Archive for the ‘Top Stories’ Category

Mexico sacks ‘power abuse’ official

Thursday, May 16th, 2013

Mexican President Enrique Pena Nieto has fired a senior official over an incident caused by his daughter at an exclusive restaurant last month.

Humberto Benitez Trevino's daughter caused outrage by using his influence to try to close down the bistro after it did not give her a table she wanted.

The episode sparked a discussion about abuse of power in the country.

The sacking suggests that Mexico has grown more sensitive to the issue, correspondents say.

The episode became a trending topic on Twitter under the hashtag #ladyprofeco, after her father's agency.

Mt Benitez, the attorney-general for consumer protection, and his daughter both apologised, but this did little to appease public anger.

On Wednesday, President Pena Nieto ordered his dismissal.

The restaurant, Maximo Bistro in Mexico City, was raided by officials after Andrea Benitez was not offered the table she had asked for.

The government said that although Mr Benitez was not personally involved in the raid, the episode had become embarrassing for the institution.

© 2011 BBC News (www.bbc.co.uk)

Syrian refugees could hit 40% of Jordan population – Jordan Foreign Minister

Tuesday, May 14th, 2013

Published May 9th, 2013 – 10:40 GMT via SyndiGate.info

The number of refugees pouring into Jordan could make up 40% of the country’s population by mid-2014, according to Jordanian Foreign Minister Nasser Judah on Thursday.

“We have 10 percent of our population today, in the form of Syrian refugees, it is expected to rise to about 20 to 25 percent given the current rates by the end of this year, and possibly to about 40 percent by the middle of 2014,” Judeh said in a meeting with US Secretary of State John Kerry at talks in Rome.

© 2011 Al Bawaba (www.albawaba.com)

China media: Taipei-Manila deadlock

Tuesday, May 14th, 2013

Media continue to debate how Taipei can end a stalemate with the Philippines over the fatal shooting of a Taiwanese fisherman last week.

Taiwan's Central Daily News expresses confidence that the dispute over fishing rights will be resolved bilaterally and urges Taipei to wait for the Philippines to respond to the ultimatum deadline today before stepping up pressure.

However, China Times foresees little chance of the Philippines conducting a "credible and impartial investigation" or issuing an adequate formal apology.

It urges the Taiwan government to seek international arbitration over the disputed waters and for the navy to drive away or even "destroy" any Philippine vessels threatening Taiwanese fishermen if Manila fails to satisfy Taipei's demands.

Liberty Times shifts ultimate blame to Beijing's "international blockade" against Taiwan for emboldening countries like the Philippines.

Over in mainland China, the media are incensed over the "smiling" faces of Philippine President Benigno Aquino and presidential palace deputy spokeswoman Abigail Valte when explaining that the Taiwanese fishing vessel had been fishing illegally and had ignored the Philippine coast guard's warning shots.

China Central Television ran a headline, "Insincere, incompetent – Philippines' response to crisis inadequate", in its coverage of their press briefing yesterday.

"Enraging", Southern Metropolis Daily calls Ms Valte's "smile".

Oriental Daily News and other Hong Kong newspapers recall how Mr Aquino also appeared to be smiling when responding to a botched rescue of Hong Kong tourists taken hostage by a gunman in Manila in 2010, which led to the deaths of eight Hong Kong citizens.

"Another infuriating smile", reads a Sing Tao Daily editorial. It says the "frivolous smiles" of top Philippine officials will fail to ease the indignation of Taiwanese.

Turning to Japan, Global Times says Prime Minister Shinzo Abe's stance on disputed islands known as Senkaku in Japan and Diaoyu in China is likely to inflict greater damage than former leader Junichiro Koizumi on Sino-Japanese relations.

It notes that Mr Koizumi "did not make a big fuss" on territorial disputes and that his visits in 2001 and 2002 to the Yasukuni Shrine, which marks Japan's war dead including convicted war criminals, did not derail economic ties or dramatically escalate security tensions.

An angry public are demanding severe punishments for a primary school headmaster and a housing authority official who were detained after allegedly abducting and molesting six schoolgirls from another primary school in hotel rooms in Wanning city, Hainan, last Wednesday and Thursday.

Xinhua says authorities will conduct another forensic test after initial results showed the suspects did not have sexual intercourse with the girls.

The Beijing News says China urgently needs to break taboos on tackling sexual assault involving minors. It says a teacher in Longxi County, Gansu, was handed a suspended death sentence only a few days ago for the sexual assault of eight underage girls.

Beijing Times says the public is demanding more "convincing" information on the extent of the sexual assault inflicted on the girls and whether other suspects were involved.

