US groups urges Senate reject China currency bill

June 30 (Reuters) – A broad coalition of U.S. business groups urged senators on Wednesday not to approve a bill that would allow the United States to use import duties against China’s exchange rate policy.

“We agree that China needs an exchange rate that better responds to global trade flows,” the U.S.-China Business Council and about two dozen other groups said in a letter to each member of the Senate.

“We strongly disagree that legislation is the best means to acheive that goal,” the groups said. (Reporting by Doug Palmer; Editing by Theodore d’Afflisio)

Schumer says Congress must up pressure on China

(Reuters) – Senator Charles Schumer said on Sunday China’s gradual approach to lifting its currency peg amounted to “backing off” its promises, and urged strong legislation that might force further changes.

Politics

A day after announcing changes to its exchange rate regime, China on Sunday explicitly ruled out a one-time revaluation of the yuan, which officials say is artificially — and unfairly — low.

“Just a day after there was much hoopla about the Chinese finally changing their policy, they are already backing off. It vindicates our initial skepticism,” said Schumer, a prominent voice on the issue of China’s exchange rate in Washington.

“We intend to move forward as quickly as possible with legislation,” he said. “It is only strong legislation that will get the Chinese to change and will stop jobs and wealth from flowing out of America as a result of unfair trade policies.”

US Senator Schumer: Congress must up pressure on China

June 20 (Reuters) – U.S. Senator Charles Schumer said on Sunday China’s gradual approach to lifting its currency peg amounted to “backing off” its promises, and urged strong legislation that might force further changes.

Currencies | Bonds | Global Markets

A day after announcing fresh changes to its exchage rate regime, China on Sunday explicitly ruled out a one-time revaluation of the yuan, which U.S. officials say is artificially — and unfairly — low.

“Just a day after there was much hoopla about the Chinese finally changing their policy, they are already backing off. It vindicates our initial skepticism,” said Schumer, a prominent voice on the issue of China’s exchange rate in Washington.

“We intend to move forward as quickly as possible with legislation,” he said. “It is only strong legislation that will get the Chinese to change and will stop jobs and wealth from flowing out of America as a result of unfair trade policies.”

(Reporting by Pedro Nicolaci da Costa and Thomas Ferraro, Editing by Sandra Maler)

Good chance for ‘reasonable’ US reform bill-Volcker

June 9 (Reuters) – There is a good chance that the sweeping U.S. financial reform bill will be passed in a “reasonable form,” White House economic adviser Paul Volcker said on Wednesday, adding the bill could provide a basis for international coordination on coherent legislation.

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He added there is no basis yet for “business as usual” in U.S. and European financial markets, despite some economic growth over the last year.

The proposed “Volcker rule” being debated by U.S. lawmakers would ban risky proprietary trading unrelated to customers’ needs; bar them from sponsoring hedge funds and private equity funds; and limit their future growth through a new cap on market share. (Reporting by Jonathan Spicer; Editing by James Dalgleish)

Pak rights group demands legislation for Hindu marriage registration act

Islamabad, May 19 (ANI): Pakistan’s Scheduled Caste Rights Movement (SCRM) has demanded a legislation for registering Hindu marriages in the country, in the absence of which women of the minority community are deprived of their basic rights.

Speaking during a debate titled ‘Rights of the Scheduled-Caste Hindus’, several representatives of the community were of the view that Hindu women do not get their due share in the property of their husband or parents.

“They are also unable to get health services, cast a vote, obtain a passport, and buy or sell any property,” the orators opined.

Several human rights activists who participated in the debate, urged the law makers to hasten the progress of the Pakistani Hindu Marriages Registration Bill 2009, whose draft has already been submitted to the Ministry of Minority Affairs and Ministry of Human Rights for consideration, The Daily Times reports. (ANI)

Growth areas tax may pass Upper House

The Victorian Government has hinted its controversial growth areas tax might pass through the Parliament within days.

The Opposition and minor parties had blocked the new tax, which would fund infrastructure in Melbourne’s growth areas.

The legislation was referred to a cross-party parliamentary committee, whose members are prohibited from speaking publicly.

But the treasurer, John Lenders, told Parliament, the committee has negotiated a compromise.

