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Source: http://mcdonaldscentralcoast.com/?p=1094

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Justice Department calls Swiss Bank a "fugitive"

NEW YORK (AP) ? The U.S. Justice Department called Switzerland's largest private bank a fugitive from justice after it didn't send any representatives to a court hearing in New York, where it has been charged with conspiring with American clients to hide $1.2 billion from the Internal Revenue Service.

Wegelin & Co. is accused of helping at least 100 U.S. clients conceal huge sums of money from the the federal tax collection agency in overseas accounts. Federal prosecutors said the bank recruited American customers who were concerned about possible prosecution for tax violations at home, including some that had already pulled money out of other Swiss banks because of growing pressure from U.S. law enforcement. Three of the bank's client advisers were indicted in January. The bank was added as a defendant in the case on Feb. 2

U.S. officials, however, have yet to find a way to move the case forward. The three Wegelin advisers charged in the case, Michael Berlinka, Urs Frei and Roger Keller, have not been arrested and the Justice Department has decided that any attempt to extradite them from Switzerland is unlikely to succeed.

The bank was summoned to appear before a federal judge in New York on Friday at 3 p.m. (2000 GMT), but neither a bank officer nor a lawyer showed.

In a statement issued in Switzerland after the court hearing, the bank said it had not been properly served with the criminal summons, and was therefore under no obligation to appear in court.

As for the charges, the bank suggested that there was a conflict between US and Swiss law.

"The circumstances create a clear dilemma for Wegelin & Co: If it were to adhere to current US legal practice aimed at Swiss banks, it would have to breach Swiss law," the statement said.

The bank added that it would "make every effort to resolve this matter within the boundaries of respectful cooperation."

It is unclear what prosecutors can do next. Wegelin doesn't have an office in the U.S. Federal authorities have frozen $16 million that the bank had in a correspondent account in the U.S., but that amount is tiny compared to the large sums involved.

U.S. District Judge Jed Rakoff, who is presiding over the case, asked prosecutors to make a proposal on how to move the prosecution forward, and suggested involving the State Department, but the hearing ended without any immediate resolution.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-02-11-Swiss%20Bank-IRS/id-e6397bfe944b40bcadba95682274cbc4

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Greek premier defends bailout deal, painful cuts

A protester wearing a Greek flag sits in front of riot police during a rally outside the Greek Parliament in Athens, Saturday, Feb. 11, 2012. The leaders of the two parties backing Greece's coalition government called on their deputies Saturday to back legislation that calls for harsh new austerity measures - essential if Greece is to get a new bailout deal worth euro 130 billion ($171.6 billion) and stave off bankruptcy. (AP Photo/Thanassis Stavrakis)

A protester wearing a Greek flag sits in front of riot police during a rally outside the Greek Parliament in Athens, Saturday, Feb. 11, 2012. The leaders of the two parties backing Greece's coalition government called on their deputies Saturday to back legislation that calls for harsh new austerity measures - essential if Greece is to get a new bailout deal worth euro 130 billion ($171.6 billion) and stave off bankruptcy. (AP Photo/Thanassis Stavrakis)

Greek Prime Minister Lucas Papademos arrives for a cabinet meeting at the Greek Parliament in Athens, on Friday, Feb. 10, 2012. Greece's future in the euro grew increasingly precarious Friday as violence erupted on the streets of Athens during a general strike and five politicians resigned from the government after European leaders demanded deeper spending cuts. (AP Photo/Petros Giannakouris)

A man looks on next to a graffiti which read '' you can't leave with 400 Euros'' and ''you revolt'' in the northern port city of Thessaloniki, Greece, Saturday, Feb. 11, 2012. The leaders of the two parties backing Greece's coalition government called on their deputies Saturday to back legislation that calls for harsh new austerity measures - essential if Greece is to get a new bailout deal and stave off bankruptcy. (AP Photo/Nikolas Giakoumidis)

Greek communist party members hang banners in Greek and English denouncing EU policies under the temple of Parthenon at the Athens' Acropolis hill on Saturday Feb. 11, 2012. Lawmakers from two parties backing Greece's coalition government are meeting Saturday to consider support for legislation containing new austerity measures, which Socialist leader George Papandreou has urged his deputies to back, saying the country faces disaster if the new bailout deal falls through. (AP Photo/Petros Giannakouris)

Greek communist party members wave party's flags after hanging banners in Greek and English denouncing EU policies under the temple of Parthenon at the Athen's Acropolis hill on Saturday Feb. 11, 2012. Lawmakers from two parties backing Greece's coalition government are meeting Saturday to consider support for legislation containing new austerity measures, which Socialist leader George Papandreou has urged his deputies to back, saying the country faces disaster if the new bailout deal falls through.(AP Photo/Petros Giannakouris)

ATHENS, Greece (AP) ? Warning of a "catastrophe" that would leave Greeks subsisting on food stamps and the country wallowing in bankruptcy, Greek leaders urged lawmakers Saturday to pass more painful spending cuts on the eve of a crucial vote to qualify for a massive bailout.

