Wednesday, July 31, 2013

Murder Illustrated



Murder Illustrated

ABC News Live Coverage of The Assassination of President John Kennedy Part 41


From Friday November 22nd 1963 ABC News covers the death of John Fitzgerald Kennedy.
Video Rating: 0 / 5



ABC News Live Coverage of The Assassination of President John Kennedy Part 41

Check Out The Document That Created NASA

The National Aeronautics and Space Act of 1958 started it all. Happy birfday, NASA!


This document is the National Aeronautics and Space Act of 1958, which created NASA. It was signed into law by President Eisenhower 55 years ago yesterday. The document outlines NASA’s policies, guidelines, objectives, and more. Their objectives, as described in 1958, are as follows:

(1) The expansion of human knowledge of the Earth and of phenomena in the atmosphere and space.


(2) The improvement of the usefulness, performance, speed, safety, and efficiency of aeronautical and space vehicles.


(3) The development and operation of vehicles capable of carrying instruments, equipment, supplies, and living organisms through space.


(4) The establishment of long-range studies of the potential benefits to be gained from, the opportunities for, and the problems involved in the utilization of aeronautical and space activities for peaceful and scientific purposes.


(5) The preservation of the role of the United States as a leader in aeronautical and space science and technology and in the application thereof to the conduct of peaceful activities within and outside the atmosphere.


(6) The making available to agencies directly concerned with national defense of discoveries that have military value or significance, and the furnishing by such agencies, to the civilian agency established to direct and control nonmilitary aeronautical and space activities, of information as to discoveries which have value or significance to that agency.


(7) Cooperation by the United States with other nations and groups of nations in work done pursuant to this chapter and in the peaceful application of the results thereof.


(8) The most effective utilization of the scientific and engineering resources of the United States, with close cooperation among all interested agencies of the United States in order to avoid unnecessary duplication of effort, facilities, and equipment.


(9) The preservation of the United States preeminent position in aeronautics and space through research and technology development related to associated manufacturing processes.


How do you think they did? Read the full text of the document here, and check out what they’ve been up to of late.


Happy belated, NASA.




Popular Science – New Technology, Science News, The Future Now



Check Out The Document That Created NASA

Cambodian opposition raises the stakes by claiming election win

PHNOM PENH (Reuters) – Cambodia’s main opposition party said on Wednesday it had won the weekend’s general election, stepping up its battle with the party of authoritarian Prime Minister Hun Sen that has also claimed victory and rejected allegations of electoral fraud.



Reuters: Top News



Cambodian opposition raises the stakes by claiming election win

Alex Jones Show: Tuesday (7-30-13) Syrian Girl



On this Tuesday, July 30 transmission of the Alex Jones Show, Alex welcomes back Syrian Girl who exposes how the Obama-backed Free Syrian Army is actually su…
Video Rating: 4 / 5



Alex Jones Show: Tuesday (7-30-13) Syrian Girl

U.S. economy likely lost step in second quarter; expected to regain pace


The U.S. flag waves in the breeze above one of the entrances to the New York Stock Exchange, November 19, 2012. REUTERS/Chip East

The U.S. flag waves in the breeze above one of the entrances to the New York Stock Exchange, November 19, 2012.


Credit: Reuters/Chip East






WASHINGTON | Wed Jul 31, 2013 2:28am EDT



WASHINGTON (Reuters) – U.S. economic growth likely slowed sharply in the second quarter, but it is poised to regain momentum as the burden brought on by belt-tightening in Washington eases.


Gross domestic product probably grew at a 1.0 percent annual rate, a step back from the first-quarter’s 1.8 percent pace, according to a Reuters survey of economists. Some said growth could be even weaker, with forecasts ranging as low as 0.4 percent.


Tighter fiscal policy, a slow pace of inventory accumulation and sluggish global demand, which has dampened exports, are seen as having hobbled the economy in the April-June period.


“The economy only had a couple of legs to stand on, consumers and housing, but conditions are falling into place for a stronger second half of the year,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester Pennsylvania.


The Commerce Department will release the second-quarter GDP report at 8:30 a.m. EDT on Wednesday.


If economists’ forecasts are proved right, it would mark a third straight quarter of GDP growth below 2 percent, a pace that normally would be too soft to bring down unemployment.


But given the backward-looking nature of the GDP report, it is not likely to have any impact on monetary policy.


Federal Reserve officials, wrestling with a decision on the future of their $ 85 billion per month bond-buying program, will probably nod to the second quarter’s weakness when they wind-up a two-day meeting on Wednesday. But they are also expected to chalk up much of the weakness to temporary factors, such as the drag from fiscal policy and a smaller build-up of business inventories.


Fed Chairman Ben Bernanke said last month that the central bank was likely to start curtailing the bond purchases later this year and would probably bring them to a complete halt by the middle of 2014, if the economy progressed as expected.


“Even with a relatively soft GDP number, the Fed still appears confident in their outlook and the prospects of the labor market going forward,” said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina. “It looks like they are positioned to make their announcement, come late this year.”


SILVER LINING IN REVISIONS?


While U.S. financial markets have already priced in a weak second-quarter GDP reading, comprehensive revisions to the data might present a silver lining for the economy.


The government has implemented some changes in how it calculates GDP. For example, research and development spending will now be treated as investment, and defined benefit pension plans will be measured on an accrual basis, rather than as cash.


Economists say these changes will not only reveal a bigger economy and a higher rate of saving, but they could lead to an upward revision of 2012 growth as well.