Mainland media are also shocked at how a high school student in Zhoukou, Henan, hired two "hit-men" on the internet to kill his father and elder sister on Sunday.

The son allegedly took revenge against the strict discipline regime the pair imposed on the boy, Zhengzhou Evening News reports.

Global Times hails the power of internet users in exposing alleged corruption among officials, including economic planning official Liu Tienan, who was removed from his post yesterday for "alleged grave violations of discipline".

Former district party boss in Chongqing, Lei Zhengfu, was formally prosecuted on 10 May for accepting bribes in a sex tape extortion scandal that has led to the downfall of many Chongqing officials, including nine undisclosed sackings, The Beijing News says.

Also in Chongqing, Tang Jianhua, a former deputy police chief, who was once lauded as a crusader against organised crime, has been dismissed from the Communist Party and his post for allegedly accepting bribes of 16.95m yuan ($2.76m; £1.8m) in bribes and rewards worth some 90,000 yuan, Southern Daily reports.

BBC Monitoring reports and analyses news from TV, radio, web and print media around the world. For more reports from BBC Monitoring, click here. You can follow BBC Monitoring on Twitter and Facebook.

© 2011 BBC News (www.bbc.co.uk)

Dr. Joyce Brothers dies

Tuesday, May 14th, 2013

Do you have memories of Joyce Brothers on television? Please share them on iReport or in our comments section below.

“She passed away peacefully and in her home … with her family all around her,” Lisa Brothers Arbisser said.

Brothers, whose charming, reassuring demeanor appealed to television audiences, became a television star as a game show contestant, a sports interviewer, then as a psychologist answering audience questions about relationships and other emotional subjects.

She grew her fame as a frequent guest on television talk shows and as an advice columnist for Good Housekeeping magazine for four decades and for newspapers throughout the United States.

How it unfolded

Tuesday, May 14th, 2013

Watch CNN’s exclusive interview with Ariel Castro’s brothers starting Monday at 5 a.m. ET on “Early Start.”

Though she was 21, Knight became easily confused by her surroundings. Still, no one thought twice about her visiting family on that day in August 2002.

Her mother believed that she suffered a mental disability. Even knowing that, what could go wrong? After all, the cousin lived near Lorain Avenue. But that day would be the last time the mother ever saw Knight.

Her grandmother believed Knight just walked out of their lives, she told the Cleveland Plain Dealer newspaper. But not her mother. She knew her daughter was troubled by the loss of custody of her son — but to never call home again, even to check in?

Society forgot about Michelle Knight, but her mother didn’t: Barbara Knight papered Cleveland’s west side with posters about her missing daughter.

Iceland country profile

Tuesday, May 14th, 2013

A sparsely-populated North Atlantic island, Iceland is famous for its hot springs, geysers and active volcanoes. Lava fields cover much of the land and hot water is pumped from under the ground to supply much of the country's heating.

By the beginning of the 21st century, Iceland had come to epitomise the global credit boom. Its banks expanded dramatically overseas and foreign money poured into the country, fuelling exceptional growth.

Before the global credit crunch took hold, Icelandic banks had foreign assets worth about 10 times the country's GDP, with debts to match, and Icelandic businesses also made major investments abroad.

The global financial crisis of 2008 exposed the Icelandic economy's dependence on the banking sector, leaving it particularly vulnerable to collapse.

In October 2008, the government took over control of all three of the country's major banks in an effort to stabilise the financial system. Shortly after this, Iceland became the first western country to apply to the International Monetary Fund (IMF) for emergency financial aid since 1976.

The economy shrank by 6.8% in 2009, although since the end of 2010 it has recovered steadily, with growth averaging 2.5% per annum and unemployment falling to just below 5%.

In the long term, Iceland's well educated workforce and its extensive and as yet largely untapped natural resources are likely to provide the key to its recovery from the economic crisis, though concerns have been raised over the potential environmental impact of developing the latter.

Environmentalists have protested that a major aluminium smelter project and associated geothermal and hydroelectric schemes were being pushed through at the expense of fragile wildlife habitats.

The country has extended its territorial waters several times since the end of the 1950s to protect its fishermen and their main catch of Atlantic cod from foreign fleets.

Traditionally a whaling nation, Iceland abandoned the practice in 1989 in line with an international moratorium. It later resumed scientific whaling, intended to investigate the impact of whales on fish stocks, and in 2006 it announced a return to commercial hunts. The move was condemned by environmental groups.

Although it has no armed forces, Iceland is a member of Nato, and US troops were stationed in the country from World War II until 2006. In 1985 Iceland declared itself a nuclear-free zone.

