Wednesday, February 29, 2012

Help A Family Meet All Its Obligations With Grace: Early Childhood ...

Every day, it seems, there is a new study explaining just how crucial those early years are in the life of a child, striking fear into the hearts of working parents everywhere, who must place their trust in the early childhood assistant at their local daycare to help bring out the best in their children.

Equally affecting are news stories sensationalizing the difficulties of raising a family on one income. Parents of young children are torn between savings priorities. What?s best? Pay down the mortgage, invest in a Registered Education Savings Plan or save for retirement? This is hard at the best of times, but even more so on just one income.

Graduates of early childhood college are the guardian angels of two-income families everywhere.

In today?s hard economic times, many parents of young children find themselves as economic migrants, leaving their home towns to make a living ?where the money is.? For many who find themselves without the traditional extended family support network for childcare and parenting advice, early childhood assistants become a valuable resource, providing reassurance, as well as care.

Interested in supporting an entire family by broadening a young child?s world while their parents earn money for their future? Consider early childhood college.

What will you learn at early childhood college?

- You will learn about child development, for instance, why it is that so many a young charge of an early childhood assistant loves to ask why.

  • You will learn how to guide children through daily activities, for example, through the use of such early childhood assistant techniques as clean-up songs, and other fun rituals such as leaving out a basin of soapy water so that children can wash their own dishes after meals. These kinds of rituals help early childhood assistants make the children feel more secure and independent as they smoothly transition from one activity to the next in a predictable, reassuring way that also builds confidence. No wonder some parents stay in touch with their children?s early childhood assistant for the rest of their lives!

  • Health and Safety. At early childhood college, you will learn, for instance, when to contact the public health authority about a suspected disease outbreak. You will also learn guidelines to follow on such unwanted visitors as lice.

  • You may have an opportunity for on-the-job training. Some early childhood assistants may want to train in specialized daycares that offer Montessori, Waldorf or other alternative kinds of early childhood assistant philosophies.

Guiding young children through their early years is an enormously rewarding responsibility ? and career. Look for an early childhood college in your area.

Tags: college, Registered Education Savings Plan, early childhood assistant, young children, extended family support network

Source: http://www.goforus.com/2012/02/help-a-family-meet-all-its-obligations-with-grace-early-childhood-college/?utm_source=rss&utm_medium=rss&utm_campaign=help-a-family-meet-all-its-obligations-with-grace-early-childhood-college

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Tuesday, February 28, 2012

Gulf oil spill trial delayed for settlement talks

FILE - In this Nov. 13, 2010, file photo, Nelda Winslette, grandmother of Deepwater Horizon oil rig floorhand Adam Weise, holds a painting of Weise in her home in Yorktown, Texas. Weise was one of 11 workers killed after the Deepwater Horizon exploded in the Gulf of Mexico in April 2010. Billions of dollars are on the line when a federal trial opens Monday, Feb. 27, 2012 over the reams of litigation spawned by the nation's worst offshore oil disaster, though those whose losses can't be repaid are hoping for something more elusive: justice for lost loved ones. (AP Photo/Patrick Semansky, File)

FILE - In this Nov. 13, 2010, file photo, Nelda Winslette, grandmother of Deepwater Horizon oil rig floorhand Adam Weise, holds a painting of Weise in her home in Yorktown, Texas. Weise was one of 11 workers killed after the Deepwater Horizon exploded in the Gulf of Mexico in April 2010. Billions of dollars are on the line when a federal trial opens Monday, Feb. 27, 2012 over the reams of litigation spawned by the nation's worst offshore oil disaster, though those whose losses can't be repaid are hoping for something more elusive: justice for lost loved ones. (AP Photo/Patrick Semansky, File)

FILE - In this April 21, 2010 photo provided by the U.S. Coast Guard, fire boat response crews spray water on the burning remnants of BP's Deepwater Horizon offshore oil rig. The gargantuan legal bill for the 2010 catastrophic oil spill in the Gulf of Mexico is coming due for BP as a federal trial opens Monday, Feb. 27, 2012 to determine the company?s liability for the blowout of its Macondo well. On the cusp of trial, phalanxes of lawyers, company officials and state officials spent the final hours in high-stakes settlement talks that law experts believed could still yield a deal right before the courtroom doors open Monday morning. (AP Photo/US Coast Guard, File)

(AP) ? A judge has delayed the federal trial over the worst U.S. offshore oil disaster by a week, saying Sunday that BP PLC was making some progress in settlement talks with a committee overseeing scores of lawsuits, according to people close to the case.