“There’s a distinct possibility that real GDP growth over the past four quarters will be upgraded,” said Maury Harris, chief economist at UBS in New York.


“In addition, history suggests that the originally published personal saving rate will be revised up, which would calm some concerns about under-saving consumers holding back their upcoming expenditures.”


Economists said the revisions would probably narrow the gap between a relatively strong pace of job gains and weak growth, a misalignment they said the Fed was monitoring.


Higher taxes, as Washington tries to shrink the government’s budget deficit, likely constrained consumer spending in the second quarter, keeping the economy on an anemic growth pace.


Consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to have slowed to a less than 2 percent pace after rising at a 2.6 percent rate in the first quarter.


That could bring the contribution from consumer spending far below the 1.8 percentage points it added in the first quarter.


With domestic demand tepid, businesses likely tried to keep their inventories from bulging. Inventory accumulation is expected to have made only a modest contribution to growth.


Other details of the report are expected to show exports weighed on the economy as demand weakened in Europe and China. Trade is expected to have subtracted more than half-a-percentage point from GDP growth in the second quarter.


Good news is expected from the housing sector, with double-digit growth forecast for spending on residential construction. Housing, which triggered the 2007-09 recession, is growing strongly, helping to keep the economic recovery anchored.


Business spending on equipment and software likely continued a steady march upward, with investment in nonresidential structures rebounding from a decline in the first quarter.


Government spending, however, is expected to have contracted for a third straight quarter, largely because of the across-the-board spending cuts in Washington.


(Reporting by Lucia Mutikani; Editing by Dan Grebler)





Reuters: Most Read Articles



U.S. economy likely lost step in second quarter; expected to regain pace

Dozens of Movie Superhits Blended Into One Mega-Epic Trailer


What’s This?



We’ve seen our share of epic trailers — especially with all the superhero megahits that came out in recent years — but this one, called ETERNA, beats them all.


Directed by Vadzim Khudabets, ETERNA is not really a trailer for a particular movie, it’s a montage of key moments from dozens of movies ranging from “300″ to “Thor” to “Batman Begins”.


Yes, all of that lumped together doesn’t make too much sense story-wise, but it’s a 6-minute-long visual feast, accompanied by an equally epic soundtrack. Simply put: if you like things exploding and muscular guys waving with weapons, this is is a must-see.



You can find the full list of movies used in the trailer here, and let us know how you like it in the comments!


Image: Vimeo/Behind The Epic


Topics: Entertainment, ETERNA, Film, trailers



Mashable



Dozens of Movie Superhits Blended Into One Mega-Epic Trailer

A Boeing Exec On How Jet Fuel Will Become Sustainable


Billy Glover explains how petroleum-based aviation fuel could disappear



Billy Glover

Billy Glover Todd Detwiler



The Change


Aviation has always run on petroleum. In fact, jet fuel had been the same from the dawn of the jet age up until about three years ago. Then the airline industry changed international jet-fuel specifications to allow the use of renewable fuel sources. Airlines can now use renewables alongside jet fuel in a 50 percent blend. Already, as an industry, we’ve flown 1,500 flights with passengers—real revenue flights—with sustainable biofuels.


The Fuels


With our current biofuels mix, we typically get an improvement in efficiency of 1 to 3 percent. We can design out some of the impurities that come in petroleum, and we can control properties like freeze point. For very-long-haul flights at high altitude across the polar caps, you might like a fuel that doesn’t freeze when you’re flying at 35,000 feet. We can actually design in those properties.


The Future


We’re just at the beginning with biofuels. At Boeing, we’re convinced that they could significantly reduce the carbon life-cycle footprint—that’s been demonstrated. We think there’s even possibilities that they can reduce it all the way to zero or, in some cases, push it negative. And it can be 100 percent of the fuel, as opposed to 50 percent now—there’s no impediment to making it entirely from renewables.


Billy Glover is the vice president for global business development and policy at Boeing.


This article originally appeared in the July 2013 issue of Popular Science. See the rest of the magazine here.




Popular Science – New Technology, Science News, The Future Now



A Boeing Exec On How Jet Fuel Will Become Sustainable

US pursuit of leakers aided by Manning verdict







Army Pfc. Bradley Manning is escorted out of a courthouse in Fort Meade, Md., Tuesday, July 30, 2013, after receiving a verdict in his court martial. Manning was acquitted of aiding the enemy, the most serious charge he faced, but was convicted of espionage, theft and other charges, more than three years after he spilled secrets to WikiLeaks. (AP Photo/Patrick Semansky)





Army Pfc. Bradley Manning is escorted out of a courthouse in Fort Meade, Md., Tuesday, July 30, 2013, after receiving a verdict in his court martial. Manning was acquitted of aiding the enemy, the most serious charge he faced, but was convicted of espionage, theft and other charges, more than three years after he spilled secrets to WikiLeaks. (AP Photo/Patrick Semansky)













Buy AP Photo Reprints







WASHINGTON (AP) — The successful prosecution of Army Pfc. Bradley Manning gives a boost to the Obama administration’s aggressive pursuit of people it believes have leaked national security secrets to the media.


Manning was acquitted Tuesday of the most serious charge he faced, aiding the enemy, but he was found guilty by a military judge of enough charges to send him to prison for many years, and perhaps the rest of his life.


Legal scholars said they expect the government’s case against National Security Agency leaker Edward Snowden to be similar to the Manning prosecution, although it would take place in a federal trial court, not a military court-martial.