Icelanders have for a long time been resistant to the idea of joining the European Union, though the country is a member of the Schengen border-free travel zone and the European Free Trade Association (EFTA).

Attitudes towards the EU slowly softened, and in July 2009 the country formally applied for EU accession.

The government hopes that the path to EU membership will be completed by 2012, but there are a number of obstacles that could disrupt this timetable.

A debt dispute with Britain and the Netherlands arising from the 2008 collapse of the Icelandic banking sector looked close to resolution in early 2013, when a European court cleared the government of failing to guarantee minimum levels of compensation for British and Dutch savers in the Icesave bank.

The debt issue led many Icelanders to question whether EU membership was such a good idea after all, and an opinion poll conducted shortly before formal accession talks began in July 2010 showed that a majority was in favour of withdrawing the country's application.

The election of a conservative and Eurosceptic coalition in 2013 confirmed this trend.

Other areas that have the capacity to derail the negotiations are Iceland's whale hunting industry and its insistence on maintaining its fishing limits – an issue that precipitated the "Cod Wars" of the 1950s and 1970s.

Iceland's announcement that it was unilaterally increasing its mackerel fishing quota for 2011 by nearly 17,000 tonnes looked set to increase tensions with the EU and Norway.

© 2011 BBC News (www.bbc.co.uk)

No sign of 2 passengers believed to have fallen off cruise ship

Monday, May 13th, 2013

The 30-year-old man and 27-year-old woman were reported missing when the Carnival Cruise ship Spirit docked in Sydney on Thursday morning, CNN affiliate Seven Network reported. The first clue came when they didn’t claim their luggage.

Maritime officers reviewed surveillance video from the ship and determined that Paul Rossington and Kristen Schroder went overboard Wednesday night. Authorities believe the couple fell about 150 kilometers (93 miles) off Foster, New South Wales.

“We believe that they were up mid-deck, which is halfway up the side of the ship, which is quite a way to fall,” said Detective Superintendent Mark Hutchings of the New South Wales Police Marine Area Command.

Read more: Carnival cruise line in more troubled waters

Late Friday afternoon, New South Wales police said they called off the search after finding no sign of the couple. The search, involving an Australian navy ship, the police force’s marine unit and the Australian Maritime Safety Authority, covered 1,360 square nautical miles, they said.

The couple was sharing a cabin and traveling with family and friends on a 10-day Pacific Island cruise. Police said they are investigating the fall.

Schroder’s family issued a statement thanking “everyone involved in the search for both Paul and Kristen.”

“We would appreciate privacy and understanding while we come to terms with our beautiful girl’s tragic accident,” the family said.

Carnival has been plagued by a series of high-profile incidents recently.

In February, an engine room fire left the Carnival Triumph adrift in the Gulf of Mexico, with passengers reporting overflowing toilets and human waste running down the walls in some parts of the ship.

On a March cruise, the Carnival Dream lost power, and some toilets stopped working.

CNN’s Tina Burnside, Ric Ward and Alden Mahler Levine contributed to this report.

Los retos económicos de Estados Unidos a largo plazo

Monday, May 13th, 2013
[image]

Getty Images/AFP Creative

La Casa Blanca.

Los temas marcados como “urgentes” en la agenda económica del presidente Barack Obama son abrumadores. Se verá tentado a empezar por arriba e ir bajando: evitar el llamado “abismo fiscal”, llenar vacantes en su gabinete, abrir el diálogo con los nuevos líderes de China y persuadir a Europa para que no caiga en el suicidio económico.

Sin embargo, tras festejar su reelección, sería sabio de Obama considerar unos asuntos que serán esenciales para la prosperidad de Estados Unidos durante la próxima década, un lujo que no se pudo dar al principio de su primer mandato debido a la crisis financiera global. Hoy sí puede. A continuación, cuatro temas pendientes a largo plazo.

Last August, President Obama and Congress put the U.S. economy on course to go over a “fiscal cliff.” WSJ’s David Wessel tells you everything you need to know about the “cliff” but were afraid to ask.

La verdadera solución fiscal

Evitar el abismo fiscal es importante. Los abruptos recortes de gastos y aumentos de impuestos —que entrarían en vigencia de forma automática en enero— no sólo arrastrarían a la ya debilitada economía a una recesión, sino que también convencerán al público y a los mercados de que Washington es realmente disfuncional.

El déficit presupuestario no es el problema económico de hoy. El gobierno estadounidense vende US$3.000 millones en bonos todos los días laborales y paga la tasa de interés más baja de la historia. El problema del presente es el desempleo.

