ISAF NEWS FROM AFGHANISTAN FOR MAY 31, 2013

 

U.S. Army Staff Sgt. Ray Perez-Rosa patrols through a field toward an observation point to counteract indirect fire near Combat Outpost Baraki Barak in Afghanistan’s Logar province, May 21, 2013. Perez-Rosa, an infantryman, is assigned to the 3rd Infantry Division's 6th Squadron, 8th Cavalry Regiment, 4th Infantry Brigade Combat Team. U.S. Army photo by Sgt. Julieanne Morse

FROM: U.S. DEPARTMENT OF DEFENSE
Combined Force Arrests Taliban Facilitator in Balkh Province
From an International Security Assistance Force Joint Command News Release

KABUL, Afghanistan, May 31, 2013 - A combined Afghan and coalition security force arrested a Taliban facilitator in the Chimtal district of Afghanistan's Balkh province yesterday, military officials reported.

The facilitator handles movement of explosives and weapons for attacks against Afghan and coalition forces. He also collects illegal taxes from civilians to pay for weapons and controls a cell responsible for numerous attacks in the area.

In other Afghanistan operations yesterday:

-- A combined force in Kandahar province's Khakrez district killed an enemy fighter during a search for a senior Taliban leader who directs and executes attacks against Afghan and coalition forces. He also teaches other insurgents how to make roadside bombs, distributes vests for suicide-bomb attacks, and coordinates the distribution of bombs, weapons and equipment for Taliban groups in the province.

-- In Logar province's Khoshi district, a combined force killed an enemy fighter during a search of a Haqqani network leader who coordinates and directs attacks against Afghan and coalition forces. He also controls several Haqqani groups in the area and has directed assassinations of local Afghans.

-- A combined force in Paktia province's Zurmat district wounded an enemy fighter during a search for a Haqqani network leader responsible for kidnappings for ransom and for attacks against Afghan and coalition forces.

President Obama Speaks on College Affordability | The White House

President Obama Speaks on College Affordability | The White House

The taste of beer

The taste of beer

ARMY SGT. AIDS TORNADO VICTIMS

Army 1st Sgt. Michael Treanor poses next to his emergency response vehicle while performing equipment maintenance after the May 20, 2013, tornado response in Moore, Okla. U.S. Army photo by Sgt. Christopher Bruce

FROM: U.S. DEPARTMENT OF DEFENSE
Face of Defense: Soldier Taps Experience to Aid Tornado Victims
By Air Force Airman 1st Class Kasey Phipps
137th Air Refueling Wing

MOORE, Okla., May 28, 2013 - Oklahoma is known for its volatile weather and tornadoes, prompting state officials to dedicate countless hours toward educating and preparing its citizens for when disaster strikes.

Unpredictable events in Oklahoma are not, however, confined to weather. Its history remains shadowed by the tragedy of the Alfred P. Murrah Federal Building bombing on April 19, 1995, in which 168 people lost their lives.

However, Oklahoma has gained perhaps a stronger reputation for the resilience of its people and their ability to come together as one to rebuild communities stricken by disaster.

Today, Oklahomans once again are picking up the pieces left scattered by the devastating May 20 tornado that left a 17-mile long path of destruction and resulted in 24 deaths, 10 of which were children.

Army 1st Sgt. Michael Treanor of the Oklahoma National Guard's 63rd Civil Support Team relies on his firsthand experience with tragedy to aid and comfort the tornado's survivors.

On the morning of the Murrah building bombing, Treanor's parents, LaRue and Luther Treanor, took his step-daughter, Ashley, into the Social Security Administration office for a routine appointment to settle some paperwork. After the appointment, their plan was to take Ashley to lunch and walk around the city. When the fateful blast happened, only a single glass pane separated them from the detonation.

At the time, Treanor was a member of an Army National Guard unit in Ponca City, Okla., but they had not yet been tasked to assist in recovery efforts.

"It's hard to sit on the sideline," he said. "It was one of those things where it was just like, 'There has got to be something more.' So, in 2000, when I heard about the civil support teams being created and their mission, I decided at that point it was a job I had to have at some time in my life. So I've kind of been working to get to where I am ever since then."

Now, as a safety officer for the 63rd CST, Treanor is able to get on the ground with his team members, who are trained to respond to a number of emergency scenarios, including search and rescue and the control of hazardous materials. They also have communications on the ground to track National Guardsmen and other emergency responders.

"I'm trained to be a first responder. If something happens, it's a guarantee that my team will be involved and I really take a lot of satisfaction in that," he said. "It means a lot to me."

He understands the need to help, especially those who are from his native Oklahoma. But he also understands the emotional toll disasters have on his fellow citizens.

"The loss, the pain, the confusion as to what to do -- we went through all of that," Treanor said. "You never completely forget or get over that loss; you just learn to deal with it. In doing that with our family, it's helped us to help other people. It's been a really educational experience for me."

