Tuesday, October 15, 2013

Jeremy Lin brings Rockets to ancestral homeland

TAIPEI, Taiwan (AP) — Houston Rockets guard Jeremy Lin arrived in Taiwan on Friday to play in his parents' homeland.


The Rockets will face the Indiana Pacers in an NBA preseason game Sunday in Taipei — a special occasion for the league's first American-born player of Taiwanese descent.


"I kind of see this as a once-in-a-lifetime opportunity," Lin told a packed news conference. "I don't know if I'll ever be able to come back and play a NBA preseason game here where my parents were born and raised.


"Definitely, I am looking forward to it. It's a celebration in some sense."


The Rockets and Pacers traveled to Taipei from Manila, where Houston beat Indiana 116-96 on Thursday in the first NBA preseason game in the Philippines.


Taiwan is still in the throes of "Linsanity," with Lin T-shirts and related paraphernalia popular on this self-governing island of 23 million people, 100-miles off the China coast.


Rockets coach Kevin McHale said Lin learned last season about the grind of a full NBA season and praised him for the hard work he put in over the summer to improve his game.


"He worked really, really hard," McHale said. "I think he's going to get better and better."


Home to a professional basketball league of its own, Taiwan fits into the NBA's plans to expand its brand internationally. Retired star Yao Ming of China gave the league a massive lift in the world's largest single market.


The game on Sunday is the second NBA exhibition in Taipei in four years. The Pacers played the Denver Nuggets in October 2009.


"We spent a lot time together off the court," new Rockets center Dwight Howard said. "This trip has really helped us bond. I am very, very excited about our future as a team. I believe that everybody has a confidence that we can win a championship. That's the main thing."


Pacers center Roy Hibbert said this Indiana team is different from the one that played here four years ago.


"We went from a team that was trying to get to the playoffs to being a contender," he said. "We have just gotten stronger. We went from a 3-point shooting team to a team that plays physical. Our whole identity changed.


"So you are definitely going to see a different Pacers than you saw four or five years ago."


Source: http://news.yahoo.com/jeremy-lin-brings-rockets-ancestral-homeland-150014578--spt.html
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Manzo leaving 'The Real Housewives of New Jersey'

NEW YORK (AP) — One of the original members of "The Real Housewives of New Jersey" has announced she's leaving the show after five seasons.


Caroline Manzo made the announcement Sunday on Twitter and on her blog on Bravo's website after "The Real Housewives of New Jersey" aired the final part of the show's reunion.


She says the reality show — known for its brawls, screaming and family fights — has become something she hopes her future grandchildren will never see.


Manzo wrote that she's filming a pilot spinoff called "Manzo'd With Children" that would give "a very different look" at her family.


An email to Bravo seeking comment wasn't immediately returned Monday.


___


Online:


http://www.bravotv.com/the-real-housewives-of-new-jersey


Source: http://news.yahoo.com/manzo-leaving-real-housewives-jersey-171518005.html
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UK banking reforms leave London exposed - banking commission


By William James


LONDON (Reuters) - Reform of Britain's scandal-hit banking industry is too piecemeal, undermining its ability to boost the economy and leaving it exposed to further crisis, the lawmaker who drafted initial plans for an overhaul told Reuters.


Andrew Tyrie, the chairman of a government-appointed banking commission, said he was concerned that the government was ignoring important elements of his blueprint for reform and sometimes mistakenly favouring non-binding guidelines over statutory legislation.


"The commission is not yet happy," Tyrie said in an interview, referring to his own parliamentary panel. "We're watching and we're not going to go away," he said, sipping black tea in his office overlooking the River Thames.


The government asked his commission to identify the failings that took Britain's banks to the brink of collapse in 2008 and triggered damaging mis-selling and rate-fixing scandals, and to suggest changes to ensure such mistakes were never repeated.


Many of the changes that Tyrie's commission recommended in June were included in the government's Banking Reform Bill, legislation designed to stabilise and protect the financial sector. It is expected to become law early next year.


But Tyrie said the government was being too selective.


"We don't know which tools might become crucial, but what we do know, and what the Banking Commission concluded, is that reforms and improvements are needed on many fronts, and those fronts are interlocking," he said. "Taken together they will give us a much better chance of protecting ourselves."


Tyrie highlighted the government's plan to regulate banks' leverage ratios - the total amount of lending versus capital - which his commission has described as "the single most important tool to deliver a safer and more secure banking system."


The government has said it will grant oversight over leverage to the Bank of England's Financial Policy Committee (FPC) in 2018, but has given itself the right to change its mind in 2017.


"In other words, they are not committing to handing powers over to the FPC in five years' time. They're committed to (only) taking a look at whether they will," said Tyrie.


REPUTATION


Tyrie also worries that powers to claw back bankers' bonuses aren't being written into law and that regulators won't get new powers to intervene at banks where leadership may be failing.