“I’m delighted that the disputes resolution committee is also suggesting a way forward on the GAIC (Growth Areas Infrastructure Contribution) legislation,” he said.

“That is a compromise from everyone’s point of view, because that actually lets us deal with the urban growth boundary issues.”

“I think that is a credit to all involved.”

Govt defers solarium debate

The ACT Greens have attacked the Government for delaying their bill tightening restrictions on solariums.

The proposed laws would stop people under 18 and those with very fair skin from using solariums.

The Government has adjourned debate, saying it is planning to introduce national regulations.

Greens MLA Amanda Bresnan says that is a poor excuse.

“The national regulations have been promised for over two years, New South Wales and Victoria got sick of waiting, they went ahead with their own regulations and legislation,” she said.

“This is a preventative health measure ready to go but I don’t think it would have mattered what we put forward.

“The Government wouldn’t have supported it because they want to claim credit.”

Middle-aged Americans most optimistic about health care bill: Poll

Washington, Apr 28(ANI): A new poll indicates that middle-aged Americans are much more likely to approve the health care bill.

According to a University of Iowa (UI) Hawkeye Poll, 53 percent of 35- to 54-year-olds are in favor of the legislation.

This support is despite the fact that only 28 percent of the age group believes the reform will improve quality of coverage, and 63 percent expect it to increase their out-of-pocket medical costs.

Approval of the bill was only 28 percent for those in the 18-34 age range, 36 percent for the 55-69 range, and 33 percent for 70-plus.

The poll was conducted from March 27 to April 3, just after the health care reform was signed into law.

“Provisions in the bill that reduce the risk of losing health insurance may be especially appealing to the middle-aged group,” Newswise quoted Nathan Darus, a UI doctoral student in Political Science, who helped conduct the poll, as saying.

“Those with kids may be particularly sensitive to the impact a sudden loss of insurance could have on family finances. While some believe the bill may increase their out-of-pocket costs, they appear to be more concerned about maintaining access to coverage,” he added. (ANI)

Ousted Kyrgyz President Bakiyev charged with organizing mass murder

Bishkek (Kyrgyzstan), Apr 28(ANI): Three weeks after ousting President Kurmanbek Bakiyev, the interim Kyrgyzstan government has charged him with organizing mass murder linked with the country’s bloody unrest earlier this month.

Kyrgyz interim Deputy Prime Minister Azimbek Beknazarov said the interim government has adopted a legislation accusing Bakiyev of organizing mass murder and abusing power.

He said the legislation has also removed Bakiyev’s presidential immunity, and insisted the interim government would make a formal request for his extradition from Belarus to stand trial back home.

“A decree approving the extradition had been adopted by the interim government and the request would be sent to Minsk,” the Xinhua news agency quoted Beknazarov, as saying.

At least 85 people were killed in the protests that overthrew Bakiyev, whose security forces fired on the protesters as they stormed government buildings in Bishkek.

The interim government says Bakiyev ordered the police and soldiers to shoot.

After fleeing Bishkek, Bakiyev took refuge in his hometown of Osh and tried to regroup, but after being shot at, agreed to an internationally brokered deal to resign and go into exile. (ANI)

Australia”s High Commissioner expects fall in Indian students visa applications

Chennai, Apr 19 (ANI): Australia”s High Commissioner to India Peter Varghese on Monday said the visa applications by Indian students would drop in the current year following a series of attacks on them.

“The application for the student”s visa will fall this year. I think that probably reflects a whole number of factors but I think in larger term, we will see a rebuilding of the numbers,” said Peter Varghese on the sidelines of a function in Chennai.

Varghese further said that a slew of measures have been undertaken by the Australian Government to ensure safety to Indian students.

“The government has been taking several measures to address the issue. I believe, we are succeeding in managing it. We have increased police”s resource; we have changed legislation to give police greater power to search, said Varghese.

“We have ensured that perpetrators are brought to justice as soon as possible, we had over 70 arrests of those involved in these attacks and they are being dealt with our court system,” he added.

