Thursday, April 11, 2013

NC dad dug for buried children until he couldn't breathe

STANLEY, N.C. (AP) ? For Jordan Arwood, the images return in waves. A wall of dirt collapsing and burying his 6-year-old daughter and her 7-year-old cousin in a pit he was working on. Rescue workers frantically pulling the children from thick red clay. Their lifeless bodies placed in the back of an ambulance.

"When she came out of the hole she was so cold," Arwood, of Stanley, N.C., told The Associated Press in his first news media interview. "I just wanted for her to be warm. I just wanted to put my arms around her and tell her she would be safe....I promised her I'd keep her safe. I promised them I'd keep them safe and warm. I broke that promise."

The 31-year-old Arwood was operating a backhoe Sunday night in the pit when the walls caved in on the children. The bodies of the two young cousins, Chloe Jade Arwood and James Levi Caldwell, were dug out Monday morning.

Arwood is the girl's father. His parents, Nancy and Ken Caldwell, had adopted the boy, his twin sister Jazmin and 9-year-old brother Josiah. Arwood lives next to his parents and the pit was on his property.

Arwood told the AP he reached out to save the children but they were just outside his grasp. He said he dug faster and faster trying to rescue them until he couldn't breathe.

"When the wall came down, I kept grabbing what was in front of me ? grabbing enough dirt, grabbing boulders. ... I wasn't going to stop until I pulled them out. But I couldn't save them," he said, sobbing.

He paused for a moment.

"I wish it was me,' he said.

Lincoln County Sheriff's Office Detective Lt. Tim Johnson said investigators were interviewing family members and neighbors about the case. When they finished, they planned to present their findings to the district attorney's office.

Investigators described the pit as 20 feet by 20 feet, with a sloped entrance leading down to the 24-foot bottom. The children were at the bottom of the pit retrieving a child-sized pickaxe when the walls fell in on them. No permits had been issued for Arwood to dig on the site.

Johnson said investigators still don't know why Arwood was digging the hole and that people have speculated that the pit was everything from a "doomsday bunker" to an underground structure for "illegal activity," such as growing marijuana.

But Arwood said he was building a rammed earth home, an ancient building method where dirt is used to shape the foundation. Arwood said he had been digging for three months.

Sheriff's deputies on Monday removed guns and a marijuana plant from Arwood's mobile home. Arwood is a felon who is not allowed to have guns. He was convicted in 2003 for possession of a controlled substance with intent to sell.

Dion Burleson, spokesman for the Denver Fire Department, which responded to collapse, said crews filled in the pit Monday.

Arwood said he didn't expect the walls to collapse. And late Tuesday afternoon, Arwood walked to the site of the pit and pointed to the spot where his daughter and James had been buried under the dirt.

He reached down and sifted the dirt between the fingers of his right hand. Then he punched the soil in frustration.

As the walls fell in, he recalled, the children were running to get away. He was within inches of grabbing his daughter's hand. But she disappeared under a surge of dirt. Now he's haunted by the memories.

"I want to wake up. I just want to wake up," he said.

Recalling the children, his eyes brighten. They were always running around together ? the best of friends.

And his parents' house was filled with laughter. He taught his daughter and James how to ride four-wheelers in the backyard.

Arwood was like a big brother to James.

"How many times did I have to tell him to brush his teeth? I'll never be able to tell him again, 'Go brush your teeth, brush your hair.' That was the first thing he did in the morning," he said.

On Tuesday, friends and family in this tight-knit rural community came by to offer their condolences. They brought food to the family.

Ken Caldwell sat on a couch, surrounded by photos of his grandchildren. Nearby was a white karate suit. James is going to be buried in it. He was just a few days shy of taking a test for his orange belt.

Caldwell, who worked 34 years in a steel fabrication plant, recalled reading Tom Swift books every night to James, a bright, energetic first-grader with a big smile.

He loved his grandmother, who would tuck him in every night. "After she tucked him in, he would stick out his leg out of the covers and say, "Grandma, my foot's not covered.'"

Chloe was always running around the house and jumping in his lap.

"She's so beautiful," he said.

