2013年1月23日 星期三

Latest News Clips 013.01.24




1.      Barack Obama Inaugural Address 2013: full text  (21 Jan 2013)


 
Vice President Biden, Mr. Chief Justice, Members of the United States Congress, distinguished guests, and fellow citizens:

Each time we gather to inaugurate a president, we bear witness to the enduring strength of our Constitution. We affirm the promise of our democracy. We recall that what binds this nation together is not the colors of our skin or the tenets of our faith or the origins of our names. What makes us exceptional – what makes us American – is our allegiance to an idea, articulated in a declaration made more than two centuries ago:
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty, and the pursuit of Happiness.”

Today we continue a never-ending journey, to bridge the meaning of those words with the realities of our time. For history tells us that while these truths may be self-evident, they have never been self-executing; that while freedom is a gift from God, it must be secured by His people here on Earth. The patriots of 1776 did not fight to replace the tyranny of a king with the privileges of a few or the rule of a mob. They gave to us a Republic, a government of, and by, and for the people, entrusting each generation to keep safe our founding creed.
For more than two hundred years, we have.
Through blood drawn by lash and blood drawn by sword, we learned that no union founded on the principles of liberty and equality could survive half-slave and half-free. We made ourselves anew, and vowed to move forward together.
Together, we determined that a modern economy requires railroads and highways to speed travel and commerce; schools and colleges to train our workers.
Together, we discovered that a free market only thrives when there are rules to ensure competition and fair play.
Together, we resolved that a great nation must care for the vulnerable, and protect its people from life’s worst hazards and misfortune.
Through it all, we have never relinquished our skepticism of central authority, nor have we succumbed to the fiction that all society’s ills can be cured through government alone. Our celebration of initiative and enterprise; our insistence on hard work and personal responsibility, are constants in our character.
But we have always understood that when times change, so must we; that fidelity to our founding principles requires new responses to new challenges; that preserving our individual freedoms ultimately requires collective action. For the American people can no more meet the demands of today’s world by acting alone than American soldiers could have met the forces of fascism or communism with muskets and militias. No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people.
This generation of Americans has been tested by crises that steeled our resolve and proved our resilience. A decade of war is now ending. An economic recovery has begun. America’s possibilities are limitless, for we possess all the qualities that this world without boundaries demands: youth and drive; diversity and openness; an endless capacity for risk and a gift for reinvention. My fellow Americans, we are made for this moment, and we will seize it – so long as we seize it together.
For we, the people, understand that our country cannot succeed when a shrinking few do very well and a growing many barely make it. We believe that America’s prosperity must rest upon the broad shoulders of a rising middle class. We know that America thrives when every person can find independence and pride in their work; when the wages of honest labor liberate families from the brink of hardship. We are true to our creed when a little girl born into the bleakest poverty knows that she has the same chance to succeed as anybody else, because she is an American, she is free, and she is equal, not just in the eyes of God but also in our own.
We understand that outworn programs are inadequate to the needs of our time. We must harness new ideas and technology to remake our government, revamp our tax code, reform our schools, and empower our citizens with the skills they need to work harder, learn more, and reach higher. But while the means will change, our purpose endures: a nation that rewards the effort and determination of every single American. That is what this moment requires. That is what will give real meaning to our creed.
We, the people, still believe that every citizen deserves a basic measure of security and dignity. We must make the hard choices to reduce the cost of health care and the size of our deficit. But we reject the belief that America must choose between caring for the generation that built this country and investing in the generation that will build its future. For we remember the lessons of our past, when twilight years were spent in poverty, and parents of a child with a disability had nowhere to turn. We do not believe that in this country, freedom is reserved for the lucky, or happiness for the few. We recognize that no matter how responsibly we live our lives, any one of us, at any time, may face a job loss, or a sudden illness, or a home swept away in a terrible storm. The commitments we make to each other – through Medicare, and Medicaid, and Social Security – these things do not sap our initiative; they strengthen us. They do not make us a nation of takers; they free us to take the risks that make this country great.
We, the people, still believe that our obligations as Americans are not just to ourselves, but to all posterity. We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations. Some may still deny the overwhelming judgment of science, but none can avoid the devastating impact of raging fires, and crippling drought, and more powerful storms. The path towards sustainable energy sources will be long and sometimes difficult. But America cannot resist this transition; we must lead it. We cannot cede to other nations the technology that will power new jobs and new industries – we must claim its promise. That is how we will maintain our economic vitality and our national treasure – our forests and waterways; our croplands and snowcapped peaks. That is how we will preserve our planet, commanded to our care by God. That’s what will lend meaning to the creed our fathers once declared.
