Thursday, May 24, 2012

Iran nuclear talks snag over dueling demands

World powers negotiators arrive at the Baghdad International Airport in Iraq, Wednesday, May 23, 2012. Negotiators from the U.S. and five other world powers sat down Wednesday with a team of Iranian diplomats to try to hammer out specific goals in the years-long impasse over Tehran's nuclear program.(AP Photo/Mohammed Ameen, Pool)

World powers negotiators arrive at the Baghdad International Airport in Iraq, Wednesday, May 23, 2012. Negotiators from the U.S. and five other world powers sat down Wednesday with a team of Iranian diplomats to try to hammer out specific goals in the years-long impasse over Tehran's nuclear program.(AP Photo/Mohammed Ameen, Pool)

Iraq's Foreign Minister Hoshyar Zebari, 2nd right, walks with the EU foreign policy chief Catherine Ashton upon her arrival at Baghdad International Airport in Iraq, Wednesday, May 23, 2012. Negotiators from the U.S. and five other world powers sat down Wednesday with a team of Iranian diplomats to try to hammer out specific goals in the years-long impasse over Tehran's nuclear program.(AP Photo/Mohammed Ameen, Pool)

U.S. Ambassador to Iraq James Jeffrey, center, is seen outside the negotiation room where the U.S. and five other world pourers met with Iranian diplomats in Baghdad, Iraq, Wednesday, May 23, 2012. Negotiators from the U.S. and five other world powers sat down Wednesday with a team of Iranian diplomats to try to hammer out specific goals in the yearslong impasse over Tehran's nuclear program.(AP Photo/Hadi Mizban)

Iran's Chief Nuclear Negotiator Saeed Jalili, right, chats with EU Foreign Policy Chief Catherine Ashton in Baghdad, Iraq, Wednesday, May 23, 2012. Negotiators from the U.S. and five other world powers sat down Wednesday with a team of Iranian diplomats to try to hammer out specific goals in the years-long impasse over Tehran's nuclear program. (AP Photo/Hadi Mizban)

EU Foreign Policy Chief Catherine Ashton, left, poses for a photo with Iran's Chief Nuclear Negotiator Saeed Jalili in Baghdad, Iraq, Wednesday, May 23, 2012. Negotiators from the U.S. and five other world powers sat down Wednesday with a team of Iranian diplomats to try to hammer out specific goals in the yearslong impasse over Tehran's nuclear program. (AP Photo/Hadi Mizban)

(AP) ? Iran and six world powers exchanged dueling proposals Wednesday in a tug of war over Tehran's nuclear program that pits international concerns about the Islamic Republic's potential to build atomic weapons against enforcing crippling sanctions on its people.

The daylong back-and-forth in Baghdad focused largely on whether the current enrichment level of Iran's uranium production is a red line the U.S. and other powers will not permit for fear it could become warhead-grade material.

Western negotiators presented a package combining new and old proposals offering Iran medical isotopes, some nuclear safety cooperation and potentially spare parts for civilian airliners. In exchange, Tehran would stop its 20 percent enrichment levels as a first step, according to a Western diplomat involved in the talks. The diplomat spoke on condition of anonymity to discuss the negotiations more candidly.

Iran brought a potent bargaining chip to the table, tentatively agreeing on the eve of the negotiations to allow U.N. inspectors into a military complex suspected of conducting nuclear arms-related tests.

The gesture was an attempt to head off painful July 1 sanctions on its oil exports to lucrative European markets. U.S. and European measures have targeted Iran's oil exports ? its chief revenue source ? and effectively blocked the country from international banking networks.

But diplomats from the six world powers refused to considered the sanctions as a relevant part of the impasse.

A member of Iran's negotiating team, who spoke on condition of anonymity to discuss the sensitive talks, predicted negotiations would continue Thursday.

The talks are seen only as a small step forward in a delicate negotiating process that likely will unfold over months. That would likely bring objections from Israel, which claims that Iran is only trying to buy time to keep its nuclear fuel labs in full operation.

But a delay could allow U.S. and European allies to tone down threats of military action ? despite calls Wednesday from a hawkish alliance of U.S. senators who urged negotiators to take a hard line against Iran "to leave no doubt that the window for diplomacy is closing."

"The Iranian regime's long record of deceit and defiance should make us extremely cautious about its willingness to engage in good-faith diplomacy," Republican Sens. John McCain and Lindsey Graham, and Independent Joe Lieberman, wrote in Wednesday's editions of The Wall Street Journal. "The U.S. must be prepared, if necessary, to use military force to stop Iran from getting a nuclear-weapons capability."

