Obama Signs Order to Begin Sequester Cuts

President Obama and congressional leaders today failed to reach a breakthrough to avert a sweeping package of automatic spending cuts, setting into motion $85 billion of across-the-board belt-tightening that neither had wanted to see.

President Obama officially initiated the cuts with an order to agencies Friday evening.

He had met for just over an hour at the White House Friday morning with Republican leaders House Speaker John Boehner and Senate Minority Leader Mitch McConnell and his Democratic allies, House Minority Leader Nancy Pelosi, Senate Majority Leader Harry Reid and Vice President Joe Biden.

But the parties emerged from their first face-to-face meeting of the year resigned to see the cuts take hold at midnight.

"This is not a win for anybody," Obama lamented in a statement to reporters after the meeting. "This is a loss for the American people."

READ MORE: 6 Questions (and Answers) About the Sequester

Officials have said the spending reductions immediately take effect Saturday but that the pain from reduced government services and furloughs of tens of thousands of federal employees would be felt gradually in the weeks ahead.

Sequestration Deadline: Obama Meets With Leaders Watch Video

Sequester Countdown: The Reality of Budget Cuts Watch Video

Federal agencies, including Homeland Security, the Pentagon, Internal Revenue Service and the Department of Education, have all prepared to notify employees that they will have to take one unpaid day off per week through the end of the year.

The staffing trims could slow many government services, including airport screenings, air traffic control, and law enforcement investigations and prosecutions. Spending on education programs and health services for low-income families will also get clipped.

"It is absolutely true that this is not going to precipitate the crisis" that would have been caused by the so-called fiscal cliff, Obama said. "But people are going to be hurt. The economy will not grow as quickly as it would have. Unemployment will not go down as quickly as it would have. And there are lives behind that. And it's real."

The sticking point in the debate over the automatic cuts -- known as sequester -- has remained the same between the parties for more than a year since the cuts were first proposed: whether to include more new tax revenue in a broad deficit reduction plan.

The White House insists there must be higher tax revenue, through elimination of tax loopholes and deductions that benefit wealthier Americans and corporations. Republicans seek an approach of spending cuts only, with an emphasis on entitlement programs. It's a deep divide that both sides have proven unable to bridge.

"This discussion about revenue, in my view, is over," Boehner told reporters after the meeting. "It's about taking on the spending problem here in Washington."

Boehner: No New Taxes to Avert Sequester

Boehner says any elimination of tax loopholes or deductions should be part of a broader tax code overhaul aimed at lowering rates overall, not to offset spending cuts in the sequester.

Obama countered today that he's willing to "take on the problem where it exists, on entitlements, and do some things that my own party doesn't like."

But he says Republicans must be willing to eliminate some tax loopholes as part of a deal.

"They refuse to budge on closing a single wasteful loophole to help reduce the deficit," Obama said. "We can and must replace these cuts with a more balanced approach that asks something from everybody."

Can anything more be done by either side to reach a middle ground?

The president today claimed he's done all he can. "I am not a dictator, I'm the president," Obama said.

Read More..

"Don't Stop Believin'" tops 2012 most-watched dramas list

SINGAPORE: Singapore broadcaster MediaCorp on Friday unveiled the list of most-watched television programmes over its main free-to-air channels.

School drama "Don't Stop Believin'", which features stars like Felicia Chin, Romeo Tan, Elvin Ng and Ian Fang, topped the list of popular Mandarin dramas on Channel 8, with an average viewership of 918,000.

Heartland drama "It Takes Two" trailed close behind, drawing 912,000 viewers each night, with the blockbuster period drama "Joys of Life" rounding out the top three, bringing in 875,000 viewers each episode.

Despite strong competition from imported dramas, locally-produced "Show Hand" emerged tops on Channel U, with 361,000 viewers tuning in for the moving drama series each night.

"Show Hand" beat out Korean drama "He's Beautiful" and Taiwan drama "Material Queen" which both drew 342,000 viewers each episode, and took the second as well as third spot respectively.

Light-hearted Singapore school drama "Jump!" managed to take the fourth spot, with an average viewership of 337,000.

"Crimewatch 2012" was tops on Channel 5, heading the list of most popular English drama and variety series with an average viewership of 382,000 , followed by "Sasuke Singapore", "Point of Entry 2" and its sequel "Point of Entry 3".

