Low-rated U.S. firms may struggle to refinance debt: S&P

(Reuters) – Low-rated U.S. companies may struggle to refinance more than $1.7 trillion in debt that comes due between 2011 and 2014 as growing economic concerns make banks and investors more reticent to lend, Standard & Poor’s said on Wednesday.

The amount of risky bonds and loans that mature each year will steadily climb to a peak of $550 billion in 2014, S&P said in a report.

“We believe that many borrowers at the low end of the ratings scale will encounter serious hurdles to their refinancing needs in 2013 and 2014,” said S&P Managing Director John Bilardello.

Lower-rated companies took advantage of good credit markets last year and at the beginning of this year to refinance debt, S&P said.

However, “in our view, very low market demand for collateralized debt, combined with U.S. banks’ own refinancing needs, makes it apparent why the credit markets have once again tightened after a significant bounce back in the early part of 2010,” the rating agency said.

Refinancing risk in coming years will be most prevalent for companies hit hardest by the recent recession, including consumer-dependent firms, S&P said.

This includes restaurants and retailers, who have $8.9 billion in debt due in 2011, another $12 billion 2010 and almost $17 billion maturing in 2013. Media, entertainment and leisure companies have $17.7 billion in debt due next year, another $36.5 billion due in 2012 and $50.6 billion maturing in 2013, S&P said.

(Reporting by Karen Brettell; Editing by Dan Grebler)

Low-rated US firms may struggle to refinance debt-S&P

June 16 (Reuters) – Low-rated U.S. companies may struggle to refinance more than $1.7 trillion in debt that comes due between 2011 and 2014 as growing economic concerns make banks and investors more reticent to lend, Standard & Poor’s said on Wednesday.

Bonds | Global Markets

The amount of risky bonds and loans that mature each year will steadily climb to a peak of $550 billion in 2014, S&P said in a report.

“We believe that many borrowers at the low end of the ratings scale will encounter serious hurdles to their refinancing needs in 2013 and 2014,” said S&P Managing Director John Bilardello.

Lower-rated companies took advantage of good credit markets last year and at the beginning of this year to refinance debt, S&P said.

However, “in our view, very low market demand for collateralized debt, combined with U.S. banks’ own refinancing needs, makes it apparent why the credit markets have once again tightened after a significant bounce back in the early part of 2010,” the rating agency said.

Refinancing risk in coming years will be most prevalent for companies hit hardest by the recent recession, including consumer-dependent firms, S&P said.

This includes restaurants and retailers, who have $8.9 billion in debt due in 2011, another $12 billion 2010 and almost $17 billion maturing in 2013. Media, entertainment and leisure companies have $17.7 billion in debt due next year, another $36.5 billion due in 2012 and $50.6 billion maturing in 2013, S&P said. (Reporting by Karen Brettell; Editing by Dan Grebler)

Gates tells U.S. troops: no gay ban repeal imminent

Defense Secretary Robert Gates sought on Friday to ease concerns among U.S. troops about plans advancing in Congress to end the military’s ban on homosexuals, saying a long, careful review process lay ahead.

Gates, in his first major address to U.S. troops on the politically charged legislation, said he did not expect Congress to pass the repeal for months, perhaps not until the end of the year.

Even then, the U.S. military would have to give final approval and would not do so without a comprehensive review that included troops’ input.

“Every man and woman in uniform is a vitally important part of this review. We need to hear from you and your families so that we can make these judgments in the most informed and effective manner,” Gates said.

“So please let us know how to do this right.”

The House of Representatives on Thursday approved an amendment aimed at ending the Clinton-era “don’t ask, don’t tell” policy that allows homosexuals to serve if they keep quiet about their sexual orientation but expels them it if becomes known. More legislative hurdles remain.

Recent polls show most Americans support repealing the 1993 ban, as does President Barack Obama.

But opponents, including some within the military, question changing the policy during wartime, arguing it would put added strain on troops stretched by wars in Afghanistan and Iraq.

FOCUS ON WAR EFFORT

Opposition Republicans, gearing up for congressional elections in November in which they are expected to make gains, are rallying around the issue. They have accused Obama of pandering to gay rights advocates and ignoring the pressures on troops.

Gates asked troops to stay focused on the war effort and not the rhetoric in Washington.