We, the people, still believe that enduring security and lasting peace do not require perpetual war. Our brave men and women in uniform, tempered by the flames of battle, are unmatched in skill and courage. Our citizens, seared by the memory of those we have lost, know too well the price that is paid for liberty. The knowledge of their sacrifice will keep us forever vigilant against those who would do us harm. But we are also heirs to those who won the peace and not just the war, who turned sworn enemies into the surest of friends, and we must carry those lessons into this time as well.
We will defend our people and uphold our values through strength of arms and rule of law. We will show the courage to try and resolve our differences with other nations peacefully – not because we are naïve about the dangers we face, but because engagement can more durably lift suspicion and fear. America will remain the anchor of strong alliances in every corner of the globe; and we will renew those institutions that extend our capacity to manage crisis abroad, for no one has a greater stake in a peaceful world than its most powerful nation. We will support democracy from Asia to Africa; from the Americas to the Middle East, because our interests and our conscience compel us to act on behalf of those who long for freedom. And we must be a source of hope to the poor, the sick, the marginalized, the victims of prejudice – not out of mere charity, but because peace in our time requires the constant advance of those principles that our common creed describes: tolerance and opportunity; human dignity and justice.
We, the people, declare today that the most evident of truths – that all of us are created equal – is the star that guides us still; just as it guided our forebears through Seneca Falls, and Selma, and Stonewall; just as it guided all those men and women, sung and unsung, who left footprints along this great Mall, to hear a preacher say that we cannot walk alone; to hear a King proclaim that our individual freedom is inextricably bound to the freedom of every soul on Earth.
It is now our generation’s task to carry on what those pioneers began. For our journey is not complete until our wives, our mothers, and daughters can earn a living equal to their efforts. Our journey is not complete until our gay brothers and sisters are treated like anyone else under the law – for if we are truly created equal, then surely the love we commit to one another must be equal as well. Our journey is not complete until no citizen is forced to wait for hours to exercise the right to vote. Our journey is not complete until we find a better way to welcome the striving, hopeful immigrants who still see America as a land of opportunity; until bright young students and engineers are enlisted in our workforce rather than expelled from our country. Our journey is not complete until all our children, from the streets of Detroit to the hills of Appalachia to the quiet lanes of Newtown, know that they are cared for, and cherished, and always safe from harm.
That is our generation’s task – to make these words, these rights, these values – of Life, and Liberty, and the Pursuit of Happiness – real for every American. Being true to our founding documents does not require us to agree on every contour of life; it does not mean we will all define liberty in exactly the same way, or follow the same precise path to happiness. Progress does not compel us to settle centuries-long debates about the role of government for all time – but it does require us to act in our time.
For now decisions are upon us, and we cannot afford delay. We cannot mistake absolutism for principle, or substitute spectacle for politics, or treat name-calling as reasoned debate. We must act, knowing that our work will be imperfect. We must act, knowing that today’s victories will be only partial, and that it will be up to those who stand here in four years, and forty years, and four hundred years hence to advance the timeless spirit once conferred to us in a spare Philadelphia hall.
My fellow Americans, the oath I have sworn before you today, like the one recited by others who serve in this Capitol, was an oath to God and country, not party or faction – and we must faithfully execute that pledge during the duration of our service. But the words I spoke today are not so different from the oath that is taken each time a soldier signs up for duty, or an immigrant realizes her dream. My oath is not so different from the pledge we all make to the flag that waves above and that fills our hearts with pride.
They are the words of citizens, and they represent our greatest hope.
You and I, as citizens, have the power to set this country’s course.
You and I, as citizens, have the obligation to shape the debates of our time – not only with the votes we cast, but with the voices we lift in defense of our most ancient values and enduring ideals.
Let each of us now embrace, with solemn duty and awesome joy, what is our lasting birthright. With common effort and common purpose, with passion and dedication, let us answer the call of history, and carry into an uncertain future that precious light of freedom.
Thank you, God Bless you, and may He forever bless these United States of America.

2.   Algeria crisis is a wakeup call for America
Special to CNN    January 19, 2013


(CNN) -- The news that a large number of Westerners, including several Americans, had become hostages in North Africa shook the U.S. once again out of the delusion that it is possible to turn away from the world's problems.