Other notable shows include "Food Source", which was named the most popular Mandarin variety show, attracting some 831,000 viewers per episode, as well as "Star Awards 2012 - Show 2", which drew over 1.5 million viewers.

This makes "Star Awards 2012 – Show 2" the most-watched television programme of last year, beating even the televised broadcast of the National Day Parade 2012.

In addition to the viewership figures of its most popular shows, MediaCorp also revealed in the same report that the average viewership of Channel 8, Channel U and Channel 5 has increased in 2012, as had the number of people who watched its programmes online, via xinmsn.com's Catch-up TV service.

-CNA/ha

Read More..

Hyderabad blasts: NIA interrogates Indian Mujahideen operatives

HYDERABAD: Two suspected Indian Mujahideen operatives are being questioned by the NIA today in connection with the February 21 twin blasts here that left 16 people dead.

A court in Delhi had yesterday granted the NIA five-day custody of Syed Maqbool and Imran Khan for their interrogation following which the two were brought here by the agency.

The agency had told the court that it would take both of them to Hyderabad and question them for more clues about the blasts, as the ongoing probe points that Indian Mujahideen (IM) module was behind it.

The National Investigation Agency (NIA) had alleged that Maqbool and Khan had in July last year recced Hyderabad's Dilsukhnagar area where the blasts occurred claiming 16 lives and leaving 119 injured.

Maqbool and Khan are presently lodged in Tihar Jail following their arrest by Delhi Police in connection with the August 2012 Pune blast case.

"The duo are in NIA custody and are being questioned here," sources said without elaborating much.

According to the NIA, the blasts took place on the alleged instructions of IM's Pakistan-based founder Riyaz Bhatkal and the duo's interrogation will help in unearthing the exact plan envisaged by him.

The blasts in Hyderabad were triggered by powerful IEDs planted near Konark and Venkatadiri theatres in Dilsukhnagar.

Read More..

Sequestration: Surrender is in the Air

The budget ax is about to fall, and there's little lawmakers in Washington are doing to stop it.

Despite a parade of dire warnings from the White House, an $85 billion package of deep automatic spending cuts appears poised to take effect at the stroke of midnight on Friday.

The cuts – known in Washington-speak as the sequester – will hit every federal budget, from defense to education, and even the president's own staff.

On Capitol Hill, Senate Democrats and Republicans each staged votes Thursday aimed at substituting the indiscriminate across-the-board cuts with more sensible ones. Democrats also called for including new tax revenue in the mix. Both measures failed.

Lleaders on both sides publicly conceded that the effort was largely for show, with little chance the opposing chamber would embrace the other's plan. They will discuss their differences with President Obama at the White House on Friday.

"It isn't a plan at all, it's a gimmick," Senate Minority Leader Mitch McConnell, R-Ky., said today of the Democrats' legislation.

"Republicans call the plan flexibility" in how the cuts are made, said Senate Majority Leader Harry Reid. "Let's call it what it is. It is a punt."

The budget crisis is the product of a longstanding failure of Congress and the White House to compromise on plans for deficit reduction. The sequester itself, enacted in late 2011, was intended to be so unpalatable as to help force a deal.

Eric Holder Says Sequester Makes America Less Safe Watch Video

Eric Holder Sounds Sequester Alarm: Exclusive Watch Video

Sequestration: Democrats, Republicans Play Blame Game Watch Video

Republicans and Democrats, however, remain gridlocked over the issue of taxes.

Obama has mandated that any steps to offset the automatic cuts must include new tax revenue through the elimination of loopholes and deductions. House Speaker John Boehner and the GOP insist the approach should be spending cuts-only, modifying the package to make it more reasonable.

"Do we want to close loopholes? We sure do. But if we are going to do tax reform, it should focus on creating jobs, not funding more government," House Speaker John Boehner said, explaining his opposition to Obama's plan.

Boehner, McConnell, Reid and House Minority Leader Nancy Pelosi will huddle with Obama at the White House on Friday for the first face-to-face meeting of the group this year.

"There are no preconditions to a meeting like this," White House spokesman Jay Carney said today. "The immediate purpose of the meeting is to discuss the imminent sequester deadline and to avert it."

Even if the leaders reach a deal, there's almost no chance a compromise could be enacted before the deadline. Lawmakers are expected to recess later today for a long weekend in their districts.

What will be the short-term impact of the automatic cuts?