When he saw the children's bodies in the ambulance, he said he placed his hands on them and asked God to "bring them back."

While his prayers went unanswered, his faith is still strong ? and he's going to use it to carry him through the tough times.

"You have to trust the Lord," he said. "I'm just grateful I had time to spend with my grandkids."

Source: http://news.yahoo.com/nc-man-says-tried-save-kids-buried-dirt-082249026.html

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Illinois Democrat Robin Kelly easily wins House seat

By Renita D. Young and Mary Wisniewski

CHICAGO (Reuters) - Gun control supporter Robin Kelly, a Democrat, easily won election to a Chicago-area U.S. House seat on Tuesday, taking a spot left vacant by the resignation of former Congressman Jesse Jackson Jr., who pleaded guilty in February to misusing campaign funds.

With 90 percent of precincts reporting, Kelly had 80 percent of the votes in the suburbs and 92 percent of the votes in the city, according to the city and county board of elections, easily defeating her nearest opponent, Republican Paul McKinley.

Kelly, a former Illinois state representative, was supported in the Democratic primary by more than $2 million in television ads highlighting the gun control issue bankrolled by New York Mayor Michael Bloomberg. Winning the Democratic primary is nearly a guarantee of winning the election in the heavily Democratic district.

"We not only won an election, we took on the NRA, we gave a voice to the voiceless, and we put our communities on a brand new path to a brighter day," Kelly said in prepared remarks. Kelly was referring to the National Rifle Association, which strongly opposes most forms of gun control.

McKinley's campaign did not immediately return a call seeking comment and the candidate's website and Facebook page had no recent updates.

The Chicago primary was the first U.S. electoral test since gun control rose to the top of the political agenda after a gunman killed 26 people at an elementary school in Newtown, Connecticut, in December.

Since that massacre, which took the lives of 20 school children, President Barack Obama has pushed Congress to pass tighter gun restrictions.

Kelly highlighted Chicago's rash of murders from a surge in gang violence ravaging poor neighborhoods. The shootings have claimed the lives of dozens of young people, including Hadiya Pendleton, a high school student who was killed just over a week after she performed at Obama's inauguration.

Pendleton's parents were at Kelly's victory party Tuesday evening.

Jackson resigned last November citing health problems and pleaded guilty in federal court in February to using campaign funds for personal enrichment.

(Reporting by Mary Wisniewski and Renita D. Young; Editing by Cynthia Johnston and Lisa Shumaker)

Source: http://news.yahoo.com/early-returns-show-wide-lead-kelly-illinois-seat-010257108.html

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Insight: Pakistan's booming market no black and white matter

By Katharine Houreld

KARACHI (Reuters) - Pakistan's chaotic financial heart is home to 18 million people, Taliban bombers, contract killers - and one of the world's most successful stock markets.

With 49 percent returns in 2012, the Karachi Stock Exchange (KSE) was one of the five best performing markets in the world. Now it is seeking a foreign partner to buy a stake and take over management of a market that has risen three-fold over the past four years.

At least some of that performance came on the back of a government amnesty that allowed people holding undeclared assets or "black money" to invest it freely in the market. And the relatively illiquid market has also been vulnerable to manipulation.

But government officials say the market's success highlights the economic potential of a country better known for spiraling sectarian violence, the war against al Qaeda and the Taliban, crippling power cuts and entrenched corruption.

The market's benchmark index continues to soar to record highs -- up 10.34 percent year to date -- fueled in part by expectations May elections will mark Pakistan's first transfer of power from one democratic government to another. Previous civilian governments were all dismissed by Pakistan's ultimate power: the military.

"Pakistan has a lot to offer investors and this is our chance to show it," said Nadeem Naqvi, the KSE chairman. He plans to embark on a series of roadshows for potential foreign partners that will take him to London, Frankfurt and Hong Kong in the coming months.

Many of the companies listed on the KSE offer double-digit returns, low stock prices and resilient business models in this frontier market with a population of 180 million. The index still has an attractive price/earnings ratio of $8.50 despite the soaring returns of the past few years.

Pakistan now has a 4 percent weighting in the MSCI Frontiers Market Index and has become somewhat of a discovery for foreign investors chasing new markets and yields.

