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Showing posts with label Hold. Show all posts

Wednesday, March 19, 2014

Protein May Hold Key to Who Gets Alzheimer’s, Study Finds

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It is one of the big scientific mysteries of Alzheimer’s disease: Why do some people whose brains accumulate the plaques and tangles so strongly associated with Alzheimer’s not develop the disease?


Now, a series of studies by Harvard scientists suggests a possible answer, one that could lead to new treatments if confirmed by other research.


The memory and thinking problems of Alzheimer’s disease and other dementias may be related to a failure in the brain’s stress response system, the new research suggests. If this system is working well, it can protect the brain from abnormal Alzheimer’s proteins; if it gets derailed, key areas of the brain start degenerating.


“This is an extremely important study,” said Li-Huei Tsai, director of the Picower institute for Learning and Memory at the Massachusetts Institute of Technology, who was not involved in the research but wrote a commentary accompanying the study. “This is the first study that is really starting to provide a plausible pathway to explain why some people are more vulnerable to Alzheimer’s than other people.”


Photo


Amyloid plaques form in the brain of a patient with Alzheimer’s disease. Credit Yankner laboratory

The research, published on Wednesday in the journal Nature, focuses on a protein previously thought to act mostly in the brains of developing fetuses. The scientists found that the protein also appears to protect neurons in healthy older people from aging-related stresses. But in people with Alzheimer’s and other dementias, the protein is sharply depleted in key brain regions.


Experts said if other scientists can replicate and expand upon the findings, the role of the protein, called REST, could spur development of new drugs for dementia, which has so far been virtually impossible to treat. But they cautioned that much more needs to be determined, including whether the decline of REST is a cause, or an effect, of brain deterioration, and whether it is specific enough to neurological diseases that it could lead to effective therapies.


“You’re going to see a lot of papers now following up on it,” said Dr. Eric M. Reiman, executive director of the Banner Alzheimer’s Institute in Phoenix, who was not involved in the study. “While it’s a preliminary finding, it raises an avenue that hasn’t been considered before. And if this provides a handle on which to understand normal brain aging, that will be great too.”



REST, a gene regulator that switches off certain genes, is primarily known to keep fetal neurons in an immature state until they develop to perform brain functions, said Dr. Bruce A. Yankner, a professor of genetics at Harvard Medical School and the new study’s lead author. By the time babies are born, REST becomes inactive, he said, except in some areas outside the brain like the colon, where it seems to suppress cancer.


While investigating how different genes in the brain change as people age, Dr. Yankner’s team was startled to find that REST was the most active gene regulator in older brains.


“Why should a fetal gene be coming on in an aging brain?” he wondered. He hypothesized that it was because in aging, as in birth, brains encounter great stress, threatening neurons that cannot regenerate if harmed.


His team discovered that REST appears to switch off genes that promote cell death, protecting neurons from normal aging processes like energy decrease, inflammation and oxidative stress.



Analyzing brains from brain banks and dementia studies, the researchers found that brains of young adults aged 20 to 35 contained little REST, while healthy adults between the ages of 73 and 106 had a lot. REST levels grew the older people got, so long as they did not develop dementia, suggesting REST is related to longevity.


But in people with Alzheimer’s, mild cognitive impairment, frontotemporal dementia and Lewy body dementia, the brain areas affected by these diseases contained much less REST than healthy brains.


This was true only in people who actually had memory and thinking problems. People who remained cognitively healthy, but whose brains had the same accumulation of amyloid plaques and tau tangles as people with Alzheimer’s, had three times more REST than dementia sufferers.


REST levels dropped as symptoms worsened, so people with mild cognitive impairment had more REST than Alzheimer’s patients. And only key brain regions were affected. In Alzheimer’s, REST steeply declined in the prefrontal cortex and hippocampus, areas critical to learning, memory and planning. Other areas of the brain not involved in Alzheimer’s showed no REST drop-off.


It is not yet possible to analyze REST levels in the brains of living people, and several Alzheimer’s experts said that fact limited what the new research could prove.


John Hardy, an Alzheimer’s researcher at University College London, cautioned in an email that information from post-mortem brains cannot prove a decline in REST causes dementia because death may produce unrelated damage to brain cells.


To probe further, the team conducted what both Dr. Tsai and Dr. Reiman called a “tour de force” of research, examining REST in mice, roundworms and cells in the lab.


“We wanted to make sure the story was right,” Dr. Yankner said. “It was difficult to believe at first, to be honest with you.”


Especially persuasive was that mice genetically engineered to lack REST lost neurons as they aged in brain areas afflicted in Alzheimer’s.


Dr. Yankner said REST appears to work by traveling to a neuron’s nucleus when the brain is stressed. In dementia, though, REST somehow gets diverted, traveling with toxic dementia-related proteins to another part of the neuron where it is eventually destroyed.


Experts said the research, while intriguing, leaves many unanswered questions. Bradley Wise of the National Institute on Aging’s neuroscience division, which helped finance the studies, said REST’s role needs further clarification. “I don’t think you can really say if it’s a cause of Alzheimer’s or a consequence of Alzheimer’s” yet, he said.