“Do not let the on-going political debate distract you from what is important — our critical mission to defend our country and our duty to uphold the values represented by the uniform you wear,” he said, in an address aired on TV by the Pentagon.

Republican Senator John McCain, Obama’s opponent in the 2008 election, has spoken out against the repeal. He points to letters from the heads of the U.S. Army, Navy, Air Force and Marines saying they had wanted Congress to wait until the Pentagon completed its internal review before acting.

Senate Armed Services Committee Chairman Carl Levin noted the Pentagon still had a big say in the process and would need to change its internal regulations to implement the repeal.

“It’s still up to them,” he said.

(Additional reporting by Susan Cornwell, editing by Alan Elsner)

Liu laid low by long neck and lingering pain

Liu Xiang, still struggling to rid himself of the injury that has dogged him since the Beijing Olympics, is not even the best high hurdler in China any more on the evidence of Sunday’s Diamond League meeting in Shanghai.

The former 110 metres hurdles Olympic and world champion finished third behind Olympic bronze medallist David Oliver and, even more surprising, his compatriot Shi Dongpeng.

Such is his low level of expectation now, however, that far from being downcast by being so soundly beaten — Oliver ran 12.99 seconds to his 13.40 — the 26-year-old was encouraged by his performance in his home city.

“13.40 is a good time for me now. I was very happy to make that time today,” the 26-year-old told reporters.

“My foot was definitely not right. For me it was quite a challenge. Competition relies on training, systematic, intensive and high quality training. But I have had none.”

This was all a far cry from the days when Liu was in his pomp, winning gold at the 2004 Athens Olympics, setting the then world record of 12.88 seconds in Lausanne in 2006 and taking the world title in Osaka a year later.

His secret was not the devastating power of hulking Americans like Oliver, but the quick feet and sublime technique that allowed him to overhaul the bigger men over the 10 hurdles.

The decline began during messy preparations for what was supposed to be his finest hour, the 2008 Olympics, and such was secrecy that surrounded him, speculation ran wild that he was either mentally or physically damaged.

LONG NECK

The pain etched on his face as he left the Bird’s Nest after failing to start the Aug. 18 heats settled that debate and an Achilles injury took the blame for ending Chinese hopes of watching one of their own winning gold at the arena.

It took six months for a decision to be made that he should undergo surgery on his foot and since then his recovery has been so slow that suspicions have resurfaced about his mental fragility.

“I sometimes feel I am even confused about myself,” Liu added. “Each athlete experiences ups and downs … From being undefeatable to now eventually losing to one after another who I had never lost to, it is tough.

“But I have to deal with it, the mind set.”

Shi was one of those who had never beaten Liu before Sunday night.

“I feel happy for Shi,” Liu told reporters. “Previously he had had many chances to beat me but he just missed out on all of them. It has not been easy for him until now.”

Shi, who ran 13.39 to edge Liu into third, seemed to be quite enjoying the biggest moment of his career.

“I was so exhausted during the final sprint for the line, I beat Liu thanks to my longer neck,” he joked.

Shi, a decent Asian level hurdler, is not about to replace his team mate as Olympic-obsessed China’s great track gold medal hope and Liu seems reconciled to carrying that burden for another couple of years until the 2012 Olympics.

“I feel the London Olympics is a distant story,” he said. “I just need to start with the most trivial things in my training without expecting too much for London. Nothing else.

“But still have confidence in myself. The key thing is to dig out what I have done wrong and correct it.”

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

Govt. would lend all support to SC over summoning Musharraf : Pak law minister

Islamabad, May 20 (ANI): Pakistan Law Minister Babar Awan has made it clear that the government would not obstruct the judiciary’s way in summoning former President General Pervez Musharraf.

Addressing the Senate during the conclusion of the debate on Presidential address to the joint sitting of the Parliament, Awan said the Pakistan People’s Party (PPP) led government would lend all support to the Supreme Court if it decides to summon Musharraf in cases concerning the National Reconciliation Ordinance (NRO).

“The government will not create any hurdles in the way of the apex court if it summons Musharraf in connection with the NRO,” The Daily Times quoted Awan, as saying.

“The Pakistan People’s party (PPP) believes in accountability, but it should be across the board and must not result in political victimisation. It should not be for a specific person or party,” he added.

