Monday, September 7, 2015

The US economy added 173,000 jobs in August, the Bureau of Labor Statistics reported on Friday. The unemployment rate fell from 5.3 to 5.1 percent, the lowest since April 2008.

Although August job gains were lower than most economists forecast, job growth numbers for June and July were revised upwards by a combined 44,000. Average job gains over the past three months stand at 221,000, compared to March-May’s 189,000 monthly average. Over the past twelve months, job growth has averaged 247,000 per month.

Average hourly earnings rose 0.3 percent, or 8 cents, marking the largest increase in earnings in seven months. Hourly earnings had risen by 6 cents in July. Wages have risen by 2.2 percent over the past year.

Job growth in August was primarily concentrated in the health care and social assistance, financial activities, and professional and business services sectors. Those three areas of the economy added a combined 108,000 jobs. Food service and drinking places employment increased by 26,000 over the month, and other economic sectors saw employment hold steady. Manufacturing, on the other hand, saw employment decline by 17,000 in August. A stronger dollar and worldwide economic weakness make US exports less desirable, leading to a flattening in manufacturing employment so far this year after steadily rising in the early years of the US economic recovery.

The solid overall job gains led analysts to slightly raise expectations for a decision by the Federal Reserve to raise interest rates this month. Investors raised the likelihood of a September rate increase from 26 percent before the jobs report to 30 percent, and stocks dropped by over one percent on Friday. “The payrolls data is certainly good enough to allow for a Fed rate hike in September,” said Deutsche Bank’s head of currency strategy, Alan Ruskin. “The big question is still whether financial market volatility will scupper the plans.”

“This is the first time the market has looked at a Fed meeting and really has no idea what the Fed is going to do,” said Mark Kepner, a New Jersey equity trader with Themis Trading. “Right now you’re looking at the overall uncertainty and that’s what’s hanging on the market. I don’t think this number in and of itself changes how somebody’s going to vote.”

Friday, April 15, 2005Police in Melbourne have seized over a tonne of ecstacy in a shipment of tiles from Italy. Four were arrested on Thursday and early Friday relating to the shipment, which the Australian Federal Police has called the biggest shipment of street-ready ecstacy pills in the world.

The four men were charged with aiding and abetting a prohibited import, according to ABC radio. Five million tablets were seized, with a reported street value of US$190 million (AU$250m). Two were additionally charged with attempting to possess a prohibited import.

Federal police were continuing to investigate a crime ring behind the shipment, a spokesperson told News24.com.

Federal Agent Mike Phelan said: “The AFP is now working with its counterparts in Italy and other parts of Europe to identify any overseas links with this latest seizure.”

X-rays taken of the shipment, which arrived in Port Melbourne earlier in the week, had revealed anomalies inside eight pallets which were stacked with tiles, said a report from Australian Associated Press.

Police then monitored the shipping container until it was delivered on Thursday to a suburban Melbourne factory, where two men were arrested, according to the News24.com report. Agents searched a dozen homes and businesses across Melbourne and arrested two more men early on Friday. All four suspects were due to appear in court later on Friday.

Federal Justice Minister Chris Ellison praised the AFP, the Australian Customs Service and the Australian Crime Commission involved in the operation, which he told Australian Associated Press had been ongoing since January.

“This big seizure sends a very clear message to those who want to traffic drugs to Australia, you will be caught and face very serious penalties,” Senator Ellison told the news agency, saying the shipment “could have wreaked havoc”.

“Anyone who says this sort of seizure does not slow the supply of drugs is quite obviously out of touch with reality.”

The previous largest Australian ecstasy haul occurred in November 2004 in Sydney, when 1,800 pounds of ecstasy tablets and powder were seized, Australian Federal Police (AFP) told Reuters, compared to this shipment’s weight of 2,240 pounds.

Wednesday, February 2, 2005

Eben Moglen, Columbia University Law Professor, will head the newSoftware Freedom Law Center (SFLC). An initial 4 million dollars has been provided by Open Source Development Labs (OSDL) to fund the project.