Dr. Samuel Gandy, an Alzheimer’s researcher at Mount Sinai Medical Center, wondered if REST figured only in neurodegenerative diseases or in other diseases too, which could make it difficult to use REST to develop specific treatments or diagnostic tests for dementia.


“My ambivalence is, is this really a way that advances our understanding of the disease or does this just this just tell us this is even more complicated than we thought?” he said.


Dr. Yankner’s team is looking at REST in other neurological diseases, like Parkinson’s. He also has thoughts about a potential treatment, lithium, which he said appears to stimulate REST function, and is considered relatively safe.


But he and other experts said it was too early. “I would hesitate to start rushing into lithium treatment” unless rigorous studies show it can forestall dementia, said Dr. John Morris, an Alzheimer’s researcher at Washington University in St. Louis.


Still, Dr. Morris said, the REST research the team conducted so far is “very well done, and certainly helps support this idea that we’ve all tried to understand about why Alzheimer’s is age-associated and why, while amyloid is necessary for the development of Alzheimer’s disease, it certainly is not sufficient.” He added, “There have to be some other processes and triggers that result in Alzheimer’s.”


Correction: March 19, 2014

Because of an editing error, an earlier version of this article misstated the gender of Dr. Li-Huei Tsai. She is a woman.



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Protein May Hold Key to Who Gets Alzheimer’s, Study Finds

Friday, March 14, 2014

Lady Gaga"s Charity Spends Millions, But Hold Your Applause...

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Lady Gaga"s Charity Spends Millions, But Hold Your Applause...

Thursday, February 27, 2014

Yanukovich in Russia, to hold press-conference in Rostov-on-Don Friday – source

Yanukovich in Russia, to hold press-conference in Rostov-on-Don Friday – source
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RT
February 27, 2014


Viktor Yanukovich will hold a news conference in Russia’s Rostov-on-Don at 1700 local time (1300 GMT) on Friday, reports Itar-Tass citing sources close to Ukraine’s ousted president.


The site of the event will be announced later, the agency writes.


Yanukovich vanished over the weekend and his whereabouts have so far been unknown, with rumors claiming that he could have fled to Russia, or that he was still in Crimea.


He was reportedly last seen in Crimea.


The new Ukrainian authorities – who came to power following months of violent confrontation – put Yanukovich on an international wanted list on suspicion of involvement in mass killings during the riots in Kiev.


Dozens of people were killed in clashes between armed radical protesters and security forces.


On February 22, Ukrainian MPs voted to oust Yanukovich and hold a presidential vote on May 25.


  • A d v e r t i s e m e n t


Ukraine’s parliament, the Verkhovna Rada, held an emergency session and passed a law on the return to the 2004 constitution without the president’s approval, saying that the president had removed himself from power.


Yanukovich described the situation as a coup d’etat and said he was not going to resign, as he was a “legitimately elected president.”


On February 23, the parliament voted for its speaker, Aleksandr Turchinov, as acting president of Ukraine.


The Ukrainian leader fled Kiev at the end of the worst week of violence since protests began in November, when he refused to sign an association agreement with the EU.


On Wednesday, Ukraine’s deputy prosecutor general said that the president was still on the country’s soil, without giving any further details.


On Thursday Viktor Yanukovich made a statement that he still considered himself the legitimate leader of Ukraine and warned against an internal military conflict. He also asked Russia to ensure his safety against the actions of “extremists” that took power in Ukraine.


A source inside the Russian authorities told Itar-Tass news agency that his security had reportedly been ensured on Russian territory “in connection with the fact that President Yanukovich appealed to the Russian authorities”.


This article was posted: Thursday, February 27, 2014 at 2:19 pm









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Tuesday, February 18, 2014

Iran, powers hold "substantive" nuclear talks; U.S., Iranians meet

VIENNA (Reuters) – Six world powers and Iran began “substantive” talks on Tuesday in pursuit of a final settlement on Tehran’s contested nuclear program in the coming months despite caveats from both sides that a breakthrough deal may prove impossible.


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Iran, powers hold "substantive" nuclear talks; U.S., Iranians meet

Friday, February 14, 2014

Flood agency job cuts "on hold"










Job cuts at the Environment Agency have been put on hold while it deals with the floods crisis in England.


The quango said it still intended to press ahead with long-term plans to cut its workforce by about 1,550.


But it said discussions with staff who might be affected would be delayed until “current flooding has subsided”.


Labour has claimed the jobs of 550 flooding specialists are at risk from the shake-up but the Agency said this was not currently being considered.


The Agency has been criticised for its performance in recent weeks and for its past policy on river dredging in Somerset, one of the worst-affected areas.


But its chairman Lord Smith, whose own position has come under pressure, has praised the dedication and professionalism of its frontline staff, many of whom have been working non-stop since the start of December.


The Agency, which has an annual budget of £1.2bn, announced plans last year to reduce staff numbers from 11,250 to about 9,700 in response to a cut in the amount of money it gets from central government.



‘Change programme’

It has never specified which departments would be affected and it has now confirmed that it has postponed a consultation on potential redundancies until the current crisis is over.




Start Quote





We will not be entering a formal consultation with staff until the current flooding has subsided”




End Quote
Toby Willison
Environment Agency


“We are prioritising incident response above all other work,” said its programme director Toby Willison.