During his speech, Awan also defended President Asif Ali Zardari over the issue of holding two offices.

“There is nothing in the Constitution that suggests that more than one office cannot be held by a President,” he said. (ANI)

New book explores key to lasting romantic relationships

Melbourne, May 14 (ANI): Making a relationship work takes a lot more than just buying expensive gifts and romantic dinners. And with the same idea in mind, American relationship therapists Charlie and Linda Bloom have come up with a book that explores marriage and the obstacles couples face to make it work.

When Charlie and Linda came close to divorce after 37 years of marriage, instead of separating, they decided to work on it mutually, and share their experiences with others like them.

‘Secrets of Great Marriages’, a collection of first-person accounts from 27 couples considered to have extraordinary relationships, was published this year.

The Blooms came close to divorce a couple of times during their marriage. But what kept them together is the mutual desire to move past the hurdles of a marriage and truly be happy with each other.

“It”s not commitment to the marriage or commitment to staying together.

“It”s commitment to the process of using this relationship to grow and make something of our lives that”s greater than it could have been if we”d been on our own,” The Age quoted Charlie as saying.

“We made a pact early on that we would live the growth model of a relationship rather than the comfort/security model,” Linda said.

The book is a collection of stories about couples that pushed through heartbreaking obstacles – affairs, financial ruin, illness – and emerged stronger for it. In an interview, the Blooms discussed their book and what they”ve learned about great marriages.

‘Q: What”s the difference between a good marriage and a great marriage?

Linda: In a great relationship, you”re in a growth mode. There are times it”s going to be tough, but you mine it for the gold. You are growing qualities of courage, of patience, to become a person of integrity. That is the earmark of these great couples. They didn”t start out like that; they didn”t come in with these skills and qualities. This has been on-the-job training. They grew into people who feel good about themselves and they”re still evolving.

Q: A big concern couples often have is that the passion will wane. What are realistic expectations for the fire, and how do you keep it burning?

Charlie: The fire does cool, thank God. I don”t think that”s necessarily a bad thing. … There”s a difference between having a deep relationship and a hot relationship. Sometimes you can have both. Part of it is a cultural thing where we are adrenaline junkies and people are terrified of not having enough stimulation. But stimulation is not all it”s cracked up to be. These couples (in the book) stimulated each other in ways that they didn”t when they were younger. It”s a function of how alive they stay in life.

Q: Is there such a thing as being too independent from each other?

Charlie: There is such a thing as too much separateness. There should be a mutually satisfying degree of separateness and togetherness. Most good couples, they just like each other, they just enjoy each other”s company, so naturally they will want to spend time together. But if one person is working at a job that takes her away for long periods of time, but when she comes back she is able to be really present with her partner, then that may work for them.

Linda: When people are able to attend social functions separately, it can be a good sign. There”s enough trust in the relationship and closeness in the relationship that they don”t have to hold onto each other so tight.

Q: How do you know when it”s time to cut bait?

Charlie: There are relationships that really can”t and shouldn”t be saved. But I believe that most couples that divorce, divorce before they”ve really given the marriage their best shot. If they had hung in there longer, there”s a chance they may have been able to salvage it,’ reports The Age. (ANI)

GJM chief accuses West Bengal government of creating hurdles

Champasari Block (WB), May 5 (ANI): Gorkha Janamukti Morcha (GJM) chief Bimal Gurung has charged the West Bengal Government with creating hurdles in the democratic movement of his party.

Speaking to reporters here on Tuesday, Gurung termed this act of the Left Front as follies similar to its mistakes in Singur and Nandigram, which would wipe out the ruling alliance in the 2011 assembly elections.

“We know that the police will intercept us everywhere…the policemen blocked us our agitations which is not good. This very policy will wipe out the state government. The government had followed this policy in Nandigram and Singur and it is the main reason of the fallout of CPI (M) in the province and I hope that in the forthcoming 2011 assembly elections the party would be wiped out completely,” Gurung said
The sixth round of tripartite talks between the GJM, the Central and West Bengal Governments”” is to be held on May 14.

The GJM had agreed during the fifth round of tripartite talks in New Delhi to the constitution of Interim Council by next year prior to the creation of a separate state.

