Archive for January, 2012

Fitch downgrades Italy, Spain, Cyprus, & Belgium

Fitch downgrades Italy, Spain, Cyprus, & Belgium

| 27/01/2012 | 2 Comments
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January 27, 2012

Fitch has downgraded the credit ratings of Belgium, Cyprus, Italy, and Spain citing “near-term vulnerability to monetary and financial shocks”. Fitch cut Italy’s rating to A-minus from A-plus; Spain to A from double-A minus; Belgium to double-A from AA plus; Slovenia to A from AA- and Cyprus to -BBB from BBB. almost near junk status. Earlier in the month Standard and Poor downgraded nine euro zone countries, this move signals move troubles for the beleaguered euro region.

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Facebook may file for IPO next week

Facebook may file for IPO next week

| 27/01/2012 | 3 Comments
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GFBC NEWS NETWORK

January 27, 2012

Social media behemoth, Facebook is expected to file it’s IPO next week and has chosen Morgan Stanley to be the lead underwriter. According to CNBC, the company is looking to valuate the company at an estimated value of between $75-100 billion, according to the report. It is rumored that Facebook’s IPO is putting a damper on Yahoo, as it looks for possible suitors to reestablish itself back into prominence. Yahoo is facing challenging times as it’s founder, Jerry Yang recently resigned his board seat and other positions at the embattled company. Facebook follows other social media companies that went public, such as Linked in that went public May 20th of 2011. Linked-in is currently trading under the ticker symbol LNKD on the New York Stock Exchange.

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“106 & PARK” Talks Teens and Parenting with Special Episode “Young,Single & Parenting” on Monday, January 30, 2012 at 6 PM*

“106 & PARK” Talks Teens and Parenting with Special Episode “Young,Single & Parenting” on Monday, January 30, 2012 at 6 PM*

| 26/01/2012 | 1 Comment
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SPECIAL GUEST APPEARANCES BY DR. MICHELLE, DR. TARTT, RAPPERS DON TRIP (“LETTER TO MY SON”) AND TRAY CHANEY (“FATHERHOOD”)

On Monday, January 30, “106 & PARK” will air a special episode dedicated to young parents titled “Young, Single & Parenting.” The live, 90-minute special will deal exclusively with issues affecting young parents focusing specifically on the realities of African American youth.

Hosted by Terrence J and Rocsi, “106 & PARK Presents: Young, Single & Parenting” will speak directly to youths in the trenches – young people who are currently parents and those expecting. Participants will be informed of the responsibilities they can expect, the resources available and their rights as parents.

“We are proud of our place as the only daily source of Black Youth culture on television and we know it’s about more than music, celebrities and fun,” said Stephen Hill, BET’s President of Music Programming and Specials. “On 106 & PARK, we’ve taken the time to discuss relationship violence, teen body image issues, AIDS prevention and other topics relevant to our audience. Many in our audience are young parents and need more information and guidance than they’re getting about how to work through certain issues; not the least of which is working on the relationship with the other parent for the benefit of the child. It’s our hope that this special edition of 106 & PARK will help strengthen young families,” said Hill.

On “Young, Single & Parenting” viewers will hear live testimonials from young, single parents in our studio audience. Rappers Don Trip and Tray Chaney, both young parents, will join the show to discuss their videos – Trip’s “Letter to My Son” feat. Cee-Lo Green and Chaney’s “Fatherhood.” In-studio experts, Dr. Michelle (www.drmichelle.com) and Dr. Tartt (www.drtartt.com), will be on hand to answer questions submitted via a live online chat on BET.com/YSPTips.

In addition to answering questions live, viewers can join the conversation by logging on to BET’s multiple social media platforms:

— On Facebook by liking the fan page at facebook.com/BET106andPark
— On Twitter by using hash tags: #YoungSingleParent; follow the show for
all updates @106andPark and @BET.
— On Google plus at bet.us/gplus106
On mobile, users can join this interactive experience through BET’s106 & Park Appon their mobile devices. For more information on “106 & PARK Presents: Young, Single & Parenting,” visit BET.com/106Cares. “106 and PARK Presents: Young, Single & Parenting” airs LIVE, Monday, January 30th at 6:00PM*.

*All times ET/PT.