“With this in mind, we are reviewing the timetable for the Environment Agency’s change programme and will not be entering a formal consultation with staff until the current flooding has subsided.


“Once we move out of incident response mode, we will refocus our efforts to continue to bring Environment Agency costs in line with our budget from government for 2014-15.”


Labour leader Ed Miliband highlighted job cuts at the Agency during Wednesday’s Prime Minister’s Questions, urging the government to reconsider what he said was the threat to 550 flood specialists’ jobs.


The BBC’s political correspondent Alex Forsyth said the 550 figure may have come from an internal exercise into future changes but it had never been confirmed and the organisation said it was not being considered.


The Agency insisted that any future reductions in staff would not affect “its ability to respond to flooding incidents”, adding that it would minimise the impact on other frontline services as well.



‘Stay of execution’

Speaking before the Agency’s announcement, David Cameron said the reported job cuts had never been confirmed.


“Those aren’t plans that are going to be put in place,” he said. “Of course every organisation has to make sure it is efficient – but nothing will be done at the Environment Agency that will hamper our flood relief effort.”


Labour welcomed what it said was Mr Cameron’s “changed position” on frontline flood staff, opposition leader Ed Miliband tweeting: “We’ll make sure he keeps his promise not to sack them.”


But unions and environment campaigners warned that this could not just be a “stay of execution”.


“While the Environment Agency has put consultation on redundancies on hold this statement makes clear that they will press on with redundancies after the floods have receded,” the GMB’s Justin Bowden said.


“This is ludicrous. Has government learned nothing from the current floods?


“At the root of the current flooding crisis are successive years of central government cuts that have trimmed maintenance budgets to unsustainable levels.”


The Environment Agency has admitted it did not have enough specialist staff to deal with the flooding caused by the unprecedented rainfall since December and it has had to take staff off other duties to reinforce relief efforts.




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Flood agency job cuts "on hold"

Tuesday, February 4, 2014

Koreas agree to hold family reunions this month




By AP
February 5, 2014, 2:20 pm TWN





SEOUL, South Korea — South Korea says it and North Korea have agreed to hold the first reunions of war-divided families in more than three years later this month.

The planned Feb. 20-25 reunions coincide with the expected start of South Korea-U.S. annual springtime military drills that North Korea calls a rehearsal for a northward invasion. The allies call the training defensive.


North Korea scrapped previously scheduled reunions at the last minute in September after accusing South Korea of preparing war drills and other hostile acts.


Seoul’s Unification Ministry says the latest agreement was reached during a border meeting between Red Cross delegates from the Koreas on Wednesday. It gave no further details.











 Thailand opposition seeks to annul election 

In this photo released by South Korean Unification Ministry, head of South Korean working-level delegation Lee Duk-haeng, center right, shakes hands with his North Korean counterpart Park Yong Il, center left, during their meeting at Tongilgak in the North Korean side of Panmunjom which has separated the two Koreas since the Korean War, Wednesday, Feb. 5.

(AP)


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Koreas agree to hold family reunions this month

Monday, February 3, 2014

Obama seeks to hold Dems together in election year







Senate Majority Leader Harry Reid of Nev. speaks during a news conference on Capitol Hill in Washington, Tuesday, Jan. 28, 2014, prior to President Barack Obama’s State of the Union address. (AP Photo/J. Scott Applewhite)





Senate Majority Leader Harry Reid of Nev. speaks during a news conference on Capitol Hill in Washington, Tuesday, Jan. 28, 2014, prior to President Barack Obama’s State of the Union address. (AP Photo/J. Scott Applewhite)













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(AP) — Seeking to preserve party unity in an election year, President Barack Obama is trying to tamp down internal Democratic divisions on issues like trade and energy, even as friendly lawmakers show little restraint in publicly breaking with the White House.


The president will hold separate meetings this week with House and Senate Democrats, where he’s likely to face more pushback on the Keystone XL pipeline and health care, particularly from lawmakers who will face voters in November. Obama also met Monday with Senate Majority Leader Harry Reid, who has sharply opposed the president’s proposal for letting Congress vote quickly to approve international trade pacts, though officials said the issue did not come up during the meeting.


White House officials have tried to dismiss the intraparty divisions, saying they’re aware of the election-year pressures driving some Democrats to oppose Obama on high-profile issues.


“All of these folks got elected in the first place by being really strong advocates for their states,” said Dan Pfeiffer, Obama’s longtime adviser. “And sometimes the interests of their individual state may be at odds with the administration, but that’s OK. They have a job to do.”


After a rough last year that sparked questions about the limits of his influence in Washington, Obama could risk the appearance of being a hindrance to his own party each time Democrats push back against him. But the friendly fire might prove to be well worth it for Obama if it helps Democrats hold the Senate.


Keeping control of the chamber was the central focus of the president’s discussion Monday with Reid, who was joined at the White House meeting by Colorado Sen. Michael Bennet, the chairman of the Democratic Senatorial Campaign Committee, and Guy Cecil, the committee’s executive director. A White House official said the meeting had been scheduled before the Nevada lawmaker made his comments on trade.


