NATO “protection” plan means little to Afghan village

Afghanistan (Reuters) – In Afghanistan’s Taliban heartland, U.S. soldiers walk a short distance from their camp into a village in mourning with a daunting offer: protection from the insurgents that live in the area.

A roadside bomb killed a father and son and the Americans have come to urge people to turn to them for protection, an offer that few Afghans in this area dare accept.

“The Taliban could find out we talked to you and kill us when we work in our fields,” said 75-year-old farmer Haji Abdul Rahman, after describing how villagers had to retrieve the body parts of the father and son, who were riding a motorcycle when they were blown up.

The U.S. army patrol through Gurgan reflects how NATO’s efforts to improve security to enable the Kabul government to provide better services to Afghans are making little headway.

NATO commanders say the Taliban cannot be defeated by military force alone so they have launched a comprehensive plan to isolate insurgents, who have been fighting tens of thousands of Western forces for nine years.

The strategy can only succeed if ordinary Afghans are convinced that siding with foreign forces and the government of President Hamid Karzai won’t be too risky. The Taliban have made it violently clear they will not tolerate any contact with Western forces.

While Dand District, where Gurgan is located, is relatively peaceful compared to other parts of the Taliban’s birthplace, Kandahar Province, few Afghans believe they are safe.

Just a few kilometers (miles) away, Taliban fighters frequently attack other international troops. Retaliatory artillery can be heard in Gurgan and surrounding villages.

Lt. Matthew Bennett, a native of Greensboro, North Carolina, stopped every few minutes and spoke with Gurgan residents on the patrol, shaking hands with elders and handing out pens to excited children.

He wanted to know if pro-Taliban cleric preach at any of the village’s mosques, if militants had come around lately and intimidated anyone.

As night fell, Bennett sat down in the light of a kerosene lamp with a group of villagers at a small shop. The questions kept coming.

“You said you want to help, us but what about roads and schools?” asked one man. Another man said he felt threatened when U.S. helicopters flew overhead.

Aside from dealing with the Taliban’s military tactics and ferocity, NATO soldiers have to contend with a range of other issues in order to win over Afghans.

Villagers told Bennett they appreciate American efforts to secure the area but said troops had to pay closer attention to cultural sensitivities.

Soldiers manning machinegun turrets on the tops of armoured vehicles had a view of women in houses and something had to be done, they said.

(Writing by Michael georgy; Editing by Miral Fahmy)

NATO “protection” plan means little to Afghan village

GURGAN, Afghanistan, June 27 (Reuters) – In Afghanistan’s Taliban heartland, U.S. soldiers walk a short distance from their camp into a village in mourning with a daunting offer: protection from the insurgents that live in the area.

A roadside bomb killed a father and son and the Americans have come to urge people to turn to them for protection, an offer that few Afghans in this area dare accept.

“The Taliban could find out we talked to you and kill us when we work in our fields,” said 75-year-old farmer Haji Abdul Rahman, after describing how villagers had to retrieve the body parts of the father and son, who were riding a motorcycle when they were blown up.

The U.S. army patrol through Gurgan reflects how NATO’s efforts to improve security to enable the Kabul government to provide better services to Afghans are making little headway.

NATO commanders say the Taliban cannot be defeated by military force alone so they have launched a comprehensive plan to isolate insurgents, who have been fighting tens of thousands of Western forces for nine years.

The strategy can only succeed if ordinary Afghans are convinced that siding with foreign forces and the government of President Hamid Karzai won’t be too risky. The Taliban have made it violently clear they will not tolerate any contact with Western forces. <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

For more on Afghanistan click [ID:nAFPAK]

or see link.reuters.com/syx62d

Afghan blog: blogs.reuters.com/afghanistan/ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

While Dand District, where Gurgan is located, is relatively peaceful compared to other parts of the Taliban’s birthplace, Kandahar Province, few Afghans believe they are safe.

Just a few kilometers (miles) away, Taliban fighters frequently attack other international troops. Retaliatory artillery can be heard in Gurgan and surrounding villages.

Lt. Matthew Bennett, a native of Greensboro, North Carolina, stopped every few minutes and spoke with Gurgan residents on the patrol, shaking hands with elders and handing out pens to excited children.

He wanted to know if pro-Taliban cleric preach at any of the village’s mosques, if militants had come around lately and intimidated anyone.

As night fell, Bennett sat down in the light of a kerosene lamp with a group of villagers at a small shop. The questions kept coming.

“You said you want to help, us but what about roads and schools?” asked one man. Another man said he felt threatened when U.S. helicopters flew overhead.

Aside from dealing with the Taliban’s military tactics and ferocity, NATO soldiers have to contend with a range of other issues in order to win over Afghans.

Villagers told Bennett they appreciate American efforts to secure the area but said troops had to pay closer attention to cultural sensitivities.

Soldiers manning machinegun turrets on the tops of armoured vehicles had a view of women in houses and something had to be done, they said. (Writing by Michael georgy; Editing by Miral Fahmy; (michael.georgy@thomsonreuters.com; Kabul newsroom: +93 799 335 284) (If you have a query or comment about this story, send an e-mail to news.feedback.asia@thomsonreuters.com) REUTERS FOX

GLOBAL MARKETS-Economic worry, G20 caution reigns

LONDON, June 25 (Reuters) – Worries about the fragility of global economic recovery hit financial markets again on Friday, knocking world stocks down for the fourth session in a row ahead of a summit of Group of 20 nations.

Currency traders also sold higher-yielding currencies.

Investors have pulled back a bit from riskier assets this week as evidence built that economic growth, particularly in the United States, may be slowing.

This has combined with fears that the spending cuts and tax rises being promulgated by European governments to cut debt will hurt the recovery.

G8 leaders meeting on Friday in Canada — turning into the G20 on Saturday — are set to grapple with this issue with Washington warning against cutting too far and too fast.

“The cohesion generally evident among policymakers in dealing with the global crisis is in danger of giving way to a more divisive debate about how to manage the recovery,” Credit Agricole analysts said in a morning note to clients.

MSCI’s all-country world index .MIWD00000PUS was down 0.2 percent, heading for a 2.7 percent weekly loss. Its emerging market counterpart .MSCIEF was down 0.6 percent.

European shares were bucking the trend, however, with the FTSEurofirst 300 .FTEU3 up 0.3 percent after three days of losses.

But the mood was still cautious.

“No one is really wanting to take any big positions ahead of the G20,” said Justin Urquhart Stewart, director at Seven Investment Management.

Earlier, Japan’s Nikkei average fell 1.9 percent.

DOLLAR CALM

The dollar made little headway in subdued trade ahead of the G20 leaders’ summit and the yen held near the one-month highs it hit against the U.S. currency on Thursday.

“It’s a little bit of a strange situation as the euro should usually suffer more in periods of risk aversion, but we are seeing some position adjustments ahead of the G20,” said Roberto Mialich, currency strategist at Unicredit in Milan.

The euro was flat on the day at $1.2330 EUR=. The dollar was flat against a basket of currencies .DXY.