The Gorkhas are demanding a separate state to protect their culture and heritage.

The Gorkha population in West Bengal is estimated to be around a million. (ANI)

Obama and Medvedev sign disarmament treaty

In a scene that would have been unimaginable at the height of the Cold War, the leaders of the United States and Russia have signed an agreement to reduce their nuclear arsenals.

Surrounded by the golden opulence of Prague’s hill-top castle, US president Barack Obama and his Russian counterpart Dmitry Medvedev shared a laugh as they signed the bound documents, considered the biggest advancement in nuclear disarmament in decades.

It is being described as a historic, not just for the relationship between the former enemies but for the security of the world.

The agreement will cut strategic nuclear arsenals deployed by the former Cold War foes by 30 per cent within seven years but leave each with enough to destroy the other.

“This is a whole range of issues that I think that we can make significant progress on. I am confident that this is an important first step in that direction,” Mr Obama said.

Mr Medvedev was full of similar praise.

“This is a win-win situation. No one stands to lose from this agreement. I believe that this is typical future of our cooperation,” he said.

The former adversaries will reduce their arsenals to 1,550 deployed warheads over the next seven years.

And in another sign of growing cooperation they agreed that Iran may face tougher sanctions over its nuclear ambitions.

“Regrettably Iran is not responding to many constructive proposals that have been made and we cannot turn a blind eye to this,” Mr Medvedev said.

The new agreement has to be ratified by both the Russian parliament and the US Senate, and Mr Obama will need a handful of Republicans onside to get the two-thirds vote required.

William Cohen served as defence secretary in the Clinton administration and is concerned about the agreement.

“Politics has no place here. There is a legitimate question to be raised about the merits,” he said.

“Are we safer with this? Does this make us more vulnerable?”

But there are still hurdles ahead.

There is also the issue of America’s plans to build a missile defence shield in Europe. Russia has reiterated its opposition and that could be an obstacle to any further disarmament talks.

Moving forward is what Mr Obama hopes world leaders will do next week when they meet in Washington to discuss ways to secure nuclear weapons from terrorists.

ANALYSIS – Hurdles could delay Senate action on START

Lack of outright Senate opposition, so far, to the new arms reduction treaty that President Barack Obama is to sign with Russia this week does not guarantee quick approval — or even that approval will happen at all.

Supporters, though, are confident that the treaty will ultimately win approval in the Senate where Obama’s Democrats have the majority, but not the required 67 — or two-thirds– vote.

“I’m pretty confident that if we can get this treaty to a final vote, not only will the treaty pass, but it will pass with a very large majority,” said John Isaacs, Executive Director of the Center for Arms Control and Non-Proliferation.

Obama and Russian President Dmitry Medvedev meet in Prague on Thursday to sign the successor to the 1991 Strategic Arms Reduction Treaty. The new START commits the ex-Cold War foes to cut arsenals of deployed nuclear warheads by about 30 percent.

The White House hopes that by the end of 2010, the Senate as well as Russia’s parliament, the Duma, will have approved the deal. Senate committee hearings could begin this spring, as soon as the treaty and annexes are sent to Capitol Hill. No action is required in the House of Representatives.

Analysts say potential obstacles to the Senate’s consent lie not so much in what is in the new treaty, but concerns that some Republicans have raised about related matters: U.S. missile defense programs and the modernization of the U.S. nuclear arsenal.

U.S. politics and procedural rules could also delay Senate action and indirectly, that of Russia’s Duma. Russian officials say they want to “synchronize” ratification, suggesting they may not be willing to vote until the Senate does.

But Senate Republicans soured by the recent healthcare battle with Obama may be in no rush to hand him a foreign policy victory ahead of November congressional elections.

“There is a danger that it (the new START) will have difficulty overcoming the intense partisan obstructionism in that body,” analysts Max Bergmann and Samuel Charap of the Center for American Progress wrote this week.

ARGUMENTS FOR APPROVAL

On the merits, there has been little criticism of the new START so far. Many lawmakers in both U.S. political parties favor nuclear arms reductions, as well as keeping some level of cooperation going with the Russians.

Many are also likely to think that some means of verifying Russia’s nuclear arsenal is better than none. The old START treaty expired last December, although both sides pledged to uphold the spirit of the deal while seeking a replacement.

