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FRANKFURT (Reuters) - Key Euribor bank-to-bank lending rates eased on Thursday, having risen in the previous session as earlier comments from a clutch of European Central Bank policymakers played down chances of another ECB rate cut.
Joerg Asmussen, a member of the ECB's Executive Board, said last week he would be "very reluctant" about the ECB cutting its deposit rate - now at zero - any further, adding that "our (monetary) policy is very accommodative".
Another board member, Yves Mersch, said he did not see the logic of a debate about the ECB cutting its main rate from a record low of 0.75 percent. A third board member, Peter Praet, said earlier this month there is little room to cut.
The ECB kept rates on hold this month despite new forecasts suggesting the euro area economy will contract next year as it has this.
On Thursday, three-month Euribor rates, traditionally the main gauge of unsecured bank-to-bank lending, ticked down to 0.185 percent from 0.186 percent.
The six-month rate was unchanged at 0.319 percent while the one-week rate eased to 0.089 percent from 0.090 percent.
Dollar-priced bank-to-bank Euribor lending rates were mixed, with three-month rates falling to 0.57462 percent from 0.57667 percent and one-week rates rising to 0.63692 percent from 0.58167 percent.
($1 = 0.7867 euros)
(Reporting by Frankfurt newsroom; Editing by Ruth Pitchford)
Source: http://news.yahoo.com/euribor-seesaws-policymakers-dispel-rate-cut-hopes-104948213--finance.html
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HARTFORD, Conn. (AP) ? Some of the police officers who responded to the school shooting in Newtown are so traumatized they haven't been working, but they have to use sick time and could soon be at risk of going without a paycheck, a union official said Wednesday.
The union, Council 15 of the American Federation of State, County and Municipal Employees, is seeking more generous assistance in talks with the town's insurer. It is also reaching out to lawmakers and the governor's office with proposals to modify state law and expand workers' compensation benefits for officers who witness horrific crime scenes.
"The insurer for the town has taken a position that these officers are entitled to only what the statute allows. Unfortunately for these officers, the statute doesn't allow any benefits," said Eric Brown, an attorney for the union, which represents nearly 4,000 officers around Connecticut.
A gunman shot his way into Sandy Hook Elementary School on Dec. 14 and slaughtered 20 first-graders and six educators. The gunman, who had also killed his mother that morning, committed suicide as police arrived.
Brown said that the number of officers "critically affected" by the tragedy is below 15 and that a small number of them are not currently working.
A spokesman for Newtown police, Lt. George Sinko, said the officers are generally holding up well.
"A couple of them are taking it harder than some of the other ones," he said. "The things that the officers had to experience underscores the need to support them in every way possible."
Officials with the town's insurer, the Connecticut Interlocal Risk Management Agency, did not immediately respond to requests for comment.
Authorities say the victims were shot with a high-powered, military-style rifle loaded with ammunition designed to inflict maximum damage. All the victims had been shot at least twice, the medical examiner said, and as many as 11 times. Two victims were pronounced dead at a hospital, while all others died in the school.
In the past, advocates have pushed to change the statutes on workers' compensation, which currently include provisions for officers who suffer mental impairment as the result of using or being subjected to deadly force ? but not for those who witness crime scenes with mass casualties.
Concerns about the potential cost to cities and towns have been an obstacle, but the issue is likely to resurface in the next legislation session, said state Rep. Stephen Dargan, a West Haven Democrat who is co-chairman of the legislature's public safety committee.
"We don't want it to be used in an abusive way, but the circumstances are so horrific in Newtown. We need to protect those first responders and give them all the help we can give them," he said.
Firefighters who responded to the scene at Sandy Hook also have described struggling with feelings of frustration and anguish, but said they were grateful they were spared from witnessing the scene that greeted police inside the school.
Brown said outside agencies have been meeting demands for counseling services, but it will be important to ensure support is in place over the long term. The officers who are not working also could use up available sick time by early January, he said.
"The emotional loads they're carrying far exceed anything they could imagine," Brown said.
Police have yet to offer a possible motive for gunman Adam Lanza's rampage.
