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05-17-2012 Politics Biden attacks Romney tenure as venture capitalist Vice President Joe Biden is pouncing on Republican presidential challenger Mitt Romney in swing state Ohio, casting him as a corporate raider more interested in making profits than in the needs of workers. In a speech set for delivery Wednesday in Youngstown, Ohio, Biden strikes hard at Romney, picking up on an attack line set this week in ads by the Obama campaign and by a super political action committee supporting the president's re-election. Biden depicts the race as one between an Obama vision that promotes fairness and a Romney ideology that helps the wealthy at the expense of the middle class. It's a strategy that combines an attack on Romney with a sunny appraisal of the country's future under Obama. "Then there's Romney economics, which says as long as the government helps the guys at the very top do well, workers and small businesses and communities can be left to fend for themselves," Biden says, according to excerpts of his speech released by the campaign. The speech comes a day after Romney portrayed Obama as an agent of reckless spending who is leading the country toward a threatening debt crisis. And it comes two days after the Obama campaign signaled it would make Romney's tenure at Bain Capital, a private equity firm Romney co-founded, an issue in the campaign. In a statement Wednesday, the Romney camp argued Romney had a net job creation record both as a businessman and as governor of Massachusetts. It countered the attack on Bain by citing the failure of the solar energy company Solyndra, which received more than $500 million in Obama administration loans. "President Obama has wasted billions of taxpayer dollars on unsuccessful policies that have not created jobs, burdened future generations with massive debt and resulted in failed investments like Solyndra," Romney spokeswoman Sarah Pompei said. Source: The Miami Herald Browse our directory of newspapers from United States	05-17-2012 General FBI probes JPMorgan, shareholders back Dimon The FBI has opened an inquiry into the multibillion-dollar trading losses at JPMorgan Chase, stepping up pressure on the bank after key U.S. agencies said they were looking into high-risk trades that first drew regulators' attention last month. The news did little to spook investors, who sent the stock higher Tuesday, or shareholders, who backed embattled Chief Executive Jamie Dimon at the bank's annual shareholders meeting, with a vote rejecting a proposal to split the jobs of CEO and chairman. Though investors mostly gave Dimon a pass, pressure mounted on the bank to reclaim some of the millions of dollars it paid to the executives who oversaw the trades. Dimon said JPMorgan would pursue more disciplinary action against those responsible. "We will do the right thing. That may well include clawbacks," he told reporters after the annual meeting. The timing on any such move was not clear, though, and the various regulatory probes could add complications. A source familiar with the situation said Tuesday that U.S. and UK regulators first raised concerns with senior management in April. A separate source familiar with the FBI probe, opened by the agency's New York office, described it as preliminary. The probe was seen in some quarters as a necessary public step, given the ongoing debate in Washington about bank regulation, and one expert said it raised the level of concern around what happened. "The FBI looks for evidence of crimes and goes after people who it alleges are criminals. They want to send people to jail. The SEC pursues all sorts of wrongdoing, imposes fines and is half as scary as the FBI," said Erik Gordon, a professor in the law and business schools at the University of Michigan. The bank's trading losses have also drawn the attention of the U.S. Securities and Exchange Commission and the Federal Reserve, both of which have opened inquiries. Source: Reuters Browse our directory of newspapers from United States	05-17-2012 Science/Technology Google patents its augmented reality Project Glass Search giant Google has patented the technology behind its augmented-reality glasses, known as Project Glass. Three patents for a "wearable display device" with characteristics of the much-talked about futuristic glasses were submitted last autumn. The patents reference such functions as displaying data in front of the wearer's eyes and playing audio. In April, Google revealed details of its research into the glasses and showed a demo video of a prototype. The patents show images of different versions of augmented reality glasses, some with lenses and some without. Google is working on the project in its research lab, Google X. The prototypes are currently being tested by the firm's executives, including Sergey Brin and Vic Gundotra. The demo video showed science fiction-like glasses equipped with a microphone and partly transparent tiny screen right above the user's right eye. The glasses are said to have many functions of a smartphone Besides displaying information about the wearer's surroundings, the glasses were shown to be used to communicate with other people, browse the web, listen to music and also take photos. There are other firms researching the augmented-reality eyewear. For instance, Oakley is currently developing similar glasses targeted at athletes and other sportsmen and women. A number of companies had attempted to pioneer the