In a televised address Saturday, Prime Minister Lucas Papademos defended the thousands of job cuts, drop in the minimum wage and other austerity measures that would earn the country a euro130 billion ($171.6 billion) bailout deal and stave off bankruptcy.

"The deal will ensure our country's future inside the euro. ... A bankruptcy would lead to uncontrollable economic chaos and social explosion," Papademos said. He added that a bankruptcy would lead to Greeks losing their savings; the state being unable to pay salaries and pensions; and shortages in import items such as medicines, fuel and machinery.

He and the leaders of parties backing Greece's coalition government ? socialist George Papandreou and conservative Antonis Samaras ? as well as Finance Minister Evangelos Venizelos, a socialist ? used stark images of a country under bankruptcy to convince the public and, more importantly, persuade Parliament members debating the measures to vote for the deal.

"If we do not dare today, we will live a catastrophe," Papandreou said during a parliamentary debate session.

"What do you want, a country where food will be handed out with food stamps and where we will have no fuel?" Samaras angrily told a dissenting deputy.

"The battle is now. The war is now. If we falter, nothing will be left standing...The real dilemma is between painful measures and crushingly painful ones," Venizelos told socialist lawmakers.

Several dissident lawmakers were unconvinced. At least 13 conservatives and seven socialists declared they would not vote and two more socialist deputies resigned, bringing the total to three. Their replacements will be seated Sunday.

Typical of the dissidents' arguments was the one put forward by veteran socialist Vasso Papandreou (no relation to the socialist leader), a former minister and member of the European Commission. "If we say we do not pay the bond that matures on March 20, all (Europeans) will rush to find a solution," she said.

Debt-stricken Greece does not have the money to cover a euro14.5 billion bond repayment on March 20, and must reach a vital debt-relief deal with private bond investors before then. The country's woes have threatened its future in the 17-country zone that uses the euro currency.

The Europeans are waiting to see Greece finally act on their commitments.

"If the right course is now set sustainably in Athens, Greece can count on our support ? but only then," German Foreign Minister Guido Westerwelle was quoted as telling the weekly Der Spiegel.

"There can no longer be advance payments," he said, according to the report. "Only actions count now."

Westerwelle said that the "clear aim" is to keep Greece in the eurozone. But he insisted that "it is not enough to approve reform programs; it is necessary to begin the implementation of the reforms without delay. Not sometime, but now."

The austerity measures included in the bailout deal, including the layoffs of 15,000 workers and a 22 percent drop in the minimum wage and pension cuts, have set off street protests and led to the resignations of half a dozen Cabinet officials.

Lawmakers are wary of voting for the measures and the prospect of more to come, along with the job cuts and the shutdown of several state agencies, including welfare agencies. The demands of creditors, including the European Union and the International Monetary Fund, have caused one of the original coalition parties ? the populist right-wing Popular Orthodox Party ? to quit the government and withdraw its four members from the cabinet. Two more cabinet members, both socialist deputy ministers, have also quit. They cited their disagreements with parts of the austerity package.

Both Papandreou and Samaras made it clear that dissenters are not welcome in the party. Samaras threatened to expel those who did not vote in favor and exclude them from the lists of party candidates in the next election. "I want to make it absolutely clear ... rebels or 'bravehearts' have no place in (the party's) candidate lists," he said.

"I call on you to fall in line and vote for this difficult and painful deal that will help (the country) stand on its feet. Whoever has a conscience problem can resign," Papandreou told his lawmakers.

Together, the socialists and the conservatives have 236 deputies in the 300-member parliament.

Parliament will vote Sunday on emergency legislation approving the new bailout and a debt-swapping deal with private creditors. Further legislation detailing the measures demanded by, and agreed with, Greece's public creditors, the EU and the IMF, will be up for vote a few days later. The exact time has not yet been set.

Samaras also called for an immediate election once the bond swap deal with Greece's private creditors is over, saying he would not agree to the extension of the mandate of the coalition government beyond that date. Elections are normally due in October 2013. The bond swap deal with Greece's private creditors is expected to help Greece get rid of some euro100 billion of its debt. The bond swap must be completed before March 20, the redemption date for euro14.5 billion worth of bonds. Elections could then be held about three weeks later than that, at the earliest.

While the two parties met, union leaders staged a demonstration outside Parliament that attracted about 4,000 protesters, while up to 6,000 policemen patrolled the streets of Athens. The protest ended with some scuffles that left two people injured when police tried to clear the street in front of Parliament. Authorities are bracing for a much larger, and possibly violent, one on Sunday evening.

Another 4,000 turned out for a peaceful demonstration in Thessaloniki, Greece's second-largest city.

___

Costas Kantouris in Thessaloniki and Geir Moulson in Berlin contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-02-11-EU-Greece-Financial-Crisis/id-6d06a5f4c64e47569642d89bcd3f5fc9

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Defending champs return to Boston Marathon (AP)

BOSTON ? Reigning Boston Marathon champions Geoffrey Mutai and Caroline Kilel lead the field of elite runners for the 116th edition of the event.

