Showing posts with label ease. Show all posts
Showing posts with label ease. Show all posts

Thursday, January 16, 2014

Dow, S&P 500 ease as bank earnings disappoint

Dow, S&P 500 ease as bank earnings disappoint
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NEW YORK Thu Jan 16, 2014 7:28am EST





Traders work on the floor of the New York Stock Exchange January 10, 2014. REUTERS/Brendan McDermid


1 of 2. Traders work on the floor of the New York Stock Exchange January 10, 2014.


Credit: Reuters/Brendan McDermid




NEW YORK (Reuters) – Stock index futures were little changed on Thursday after closing at a record high in the prior session, ahead of data on the labor market and earnings from Goldman Sachs and Citigroup.


After a lackluster start to the new year on concerns stock valuations may be extended, the S&P 500 .SPX has risen 1.6 percent over the past two sessions as data indicated an improving economy, soothing concerns in the wake of a disappointing payrolls report last week.


At 8:30 a.m., investors will eye initial jobless claims data for signs of strength in the labor market. Estimates call for weekly claims of 328,000, down slightly from the 330,000 reported last week.


Earnings are due from 12 S&P 500 components on Thursday, including Goldman Sachs Group Inc (GS.N) and Citigroup Inc (C.N). BlackRock Inc (BLK.N) shares gained 3.5 percent to $ 323.75 in light premarket trade after the world’s largest money manager reported fourth-quarter results.


S&P 500 futures fell 1.3 points and were slightly below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures declined 4 points and Nasdaq 100 futures added 3 points.


Data on manufacturing and the housing market is due later in the session at 10 a.m. ET. The Philadelphia Federal Reserve’s gauge of manufacturing activity in the Mid-Atlantic region for January is expected to show a reading of 8.6 versus the 6.4 in the prior month. The National Association of Home Builders housing market index for January is expected to show a 58 reading, equal to the December reading.


Best Buy Co Inc (BBY.N) shares plunged 17.5 percent to $ 31 in premarket trade after the electronics retailer posted holiday sales results and its fourth-quarter outlook.


Apollo Global Management LLC (APO.N) said it would buy CEC Entertainment Inc (CEC.N), the parent of Chuck E Cheese restaurant chain, for about $ 948 million.


European equities edged lower early after climbing to a 5-1/2-year high in the previous session, with poor sales number from Dutch grocer Ahold (AHLN.AS) and a cautious outlook from Dixons (DXNS.L) hurting retailers. .EU


Australian shares .AXJO led the charge higher in Asia, with a gain of 1.2 percent, while MSCI Asia-Pacific ex-Japan Index .MIAPJ0000PUS added 0.1 percent as the dollar rose to a one-week high against the yen.


(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)






Reuters: Business News




Read more about Dow, S&P 500 ease as bank earnings disappoint and other interesting subjects concerning Business at TheDailyNewsReport.com

Wednesday, January 8, 2014

Ease Up On "No Tolerance" Policies, U.S. Agencies Tell Schools


Saying that “zero tolerance” discipline policies at U.S. schools are unfairly applied “all too often,” Secretary of Education Arne Duncan is urging officials to rethink that approach. The Obama administration issued voluntary guidelines today that call for more training for teachers, and more clarity in defining security problems.


The move by the Education and Justice Departments comes after years of complaints from civil rights groups and others who say the policies are ineffective and take an unfair toll on minorities. The zero-tolerance approach has been blamed for boosting the number of suspensions and expulsions, and for equating minor infractions with criminal acts.


“A routine school disciplinary infraction should land a student in the principal’s office, not in a police precinct,” Attorney General Eric Holder said.


You can check out the Education Department’s plan online. It includes guidance that’s aimed at helping teachers enforce rules fairly, as well as resources to “help guide state and local efforts to improve school climate and school discipline.”


Prompted by fears of gang violence and shootings, “zero tolerance” discipline policies have taken hold in many U.S. states and school districts in the past two decades. As a report by the Vera Center On Youth Justice noted in December, some states adopted the polices to qualify for federal education funds.


But the policies have produced uneven results, reports Vera, which notes that in the U.S., “nearly a third (31 percent) of black boys in middle school were suspended at least once during the 2009–10 school year.”


And as NPR’s Claudio Sanchez reports for today’s All Things Considered, thousands of kids were referred to law enforcement, even if their behavior had not been violent.