He again witnessed the unification of Oklahomans and their overwhelming generosity in the aftermath of the May 20 tornado, even as those affected sift through the rubble to recover whatever belongings that might help return them to normalcy.

"There was a lot of professionalism and courtesy to the victims," he said. "I think every time a sad event like this happens, we learn something from it and improve on it."

As disaster and tragedy continue to befall Oklahomans, each instance provides a little more experience and strength to use the next time disaster strikes.

Oklahoma has used the recent tornado and past disasters to build a unified and unfaltering resilience to support both the physical efforts and the emotional needs left by the damage.

"When it happens again, because Oklahoma means tornadoes, we will be even better prepared to respond," Treanor said.

West Wing Week: 05/31/13 or "Greetings from Asbury Park" | The White House

West Wing Week: 05/31/13 or "Greetings from Asbury Park" | The White House

NSF UNVEILS LOOK AT DAM DAMAGE TO RIVER IN CHINA

 

The Salween Delta from space (south is to the upper left). From NSF-Wikimedia Commons.

FROM: NATIONAL SCIENCE FOUNDATION
Small Dams on Chinese River Harm Environment More Than Expected
A fresh look at the environmental impacts of dams on an ecologically diverse and partially protected river in China found that small dams can pose a greater threat to ecosystems and natural landscapes than large dams.

Large dams have been considered more harmful than their smaller counterparts.

But researchers' surveys of habitat loss and damage at several dam sites on the Nu River and its tributaries in Yunnan Province revealed that the environmental effects of small dams are often greater--sometimes by several orders of magnitude--than of large dams.

"Small dams have hidden detrimental effects, particularly when effects accumulate" through multiple dam sites, said Kelly Kibler, a water resources engineer who led the study while at Oregon State University.

"That's one of the main outcomes, to demonstrate that the perceived absence of negative effects from small hydropower is not always correct."

She and Desiree Tullos, also a water resources engineer at Oregon State, report their findings in a paper accepted for publication in Water Resources Research, a journal of the American Geophysical Union (AGU).

"These researchers have taken advantage of what is essentially a natural experiment that allowed them to compare the effects of hydroelectric dams of different sizes," said Tom Baerwald of the National Science Foundation's (NSF) Directorate for Social, Behavioral & Economic Sciences, which co-funded the research with other NSF directorates. "The results are applicable beyond this region."

To compare the effects of small and large dams, Kibler investigated 31 small dams built on tributaries to China's Nu River and four large dams proposed for the main stem of the Nu River.

She assessed the environmental effects of these dams in 14 categories--including the area and quality of habitat lost, the length of river channel affected, the amount of conservation land affected, and the landslide risk.

Because information regarding large dams is restricted under the Chinese State Secrets Act, Kibler modeled the potential effects of the four large dams using publicly-available information from hydropower companies, development agencies, and academic literature.

After evaluating data from the field, hydrologic models, and Environmental Impact Assessment reports on the small dams, Kibler and Tullos concluded that effects of the small dams exceeded those of large dams on nine out of the 14 characteristics they studied.

One particularly detrimental effect of the small dams is that they often divert the flow of the river to hydropower stations, leaving several kilometers of river bed dewatered, Kibler said.

From its headwaters in the Tibetan Plateau, the Nu River flows through China, Myanmar (Burma) and Thailand.

"While the number of small hydropower dams in operation or planned for tributaries to the Nu River is unreported," the authors state in their paper, "our field surveys indicate that nearly one hundred small dams currently exist within Nujiang Prefecture alone."

Thirteen large hydropower dams are proposed for the mainstem of the Nu River in Tibet and Yunnan Province in China.

Environmental, social, and economic factors make the Nu River basin extremely sensitive to hydropower installations.

In addition to supporting several protected species, the region is home to a large proportion of ethnic minorities and valuable natural resources, the authors report.

While large hydropower projects are managed by the central government, and both large and small hydropower projects undergo environmental impact assessments, decisions about small hydropower projects are made at a provincial or other regional level and often receive less oversight, Kibler and Tullos state.

The lack of regulation paired with a dearth of communication between small dam projects in China allows for the effects to multiply and accumulate through several dam sites, the authors write.

To mitigate the detrimental effects of small dams, there's a need for comprehensive planning for low-impact energy development, said Kibler and Tullos.

"The lack of analyses of the cumulative effects of small hydropower," Kibler said, "is a significant research gap with important policy implications."

-NSF-

U.S., SAUDI ARABIA SIGN OPENS SKIES AGREEMENT

FROM: U.S. DEPARTMENT OF STATE
United States and Saudi Arabia Sign Open Skies Air Transport Agreement
Media Note
Office of the Spokesperson
Washington, DC
May 28, 2013
　

Today in Jeddah, Saudi Arabia, U.S. Ambassador James B. Smith and Saudi Arabia’s Deputy Director of the General Authority of Civil Aviation, Dr. Faisal bin Hamad Al-Sugair, signed an Open Skies air transport agreement.

