Tuesday, July 23, 2013

EU putting Hezbollah military wing on terror list

Women wave Hezbollah flags while holding a picture of the movement's chief Hassan Nasrallah in Lebanon on May 25, 2013.

STORY HIGHLIGHTS

  • UK's Hague says the move is a "clear message" that the EU is united on terrorism
  • This comes amid a new initiative for Israeli and Palestinian talks
  • Hezbollah has been supporting Bashar al-Assad
  • Israel's justice minister calls the decision "correct and just"

(CNN) -- The European Union forged a political agreement Monday to list the military wing of Hezbollah as a terrorist organization, a European diplomat told CNN.

The Iranian-backed Lebanese Shiite group, which is a strong force in Lebanese politics, already is regarded as a terrorist organization by the United States and Israel.

Hezbollah leader acknowledges fighters' presence in Syria town

There had been political pressure to put the entire group on the terror list amid developments in Bulgaria and Cyprus. The designation would put asset freezes on Hezbollah entities.

"Legal details need to be worked on in the coming days," the diplomat said.

The Bulgarians cited evidence that Hezbollah's military wing was involved in a terror attack last year killing five Israeli tourists and a Bulgarian bus driver. In Cyprus earlier this year, a court found a Hezbollah member guilty of assisting in the planning of an attack on Israel. Lately, its fighters have sided with Syrian President Bashar al-Assad in that country's civil war.

Read more: Terrorism at a moment of transition

The European Union agreed to target just the military component, the diplomat said. Critics of such an approach say designating part of an entity isn't effective or practical.

Israeli Justice Minister Tzipi Livni's spokeswomen called the decision "correct and just." It "puts an end to the wrong argument" that Hezbollah's military activities are absolved by the group's political status. "Even if Hezbollah is a political party, that does not whitewash and make legitimate their terrorist activities," the spokeswoman said.

UK Foreign Secretary William Hague said the agreement sends "a clear message" that the European Union "stands united against terrorism."

"It shows that no organization can carry out terrorist acts on European soil, such as the appalling attack in Bulgaria one year ago, without facing the consequences. European nations have rightly come together in response," he said.

Donilon: Hezbollah not 'responsible political actor'

Hezbollah was formed after Israel invaded Lebanon in 1982 to go after the Palestine Liberation Organization and has been accused of high-profile terror attacks over the years.

Opinion: Time for G8 to make Hezbollah statement

"Hezbollah first gained notoriety in 1983 after it bombed the United States Embassy in Beirut -- an attack that killed 63 people. Shortly thereafter, Hezbollah bombed the American and French Marine Barracks in Beirut, killing 241 Americans and 58 French service members with one of the largest explosive devices ever detonated during a terrorist attack," Tom Donilon, President Obama's former national security adviser, wrote in a New York Times column earlier this year.

"Throughout the 1980s and 1990s, the group conducted kidnappings and airplane hijackings, two bombings in Buenos Aires, several in Paris and an attempted bombing in Bangkok. In 1996 it assisted in the Khobar Towers attack in Saudi Arabia, which killed 19 Americans. Thanks to this bloody record, in 1997 Hezbollah was among the first groups added to the State Department's list of foreign terrorist organizations."

Donilon said the group has tried to portray itself as a political entity focused on social services and defending the country.

"But it is an illusion to speak of Hezbollah as a responsible political actor. Hezbollah remains a terrorist organization and a destabilizing force across the Middle East," he said.

Renewed Israeli-Palestinian talks planned

The latest EU move comes amid two diplomatic developments last week -- its own intention to ban funding to Israeli entities in the West Bank and East Jerusalem, and serious diplomatic wrangling over peace in the Middle East.

U.S. Secretary of State John Kerry is working to bring Israelis and Palestinians together for peace talks.

Opinion: Europe, name Hezbollah in terror

EU foreign policy chief Catherine Ashton noted that the European Union published a document reiterating "the long-held position that bilateral agreements with Israel do not cover the territory that came under Israel's administration in June 1967."

The move prompted criticism out of Israel and from some U.S. lawmakers, who called it "counterproductive."

She said the "specific provisions" of the guidelines covering Israel-EU "funding instruments" won't be implemented before January 1, 2014.

"This is meant to clarify the EU's position in advance of negotiations of agreements with Israel during the forthcoming financial perspective commencing in 2014. In no way will this prejudge the outcome of peace negotiations between Israelis and Palestinians. It has been the EU's long-held position that it will recognize changes made to the borders once agreed," Ashton said.

She said the European Union is "deeply committed" to peace negotiations.