If things do get tricky in the Senate debate, “it’s because the debate becomes broader, rather than just the narrow debate about the provisions of the treaty,” said Tom Donnelly, defense analyst at the American Enterprise Institute.

Republicans are looking for evidence that Obama will keep the remaining U.S. arsenal up-to-date, he said.

U.S. missile defense programs are not limited by the treaty, but they are another potential source of trouble in the ratification process. Russian Foreign Minister Sergei Lavrov says Moscow will withdraw from the new START treaty if U.S. missile defense threatens Russia, although he suggested this was unlikely to happen in the near future.

Stephen Rademaker, a former head of the State Department’s arms control bureau, said some U.S. senators might wonder why they should vote for the treaty if the Russians intend to use it as leverage to stop missile defense policies that Obama already has declared.

“Is there an intention on both sides to live with this treaty, or are the Russians essentially coming to this wedding declaring that they want to get married but they don’t intend to live in holy matrimony?” Rademaker asked during a forum at the Heritage Foundation in Washington this week.

But Ambassador Linton Brooks, who negotiated the first START treaty under former President George H.W. Bush, noted that Russian statements about missile defense may be aimed at Russian audiences.

“It would be tragic if we allowed Russian statements made for domestic purposes to derail it (new START),” he said.

Progress in Rayney defamation case

The lawyer for Perth barrister Lloyd Rayney says a major hurdle has been cleared in his client’s defamation case against the State of W-A.

Mr Rayney is suing the State over comments by police that he was the prime suspect in the 2007 murder of his wife Corryn.

Mr Rayney denies any involvement in her death and no one has been charged with her murder.

Today, W-A’s Chief Justice Wayne Martin ruled that Mr Rayney was allowed to include in his defamation claim comments by police in three news conferences, before the one in which they described him as a suspect.

His lawyer, Martin Bennett says the decision means a trial date may soon be set.

“So the matter can now proceed,” he said.

“This is the last of the major hurdles, pleadings out of the way we’re now into discovery, we’re now dealing with the action we now progress through to trial.

“We move now into the meaty part of giving discovering documents, proving the extent of loss and damage that Mr Rayney has suffered.”

Jumps season changes frustrate trainers

A jumps horse trainer in Warrnambool is unsure about the future of the industry after several changes to this year’s season.

The season opening has been pushed back 11 days to April 17 because of problems importing hurdles.

Trainer David Londregan says some races have been cancelled and horses will not get a chance to run in a long race before the Warrnambool Grand Annual Steeplechase in May.

He says trainers are frustrated by Racing Victoria’s decisions.

“They don’t want them and they’re not helping us and I think that if they don’t want them, stop them,” he said.

“If they want them, help us.

“But they’re not helping us, so it’s just getting so frustrating at the moment, where they won’t come up front and say what they want.

“They’re just stringing us along on a little skinny string.”

Call for ‘jihad against India’ during PoK terror rally

Islamabad, Mar. 24 (ANI): In what certainly puts Pakistan’s claims on clamping down on extremist groups under scrutiny, hundreds of armed militants, including those from the banned Jamaat-ud-Daawa (JuD), and the Hizbul Mujahideen, gathered in Kotli town of Pakistan occupied Kashmir (PoK) vowing to wage ‘jihad’ against India and fight for Kashmir’s ‘freedom.’

Hundreds of people attended the public rally shouting slogans against India and urging people to fight for the freedom of Kashmir through placards reading: “We are ready for jihad.”

Addressing the terror gathering, which was organised on the occasion of Pakistan Day, Hizbul Mujahideen commander Syed Salahuddin said ‘jihad’ against India must continue unless India liberates Kashmir.

“Diplomacy, talks and negotiations spanning several decades have not worked. The only way to liberate Kashmir is jihad. Jihad will continue until India ends its occupation of Kashmir,” The Daily Times quoted Salahuddin, as saying.

He also denied the involvement of ‘jihadi groups’ in the wave of terror attacks that has killed hundreds in Pakistan in the recent past.

The rally comes less than a month after the Pakistan government was urged not to create hurdles in the way of ‘freedom fighters’ struggling for the cause of an ‘independent Kashmir’ during a ‘terror meet’ in Muzaffarabad.