El déficit es el problema de mañana: gastar en prestaciones prometidas excederá con creces el ingreso tributario previsto incluso después de que la economía se recupere. Esto, concuerdan demócratas y republicanos, es insostenible. Hacer algo hoy que reduzca el déficit de 2016 es más importante que reducir el rojo de 2013.

También es importante cómo se reduce el déficit. El presidente de la Reserva Federal, Ben Bernanke, ha aconsejado evitar demasiada austeridad muy pronto, cuidar la frágil recuperación y promulgar leyes hoy para reducir el endeudamiento en el futuro.

Otro punto: el gasto del gobierno debería concentrarse en inversiones en capital humano y físico que den resultados, lo que significa destinar menos de lo proyectado a prestaciones de jubilación y salud.

Empleos y salarios

EE.UU. tiene un problema grave de desempleo. Alrededor de 3,6 millones de estadounidenses están desocupados desde hace un año o más. Casi uno de cada cinco hombres de entre 25 y 54 años no tiene trabajo. Las políticas fiscal y monetaria deberían ser calibradas para que más de estas personas regresen a trabajar antes de que se vuelvan permanentemente ineptos para un empleo.

[image]

Sin embargo, EE.UU. tenía un problema de sueldos incluso antes de la recesión de 2007-2009. El hombre promedio entre 25 y 65 años ganó US$40.081 en 2011, cerca de 16% menos que en 1999, en términos reales. A las mujeres les fue un poco mejor, ya que ganaron US$30.061, o 4% más que en 1999.

Un crecimiento económico más rápido es una condición necesaria pero probablemente insuficiente para que los salarios vuelvan a subir. Como han documentado los economistas David Autor y Frank Levy del Instituto Tecnológico de Massachusetts (MIT), los empleos de ingresos medios que pueden ser fácilmente automatizados o trasladados al extranjero están desapareciendo, y con ellos los sueldos de la clase media.

Ascenso social

Los próximos cuatro años serán más productivos si comienzan con un reconocimiento de que la brecha entre los ganadores y los perdedores en la economía estadounidense se ha estado ampliando. Detrás del cambio hay razones, incluidas las fuerzas del mercado, el avance de la tecnología, la globalización y las cambiantes costumbres sociales. La distancia entre el penthouse y la planta baja se ha ampliado, pero los escalones que permiten el ascenso, como la educación, no han mejorado conmensurablemente.

Cambio climático

El cambio climático no fue un tema de la campaña presidencial. Aun así, eso no significa que pueda ser ignorado en los próximos cuatro años, un reto para un sistema político que tiene problemas para ver más allá del corto plazo y la próxima elección.

Estos cuatro temas tienen algo en común: no hay un consenso sobre cómo deben abordarse, cómo reducir el déficit sin estancar la recuperación, cómo crear más empleos para la clase media y promover el ascenso social, y cómo responder al cambio climático.

Los republicanos y los demócratas tienen diferentes recetas, y las elecciones no cambiaron eso, lo que deja sólo dos opciones: llegar a un acuerdo o estancar el diálogo.

© 2011 Wall Street Journal (www.wsj.com)

México: afirman que la reforma financiera incentivará a los bancos a prestar más

Monday, May 13th, 2013

CIUDAD DE MÉXICO- El gobierno mexicano planea establecer incentivos, concesiones y sanciones para estimular a los bancos locales a otorgar más préstamos, a tasas más baratas y a una mayor cantidad de personas, como parte de una extensa reforma que busca apuntalar la débil expansión económica del país.

El gobierno del presidente Enrique Peña Nieto, quien asumió el cargo en diciembre, considera la falta de créditos bancarios como uno de los obstáculos al crecimiento de la economía, que ha alcanzado un promedio de solo 2,5% en la última década.

Bloomberg News

El presidente de México, Enrique Peña Nieto.

De acuerdo a la propuesta de reforma financiera, a cuyo borrador tuvo acceso Dow Jones, el gobierno no exige menores tasas de interés sobre los préstamos, pero insiste en que los bancos deben poner a trabajar más de su capital a través de créditos. La propuesta también incluye una agenda social que busca estimular los créditos a segmentos de menores ingresos y pequeñas empresas.

Se espera que la propuesta se presente en los próximos días, aunque no se ha fijado una fecha, según la Secretaría de Hacienda.

El financiamiento del sector privado como porcentaje del producto interno bruto de México es de alrededor de 26%, según cifras del gobierno y del Banco Mundial, muy por debajo de sus pares internacionales. Los préstamos bancarios al sector privado como proporción de los activos también son bajos, al situarse en 46%. Sin embargo, los bancos están bien capitalizados. Al 1 de enero, todos los bancos mexicanos cumplían con la primera etapa de los requisitos mínimos de capital de Basilea III, mucho más adelantados que la mayoría de los pares internacionales.