Two people close to the case told The Associated Press that the decision was made Sunday during a conference call between parties in the Gulf of Mexico oil spill case and U.S. District Judge Carl Barbier. They spoke on condition of anonymity because they were not authorized to discuss the call.

They said the judge told those on the call that BP and the Plaintiffs' Steering Committee were "making some progress" in their settlement talks. The steering committee is overseeing lawsuits filed by individuals and businesses following the explosion on the Deepwater Horizon rig on April 20, 2010, in the Gulf. The blast killed 11 workers and injured 17, and led to 206 million gallons (780 million liters) of oil spewing from the blown-out well, soiling miles (kilometers) of coastline.

However, the judge did not mention the status of settlement talks between other parties, nor did he mention any figures being discussed, according to the people close to the case.

The brief order issued by Barbier on Sunday said only that the delay was granted "for reasons of judicial efficiency and to allow the parties to make further progress in their settlement discussions."

Among other things, the trial that is now set to begin March 5 is meant to determine the penalties that need to be paid by BP and other companies involved in the oil spill. Billions of dollars are at stake.

BP and the Plaintiffs Steering Committee confirmed in a joint news release that the trial had been delayed. It said the oil giant and the PSC were working to reach an agreement that would "fairly compensate people and businesses affected by the Deepwater Horizon accident and oil spill."

"There can be no assurance that these discussions will lead to a settlement agreement," the joint statement said.

Separately, BP has had discussions in recent days with the federal government and cement contractor Halliburton Energy Services Inc., according to several people close to the case.

If no settlement is reached, Barbier will preside over a three-phase trial that could last the better part of a year. The first phase is designed to identify the causes of the deadly blowout and to assign percentages of fault to the companies involved in the ill-fated drilling project.

Financial analysts estimate BP could wind up paying anywhere from $15 billion to $30 billion over the lawsuits, and BP has estimated in regulatory filings that its total liability for the disaster is $40 billion.

An AP analysis found that the company could conceivably face up to $52 billion in environmental fines and compensation if the judge determines the company was grossly negligent.

The trial may not yield major revelations about the causes of the disaster, but the outcome could bring much-needed relief for tens of thousands of people and businesses whose livelihoods were disrupted by the spill.

Relatives of the 11 killed in the Deepwater Horizon blast say they are hoping for something more elusive: justice for lost loved ones.

Sheryl Revette, whose husband, Dewey, worked for rig owner Transocean Ltd. and was among the 11 killed when BP PLC's Macondo well blew out and triggered an explosion on the Deepwater Horizon drilling rig, doesn't have anything to gain financially from the trial. She wants an apology from the oil giant, something she said she hasn't received yet, even though she settled her claims against BP last year.

"I've never heard a word from them," said Revette, 48, of State Line, Mississippi. "But an apology isn't going to bring my husband back."

From the beginning of the disaster, many relatives of workers who died on the rig have felt that their tragic losses were unjustly overshadowed by corporate finger-pointing, legal wrangling, and concerns about the spill's environmental and economic impact along the Gulf Coast.

"Nobody cares about the 11 men who died," said Arleen Weise, 58, of Yorktown, Texas, whose 24-year-old son, Adam Weise, was killed in the blast. "Did everybody have to forget about those men?"

A BP spokesman said the company has expressed its sympathies to the victims' families from the outset. In a press release less than a week after the explosion, former BP CEO Tony Hayward said: "We owe a lot to everyone who works on offshore facilities around the world and no words can express the sorrow and pain when such a tragic incident happens."