Many Americans would like nothing better than to forget about the rest of the planet and focus on all the challenges crying for attention at home. After more than a decade of fighting costly and painful wars in faraway lands, people have grown weary, tired of worrying about complicated conflicts that seem to have no connection to their own lives.

But then bad things happen.

On Wednesday, in a dramatic operation in Algeria's portion of the Sahara, Islamist militants in the desert attacked a convoy of oil workers -- the people who work to satisfy the world's need for fuel. The jihadists claimed to have captured more than 40 hostages, including Americans, British, French and others. The U.S. called the incident a "terrorist" attack, and what followed has been the typical flurry of confusion -- possible escapes, killings. Without a doubt, the families of the hostages are suffering unbearable anxiety.

Meanwhile, there is a war raging in Mali, neighbor to Algeria. Until recently a democratic state, landlocked Mali is becoming home to terrorism, as Islamist militants affiliated with al Qaeda and its allies have been conquering the country and brutally subjugating the population in the process. France has just sent military forces to the country after a desperate plea from its president.

Fortified with weapons seized from the Libyan war and emboldened by their unstoppable march across Mali, these militant groups have been growing stronger.

The hostage emergency is only the most recent in a dramatic series of events occurring in North Africa over many months. In this chaotic and fluid crisis, we hope the hostages will return safely to their families. But that will not end the bigger crisis in the region.

2013年1月17日 星期四

Latest News Clips 2013.01.17



                
1.      Japan’s Abe Unveils 10.3 Trillion Yen Fiscal Boost to Growth
The Bloomberg    Jan 10, 2013


The Japanese government will spend 10.3 trillion yen ($116 billion) to drive a recovery from a recession, in Prime Minister Shinzo Abe’s first major policy initiative to end deflation and boost growth.

Around 3.8 trillion will be for disaster prevention and reconstruction, with 3.1 trillion yen directed to stimulating private investment and other measures, according to a statement released today by the Cabinet Office. The package will increase gross domestic product by about 2 percentage points and create about 600,000 jobs, according to the statement.

A fiscal boost may help Abe maintain support for his Liberal Democratic Party before upper house elections in July as the yen weakens and stocks rally. The extra spending may heighten concerns that the government’s commitment to fiscal reform is slipping, adding to the risk that a public debt at more than twice the size of the economy may trigger a surge in bond yields.

“Abe will probably give the economy more shots in the arm and turn a blind eye to fiscal discipline until the elections,” said Hiroaki Muto, a senior economist at Sumitomo Mitsui Asset Management Co. in Tokyo. “There’s a risk that long-term bond yields will rise unless the government takes measures to restore fiscal health.”

The government will compile a 13.1 trillion yen extra budget to help pay for the stimulus, according to the statement. The Ministry of Finance told bond investors during meetings yesterday that the extra spending will require additional bond issuance to the market.

2.      Customized mass production using 3D
DW    2012.12.26

Until now, products printed using 3D have mostly been prototypes. But the technology can also be applied to serial production, and is set to revolutionize industry, the nature of production, and consumption.

New components - T-girders and mechanical casings - sit in a heap of powder. The Voxeljet company is printing them using a 3D machine. On the other side of the powder mound, a slider moves back and forth. It's fitted with an extrusion head, like that of an ink-jet printer, which shoots an adhesive into the powder. This is the way components are manufactured using 3D technology: layer by layer.

The technology for printing components in 3D form has already been available for several years. Until now, it has mainly been used for manufacturing rare or expensive prototypes for the research and development departments of major companies. But the technology has advanced enough to be put to use elsewhere, and is now increasingly being used in serial production. The big advantage of this technique is that each component can still be different, even as part of a series.

The sky's the limit
All sorts of objects can be printed directly using 3D technology. The most common process involves selective laser melting (SLM), which works in a similar way to the adhesive process described above. First a laser beam fuses the contours of the object into an extremely thin layer of plastic and metal powder. Then the machine pushes fresh powder over it, and the laser melts on another layer. Layer for layer, a new component is created.

3.      Switzerland initials pact on US tax evasion law
The US Internal Revenue Service expects to collect $8 billion dollars in the next 10 years through Fatca (swissinfo)
swissinfo.ch  Dec 4, 2012
The Swiss government has initialed an agreement with the United States which helps American authorities crack down on wealthy citizens evading taxes in their home country.

