greeneratlanta.org

Japan’s Tepco set for $13 billion bailout: sources (Reuters)

TOKYO (Reuters) ? The owner of Japan’s stricken nuclear reactor, Tokyo Electric Power Co, will agree to be taken over by the government in a near-$13 billion bailout, sources said on Thursday, even as the country debates the future of nuclear power.

The injection of 1 trillion yen ($12.8 billion) in public funds would effectively nationalize Tepco (9501.T), supplier of power to almost 45 million people including Tokyo residents, in one of the world’s biggest bailouts outside the banking sector.

Tepco has been dragging its feet over a proposal for the state-backed Nuclear Damage Liability Facilitation Fund to take at least a two-thirds stake in the company, which has been swamped by liabilities associated with the earthquake and tsunami which ruined its Fukushima nuclear power plant in March.

“If the government has a two-thirds stake, they have a right to control management, so naturally, Tepco doesn’t like that,” said one source familiar with the matter.

Tepco’s future as an independent firm has been in doubt since the disaster, which triggered the world’s worst nuclear crisis in 25 years and left the utility with huge compensation payments, cleanup costs and rising fuel bills as public concerns over safety make it hard to restart other off-line reactors.

Its plight has become emblematic of problems facing Japan’s entire nuclear power industry, much of which has been idled since the disaster while authorities work to regain some public trust in an industry that had provided a third of Japan’s power.

Tepco’s fate is also being watched for clues as to whether Japan will deregulate its system of monopolistic regional utilities that both generate and distribute electricity.

Tepco’s share price soared on the news, jumping 8 percent in heavy trade to 219 yen.

Tepco, which together with the fund is drafting a business reconstruction plan to be unveiled in March, is also seeking about 1 trillion yen in additional bank loans, sources said.

Under the plan, the utility is expected to swing to profit in fiscal 2014 and resume issuing bonds two years later, the Nikkei business newspaper reported.

The plan calls for government control to end in six or seven years, the Nikkei added, though other reports have said it might last about a decade.

According to the plan, Tepco is expected to post a parent-only net loss of about 580 billion yen in the year ending March 31 and next fiscal year, followed by a net profit of 37.7 billion yen in fiscal 2013, largely on the sale of real estate, the Nikkei said. Tepco is also expected to generate a pretax profit of 159.1 billion yen in fiscal 2014, it added.

The projection for improved earnings is based on the assumption Tepco will increase household electricity rates by 10 percent in October and reduce fuel costs by restarting reactors at its Kashiwazaki-Kariwa nuclear plant in fiscal 2013 — moves the utility will find difficult to execute, the daily said.

Tepco shareholders will need to approve an increase in its authorized share capital at an annual meeting in June before the nationalization plan could go ahead.

(Reporting by Ashutosh Pandey in Bangalore, Osamu Tsukimori and Nobuhiro Kubo in Tokyo; Editing by Chris Gallagher and Mark Bendeich)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120126/bs_nm/us_tepco

earthquake map geoffrey mutai wes welker fred davis fred davis fracking fracking

‘Hottest MCs In The Game’ Debate To Return On MTV2

Annual roundtable discussion follows new installment of ‘MTV2 Presents: Yo! MTV Raps Classic Cuts’ on February 19.
By Rob Markman


Reigning Hottest MC in the Game Eminem
Photo: Getty Images

The real is back! Hip-hop’s most highly contested debate returns to MTV2 on Sunday, February 19, with the “Hottest MCs in the Game VII.” MTV News correspondent Sway Calloway will oversee the roundtable discussion while the Hottest MCs Hip-Hop Brain Trust will convene to decide who the top rappers in the game are!

Eminem snagged the top spot on “Hottest MCs in the Game VI,” and Jay-Z, Kanye West and Lil Wayne have all topped the list in previous years. Drake, Rick Ross, Ludacris and Waka Flocka Flame all appeared in the top 10 during the last debate, and Nicki Minaj became the first female MC to ever earn a spot on “Hottest.” So who will make the list this year? Tune in to find out!

