Farmer jailed in Hong Kong for burning flag

A man has been jailed in Hong Kong for burning the national flag, in the first sentence of its kind.

S Korea suspends savings banks citing weak finances

South Korea has suspended seven local savings banks citing the weak state of their finances.

Japan urges mass evacuation ahead of Typhoon Roke

More than a million people in central and western Japan have been urged to leave their homes as a powerful typhoon approaches.

Burma begins swap scheme for cars over 40 years old

Owners of some of Burma's most antiquated cars have been queuing in Rangoon to exchange their old vehicles for permits to import newer models.

Polio strain spreads to China from Pakistan

Polio has spread to China for the first time since 1999 after being imported from Pakistan, the World Health Organization (WHO) has confirmed.

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Showing posts with label about. Show all posts

Thursday, May 2, 2013

Obama intimated take decisive steps about Syria

Washington (News and Us)-President Barack Obama on Tuesday warned not to hastily decide stance regarding chemical weapons in Syria, but said if there is evidence they use it, it will be the trigger for a "consideration" to question keengganannya take military.

Following the criticism, stating he let Syria step over the "boundary line" United States, Obama said Washington believes there is the use of chemical weapons during the civil war in the country, although it has not been able to ascertain who fired them.


At a news conference at the White House, AFP reported, Obama also offered a number of criteria that the steps taken by the US military intervention is evidence that the regime of President Bashar al-Assad directly ordered the use of chemical weapons.


Meanwhile, with regard to action of the hunger strike by the prisoners in the prison of Guantanamo Bay, Obama promised to fight to close a place he described as a prison of war-on-terrorism "unsustainable" and blamed Congress for worsening the situation.


He also praised the steps Russia's assistance in the investigation into the bombing incident at the Boston marathon on 15 April, times two suspects of Chechnya, but said there was "a tough old habits changed" between the security officer of the US and Russia.


Obama met the media in the midst of increased political pressure following the reports of intelligence related to the use of sarin gas by Syria's military forces against their enemies, despite earlier warnings that the use of chemical weapons will be "modifier map game".


"I have to make sure it has the right to get the facts. It is expected the American public, "he said.


"When I met with the fact that not only the UNITED STATES but the entire international community has believed that there is the use of chemical weapons by the regime of (President Bashar al-) Assad, then that changes everything," he recalls.


"It changes everything, in the sense that we may have to review again what options are available and we could travel," he said.


"There are a number of options which allow current to me, available at the ' shelves ' at this time but haven't we put out, and it is a series of options," said Obama, while saying he had asked the Pentagon's plan, with no further leaking.


A number of options including the Pentagon, proffered a dangerous operation to secure the supply of chemical weapons to ensure these items do not fall into the hands of radical groups or destruction of such weapons ensures immediate directly, using either the attacker or the air force team.


Obama's political opponents also called for it immediately sent u.s. military troops to help the rebel opposition groups, a move that has so far refused to take, or fly zones or set the security to protect hundreds of thousands of refugees.


A few hours later after Obama's press conference, "The Washington Post" quoted a senior official statements from unnamed said that President Obama was ready to send "the supply of weapons" to Syria rebel opposition groups.


However, a number of other officials say administrative parties only consider sending military equipment such as protective goggles, vehicles and clothes, but not with the war including weapons.


Meanwhile, National Security Council spokeswoman Caitlin Hayden said, "we continue to weigh every option, which will be able to bring our goals to support the political transition."


However, he also stated there would be no announcement that will be submitted in the near future.


One of the initial steps were taken immediately after President Obama's request to close Guantanamo Bay prison. But four years later, the prison remains in operation and become dust us face the world expunge an unlimited and now repeatedly hit by acts of a hunger strike by some prisoners who undergo suffering.


"I'll be back to fight for it," Obama said while warning that the situation in the camps was "not sustainable" and blamed the Congress that has Scotch closure efforts.


"It costs dearly. Inefficient. Gnaw US in the Association. Reduce cooperation with several countries in counterterrorism efforts. Even become a recruiting tool the extremists. "


"This continued ... the problem will not be improved. Will only worsen. And will rot, "Obama said, while adding that the hunger strike action should be aware of the people and the u.s. Government think how punishing the better, limiting and return prisoners no longer considered dangerous.