The United States-Saudi Arabia Open Skies agreement will, following a transition period, permit unrestricted air service by the airlines of both countries between and beyond the other’s territory, eliminating restrictions on how often the carriers fly, the kind of aircraft they use and the prices they charge. This agreement will allow for the strengthening and expansion of our strong trade and tourism links with Saudi Arabia, benefitting U.S. and Saudi Arabian businesses and travelers by expanding opportunities for air services and encouraging vigorous price competition by airlines, while preserving our commitments to aviation safety and security. It has been applied on the basis of comity and reciprocity since it was initialed on April 18, 2011.

The United States has over 100 Open Skies agreements with partners around the world and at all levels of development.

THE FUTURE OF U.S. SPECIAL OPERATIONS COMMAND

 

U.S. Special Operations Command works to ensure operators have the tools they need not only for today's missions, but also for those they will confront in the future. Here, a special operations forces member attached to Special Operations Task Force Southeast fires an AT-4 shoulder-fired rocket launcher on the heavy weapons firing range at a base in the Tarin Kowt district of Afghanistan's Uruzgan province, Aug. 22, 2012. U.S. Navy photo by Petty Officer 2nd Class James Ginther

FROM: U.S. DEPARTMENT OF DEFENSE
Socom Strives to Meet Current, Future Operator Requirements
By Donna Miles
American Forces Press Service

TAMPA, Fla., May 29, 2013 - Navy Adm. William H. McRaven, the commander of U.S. Special Operations Command, is quick to point out what he calls one of the special operations forces' most universal truths -- that "people are more important than hardware."

But as the military's most elite commandos take on some of the most challenging missions around the globe, McRaven said, he's committed to ensuring they have everything they need to succeed.

"It is my job to provide [geographic combatant commanders and chiefs of mission] the best special operations force in the world," he told Congress earlier this year.

The broad range of special operations missions -- from dramatic raids like the one that took down Osama bin Laden to lower-profile training missions designed to build partner nation capacity -- demands the best "enabling capabilities" possible, he said.

Special operators require many of the same enablers as their conventional-force brethren: mobility, lethality, situational awareness provided by intelligence, surveillance and reconnaissance, and survivability, McRaven said. But due to the unique nature of their missions -- often highly sensitive and conducted with little notice -- they also have unique equipment and service requirements, he added.

Congress recognized that when establishing Socom in 1987, James Cluck, the command's acquisition executive, told American Forces Press Service. So as part of the initial legislation, Congress granted the new command special acquisition authorities that enable it to respond directly -- and more quickly -- to its operators' needs.

More than 25 years later, Socom remains the only U.S. combatant command with these authorities. The others, with forces from all four services, have to work through three different service acquisition systems to satisfy their requirements.

"Here, we have it all under one system, and we have one commander vetting and deciding what we are going to field and what the priority is going to be," Cluck said. "So the benefit is immense."

Cluck was quick to note broad misconceptions about Socom's acquisition function. "We have to follow the same rules and laws as everybody else does, and we are subject to the same policies as the rest of the department," he said.

What's different, Cluck said, is that Socom typically takes the larger, big-ticket systems the military services develop -- aircraft, vehicles, vessels and weapons systems, among them -- and adapts them for its operators' needs.

One example is the new CV-22 Osprey aircraft developed by the Navy and Air Force that Socom is modifying for its uses. Socom also has contracted to modify seven additional CH-60 helicopters into special-operations-capable MH-60 models during fiscal year 2013.

"Clearly the mission for a special operator is different than that of a conventional operator," Cluck said. Stealthy infiltrations, for example, require aircraft able to fly at lower altitudes and speeds, with the necessary terrain-following radars to support those missions.

"I am not building an airplane from the ground up, and going through all the oversights and testing aspects that go into that," Cluck said. "What I do is get that aircraft from the service and then modify it to our requirements."

This process, even with the associated developmental and operational testing, significantly reduces the time it takes to field the capability, he said.

And for requirements not already in the conventional forces' inventory, Socom has authority to buy them off the shelf, or it can contact industry to develop them, he said.

For the most part, the systems Socom develops itself are lower-cost than the major systems fielded by the Army, Navy, Air Force and Marine Corps. Despite strict oversight requirements that apply to all Defense Departments acquisitions, they aren't subject to the level of scrutiny associated with major DOD acquisition programs, thus avoiding resultant delays.

Socom currently is selecting the source for a new ground mobility vehicle that's lighter and easier to transport by helicopter than the Humvee. The command recently awarded two prototyping contracts for foreign shipyards to build a class of submersible combat vehicles, and expects delivery of the first craft by the end of fiscal 2014.

In addition, Socom recently awarded a contract to Remington to develop a new precision sniper rifle.