Euro zone government bond yields were also flat. (Additional reporting by Joanne Frearson and Tamawa Desai, editing by Mike Peacock)

MichBio Issues Statement at Mackinac Policy Conference on Release of Battelle/BIO State Biosciences Initiative 2010

MACKINAC ISLAND, MI, Jun 03 (MARKET WIRE) —
During a press conference this morning at the Detroit Regional Chamber’s
Mackinac Policy Conference, Stephen Rapundalo, PhD, president and chief
executive officer of MichBio, the statewide biosciences industry
association, spoke to the strength and development of Michigan’s
biosciences industry relative to a recent national and state-by-state
bio-industry analysis and in-state life sciences survey. The analysis was
part of the Battelle/BIO State Biosciences Initiatives 2010 Report that
was released in early May.(1)

The study examined the strength of the bioscience industry in all 50
states and Puerto Rico, and looked at employment and growth trends
through 2008, the first year of the economic downturn. Mr. Pete
Pellerito, senior policy consultant, Biotechnology Industry Organization
(BIO), and co-lead on the Battelle/BIO Report, joined Dr. Rapundalo in
discussing the Michigan assessment.

There were some encouraging signs in the Battelle/BIO data for Michigan’s
bio-industry. The report showed a rise in both total bioscience
employment for Michigan to 37,180 (a 9.8% increase from 33,832 in 2008)
and in the number of establishments to 1,118 (a 7.6% increase from 1,039
in 2008).(2) For the 2001-2008 period, Michigan witnessed an overall
growth in bioscience employment of 5.6% and a 13.2% growth in
establishments, easily outpacing the otherwise decline in Michigan’s
total private sector of -0.4% in establishments and -9.7% in employment.
(The report counts companies that are not included by state officials,
such as manufacturing suppliers.(3) MichBio puts the number at about 550
bioscience companies and institutions statewide.)

However, the new report noted that Michigan has made real headway in only
one of four biotech sectors historically tracked by the report. A
sizeable boost in establishments and employment was observed in the
Research, Testing, and Medical Laboratories sector, and grew faster than
the national average. This growth is due mostly to the increased numbers
of entrepreneurial R&D start-ups as a consequence of downsizing in the
pharmaceutical and medical device sectors, and the greater need for
diagnostic and medical testing to support the state’s healthcare systems.

Employment in agricultural feedstock and chemicals saw growth above the
national average too, but the overall numbers were low. Michigan’s share
of total U.S. employment in all four bioscience sectors was considered to
be small (i.e., 1-2.9%). Michigan’s location quotients (LQs) for the
various bioscience sectors consistently listed below 1.0, an indicator
that the state is not heavily concentrated in the industry relative to
the nation.

The Battelle/BIO report highlighted some additional noteworthy facts for
Michigan. Kalamazoo is one of only fifteen metro areas in the nation with
“specialization” in three out of the four areas — drugs and
pharmaceuticals, medical devices and equipment, and research and testing.
Detroit ranked 10th in the nation for those MSAs with the overall largest
employment levels (size) in research, testing and medical laboratories
and those with the highest LQs (concentration) among their respective
size categories. Ann Arbor, Holland-Grand Haven, Nieles-Benton Harbor,
Jackson, Monroe and Saginaw-Saginaw Township North were identified as
having the highest LQs in various bioscience sectors for their respective
MSA sizes.

Generally, the Battelle/BIO study ranked Michigan as being in the second
or third tiers depending on the performance metric. Michigan did not
appear in any top ten rankings except for academic R&D expenditures,
FY2008 (#10), and number of higher education degrees in bioscience
fields, AY2008 (#8). Most importantly, it failed to register in the upper
echelons of states for performance areas related to commercialization.

Dr. Rapundalo commented that “while Michigan has a good foundation in
bioscience academic research and some favorable improvements in certain
performance areas, it has failed to develop a more robust sector that can
truly reposition the state as a biosciences industry leader. We must
identify, leverage and promote our sector strengths if Michigan is to
realize a robust bio-industry.”

The Battelle/BIO report also recognized that Michigan was in the upper
tier of states in terms of number of clinical trials initiated in 2009;
its ranking had improved to #17 for the number of bioscience and related
patents issued over the last five years (up from #21 in 2008), and most
significantly, venture capital investment in the biosciences improved its
ranking to #18 (from #21 in 2008). However, its position dropped somewhat
for the amount of employment in bioscience-related occupations (a
barometer for talent recruitment and retention).

Although Rapundalo emphasized the positive trends in Michigan’s
bio-industry, he cautioned that the continued growth is not guaranteed,
mostly because of a lack of a coordinated strategic plan for developing
the state’s bio-industry, an insufficient amount of venture capital
available, and an absence in commitment and consistency in providing
adequate industry-specific resources. However, he concluded that state
policymakers have the ability and means to ensure that these challenges
are addressed in order to improve Michigan’s competitiveness in the
national and global biosciences economies.

Rapundalo was quick to point out that “the Battelle/BIO numbers shouldn’t
be too surprising… it’s like the old adage, ‘you only get out of
something what you put into it’ — we reap a certain return based on the
investment we’ve made. We need enhanced tax credits for angel and
early-stage investors, grants for bioscience capital infrastructure
expansion, higher state matching for SBIR/STTR grants, improved R&D tax
credits, and favorable and simple corporate tax policies. MichBio would
like to see a roundtable or expert panel made up of bioscience CEOs that
can advise the state on initiatives and programs needed to grow the
bio-industry.”

Dr. Rapundalo went on to call for establishing a strategic partnership in
economic development between the bio-industry and the state; one that is
rooted in a thorough understanding of the industry’s capabilities and
assets, and a concerted effort that brings MichBio’s expert knowledge of
the industry with the state’s economy-building efforts. “Michigan needs
bold and unwavering support through both good and challenging times that
can lead to real expansion and economic growth of a powerful biosciences
industry. We can’t simply watch other states, especially those in the
Midwest eclipse our strength in the biosciences, simply because they’ve
figured out a game plan and are a following a clear path to meaningful
long-term outcomes and successes.”

“MichBio will give further careful review of the Battelle/BIO report to
glean strategic insights for the industry in Michigan,” said Rapundalo.
“We know that 2008-09 have been difficult years for our industry, with
significant contraction for our larger firms and scarcity of capital for
our emerging companies. MichBio looks forward to working with our
membership, our state and federal elected officials, and other key
stakeholders to ensure that Michigan continues to grow new bioscience
companies and jobs, while retaining and strengthening current bio-economy
enterprises, and thereby insure our economic recovery and growth.”

The Battelle/BIO 2010 report findings were further borne out via a life
sciences survey conducted in the last two weeks by MichBio in
collaboration with Crain’s and Honigman. Industry respondents indicated
overwhelmingly (78%) that the state doesn’t “have sufficient and
appropriate policies, resources and programs in place that allow biotech
companies to be established and grow.” Specifically, over 87% of
respondents rated the lack of venture capital for the bio-industry as
fair (47.6%) to poor (39.5%). They also noted that the state should place
greater emphasis on growing the diagnostics/research products and
bio-based technologies sectors. The majority (72.8%) rated the
availability of skilled talent for the bio-industry as either good or
excellent. A multitude of descriptive comments were collected too, many
of which focused on improving the business climate for bioscience
companies, enhanced promotion of the state’s bio-industry’s assets and
capabilities, and above all, a visible and consistent commitment to
growing the industry.