En el caso de las pequeñas y medianas empresas, que representan 74% del empleo en México, dicho sector corresponde a solo 15% del crédito bancario, según la propuesta de reforma. La mayoría de estas empresas solo puede obtener financiamiento a través de canales informales y de alto costo.

Standard & Poor’s atribuye gran parte de la falta de crédito a la vasta fuerza laboral informal de México, ya que cerca de 60% de los empleos se pagan con efectivo. Altas tasas de morosidad, pocas consecuencias en caso de no pago y un difícil ambiente legal para los cobros también frenan el crédito en el país.

La propuesta contempla la creación de una oficina universal de crédito para que los bancos puedan evaluar de mejor forma el riesgo crediticio.

Los grandes bancos mexicanos son reacios al riesgo debido a experiencias pasadas con altos niveles de morosidad.

La iniciativa también señala que las altas participaciones de mercado de los grandes bancos del país limitan el acceso al crédito, y destaca que 74% de los préstamos corresponden a los cinco mayores bancos de la nación.

Los dos principales bancos son filiales del español Banco Bilbao Vizcaya Argentaria SA

y el estadounidense Citigroup Inc.,

los cuales en conjunto controlan 39% de los depósitos bancarios del país. El banco mexicano Grupo Financiero Banorte SAB, Grupo Financiero Santander México SAB y la filial mexicana de HSBC Holdings

PLC completan la lista de las cinco mayores instituciones bancarias.

Asimismo, el crédito se ve frenado por la falta de certidumbre a la hora de cobrar préstamos en mora, por lo que el proyecto también apunta a la creación de tribunales especializados que se dedicarán a recuperar activos, para acelerar el pago de créditos impagos, y ayudar a los bancos a tomar posesión de garantías.

Además, el proyecto de ley también busca fortalecer la protección para los clientes de los bancos. Establece un marco para una supervisión periódica de estos que garantice que sus niveles de crédito son adecuados, junto con habilitar al regulador del sector, la CNBV, a restringir las actividades bursátiles con fondos propios de una entidad bancaria si se descubre que esta presta poco dinero.

-Santiago Pérez contribuyó a este artículo.

© 2011 Wall Street Journal (www.wsj.com)

EPA and American Rivers Announce Preservation of 135 Acres of Forestland in Adams County, Pa

Sunday, May 12th, 2013

Release Date: 04/19/2013Contact Information: Bonnie Smith smith.bonnie@epa.gov (215) 814-5543

BIGLERVILLE, Pa. (April 19, 2013) — The U.S. Environmental Protection Agency and American Rivers today announced that the Land Conservancy of Adams County will permanently preserve 135 acres of forest through a conservation easement on lands owned by Boyer Nurseries and Orchards in Biglerville, Pa.

This land preservation was made possible through a $250,000 EPA grant with matching funds coming from the Adams County Green Space Program.

EPA Regional Administrator Shawn M. Garvin and American Rivers Senior Vice President for Conservation Chris Williams were joined by U.S. Representative Scott Perry, Adams County Commissioners’ Chairman Randy Phiel, and Land Conservancy President Norma Calhoun. The announcement was made at the Boyer Nurseries and Orchards.
"EPA is pleased to play a part in the permanent preservation of 135 acres that include the headwaters of Marsh Creek," said EPA Regional Administration Shawn M. Garvin. “Headwater streams trap floodwaters, recharge groundwater supplies, remove pollution, and provide fish and wildlife habitat. This vast network of unknown, unnamed and underappreciated streams, make up the very foundation of our nation’s great rivers.”
Under a cooperative agreement with EPA, American Rivers is implementing the environmental grant program which supports local economies and quality of life improvements in the Potomac Highlands. The program also supports efforts to protect the Highlands’ valuable ecosystems, some of which host the most diverse and globally important resources on Earth.

“We congratulate the Land Conservancy of Adams County on their hard work protecting the headwaters of Marsh Creek. The impact of their efforts will reach far and wide, from restoring wildlife to improving Gettysburg’s drinking water supply to reviving the health of the Potomac River downstream,” said Chris Williams, Senior Vice President for Conservation at American Rivers. “We hope this project inspires other communities and can be replicated across the region and the nation.”

The 135 acres in Adams County is located in the Marsh Creek Watershed which drains into the Monocacy River and flows into the Potomac River through the nation’s capitol and into the Chesapeake Bay. The region’s streams and forests are a rich habitat for fish, wildlife, and plants, many being rare and unique. The appeal of the region’s beauty and character makes the Highlands an increasingly popular recreation and tourism destination.