Hezbollah has been a staunch opponent of Israel. The Jewish state and Hezbollah also fought a war in 2006 after the military group kidnapped and killed Israeli soldiers.

CNN's Nick Paton Walsh reported from Beirut and CNN's Joe Sterling reported from Atlanta

Source: http://rss.cnn.com/~r/rss/cnn_latest/~3/k23SH-z60vw/index.html

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Gatwick outlines 'constellation' plan for London airports

By Rhys Jones

LONDON (Reuters) - Gatwick airport laid out a cheaper and faster solution to London's passenger capacity crisis on Tuesday, outlining how a second runway at its south London site would cost just 9 billion pounds and be up and running in just over a decade.

After attempts to expand the city's biggest airport, Heathrow, ran into local opposition, the Conservative-led government set up an independent commission to examine proposals and report back after the next parliamentary elections in 2015.

The competing lobbies have launched their detailed solutions to the issue, with Gatwick, the city's second largest airport, the latest.

The cheapest option put forward for a third runway at Heathrow would cost 14 billion pounds and be ready by 2025 at the earliest.

Expanding another smaller airport to the north of the city, Stansted, would cost an estimated 10 billion, while Mayor Boris Johnson's plans for a new four-runway hub to be built either east of central London on the Isle of Grain or further out in the Thames Estuary on a man-made island by 2029 would cost at least 50 billion.

Gatwick, owned by Global Infrastructure Partners, said a new runway south of its existing site 30 miles south of London would help reduce the city's dependency on Heathrow as a big hub airport.

"Other world cities, including New York, Tokyo, Paris and Moscow, also operate a multi-airport or 'constellation' system, and handle greater numbers of passengers than cities relying on a single 'hub'," Chief Executive Stewart Wingate said.

The project would be privately financed, he said, and could be up and running by 2025.

The government and business want to expand flights to fast-growing economies to ensure Britain doesn't miss out on billions of pounds of trade. With Heathrow, London's biggest airport, operating at 99 percent capacity, more runways are needed.

Gatwick presented three options for an additional runway, which can be used in different ways. It also claims its proposals would have a much lower noise footprint than a three-runway Heathrow, affecting fewer than 5 percent of the people Heathrow impacts today.

(This story corrects location of new runway in the sixth paragraph)

(Editing by Patrick Graham)

Source: http://news.yahoo.com/gatwick-outlines-constellation-plan-london-airports-084027555.html

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Land-clearing Blazes in Indonesia

Land-clearing Blazes in Indonesia [ Back to EurekAlert! ] Public release date: 22-Jul-2013
[ | E-mail | Share Share ]

Contact: Rob Gutro
robert.j.gutro@nasa.gov
NASA/Goddard Space Flight Center

In Indonesia, land-clearing blazes dot the countryside. Fires for clearing land have been outlowed for all but the smallest landowners, but the "slash-and-burn" practice still persists despite cloaking Southeast Asia in toxic pollution for weeks. Better and more available satellite technology is helping identify culprits behind land-clearing blazes in Indonesia. Unprecedented levels of air pollution in Singapore and Malaysia in June led to respiratory illnesses, school closings, and grounded aircraft. This year it was so bad that in some affected areas there was a 100 percent rise in the number of asthma cases, and the government of Malaysia distributed gas masks.

This year's blazes were centered in the fast-growing province of Riau where the palm-oil and pulpwood industries are located. Fires set for land-clearing can get out of control on drained peatlands frequently cause significant damage to human health, human assets and biodiversity and release large amounts of greenhouse gasses which contribute to climate change. In addition, setting the dried peat ablaze to clear land is dangerous due to the fact that the dried peat is extremely inflammable and once burning, these fires can remain underground in the peat for some time and then rise to the surface at a considerable distance from the original outbreak making firefighting difficult.

The illegal burning of forests generally happens from June to September each year -- during Indonesia's dry season.

###

This natural-color satellite image was collected by the Moderate Resolution Imaging Spectroradiometer (MODIS) aboard the Aqua satellite on July 21, 2013. NASA image courtesy Jeff Schmaltz, MODIS Rapid Response Team. Caption: NASA/Goddard, Lynn Jenner with information from:

Interpress Service (July 10, 2013)
Wall Street Journal (July 17, 2013)
Jakartapost.com (July 05, 2013)
Voice of America (July 02, 2013)


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Land-clearing Blazes in Indonesia [ Back to EurekAlert! ] Public release date: 22-Jul-2013
[ | E-mail | Share Share ]

Contact: Rob Gutro
robert.j.gutro@nasa.gov
NASA/Goddard Space Flight Center

In Indonesia, land-clearing blazes dot the countryside. Fires for clearing land have been outlowed for all but the smallest landowners, but the "slash-and-burn" practice still persists despite cloaking Southeast Asia in toxic pollution for weeks. Better and more available satellite technology is helping identify culprits behind land-clearing blazes in Indonesia. Unprecedented levels of air pollution in Singapore and Malaysia in June led to respiratory illnesses, school closings, and grounded aircraft. This year it was so bad that in some affected areas there was a 100 percent rise in the number of asthma cases, and the government of Malaysia distributed gas masks.

