FROM: LIBRARY OF CONGRESS
December 4, 2013
Library Reports on America’s Endangered Silent-Film Heritage
First-ever Database Tracks Existing Films Worldwide
Martin Scorsese’s "Hugo" and Michael Hazanavicius’ "The Artist" were cinematic tributes to the bygone era of silent films. Moviegoers, however, may not realize that 70 percent of feature-length silent films made in America have been completely lost to time and neglect.
The Library of Congress today unveiled "The Survival of American Silent Feature Films: 1912-1929," the first comprehensive survey of American feature films that survived the silent era of motion pictures. Previous documentation established that nearly 11,000 (10,919) silent feature films of American origin were released from 1912 through 1929. There was, however, no definitive, systematic study on how many of these films still existed and where any surviving elements were located in the world’s leading film archives and private collections.
The groundbreaking study reveals some startling facts about America’s endangered silent-film heritage. Only 14 percent—about 1,575 titles—of the feature films produced and distributed domestically from 1912-1929 exist in their original format. Five percent of those that survived in their original 35 mm format are incomplete. Eleven percent of the films that are complete only exist as foreign versions or in lower-quality formats.
"The Library of Congress can now authoritatively report that the loss of American silent-era feature films constitutes an alarming and irretrievable loss to our nation’s cultural record," said Librarian of Congress James H. Billington. "We have lost most of the creative record from the era that brought American movies to the pinnacle of world cinematic achievement in the 20th century."
"This report is invaluable because the artistry of silent film is essential to our culture," said Martin Scorsese, film-preservation advocate and director of "Hugo," a loving tribute to silent film. "Any time a silent picture by some miracle turns up, it reminds us of the treasures we’ve already lost. It also gives us hope that others may be discovered. The research presented in this report serves as a road map to finding silent films we once thought were gone forever and encourages creative partnerships between archives and the film industry to save silent cinema."
In addition to the establishment of the National Film Preservation Board (NFPB)—which is comprised of film-industry leaders and experts—the National Film Preservation Act of 1988 called for the Librarian of Congress to establish initiatives to protect the nation’s film heritage. One of the Librarian’s first directives to the board was to support archival research projects that would investigate the survival rates of American movies produced in all major categories during the 19th and 20th centuries.
Commissioned by the NFPB, the study was written by historian-archivist David Pierce and published by the Council on Library and Information Resources (CLIR). It is one of several congressionally mandated studies of the nation’s cinematic and recorded sound patrimony. The report is available as a free download at the NFPB’s website as well as CLIR’s website.
As part of the research for the study, Pierce prepared a valuable inventory database of information on archival, commercial and private holdings—who has custody of the films, how complete they are, the films’ formats and where the best surviving copies can be found. The report concludes that the existence of the database will allow the repatriation of lost American movies. Films initially thought lost have been found—and subsequently repatriated—in Australia, New Zealand, France and many other countries.
"As efforts continue to help bring back American silent films to the U.S. and perhaps rediscover even more now believed lost, we must recognize the magnificent contribution made by dozens of foreign film archives in saving many hundreds of U.S. films over the decades," said Gregory Lukow, chief of the National Audio Visual Conservation Center-Packard Campus. "Countless films would no longer exist if not for the heroic efforts made by these overseas archivists who have played a major role in preserving not only their own national heritage, but also that of the United States."
Some of the report’s findings:
Fourteen percent of the feature films produced domestically from 1912-1929 survived in their original-release 35 mm format.
Eleven percent of the films are complete as foreign versions or on lower-quality formats, such as 28 mm or 16 mm.
Five percent are incomplete, either missing a portion of the film or existing only as an abridged version.
Of the more 3,300 films that survived in any form, 26 percent were found in other countries.
Of the silent films located in foreign countries, 24 percent already have been repatriated to an American archive.
The Czech Republic had the largest collection of American silent films found outside the United States.
The vulnerability of nitrate film stock to fire and deterioration and the industry’s practice of neglecting or destroying prints and negatives contributed to the loss to the nation’s film heritage. Among some of the notable films considered lost in their complete form are Lon Chaney’s "London After Midnight" (1927); "The Patriot" (1928); " Cleopatra" (1917); "The Great Gatsby" (1926), and all four of Clara Bow’s feature films produced in 1928, including "Ladies of the Mob." Only five of Will Rogers’ 16 silent features survived and 85 percent of features made by Tom Mix—Hollywood’s first cowboy star—are lost.
Silent-screen legend Mary Pickford paid for the preservation of her films, ensuring that most of them survived. Of her 48 features, eight were lost from the first three years of her career. Pickford’s 1911 short—"Their First Misunderstanding"—was recently discovered in an old barn. It was the first time that she was credited by name in a film.
"Their First Misunderstanding" has been preserved by the Library of Congress, which hold’s the world’s largest collection of American silent features. More than half of the Library’s collection of silent features cannot be found anywhere else.
The report makes several recommendations:
Develop a nationally coordinated program to repatriate U.S. feature films from foreign archives.
Collaborate with studios and rights-holders to acquire archival master film elements on unique titles.
Encourage coordination among American archives and collectors to identify and preserve silent films that currently survive in lower-quality formats.
Develop a campaign to document unidentified titles. The Library of Congress has sponsored annual workshops to identify unknown and lesser-known titles.
Create an audience and appreciation for silent feature films through exhibition and screenings.
Friday, December 6, 2013
LOAN MODIFICATION OPERATORS ARRESTED IN ALLEGED SCAM
FROM; U.S. JUSTICE DEPARTMENT
Wednesday, December 4, 2013
Federal Agents Arrest Operators of Loan Modification Scam That Targeted Struggling Homeowners
Federal agents arrested yesterday Bryan D’Antonio, 47, of Brea, Calif., and Charles Wayne Farris, 53, of Aliso Viejo, Calif., for operating the Rodis Law Group and America’s Law Group, businesses that allegedly offered bogus loan modification assistance to struggling homeowners. Attorney Ronald Rodis, 49, of Irvine, Calif., surrendered today to federal agents on charges alleging that he participated in, and lent his name and the law license he formerly possessed to, the fraudulent operation. All three defendants were named in a federal indictment unsealed yesterday following an investigation by the FBI and IRS-Criminal Investigation.
According to the indictment, as a result of the scheme run by D’Antonio, Farris and Rodis, more than 1,800 financially distressed homeowners lost a total of at least $12 million in fees they paid to the companies. Many homeowners also lost their homes to foreclosure. During a nine month period that began in October 2008, the Rodis Law Group and America’s Law Group allegedly defrauded distressed homeowners by making false promises and guarantees regarding the companies’ ability to negotiate loan modifications from the homeowners’ mortgage lenders, falsely representing that a “team of attorneys” would represent the homeowners and advising homeowners to cease making their mortgage payments.
“These arrests send a strong message to those who would prey on vulnerable homeowners during these tough financial times,” said Assistant Attorney General for the Justice Department’s Civil Division Stuart F. Delery. “If you defraud homeowners, you will be found and brought to justice.”