Obama’s advisers are hoping to offset Democratic disputes on issues like trade and energy with party cohesion on the economic agenda the president outlined in last week’s State of the Union address. The president’s meetings this week with House and Senate Democrats will focus in part on mapping out a legislative strategy for raising the federal minimum wage from $ 7.25 per hour to $ 10.10 — a proposal the party sees as both a political and policy winner. The White House is planning an aggressive push on the minimum wage in the coming months, including trips by the president to states that are taking action on their own to increase the hourly pay rate.


Rep. Richard Neal, D-Mass., introduced legislation last week to raise the federal minimum wage in steps to $ 10.10 hourly over four years. Obama has embraced a Senate Democratic bill gradually boosting the minimum wage to that same level by 2016.


While Democrats are largely united on economic matters, other politically volatile issues keep bubbling to the surface, exposing long-standing divisions that inevitably take on greater importance in an election year.


One day after Obama used his State of the Union to press lawmakers for a speedy vote on two major trade agreements, Reid swatted down the idea, saying “everyone would be well-advised to not push this right now.” And on Friday, Democratic senators like Mary Landrieu of Louisiana and Kay Hagan of North Carolina — both facing tough re-election fights — ratcheted up pressure on the president to approve the Keystone XL pipeline after a State Department review raised no significant environmental objections to the project.


Some Democratic lawmakers have also split with the White House in recent months on Iran sanctions and National Security Agency spying. And the failed launch of Obama’s signature health care law spurred deep anxiety among Democrats facing re-election next year, causing some to break with the White House on elements of the legislation, though they still continued to stand by the overall measure.


The divisions have become frequent fodder for Republicans, who have sought to expose any cracks in the relationship between the president and his party. That’s particularly true on the Keystone XL pipeline, which Republicans support, and on trade, where the GOP finds itself in rare alignment with the president.


Senate Minority Leader Mitch McConnell, R-Ky., took on both issues Monday, saying “The president’s own party is now standing in the way of getting anything done.”


White House officials say they’re largely concerned with not getting caught off guard when Democratic lawmakers don’t align with the president. An official said Obama had spoken with Reid previously about his position on trade and was not surprised by the Senate leader’s comments last week.


As he returned to Capitol Hill Monday afternoon, a reporter asked Reid if he was in “the doghouse” because of his comments on trade. Reid simply said, “No.”


___


Associated Press writers Donna Cassata and Alan Fram contributed to this report.


___


Follow Julie Pace at http://twitter.com/jpaceDC


Associated Press




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Obama seeks to hold Dems together in election year

Sunday, February 2, 2014

NKorea Agrees to Hold Talks on Family Reunions

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SEOUL, South Korea — South Korea said Monday that North Korea had agreed to hold talks on arranging reunions of families separated by the 1950-53 Korean War for the first time in more than three years.


North Korea last month agreed to restart the reunions and asked South Korea to pick the date. Seoul subsequently chose Feb. 17-22 and proposed working-level talks to discuss details about the reunions. But Pyongyang hadn’t responded for a week, drawing complaints from Seoul officials.


Breaking its weeklong silence, North Korea on Monday sent a message proposing the talks take place either on Wednesday or Thursday at a border village and let South Korea choose the date, according to Seoul’s Unification Ministry and Pyongyang’s state media.


South Korea replied it preferred Wednesday, according to the Unification Ministry. Spokesman Kim Eui-do said Seoul officials will try to arrange the reunion as soon as possible.


The reunion program is one of several cross-border cooperation projects that have been stalled in recent years amid tension between the divided Koreas. The program is highly emotional as most applicants are in their 70s or older and want to have the possibility to see their long-lost relatives before they die.


Pyongyang has recently toned down its typical rhetoric against Seoul and made a series of conciliatory gestures. Last spring, the country dramatically raised tensions by issuing repeated threats to launch nuclear wars.


Analysts say the impoverished North needs improved ties with South Korea as that will help the country attract foreign investment and aid.


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NKorea Agrees to Hold Talks on Family Reunions

Wednesday, December 11, 2013

Nancy Pelosi: Immigration reform on hold in House


Ginger Gibson and Seung Min Kim
Politico
December 11, 2013


House Minority Leader Nancy Pelosi said she spoke with Speaker John Boehner on Tuesday and asked when an overhaul to immigration laws could be considered in the House.


“He told me, yes we have to wait until next year,” Pelosi told reporters on Wednesday morning.


Democrats have been pushing House Republicans to hold a vote on a landmark immigration reform bill that was passed in June, or try to work on their own immigration legislation. But Republicans have been apprehensive, with the most conservative members opposed to anything that could provide a pathway to citizenship or legalization for undocumented immigrants.


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This article was posted: Wednesday, December 11, 2013 at 1:46 pm









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Nancy Pelosi: Immigration reform on hold in House

Friday, December 6, 2013

Udall, Hickenlooper Hold Small Leads in Colo.



Two Democrats running for re-election in Colorado next year appear to be vulnerable, as both have approval ratings that are underwater.


But according to a new survey conducted by the Democratic Party-affiliated Public Policy Polling, Gov. John Hickenlooper and Sen. Mark Udall still hold leads against all of their potential Republican challengers, despite their slipping numbers.


Hickenlooper, who ascended to office with an easy victory over former U.S. Rep. Tom Tancredo in 2010 (and who is occasionally mentioned as a potential 2016 presidential contender), now has the approval of just 45 percent of the state’s voters, while 48 percent disapprove of him.


