Friday, April 27, 2012

VOA News: Economy: US Economic Growth Slows

VOA News: Economy
Economy Voice of America
US Economic Growth Slows
Apr 27th 2012, 14:49

U.S. economic growth slowed down in the first three months of this year, falling to an annual rate of 2.2 percent.

Friday's report from the Commerce Department says growth was cut seven-tenths of a percentage point as governments cut spending, and imports exceeded exports.

These negatives outweighed consumer spending increases and some improvements in the battered housing sector.

Economists say the first quarter's 2.2 percent growth is not fast enough to cut the U.S. unemployment rate, which stands at 8.2 percent.

Worries about jobs and the economy are a key issue in this year's presidential campaign.

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VOA News: Economy: Credit Downgrade Highlights India's Economic Challenges

VOA News: Economy
Economy Voice of America
Credit Downgrade Highlights India's Economic Challenges
Apr 27th 2012, 15:02


The U.S.-based financial ratings agency Standard & Poor's has revised its credit outlook for India from stable to negative.  The downgrade has brought into sharp focus the challenges of India's slowing economy.

Standard & Poor's revised outlook for India from stable to negative was prompted by concerns about the country's high debt and fiscal deficit and its failure to move ahead with critical economic reforms.

Finance Minister Pranab Mukherjee has said there is no need to panic. But officials admit the rating agency's move is a wake-up call. The government is promising some financial reforms during the ongoing session of parliament.

Economist A. Prassana at ICICI Securities in Mumbai says the government needs to bring its huge spending under control. But he says there are concerns that stiff political opposition will continue to pose a challenge to implementing key economic reforms. 

"The most urgent task or the most important step is to contain the fiscal deficit. I think they should try and better which they have set for themselves, which is five point one percent of GDP. There is a long list of reforms," Prassana stated. "What has been happening there has been a lot of talk over the last six months. But ultimately no action is being seen on the ground." 

One of the most critical reforms is cutting down fuel subsidies given to consumers, which are a huge drain on government finances.

Economists stress the need for quick action. They point out that India risks losing its prized investment grade status if its financial situation worsens over the next one to two years. Standard and Poor's has warned that India faces a one-in-three chance of losing its triple-B rating.

Such a downgrade would scare foreign investors. It would make borrowing more expensive for India. It would also weaken the local currency, which has already depreciated against the dollar by nearly 20 percent in the last year. This in turn would push up the cost of oil in a country that imports more than three quarters of its crude oil requirement.

Observers say India needs to restore confidence in the economy. While officials expect the pace of growth to accelerate this year, economist Prassana is skeptical.  "I don't see we are going to see any robust recovery. If the government does not get its act together we will grow at sub-optimal levels," he said. "And therefore fall behind our own targets we set ourselves in terms of development targets."

India's economy has grown briskly for several years and the country is seen as an important emerging economy. But growth slipped below 7 percent last year, the lowest in three years. 

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VOA News: Asia: Credit Downgrade Highlights India's Economic Challenges

VOA News: Asia
Asia Voice of America
Credit Downgrade Highlights India's Economic Challenges
Apr 27th 2012, 15:02


The U.S.-based financial ratings agency Standard & Poor's has revised its credit outlook for India from stable to negative.  The downgrade has brought into sharp focus the challenges of India's slowing economy.

Standard & Poor's revised outlook for India from stable to negative was prompted by concerns about the country's high debt and fiscal deficit and its failure to move ahead with critical economic reforms.

Finance Minister Pranab Mukherjee has said there is no need to panic. But officials admit the rating agency's move is a wake-up call. The government is promising some financial reforms during the ongoing session of parliament.

Economist A. Prassana at ICICI Securities in Mumbai says the government needs to bring its huge spending under control. But he says there are concerns that stiff political opposition will continue to pose a challenge to implementing key economic reforms. 

"The most urgent task or the most important step is to contain the fiscal deficit. I think they should try and better which they have set for themselves, which is five point one percent of GDP. There is a long list of reforms," Prassana stated. "What has been happening there has been a lot of talk over the last six months. But ultimately no action is being seen on the ground." 

One of the most critical reforms is cutting down fuel subsidies given to consumers, which are a huge drain on government finances.

Economists stress the need for quick action. They point out that India risks losing its prized investment grade status if its financial situation worsens over the next one to two years. Standard and Poor's has warned that India faces a one-in-three chance of losing its triple-B rating.

Such a downgrade would scare foreign investors. It would make borrowing more expensive for India. It would also weaken the local currency, which has already depreciated against the dollar by nearly 20 percent in the last year. This in turn would push up the cost of oil in a country that imports more than three quarters of its crude oil requirement.