“Federal government figures show that of the 3 million students who were suspended or expelled during the 2010-11 school year, a quarter of a million were referred to law enforcement, even though 95 percent were for non-violent behavior. The overwhelming majority — seven out of 10 — were black, Latino, or kids with disabilities.”


Today, the new guidelines were welcomed by advocates who have been working to change schools’ approach.


“What is great about what has been released today,” juvenile justice expert Deborah Fowler tells Claudio, “is that they give schools a variety of alternatives that have been proven successful.”


An attorney, Fowler is the deputy director of Texas Appleseed, a group that has worked to break what it calls a “school-to-prison pipeline.” The group has documented the effects of criminalizing wide swaths of students’ undesirable behavior.


Fowler reels off a short list: “Chewing gum in class or talking too loudly, or so many of the things that when I was a kid would’ve been handled with a trip to the principal’s office in Texas and elsewhere.”


Claudio reports that teachers’ groups welcomed the news of the change today – even as they also wondered who would pay for the new training the guidelines suggest.


The federal agencies that proposed changes today aren’t alone in seeing a problem. Last fall, Florida school officials rejected zero tolerance policies in an attempt “to reduce the number of children going into the juvenile justice system,” as NPR’s Greg Allen reported.


In that story, Greg visited one of the nation’s largest school districts, in Broward County, where officials had begun recording data on disciplinary actions and crimes in school.


“In 2010 and 2011, there were more than 1,000 school-related arrests,” he said, “and nearly three-quarters of them were for non-violent misdemeanors.”


And in Clayton County, Ga., changes were made after Juvenile Court Judge Steven Teske noticed a huge rise in school referrals to police – from 89 a year to 1,400 from the late 1990s to 2004, according to the website Safe Quality Schools.


The judge led an effort to work out a new plan, drawing on school officials, police, and the court system.


Under that plan, in which youths get warnings and then go to mediation or training programs, “The presence of dangerous weapons on campuses has decreased by 70 percent,” the site reports.


Safe Quality Schools is part of the Advancement Project. The head of that group, Judith Browne Dianis, tells Claudio that the new federal guidelines should put some school officials on notice.


“No longer should districts look the other way or make excuses for racial profiling in school hallways and in classrooms,” she says.




News



Ease Up On "No Tolerance" Policies, U.S. Agencies Tell Schools

Sunday, December 22, 2013

Asia shares inch ahead, China money rates ease

Asia shares inch ahead, China money rates ease
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SYDNEY Sun Dec 22, 2013 9:33pm EST





Traders work on the floor of the New York Stock Exchange shortly after the market opening December 19, 2013. REUTERS/Lucas Jackson


1 of 5. Traders work on the floor of the New York Stock Exchange shortly after the market opening December 19, 2013.


Credit: Reuters/Lucas Jackson




SYDNEY (Reuters) – Asian stocks inched cautiously higher on Monday encouraged by record highs on Wall Street, though anxiety over a credit squeeze in China has weighed on shares there while adding to pressure on emerging market currencies.


There was some relief when China’s benchmark short-term money rate opened sharply lower at 5.57 percent, which was enough to help Shanghai edge up 0.15 percent .SSEC.


Volumes were very light with Tokyo on holiday on Monday and Christmas almost here. Australia’s main index .AXJO added 0.2 percent while S&P 500 futures gained 0.33 percent.


MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS firmed 0.5 percent.


Sentiment was underpinned by upbeat data on U.S. economic growth and the resilience of stocks to the Federal Reserve’s decision to start scaling back its bond-buying stimulus.


On Wall Street, the Dow Jones .DJI ended Friday up 0.26 percent, while the S&P 500 Index .SPX added 0.48 percent. Europe’s broad FTSEurofirst 300 index .FTEU3 rose 0.45 percent.


The dollar was idling at 104.02 yen on Monday after scoring a fresh 5-year high at 104.64 last week. Dealers cited option barriers at 104.75 and 105.00 as the next target for bulls.


The euro was a shade firmer at $ 1.3681, but well short of last week’s $ 1.3811 peak.


The single currency was only briefly troubled on Friday when Standard & Poor’s cut its supranational long-term rating on the European Union to AA-plus from AAA, citing rising tensions on budget negotiations.


Yields on benchmark 10-year Treasuries were holding at 2.89 percent having risen just 2 basis points last week even as the Fed announced its tapering.