About BET NetworksBET Networks, a subsidiary of Viacom Inc. (NYSE: VIA, VIA.B), is the nation’s leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience. The primary BET channel reaches more than 98 million households and can be seen in the United States, Canada, the Caribbean, the United Kingdom and sub-Saharan Africa. BET is the dominant African-American consumer brand with a diverse group of business extensions: BET.com, a leading Internet destination for Black entertainment, music, culture, and news; CENTRIC, a 24-hour entertainment network targeting the 25- to 54-year-old African-American audience; BET Digital Networks – BET Gospel and BET Hip Hop, attractive alternatives for cutting-edge entertainment tastes; BET Home Entertainment, a collection of BET-branded offerings for the home environment including DVDs and video-on-demand; BET Event Productions, a full-scale event management and production company with festivals and live events spanning the globe; BET Mobile, which provides ringtones, games and video content for wireless devices; and BET International, which operates BET in the United Kingdom and oversees the extension of BET network programming for global distribution.

Source: BET NETWORKS

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ISLAND INN HOTEL, BARBADOS, FEATURES CHARM WHILE NESTLED AMIDST UNESCO WORLD HERITAGE SITE IN HISTORIC GARRISON AREA

ISLAND INN HOTEL, BARBADOS, FEATURES CHARM WHILE NESTLED AMIDST UNESCO WORLD HERITAGE SITE IN HISTORIC GARRISON AREA

| 26/01/2012 | 2 Comments
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Bridgetown, Barbados (Jan. 26, 2012) – Travelers heading to Barbados and staying at the boutique, all-inclusive, Island Inn Hotel (www.IslandInnBarbados.com) are offered more than just the warm Caribbean temperatures set amidst a stunning backdrop. Conveniently located in among the UNESCO world heritage site in the Garrison Historic Area of Barbados, Island Inn creates for the perfect setting to enjoy while on a tropical vacation steeped with a rich, historic past.

Island Inn Hotel Barbados

The all-inclusive property is less than one mile from the centre of Bridgetown located in the Garrison Historic Area of Barbados – a UNESCO world heritage site, which also boasts shops and nightlife and an abundance of history.

The Barbados Garrison was established in 1780 as the largest in the Bristish colonies with their primary role as defender the island from invasions. Since then, the Garrison has contributed significantly to the area, especially in terms of architecture. Historic, architecturally memorable buildings in the area include St. Ann’s Fort, which is now home to the Barbados Defense Force; the Main Guard; the Barbados Museum and Historical Society, which was originally a military prison; the George Washington House, where the president of the United States stayed in 1751 as well as the Pavillion Court which served as the Garrison hospital. One of the main and most sought after attractions is the world’s largest collection of 17th century English Cannon and the Garrison Savannah, which is home to the Barbados Turf Club and hosts horse racing on Saturdays throughout the racing season.

An honor for Barbados, being recognized as a UNESCO world heritage site creates a national identity for the island. The historic buildings offer greater value to the area as well as creating a tourism destination that is rich in history and heritage along with one of the world’s most popular tropical vacation destinations.

Guests looking for an educational and memorable vacation while in the tropics will enjoy a stay at Island Inn. An all-inclusive, Island Inn getaway includes hotel accommodations, breakfast, lunch, dinner, afternoon tea and all beverages (except specialty wines, champagne and bottled water) as well as in-pool scuba lessons (available upon request). Rates start at US$300 per room, per night, based on double occupancy.

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PERPETRATORS OF ‘HEINOUS’ ATTACKS IN NIGERIA MUST BE BROUGHT TO JUSTICE – SECURITY COUNCIL

PERPETRATORS OF ‘HEINOUS’ ATTACKS IN NIGERIA MUST BE BROUGHT TO JUSTICE – SECURITY COUNCIL

| 26/01/2012 | 1 Comment
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The Security Council has strongly condemned the multiple terrorist attacks that occurred in Kano, Nigeria, in recent days, causing numerous deaths and injuries, and underlined the need to bring the perpetrators to justice.

The 15-member body expressed its deep sympathy and condolences to the victims of these “heinous crimes” and their families, and to the people and Government of Nigeria, in a statement issued to the press last night.

Multiple attacks across Kano last week resulted in large-scale casualties and massive destruction to property, with media reports saying that some 150 people were killed during a series of explosions targeting police buildings and immigration centres around the northern city.