The Rodis Law Group, and its successor company, America’s Law Group, allegedly advertised loan modification assistance on radio stations nationwide. According to the indictment, many of these radio advertisements featured Rodis’ voice telling homeowners that a “team of experienced attorneys,” who were “highly skilled in negotiating lower interest rates and even lowering your principal balance,” would negotiate with mortgage lenders. Sales staff hired and trained by Farris and D’Antonio allegedly told interested homeowners that Rodis Law Group was “100% successful,” “routinely lowered monthly payments” and obtained reduced principal balances. According to the indictment, once the defendants and their co-conspirators convinced homeowners to pay a fee of several thousand dollars, little to no effort was made to obtain loan modifications. After making their payments, homeowners who tried to get updates on the status of their cases were often unable to contact anyone at either company.
The indictment further alleges that D’Antonio committed these crimes after having been convicted of mail and wire fraud for his role in a previous telemarketing scheme. The previous scheme resulted in a civil case by the Federal Trade Commission and ultimately a court order, entered in 2001, which permanently banned D’Antonio from participating in future telemarketing operations. The indictment in this case alleges that D’Antonio committed criminal contempt of court by directing the telemarketing activities of Rodis Law Group and America’s Law Group and by misrepresenting the services they provided.
“Posing as successful lawyers, these defendants offered struggling homeowners false hopes and bogus promises of quality legal representation,” said U.S. Attorney for the Central District of California André Birotte Jr. “The market offering loan modifications is rife with fraud, which is why we have redoubled our efforts to investigate and prosecute those who engage in financial crimes that target distressed homeowners.”
“The unconscionable act of scamming homeowners already facing foreclosure is far too common,” said Assistant Director in Charge of the FBI’s Los Angeles Field Office Bill Lewis. “This indictment should send a clear message to anyone contemplating similar crimes, and should also remind potential victims to be cautious before paying fees to those offering financial rescue, regardless of whether the solicitor holds a law degree.”
D’Antonio, Farris and Rodis are each charged with 10 felony counts – nine counts of wire fraud and one count of conspiracy. Each of these counts carries a statutory maximum penalty of 20 years’ imprisonment. In addition, D’Antonio is charged with 13 counts of criminal contempt for violating the 2001 court order. Criminal contempt of court has no statutory maximum penalty.
This indictment was brought in coordination with the President’s Financial Fraud Enforcement Task Force’s Mortgage Fraud Working Group. The task force was established to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. With more than 20 federal agencies, 94 U.S. attorneys’ offices and state and local partners, it’s the broadest coalition of law enforcement, investigatory and regulatory agencies ever assembled to combat fraud. Since its formation, the task force has made great strides in facilitating increased investigation and prosecution of financial crimes; enhancing coordination and cooperation among federal, state and local authorities; addressing discrimination in the lending and financial markets and conducting outreach to the public, victims, financial institutions and other organizations. Over the past three fiscal years, the Justice Department has filed nearly 10,000 financial fraud cases against nearly 15,000 defendants including more than 2,900 mortgage fraud defendants.
Wednesday, December 4, 2013
Federal Agents Arrest Operators of Loan Modification Scam That Targeted Struggling Homeowners
Federal agents arrested yesterday Bryan D’Antonio, 47, of Brea, Calif., and Charles Wayne Farris, 53, of Aliso Viejo, Calif., for operating the Rodis Law Group and America’s Law Group, businesses that allegedly offered bogus loan modification assistance to struggling homeowners. Attorney Ronald Rodis, 49, of Irvine, Calif., surrendered today to federal agents on charges alleging that he participated in, and lent his name and the law license he formerly possessed to, the fraudulent operation. All three defendants were named in a federal indictment unsealed yesterday following an investigation by the FBI and IRS-Criminal Investigation.
According to the indictment, as a result of the scheme run by D’Antonio, Farris and Rodis, more than 1,800 financially distressed homeowners lost a total of at least $12 million in fees they paid to the companies. Many homeowners also lost their homes to foreclosure. During a nine month period that began in October 2008, the Rodis Law Group and America’s Law Group allegedly defrauded distressed homeowners by making false promises and guarantees regarding the companies’ ability to negotiate loan modifications from the homeowners’ mortgage lenders, falsely representing that a “team of attorneys” would represent the homeowners and advising homeowners to cease making their mortgage payments.
“These arrests send a strong message to those who would prey on vulnerable homeowners during these tough financial times,” said Assistant Attorney General for the Justice Department’s Civil Division Stuart F. Delery. “If you defraud homeowners, you will be found and brought to justice.”
The Rodis Law Group, and its successor company, America’s Law Group, allegedly advertised loan modification assistance on radio stations nationwide. According to the indictment, many of these radio advertisements featured Rodis’ voice telling homeowners that a “team of experienced attorneys,” who were “highly skilled in negotiating lower interest rates and even lowering your principal balance,” would negotiate with mortgage lenders. Sales staff hired and trained by Farris and D’Antonio allegedly told interested homeowners that Rodis Law Group was “100% successful,” “routinely lowered monthly payments” and obtained reduced principal balances. According to the indictment, once the defendants and their co-conspirators convinced homeowners to pay a fee of several thousand dollars, little to no effort was made to obtain loan modifications. After making their payments, homeowners who tried to get updates on the status of their cases were often unable to contact anyone at either company.
The indictment further alleges that D’Antonio committed these crimes after having been convicted of mail and wire fraud for his role in a previous telemarketing scheme. The previous scheme resulted in a civil case by the Federal Trade Commission and ultimately a court order, entered in 2001, which permanently banned D’Antonio from participating in future telemarketing operations. The indictment in this case alleges that D’Antonio committed criminal contempt of court by directing the telemarketing activities of Rodis Law Group and America’s Law Group and by misrepresenting the services they provided.
“Posing as successful lawyers, these defendants offered struggling homeowners false hopes and bogus promises of quality legal representation,” said U.S. Attorney for the Central District of California André Birotte Jr. “The market offering loan modifications is rife with fraud, which is why we have redoubled our efforts to investigate and prosecute those who engage in financial crimes that target distressed homeowners.”
“The unconscionable act of scamming homeowners already facing foreclosure is far too common,” said Assistant Director in Charge of the FBI’s Los Angeles Field Office Bill Lewis. “This indictment should send a clear message to anyone contemplating similar crimes, and should also remind potential victims to be cautious before paying fees to those offering financial rescue, regardless of whether the solicitor holds a law degree.”
D’Antonio, Farris and Rodis are each charged with 10 felony counts – nine counts of wire fraud and one count of conspiracy. Each of these counts carries a statutory maximum penalty of 20 years’ imprisonment. In addition, D’Antonio is charged with 13 counts of criminal contempt for violating the 2001 court order. Criminal contempt of court has no statutory maximum penalty.
This indictment was brought in coordination with the President’s Financial Fraud Enforcement Task Force’s Mortgage Fraud Working Group. The task force was established to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. With more than 20 federal agencies, 94 U.S. attorneys’ offices and state and local partners, it’s the broadest coalition of law enforcement, investigatory and regulatory agencies ever assembled to combat fraud. Since its formation, the task force has made great strides in facilitating increased investigation and prosecution of financial crimes; enhancing coordination and cooperation among federal, state and local authorities; addressing discrimination in the lending and financial markets and conducting outreach to the public, victims, financial institutions and other organizations. Over the past three fiscal years, the Justice Department has filed nearly 10,000 financial fraud cases against nearly 15,000 defendants including more than 2,900 mortgage fraud defendants.