American Rivers is a leading organization working to protect and restore the nation’s rivers and streams. Rivers connect us to each other, nature, and future generations. Since 1973, American Rivers has fought to preserve these connections, helping protect and restore more than 150,000 miles of rivers through advocacy efforts, on-the-ground projects, and the annual release of America’s Most Endangered Rivers ®. Headquartered in Washington, D.C., American Rivers has offices across the country.

Since 1994, the Land Conservancy of Adams County has worked to preserve land for agricultural, open space, historical, scenic, recreational, wildlife habitat, hydrologic, and ecological purposes. It currently holds 120 easements covering more than 7,000 acres.

Property owners do not give up ownership of their land. A conservation easement, which is permanent, is recorded in the Office of Recorder of Deeds and is attached to the property’s deed so that all future owners will be aware of the conditions of land use when they receive a title report.

For more information on EPA’s strategy for restoration and protection of EPA Highlands Action Program, go to www.epa.gov/reg3esd1/highlands-plan.html

For more information about the grant recipients, go to www.americanrivers.org/potomachighlands.

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Published by: United States Environmental Protection Agence (EPA) (yosemite.epa.gov)

Múltis apertam fornecedores para ter mais fluxo de caixa

Saturday, May 11th, 2013

A Procter & Gamble Co.

está estudando ampliar o prazo de pagamento dos seus fornecedores, medida que pode liberar até US$ 2 bilhões para o caixa da gigante de produtos de consumo, segundo pessoas a par do assunto.

Ela pode usar o dinheiro para investir em novas fábricas ou recomprar ações. Essa flexibilidade extra, porém, se dará às custas das empresas que fornecem materiais ou prestam serviços à P&G. Elas terão que apertar seu próprio caixa ou assumir o custo dos juros cobrados pelos bancos para cobrir o prazo maior que a P&G usará para pagar suas contas.

A iniciativa demonstra como as maiores empresas americanas continuam a adotar práticas agressivas de gestão de caixa na esteira da crise de crédito. O que começou como uma forma de preservar o caixa em momentos de enxugamento do mercado, há alguns anos, tem se tornado uma maneira de liberar recursos para financiar expansões, recomprar ações e sustentar o pagamento de dividendos em um momento de crescimento medíocre nas vendas e margens de lucro decrescentes.

Na verdade, a P&G está aderindo tarde a essa prática. Ela hoje paga suas contas, em média, em 45 dias, mais rápido que o prazo entre 60 e 100 dias usado por outras empresas, segundo especialistas da indústria. A P&G quer alterar seu prazo de pagamento para 75 dias e já começou a negociar com os fornecedores, disseram pessoas a par do assunto.

Para ajudar os fornecedores a lidar com as mudanças, a P&G está trabalhando com bancos que irão oferecer a eles adiantamento, cobrando uma taxa, após 15 dias, disseram algumas pessoas. As mudanças devem ser promovidas em fases ao longo de três anos e podem atingir centenas de empresas, disseram as pessoas.

Em todos os setores, empresas como DuPont Co.

e J.C. Penney Co.

estão tentando reduzir a quantia de dinheiro atada às operações do dia-a-dia ao adotar maiores prazos para pagar os fornecedores, recolher mais rápido os pagamentos que têm a receber ou reduzir os custos de produção e de estoque.

As medidas têm gerado efeitos em cascata. Empresas que estiram o prazo dos seus pagamentos estão fazendo com que seus fornecedores passem a ter dívidas que precisam ser financiadas e, como conseqüência, tenham que elevar preços ou pressionar outras empresas ao longo da cadeia. Com isso, pequenas empresas com pouco poder de negociação e menor acesso a crédito podem ver seus custos subirem, tendo que usar recursos que, de outro modo, poderiam ser aplicados em investimentos ou contratação.

Os clientes da Eastek Internacional — fabricante de eletrocardiogramas, monitores para pacientes, fechaduras magnéticas e produtos industriais para terceiros — têm se tornado mais agressivos em relação à extensão dos prazos de pagamento, disse o diretor-presidente Joe Rocco. A empresa agora é paga em uma média de 50 dias. Há seis anos, o prazo médio era 30 dias.

“Isso se tornou um osso do ofício”, disse Rocco, cuja empresa tem cerca de 950 funcionários e operações nos Estados Unidos, Holanda, Hong Kong e China. Agora a empresa está mais cautelosa com relação a contratações e investimentos em novos equipamentos, segundo ele.

Ao alongar seus prazos de pagamento, a DuPont liberou mais de US$ 2,6 bilhões das suas operações diárias ao longo dos últimos quatro anos e pretende conseguir mais. “Você não quer ter dinheiro preso no caixa da empresa sem estar gerando valor algum”, disse Nick Fanandakis, diretor financeiro da DuPont.