"What we are looking for is, 'What is the next technology to allow our folks to be able to operate even better?'" Cluck said.

But another big factor in streamlining Socom's acquisition process is access to all the key players. That includes the operators themselves, the special operations acquisition community that supports them and the decision-makers empowered to give a proposal a yea or nay.

"One of the big advantages for us is that we are all here in one place," said Cluck, who's assigned to Socom's headquarters staff and the Special Operations Research, Development, and Acquisition Center at MacDill Air Force Base here.

"You generally can't say that about the services," in which acquisition authorities and responsibilities commonly cross multiple senior-level organizations spread across multiple states, he said.

Being on one campus gives Cluck direct reach across the organization and promotes immediate responses and close interaction, he said. Everyone associated with a project -- from establishing requirements to contracting out projects and overseeing their progress -- works together under one roof.

"We can rapidly make a decision, because we have processes in the headquarters that if a [theater special operations command] or an operational component have an immediate combat or mission requirement, we can meet and make a decision on that need within days," Cluck said. "If the command validates a requirement, we are rapidly able to move through our contracting processes to satisfy that."

Members of the Acquisition Center are cautioned against "falling in love with a requirement" when it makes sense to field the "80-percent solution," Cluck said. They also understand when it's necessary to shift gears or to abandon a program altogether when priorities or requirements change.

"We need to listen to what the operational demands are and respond to the priorities the command establishes in a budgeting sense to meet those demands," Cluck said.

"The entire Acquisition Center has a focus on the operator and the requirement, ... recognizing that whatever they need us to do is what we are going to put our talents against," he said.

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT FOR WEEK ENDING MAY 25, 2013

SEASONALLY ADJUSTED DATA



In the week ending May 25, the advance figure for seasonally adjusted initial claims was 354,000, an increase of 10,000 from the previous week's revised figure of 344,000. The 4-week moving average was 347,250, an increase of 6,750 from the previous week's revised average of 340,500.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending May 18, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 18 was 2,986,000, an increase of 63,000 from the preceding week's revised level of 2,923,000. The 4-week moving average was 2,986,500, a decrease of 11,500 from the preceding week's revised average of 2,998,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 317,732 in the week ending May 25, an increase of 13,653 from the previous week. There were 346,260 initial claims in the comparable week in 2012.

The advance unadjusted insured unemployment rate was 2.2 percent during the week ending May 18, an increase of 0.1 percentage point from the prior week's unrevised rate. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,792,143, an increase of 15,423 from the preceding week's revised level of 2,776,720. A year earlier, the rate was 2.4 percent and the volume was 3,060,148.

The total number of people claiming benefits in all programs for the week ending May 11 was 4,578,592, a decrease of 166,659 from the previous week. There were 6,138,246 persons claiming benefits in all programs in the comparable week in 2012.

Extended Benefits were not available in any state during the week ending May 11.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,066 in the week ending May 18, a decrease of 405 from the prior week. There were 2,063 initial claims filed by newly discharged veterans, a decrease of 66 from the preceding week.

There were 17,311 former Federal civilian employees claiming UI benefits for the week ending May 11, a decrease of 1,038 from the previous week. Newly discharged veterans claiming benefits totaled 35,330, a decrease of 827 from the prior week.

States reported 1,726,659 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending May 11, a decrease of 50,027 from the prior week. There were 2,618,445 persons claiming EUC in the comparable week in 2012. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending May 11 were in Alaska (4.9), Puerto Rico (4.5), New Jersey (3.1), New Mexico (3.1), Connecticut (3.0), California (2.9), Pennsylvania (2.9), Nevada (2.8), Oregon (2.8), Illinois (2.7).

The largest increases in initial claims for the week ending May 18 were in South Carolina (+1,263), Tennessee (+1,191), Missouri (+785), Michigan (+634), and Massachusetts (+610), while the largest decreases were in California (-16,334), Georgia (-1,802), Illinois (-1,198), Kentucky (-902), and Ohio (-623).

ISAF NEWS FROM AFGHANISTAN FOR MAY 30, 2013

U.S., Afghan soldiers and Afghan police conduct a presence patrol and resupply mission through Baraki Rajan near Combat Outpost Baraki Barak in Afghanistan’s Logar province, May 22, 2013. U.S. Army photo by Sgt. Julieanne Morse

 FROM: U.S. DEPARTMENT OF DEFENSE
Afghan, Coalition Forces Kill Insurgents in Kunduz
From an International Security Assistance Force Joint Command News Release
KABUL, Afghanistan, May 30, 2013 - A combined Afghan and coalition security force killed three insurgents who opened fire during a search for a senior Taliban leader in the Archi district of Afghanistan's Kunduz province today, military officials reported.
The Taliban leader builds improvised explosive devices and suicide vests for insurgents. He also has directed and coordinated attacks resulting in the deaths of numerous Afghan national security forces personnel.
The security force also seized two assault rifles, a submachine gun, a rocket-propelled grenade launcher and eight rocket-propelled grenades.
In Afghanistan operations yesterday:
-- A combined force in Logar province's Pul-e Alam district arrested six insurgents during two operations in search of a senior Haqqani network leader who plans, facilitates and organizes attacks. He coordinates the movement of weapons and fighters and finances high-profile attack networks active in the Afghan capital of Kabul. He also manages insurgent network personnel decisions.
-- In Paktia province's Zurmat district, a combined force killed an insurgent during a search for a Haqqani network leader who is responsible for kidnapping-for-ransom operations in the area. He also conducts attacks against Afghan and coalition forces.