About MichBio
MichBio is the association for Michigan’s biosciences
industry. It is committed to driving industry growth by fostering the
collective impact of its members and by providing them with education,
information, connections and services. MichBio represents more than 240
biosciences companies, academic and research institutions, biosciences
service providers, and related organizations throughout Michigan.

About BIO
BIO represents more than 1,200 biotechnology companies,
academic institutions, state biotechnology centers and related
organizations across the United States and in more than 30 other nations.
BIO members are involved in the research and development of innovative
healthcare, agricultural, industrial and environmental biotechnology
products. BIO also produces the BIO International Convention, the world’s
largest gathering of the biotechnology industry, along with
industry-leading investor and partnering meetings held around the world.

(1) Battelle/BIO State Biosciences Initiatives 2010. Battelle Technology
Partnership Practice, May 2010. (See
http://www.bio.org/local/battelle2010 for full and individual state
reports).

(2) Battelle/BIO State Biosciences Initiatives 2008, Battelle Technology
Partnership Practice, June 2008. (See http://bio.org/local/battelle2008
for full and individual state reports).

(3) Establishments are counted for component industries as identified by
NAICS codes reported by companies including code changes implemented in
2007 that now distinguish R&D activities in “biotechnology.”

Contact:
Stephen Rapundalo
734.527.9144
734.476.0648
srapundalo@michbio.org

Copyright 2010, Market Wire, All rights reserved.

Research and Markets: Vietnam’s Infrastructure Industry’s Value for the Year Has Been Revised down To VND126trn (US$6.57bn) for 2010

DUBLIN–(Business Wire)–
Research and
Markets(http://www.researchandmarkets.com/research/fbb826/vietnam_infrastruc)
has announced the addition of the “Vietnam Infrastructure Report Q3 2010″ report
to their offering.

The Vietnam Infrastructure Report provides industry professionals and
strategists, corporate analysts, infrastructure associations, government
departments and regulatory bodies with independent forecasts and competitive
intelligence on Vietnam’s infrastructure industry.

The construction sector in Vietnam did not make as much headway this quarter as
expected, as neighbouring states started to see a turnaround thanks to stronger
economic performance. As a result the industry value for the year has been
revised down to VND126trn (US$6.57bn) for 2010. Growth over the forecast period
is now also expected to be reduced with the industry valued at VND260trn
(US$13.91bn) in 2014. This nonetheless represents a more than doubled industry
value in the space of four years.

Major infrastructure projects were thick on the ground this quarter, as both
transport and energy developments were announced. In March 2010, Vietnam’s Prime
Minister Nguyen Tan Dung, approved US$18.09bn for the construction and
development of the road system in the country. The plans include development of
over 5,000km of roads within the country. In the power sector, Vinh Tan 3 Energy
Joint Stock Company (VTEC) was approved to develop the country’s largest thermal
power project. The project, worth US$2.5bn, is expected to start in late 2011
and the plant is likely to come online in 2014- 15.

Vietnam’s business environment continues to be an issue for the country and this
quarter saw it slip one place in the regional rankings. Although its business
environment score stayed more or less static at 50.8 other countries in the Asia
Pacific region started to see stronger growth as economic conditions improved.
The country’s infrastructure market scored well; however, downside risks from
market volatility and country risk dragged down the overall score.

Corruption still remains a problem for Vietnam and is likely to continue to
impede infrastructure development until government reforms can change the
landscape. With increased foreign investment on the back of attractive growth
rates there are signs that the country is now moving in the right direction in
invoking structures to improve the business environment such as public private
partnership (PPP) regimes.

Key Topics Covered:

* SWOT Analysis
* Market Overview
* Table: Construction and Infrastructure Industry Data
* Table: Transport Infrastructure Industry Data
* Table: Ports Are The Weakest Link: Quality Of Infrastructure Global Ranking
Out Of 134 Countries
* Table: Vietnam Railway Corporations Main Targets
* Major Projects New and Ongoing Projects
* Table: Vietnam Major Transport Infrastructure Projects
* Table: Energy & Utilities Infrastructure Industry Data
* Table: The Three Levels Of Liberalising Vietnam’s Electricity Market
* Major Projects New and Ongoing Projects
* Business Environment
* Risk To Realisation Of Potential Returns
* Regional Overview
* Table: Regional Infrastructure Business Environment Ratings
* Project Finance Ratings
* Vietnam Project Finance Ratings
* Regional Overview
* Table: Design and Construction Rating
* Table: Commissioning and Operating Rating
* Table: Overall Project Finance Rating
* Macroeconomic Outlook
* Table: Vietnam – Economic Activity
* Company Monitor
* Global Overview
* Table: Design and Construction Rating
* Table: Commissioning and Operating Rating
* Table: Overall Project Finance Rating
* Table: Global Infrastructure Business Environment Ratings, April 2010
* Table: Infrastructure Business Environment Indicators

Companies Mentioned:

* Cavico Corporation
* Song Da Construction Corporation
* Vietnam Construction and Machinery Installation, Corporation (Lilama)

For more information visit

http://www.researchandmarkets.com/research/fbb826/vietnam_infrastruc.

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Copyright Business Wire 2010

G20 still has to prove itself after promising start

June 2 (Reuters) – If the Group of 20 were a wine, a connoisseur would say that it has great potential but that a lot depends on how it matures over the years.

The old root stock of the Group of Seven industrial nations has been freshened up with fast-growing emerging economies including China, India and Brazil. The likes of Indonesia and Argentina add spice to the assemblage.

Now comes the hard part: making a finished product that is well-balanced and harmonious.

“It’s not going to be about the G7 any more. That’s very clear. It’s just that the G20 is not yet a well-functioning team,” Alicia Garcia-Herrero, Hong Kong-based chief economist for emerging markets at Banco Bilbao Vizcaya Argentaria.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

TAKE A LOOK on the G20 meeting [ID:nSGE64R00R]

G20 ministers face wrangling over bank tax [ID:nLDE64O0MP]

Q+A - G20 efforts to agree a bank tax [ID:nLDE64Q135]

FACTBOX-What the G20 will discuss in Busan [ID:nLDE64Q1LB]

FACTBOX-G20 progress on financial regulation[ID:nLDE64N0NC]

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

For sure, near-term expectations are low.

A meeting of G20 finance ministers and central bank chiefs in this port city on Friday and Saturday is unlikely to make much headway on the contentious issues of international financial regulation and a global bank tax to pay for any future bailouts.

Ministers are expected to fudge the tax issue by drawing up a “list of principles” for the group’s leaders to consider at a summit in Toronto on June 26/27, according to a G20 source.

Papering over differences would reinforce criticism voiced by officials — from both rich and emerging countries — that the G20 is more of a talking shop than an executive committee to steer the world economy.

“There is still a transition, in that having many more players at the table in a relatively disorganised way makes it hard to take decisions,” Garcia-Herrero said.

LEGITIMACY

Although world leaders last September elevated the G20 to be the premier international economic policy forum, it was telling that it was G7 finance ministers who held a conference call last month to discuss Greek and euro zone debt woes — an issue set to feature prominently in Busan. [ID:nN14134540]

Consensus over a bank tax would have eluded even the tighter membership of the G7, given Canada’s fierce opposition.