Observers say India needs to restore confidence in the economy. While officials expect the pace of growth to accelerate this year, economist Prassana is skeptical.  "I don't see we are going to see any robust recovery. If the government does not get its act together we will grow at sub-optimal levels," he said. "And therefore fall behind our own targets we set ourselves in terms of development targets."

India's economy has grown briskly for several years and the country is seen as an important emerging economy. But growth slipped below 7 percent last year, the lowest in three years. 

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VOA News: Asia: Pakistan Deports Bin Laden Family

VOA News: Asia
Asia Voice of America
Pakistan Deports Bin Laden Family
Apr 27th 2012, 15:34

Pakistan has deported Osama bin Laden's family to Saudi Arabia, nearly a year after the al-Qaida leader was killed in a U.S. raid.

Intelligence officials say bin Laden's three widows -- two Saudi nationals and a Yemeni -- and their children were taken to the airport near Islamabad shortly after midnight on Friday, where a plane was waiting to take them to the kingdom.

Saudi officials have not commented on the deportation.

Earlier this month, a Pakistani court convicted bin Laden's widows and two of his daughters on charges of illegally residing in the country and sentenced them to 45 days detention to be followed by deportation.

The widows, several of bin Laden's children and at least one grandchild were detained after U.S. special forces killed the al-Qaida leader during a covert operation in the Pakistani city of Abbottabad on May 2 of last year.

They were formally arrested last month and received credit for time already served, shortening their sentence to two weeks.

Pakistan's Interior Ministry said Friday that 14 members of the bin Laden family had been deported to the "country of their choice, Saudi Arabia."

It is unclear if bin Laden's youngest wife will stay in Saudi Arabia or return to her homeland of Yemen.

According to a Pakistani police report, Amal Ahmed Abdulfattah told police the al-Qaida leader spent nearly 10 years on the run in Pakistan following the September 11, 2001 attacks in the United States. She said the family moved to different safe houses around the country.

The 30-year-old Yemeni said she gave birth to four of bin Laden's children while in Pakistan, with two of them born in government hospitals.

Some information for this report was provided by AP, AFP and Reuters.

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VOA News: Europe: 27 Wounded in Ukraine Bomb Blasts

VOA News: Europe
Europe Voice of America
27 Wounded in Ukraine Bomb Blasts
Apr 27th 2012, 14:46

Twenty-seven people were wounded by blasts in the Ukrainian city of Dnipropetrovsk, in what authorities are calling a terrorist attack.

Officials say four explosions went off within minutes Friday near a train stop, a movie theater, a park and a downtown area.  Some of the bombs were reportedly planted in trash bins.

President Viktor Yanukovich vowed a firm response and said the blasts represent a challenge to the entire country.

Interior Minister Vitaly Zakharchenko quickly left for Dnipropetrovsk to lead an investigation into the attack.  Authorities did not immediately release information on the possible perpetrators.

Dnipropetrovsk is the hometown of Ukraine's jailed former prime minister Yulia Tymoshenko, who is serving a seven-year sentence for abuse of office.  She is now standing trial on tax-evasion charges that could extend her jail time to 12 years.

Tymoshenko, an opposition leader, denies the charges and says they are part of a campaign by President Yanukovych to remove his strongest political rival.

Some information for this report was provided by AP, AFP and Reuters.

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VOA News: USA: Murals Brighten Baltimore Neighborhood

VOA News: USA
USA Voice of America
Murals Brighten Baltimore Neighborhood
Apr 27th 2012, 14:06

A neighborhood in the East Coast city of Baltimore is getting a facelift. Artists from across the United States and around the world are painting murals on buildings, some of which have been vacant for years.

<!--AV-->
Freddy Sam is putting the finishing touches on a large mural with an elephant at one end and mountain in the center.

"This is Table Mountain from back home," he says. "I wanted to bring some nature to Baltimore."  

Sam came from South Africa to participate in the program known as Open Walls. He's painted murals across the world. "I get to learn about the world through painting art. If I came here as a tourist, I would never have seen Baltimore the way I saw it painting a mural."

In fact, few tourists see this neighborhood, known as Station North. It fell on hard luck decades ago. But 10 years ago, it was designated an arts and entertainment district.

Ben Stone, executive director of the Station North district, hopes the murals will attract more visitors. "Penn Station, our main train station, is in the district, so it's an easy area to get to, and this is another reason to come here." <!--IMAGE-LEFT-->

Station North is also home to artists like Gaia. He's curating Open Walls. "I wanted to choose people that weren't necessarily the brightest stars, but were doing remarkable work throughout the world."

