Wednesday, July 17, 2013

Forget Zimmerman...Four Children Gunned Down in Chicago During Zimmerman Trial!




(CNSNews.com) – In the 20-day period of the George Zimmerman trial, four minors – three teens and a five-year-old boy - were gunned down in Chicago, according to Homicide Watch Chicago, a Chicago Sun-Times publication, which details every murder that takes place in the city.
On June 28, five-year-old Sterling Sims was killed in a double murder that also claimed the life of his mother, 31-year-old Chavonne Brown. Both were shot in their apartment, and police believe the motive was robbery.
On July 1, 16-year-old Antonio Fenner was gunned down on the sidewalk next to the body of a 32-year-old man who had gang ties. No arrests were made, and no suspects have been named. Fenner’s mother believes her son was in the wrong place at the wrong time, because no one in her family knew the other victim or what Fenner’s association was to him.
On July 3, 14-year-old Damani Henard was murdered outside a high school. His body was found next a bicycle.
On July 9, 15-year-old Ed Cooper was shot and killed while spending time with friends at the park. A gunman got out of a black van and began firing as the boys ran away. Cooper was shot in the street and continued running to a vacant lot where he died.
Zimmerman was charged with killing Trayvon Martin, an unarmed black teenager in Sanford, Fla., who was walking through a gated community on his way home from the convenience store. Zimmerman argued that he acted in self-defense.
The trial began on June 24 and ended on July 13 with Zimmerman’s acquittal.
- See more at: http://cnsnews.com/news/article/four-children-gunned-down-chicago-during-zimmerman-trial#sthash.ZK7pvHnL.dpuf

Goldman Sachs profit doubles on investment gains, lower tax rate


(Reuters) - Goldman Sachs Group Inc (GS.N) said quarterly profit doubled, boosted by investment gains and a lower tax rate, but investors fretted that these factors will not be repeated in future periods, sending the bank's shares lower on Tuesday.
Goldman's investing and lending segment, which tracks its investments in private equity deals, publicly traded stocks, loans and bonds, produced nearly seven times as much revenue in the second quarter as in the same period last year, much more than analysts expected.
Investors questioned how much revenue growth the bank can generate by investing its own capital under new regulations. The Volcker rule, part of the 2010 Dodd-Frank financial reform law, limits banks' market wagers with their own money. But the industry has years to comply with the law, and Goldman believes most of its investing and lending activities already do.
Goldman's effective tax rate dropped to 27 percent from 32 percent in part because the bank is electing to keep more of its international income permanently offshore, and because it earned more money overseas. Chief Financial Officer Harvey Schwartz told analysts on a conference call that the lower tax rate was not likely to be repeated.
"It's tough to get too excited about these numbers because they're potentially unsustainable," said Tom Jalics, senior research analyst at Key Private Bank, whose clients own bank shares.
The results underscore the difficulties Goldman and its rivals face in navigating the post-crisis world. With regulators pressing banks to boost capital levels, many of Goldman's most profitable businesses are earning less. The bank's return on equity, a measure of how effectively it wrings profit from shareholders' money, was just 10.5 percent in the second quarter, a hair above what it would pay for equity funding.
Overall, Goldman's net income rose to $1.86 billion, or $3.70 per share, in the quarter, from $927 million, or $1.78 per share, a year earlier.
Analysts on average had expected $2.82 per share, according to Thomson Reuters I/B/E/S.
Net revenue rose 30 percent to $8.61 billion.
The biggest contributor to revenue was fixed income, currency and commodities (FICC) trading, which reflects trading with clients. Revenue there rose 12 percent to $2.46 billion.
Goldman's results echoed similar trends in the investment banking units of JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), whose fixed-income trading businesses also benefited from improvements in trading and underwriting revenue in the second quarter.
Goldman's stock fell $2.76, or 1.7 percent, to close at $160.24 on the New York Stock Exchange. The shares are up 64 percent over the past 52 weeks, and are well above Goldman's tangible book value of $141.62 as of June 30, but down from a 52-week high of $168.18 hit on June 10.
"COMFORTABLE WITH WHERE WE ARE"
On Goldman's conference call with analysts, management fielded questions about the bank's capital and leverage ratios, particularly about whether it was in a good position to meet preliminary U.S. rules for leverage. New proposed regulations came out earlier this month.
"Our first assessment is we're very comfortable with where we are," Schwartz said.
He later added that "the only reason I'm not being more specific about numbers at this stage is the team really hasn't had the time to go through the kind of diligence that we would normally want them to.
Goldman's biggest source of revenue growth was the investing and lending division, where revenue surged to $1.42 billion from $203 million a year earlier. JMP Securities analyst David Trone had expected the segment to produce revenue of $850 million.
The segment's results have oscillated wildly since it was set up in 2009, delivering anywhere from $2.9 billion to $7.5 billion in revenue annually.
Goldman's investment banking revenue increased 29 percent to $1.55 billion, helped by a 45 percent jump in underwriting revenue.
"Improving economic conditions in the U.S. drove client activity," Chief Executive Lloyd Blankfein said in a statement, adding that "the operating environment has shown noticeable signs of improvement."
Bond yields jumped during the quarter, which cut into clients' willingness to take risk, but those concerns have since abated a bit, Schwartz said.
"It does feel like people have recalibrated at this stage," he said, adding, "Some of this is returning to kind of normal interest-rate levels. It feels good in some respects."
(Reporting by Lauren Tara LaCapra in New York and Tanya Agrawal in Bangalore; Editing by Dan Wilchins, Ted Kerr, John Wallace and Jan Paschal)

