Monday, April 22, 2013

Insight: Pakistan cleric tries hand at politics

By Michael Georgy

JHANG, Pakistan (Reuters) - When Maulana Ahmed Ludhianvi greets supporters on the Pakistan election trail, he opens his pitch with the kind of promises to the poor that any other politician might make.

But behind the reassuring rhetoric lies what his opponents believe is a dangerous agenda - to gain a foothold in parliament and further his designs to oppress Pakistan's Shi'ite minority.

Ludhianvi, a radical Sunni cleric, is a hate figure for Shi'ites who accuse him of devoting his decades-long career to fomenting an escalating campaign of gun attacks and suicide bombings targeting their community.

The prospect that he might win a place in the political mainstream at the May 11 vote horrifies Shi'ites who fear his presence in parliament will give him a much stronger platform to strike out at the sect.

And it looks like Ludhianvi may have a better shot than at the last election in 2008 when he came second. His main rival has been barred from the race and a Reuters visit to his constituency of Jhang, in the heart of populous Punjab province, found no shortage of supporters.

"I cannot bring any change if I am sitting as a layman outside parliament," Ludhianvi, flanked by bodyguards, said in an interview. "If I get into parliament, everyone will be listening to what we want."

As he toured Jhang, which served as the cradle of sectarian extremist groups in the 1980s, people in one village after another emerged from their homes to shower him with rose petals.

"If I get into parliament, I will be able to save this entire country from bloodshed," said Ludhianvi, who wears a thick beard and an embroidered skull cap and projects a commanding presence.

The election is seen as a milestone for Pakistan's fragile democracy, marking the first time a civilian government has completed a full term in a country which a long history of military meddling in politics.

Western powers are hoping the polls might deliver a government capable of grappling with huge domestic challenges and helping the United States bring the Afghan Taliban to the negotiating table ahead of a NATO pullout in 2014.

Any triumph by Ludhianvi at the polls could be read as a sign that sectarianism - now seen as a top security threat - has made a troubling new in-road into the political sphere, which could further polarize the nuclear-armed country.

Ludhianvi was a leader of Sipah-e-Sahaba, a sectarian Sunni group which emerged in Jhang in the mid-1980s with the support of Pakistani intelligence and which has since been linked to hundreds of killings of Shi'ites.

The group's offshoot, Lashkar-e-Jhangvi (LeJ), evolved into one of Pakistan's most feared militant groups and has claimed responsibility for many attacks on Shi'ites, including a series of bombings that killed almost 200 people in the southwestern city of Quetta this year.

Police in Karachi, the commercial capital, suspect LeJ or similar groups are behind a wave of gun attacks on Shi'ites.

Pakistan banned Sipah-e-Sahaba in 2001 under pressure from the United States to crack down on militancy but the group changed its name to Ahle Sunnat Wal Jamat (ASWJ), which Ludhianvi heads.

Pakistan's sectarian fringe has long been plagued by divisions which make it hard to determine what role individual leaders play. But security officials see Ludhianvi as a member of a core group of ideologues whose anti-Shi'ite views have served as a source of inspiration for militants, though he denies any role in violence.

SUNNI-SHI'ITE DIVIDE

The military has in the past quietly supported Islamist politicians and parties in the interest of its own political agenda but it is not clear what stand the military-run security agencies that watch domestic politics are taking this time.

The army chief, General Ashfaq Kayani, has avoided the overt meddling in politics of many of his predecessors and repeatedly insisted the election must be free and fair.

The schism between Sunnis and Shi'ites developed after the Prophet Muhammad died in 632 when his followers could not agree on a successor.

Emotions over the issue have boiled in modern times and even pushed some countries to the brink of civil war. Pakistan is nowhere close to that, but security officials say groups like the LeJ and Sipah-e-Sahaba are stepping up their bloody campaign to persecute Shi'ites and are destabilizing the country.

These days, Ludhianvi is careful to portray himself as a man of peace and is waging a populist campaign to capitalize on resentment of Shi'ite landowners. Coming himself from a modest background, he has vowed to build schools, hospitals and roads.