“The members of the Security Council reaffirmed that terrorism in all its forms and manifestations is criminal and unjustifiable, regardless of its motivation, wherever, whenever and by whomsoever committed, and should not be associated with any religion, nationality, civilization or ethnic group,” said the statement.

“The members of the Security Council underlined the need to bring perpetrators, organizers, financiers and sponsors of these reprehensible acts of terrorism to justice, and urged all States, in accordance with their obligations under international law and relevant Security Council resolutions, to cooperate actively with the Nigerian authorities in this regard.”
Jan 26 2012 11:10AM

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Bermuda CableVision Moves to Avail-TVN for VOD Services

Bermuda CableVision Moves to Avail-TVN for VOD Services

| 24/01/2012 | 0 Comments
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RESTON, VA, Jan 24, 2012 (MARKETWIRE via COMTEX) — Avail-TVN, the leading independent digital media services company in North America, today announced that Bermuda CableVision has become the latest CALA-based service provider to move its video on demand (VOD) service to Avail-TVN. Bermuda CableVision is the island’s largest provider of digital cable TV and is the only supplier of high-definition TV in Bermuda. As of December 1, 2011, Avail-TVN is delivering VOD content in HD/SD and 3D from studios, networks and specialty content providers, making it available to Bermuda CableVision’s digital subscribers.

“Bermuda CableVision has distinguished itself by offering high quality digital television supported by our advanced, island-wide network,” said Terry Roberson, General Manager, Bermuda CableVision. “By working with Avail-TVN, we can offer our subscribers the premium content and advanced services that give us a competitive edge in a growing market.”

Avail-TVN works with service providers in the U.S. and internationally to help them access and distribute new release and library titles from major Hollywood studios in multiple formats including 3D, HD and across multiple devices. With a decade-long history of protecting and distributing premium content, Avail-TVN is uniquely positioned to enable service providers to increase the amount and quality of content available to subscribers. For service providers launching TV Everywhere initiatives, Avail-TVN’s Adaptive Bitrate (ABR) offering allows service providers the ability to deliver the best picture quality based on the user’s bandwidth and device capability. Avail-TVN’s presence in the Caribbean and Latin America has been growing over the past year, currently reaching digitally-enabled households in more than 20 markets.

“Service providers turn to Avail-TVN for innovative solutions, the highest quality content and unparalleled support,” said Jim Riley, chief revenue officer, Avail-TVN. “Years of working successfully with top studios, broadcast and cable network partners has given Avail-TVN the access and expertise required to offer new and premium content to our service provider customers. We are thrilled to be working with Bermuda CableVision as they expand their VOD service.”

About Bermuda CableVision Bermuda CableVision is the island’s leading provider of digital cable TV, including today’s top-rated and most in-demand networks, along with high-speed, reliable broadband services. The company is the only supplier of high-definition TV in Bermuda. Its HD tier line-up now includes over 25 channels of theatre quality pictures and surround sound. Bermuda CableVision’s advanced, island-wide fibre-based network is designed to meet evolving customer needs well into the future. http://www.cablevision.bm/

SOURCE: Avail-TVN

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CARIBBEAN COMMUNITY RECOGNISES FALKLANDS’ RIGHT TO SELF-DETERMINATION

CARIBBEAN COMMUNITY RECOGNISES FALKLANDS’ RIGHT TO SELF-DETERMINATION

| 24/01/2012 | 1 Comment
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GRENADA, Jan 24 (NNN-MERCOPRESS) — Ministers attending the Seventh Ministerial United Kingdom-Caribbean Forum have agreed an Action Plan, which recognises the right of self determination for the Falkland Islanders.

