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Source: http://www.wfaa.com/entertainment/News-8-Daybreak--132139158.html
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Monday, October 24, 2011
French President: EU to anticipate bank rules (AP)
BRUSSELS ? The European Union will require banks to raise their capital buffers to higher levels by 2012, much earlier than required, France's president said Sunday, signaling one element of a broader plan to finally get a grip on Europe's escalating debt crisis.
Nicolas Sarkozy, who was speaking after a summit of the 27 EU leaders in Brussels, said the capital buffers that banks have to achieve under the Basel III rules by 2019 will already be obligatory for big EU banks as of next year.
He did not say how much money banks will have to raise as a result of the anticipation of the rules, but a European official said Saturday that they would force banks to find just over euro100 billion ($140 billion) ? either through issuing new shares, selling off assets or asking their governments for help.
EU leaders were reluctant to unveil details of the new bank rules until they have other parts of their rescue plan in place, especially a decision on how to boost the firepower of their bailout fund.
They also have to find a solution for Greece's massive debt problem. Negotiations with banks to take losses on their bond holdings were only advancing slowly, but leaders have promised a full-fledged plan in time for a second summit on Wednesday. A report from Greece's debt inspectors has suggested that the value of the bonds may need to be reduced as much as 60 percent.
"It is a comprehensive package and the recapitalization of the banks, getting a lasting solution to the Greek debt, and what we call the leveraging of the European Financial Stability Facility are the three main parts of that package," said EU President Herman Van Rompuy, who chaired the discussions of the 27 EU leaders. "We are confident that we will get an agreement on Wednesday. Otherwise we would not take a decision on recapitalization of the banks on Wednesday."
Weaker countries such as Italy and Spain did not want to fully approve the requirement for banks to shore up their rainy-day funds unless they know for sure that they can get help from the European Financial Stability Facility, if necessary.
But Europe is quickly running out of time, with turmoil on financial markets worsening since the summer. The longer leaders put off important decisions, the less trust investors and even citizens have in their ability to achieve results.
"Greece has proven again and again that we are making the necessary decisions to make our economy sustainable, and make our economy more just," said Greek Prime Minister George Papandreou, whose country has undergone more than a year of painful austerity after being frozen out of bond markets. "The crisis is a European crisis, so now is the time that we as Europeans need to act decisively and effectively."
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Sunday, October 23, 2011
No reports yet of debris from falling satellite (AP)
BERLIN ? Scientists were trying to establish how and where a defunct German research satellite returned to the Earth Sunday, after warning that some parts might survive re-entry and crash at up to 280 mph (450 kph).
There was no immediate solid evidence to determine above which continent or country the ROSAT scientific research satellite entered the atmosphere, said Andreas Schuetz, spokesman for the German Aerospace Center.
Most parts of the minivan-sized satellite were expected to burn up, but up to 30 fragments weighing a total of 1.87 tons (1.7 metric tons) could crash.
Scientists were no longer able to communicate with the dead satellite and it must have traveled about 12,500 miles (20,000 kilometers) in the final 30 minutes before entering the atmosphere, Schuetz said.
Schuetz said it could take days to determine exactly where pieces of the satellite had fallen, but that the agency had not received any reports that it had hit any populated areas.
"We have no such information," he said Sunday.
Scientists said hours before the re-entry into the atmosphere that the satellite was not expected to hit over Europe, Africa or Australia. According to a precalculated path it could have been above Asia, possibly China, at the time of its re-entry, but Schuetz said he could not confirm that.
The 2.69-ton (2.4 metric ton) scientific ROSAT satellite was launched in 1990 and retired in 1999 after being used for research on black holes and neutron stars and performing the first all-sky survey of X-ray sources with an imaging telescope.
The largest single fragment of ROSAT that could hit into the earth is the telescope's heat-resistant mirror.
During its mission, the satellite orbited about 370 miles (600 kilometers) above the Earth's surface, but since its decommissioning it has lost altitude, circling at a distance of only 205 miles (330 kilometers) above ground in June for example, the agency said.
Even in the last days, the satellite still circled the planet every 90 minutes, making it hard to predict where on Earth it would eventually come down.
A dead NASA satellite fell into the southern Pacific Ocean last month, causing no damage, despite fears it would hit a populated area and cause damage or kill people.
Experts believe about two dozen metal pieces from the bus-sized satellite fell over a 500-mile (800 kilometer) span.
The German space agency puts the odds of somebody somewhere on Earth being hurt by its satellite at one in 2,000 ? a slightly higher level of risk than was calculated for the NASA satellite. But any one individual's odds of being struck are one in 14 trillion, given there are 7 billion people on the planet.