"This is a tribal area which was ruled by a few rich people who used to treat the poor people like slaves," said Ludhianvi.

"There is no education system or schools for girls and boys. Nobody even tries to build schools or colleges."

But other senior members of his ASWJ party are more vocal about their desire to restrict the rights of Shi'ites.

Aurangzeb Farooqi, head of the party in Karachi, told Reuters in January that Shi'ites should be barred from holding important public office and their public religious activities should be restricted. Farooqi is also running for a seat in the national assembly.

In Jhang, Ludhianvi's blend of populism and sectarianism has earned him considerable grassroots appeal. He won 45,000 votes at the 2008 election, placing him second to Sheikh Waqas who won with 52,000 votes.

But Waqas has been barred from this election on the grounds that he had presented a fake education certificate, raising Ludhianvi's chances of victory.

Politicians are taking note. Rather than making alliances with big businessmen or going door-to-door for votes, aspiring office holders like Azad Ansari, who is in the wool industry, are rallying behind Ludhianvi.

Ansari once served in the secular PML-N but now hopes Ludhianvi can help him make a mark in politics.

"I will get more popular if I join him," Ansari said.

Such sentiment has fostered a perception that leaders of the PML-N party, which controls Punjab, have deliberately been soft on sectarian groups for fear of alienating potential voters.

These suspicions were compounded when Rana Sanaullah, Punjab's law minister and a PML-N stalwart, campaigned alongside Ludhianvi at a by-election rally in Jhang in 2010.

The spectacle of Ludhianvi reinventing himself sends chills through the Shi'ite community, which may make up to 20 percent of the population, though some estimates put the number lower.

"What can Ludhianvi do? He will do nothing but spread terrorism," said Raza Hussain, a resident of a Shi'ite neighborhood of Jhang.

Some fear that a victory for Ludhianvi and other hardliners at the polls will provide a veneer of political cover for violent sectarian extremists.

"This could be very dangerous," said Amir Rana, an expert on Pakistani militancy. "This would give all of their activities political legitimacy."

But some security officials argue that bringing leaders like Ludhianvi into conventional politics may be a way to weaken the sectarian threat by isolating the most violent elements.

Conscious of the need to project a respectable image, Ludhianvi is careful to avoid the kind of inflammatory rhetoric favored by many in his party.

But the presence of young men wearing headbands with the symbols of banned anti-Shi'ite groups, who hung on Ludhianvi's every word during his whistle-stop tour, keeps Shi'ites on edge.

"He has done nothing for Jhang except terrorism," said Sheikh Hussain, a businessman. "They should be stopped."

(Editing by Nick Macfie)

Source: http://news.yahoo.com/insight-pakistan-cleric-tries-hand-politics-013733217.html

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Sunday, April 21, 2013

Coal Under Threat by Low Natural Gas Prices; Will This Be the End ...

Friday, April 19th, 2013
By Mitchell Clark, B.Comm. for Profit Confidential

Be the End for Railroad StocksCoal is a gigantic problem.

Because 40% or so of total U.S. railroad tonnage is coal?the most important commodity for railroad stocks?the railroad sector is under threat by low natural gas prices.

According to the Association of American Railroads (AAR), the shipping of coal is responsible for about one in five railroad jobs.

One of the first railroad stocks to report its earnings this season was CSX Corporation (NYSE/CSX), based in Jacksonville, Florida. CSX?s numbers were flat, but it beat consensus.

CSX reported first-quarter revenues of $3.0 billion, with growth in merchandise, intermodal, and other sales offsetting a decline in coal shipments.

Earnings were a record $459 million, or $0.45 per share, compared to $449 million, or $0.43 per share. The company increased its quarterly dividend by seven percent and announced a new $1.0-billion share buyback program.

CSX said that it expects average annual earnings-per-share (EPS) growth of 10%?15% starting from the end of this year to 2015 (a positive). Earnings for fiscal 2013 are expected to be flat or down compared to 2012 (a negative,?and below the previous average earnings estimate if that?s meaningful).

Among railroad stocks, CSX is less than half the value of Union Pacific Corporation (NYSE/UNP), which is my benchmark stock for the group.