“I don’t think Edward Snowden is doing a jig in his airport lounge in Russia,” said Elizabeth Goiten, co-director of the liberty and national security program at New York University’s Brennan Center for Justice.


Prosecutors were able to convince Army Col. Denise Lind that the reams of documents Manning gave to WikiLeaks constituted violations of the Espionage Act, despite the arguments of Manning’s lawyers that he chose to hand over information that he believed would not harm the United States.


Goiten said Lind determined that Manning’s intent was irrelevant, although his motives come into play when the judge considers his sentence.


“He could be convicted even if he had the purest of motives,” Goiten said. “What that says is that the Espionage Act will not distinguish between traitors and whistle-blowers.”


Before Lind announced her verdict, Manning supporters and advocates of press freedoms worried that a conviction for aiding the enemy would have a chilling effect on leakers who want to expose government wrongdoing because the charge carries the potential for the death penalty. Manning’s prosecutors said they were seeking life in prison for the Army private, not death.


But in the end, Manning’s convictions under the Espionage Act and the prospect of many years behind bars could have much the same effect.


Charles “Cully” Stimson, manager of the national security law program at the Heritage Foundation in Washington, said the verdict appropriately reinforced the potential cost to those who want to expose government secrets.


“I think what this sends loud and clear to anyone like Snowden or anyone contemplating being the next Snowden is, if you have given over documents, unauthorized, to anyone, you’re looking at serious time in jail,” said Stimson, a former Bush administration defense official who still serves as a military judge.


The Obama administration has pursued unauthorized disclosures of secret information much more aggressively than any of its predecessors. It has pressed charges under the Espionage Act in seven criminal cases.


In addition, a federal appeals court ruled on July 19 that New York Times reporter James Risen cannot shield his source when he testifies at the trial of former CIA officer Jeffrey Sterling, who is charged with leaking information about a secret CIA operation.


The court ruling combined with Manning’s conviction will make people think twice before talking to reporters, Boston College law professor Mary-Rose Papandrea said. “It sends a really strong message to would-be leakers that they are facing the potential of prosecution,” Papandrea said.


Like Manning, Snowden has acknowledged leaking classified information. The former NSA systems analyst provided information showing that the agency has gathered millions of telephone and Internet records to ferret out terror plots.


The Justice Department is not discussing how it would prosecute Snowden, who is holed up at a Moscow airport, although Attorney General Eric Holder has said the U.S. had no plans to seek the death penalty against him. It is unknown at this point whether the administration will get Snowden to return to the U.S., either voluntarily or through extradition. But if that happens, “at the end of the day, the charges are going to look very similar” to those against Manning, American University law professor Stephen Vladeck said.


One difference may be greater transparency if Snowden is put on trial in civilian court, where Vladeck said a judge would be less likely to close large portions to the public.


Manning also opted to be tried by a judge instead of a jury. Except in death penalty cases, military juries do not have to be unanimous.


Jurors in civilian criminal trials must all agree in order to reach a verdict.


Stimson said Snowden may benefit from “a little more sympathy for a civilian disgorging himself of information he believes the public needs to know, than a military person.”


Associated Press




Politics Headlines



US pursuit of leakers aided by Manning verdict

Honda first-quarter profit lower than expected, cautious on emerging markets


Visitors look at a Honda Motor Co

Visitors look at a Honda Motor Co’s car displayed outside the company showroom in Tokyo April 26, 2013.


Credit: Reuters/Yuya Shino






TOKYO | Wed Jul 31, 2013 4:11am EDT



TOKYO (Reuters) – Honda Motor Co (7267.T) announced a lower than expected 5.1 percent rise in quarterly operating profit after sales in Japan dropped following the end of subsidies and as it lagged behind rivals in selling profitable SUVs and pickups in the U.S.


Japan’s third-biggest automaker saw strong April-June sales in Asia, including its fourth biggest market Thailand, but Executive Vice President Tetsuo Iwamura sounded a note of caution about unexpected swings in emerging markets.


Honda posted an operating profit of 185.0 billion yen ($ 1.9 billion) for its April-June first quarter, compared with 176.01 billion yen a year earlier.


The result was below the average estimate of 209.3 billion yen in a Thomson Reuters I/B/E/S poll of four analysts.


For its fiscal year ending in March 2014, Honda stuck to its forecast for 780 billion yen, lower than 840.0 billion yen, the mean of estimates by 21 analysts.


Honda, the fifth biggest carmaker in the United States, sold 745,578 vehicles there in the first half of the year, up 6 percent from the same period a year ago, helped by strong sales of the popular Accord sedan.


The United States is Honda’s biggest market, accounting for about 40 percent of Honda’s global vehicle sales. Its market share shrunk 0.1 percentage point during the same period to 9.5 percent.


“Pickups and SUVs are growing in the U.S. market, helping the Detroit-based carmakers… Our light-truck supply was relatively low, but we are introducing a new model,” Iwamura told reporters, referring to the MDX, a SUV by Honda’s luxury brand Acura.


Shares in Honda have soared nearly 60 percent since mid-November, when expectations were growing that Shinzo Abe would take over as prime minister to implement his bold economic policies and help weaken the yen.


CAUTIOUS ON EMERGING MARKETS


Sales in Japan, Honda’s second biggest market, dropped by 24 percent in the first quarter to 140,000 vehicles after government subsidies for green cars ended late last year.