FUNERAL HOME SUED BY FTC FOR FAILURE TO COMMUNICATE PRICES TO CONSUMERS
FROM: FEDERAL TRADE COMMISSION
FTC Sues Funeral Home for Failing to Disclose Prices
The Federal Trade Commission charged Ross-Clayton Funeral Home Inc. in Montgomery, Ala., and its owners, David C. Ross, Jr. and Eleanor Lewis Dawkins, with violating the FTC’s Funeral Rule, which requires funeral providers to provide consumers with important pricing and other disclosures when making funeral arrangements.
The FTC’s complaint alleges that on at least two occasions the funeral home failed to provide a casket price list at the time and manner required by the Funeral Rule for in-person discussions of funeral arrangements.
The FTC conducts undercover inspections across the country every year to ensure that funeral homes are complying with the Funeral Rule. First-time offenders cited for significant violations are offered a chance to enter the Funeral Rule Offenders Program (FROP), a three-year training program designed to increase compliance, as an alternative to possible legal action, a court order, and civil penalties of up to $16,000 per violation. The FROP program is run by the National Funeral Directors Association (NFDA) and provides participants with a review of price lists and disclosures, ongoing training, follow-up testing, and certification of compliance with the Rule. Participants also must make a voluntary payment to the U.S. Treasury for an amount less than what likely would be sought if the Commission authorized filing a lawsuit for civil penalties, and pay annual administrative fees to the NFDA for each year of training. The defendants refused the opportunity to resolve their alleged violations by participating in the FROP program.
The Funeral Rule, enacted in 1984, gives consumers the right to receive information about funeral products and services so that consumers pay only for what they want and need. Key provisions of the Rule require funeral homes to provide consumers with an itemized price list at the start of an in-person discussion of funeral arrangements, as well as a casket price list before consumers view any caskets. The Rule also prohibits funeral homes from requiring consumers to buy any item, such as a casket, as a condition of obtaining any other funeral good or service. The Rule requires funeral homes to provide itemized prices so that consumers can compare prices and buy only the goods and services they want.
For more information about the Funeral Rule, read Shopping for Funeral Services and Complying with the Funeral Rule.
The Commission vote authorizing the staff to file the complaint was 4-0. The complaint was filed in the U.S. District Court for the Middle District of Alabama.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them.
FTC Sues Funeral Home for Failing to Disclose Prices
The Federal Trade Commission charged Ross-Clayton Funeral Home Inc. in Montgomery, Ala., and its owners, David C. Ross, Jr. and Eleanor Lewis Dawkins, with violating the FTC’s Funeral Rule, which requires funeral providers to provide consumers with important pricing and other disclosures when making funeral arrangements.
The FTC’s complaint alleges that on at least two occasions the funeral home failed to provide a casket price list at the time and manner required by the Funeral Rule for in-person discussions of funeral arrangements.
The FTC conducts undercover inspections across the country every year to ensure that funeral homes are complying with the Funeral Rule. First-time offenders cited for significant violations are offered a chance to enter the Funeral Rule Offenders Program (FROP), a three-year training program designed to increase compliance, as an alternative to possible legal action, a court order, and civil penalties of up to $16,000 per violation. The FROP program is run by the National Funeral Directors Association (NFDA) and provides participants with a review of price lists and disclosures, ongoing training, follow-up testing, and certification of compliance with the Rule. Participants also must make a voluntary payment to the U.S. Treasury for an amount less than what likely would be sought if the Commission authorized filing a lawsuit for civil penalties, and pay annual administrative fees to the NFDA for each year of training. The defendants refused the opportunity to resolve their alleged violations by participating in the FROP program.
The Funeral Rule, enacted in 1984, gives consumers the right to receive information about funeral products and services so that consumers pay only for what they want and need. Key provisions of the Rule require funeral homes to provide consumers with an itemized price list at the start of an in-person discussion of funeral arrangements, as well as a casket price list before consumers view any caskets. The Rule also prohibits funeral homes from requiring consumers to buy any item, such as a casket, as a condition of obtaining any other funeral good or service. The Rule requires funeral homes to provide itemized prices so that consumers can compare prices and buy only the goods and services they want.
For more information about the Funeral Rule, read Shopping for Funeral Services and Complying with the Funeral Rule.
The Commission vote authorizing the staff to file the complaint was 4-0. The complaint was filed in the U.S. District Court for the Middle District of Alabama.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them.
GEORGE WASHINGTON STRIKE GROUP RETURNS TO YOKOSUKA, JAPAN
Photo Credit: U.S. Navy Photo By Mass Communication Specialist 2nd Class Trever Welsh
George Washington Strike Group Completes 2013 Patrol
Story Number: NNS131204-20Release Date: 12/4/2013 10:54:00 PM
By Mass Communication Specialist 3rd Class Ricky Guzman
YOKOSUKA, Japan (NNS) -- The USS George Washington Strike Group (GWSG) returned to its forward-operating location of Commander, Fleet Activities Yokosuka, Japan, Dec. 5, to conclude the second half of its 2013 patrol.
The GWSG participated in three joint-training exercises with regional partners, conducted three goodwill port visits, and provided humanitarian assistance and disaster relief to the Republic of the Philippines.
"George Washington Sailors, embarked staffs and air wing all performed at a high level during the ship's 2013 patrol," said Capt. Greg Fenton, George Washington's commanding officer. "We completed numerous shipboard qualifications, performed multiple exercises to strengthen interoperability and most importantly, provided humanitarian assistance and disaster relief to the Republic of the Philippines."
The GWSG most recently finished Annual Exercise (Annual Ex) 13, designed to increase the defensive readiness and interoperability of Japanese and U.S. Naval forces through training in air and sea operations. The strike group also conducted exercises in Oct. with the Republic of Korea navy and Japan Maritime Self-Defense Force (JMSDF) in the waters around the Korean peninsula.
"It's important for the U.S. Navy and JMSDF to train to continue to evolve, upgrade and compare tactics to increase our interoperability," said Rear Adm. Mark Montgomery, commander, Battle Force 7th Fleet.
The GWSG also conducted three goodwill port visits to Busan, Republic of Korea, Singapore, and Hong Kong, where the ship's crew conducted 39 community service events.
"We wanted to show that we're not just here to provide military support," said Aviation Boatswain's (Handling) 2nd Class Ricardo Lopez, from Caguas, Puerto Rico. "We also like to interact with the communities we visit, which allow us to have a better understanding of each other's cultures."
The GWSG departed Hong Kong Nov. 12 to assist the Republic of Philippine government in disaster relief efforts in the aftermath of super Typhoon Haiyan during Operation Damayan.
"Our Sailors did an outstanding job in answering the call of humanitarian assistance from the Philippine government," said Fenton. "Our ship refueled aircraft and provided a staging area for relief supplies to be airlifted ashore."
USS George Washington (CVN 73) also embarked more than 200 distinguished visitors from Republic of Korea, Malaysia, Singapore, Hong Kong and Japan to provide a first-hand look at the day-to-day operations of an underway aircraft carrier.
"I'm extremely proud of every milestone we've accomplished during this patrol," said Fenton. "I have no doubt that the Sailors aboard the ship will continue to excel throughout the inport period."