concept as well, but did not get very far because their versions required users to carry separate battery equipment, as analyst at Davies Murphy Group Europe told the BBC in an earlier interview. "There are huge opportunities for tailored advertising with augmented reality systems - especially if they have in-built GPS location tracking," Chris Green said. "The monetisation opportunities would be enormous - but there are still big issues involved with shrinking the technology and making the computer that receives and processes the data truly portable." Source: BBC Browse our directory of newspapers from United States	05-17-2012 Economics Bank of England boss: 'Euro is tearing itself apart' BRITAIN’S biggest banker said the Eurozone was “tearing itself apart” today as he warned of another year of pain for UK families. Bank of England governor Sir Mervyn King tore into Euro leaders for failing to take action on Greece. He said it was simply no longer good enough to “kick the can down the road” - as he admitted the Bank had talked over contingency plans with the Treasury in case the Eurozone erupts. The Bank of England slashed growth targets for the UK economy to just 0.8 per cent for 2012 - and warned it could even be negative. Sir Mervyn added that inflation was likely to remain above two per cent for the “next year or so” - ripping up previous promises. The warning came an hour after job figures showed a shock fall in unemployment - 45,000 to 2.63 million in the three months to March. But the statistics showed average pay was rising by just 0.6 per cent - the lowest for TWO YEARS. Total pay in the private sector was up by 0.3 per cent, excluding bonuses. The number of people claiming the dole fell by 13,700 in April — the largest fall for nearly TWO YEARS. The so-called claimant count is seen as a “lead indicator” of where the jobs market is heading. Employment in the three months rose by 105,000 — but the increase was yet again almost totally down to part-time work. Brian Hilliard, economist at SOCIETIE GENERALE, called the jobless figures “stunning”. He added: “The thing that is so striking about this is that it is totally contrary to the broad message coming from growth data.” Employment minister Chris Grayling hailed the figures as “good news”. He said: “Clearly it’s a step in the right direction but the economy is still going through incredibly tough times.” Source: The Sun Browse our directory of newspapers from United Kingdom
05-17-2012 Business Facebook boosts number of shares on offer by 25% Facebook says it will sell 25% more shares than first planned in its flotation in response to strong demand. The move comes one day after the social networking giant said it would raise the price of the shares by 21% to between $34-$38 a share. It also comes despite doubts about the site's profitability site, which is largely used for social updates. Car giant General Motors added to those doubts by saying on Tuesday it would no longer pay to advertise on the site. However, rival Ford said it would continue its social media strategy. A spokesman said: "You just can't buy your way into Facebook. You need to have a credible presence and be doing innovative things." Facebook will add about 84 million shares to its initial public share offering (IPO) and will now sell about 421 million shares, up from 337 million, raising $18bn (£11.3bn). This is still only a small percentage of the entire company, and implies Facebook's full market value is around $100bn, similar to that of internet shopping giant Amazon. The extra allotment of shares and the raising of the target price were both moves that were anticipated by analysts. Wedbush Securities analyst Michael Patcher, said: "No rational person thought they were buying the stock for $28." He said that Facebook had traded as high as $44 in the secondary markets in recent months. The actual price of the shares is expected to be revealed on Thursday with open market trading pencilled in to begin on Friday. If all the shares are sold at the new higher price, the IPO would be the third-largest initial share sale in US history, after the financial giant Visa and General Motors. The company could add even more shares to the sale as there are more than 60 million additional shares that could be sold to cover excess demand. The eight-year-old social network has 900 million users worldwide and made a profit of $1bn last year. Source: BBC Browse our directory of newspapers from United States	05-17-2012 Politics Obama walks fine line in bashing Romney, courting Wall Street For President Barack Obama's re-election team, it's sort of like threading a needle. While trying to define Republican Mitt Romney as an insensitive job-killer during his time as a private equity executive, the Obama campaign also is raising money from private equity executives on Wall Street - and hoping voters don't see that as hypocritical. The Obama campaign's political dexterity was evident on Monday, as it released a blistering video ad recounting how Romney's Bain Capital laid off 750 workers from a steel mill in Missouri. Hours later, the campaign raked in about $2 million at a Manhattan fundraiser held by Tony James, president of the Blackstone Group, a huge private equity firm. The Blackstone Group had been on the Obama campaign's radar before - as a target for criticism. Last month, the campaign identified a Blackstone partner, Paul Schorr, as one of "eight wealthy individuals" who donated to Romney's