Still, the bickering is taking some of the shine off the G20′s impressive response to the 2008/09 financial meltdown. The group’s governments pledged $5 trillion in stimulus spending and loan guarantees in a display of urgency that some fear is fading.

“As the economy has started to recover, we observe a very diluted imperative for global cooperation and standard setting, in favour of more technical and nationalistic proposals,” Li Daokui, an economics professor at Beijing’s Tsinghua University, and Suzanne Nora Johnson, a trustee of the Carnegie Institution for Science in the United States, wrote in a paper for the World Economic Forum issued last week.

Yet markets ignore the G20 at their peril.

Accounting for 85 percent of global GDP, the group unquestionably enjoys greater political legitimacy than the G7.

And not least because China is a member, it is the G20 that holds the key to ironing out global economic imbalances.

“Increasingly the G20 is a big focus,” said Michael Buchanan, chief Asian economist for Goldman Sachs. “Given China’s preference for multilateral institutions, the G20 seems a much more appropriate forum for China to make its voice heard.”

Buchanan agreed that it would be better to have a smaller group — with the United States, China and a single euro zone representative at its core — to thrash out currency policy.

“But if you want to have a discussion about the risk to global growth and you don’t include China with a proper seat at the table, that’s not too sensible,” he said.

To improve the workings of the G20, governments are debating the merits of a permanent secretariat to ease the burden on the rotating presidency, a Chinese official said.

Garcia-Herrero with BBVA said that in addition to a stronger secretariat, the G20 could call on regional and international institutions to work on various issues.

“It would become more multilateral than it was at the G7 because there are more people involved. But that doesn’t mean it won’t work,” she said. (Additional reporting by Brian Love in Paris; Editing by Ken Wills and Neil Fullick)

Action replay: Soren out, Prez rule looms

Jharkahnd is set for yet another spell of President’s Rule with Chief Minister Shibu Soren resigning on the eve of Monday’s trust vote that he looked set to lose.

The Congress is not inclined to be a part of any alternative coalition government at this stage and the BJP remained firm on its decision not to support Soren. While the JMM in a last-ditch attempt offered support to the BJP, the latter said it wouldn’t accept the same.

According to sources, the UPA government at the Centre would prefer to have a brief spell of President’s Rule to put the house in order in the state that is witnessing increasing Naxal menace.

AICC in charge of Jharkhand

K Keshava Rao refused to spell out

the Congress’s stance. “It is for the Governor to decide now,” he told The Indian Express.

On Sunday night Soren called on Governor M O H Farooq to submit his resignation. Farooq asked him to continue as caretaker CM till further orders. “I will continue to work for the people,” said Soren.

Although the Congress reportedly did explore the possibility of forming an alternative coalition consisting of Jharkhand Vikas Morcha (Prajatantrik) of Babulal Marandi and Soren’s JMM, it made no headway as the Congress refused to have a JMM chief minister or give Soren any Cabinet berth at the Centre. The Congress was, however, willing to consider giving Soren’s son the Deputy CM’s post and to also consider a gubernatorial assignment for the JMM chief. Given Soren’s alleged softness for Maoists, the UPA crisis managers did not want him to have any say in running the state. Soren was reportedly not prepared to accept these terms.

Trying to save his government, Soren was learnt to have reached out to BJP president Nitin Gadkari, urging him to “forget my U-turns”, and even signing a letter of support to the party.

During a meeting held at the CM’s official residence on Sunday morning, JMM and All Jharkhand Students’ Union (AJSU) MLAs unanimously resolved to convey their offer to the BJP to revive the deal and to let Soren seek the vote of confidence on the floor of the Assembly on Monday.

“We appeal to all parties and members of the Assembly to rise above party lines and vote in favour of the motion of confidence,” said Hemlal Murmu, a JMM MLA. “We were with the BJP, we are with the BJP, and we will remain with the BJP.”

The JMM chief apparently banked on the fact that most of the BJP MLAs were inclined to accept his offer.

However, the BJP stuck to its stand of not having any truck with Soren. Dealt one embarrassing blow by Soren after another since the cut motion vote in Parliament, it had decided that enough was enough. The Left and Jharkhand Vikas Morcha too decided to oppose the trust vote.

According to Congress sources, after a brief spell of President’s Rule, fresh efforts would be made to cobble up an alternative coalition arrangement. “By that time, Shibu will also have done his loss-benefit analysis,” said a senior Congress leader.

President’s Rule had been lifted in Jharkhand only five months ago, nearly a year after it was imposed in December 2009 to pave the way for formation of a JMM-BJP government.

Soren’s son Hemant, however, remained confident of a JMM-backed government: “With his (Soren’s) resignation, the prospect of formation of a new JMM-supported government has brightened because no party or MLA is in favour of President’s Rule, followed by Assembly polls.”

Monsoon makes no headway in 6 days – govt

India’s annual monsoon, which is vital for farm and economic growth, has not advanced for the past six days after bringing rains to a far-flung island three days ahead of normal, weather officials said on Thursday.

Monsoon winds were weak, and may need up to two days to strengthen, D. Sivananda Pai, director of the National Climate Center in Pune, told Reuters over phone.

India Meteorological Department has forecast the June-September monsoon would hit the mainland on May 30 in Kerala.

“It is already raining in Kerala but we are waiting for certain characteristics of monsoon,” Pai said.

The rains reached the Andaman and Nicobar Islands on May 17, two days ahead of schedule, before moving to many parts of the Bay of Bengal in the following week.

The progress has not been swift since then due to last week’s cyclone Laila on India’s east coast.

Prime Minister Manmohan Singh’s government is banking heavily on monsoon rains, which irrigate 60 percent of the country’s farms, to calm food prices that soared after last year’s driest season in nearly four decades.

The government, which was voted back to power by a bigger mandate from the rural poor last year, is facing severe criticism due to high prices, especially of food. (Reporting by Mayank Bhardwaj; Editing by Ranjit Gangadharan)

AIG to revisit float plan if Pru bid fails – reports

The U.S. Treasury is re-looking at plans to float the Asian unit of AIG in case a bid by Prudential to buy the AIA fails, two British newspapers reported on Sunday.

Prudential boss Tidjane Thiam has been struggling to make headway with sceptical investors who question the value of his $35.5 billion acquisition of AIA.

The Sunday Times said officials had been working on the plans for two weeks, since the first signs of problems appeared with the Prudential deal — when the UK Financial Services Authority forced a tweak in the bid and an unprecedented last-minute delay.

The newspaper said a number of Asia’s biggest financial-services firms had been approached by advisers working for the American government. Chinese banks have also been sounded out on their interest.

In a separate report, the Independent on Sunday said AIG had asked Morgan Stanley and Deutsche Bank to refresh their analysis. The two were lead underwriters on the planned flotation before it was dropped in favour of the Prudential offer.

A source familiar with the situation was quoted as saying the two banks had reassured AIG they could still get a flotation away at an attractive price.

Prudential declined to comment on the reports.

(Reporting by Kate Holton; Editing by Louise Heavens)

Andersson Hed ends 13-year wait with Italian win

Fredrik Andersson Hed ended a 13-year wait for his maiden European Tour win when the 38-year-old Swede hung on grimly to claim the Italian Open title on Sunday.