(SYS/G006/B002)




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Tuesday, March 26, 2013

Obama chose the completion of "diplomatic" about Iran's nuclear

The US President, Barack Obama, have a meeting with the Prime Minister of Israel, Benjamin Netanyahu, in Jerusalem on Wednesday (20/3) with the main discussion agenda Iran nuclear issue. (REUTERS)

Jerusalem (Reuters)-President of the United States (US), Barack Obama, has said that he prefers to handle the Iran nuclear issue by means of "diplomatic", as it became the desire of Iran.

In a joint press conference after meeting with the Prime Minister of Israel, Benjamin Netanyahu, in Jerusalem on Wednesday (20/3), Obama said "all options remain on the table" and that he preferred a diplomatic solution.

According to a Xinhua News Agency report, Obama said Iran and its nuclear weapons "can be a threat to the region, for the world, as well as create Israel".

The US President also assured Israel with the support of the U.S. Iran nuclear problem remains.

Israel and some Western countries have long accused Iran is secretly trying to make nuclear weapons, an allegation disputed by Tehran. Iran insists its nuclear program is solely for peaceful purposes.

Israel has long threatened to launch an attack against Iran's nuclear installations if diplomacy and sanctions fail to stop Iran's efforts to develop nuclear weapons.

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Tuesday, March 19, 2013

13 facts about Whales Francis

Cardinal Jorge Mario Bergoglio was elected the new Pope, who chose the name Pope Francis (Reuters)

Vatican City (Reuters)-the conclave chose Cardinal Jorge Mario Bergoglio Argentina become the 188th 266 to replace the Pope Benedict XVI. He later chose the name Francis.

The following 13 facts about Francis, Pope Pope comes from the South American region.

Jorge Mario Bergoglio, SJ, was born on December 17, 1936. He was a Cardinal, Argentina has served as Archbishop of Buenos Aires since 1998. He was elevated to the cardinalate in 2001. The conclave held in the Sistine Chapel, Friday (13/3).

Pope Francis during Cardinals, live in small flats, prefers to take the bus if traveling and only have one lung, as quoted from pages of the Guardian.

Is known about Francis Pope:

-He prefers traveling aboard public buses

-He has to live with one lung for over 50 years

-It line of Italy, the son of a railroad worker

-He is a chemical engineer

-He was elected the first Pope who is not from Europe in the modern era

-He opposed the practice homoseksuan although still accept the use of condoms with consideration of "justifiable" as far as to prevent infectious diseases

The year 2011, he never washed and kissed the feet of people with AIDS in a hospital

-He is fluent speak the language of Italy, Spain and Germany language language

-Until now he lives in a small flat, far from the residence for the Bishop

-He once said would not go to Rome, but rather gives his fare for the poor

-He was the runner-up of the 2005 conclave

-He was the author of the book in Spain entitled "Sobre el Cielo y la Tierra" (About Heaven and Earth)

-He conservators related problems such as the doctrine of the Church. He criticized the Catholic priest who refused to baptise the babies born from the "single mother"



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Tuesday, March 12, 2013

UN concerned about tribal war in Darfur

Khartoum (Reuters)-the UNITED NATIONS expressed concern Sunday that the deadly tribal war in Darfur, Sudan, which has disrupted aid efforts for tens of thousands of people displaced as a result of earlier violence.

Residents in the town of El Sireaf said, heavy machine gun fire and rocket-propelled grenades Arab militias burned houses and killed more than 50 people on Saturday.

"We are very concerned over the violence," said Damian Rance from the Office of the coordination of Humanitarian Affairs of the United Nations (OCHA) told AFP.

"The violence that has affected our ability to run humanitarian operations," he added.

Approximately 100,000 displaced persons or very affected by fighting in Darfur since the beginning of January between the Rezeigat tribe and Arab rival of Beni Hussein in gold mining area of Jebel Amir of the State of North Darfur.

Residents still displaced across a vast area but the majority of them arrived in the town of El Sireaf, where the battle occurred on Saturday.

Aid convoys are still moving in the surrounding area but "we do not have access to the city of El Sireaf" because of the fighting, Rance said.

The clash-the clash between Sudanese troops and the guerrillas continued in Darfur despite the world's biggest peacekeeping mission COMPUTERS, placed in the region of Western Sudan.