Remarks by the Vice President on U.S. - Brazil Relations | The White House

Remarks by the Vice President on U.S. - Brazil Relations | The White House

U.S. Department of Defense Armed with Science Update

U.S. Department of Defense Armed with Science Update

FDIC INSTITUTIONS SHOW RECOVERY WITH INCOME INCREASES

FROM: FEDERAL DEPOSIT INSURANCE CORPORATION

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $40.3 billion in the first quarter of 2013, a $5.5 billion (15.8 percent) increase from the $34.8 billion in profits that the industry reported in the first quarter of 2012. This is the 15th consecutive quarter that earnings have registered a year-over-year increase. Increased noninterest income, lower noninterest expenses, and reduced provisions for loan losses accounted for the increase in earnings from a year ago. Half of the 7,019 insured institutions reporting financial results had year-over-year increases in their earnings. The proportion of banks that were unprofitable fell to 8.4 percent, from 10.6 percent a year earlier.

FDIC Chairman Martin J. Gruenberg said: "Today's report shows further progress in the recovery that has been underway in the banking industry for more than three years. We saw improvement in asset quality indicators over the quarter, a continued increase in the number of profitable institutions, and further declines in the number of problem banks and bank failures. However, tighter net interest margins and slow loan growth create an incentive for institutions to reach for yield, which is a matter of ongoing supervisory attention."

The average return on assets (ROA), a basic yardstick of profitability, rose to 1.12 percent from 1.00 percent a year ago. This is the highest quarterly ROA for the industry since the 1.22 percent posted in the second quarter of 2007.

First quarter net operating revenue (net interest income plus total noninterest income) totaled $170.6 billion, an increase of $2.7 billion (1.6 percent) from a year earlier, as noninterest income increased by $5.1 billion (8.3 percent) and net interest income declined by $2.4 billion (2.2 percent). The average net interest margin fell to its lowest level since 2006. Total noninterest expenses were $5.3 billion (3.9 percent) below the level of the first quarter of 2012. Banks set aside $11 billion in provisions for loan losses, a reduction of $3.3 billion (23.2 percent) compared to a year earlier.

Asset quality indicators continued to improve as insured banks and thrifts charged off $16.0 billion in uncollectible loans during the quarter, down $5.8 billion (26.7 percent) from a year earlier. The amount of noncurrent loans and leases (those 90 days or more past due or in nonaccrual status) fell by $15.7 billion (5.7 percent) during the quarter, and the percentage of loans and leases that were noncurrent declined to the lowest level since 2008.

Financial results for the first quarter of 2013 are contained in the FDIC's latest Quarterly Banking Profile, which was released today. Also among the findings:

Total loan balances posted a seasonal decline. Loan balances fell by $36.8 billion (0.5 percent) in the first quarter, as credit card balances declined by $35.9 billion (5.2 percent). Balances also fell in home equity lines (down $16.0 billion, or 2.9 percent), other 1-4 family residential real estate loans (down $18.3 billion, or 1 percent), and agricultural production loans (down $7.2 billion, or 10.7 percent). The declines in credit card balances and agricultural loans reflect seasonal factors. Loans to commercial and industrial borrowers increased by $24.8 billion (1.6 percent), while loans to depository institutions rose by $17.5 billion (17.2 percent). For the 12 months through March 31, total loan and lease balances were up by $247.7 billion (3.3 percent).

The end of temporary unlimited deposit insurance for noninterest-bearing transaction accounts at year-end 2012 did not lead to large deposit outflows. Total deposits increased by $1.8 billion (0.02 percent), as deposits in domestic offices fell by $20.5 billion (0.2 percent) and foreign office deposits rose by $22.3 billion (1.6 percent). Noninterest-bearing transaction deposits with balances greater than $250,000 fell by $74.9 billion (4.3 percent) during the quarter. Balances in these accounts that were over the $250,000 basic FDIC coverage limit declined by $70.3 billion (4.6 percent).

The number of problem banks continued to decline. The number of banks on the FDIC's "Problem List" declined from 651 to 612 during the quarter. The number of "problem" banks reached a recent high of 888 institutions at the end of the first quarter of 2011. Four FDIC-insured institutions failed in the first quarter, the smallest number since the second quarter of 2008 when two institutions were closed. Thus far in 2013, there have been 13 failures, compared to 24 during the same period in 2012.

