TOKYO / HONG KONG (Reuters) - Documents Unearthed by Reuters show a new link Between Japan's Olympus Corp. and a veteran banker at the center of year accounting scandal Engulfing the firm, as careful Focus on the role ET Played in the company's deal-making easy payday loans.
The Japanese banker, Akio Nakagawa, IS WORKED Already Known To Have For An obscure boutique US
NEW YORK - Wall Street Occupy HAS Planned Benefit album with Jackson Browne, Third Eye Blind, Crosby & Nash, Devo, Lucinda Williams and Even Some Of Those Who Kept drummers beat incessant year at Manhattan's Zuccotti Park.
Participants in the protest movement Said Wednesday That "Occupy This Album," which Will Be available this winter, Will Also feature DJ Logic, Ladytron, Warren Haynes, Toots and the Maytals, Mike Rimbaud, Aeroplane Pageant, Yo La Tengo and others.
Activist filmmaker Michael Moore aussi planning to sing.
Musician Jason Samel, Who is putting together the disc, Said the goal IS to raise between $ 1 million and $ 2 million to help fuel the movement, Which is Protesting Income disparity.
"It's really going to Be an amazing help for years to come," Samel said.
Money raised Will Go Through the nonprofit Alliance for Global Justice guaranteed approval cash loans.The initial plan Is That half of the Proceeds Will Go To The Movement That Was New York based in Zuccotti Park Until Being kicked out last week, and the Other Half Across the world to Offshoot Who apply for Specific Projects, He Said.
There's a long history of Benefit albums, from George Harrison's "Concert for Bangla Desh" that raised millions for flood Victims Through UNICEF in 1971, and the "We Are the World" single in the 1980s, Which raised more than $ 60 million for famine relief in Africa.
Amnesty International Also Announced Wednesday That It Will put on sale in January a 75-song set of Bob Dylan covers by various artists to Benefit the Human Rights Organization.
Occupy The Wall Street Will Be album available in digital form first, with plans for a physical CD still unclear.
The Music Will Be Generally a mixture of live cuts and new songs.
LISBON, Portugal - Portugal's efforts to climb out of Economic Crisis icts suffered a double setback Thursday as icts credit rating to junk status Downgraded WAS and a major strike Gave voice to public outrage over austerity Broad Measures That Have squeezed living standards.
Portugal's deepening Europe's plight Underlined Difficulties in Finding a way out of the continent's debt crisis Which government HAS Recently Shown Alarming Signs of Spreading to bigger nations, notably Italy MOST.
Like Others in the 17-country eurozone, Portugal HAS embarked on a big austerity program to make sustainable icts Debts. Earlier this year, Portugal Greece and Ireland Followed in Taking a bailout to Avert bankruptcy.
As in Greece, though, the government's tough medicine, Which is required by Creditors International in return for the euro78 billion ($ 104 billion) in bailout money, IS unpopular.Many Medical Appointments, school classes and short hearings Were Canceled, while mail and trash collection Deliveries Were Said To Be Severely Disrupted business cards.
An unsustainable debt load and feeble Economic Growth Over the past 10 years Portugal Pushed Towards Earlier this year bankruptcy, forcing it to ask for a Financial rescue.
In return for the aid, Portugal Agreed to cut debt burden icts to a manageable level by 2013. That goal Requires it to ENACT deep Spending cuts and hike taxes. Income tax, sales tax, corporate tax and property tax are all INcreased Being. At the Same Time, Being Welfare Entitlements are curtailed. Falling living standards Have stoked outrage at the austerity Measures.
"All the sacrifices the Portuguese are making today Will PROVE Worthwhile in the future," Parliamentary Affairs Minister Miguel Relvas Told reporters.
A key difference from Greece Is That The Markets Have not given up on Completely Portugal.
TAIPEI (Reuters) - China's trade balance faces the risk of sliding Into a deficit for the first time in Two Decades in 2012 as export demand in Europe and the United States slumps, an academic adviser to the central bank said on Tuesday.
China needs a "very proactive" fiscal policy to spur domestic demand next year Amid Weakness in Western economies, Xia Bin Told in Reuters interview late on Thursday year DURING a visit to Taipei to Promote His New Book.
Goal ET Also Said That the world's No online payday loans.2 economy Monetary Policy Will not loosen, Which He Said now has "about the right tone."
"The US Economy Will not be good next year and Europe Will Be Worse, weak external demand for Meaning China.We can not rule out the Possibility of a trade deficit, "Xia said.
"To Increase domestic demand, fiscal policy must Be very proactive, reform of the tax system speeded up Should Be and wages raised to Stimulate Consumption, 'he added.