Hitlary: George Zimmerman verdict brought ‘deep heartache’


Former Secretary of State Hillary Clinton spoke about the “heartache” of the Trayvon Martin case in D.C. Tuesday evening while speaking to an African-American sorority group.
“My prayers are with the Martin family and with every family who loves someone who is lost to violence,” she said in an almost 30-minute speech. “No mother, no father, should ever have to fear for their child walking down a street in the United States of America.”

She said she knew this week has “brought heartache, deep painful heartache” to families in the wake of the not guilty verdict in George Zimmerman’s trial last Saturday.
Clinton also referenced U.S. Attorney General Eric Holder’s announcement Monday that the Justice Department will review the case.
“Yesterday I know you heard from the Attorney General about the next steps from the Justice Department and the need for a national dialogue,” she said. “As we move forward as we must I hope this sisterhood will continue to be a force for justice and understanding.”
Clinton’s comments came in a speech to the 51st annual convention of the Delta Sigma Theta Sorority, the largest African-American women’s organization in the country. Organizers said that more than 14,000 people were in the room to hear her speak.
Since leaving the State Department, Clinton has kept up a busy schedule of speeches and public or private appearances, many of which are focused on women’s leadership or greater rights for women across the globe. Her public schedule has further fueled speculation about her 2016 ambitions.
She isn’t the only high-profile figure in D.C. to acknowledge the sorority’s convention: President Obama met with the head of Delta Sigma Theta at the White House earlier Tuesday afternoon.
In her speech, the former Secretary of State also blasted the Supreme Court’s decision to strike a key section of the Voting Rights Act, saying the law is in “real jeopardy.”
“The Supreme Court struck at the heart of the Voting Rights Act,” Clinton said. “For more than four decades this law has helped overcome constitutional barriers to voting. Again and again it has demonstrated its essential role in protecting our freedoms.”
She urged attendees at the convention to push Congress to take action on restoring and rewriting Section 4 of the law.
“Unless Congress acts, you know and I know more obstacles are on their way,” she said. “They’re going to make it difficult for poor people, elderly people, minority people, and working people to do what we should be able to take for granted.”
She spoke, as she’s done recently at other women-centric events, about the need for more women to take up positions of power — and about Delta members like former Labor Secretary Alexis Herman and Rep. Martha Fudge who have advanced the cause of women in leadership.
“As you know, women still comprise a majority of the world’s unhealthy, unschooled, unfed and unpaid,” she said, adding that there’s been “a lot of progress” on women’s rights but that more needs to be done.
As has been the case in many of her speeches this year, Clinton’s potential 2016 bid wasn’t far from people’s minds. As she exited the stage, audience members cheered, “Run, Hillary, Run!”