In Asia, all eyes were on China after the country’s central bank sought to allay fears of a cash crunch on Friday, saying it has added $ 50 billion in three days to the interbank market.


Rapid credit growth in the world’s second-biggest economy has worried the Chinese authorities, who fear rising debt levels are fuelling asset bubbles.


The People’s Bank of China (PBOC) injected more than 300 billion yuan into the interbank market in response to rising rates, but hinted that banks have work to do if they want to avoid a cash crunch.


Worries about the banking system contributed to a 2 percent drop in Shanghai shares on Friday.


The combination of Fed tapering and tighter China interest rates could weigh on emerging market currencies and assets, as it did back in June.


Currencies from Indonesia to Malaysia and Thailand all came under pressure last week and even the Korean won lost a little of its strength.


Still, analysts at Deutsche argued that emerging markets (EM) Asia could weather any outflow of capital.


“Asia remains best placed — the reform effort in China and India is significant; and the smaller, more open economies will benefit disproportionately from strengthening demand in the U.S. and Europe,” said Drausio Giacomelli in a note to clients.


“The value of EM as a diversifier will increase once uncertainty about the future of U.S. monetary policy eases into 2014,” he added, noting that emerging markets were just a fraction of the global portfolio at around 3 percent or lower.


In commodity markets, gold has been getting less precious by the day due to the winding back of U.S. stimulus and a general lack of global inflationary pressure.


The metal was pinned at $ 1,202.44 on Monday after carving out a six-month low of $ 1,187.80 last week. If prices stay here the metal would have shed 28 percent this year, the largest annual loss in 32 years.


In contrast, oil prices have been supported by a positive outlook for fuel demand in the United States and reduced Libyan supply. Brent crude was up 7 cents on Monday at $ 111.84 a barrel, on top of gains of almost 3 percent last week.


U.S. oil futures were a single cent lower at $ 99.31. <O/R>


(Editing by Jacqueline Wong)






Reuters: Business News




Read more about Asia shares inch ahead, China money rates ease and other interesting subjects concerning Business at TheDailyNewsReport.com

Saturday, November 16, 2013

Islamist coalition calls for dialogue to ease Egypt"s crisis




CAIRO Sat Nov 16, 2013 1:15pm EST



A poster of ousted Egyptian President Mohamed Mursi is pictured on barbed wires during a protest by his supporters at El-Thadiya presidential palace in Cairo November 15, 2013. REUTERS/Amr Abdallah Dalsh

A poster of ousted Egyptian President Mohamed Mursi is pictured on barbed wires during a protest by his supporters at El-Thadiya presidential palace in Cairo November 15, 2013.


Credit: Reuters/Amr Abdallah Dalsh




CAIRO (Reuters) – A coalition of Islamists said on Saturday it was ready to seek dialogue to end Egypt’s bloody political crisis, on condition that the army-backed government halt a security crackdown.


The public offer was the first of its kind by the group since the violent dispersal of pro-Islamist sit-ins this summer, and it notably did not call for the reinstatement of ousted president Mohamed Mursi of the Muslim Brotherhood.


The most populous Arab state was thrown into turmoil after the army overthrew Mursi on July 3.


It was not immediately clear if the move would be backed by top leaders of the Brotherhood, which is part of the alliance, the National Coalition to Support Legitimacy, or how the military-backed government would respond.


Since hundreds were killed by security forces in the break-up of Islamist protest vigils in August, there has been no sign that either side is willing to open a dialogue to ease the turmoil, which has ravaged investment and tourism.


Saturday’s initiative could signal a willingness by the Brotherhood to pull their supporters off the streets, limiting the chance for confrontation, ahead of another round of mass protests called for this week.


The Coalition said at a press conference that dialogue could occur only if detainees were released and Islamist protesters were allowed to demonstrate peacefully.


It also made the dialogue conditional on an end to “hate campaigns” by the media. It said that satellite channels that broadcast Islamist views must be allowed back on air.


State and private media have been in lockstep with the military-backed authorities since Mursi’s overthrow, helping to whip up a public frenzy against the Brotherhood and its supporters.


TWO-WEEK WINDOW


Mohamed Ali Bishr, a Brotherhood leader who represented the group in meetings with Western diplomats as they attempted to negotiate an end to the sit-ins before they were broken up, said the dialogue offer was “limited to two weeks”.


