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Source: http://www.facebook.com/pncnews/posts/657595057585162
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Mexico?s opposition National Action Party sent Congress a bill Thursday to change the constitution and pave the way for Petroleos Mexicanos to sell shares.
The changes would require additional legislation to enable a ?small? share sale, said Salvador Vega, the party?s top member on the Senate Energy Committee. The proposal would also break the monopoly on electricity generation and distribution held by state power company Comision Federal de Electricidad, or CFE, he said.
The PAN is proposing the most ?audacious? changes in Mexico?s energy industry since 1938, when Mexico expropriated assets from U.K. and U.S. companies and changed its constitution to assert control over its energy resources, Vega said. The proposal may go beyond that of President Enrique Pena Nieto who last month declined to say whether he?ll push to change the constitution and has promised to ?modernize, not privatize? Pemex.
??We?re looking for a way to democratize Pemex, including listing small amounts of shares,? Vega said today in a telephone interview from Mexico City. ?We?re also contemplating an opening for the electric sector.?
?The PAN?s announcement preempts the energy proposal expected from Pena Nieto?s Institutional Revolutionary Party, or PRI. That plan will be presented within days, David Penchyna, the head of the Senate Energy Committee and a member of the PRI, said in an interview with Radio Formula.
?The peso briefly pared its loss after Vega?s comments and erased it after the U.S. Federal Reserve said it will maintain its $85 billion in monthly bond purchases. The peso was little changed at 12.7641 per U.S. dollar at 1:55 p.m. in Mexico City.
?This isn?t the first time the PAN has thought about trying to give Pemex the ability to sell shares. In 2011, then President Felipe Calderon decided against an energy bill that would have included selling shares of Pemex after initially saying such a sale ?could be an alternative.?
?The PAN?s proposal could also face opposition from the Democratic Revolution Party, or PRD, the nation?s third-biggest party. Jesus Zambrano, the PRD?s president, has promised that the party will oppose any drive that it sees as privatization.
?Andres Manuel Lopez Obrador, the party?s candidate who came in second to Pena Nieto in last year?s presidential election, said he?ll call supporters to Mexico City?s Zocalo, or main square, in early September to rally against the expected energy overhaul proposals.
??My sense is that the PAN does want to go further on energy reform, and by putting these types of topics into the debate are ensuring that a number of options are considered,? Eric Farnsworth, head of the Washington office of the Council of the Americas, said in a telephone interview. ?Whether or not it?s a bridge too far is something the Mexican people would obviously have to decide.?
?When asked about the possibility of a share sale at a news conference Thursday,? PAN lawmaker Ruben Camarillo said the proposal would call for annual Congressional approval of Pemex?s debt levels and whether parts of its funding would come from a share offering.
?Lawmakers will have an ?extensive debate? to decide how much funding will come from debt, the hybrid securities known as Citizen Bonds, or shares, Camarillo said. The amendments to articles 25, 27, and 28 won?t address the details for those changes, and they will be attended to in secondary laws, he said.
?Camarillo said that his party also wants to remove the Pemex union from the company board, where workers currently hold five of the 15 seats of the board.
?
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3D printing is more popular and accessible than ever, and printers are on course to get even cheaper soon. But printing is only one side of the equation; what about taking 3D pictures? There's a convenient, handheld gadget in the works that could do just that, and way cheaper than anything else has before.
Source: http://gizmodo.com/a-handheld-3d-scanner-could-let-you-upload-your-whole-w-978597513
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Source: http://www.coloradoan.com/article/20130730/SPORTS0201/307300050/-1/rss09
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Federal Reserve Board Chairman Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee July 18, 2013 in Washington, DC.
Federal Reserve Chairman Ben Bernanke should testify in the lawsuit by American International Group Inc's former chief Maurice "Hank" Greenberg against the United States over the insurer's 2008 bailout, a judge ruled on Monday.
Judge Thomas Wheeler of the U.S. Court of Federal Claims rejected the government's effort to keep Bernanke from being deposed, saying the Fed chairman was a "central figure" in the decision to bail out AIG.
"Indeed, the court cannot fathom having to decide this multi-billion dollar claim without the testimony of such a key government decision maker," Wheeler wrote. "These facts constitute 'extraordinary circumstances' for the taking of Mr. Bernanke's deposition."
(Watch: Who will succeed Bernanke?)
Greenberg's Starr International Co, which once had a 12 percent stake in AIG, is suing over the government's taking of a 79.9 percent stake in the insurer in September 2008 and a separate 1-for-20 reverse stock split in June 2009.
Greenberg's attorney, Alanna Rutherford of Boies, Schiller & Flexner, said his team was pleased with the judge's decision.
Earlier this year Greenberg tried to force AIG to join his suit against the government over the $182.3 billion bailout, an effort the company ultimately rejected.
Greenberg is seeking tens of billions of dollars in compensation over the losses he incurred when the government rescued the company.
"Because of Mr. Bernanke's personal involvement in the decision-making process to bail out AIG, it is improbable that Plaintiff would be able to obtain the same testimony or evidence from other persons or sources," Wheeler wrote in his four-page order.