The meeting, held in Grenada, was held under the theme “Prosperity Towards Sustainable Growth” and was attended by the UK Government and members of the Caribbean Community organization (CARICOM).
Numerous Caribbean Heads of Government and Ministers attended the meeting, with the UK represented by the Foreign Secretary William Hague and Overseas Territories Minister Jeremy Browne as well as Home Office Minister James Brokenshire and Minister of State for International Development Alan Duncan.
The forum agreed an Action Plan containing agreements on a range of issues from climate change to sustainable development.
Of great significance to the Falkland Islands, the Forum agreed: “To support the principle and the right to self determination for all peoples, including the Falkland Islanders, recognising the historical importance of self-determination in the political development of the Caribbean, and its core status as an internationally agreed principle under the United Nations Charter”.
Member of the Legislative Assembly Jan Cheek said: “We are delighted to have our rights recognized by our friends in the Caribbean. We have much in common with island states all around the world, and we have long maintained our right as a people to determine the future of our home and country. This basic right is what the Argentine Government is trying to deny us.”
The Action Plan endorses the position of the Falkland Islands people, who have chosen to retain their status as a British Overseas Territory. The Argentine Government claim sovereignty of the Falkland Islands, and have adopted a policy of isolating the Falkland Islands from South America. — NNN-MERCOPRESS

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U.N. “Outraged” at Sexual Abuse by Peacekeepers in Haiti

U.N. “Outraged” at Sexual Abuse by Peacekeepers in Haiti

| 23/01/2012 | 3 Comments
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By Thalif Deen

U.N. peacekeepers and U.S. soldiers secure a food distribution point in Haiti in the aftermath of the Jan. 12, 2010 earthquake. Credit:UN Photo/Sophia Paris

UNITED NATIONS, Jan 23, 2012 (IPS) – The Caribbean nation of Haiti, still struggling to recover from the devastating 2010 earthquake, is once again trying to cope with the sexual abuse of minors by U.N. peacekeepers – for the third time in five years.

The two cases of “sexual exploitation and abuse involving minors”, reported last week, are traced to U.N. police officers serving with the U.N. Mission in Haiti (MINUSTAH).

“The United Nations is outraged by these allegations and takes its responsibility to deal with them extremely seriously,” U.N. spokesman Martin Nesirky told reporters Monday.

In view of the gravity of the situation – and the recurrence of sexual abuse by peacekeepers in Haiti – the United Nations has already dispatched a team of officials to the Haitian capital of Port-au-Prince “to investigate these allegations with the utmost determination”.

MINUSTAH is emphasising the responsibility and accountability of the chain of command in both preventing and taking prompt action when such allegations arise, Nesirky said.

The mission will take action to support the alleged victims, he added. But he did not disclose the nationalities of the police officers involved.

Unlike cases involving U.N. military personnel – who are answerable only to their home countries – investigations into allegations involving U.N. Police fall under the responsibility of the United Nations.

The civilian and police personnel serving in peacekeeping missions are treated as international civil servants under the authority of the United Nations.

Mariano Fernandez, the secretary-general’s special representative and head of MINUSTAH, said: “I want to reiterate my commitment to uphold the policy of zero tolerance of abuse by the staff of the Mission.”

Each member of the U.N. personnel, whether he or she is a civilian, member of the military or police, must observe a standard of exemplary conduct, he added.

“This is a commitment that is required when joining the United Nations, anywhere in the world.”

“We will continue to take the strictest measures to ensure, where appropriate, that the perpetrators of such acts are punished with the utmost severity,” he added.

Back in November 2007, about 108 military personnel from Sri Lanka serving in Haiti were deported to their home country after being accused of sexual exploitation and sexual abuse of minors.

One of the expelled peacekeepers was quoted in a local newspaper as saying, rather defiantly, “What do you expect us to do when the U.N. is providing us with free condoms?”

Since the United Nations has no political or legal authority to penalise military personnel, most of them escape punishment for their criminal activities because national governments have either refused or have been slow in meting out justice within their own court systems.

Last year, five U.N. peacekeepers from Uruguay were accused of sexually assaulting a Haitian teenager, which was caught on tape, triggering public demonstrations and anti-U.N. protests in the streets of Port-au-Prince.

But early this month, all five were freed by a Uruguayan military court because the 18-year-old Haitian victim could not be traced.

The Uruguayans have promised to re-open the case if the youth appears in court.

In 2007, it was reported that girls as young as 13 were having sex with U.N. peacekeepers in Haiti for as little as a dollar, Ezili Dant, president of the Haitian Lawyers Leadership Network (HLLN), said in a letter to the United Nations.

The continued sexual abuse of minors in Haiti – and also in other peacekeeping missions in the Democratic Republic of Congo (DRC) and Cote d’Ivoire – has alarmed the United Nations.