Expansive memorials throughout the small New England town have become gathering points for residents and visitors alike. A steady stream of well-wishers have taken pictures, dropped off toys and fought back tears at a huge sidewalk memorial in the center of Newtown's Sandy Hook section that is filled with stuffed animals, poems, flowers, posters and cards.
Newtown officials plan to convert into a memorial the countless mementos paying tribute to the schoolhouse victims. Thousands of flowers, letters, signs, photos, candles, teddy bears and other items at sites around town will be turned into soil and blocks to be used in a memorial, The News Times in nearby Danbury reported.
Source: http://news.yahoo.com/police-union-seeks-more-help-newtown-officers-184614407.html
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I wasted hours looking for a cheaper version online, when my dad was willing to pay more at the local store. He made me realize that I was all about 'buying local' until I had to shell out more money. I've learned:?I can?t always pay more, but I don?t always have to pay less.
By Brooke Williams / December 24, 2012
Junikqul Bracey carries a Disney Ultimate Fairytale Kitchen set toward the checkout at the Target store near Wilmington, N.C. Nov. 22.
Mike Spencer/Wilmington Star-News/AP
EnlargeMy father called me in distress.??I can?t do it, Brookie,? he told me. ?I couldn?t show my face downtown at Haines & Essick if we buy the kitchen online.?
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He was trying to buy a Christmas present for my three-year-old at a store in Decatur, Ill. where I grew up, but I had found a less expensive toy kitchen online. I shouldn?t have gotten involved, but in my constant pursuit of a better deal, and my inherent cheapness, I didn?t want him to pay too much. Now in addition to squashing his enthusiasm and Christmas spirit, I seemed to be stomping on my father?s moral code.
Every holiday season, he sends me a check to pick out gifts for my children, except last year. During our Thanksgiving visit to Illinois, Dad got such a kick out of watching his granddaughter pretend to cook he decided she needed her own mini range and refrigerator.
On his lunch hour from the firm where he has worked since the day he graduated from law school, Dad went to Haines & Essick. The small stationary and gift store has been a Decatur institution since 1902. Today, it is one of the few stores left downtown, which sadly has more parking spaces than places to shop.
Before we were even back home in Maine, Dad had e-mailed me a picture of a kitchen the store could ship just in time for Christmas. My 70-year-old father had never sent me anything online so his behavior was noteworthy. We do e-mail, but it?s a process that involves his secretary, Ginger, printing out my messages for him to read, and then my Dad dictaphones his response for Ginger to type up and e-mail back to me.
The kitchen in the picture was fabulous. It had a wooden oven and a microwave, plenty of refrigerator space for fake food and even a drink dispenser ? but the price tag quite literally took my breath away. For a moment, I thought if my father was willing to fork over $300 for a toy maybe I could talk him into remodeling my actual kitchen.
I spent the morning online pricing other toy kitchens, until I located a pink retro model from the same company for a third of the price.
My e-mail with the lower-priced model presented my Dad with a quandary: Mrs. Miller in the Haines & Essick?s toy department had spent a lot of time helping him select the kitchen set; it didn?t seem right for him to go buy it cheaper somewhere else.
By the time he got me on the phone, Dad had been to Haines & Essick four times and was having Ginger hold all his calls while he figured out how to fairly procure his granddaughter?s present. Mrs. Miller could order the pink kitchen I found online, but not at the same price. After discussing numerous scenarios, she conceded that my Dad should take the better deal online. During his third visit, Dad tried to pay Mrs. Miller some arbitrary finder?s fee, handing her a hundred dollar bill that she refused to take.
In the end, my father bought the pink kitchen from Haines & Essick even though it cost him more.
I?ve always thrown around the term ?buying local,? and thought I walked the walk: I frequent farm stands and independent bookstores. After college, during my self-righteous phase when I came back home and threw around all the new jargon I learned, I no doubt lectured my father on the importance of ?buying local? and eating ?locally-sourced food? ? things he had done all his life without affixing a fancy term to it.