“Hottest MCs in the Game VII” will come on a special night of cutting-edge rap programming on MTV2. The game’s legends will be honored on “MTV2 Presents: Yo! MTV Raps Classic Cuts.” During the 30-minute retrospective, which will also be hosted by Sway, “Yo!” will take a look back at three classic tracks that helped shape hip-hop culture. That’s not all. The night will conclude with the brand-new “Sucker Free Certified,” which will celebrate five of the most talented and buzzworthy artists in rap. It’s shaping up to be quite the night, where rap’s past, present and future all be honored.

Tune in to MTV2 on Sunday, February 19, at 10 p.m. ET/PT to catch “MTV2 Presents: Yo! MTV Raps Classic Cuts,” then watch “Hottest MCs in the Game VII” immediately after at 10:30 p.m. ET/PT before capping the night off with “Sucker Free Certified” at 11 p.m. ET/PT.

Who do you think should top the “Hottest MCs in the Game VII” list? Tells us in the comments!

Related Videos

Source: http://www.mtv.com/news/articles/1677709/hottest-mcs-in-the-game-2012.jhtml

imagine imagine watch movies online for free papillon papillon oc oc

Best Free iPhone Apps – Business Insider

We’ve become pretty accustomed to shelling out a dollar or two for the best iPhone apps, but many of the best apps are free.

Here are our favorite iPhone apps that won’t cost you a penny, and don’t include any ads!

Please follow SAI: Tools on Twitter and Facebook.
Follow Ellis Hamburger on Twitter.
Ask Ellis A Question >

Share:

x

To embed this post, copy the code below and paste into your website or blog.

600px wide (preview)

400px wide (preview)

300px wide (preview)

Summary

The iPhone is a line of Internet and multimedia-enabled smartphones designed and marketed by Apple Inc. The first iPhone was introduced on January 9, 2007. An iPhone functions as a camera phone, including text messaging and… More ?

Recent Posts About iPhone

Source: http://www.businessinsider.com/best-free-iphone-apps-2012-1

stephen hawking jesse ventura keri russell drew barrymore will kopelman bill o brien portland trailblazers

Santorum backed by social conservative leaders (AP)

MOUNT PLEASANT, S.C. ? A week before the pivotal South Carolina primary, Rick Santorum’s quest to emerge as the chief alternative to Mitt Romney received a boost Saturday from a group of evangelical leaders and social conservatives who voted to back his candidacy in a last-ditch effort to stop the GOP front-runner’s march to the nomination.

About three-quarters of some 150 pastors and Christian conservative political organizers meeting in Texas sided with Santorum over a home-state favorite, Texas Gov. Rick Perry, and former House Speaker Newt Gingrich ? an outcome that illustrated continuing divisions within the ranks of conservatives who make up the base of the GOP.

The gathering also reflected the lingering dissatisfaction with Romney over abortion rights and other issues, and the belief of conservatives that they need to unite behind one contender before the Jan. 21 South Carolina primary if they are to derail the former Massachusetts governor they view as too moderate. Romney leads narrowly in polls here after victories in Iowa and New Hampshire.

“There is a hope and an expectation that this will have an impact on South Carolina,” said Family Research Council president Tony Perkins, who attended the Texas meeting.

It’s unclear, however, whether conservative voters will heed the advice of these leaders and back Santorum particularly with other conservative candidates still in the race. The backing of a chunk of conservative leaders could help Santorum, who long has run a shoestring campaign, raise money and set up stronger get-out-the-vote operations.

But with the South Carolina primary looming Jan. 21, time may be running short for the nod to have a significant impact. It perhaps would have been more effective after the Iowa caucuses, before Romney gained steam with a second victory in New Hampshire.

Santorum, for his part, reveled in the development.

“It’s a validator,” the former Pennsylvania senator told reporters late Saturday while campaigning along South Carolina’s coast. “People who have been out there in the fields laboring for the conservative causes see us as someone who can not only fight for the causes but effectively fight and win.”

Still, he acknowledged the divisions illustrated in Texas: “I knew there were strong differences of opinion there, people who have strong support for their candidates.”