The African Union-UN Mission in Darfur (COMPUTERS), which now numbered 23,500 people and is the largest peacekeeping mission in the world, was stationed in Darfur, Western Sudan, since 2007 to try to end the hostilities between the rebels and the Government of the Sudan.

The UNITED NATIONS said more than 300,000 people killed since the conflict erupted in the region of Darfur in 2003, when ethnic minority rebels took up arms against the Arab-dominated Government to demand greater sharing of resources and power. Khartoum Government called the number of deaths is only 10,000.

The Sudanese Government signed a peace treaty with Qatar sponsoran an Alliance of rebel groups in 2011, but large groups rejected it.

The main guerrilla groups the justice and Equality Movement (JEM) rejected the Treaty, signed by Sudan and the justice and Freedom Movement (LJM), the other rebel group in Darfur.

JEM is one of several Darfur rebel groups in 2003 to demand wider autonomy for the arid Western region. They are now regarded as the most powerful rebel group in Darfur.

The split among the rebels and a battle that lasted into two main obstacles to the peace negotiations which took place since 2003 in Chad, Nigeria and Libya, before moving to Doha.

The International Criminal Court (ICC) based in the Hague issued an arrest warrant against Sudanese President Omar al-Bashir on 2009 on charges of war crimes and crimes of humanity in Darfur, Western Sudan. Bashir is also accused of committing genocide in the warrant of arrest.

Bashir has denied accusations the Hague Court and referred to it as part of a Western conspiracy to remove him. The arrest warrant is the first issued by the International Court against a head of State. (M014)



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Monday, October 24, 2011

About 130 arrested at Occupy Chicago protest

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n">(Reuters) - About 130 protesters were arrested at an Occupy Chicago demonstration early Sunday after they erected tents and refused to leave a park next to Lake Michigan after its closing time, police said.

The breakup of the protest in Grant Park was the second mass arrest of demonstrators from Occupy Chicago in the past week. A week ago, about 175 protesters were arrested.

In Philadelphia Sunday, 15 people were arrested when a group of protesters blocking traffic refused to move, authorities said. They face misdemeanor charges of obstructing a highway.

The Philadelphia arrests were the first there since Occupy Philadelphia began in sympathy with the Occupy Wall Street movement in New York.

In Chicago, the protesters were charged with violating a city ordinance, the equivalent of the lowest misdemeanor, and most were released after agreeing to appear in court, police said.

Grant Park, the site of large protests against the Vietnam War during the Democratic Party's convention in Chicago in 1968, is supposed to be closed after 11 p.m., police said.

The protests, which launched more than a month ago in New York and focus on anger over government bailouts of big banks and persistent high unemployment, have sprung up across the United States and in other countries.

The demonstrations focus on what protesters see as unequal treatment of the 99 percent of Americans versus the top 1 percent of earners, but critics have said the groups lack clear objectives.

Hundreds of Occupy Wall Street demonstrators have been arrested in New York since the protests began. There have also been numerous arrests in Tampa, Florida, Cincinnati, Des Moines, Minneapolis, Denver and other cities.

(Reporting by David Bailey, additional reporting by Dave Warner in Philadelphia, editing by Ellen Wulfhorst and Sandra Maler)



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Friday, October 14, 2011

U.S. says Tehran denial about contacts not truthful

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Iranian women walk past an anti-U.S. mural on the wall of the former U.S. embassy in Tehran October 12, 2011. REUTERS/Morteza Nikoubazl

Iranian women walk past an anti-U.S. mural on the wall of the former U.S. embassy in Tehran October 12, 2011.

Credit: Reuters/Morteza Nikoubazl

WASHINGTON | Fri Oct 14, 2011 5:05pm EDT

WASHINGTON (Reuters) - The United States held rare direct contacts with Iran over allegations that Tehran was behind an alleged plot to kill the Saudi ambassador on U.S. soil, the State Department said on Friday, dismissing Iranian denials that any meeting had taken place.

"I will again confirm that we did meet with the Iranians," State Department spokeswoman Victoria Nuland said.

"They know that very well, and any efforts on their part to deny it speaks again to how truthful they are about any of these sorts of matters," she added.