My father made me realize that I was all about ?buying local? until I had to shell out more money. Granted I do not have a lot of extra cash, which influences my decisionmaking, but I also waste a lot of time trying to get a perceived deal. I spent four hours looking for a cheaper kitchen, time that I could have been working, and billing, for a grant I was supposed to be writing. It wasn?t even my money. Why was I so determined to get the best deal?
For my father, whose hero is Abraham Lincoln, buying the cheap kitchen online was a kind of dishonesty.
Haines & Essick is his store ? the store down the street from his office where people know his name. It?s the store where he has bought Christmas gifts for my brother and me?for 40 years. During my visit home, I was glad to see that it was still there. But I had to admit, if people like me continue to buy everything online or at chain stores, it might not be there in the future. And I know through my work as a grant writer, that it?s the local merchants who sponsor the Little League teams, Meals on Wheels, and other important community programs ? not the big box stores. Local merchants may have to charge more, but they also give back to their communities.
I realize, I can?t always pay more, but I don?t always have to pay less. I like to think I buy local. My dad actually does.
Brooke Williams is a freelance writer.
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MONCLOVA, Mexico (AP) ? The white-haired bishop stepped before some 7,000 faithful gathered in a baseball stadium in this violence-plagued northern border state. He led the gathering through the rituals of his Mass, reciting prayers echoed back by the massive crowd. And then his voice rose.
Politicians are tied to organized crime, Bishop Raul Vera bellowed while inaugurating the church's Year of Faith. Lawmakers' attempts to curb money laundering are intentionally weak. New labor reforms are a way to enslave Mexican workers.
How, Vera asked, can Mexicans follow leaders "who are the ones who have let organized crime grow, who have let criminals do what they do unpunished, because there's no justice in this country!"
In a nation where some clergy have been cowed into silence by drug cartels and official power, Vera is clearly unafraid to speak. That makes him an important voice of dissent in a country where the Roman Catholic Church often works hand-in-hand with the powerful, and where cynicism about politics is widespread and corrosive.
Vera's realm is a wide swath of Coahuila, a state bordering Texas that's become a hideout for the brutal Zetas drug cartel. It's where the current governor's nephew was killed in October and the former governor, the victim's father, resigned last year as leader of the political party that just returned to power with newly inaugurated President Enrique Pena Nieto.
Marked by his unvarnished speech, the Saltillo bishop's voice carries beyond his diocese here, especially when he weighs in on hot issues such as drug violence, vulnerable immigrants and gay rights.
In late 2007, Mexico City's Human Rights Commission denounced death threats against Vera and a burglary of the diocese's human rights offices. The following year, after Coahuila became the first Mexican state to allow civil unions for gay couples, a move the bishop endorsed, Vera was invited to speak at a U.S.-based conference for a Catholic gay and lesbian organization. In 2010, he was awarded a human rights prize in Norway.
Anonymous critics have hung banners outside the cathedral asking for what they called a real Catholic bishop. And last year, the 67-year-old was summoned to the Vatican to explain a church outreach program to gay youth.
Natalia Ni?o, president of Familias Mundi in Saltillo, told the Catholic News Agency last year that Vera had placed too much focus on supporting the gay community.
"A pastoral commitment to homosexual persons is necessary and welcomed, but not at the expense of the family and a solid pastoral plan for marriage and family, which is unfortunately being neglected in the diocese," she said.
Vera, who has had government bodyguards before, said he was foregoing similar security despite the criticism and threats. Such measures were rare and frowned upon in Saltillo, he said.
"I'm not the only one exposed, there are lots of people exposed who work with immigrants, with the missing," Vera said. "How do I cover myself? Them?"
Mexico's Bishops Conference did not respond to repeated requests for an interview about Vera. The church's hierarchy in Mexico did issue a statement in 2010 congratulating Vera on his human rights prize, and last year, the church condemned anonymous threats against him.
Vera's office often lends more weight to his words, especially when he speaks up about human rights, said Emiliano Ruiz Parra, a Mexican journalist and author of a new book that portrays Vera and other "black sheep" of the church in Mexico.
"Among the defenders of human rights he is the one who hedges the least, he says things the way they are," Parra said before Pena Nieto's Dec. 1 inauguration. "He's not afraid, for example, to take on the president, the one who's leaving or the president-elect."