Wheeler said the court would extend "appropriate deference and courtesies" to Bernanke in scheduling the testimony; the judge also said he would attend the deposition himself.
It is tentatively scheduled for Aug. 16, the order noted.
Reuters contributed to thisreport.
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Bailey is senior at Sam Houston State University, pursuing a criminal justice degree with hopes of attending law school in the spring or fall of 2014. With the many contacts she has made through years of working in legal firms and her recent internship with Conroe attorney Jo Miller, she is well on her way.
?I like to read, and I can comprehend legal jargon relatively easily,? said Bailey, who already has dozens of cases under her belt. ?I strive for excellence in the field. Through my current employer and other attorneys, I have made several contacts.?
Bailey sounds like an attorney, easily negotiating the types of documents and proceedings that go into criminal and civil cases. She has worked with Miller, an employment and family law attorney, for three years, and opted to do an internship at the office by restructuring her position.
During her internship, Bailey assisted with drafting pleadings, motions, and discovery; attended and assisted attorneys in depositions; participated in continuing legal education classes; and communicated with clients, courts, experts and witnesses. In fact, she has been assigned to do a response for summary judgment in one of her cases, which will be reviewed by the attorney before being presented to the courts, and helped prepare an outside attorney to handle a deposition for the firm.
?She?s earned the respect of everyone in our office and at the courthouse,? said Miller. ?I am a big believer in education and I continue to educate myself. I believe you can?t just skate by on what you think and what you think you know. She has participated in continuing legal education classes designed for attorneys, which is well above what she is doing in her internship.?
Bailey began her legal career in high school with the law office of Randy Bays, serving as a legal secretary and filing clerk. She went on to work for an immigration attorney, ?which is completing a lot of paperwork,? before deciding to go to culinary school. She didn?t like it and returned to the law.
While taking criminal justice classes at Sam Houston State University, she was serving as a legal assistant on a special team of private attorneys assigned to prosecute a capital murder case in Montgomery County. The case involved the beating death of a two year old girl at the hands of her mother?s boyfriend. As she recounted the facts of the case, her eyes begin to glisten as she recalled the cuts and bruises on the victim, who died from a lacerated liver, as well as the evening of partying and arguments that preceded the death.
?Our evidence wasn?t strong enough, and it was all circumstantial,? said Bailey, adding that the defendant plead guilty and is serving 20 years in prison. ?Especially in criminal law, where you have the highest burden of proof, you have to have your facts in line and you have to know your facts. You have to know your witnesses and you have to know how to ask the questions to get the right response. Justice isn?t always done ? he should have received the death penalty.?
Bailey displays the same intense, deliberate passion when discussing her volunteer work as a special advocate with Court Appointed Special Advocates (CASA), which provides information to the courts in child abuse and neglect cases. She worked on the case of a four month old that suffered 14 rib fractures, a broken arm and a hole in the bottom of her mouth, allegedly from being placed to tightly in a car seat. ?I could not in a million years recommend that the Mom or Dad should have contact with the child,? she said.
Currently, she is working in employment and family law, cases which involve discrimination on the job or divorce and custody issues. Miller?s office is the plaintiff?s attorney for those who have been discriminated against by their employer based on their age, race, color, gender, sex, disability, the Family and Medical Leave Act or Fair Labor Standards Act. She also assists with family law cases, which often include allegations she deals with in her classes at SHSU, such as sexual assault, domestic violence, and child abuse.
?I don?t think anyone should be discriminated against,? Bailey said. ?In this day and age, we should all just get along.?
After all she has witnessed in criminal cases, Bailey said she would like to remain in employment law, perhaps one day succeeding her boss in the practice.
?I consider myself to be a pretty good people reader,? said Bailey. ?If someone told me they did it, I morally can?t defend them. If I thought that they were guilty, I couldn?t zealously defend them. I couldn?t ?get anyone off? on a technicality for a crime they committed.?
Bailey, who expects to graduate in December, would like to attend South Texas College of Law, Baylor University, or St. Mary School of Law in Texas, but she is also looking at schools in Oklahoma and North Carolina. She already has collected letters of recommendation from judges, attorneys, professors and even the dean of a law school.
While Bailey is obviously passionate about the law, she has trouble putting into words why she is so driven in this area. She hopes one day to become a district judge.
?It is knowing that I had a part in bringing justice,? she said quietly. ?I?m good at it and I excel at it.?
?And I like to argue,? she adds with a smile.
Source: http://shsucj.blogspot.com/2013/07/pursing-legal-career-in-cj.html
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The Israeli government agreed Sunday to release 104 Palestinian prisoners over the next nine months as a gesture to lure Palestinian leaders back to the negotiating table. Prime Minister Benjamin Netanyahu said the deal, while painful for the family members of those killed in terrorist attacks, was vital to Israel's security and stability. Netanyahu faced considerable pressure from U.S. Secretary of State John Kerry, who is hoping to renew talks in Washington on Tuesday between representatives from both sides.
Source: http://feeds.drudge.com/~r/retort/~3/KnL06oIpzDA/israel-release-104-prisoners-restart
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