This year's blazes were centered in the fast-growing province of Riau where the palm-oil and pulpwood industries are located. Fires set for land-clearing can get out of control on drained peatlands frequently cause significant damage to human health, human assets and biodiversity and release large amounts of greenhouse gasses which contribute to climate change. In addition, setting the dried peat ablaze to clear land is dangerous due to the fact that the dried peat is extremely inflammable and once burning, these fires can remain underground in the peat for some time and then rise to the surface at a considerable distance from the original outbreak making firefighting difficult.

The illegal burning of forests generally happens from June to September each year -- during Indonesia's dry season.

###

This natural-color satellite image was collected by the Moderate Resolution Imaging Spectroradiometer (MODIS) aboard the Aqua satellite on July 21, 2013. NASA image courtesy Jeff Schmaltz, MODIS Rapid Response Team. Caption: NASA/Goddard, Lynn Jenner with information from:

Interpress Service (July 10, 2013)
Wall Street Journal (July 17, 2013)
Jakartapost.com (July 05, 2013)
Voice of America (July 02, 2013)


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2013-07/nsfc-lbi072213.php

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For GOP, Heritage Foundation Becomes Handful

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Source: http://online.wsj.com/article/SB10001424127887324144304578619640562831244.html?mod=rss_Politics_And_Policy

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Hydropower: the unsung hero of renewable energy

Hydropower accounts for more electricity production than solar, wind, and geothermal combined, but gets far less press because it is a mature technology with a much lower annual growth rate than most renewables. Still,?hydropower will likely continue its leading role as the world?s most important producer of renewable electricity until well into the next decade.?

By Robert Rapier,?Guest blogger / July 22, 2013

The Three Gorges Dam disappears into the fog in China. The four largest power plants in the world are all hydropower plants.

Melanie Stetson Freeman/Staff/File

Enlarge

This is the 2nd installment in a series that looks at the recently released?2013 BP Statistical Review of World Energy. The previous post ??Renewable Energy Status Update 2013?? focused mainly on wind and solar power. This post delves into hydropower and geothermal power. Some of the BP data is supplemented by REN21?s recently-released?2013 Renewables Global Status Report?(GSR). (Disclosure: I have been a reviewer for the GSR for the past three years).

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Our mission is to provide clear, objective information about the important energy issues facing the world, address and correct misconceptions, and to actively engage readers and exchange ideas.?For more great energy coverage, visit?Energy Trends Insider.

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Hydropower

Hydropower accounts for more electricity production than solar PV, wind, and geothermal combined. In 2012, hydropower accounted for 16% of the world?s electricity production. However, hydropower gets far less press because it is a mature technology with a much lower annual growth rate than most renewables. While solar PV increased capacity by an average of 60% per year over the past 5 years, new hydropower capacity increased at a much more modest annual rate of 3.3%.

However, since 1). The installed base for hydropower is so high; and 2). The capacity factors for hydropower tend to be much higher than those for intermittent renewables ? the amount of hydropower produced dwarfs that of the other renewable options. (The capacity factor is simply the amount of power produced divided by the power that would be produced if the power source was producing at full capacity at all times). Between 2002 and 2012, the amount of hydropower consumed globally increased by more than 1,000 terawatt hours (TWh). Over that same period of time, the amount of wind and solar power consumed increased by 560 TWh ? albeit at a much higher annual rate of growth.?

Monday, July 22, 2013

Investors bet on defense firms' peacetime strength

defense

7 hours ago

Defense stocks are on the offensive.

Investors seem to be betting that the U.S. defense industry has so far waged a successful campaign against looming budget cuts to secure a profitable peacetime footing after a decade of war.

But it remains to be seen whether these companies can offset tens of billions in shrinking orders for swords with new, long-term contracts for plowshares.

For the moment, investors seem to be overlooking expected cuts in military spending. As defense contractors continue to churn out solid earnings and dividends, their stocks are reaching new highs. Teledyne Technologies, Boeing, Northrop Grumman and United Technologies have hit record highs. Lockheed Martin, General Dynamics and Rockwell Collins are within 10 percent off their all-time peaks.