Over 100 cases of assault and death have been reported since last year in Australia, especially from Melbourne city and its suburb due to radical overtones. (ANI)

Government slow to bring in legislative changes

The Pilbara Aboriginal Contractors Association has expressed frustration over the time it is taking the State Government to consider legislative changes to force miners to engage with Aboriginal companies.

The association says it is unfair that Aboriginal people are missing out while the nation’s economy is reaping billions of dollars from the resources sector in the Pilbara.

The association’s General Manager Tony Wiltshire says the legislation would be beneficial for Aboriginal contractors and save money for resources companies.

“To date, the West Australian government hasn’t invited us to discuss anything about the report and very few resource companies have,” he said.

“Our next move is still to continually put pressure on the companies and also the government to actively engage Aboriginal people in discussions involving [and] concerning Aboriginal business.”

Labor urged to abandon Tarkine Road

An environmental group wants Labor to formally abandon its Tarkine Road plan.

The $23 million project is being assessed by the Federal Government, and still needs approval by State Parliament.

Scott Jordan from the Tarkine Coalition says it is clear legislation for the road has no chance of making it through parliament.

“Our expectation would be that both the Liberal party with 10 votes and the Greens with five votes have run campaigns against the road,” he said.

“So our feeling would be that there’s now 15 votes against, and only 10 for, so we would expect that the Tarkine Road is finished.”

Mr Jordan says a Tarkine National Park would have the support of the community.

“It will be a great driver for tourism and for jobs in the local region,” he said.

“We think now that the heat of the election is over, we’d like to think that all three parties can sit down and look at it as something that’s positive for the region, positive for the environment and is a win all around.”

Written off: NSW bans re-registration

The New South Wales Government is moving to make sure that cars that have been written off stay off the road.

The plan is aimed at stamping out a practice known as car ‘rebirthing’, where write-offs are repaired using stolen parts.

Transport Minister David Campbell says the ban on re-registering write-offs will help curb theft and protect drivers from unsafe repair jobs.

“Too many of these vehicles are doctored up in backyard chop shops and are dangerous when they are brought back on the road,” he said.

About 36,000 vehicles are written off in NSW every year. Fourteen-thousand of them are repaired and end up back on the road.

James McCall, from the Motor Traders’ Association says 60 per cent of those re-registered vehicles are dodgy.

“Some of these vehicles are death traps,” he said. “They endanger the lives of consumers in NSW.”

New South Wales is the first state to make the move. The Government says it’s reaching out to the other states and territories to get them on board to stamp out the problem nationwide.

“I expect that will lead to some criticism but i don’t apologise for it,” Mr Campbell said.

One group that stands to lose from the legislation is the insurance industry. Insurers will only be able to recoup money from selling the parts from write-offs, rather than the whole vehicle.

From August, write-offs will be crushed and entered onto a register.

Garrett pledges caution over new resort plan

Federal Environment Minister Peter Garrett says he will carefully consider new plans being drawn up by Tower Holdings up for a resort on Great Keppel Island off central Queensland.

Mr Garrett rejected previous plans because of environmental concerns and says the new plan must ensure the World Heritage area is protected.

“We want to make sure that we look at these projects very thoroughly [and] they’re considered carefully under the national environment legislation,” he said.

“Until such time as a proposal is in front of me I won’t say anything other than we will always diligently seek to make sure that the environment standards that we apply to projects right around Australia are those that the public would expect.”

Mr Garrett says any plans must ensure the natural area is protected.

“That’s something which I will take advice on from the department,” he said.

“I’ll listen carefully to any issues that are brought forward by the proponents [and] if I need to get extra scientific advice then I’ll make sure that I’ve got that in front of me.

“And of course we take careful note of community views but at the end of the day, I make the decision on my own, very mindful of the responsibilities I have under the national environment laws.”

Activist questions subdivision rethink

An environmental activist wants to know why a coastal development east of Kempsey that was put ‘on hold’ is now going ahead.

John Jeayes says in 2006 the Department of Lands told him land to be used for sections three to five of the Goolawah Estate at Crescent Head was recommended for environmental conservation.

He says Planning Minister Tony Kelly has now announced the subdivision can go ahead.

Mr Jeayes says he will fight that decision.

“We’ve proved core koala habitat, with breeding females present,” he said.