Bishr, one of the few Brotherhood leaders not in jail, is seen as someone who could possibly negotiate with the military-backed authorities.


The government has unleashed a fierce crackdown against the Brotherhood since Mursi’s overthrow, arresting thousands of its members, including Mursi and most of its top leaders.


It has accused the Brotherhood of carrying out terrorist acts and said it would only be welcome in politics again if it renounced violence.


The group has been banned, and a panel of judges on Saturday recommended that its political wing, the Freedom and Justice Party, be dissolved.


The Brotherhood, for decades a non-violent underground movement, denies espousing the use of force and says the army staged a coup and undermined democratic gains made since a popular uprising toppled autocrat Hosni Mubarak in 2011.


It remains to be seen whether either the government or the top Brotherhood leaders, who have rejected dialogue outright and insist that Mursi remains the legitimate president, might be ready to compromise.


“It could be a turning point in the crisis if it was taken seriously by the government,” said Khail al-Anani, senior fellow at the Middle East Institute in Washington.


“This is the first time for the coalition to implicitly remove the requirement of reinstating Mursi,” he said. “It can give a small window for negotiation.”


If the initiative gains traction, it might result in the Brotherhood suspending street protests and limiting the scope for confrontation. A state of emergency and nightly curfew, declared after Mursi’s overthrow, were ended on Thursday.


Western allies want the government to create an inclusive political process to bring stability to Egypt, which has a peace treaty with Israel and controls the strategic Suez Canal.


(Writing by Maggie Fick; Editing by Michael Georgy and Kevin Liffey)





Reuters: Top News



Islamist coalition calls for dialogue to ease Egypt"s crisis

Sunday, August 25, 2013

Calif City Looks to Seize Loans to Ease Mortgages


When the mayor of Richmond, Calif., and a gaggle of activists and homeowners showed up at the Wells Fargo Bank headquarters in downtown San Francisco this month, they were on a mission to speak with the bank’s chief executive.


They wanted the bank to drop a lawsuit aimed at stopping Richmond’s first-in-the-nation plan to use the government’s constitutional power of eminent domain to “seize” hundreds of mortgages from Wells Fargo and other financial institutions.


As Mayor Gayle McLaughlin and the plan’s backers approached the bank building, security guards locked the doors. After a bank official told her there would be no meeting then and that someone would call her later, she grabbed a bullhorn.


“I am absolutely not backing down,” McLaughlin said, as curious tourists and lunching office workers milled about.


Wells Fargo, three other banks and even the Federal Housing Finance Agency think otherwise.


The banks have filed two lawsuits alleging that the plan is an illegal abuse of eminent domain, which allows governments to seize private property for public use — like a house in the path of a new highway or a piece of land needed for a new park.


The banks argue the plan would “severely disrupt the United States mortgage industry” because many other cities would likely adopt the same program to help homeowners who owe more on their mortgages than their houses are worth.


So far, Richmond has sent out more than 600 offers, but has not yet begun any eminent domain proceedings. Newark, N.J., North Las Vegas, Nev., El Monte, Calif., and Seattle are considering similar plans, according to Wells Fargo’s lawsuit.


While the housing industry is recovering slowly, Richmond, a city of roughly 100,000 people, is in the middle of a housing crisis, as plummeting home values and rising crime has left many worried that an era of urban blight is upon them.


McLaughlin said cities are considering the program because they are desperate. Nearly half the mortgages in Richmond, for example, are “underwater,” where the owner owes more than the house is worth.


The plan is the brainchild of Cornell University law school professor Robert Hockett and here’s how it works:


“The fact of the matter is that underwater loans do default at massive rates,” Hockett said. “Underwater loans are a major drag on the economic recovery. We have got to do something.”


Richmond, working with San Francisco-based Mortgage Resolution Partners, offers $ 150,000 to buy a $ 300,000 bank loan on a house that is now worth $ 200,000 and is in danger of foreclosure.


If the bank agrees, the city and the company then obtain the loan at $ 150,000. Richmond and the company then offer the homeowner a new loan of $ 190,000, which, if accepted, lowers the monthly payments and improves the owners’ chances of staying.


In such transactions, the company receives $ 4,500 for each completed sale and splits any additional profits with the city.


If the bank refuses to sell the loan to Richmond, then the city invokes its power of imminent domain and seizes the mortgage. It would then offer the bank a fair market value for the home.