The ‘terror meet’, which was organised by anti-India jehadi organizations and was attended by former Inter Services Intelligence (ISI) chief Hamid Gul and other extremist leaders, called for continuing the jihad till freedom is won from India.

Although the event was organised by the lesser known Tehrik Azadi-i-Jammu Kashmir last month, it was in effect a show of the Jamaat-ud-Dawa, which maintainined a low profile in the region since 26/11. (ANI)

Iran annoyed over Pak’s delay in finalising electricity import deal

Islamabad, Mar.23 (ANI): Iran has expressed serious discontent over the delay on the part of Pakistan in finalising the deal regarding importing electricity from it.

Iran’s Ambassador to Pakistan Masha’allah Shakeri said Tehran had signed a memorandum of understanding (MoU) with Islamabad in 2008 regarding providing 1,135MW of electricity, but even after 15 months no final agreement had been reached.

Shakeri said he has met Prime Minister Yousuf Raza Gilani, Power Minister Raja Pervez Ashraf and several top Pakistani officials in the past year and half but there has been no response from Islamabad.

“I’m perplexed. I can’t understand what’s wrong with the Iranian offer. Time is of the essence. Should Iran wait forever. What was the need to sign the MoU,” The Dawn quoted Shakeri, as saying.

He said Iran is ready to help Pakistan overcome the numerous hurdles it is currently facing, and could also offer financial support in future.

“Honestly we would like to go with Pakistan. Our objective is to address Pakistan’s immediate electricity needs. We are ready to build infrastructure. Our cooperation can even include financial assistance,” Shakeri said.

Iran, which is the world’s 19th largest electricity producer, is eyeing becoming a regional power hub, and says that several major countries such as Russia, India, Qatar, the UAE, Jordan, Syria and Oman have shown interest in buying electricity from it.

(ANI)

US-Pak nuke deal will further complicate South Asian security, says Chinese expert

New Delhi, Mar 23 (ANI): The security situation in South Asia could get further complicated if the US agrees to have a civilian nuclear deal with Pakistan, according to experts.

Pakistan and the US are set to hold their first high-level strategic dialogue this week in Washington, co-chaired by US Secretary of State Hillary Clinton and Pakistan’s Foreign Minister Shah Mehmood Qureshi.

Pakistan wants a nuclear deal with the US on the lines of Indo-US civil nuke deal, the China Daily reports.

The dialogue, however, is unlikely to result in any substantive progress on the nuclear deal between the two sides, and the deal would only undermine relations between the US and India, pushing India to seek more cooperation from Russia, said Hu Shisheng, a scholar of South Asia studies at the China Institutes of Contemporary International Relations.

Hu said there were still two key hurdles in the nuclear cooperation between the US and India, the US has refused to transfer nuclear technology to India and has not given India the right to reprocess nuclear waste.

“If the US makes another exception for Pakistan, India will be irritated, and that will likely derail the US-India relationship. India then is likely to turn to Russia for more (assistance), which the US doesn’t want to see (happen),” the China Daily quoted Hu, as saying.

If a civil nuclear pact is reached between Pakistan and the US, China would face a little less pressure in responding to Pakistan”s requests for nuclear cooperation, he said.

Yet, there will be more problems as far as the security situation in South Asia is concerned, he said.

China-Pakistan ties have been a big concern for India. “Where will China-India relations go if China cooperates with Pakistan in civil nuclear deals?” Hu queried.

“The situation is already complicated in South Asia. The US-Pakistan (likely) pact will only introduce more complexities,” Hu concluded. (ANI)

Paralympians to inspire a nation

Federal Sports Minister Kate Ellis is urging all Australians to get behind our athletes ahead of the 2010 Vancouver Winter Paralympics.

Australia’s largest ever Winter Paralympic team, made up of 11 athletes and three guides, is presently in Vancouver, with competition to officially get underway on Saturday.

Ms Ellis says the team is carrying on Australia’s proud Paralympic history.

“Sport shows us the great heights we as humans can reach and the hurdles that we can overcome,” she said.

“The Paralympics in particular show use the power we have to overcome adversity and shine.

“Like all Australians, I watched with great pride as Torah Bright, Lydia Lassila and Dale Begg-Smith won medals at the Winter Olympics. I’m sure we’ll feel that pride again as our Paralympians hit the snow and ice.”