In the past, Tyrie has complained that significant changes to the banking reform bill were being rushed through so it could become law in 2014, saying it was crucial to ensure such revisions were in line with his commission's proposals.


Britain's ability to bounce back from three years of economic stagnation also hinges on the reforms because without greater confidence in the strength of the banking system businesses will not borrow, invest and grow, Tyrie said.


"The recovery is not going to be secured by some grand gestures on a few massive projects," he said, outlining the limits of government intervention in the economy.


"It's going to be secured by the business decisions of hundreds of thousands of people, small businessmen and sole traders, underpinned by an improvement in confidence."


He said the Royal Bank of Scotland, which the government bailed out in exchange for an 82 percent stake, should be doing much more to support small businesses.


Tyrie's commission has been pushing the government to consider hiving off the bank's toxic assets into a separate 'bad bank', freeing up the 'good bank' to lend more, but a promised government analysis on the subject has yet to be published.


He said that review, being prepared by investment bank Rothschild and due in the next two months, needed to be arrived at "wholly independently and not on the basis of restrictive guidance by RBS, regulators and particularly government."


(Editing by Andrew Osborn and Ruth Pitchford)



Source: http://news.yahoo.com/uk-banking-reforms-leave-london-exposed-banking-commission-060818153--business.html
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Sunday, October 13, 2013

Edward Norton to Host 'Saturday Night Live'



JohnnyNunez/WireImage/Getty Images


Edward Norton


Edward Norton is headed to Saturday Night Live.

The actor will host the NBC show for the first time Oct. 26 in an episode featuring musical guest Janelle Monae.

Although he has never hosted, Norton has made several cameo appearances over the years. He appeared in a 1999 VH1 parody and during Salma Hayek's 2003 opening monologue.

Source: http://feedproxy.google.com/~r/live_feed/~3/DuwbjXJAQLY/story01.htm
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Friday, October 11, 2013

Air Force fires general overseeing nuclear missiles


WASHINGTON (Reuters) - The two-star general overseeing America's arsenal of intercontinental missiles was fired on Friday for personal misbehavior, the Air Force said, saying the matter was not tied to the operational readiness of U.S. nuclear missiles.


The Air Force said the removal of Major General Michael Carey from his job as commander of the 20th Air Force was due to due to a loss of trust and confidence but did not elaborate.


The decision was "based on information from an Inspector General investigation into Carey's behavior during a temporary duty assignment," the Air Force said in a statement.


"20th AF continues to execute its mission of around-the-clock nuclear deterrence in a safe, secure and effective manner," Lieutenant General James Kowalski, commander of the Air Force Global Strike Command, said in a statement.


"It's unfortunate that I've had to relieve an officer who's had an otherwise distinctive career spanning 35 years of commendable service."


The Air Force said the matter also did not relate to sexual assault.


Headquartered at F.E. Warren Air Force Base in Wyoming, the 20th Air Force is responsible for the nation's three intercontinental ballistic missile wings.


The announcement came just two days after the deputy commander of U.S. Strategic Command, which oversees all of America's nuclear arsenal as well as its space operations, was relieved from his job during an investigation into issues related to gambling.


(Reporting by Phil Stewart and David Alexander; Editing by Doina Chiacu)



Source: http://news.yahoo.com/u-major-general-overseeing-nuclear-missiles-fired-official-160212138.html
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Monday, August 5, 2013

Metro teachers leaving for better jobs abroad

With layoffs, scandals, and pay cuts, many Atlanta metro teachers are looking elsewhere to utilize their talents. And for some, that means travelling halfway around the world for a job.?

A dream job.?

"The benefits of going? Salary, of course!" laughed Bonnie Dyer. "The salary is outstanding."?

Dyer and Ahmed Ahmed are former DeKalb County educators, who are getting ready to teach in the United Arab Emirates.?

"They pay for your housing; they pay for your medical; and they'll sponsor up to three children under the age of 18," she said. "They guarantee that you can save up to 60-70 percent of your salary."?

In addition, English as Second Language teachers typically don't have to pay taxes. And in a time when many educators feel under-valued and overworked, teaching abroad can be a smart career move.?

"I've experienced a lot of teachers who've experienced lay-offs," said Ahmed. "A lot of ex-teachers who've experienced cutbacks in terms of no standard of living increases and furlough days."

Between the two of them, Dyer and Ahmed say they have six degrees and six teaching certifications. And yet every year, their jobs were not guaranteed with schools operating on a shoestring, plus new teachers being hired for less.?

They believe many other veteran educators will join the migration to other countries.?

"Many of their teachers and administrators are going over to the UAE to teach," Dyer said. "And it's not just the UAE, it's Saudi Arabia, there's some in Kuwait."?

Changing locales to a shining city in the desert is just one of the perks for ESL teachers. Another is the satisfaction of knowing that they are wanted.?

"They want an opportunity where they can expand career-wise and just to avoid a lot of the things that have happened in terms of cutbacks, teacher layoffs, standard of living decreases, and so forth," Ahmed said. "So this is definitely a great opportunity."?