Mortgage Resolution Partners, the company partnering with the city, puts up the money and had promised to pay all Richmond’s legal costs. City officials have not said how many homes they hope to refinance through eminent domain.


McLaughlin is a Green Party candidate who beat back opposition from the city’s police and fire unions to win a second term in 2010.


She said she fears homeowners will begin to abandon their homes, leading to blighted neighborhoods and the draining of public coffers to the point of municipal bankruptcy experienced by Stockton, Calif., and Detroit.


“The city is stepping in where Wall Street and where the federal government have been unable or unwilling to do so,” she said.


Federal regulators said eminent domain isn’t the answer. The Federal Housing Finance Agency said plans to seize loans “present a clear threat to the safe and sound operations Fannie Mae, Freddie Mac and the Federal Home Loan Banks.”


Tim Cameron, a Washington, D.C., lobbyist with the Securities Industry and Financial Markets Association, said there is more at play than a single person’s underwater loan.


Cameron said pension funds, banks and other groups that made loans in Richmond stand to lose millions of dollars if the city is allowed to use eminent domain to force lenders into accepting less than the original terms of the loan.


He also predicted that cities using eminent domain will make lenders wary of doing business there.


“There’s a domino effect in play here,” he said.


© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




Newsmax – America



Calif City Looks to Seize Loans to Ease Mortgages

Saturday, August 10, 2013

Six Questions the FBI Should Answer to Ease Public Skepticism About the Boston Marathon Bombings



As law enforcement agencies like the FBI grow increasingly furtive, under cover of the surveillance state, citizen gumshoes take to the Internet to wheedle out clues and evidence.








The following content first appeared on WhoWhatWhy

 

A glib article published in theBoston Globe on July 27 suggested that those who question the opaque law enforcement narrative about the Boston Marathon bombing have a screw loose.


“There are those,” the writer begins, ”who believe the bombs and blood were staged, the amputees and others injured were actors in some kind of Hollywood production designed to justify martial law.”


David Abel’s lead is a splendid Straw Man ploy: dismiss an idea by seizing upon an absurd exaggeration, like looking at a reflection in a funhouse mirror.


For validation, Abel quotes Jeanne Kempthorne, a Massachusetts criminal defense lawyer who worked from 1992 to 2003 as an assistant U.S. attorney in Boston. She slapped aside skeptics.


“It’s just human nature,” Kempthorne told the paper. “There will always be flat-earthers or grassy knoll types, people who will go to great lengths to dispute the obvious or find conspiracies or come up with evidence-free speculation.”


But what she calls evidence-free speculation others call collaborative deduction.


A fast-forward evolution is happening in criminal justice as citizen gumshoes use the Internet and social media to wheedle out clues and, yes, even evidence.


In one instructive example, a blogger named Alexandria Goddard used evidence collected from social media to help expose the sexual assault of a 14-year-old girl last summer in Steubenville, Ohio.


“The authorities” view this as meddling by amateurs. But online gatecrashing by “grassy knoll types” is certain to increase as law enforcement agencies like the FBI, once viewed as virtually infallible, have grown increasingly furtive, under cover of the surveillance state.


We asked Martin Garbus, one of the country’s premier constitutional attorneys, about the issue of public trust for law enforcers. He suggested that Americans have been taught a lesson by recent revelations of wholesale spying on citizens by the National Security Agency.


“There is no more reason to think that the FBI will do the right thing,” Garbus told us, “than there is to think that the NSA will do the right thing.”


William Keating seems to agree, and he doesn’t seem like a kook. He is a Democratic U.S. Congressman who represents southeast Massachusetts, including Cape Cod, New Bedford and Plymouth. But he has respectful skepticism about law enforcement, learned on the job.


Like Kempthorne, Keating is a former prosecutor, having served 12 years as district attorney for Norfolk County, Massachusetts, before he was elected to Congress in 2010. He is a member of both the House Homeland Security and Foreign Affairs committees.


For three months, Keating has doggedly pursued answers about the Boston bombing from the FBI. He wants to know when the FBI recognized that Tamerlan Tsarnaev, the dead bombing suspect, was a threat to national security and why it did not share its intelligence with the Boston Police Department and other law enforcement agencies.


It would be charitable to describe the Bureau’s response as “less than forthcoming.”