“It’s old-growth forest, you’ve got several really old red gum trees there. We’ve found threatened species of bats there.

“Tony Kelly, his manager has advised that they have investigated the potential to do it legally and the legislation says they can so they will.”

Mr Jeayes says the development would threaten a number of fragile species.

“Core koala habitat, glossy black cockatoo habitat and habitat for threatened species of bats,” he said.

“Through the North Coast Environment Council we’ve asked the Environmental Defenders Office to do a freedom of information application on Departments of Lands and Planning and Kempsey Shire Council to find out why they changed their mind.”

Global effort needed to thwart militant violence: Krishna

Beijing, April 06 (ANI):Indian Foreign Minister S M Krishna in Being on Tuesday sought global co operation and a comprehensive legislation in the United Nations to face militancy as a universal threat.Krishna,accompanied by the Foreign Secretary Nirupama Rao arrived in China on Monday on a four-day visit with an aim to consolidate bilateral ties.

Britain now seen as a ‘safe haven’ for war criminals

London, Apr.6 (ANI): Record numbers of alleged mass murderers and torturers have found safe haven in the UK, making this country one of the war criminal capitals of the world, The Independent has reported.

Among the war crimes suspects living in Britain are senior officials from the regime of Saddam Hussein, a member of the Criminal Investigations Department in Zimbabwe under Robert Mugabe, and a Congolese police chief who confessed to a crime during a media interview.

But although the Home Office has handed the names of 51 suspects to the Metropolitan Police, not a single case has been prosecuted in the UK courts.

A further 500 suspects uncovered in the past five years have been refused residency or immigration and refugee status because of government concerns over their involvement in war crimes.

The new figures, obtained by the Aegis Trust, a human rights group which campaigns against genocide, after a question from the Tory MP Stephen Crabb, a member of the House of Commons International Development Committee, paints a picture of Britain fast becoming the destination of choice for war criminals on the run.

The Government enacted new war crimes legislation nine years ago which gave the courts the power to try suspects accused of committing war crimes overseas. To date only one British soldier has been convicted under this legislation. (ANI)

U.S. Senate Finance chair mulls China currency bill

U.S. Senate Finance Committee Chairman Max Baucus will watch China’s currency practices closely in the coming weeks and months to decide what legislation Congress should pass on the issue, a committee aide said on Monday.

“Chairman Baucus is concerned that Treasury’s decision to delay its currency report repeats the same failed approach to U.S.-China economic policy,” the aide said.

U.S. Treasury Secretary Timothy Geithner decided on Saturday to delay until at least June a decision on whether China is manipulating its currency for an unfair trade advantage.

Baucus “will be watching China’s actions closely in the coming weeks and months to determine what legislative steps need to be taken to ensure that China’s currency practice does not harm America’s ranchers, farmers and workers,” the aide said.

(Reporting by Doug Palmer; Editing by Leslie Adler)

Obama says hopes to finish financial reform in weeks

CHARLOTTE, N.C., April 2 (Reuters) – President Barack Obama said on Friday he hoped the United States would finish up a broad overhaul of financial regulation in the next “several weeks.”

Regulatory News | Bonds

Congress is currently considering legislation that would set strong new rules to govern the financial sector.

(Writing by Jeff Mason, Editing by Sandra Maler)

Commonwealth says aaahhh

The federal member for Page says a new dental school planned for Ballina will help to reduce the waiting list for public dental care in the region.

The Commonwealth has pledged almost three quarters of a million dollars to the facility, which will provide four training clinics for students from the University of Sydney.

Janelle Saffin says that’s good news for those who may not be able to afford regular dental care.

“It will certainly help them because the students who come and do the training are final-year student, plus it’s at the Ballina Dental Clinic which is in the hospital where we already have dentists and dental therapists and people can get treatment,” Ms Saffin said.

“The Government’s trying to reintroduce (the) Commonwealth Dental Scheme which was axed in 1997,” she said.

“That created a huge waiting list of people waiting to get dental treatment, a lot in our area, that’s stuck in the Senate, blocked by the Coalition,” Ms Saffin said.

“This will help a little bit but we need to have the Coalition unblock that legislation,” she said.