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emma julian

zurich, switzerland, Switzerland

Member since February 26, 2013

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    Serious competitions with serious winners should not be the subject of professional sniping says Paul Finch

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    Source page: (Reuters) - Despite the efforts of the U.S. Federal Reserve to use easy monetary policy to boost jobs, the country's economy is stuck in "neutral" more than three years after the end of the recession, a top Fed official said on Wednesday. "It is not possible to create jobs through monetary policy alone," Dallas Fed President Richard Fisher said at a World Affairs Council of San Antonio event. "The U.S. remains the economic engine of the world ... it's not China, it's not Europe, it's the U.S., and the U.S. remains in neutral." Fisher, repeating a well-worn analysis of the limits of the Fed's super-easy monetary policies, said the U.S. central bank did not have the power to pull the economy from its standstill as long as U.S. lawmakers did not do their part. "You know how horrid things are in Washington," Fisher said. "We have provided fuel for an economic recovery because Congress and the executive have not provided the incentives for growth." The U.S. central bank has kept interest rates at rock bottom for more than four years and is currently buying Treasury and mortgage bonds in an effort to keep longer-term borrowing costs low enough to spur spending and hiring. Yet unemployment is relatively high, at 7.9 percent, and inflation remains stubbornly below the Fed's 2 percent target, curtailing the boost that near-zero short-term in...

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    WASHINGTON (AP) — Leaders from across the District of Columbia municipal government gathered last April for a summit on cyber security, where they agreed in writing on the need to improve computer safety training for its workers. Yet nearly a year later, no organized, across-the-board training is offered for employees even though electronic data theft from governments is on the rise. Information technology experts see training as a vital component of cyber security and D.C. officials acknowledge their own employees should be better educated on computer use, especially as governments face increasingly sophisticated cyber-threats and as human errors have contributed to widespread data breaches. But officials say they’ve put plans for such training on the back-burner while they continue efforts to improve network security, including through new tools and products as well as additional levels of monitoring and inspection. Those improvements are more efficient and longer-lasting than educating thousands of workers who may not be in their jobs permanently, contends Rob Mancini, the District’s chief technology officer “You don’t start talking about what people should do unless you know you’ve got protections in place to help,” Mancini said in an interview. “You don’t go educating users until you’ve got something behind it.” The federal government has identified cyber security as a critical priority, unveiling new efforts to fight the theft of trade secrets and discourage intellectua...

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    New York ( - The trustee for failed hedge fund Petters Group, Douglas Kelley, has sued the Epsilon-Westford funds founded by Steve Stevanovic, according to Bloomberg. The bankruptcy trustee is seeking to recoup over $3.2 billion to cover the company’s debt, Bloomberg said, ”Seventeen funds affiliated with the financier’s Westford Investment Management LLC and Epsilon Investment Management LLC were named as defendants in the complaint filed by Kelley.” “We terminated our relationship with Petters a full 18 months before it became known that Petters was involved in fraudulent activity.” an attorney for the Epsilon-Westford funds said in a statement, “We did so because we elected to invest our capital in other enterprises, not because we believed or had cause to believe that the Petters enterprises were engaged in fraudulent activities.” Petters and his hedge fund, Petters Group Worldwide LLC was convicted in December 2000, of all 20 criminal counts, adding up to a $3.5 billion fraud. “The defendant’s fraud is staggering and unprecedented in size and impact on victims and the community,” prosecutors said of the case back in March of this year. The complaint alleges the defendants knew or should have known the investments were fraudulent, according to Reuters. “Stevanovich received millions in false profits through his active and direct involvement in the Petters ...

  • Download__1__177_ Financial Secretary John Tsang Chun-wah yesterday hit back at critics who said his budget last week was too conservative, warning that the next generation would suffer if he "spent extravagantly for the sake of applause". He emphasised the 16 per cent increase in government spending over the next financial year, saying it was rare for a government anywhere to be lifting expenditure. Tsang told the RTHK programme Hong Kong Letter that maintaining financial prudence was the first responsibility of the financial secretary. "I must make sure taxpayers' money is used in the right way," he said. "If I spend the surplus extravagantly for the sake of applause, not only will our generation suffer - the next generation will have to suffer." Wednesday's budget received a mixed reception. A university poll found that its approval and disapproval rating were both about 30 per cent. Tsang insisted he was "not disappointed" by criticism that the financial plan lacked "new ideas". "New ideas are not my primary concern. It does not matter if our measures are old if they are able to help the needy and move the city forward," he said on another programme, Saturday Forum, on Commercial Radio. While the budget included HK$33 billion in one-off relief measures, Tsang said the "main dish" was the roughly 16 per cent...

  • Minnesota coal plants cut mercury in half

    Community, Communication Design


    Minnesota regulatory officials said Monday that the state’s coal-fired power plants have cut their mercury emissions by more than half over the past 15 years as the state tries to limit its residents’ exposure to the toxic metal. The Minnesota Pollution Control Agency held a media event at a Twin Cities power plant to herald the effort of cutting mercury from 1,850 pounds per year in the 1990s to about 870 pounds today. PCA Commissioner John Link Stine said the goal is to cut power-plant emissions to less than 200 pounds by 2016, and he praised Duluth-based Minnesota Power and Twin Cities-based Xcel Energy for their effort to cut back on mercury. “One measure of their success is that the U.S. Environmental Protection Agency now looks to Minnesota as a model for how other states can reduce their own emissions of mercury from power utilities,” Stine said in a statement. Margaret Hodnik, Minnesota Power vice president of regulatory and legislative affairs, said the utility has cut mercury by 90 percent at its coal-burning plants in the region. Despite Minnesota’s success at reducing mercury going into the air, it hasn’t been able to stop mercury from falling out of the sky. That’s because about 10 percent of the mercury that falls in Minnesota comes from human-caused sources within the state. The rest comes from all over the Earth, including as far as Asia, as mercury floats through the atmosphere before falling in rain and snow. That’s also why, despite Minnesota’s efforts, fis...

  • New biomass boiler fired up

    Community, Communication Design


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    A NEW wood chip boiler has been installed at a community heating project in Wick as part of a £2.5 million investment by Ignis Biomass Ltd. That was confirmed yesterday by company director Craig Ibbetson who said the 3.5 megawatt boiler is the first step in a bid to expand the scheme.

    He added the company is providing renewable energy to Pulteney Distillery in addition to supplying the district heating network. “The district heating scheme supplies nearly 200 homes with affordable, renewable energy. Our agreement to supply steam to Pulteney Distillery is a major part of the development plan that will allow us to expand the coverage of the scheme and we expect to add new customers during

    2013,” said Mr Ibbetson. The new boiler was installed at the company’s energy centre near the distillery just before Christmas. The system then underwent tests and procedures before taking over from the previous oil-fired boiler. “The new boiler is the first step in our plan to increase the supply of

    affordable and sustainable energy to homes and businesses in Wick,” said Mr Ibbetson, who pointed out the company is holding discussions with several organisations about getting involved in the heating scheme. The company sources its wood from forests in Caithness – a move which Mr Ibbetson said will help create and secure jobs in the Highlands. He said Ignis will soon begin installing sm...