But he leads Tancredo — who is running for governor again and currently leads the GOP primary field, according to PPP — by an eight-point margin (48 percent to 40 percent) in a hypothetical general election matchup.


The Republican candidate who comes closest to topping Hickenlooper in one-on-one matchups is state Sen. Greg Brophy, who trails the Democrat by just one point (44 percent to 43 percent).


But Brophy, who does not enjoy high name recognition statewide, sits in third place in the Republican field with just 9 percent of the GOP vote, far behind Tancredo (34 percent) and Secretary of State Scott Gessler (15 percent).


In the Senate race, the survey showed that 40 percent of voters approve of Udall, while 41 percent disapprove.


But the first-term Democrat leads all of his potential Republican opponents, including Ken Buck, who lost the 2010 Senate race to Democrat Michael Bennet — an outcome that was one of the toughest for the GOP to swallow in a year that otherwise saw Republicans riding a wave of victories nationwide.


Bennet won that race in large part by portraying Buck as an extremist on social issues. But Buck is currently the top choice for Republican primary voters to put up against Udall, earning 45 percent of the vote in the PPP survey.


State Sen. Randy Baumgardner was in a distant second with 8 percent of the vote and state Rep. Amy Stephens drew 7 percent support.


Udall’s lead over Buck in the poll was 46 percent to 42 percent, while his advantages over Baumgardner (47 percent to 40 percent) and Stephens (44 percent to 37 percent) were larger.


A major reason why both Colorado Democrats appear vulnerable is that President Obama’s approval rating in the state (which he won in both 2008 and 2012) has slipped to just 43 percent with 54 percent of voters disapproving of him.


The poll of 928 Colorado voters (including 355 “usual” Republican primary voters) was conducted Dec. 3-4. In the overall survey, the margin of error was plus or minus 3.2 percentage points; it was plus or minus 5.2 points for the GOP sample. 




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Udall, Hickenlooper Hold Small Leads in Colo.

Wednesday, November 27, 2013

UPDATE 1-IMF sees Canada economy picking up in 2014, rates on hold

UPDATE 1-IMF sees Canada economy picking up in 2014, rates on hold
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Wed Nov 27, 2013 2:10pm EST



* IMF says economy should grow by 2.25 percent in 2014


* Sees interest rates rising in early 2015


* Projects inflation to reach 2 percent by end 2015


By Leah Schnurr


TORONTO, Nov 27 (Reuters) – Economic growth in Canada should accelerate next year as a pick-up in the U.S. recovery boosts exports, but low inflation means the Bank of Canada can wait to raise interest rates until early 2015, the International Monetary Fund said on Wednesday.


The IMF sees Canada’s economic growth accelerating to 2.25 percent in 2014 from an estimated 1.6 percent this year. While household consumption has remained robust this year, growth in exports and business investment has disappointed.


As demand and capacity utilization increase next year, business investment is expected to strengthen, particularly spending on machinery and equipment, the IMF said in a report.


“Twelve months ago we were expecting the economy to accelerate over 2013. I have to say, that hasn’t happened to the extent to which we were expecting,” Roberto Cardarelli, IMF mission chief to Canada, told reporters.


“The culprit is especially exports, which have not picked up as much as we were expecting last year, and business investment, which has slowed over the last few quarters.”


The Bank of Canada has also said it is looking for corporate investment and exports to contribute more to growth, picking up from highly indebted consumers who helped fuel the recovery from the financial crisis.


That rotation should happen next year, but hinges on a stronger U.S. recovery, said Cardarelli, who warned risks to the IMF’s growth scenario are predominantly on the downside. The United States is Canada’s largest trading partner.


Beyond lackluster demand for exports, obstacles hampering the sector include Canada’s strong currency, weak productivity growth and capacity constraints in the energy sector, Cardarelli said.


“That casts a little bit of a shadow, or a question mark, over the capacity for Canada to benefit from a recovery of the U.S. economy as much as it used to do in the past,” he said.


Another political standoff south of the border over fiscal policy and a faster-than-expected increase in long-term rates as the Federal Reserve looks to wind down its economic stimulus could also affect the U.S. recovery and demand for Canadian exports adversely, the IMF said.


With inflation muted, the Bank of Canada should keep monetary policy accommodative until there are firmer signs that a sustainable transition from household spending to exports and investment is taking hold, the multinational agency said.


It projected the Bank of Canada will lift its main policy rate in early 2015, with the inflation rate climbing back to 2 percent by the end of that year as existing slack in the economy is absorbed. The annual inflation rate dipped to 0.7 percent in October, below the Bank of Canada’s target range.


The Bank of Canada surprised markets in October by taking a more dovish stance on monetary policy after 18 months of saying rate hikes were on the horizon. The central bank has held its key interest rate at 1 percent since 2010.


HOMES LESS OVERVALUED


The IMF report warned elevated house prices and household debt could amplify the impact of external pressures, but sees the property sector as less overpriced than it was a year ago.


On a national basis, home prices are overvalued by 5 to 10 percent, down from last year’s range of 5 to 15 percent, Cardarelli said.