Officials say it will be a gradual, "rolling impact" with limited visible impact across the country in the first few weeks that the cuts are allowed to stand.

Over the long term, however, the Congressional Budget Office and independent economic analysts have warned sequester could lead to economic contraction and possibly a recession.

"This is going to be a big hit on the economy," Obama said Wednesday night.

"It means that you have fewer customers with money in their pockets ready to buy your goods and services. It means that the global economy will be weaker," he said. "And the worst part of it is, it's entirely unnecessary."

Both sides say that if the cuts take effect, the next best chance for a resolution could come next month when the parties need to enact a new federal budget. Government funding runs out on March 27, raising the specter of a federal shutdown if they still can't reach a deal.

"As we anticipate an across-the-board budget cuts across our land, we still expect to see your goodness prevail, O God, " Senate Chaplain Barry Black prayed on the Senate floor this morning, "and save us from ourselves."

Read More..

Western governments to discuss military assistance to Syrian rebels: source

ROME (Reuters) - Western and Arab officials will meet representatives of the Syrian opposition in Istanbul next Monday to discuss military and humanitarian support for rebels fighting President Bashar al-Assad, a European diplomatic source said on Thursday.

"The meeting aims to work directly with opposition structures to increase the level of support," the source said, adding that both civilian and military representatives of the Syrian opposition would attend.

The source spoke on the margins of a meeting in Rome between the Syrian National Coalition - the main civilian opposition group - and Western and Arab nations.

In a policy shift, the United States has decided to provide medical supplies and food to Syrian fighters, but will still oppose giving the rebels weapons, a source familiar with the matter said overnight.

(Reporting by Khaled Oweis, Editing By Barry Moody)

Read More..

Retired Taiwan general charged with spying for China: media

TAIPEI: A retired Taiwanese lieutenant general has been charged with spying for China in the latest of a string of espionage cases to shock the island, according to media reports on Thursday.

Chen Chu-fan, a former vice chief at the Military Police Command allegedly collected intelligence on Taiwan's military and political situation and handed his findings to Beijing, according to the country's FTV news channel.

Chen is also alleged to have recruited a retired military intelligence officer to help him gather information for China, the channel said, citing indictment papers.

Prosecutors were not immediately available for comment, while a defence ministry spokesman confirmed that no active serviceman was implicated in the case.

Taiwan has been hit by a string of spying scandals in recent years, reflecting the fact that intelligence gathering has continued despite warming ties with China.

Earlier this month, a former Taiwanese air force lieutenant colonel received 12 life sentences for spying for China for a reported payment of NT$7.8 million (US$269,000).

In 2011, an army general and chief of an intelligence unit was sentenced to life in prison for spying for China in one of the island's worst espionage scandals.

- AFP/xq

Read More..

Union Budget 2013: No IT exemption for cash donations to political parties by cos

NEW DELHI: The government on Thursday proposed to take away the income tax benefit on donations made in cash by corporates to political parties from April 2014 onwards.

Under the existing provisions of section 80GGB of the Income Tax, contribution by an Indian company to any political party or an electoral trust in the previous year, is allowed as deduction in computing the total income of the firm.

Currently, a similar deduction is also available to individuals under section 80GGC. There is no specific mode provided for making such contributions in the Act.

"With a view to discourage cash payments by the contributors, it is proposed to amend the provisions... so as to provide that no deduction shall be allowed under section 80GGB and 80GGC in respect of any sum contributed by way of cash," the Budget document presented in Parliament said.

The amendment, government said, will come into effect from April 1, 2014 and will, accordingly, apply in relation to the assessment year 2014-15 and subsequent assessment years.

Budget 2013

Union Budget 2013

Politics of Budget

Economic Survey

Read More..

Benedict XVI Begins Final Day as Pope

Pope Benedict XVI, the first pontiff to resign in 600 years, will step down today to lead a secluded life of prayer, far from the grueling demands of the papacy and the scandals that have recently plagued the church.

Benedict, 85, will spend a quiet final day as pope bidding farewell to his colleagues that have gathered in Vatican City to see him depart. His first order of business this morning is a meeting with the College of Cardinals in the Clementine Hall, a room in the Apostolic Palace, where Angelo Sodano, the dean of the College of Cardinals, is set to speak, but not Benedict.