The GWSG consisted of the aircraft carrier George Washington; the embarked staffs of Battle Force 7th Fleet and Destroyer Squadron 15; Carrier Air Wing 5; Ticonderoga-class guided-missile cruisers USS Antietam (CG 54) and USS Cowpens (CG 63); and Arleigh-burke class guided-missile destroyers USS Lassen (DDG 82), USS McCampbell (DDG 85) and USS Mustin (DDG 89).
REMARKS BY SECRETARY KERRY AND ISRAELI PRIME MINISTER NETANYAHU
FROM: U.S. STATE DEPARTMENT
Joint Statement With Israeli Prime Minister Benjamin Netanyahu
Remarks
John Kerry
Secretary of State
Prime Minister's Office
Jerusalem
December 5, 2013
PRIME MINISTER NETANYAHU: It’s good to have you again, Secretary of State John Kerry. John, you’re a welcome friend, and it’s good to welcome you back in Jerusalem.
Our discussion this morning focused on two central issues. First and foremost, we discussed the danger to the world posed by Iran’s pursuit of a nuclear weapons capability. We believe that in a final deal, unlike the interim deal, it’s crucial to bring about a final agreement about determination of Iran’s military and nuclear capability. I have expressed my concern since Geneva that the sanctions would begin to unravel, and I think steps must be taken to prevent further erosions of sanctions.
Now, on the Palestinian issue, I want to say that Israel is ready for historic peace, and it’s a peace based on two states for two peoples. It’s a peace that Israel can and must be able to defend itself, by itself, with our own forces against any foreseeable threat. I would also stress that Israel continues to honor all understandings reached in prior negotiations.
Now, if this process is going to continue, we’re going to have to have a continual negotiation. We don’t need artificial crises. I think we don’t need finger pointing either. What we need is not grandstanding, but understanding and agreements. And that requires hard and serious work. It actually requires that we do not put before you, gentlemen and ladies of the press, everything that we’re discussing, but to have these real discussions inside in a sustained effort to bridge historic gaps and provide security. I’m fully committed and Israel is fully committed to such an effort. And I hope the Palestinians are committed to this goal as well.
I want to thank you, John, for your tireless effort. I use that word carefully, “tireless” and indefatigable. You continue to pursue this quest for peace. I appreciate it, and I welcome it. And I also welcome the opportunity to continue our discussions this evening and tomorrow and beyond. So welcome to Jerusalem, again.
SECRETARY KERRY: Thank you, my friend. Well, Mr. Prime Minister, my friend, Bibi, I am very, very happy to be back in Israel. It’s always a pleasure for me to visit. And I have visited here so many times, as a United States Senator, and now as a Secretary of State.
I’ve had the privilege of getting to know many people here, many parts of this great country. When I first came here – I think in 1986 – I spent a week and traveled to every part of the country, climbed Masada, bathed in the Dead Sea, went to Galilee, the north, visited Kiryat Shmona, where kids were having to hide from rockets, Katyusha rockets, then indiscriminately attacking them from Lebanon. And I have seen the rockets in Sderot from people who were taking cover from Gaza.
So I understand the challenge of security that Israel faces. I understand it very well. And I join with President Obama in expressing to the people of Israel our deep, deep commitment to the security of Israel and to the need to find a peace that recognizes Israel as a Jewish state, recognizes Israel as a country that can defend itself by itself, and that is an important principle with which the prime minister and the President and I are in agreement.
Much of our discussion in the very beginning obviously focused on where we are with respect to Iran. I can’t emphasize enough that Israel’s security in this negotiation is at the top of our agenda. And the United States will do everything in our power to make certain that Iran’s nuclear program – a program of weaponization possibilities – is terminated. We agree on what the goal of the final status agreement ought to be. And in the days and weeks ahead, we will consult very closely and continually with our Israeli friends in order to bring about a comprehensive agreement that can withstand everybody’s test. A peaceful program should not be that hard to prove, and everybody will know whether or not in the end the comprehensive agreement actually provides a test adequate to prove the peacefulness of that program.
We will continue to keep our friends in Israel and our friends in the region fully advised as we continue those negotiations. And for the moment, we’re in the process of simply putting in place the implementation language itself.
With respect to the sanctions, we will obviously be vigilant. We say to any country that contemplates moving ahead of sanctions, don’t, because those sanctions will continue to be enforced. The fundamental sanctions regime of oil and banking remains absolutely in place. It is not changed, and we will be stepping up our efforts of enforcement through the Treasury Department and through the appropriate agencies of the United States.
We obviously also spent a very significant amount of time – and we will continue those discussions tonight – with respect to the direct negotiations between the Israelis and the Palestinians. We have always known that this is a difficult, complicated road, and we understand that. I believe we are making some progress, and the parties remain committed to this task. They are meeting regularly, and they have also remained – we have remained in very close touch with both leaders as we proceed down this road.
Once again, Israel’s security is fundamental to these negotiations. And today, General John Allen, who is one of the very best military minds in the United States, one of our most experienced military leaders, who has been spending months now analyzing the security challenges with respect to this process – President Obama has designated him to play a very special role in assessing the potential threats to Israel, to the region, and ensuring that the security arrangements that we might contemplate in the context of this process will provide for greater security for Israel. This morning, General Allen and I provided Prime Minister Netanyahu and his military leadership with some thoughts about that particular security challenge. And this conversation will continue over dinner and possibly into tomorrow morning.
At some point in time – it depends a little on our talks here – I look forward to visiting the Palmachim Airbase and doing so with Minister Moshe Ya’alon. I don’t know if we’ll have time to do that tomorrow or not, but I do want to do that because I want to see firsthand the remarkable ballistic missile defense technologies in place that our nation has spent over 20 years building with our friends here in Israel in order to protect Israel from the full range of missile threats that it faces. And the advancement of these programs in recent years I think is a reflection of President Obama’s and his Administration’s strong commitment, unwavering commitment, to Israel’s security. It’s appropriate that at some point I get a chance to see how that is implemented and how it is working.
So I’d just close by saying what perhaps doesn’t need to be said, but I want to say it: The bond between the United States and Israel is unbreakable. And while occasionally we might have a difference of a tactical measure, we do not have a difference about the fundamental strategy that we both seek with respect to the security of Israel and the long-term peace of this region. And we will continue to work for that. And I thank my many Israel friends for their embrace and for their patience as we pursue this complicated process.
Thank you, Prime Minister.
Joint Statement With Israeli Prime Minister Benjamin Netanyahu
Remarks
John Kerry
Secretary of State
Prime Minister's Office
Jerusalem
December 5, 2013
PRIME MINISTER NETANYAHU: It’s good to have you again, Secretary of State John Kerry. John, you’re a welcome friend, and it’s good to welcome you back in Jerusalem.
Our discussion this morning focused on two central issues. First and foremost, we discussed the danger to the world posed by Iran’s pursuit of a nuclear weapons capability. We believe that in a final deal, unlike the interim deal, it’s crucial to bring about a final agreement about determination of Iran’s military and nuclear capability. I have expressed my concern since Geneva that the sanctions would begin to unravel, and I think steps must be taken to prevent further erosions of sanctions.