THE SEAMIER SIDE

But the KSE's spectacular rise last year can at least be partly attributed to another factor entirely - the cleansing of "black money".

The market took off last year just as a government decree was finalized allowing people to buy stocks with no questions asked about the source of the cash. Average daily volume more than doubled last year to 173 million shares from 79 million in 2011.

Authorities say the measure will bring undocumented funds into the tax net in a country where few pay taxes. But some critics decried it as a gift to corrupt officials and criminals seeking to launder dirty cash.

"Politics and dirty money go hand in hand in Pakistan," said Dr. Ikramul Haq, a Supreme Court lawyer and a professor on tax law.

"People want to be outside the regulatory framework and outside the tax net."

The black money amnesty also drew attention to the seamier side of the Karachi stock market. Interviews with regulators, brokers, market officials and analysts showed insider trading and other manipulations are routine. Regulators have been largely ineffectual in controlling the shady practices.

The Securities and Exchange Commission of Pakistan (SECP) said it found 23 violations of securities laws that merited fines in fiscal year 2011-12 (April/March). The market regulator sent warning letters in another 19 cases, it said in its annual report. (http://www.secp.gov.pk/)

That's a drop in the bucket, says Ashraf Tiwana, dismissed as head of SECP's legal department after years of clashes with his bosses over fraud in the market. He has petitioned the Supreme Court to replace the SECP chairman and commissioners.

"There's a lot of fraud, a lot of market manipulation ... but not enough action has been taken, especially not enough criminal action has been taken," Tiwana told Reuters. "They're just passing small fines and giving out warning letters."

Regulators are too close to the market, Tiwana said. The head of the stock exchange is a former broker and the two top members of the SECP are former employees of Aqeel Karim Dhedhi, founder of one of the country's biggest brokerage houses.

BIG DHEDHI

Nicknamed "Big Dhedhi" for his ability to move markets, Aqeel Karim Dhedhi heads one of Pakistan's largest domestic conglomerates, the AKD Group.

Lately, the well-known philanthropist and leading member of Pakistan's business establishment has been trying to fend off arrest over allegations of insider trading.

An SECP investigator accused traders, including Dhedhi's brokerage, of buying shares in a state-run Sui Southern Gas Co before an official announcement allowing the company to raise its prices. In the weeks before Sui Southern's announcement, the stock price jumped from 13.5 rupees to 20 rupees, its biggest hike in five years.

The National Accountability Bureau, the state-run anti-corruption agency, called it a case of insider trading. But the SECP said its own confidential investigation showed no evidence of fraud. The SECP whistleblower in the case has been suspended from her job for disclosing "confidential information".

Dhedhi strongly denied any wrongdoing and said he purchased his gas stocks years before the announcement.

"There is nothing there. The (SECP) report totally cleared us," said Dhedhi, a burly man wearing a traditional long cotton shirt and baggy pants. "I'm proud to say that in more than 40 years of operating, we've never paid a penny in fines."

Dhedhi says he often offers advice to government officials on financial policy. His business empire includes two equity funds that were among the best performing in Asia in 2012.

"The SECP has really started listening to the market," Dhedhi said, a suited executive acting as translator.

REVOLVING DOOR

Dhedhi remains under investigation. But even if regulators were to find him guilty of insider trading, past practice shows he would likely get a slap on the wrist. The SECP's fines are almost always a fraction above the amount of money made in the stock manipulation, and sometimes even less.

In December, a broker was fined half the amount he made from trades that manipulated the share price of tobacco giant Philip Morris. In February, the SECP fined Pakistani brokerage BMA Capital $500,000 - after it made $460,000 by misleading a foreign client. BMA Capital has appealed.

Imtiaz Haider, the SECP commissioner in charge of market regulation, acknowledged fines were largely symbolic. If they were too high, he said, brokers might not be willing to pay them. Contesting fines in the congested court system could take years.

"The purpose is more to name and shame," Haider said in an interview. "It causes them reputational damage."

Like KSE Chairman Nadeem Naqvi, Haider is a former employee of Dhedhi's. Both men denied any conflict of interest.