Chris Jones, whose brother, Gordon, was also killed on the rig, had planned to drive in from Baton Rouge with other relatives to attend the start of the trial. He said he has mixed feelings about the prospect of a settlement that would eliminate the need for a trial. Jones said he would be disappointed if BP manages to "write a check to solve their problems."

"I was ready to go to trial and see their feet held close to the fire," he said Sunday after learning of the postponement. "It seems like the easy way out to pay whatever the plaintiffs are willing to take."

Jones, an attorney, said he's not surprised that the oil giant would seek to avoid a long, costly trial.

"I know that is part of the game, so to speak," he said. "As long as they're paying a lot of money for the damage they caused, it would give me some relief."

The decisions and actions that led to the explosion and spill already have been painstakingly investigated by the Coast Guard, federal regulators and a presidential commission. Their probes concluded that BP, Transocean and Halliburton deserve to share the blame for a string of risky decisions that were designed to save time and money.

Transocean spokesman Lou Colasuonno wouldn't comment on whether the company, which owned the Deepwater Horizon rig, was participating in settlement talks.

"This deal does not change the facts of the case and Transocean is fully prepared to go to trial," he said of BP's settlement talks with the plaintiffs.

The massive scope of the case ? a maze of claims and counterclaims between the companies, federal and state governments and plaintiffs' attorneys ? has elicited comparisons to the tobacco litigation of the 1990s.

Roughly 340 plaintiffs' lawyers have worked on the case. BP has spent millions of dollars on experts and law firms. More than 300 depositions have been taken. Millions of pages of legal briefs have been filed. One Justice Department lawyer said it would take him 210 years to read all the pages submitted into the record if he read 1,000 pages a day.

Barbier, a former president of the Louisiana Trial Lawyers Association and appointee of President Bill Clinton, has a reputation for speedy but fair trials. He will hear and decide the case without a jury. Each trial phase is expected to last two to three months, with breaks in between. Even if all parties settle their claims before or during the trial, it could take several months for claims to be paid.

___

Weber reported from Atlanta. Associated Press writer Cain Burdeau in New Orleans contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-02-26-Gulf%20Oil%20Spill-Litigation/id-a1d3cb793f5a43a481ed8d2fbf25391a

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Sunday, February 26, 2012

Safety Practices to Keep you Injury-free When Exercising | New ...

New Health And Fitness.Org - Health Information You Can Use

You may be able to get away with ignoring safety tips when working out for a long time, but sooner or later you will probably regret it. Avoiding all pain during calisthenics isn?t possible, yet you could highly lessen the odds by basically using caution a bit more. Advice that will be given here will aid you in staying out of harms way as you exercise, but it is most imperative that you pay attention to what your body is needing constantly.

It is imperative that you are able to distinguish the difference between injurious pain and exertion. A while after you have had a vigorous workout, you can figure that you will most likely have some slight aches and pains, but with a sense of satisfaction. Once you go through a muscle pull you will know all about agonizing pain. You need to be aware of the degree of strain you are taking your body to when you work out and not go too far. When you are overdoing your workout, your body will give you warning indicators like problems breathing, lightheadedness or pain; when you experience any such signs you need to stop immediately to keep from injuring yourself. You need to seek the care of a doctor if these issues refuse to go away and you should also put a hold on your workouts for the time being.

Eating correctly and maybe taking vitamins could aid you not harming yourself as you exercise. Still, individuals don?t want to become gluttonous, in particular if they don?t want to gain weight. However, you have to make sure your body is getting all of the essential nutrients it needs, such as protein, vitamins and minerals. There are also supplements you can take to help keep your bones stronger that are good to do along with your workouts. Your skeleton is aided by chondroiton, calcium, Vitamin D and MSM. The fat found in fish oil and other such fats, are healthy for your heart as well as your bone health.

Besides continuously stretching completely, be certain that you implement the correct form in all of the workouts you perform. With any exercise that affects the knee area, maintain them in a barely bent form never unyielding. Less forceful exercises such as elliptical or cross-country devices should be stuck to if you tend to hurt your knee instead of running on the track or treadmills.

