Saturday, December 4, 2010

The British Conservative-Liberal Democratic coalition government has scrapped plans by the previous government to change the rules on equal pay between men and women.

The previous Labour government included a provision in the Equality Act 2010—Section 78—to allow the government the option to introduce regulations that would require companies to publish details of the difference in pay between male and female employees. If the government had activated such regulations, they would have come into force in 2013. The current government have decided not to activate this requirement and instead will only ask businesses to provide this data voluntarily and will set an “aspiration” to dramatically increase the number of women in senior positions in business.

Lynne Featherstone, the Liberal Democrat MP and coalition Equalities Minister, in announcing the plans stated that the government wishes “to move away from the arrogant notion that government knows best, to one where government empowers individuals, businesses and communities to make change happen.”

Featherstone announced the policy at the School of Management at Cranfield University, who have conducted research finding that only 12.5% of directors of FTSE 100 companies are women, up from 12.2% last year—”glacially slow” progress according to business commentator David Prosser.

Featherstone justified not implementing the pay audits due to the economic costs: “Right at this moment of financial peril to the nation is perhaps not the moment to introduce mandatory pay audits.”

This breaks with a Liberal Democrat manifesto commitment, as well as contradicting Featherstone’s own words two years ago in support of the audit: “A voluntary audit system for private industry is hardly worth the paper it’s printed on. We need to know when the government actually plans to step in if progress isn’t made.”

Women’s groups and trade unions have condemned this move. Dave Prentis, the general secretary of UNISON, Britain’s second largest trade union, said that this is an example of the government “stripping down its commitment to equality”.

Prentis continued: “It is a disgrace that women are still getting paid less than men. This move threatens to turn the clock back on all the progress already made with equal pay.”

Ceri Goddard, the chief executive of the feminist campaigning group the Fawcett Society, condemned the plans: “The persistent gap in pay between men and women is one of the starkest examples of inequality in the UK today. The government’s decision not to bring into force section 78 is a huge disappointment and means this injustice will continue for a long time to come. The government has today consigned another generation of women to lower pay. Their proposal to rely only on voluntary business action on pay isn’t just naive, it sends a dangerous signal that tackling discrimination against women is a choice, not a requirement.”

Yvette Cooper, Featherstone’s shadow minister on the Labour benches, called the news “another broken promise from the government” and said that “scrapping Labour’s plan to increase transparency in pay is a backwards step for women’s equality.”

Sunday, November 7, 2010

The Indian stock market ended at an all time high on the Diwali 60-minute Special trading session on Friday. Diwali trading is arranged every year on the festival of Diwali to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity; it is also seen as welcoming the New Year of the Samvat calendar. The Samvat calendar is 56.7 years ahead (in count) of the solar Gregorian calendar.

The benchmark 30-share Bombay Stock Exchange Sensitivity Index, Sensex, rose 0.53% or 111.39 points to a record close of 21,004.96. Sensex closes above 21k pts for the first-time in its 135 years history.

Indian markets have attracted about USD 26.74 billion this year of investment from foreign institutional investors. The sale of a 10% stake in Kolkata-based Coal India last month was the biggest share sale in Indian history and banked the government 3.4 billion dollars. Coal India has risen 43 percent since listing at the stock exchanges this week.

According to Mr. Rakesh Jhunjhunwala “This will continue for long periods of time. If you look at India we are 3% to 4% of world GDP, we are not even 0.5% of USD 30 to USD 35 trillion in the investment of institutions worldwide in equities. Our share is USD 250 billion, USD 200 billion may be and it could go up to USD 1 trillion. So I see no reason why money will not come. Don’t forget one thing that India is an open country. Indian companies have return on equity. Among the emerging markets we have the best corporate governance. We are well regulated; we have got good trading systems. Why will the money not come you tell me?” Mr.Rakesh Jhunjhunwala is tagged by the media as “India’s Warren Buffett”.

Wednesday, August 6, 2008

American celebutante and businesswoman Paris Hilton has bashed a recent presidential campaign ad by 2008 U.S. presidential hopeful John McCain in which he compared his rival Barack Obama to celebrities such as Hilton and Britney Spears. In McCain’s TV ad, it was stated that Obama was “the biggest celebrity in the world.”

Hilton recorded and uploaded a video to comedy website Funny or Die, in which she mocked McCain by calling him a “wrinkly white-haired guy.”