Now, on the Palestinian issue, I want to say that Israel is ready for historic peace, and it’s a peace based on two states for two peoples. It’s a peace that Israel can and must be able to defend itself, by itself, with our own forces against any foreseeable threat. I would also stress that Israel continues to honor all understandings reached in prior negotiations.
Now, if this process is going to continue, we’re going to have to have a continual negotiation. We don’t need artificial crises. I think we don’t need finger pointing either. What we need is not grandstanding, but understanding and agreements. And that requires hard and serious work. It actually requires that we do not put before you, gentlemen and ladies of the press, everything that we’re discussing, but to have these real discussions inside in a sustained effort to bridge historic gaps and provide security. I’m fully committed and Israel is fully committed to such an effort. And I hope the Palestinians are committed to this goal as well.
I want to thank you, John, for your tireless effort. I use that word carefully, “tireless” and indefatigable. You continue to pursue this quest for peace. I appreciate it, and I welcome it. And I also welcome the opportunity to continue our discussions this evening and tomorrow and beyond. So welcome to Jerusalem, again.
SECRETARY KERRY: Thank you, my friend. Well, Mr. Prime Minister, my friend, Bibi, I am very, very happy to be back in Israel. It’s always a pleasure for me to visit. And I have visited here so many times, as a United States Senator, and now as a Secretary of State.
I’ve had the privilege of getting to know many people here, many parts of this great country. When I first came here – I think in 1986 – I spent a week and traveled to every part of the country, climbed Masada, bathed in the Dead Sea, went to Galilee, the north, visited Kiryat Shmona, where kids were having to hide from rockets, Katyusha rockets, then indiscriminately attacking them from Lebanon. And I have seen the rockets in Sderot from people who were taking cover from Gaza.
So I understand the challenge of security that Israel faces. I understand it very well. And I join with President Obama in expressing to the people of Israel our deep, deep commitment to the security of Israel and to the need to find a peace that recognizes Israel as a Jewish state, recognizes Israel as a country that can defend itself by itself, and that is an important principle with which the prime minister and the President and I are in agreement.
Much of our discussion in the very beginning obviously focused on where we are with respect to Iran. I can’t emphasize enough that Israel’s security in this negotiation is at the top of our agenda. And the United States will do everything in our power to make certain that Iran’s nuclear program – a program of weaponization possibilities – is terminated. We agree on what the goal of the final status agreement ought to be. And in the days and weeks ahead, we will consult very closely and continually with our Israeli friends in order to bring about a comprehensive agreement that can withstand everybody’s test. A peaceful program should not be that hard to prove, and everybody will know whether or not in the end the comprehensive agreement actually provides a test adequate to prove the peacefulness of that program.
We will continue to keep our friends in Israel and our friends in the region fully advised as we continue those negotiations. And for the moment, we’re in the process of simply putting in place the implementation language itself.
With respect to the sanctions, we will obviously be vigilant. We say to any country that contemplates moving ahead of sanctions, don’t, because those sanctions will continue to be enforced. The fundamental sanctions regime of oil and banking remains absolutely in place. It is not changed, and we will be stepping up our efforts of enforcement through the Treasury Department and through the appropriate agencies of the United States.
We obviously also spent a very significant amount of time – and we will continue those discussions tonight – with respect to the direct negotiations between the Israelis and the Palestinians. We have always known that this is a difficult, complicated road, and we understand that. I believe we are making some progress, and the parties remain committed to this task. They are meeting regularly, and they have also remained – we have remained in very close touch with both leaders as we proceed down this road.
Once again, Israel’s security is fundamental to these negotiations. And today, General John Allen, who is one of the very best military minds in the United States, one of our most experienced military leaders, who has been spending months now analyzing the security challenges with respect to this process – President Obama has designated him to play a very special role in assessing the potential threats to Israel, to the region, and ensuring that the security arrangements that we might contemplate in the context of this process will provide for greater security for Israel. This morning, General Allen and I provided Prime Minister Netanyahu and his military leadership with some thoughts about that particular security challenge. And this conversation will continue over dinner and possibly into tomorrow morning.
At some point in time – it depends a little on our talks here – I look forward to visiting the Palmachim Airbase and doing so with Minister Moshe Ya’alon. I don’t know if we’ll have time to do that tomorrow or not, but I do want to do that because I want to see firsthand the remarkable ballistic missile defense technologies in place that our nation has spent over 20 years building with our friends here in Israel in order to protect Israel from the full range of missile threats that it faces. And the advancement of these programs in recent years I think is a reflection of President Obama’s and his Administration’s strong commitment, unwavering commitment, to Israel’s security. It’s appropriate that at some point I get a chance to see how that is implemented and how it is working.
So I’d just close by saying what perhaps doesn’t need to be said, but I want to say it: The bond between the United States and Israel is unbreakable. And while occasionally we might have a difference of a tactical measure, we do not have a difference about the fundamental strategy that we both seek with respect to the security of Israel and the long-term peace of this region. And we will continue to work for that. And I thank my many Israel friends for their embrace and for their patience as we pursue this complicated process.
Thank you, Prime Minister.
NSF: RISING SEAS THREATEN WETLANDS
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| Credit: Wikimedia |
Wetlands' ability to overcome sea level rise threatened
When do wetlands reach their limit, and how are we lowering that point?
Left to themselves, coastal wetlands can resist rapid sea level rise.
But humans could be sabotaging some of wetlands' best defenses, according to results published in this week's issue of the journal Nature.
Thanks to an intricate system of feedbacks, wetlands are remarkably good at building up soils to outpace sea level rise. The questions are: When do they reach their limit, and how have we lowered that point?
Without human-caused climate change, "we wouldn't be worried about wetlands surviving the rates of sea level rise we're seeing today," says lead paper author Matthew Kirwan of the Virginia Institute of Marine Science and the National Science Foundation (NSF) Virginia Coast Reserve Long-Term Ecological Research (LTER) site.
Virginia Coast Reserve is one of 26 such NSF LTER sites around the globe in ecosystems from deserts to mountains and marshes to grasslands.
In an unchanged world, "wetlands would build vertically at faster rates," says Kirwan, "or move inland to higher elevations."
The paper's co-author is Patrick Megonigal of the Smithsonian Environmental Research Center.
A wetland is land that's saturated with water, whether permanently or seasonally. The water found in wetlands can be saltwater, freshwater or brackish water. Main wetland types include swamps, marshes, bogs and fens.
Wetlands have developed several ways to build elevation to keep from drowning.
Aboveground, tidal flooding provides one of the biggest assists. When marshes flood during high tides, sediment settles out of the water, adding new soil. As sea level rises and flooding occurs more often, marshes react by building soil faster.
Belowground, the growth and decay of plant roots add organic matter.
Even erosion can work in wetlands' favor, as sediment lost at one marsh may be deposited in another. While a particular wetland may lose ground, the total wetland area may remain unchanged.
But, if a wetland becomes so submerged that its vegetation dies off, these "positive feedback loops" are lost. Similarly, if sediment delivery to a wetland is cut off, that wetland can no longer build soil to outpace rising seas.
"This study reveals the complex, long-term interplay among processes that maintain coastal wetlands in the face of sea level rise," says Saran Twombly, program director in NSF's Division of Environmental Biology, which funds the NSF Virginia Coast Reserve LTER site.