"It's important to have people in charge who know the way markets work," Haider said. "I've had lots of other jobs than just working for Dhedhi."

The SECP can revoke licenses, impose hefty fines, or open criminal cases against offenders. But it almost never does. It has launched only 10 criminal cases in the past five years - all still held up in the judicial backlog. It has issued dozens of small fines.

"We have great laws and regulations but they are not properly enforced," said Khalid Mirza, a former SECP chief. "The SECP is just catching the small fish as far as I can see."

Naqvi, the KSE head, acknowledged his priority has been to boost the market, not to crack down on it.

"My management style isn't confrontational because I want to build confidence in the market," he said.

Separating the commercial and the regulatory functions of the market is one of the main reasons the KSE is looking for a foreign partner. It has appointed Deutsche Bank as its advisor on its quest to demutualise - a process that will separate those two functions.

"Demutualization is another step on the road to reform," Naqvi said. "Right now we have a fairly robust system. But I'm not saying its foolproof."

BLACK TO WHITE

The Karachi market's small size and lack of liquidity make it vulnerable to manipulation. Market capitalization is only $41.5 billion - the Bombay stock market's capitalization is more than 10 times higher at $578 billion.

Only a quarter of the shares are freely floated - about 30 percent of that is held by foreign funds and investors, including Franklin Templeton, Invesco Ltd, Goldman Sachs Asset Management and Mackenzie Financial Corporation.

Since only 60 of KSE's 600 listed companies trade regularly, small trades can rapidly make a big difference in a company's share price.

Boosting volumes on the exchange was one of the intentions behind Pakistani President Asif Ali Zardari's decree last April turning black money into white.

It said no questions could be asked by the Federal Board of Revenue about the source of funds invested in stocks till July 2014. The investments become legally legitimate.

The pool of such funds is potentially huge. A report by the United Nations Office on Drug and Crime projected the size of Pakistan's informal or "black" economy at $34 billion in 2010-11, one-fifth of the formal economy.

The Paris-based Financial Action Task Force, which monitors money laundering, said the decree did not contravene Pakistan's existing anti-money laundering legislation. But anecdotal evidence suggests controls are lax.

In one case shown to Reuters by a lawyer, a man invested $10 million buying stocks in a single transaction. His address: a Karachi slum notorious for Taliban infiltration.

(Additional reporting by Abhishek Vishnoi in Mumbai, India; Editing by Bill Tarrant)

Source: http://news.yahoo.com/insight-pakistans-booming-market-no-black-white-matter-210635962--sector.html

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Otterbox Commuter case for the HTC One

Otterbox Commuter for HTC One.

Does one of the biggest names in smartphone protection turn a sexy piece of silver into a tank? Let's find out

Ever think about buying a Corvette and then wrapping it in the shell of an Abrams tank? That's often what you think about when you take the latest and greatest Android smartphone and put it inside an Otterbox case. But you're not buying an Otterbox for sex appeal alone, right? You're buying it because it protects your phone. Period.

So we've got the HTC One. And we've got the Otterbox Commuter case, with its rubber sleeve and hard, outer plastic shell. Beauty and the beast? We've got a quick look, after the break.

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Source: http://feedproxy.google.com/~r/androidcentral/~3/JSDTaQ6Le7w/story01.htm

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Wednesday, April 10, 2013

Google Play Music now available in Australia

Google Play Music

Australians can now listen to their favorite music both on the web and their Android device with Google Play Music

Google has flipped their magic switch and made Google Play Music alive and well in the land down under. Users can buy music from Google Play on either the web or their Android device, and the cloud associated with their Google account will hold up to 20,000 of a users own music. The streaming service is available to 10 devices at a time, and the settings on the web version can be used to authorize and deauthorize devices.

The addition of Music means all Google Play services -- apps, games, books, movies, magazines and music -- are now available in Australia. You can find Google Play Music on the web right here, and download the application to your Android device via the Google Play link above.

Source: Google Australia

    


Source: http://feedproxy.google.com/~r/androidcentral/~3/eCEmH1H5jsY/story01.htm

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The Menagerie

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The Menagerie

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