___
Online:
The German space agency on ROSAT: http://bit.ly/papMAA
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Kelsey Grammer: The New Boss (omg!)
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Ky. theater says singer Loretta Lynn has pneumonia (AP)
ASHLAND, Ky. ? A Kentucky theater says Loretta Lynn has been hospitalized with pneumonia.
The country singer was scheduled to perform Saturday at the Performing Arts Center in Ashland, Ky., but the center issued a release saying she is in the hospital and will be unable to do the concert. The center says the show will be rescheduled.
Marketing director Jenny Holmes confirmed the statement to WOWK-TV. She didn't elaborate on Lynn's condition (http://bit.ly/qGAITb).
Calls by The Associated Press to representatives of Lynn were not immediately returned Saturday.
In August, Lynn canceled shows because of knee surgery. Before that, the 76-year-old returned to live performances with a show at the Grand Ole Opry after being forced to cancel shows in Ohio and Connecticut because she was hospitalized for heat exhaustion.
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Saturday, October 22, 2011
Ryan apologizes for comments about Chargers
New York Jets coach Rex Ryan watches during the first quarter of the Jets' NFL football game against the Miami Dolphins on Monday, Oct. 17, 2011, in East Rutherford, N.J. (AP Photo/Bill Kostroun)
New York Jets coach Rex Ryan watches during the first quarter of the Jets' NFL football game against the Miami Dolphins on Monday, Oct. 17, 2011, in East Rutherford, N.J. (AP Photo/Bill Kostroun)
San Diego Chargers head coach Norv Turner yells during an NFL football game against the Denver Broncos , Sunday, Oct. 9, 2011, in Denver. (AP Photo/Jack Dempsey)
FLORHAM PARK, N.J (AP) ? Talk about something you don't hear everyday: a regretful Rex Ryan.
The brash and mouthy New York Jets coach knew he messed up Wednesday as soon as he said, "I would have had a couple of rings," if the San Diego Chargers had hired him as coach in 2007. The comments were taken as a slight at Chargers coach Norv Turner, who was hired instead and hasn't yet won a Super Bowl in San Diego.
Turner immediately received an apologetic phone call from Ryan.
"It was me, it's all on me," Ryan said Thursday. "I'm guilty. Absolutely. I did call Norv. I won't get into that conversation, but it was unintentional."
Ryan, who made the comments during a conference call with Chargers reporters, insisted he didn't intentionally diss Turner, but rather was trying to compliment the job the Chargers have done in building a consistent winner. Turner got in a little jab of his own Wednesday when asked about Ryan's comments.
"I didn't have a chance to ask him this," Turner said, "but I was wondering if he had those rings with the ones he's guaranteed the last couple of years."
Zing! Ryan was hired by the Jets in 2009, with bold ? and so far empty ? promises of Super Bowl success ever since.
"I think we're even because he did get me with a good shot," a smiling Ryan said. "There's no question."
With postgame handshakes a big focus these days after Detroit's Jim Schwartz and San Francisco's Jim Harbaugh nearly got into it last Sunday, should eyes be focused on the Ryan-Turner meeting at midfield Sunday at MetLife Stadium?
"I did ask Norv if I need to wear a helmet, but he assured me that I never did," Ryan said.
Some fans and media thought Ryan's comments could also have been taken as a slight to the Jets, perhaps that if given the talent the Chargers have had, he could've already won in New York.
"I wouldn't trade this team for anybody's," Ryan said. "I've said that forever."
His players laughed off Ryan's comments, saying that it's just Rex being Rex.
"We laughed," running back LaDainian Tomlinson said. "The guys who get offended by it are the guys in San Diego. We don't care, he's our coach. We've got to play the game. ... That's his way of kind of taking pressure off his players and putting it onto himself. Whatever Rex does, he has a way of challenging players to get the best out of them."
But now, Ryan jokingly said he might need to say sorry again, and this time to Jets general manager Mike Tannenbaum.
"I do think I'll be able to get my relationship back with Norv," Ryan said with a grin. "I think we'll be OK. The one I do worry about is Tannenbaum, obviously, because he won't speak to me or anything else now."
It's just the latest in an ever-growing list of uncomfortable situations Ryan's mouth has gotten him in since becoming the Jets' coach.
"Obviously I wish this one never happened," he said. "It really was unintentional. I don't know what other word to use. I don't know what to even say."
Wow, a loss for words? That's another Rex rarity.
"I was praising the heck out of them because I think they have a great organization," he said, "and I talked about (general manager) A.J. Smith because he really did put me on the map."
Ryan's first interview for a head coaching job came with the Chargers.
"It led me to getting three interviews the next year, and then landing this job," Ryan said. "I really did mean those things sincerely. And the other thing ... it just happens."
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