Honda, which has set an aggressive goal to expand global annual sales to 6 million vehicles by March 2017 from the current 4 million, is facing expansion costs as it is building multiple new plants or expanding capacity at existing factories.


Its capital expenditure spending in the first quarter jumped 78.6 percent year-on-year to 171 billion yen.


Honda’s new Yorii plant in Japan has started to operate earlier this month, while its new plant in Mexico is set to start operations in 2014. It is also planning new plants or expansions in multiple countries including Thailand and China.


“At times we see various big unexpected moves in emerging markets so we are cautious. But automobile and motorbike demand will certainly grow there so we will continue to build foundations for success,” Iwamura said.


Honda saw Thai April-June sales jump nearly 30 percent from a year ago to around 59,000 vehicles as it still has some 100,000 orders from before end-2012 when the government still offered subsidies for first-time car buyers.


While sales in Southeast Asia’s biggest car market have been dropping in the recent months and Honda expects some cancellations of the existing orders, Iwamura said the company aims to retain demand by introducing new models.


Japan’s biggest automaker Toyota Motor Corp (7203.T) is set to release its April-June earnings results on Friday. Last week, Japan’s second biggest carmaker Nissan Motor Co (7201.T) booked 108.1 billion yen in quarterly operating profit, up 23 percent from a year ago.


(Editing by Jeremy Laurence)





Reuters: Business News



Honda first-quarter profit lower than expected, cautious on emerging markets

US economic growth likely weakened in 2nd quarter



WASHINGTON (AP) — A report Wednesday is expected to show the U.S. economy barely grew from April through June. But economists are hopeful that the weak second quarter is a temporary lull that gives way to stronger growth in the second half of the year.


Higher tax increases and steep government spending cuts probably did their worst damage to the economy in the second quarter. As their impact fades, solid job gains, more business spending and a steady recovery in housing should help accelerate growth.


Economists forecast that growth slowed in the April-June quarter to a seasonally adjusted annual rate of just 1 percent, according to a survey by FactSet. That’s below the sluggish pace of 1.8 percent in the January-March quarter.


The Commerce Department will release the first estimate of gross domestic product, or GDP, for the second quarter at 8:30 a.m. EDT Wednesday. GDP is the broadest measure of the output of goods and services, including everything from manicures to industrial machinery.


Most economists say growth is already starting to pick up. And many are predicting annual growth rates of between 2 percent and 3 percent in the third and fourth quarters.


There are threats to the better outlook. Unemployment is still high at 7.6 percent, limiting consumer spending. And budget fights in Washington could lead to a government shutdown this fall, potentially disrupting the economy.


Still, recent data have been encouraging.


“More and more of the economic tea leaves are pointing in the same direction: toward a growth revival ahead,” Scott Anderson, chief economist at the Bank of the West, said.


Home construction, sales and prices have been growing since early last year. Americans purchased newly built homes in June at the fastest pace in five years. That’s raised builder confidence to a seven-year high, which should lead to increases in construction and more jobs.


Overall hiring has accelerated this year. Employers have added an average of 202,000 jobs a month from January through June. That’s up from 180,000 in the previous six months.


Better hiring has started to boost inflation-adjusted incomes after several years of stagnant wages. Joe Carson, chief U.S. economist at AllianceBernstein, a mutual fund company, calculates that average hourly pay rose at a 3.1 percent annual rate in the second quarter, the fastest pace since the fourth quarter of 2008. That was comfortably ahead of inflation, at just 1 percent.


And business spending has started to increase. Companies have ordered more industrial machinery and other equipment for four months in a row. As those orders are filled, factory production should increase.


Manufacturing is also benefiting from strong auto sales. They topped 7.8 million in the first six months of 2013, the best first-half total since 2007. Analysts expect sales will stay strong for the rest of the year.


Carson notes that housing and autos were the primary sources of growth in the second quarter. Both have benefited from the Federal Reserve’s low interest-rate policies. Those sectors usually rebound early in recoveries. But after the Great Recession ended in June 2009, they were held back by tight credit and cash-strapped consumers.


“It’s almost like a traditional recovery is just starting, even though we’re in the fifth year,” Carson said.


Federal Reserve officials have forecast better growth in the second half of the year. And Fed Chairman Ben Bernanke has said that the central bank could begin to scale back its bond purchases later this year if the economy strengthens. But Fed officials typically put greater weight on employment and inflation data than the GDP figures.


The Fed concludes a two-day policy meeting on Wednesday, at which point it could clarify its interest-rate policies.


Most economists blame tax increases and government spending cuts for the sluggish second quarter. Higher taxes slowed consumer spending. And government cuts subtracted nearly a full percentage point from growth at the start of the year.


Even so, the solid pace of hiring suggests the economy is doing better than the growth figures show. Tax receipts have been stronger. Faster growth in the second half of the year would help close those gaps.


The government is also expected to release comprehensive revisions on Wednesday. Roughly every five years, the department incorporates more recent data and adjusts how it calculates GDP.


The revisions will likely show growth was faster in the first quarter and last year than previously estimated, economist say. Michelle Meyer, an economist at Bank of America Merrill Lynch, estimates the revisions could add up to a half-point to last year’s 2.2 percent growth rate.


The revisions will also alter GDP data all the way back to 1929. In one major change, the government plans to count spending on research and development as investment, rather than as a regular cost of doing business. That, along with other changes, will boost the level of GDP in 2007 by about 3 percent, or $ 450 billion. It isn’t likely to significantly change the pace of growth in recent years.