Nuland had initially indicated the meeting took place on Wednesday but U.S. officials later clarified it was on Tuesday. The spokeswoman declined to identify the participants or the venue of the meeting.

U.S. authorities said on Tuesday they had broken up a plot by two men linked to Iran's security agencies to kill Saudi Ambassador Adel al-Jubeir in Washington. One was arrested last month while the other was believed to be in Iran.

"The substance on our side was to make absolutely clear that we consider this whole behavior a violation of U.S. law, a violation of international law and unacceptable and that we intend to hold them to account," Nuland said.

President Barack Obama warned Iran it would face the toughest possible sanctions over the alleged plot.

Earlier on Friday, Iran's semi-official Mehr news agency reported that an official at Iran's U.N. mission denied that Tehran had been in direct contact with the United States over the assassination plot allegations.

"There has been no direct contact between the two countries," Alireza Miryousefi, an official in charge of the media at Iran's U.N. mission, told Mehr.

Iran called the accusations a fabrication designed to stoke tensions in its relations with its neighbors, already under strain over its nuclear program.

Iran and the United States are at loggerheads over Tehran's disputed nuclear program, which Washington and its allies fear is aimed at making a nuclear bomb.

Tehran denies this, saying it only wants to generate electricity. The plot allegation raises tensions to a new level between the Obama administration and Iran.

(Reporting by Paul Eckert; Editing by Vicki Allen and Jackie Frank)



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Friday, October 7, 2011

Her Hips Don't Lie (About Education): Obama Appoints Shakira to Advisory Commission

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Colombian singer Shakira knows a thing or two about educating children.

At least that's what Obama must be thinking, as the White House has just appointed the "Whenever, Wherever" singer to the President's Advisory Commission on Educational Excellence for Hispanics, according to a statement released on Wednesday.

(PHOTOS: Colombian Sensation Shakira)

While this appointment probably comes as a surprise to many — if not all — people out there who associate Shakira with the Grammys and soccer, the singer has actually been heavily involved in children's programs in Latin America. There's the Barefoot Foundation, which she founded,  which creates schools and educational projects in Colombia, South Africa, and Haiti. Also, according to the White House's statement, she was made "a Goodwill Ambassador for the United Nations International Children's Emergency Fund in 2003, where she promotes the expansion and improvement of comprehensive early childhood care and education across the world.”

The commission — which will also include former Montgomery Board of Education president Nancy Navarro, executive director of the Partnership for Community Action Adrián A. Pedroza and the superintendent of a high school district in Phoenix Dr. Kent P. Scribner — will advise Obama and Education Secretary Arne Duncan on issues related to the educational success of Hispanic students.

MORE: Top 10 Songs With Silly Lyrics

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Monday, October 3, 2011

Despite Job Security, Federal Workers Gripe About Pay

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Some federal workers just can't be pleased. Despite avoiding the massive layoffs, pay cuts, and harsh benefit reductions suffered by private sector workers, Uncle Sam's workforce is less satisfied with their pay than last year and generally less satisfied with their jobs than nonfederal workers, according to an Obama administration new survey.

In the new Federal Employee Viewpoint Survey, a minority of bureaucrats said they are satisfied with their bosses and believe they have the opportunity to get a better job.

[See who will benefit from the slowing economy.]

But not all of the news is bad. "One clear finding: federal employees continue to be dedicated to their jobs and to accomplishing their missions. Employees are willing to give extra effort, are looking for ways to do their jobs better, and believe their work is important," said Office of Personnel Management Director John Berry.

Unlike private employers and state and local governments, the Obama administration has not responded to the mounting deficit and sinking economy with job cuts. The administration did levy a pay freeze, but it did not freeze pay increases called for in union contracts or limit the check-fattening "step increases" employees are eligible for. Currently, 459,016 of the government's 2.14 million workers make at least $100,000 in average base salary, according to OPM. [See political cartoons about the economy.]

Still, the employee survey logged a decrease in pay satisfaction. While 65.8 of the federal workforce said last year that they were satisfied with their pay, this year it dropped to 62. 5 percent with just 18.3 percent saying that they are "very satisfied" with their pay check. Nearly 6 percent of the 253,704 employees who answered the survey said that they are "very dissatisfied" with their pay. [Check out the new U.S. News Weekly iPad app.]

