Sunday, October 21, 2012

Roice-Hurst Humane Society Holds Fundraiser | KREX - News ...

Story Created: Oct 20, 2012 at 4:21 PM MDT

Story Updated: Oct 20, 2012 at 10:50 PM MDT

FRUITA, Colo.- People were taking part in "Paws and Pies" Saturday at the Hot Tomato in Fruita.

The Roice-Hurst Humane Society held its second annual adoption and fundraiser event right outside the restaurant.

All the proceeds from the restaurant's sales will benefit the nonprofit shelter.

Seven dogs were up for adoption.

"When people come out and support us and play with our pets and help socialize with them, it's just a wonderful day," said Elaine Johnson-Craig, fundraising coordinator for the Roice-Hurst Humane Society.

Creature Comforts Animal Hospital also offered microchipping costing no more than $35.

Source: http://www.krextv.com/news/around-the-region/Roice-Hurst-Humane-Society-Holds-Fundraiser--175091291.html

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AP Photos: Saturday's College Football Action

Florida's Quinton Dunbar, right, breaks away from South Carolina linebacker DeVonte Holloman (21) on a 13-yard touchdown pass play during the first half of an NCAA college football game, Saturday, Oct. 20, 2012, in Gainesville, Fla.(AP Photo/Phil Sandlin)

Florida's Quinton Dunbar, right, breaks away from South Carolina linebacker DeVonte Holloman (21) on a 13-yard touchdown pass play during the first half of an NCAA college football game, Saturday, Oct. 20, 2012, in Gainesville, Fla.(AP Photo/Phil Sandlin)

Florida linebacker Jelani Jenkins (3) goes airborne after assisting on a tackle on South Carolina's Kenny Miles (31) during the first half of an NCAA college football game, Saturday, Oct. 20, 2012, in Gainesville, Fla. (AP Photo/John Raoux)

Boise State's Lee Hightower (29) is the first to take the field as Boise State wears black uniforms for an NCAA college football game against UNLV on Saturday, Oct. 20, 2012 in Boise, Idaho. Boise State won 32-7. (AP Photo/Matt Cilley)

Notre Dame running back George Atkinson III is hit by BYU defensive back Daniel Sorensen as he dives in for a 20-yard touchdown run during the second half of an NCAA college football game in South Bend, Ind., Saturday, Oct. 20, 2012. Notre Dame defeated BYU 17-14. (AP Photo/Michael Conroy)

Michigan kicker Brendan Gibbons (34) and placeholder Drew Dileo (9) watch as Gibbons game-winning field goal clears the posts with seconds remaining to defeat Michigan State in an NCAA college football game in Ann Arbor, Mich., Saturday, Oct. 20, 2012. (AP Photo/Carlos Osorio)

The third-ranked Florida Gators on Saturday avenge consecutive losses to South Carolina with a 44-11 drubbing of the No. 9 Gamecocks in one of several key college football matchups across the country.

Florida's latest whatever-it-takes win keeps coach Will Muschamp's team undefeated and puts it on the cusp of the Southeasten Conference's Eastern Division title.

In other games Saturday, fifth-ranked Notre Dame beats BYU 17-14, No. 6 LSU defeats No. 20 Texas A&M 24-19, and No. 7 Ohio State beats Purdue 29-22 in overtime.

Here's a gallery of photos from Saturday's college contests.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-10-20-AP-US-College-Football-Photo-Gallery/id-ae20c8ef99b545178bc95be61cddcc90

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It Was All About the Video! (Powerlineblog)

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Wednesday, October 17, 2012

Doomed Costa Concordia helpless within seconds, court told

GROSSETO, Italy (Reuters) - The doomed Costa Concordia liner steamed into rocks off the Italian island of Giglio so quickly that within seconds water was rushing into a 35 meter-long gash torn into the hull and nothing could be done to save it, a court heard on Tuesday.

The evidence was presented during a pre-trial hearing into the disaster during which expert witnesses said key pieces of equipment, including a sonar depth sounder, were switched off when the accident happened.

The Concordia's captain, Francesco Schettino, is accused of the manslaughter of 32 people, causing a shipwreck and abandoning ship. He has admitted to making mistakes, but says he should not be the only one blamed.

His lawyers say that several aspects of the case need closer examination, including whether all the onboard safety and navigation equipment was working properly. They also say the ship's Indonesian helmsman may not have understood orders given by Schettino.

Much of the argument presented at the hearing this week has focused on possible wider failures that may have contributed to the loss of the giant liner, which capsized and sank on January 13 after being brought too close to shore during a maneuver known as a "salute".

The ship's equipment, crew training and safety procedures have all been criticized but the liner's operator, Costa Cruises, a unit of the U.S.-based Carnival Corp, has placed the blame squarely on Schettino.

"The size of the hole in the Concordia is enormous as was confirmed by the expert evidence which was discussed this morning," the company's lawyer Marco De Luca told reporters outside the closed-door hearing.

"It was also confirmed than within 40-50 seconds the ship was unmanageable because the systems went down immediately."

He said water rushed in so quickly that the company's crisis unit, in charge of handling the response to the accident from shore, had no time to do anything before the ship was lost.