Read more: http://www.politico.com/story/2013/07/hillary-clinton-trayvon-martin-george-zimmerman-verdict-94301.html#ixzz2ZG5x3bSl

Tuesday, July 16, 2013

More women in the boardroom? Europe considers forcing the issue.


FRANKFURT
Christine Lagarde used to find them "offensive." Now the first female director of the International Monetary Fund sees gender quotas as a necessary, albeit temporary, tool to help women reach top jobs.

“At the end of the day, people will have to be convinced that [women] bring something to the table,” the former French finance minister told the Dublin-based Irish European Movement, an independent, not-for-profit group aimed at enhancing the connection between Ireland and Europe, in March.
Half a century after the European Union’s Treaty of Rome sowed the seeds for gender equality in Europe, Ms. Lagarde’s push for mandatory corporate board quotas for women – which proponents hope will trickle down and improve gender equality throughout workplaces – is gaining momentum, and dividing governments, across the continent.
Last fall, European Union Justice Commissioner Viviane Reding pushed through a proposal for gender quotas for the board of corporations across Europe. Men, she said, continue to dominate top jobs, although women are better educated and the economy needs them. But with German Chancellor Angela Merkelvetoing the idea, whether the 27-member EU Council, the European Union’s legislative body, turns the idea into law this fall remains to be seen.
Law or no law, Reding's initiative has brought the issue of gender equality to the fore of political consciousness in Europe, helping shake old fashioned views of gender roles in Europe’s most conservative societies, including powerhouse Germany. Algimanta Pabedinskienė, the  Lithuanian minister of social security and labor, said the issue would top the agenda of the Lithuanian EU presidency, which started July 1.
“What we’ve tried to do for years, to start a political discussion on gender equality is now happening thanks to the initiative from Viviane Reding," says Jana Smiggels Kavková, president of Fórum 50%, a Prague-based nonprofit group advocating gender quotas for Czech politics.
The Czech government, like that of Germany and Britain, sees mandatory quotas as an unwelcome intrusion in free business practices. Denmark, Sweden, and the Netherlands also oppose the European gender quota initiative, but because they feel it overlaps with their own quota systems.
"Before it was just this talking and talking, ‘we need more women,’ but now we have a real concrete step, that’s why there is so much resistance. Gender equality is becoming an issue," says Ms. Kavková.

Catalyst for discussion

For traditional Germany, the gender debate “was like a wake-up call,” says Elke Holst, research director of the German Economic Research Institute DWI in Berlin.
“Before it was not taken seriously, but now companies know you have to change and do as much as you can yourself so you don’t have to do something like quotas.”
It was Deutsche Telekom two years ago that got the discussion started when it committed to women filling 30 percent of its managerial positions by 2015, the first company in Germany on the country's DAX-30 stock index to do so. The breakthrough decision led Chancellor Merkel to get 30 of Germany’s top companies to institute voluntary management board quotas for women.
“My patience on this topic is running out,” she said in Berlin then. "I want to finally see results. Companies need to deliver; they cannot exploit the good faith we have extended them.”
But things barely changed. A recent DWI study shows that by the end of 2012, only 4 percent of German companies had a woman on their boards and just under 13 percent on the supervisory boards of the top 200 companies in Germany were occupied by women. Though a slight increase over previous years, those figures pale next to Norway, which has seen the proportion of women on supervisory boards rise to more than 35 percent. And while Europe’s number one economy, Germany has the largest pay gap between men and women in the EU, according to 2012 statistics released by the Organization for Economic Cooperation and Development (OECD).
By rejecting the Reding proposal for legally binding quotas in favor of voluntary quotas this fall, Merkel gave a new impetus to the debate on gender issues, triggering a rift within the conservative CDU party.
"If we don't move on the gender quota issue, we'll end up being forced to do so by Brussels," Annegret Kramp-Karrenbauer, the governor of the state of Saarland, told the magazine Der Spiegel. She was one of two of CDU governors who endorsed a SPD initiative on gender quotas in the Bundesrat, the body representing the country’s 16 states, this fall.
“Ten years ago they would not have had the guts to do that,” says Monika Schulz-Strelow, president of Women on Supervisory Board (FidAR), a Berlin-based association of women in executive positions aimed at increasing the proportion of women on the supervisory boards of German companies.
Meanwhile Ursula von der Leyen, Merkel’s powerful labor minister and a mother of seven, has vowed to make gender equality a central issue of the conservative party. In April she threatened to vote in favor of the SPD's gender-quota initiative when it came up in the Bundestag, Germany's national parliament. She did not, but negotiated a deal, instead: Gender quota would be mentioned in the party’s campaign platform for the upcoming chancellor elections.
“Pressure from inside and outside led to a compromise that would never had seen the light under normal circumstances,’ says Schulz-Strelow. "That was a huge success. The issue would have gone to sleep if Viviane Reding hadn’t come up with her proposal."
“But this remains a campaign promise,” Schulz-Strelow adds.