Canada’s post-crisis housing market boom, fueled by record low borrowing costs, has increased fears of a property bubble that could end in a U.S.-style crash. But the market has cooled since the federal government intervened last year to tighten mortgage rules.


“We think that the risk that people wake up in morning and say, ‘Oh my God, house prices are too high,’ … and everything falls and that the bubble is going to burst, we don’t believe that’s the case,” Cardarelli said.


“If the economy is going to struggle next year, then the risks around housing are much higher.”


The report said that over the long run, Canada should re-examine the need for the country’s extensive government-backed mortgage insurance program. Through its housing agency, the federal government insures billions of dollars worth of mortgages for homeowners with low downpayments.


While there are merits to the current system, the IMF said it exposes the federal budget to financial system risks and might distort the allocation of capital away from other uses, such as small business lending.






Reuters: Financial Services and Real Estate




Read more about UPDATE 1-IMF sees Canada economy picking up in 2014, rates on hold and other interesting subjects concerning Real Estate at TheDailyNewsReport.com

Sunday, November 24, 2013

Deal in Geneva: Hold the Cheers


Stephen Lendman


A previous article asked if it matters? Longstanding hardline US/Israeli policy won’t change.


Sanctions Iran most wants removed remain in place. Stiff new ones may follow later on. For now they’re postponed.


America is duplicitous. It’s deals aren’t worth the paper they’re written on. Will this one be different? Don’t bet on it. Interpretations differ on what was agreed on. More on that below.  


Obama is no peacemaker. He’s waging multiple direct and proxy wars. He’s done so from day one in office. He broke every major promise made. That’s key.


He shows no signs of changing policy. He hasn’t throughout his tenure. He remains hardline on Iran. His softer rhetoric reflects deception. Tehran got too little in exchange for major concessions.


A six month interim deal was agreed on. It’s temporary, modest and reversible. It can be changed, rescinded or ignored if Washington wishes.


Iran has no guarantees. It has legitimate demands. It wants its sovereign rights respected.


It wants normalized relations. It wants US/Israeli war options dropped. It wants its membership in the world body of nations fully recognized.


On November 20, talks began. They continued into day five. They concluded pre-dawn on Sunday. A UN Geneva Palace of Nations signing ceremony followed.


  • Conflicting reports suggest possible rocky times ahead. Reuters headlined “Iran, six world powers clinch breakthrough nuclear deal.”

It suggested “emerging rapprochement ending a dangerous standoff” in exchange for “limited sanctions relief.”


The New York Times headlined “Accord Reached With Iran to Halt Nuclear Program.” It gave readers the wrong impression.


It partly misreported. It’s typical NYT. It said the agreement “temporarily freezes Iran’s nuclear program.”


It “halt(s) much of (it) and rolls some elements back.” Readers had to get well into the article for details. Most don’t get beyond the first few paragraphs. Initial impressions stick. What follows matters less.


The Washington Post headlined “Iran, world powers reach historic nuclear deal,” saying:


It “freezes key parts of Iran’s nuclear program in exchange for temporary relief on some economic sanctions Iran (is required) to halt or scale back parts of its nuclear infrastructure.”


The Wall Street Journal headlined “Major Powers Reach Deal With Iran to Freeze Nuclear Program. (It) ensure(s) the Islamist government doesn’t rush to develop atomic weapons.”


Senator Mark Kirk (R. IL) is one of many sharp congressional Iranian critics. The Journal quoted him saying:


“This deal appears to provide the world’s leading sponsor of terrorism with billions of dollars in exchange for cometic concessions.”


John Kerry lied to reporters, saying:


“This first step (agreed on) does not say Iran has the right of enrichment, no matter what interpretative comments are made.”


False! Agreement provisions are discussed below. Enrichment up to 5% is permitted. Kerry knows it. So can everyone reading the document.


On November 20, Senators Bob Casey (D. PA), Charles Schumer (D. NY), Lindsey Graham (R. SC), John McCain (R. AR), and Susan Collins (R. ME) wrote John Kerry. In part they said:


“We feel strongly that any easing of sanctions along the lines that the P5+1 is reportedly considering should require Iran to roll back its nuclear program more significantly than now envisioned.”


“It is our belief that any interim agreement with the Iranians should bring us closer to our ultimate goal which is Iran without a nuclear weapons capability.”


It should “prevent Tehran from possessing any enrichment or reprocessing capability.”


“(W)e are concerned that the interim agreement would require us to make significant concessions before we see Iran demonstrably commit to moving away from developing a nuclear weapons capability.”


“(W)e must be ever mindful of with whom we are negotiating. Iran has been the largest state sponsor of terrorism for over thirty years; its leaders routinely call for the destruction of Israel; and it arms and finances terrorist groups around the globe.”


Many other Republican and Democrat House and Senate members express similar sentiments. Anti-Iranian hostility is virulent. It’s longstanding. Geneva changes nothing.


Netanyahu’s office called the deal “a bad agreement. It gives Iran exactly what it wants: both substantial easing of sanctions and preservation of the most substantial parts of its nuclear program.”


Separately, Netanyahu told his cabinet ministers the deal is a “historic mistake. Israel is not obligated by this agreement.”


“I want to make clear we will not allow Iran to obtain military nuclear capability.”