“Hey America. I am Paris Hilton, and I am a celebrity too,” she states at the beginning of the video, but not before images of the Star Wars character Yoda and the cast of The Golden Girls are paraded across the screen apparently comparing the characters to McCain.

“Only I am not from the olden days, and I am not promising change like ‘that other guy’. I’m just hot,” remarked Hilton, adding, “I guess I am running for president,” since McCain’s TV ad showed her.

McCain’s advertisement, released early this week, states, “Is the biggest celebrity in the world ready to help your family?” According to the Boston Globe and video displayed on its website, the narrator then points out that “the real Obama promises higher taxes, more government spending. So, fewer jobs.”

Bill Burton, a spokesman for Obama, responded to the ad: “Is the biggest proponent of George Bush’s tired, failed policies ready to bring about change? Another day brings another dishonest attack from John McCain. While Senator McCain knows that Senator Obama has proposed cutting taxes for 95% of American families, what he’s not telling us is that he wants to give $4 billion in tax breaks to the oil companies, continue giving tax breaks to corporations that ship our job overseas, and provide no direct tax relief for more than 100 million middle-class families.”

Hilton appears in good spirits in her video and even thanks McCain for endorsing her. “So thanks for the endorsement white-haired dude. And I want America to know, that I am like totally ready to lead.”

Saturday, June 30, 2007

The United Kingdom’s Joint Terrorism Analysis Centre (JTAC), a division of the security agency MI5, has raised its threat level to critical. Critical denotes that a terrorist attack is expected imminently. The threat is noted as being from al-Qaida, groups associated with al-Qaida, and other Islamic extremists. The change was made as a result of an earlier incident where a burning jeep drove into Glasgow Airport, which has been linked to the attempted London car bombings of the previous day.

MI5 also indicated that, although the threat comes principally from al-Qaida and related networks, Northern Ireland-related terrorism remains a threat.

In a press release Saturday, Home Secretary Jacqui Smith said, “I can confirm that JTAC has raised the national threat level to critical. This is in response to the events of the last 48 hours. Critical is the highest level of threat, and the threat level will be closely reviewed on a regular basis. Appropriate security measures have been put in place.”

A terror alert system was set up by the UK government to keep the public informed about the level of threat to the UK from terrorism. According to the Home Office, the likelihood of a terrorist attack taking place in the UK is identified in following threat levels:

• critical – an attack is expected imminently
• severe – an attack is highly likely
• substantial – an attack is a strong possibility
• moderate – an attack is possible but not likely
• low – an attack is unlikely

Sunday, August 8, 2010

Five hundred people are missing and as many as 150 are reported to have been killed by flash floods in India, caused by a sudden cloudburst that hit Indian-controlled Kashmir on Friday. The downpour struck the town of Leh and several surrounding villages, and reportedly caused a mud slide that hit the refugee-populated village of Choglamsar.

Associated Press reported that at least five foreign tourists were among those killed. Their nationalities are not known but New Delhi Television (NDTV) reported that 110 tourists, half of them foreigners, were being looked after at an Army transit camp on the Leh-Manali road. NDTV also said that the tourists had been given food, medicine and phone connections to their embassies. Flights have been arranged by the Indian government to bring affected foreign tourists back home.

Massive relief efforts are continuing; Farooq Ahmad, who is Inspector General of Police in Kashmir reported on Sunday today that “63 bodies had been identified so far and that rescue teams were fanning out to six villages near Leh that had not yet been reached during relief operations.” Believed to contain 5000 people, Choglamsar, on Leh’s outskirts, is one of the villages that rescuers have been clearing roads to reach.

The army has been called in to assist in rescue work. Thousands of troops, police and paramilitary soldiers were clearing roads in order to reach isolated villages. Those living in the upper reaches, whose housing was not adequate to provide protection, will have borne the full impact of the mud slides caused by the 12 mm of rain that fell on Friday in just a few minutes.

Officials said that rescuers were digging through crushed homes and piles of mud to search for survivors. The hundreds of reported injured are being treated at an army hospital and several makeshift clinics. Mohammed Deen Khan, a social activist who has been assisting in rescue work, said the mud was 15 feet high in some places. Heavy earth-moving equipment has been brought in to move the tonnes of mud and boulders blocking roads.

The rescue officials have faced a serious problem due to the severe damage of the Bharat Sanchar Nigam Limited (BSNL) office, a telecommunication enterprise, leading to the complete disruption of communication in the Leh region. The general manager of BSNL reports that the damage has caused a loss of 120 million INR. Another telecommunication enterprise, Airtel, has provided SIM cards to local administration for setting up hotlines that people can call for assistance.

