Mexico, U.S. Agree on Trusted Traveler Program

Tom Ramstack – AHN News Correspondent

Mexico City, Federal District, Mexico (AHN) – The U.S. and Mexican governments signed agreements Tuesday designed to improve airline security as Mexico continues its war against drug cartels. The two countries also agreed to seek ways to protect immigrants, who are often targeted by criminals as they cross over the international border.

“In the face of ever-evolving multinational threats, the United States is committed to working with our international partners to enhance information-sharing and our mutual security,” U.S. Homeland Security Secretary Janet Napolitano said in a statement.

She signed the treaty on behalf of the United States at a ceremony in Mexico City.

A key part of the agreement is a trusted traveler program that allows airline passengers who have undergone rigorous background checks to bypass lengthy screenings at airport checkpoints. They also must provide biometric information – such as fingerprints – that can be encoded onto trusted traveler cards and run through electronic card readers.

The travelers also must answer customs declaration questions on touch-screen kiosks, then present transaction receipts to customs agents before leaving the inspection area.

The program thereby gives Customs and Border Protection agents more time to focus on searching other travelers and their baggage, or what Napolitano called the “greatest risk.”

The new method for screening passengers is based on Customs and Border Protection’s Global Entry program.

Another part of the agreement called for greater information sharing about travelers.

Mexican Interior Ministry Secretary Jose Francisco Blake Mora signed the treaty on behalf of Mexico.

He said the treaty opens a dialogue on methods “to reduce the flow of arms into Mexico and strengthen border security.”

Illegal weapons imported into Mexico are a hot topic in the drug war that started in December 2006, when Mexican President Felipe Calderon ordered troops to help crack down on gangs.

Mexico blames the United States for failing to prevent weapons from being shipped illegally across the border to be used against the police and military.

The U.S. government says Mexico shares the blame for allowing drug cartels to gain too much power.

Blake Mora said about 84 million Mexicans could qualify for the Global Entry program.

“It facilitates the entry of business travelers and tourists, whose activities are key factors for economic development, growth of trade and cultural exchange,” he said.

Napolitano and Blake Mora also signed a “letter of intent” to develop a plan for protecting immigrants from attacks by criminals as they cross the border.

The Mexican government occasionally has expressed anger at the way illegal immigrants are robbed, beaten or murdered but are given no protection by U.S. law enforcement agents.

Blake Mora said the letter of intent is supposed to create cooperation that would help “combat trafficking and reduce the risk to life and security of migrants who are victims of crime.”

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Lufthansa Plane To Run On Vegetable, Jet Fuel

Windsor Genova – AHN News News Writer

Frankfurt, Germany (AHN) – German airline Lufthansa will power one plane with a mix of biofuel and jet fuel for six months as part of a plan to lessen the carbon dioxide emissions of its fleet.

A plane that will fly between Frankfurt and Hamburg cities four times daily will use vegetable oil imported from Finland in one engine and conventional aviation fuel in the other engine, according to the airline. The company expects to cut its fleet emission by 1,500 tons during the six-month test.

Lufthansa will not be the first airline to test biofuel on its plane. Air Japan and Air New Zealand have tested biofuel on their planes but Lufthansa will be the first to use vegetable oil-based fuel on a regular and long-term basis.

The Finnish biofuel costs three to five times more than kerosene and Lufthansa will spend $8.7 million for the half-year test.

Lufthansa plans to replace up to 10 percent of its jet fuel consumption with biofuel starting 2020.

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Dubai’s Airport In Overdrive As It Arbitrages Between East, West

The Media Line Staff

Dubai, United Arab Emirates Michael Grubb – Dubai International Airport, the largest in the Gulf, is outpacing the world aviation industry’s recovery this year as it capitalizes on its role as a pivot for business travelers arbitraging between a struggling Europe and the burgeoning economies of Asia. But analysts warn that Dubai’s success makes it a likely magnet for new competition.

Traffic through Dubai International rose by close to 16 percent in the first nine months of the year, well ahead of the 12.9 percent average increase in the Asia-Pacific market, making it the world’s fastest growing, according to Airports Council International. The pace of growth for Dubai continued in October, when traffic exceeded 4 million people for the second time ever, Dubai Airports reported Wednesday.

Aviation is a big and thriving business for tiny Dubai, whose economy is otherwise struggling with some $100 billion of real estate debt. Dubai is home to the world’s 14th busiest airport, just behind New York’s John F. Kennedy Airport and ahead of Amsterdam’s Schiphol. The number of people passing through the airport in October alone was equal to more than twice the country’s entire population.