The pact, which was agreed upon in Washington and must still be officially signed, approved by parliament and allowed to proceed by the Swiss people, aims to simplify the implementation of the Foreign Account Tax Compliance Act (Fatca), according to a statement by the State Secretariat for International Financial Matters (SIF).

The text of the agreement will be made public once the treaty is officially signed.

US lawmakers adopted Fatca in March 2010 to clamp down on US citizens hiding their assets overseas. It requires foreign financial institutions to agree to notify US authorities of accounts held by US citizens. Fatca is due to be phased in from 2014. The US is the only industrialised country which requires its citizens living abroad to pay taxes.

According to the pact, Americans holding accounts with Swiss financial institutions will be reported to the US tax authorities either with their consent or through administrative cooperation, SIF said in its release.

If the account holder does not consent, information is not exchanged automatically, but only on the basis of the administrative assistance provisions in the double taxation treaty, the secretariat explained. The Swiss-US tax treaty is still under negotiation.

Under Fatca, financial institutions must hold back 30 per cent of all funds paid into undeclared accounts from the US for American tax authorities.

The agreement reached in Washington on Monday excludes institutions providing social security, private pensions and indemnity and property insurance from Fatca, according to SIF.

Institutional costs associated with identifying US clients will be “reasonable” under the initialed pact.

Institutions which refuse or fail to comply with Fatca will face bills for the taxes due, a penalty of 40 per cent of the amount in question as well as heightened scrutiny by the US Internal Revenue Service (IRS). Fatca is expected to raise $8 billion (SFr7.4 billion) in extra tax revenue over the next ten years.
swissinfo.ch and agencies

5.  Flu reaches epidemic level in U.S., says CDC
      Reuter,  Jan 11 2013
 
(Reuters) - Influenza has officially reached epidemic proportions in the United States, with 7.3 percent of deaths last week caused by pneumonia and the flu, the U.S. Centers for Disease Control and Prevention said on Friday.
The early start and fast spread of flu this season - especially after 2011-2012's very mild outbreak - has overwhelmed doctors' offices and hospitals, forcing some patients to wait through the night to be seen in emergency departments.
Nine of the 10 U.S. regions had "elevated" flu activity last week, confirming that seasonal flu has spread across the country and reached high levels several weeks before the usual late January or February, CDC reported.
Only one region - the Southwest and California - had "normal" flu activity last week.
Tens of thousands of Americans die every year from flu, even in non-epidemic years. The threshold for an epidemic is that it causes more than 7.2 percent of deaths, but as yet there is no definitive count of the total caused by flu this year.
In Boston, flu cases are 10 times higher than they were last year, causing Mayor Thomas Menino to declare a public health emergency on Wednesday.
In Illinois, 24 hospitals struggling to cope with the flood of flu cases had to turn away people arriving in the emergency department, while in Pennsylvania, the Lehigh Valley Hospital outside Allentown has set up a tent for people who arrive with less-severe flu.
A total of 20 children have now died from this season's flu, up two from the previous week, the CDC said. That compares to 34 during the full 2011-2012 flu season and 282 during the severe 2009-2010 season.
The outbreak has led to attempts at prevention that go beyond the standard advice of getting vaccinated, avoiding contact with sick people and frequently washing hands with soap.



2013年1月8日 星期二

Latest News Clips 2013.01.10



                    1.      Al-Assad touts plan for resolution, says enemies of Syria 'will go to hell'
CNN     January 7, 2013
        
(CNN) -- Syrian President Bashar al-Assad stood firm Sunday against global calls for him to step down, insisting that his vision should be the foundation of any future solution to the country's crisis.

In a rare public speech, al-Assad lambasted those who want to "fragment Syria" and accused foreigners of helping fuel terrorism on the ground.

"Those are the enemies of the people and the enemies of God. And the enemies of God will go to hell," the president told a packed auditorium of supporters.

Al-Assad laid out a plan for a solution to the crisis, which he said should start with regional countries ending their support for "terrorists." The government frequently describes dissidents as terrorists.

The president's plan includes a national dialogue as well as the writing of a new constitution that would be put up for a public referendum.

But there's a major caveat to the plan: Al-Assad said he will not deal with "terrorists" -- a description that, in his view, includes the vast majority of the opposition.

