December 2009

23 arrested in Australia climate action: activists

SYDNEY (AFP) –
Dozens of protesters shut down the railway line leading to Australia's biggest coal export facility on Sunday, in protest over what they said was the failure of global climate change talks in Copenhagen.

Some 40 activists with the environmental group Rising Tide Newcastle stopped a coal train and chained themselves to it and the rail tracks to effectively close the line at Newcastle north of Sydney.

"A number of arrests have been made," a police spokesman told AFP.

Rising Tide said 23 people were arrested as the protesters were removed from the human blockade, which they said shut down the line for six hours.

The group said its action was triggered by the outcome of the UN climate talks in the Danish capital, which even UN chief General Ban Ki-moon admitted had failed to win global consensus and would disappoint many.

"The US, Australia, and other wealthy countries wrecked the Copenhagen climate talks," said protest spokesman Steve Phillips.

"They refused to lift their paltry greenhouse pollution targets to the levels required to avoid catastrophe.

"They could have done something great, but they failed. They let greed and self interest take precedence over the survival of life on earth, and we are here today to condemn them in the strongest possible terms."

The group said coal exports from Newcastle were Australia's single biggest contribution to the climate crisis.

Australian Greens leader Bob Brown said the coal industry, a major contributor to the Australian economy, should be prepared for more protests.

"Civil society is getting more and more frustrated and angry with the inaction of the pollution-bound, big-party politicians," he said.

"We are going to see more protest action against the powerful coal mining lobby, which wants to open more coal mines."

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Stupak aims to sink 'unacceptable' abortion compromise (Politico)

An aide to Rep. Bart Stupak (D-Mich.) coordinated opposition to the Senate health bill’s abortion compromise this morning with the Republican Senate leadership, according to a chain of frantic emails obtained this morning by POLITICO.
Stupak, in an interview with POLITICO, called the Senate bill’s abortion position "unacceptable" – but disavowed his staffer’s collaboration with Senate Minority Leader Mitch McConnell.
“I never talked to McConnell about the health care bill,” said Stupak, adding that “I did not authorize the email [which] “was sent without my knowledge.” 
Stupak said that he has discussed the Senate’s abortion position with Democratic senators Ben Nelson (Neb.) and Robert Casey (Penn.), who both hold conservative views on abortion.
Stupak's continued opposition to the Senate plan, despite those conversations and intense pressure from the White House, suggests that reconciling it with the House bill may prove politically challenging.
The Senate language represented “a dramatic shift in federal policy,” said Stupak, adding that he remained hopeful that the differences could be resolved in conference. Nelson, though, said earlier Saturday that his support for the legislation was contingent on the abortion compromise remaining in it.
The emails suggest a previously unseen degree of coordination between the offices of Stupak and McConnell. Stupak is the leader of a group of pro-life Democrats who say they’ll oppose the sweeping legislation if it uses government money to pay for abortion, while McConnell is firmly committed to killing the legislation.
The fact that their offices have made common cause against the Senate's health care compromise will likely further infuriate Stupak’s Democratic colleagues in the House, and demonstrates his willingness to stop any bill that doesn’t pass his test.
“Guys - when will we see your letters of opposition to the managers amendment?? We need them ASAP!” wrote Erika Smith, the Stupak aide, at 9:23 this morning, less than an hour after the amendment had become available.
The email’s recipients included key staffers for the U.S. Conference of Catholic Bishops, National Right to Life, the Family Research Council, as well as Autumn Fredericks Christensen, aide to top pro-life Republican Chris Smith, and Lanier Swann, a McConnell aide.
A minute after Smith sent out her plea, Lanier reiterated it to the list.
“Nelson is telling people in the building he will vote yes. If there was any time to weigh in against this deal —- THIS IS IT,” Swann wrote at 9:24 a.m.
Response to the bill has been negative from groups on all sides of the abortion divide.
Douglas Johnson, an official at the National Right to Life Committee, a group whose staffers were looped on Smith’s email, released a statement Saturday afternoon calling the Senate compromise “light years” away from Stupak's amendment. The president of the Susan B. Anthony List, Marjorie Dannenfelser, said the bill “is not ‘compromise’ or ‘middle ground’ – it is a betrayal of conscience for millions of Americans.”
“The new abortion language solves none of the fundamental abortion-related problems with the Senate bill, and it actually creates some new abortion-related problems,” she said.
Cecile Richards, the head of Planned Parenthood, called it “a sad day when women’s health is traded away for one vote,” adding that “there is no policy reason for this action, it is simply a political maneuver.” And the National Organization of Women sent out a release calling the provision “every bit as bad as the infamous House-passed Stupak-Pitts Amendment.”
The manager’s amendment, which emerged after hours of negotiations between Nelson and Senate Majority Leader Harry Reid, stops short of the total ban on health insurance plans that participate in a new exchange system offering abortion coverage. Instead, it includes a provision that allows states to prohibit abortion coverage in the exchanges.
The amendment also requires that health plans that provide abortion services separate, for accounting purposes, private premiums and federal funds, and ensure that the federal funds don't pay for abortion services, a maneuver derided in the past by anti-abortion groups as a shell game.

The compromise paved the way for a Senate vote on President Obama's top priority, but the frantic emails this morning suggest reconciling the bill with the House’s may remain an obstacle.

Stupak said that he was in Northern Michigan, without internet access, when the emails were sent from his office to McConnell’s. Smith “should have let me make up my own mind,” said Stupak.

A spokesman for McConnell declined to comment about the staffers’ exchange.

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Canada's opposition says not keen on 2010 election

OTTAWA (Reuters) –
In a sharp change of position, the head of Canada's main opposition party said in an interview published on Saturday that he was not keen on trying to trigger an election next year.