Pashi Tsetan, a local administration development wing (deputy director) said, “The major problem is due to the communication breakdown. If communication is restored it will help in co-ordination of rescue operations in a better way.” Other institutions like Defence Institute of High Altitude Research (DIHAR), the ITBP camp, the Central Reserve Police Force (CRPF) and others have also been affected.

1,314 people, mostly tourists, have been airlifted from Leh to Delhi. Three additional Indian Airlines flights from Jammu and Delhi have been planned. Three IL-76 and four AN-32 aircraft carried relief material to Leh this morning, and four more by Jet Airways and Air India and three by Kingfisher Airlines will carry relief material and doctors to Leh.

The ITBP has sent water tankers containing drinking water to affected areas. Medical camps have been set up in villages like Saboo. The bodies of eleven persons were transported to Jammu and Kashmir, Punjab, and Rajasthan this morning.

India’s crisis comes as Pakistan is experiencing the worst floods in the country’s history.

Thursday, October 1, 2009

A crime scene police detective and a forensic biologist testified on Tuesday about bloody evidence entered into the court record, in the ongoing criminal trial against New York State Senator Hiram Monserrate. Monserrate faces charges of felony assault in an alleged attack on his girlfriend Karla Giraldo.

The prosecution has asserted that when Monserrate discovered that his girlfriend had the business card of another man, he chose to strike out at her. Monserrate has entered a plea of not guilty to charges he sliced his girlfriend’s face with broken glass during a conflict at their apartment on December 19, 2008. The defense team denied that the injury to the woman by Monserrate was intentional, instead claiming that the incident was “an accident” and the result of Monserrate tripping while bringing Giraldo a glass of water.

An emergency physician that had treated Giraldo stated in court last Thursday that Monserrate’s girlfriend asserted to her that her injuries were not the result of an accident. Though the defense has argued that Giraldo, who is from Ecuador, may have been difficult to understand – the physician stated she conversed with Monserrate’s girlfriend in both Spanish and in English.

The police detective that first inspected the crime scene testified Tuesday to the court about his recollection of discovering broken glass at the apartment, along with blood, towels covered in blood, and a ripped women’s t-shirt. Prosecutors entered into evidence a ripped sleeveless undershirt that police had found in the garbage outside Monserrate’s apartment on the night of the alleged attack. Bloody towels were was also found at the crime scene in the bathroom, and bloody smudges were discovered on a light switch in the bedroom.

According to forensic biologist Ewilina Badja, the majority of the blood found at the scene originated from one woman. Prosecutors assert that this woman is Giraldo, who was treated for injuries surrounding her left eye that took approximately 40 stitches to remedy. Badja identified blood on a male green shirt found in the bathroom sink as that of Monserrate.

Joseph Tacopina, defense counsel for Monserrate, argued that the police detective’s testimony does not prove his client attacked Giraldo. NY1 reported that Tacopina stated: “There’s not a piece of evidence that supports there was a scuffle where someone tore someone’s clothing, so it is nothing more than rank speculation. It was not a blood drenched t-shirt. When it was torn who knows? I have in my closet right now torn T-shirts that I wear to bed every night.”

On cross-examination, Tacopina queried New York City Police Department crime scene analyst Detective David Hernandez regarding the blood discovered on the bedroom light switch. According to Hernandez, police did not evaluate the blood on the light switch; Hernandez also stated that the lights in the apartment were found turned on. Tacopina argued that this bolsters the story provided by defense – that his client stumbled in a dark room while attempted to bring water to his girlfriend, and placed his bloody hand on the light switch after accidentally breaking the drinking glass on Giraldo’s face.

Queens Supreme Court Justice William Erlbaum will judge the case without a jury, as Monserrate waived his right for a trial before his peers. The group National Organization for Women has requested that the judge rule Monserrate should be given “the maximum sentence allowable by law”. If convicted, Democrat Sen. Monserrate could serve seven years in prison and lose his New York State Senate seat.

Monserrate is a former city councilman. He became a member of the New York State Senate weeks after the alleged conflict with Giraldo, and was made chair of the committee overseeing consumer affairs. Along with Democrat Pedro Espada Jr., Monserrate started a shift in control of the Senate by aligning with the Republican Party.