A Kimberly-Clark Corp.,

Church & Dwight Co.,

Energizer Holdings Inc.

e Newell Rubbermaid Inc.,

concorrentes da P&G, informaram que estão trabalhando com alguns fornecedores para estender os prazos de pagamento e enxugando os processos de fabricação para reduzir os custos de estoques. A Energizer está buscando economizar US$ 200 milhões no seu capital de giro e a Newell, US$ 100 milhões. Elas não informaram o prazo que adotam para pagar suas contas.

“As multinacionais estão tentando se autofinanciar mais porque pegar dinheiro emprestado não será barato sempre”, diz John Ahearn, chefe global de comércio no Citigroup Inc.

Ele disse que elas também estão tentando se preparar para crescer quando a economia se recuperar. “Uma vez feitas essas melhorias, elas estão aqui para ficar”, diz Ahearn.

A P&G tem vários pontos de pressão sobre o seu caixa. A companhia, que elevou os dividendos aos acionistas por 57 anos seguidos, está no meio de uma reestruturação de grande escala para reduzir US$ 10 bilhões em despesas até 2016. Logo após ter iniciado o plano de redução de custos no ano passado, a P&G disse que suspenderia seu programa de recompra de ações para manter seu caixa em meio a um cenário de incertezas e para manter sua avaliação de crédito. Depois de ser pressionada por investidores, porém, ela retomou seu programa de recompra de ações, em parte, usando empréstimos.

Os executivos da empresa esperam conseguir financiar as crescentes despesas de capital, assim como a expansão nos mercados emergentes, enquanto continuam a devolver boa parte do lucro aos acionistas e mantêm a recompra de ações. Os cortes de custos e o capital liberado por meio da prorrogação dos prazos de pagamento a fornecedores darão à P&G mais flexibilidade para administrar suas finanças. A P&G gasta hoje mais de US$ 50 bilhões por ano com fornecedores.

O risco de forçar uma prorrogação dos prazos de pagamento dos fornecedores é que isso pressiona financeiramente empresas responsáveis por suprir insumos essenciais. E elas próprias são grandes empregadoras. Insatisfeitas, elas podem passar a trabalhar com concorrentes ou elevar o preço dos seus produtos.

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Muitas grandes empresas “nos procuraram para entender o que pode ocorrer com sua base de fornecedores quando há uma ruptura” e estão procurando formas de ajudar a mitigar os impactos nos fornecedores, diz Michael McDonough, diretor global de cadeia de fornecedores no J.P. Morgan Chase

& Co.

Cada vez mais, empresas como a Wal-Mart Stores Inc.,

Unilever

PLC e Kohl’s Corp.

estão trabalhando com bancos para oferecer a seus provedores financiamento barato quando os prazos de pagamento são estendidos. Esses empréstimos, que são opcionais, podem permitir que os fornecedores recebam rapidamente.

Os bancos assumem as faturas, adiantam os pagamentos aos fornecedores e cobram dos compradores na data do vencimento. Alguns fornecedores podem escolher serem pagos no prazo entre cinco a dez dias, apesar de seus clientes levarem até 90 dias para realizar o pagamento.

As baixas taxas de juros no mercado americano tornam o serviço mais acessível. Os bancos agora cobram taxas anuais baixas, que chegam a 1,3%, para comprar os recebíveis de clientes credores de primeira linha, como a P&G.

© 2011 Wall Street Journal (www.wsj.com)

Lesotho country profile

Saturday, May 11th, 2013

The Kingdom of Lesotho is made up mostly of highlands where many of the villages can be reached only on horseback, by foot or light aircraft.

Over the decades thousands of workers have been forced by the lack of job opportunities to find work at South African mines. South Africa has on several occasions intervened in Lesotho's politics, including in 1998 when it sent its troops to help quell unrest.

The former British protectorate has had a turbulent, if not particularly bloody, period of independence with several parties, army factions and the royal family competing for power in coups and mutinies. The position of king has been reduced to a symbolic and unifying role.

Lesotho has one of the world's highest rates of HIV-Aids infection. A drive to encourage people to take HIV tests was spurred on by former Prime Minister Mosisili, who was tested in public in 2004.

Poverty is deep and widespread, with the UN describing 40% of the population as "ultra-poor". Food output has been hit by the deaths from Aids of farmers.

Economic woes have been compounded by the scrapping of a global textile quota system which exposed producers to Asian competition. Thousands of jobs in the industry have been lost.