The AAR releases a lot of statistics that are very useful, even outside the universe of railroad stocks. In 2012, railroads delivered 171,000 carloads of oil and petroleum products for a gain of 46% over 2011. This was less than the trade group previously expected.

According to the U.S. Energy Information Administration, U.S. crude oil production increased by a record 780,000 barrels per day in 2012. About 90% of this oil was transported by pipeline.

This agency also reported that railcar loadings of coal were down about 726,000 carloads, nearly 11%, to just over six million carloads in 2012. This decline is an ongoing issue for railroad stocks.

Still, the group has been very good at maintaining its earnings in light of declining shipments of coal. Railroad stocks are cyclical, but they?ve done very well to create more stability in their businesses. (See ?Keeping It Rolling?U.S. Energy Boom Good News for Railroad Stocks.?)

CSX?s dividend boost was welcome news, and so was its earnings stability. The stock is currently yielding about 2.3%. The new dividend is $0.15 per share, payable on June 14 to shareholders of record on May 31.

The fact that CSX was able to do such a good job controlling costs is an important metric for shareholders. The company reported that it significantly reduced its materials and supplies expenses, while fuel costs were flat with the comparable quarter. Coal shipment revenues were down 13% to $832 million.

I continue to like railroad stocks and the industry as a whole. As more earnings are reported, it?s worth perusing their FORM 10-Qs (quarterly reports mandated by the Securities and Exchange Commission). The shipment of goods is an excellent barometer for the U.S. economy. Coal won?t kill the railroads.

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Source: http://www.profitconfidential.com/stock-market/coal-under-threat-by-low-natural-gas-prices-will-this-be-the-end-for-railroad-stocks/

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Saturday, April 20, 2013

Boehner, Pelosi Hint at Next Showdowns in Congress

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After a "rough" week across the country, House Speaker John Boehner and Minority Leader Nancy Pelosi both addressed tragedy and strategy in their weekly news conferences today, offering their condolences to those affected by the Boston Marathon bombings and the West, Texas, explosion.

"Words alone cannot console the loved ones, but we will do what we can to care for them," Pelosi, D-Calif., said. "With the investigation ongoing, we will make sure that justice is done."

"Our hearts go out to the victims and the people of Boston," Boehner, R-Ohio, added. "[I'm] glad the president's up there today, and I add my prayers to his."

As the investigations in Boston and Texas proceed, inside the beltway Congress continues battling over a series of legislative showdowns.

Pelosi and her leadership team fired off a letter today to the speaker demanding that he appoint conferees to settle differences over the House and Senate-passed budgets.

"Right now the focus is on adopting a budget that reflects our country's values, creates jobs and strengthens the middle class," she said. "The Senate has passed its budget bill?and we're overdue; April 15 was the deadline for us having a budget for a conference report."

When asked whether he intends to comply with Pelosi's request, Boehner encouraged bipartisan informal conversations to continue between House Budget Chairman Paul Ryan and Senate Budget Chairwoman Patty Murray. The speaker predicted that the Democrats' approach would only lead to further political warfare because under House rules, if conferees fail to reach an agreement within 20 legislative days, the minority is able to make procedural motions to score political points.

"The minority has the right to offer motions to instruct, which become politically motivated bombs that?show up on the House floor," Boehner said. "We're following what I would describe as regular order. These informal conversations are underway, and that's the way it should work."

Both Pelosi and Boehner also addressed ongoing immigration reform, and congratulated the Gang of Eight on creating a bipartisan compromise.

"I want to congratulate the Senate Gang of Eight for coming forward with their bill," Boehner said. "I'm sure there's parts of it I would agree with, parts that I would disagree with, but the fact is that they've worked together in a bipartisan fashion to craft this bill."

Pelosi echoed the speaker's sentiments, and admitted that while the bill was commendable, it is not a perfect agreement for either party.

"I feel very confident about how we go forward on the immigration bill. I commend the eight Senators for the work that they did," she said. "Of course, it's a compromise. Would I change things? Of course, but I do think that that's what a compromise is about."

Boehner also noted that reaching compromise legislation among a small group of members does not necessarily prepare every other lawmaker to act on the issue.