Indeed, the split-decision and frustration by some who attended the meeting punctuates the fissures that have vexed this powerful bloc of the GOP base throughout the campaign and continue to with a week left before the South Carolina vote. Social conservatives here are an influential force, but divided they would leave an opening for Romney as they did in 2008, when Arizona Sen. John McCain won the state en route to the GOP nomination.

This year, even Santorum’s backers concede time may be running out for conservative voters to rally behind their candidate.

“If that consolidation occurs, he will win this primary,” South Carolina state Sen. Chip Campsen said as he endorsed Santorum at the campaign office near Charleston. “And there are fewer options as time goes on.”

The meeting took place over two days at the Texas ranch of former state appeals court Judge Paul Pressler.

Surrogates for each campaign were said to have made presentations and answered questions. The goal was to determine whether conservative leaders could rally behind one alternative candidate to Romney, in hopes of ensuring one of their own wins the nomination instead of someone they consider more moderate. Many conservative leaders fear a repeat of four years ago when, in their view, a divided conservative base led the GOP to nominate McCain.

Meeting attendees said it took several ballots for 75 percent of attendees to agree on Santorum after winnowing down the field from three candidates: Santorum, Gingrich and Perry. They also said that there was some support for Romney.

“Santorum was the preferred candidate by a significant majority,” Gary Bauer, the former presidential candidate, said.

“They were all looking for the best Reagan conservative,” he said. “It came down to things like, who do you most trust.”

But David Lane, a California-based pastor who has set up candidate forums with ministers in Iowa, said he was frustrated with the outcome because he does not believe Santorum has an organization or fundraising capability to allow him to campaign deep into the primary season.

He said the choice to back Santorum projects political weakness.

“This country is going to hell, and the evangelical voice is meaningless,” Lane said.

Santorum downplayed the division, noting that he edged Perry in a group including many Texans, as well as longtime activists who have had long relationships with Gingrich.

“I can’t believe it was only 25 percent” who didn’t agree, he said, adding that he would not ask any candidates to consider leaving the race in order to consolidate the conservative vote.

The Gingrich campaign tried to downplay the vote, and insisted the former House speaker also had the backing of many in Houston.

“Newt had strong support in the room,” Gingrich spokesman R.C. Hammond said. “Our job now is to translate the strong showing we had in Texas into votes in South Carolina and Florida.”

Romney’s campaign didn’t weigh in. But the candidate countered the notion that he’s a moderate during a candidate forum in Charleston, S.C.

“I don’t know whether in a minute I can convince you, but I have a conservative record,” Romney told an undecided voter who suggested he governed as a moderate in Massachusetts.

Even with the backing of many conservative leaders, Santorum faces big challenges.

He surged late in Iowa, lifted by eleventh-hour endorsements by ministers, including some who had once considered asking the once overlooked former senator to quit the race to help conservatives coalesce.

Santorum ended up narrowly losing to Romney in Iowa before faring poorly in New Hampshire. He has aggressively campaigned in South Carolina, visiting almost 30 times and has networks of supporters in almost all of the state’s counties. He’s had an influx of cash, reportedly raising $3 million this week, but still woefully short of Romney’s war chest.

South Carolina’s Republican voters are some of the nation’s most conservative.

In exit polling from the 2008 Republican presidential contest, 60 percent of the state’s primary voters said they were born-again Christians. Romney, whose Mormon faith is not considered a Christian denomination by some in South Carolina, carried just 11 percent of their votes four years ago, fewer than his 15 percent tally nationwide. Mormons consider themselves Christians.

On Saturday, Santorum sought to capitalize on the momentum by making direct appeals to evangelical conservatives, like many of those at the Country Ham House in Greenville. Despite his efforts, concerns persisted about the strength of his candidacy.

“As far as his values and principles, he stands for everything I do,” said Brock Stevens, a Greenville Republican who left Santorum’s event there ready to support him. “But honestly, I worry about his viability against Obama.”

___

Associated Press writers Rachel Zoll, Charles Babington, Julie Pace and Laurie Kellman contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20120115/ap_on_el_pr/us_santorum

cotto vs margarito miguel cotto cotto ncaa bowl games bowls brooke mueller herman cain