Looking for results

In Britain, the government has also threatened to introduce quotas if British companies failed to appoint more women on their boards. “Companies should be under no illusion that [the UK] government will adopt tougher measures if necessary,” UK Business Secretary Vince Cable told the press in April. “Quotas are still a real possibility if we do not meet the 25 percent [UK] target."
Viviane Reding’s EU-wide legislation would guarantee that 40 percent of listed company boards be made up of women by the year 2020. “Personally, I am not a great fan of quotas, but I like the results they bring,” said Reding. “Where there are legal regulations, there is progress.”
That has proven the case in pioneering Norway, and also in Iceland and France: All have seen the number of women in top positions rise.
Experts say 2013 will see more German women reach top positions.
“But what really interests me the most is that we see a shift in German corporate culture," says Schulz-Strelow. "That men and women become naturally accepted in business, that they see the duty of raising kids as a shared one."
Elke Holst of DWI says there should be more emphasis on the benefits that all women – from the cashier at the supermarket to the investment banker – understand how gender quotas can benefit benefit all women, not only those who've made it to the top.
"The more women make it to top positions the more the reality of the life of women can be taken into account in the decision process of companies," Holst says. "Who says women have to be at work so much? It's always been that way because men have always decided. "
“German companies have tried to do quite a lot to make it possible for women to work and have children, but it doesn’t work because only men have leadership positions," Holst says.
In the end, the ultimate message is that, in a changing society where couples get divorced more and more and women find themselves having to cope with their future by themselves, “It’s important to know that it’s better if you work than if you don’t work,” says Holst.

Keiser Report: The Great Gold Eastward Migration (E471)

Stevie Wonder Boycotting Florida Following Zimmerman Verdict (Video)


The singer refuses to perform in the state until its Stand Your Ground law is "abolished."

Stevie Wonder won't be performing in Florida anytime soon.

In the wake of the George Zimmerman acquittal, the singer said he would not be performing in the Sunshine State until its Stand Your Ground law is "abolished." He also said he would not be performing in any other state that recognizes the law, which some say contributed to Zimmerman's acquittal in the shooting death of Florida teen Trayvon Martin on Feb. 26, 2012.
"I decided today that until the Stand Your Ground law is abolished in Florida, I will never perform there again," Wonder said Sunday while performing in Quebec City. "As a matter of fact, wherever I find that law exists, I will not perform in that state or in that part of the world."
Some have argued that the law played no role in the acquittal. However, The Atlantic's Ta-Nehisi Coates pointed out that it was cited in the jury instructions.
Meanwhile, Wonder also called for his fans' support of his boycott.
"The truth is that -- for those of you who’ve lost in the battle for justice, wherever that fits in any part of the world -- we can’t bring them back," he said. "What we can do is we can let our voices be heard. And we can vote in our various countries throughout the world for change and equality for everybody. That’s what I know we can do." (Watch Wonder's full announcement below.)
Protests have broken out in major U.S. cities including New York and Los Angeles since the jury rendered its not-guilty verdict last week.
Recording artists including BeyonceYoung JeezyWyclef Jean and Lil Scrappy have already paid tribute to Martin.


Russia holds biggest war games since Soviet Era!