Dubai Airports has ambitious plans for expanding. Annual capacity at Dubai International will grow from 60 million passengers to 75 million next year when it dedicates Concourse 3, the world’s only facility dedicated to servicing the Airbus A380, the largest passenger airliner in the world.

Meanwhile, a second airport, the Al-Maktoum International, is under development next door. Al-Maktoum began cargo operations six months ago and will be opening for passenger travel in March 2011.

Dubai Airports is expecting growth to continue at a strong double-digit rate in 2011, with annual passenger traffic jumping 13.1 percent to 52.2 million from a forecast 46.1 million for all of 2010. Dubai’s flag carrier Emirates is counting on its passenger numbers growing 10 percent next year while the discount carrier Flydubai forecasts its traffic doubling.

“Before the end of the decade passenger numbers will approach 90 million making Dubai International the busiest airport in the world in terms of international passenger traffic,” Paul Griffiths, chief executive officer of Dubai Airports, said last week.

But Dubai’s airports – and its airlines — are vulnerable to emerging competition because it is entirely dependent on funneling passengers from Europe and Asia through its airports and sending them on to their final destinations, he said. The airport has no domestic market and a tiny regional one. Indeed, measured by international traffic alone, Dubai rises in the world airport rankings to No. 6.

“They will have competition, the dynamics will definitely change,” Philip Butterworth-Hayes, lead consultant of the aviation advisory firm PMi Media, told The Media Line. “I would look at Indian airlines in particular. Once you have a strong home market like India, you have the ability to capture traffic.”

Dubai has not only benefited from huge investment in its airport and carriers but also from low costs, the absence of environmental constraints to airport expansion and its strategic location. Demand for Europe-Asian travel has grown as European companies focus sales on the growing economies of China and the rest of Asia while newly wealthy Asians have the disposable income to travel to Europe for holidays. Dubai is about 5,500 kilometers (3,400 miles) from London and 6,400 kilometers (4,000 miles) from Shanghai.

Adding to world-class airports, Dubai’s state-owned Emirates airlines has been an aggressive competitor, taking market share from hobbled European rivals by adding capacity – the airline has the biggest fleet of the giant A380s on order – and is keeping fares and costs low.

But India could match many of these assets. Mumbai, the country’s commercial capital is about 7,200 kilometers (4,500 miles) from London and 5,000 kilometers (3,100 miles) from Shanghai, on top of being a business and tourism destination in its own right.

As India’s economy grows, demand for domestic air travel for its 1 billion people has also increased. Domestic air traffic in India grew 15 percent in October compared with a year ago to 4.6 million passengers, the government said last week. What the country still lacks to take on Dubai is a competitive airline to service an Indian hub, Griffiths said.

“If you were to have an Emirates-like operation in India, you could make it a major hub,” he said. “But they would also benefit from the presence of a huge domestic market.”

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Red-Berry Day in Gaza, as Farm Products Leave for Europe

The Media Line Staff

Gaza, Palestinian Territory (TML) – Um Hajjar Al-Ghalayini, 46 years old, owns half an acre of sandy Gaza land that produces two tons of strawberries every season. Since her husband died two years ago, the crop is the sole means of support for her nine children, mother-in-law and widowed sister, so every one of the bright red berries counts.

Last year, she had no choice but to sell her produce to the local market. That filled the Gaza markets with fruits and vegetables to the benefit of consumers, but for growers like Um Hajjar it was a disaster. Her earnings dropped by more than half and the family had a tough year economically. This week, as Israel took another step in easing its economic blockade of the Gaza Strip, Um Hajjar delivered her strawberries to the Kerem Shalom checkpoint on the Israel-Gaza border, their first leg of a journey to the more profitable markets in Europe.

“Now I can say that things are getting back to normal, if not on the right track,” she told The Media Line.

Exports of strawberries and flowers from the Gaza Strip to European markets began on Sunday, as part of a wide-ranging project coordinated by the Israeli army and local farmers and funded by the Dutch government. The current undertaking involves some 2.5 tons of strawberries and some 2,000 flowers, but Israel plans expanded facilities at Kerem Shalom and stepped-up security measures that will enable exports to grow more next year.

All told, about 700 tons of strawberries and 30 million carnations will be exported from Gaza by the time the season ends – in February for strawberries and May for flowers — Yousef Shaath, the project manager of the Dutch-funded Agricultural Relief Committee in Gaza, told The Media Line.