SONAR EQUIPMENT OFF

However Schettino's lawyer Bruno Leporatti said despite the evidence presented in court, much remained to be established.

"Up to now, there have been declarations by the experts, who have given their interpretations and views, but the truth of what happened has not been established," he said.

A panel of court experts told the hearing that the sonar device had been off at the time of the shipwreck, according to people present in the hearing, which was closed to the public because the huge media interest could not be accommodated.

Leporatti also said onboard equipment, including emergency generators did not work at vital moments. "A series of instruments did not work and the experts haven't explained why, so we have to try to understand," he said.

The accident triggered a chaotic night-time evacuation of more than 4,000 passengers and crew on the rocky shoreline of the Tuscan island of Giglio. Thirty bodies have been recovered from the wreck and another two people remain unaccounted for.

Costa Cruises told the hearing that the ship had been equipped with more radar systems than needed, and that enough of them had been in operation to meet legal requirements.

Codacons, a consumer rights group that has been closely involved in the case, said more information was needed about the state of the ship's equipment before the disaster.

"All these aspects, had they been functional, may possibly have made up for the negative effects of Captain Schettino's actions and helped avoid the loss of human lives, even if the ship might have sunk nonetheless," said Giuliano Leuzzi, a lawyer for Codacons.

The ship itself remains on its side, balanced on a rocky shelf in full view of the harbor. Hundreds of divers and salvage engineers have begun the delicate operation of preparing the hulk for removal.

The pre-trial hearing will decide whether or not the charges against Schettino requested by prosecutors should stand and the case go to a full trial, expected next year.

(Reporting by Antonio Denti and Hanna Rantala; Editing by Kevin Liffey)

Source: http://news.yahoo.com/doomed-italian-liner-helpless-within-seconds-court-told-181719803.html

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Citigroup's CEO Pandit steps down

CNBC's Becky Quick and Joe Kernen, report Citigroup's Vikram Pandit is stepping down.

By NBC News staff and wire reports

In a move that stunned Wall Street, Citigroup's Vikram Pandit announced Tuesday he has stepped down as CEO of the banking giant and a member of its board.

The move is effective immediately.

The announcement, which came a day after Citigroup released solid earnings, also said that Chief Operating Officer John Havens, a close associate of Pandit, would step down.

Pandit, 55, will be replaced by Michael Corbat, who was previously Citi?s chief executive for Europe, Middle East and Africa.

Pandit?s departure was bewildering to analysts, as it came just one day after the bank reported strong revenue growth in its latest financial quarter, even as the bank?s net income declined.

?It does seem strange to me that someone would step away after reporting better-than-expected numbers and certainly do a lot to reconfigure the company for going forward,? said Peter Jankovski, co-chief investment officer at Oakbrook Investments in Lisle, Il., said.

?I would have expected he wanted to stay around and see some of the fruits of his labors there,? he added.

Adam Sarhan, chief executive officer at Sarhan Capital in New York, said ?Pandit is leaving at the top of the game and leaving the company in great hands, but the timing of the move is shocking.?

?Why they didn?t announce it with the earnings is a question that needs to be answered,? he added.

Indian-born Pandit became CEO of Citigroup on Dec. 11, 2007. He is a graduate of Columbia University, where he earned a MBA in 1980, followed by a Ph.D. in finance in 1986.

Matt McCormick, a banking analyst and portfolio manager Cincinnati-based Bahl & Gaynor, said Pandit had struggled to establish an identity for Citigroup.

?I would say ultimately he was unsuccessful in having people know what Citigroup stands for and what it does,? he said. ?He was not beloved by Wall Street. He was the accidental president. He was thrust into that position; he?s a hedge fund guy.?

Investment banker Richard Christopher Whalen of Tangent Capital Partners said Pandit?s departure is a ?good moment for Citigroup.?

?He should have left years ago,? he told CNBC, adding that the bank is doing the right thing by ?reaching inside? for Pandit?s successor.

In a memo to Citigroup employees Tuesday, incoming CEO Corbat he is ?both humbled by the confidence the Board has placed in me, and excited by the prospect of working closely with our management team and the Board to take our Company forward.?

?Over the last five years, Vikram has led Citi back to its roots as a bank, building on our legacy of serving clients and helping them on their journey from ambition to achievement,? Corbat added. ?I believe the fundamentals we have in place today are strong and that we are on the right path.?

The Associated Press and Reuters contributed to this report.

Click here to check Citigroup?s stock price.

Source: http://marketday.nbcnews.com/_news/2012/10/16/14478671-citigroups-ceo-vikram-pandit-steps-down?lite

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Tuesday, October 16, 2012

Africa Awards for Entrepreneurship announces winners

The African Leadership Network, the membership network of new generation leaders in Africa, and Omidyar Network, a philanthropic investment firm, on Friday, 12 October 2012, announced Dr. Richard John Pelwana Maponya as the winner of 2012 Africa Awards for Entrepreneurship Lifetime Achievement Award.