So on July 31, Keating sent a wrathful three-page, 1,200 word letter letter to James Comey, the newly confirmed FBI director, demanding answers to seven questions related to the bombing investigation. Keating, who traveled to Russia in late May to investigate the case on his own, said he found the Russian intelligence agency, the Federal Security Service, to be more forthcoming than the FBI.


Keating complained that the FBI has three times declined invitations to appear before the House Homeland Security Committee to answer questions publicly. And in an Orwellian plot twist, FBI officials replied the next day–but not by contacting Keating. They planted a response in the New York Times.


The story begins, “The F.B.I. has concluded that there was little its agents could have done to prevent the Boston Marathon bombings, according to law enforcement officials, rejecting criticism that it could have better monitored one of the suspects before the attack.”


In other words, no mistakes were made.


Unnamed agency officials told the newspaper that the FBI has no intention of conducting an internal investigation. Nor, apparently, does it intend to cooperate with Keating’s committee.


If the congressman was seething when he sent the letter to Comey, he must have been apoplectic when he saw the response in the Times—by agency officials who were allowed by the newspaper to push back against the people’s representatives while remaining anonymous.


This has become a pattern for the FBI. Information is channeled without specific attribution through the major media, especially via John Miller, a CBS correspondent who once served as the agency’s spokesman. Often, the information has been flatly wrong.


One example was the New York Times’ report on April 22 about the weapons used by the Tsarnaev brothers, Tamerlan and Dzhokhar. One paragraph read:


“Along with determining that the suspects had made at least five pipe bombs, the authorities recovered four firearms that they believe the suspects used, according to a law enforcement official. The authorities found an M-4 carbine rifle — a weapon similar to ones used by American forces in Afghanistan — on the boat where the younger suspect was found Friday night in Watertown, Mass.”


The same story cited a “senior United States official” as describing a gunshot wound to Dzhokhar Tsarnaev’s neck as “close-range, self-inflicted style.”


Two days later, an Associated Press story—again citing unnamed officials—reported that the brothers had had a single gun, a 9mm pistol, and that Dzhokhar Tsarnaev was unarmed as local, state and federal law enforcers peppered his boat hideout with dozens of shots.


The April 22 story in the Times was corrected twice. One error concerned the geographic relationship of Watertown to Boston. The second clarified the use of the Miranda Warning exception used in the case. But the totally fallacious inventory of weapons was not corrected, and those details are still found in the electronic version of the story in the Times archive.


In fact, mistakes were made. Lots of them—and on more than a few significant aspects of the story.


But do such details really matter?


If you believe in the infallibility of the FBI, probably not. (The agency regards itself as infallible, as this perceptive –dare one say “skeptical”?– New York Times story about the FBI’s remarkable perfect record of faultlessness in agent-involved shootings dating to 1993.)


But the Boston Marathon bombing investigation has bloomed into a complex filigree of related inquiries—from the unsolved triple murder in 2011 in drowsy Waltham, Mass., to the rare “shelter-in-place” order and live-TV posse search for Dzhokhar Tsarnaev on April 19, to the puzzling FBI-agent shooting death in Florida of an unarmed friend of the Tsarnaevs who might have been able to answer crucial questions–had he lived.


Yes, details matter because they often can reveal larger truths.


So WhoWhatWhy joins flat-earthers like the American Civil Liberties Union and Congressman William Keating in asking questions that deserve answers.


1.  If Russia recognized Tamerlan Tsarnaev as a potential security threat, why didn’t the FBI?


In March 2011, Russian security officials asked the U.S. to help determine whether Tsarnaev had gone radical. The agency did a cursory investigation, and then dropped it. In a justification published in the New York Times on Aug. 1, unnamed officials said the FBI had absolved itself of any missteps in “several internal reviews.” The agency also has claimed it was prevented by law from delving further into Tsarnaev’s activities.
A point of contrast concerning what the authorities can do, inside or outside the law: On July 31, six law officers showed up at the Boston-area home of Michelle Catalano because members of her family had Googled the terms “pressure cooker” and “backpack.” It turns out they had been shopping online.


2.  How was Ibragim Todashev killed, and how has an FBI agent-involved shooting related to a high-profile terrorist bombing managed to become a state secret?


In an April 22, 2013, missive from the Russian FSB to the FBI, Ibragim Todashev’s name appeared under the heading “matters of significance.” He was a friend of Tamerlan Tsarnaev. One month later, on May 22, Todashev was shot and killed in his Orlando apartment by a Boston-based FBI agent.