"Humans are newcomers to this delicate balance. The future of a habitat so essential to human well-being depends on how severely we alter it."
For example, groundwater withdrawal and artificial drainage can cause the land to sink, as is happening in Chesapeake Bay.
Because of this subsidence, eight of the world's 20 largest coastal cities have relative sea level rise greater than climate change projections.
Dams and reservoirs also prevent 20 percent of the global sediment load from reaching the coast.
Marshes on the Yangtze River Delta, for example, have survived a relative sea level rise of more than 50 millimeters per year since the 7th century--until the recent building of more than 50,000 dams cut off the supply of sediment and accelerated erosion.
"Tidal marshes are amazing ecosystem engineers that can raise themselves upward if they remain healthy, especially if there is sediment in the water," says Megonigal.
"We know there are limits, however. Those limits are changing as people alter the environment."
-NSF-
Thursday, December 5, 2013
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT FOR WEEK ENDING NOVEMBER 30, 2013
SEASONALLY ADJUSTED DATA
In the week ending November 30, the advance figure for seasonally adjusted initial claims was 298,000, a decrease of 23,000 from the previous week's revised figure of 321,000. The 4-week moving average was 322,250, a decrease of 10,750 from the previous week's revised average of 333,000.
The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending November 23, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 23 was 2,744,000, a decrease of 21,000 from the preceding week's revised level of 2,765,000. The 4-week moving average was 2,796,500, a decrease of 32,500 from the preceding week's revised average of 2,829,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 313,973 in the week ending November 30, a decrease of 54,507 from the previous week. There were 500,163 initial claims in the comparable week in 2012.
The advance unadjusted insured unemployment rate was 1.9 percent during the week ending November 23, a decrease of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,480,863, a decrease of 192,783 from the preceding week. A year earlier, the rate was 2.6 percent and the volume was 3,315,644.
The total number of people claiming benefits in all programs for the week ending November 16 was 4,096,901, an increase of 183,227 from the previous week. There were 4,959,201 persons claiming benefits in all programs in the comparable week in 2012.
No states were triggered "on" the Extended Benefits program during the week ending November 16.
Initial claims for UI benefits filed by former Federal civilian employees totaled 2,395 in the week ending November 23, an increase of 452 from the prior week. There were 2,144 initial claims filed by newly discharged veterans, an increase of 117 from the preceding week.
There were 20,409 former Federal civilian employees claiming UI benefits for the week ending November 16, an increase of 1,217 from the previous week. Newly discharged veterans claiming benefits totaled 32,030, an increase of 753 from the prior week.
States reported 1,350,604 persons claiming Emergency Unemployment Compensation (EUC) benefits for the week ending November 16, an increase of 45,705 from the prior week. There were 2,008,608 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 November 23 were in Alaska (5.5), Puerto Rico (3.7), Virgin Islands (3.3), New Jersey (3.2), California (3.1), Pennsylvania (2.9), Connecticut (2.8), Oregon (2.6), Illinois (2.5), and Nevada (2.5).
The largest increases in initial claims for the week ending November 23 were in California (+8,326), Pennsylvania (+4,416), Michigan (+3,426), Illinois (+2,638), and Texas (+2,099), while the largest decreases were in New Jersey (-572), Florida (-492), Idaho (-293), Mississippi (-287), and Virginia (-72).
In the week ending November 30, the advance figure for seasonally adjusted initial claims was 298,000, a decrease of 23,000 from the previous week's revised figure of 321,000. The 4-week moving average was 322,250, a decrease of 10,750 from the previous week's revised average of 333,000.
The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending November 23, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 23 was 2,744,000, a decrease of 21,000 from the preceding week's revised level of 2,765,000. The 4-week moving average was 2,796,500, a decrease of 32,500 from the preceding week's revised average of 2,829,000.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 313,973 in the week ending November 30, a decrease of 54,507 from the previous week. There were 500,163 initial claims in the comparable week in 2012.
The advance unadjusted insured unemployment rate was 1.9 percent during the week ending November 23, a decrease of 0.2 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 2,480,863, a decrease of 192,783 from the preceding week. A year earlier, the rate was 2.6 percent and the volume was 3,315,644.
The total number of people claiming benefits in all programs for the week ending November 16 was 4,096,901, an increase of 183,227 from the previous week. There were 4,959,201 persons claiming benefits in all programs in the comparable week in 2012.
No states were triggered "on" the Extended Benefits program during the week ending November 16.
Initial claims for UI benefits filed by former Federal civilian employees totaled 2,395 in the week ending November 23, an increase of 452 from the prior week. There were 2,144 initial claims filed by newly discharged veterans, an increase of 117 from the preceding week.
There were 20,409 former Federal civilian employees claiming UI benefits for the week ending November 16, an increase of 1,217 from the previous week. Newly discharged veterans claiming benefits totaled 32,030, an increase of 753 from the prior week.
States reported 1,350,604 persons claiming Emergency Unemployment Compensation (EUC) benefits for the week ending November 16, an increase of 45,705 from the prior week. There were 2,008,608 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 November 23 were in Alaska (5.5), Puerto Rico (3.7), Virgin Islands (3.3), New Jersey (3.2), California (3.1), Pennsylvania (2.9), Connecticut (2.8), Oregon (2.6), Illinois (2.5), and Nevada (2.5).
The largest increases in initial claims for the week ending November 23 were in California (+8,326), Pennsylvania (+4,416), Michigan (+3,426), Illinois (+2,638), and Texas (+2,099), while the largest decreases were in New Jersey (-572), Florida (-492), Idaho (-293), Mississippi (-287), and Virginia (-72).
SECRETARY OF STATE KERRY ISSUES STATEMENT ON DEATH OF NELSON MANDELA
FROM: U.S. STATE DEPARTMENT
Death of Nelson Mandela
Press Statement
John Kerry
Secretary of State
Washington, DC
December 5, 2013
Madiba’s 'long walk to freedom' gave new meaning to courage, character, forgiveness, and human dignity. Now that his long walk has ended, the example he set for all humanity lives on. He will be remembered as a pioneer for peace.
There are some truly brave people in this world whom you meet and you’re forever changed for the experience. Nelson Mandela remains Teresa’s hero, and a person who inspired her as a young woman to march with her classmates against apartheid. We had the honor of sitting with Mandela over the Thanksgiving holidays of 2007. I was struck by how warm, open, and serene he was. I stood in his tiny cell on Robben Island, a room with barely enough space to lie down or stand up, and I learned that the glare of the white rock quarry permanently damaged his eyesight. It hit home even more just how remarkable it was that after spending 27 years locked away, after having his own vision impaired by the conditions, that this man could still see the best interests of his country and even embrace the very guards who kept him prisoner. That is the story of a man whose ability to see resided not in his eyes but in his conscience. It is hard to imagine any of us could summon such strength of character.
Nelson Mandela was a stranger to hate. He rejected recrimination in favor of reconciliation and knew the future demands we move beyond the past. He gave everything he had to heal his country and lead it back into the community of nations, including insisting on relinquishing his office and ensuring there would be a peaceful transfer of power. Today, people all around the world who yearn for democracy look to Mandela’s nation and its democratic Constitution as a hopeful example of what is possible.