Strawberries are just one part of a gradual easing of the blockade Israel imposed on Gaza, a Mediterranean enclave of just 360 square kilometers (138 square miles), in 2007 after the Islamic militant group Hamas seized control. Israel used the siege to pressure Hamas, which unlike the Fatah-controlled Palestinian Authority (PA) that rules in the West Bank, is sworn to Israel’s destruction and rejects peace talks.

While Israel and Hamas are still at loggerheads, Jerusalem has loosened some aspects of the blockade since nine people were killed last May when commandoes raided a ship trying to break the siege. As a result, Gaza’s economy will probably grow 8% this year, according to the International Monetary Fund.

While human rights advocates have focused on the pain caused by Israel’s blocking most imports, Gaza’s tiny economy has suffered by the ban on nearly all exports as well. According to the Palestinian Bureau of Statistics, Gaza’s exports plunged from $41 million in 2005 to $30,000 in 2006 and $20,000 in 2007. In 2008, virtually nothing left the Strip.

The business of export agricultural produce is fraught with politics, business and security issues. Before the first strawberries and carnations could be trucked into Israel, representatives of the Gazan agricultural associations met last week with an Israeli agriculture coordinator, a representative of the Israeli farm-export company Agrexco and the deputy ambassador of the Netherlands in Tel Aviv at the Erez crossing point between Gaza and Israel last week.

That is because the produce has a long and complicated route to get from fields like Um Hajjar and into a French housewife’s strawberry shortcake.

Hamas as the de facto ruler of Gaza had to approve the exports, but because Israel and the European Union don’t recognize the Islamic organization as the official government, representatives of the PA had to act as intermediaries. Indeed, at Kerem Shalom the PA will have an official presence as the produce moves over the border to Israel.

Israel will also need to deploy scanning machines that can x-ray cargo containers and ensure that terrorists or arms aren’t being smuggled out of Gaza. Israel has been wary about letting goods leave Gaza after two Palestinian teenagers infiltrated the Israeli port of Ashdod in 2004 by hiding in a shipping container. They blew themselves up, killing 10 people.

But Israel’s security needs have to be measured against the need for perishable produce and flowers to reach their final destination in Amsterdam and other points in Europe. Last year, Gaza suffered big losses when Israel delayed export permission by two months.

As well, farmers, in particular flower growers, need a host of inputs as well as packaging materials, which require Israeli approval to be imported.

The exports underway these days, however, aren’t enough for Gaza farmers, who form a major component of the Strip’s economy. About 900 acres is devoted to growing strawberries, which will yield a harvest of 1,000 tons, about 40% more than the current export quota. Gazans grow a cornucopia of other fruits and vegetables as well. Their natural market is Israel or the West Bank, but so far Israel has barred sales to those markets. Shaath said this is unfair as Israel now exports some $3400 million of produce to Palestinian areas and under the Oslo peace accord should accept Palestinian imports in return.

Nevertheless, Shaath is sanguine about next year’s export prospects. Gaza crops tend to mature earlier than competing ones, so that if the complicated chain of political and security arrangements can be preserved and developed, the Strip’s farmers will be the first on the market.

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Brandy And Ray J Team Up With Parents For “A Family Business” Album

Anthony Jones – Celebrity News Service Reporter

Los Angeles, CA, United States (CNS) – After a whirlwind season of “Dancing with the Stars,” Brandy is back in the recording studio with some unlikely collaborators: her parents Willie and Sonja Norwood.

The Norwoods, along with Ray J, are releasing a companion album to their hit VH1 reality show, “Brandy & Ray J: A Family Business.” The lead single, “Talk to Me,” is the first time the entire family has performed together.

The single, a ballad produced by Scott “Shavoni” Parker and co-written by Tommy Niblack, has already been released to iTunes, Amazon, and other digital outlets. It’ll also be released to radio stations next week.

“Talk to Me” is premiering along with the premiere of the second season of “Brandy & Ray J: A Family Business,” which follows the talented family as they face the music in and out of the studio, working on high profile projects and on their own drama.

The second season of “Brandy & Ray J: A Family Business” debuts Sunday, December 5th at 11pm ET/PT, 10 CT on VH1. The “Brandy & Ray J: A Family Business” album will be released in 2011.

Brandy and Ray J have previously collaborated on album tracks like “War Is Over” and “Another Day In Paradise.” Willie Norwood and Ray J first collaborated on the track “Apocalypse Soul” from last year’s “For the Love of Ray J” soundtrack.

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Irish Corporate Depositors Withdraw Money

AHN News Staff

Dublin, Ireland, United Kingdom (AHN) – Despite the agreed $105 billion (70 billion pounds) bailout for Ireland, trouble continues to hound Dublin as corporate depositors panicked and withdrew their savings.