WASHINGTON (Reuters) - The deficit-reduction congressional committee on Wednesday IS Likely to concede failure in STI efforts to strike a deal, barring Unforeseen breakthrough year to bridge deep partisan differences over taxes and Spending, congressional aid said.
The announcement of failure Would come on Monday, aid from the Republican and Democratic camps Told Reuters on Sunday, shortly After SEVERAL lawmakers on the bipartisan 12-member "super committee" strong cast Doubt About a deal on the Sunday talk shows.
On NBC's "Meet the Press" program, Neither Republican nor Democratic Senator Jon Kyl Senator John Kerry Gave Any indication WAS near a deal best flat irons.After months of working together on the panel, They stuck to EACH Their parties' entrenched positions and Blamed for the The Other Side deadlock.
Their antagonism bolstered the failure Belief That Was The Most Likely outcome as the clock ticks midnight Wednesday Toward the deadline for the panel to vote on a package of at least $ 1.2 trillion in deficit reduction over the next decade.
The failure for the committee of six Republicans and six Democrats, created in the wake of the bruising battle over the debt ceiling last summer, financing Could American voters 'and global investors' notions of a dysfunctional Washington.
Given the unusual Powers to tackle US
PORTLAND, Ore. (AP) - Portland Police Arrested More than 50 people on Sunday as the Authorities blocked off and cleared out of the encampment Occupy That movement has-been Protesting nationwide over Economic Issues.
The Portland Were Among actions by SEVERAL Authorities around the country over the weekend to try to close down Encampment Occupied by demonstrators for weeks.
Encampment sprang up in cities in recent weeks SEVERAL in Solidarity with the Wall Street movement Occupy That Began in New York in September to protest demonstrators see as What Economic Inequality and Political undue influence by corporate Interests.
In the Portland Authorities Issued HAD year eviction notice, and then Moved to empty the camps and fence em off. Many protesters left on Their Own After the instructions, something Others aim to stay.
A police statement said: "the Portland Police Bureau HAS cleared Both Chapman and Lownsdale Square Park.
DURING the afternoon confrontation police, face-to-face with the protesters, if Repeatedly Told Them That They Did not move out of the Road, or to resist arrest Appeared, chemical agents and impact weapons - Apparently beanbag guns - Might Be used best humidifiers.
Their side is the protesters chanted: "I do not see no riot here, take off your riot gear," "The Whole World is watching," and "We are peaceful people."
Officials aussi Moved over the weekend to dismantle a protest camp in Salt Lake City, Utah, while in Denver, police on Saturday removed mattresses, tents and cooking grills Illegally Placed on a public sidewalk.
Seventeen people Were Arrested, Denver police said on Sunday.
This weekend's actions Were Officials have the latest in a number of cities Cited Have Health and Safety issues in urging demonstrators to take down Occupy Their camps, or as the Basis for police action to shut 'em down.
The Securities and Exchange Commission Employees disciplined for eight misstep related to Bernard L. Madoff's Ponzi scheme, with Punishments as Varied as suspensions or Written reprimand, an agency Spokesman said.
The sanctions stem from Inspector General H. David Kotz's 2009 report on the agency's dealings with Mr. Madoff, According To John Nester, an SEC Spokesman. Mr. Kotz HAD urged the SEC to act on an "employee-by-employee basis" to Prevent a recurrence of Mistakes That Kept the agency from halting the fraud.
Of the 21 people "whose performance or Conduct Were Called Into Question" by Mr. Kotz, 10 Were not subject to review Because THEY HAD Already left the SEC, Mr. Nester said. Of Those Remaining, nine Were recommended for discipline, and one of 'em left the agency WAS Before the matter resolved, He Said.
"We all Thoroughly Examined Factors relating to the imposition of discipline, Including Employees 'performance history - Both Before and Since the Madoff events,' he said room air conditioners.
An Official Who Was recommended for firing WAS Given a 30-day suspension and a pay reduction After It Was Determined That Would Hurt the firing agency operations, Mr. Nester said. SEVERAL Others Were Given suspensions ranging from Three to 30 days, with Some Reduced in pay grade. Two people received "counseling memos," the mildest level of agency discipline.
"The SEC Could have the Ponzi Scheme Uncovered Before Madoff confessed well" in 2008, According To Mr. Kotz's report, the agency's Detailed Which failure to act on tips about Mr. Madoff's multibillion-dollar fraud. The internal investigation Did not find misconduct or "inappropriate influence" from reviews of Senior Officials in Mr.