The comments by Liberal leader Michael Ignatieff mean it is likely the minority Conservative government -- which needs the support of opposition legislators to stay in power -- will be able to push through its budget early next year.

The Liberals were level in the polls with the Conservatives in early September but fell away sharply after Ignatieff said he would try to bring down the government on the grounds that it was mishandling the economy. Prime Minister Stephen Harper accused the Liberals of playing games during a crisis.

"Canadians did not want an election in 2009. I've heard that message 100 percent ... for Canadians it was a year of anguish and economic uncertainty," Ignatieff told the French-language La Presse newspaper.

Asked about an election in 2010, he replied: "I think Canadians are still worried about the economy. They keep telling us 'We've had enough elections. Do your work and leave us in peace'. I think that will continue in 2010."

The Liberals have since recovered some of the lost support but polls indicate that if an election were held now, the result would be a third consecutive Conservative minority government. The party won elections in January 2006 and October 2008.

No one in Harper's office was immediately available for comment. The prime minister was due to head back to Canada on Saturday from climate talks in Copenhagen.

Harper could try to trigger his own defeat over the budget -- expected in late February or early March -- by including policies unacceptable to the three opposition parties, who control a majority of seats in the House of Commons.

But he has repeatedly stressed he has no interest in an election now and wants to focus on the struggling economy.

A senior Liberal told Reuters on Saturday that while an election in 2010 was not Ignatieff's priority, he would look at the budget before deciding whether to support it or not.

Ignatieff, a former journalist and Harvard academic, angered some of his legislators by not consulting them before issuing his election threat in September.

The Conservatives regularly portray Ignatieff as a snob who is out of touch with ordinary Canadians. Ignatieff noted that despite the attacks, the two parties were at the same levels of public support as they had been in the 2008 election.

The Liberals, who have governed Canada for longer than any other party, lost their way after the 2006 election defeat and are finding it hard to come up with a coherent program. The party is due to hold a policy conference in March.

"The priority in 2010 is to create (a) moderate, credible centrist option ... we have a lot of work to do," said Ignatieff.

(Reporting by David Ljunggren, editing by Anthony Boadle)

Ahead of the Bell: CA upgraded on new technologies

NEW YORK – A Deutsche Bank analyst upgraded CA Inc. Wednesday, saying the business software company is poised to benefit from opportunities in the new technologies of virtualization and cloud computing.
Virtualization helps companies save money on power and equipment by enabling a single computer to function like multiple machines. Cloud computing is centered on the idea of running software from remotely hosted computers rather than on the user's own machine.
Analyst Todd Raker raised his rating to "Buy" from "Hold" and increased his target price on the company's shares to $28 from $22. Shares of CA finished Tuesday's trading at $21.91.
Raker said that as cloud computing starts to see "significant adoption" by businesses, managing how it is used will become increasingly important. Cloud computing leads to increased service and elevated security requirements for the companies that use them, and CA's "product portfolio is well positioned to benefit," the analyst said.
"We think the Street does not fully appreciate the virtualization/cloud computing management opportunity," Raker added.
In premarket activity, CA shares added 79 cents, or 3.6 percent, to $22.70.

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Japan stocks lead Asia lower; euro stabilizes

LONDON (Reuters) –
Global equities slipped on Wednesday with Japan leading the falls on concerns over the pace of recovery, while crude oil prices recovered and the euro picked up from a one-month low on bargain hunting.

Worries over Dubai's debt problems dampened risk appetite, though the stock sell-off was limited outside the Gulf after sharp losses in European and U.S. equities in the previous session. Safe-haven government bonds were steady.

Dubai's benchmark fell 6.2 percent, hitting a more than eight-month low and leading emerging market shares weaker.

The MSCI emerging equities index lost 0.7 percent and the MSCI All-Country World Index eased 0.3 percent, with Japan's Nikkei average down 1.3 percent after a bigger-than-expected downward revision to Japanese economic growth in the third quarter.

In Europe, the FTSEurofirst 300 index was down 0.4 percent, falling for the third day in a row, and Greek bank shares extended recent losses, down 3.1 percent after Fitch Ratings on Tuesday downgraded the country's sovereign rating on fiscal deterioration.

"There is no real reason for anyone to go back into the market. The year-end wind down and the flattening of traders' books started a week or so ago," said Jim Wood-Smith, head of research at Williams de Broe.

Greece's downgrade along with Dubai's debt crisis had weighed on the euro, but the currency recovered from a one-month low on Wednesday.

The euro was up 0.2 percent at $1.4735 after a three-day of decline against the dollar.

"While there is always the risk of another heavily-indebted country being downgraded this year, such as Spain, Ireland or Portugal, it looks like the euro will now stabilize at around $1.4700," said Stuart Bennett, senior fx strategist at Calyon in London.

The U.S. currency also fell 0.8 percent to 87.67 yen.

Worries about Britain's fiscal health continued to pressure sterling, which dipped below the $1.62 mark for the first time since mid-October ahead of finance minister Alistair Darling's pre-budget report at 1230 GMT (7:30 a.m. EST).

Oil prices recovered to above $73 a barrel, supported by industry data showing a big drop in U.S. crude stocks and a Saudi Arabian assurance over the strength of Gulf economies.

Gold edged off three-week lows as the dollar failed to retain gains.

Yields on benchmark 10-year U.S. Treasuries were steady at 3.390 percent, while those on 10-year Bund were down 2 basis points at 3.140 percent. (Additional reporting by Joanne Frearson and Naomi Tajitsu in London, editing by Mike Peacock)

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