The Swede began the final round six strokes ahead and a nervy one-over-par 73 earned him a two-shot victory over charging Briton David Horsey (68).

Despite carding a magnificent 63 in the third round, Andersson Hed had feared he would be tense on the final day after waiting so long for success and that proved the case. He finished with a 16-under-par 272 total.

His overnight lead was cut to four shots by Miguel Angel Jimenez at the first hole. A bogey by Andersson Hed and a birdie by the Spaniard caused the two-shot swing and left the Swede facing a nerve-jangling final round.

However, Jimenez then lost his way with three bogeys in four holes as Horsey, seven shots behind overnight, came storming after Andersson Hed.

A run of three birdies from the 11th brought the 25-year-old Englishman level with Andersson Hed, who could only manage one-over-par for the front nine.

When Horsey bogeyed the 14th by finding the clinging Royal Park rough, soaked by heavy afternoon rain, and then missing the green, Andersson Hed gained breathing space.

Horsey was unable to make any further headway on the lead and dropped a further shot with a bogey on the 18th, allowing Andersson Hed to pick up the $285,877 first prize with nine straight pars coming home.

(Editing by Pritha Sarkar; To query or comment on this story email sportsfeedback@thomsonreuters.com)

Rudd, Abbott lock horns on health

Prime Minister Kevin Rudd has used today’s leaders health debate to urge Opposition Leader Tony Abbott to take a national bipartisan approach to fixing the health system.

But Mr Abbott said he would only cooperate if Mr Rudd stopped “telling lies” about his record as health minister, accusing Mr Rudd of wanting automatic agreement to his ideas.

Mr Rudd and Mr Abbott have locked horns over health reform at the National Press Club debate, with both accusing the other of failing to make any headway to improve the system.

The move by Mr Rudd to hold a debate outside the election campaign was highly unusual.

Mr Rudd had the advantage of being able to spruik a substantial part of his new policy but Mr Abbott made no bones about his intention to pick it apart.

While Mr Rudd and Mr Abbott appeared to perform consistently, both the Nine and Seven Network’s “worms” favoured Mr Rudd as winner, as have some commentators.

The two leaders opted for very different strategies in their opening gambits before a panel of 11 press gallery journalists.

Mr Rudd began by acknowledging there was so much more to be done and said it was time for both sides of politics to work together.

“It’s time that as leaders we stopped pointing fingers at one another and started pointing to the way ahead,” he said.

“I just find this rolling tidal wave of negativity a bit hard to understand when mums and dads want practical action now.”

But when Mr Abbott’s turn came he wasted no time in attacking Mr Rudd as a do-nothing leader who is heading a Government that breaks promises and is incompetent in program delivery.

“Mr Rudd asks for me to cooperate with him and then he tells blatant lies about my record,” he said.

“You are not prepared to consult. Your problem is you want to dictate to people, and your own premiers are in revolt over this.”

When Rudd called on Mr Abbott to “work together for the future”, Mr Abbott laughed loudly over the top of his words.

During much of the debate Mr Rudd sought to emphasise that the Government was taking “positive” action on health, while painting Mr Abbott as a negative leader who had no alternative.

And he also took another opportunity to remind voters that Mr Abbott “ripped” $1 billion out of the health system, a claim Mr Abbott hotly denies.

“The [claim] is un-prime ministerial and you should stop making [it],” Mr Abbott said.

Despite the almost 90-minute debate, voters got very little new detail from either side about their health policies.

But Mr Rudd did say that if the funding-per-patient model caused rural hospitals to miss out, the Government would consider block grants.

“Of course we would look at a form of national block funding which was able to underpin the continuation of smaller rural hospitals in the future,” he said.

Mr Abbott seized on Mr Rudd’s comments as evidence he was changing his policy.

Mr Abbott also said the Opposition was committed to funding 3,500 new hospital beds.

Both leaders also dodged questions on whether they would commit to a government-funded dental scheme.

The Nine Network’s “worm” appeared to favour Mr Rudd for a substantial portion of the debate, noticeably diving when Mr Abbott went in on the attack.

During much of the debate Mr Rudd looked down while Mr Abbott spoke and took notes. In contrast Mr Abbott did not hesitate in interrupting Mr Rudd when he objected to his answers.

Mr Rudd used his closing remarks to appeal to Mr Abbott to “get behind” his plan.

“Every day that is lost is a day longer that it will take to fix this problem,” he said.

Mr Abbott finished his comments by saying all Mr Rudd had was a “series of platitudes”.

Earlier today the Opposition was forced to change a graph which illustrated past Coalition health spending, to acknowledge some of the funds in the 2007/08 year came from Labor.

Mr Abbott has so far provided little detail of the Opposition’s health policy but wants local boards to run hospitals in New South Wales and Queensland.

The Government wants to take over 60 per cent of hospital funding from the states and will spend more than $600 million on 5,500 GP and specialist places, with more details of its full plan still to come.

Unsurprisingly, politicians backed their leaders as the winner of the day.

Treasurer Wayne Swan said Mr Rudd had a plan while Mr Abbott had a “grudge”.

Opposition health spokesman Peter Dutton said he thought the public would “like what they see”.

Australian Medical Association president Andrew Pesce said the debate contained more politics than policy, but he was pleased with Mr Abbott’s commitment to more hospital beds and possible changes to rural hospital funding.

Carol Bennett of the Consumer Health Forum says people want more details from both sides.

“If you’re judging this debate on its value in terms of health and what it will do for the people as opposed to its entertainment value, then you’d have to say that at at least the Government put forward a plan,” she said.

ISAF troops in Afghanistan need to get rid of their seige mentality

Kabul, Aug.13 (ANI): For the vast majority of troops at the International Security and Assistance Force (ISAF) headquarters, Afghanistan remains an enigma, a threatening land lying beyond the concertina wire of the base.

When ISAF troops venture out from their base into the “red zone” (i.e. the comparatively safe streets of Kabul) they are prepared for combat.

Barreling through the crowded streets of a city that has been called a comparative “safety zone” by those fighting in the south, they jam the phone signals of average Afghans with their ECMs (electronic counter measures) and jam the roads with their convoys.

Defeat takes the form of thousands of casualty-phobic troops ensconced behind the walls, sand bags, and blast barriers of a well-protected safety bubble.

One would think that the coalition vehicles driving around Kabul in combat posture and menacingly waving 50 caliber machine guns at Afghans were storming a Taliban sangar (trench) in Helmand, not competing with rush hour traffic.

The only Afghan most ever meet is the Hazara carpet seller on base who serves authentic Afghan food once a month. And the only coalition soldiers most Afghans meet are encased in armor-plated vehicles or flak jackets.

Only a small percentage of “fobbits” (those who live in forward operating bases or FOBs) actually interact with average Afghans due to hyper-protective S.O.P. (standard operating procedures) meant to lessen their risks from interaction with Afghans.

ISAF troops suffer from a siege mentality that led the United States dangerously close to losing the war in Iraq in 2005 and 2006. U.S. forces in Iraq were more concerned with force protection than protecting the center of gravity in Iraq, the Iraqi people.

It was only when Generals Petraeus and Odierno pushed their troops out of the bases and into the streets of Iraq that they began to make headway in the counterinsurgency.