campaign after "betting against America" in "less-than-reputable" deals that led to outsourcing and layoffs. So on Tuesday at the White House, Obama spokesman Jay Carney faced several questions about whether the president's campaign was setting a double standard in dealing with Wall Street, where some executives see Obama as anti-business. Carney rejected the notion that Obama's team, in criticizing Romney and Republican donors in private equity, had been critical only of executives who had not contributed to Obama's campaign and that only those who support the president were "totally kosher," in the words of ABC's Jake Tapper. Carney said that Obama's campaign was being critical of individuals, not an industry. "There is absolutely a place for a vibrant and successful financial sector ... that includes private equity," Carney said. Source: Reuters Browse our directory of newspapers from United States	05-17-2012 General How diamonds fuel Africa's conflicts What are "conflict diamonds?" Conflict or "blood" diamonds are illegally traded to fund conflict in war-torn areas, particularly in central and western Africa, according to the World Diamond council, which represents the commercial diamond trade. The United Nations defines conflict diamonds as "...diamonds that originate from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments, or in contravention of the decisions of the Security Council." They are generally in "rough" form, meaning they have recently been extracted and not yet cut. At the height of the civil war in Sierra Leone, it is estimated that conflict diamonds represented approximately four percent of the world's diamond production. What role did they play in the war? Taylor was accused of arming rebel groups and terrorizing civilians during the decade-long civil war in exchange for uncut diamonds smuggled out to him in empty mayonnaise jars. He was found guilty of aiding the rebels, but a judge ruled that prosecutors failed to prove he was in command of them. During the trial British supermodel Naomi Campbell was summoned as a witness for the prosecution. She told the court she received a gift of "dirty-looking stones" from two men following a dinner hosted by then-South African President Nelson Mandela in 1997. The prosecution argued the stones were "blood diamonds" -- a personal gift from Taylor. That claim contradicted Taylor's testimony that he never handled the precious stones that fueled the conflict. Who suffers from conflict diamonds? Apart from the innocent people caught up in the conflicts that the trade fuels, thousands of men, women and children in countries such as Sierra Leone are used as slaves to extract diamonds. They are often forced to use primitive, back-breaking methods. Source: CNN Browse our directory of newspapers from South Africa	05-17-2012 Science/Technology Apple readies iPhone with larger screen: sources Apple Inc plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday. Early production of the new screens has begun at three suppliers: Korea's LG Display, Sharp Corp and Japan Display Inc, a Japanese government-brokered merger combining the screen production of three companies. The new iPhone screens will measure 4 inches from corner to corner, one of the sources said. It is likely all three of the screen suppliers will get production orders from Apple, which could begin as soon as June. That would allow the new iPhone to go into production as soon as August if the company follows its own precedent in moving from orders for prototypes for key components to launch. Apple's decision to equip the next iPhone with a larger screen represents part of its competitive response to Samsung Electronics. Samsung unveiled its top-of-the line Galaxy smartphone with a 4.8-inch touch screen and a faster processor earlier this month. Samsung, which this year became the world's largest cell phone maker, sold 45 million smartphones in the first quarter and sales of the Galaxy phones outstripped the iPhone. Apple was not immediately available to comment. Apple's move toward a larger display for the next generation iPhone was first reported by The Wall Street Journal. Source: Reuters Browse our directory of newspapers from United States
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05-16-2012 Business Australia could be a capital 'safe haven' EUROPE'S economic turmoil could turn Australia into a safe haven for global capital, former Treasury secretary Ken Henry says. Mr Henry said the unfolding economic crisis in Europe will create large capital movements. "It's quite possible that some of that capital will come into Australia," he told ABC TV. "Australia will be seen as offering something of a safe haven." He said Europe's collapse would be both good and bad for Australia. It would mean a higher valued Australian dollar, he said. "The good news side of it is, that is possible maybe even likely that any capital flight associated with problems in Europe would make it easier for Australia to finance its current account deficit," he said. Source: News.com.au Browse our directory of newspapers from Australia	05-16-2012 Politics N.C. gay marriage vote spells the end of Obama North Carolina is so important to the re-election chances of Barack Obama that he picked Charlotte as the host city for the Democratic nominating convention. On May 8, all his careful plans came crashing down when 61% of voters in a North Carolina referendum adopted a constitutional amendment defining marriage as the