When compared to the views of workers in the private sector federal workers aren't as satisfied in many areas either. While there is parity in job satisfaction, federal workers, for example, feel that they aren't as challenged to do things better than private workers. And less federal workers are satisfied with their organization than are private workers.

As for which departments have the happiest employees, State led among the biggest cabinet departments. According to the OPM, the top 10 agencies with the higest job satisfaction are:

1. Nuclear Regulatory Commission

2. National Aeronautics and Space Administration

3. Department of State

4. Social Security Administration

5. Federal Trade Commission

6. National Credit Union Administration

7. Office of Personnel Management

8. Court Services & Offender Supervision Agency

9. Department of Justice

10. Department of the Treasury



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Tuesday, September 27, 2011

Solyndra Bankruptcy Raises Questions About Federal Loan Guarantees

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High risk was essentially the nature of the ill-fated Solyndra investment from its conception, but it's really only now—after what could potentially amount to a scandal for either the bankrupt solar company, the Obama administration, or both—that the risks taken by the Department of Energy's Loan Guarantee Program are coming to the forefront.

Solyndra, a solar manufacturing company based in Fremont, Calif. that specializes in producing a new type of cylindrical solar photovoltaic panels, was the Obama administration's clean-energy poster child back in September 2009 when it finalized a loan guarantee deal with the Energy Department. Early this month, however, after receiving $527 million in federal funds over two years, the company filed for bankruptcy.

[Read about how Obama abandoned clean energy in his recent jobs speech.]

With the half billion in taxpayer dollars loaned to Solyndra mostly likely lost for good, Americans now have to ask themselves whether the loan guarantee program is worth the gamble, and whether they should trust the administration with managing the risks involved.

Democrats have been quick to point out that it was the Republican Bush administration that set the loan guarantee program in motion and first began to process Solyndra's application; it was the Obama administration, however, that ultimately moved forward on Solyndra's loan guarantee with money set aside by the American Recovery and Reinvestment Act, better known as the 2009 stimulus. According to the Energy Department, more than two years of due diligence were completed before the loan guarantees were first offered conditionally in March 2009, and then finally closed later that year. At the time, Solyndra's new rolled-tube technology seemed like it had potential. Though it was more expensive to deploy than other more traditional solar panels already in the market, it didn't have to account for the price of polysilicon—which was fairly high at the time—and it was also much cheaper and easier for consumers to install.

However, after the deal was signed, the global solar market changed unexpectedly, significantly changing Solyndra's business prospects. A large influx of Chinese state loans to domestic silicon producers and a decline in demand in the European market drove down the price of polysilicon and it continues to fall—as much as 42 percent just since the beginning of 2011, according to the DOE. Though this benefited consumers, Solyndra lost its competitive advantage with other solar manufacturers around the world, something that even a new facility built with the money backed by the loan guarantees couldn't overcome.

According to the head of the Department of Energy's Loan Programs Office, Jonathan Silver, who testified before members of Congress Wednesday, these changes came as a surprise. After all, the department wasn't the only one to bet on Solyndra. Private investors also dumped hundreds of millions of dollars into Solyndra's new manufacturing facility, and the company had been hyped by other credible sources, like the Massachusetts Institute of Technology's Technology Review and the Wall Street Journal. "Silicon just went way, way down and it became less of a compelling technology because of the price of silicon just changing completely," said Kate Gordon, vice president for energy policy at the Democratic-leaning Center for American Progress. "That's the piece that nobody could have really predicted, neither the DOE or all the private investors who put their money in this project."

Also, compared with other DOE loan guarantee projects, the very nature of Solyndra's project might have made it a greater risk for taxpayers. Unlike the majority of the solar projects in the department's portfolio, which are built for solar power generation, Solyndra was building a facility to manufacture solar panels, a commodity susceptible to global competition and market swings. According to Damien LaVera, spokesman for the Energy Department, the solar generation projects are "good for the taxpayer because they tend to carry less risk" than the manufacturing projects, due to power purchasing agreements that generally guarantee revenue after a project is completed. And indeed, such solar projects are thriving due to the cheaper price of photovoltaics worldwide. In contrast to the bust of Solyndra, the U.S. solar industry as a whole is on track to double its solar capacity in 2011 from 2010 to almost 2,000 megawatts, according to the Solar Energy Industries Association.