Pope Benedict XVI Delivers Farewell Address

Despite the historical nature of Benedict's resignation, not all cardinals are expected to attend the event. With their first working meeting not until Monday, only around 100 cardinals are set to be in Vatican City Thursday, the Vatican press office said. Those who are there for Benedict's departure will be greeted by seniority.

In the evening, at 5:00 p.m. local time, Benedict will leave the Vatican palace for the last time to head to Castel Gandolfo, the papal summer residence outside of Rome. Before his departure the German-born theologian will say some goodbyes in the Courtyard of San Damaso, inside the Vatican, first to his Secretary of State Cardinal Tarcisio Bertone and then to the Swiss Guards who have protected him as pontiff.

9 Men Who Could Replace Pope Benedict XVI

Pope's Successor Needs to be 'Attuned to Modern Communication' Watch Video

From there it is a short drive to a heliport for the 15-minute flight via helicopter to Castel Gandolfo, just south of the city. Benedict will not be alone on his journey, accompanied by members of the Pontifical Household such as two private secretaries, the head of protocol, his personal physician and his butler.

Once Benedict lands in the gardens at Castel Gandolfo, a group of dignitaries, such as the governor of the Vatican City state Giovanni Bertello, two bishops, the director of the pontifical villas, and the mayor and parish priest. Off the helicopter and into a car, Benedict will head to the palace that he will call home for the coming months. From a window of the palace, Benedict will make one final wave to the crowd at the papal retreat.

It is there, at 8:00 p.m., that Benedict's resignation will take effect once and for all. Once the gates to the residence close, the Swiss Guards will leave Benedict's side for the last time, their time protecting the pontiff completed.

Pope Benedict's Last Sunday Prayer Service

For some American Catholics in Rome for the historic occasion, Benedict's departure is bittersweet. Christopher Kerzich, a Chicago resident studying at the Pontifical North American College of Rome, said Wednesday he is sad to see Benedict leave, but excited to see what comes next.

"Many Catholics have come to love this pontiff, this very humble man," Kerzich said. "He is a man who's really fought this and prayed this through and has peace in his heart. I take comfort in that and I think a lot of Catholics should take comfort in that."

In his final address to the faithful as leader of the Roman Catholic Church, Benedict on Wednesday said his decision to resign was "the fruit of a serene trust in God's will and a deep love of Christ's Church." Before a crowd of hundreds of thousands of people in St. Peter's Square, Benedict said he was "deeply grateful for the understanding, support, and prayers of so many of you, not only here in Rome, but also throughout the world."

The date of the conclave to determine Benedict's successor has yet to be determined. In one of his last moves as pope, Benedict issued a decree permitting the cardinals to convene the conclave before the March 15 date that would have been required under the old rules.

Benedict is eventually planning to move to a monastery inside Vatican City once work there is finished, but until then he will call home the palace at Castel Gandolfo. He will be known as "pope emeritus" and don brown shoes given to him on his trip to Mexico, rather than the red ones he wore as pontiff.

Read More..

World powers and Iran set new talks in nuclear dispute

ALMATY (Reuters) - Six world powers ended two days of talks with Iran on its nuclear program without a breakthrough on Wednesday, but agreed to meet in Istanbul next month and resume negotiations in Kazakhstan on April 5.

The six powers - France, Germany, the United States, China Russia and Britain - offered at the talks to lift some sanctions if Iran scaled back nuclear activity that the West fears could be used to build a bomb.

Tehran, which denies seeking nuclear weapons, did not agree to do so and the sides did not appear any closer to an agreement to resolve a decade-old dispute that could lead to another war in the Middle East if diplomacy fails.

But Iran said the talks were a positive step in which the six powers tried to "get closer to our viewpoint", and Western diplomats had set their sights low, making clear that an agreement to meet again soon would be deemed a success.

In particular, they are aware that the closeness of Iran's presidential election in June is raising political tensions in Tehran and makes significant concessions unlikely.

"I hope the Iranian side is looking positively on the proposal we put forward," said European Union foreign policy chief Catherine Ashton, who led the talks on behalf of the six powers. "We have to see what happens next."

Israel, assumed to be the only country in the Middle East with nuclear weapons, has hinted strongly that it could attack Iran's nuclear sites if diplomacy and sanctions do not stop its enrichment of uranium to near weapons-grade.

MORE MEETINGS SCHEDULED

One diplomat in Almaty said the Iranians appeared to be suggesting at the talks that they were opening new avenues, but that it was not clear if this was really the case.