“Today the world became a much more dangerous place because the most dangerous regime in the world made a significant step in obtaining the most dangerous weapons in the world.”


Other Israeli hardliners expressed similar comments. Deputy Knesset speaker, Moshe Feiglin, compared Geneva to Munich 1938.


“Any rational person understands that we are in the midst of a process leads to a nuclear-armed Iran,” he claimed.


Things are “much worse than (what) led to the Yom Kippur War,” he added.


Israel is the Middle East’s sole nuclear power. It maintains a formidable arsenal. It has long-range sophisticated delivery systems. It represents the region’s only major threat. Western media entirely ignore it.


Avigdor Lieberman is Israel’s defrocked/reinstated foreign minister. He represents the extreme far right of Netanyahu’s coalition government.


He’s an embarrassment too great to ignore. He’s a thorn in the side of peace and stability.


He warned about letting Iran’s nuclear program continue. It’ll lead to a regional nuclear arms race, he claimed.


It’ll be on a scale “that even the most nightmarish Hollywood horror movie could not come close to depicting.”


“We will know how to handle the Iranian threat, even if we stand alone,” he stressed.


“The threat is not just directed at us. The consequences (will be felt) across the Persian Gulf, Saudi Arabia, and the price of oil and gas. (They’ll) be catastrophic for the whole world.”


Israeli Defense Minister Moshe Ya’alon was just as hardline, saying:


“We must not be patient and allow Iran to become a nuclear state. One way or another, Iran’s military nuclear program must be stopped.”


“We must continue with harsh sanctions on the diplomatic front, while presenting a credible military threat.”


“We stand before a bad deal after which Iran will still be allowed to preserve its enrichment capabilities and operate without pressure.”


“A strengthened Iran is a strengthened Hezbollah and Islamic Jihad. These are groups that present a threat to the West and to us.”


Iranian reports were positive. Press TV headlined “Tehran, world powers reach nuclear deal: Iran FM.” The Tehran Times headlined “Tehran, world powers reach nuclear deal.”


Iran’s Fars News Agency headlined “FM: Iran to Continue Nuclear Activities.” It quoted Foreign Minister Javad Zarif saying:


Iran’s “program has been recognized and the Iranian people’s right to use the peaceful nuclear technology based on the NPT (Non-Proliferation Treaty) and as an inalienable right has been recognized and countries are necessitated not to create any obstacle on its way.”


“The (nuclear) program will continue and all the sanctions and violations against the Iranian nation under the pretext of the nuclear program will be removed gradually.”


The deal represents a first-step effort toward “the full removal of all UN Security Council, unilateral and multilateral sanctions, while the country’s enrichment program will be maintained.”


“Production of 5-percent-enriched uranium will continue in the country similar to the past.”


“None of the enrichment centers will be closed and Fordo and Natanz will continue their work and the Arak heavy water program will continue in its present form and no material (enriched uranium stockpiles) will be taken out of the country and all the enriched materials will remain inside the country.”


“The current sanctions will move towards decrease. No (new) sanctions will be imposed and Iran’s financial resources will return.”


Zarif called the deal “a great success.” His faith remains to be tested. He understands the challenges Iran face. He called what was agreed on “an action plan in four pages.”


“If we see any breach occurs in the commitments of the other side, and I hope that it will not happen, there will be a possibility for reversing (the actions).”


“We are not in such a status to accept implementing the agreement unilaterally, if the other side doesn’t comply with its undertakings.”


“With open eyes and by fully protecting the people’s rights, if, God forbid, we come to this conclusion that the other side has misused the created opportunity, we will surely have other choices.”


Fars News published the full text of the deal. It’s provisions are as follows:


  • its duration runs six months; everything agreed on below remains in place for that period;

  • it’s renewable by mutual consent;

  • Iran retains half of its 20% enriched uranium “as working stock of 20% oxide for fabrication of fuel for the TRR (Tehran Research Reactor);”

  • the remainder will be diluted “to no more than 5%;”

  • for the next six months, Iran will restrict enrichment to 5%;

  • it “will not make any further advances of its activities at (its) Natanz Fuel Enrichment Plant 1, Fordow2, or the Arak reactor 3;”

  • no new enrichment locations will be used;

  • “Iran will continue its safeguarded R&D practices, including its current R&D practices; (they’re) not designed for accumulation of the enriched uranium;”

  • reprocessing or construction of a facility for that purpose is prohibited;

  • “enhanced monitoring” is agreed on;

  • IAEA-supplied information will include “Iran’s plans for nuclear facilities, a description of each building on each nuclear site, a description of the scale of operations for each location engaged in specified nuclear activities, information on uranium mines and mills, and information on source material;”

  • Iran will supply this information within three months;

  • it’ll provide IAEA with an updated DIQ (Design Inventory Questionnaire) on Arak’s reactor;

  • IAEA steps were agreed on regarding the Safeguards Approach for Arak’s reactor;

  • “daily IAEA inspector access when inspectors are not present for the purpose of Design Information Verification, Interim Inventory Verification, Physical Inventory Verification, and unannounced inspections, for the purpose of access to offline surveillance records, at Fordow and Natanz;”

  • “IAEA inspector managed access to centrifuge assembly workshops4; centrifuge rotor production workshops and storage facilities; and uranium mines and mills;”

  • Iran won’t “feed UF6 (uranium hexafluoride) into the centrifuges installed but not enriching uranium;”

  • it won’t install additional centrifuges;

  • it will replace existing ones with others “of the same type;”

  • no further Fordow enrichment “over 5% at 4 cascades (and no) increase(d) enrichment capacity; (no) feed (of) UF6 into the other 12 cascades (to) remain inoperative; no interconnections between cascades;”

  • Iran won’t “commission (Arak) or transfer fuel or heavy water to the reactor site, and will not test additional fuel or produce more fuel for the reactor or install remaining components;” and

  • centrifuge production will only replace “damaged machines.”