This meant more meetings with Iraqi people, who began to feel that the Americans were protecting them.

For the most part, the coalition has ceded the countryside of the south and parts of the east to the enemy, who took advantage of the vacuum left by enemy troops in 2003 when the U.S. was focused elsewhere.

The White House’s fear of engaging in grassroots nation building allowed the Taliban to fill the void. Pro-government khans and mullahs were executed, villagers cowed into submission, and “vanguard” groups sent onto the next province to lay mines and kill “infidel collaborators.” With no visible coalition presence outside of the provincial capitals, the Taliban swarmed the countryside.

Much the same thing happened in Afghanistan in the 1980s under the Soviets, who controlled the major roads and cities and remained safe in their bases for fear of sustaining casualties.

The U.S. Marines’ recent efforts to clear and hold territory in Helmand Province represent a welcome break from this barracked mentality.

It is only by establishing a reliable coalition presence in contested places like Helmand that the coalition can show the Afghans that they are there to stay and protect them. (ANI)

Twenty-nine militants killed in Swat

Islamabad, May 26 (ANI): Pakistan’s military operation in the Swat Valley is in full swing, which resulted in killing of 29 militants in last 24 hours.

The Taliban is trying to flee the areas and the operation in Swat valley is making headway successfully, Minister of State for Information and Broadcasting, Syed Sumsam Ali Bukhari, said.

He said at least 29 militants have been killed in the last 24 hours, and added that intense fighting is in progress in Kabal and Qambar areas of Swat.

The forces got control of at least three villages in the vicinity of Kabal, Sumsam Ali Bukhari said.

Pakistan Army spokesman Major General Athar Abbas said that at least six troops were martyred in the operation and 11 others wounded, adding the Mingora streets are witnessing close fighting at the moment; however, more than half of the city is under forces’ control.

“The claim regarding no resistance from Taliban is baseless,” The News quoted him, as saying.

On this occasion, Bukhari said the nation would soon hear the good news regarding the elimination of Taliban as their morale is quite low as compared to the high-spirited forces.

The state minister said the armed forces of Pakistan are gaining success with the support of the whole nation.

The government will undertake every action possible for the internally displaced persons, adding the government may curtail its development budget if it realizes the same necessary to help IDPs.

He maintained that arrested miscreants would soon be brought to the nation and requested the people to help recognize the disguised terrorists moving to other areas. (ANI)

Momentum in Afghanistan is with Taliban: US

Washington, May 26 (ANI): Defence Secretary Robert Gates has said the momentum in Afghanistan is with the Taliban, who are inflicting heavy American casualties and hold de facto control of parts of the country.

Gates further said American public support for the Afghan war would dissipate in less than a year unless the Obama Administration achieves “a perceptible shift in momentum.”

The Wall Street Journal quoted Gates as saying that the Obama Administration is rapidly running out of time to turn around the war.

“People are willing to stay in the fight, I believe, if they think we’re making headway. If they think we’re stalemated and having our young men and women get killed, then patience is going to run out pretty fast,” he added.

Gates, who was also Defenec Secretary during Bush’s Administration, waded into the debate over the Guantanamo Bay prison and Bush-era anti terror tactics.

He said critics of the Obama Administration’s plans to close Guantanamo and move some prisoners to the US were guilty of fear mongering.

Gates said government interrogators should be limited to the techniques contained in the Army Field Manual and barred from using harsher methods.

Gates also said Iran was harming US interests in Afghanistan by sending weapons to the Taliban and other armed groups.

He expressed particular concern that Tehran might step up its shipments of explosively formed penetrators, powerful roadside bombs capable of punching through even the strongest armour. (ANI)

TVs with internet are on the way

Berlin – You no longer need to bring your laptop over to the couch to check the weather or your RSS feeds while watching TV. Many new flat screen TVs offer an internet connection as an alternative to the old-fashioned video text option familiar to many.

That means you can play back a YouTube clip even while watching something else in the main window. Are hard times ahead for the PC as the multimedia hub? Hard to tell. The internet remains the province of high-end devices for right now, but it seems likely to move into more affordable TVs in the near future as well.

All attempts to bring internet to the television have struggled to date. Neither set-top web boxes nor receivers with web functionality made any headway, either due to a lack of features or poor reception on tube televisions.

“Set-top web boxes are too expensive, slow and unstable, and it’s much more complicated to surf with them than on a computer. And on top of that, there’s the bad picture quality.” That was how the German consumer testing organisation Stiftung Warentest saw the landscape back in 2000.

The new generation of Ethernet or WLAN-ready TV devices offers crisp text, images, and graphics. They generally do not provide a fully integrated browser. The manufacturers instead prepare special programming and content that can be accessed via remote control.

“The new concepts are winning converts through simple, familiar controls and the kind of attractive content that catches the attention of PC naysayers as well,” reads a review from Video magazine.

Philips is calling its internet service Net-TV. Devices in the 9000 series work with WLAN, while those in the 8000 series and the widescreen 21:9 models work with LAN connections. Unlike other manufacturers, Philips allows the internet information to take up the entire screen.

The user gets started by navigating to the Net-TV home page. Philips has established partnerships with content providers willing to adapt their content for the TV screen. In Germany this includes major web sites like tagesschau. de, bild. de, kicker. de and YouTube as well as MyAlbum as a photo archive. It’s also possible to enter in internet addresses directly, although Net-TV is unable to work with either Java or Flash.

At Panasonic the internet mode is called Viera Cast and involves little program windows surrounding a reduced-sized TV image. These “widgets” show the weather, stock prices from Bloomberg TV, latest headlines and videos television stations as well as clips from YouTube. Viera Cast is slated to be integrated into the V 10, G 15 and Z 1 devices.

Samsung has dubbed its program Internet@TV. It provides only one program window next to the TV image. That can be YouTube clips, as well as headlines or weather reports delivered from Yahoo. The photos section is provided via the Flickr service.

Samsung also offers a “content library,” which provides space to store videos, texts or photos, allowing the TV to be used as a form of digital frame. A “widget engine” from Yahoo will allow users to integrate their own little programs. Internet@TV will be available for units in the 6, 7, 8, 7000 and 8000 series.

Sony has outfitted models in the E5, V5, W5 and WE5 series with Ethernet jacks. The manufacturer calls the new internet functions AppliCast Services. It will initially offer access to photos stored on the internet servers and reading of reports sent to the TV through RSS feeds. The TV can access music, photos, and films (MPEG 2 and AVC-HD) on a local network using the DLNA standard. (dpa)

TABLE-Reuters April Tankan business confidence survey

(Click on [JP/TAN1] for main story)

TOKYO, April 16 (Reuters) – Confidence at Japanese companies is hovering
near a record low, a Reuters poll showed on Thursday, underlining the plight of
the economy, which is stuck in its worst recession since World War Two due to
crumbling demand at home and abroad.

But both manufacturers and service-sector firms expect the situation to
improve over the next three months, the Reuters Tankan showed, signalling that
Japanese corporate sentiment may have bottomed out as inventory adjustments make
headway.