The Deposit Insurance Fund (DIF) balance continued to increase. The DIF balance — the net worth of the fund — rose to $35.7 billion as of March 31 from $33.0 billion at the end of 2012. Assessment income was the primary contributor to growth in the fund balance. While the end of unlimited coverage for noninterest-bearing transaction accounts resulted in an 18.7 percent decline in estimated insured deposits in the first quarter, the estimated balances covered by the $250,000 insurance limit rose 2.6 percent during the quarter.

Interview With Doordarshan News

Interview With Doordarshan News

Press Briefing by Press Secretary Jay Carney, 5/29/2013 | The White House

Press Briefing by Press Secretary Jay Carney, 5/29/2013 | The White House

EXPORT-IMPORT BANK GUARANTEES $187 MILLION BOND ISSUANCE TO SUPPORT HELICOPTER SALES

FROM: U.S. EXPORT-IMPORT BANK

Ex-Im Bank Provides $187.4 Million Guarantee for Bond Issuance Supporting Sikorsky Helicopters to Milestone Aviation Group

First Use of Capital-Markets Funding for Ex-Im-Backed Helicopter Exports

Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) is providing a $187.4 million guarantee of a capital-markets bond to finance the export of Sikorsky S-92® helicopters to The Milestone Aviation Group Ltd. of Dublin, Ireland.

The transaction is Ex-Im Bank’s largest financing of US.-manufactured commercial helicopter exports and the agency’s first support of these exports to a helicopter-leasing company.

It is also the first Ex-Im Bank-guaranteed bond issuance in the capital markets to fund helicopter exports. Deutsche Bank Securities was the sole structuring agent and the lead book runner for the bond issuance on May 22. The bond was priced at par to yield 1.87 percent.

The export sale supports approximately 1,500 jobs in the U.S. helicopter industry, according to Ex-Im Bank estimates derived from Departments of Commerce and Labor data and methodology. The S-92® helicopters are being manufactured at Sikorsky Aircraft Corp. facilities in Stratford, Conn., and Coatesville, Pa. Principal subcontractors also involved in the manufacture are Hamilton Sundstrand, Rockwell Collins and General Electric.

"Ex-Im Bank’s capital-markets financing has proven to be a successful way to fund exports of U.S.-made large commercial aircraft. Extending this type of funding to helicopter exports will help support more American jobs and more companies in the very competitive U.S. aerospace industry," said Ex-Im Bank Chairman and President Fred P. Hochberg.

The exports were initially financed by a commercial bridge facility that will be replaced by the funds raised by the issuance of the capital-markets bond. The helicopters are being delivered under a number of separate contracts, both directly with the Milestone Aviation Group and as part of sale-leaseback agreements. The end users are five different Milestone customers, and the S-92® helicopters will be operated in the United Kingdom, Norway and Brazil. Deliveries began in November 2012 and end in May 2013.

"The Sikorsky S-92® is a modern design, heavy-lift rotorcraft that brings economic efficiencies to our operators, and it is a very important part of the oil-and-gas and search-and-rescue market segments. Ex-Im Bank’s capital-markets financing facilitates the business transaction of this large capital investment. This financing vehicle makes the S-92® helicopter an even better fit for our customers," said Bob Kokorda, vice president of Worldwide Sales for Sikorsky Aircraft Corp.

Sikorsky Aircraft Corp. is a global leader in the design, manufacture and service of commercial and military rotary-wing and fixed-wing aircraft. The company has a U.S.-based workforce of approximately 13,000 employees, including 6,630 in Stratford, Conn., and 875 in Coatesville, Pa.

"We are proud to have been selected by Ex-Im Bank as the partner for their largest helicopter financing and the first capital-markets transaction to support the export of U.S.-manufactured helicopters," said Milestone Aviation Group Chairman Richard Santulli. "The support of Ex-Im Bank, and the dedication and professionalism of its Transportation team, has been instrumental in helping us place Sikorsky aircraft internationally and given us the confidence to order more units of the world-class S-92®."

Milestone Aviation Group is the first global aircraft leasing company to focus exclusively on helicopters. Milestone partners with helicopter operators globally and supports them through 100 percent operating-lease financing. The company provides financing for helicopters, serving primarily the offshore oil-and-gas industry as well as search-and-rescue, emergency medical services, police surveillance, mining and other utility missions. Since launching in August 2010, Milestone has acquired more than 90 aircraft valued at more than $1.3 billion and closed leases with 21 operators in 20 countries.