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Sunday, September 25, 2011

After 9/11, Immigration Became About Homeland Security

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The morning of Sept. 11, 2001, Angela Maria Kelley remembers driving past the Pentagon on her way to an immigration policy meeting on Capitol Hill. She'd heard on NPR that a plane had crashed into one of the World Trade Center towers in New York City, but like the rest of the nation at that point, Kelley had no idea about the magnitude of what was going on.

Kelley, then deputy director of the immigrant-rights organization National Immigration Forum, was on her way to meet with congressional staffers on putting together policies to reflect recent collaboration by President George W. Bush and Mexican President Vicente Fox—the two leaders planned to work together on border security, anti-drug trafficking measures, and a path to legalization for undocumented Mexican immigrants living in the United States. Fox had addressed a joint session of Congress five days earlier, a symbol of the growing cooperation between the nations.

[Read more about immigration reform.]

Kelley recalls waiting in then Senate Majority Leader Tom Daschle's office reception area along with his staffers and aides from Sen. Ted Kennedy's and House Minority Leader Rep. Richard Gephardt's staffs, waiting to start the meeting.

But the news trickled in: A plane hit the Pentagon, another hit the second tower in New York, and an additional plane was missing. Capitol Police evacuated the building.

Kelley, now vice president for immigration policy and advocacy at the left-leaning Center for American Progress, says that immigration meeting was never rescheduled. "We just shifted topics," Kelley explains, to deal with tightening up nonimmigrant visas for students and businesses—the sort of visas the 9/11 terrorists had used. "It redirected the conversation with such ferociousness because of the completely understandable concerns in the wake of such a horrible tragedy," she says, explaining that the policy discussions were dominated by enforcement, pushing the previous priorities to the back burner. "But it took it into a space that made it difficult for a long time."

News that the hijackers had entered the country legally through the U.S. visa process—and that a few had overstayed visas and were in the country illegally—led to a string of laws to tighten the visa process and other restrictions on immigrants. The concept of immigration was suddenly viewed through the lens of "homeland security," a newly ubiquitous term, and the debate swung heavily toward enforcement and prevention, accompanied by a heightened rhetoric of fear.

[Read more about national security, terrorism, and the military.]

Latin Americans and National Security

Latin Americans had nothing to do with 9/11: The terrorists did not use the southwestern U.S. border, and all were from the Middle East. But since, according to Pew Hispanic Center, the vast majority of unauthorized immigrants come from Latin America and the largest group of U.S. foreign-born residents are from Mexico, when America's spotlight focused on immigration enforcement, that spotlight was shining on them.

Before the 9/11 terrorist attacks, it seemed likely a path to legal status was in the cards for Mexicans in the country illegally. Just five years earlier, in 1997, the Nicaraguan Adjustment and Central American Relief Act gave a way for some illegal immigrants from Nicaragua, Cuba, El Salvador, and Guatemala to gain permanent resident status. In 1998, the Haitian Refugee Immigration Fairness Act did the same for Haitians. Opponents, who called these actions "amnesties," were already working to build opposition, but for those advocating a pathway to citizenship, hopes were high.

For Roy Beck, president of Numbers USA, which advocates limiting immigration overall, this new focus on enforcement was a relief since it changed a growing pattern of legalization legislation. "There have been zero amnesties passed since 9/11," he says. "It may be that 9/11 did change the environment so that it became harder for Congress to continue to pass an amnesty every couple years."



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Monday, September 12, 2011

Exclusive: Stark to leave the ECB about buying titles

European Central Bank (ECB) policymaker Juergen Stark speaks during a dinner function at a hotel in Hong Kong April 12,2011. REUTERS/Tyrone Siu

Policymaker European Central Bank (ECB), Juergen Stark speaks during a dinner at a hotel in April Hong Kong 12.2011.

Credit: Reuters/Tyrone Siu

FRANKFURT (Reuters)-member of the Executive Board of the European Central Bank Juergen Stark will resign from Office, because of a conflict about the controversial program purchase securities of the ECB, Reuters sources said on Friday.

The ECB confirmed Stark would be the second German to leave the Bank policymaker this year after exiting the Bundesbank Chief Axel Weber on February-a motion also stimulated by his opposition to the bond program.