MOSCOW (AP) — President Vladimir Putin on Tuesday watched Russia's biggest military maneuvers since Soviet times, involving 160,000 troops and about 5,000 tanks across Siberia and the far eastern region in a massive show of the nation's resurgent military might.
Dozens of Russia's Pacific Fleet ships and 130 combat aircraft also took part in the exercise, which began on Friday and continue through this week. Putin watched some of the drills on Sakhalin Island in the Pacific, where thousands of troops were ferried and airlifted from the mainland.
Russia's Deputy Defense Minister Anatoly Antonov assured foreign military attaches on Monday that the exercise was part of regular combat training and wasn't directed against any particular nation, though some analysts believe the show of force was aimed at China and Japan.
Konstantin Sivkov, a retired officer of the Russian military's General Staff, told the daily Nezavisimaya Gazeta that the Sakhalin part of the maneuvers was intended to simulate a response to a hypothetical attack by Japanese and U.S. forces.
Russia and Japan have a dispute over a group of Pacific islands, which Russia calls the Kurils and Japan calls the Northern Territories.
The islands off the northeastern tip of Japan's Hokkaido Island were seized by Soviet troops in the closing days of World War II. They are surrounded by rich fishing grounds and are believed to have offshore oil and natural gas reserves and other mineral resources.
Antonov said that Russia had warned its neighbors about the exercise before it started, and provided particularly detailed information to China in line with an agreement that envisages a mutual exchange of data about military activities along the 4,300-kilometer (2,700-mile) border.
The two Cold war-era rivals have forged what they described as a "strategic partnership" after the 1991 Soviet collapse, developing close political, economic and military ties in a shared aspiration to counter U.S. power around the world.
Russia has supplied sophisticated weapons to China, and the neighbors have conducted joint military drills, most recently a naval exercise in the Sea of Japan earlier this month.
But despite close economic ties and military cooperation, many in Russia have felt increasingly uneasy about the growing might of its giant eastern neighbor.
Some fear that Russia's continuing population decline and a relative weakness of its conventional forces compared to the Chinese People's Liberation Army could one day tempt China to grab some territory.
Russia and China had territorial disputes for centuries. Relations between Communist China and the Soviet Union ruptured in the 1960s, and the two giants fought a brief border conflict in 1969.
Moscow and Beijing signed a new border treaty in 2004, which saw Russia yielding control over several islands in the Amur River. Some in Russia's sparsely populated far east feared that the concessions could tease China's appetite.
Alexander Khramchikhin, an independent Moscow-based military analyst, said that the massive exercise held in the areas along the border with China was clearly aimed at Beijing.
"It's quite obvious that the land part of the exercise is directed at China, while the sea and island part of it is aimed at Japan," he said.
Khramchikhin, who recently posted an article painting a grim picture of Russia being quickly routed in a surprise Chinese attack, said that the war games were intended to discourage China from harboring expansionist plots.
"China may now think that Russia has finally become more aware of what could happen," he said, describing the exercise as a sobering signal.
The maneuvers are part of recent efforts to boost the military's mobility and combat readiness after years of post-Soviet decline, but they have far exceeded previous drills in both numbers and territorial scope.
As part of the war games held across several time zones, some army units deployed to areas thousands of kilometers away from their bases. Paratroopers were flown across Russia in long-range transport planes, and some units were ferried to Sakhalin under escort of navy ships and fighter jets.
A decade of post-Soviet economic meltdown has badly crippled Russia's military capability, grounding jets and leaving navy ships rusting in harbors for lack of funds to conduct training. Massive corruption and vicious bullying of young conscripts by older soldiers have eroded morale and encouraged widespread draft-dodging.
The weakness of the once-proud military was shown in two separatist wars in Chechnya when Russian troops suffered heavy losses at the hands of lightly armed rebels.
The Russian military won a quick victory in a war with Georgia's small military in August 2008, but the five-day conflict also revealed that the military had trouble quickly deploying its forces to the area. The shortage of precision weapons and modern communications were also apparent.
The Kremlin responded by launching a military reform intended to turn the bloated military into a more modern and agile force.
The government also has unveiled an ambitious arms modernization program that envisages spending over 20 trillion rubles (over $615 billion) on new weapons through 2020.
Some military analysts cautioned, however, that the rearmament effort was badly planned and might not be sufficient to reverse the military's decline. "This program is clearly insufficient," Khramchikhin said.
- See more at: http://cnsnews.com/news/article/russia-holds-biggest-war-games-decades#sthash.8DmxBWNW.dpuf