Like Interesni Kazki, a duo from Ukraine. Their mural features a fantasy walled city painted in bright yellow, red and orange. Individually the artists are known as Oleksii Bordusov and Vladimir Manzhos.

"We started from traditional graffiti, letters," Manzhos says. But he adds, they eventually wanted to paint more. "It is not interesting to paint just letters, because you cannot tell more than just your name."

Other participants in Open Walls, including Freddy Sam, also got started as graffiti artists. But Gaia began his career putting up original posters on abandoned buildings. The detailed black-and-white prints feature animals.<!--IMAGE-LEFT-->

The mural he painted for Open Walls depicts a pigeon cradled in a giant left hand. Around the corner of the building is the right hand, with three fingers curled and the index finger stroking the bird's breast.

"I love it," says William, a lifelong resident of Station North, who raises pigeons. "It also has a sense of peace. And if you look at the other side, it has a sense of giving."

Ultimately, more than 20 murals will color the neighborhood. The government is financing the program along with a privately held bank in a bid to revive the neighborhood.  

"We are also looking to increase investment in the area," says Stone. "That could be people wanting to buy homes here, rent homes here, open businesses here."

Vander Pearson opened his flower shop in Station North 30 years ago. He hopes new people will move in.

"I try to keep different things in, statues and different little flowers and things people would like to buy and plant in their back yard or hang on their porch," he says.

But there are plenty of vacant homes alongside ones that have been renovated.  

"The city, for better or for worse, is a canvas, because we have 45,000 abandoned buildings in this metropolitan area," says Gaia. "Development can be swift or slow."

In the meantime, the murals are bringing attention to a neighborhood that has been overlooked but is focused on a brighter future.

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VOA News: USA: US Space Shuttle Enterprise On Way to New York

VOA News: USA
USA Voice of America
US Space Shuttle Enterprise On Way to New York
Apr 27th 2012, 14:40

The U.S. space shuttle Enterprise is hitching a ride to New York Friday on a jumbo jet - NASA's second shuttle flyover in just two weeks after Discovery traveled to replace Enterprise at a Washington area museum.

The U.S. space agency had planned to transport Enterprise earlier this week, but the trip had to be postponed because of bad weather. The 747 jet carrying Enterprise took off Friday morning from Dulles International Airport outside Washington.

Just as Discovery recently flew over Washington landmarks, Enterprise will fly over high-profile locations in New York, including the Statue of Liberty, before landing at New York City's John F. Kennedy International Airport.

Enterprise will later make its new home in Manhattan's Intrepid Sea, Air and Space Museum, while Discovery is now on display in its old home - the National Air and Space Museum's Udvar-Hazy Center outside Washington.

Enterprise was used as an Earth-bound test vehicle and never flew into space.

NASA retired its shuttle fleet last year to focus on developing the next generation of spacecraft that will travel beyond low earth orbit.

Some information for this report was provided by AP.

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VOA News: Asia: Chinese Dissident Escapes House Arrest

VOA News: Asia
Asia Voice of America
Chinese Dissident Escapes House Arrest
Apr 27th 2012, 14:37

Blind Chinese human rights activist Chen Guangcheng has escaped from heavily-guarded house arrest in Shandong and has released a video in which he directly addresses Premier Wen Jiabao.

Supporters helped Guangcheng make a daring and bold escape from his home on Sunday, after spending about 18 months in detention. No other details about the escape are available, and his current whereabouts are not known.

Chen's video, posted on various websites, are his first public comments.

In it, Chen says the abuse he was subject to while under house arrest was even worse than had been discussed by supporters on the Internet. Although he is now free, he says he is worried about the safety of his family.

Chen says his wife, child and mother are still under the control of the local authorities, and are therefore subject to persecution. He said he is concerned the retaliation against them will be "crazy."

Authorities last July brutally beat Chen and his wife for four hours, according to activists, which later led to incorrect rumors that he had died. Meanwhile, activists now say local authorities have taken into custody family members who brawled with them after the escape.

In his video, Chen urged the central officials to investigate the situation in his hometown near Linyi in Shandong province. He accuses local officials of being corrupt, and wanting to keep him detained so that "their criminality is not revealed."

Foreign Ministry spokesman Liu Weimin refused to comment. He says he has seen what he called "relevant reports," but that he has no information so far.

Activists say Chen is somewhere in Beijing, and some reports suggest that he may have fled to the U.S. embassy. Witnesses Friday said they saw no unusual Chinese security activity outside the U.S. embassy and American spokesmen said they also had no information on the case at this time.

Chen is a 40-year-old self-taught lawyer who spent four years in prison after exposing forced abortions and sterilizations by Chinese family planning authorities. He has been under house arrest since he was released from jail in September 2010.