P5+1 countries agreed to the following:


  • cease efforts to further reduce Iranian crude oil sales;

  • let Iranian customers continue buying their current amounts;

  • repatriate “an agreed amount of revenue held abroad;” it’s believed to be no more than $ 7 billion; perhaps it’s less;

  • suspend US/EU insurance and transportation services sanctions;

  • suspend US/EU sanctions on Iranian petrochemical exports, associated services related to them, gold and precious metals, as well as others on associated services, and Iran’s auto industry plus associated services related to it;

  • “license the supply and installation in Iran of spare parts for safety of flight for Iranian civil aviation and associated services;”

  • “license safety related inspections and repairs in Iran as well as associated services;”

  • no new US, EU or Security Council nuclear related sanctions;

  • “establish a financial channel to facilitate humanitarian trade for Iran’s domestic needs using Iranian oil revenues held abroad;”

  • included are transactions involving food, agricultural products, medicines, medical devices and supplies, as well as medical expenses incurred abroad;

  • “specified foreign banks and non-designated Iranian” ones “to be defined” will be involved when the channel is established;

  • it’ll enable Iran to pay its UN obligations, as well as tuition for Iranian students studying abroad “up to an agreed amount;”

  • EU authorized transactions thresholds will increase “for non-sanctioned trade to an agreed amount;”

  • ” ‘sanctions on associated services’ means any service, such as insurance, transportation, or financial, subject to the underlying US or EU sanctions applicable, insofar as each service is related to the underlying sanction and required to facilitate the desired transactions;”

  • “these services could involve any non-designated Iranian entities;”

  • final step efforts toward a “comprehensive solution” to be implemented “no more than one year after agreement on the above provisions;”

  • it’ll have “a specified long-term duration;”

  • it’ll reflect adhering to NPT provisions and IAEA Safeguard Agreements;

  • it aims to “comprehensively lift UN Security Council, multilateral and national nuclear-related sanctions, including steps on access in areas of trade, technology, finance, and energy, on a schedule to be agreed upon;”

  • it’ll involve a “mutually defined enrichment programme with mutually agreed parameters consistent with practical needs, with agreed limits on scope and level of enrichment activities, capacity, where it is carried out, and stocks of enriched uranium, for a period to be agreed upon;”

  • it’ll fully resolve concerns about Arak;

  • it’ll mandate “no reprocessing or construction of a facility capable of” doing so;

  • “following successful implementation of the final step of the comprehensive solution for its full duration, the Iranian nuclear programme will be treated in the same manner as that of any non-nuclear weapon state party to the NPT;” and

  • it’s mutually agreed that “nothing is agreed until everything is agreed.”

Sunday’s agreement leaves important issues unresolved. Key is longstanding US/Israeli hostility.


Iran won’t benefit unless its legitimate rights are respected. They haven’t been for 34 years. Will this time be different?


Will longstanding US imperial policy change? Will Israel’s position soften despite its rhetoric? Will its lobby? Will France, Britain and Germany? Will Saudi Arabia and other Gulf Cooperation Council states?


Believing it requires a giant leap of faith. It’s believing America negotiates fairly. It’s believing it wants peace in our time.


It’s believing Obama intends ending decades of US hostility. It’s believing what won’t happen going forward.


Longstanding US policy remains unchanged. It’s hardline. It’s unrelenting. It wants unchallenged global dominance. It wants pro-Western puppet regimes replacing independent ones.


It’s the oil, stupid. It’s the gas. Iran is rich in both. Washington covets control. It continues going all out to get it. Geneva didn’t change things.


Professor Abbas Edalat founded the Campaign Against Sanctions and Military Intervention in Iran (CASMII). He commented on Geneva, saying:


“Clearly, it would take a long time for the US to gain the trust of Iranian people, and this can only be achieved by recognizing Iran’s rights for a civilian nuclear program including home enrichment of uranium for energy production.”


“Only when the US treats Iran with respect as a sovereign nation, the process of reconciliation and looking forward to mutual cooperation and collaboration in many areas of joint interests can begin.”


Stephen Lendman lives in Chicago. He can be reached at lendmanstephen@sbcglobal.net.


His new book is titled “Banker Occupation: Waging Financial War on Humanity.”


http://www.claritypress.com/LendmanII.html


Visit his blog site at sjlendman.blogspot.com.


Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network.


It airs Fridays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.


http://www.progressiveradionetwork.com/the-progressive-news-hour


http://sjlendman.blogspot.com/2013/11/deal-in-geneva-hold-cheers.html






Deal in Geneva: Hold the Cheers