Associated Press




Top Headlines



US economic growth likely weakened in 2nd quarter

Civilian Casualties in Afghanistan Rise 23 Percent


KABUL, Afghanistan — The number of civilians killed or injured in Afghanistan rose by nearly a quarter in the first six months of 2013, according to a United Nations report on civilian casualties, reversing a decline last year that many hoped would signal an easing in the war’s toll on ordinary Afghans.




The Taliban continued to cause the vast majority of those casualties, with the factors driving the 23 percent increase including the indiscriminate use of roadside bombs and suicide attacks in major population centers, according to the report, released on Wednesday.


From January to June, the number of civilians killed in war-related violence rose to 1,319 from 1,158 a year earlier. In the same period, 2,533 civilians were injured, compared with 1,976 in 2012. For deaths, 2011 remains the worst year for Afghan civilians, with 1,575 killed in the first half of that year.


As Afghan forces have taken the lead in fighting this year, the insurgency has hit them hard, seeking to undermine confidence in Afghan government institutions as the coalition forces prepare to withdraw. That effort has included a focus on complex attacks in major cities like Kabul, where Afghans often find themselves in harm’s way, as well as other measures that have been felt mostly by civilians.


The shifting political and security situation has also led to increased ground fighting between the Afghan forces and insurgents, as the international troops shut down bases and reduce their footprint across the country. Fighting between the two groups over the abandoned swaths of the country was the second biggest cause of civilian deaths and injuries.


Antigovernment forces using improvised explosive devices accounted for more than a third of the civilian casualties in the first half of 2013. Women and children, in particular, suffered. Ground battles were the leading contributor to a 60 percent jump in casualties among women, while improvised explosive devices largely caused a 30 percent increase in injuries and deaths of children.


A Taliban spokesman, Zabiullah Mujahid, would not comment on the report, saying the insurgents have formed a commission to review it. But there is little doubt the numbers will put greater pressure on the Taliban, from communities and its own ranks, to reduce the carnage among civilians.


In the last several months, the Taliban have condemned attacks that killed civilians, blaming the Afghan and coalition troops for using excessive force. In May, the group denied responsibility for — and condemned — an attack in Jalalabad on the International Committee of the Red Cross, an organization it sees as impartial.


Since the Afghans will continue to take a greater role in security operations, the United Nations expressed concern about “the absence of functioning oversight and accountability mechanisms.” When confronted with evidence of civilian casualties, the report said, the Afghan National Security Forces responded “that they did not know about the incident, or that the incident did not happen, or that the incident occurred but A.N.S.F. were not responsible.”


In part, the difficulty of assigning blame for civilian casualties in ground battles is proving who pulled the trigger. But the Taliban do not often engage in sustained gunfights with Afghan forces, given the greater numbers of those forces and their coalition allies.


Instead, bombs and targeted killings remain favored means to strike fear into civilians and Afghan fighters. In the last six months, the Taliban and others conducted more targeted killings than in the past, focusing on civilians they believe are aiding the government.


That tactic, the report said, reflects an awareness among the insurgents that government forces are growing stronger, requiring them to take more drastic measures to terrorize the population.


“The deliberate targeting of civilians appears to stem from a limited capacity of antigovernment elements to effectively engage security forces and gain tactical ground using lawful combat tactics,” the report said.




NYT > Global Home



Civilian Casualties in Afghanistan Rise 23 Percent

U.S. economy likely lost step in second quarter; expected to regain pace


The U.S. flag waves in the breeze above one of the entrances to the New York Stock Exchange, November 19, 2012. REUTERS/Chip East

The U.S. flag waves in the breeze above one of the entrances to the New York Stock Exchange, November 19, 2012.


Credit: Reuters/Chip East






WASHINGTON | Wed Jul 31, 2013 1:08am EDT



WASHINGTON (Reuters) – U.S. economic growth likely slowed sharply in the second quarter, but it is poised to regain momentum as the burden brought on by belt-tightening in Washington eases.


Gross domestic product probably grew at a 1.0 percent annual rate, a step back from the first-quarter’s 1.8 percent pace, according to a Reuters survey of economists. Some said growth could be even weaker, with forecasts ranging as low as 0.4 percent.


Tighter fiscal policy, a slow pace of inventory accumulation and sluggish global demand, which has dampened exports, are seen as having hobbled the economy in the April-June period.


“The economy only had a couple of legs to stand on, consumers and housing, but conditions are falling into place for a stronger second half of the year,” said Ryan Sweet, a senior economist at Moody’s Analytics in West Chester Pennsylvania.


The Commerce Department will release the second-quarter GDP report at 8:30 a.m. EDT on Wednesday.


If economists’ forecasts are proved right, it would mark a third straight quarter of GDP growth below 2 percent, a pace that normally would be too soft to bring down unemployment.


But given the backward-looking nature of the GDP report, it is not likely to have any impact on monetary policy.


Federal Reserve officials, wrestling with a decision on the future of their $ 85 billion per month bond-buying program, will probably nod to the second quarter’s weakness when they wind-up a two-day meeting on Wednesday. But they are also expected to chalk up much of the weakness to temporary factors, such as the drag from fiscal policy and a smaller build-up of business inventories.


Fed Chairman Ben Bernanke said last month that the central bank was likely to start curtailing the bond purchases later this year and would probably bring them to a complete halt by the middle of 2014, if the economy progressed as expected.