For example, cruising outside on a bicycle but not wearing a safety hat may be very perilous even if you are on a city avenue or a trail on the mountain. Be sure to wear your clothing in layers if you are working out in the colder weather outdoors. Working out can be a safe and satisfying activity if you keep the above suggestions in mind. These tips should work well for you, just remember to rest often, do not jump right into your exercise routine without warming up first and last but not least, use the exercise gear accordingly. If you can use some our thoughts when you are attempting a fitness scheme, the odds are greater that you will be successful with your end result and will be much happier.

Ron Stucky is a well-known author, He used to write the articles and blogs on different topics like health, nutrition, supplements,diet, exercise etc . Checkout his article on My Lead System Pro review and Ambit Energy Review

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Source: http://newhealthandfitness.org/2012/02/26/safety-practices-to-keep-you-injury-free-when-exercising/

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Saturday, February 25, 2012

Business Networking Site Biznik Pivots | Experts Bto

SEATTLE?(BUSINESS WIRE)?

After six years of offering free membership, Biznik.com
has determined that the proliferation of spam, phony accounts created by
SEO organizations stuffed with keywords, and abandoned profiles was
undermining engagement for those who are serious about using Biznik to
network with other business peers.

Biznik cofounder and CEO Lara
Feltin found herself asking herself, ?Does freemium
work??

?When I visit Biznik, I want to know that everyone on the site is a
business professional, serious about engaging and collaborating with
other business professionals. Biznik isn?t about broadcasting status
updates to potential customers. On Biznik that?s just ?noise,?? said Feltin.

Since Biznik was launched in May 2005, the site has been virtually
ad-free to ensure focus on the member-businesses. Membership was also
free with a paid premium option. Last week members still enjoy a site
free from advertising and affiliates, but membership is no longer free.

For independent businesses, traditional social sites designed to convert
a fraction of their audience into customers do not work. Biznik provides
a forum for entrepreneurs to connect and engage with peers
for a mutually beneficial business relationship.

Members constantly say how they know they get nothing from Twitter and
LinkedIn, nor should they ? Twitter is a broadcast tool, LinkedIn hosts
a professional graph. Biznik is home for your business graph.

?We have a core customer base successfully connecting and collaborating
on Biznik. We intend to make Biznik more valuable for that core ? with
enhanced functionality and new tools to help leverage their relationship
capitol and grow their business,? said Andrew
Lippert, Biznik?s Chief Technology Officer.

In a recent comment on the Biznik
blog, popular author Carolyn Higgins said, ?I can?t tell you how
great joining Biznik has been for my business ? and all the exposure I
get from my articles has been amazing. I got 10 new sign-ups for my
newsletter today alone ? and requests for a consultation. Can?t beat
that!?

Lara Feltin, CEO, wrote a seminal essay on the freemium business model: http://biznik.com/articles/how-to-do-a-freemium-business-model

View infographic: http://biznik.com/about/flight_manual_infographic

Article source: http://finance.yahoo.com/news/business-networking-biznik-pivots-enhancing-140000324.html

Related posts:

Source: http://www.experts-bto.com/2012/02/25/business-networking-site-biznik-pivots/

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Wednesday, February 22, 2012

What Is Fsbo Real Estate | Stock Market Trader Review - Financial ...

When you buy FSBO real estate or houses for sale by owner, then it has its own particular problems and opportunities. Dealing with an uninformed seller who thought he knew enough to handle everything by himself can be frustrating, but it can also be very profitable if you are prepared. First you need to understand the FSBO seller.

There is one primary reason why people try to sell a house on their own. To save the sales commission. The bad news is that usually, they underestimate the cost and complexity of going it alone. Most of the time, they will get frustrated and tired of the process, and be ready to drop the price and be done with it. Your reward can be a good price on a good investment if you help them solve their problems. What you need to do now is keep these things in mind.

A seller isn?t an agent. What you need to do is be more careful in what you say and ask. Avoid negative comments about the house. Like it or not, the truth is that it?s difficult to get a good deal if the seller doesn?t like you.

Perhaps the sellers think that you are being smart. As long as you encourage that belief, then they will be more open to your offer. If you think that they have a good idea, then let them know. Making people feel good about themselves when negotiating is not really considered as unethical.