Similarly, opposition members have said they will not work directly with al-Assad's "criminal" government, nor will they accept any solution that doesn't involve al-Assad's departure.

"There can be no solution to the conflict in Syria until he is pushed out with his team. His speech is continuing the war against the Syrian people," said George Sabra, vice president of the National Coalition of Syrian Revolutionary and Opposition Forces.

In a statement, the opposition coalition described the speech as a "preemptive strike against both Arab and international diplomatic solutions."

2.  Chavez battling 'severe' lung infection, respiratory failure
CNN  January 4, 2013


(CNN) -- Venezuelan President Hugo Chavez is battling a "severe" lung infection that has caused respiratory failure, a top official said.

Chavez, 58, has been hospitalized in Cuba since undergoing cancer surgery more than three weeks ago.

He is following a strict treatment regimen for "respiratory insufficiency" caused by the infection, Venezuelan Information Minister Ernesto Villegas said in a televised statement Thursday night.

The information minister did not provide details about the treatment or prognosis.

How Venezuela is coping with uncertain times

"It is something quite serious in many cases," said Dr. Elmer Huerta, an oncologist and past president of the American Cancer Society.

Chavez is likely on artificial respiration and receiving high does of antibiotics, Huerta told CNN en Español. The situation is further complicated by the fact that Chavez's immune system is already weakened from cancer, he said.
3.  Newsmaker: Republican maverick Hagel forged bond with Obama over Iraq
Reuters   2013.01.06


WASHINGTON (Reuters) - From his lonely position as an early Republican critic of the Iraq war, former Nebraska Senator Chuck Hagel sometimes lectured his more timid Senate colleagues. "If you wanted a safe job, go sell shoes," he told them.
Now Democratic President Barack Obama, putting together his team for his second term, is poised to choose the intensely independent thinker to run the Pentagon. If Hagel is confirmed by the Senate, he will have to oversee the withdrawal of U.S. troops from another war zone - Afghanistan - and grapple with spending cuts.
The formal announcement of Hagel's nomination could come as early as Monday, Democratic Party sources said.
A social conservative and strong internationalist who co-chaired John McCain's failed Republican presidential campaign back in 2000, Hagel might seem an unlikely pick for Obama's Secretary of Defense, were it not for his opposition to the Iraq war launched by former President George W. Bush. That war was the issue on which Obama also rose to national prominence.
Four years ago, Obama said Iraq was not the only matter where he held similar views with Hagel, a decorated Vietnam veteran who was also once touted as presidential material.
"He's a staunch Republican, but Chuck and I agree almost on every item of foreign policy," Obama said in August 2008, a month after taking Hagel with him on a tour of Iraq.
Since his name emerged last year as a candidate for the Pentagon, some Republicans contend that Hagel has at times opposed Israel's interests. His critics note he voted against U.S. sanctions on Iran and made disparaging remarks about the influence of what he called a "Jewish lobby" in Washington.

4.  Regulators ease key bank rule to spur credit

Reuters   2013.01.06
BASEL, Switzerland/LONDON (Reuters) - Global regulators gave banks four more years and greater flexibility on Sunday to build up cash buffers so they can use some of their reserves to help struggling economies grow.
The pull-back from a draconian earlier draft of new global bank liquidity rule to help prevent another financial crisis went further than banks had expected by allowing them a broader range of eligible assets.
Banks had complained they could not meet the January 2015 deadline to comply with the new rule on minimum holdings of easily sellable assets from the Basel Committee of banking supervisors and also supply credit to businesses and consumers.
The committee's oversight body agreed on Sunday to phase in the rule from 2015 over four years, as reported by Reuters on Thursday, and widen the range of assets banks can put in the buffer to include shares and retail mortgage-backed securities (RMBS), as well as lower rated company bonds.
The new, less liquid assets can only be included at a hefty discount to their value, but the changes are a significant move from the draft version of the rule unveiled two years ago.
The Basel Committee, drawn from nearly 30 countries representing nearly all the world's markets, hopes they will stop banks from shrinking loan books to comply with the rule.
"For the first time in regulatory history, we have a truly global minimum standard for bank liquidity," the oversight body's chairman Mervyn King told a news conference in Basel, Switzerland.
"Importantly, introducing a phased timetable for the introduction of the liquidity coverage ratio ... will ensure that the new liquidity standard will in no way hinder the ability of the global banking system to finance a recovery," said King, who is also Bank of England governor.