Following is a table of indexes for key sectors, and a comparison with the
BOJ’s tankan survey:

JULY(f’cast) APR MAR FEB JAN DEC NOV
========================================================================
MANUFACTURERS (-52) -76 -78 -74 -76 -64 -42
————————————————————————
(Materials) (-52) -84 -87 -81 -83 -64 -39
– Textile/paper (-60) -80 -67 -89 -67 -50 -40
– Chemicals (-33) -81 -86 -75 -85 -52 -28
– Oil refinery/ceramics (-78) -89 -100 -78 -89 -88 -55
– Steel/nonferrous metals (-75) -100 -100 -100 -100 -100 -50
(Manufactured products) (-52) -70 -73 -69 -72 -64 -45
– Food ( 0) 0 0 0 -20 0 0
– Metal products/machinery (-67) -81 -81 -85 -86 -71 -52
– Electric machinery (-52) -83 -83 -76 -78 -73 -46
– Autos/transport equipment (-86) -100 -100 -88 -89 -89 -75
– Precision machinery/others (-33) -44 -78 -67 -63 -56 -33
========================================================================
NON-MANUFACTURERS (-28) -38 -37 -39 -31 -26 -16
————————————————————————
Real estate/construction (-35) -40 -47 -47 -30 -45 -27
– Retail/wholesale (-26) -36 -28 -29 -35 -23 -5
– Wholesalers (-38) -54 -36 -47 -29 -22 +7
– Retailers (-19) -26 -22 -16 -39 -25 -14
– Information/communications ( 0) -20 -22 -40 -22 -22 -18
– Transport/utility (-50) -47 -38 -50 -50 -17 -23
– Other services (-20) -44 -44 -40 -23 -21 -17
========================================================================
*** COMPARISON WITH BANK OF JAPAN TANKAN ***
========================================================================

MANUFACTURERS NON-MANUFACTURERS

RTRS BOJ RTRS BOJ
————————————————————————
JULY(f’cast) -52 – -28 -
JUNE(f’cast) – -51 – -30
– - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – -
APR (2009) -76 – -38 -
MAR -78 -58 -37 -31
FEB -74 – -39 -
JAN -76 – -31 -
DEC (2008) -64 -24 -26 -9
NOV -42 – -16 -
OCT -25 – -9 -
SEPT -14 -3 -10 +1
AUG -16 – -6 -
JULY -10 – -3 -
JUNE -2 +5 -2 +10
MAY -2 – 0 -
APR +1 – +3 -
MAR +8 +11 +2 +12
FEB +9 – +2 -
JAN +17 – +1 -
DEC (2007) +21 +19 +13 +16
NOV +23 – +9 -
OCT +21 – +19 -
SEP +24 +23 +14 +20
AUG +30 – +14 -
JUL +28 – +19 -
JUN +31 +23 +16 +22
MAY +29 – +21 -
APR +28 – +26 -
MAR +28 +23 +23 +22
FEB +30 – +20 -
JAN +35 – +23 -
DEC (2006) +34 +25 +21 +22
NOV +34 – +22 -
OCT +34 – +20 -
SEP +30 +24 +20 +20
AUG +30 – +22 -
JUL +35 – +24 -
JUN +39 +21 +20 +20
MAY +35 – +23 -
APR +34 – +24 -
MAR +25 +20 +16 +18
FEB +34 – +17 -
JAN +33 – +22 -
DEC (2005) +32 +21 +20 +17
NOV +27 – +21 -
OCT +15 – +25 -
SEP +20 +19 +19 +15
AUG +16 – +17 -
JUL +16 – +18 -
JUN +20 +18 +17 +15
MAY +23 – +16 -
APR +18 – +16 -
MAR +18 +14 +16 +11
FEB + 9 – +19 -
JAN +17 – +15 -
================================================================
***ADDITIONAL QUESTIONS***
Q2. Where do you expect the Nikkei to be at the end of May?

AVERAGE HIGHEST LOWEST
OVERALL 8,447 10,000 6,500
MANUFACTURERS 8,541 10,000 6,500
NON-MANUFACTURERS 8,348 9,750 6,500
—————————————————————-
Q3. Where do you expect the dollar/yen exchange rate to be at the end of May?

AVERAGE HIGHEST LOWEST
OVERALL 97.43 105.00 90.00
MANUFACTURERS 97.47 103.50 90.00
NON-MANUFACTURERS 97.38 105.00 90.00
—————————————————————-
Q4. Where do you expect the 10-year Japanese government bond yield to be at the
end of September? (percentage of respondents)

below 1.2- 1.4- 1.6- 1.8- 2.0- 2.2- 2.4 or

1.2 % 1.39% 1.59% 1.79% 1.99% 2.19% 2.39% above
—————————————————————————
OVERALL 4 52 32 10 1 0 0 0
MANUF’S 5 50 36 8 2 0 0 0
NON-MANUF’S 3 55 29 12 1 0 0 0

The Reuters Tankan covers 200 large manufacturers and 200 non-manufacturers
excluding the financial sector. A total of 219 responded to the first question
in the poll taken from March 26 to April 13.

The index readings are derived by subtracting the percentage of respondents
who say conditions are poor from those who say they are good. A negative reading
means most of those surveyed are pessimistic about conditions.
(For more stories on the Japanese economy, click [ID:nECONJP])
(Reporting by Izumi Nakagawa)

Woods makes no headway in Augusta winds

By Mark Lamport-Stokes

AUGUSTA, Georgia (Reuters) – A frustrating U.S. Masters second round of missed opportunities for Tiger Woods ended when he lipped out with an eight-foot putt for par at the last on Friday.

The world number one, a four-times champion at Augusta National who is seeking his 15th major title, had to settle for a level-par 72 to lie seven strokes off the lead.

“I didn’t get a whole lot out of my round,” the 33-year-old American told reporters after posting a two-under total of 142 in tricky, swirling winds. “Conditions were tough.

“It was just tough all round. Not only is it blowing but it’s also changing … so you can go through pretty much a three-club swing (difference).”

Competing in his first major since his remarkable playoff victory at the U.S. Open in June, Woods failed to build momentum after starting the round five strokes off the pace.

He offset two birdies with two bogeys to reach the turn in even-par 36 before getting to three under with another birdie at the par-five 15th.

Frequently backing off shots as strong gusts blew through the pine trees, Woods found a greenside bunker with his approach at the par-four 18th and failed to get up and down.

“A lot of wasted opportunities today,” said Woods, who was sidelined for eight months after reconstructive knee surgery in June.

CLEANING UP

“I’ve got to play a little bit better than I have, make a few more putts and clean up my round. I made a few more putts today but still didn’t make enough.”

Asked if he was concerned to trail the leaders by seven shots, Woods replied: “As of right now, no.

“You’ve got to play smart. Birdies can be had if you time the wind correctly and hit a good shot but you’ve still got to be smart about it.”

Woods, who totaled 29 putts on Friday, will have to make one of the best 36-hole comebacks at the Masters to claim his fifth Green Jacket.

Fellow American Jack Burke Jr overhauled a record eight-stroke deficit midway through the 1956 edition to triumph by a shot.

“We’ll see what happens,” said Woods, who trailed by six after 36 holes at the 2005 Masters before beating fellow American Chris DiMarco in a playoff.

“We’ll see what the weather conditions present and if you’ve got to make any adjustments, whether you can play aggressive or if you have to play conservative.