MARINE WITH A SECOND-DEGREE BLACK BELT



Marine Corps Staff Sgt. Jeremy Meadows holds a Marine in a headlock while grappling at Marine Corps Air Station Miramar, Calif., April 22, 2013. A martial arts instructor trainer, Meadows is one of only a few second-degree black belts assigned to the air station. U.S. Marine Corps photo by Lance Cpl. Melissa Eschenbrenner

FROM: U.S. DEPARTMENT OF DEFENSE

Face of Defense: Marine NCO Strives to Lead by Example
By Marine Corps Lance Cpl. Melissa Eschenbrenner
3rd Marine Aircraft Wing

MARINE CORPS AIR STATION MIRAMAR, Calif., May 23, 2013 - In the world's strongest fighting force, only a select few can say they've earned a second-degree black belt in the Marine Corps Martial Arts Program.

Staff Sgt. Jeremy Meadows is one of the few who proudly wear two red tabs here.

Before enlisting in the Marine Corps, Meadows -- a Marine Corps Martial Arts Program instructor trainer with Marine Heavy Helicopter Squadron 462 and a Lubbock, Texas, native -- earned a black belt in taekwondo. When he joined, MCMAP was still new and unknown to many Marines.

During his grey belt training, the challenging physical training and combat conditioning was something that made MCMAP fun, Meadows said.

"I got my green belt instructor tab in 2006," he said. "From that point, I got back to my command and started training Marines, and I fell in love with it. I like being in the dirt with the Marines. I would do that any day of the week."

The course is designed not only to prepare Marines for hand-to-hand combat, but also to add to the quality of the Corps as a whole. MCMAP is based on a synergy of three elements: physical fitness, mental strength and soundness of character.

"I try to style my life around the three synergies," Meadows said. "I just keep that in my mindset and try to better myself that way."

Meadows said he constantly sustains and passes his knowledge to other Marines, noting that it's pointless to have knowledge and skills but not share them with others. "You do know a few things, but what do you have to prove?" he added. "You should use those techniques to help other people."

Meadows wouldn't expect anything out of his Marines that he could not do himself, said Marine Corps Cpl. James Vandling, a green belt MCMAP instructor and a Randolph, N.J., native.

Marine Corps Cpl. Daitoine Austin, an operations noncommissioned officer with HMH-462, said Meadows is the type of Marine his subordinates should strive to be.

"I take a lot from his leadership style," said Austin, who hails from Cleveland. "You don't have many Marines that will go the distance to better Marines. He's not afraid of a challenge, and he's definitely not afraid of change."

Meadows said he uses what he knows as a martial arts instructor trainer and as a staff NCO to better the upcoming generation and ensure the legacy of greatness continues.

"I hope they take bits and pieces of my leadership style and apply it to theirs and strive every day to lead by example," he added. "You have to step in front and show your Marines that you're willing to do everything they do."

JUSTICE DEPARTMENT OFFICAL TESTIFIES BEFORE HOUSE SUBCOMMITTEE

FROM: U.S. DEPARTMENT OF JUSTICE

Acting Assistant Attorney General Mythili Raman Testifies Before the U.S. House Financial Services Subcommittee on Oversight and Investigations

~ Wednesday, May 22, 2013

Chairman McHenry, Ranking Member Green, and distinguished Members of the Subcommittee: Thank you for inviting the Department of Justice to appear before you today to discuss our efforts to combat financial crime. I am pleased to be here and am privileged to oversee the important work of the Criminal Division.

The Justice Department is committed to vigorously investigating allegations of wrongdoing at financial institutions and, along with our many law enforcement partners, holding individuals and corporations to account for their conduct.

Our track record in recent years shows our commitment to pursuing the most challenging and complex financial crime investigations in the country. Over the last three fiscal years alone, the Department has filed nearly 10,000 financial fraud cases against nearly 14,500 defendants. These prosecutions have led to stiff prison sentences for many defendants. Last year, for example, the Criminal Division and the U.S. Attorney’s Office in Houston secured a 110-year sentence for Robert Allen Stanford for orchestrating a 20-year, $7 billion investment fraud scheme – just one of numerous investment fraud schemes the Department has prosecuted in recent years.

We have been just as aggressive in bringing prosecutions involving the manipulation of the markets, as seen by the extraordinary success of the U.S. Attorney’s Office in Manhattan in an unprecedented string of insider trading cases over the last several years.

Our prosecutors and agents also continue to doggedly pursue health care fraudsters. Our Medicare Fraud Strike Force has convicted over 1,000 defendants of felony health care fraud offenses since the Strike Force’s inception, and the average sentence in Strike Force cases is approximately 45 months in prison.

Our fight against foreign bribery, too, is as robust as it has ever been. In just the past two months, we have announced charges against 11 individuals – including corporate executives and employees, and one foreign official – in active Foreign Corrupt Practices Act investigations.

Similarly, our investigation of the manipulation at various banks of interbank lending rates, including LIBOR, has had reverberations across the globe. As detailed in my written statement, the consequences thus far for several multinational banks have been far reaching, ranging from replacement of senior leaders at Barclays, to criminal charges against traders at UBS, to detailed admissions of criminal wrongdoing and the payment of substantial penalties by three global banks, to felony guilty plea agreements by Japanese subsidiaries of UBS and RBS.