"You have to remember, about three-fourths of members of Congress have never dealt with the issue of immigration," he said. "There's a big learning curve that the members are going to have to go through."

Also Read

Source: http://news.yahoo.com/boehner-pelosi-hint-next-showdowns-congress-183635172--abc-news-politics.html

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Apple confirms it keeps Siri data for up to two years (update: Google too)

Apple confirms it keeps anonymized Siri data for up to two years

It's no secret that Apple hangs onto your Siri data for some length of time (as other companies so with search data and the like), but it hasn't been clear exactly how long it keeps that data sitting on its servers. Wired has now cleared that up somewhat, though, hearing from Apple spokesperson Trudy Muller that the company "may keep anonymized Siri data for up to two years." That word follows another report from Wired yesterday that raised concerns about the issue. As Muller notes, the data is immediately deleted if a user turns Siri off at any time, and it's anonymized from the start; neither your Apple ID or email address are stored with a data, but rather a randomly generated number that represents the user and becomes associated with the voice files. That number then gets disassociated from voice clips after six months, but Apple still hangs onto the files for another 18 months for what's described as testing and product improvement purposes.

Update: The Financial Times has confirmed with Google that it, too, keeps your voice search data for up to two years. Google itself has previously detailed how it handles that data, including the added measures put in place when a user opts-in for personalized voice recognition; in that case, electronic keys linked to your account are generated that Google says are "designed to be accessed by machines, not people."

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Source: Wired

Source: http://www.engadget.com/2013/04/19/apple-siri-data-two-years/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Friday, April 19, 2013

China's ZTE says it basically dropped Iran business

By Jason Subler

BEIJING (Reuters) - ZTE Corp, China's second-largest telecoms equipment maker, has essentially stopped doing business in Iran after a U.S. investigation into alleged sales of embargoed equipment, the company's chairman told Reuters on Thursday.

ZTE said in March 2012 that it would curtail business in Iran following a report by Reuters that it sold Iran's largest telecoms firm a powerful surveillance system capable of monitoring telephone and Internet communications. The company is now facing a U.S. criminal investigation over the issue.

"We've basically stopped. We have to continue to service the products we had sold before - we have no choice," Hou Weigui said in an interview in Beijing. "We maintain communication with them to enable locals to carry out maintenance."

Hou's disclosure is the first public acknowledgement of how deeply the scrutiny has affected the company.

While he declined to give details on the amount of business ZTE had done in Iran before, Hou said the compensation it had to pay clients there for breaking contracts, and the fact that it had to halt some shipments even after equipment had been manufactured, were important reasons for the company's first-ever annual loss in 2012, of 2.84 billion yuan ($460.1 million).

Losses in Europe were also a big factor in the poor performance in 2012, he said.

"UNFAIR"

"I think we've really been treated unjustly on this issue. Others are selling the same things, and we weren't even selling the most," Hou said. "Now we face these restrictions, and others in the industry aren't facing any restrictions - they're all still selling. This is a bit unfair."

Hou said local rival Huawei Technologies Co Ltd was still doing business in Iran, but he declined to elaborate.

"We are not in a position to comment on what Huawei and others in the industry are doing. But in any case, they are still involved in the market. But we have stopped," Hou said.

Huawei, in response to a Reuters query on Thursday, repeated a statement it issued in late 2011 that it would no longer seek new customers in Iran and would limit business activity with existing ones.

Hou also said that U.S. moves to restrict sales of Chinese information technology equipment, which affect both ZTE and Huawei, were not fair.

A new U.S. law signed by President Barack Obama in March restricts government purchases of Chinese information technology out of security concerns, and a Congressional committee last October recommended to the U.S. government that Huawei and ZTE should be kept from the U.S. market, and told U.S. companies to stop doing business with both firms.

Hou said ZTE had some communication with the U.S. government on the issues, but he was pessimistic about the possibility of the company being able to change perceptions among lawmakers or the public. In the meantime, ZTE would focus primarily on the handset business in the United States, he said.

"Relying on a company to solve this is far from enough. This is actually an issue of how the two governments approach bilateral trade in high-tech goods," Hou said.