This incident comes just a week before regular, high-level U.S.-China discussions that will include human rights issues. It is also occurring at a time when China's ruling Communist Party is trying to ensure social stability ahead of a leadership transition later this year.

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VOA News: Asia: Japan Welcomes US Base Agreement

VOA News: Asia
Asia Voice of America
Japan Welcomes US Base Agreement
Apr 27th 2012, 13:59

The Japanese government is welcoming an agreement with the United States on the redeployment of U.S. marines from Okinawa.

Speaking to reporters in Tokyo, Japanese Foreign Minister Koichiro Gemba described the agreement as a positive achievement.

He said the transfer of 9,000 marines to Guam and other Asia-Pacific sites and the eventual return of several military facilities represent concrete steps towards reducing the burden of the U.S. military presence in Okinawa.

Defense Minister Naoki Tanaka said the deal will maintain and reinforce the deterrence posed by U.S. forces in the region.

The deal calls for separate discussions on the issue of Futenma, a U.S. base located in the heart of an urban area. In 2006, Japan and the United States agreed to move the base within the prefecture to the more rural area of Henoko.

But the plan has faced strong local opposition, including by the governor of Okinawa, who wants the base to be moved outside the prefecture.

Defense Minister Tanaka said the choice of Henoko remains the "only viable option" for the relocation of Futenma.

Tanaka said the government is not considering any alternatives because they would be too difficult to implement.

The governor of Okinawa said Friday that he welcomed the government's efforts to decouple the issue of Futenma from the deal over the local bases. He said he's waiting to learn exactly when the military facilities will be returned to Okinawa.


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VOA News: Arts and Entertainment: Murals Brighten Baltimore Neighborhood

VOA News: Arts and Entertainment
Arts and Entertainment Voice of America
Murals Brighten Baltimore Neighborhood
Apr 27th 2012, 14:06

A neighborhood in the East Coast city of Baltimore is getting a facelift. Artists from across the United States and around the world are painting murals on buildings, some of which have been vacant for years.

<!--AV-->
Freddy Sam is putting the finishing touches on a large mural with an elephant at one end and mountain in the center.

"This is Table Mountain from back home," he says. "I wanted to bring some nature to Baltimore."  

Sam came from South Africa to participate in the program known as Open Walls. He's painted murals across the world. "I get to learn about the world through painting art. If I came here as a tourist, I would never have seen Baltimore the way I saw it painting a mural."

In fact, few tourists see this neighborhood, known as Station North. It fell on hard luck decades ago. But 10 years ago, it was designated an arts and entertainment district.

Ben Stone, executive director of the Station North district, hopes the murals will attract more visitors. "Penn Station, our main train station, is in the district, so it's an easy area to get to, and this is another reason to come here." <!--IMAGE-LEFT-->

Station North is also home to artists like Gaia. He's curating Open Walls. "I wanted to choose people that weren't necessarily the brightest stars, but were doing remarkable work throughout the world."

Like Interesni Kazki, a duo from Ukraine. Their mural features a fantasy walled city painted in bright yellow, red and orange. Individually the artists are known as Oleksii Bordusov and Vladimir Manzhos.

"We started from traditional graffiti, letters," Manzhos says. But he adds, they eventually wanted to paint more. "It is not interesting to paint just letters, because you cannot tell more than just your name."

Other participants in Open Walls, including Freddy Sam, also got started as graffiti artists. But Gaia began his career putting up original posters on abandoned buildings. The detailed black-and-white prints feature animals.<!--IMAGE-LEFT-->

The mural he painted for Open Walls depicts a pigeon cradled in a giant left hand. Around the corner of the building is the right hand, with three fingers curled and the index finger stroking the bird's breast.

"I love it," says William, a lifelong resident of Station North, who raises pigeons. "It also has a sense of peace. And if you look at the other side, it has a sense of giving."

Ultimately, more than 20 murals will color the neighborhood. The government is financing the program along with a privately held bank in a bid to revive the neighborhood.  

"We are also looking to increase investment in the area," says Stone. "That could be people wanting to buy homes here, rent homes here, open businesses here."

Vander Pearson opened his flower shop in Station North 30 years ago. He hopes new people will move in.

"I try to keep different things in, statues and different little flowers and things people would like to buy and plant in their back yard or hang on their porch," he says.

But there are plenty of vacant homes alongside ones that have been renovated.  

"The city, for better or for worse, is a canvas, because we have 45,000 abandoned buildings in this metropolitan area," says Gaia. "Development can be swift or slow."

In the meantime, the murals are bringing attention to a neighborhood that has been overlooked but is focused on a brighter future.

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