The Baghdad meetings opened with the so-called 5+1 group ? the permanent U.N. Security Council members, the United States, Russia, China, Britain and France, plus Germany ? putting forward a proposal apparently aimed at reining in Iran's highest-level uranium enrichment. Many world leaders fear the uranium, enriched to 20 percent, could quickly be turned into weapons-grade material. Other details of the plan were not immediately disclosed.

"We hope the package that we put on the table is attractive to them so they will react positively," Mike Mann, spokesman for the head of the European Union delegation that is leading the talks, told reporters. "It's up to them to react."

He also suggested that any rollback in sanctions was unlikely in the Baghdad talks, calling them a "matter of the law and they will come into force when they come into force."

Hours later, Iran put forth a counterproposal that includes "nuclear and non-nuclear issues," according to the member of its negotiating team. The official would not discuss details of the plan but said it was to be discussed in private meetings with diplomats from the European Union and China, an Iranian ally.

Iran's top officials, including Supreme Leader Ayatollah Ali Khamenei, have repeatedly said that Iran does not seek nuclear arms and have called such weapons against Islamic principles.

During a visit to western Iran on Wednesday, President Mahmoud Ahmadinejad evoked Khamenei's belief that "production and use of weapons of mass destruction is forbidden" by Islam.

"There is no room for these weapons in Iran's defense doctrine," he said at a gathering to commemorate victims of Iraqi chemical weapons during the 1980-88 war with Saddam Hussein's Iraq.

Even so, Iran is sticking to its right to enrich uranium as a signatory of U.N. nuclear treaties. The high-enriched uranium is far above the level needed for energy-producing reactors, but is used in medical research. Iran claims its nuclear program is only for electricity and medical applications.

Earlier this week, Tehran tentatively agreed to allow the U.N. International Atomic Energy Agency inspect the Parchin military complex southeast of Tehran. That's where the U.N. believes Iran ran explosive tests in 2003 needed to set off a nuclear charge. Tehran says Parchin is not a nuclear site.

Mann expressed cautious optimism about the still-unsigned deal but said it would have little bearing on Wednesday's talks. In Washington, White House spokesman Jay Carney lauded it as a positive step forward, "but we judge Iran by its actions, not by its promises."

The Iranian envoys entered the talks sorely wanting to lessen, or at least delay, an EU decision to cut all crude oil imports from Iran that are set to take effect July 1. The 27-nation EU accounts for just 18 percent of Iran's total oil exports.

Earlier this week, the U.S. Senate backed proposals for further sanctions on Iran, including requiring companies listed on U.S. stock exchanges to disclose any Iran-related business. U.S. and European measures already have targeted Iran's oil exports ? its chief revenue source ? and effectively blocked the country from international banking networks.

Oil fell to a seven-month low near $91 a barrel Wednesday on hopes of progress in the talks.

If the July 1 sanctions start as planned, Iran's Economy Minister Shamseddin Hossein predicted they will backfire, warning this week that Europe should expect a crude oil price of $160 a barrel should the embargo remain in place.

That puts a ticking clock on a negotiations process that, for all its bluffing and brinksmanship, may drag on "for several weeks, if not for several months," said Bruno Tertrais, senior research fellow at the Foundation for Strategic Research in Paris.

"There will be incentives to not rush toward any kind of deal," Tertrais said.

___

Associated Press writers Brian Murphy in Dubai, United Arab Emirates, and Nasser Karimi in Tehran, Iran, contributed to this report.

Associated Press

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The 6 Best Toys to Keep Your Dog Really Busy [Video]

Memorial Day is coming and, if you have a dog, you would probably want to keep him or her busy while you honor those who fought on countless battles to preserve your freedom to stuff your face with BBQ'ed burgers and ribs. More »


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Wednesday, May 23, 2012

Secret Service Director: Agents did 'some really dumb things' (CNN)

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The Importance of Florida Business Insurance | Honest Reviews ...

Business insurance is one of the first things that you need to consider before you even begin your new business. But it is also important to consider whether you really need it or not. The fact is that every business has some kind of liability.

Business insurance is one of the first things that you need to consider before you even begin your new business. But it is also important to consider whether you really need it or not. The fact is that every business has some kind of liability. Hence, Florida business insurance is a priority among many new start-up businesses. There are also a few things that you need to consider when you are choosing the right insurance. The choices of insurances will be based on the number of options and the cost of the cover. But no matter what the cost of this form of insurance is, it is worth purchasing.

In general terms, Florida business insurance has several types of insurance. These include liability insurance, worker?s comp insurance, errors and omissions/professional liabilities and umbrella insurance. So this kind of insurance becomes like a safety net for a business because they cover different liabilities in their fields. The most common type of insurance is liability and Florida workers compensation insurance. Other forms of insurance such as business auto insurance, errors are omissions/professional liability and umbrella insurance though used are not as popular as liability and worker?s comp insurance. Liability insurance is a bit cheaper as compared to the other mentioned insurance types.