Allegations of abuse have dogged U.N. peacekeeping missions since their inception over 50 years ago.

The issue was thrust into the spotlight after the United Nations found, in early 2005, that peacekeepers in Congo had sex with Congolese women and girls, usually in exchange for food or small sums of money.

The U.N. peacekeeping department instituted a “zero tolerance” policy toward sexual abuse, a new code of conduct for its more than 110,000 peacekeepers deployed around the world, and new training for officers and all U.N. personnel.

But that has not deterred the continued sexual abuse of women and minors in peacekeeping missions worldwide.

The United Nations says it has done much to confront the problem since 1999, when U.N. peacekeepers in Bosnia were reported to have been involved in a sex-trafficking ring.

In 2003, the United Nations issued a “zero tolerance” policy for sexual exploitation and abuse.

Currently, all peacekeepers undergo extensive training with a major focus on sexual conduct.

(END)

Source: IPS

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US jury selection opens in cricket mogul trial

US jury selection opens in cricket mogul trial

| 23/01/2012 | 6 Comments
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(AFP) – 2 hours ago

Jury selection began Monday in the trial of the fallen financier and cricket mogul Allen Stanford, pictured in 2009 (AFP/Getty Images/File, Dave Einsel)

HOUSTON, Texas — Jury selection began Monday in the trial of the fallen financier and cricket mogul Allen Stanford, accused of running a $7 billion Ponzi scheme, according to an attorney for the firm representing him.
The Houston Chronicle reported that 80 potential jurors were interviewed Monday, and that the selection would continue on Tuesday.
Stanford, 61, has spent three years since his arrest in a federal prison in Houston, and the mustachioed ex-tycoon may give evidence in a case watched closely by myriad investors who still don’t know if they will get any of their money back.
Stanford has pleaded not guilty to a revised 14-count federal indictment accusing him of bilking approximately 30,000 investors from over 100 countries through bogus investments with Stanford International Bank, based in Antigua.
As a dual citizen of the United States and the Caribbean country of Antigua and Barbuda, Stanford was known for conspicuous largesse, especially on the two islands, where he was knighted.
In the West Indies he created the Stanford 20/20 Cricket tournament which, in 2008, captured a global television audience of 300 million.
But his personal fiefdom began to crumble when it attracted scrutiny from US financial regulators and he was charged by the US Securities and Exchange Commission (SEC) with fraud in February 2009.

According to the indictment, Stanford “perpetrated a scheme to defraud investors who purchased SIB (certificates of deposit) of billions of dollars by soliciting funds under false pretenses.”
He then failed to invest those funds as promised, misappropriated money for personal use, created and disseminated false and fraudulent accounts to falsely show investors how their funds had been invested, and funneled bribes to Antiguan regulators to conceal the scheme, said prosecutors.

Stanford was arrested in June 2009 outside his girlfriend’s home in the US state of Virginia.
In 2006, Forbes Magazine ranked Stanford as the 605th richest person in the world, with a fortune of $2.2 billion. After most of those funds were frozen by the courts, Stanford was forced to accept appointed counsel.
Copyright © 2012 AFP. All rights reserved.

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SERENA EXITS EARLY AT AUSTRALIAN OPEN !!!

SERENA EXITS EARLY AT AUSTRALIAN OPEN !!!

| 23/01/2012 | 2 Comments
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Serena Williams looks to the skies during her fourth-round defeat at the Australian Open. Photograph: Nicolas Asfouri/AFP/Getty Images

Serena Williams exited the 2012 Australian Open early after being trounced in a mere twenty-two minutes. Serena Williams has lost at the Australian Open for the first time since 2008, struggling with her serve and hitting too many unforced errors in a shocking 6-2, 6-3 fourth-round defeat to Ekaterina Makarova. Questions have began to surface regarding the 30 year old’s commitment to the game. Her opponent the No. 56 ranked, Ekaterina Makarova surprised her with tremendous groundstrokes.”I don’t know what to say,” the 23-year-old Makarova said. “Amazing feeling and first time in quarter-finals. Williams is an unbelievable player. It’s really tough to play against her so I’m really happy I finished it in my way.”

Willams, hit 37 unforced errors in 6-2, 6-3 defeat. Williams had lost only two matches at the Australian Open since winning the first of her five titles here in 2003.

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