Analysts say several powerful forces are at work offsetting the heavy headwinds of military spending cuts.

(Read more: How Boeing came back from the brink)

For one thing, many of these companies squirreled away large piles of cash during the boom years knowing that the wartime spending surge wouldn't last forever. At a time when record low interest rates have left investors with few places to find a reliable return, those balance sheets are helping to fund a steady stream of dividends and stock buybacks.

"(These stocks provide) good cash returns to shareholders at a reasonable price where other higher yielding groups are a lot more expensive," said Carter Copeland, a defense industry analyst at Barclays.

As Pentagon spending has slowed, the defense industry has also been beefing up commercial contracts with civilian customers to offset the squeeze brought by the drawdown of two wars and Washington's ongoing deficit cutting.

As military orders have peaked, for example, demand for commercial aviation is taking off. Since the global economy began pulling out of the deep nosedive of the Great Recession in 2010, airlines around the world have been expanding capacity and looking to cut rising fuel costs by replacing aging fleets of gas guzzlers with high-efficiency aircraft, according to a recent report by Deloitte. Boeing estimates that over the next two decades, more than 35,000 new airplanes will be built, driving production to record levels, according the report.

Demand for those new airplanes?and the parts and electronics needed to make them?has helped boost the aerospace and defense industry's overall share of revenue coming from commercial orders. Last year, defense orders accounted for just 54 cents of every dollar of industry revenue, down from 60 cents in 2010.

The transition to peacetime federal spending levels has also been eased by the defense industry's huge backlog of orders, which rose by nearly 6 percent last year to $2.3 trillion, according to Deloitte. Order backlogs at General Dynamics, Lockheed Martin and Northrop Grumman alone amounted to more than $165 billion in the first quarter of this year?more than 18 months' worth of those companies' annual revenues, according to Barclays.

Some defense companies are also working to offset federal spending cuts by expanding sales to civilian customers looking for products and services such as information technology and communications electronics. U.S. defense contractors have also boosted revenues by winning new orders from overseas.

But those markets aren't growing fast enough to make up for the shortfall in federal spending, said Michael Lewis, who follows the defense industry at the Silverline Group.

(Read more: US defense companies go on overseas offensive)

"It will help somewhat in filing in the hole that some of these firms face, but it's not going to fully offset the U.S. cutbacks," he said.

Those cutbacks are shaping up as the biggest the industry has faced since the end of the Cold War. Unless Congress acts to revise it, the 2011 Budget Control Act will shrink defense outlays by some $487 billion through 2021, on top of the one-time $42 billion in cuts required by this year's "sequester."

Those cuts are only beginning to move through the lengthy procurement process, so there's still a chance that Congress will balk at slashing military spending. But investors banking on that outcome are making a risky bet, said Lewis.

"There will be tens of billions of dollars in cuts," he said. "The timing is uncertain but once we start to see that happen you're going to see these stocks start to unwind."

A lot depends on how well these companies continue to pay a reliable return at a time when investors have fewer places to turn. Copeland believes their large backlog of orders and piles of balance sheet cash will allow the strongest companies to weather the transition to peacetime spending levels.

"I think there is some downside risk to their business in 2014, but not to an extent that it would call into question the sustainability of their dividend," he said.

(Read more: As Asia rises, US seen arming less of the world)

Investors loading up on defense stocks may also be anticipating the kind of industry consolidation that has accompanied previous transitions to peacetime. As the military spending pie shrinks, smaller players may be gobbled up by their larger rivals, boosting market share and profits for the acquirers.

"People are trying to place their bets as to who's going to lead that charge," said Lewis. "There are a lot of synergies for the prime contractors when they buy a smaller company. They can take out a lot of cost."

?By CNBC's John W. Schoen. Follow him on Twitter@johnwschoen

? 2013 CNBC LLC. All Rights Reserved

Source: http://feeds.nbcnews.com/c/35002/f/663286/s/2ef6ff6b/l/0L0Snbcnews0N0Cbusiness0Cinvestors0Ebet0Edefense0Efirms0Epeacetime0Estrength0E6C10A699398/story01.htm

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Microchips that mimic the brain: Novel microchips imitate the brain's information processing in real time

[unable to retrieve full-text content]Neuroinformatics researchers have demonstrated how complex cognitive abilities can be incorporated into electronic systems made with so-called neuromorphic chips: They show how to assemble and configure these electronic systems to function in a way similar to an actual brain.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/matter_energy/technology/~3/OgJ2Mn3hzBY/130722152705.htm

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