Maponya was honoured at the 2012 Africa Awards for Entrepreneurship ceremony, which is part of the African Leadership Network's Annual Gathering in Accra, Ghana. The award captured Maponya's achievements in his seven-decade career in entrepreneurship, and consolidates his distinction as an iconic African entrepreneur.

During his acceptance speech at the awards, Maponya said "At the time I started my first business in the 1950s, it was difficult for a young African to dream of political freedom, let alone entrepreneurial success.

The African economy is growing

Today, Africa is free and democracy is taking root. The African economy is growing, and presenting opportunities for entrepreneurs that at my time were a pipe dream. I am pleased to accept this award, as it is a reminder of what we can do as individuals and collectively, to create wealth for Africa and a better life for our people.There is nothing to stop Africans from doing what they want to do now."

Dr. Maponya began his entrepreneurial career in his twenties in the 1940s, and over the last seven decades has built a retail empire in South Africa. Among other outstanding achievements, Maponya's business successes include building the Maponya Mall, one of South Africa's biggest shopping malls with over 200 shops in Soweto.

Maponya's career has seamlessly blended entrepreneurship and social involvement, and apart from building a chain of successful businesses, has throughout his career served in key business leadership roles. He is the Founding President of the National African Federated Chamber of Commerce in South Africa, is a trustee of the Nelson Mandela Children Fund and sits on several other boards.

"Dr. Maponya is a hugely inspiring businessman who has served as a beacon for different generations of entrepreneurs over the last seven decades," comments Fred Swaniker, CEO and co-founder of the African Leadership Network.

"We are deeply inspired and humbled by Dr. Maponya's great achievements. The story of his life is a powerful reminder of the fact that for the entrepreneur, there are always opportunities, even when others might only see challenges. His life is testimony to the resilience, patience, determination and focus that makes a good entrepreneur. Dr. Maponya is an inspiring role model to many entrepreneurs in Africa, and is a brilliant example of the kind of leaders that will build wealth and prosperity in Africa."

Other winners included:

? La Laiterie du Berger won the Outstanding Small and Growing Business Award, a prize of US$50?000, and a commendation from the African Leadership Network. The company is a Senegalese dairy company that sources and processes milk from semi-nomadic Fulani pastoralists living along the Senegal River.

? Bridge International Academies was the runner-up for the Outstanding Small and Growing Business Award, also a prize of US$50?000, and a commendation from the African Leadership Network. In 2007 the company developed a strategy that would allow it to launch a large-scale network of high-quality, ultra low-cost, for-profit private schools.

? Secure ID won the Mature Business Award, which also came with a grand prize of US$100?000. SecureID is Nigeria's foremost Smart Card manufacturing company. It is the leading Europay, MasterCard and Visa - certified card plant in West Africa, one out of only six on the continent and a member of the elite club of only 80 such companies in the world.

? Quality Chemicals Industries Ltd. (QCIL) won the Transformational Business Award. The prize is bestowed on a notable business leader who has had a major socio-economic impact in Africa by building a business with revenues greater than USD 50 million. QCIL is a leading sciences and distribution company that locally manufactures anti-malarial and antiretroviral drugs to combat two of Africa's greatest challenges malaria and HIV/AIDS.

For more, go to www.africanleadershipnetwork.com.

Source: http://www.bizcommunity.com/Article/410/40/83472.html

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Sunday, September 23, 2012

North Korea To Make Agriculture Reforms - Business Insider

We don't have much to go on at the moment, but according to a new Reuters story, big changes could be coming to North Korea.

A source close to both Pyongyang and Beijing told Reuters' Benjamin Kang Lim that farmers will soon be allowed to keep half their crop:

"Peasants will have incentive to grow more food. They can keep and sell in the market about 30-50 percent of their harvest depending on the region,"

The move appears to be an attempt to lightly reform the North Korean economy so that the famines of the 1990s would not be repeated. The incentive would mark a reversal of a clampdown on private enterprise that began in 2005, and appears to be directed at rising rice prices widely reported by overseas press.

The news also echoes a New York Times article from earlier this year.

There have been other signs that reform has been coming to North Korea. Kim Jong-un only took over from his father, Kim Jong Il as supreme leader of the country in December. However, Foreign observers have already noted a change in leadership style, and an apparent embrace of South Korean fashion on the streets.

There also appears to have been strife in the North Korean leadership. After one senior general was forced into retirement earlier this year, there were reports of a gun battle between forces loyal to Kim and those loyal to the ousted Ri Yong-ho. Reports at the time suggested that Kim wanted to end the military's control of the country's economy.

Observers have also noted that North Korea's Supreme People's Assembly are planning to meet on September 25th. The People's Assembly has already met once this year, and meetings of more than once per-annum have generally been rare.

Reuters' source advices not to expect too much from the meeting, adding that it will be used to discuss an "economic adjustment". However, he or she added that North Korea may be hoping to follow China's "reform and opening up" strategy, but seeking to avoid labeling it as such.

"It won't be called 'reform and opening up' because it sounds like 'dog fart' in Korean," the source told Reuters.

?

Source: http://www.businessinsider.com/north-korea-to-make-agriculture-reforms-2012-9

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