Teresa and I join those from around the world in honoring the life of this great man. Our deepest condolences go out to his wife, Graça, his family, all the people of South Africa and everyone who today enjoys the freedom Madiba fought for his entire life.
Death of Nelson Mandela
Press Statement
John Kerry
Secretary of State
Washington, DC
December 5, 2013
Madiba’s 'long walk to freedom' gave new meaning to courage, character, forgiveness, and human dignity. Now that his long walk has ended, the example he set for all humanity lives on. He will be remembered as a pioneer for peace.
There are some truly brave people in this world whom you meet and you’re forever changed for the experience. Nelson Mandela remains Teresa’s hero, and a person who inspired her as a young woman to march with her classmates against apartheid. We had the honor of sitting with Mandela over the Thanksgiving holidays of 2007. I was struck by how warm, open, and serene he was. I stood in his tiny cell on Robben Island, a room with barely enough space to lie down or stand up, and I learned that the glare of the white rock quarry permanently damaged his eyesight. It hit home even more just how remarkable it was that after spending 27 years locked away, after having his own vision impaired by the conditions, that this man could still see the best interests of his country and even embrace the very guards who kept him prisoner. That is the story of a man whose ability to see resided not in his eyes but in his conscience. It is hard to imagine any of us could summon such strength of character.
Nelson Mandela was a stranger to hate. He rejected recrimination in favor of reconciliation and knew the future demands we move beyond the past. He gave everything he had to heal his country and lead it back into the community of nations, including insisting on relinquishing his office and ensuring there would be a peaceful transfer of power. Today, people all around the world who yearn for democracy look to Mandela’s nation and its democratic Constitution as a hopeful example of what is possible.
Teresa and I join those from around the world in honoring the life of this great man. Our deepest condolences go out to his wife, Graça, his family, all the people of South Africa and everyone who today enjoys the freedom Madiba fought for his entire life.
U.S. DEFENSE CONTRACTS FOR DECEMBER 5, 2013
CONTRACTS
ARMY
M1 Support Services L.P., Denton, Texas, was awarded a $38,722,328 firm-fixed-price contract for advanced instructor pilot support services for the U.S. Army Aviation Center of Excellence, 110TH Aviation Brigade Support at Fort Rucker, Ala. Work will be performed in Alabama with an estimated completion date of Dec. 12, 2017. Funds will be determined with each order. Bids were solicited via the Internet with seven received. Army Contracting Command, Fort Eustis, Va., is the contracting activity (W911S0-14-D-0001).
FEDCON Joint Venture, Clearwater, Fla., was awarded a $34,536,510 firm-fixed-price contract for resilient features for the west bank and vicinity, hurricane storm damage and risk reduction system, Mississippi River Levee, Augusta to Oakville La. (A), WBV-MRL 1.2A. Fiscal 2014 other procurement funds in the amount of $34,536,510 were obligated at the time of the award. Estimated completion date is Oct. 23, 2015. Bids were solicited via the Internet with 13 received. Work will be performed in Belle Chasse La. Army Corps of Engineers, New Orleans, La., is the contracting activity (W912P8-14-C-0011).
Aecom National Security Programs Inc., Springfield, Va., was awarded a $10,019,790 contract modification (000328) to contract W52P1J-09-D-0043 to provide U.S. Forces-Afghanistan with the capability to passively gather, analyze, and disseminate open sources atmospheric information throughout the Afghanistan Combined Joint Operating Area; monitor, track and measure trends in local sentiment regarding U.S. Forces-Afghanistan programs and policies. It will also provide professional advice and assistance with regard to cultural professional advice and assistance with regard to social, religious, political, economic, and tribal matters and communication strategies; produce open source atmospheric information that support Afghanistan related strategic, operational and tactical decision making. Fiscal 2014 operations and maintenance, Army funds in the amount of $5,009,895 were obligated at the time of the award. Estimated completion date is Dec. 4, 2015. Work will be performed in Afghanistan. Army Contracting Command, Rock Island Arsenal, Rock Island, Ill., is the contracting activity.
DEFENSE LOGISTICS AGENCY
Cottonwood Inc., Lawrence, Kan., has been awarded a maximum $15,000,000 firm-fixed-price, indefinite-quantity contract for vehicle cargo tie downs. This contract is a sole-source acquisition. Location of performance is Kansas with a Dec. 4, 2018 performance completion date. This is a two-year base contract with three one-year option periods. Using military services are Army, Navy, Air Force, Marine Corps, and federal civilian agencies. Type of appropriation is fiscal 2014 through fiscal 2019 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support, Philadelphia, Pa., (SPE8EF-14-D-0001).
NAVY
Jacobs Technology Inc., Fort Walton Beach, Fla., is being awarded an $11,341,989 cost-plus-fixed-fee task order under the previously awarded General Services Administration Alliant Multiple Award contract for information technology services (GS0QBG-09-D-0059-GM01). This contract provides services for IT, information management, information assurance product service delivery mechanisms, software development, engineering and enterprise architectural compliance, server support services and information assurance compliance. The level of effort for the base year is 177,270 man hours. Work will be performed in China Lake, Calif. (82 percent); Point Mugu, Calif. (13 percent), and Norfolk, Va. (5 percent), and is expected to be completed in January 2015. Fiscal 2014 Navy working capital funds in the amount of $5,477,268 will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Warfare Center Weapons Division, China Lake, Calif., is the contracting activity.
ARMY
M1 Support Services L.P., Denton, Texas, was awarded a $38,722,328 firm-fixed-price contract for advanced instructor pilot support services for the U.S. Army Aviation Center of Excellence, 110TH Aviation Brigade Support at Fort Rucker, Ala. Work will be performed in Alabama with an estimated completion date of Dec. 12, 2017. Funds will be determined with each order. Bids were solicited via the Internet with seven received. Army Contracting Command, Fort Eustis, Va., is the contracting activity (W911S0-14-D-0001).
FEDCON Joint Venture, Clearwater, Fla., was awarded a $34,536,510 firm-fixed-price contract for resilient features for the west bank and vicinity, hurricane storm damage and risk reduction system, Mississippi River Levee, Augusta to Oakville La. (A), WBV-MRL 1.2A. Fiscal 2014 other procurement funds in the amount of $34,536,510 were obligated at the time of the award. Estimated completion date is Oct. 23, 2015. Bids were solicited via the Internet with 13 received. Work will be performed in Belle Chasse La. Army Corps of Engineers, New Orleans, La., is the contracting activity (W912P8-14-C-0011).
Aecom National Security Programs Inc., Springfield, Va., was awarded a $10,019,790 contract modification (000328) to contract W52P1J-09-D-0043 to provide U.S. Forces-Afghanistan with the capability to passively gather, analyze, and disseminate open sources atmospheric information throughout the Afghanistan Combined Joint Operating Area; monitor, track and measure trends in local sentiment regarding U.S. Forces-Afghanistan programs and policies. It will also provide professional advice and assistance with regard to cultural professional advice and assistance with regard to social, religious, political, economic, and tribal matters and communication strategies; produce open source atmospheric information that support Afghanistan related strategic, operational and tactical decision making. Fiscal 2014 operations and maintenance, Army funds in the amount of $5,009,895 were obligated at the time of the award. Estimated completion date is Dec. 4, 2015. Work will be performed in Afghanistan. Army Contracting Command, Rock Island Arsenal, Rock Island, Ill., is the contracting activity.