The men's elite field announced by organizers Thursday includes last year's third-place finisher and 2010 New York City champion Gebre Gebremariam; 2010 Boston champion Robert Kiprono Cheruiyot; 2011 Amsterdam and Rotterdam winner Wilson Chebet; and 2011 Chicago second and third place finishers Wesley Korir and Bernard Kipyego.

Jason Hartman and Antonio Vega are the only Americans in the elite field.

In addition to Kilel, the top women include Sharon Cherop and Caroline Rotich, who finished third and fourth, respectively, in Boston last year. They'll be joined by 2011 New York City winner Firehiwot Dado.

The race is scheduled for April 16.

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20120209/ap_on_sp_ot/ath_boston_marathon_elite_field

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Interesting Pet Facts for Pet Lovers

Americans love their pets. The country is indeed a nation of pet lovers. And these are very interesting times for those wishing to pursue a profession in the field of veterinary medicine. The opportunities are immense; more people are keeping pets and the pet insurance industry is booming.

If you think you have it in you to become an animal doctor, then do pursue your passion. You can work on farms, in zoos, in a national park or wildlife reserve, labs, and of course with pet insurance companies. Here are some very interesting pet facts that will be of interest to Americans and pet lovers from all over the world.

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1. Whole or non-neutered males are responsible for the maximum number of dog bites in America.

2. Children old enough to harass a dog but still not intelligent enough to understand the perils form the largest component of bite victims; these are kids around six years of age.

3. A dog?s sense of smell is a million times more acute than a human beings; it has four times the number of scent cells as those of a cat.

4. Old dogs can learn new tricks! So much for an old adage.

5. There are at this point in time close to a million lucky canines that have their pet owner?s entire wealth bequeathed to them.

6. There are more pet cats in America but more families have dogs as pets.

7. The average annual veterinary cost for dogs is around $250 and $220 for cats.

8. The Chow dog breed is unique, it has a black tongue.

9. It?s a known fact that pets can alert you to natural disasters such as earthquakes but do you know that your pet dog can also warn you of an epileptic fit coming your way.

10. The oldest dog ever on record lived up to a ripe old age of 29 years.

11. Pet euthanasia is a cruel reality in America. Fifty percent of the dogs and seventy percent of the cats in shelters have to be put down because there is nobody to claim them.

12. If you want a purebred, check out your local shelter. Twenty-five percent of the dogs in shelters are purebreds.

13. Cats can have up to four litters in a year and each litter can have up to six kittens. There are more than seventy million stray cats in America.

14. Snakes may not be everybody?s idea of pets but there are close to a million pet snakes in America.

15. A heartwarming 16% of dog owners in America actually purchase a house or a car keeping their pet dog?s needs in mind.

16. Veterinary medicine in America came into being to take care of livestock and farm animals.

17. Chocolate is toxic for cats and dogs; as a vet you will inevitably come across many chocolate poisoning cases.

18. Once a cat can get its head through an opening, it can pull its body. This is because the animal does not have a collarbone.

19. Cats are cool; they don?t ever break into sweat. They can?t. They don?t have sweat glands.

20. If we could jump like cats, we?d jump 40 feet.

21. Cats are partial to their left or right paw; just as we humans are left-handed and right-handed.

22. A cat?s color perception is sharper than a dog?s. A cat can recognize red, blue, green, yellow, and gray colors.

23. In America, pet insurance is a growing market with a mere 1% of the pets insured. In Europe, pet insurance is much more common. For example, in Sweden every second pet is insured.

24. By 2012, the pet insurance market will be worth close to 700 million dollars.

25. Dogs are capable of more than one hundred facial expressions.

26. Dogs are capable of only ten vocalizations; on the other hand cats can express themselves through close to one hundred sounds.

27. A group of cats is known as chowder; and a group of kittens is a kindle. Did anyone of you guys even know this?

28. A cat?s nose print is as unique as a human fingerprint.

29. If only cats were more social; they can retain memory of an incident for longer than dogs can do.

30. If you?ve got a pet iguana, you?ll probably know this. These reptiles can hold their breath for up to half an hour.

31. If you?ve got a pet cockatoo; there?s a good chance the bird might outlive you. They can have a lifespan of up to 75 years. A goldfish can live up to an amazing forty years.

32. If you?ve got a pet armadillo, know that the animal can get leprosy.

33. Rub a dog?s ears; they love it because the act releases endorphins. You now what else helps release endorphins and make us feel happy, don?t you?

34. It is a fact that if you are a pet owner, you will visit a doctor fewer times in your life as compared to a person that does not have a pet in the house.

35. Reptilian pets are major carriers of the salmonella virus.

Source: http://www.onlinevettechprograms.com/interesting-pet-facts-for-pet-lovers.html

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