“Even with a relatively soft GDP number, the Fed still appears confident in their outlook and the prospects of the labor market going forward,” said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina. “It looks like they are positioned to make their announcement, come late this year.”


SILVER LINING IN REVISIONS?


While U.S. financial markets have already priced in a weak second-quarter GDP reading, comprehensive revisions to the data might present a silver lining for the economy.


The government has implemented some changes in how it calculates GDP. For example, research and development spending will now be treated as investment, and defined benefit pension plans will be measured on an accrual basis, rather than as cash.


Economists say these changes will not only reveal a bigger economy and a higher rate of saving, but they could lead to an upward revision of 2012 growth as well.


“There’s a distinct possibility that real GDP growth over the past four quarters will be upgraded,” said Maury Harris, chief economist at UBS in New York.


“In addition, history suggests that the originally published personal saving rate will be revised up, which would calm some concerns about under-saving consumers holding back their upcoming expenditures.”


Economists said the revisions would probably narrow the gap between a relatively strong pace of job gains and weak growth, a misalignment they said the Fed was monitoring.


Higher taxes, as Washington tries to shrink the government’s budget deficit, likely constrained consumer spending in the second quarter, keeping the economy on an anemic growth pace.


Consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to have slowed to a less than 2 percent pace after rising at a 2.6 percent rate in the first quarter.


That could bring the contribution from consumer spending far below the 1.8 percentage points it added in the first quarter.


With domestic demand tepid, businesses likely tried to keep their inventories from bulging. Inventory accumulation is expected to have made only a modest contribution to growth.


Other details of the report are expected to show exports weighed on the economy as demand weakened in Europe and China. Trade is expected to have subtracted more than half-a-percentage point from GDP growth in the second quarter.


Good news is expected from the housing sector, with double-digit growth forecast for spending on residential construction. Housing, which triggered the 2007-09 recession, is growing strongly, helping to keep the economic recovery anchored.


Business spending on equipment and software likely continued a steady march upward, with investment in nonresidential structures rebounding from a decline in the first quarter.


Government spending, however, is expected to have contracted for a third straight quarter, largely because of the across-the-board spending cuts in Washington.


(Reporting by Lucia Mutikani; Editing by Dan Grebler)





Reuters: Top News



U.S. economy likely lost step in second quarter; expected to regain pace

"Am I dead?" Driver in crash asks




A motorist walked free of a horrific car crash (not pictured) and asked police


A motorist walked free of a horrific car crash (not pictured) and asked police “Am I dead?” Picture: Bill Hearne Source: News Limited




A MOTORIST, high on drugs and drunk, thought he was dead after he ploughed into three pedestrians, hit a fire hydrant and smashined into a flower stand.



Shaun Martin, 32, of Queens, New York, allegedly asked police “Am I dead?”, the New York Post reported.


“Was I driving?” Martin allegedly told police officers at the crash in New York on June 19, court papers showed.


Manhattan Supreme Court heard that Martin was high on PCP and methylamphetamine when he careered across three lanes and hit a fire hydrant, 300-pound muni meter, 25-foot Gingko Tree, a light pole, a Citi Bike and three bystanders.


Martin was allegedly more concerned about his mother than the victims.


“Don’t call my mother, she’s going to be upset,” he said after his arrest.


A deli worker was the most seriously injured with broken bones and brain trauma.


Martin was charged with vehicular assault, DUI and criminal possession.


“This defendant is charged with seriously injuring pedestrians and destroying thousands of dollars’ worth of property due to his extraordinarily reckless behaviour,” said District Attorney Cy Vance.


For more stories at the New York Post





NEWS.com.au | The Other Side



"Am I dead?" Driver in crash asks

Zawahri vows al Qaeda to free Guantanamo inmates

DUBAI (Reuters) – Al Qaeda leader Ayman al-Zawahri slammed U.S. treatment of hunger striking inmates at Guantanamo Bay and said the group would spare no effort to free them, according to an audio recording posted on the Internet on Wednesday.


Reuters: Top News



Zawahri vows al Qaeda to free Guantanamo inmates

Bradley Manning-WikiLeaks case turns to sentencing







Army Pfc. Bradley Manning is escorted out of a courthouse in Fort Meade, Md., Tuesday, July 30, 2013, after receiving a verdict in his court martial. Manning was acquitted of aiding the enemy — the most serious charge he faced — but was convicted of espionage, theft and other charges, more than three years after he spilled secrets to WikiLeaks. (AP Photo/Patrick Semansky)





Army Pfc. Bradley Manning is escorted out of a courthouse in Fort Meade, Md., Tuesday, July 30, 2013, after receiving a verdict in his court martial. Manning was acquitted of aiding the enemy — the most serious charge he faced — but was convicted of espionage, theft and other charges, more than three years after he spilled secrets to WikiLeaks. (AP Photo/Patrick Semansky)





FILE – In this July 26, 2013 photo, Zach Callahan, right, and supporters of U.S. Army Pfc. Bradley Manning, march outside Fort Lesley J. McNair, in Washington. Few Americans in living memory have emerged from obscurity to become such polarizing public figures _ admired by many around the world, fiercely denigrated by many in his homeland. (AP Photo/Manuel Balce Ceneta, File)





FILE – In this Jan. 18, 2011 file photo, unidentified Occupy London protesters demonstrate outside the High Court following news that the City of London Corporation has won its legal bid to evict anti-capitalist protesters from outside St Paul’s Cathedral, in London. Few Americans in living memory have emerged from obscurity to become such polarizing public figures _ admired by many around the world, fiercely denigrated by many in his homeland. (AP Photo/Lefteris Pitarakis, File)





In this July 30, 2013 photo, Army Pfc. Bradley Manning is escorted out of a courthouse in Fort Meade, Md. Few Americans in living memory have emerged from obscurity to become such polarizing public figures _ admired by many around the world, fiercely denigrated by many in his homeland. (AP Photo/Patrick Semansky)













Buy AP Photo Reprints







(AP) — Acquitted of the most serious charge against him, Army Pfc. Bradley Manning still faces up to 136 years in prison for leaking government secrets to the website WikiLeaks, and his fate rests with a judge who will begin hearing arguments Wednesday in the sentencing phase of the soldier’s court-martial.