Often been on the market for a long time is FSBO real estate. Sellers would want the process to be done since they are usually tired of it. This means you?ll get a better price if you are willing to close quickly and easily.

Sellers don?t have a plan most of the time. They are not familiar where to close, where to buy a title policy, where to keep a good faith deposit, etc. Having simple solutions ready for all of these problems is a must. If you walk the seller through the process while letting him feel in control, you?ll both be happier.

Skip over problems and return later. When the seller has invested more time with you in a negotiation, he will then be more inclined to give you what you want.

Often, sellers have spent more than anticipated. For classified advertising and other costs, they have already eaten into their imagined extra FSBO profit. As long as you are able to get your price and terms, then you may want to be generous in negotiating the many closing costs.

Real estate professionals will tell you that most houses ?for sale by owner? net the seller less than those sold by an agent. By the time a seller realizes this, it?s often too late to recover his money and time spent. At this point, what usually happens is that he just wants to get the thing sold as easily and quickly as possible. Helping the sellers with that would mean that you can get a good deal on FSBO real estate.

Read the guide to treating heel spurs and stop the pain.

Both comments and pings are currently closed.

Source: http://thetradereview.com/2012/02/20/what-is-fsbo-real-estate/

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Source: http://natocusofe.posterous.com/what-is-fsbo-real-estate-stock-market-trader

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Tuesday, February 21, 2012

How to Deliver SMS Text Messages On the internet Without cost ...

Cellphones, without doubt, might be labeled as the best invention of contemporary days. They make our daily life simpler with their innumerable advantages, one of which can be the extremely efficient SMS or Shorter Messaging Assistance. SMS is definitely the typical expression for the engineering which supplies men and women while using capability to send and acquire text messages by way of cell phones.

With new technological developments, totally free intercontinental international sms messages can now be sent on the worldwide stage anywhere within the globe via many on-line assistance providers. Along with the greatest part is you dont even have to have a cell phone in case you have a computer. You simply sign-up while using sought after information on any with the web sites that offer totally free SMS assistance and just follow the straightforward instructions. There may be a room for the mobile phone range of the recipient, along with room for the communication. It is dependent over the totally free sms provider, but usually, the utmost range of phrases allowed is generally fixed at 137 characters. However, some India sms providers make it possible for much more than this. SMS messages can include things like phrases, figures or any alphanumeric blend. Also, binary format is usually supported.

Some refrigerator repair Brooklyn assistance providers offer many more providers to senders, such as delivery confirmations or replies. This fashion, you can have the ability to track your sent messages and see when it will get received. Also, should you choose for replies, the recipients can even reply back again to you. This two-way sms communication without paying a dime is feasible only through a totally free SMS assistance provider on the net.

Taking into consideration the actual fact that you usually must pay to send SMS, sending totally free, intercontinental SMS via on-line sms assistance providers is a wonderful, fast technique to communicate with family and friends. For instance, While in the United kingdom, messages value 0.10, and with men and women sending tens of messages each and every single day, charges can mount up.

Also, crafting a text communication utilizing your mobile phone just will take also long in contrast to utilizing your keyboard. Even over the most contemporary cell phones with advanced predictive text messaging, it might be very hard and time-consuming to compose a communication. Just imagine how fast it truly is to variety a communication in your computer keyboard, it truly is a lot faster to have same day payday loans utilizing your cell phone.

Becoming totally free, some messaging providers are dependable, some will not do the job in any respect, and many others are extremely sluggish. Also, many providers will add and advert to your bottom of the communication, even though this is not going to trigger a lot difficulty, for, it does lessen the range of allowed characters.

Be very cautious when registering to get a totally free SMS assistance. Not all are as totally free because they claim for being, some send chargeable sms messages for your phone, creating the assistance rather high-priced.

written and submitted by Paula Myers

Source: http://ocioa.org/how-to-deliver-sms-text-messages-on-the-internet-without-cost

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Monday, February 20, 2012

New Jersey Personal Injury Lawyers

This article has been viewed 16 times.