Source: http://decatur.11alive.com/news/news/362332-metro-teachers-leaving-better-jobs-abroad

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Sunday, August 4, 2013

Democratic governors nervous about health plan

Oklahoma Governor Mary Fallin gives a thumbs up after riding a Harley Davidson motorcycle to the motorcycle museum Friday, August, 2, 2013 in Milwaukee. The National Governors Association is meeting in Milwaukee. (AP Photo/Jeffrey Phelps)

Oklahoma Governor Mary Fallin gives a thumbs up after riding a Harley Davidson motorcycle to the motorcycle museum Friday, August, 2, 2013 in Milwaukee. The National Governors Association is meeting in Milwaukee. (AP Photo/Jeffrey Phelps)

Wisconsin Governor Scott Walker, right, shakes hands with a Harley Davidson rider at the museum Friday, August, 2, 2013 in Milwaukee. The National Governors Association is meeting in Milwaukee. (AP Photo/Jeffrey Phelps)

Oklahoma Governor Mary Fallin, right, and Wisconsin Governor Scott Walker embrace after they rode in to the Harley Davidson museum on Harley Davidson motorcycles Friday, August, 2, 2013 in Milwaukee. The National Governors Association is meeting in Milwaukee. (AP Photo/Jeffrey Phelps)

MILWAUKEE (AP) ? Democratic governors say they are nervous about getting the new federal health care law implemented but add they will be better positioned in next year's elections than many of their Republican counterparts who have resisted the far-reaching and politically polarizing measure.

Several of the 12 Democratic governors shared that sense of nervousness-veiled-by-optimism at the National Governors Association meeting Saturday in Milwaukee.

"There's some angst, and you can see that from the decision the administration made a couple weeks ago," said Delaware Gov. Jack Markell. "There's a lot of work to do."

By next Jan. 1, most people will be required to have insurance. States have to set up exchanges by Oct. 1, when uninsured individuals can start buying subsidized private health coverage that would go into effect Jan 1, and businesses with more than 50 employees working 30 or more hours a week were supposed to offer affordable health care to their workers or risk a series of escalating tax penalties.

But businesses said they needed more time, and on July 2, President Barack Obama's administration abruptly extended the deadline one year ? to Jan. 1, 2015.

That caused some Democrats in Congress to worry the program would not be ready on time, as states are building online platforms for their residents to use to comply with the law. Although the U.S. Supreme Court upheld the Affordable Care Act in June 2012, the Republican-controlled House has voted 40 times since Obama signed the law in 2010 to repeal, defund or scale it back, most recently Friday.

As Congress prepared to head home for a five-week recess, Obama sought to calm jittery Democrats, assuring them that they are "on the right side of history" despite problems with the law's launch.

Republicans have stated openly they plan to use the slow economic recovery and the health care law to attack Democrats in the 2014 congressional elections.

But Iowa Gov. Terry Branstad, a Republican, said GOP governors could get blamed next year, even if they worked to meet its requirements, a situation that could be aggravated by Republicans in the U.S. House who continue to hold votes to attack it.

"My approach is not to complain about things, but to get it done best we can," said Branstad, who has been a vocal critic of the law. "It's our responsibility."

Wisconsin Gov. Scott Walker, the governors' host and a possible 2016 Republican presidential prospect, said Obama delayed the employer mandate out of fear that voters would blame Democrats in the 2014 elections if the economy suffered as a result of the new law.

"A cynic would be right to say the reason they pushed back the employer mandate had little to nothing to do with policy and everything to do with politics," Walker said.

Most of the two dozen governors from both parties gathered at the conference expressed confidence that their states would be ready on time, especially Democrats, although they said the work is daunting.

"Any time you go and make this much change in this short a period of time, it does cause headaches," Colorado Gov. John Hickenlooper said.

But with that pain comes progress, Hickenlooper and others argued. And those Republicans who have resisted or delayed taking action will pay the price.

Long before election day, the philosophical debate over the bill will have turned into a practical reality for millions of newly insured voters.

"Choosing ideology over jobs and affordable health care is a false choice, and it's an example of the differences between Republicans and Democrats," Vermont Gov. Peter Shumlin, a Democrat, said.

Among the challenges states are encountering are the technological requirements to allow buyers to search for insurers, rates and benefits on the exchanges. Others are training state employees to administer the program and marketing it to millions of Americans, all during a time of strained state budgets. Marketing employees were often among the first to lose their jobs.

Despite the headaches, the alternative to the status quo is far worse, Maryland Gov. Martin O'Malley said.

"Nothing could be more complicated than doing what we were doing before, which was to throw away more and more money on more expensive care for worse results," said O'Malley, a Democrat also mulling a 2016 White House run.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-08-03-US-Governors-Health-Care/id-27c2488abbc14ee280112bbcf038eba8

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