The former intelligence analyst was convicted of 20 of 22 charges for sending hundreds of thousands of government and diplomatic secrets to WikiLeaks, but he was found not guilty of aiding the enemy, which alone could have meant life in prison without parole.


“We’re not celebrating,” defense attorney David Coombs said. “Ultimately, his sentence is all that really matters.”


The judge prohibited both sides from presenting evidence during trial about any actual damage the leaks caused to national security and troops in Afghanistan and Iraq, but lawyers will be allowed to bring that up at sentencing.


The release of diplomatic cables, warzone logs and videos embarrassed the U.S. and its allies. U.S. officials warned of dire consequences in the days immediately after the first disclosures in July 2010, but a Pentagon review later suggested those fears might have been overblown.


The judge also restricted evidence about Manning’s motives. Manning testified during a pre-trial hearing he leaked the material to expose U.S military “bloodlust” and diplomatic deceitfulness, but did not believe his actions would harm the country. He didn’t testify during the trial, but he could take the stand during the sentencing phase.


Lisa Windsor, a retired Army colonel and former judge advocate, said the punishment phase would focus on Manning’s motive and the harm that was done by the leak.


“You’re balancing that to determine what would be an appropriate sentence. I think it’s likely that he’s going to be in jail for a very long time,” said Windsor, now in private practice in Washington.


The judge, Army Col. Denise Lind, deliberated three days before reaching her verdict in a case involving the largest leak of documents in U.S. history. The case drew worldwide attention as supporters hailed Manning as a whistleblower and the U.S. government called him an anarchist computer hacker and attention-seeking traitor.


The verdict denied the government a precedent that freedom of press advocates had warned could have broad implications for leak cases and investigative journalism about national security issues.


Whistleblower advocates and legal experts had mixed opinions on the implications for the future of leak cases in the Internet age.


The advocacy group Reporters Without Borders said the verdict was a chilling warning to whistleblowers, “against whom the Obama administration has been waging an unprecedented offensive,” and threatens the future of investigative journalism because intimidated sources might fall quiet.


However, another advocate of less government secrecy, Steven Aftergood of the Federation of American Scientists, questioned whether the implications will be so dire, given the extraordinary nature of the Manning case.


“This was a massive hemorrhage of government records, and it’s not too surprising that it elicited a strong reaction from the government,” Aftergood said.


“Most journalists are not in the business of publishing classified documents, they’re in the business of reporting the news, which is not the same thing,” he said. “This is not good news for journalism, but it’s not the end of the world, either.”


Glenn Greenwald, the journalist, commentator and former civil rights lawyer who first reported Edward Snowden’s leaks of National Security Agency surveillance programs, said Manning’s acquittal on the charge of aiding the enemy represented a “tiny sliver of justice.”


But WikiLeaks founder Julian Assange, whose website exposed Manning’s spilled U.S. secrets to the world, saw nothing to cheer in the mixed verdict.


“It is a dangerous precedent and an example of national security extremism,” he told reporters at the Ecuadorean Embassy in London, which is sheltering him. “This has never been a fair trial.”


Federal authorities are looking into whether Assange can be prosecuted. He has been holed up in the Ecuadorean Embassy in London to avoid extradition to Sweden on sex-crimes allegations.


The material WikiLeaks began publishing in 2010 documented complaints of abuses against Iraqi detainees, a U.S. tally of civilian deaths in Iraq, and America’s weak support for the government of Tunisia — a disclosure Manning supporters said helped trigger the Middle Eastern pro-democracy uprisings known as the Arab Spring.


To prove aiding the enemy, prosecutors had to show Manning had “actual knowledge” the material he leaked would be seen by al-Qaida and that he had “general evil intent.” They presented evidence the material fell into the hands of the terrorist group and its former leader, Osama bin Laden, but struggled to prove their assertion that Manning was an anarchist computer hacker and attention-seeking traitor.