Personal injury law is a specialized branch of law. It is often referred as ?tort law.? Personal Injury refers to any physical, mental or emotional injury caused to an individual. Personal injury can occur due to number of reasons such as slip and fall, auto accidents, exposure to hazardous products, use of defective products, libel, slander, medical malpractice and animal bites.

Personal injury law may vary according to the state where the injury occurred. Generally, all the states have standard procedures for filing the lawsuits. For personal injuries that have temporary effects, it is possible to receive compensation immediately. However, some personal injuries may have dire consequences.

They may permanently disable a person, which may leave him jobless for life. To receive maximum compensation for the losses, it is advisable to hire a lawyer who has all the necessary expertise to deal with personal injury cases. If a personal injury has occurred in Kentucky, it is recommended to assign the case to a lawyer who is aware of the prevailing personal injury laws there.

But before a victim can collect this, they should be able to prove that the defendant is liable and that there is indeed negligence on their part.

The personal injury lawyers help their client get the maximum possible compensation. Some of the personal injury lawyers work on a contingency basis, charging compensation only if their client wins the case.

For receiving claims for losses resulting from medical malpractice, lawyers have to consult medical experts. They investigate and study the medical records of the victims to verify if the damage was actually caused due to negligence of the hospital staff or medical professionals.

Experienced and proficient legal counsel is very important in any personal injury case. New Jersey has a number of such proficient lawyers who help fight personal injury cases. Most people seek references from family and friends, rather than go through the listings available, to select a personal injury lawyer.

Claims for Injury Law Firm

Source: http://articlefolders.com/legal/new-jersey-personal-injury-lawyers/

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Greece likely to get bailout but issues remain

Greeces' Finance Minister Evangelos Venizelos arrives for a cabinet meeting at the Greek Parliament in Athens on Saturday, Feb. 18 2012. (AP Photo/Kostas Tsironis)

Greeces' Finance Minister Evangelos Venizelos arrives for a cabinet meeting at the Greek Parliament in Athens on Saturday, Feb. 18 2012. (AP Photo/Kostas Tsironis)

(AP) ? Eurozone governments will likely approve on Monday a long-elusive rescue package for Greece, saving it from a potentially calamitous bankruptcy next month, senior officials said.

But finance ministers meeting in Brussels will have a few last issues to wrangle over, such as tighter controls over Greece's spending and further cuts to the country's debt load.

Greece needs to secure the euro130 billion ($170 billion) bailout quickly so it can move ahead with a related euro100 billion ($130 billion) debt relief deal with private investors, which needs to be in place quickly if Athens is to avoid defaulting on a bond repayment on March 20.

An uncontrolled bankruptcy would likely force Greece to leave the 17-country currency union and return to its old currency, the drachma, further shaking its already beaten economy and creating uncertainty across Europe.

French Finance Ministers Francois Baroin told Europe-1 radio that while details will have to be worked out, "the political commitments have been made" for the bailout package, Greece's second in two years.

"We now have all the elements of a deal ? elements of a participation that remains voluntary for banks and private lenders, and for public lenders states, central banks," Baroin said.

He is traveling to Brussels to meet his counterparts from the 16 other euro countries, as well as representatives for the International Monetary Fund, the European Central Bank and private holders of Greek debt.

Greece's Finance Minister Evangelos Venizelos, who arrived in Brussels Sunday night, said he was also optimistic that the new aid program could be agreed.

"Greece comes into today's Eurogroup meeting having fulfilled all the requirements for the approval of the new program," he said. "For Greeks, this is a matter of national dignity and a national strategic choice and no other integrated and responsible choice can be opposed to it."

The Greek parliament has faced down violent protests in Athens and nationwide strikes to approve the austerity and reform measures demanded by the eurozone. Its main political leaders have committed in writing to uphold the bailout terms even after general elections in April.

Despite Athens' efforts, however, several important elements of the deal remained unsolved.

To convince the rest of the eurozone that the new aid money won't be squandered, Greece will have to set up a separately managed account that would ensure that it services its debt. The idea behind such an escrow account is that it would maintain pressure on Greece to stick to promised austerity and reform measures, without the eurozone risking the destabilizing effects of a default.