“I need to play a little bit better than I have.”

(Editing by Tony Jimenez)

UN team arrives for Bhutto killing probe

Islamabad, April 7 (IANS) A UN team has arrived here to lay the ground for a probe by the world body into the assassination of former prime minister Benazir Bhutto.

The six-member team is headed by Mark Quarterman. It is likely to visit the spot in the adjacent garrison town of Rawalpindi where Bhutto was killed Dec 27, 2007 in a gun and bomb attack as she left a political rally.

The team will also meet officials of the police and other law enforcement agencies.

Pakistan had earlier this year sought a UN probe into Bhuttto’s killing after its own investigations and one by Scotland Yard failed to make headway.

This is largely because the spot where Bhutto was killed was hosed down soon after, destroying whatever evidence that could have been gathered.

Baitullah Mehsud, who leads the Pakistani Taliban, is one of those suspected of having a hand in Bhutto’s killing.

US needs to convince India it can keep Pakistan in check: Stratfor

Washington, April 7 (IANS) As the United States tries to sell Pakistan its plan of negotiating with Afghan Taliban, it will have to assure India that Washington can keep Pakistan and its militants in check, says a leading US think tank.

‘For the United States to make any headway getting Pakistan on board with its plan, it needs to ensure that Islamabad does not get distracted by its primary security threat: India,’ Stratfor, a global intelligence company, said in an analysis as two senior US officials headed to the region.

US special envoy to Pakistan and Afghanistan Richard Holbrooke and Joint Chiefs of Staff Chairman Adm. Mike Mullen arrive in New Delhi Tuesday for high-level talks on President Barack Obama’s Af-Pak strategy after Visiting Islamabad and Kabul.

The Indians are well aware that the Pakistan’s Inter-Services Intelligence (ISI) ‘is not prepared to cut ties with its array of militant proxies, particularly those the ISI has cultivated to focus attacks on India in the name of Kashmir,’ Stratfor noted.

‘As the ISI tries to rein in those militant proxies that have slipped from Islamabad’s grasp, it will likely try to regain their support by redirecting their attention away from Pakistan and toward India, an enemy on which both Islamabad and the militants can agree. As a result, it is likely India will come under attack again,’ it said.

Meanwhile, Washington needs Islamabad to focus on its western border with Afghanistan, not on India, the think tank said as ‘the last thing the United States needs is for India and Pakistan to come to blows again.

‘To dodge this outcome, Holbrooke and Mullen will have to do their best to convince New Delhi that Washington can keep the Pakistanis in check,’ it concluded.

Holbrooke and Mullen were in Islamabad Monday for talks with senior Pakistani leaders, including Foreign Minister Shah Mehmood Qureshi, army chief Gen. Ashfaq Kayani and Lt. Gen. Ahmed Shuja Pasha, director general of the ISI. They were in Kabul the previous day.

The trip is one of many US visits to the region aimed at turning around Washington’s fortunes in Afghanistan, where Obama intends to pursue a strategy of bringing ‘reconcilable’ Taliban militants into the Afghan political fold. To give this strategy even a remote chance of success, Washington needs to get Pakistan on board, Stratfor said.

Wall St Week Ahead: Optimism may extend rally in short week

U.S. stocks should rally further next week, if investors get more signs that the economic slump is abating and earnings season does not get off to a rocky start.

Alcoa Inc will report results on Tuesday in the unofficial start of first-quarter company results.

But given that the aluminum producer is expected to post another loss, the outlook it provides will be key to investor sentiment.

In the holiday-shortened week, volume could be light, raising the specter of increased volatility as investors look to string together a fifth straight week of gains. Many market participants are likely to be out of the office next week, when Passover begins. Markets will be closed on April 10 for the observance of Good Friday.

After investors got a boost in recent weeks from economic reports suggesting that the grip of the 16-month-old recession may be easing, analysts said stocks probably would make further headway.

The benchmark S and P 500 ended on Friday up 24.5 percent from a 12-year low hit in early March.

The broad market’s recovery from that significant low helped to propel the Dow Jones industrial average to its best 4-week advance since 1933. On Friday, the Dow closed back above 8,000 for the first time since early February.

For the week, the Dow advanced 3.1 percent, the S and P 500 rose 3.3 percent and the Nasdaq climbed 5 percent.

“I think we’ve still got quite a bit of room on the upside,” said William Stone, PNC Wealth Management’s chief investment strategist in Philadelphia. “We seem to have become medicated in March and into early April and have shrugged off some negative numbers,” he said.

“The medication was that expectations on the economy got low enough that we were able to get some numbers that while ugly, are a bit better than expected,” Stone added.

HOPES THAT THE WORST IS OVER

The highlights of next week’s economic releases include Wednesday’s minutes from the Federal Reserve’s March 17-18 policy meeting at which it decided to pump an additional $1 trillion into the U.S. economy, partly by buying government bonds for the first time since the 1960s.

On Thursday, the government will release data on the latest weekly jobless claims and the international trade deficit for February.

Besides that, investors will keep tabs on any rhetoric out of Washington as the Obama administration works to prop up the banks and drive initiatives for economic recovery.

“The last couple of weeks, we have been seeing a few green shoots of slightly better macro data,” said John Praveen, chief investment strategist at Prudential International Investments Advisers in Newark, New Jersey. The market will be looking for “follow-up on whether we are going to have an improvement in the macro data.”

Also set to command attention: The U.S. Securities and Exchange Commission will meet on Wednesday to consider an updated version of the so-called uptick rule to regulate a type of trading blamed for dramatic declines in stocks.

Friday’s bleak March non-farm payrolls data became the latest economic data point that the stock market shrugged off, leading some analysts to say the economic damage could not possibly get much worse.

According to the government data, the U.S. unemployment rate soared to 8.5 percent last month, a fresh 25-year high, as employers cut 663.000 jobs and slashed workers’ hours to the lowest on record.

Even so, the benchmark S and P 500, the Dow Jones industrial average and Nasdaq all finished the session in positive territory, and each registered their fourth straight weekly advance.

Still, there are concerns that the stock market’s recent run higher could soon hit a pothole.

“We believe a deep pullback to 750-775 in the S and P 500 is the kind of final low we expect to see,” JPMorgan U.S. equity strategist Thomas Lee said in a note.

The S and P 500 ended on Friday at 842.50, and according to Thomson Reuters data, the index’s 200-day relative strength chart shows that it remains well off the range that typically signals overbought conditions.

A NEGATIVE MILESTONE FOR EARNINGS

Analysts expect Alcoa to report a second consecutive quarterly loss next week, mostly due to the fact that the price of aluminum has dropped nearly 10 percent this year.

Alcoa, like most producers, has cut production in the last six months as the global economic downturn stunted demand.

“The question is: ‘What is the outlook for these companies for the rest of the year?’ Like all of us, they don’t know. All they can really do is project the current environment, which is clearly negative,” said Tim Ghriskey, chief investment officer of Solaris Asset Management in Bedford Hills, New York.

According to the latest Thomson Reuters data, first-quarter earnings are expected to drop 36.6 percent from a year earlier, marking the longest streak of negative growth since Thomson Reuters began tracking the data in 1998.