Australia has participated in every winter Paralympics since the games were first held in 1976 in Ornskoldsvik, Sweden.

The past five Paralympics have resulted in medals, with Australia now boasting a total of 24 medals from nine appearances, 11 of them being gold.

The Australian team is likely to add to that tally in Vancouver, especially with both Shannon Dallas and Cameron Rahles-Rahbula going into the games as reigning world champions in the men’s sitting Slalom and the standing Slalom respectively.

All the results and highlights from the Vancouver Paralympics will be televised on ABC 1 from 6:30pm from Saturday March 13 to Monday March 22.

Russia to build 12 reactors in India

Russian officials say they will build at least 12 nuclear reactors for power stations in India, as prime minister Vladimir Putin visited India to reaffirm decades-old ties.

Russia is competing with French and American firms for lucrative contracts to build nuclear power plants for energy-hungry India, as Asia’s third-largest economy needs to boost its supply to help sustain rapid economic growth.

“So far it is clear that it will be 12 [reactors], and this is not the final figure,” said Sergei Kiriyenko, the head of Russia’s state nuclear corporation.

He added that six reactors would be built between 2012 and 2017.

Mr Putin pledged on Friday to boost banking and technology cooperation with India, seeking to bolster ties with a Cold War ally that has been shifting focus towards the United States.

Russia wants to boost trade with India to $US20 billion ($21 billion) by 2015 from the current $US8 billion.

Together with China and Brazil, Russia and India make up the so-called BRIC group of major emerging economies, whose global influence is rising.

The two nations also seek a greater role in stabilising the region because both share security interests emanating from Islamist militant violence and the war in Afghanistan.

“India is our strategic partner … which is an evidence that our geopolitical interests almost fully coincide,” Mr Putin told a conference with businessmen in the Indian capital New Delhi.

Setting the tone for his one-day visit – mainly aimed at keeping one of the world’s biggest arms importers interested in Russian weapons – Mr Putin offered state financial aid for the Indian telecoms unit of a Russian conglomerate.

Mr Putin also vowed to remove hurdles in the banking sector that he said were hampering mutual trade, and signalled that the government was ready to encourage joint ventures and acquisitions in the sector.

- Reuters

Grant to aid gas hub Indigenous jobs

The Kimberley Land Council (KLC) says a $500,000 Commonwealth grant will enable Aboriginal people to make the most of job opportunities associated with the Kimberley gas hub.

The money has been allocated to the KLC’s job readiness program from the Commonwealth’s Innovation Fund.

The program aims to overcome the hurdles facing Aboriginal people when applying for jobs, such as poor literacy and numeracy.

The KLC’s Wayne Barker says it is an ambitious task and one that governments have failed to do over many decades.

“It’s not about ticking boxes or anything, it’s about trying to get some real movement on Indigenous employment,” Mr Barker said

“We understand that there are hundreds of jobs out there and there are more coming with the development of the LNG gas industry in the Kimberley and other types of industries.

“So we want to be prepared to take up those opportunities and actually get some employment outcomes.”

Tribal boy with 260 hours flying experience now a cabbie

NEW DELHI: A Scheduled Tribe boy from Hyderabad wanted so desperately to become a pilot, he took a bank loan to pay for the training and notched up 267 hours of flying, 17 more than is required for a Commercial Pilot’s Licence (CPL). But, instead of ending up in the cockpit, he now drives a taxi in Hyderabad.

P Chandan Chakravarthy of the Kondakappu tribe could not manage to get his dreams take wing but the lad clearly possessed an extraordinary level of determination.

He enrolled at the Andhra Pradesh FLying Club (now known as AP Aviation Academy) in April 1995. Back then, every hour of flying cost Rs 600. By 2001, when he accumulated 267 hours, the cost had spiralled to Rs 2,800 per hours. A resolute Chakravarthy took a bank loan of Rs 7.5 lakh.

He applied to the Directorate General of Civil Aviation (DGCA) for his CPL but the DGCA turned him down saying his basic qualification — 10+2 from the Aeronautical Society of India — was not recognized. Chakravarthy moved the AP High Court, but was told the courts could do little about a DGCA policy decision.