The escrow account would give legal priority to debt and interest payments over paying for government services.

Eurozone finance ministry officials Sunday night concluded that only funds from the bailout would be funneled through the account and that Greece won't be required to pay in taxpayer money, German Finance Ministry spokeswoman Marianne Kothe said in Berlin, citing the current state of the negotiations.

The escrow account nevertheless would be an unprecedented intrusion into a sovereign state's fiscal affairs and could ultimately see Greece force to pay interest on its debt rather than its teachers, doctors or other government employees.

A Greek official indicated Monday that "many problematic and unenforceable" elements were taken off the table, but declined to elaborate. The official was also speaking on condition of anonymity because the talks were ongoing.

The second big outstanding issue is how to make sure that the current efforts to save Greece can actually bring the country's debts down to a manageable level in the longer term. In October, eurozone leaders and the IMF said that Greece's debt should be reduced to around 120 percent of annual economic output by 2020, from above 160 percent currently.

But a new report prepared by the European Commission, the ECB and the IMF concluded that the new bailout, Athens' spending cuts and a planned euro100 billion debt relief from private investors would still leave Greece's debt at almost 129 percent of economic output by the end of the decade.

The eurozone is still discussing several ways to close this financing gap.

The Greek official said there appeared to be agreement on further reducing the interest rate on Greece's first, euro110 billion bailout as well as having national central banks in the eurozone, which also hold some Greek bonds, participate in the debt relief.

But the official said that there was still no final decision from the ECB on whether it would be willing to transfer profits from its Greek bond holdings back to Athens. In contrast to the national central banks, who purchased Greek bonds as part of their overall investment strategies, the ECB bought its Greek holdings in an effort to ease market pressure on Athens.

A forth option for closing the gap would be to demand further losses from Greece's private bondholders like banks and other investment funds. A current plan foresees private creditors to swap their old Greek bonds for new ones with half the face value, lower interest rates and much longer repayment periods.

But now there is a push for bondholders to also give up on an accrued interest payment of around euro5.5 billion on their old bonds.

Another issue due to be discussed Monday is how much the IMF will contribute to the new rescue. The Washington-based fund has provided one-third of the bailouts for Ireland and Portugal and chipped in euro30 billion for Greece's first euro110 billion ($145 billion) rescue. But this time around, it looks as if the IMF will put up much less than one-third.

"The indication is that the figure will be rather low," said the EU official, adding however that a final decision from the fund's board is still outstanding. IMF Managing Director Christine Lagarde will also be at the Brussels meeting Monday.

The U.S. has expressed support for the IMF to take part in an aid program for Greece.

"This is a very strong and very difficult package of reforms, deserving of support of the international community and the IMF," U.S. treasury chief Timothy Geithner said in a statement Sunday. "The United States will encourage the IMF to support this agreement."

The Greek government is expected to introduce in Parliament on Monday another two pieces of emergency legislation, including wage and pension cuts. There were scattered protests over the cuts in Athens on Sunday.

___

Keaten reported from Paris. Juergen Baetz in Berlin and Elena Becatoros in Athens, Greece, contributed to this story.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-02-20-EU-Europe-Financial-Crisis/id-afc240e9eeb343e3b4049de8d926d40d

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Sunday, February 19, 2012

Seoul begins military drills despite NKorea threat (AP)

[unable to retrieve full-text content]

The art group members at the Mangyongdae Schoolchildren's Palace put up a performance to mark the birth anniversary of North Korea's late leader Kim Jong-Il in Pyongyang February 17, 2012 in this picture released by the North's KCNA on Friday. February 16, 2012 was the 70th birthday of the late leader Kim Jong-Il.          REUTERS/KCNA (NORTH KOREA - Tags: ANNIVERSARY SOCIETY) THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. IT IS DISTRIBUTED, EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS. NO THIRD PARTY SALES. NOT FOR USE BY REUTERS THIRD PARTY DISTRIBUTORSAP - South Korea on Monday began live-fire military drills from front-line islands near its disputed sea border with North Korea, despite Pyongyang's threat to attack.


Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20120220/ap_on_re_as/as_koreas_tension

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