The Irish Central Bank admitted Tuesday that major international firms had been withdrawing their deposits from Ireland, which worsened the anxious mood of the market.

The chief investment officer of a major bond manager described Irish banks as bleeding deposits, recalling it was the same phenomenon that happened in Argentina and other emerging economies.

With the bailout, Ireland’s banking sector will be recapitalized, which would place the Allied Irish Banks into state control and the government majority stake in Bank of Ireland. The effect of this would be a mandated increase in capital cushions for the Irish banks from 8 to 12 percent. The move is expected to improve confidence in Ireland’s banking sector and stop the financial hemorrhage.

More than half of the bailout would be used to fund Dublin’s deficit spread over three years, while the remaining balance would be used to recapitalize banks and serve as contingency fund.

Markets are also still shaky that borrowing costs for Portugal and Spain jumped to dangerous levels over fears that European Union leaders are losing political control over the Irish crisis.

On Tuesday, yields on 10-year Portuguese bonds went up to 6.9 percent, which repeats the pattern of what happened to Greece and Ireland before these two nations were capitalized by the EU and the International Monetary Fund.

Spreads on 10-year Spanish bonds also grew to a record of 233 basis points over Bunds, which pushed the yield to 4.87 percent. With this development, Spanish Central Bank Governor Miguel Angel Fernandez Ordonez called on Madrid to fast track fiscal reforms to convince the market that Spain could put its house in order.

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If you’ve been thinking about becoming a day trader, or you’ve already played around a bit as a day trader, then make sure you take a look at this insightful article about before you go any further. The truth could make you wealthy. According to Wikipedia, Day trading ‘refers to the practice of buying and selling financial instruments within the same trading day such that all positions are usually closed before the market close for the trading day. Traders that participate in day trading are called active traders or day traders. Some of the more commonly day-traded financial instruments are stocks, stock options, currencies, and a host of futures contracts such as equity index futures, interest rate futures, and commodity futures. Day trading used to be the preserve of financial firms and professional investors and speculators. Many day traders are bank or investment firm employees working as specialists in equity investment and fund management However, with the advent of electronic trading and margin trading, day trading has become increasingly popular among casual, at home traders.” My question to someone looking into day trading, is why? Why would someone be willing to risk so much? Day trading has a certain stigma attached to it for a reason-because so many fall prey to the get rich quick hype being spread all around the Internet. Bluntly put-day traders are sometimes considered gamblers, because to a certain extent, that is what they are doing. They are banking on the fact that one stock may go up, and another may go down in the same day all based on pure speculation. If you are looking to earn a stable and reliable income based on solid documented results over the course of several years, day trading is no for you.

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Group Bans Catches Of Some Sharks, Leaves Tuna Limits Little Changed

Paris, France (NewsBahn) – Delegates from 48 countries ended a week-long conservation conference here Saturday with an agreement on new protections for several species of endangered sharks, but failed to tighten limits on harvesting bluefin tuna.

Members of the International Commission for the Conservation of Atlantic Tunas voted to ban the fishing and sale of seven species of sharks whose numbers have dropped drastically due to overfishing. The ban covers oceanic whitetip sharks and six types of hammerheads:

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  • Smalleye
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  • Whitefin

Populations of these sharks are estimated to have declined up to 99 percent in various oceans around the world.

Catch of bonnethead sharks, a type of hammerhead, will still be allowed in the Atlantic, as well as fishing for hammerheads by coastal communities where the fish is intended for eating.

At the same time, delegates reduced by only 4 percent the quota of eastern Atlantic bluefin tuna that could be taken in waters off Europe, or to close the fish’s spawning grounds in the Gulf of Mexico and Mediterranean. The 2011 quota for the eastern Atlantic was cut from 13,500 metric tons to 12,900 metric tons and from 1,800 metric tons to 1,750 metric tons in the western Atlantic

Scientists believe the species is in danger of becoming commercially extinct, and some at the meeting had called for deeper cuts. Dr. Michael Hirshfield, head of the delegation for conservation group Oceana, called the result a “massive failure for bluefin tuna and swordfish, with only modest progress for sharks and sea turtles.”

“Despite the flowery rhetoric, it was ‘business as usual’ for ICCAT,” Hirshfield said in a statement.

Oceana’s fisheries campaign manager, Maria Jose Cornax, termed as “trivial” the quota reductions for bluefin tuna. “Without an industrial fishing closure, it actually encourages illegal fishing and fails to ensure stock recovery.”

A proposal by U.S. delegates to ban the removal of shark fins at sea was turned back after Japan objected.