Undeterred, the lad went back to school, passed the class 12 exam all over again and applied for a CPL once again, in 2006. But the DGCA turned him down again saying he had not flown 200 hours in the last five years. (By 2006, the criteria had changed from 250 flying hours to 200).

In effect, if Chakravarthy wanted to pursue his dream against all odds, he would have to start afresh and painfully clock up flying hours, each of which now costs Rs 10,000. He would have to invest another Rs 20 lakh.

Despite hurdles, Chakravarthy, did not give up hope overall but in the short term, he decided to drive a taxi to feed his family and pay off the bank loan. In the meantime, he pleaded with the DGCA to exempt him from the mandatory 200 flying hours.

Chakravarthy says he could, at best, meet requirements for CPL renewal, that is 25 hours of flying, which includes 15 hours of solo, four hours of cross country covering 250 nautical miles, five night landings, five hours of instrument flying and tripple test or day, night and instrument test. “It will take me six more months. But to ask for a repeat of entire flying hours is beyond my means,” he says.

Now, he has managed to persuade Congress Working Committee Member Oscar Fernandes to write to civil aviation minister Praful Patel, requesting that his case to be dealt with on humanitarian grounds rather than within rule-bound parameters.

Chakravarthy, who has presented his case afresh to the DGCA, now waits to hear the decision that could mean he either gets to the cockpit or behind his taxi’s steering wheel.

Passport refused to footballer due tohis father’s link with militants

Srinagar, Sep 16 (ANI): The regional passport authorities of Jammu and Kashmir have denied passport to a Kashmiri youth, sighting the reason of his father’s involvement with militants in the valley.

A Nineteen-year -old youth, Basharat Bashir, was all set to fly to Spain for the soccer training, but the news of denial of passport has crushed his dreams.

“They were (passport authorities) only telling me that your case has not been recommended by the Criminal Investigation Department (CID) and FRO from police. I know they have denied me to give the passport because my father was a militant,” said Ahmad.

Bashir was among the 11 players selected by International Sports Academy Trust (ISAT) for training in Spain, but was dropped at the last moment because of non availablitiy of passport.

When contacted, the passport office authorities refused to talk about it.

Former Indian football captain Abdul Majeed Kakroo said it was injustice to Bashir and demanded the intervention of state Chief Minister Omar Abdullah in the matter.

“His father was into wrong things but now he has improved. Now, why should his son suffer for that? Why should he be denied the passport, and hurdles put in his way? On behalf of all the football players I would request the chief minister to help him,” Kakroo said.

Bashir also said that he was a year-and-a-half old when his father was arrested and was later released.

“He had become militant even before my birth,” Bashir said. By Parvez Butt (ANI)

Women lawmakers outperform male counterparts, says study

Washington, Sep.16 (ANI): A study conducted by Stanford University and the University of Chicago reaerchers has concluded that women lawmakers in Congress introduce more bills, attract more co-sponsors and bring home more money for their districts than their male counterparts do.

The study, accessed by Politico, examined the performance of House members between 1984 and 2004, and found that women delivered roughly nine percent more discretionary spending for their districts than men.

While there are obviously variables beyond gender – seniority, party affiliation, majority/minority status and the differing priorities of a freshman and a veteran lawmaker – the researchers say they’ve accounted for those in making their male-to-female comparisons.

The researchers also found that women introduced more legislation than men who served in their same districts, often hitting the ground running in their first terms.

“We find that, on average, women sponsor about three bills more per Congress per term than their male counterparts. They co-sponsor more bills than other members, and they also obtain more co-sponsors for their own bills,” said one of the researchers.

Since 1789, women have constituted just two percent of the total congressional population. The ratio of female to male representatives has increased in recent years, but the pace is still fairly glacial: Nearly 17 percent of House members are women today, compared with about 3 percent in 1979.

Researchers say the small number of female members may have something to do with their effectiveness. Women who run and win are likely the most politically ambitious and talented of their pool, having potentially overcome hurdles including voter bias and self-doubt about their ability to win.

Female candidates also tend to attract more challengers. Politically eligible women tend to doubt their ability to get elected and raise money more than men do, multiple studies have indicated.

Once women get to Capitol Hill, those hurdles may drive them to perform better, on average, than male counterparts who have faced a less contentious road. (ANI)