Vera's homily on an October Sunday in Monclova included a lengthy diatribe about an alleged vote-buying scheme involving grocery store gift cards critics say were distributed by the Institutional Revolutionary Party, known as the PRI. Citing press reports, the bishop told the crowd organized crime paid for the scheme and helped Pe?a Nieto's victory. He also labeled as "collaborators" anyone who took a gift card in exchange for their vote.
"What we're seeing now is nothing other than the reaccommodation of the criminal groups with the new government teams," Vera said later as he raced back to Saltillo for another Mass. "The criminal groups always have their agreements with those who are in the state governments, in the federal government."
An industrial hub on the high desert about an hour west of Monterrey, Saltillo had long been known as a quiet haven in Mexico, distinguished by its auto manufacturing and a modern museum exhaustively detailing the surrounding terrain.
In recent years, however, the area has fallen victim to the drug violence plaguing other parts of Mexico. In 2011, 729 murders hit the state, compared to 449 the year before and 107 in 2006, according to preliminary figures released by the government this summer. Four bodies were found hanging from a Saltillo overpass earlier this month.
Until the nephew of Gov. Ruben Moreira was killed in early October, the political class had showed little concern for violence, Vera said.
"Fear of the conditions that Mexico is going through with the insecurity, with so much violence, makes us silent, and Don Raul is a strong voice who says what the rest of us are too scared to say," said Maria Luz Lopez Morales, a Vera friend and self-professed atheist who runs literacy programs for women in rural areas outside Monclova.
Vera arrived in Saltillo in 2000, after serving as the co-bishop in a deeply divided diocese in the southern Mexican state of Chiapas, where Zapatista rebels were battling government troops. He came with a reputation as a social crusader.
"Ever since I arrived here, as I came from Chiapas and I wasn't a person who was going to support the government, since this moment they decided that my image needed to be restrained," Vera said. He pointed to critical coverage from a local television network where a host once displayed Vera's picture surrounded by flames of eternal damnation. Vera said he believed the host was paid to do the government's bidding.
In February 2006, Vera celebrated Mass at the Pasta de Conchos coal mine where 65 miners had perished and spent days with their families hammering the mine's owners, government officials and union leaders for dangerous working conditions.
Five months later, he traveled to Castanos, a small town near Monclova, where soldiers had been arrested in connection to the sexual assaults of more than a dozen prostitutes. He and his longtime collaborator Jackie Campbell started their own investigation, leading the diocese's human rights office to successfully push to try some of the soldiers in civilian courts, where several were sentenced.
Mysterious cars followed Vera and Campbell during that time. Campbell's home phone line was cut and Vera was threatened. Campbell eventually moved to Argentina for three years to escape the harassment and to pursue graduate studies.
Vera has also demanded investigations into the thousands of migrants who have gone missing while passing through the state and clamored for a DNA database to identify bodies. In an email, the Rev. Pedro Pantoja, who oversees the diocese's migrant programs, said he's enjoyed total support from Vera and called his commitment to social causes "prophetic."
What's drawn perhaps the most controversy has been Vera's stand on gay rights, which even called Rome's attention. In 2001, the Rev. Robert Coogan, an American priest in Saltillo ordained by Vera, suggested starting an outreach program to gay youth, after a teenager came to him when his parents threw him out of the house. Vera lent his support to the program, called Comunidad San Elredo, and later escaped reprimand when called to the Vatican to explain it.
"It flows out of his conviction: The church is for everyone," Coogan said.
Parishioner Julia Castillo, of Saltillo, said Vera wasn't just making headlines with his bold stands. He was also inspiring Mexicans at a time when many are feeling besieged.
"He talks about all of the injustice there is right now, of all the danger there is, that we have to stick together to fight against the corruption, above all in the government and the police," Castillo said. "We like the way he is."
___
Associated Press writer Galia Garcia-Palafox in Mexico City contributed to this report.
Source: http://news.yahoo.com/mexico-bishop-inspires-infuriates-activism-162210371.html
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by SYA on December 25, 2012
By Jeff Samuel
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