As is evident from this track record, we are deeply committed to holding wrongdoers – whether individuals or business entities – to account for their crimes. In our investigations of business entities, in particular, we are guided by firmly rooted Department policy, set out in the U.S. Attorneys’ Manual, which requires our prosecutors to consider a number of factors in determining how and whether to bring charges – including the seriousness of the entity’s conduct, the pervasiveness of the wrongdoing, the extent of the entity’s cooperation with our investigation, and the remedial actions taken by the company.

There has been some discussion in recent months about one of those factors – the potential collateral consequences of charging a corporate entity – and we appreciate your interest in better understanding the extent to which the Department may consider possible collateral consequences of criminal prosecutions against large, complex financial institutions.

The consideration of collateral consequences on innocent third parties, like the other factors we must consider when determining whether and how to proceed against a corporation, has been required by the U.S. Attorneys’ Manual since 2008. But the basic principles underlying that policy have a much longer history at the Department. The first Department-wide guidance on this subject was issued in 1999, and those basic principles have been reaffirmed multiple times since then, including in 2003, 2006, and 2008.

As more fully explained in my written statement, although the factors set forth in the U.S. Attorneys’ Manual, for good reason, inform our prosecutorial decisions, none of those factors, including potential collateral consequences, acts as a bar to prosecution, or has prevented the Justice Department from pursuing investigations and seeking criminal penalties in cases involving large, complex financial institutions. No individual or institution is immune from prosecution, and we intend to continue our aggressive pursuit of financial fraud with the same strong commitment with which we pursue other criminal matters of national and international significance.

Thank you for the opportunity to provide the Subcommittee with this overview of our financial fraud enforcement efforts. I look forward to answering any questions you may have.

TOTAL S.A. WILL PAY $398 MILLION TO SETTLE SEC'S BRIBERY CHARGES REGARDING AN IRANIAN OFFICIAL

FROM: U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C., May 29, 2013 — The Securities and Exchange Commission today charged France-based oil and gas company Total S.A. with violating the Foreign Corrupt Practices Act (FCPA) by paying $60 million in bribes to intermediaries of an Iranian government official who then exercised his influence to help the company obtain valuable contracts to develop significant oil and gas fields in Iran.

The SEC alleges that Total made more than $150 million in profits through the bribery scheme. Total attempted to cover up the true nature of the illegal payments by entering into sham consulting agreements with intermediaries of the Iranian official and mischaracterizing the bribes in its books and records as legitimate "business development expenses" related to the consulting agreements. Total had inadequate systems to properly review the consulting agreements and lacked sufficient internal controls to comply with federal laws prohibiting bribery.

Total, whose securities are publicly traded on the New York Stock Exchange, agreed to pay more than $398 million to settle the SEC’s charges and a parallel criminal matter announced today by the U.S. Department of Justice.

"Total used illicit payments to win business in Iran, and reaped substantial financial benefits as a result," said Andrew M. Calamari, Director of the SEC’s New York Regional Office. "Total must now pay back all of its profits from the company’s corrupt conduct and additionally pay criminal penalties on top of that."

According to the SEC’s order instituting settled administrative proceedings, Total negotiated a development contract in 1995 with the National Iranian Oil Company (NIOC) for the country’s Sirri A and E oil and gas fields. Prior to executing the contract, Total held a meeting with the Iranian official and agreed to enter into a purported consulting agreement with an intermediary he designated. They agreed that Total would make payments to the intermediary under the guise of a consulting agreement when the real purpose was to induce the Iranian official to use his influence to help obtain NIOC’s approval of the development agreement. After the contract was executed, Total corruptly made the bribery payments that resulted in NIOC allowing Total to develop the Sirri A and E oil and gas fields and make more than $150 million in profits.

The SEC’s order requires Total to pay disgorgement of $153 million in illicit profits and retain an independent compliance consultant to review and report on Total’s compliance with the FCPA. Total also must cease and desist from committing or causing any violations of Section 30A, Section 13(b)(2)(A), and Section 13(b)(2)(B) of the Securities Exchange Act of 1934.

In the parallel criminal proceedings, Total agreed to pay a $245.2 million penalty as part of a deferred prosecution agreement. Total also was charged today by the prosecutor of Paris (François Molins, Procureur de la République) of the Tribunal de Grande Instance de Paris for violations of French laws.

The SEC’s investigation was led by Sharon Binger, Alex Janghorbani, and Barry O’Connell of the New York Regional Office’s Enforcement Division with significant assistance from the SEC Enforcement Division’s FCPA Unit and the Department of Justice’s Criminal Division’s Fraud Section. The SEC also appreciates the assistance of French regulatory authorities.

U.S. State Department Daily Press Briefing - May 29, 2013

Daily Press Briefing - May 29, 2013