($1 = 6.1723 Chinese yuan)

(Additional reporting by Xiaoyi Shao and Anne Marie Roantree; Editing by Emily Kaiser and Ian Geoghegan)

Source: http://news.yahoo.com/chinas-zte-says-basically-dropped-iran-business-080519218.html

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Lotus driver Romain Grosjean insists they are working hard to make ...

Lotus driver Romain Grosjean insists they are working hard to make improvements ? Formula 1 news

Lotus driver Romain Grosjean has said that he is working hard with his engineers to make improvements in their car to attain better results in the season ahead.

Grosjean took a struggling start to this season as he could only score one point in the season opener with his 10th place finish after setting off from 8th grid slot. Later, he delivered a convincing performance in the Malaysian Grand Prix, but could only secure 6th place finish after taking a start from 11th grid position. Then, he came 9th in the Chinese GP after qualifying for 6th grid position.

On the other hand, his teammate, Kimi Raikkonen has performed tremendously well in the first three rounds of the season. He claimed an impressive victory in the Australian GP and secured an incredible second podium finish in the third race at Shanghai International Circuit in China. The Finn is currently standing at second place in this year?s drivers? championship. Besides, he is ahead of Fernando Alonso of Ferrari and behind Sebastian Vettel of Red Bull Racing.

The French driver has said that he is feeling a little bit frustrated because he has not been able to make the most out of his car in the season until now.

?I would be lying if I said the car is exactly where I want it and we are having quite an adventure to get the setup and feeling from the car how we want it,? Grosjean said. ?This is very frustrating for a driver, as you want your car to be obedient.?

Nonetheless, he expressed that they are trying their best to improve the pace of their car in order to compete well with their rivals. He also said that he is working hard with his race engineers to enhance his pace so as to score competitive points for his team in the forthcoming races.

?Certainly, we're not the only team who are having a difficult time early in the season, but it's something we really want to get on top of as quickly as possible. I'm spending a lot of time with my engineers and we're all working hard to make improvements,? he added.

Source: http://blogs.bettor.com/Lotus-driver-Romain-Grosjean-insists-they-are-working-hard-to-make-improvements-Formula-1-news-a214503

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Wednesday, April 17, 2013

Green Cars Showcased In Sacramento At Green California Summit ...

Sacramento will be the host of hybrid cars, EVs and many new green technologies as the Green California Summit and Exposition takes hold of the Californian city.

On Thursday and Friday, State and Consumer Services Agency Secretary, Anna Caballero, will participate as co-chair of the 7th annual Green California Summit and Exposition at Sacramento?s Convention Center.

Caballero oversees the Building Standards Commission and Department of General Services, two departments heavily involved in green building codes and technology innovation.

?California?s environmental policies and programs are setting the pace for efforts around the U.S. and the world,? said State and Consumer Services Agency Secretary, Anna Caballero. ?If you want to know what?s new, what?s working, and what?s coming, you can?t miss the Green California Summit.?

The organizers said this year?s summit expo features a number of green products and services. The public can get a hands-on look at the latest hybrid or zero-emission vehicles, new building materials, energy efficient lighting, and technologies for onsite power generation.

In addition, for the first time this year, the public can also test drive the latest electric vehicles.

Keynote speakers Jane Long, chair of the California Council on Science and Technology?s ?California?s Energy Future? project and Greg Kats, an internationally recognized innovator in energy efficiency, renewable energy, green buildings and the transition to a low-carbon economy, will demonstrate how sustainability and green technology can go hand in hand with human and economic prosperity.

According to the organizers, California continues to set the pace for green policy, practice, and economic opportunity. In 2011 California set aggressive renewable energy goals requiring that one third of the state?s electricity come from renewable sources. In addition, the state has implemented the first ever carbon-credit auction, and mandated for 1.5 million zero-emission vehicles on its roadways by 2025.

The Green California Summit and Expo, held at the Sacramento Convention Centre is open to the public and is held this week, Thursday April 18th and Friday April 19th.

Source: http://www.hybridcars.com/green-cars-showcased-in-sacramento-at-green-california-summit-and-exposition/

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