Florida liability insurance is also the most common type of Florida business insurance. This form of insurance covers most of your business property which includes your computers and other office equipments. It also covers losses that include damage to a person and his property while in contact with your business. Shopping malls and grocery stores are a big example. People tend to get injured and fall over on wet flooring. The advantage of having liability insurance is seen here. If you have this form of insurance, you will be able to pay up the incurred cost of the victim recovery.

Worker?s comp insurance is another form of Florida business insurance. This insurance covers the injuries that employees incur when they work for you. In a similar example, if your store cashier is coincidently held at gun point, then chances are that he will be shot or injured. Worker?s comp insurance will help you pay for your employee?s recovery costs and at the same time a portion of their salary because they will be unemployed during this period of recovery. Depending on the state you set up you business, you will have to choose the worker?s compensation insurance accordingly.

It is always advisable to check out different companies that are offering business insurance. This helps you in comparing many coverage. It is also important because in case of insurance, different providers will offer you a whole range of options. You can make use of these different options and pick up the best ones that suit your needs. Even the pricing for these coverage options will be different. Sometimes the selection of a specific insurance type comes down to the price. If you consider buying liability of Florida workers compensation insurance, then you need not worry. These insurance types are non-expensive and also affordable.

Resources:
Shawn Wise is the author of this article on Florida Liability Insurance.
Find more information on Florida Business Insurance here

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Tuesday, May 22, 2012

Video: Reacting to Dell's Earnings & Facebook Drama

Dell has reported Q1 earnings with an EPS of $0.43 versus an estimate of $0.46, with the "Closing Bell" crew. Meanwhile David Sowerby, Loomis Sayles, weighs in on Facebook.

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Economists more upbeat about job growth, housing

NEW YORK (AP) ? A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak.

The National Association for Business Economists says in a report issued Monday that its forecasters expect modest growth for the remainder of the year, with the pace picking up in 2013.

Still, the 54 economists NABE surveyed expect consumer spending, business investment and gross domestic product to remain below historic norms.

The quarterly survey compiles expectations for indicators such as hiring, home construction and spending from economists at industry groups, government agencies, banks and consultancies.

The panel now expects average monthly job growth for 2012 of 188,000, up from its forecast in February for 170,000 new jobs per month in 2012. The improved outlook would lead the unemployment rate to fall to 8 percent by the end of the year, the economists said. The rate is now 8.1 percent. By the end of 2013, the unemployment rate is expected to ease further to 7.5 percent.

The NABE economists expect housing starts to rise 18 percent to 720,000 units this year and increase again to 850,000 in 2013. Residential investment is forecast to increase 8.8 percent this year; that's better than the 6.6 percent the economists predicted in February. In 2013, they now expect a 10.4 percent rise, up from 10 percent.

The outlook for light vehicle sales is also brighter, and the NABE panel now expects sales to reach 14.5 million units this year, up from their previous forecast for 14 million units. In 2013, they now expect 14.8 million light vehicles to sell, up from a forecast for 14.6 million.

On a broader level, however, the panel's forecast remains relatively bleak.

GDP, which reflects the economy's total output of goods and services, is predicted to grow just 2.4 percent this year, which is shy of the roughly 2.5 percent growth forecast by the Federal Reserve. For 2013, the panel of NABE economists expects the GDP to grow 2.8 percent.

Panelists also say consumer spending will grow 2.2 percent this year and 2.5 percent in 2013, below the historic average rate of 2.8 percent.

After-tax corporate profits are projected to rise 5 percent this year and 6.3 percent next year. The NABE economists earlier forecast 6.3 percent growth in 2012 and 7 percent in 2013. The annual average over the past 20 years is 10.2 percent.

NABE's panel now expects real spending on nonresidential structures to grow 2.9 percent, down from the 4.2 percent they forecast in February.

The panel revised its projection for industrial production upward to 4.1 percent in 2012. Panelists still expect labor productivity growth to pick up from last year's rate of 0.4 percent, rising to 1 percent in 2012 and to 1.4 percent in 2013.

And they expect a trade deficit of $562 billion this year, up from $535 billion. For 2013, they expect a deficit of $569 billion, up from $525 billion.

The economists expect the federal budget deficit, meanwhile, to hit nearly $1.2 trillion this year but to fall to $900 next year, with reductions in government spending. Combined federal, state and local government spending is expected to contract by 1.3 percent in 2012 and 0.4 percent in 2013.

The NABE surveyed its 54 panelists April 19 to May 2.

On Wednesday, the U.S. Department of Commerce is to release data on new home sales in April. And on Thursday the Labor Department releases data on weekly jobless claims and the Commerce Department reports on demand for durable goods, while Freddie Mac, the mortgage buyer releases weekly mortgage rates.

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