Both sides said experts would meet for talks in the Turkish city of Istanbul on March 18 and that political negotiators would return to Almaty on April 5-6.

The meeting in the Kazakh city was the first between the world powers and Iran in eight months.

Russian negotiator Sergei Ryabkov confirmed that the six powers had offered to ease sanctions on Iran if it stops enriching uranium to 20 percent fissile purity - a short technical step from weapons grade - at an underground site where it carries out its most controversial uranium enrichment work.

Western officials said the offer of sanctions relief included a resumption of trade in gold and precious metals and lifting an embargo on imports of petrochemical products if Iran responded. But a U.S. official said the world powers had not offered to suspend oil or financial sanctions.

The sanctions are hurting Iran's economy and its chief nuclear negotiator, Saeed Jalili, suggested Iran could discuss its production of nuclear fuel, although he appeared to rule out closing the underground enrichment plant at Fordow.

In comments in Persian translated into English, Jalili told a news conference Fordow was under the supervision of the U.N. nuclear watchdog and there was no justification for closing it.

"RIGHT TO ENRICHMENT"

Asked about the production of 20-percent enriched fuel, he reiterated Iran's position that it needed this for a research reactor and had a right to produce it.

Iran says its enrichment program is aimed solely at producing nuclear energy so that it can export more oil, and that Israel's assumed nuclear arsenal is the main threat to peace in the region.

But Jalili did indicate that Iran might be prepared to discuss the issue, saying: "This can be discussed in the negotiations ... in view of confidence building."

Iran has also previously suggested that 20-percent enrichment was up for negotiation if it received the fuel from abroad instead. It also wants sanctions lifted.

"While an agreement to meet again may not impress skeptics of diplomacy, an important development did occur," said Trita Parsi, an expert on Iran. "The parties began searching for a solution by offering positive measures in order to secure concessions from the other side.

"In past meetings, the approach centered on coercion - the main motivator for concessions was the threat of new sanctions and other escalatory steps."

Ali Vaez of the International Crisis group said the powers had broken a taboo by discussing sanctions relief.

Another expert, Dina Esfandiary of the International Institute for Strategic Studies, said: "I note that the mood is more optimistic and that's great, but a deal still hasn't been reached and in my view its unlikely to be reached before the Iranian elections have come and gone."

(Additional reporting by Yeganeh Torbati in Almaty, Zahra Hosseinian in Zurich, Gabriela Baczynska in Moscow, Dan Williams in Jerusalem and Marcus George in Dubai; Writing by Timothy Heritage and Fredrik Dahl; Editing by Kevin Liffey)

Read More..

More job opportunities for Singaporeans in aerospace industry

SINGAPORE: Singapore's aerospace industry produced a total output of S$8.7 billion last year - more than double the output a decade ago.

The industry accounts for nearly 20,000 jobs and a majority of them are skilled workers in areas like aerospace manufacturing, repair and overhaul, testing, as well as training, research and development.

It will also require over 6,300 new direct employees by 2015.

Speaking at the opening of the AeroSpace eXchange 2013 on Wednesday, Senior Minister of State for Trade and Industry Lee Yi Shyan said the growth of the industry will create many job opportunities for Singaporeans.

Meanwhile, the Association of Aerospace Industries (Singapore) has signed three Memorandums of Understanding (MOUs) with industry associations to develop training programmes.

These organisations include BSI Group Singapore and VTOC "fokker" BV and educational institution German Institute of Science and Technology - TUM Asia.

Mr Lee noted that the National University of Singapore, Nanyang Technological University and Singapore Institute of Technology, as well as local polytechnics offer specialised courses in aerospace and will supply a pipeline of engineers and associate engineers for the industry.

For instance, a new 10.6 hectares ITE Campus - set to open by the end of this year - will house a Boeing 737 aircraft to offer aerospace students practical and hands-on training on aircraft maintenance.

Mr Lee said the industry has always been "amongst the most productive industrial sectors" and that the government will help industries switch to higher productivity.

"Looking ahead, productivity and innovation must continue to be key drivers of our growth. To help firms overcome manpower challenges, the newly-introduced Budget 2013 contains a number of programmes such as the Wage Credit Scheme, PIC and PIC Bonus, enhanced PACT and Corporate Income Tax rebate, to help our companies transit to a productivity-driven business model," he said.

- CNA/de

Read More..