Associated Press




U.S. Headlines



Bradley Manning-WikiLeaks case turns to sentencing

Bradley Manning-WikiLeaks case turns to sentencing







Army Pfc. Bradley Manning is escorted out of a courthouse in Fort Meade, Md., Tuesday, July 30, 2013, after receiving a verdict in his court martial. Manning was acquitted of aiding the enemy — the most serious charge he faced — but was convicted of espionage, theft and other charges, more than three years after he spilled secrets to WikiLeaks. (AP Photo/Patrick Semansky)





Army Pfc. Bradley Manning is escorted out of a courthouse in Fort Meade, Md., Tuesday, July 30, 2013, after receiving a verdict in his court martial. Manning was acquitted of aiding the enemy — the most serious charge he faced — but was convicted of espionage, theft and other charges, more than three years after he spilled secrets to WikiLeaks. (AP Photo/Patrick Semansky)





FILE – In this July 26, 2013 photo, Zach Callahan, right, and supporters of U.S. Army Pfc. Bradley Manning, march outside Fort Lesley J. McNair, in Washington. Few Americans in living memory have emerged from obscurity to become such polarizing public figures _ admired by many around the world, fiercely denigrated by many in his homeland. (AP Photo/Manuel Balce Ceneta, File)





FILE – In this Jan. 18, 2011 file photo, unidentified Occupy London protesters demonstrate outside the High Court following news that the City of London Corporation has won its legal bid to evict anti-capitalist protesters from outside St Paul’s Cathedral, in London. Few Americans in living memory have emerged from obscurity to become such polarizing public figures _ admired by many around the world, fiercely denigrated by many in his homeland. (AP Photo/Lefteris Pitarakis, File)





In this July 30, 2013 photo, Army Pfc. Bradley Manning is escorted out of a courthouse in Fort Meade, Md. Few Americans in living memory have emerged from obscurity to become such polarizing public figures _ admired by many around the world, fiercely denigrated by many in his homeland. (AP Photo/Patrick Semansky)













Buy AP Photo Reprints







(AP) — Acquitted of the most serious charge against him, Army Pfc. Bradley Manning still faces up to 136 years in prison for leaking government secrets to the website WikiLeaks, and his fate rests with a judge who will begin hearing arguments Wednesday in the sentencing phase of the soldier’s court-martial.


The former intelligence analyst was convicted of 20 of 22 charges for sending hundreds of thousands of government and diplomatic secrets to WikiLeaks, but he was found not guilty of aiding the enemy, which alone could have meant life in prison without parole.


“We’re not celebrating,” defense attorney David Coombs said. “Ultimately, his sentence is all that really matters.”


The judge prohibited both sides from presenting evidence during trial about any actual damage the leaks caused to national security and troops in Afghanistan and Iraq, but lawyers will be allowed to bring that up at sentencing.


The release of diplomatic cables, warzone logs and videos embarrassed the U.S. and its allies. U.S. officials warned of dire consequences in the days immediately after the first disclosures in July 2010, but a Pentagon review later suggested those fears might have been overblown.


The judge also restricted evidence about Manning’s motives. Manning testified during a pre-trial hearing he leaked the material to expose U.S military “bloodlust” and diplomatic deceitfulness, but did not believe his actions would harm the country. He didn’t testify during the trial, but he could take the stand during the sentencing phase.


Lisa Windsor, a retired Army colonel and former judge advocate, said the punishment phase would focus on Manning’s motive and the harm that was done by the leak.


“You’re balancing that to determine what would be an appropriate sentence. I think it’s likely that he’s going to be in jail for a very long time,” said Windsor, now in private practice in Washington.


The judge, Army Col. Denise Lind, deliberated three days before reaching her verdict in a case involving the largest leak of documents in U.S. history. The case drew worldwide attention as supporters hailed Manning as a whistleblower and the U.S. government called him an anarchist computer hacker and attention-seeking traitor.


The verdict denied the government a precedent that freedom of press advocates had warned could have broad implications for leak cases and investigative journalism about national security issues.


Whistleblower advocates and legal experts had mixed opinions on the implications for the future of leak cases in the Internet age.


The advocacy group Reporters Without Borders said the verdict was a chilling warning to whistleblowers, “against whom the Obama administration has been waging an unprecedented offensive,” and threatens the future of investigative journalism because intimidated sources might fall quiet.


However, another advocate of less government secrecy, Steven Aftergood of the Federation of American Scientists, questioned whether the implications will be so dire, given the extraordinary nature of the Manning case.


“This was a massive hemorrhage of government records, and it’s not too surprising that it elicited a strong reaction from the government,” Aftergood said.


“Most journalists are not in the business of publishing classified documents, they’re in the business of reporting the news, which is not the same thing,” he said. “This is not good news for journalism, but it’s not the end of the world, either.”


Glenn Greenwald, the journalist, commentator and former civil rights lawyer who first reported Edward Snowden’s leaks of National Security Agency surveillance programs, said Manning’s acquittal on the charge of aiding the enemy represented a “tiny sliver of justice.”


But WikiLeaks founder Julian Assange, whose website exposed Manning’s spilled U.S. secrets to the world, saw nothing to cheer in the mixed verdict.


“It is a dangerous precedent and an example of national security extremism,” he told reporters at the Ecuadorean Embassy in London, which is sheltering him. “This has never been a fair trial.”


Federal authorities are looking into whether Assange can be prosecuted. He has been holed up in the Ecuadorean Embassy in London to avoid extradition to Sweden on sex-crimes allegations.


The material WikiLeaks began publishing in 2010 documented complaints of abuses against Iraqi detainees, a U.S. tally of civilian deaths in Iraq, and America’s weak support for the government of Tunisia — a disclosure Manning supporters said helped trigger the Middle Eastern pro-democracy uprisings known as the Arab Spring.


To prove aiding the enemy, prosecutors had to show Manning had “actual knowledge” the material he leaked would be seen by al-Qaida and that he had “general evil intent.” They presented evidence the material fell into the hands of the terrorist group and its former leader, Osama bin Laden, but struggled to prove their assertion that Manning was an anarchist computer hacker and attention-seeking traitor.


Associated Press




U.S. Headlines



Bradley Manning-WikiLeaks case turns to sentencing