The first gauzy explanation was channeled through John Miller of CBS, the agency’s former mouthpiece. As the story evolved, we were told that Todashev was armed with a knife. Or a broomstick. Or that he was unarmed—but that a samurai sword was hanging on the wall. The agent, who has never been publicly identified, fired five or six shots. A Massachusetts state trooper who was with him did not fire once. The Florida medical examiner’s office refused to release the autopsy report, by orders of the FBI.


Civil libertarians have demanded an accounting. As Howard Simon, executive director of the ACLU of Florida put it, “Secrecy fosters suspicion.”


Two points: If Todashev was considered a threat (and he should have been), informal questioning in the unsecured surroundings of the suspect’s own apartment was a glaring investigative mistake.  Second, the case highlights, once again, a fundamental lack of accountability for federal law enforcement entities. State and local police agencies are held accountable to the elected officials who hire and fire the top administrators and set budgets. Unless there is pressure from Washington politicians, the FBI can stave off public inquiries with virtual impunity—as in this case.


3.  How did the Waltham, Mass., Police Department and Massachusetts State Police go so wrong in its investigation of the triple murder in which Tamerlan Tsarnaev and Todashev were later implicated?


On Sept. 11, 2011, Brendan Mess, Erik Weissman and Raphael Teken were found dead in a house at 12 Harding Ave. in Waltham, a city of 60,000 west of Boston.  Their throats were slit, and cash and marijuana were sprinkled on the bodies.


It should have been a high-priority crime in Waltham, where triple murders are about as rare as Halley’s Comet. Officials believed the victims knew their killers. Tsarnaev was a close friend of Mess’s and a frequent visitor to the Harding Avenue house.


Friends and loved ones of the victims have said they pointedly told police investigators to question Tsarnaev. The suggestions should have been unnecessary; it is template detective work to interview those closest to murder victims. But no cop ever questioned Tsarnaev about the murders. Why?


4.  Who opened fire on the boat in Watertown, and why?


Amid the chaotic search for Dzhokhar Tsarnaev on April 19, David Henneberry alerted police that a bloody person seemed to be secreted in a drydocked boat in his backyard, at 67 Franklin St. in the Boston suburb of Watertown.


Officers from Boston police, Massachusetts state police and the FBI “set up a perimeter,” as Boston Police Commissioner Ed Davis put it, then “exchanged gunfire” with Tsarnaev for about an hour. Much of the action was viewed and heard on live television, included the reports of flash-bang percussion grenades.


Photos showed about 40 bullet holes in the port side of the 22-foot boat. The shot pattern was clustered toward the middle of the boat, precisely the spot where the helicopter imaging had shown him lying.


When a bloody Tsarnaev finally emerged, the media reported that he had been hunkered down with a small arsenal—including an M-4 rifle, as a Washington source told the New York Times—and that he had apparently shot himself in the neck. That was all wrong, it turned out.


In most cases, a law enforcement shooting siege against an unarmed person leads to a weapons-discharge investigation. Will that happen in this case?


5.  Will Danny the Carjack Victim ever emerge from the shadows and tell his story publicly?


American crime heroes usually end up on the sofa at NBC’s “Today” show. But Danny has shied from the true-crime klieg lights, appearing in shadow with a fuzzed-up voice with both Today’s Matt Lauer and CBS’s Miller—after sitting with the Boston Globe, in an interview brokered by Jamie Fox, a Northeastern University criminology professor.


Is something stopping Danny from stepping into the sunshine and enjoying his media star turn?


6.  Why was Sean Collier, the Massachusetts Institute of Technology police officer, killed?


Collier was shot and killed at about 10:20 p.m. on Thursday, April 18, as his sat in a patrol car near Vassar and Main streets on the nearly empty MIT campus in Cambridge. The public has been told that his assailants were almost certainly the Tsarnaev brothers, but produced no rationale or proof. WhoWhatWhy’s Russ Baker explored some of the questions about that particular component of this investigative labyrinth.




 


 

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Six Questions the FBI Should Answer to Ease Public Skepticism About the Boston Marathon Bombings

Friday, May 3, 2013

Solid job gains in April ease fears about economy

WASHINGTON (AP) — The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April — and far more in February and March than anyone thought.
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Solid job gains in April ease fears about economy