The Bank, "Stark said he resigned for personal reasons, but two sources said Reuters was related to the purchase link that has rescued the Italy and Spain last month of the crisis and the euro and European stock markets fell in response.

Bond yield spreads, however, to the periphery fight of Europe were only slightly higher.

Stark's departure would be a blow to the ECB, whose experienced President, Jean-Claude Trichet, is due to retire at the end of October. Trichet will be replaced by Mario Draghi, Italy whose native has been under attack from markets.

"This is remarkable," said Manfred Neumann, professor emeritus of Economics at the University of Bonn and former thesis Adviser to the President of the Bundesbank Jens Weidmann.

"Stark held the same view of buy link as Axel Weber and current Bundesbank President. Is a position that all Germans have. This is a sign of enormous problems within the central bank. The Germans clearly has a problem with the direction of the ECB. "

Stark and Weidmann, along with two other members of the Governing Council 23 Members, against the resurgence of ECB bond-buy last month.

The ECB reactivated the program after a week of 19 pause to help hold down borrowing costs in Italy and in Spain.

The ECB is, however, worried that by purchasing titles sovereigns of Italy's third largest economy-eurozone-only is encouraging the Italian Government to slow down efforts to shore up its finances and has been angry with flip-flopping in Rome.

Stark, 63, had been a member of the Executive Board of six members of the ECB since June 2006 and held the influential economy portfolio.

His tenure in the Council, whose members form the Council of the ECB together with the heads of the National Bank of the euro zone, was until 17 May 31, 2014.

The news that shirk Stark comes amid sharp criticism of the ECB's actions by some economists and politicians in his native Germany.

Trichet took aim at France, Germany and Italy on Thursday to sprinkle the budget rules of European stability and Growth Pact, saying that this contributed to the fiscal mess that finally pushed the ECB to buy the debt troubled economies in bond markets.

"If we embarked on the SMP program (sulfite) ... was because the Governments concerned had not acted properly," he said in an impassioned defense of record of the ECB at its monthly news conference.

(Reporting by Andreas Framke and Alexander Huebner; written by Paul Carrel)



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BofA discussing about 40,000 job cuts: report

A Bank of America sign is pictured outside a bank branch in Charlotte, North Carolina January 19, 2010. REUTERS/Chris Keane

A sign of the Bank of America is depicted, outside a bank branch in Charlotte, North Carolina, January 19, 2010.

Credit: Reuters/Chris Keane

BANGALORE | Fri 09/09/2011 3:51 am EST

BANGALORE (Reuters)-employees of Bank of America Corp. discussed cutting approximately 40,000 jobs during the first wave of a restructuring, said the Wall Street Journal, citing people familiar with the plans.

The number of job cuts is not final and could change. The restructuring aims to reduce the Bank's work force of 280,000 during a period of years, told the newspaper.

BofA could not immediately be reached for comment by Reuters outside us regular office hours.

The newspaper said BofA executives met Thursday in Charlotte, North Carolina, where the Bank is headquartered, and will meet again Friday to make final decisions on reductions, putting the finishing touches on five months of work.

Investors are pressuring BofA to improve its performance after he lost money in four of the last six quarters and its stock has dropped by half this year.

The newspaper said that the cuts proposed may exceed the last big cut of BofA in 2008 when called for cuts of 30,000 to 35,000 jobs over three years. This movement was caused by an economic slowdown and the planned acquisition of Merrill Lynch & Co.

Earlier this month, the Charlotte Observer reported that BofA executives were discussing plans to launch potentially 25,000 to 30,000 jobs in the coming years.

BofA had previously planned to cut 3,500 jobs, its Chief Executive Brian Moynihan had said in a memo to staff on 18 August, while he tries to come to grips with $ 1 trillion dollars of mortgages of the problem.

Bank of America announced a profound reorganisation of its senior management team on Tuesday, which included the departure of the consumer Bank Chief Joe price and wealth management head Sallie Krawcheck.

Banks are shedding jobs throughout the world as more stringent standards and a tough second quarter income trading to take its toll on investment banking units in particular.

More than 70,000 staff cuts were announced this year or are declared as the works of European and US banks, some of them will be lost over three or four year programs.

(Reports by Sakthi Prasad in Bangalore; Editing by Anshuman Daga)



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