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Fed-Ex Searching For Missing Radioactive Package

Linda Young – AHN News Writer

Knoxville, TN, United States (AHN) – FedEx officials are searching for a package containing radioactive material that went missing on Thursday.

Although company officials put all FedEx facilities on alert, they are focusing the main search in the Tennessee area. FedEx reassured the public that as long as the protective packaging is intact there is no danger.

The package containing radioactive rods was enroute from a supplier in North Dakota to a person in Knoxville who uses the material in medical equipment. The radioactive rods were in cylinders that are used in hospital machinery for quality control calibration.

Two FedEx employees who handled the shipment return to work on Friday and company officials hope to learn more from them.

The Nuclear Regulatory Commission notified the other appropriate government agencies, including the FBI, CDC, EPA and Department of Homeland Security.

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Ethiopian Rebel Group Claims Dozens Of Ethiopian Soldiers Killed

Abdi Hajji Hussein – AHN News Correspondent

Jig-jiga, Ethiopia (AHN) – The Ogaden National Liberation Front (ONLF) on Friday said its fighters have engaged multiple battles with Ethiopian military forces in parts of a mainly ethnic Somali province in eastern Ethiopia, killing more than 35 soldiers.

A statement posted on the ONLF website said their fighters battled with the Ethiopian soldiers in Degahbur areas between Tuesday and Thursday. “They lost 35 soldiers in the operation, with many wounded,” it said. “This operation was to disrupt the Ethiopian government’s new strategy of final solution-style, evicting people from their habitat and confiscating their properties then taking them to killing centers in Jigjiga Ogaden Jail and beyond. Such centers are usually military camps or secret detention camps where people are inhumanely tortured.”

This statement comes two weeks weeks after an ONLF faction led by Adm. Mohammed Omar Osman said Ethiopian military forces killed 235 Somali civilians in a mainly ethnic Somali province in eastern Ethiopia. Ethiopian government spokesman Shimeles Kemal at that time described the statement as false, adding that no evidence of the deaths was offered by ONLF.

The rebel group split into two factions after some of its members signed a deal with Ethiopia last month. The government said the peace deal is aimed at ending 20 years of war with a guerilla faction that has been fighting for liberation of the Ogaden region in eastern Ethiopia.

Ethiopia wants to begin oil exploration projects in the mainly ethnic Somali province in eastern Ethiopia that is said to be rich with oil. In April 2007, nine Chinese workers who were exploring oil in the region along with a number of Ethiopian guards were killed by separatists in an ambush attack.

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Philippines Registers 6.5 Percent GDP Growth In Q3

AHN News Staff

Manila, Metro Manila, Philippines (AHN) – The Philippines registered a 6.5 percent gross domestic product growth rate for the third quarter of 2010. Compared to the same quarter last year, this quarter’s economic growth rate was slower because of lower government spending and a decline in agriculture production from the El Nino weather system.

The National Statistical Coordination Board, which released the GDP data Thursday, said it was the highest economic growth rate logged for the first quarter of a new presidency.

The current Q3 growth rate broke the 5.6 percent recorded during the first quarter rule of immediate past President Gloria Macapagal-Arroyo in 2004. The two prior presidents had lower GDP growth rates during their honeymoon quarter at 0.7 percent during the time of Fidel Ramos in 1992 and 1.3 percent during the term of Joseph Estrada in 1998.

Based on the robust figures, the Office of the President said it indicates that the Philippines may hit its 2010 economic growth rate target of at least 7 percent.

Socioeconomic Planning Secretary Cayetano Paderanga forecast that given the low interest rates, business confidence will continue to improve, which would likely lead to a rise in production.

He said that the Q3 GDP growth rate compared with Asian neighbors such as Indonesia, which grew 5.8 percent, Malaysia at 5.3 percent and South Korea at 0.7 percent, but trailed behind China at 10.6 percent, Singapore 10.6 percent, Vietnam 7.2 percent, Thailand 6.7 percent and Hong Kong 6.8 percent.

Paderanga said in a statement, “Moving forward, the Philippine government will continue with the formulation and implementation of the needed policies and reforms that would keep the economy afloat amidst the fragile world economy, concerns on rising oil prices, and anticipated diminishing base effect. We expect growth to moderate in the second half of 2010 but we remain quite optimistic that we will exceed the 5 to 6 percent target.”

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Profit From Fluctuating Gold Prices

Trading in commodities and stocks has always enticed people. Although stock or commodity trading involves lots of risk, the rewards can be exponential. A good study of the market, knowledge about the companies, the economy, and economic policies, and a good understanding of the trading process are imperative for success.

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