The law center will provide free legal service for open source projects and developers. In 2004 OSDL established a separate $10 million Linux Legal Defense Fund providing legal support for Linus Torvalds, Linux kernel creator and end user companies subjected to Linux-related litigation by the SCO Group. The new law center will not be affiliated with the OSDL.

“This is about taking care of the goose that laid the golden egg and not letting wolves come in the middle of the night and steal it away,” Moglen said during a press conference. “This is a legal firm not involved so much in litigating and defending as it will be for counseling and advising and nurturing non-profits and to prevent millions of dollars in litigation.”

Moglen will serve as chairman and director-counsel of the non-profit organization. Also on board as directors are: Lawrence Lessig, law professor at Stanford Law School; Daniel Weitzner, director of the World Wide Web Consortium‘s technology and society activities; and Diane Peters, general counsel at the OSDL. Daniel Ravicher, executive director of the Public Patent Foundation, will help manage as legal director.

Moglen, one of the world.s leading experts on copyright law as applied to software, will run the new Law Center from its headquarters in New York City. The Law Center will initially have two full-time intellectual property attorneys on staff and expects to expand to four attorneys later this year. Initial clients for the Law Center include the Free Software Foundation and the Samba Project.

Other services provided by the SFLC include: asset stewardship, to avoid intellectual property claim conflict; license review and compatibility analysis; legal consulting and lawyer training.

Wednesday, March 25, 2009

A New Jersey state senator has filed a lawsuit seeking to overturn a federal law banning sports betting in 46 states.

State Sen. Raymond Lesniak, a Democrat representing portions of Union County, filed the suit Monday, arguing the 17-year-old law is unconstitutional because it treats four states differently than the other states.

Under the law, sports betting is prohibited in all states except Delaware, Oregon, Montana and Nevada, although only the latter two currently allow wagering.

“This federal law deprives the State of New Jersey of over $100 million of yearly revenues, as well as depriving our casinos, racetracks and Internet operators of over $500 million in gross income,” Lesniak said in a statement to the press.

The 39-page lawsuit is believed to be the first challenge to the Professional and Amateur Sports Protection Act of 1992. New Jersey missed a 1994 deadline that would have allowed it to join the other states when the law was implemented.

Atlantic City officials and their political allies have argued allowing sports betting would give all the states a new source of revenue needed in the face of a staggering recession.

New Jersey Governor Jon Corzine was not involved with the lawsuit, but he said legalizing sports betting would help Atlantic City and said it was “worth pursuing”.

Legalizing sports betting in New Jersey could bring the state more than $50 million in annual tax revenue, according to officials from the Interactive Media Entertainment & Gaming Inc., a Washington, D.C.-based consultant for the electronic gaming industry, which joined Lesniak as a plaintiff in the lawsuit.

“This is about more than revenue,” said Joe Brennan Jr., chairman of Interactive Media Entertainment. “It’s about jobs and economic activity.”According to 1999 study, $380 billion in illegal sports betting occurs in the state each year.

New Jersey, in particular, is facing a difficult budget season, and the Atlantic City casinos are in what the Associated Press called a “financial meltdown”. Eleven of the city’s casinos suffered their biggest revenue decline in 30 years last month.

Delaware is reported to be considering regulating sports betting, which New Jersey backers of the lawsuit said adds a sense of urgency to the issue.

“We cannot afford to be naive about illegal sports betting,” New Jersey State Sen. Jeff Van Drew said in a statement to the press. “It’s happening right now, and is funding other criminal enterprises which are far more dangerous.”

The New Jersey Thoroughbred Horsemen’s Association, the Thoroughbred Breeders Association of New Jersey and the Standardbred Breeders & Owners Association of New Jersey were also listed as plaintiffs in the lawsuit.

Friday, October 5, 2007

Richard Roberts, the President of Oral Roberts University, and his wife, Lindsay Roberts, are accused of illegal political contributions, financial wrong-doing, and wrongful firings in a lawsuit filed Tuesday.

