in place of subsidised food, fuel and fertiliser -- three key benefits for the poor included in India's US$61-billion annual welfare budget.

"There will be glitches. There will be a problem here or a problem there. These will be overcome by our people standing out in the districts," added Chidambaram, who said the cash scheme would be rolled out nation-wide.

Mexico and Brazil are considered the world leaders in cash welfare schemes, using their Progresa/Oportunidades and Bolsa Familia programmes respectively to target the poor.

- AFP/xq



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Prayers for Ajmal Kasab at mosque: Police launch probe

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KOCHI: Police have launched an investigation into the offering of prayers at a mosque here for Ajmal Kasab, who was hanged for carrying out the Mumbai terror attack in 2008.

The prayers were reportedly offered by an imam on November 23 after the Friday namaz at the mosque at nearby Trikkakara. After the namaz, prayers were offered for departed souls and the priest had reportedly included the name of Kasab.

When the incident leaked out, police began a probe and questioned the mosque's authorities and those who had participated in the prayers.

The managing committee of the mosque removed the imam from the post after learning about the incident, committee sources said.

Investigation is on, police said. Kasab was hanged in Yerawada jail in Pune on November 21.

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How to Banish That New Year's Eve Hangover

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For those of us who enjoy the occasional cocktail, the holiday season would be incomplete without certain treats of the liquid variety. Some look forward to the creamy charms of rum-laced eggnog; others anticipate cupfuls of high-octane punch or mugs of warm, spiced wine.

No matter what's in your glass, raising one as the year winds down is tradition. What could be more festive? The problem is, one drink leads to two, then the party gets going and a third is generously poured. Soon, the music fades and the morning arrives—and with it, the dreaded hangover. (Explore a human-body interactive.)

Whether it's a pounding headache, a queasy stomach, sweating, or just general misery, the damage has been done. So now it's time to remedy the situation. What's the quickest way to banish the pain? It depends who you ask.

Doctors typically recommend water for hydration and ibuprofen to reduce inflammation. Taking B vitamins is also good, according to anesthesiologist Jason Burke, because they help the body metabolize alcohol and produce energy.

Burke should know a thing or two about veisalgia, the medical term for hangover. At his Las Vegas clinic Hangover Heaven, Burke treats thousands of people suffering from the effects of drinking to excess with hydrating fluids and medications approved by the U.S. Food and Drug Administration.

"No two hangovers are the same," he said, adding that the unfavorable condition costs society billions of dollars-mostly from lost productivity and people taking sick days from work.

Hot Peppers for Hangovers?

So what's the advice from the nonmedical community? Suggestions range from greasy breakfasts to vanilla milkshakes to spending time in a steamy sauna. A friend insists hot peppers are the only way to combat a hangover's wrath. Another swears by the palliative effects of a bloody mary. In fact, many people just have another drink, following the old "hair of the dog that bit you" strategy.

Whether such "cures" actually get rid of a hangover is debatable, but one thing's for sure: the sorry state is universal. The only people immune to hangovers are the ones who avoid alcohol altogether.

So for those who do indulge, even if it's just once in awhile, see our interactive featuring cures from around the world (also above). As New Year's Eve looms with its attendant excuse to imbibe, perhaps it would be wise to stock your refrigerator with one of these antidotes. Pickled herring, anyone?


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