union of one man and one woman. Pre-election polls showed that a majority of Democratic voters supported this amendment, as did independents and an overwhelming majority of African-Americans and Republicans. Before the N.C. vote, Obama publicly opposed Amendment One, and gay activists used this in an attempt to rally Democrats and independents, and especially African-Americans, to oppose the measure. This failed miserably, and when polls started to predict Amendment One would pass, Obama canceled an Election Day trip to the state. Then Vice President Joe Biden popped off that he saw no problem with same-sex marriage. Finally, a day after the North Carolina vote, Obama admitted what had been obvious for a long time -- he supports redefining marriage. Obama's embrace of same-sex marriage will help ensure he becomes a one-term president, and his political demise will begin with North Carolina. Despite what many in the media claim, the American people do not support same-sex marriage. They sure as heck don't in North Carolina, where voters made it clear they want to prevent activist judges and politicians like Obama from redefining marriage. The National Organization for Marriage, which I head, helped lead the North Carolina campaign. Our victory for marriage was so impressive that the prominent Democratic Public Policy Polling firm sent out this Twitter missive as the results came in: "Hate to say it, but I don't believe polls showing majority support for gay marriage nationally. Any time there's a vote, it doesn't back it up." Source: CNN Browse our directory of newspapers from United States	05-16-2012 General Ex-Murdoch editor charged over UK phone-hacking scandal Rebekah Brooks, a close confidante of Rupert Murdoch, was charged on Tuesday with interfering with a police investigation into a phone hacking scandal that has rocked the tycoon's media empire and sent shockwaves through the British political establishment. Brooks, 43, was charged with concealing material from detectives, conspiring to remove boxes of archive records from Murdoch's London headquarters, and hiding documents, computers and other electronic equipment from the police. If found guilty she could face a prison sentence. The charges are the first since police re-launched an investigation into alleged illegal practices at Murdoch's British newspapers following accusations the extent of wrongdoing had been covered up. The news is a personal blow for the world's most powerful media boss and also embarrassing for British Prime Minister David Cameron, who was close friends with Brooks and sent her text messages of support when the alleged offences took place. The action against Brooks comes as Murdoch is increasingly under fire in Britain. He has been forced to close one newspaper, withdraw a major takeover bid for a TV station and been described by a parliamentary committee report as someone who is not fit to run a major international company. Murdoch's closeness to Brooks, instantly recognizable for her mane of flame-red hair, was highlighted last year, when the mogul flew into London to tackle the hacking scandal, put his arm around her and declared that she was his top priority. "I have concluded ... there is sufficient evidence for there to be a realistic prospect of conviction," said Alison Levitt, Principal Legal Advisor to Britain's Director of Public Prosecutions in a rare televised statement. Source: Reuters Browse our directory of newspapers from United Kingdom	05-16-2012 Politics US fury after Baghdad court frees al-Sadr ally linked to killing spree Diplomatic storm rages around commander accused of ordering the kidnap of British contractors and murder of American soldiers. A senior Hezbollah commander accused of orchestrating the killing of British and US citizens is at the centre of a diplomatic storm after a Baghdad court last week ordered his release. US government officials have accused Ali Musa Daqduq, a Lebanese citizen, of involvement in a string of attacks, including the killing of five US soldiers on a base in the Iraqi city of Kerbala in 2007, while he was acting as the group's liaison to a shadowy Shia insurgent group, the League of Righteousness. The group was also behind the kidnapping of five British contractors including Peter Moore – who was freed while his four bodyguards were murdered. Daqduq, who had been held in US custody since his arrest, was handed over to the Iraqi government last year after the formal withdrawal of US combat troops after a promise from the government of Nouri al-Maliki that he would be tried. The two men Daqduq was arrested with in Basra – Iraqi brothers who led the group – have already been released as part of a British deal to secure the return of Moore and the remains of his guards. Daqduq, who US officials say has been a member of Hezbollah for almost a quarter of a century, is alleged to have been sent to Iraq to create "special groups" within Shia militias. Despite the allegations that have been levelled against him, he has been held in custody in Iraq only on a single charge of failing to have a proper visa when he entered Iraq to fight coalition troops. US officials claim he confessed to training Shia insurgents involved in lethal attacks while he was in their custody. Last week, however, an Iraqi court ruled that Daqduq could no longer be held on that charge, a decision which has infuriated American and British diplomats. Source: The Guardian Browse our directory of newspapers from Iraq