The lawsuit was filed by three former professors who claim “they were wrongfully dismissed after reporting the school’s involvement in a local political race.” According to KTEN television news, “Roberts’ statement says personal expenses are charged to him and he personally pays them on a monthly basis.” On October 3, Roberts “told students and faculty during his weekly chapel Wednesday that the lawsuit is about intimidation, blackmail and extortion.”

Richard has been president of ORU since his father, Oral Roberts university founder and former faith healer, “semi-retired” in 1993.

Saturday, February 26, 2022

Yesterday, Russian forces attacked Ukraine’s capital Kyiv with missiles resulting in blasts damaging residential areas. Russia continued its three-pronged invasion of Ukraine and has already reached the Obolon district of Kyiv. For the second day, sirens sounded over Kyiv and residents took shelter in underground metro stations.

The mayor of Kyiv, Vitali Klitschko informed citizens, “saboteurs” had arrived and were fighting in the city’s outskirts. Moscow claimed, it had captured and taken over control of Antonov International Airport, also known as Hostomel Airport, located in the north of Kyiv, using 200 helicopters and paratroopers. Hostomel could be a major staging point for an attack on Kyiv.

The Ukrainian Ministry of Defence requested its citizens to inform them of Russian troop movements and also suggested to “make Molotov cocktails to neutralise the enemy”.

Following several sanctions from the West and its allies, 27 European Union members announced, they froze assets belonging to Russian president Vladimir Putin and foreign minister Sergey Lavrov.

Russian forces also advanced into Chernobyl and captured it. The Ukrainian presidential advisor Mykhaylo Podolyak said, Chernobyl was captured by Russian forces after a “fierce battle”.

At the 8979th meeting of the United Nations Security Council, Russia vetoed a draft resolution which aimed at ending the Ukraine crisis. The resolution had garnered support from 11 of the 15 members and had 3 abstentions.

Friday, December 8, 2006

When introducing the Iraq Study Group Report to a Senate Committee, former Secretary of State James Baker emphasized that all the 79 recommendations in the report complemented each other and had to be taken together. This was not a “fruit salad” from which one could pick and choose. Despite this, President Bush is giving indications that he is going to do just that. While agreeing that the Report had some good points to make, he said that he had also asked the Pentagon, the State Department and other government agencies to reflect on the Iraq situation and report their conclusions to him.

The report proposes progressive changes to the role of the troops deployed in Iraq, from combat to the training of Iraqi forces and the withdrawal of all combat troops by early 2008, depending on local conditions. The President made it clear that matters concerning the deployment of troops were for the military to determine. A change of strategy is expected to be announced within the next few weeks.

Bush has said that he will not talk with Syria or Iran unless they meet certain conditions. Syria would have to “stop destabilizing” the government of the Lebanon. Iran must “verifiably suspend their nuclear enrichment program.” In declaring these conditions, Bush and Tony Blair, prime movers in the invasion of Iraq, are in agreement.

Tony Blair reflected that the report’s recommendations that settling the Arab/Israeli disputes in the area should be given priority. He has said that the key to solving the problems in Iraq, Lebanon, and elsewhere lay in settling the two-state disputes in Palestine. He announced that he would be visiting the region shortly. He would bring his experience in Northern Ireland to bear on the problem, indicating that persistence was needed to achieve reconciliation. President Bush said he supported this initiative.

Meanwhile, Israel’s Prime Minister, Ehud Olmert, flatly rejected the notion that there was any connection between the problems in Palestine and the situation in Iraq. He stated that the time may not be right for Israel to be negotiating with Syria and he reiterated Israel’s absolute opposition to Iran’s development of nuclear weapons. Robert Gates, the new candidate US Secretary of Defense, asserted that Iran is surrounded by nuclear powers, including Israel. Shimon Peres, Israel’s deputy prime minister, refused to affirm or deny whether Israel had a nuclear weapons capability, saying that such uncertainty was a defense in itself.