© 2011 BBC News (www.bbc.co.uk)

How Swedish Malort Became Chicago’s Mascot Bitter Drink

Saturday, May 11th, 2013

Story By: by Melissa McEwen

World Shattered, a cocktail by Tyler Fry of the Chicago bar The Violet Hour. The drink includes R. Franklin’s Original Recipe Malort, and tames the bitterness with lemon, honey syrup, raspberry and mint.

In Sweden, malort’s cousin besk survived the temperance movement thanks to its association with crawfish parties. The common brand Baska Droppar is described by its producer as tasting like “fox poison.” And despite its churlish flavor, besk’s popularity also seems to be growing.

Back in Chicago, bartenders have started tooling with besk and malort recipes to take the drinks in new directions. At The Violet Hour, a craft cocktail bar, bar manager Robby Franklin Haynes collaborated with local distillery Letherbee’s to create R. Franklin’s Malort, an interpretation made for cocktails that balances the wormwood with star anise, grapefruit peel and juniper berries.

But historian Strom contends that Jeppson’s carries on a simpler tradition of “farmstead recipes of the late 1800s that were made both as cordials and for their supposed medicinal benefits.”

With bitter flavors dominating drinking trends, besk could be poised to conquer new U.S. territory. But will Chicago’s own Jeppson’s spread beyond the Windy City? Gabelick says that while they are thrilled by the love the drink receives from fans, “no decisions have been made, because it is so popular in Chicago.”

Lesotho country profile

Saturday, May 11th, 2013

The Kingdom of Lesotho is made up mostly of highlands where many of the villages can be reached only on horseback, by foot or light aircraft.

Over the decades thousands of workers have been forced by the lack of job opportunities to find work at South African mines. South Africa has on several occasions intervened in Lesotho's politics, including in 1998 when it sent its troops to help quell unrest.

The former British protectorate has had a turbulent, if not particularly bloody, period of independence with several parties, army factions and the royal family competing for power in coups and mutinies. The position of king has been reduced to a symbolic and unifying role.

Lesotho has one of the world's highest rates of HIV-Aids infection. A drive to encourage people to take HIV tests was spurred on by former Prime Minister Mosisili, who was tested in public in 2004.

Poverty is deep and widespread, with the UN describing 40% of the population as "ultra-poor". Food output has been hit by the deaths from Aids of farmers.

Economic woes have been compounded by the scrapping of a global textile quota system which exposed producers to Asian competition. Thousands of jobs in the industry have been lost.

© 2011 BBC News (www.bbc.co.uk)

Sony registra su primera ganancia en cinco años

Friday, May 10th, 2013

TOKIO—Sony Corp.

dijo el jueves que volvió a registrar una ganancia en el cuarto trimestre fiscal, impulsado por los ingresos extraordinarios obtenidos con la venta de edificios de oficinas y participaciones.

La utilidad trimestral, que se compara con las pérdidas registradas un año antes, llevó al fabricante de electrónica japonés a registrar su primera ganancia neta anual en cinco años.

Sony anunció una utilidad de 93.910 millones de yenes entre enero y marzo, que se compara con unas pérdidas de 255.210 millones en el mismo periodo del año anterior. Los ingresos aumentaron 8,3% a 1,733 billones (millones de millones) de yenes, mientras que la ganancia operativa fue de 147.150 millones en el trimestre. Los analistas, de media, esperaban una utilidad de 88.270 millones de yenes, una ganancia operativa de 97.320 millones de yenes y unos ingresos de 1,611 billones de yenes, según Thomson Reuters.

Para lograr su objetivo de volver a ser rentable, Sony se embolsó ingresos por la venta de activos como su sede de Nueva York, acciones de su participación en el proveedor de servicios médicos por Internet M3 Inc. y sus oficinas de Tokio.

Sin embargo, la legitimidad del cambio de Sony sigue siendo incierta ya que el negocio principal de electrónicos se sigue deteriorando rápidamente. Sony redujo las ventas de televisores para limitar las pérdidas generadas en la fabricación, mientras que la demanda de cámaras digitales y de computadoras personales sigue cayendo de forma acelerada. Mientras, la transición a líneas de producto de mayor crecimiento, como los teléfonos inteligentes y equipos médicos, sigue en una fase preliminar.

Los resultados de Sony se vieron favorecidos por la debilidad del yen, que ayudó a mejorar la rentabilidad de los productos que la compañía fabrica en Japón y vende en el exterior.

Para el presente ejercicio fiscal, hasta marzo de 2014, Sony espera una ganancia neta de 50.000 millones de yenes, una ganancia operativa de 230.000 millones de yenes y unos ingresos de 7,5 billones de yenes.

© 2011 Wall Street Journal (www.wsj.com)