Breaking news headlines from world's most important newspapers

05-17-2012 | Politics Comenzó el paro de subtes que se extenderá por 36 horas General Comenzó en La Haya el juicio a un Mladic desafiante Sports UN GRAN DESAFÍO EN EL HIMALAYA Siete montañistas argentinos están a un paso de una hazaña inédita Browse our directory of newspapers from Argentina

05-17-2012 | Economics La prima baja de los 500 puntos tras marcar un nuevo máximo histórico Politics Grecia celebrará nuevas elecciones legislativas el 17 de junio Economics La fuga de depósitos amenaza con colapsar los bancos de Grecia Browse our directory of newspapers from Spain

05-17-2012 | Politics Greece Sets Date for New Vote Amid Euro Exit Fears Economics Needy States Use Housing Aid Cash to Plug Budgets Politics When Afghan Allies Become U.S. Enemies Browse our directory of newspapers from United States

05-17-2012 | Economics David Cameron raises possibility of euro breakup General Brooks angry over prosecution Politics Syria: UN monitors return to safety Browse our directory of newspapers from United Kingdom

Top 100 World Newspapers (*)

No.	Newspaper / Country	No.	Newspaper / Country	No.	Newspaper / Country	No.	Newspaper / Country
1	The New York Times / United States	2	The Guardian / United Kingdom	3	The Daily Mail / United Kingdom	4	The Wall Street Journal / United States
5	The Washington Post / United States	6	The People's Daily / China	7	The Daily Telegraph / United Kingdom	8	USA Today / United States
9	Los Angeles Times / United States	10	El Mundo / Spain	11	La Repubblica / Italy	12	The Times of India / India
13	Bild / Germany	14	Corriere della Sera / Italy	15	The Examiner / United States	16	The Independent / United Kingdom
17	El País / Spain	18	The Financial Times / United Kingdom	19	The Sydney Morning Herald / Australia	20	Daily News / United States
21	Chicago Tribune / United States	22	Le Monde / France	23	Marca / Spain	24	Hürriyet / Turkey
25	Die Welt / Germany	26	Asahi Shimbun / Japan	27	The Sun / United Kingdom	28	New York Post / United States
29	The Age / Australia	30	Gazeta Wyborcza / Poland	31	The Philadelphia Inquirer / United States	32	The Washington Times / United States
33	Die Zeit / Germany	34	Yomiuri Shimbun / Japan	35	The New Zealand Herald / New Zealand	36	The Onion / United States
37	Milliyet Gazetesi / Turkey	38	Il Sole 24 Ore / Italy	39	The Chicago Sun-Times / United States	40	Al-Ahram / Egypt
41	Le Figaro / France	42	Süddeutsche Zeitung / Germany	43	The Hindu / India	44	Houston Chronicle / United States
45	The Seattle Times / United States	46	Libération / France	47	The Globe and Mail / Canada	48	De Standaard / Belgium
49	The Irish Times / Ireland	50	The Toronto Star / Canada	51	Le Nouvel Observateur / France	52	Mercury News / United States
53	The Australian / Australia	54	The Denver Post / United States	55	The Christian Science Monitor / United States	56	The Dong-a Ilbo / Korea
57	The Atlanta Journal-Constitution / United States	58	Aftonbladet / Sweden	59	Kommersant / Russia	60	Bangkok Post / Thailand
61	Star Tribune / United States	62	The Hollywood Reporter / United States	63	Daily Mirror / United Kingdom	64	Dawn / Pakistan
65	El Universal / Mexico	66	The Miami Herald / United States	67	Mladá fronta Dnes / Czech Republic	68	DNA - Daily News & Analysis / India
69	Pittsburgh Post-Gazette / United States	70	Sports Nippon / Japan	71	L'Equipe / France	72	Die Presse / Austria
73	Detroit Free Press / United States	74	Neue Zürcher Zeitung / Switzerland	75	Clarín / Argentina	76	Chosun Ilbo / Japan
77	The Sacramento Bee / United States	78	China Daily / China	79	Nihon Keizai Shimbun / Japan	80	AS / Spain
81	The Baltimore Sun / United States	82	Frankfurter Allgemeine Zeitung / Germany	83	La Gazzetta dello Sport / Italy	84	Mainichi Shimbun / Japan
85	Boston Herald / United States	86	The Dallas Morning News / United States	87	The Times / United Kingdom	88	Newsday / United States
89	Orlando Sentinel / United States	90	St. Louis Post-Dispatch / United States	91	Taipei Times / Taiwan	92	The Hindustan Times / India
93	The Economic Times / India	94	Kompas / Indonesia	95	The Observer / United Kingdom	96	Jornal de Notícias / Portugal
97	South Florida Sun-Sentinel / United States	98	ABC / Spain	99	Le Soir / Belgium	100	The Kansas City Star / United States

(*) Selected by 4International Media & Newspapers

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