DEFENSE LOGISTICS AGENCY
Cottonwood Inc., Lawrence, Kan., has been awarded a maximum $15,000,000 firm-fixed-price, indefinite-quantity contract for vehicle cargo tie downs. This contract is a sole-source acquisition. Location of performance is Kansas with a Dec. 4, 2018 performance completion date. This is a two-year base contract with three one-year option periods. Using military services are Army, Navy, Air Force, Marine Corps, and federal civilian agencies. Type of appropriation is fiscal 2014 through fiscal 2019 defense working capital funds. The contracting activity is the Defense Logistics Agency Troop Support, Philadelphia, Pa., (SPE8EF-14-D-0001).
NAVY
Jacobs Technology Inc., Fort Walton Beach, Fla., is being awarded an $11,341,989 cost-plus-fixed-fee task order under the previously awarded General Services Administration Alliant Multiple Award contract for information technology services (GS0QBG-09-D-0059-GM01). This contract provides services for IT, information management, information assurance product service delivery mechanisms, software development, engineering and enterprise architectural compliance, server support services and information assurance compliance. The level of effort for the base year is 177,270 man hours. Work will be performed in China Lake, Calif. (82 percent); Point Mugu, Calif. (13 percent), and Norfolk, Va. (5 percent), and is expected to be completed in January 2015. Fiscal 2014 Navy working capital funds in the amount of $5,477,268 will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Warfare Center Weapons Division, China Lake, Calif., is the contracting activity.
SECRETARY OF STATE KERRY'S REMARKS TO CHISINAU STAFF AND FAMILIES
FROM: U.S. STATE DEPARTMENT
Meeting With Embassy Chisinau Staff and Families
John Kerry
Secretary of State
Secretary of State
Embassy Chisinau
Chisinau, Moldova
December 4, 2013
SECRETARY KERRY: (In progress) -- really delighted. I’m traveling with our Assistant Secretary of State who’s responsible for all this area, Victoria Nuland over here – Toria, as we call her. (Applause.) And --
PARTICIPANT: (Inaudible.) (Laughter.)
SECRETARY KERRY: Hopefully you’ll all be seeing a lot of her over time as we get out here.
But let me just say a quick thank you. I don’t want to give a speech, a long-haul, or anything like that. I’d like to just have a chance to run up and down the line, shake your hands, and say thank you. But we have a great Embassy out here. And you are right now engaged in a really important enterprise, which is helping Moldova to be able to make this shift of focus so it can choose to be affiliated with the economies and the countries and the values and the opportunities that it wants to be. And that means integration with Europe. What happened in Vilnius a few days ago with the initialing of the documents for the association agreement and also for the Deep and Comprehensive Free Trade Agreement is a critical step towards this full integration.
Now, in my meetings with the prime minister who was here a moment ago – where did Prime Minister Leanca go? I think he’s out there talking to Michael Gordon. Is he still here? Or he’s in the other room?
PARTICIPANT: He’s across the hall.
SECRETARY KERRY: He’s across the hall. He went over to talk to The New York Times. He knows what he needs to do right now. (Laughter.) Much more important. But anyway, we had a terrific conversation. But he made it clear to me that the road ahead is not automatic. It’s not easy, and there will be pressures. And we’ve all seen what’s happened in Ukraine in the last few days. So this is not always easy, but it’s the right thing to do.
And so what I’ve gained out of this very short, quick visit, which I apologize to you for – I hate coming in and going out – but I thought it was far more important on my way to Israel, where I have to go for our Middle East peace process, that since we had the chance to come by here at this important time, and given what’s happening in Ukraine, I wanted to come here in order to be able to send a message about the importance of the choices that the government is making and what you’re working on.
So we’re going to work hard at this. We’ve got the Millennium Challenge Corporation grant that’s going on, Compact. We’ve got other initiatives that we’re engaged in, in helping them to deal with competitiveness, with businesses. I just came from the winery where we had a chance not only to taste a little wine – (laughter) – very little, I might add – but importantly, we were able to see a business that we think we can make a difference in with respect to how they market what their opportunities are. And particularly since Russia sort of brought the wall down and said, “We’re not going to let you sell your wine because you want to affiliate with Europe,” well, we’ve got to help open up the market so that they can see that that choice pays off.
So all of this is what matters to us going forward, the work you do every single day. I know we have a bunch of folks who make this Embassy work who are local hires, and I think we got about 160 or so, something like that. Now, can you raise your hands, those of you who are local hires? Thank you very, very much. We very much appreciate what you do for us. (Applause.)
And everybody else, whether you are a civil servant, Foreign Service national, foreign national, whatever it is, we thank you for the work that you’re doing.
Final word, because I can tell the kids are getting into – they want playtime or different time or something, I don’t know – (laughter) – I just want to say thank you personally as your Secretary of State.
As the Ambassador said, I was the – I am – was the son of a Foreign Service officer who served for a period of time. And I served right in the midst of the Cold War in the 1950s. I came over to Berlin, which was a divided city with a British sector, a French sector, an American sector, and a Russian sector, and guards, and divisions, and you came through on a special train from Frankfurt and it was right through the Russian sector, and they didn’t let you pick the blinds up, and it was pretty foreboding and imposing to a young kid. But I learned a lot at that stage about what it meant to be abroad, what it meant to be representing your country even though you’re a kid in another place. I went to school abroad and I learned what it was like to pack up and leave home and leave your friends and go to another place.
But it was a fabulous experience, and I’m sure you feel that way or you wouldn’t be doing it. It’s invaluable to our country. You are, every single one of you, ambassadors. And in many cases, you may be the only American that some people will ever meet. So the impression you leave and the service that you can provide and whatever it is you do for people leaves an indelible message about who we are, what kind of people we are, what we care about, and whether we care about people and how we take care of people. That’s very, very important.
We have a lot of other things that are going on, obviously. This is the first visit of the Secretary of State since Jim Baker in 1992 opened this mission. So I’m privileged to be here tonight. I’m glad to be in good company with our Assistant Secretary.
And I thank you all very much for this very, very important work you are doing at a critical time where we are transitioning into the 21st century with a whole set of different challenges – from cyber warfare to trade to the globalization to the movement of people in unfettered and amazing ways that we never imagined, a huge number of workers from Moldova in other countries sending remittances back, including from Russia – all of which creates this global fabric that we are still learning how to manage and how to navigate our way through. You all are at the vanguard of that and I thank you profoundly on behalf of President Obama, on behalf of the American people. We are grateful for your service. We really can’t do what we need to do for our country without you. And that includes our local hires; we thank you for what you do.
Thank you all. Great to be with you. Happy to be here. Appreciate it. (Applause.)
PARTICIPANT: (Inaudible.) (Laughter.)
SECRETARY KERRY: Hopefully you’ll all be seeing a lot of her over time as we get out here.
But let me just say a quick thank you. I don’t want to give a speech, a long-haul, or anything like that. I’d like to just have a chance to run up and down the line, shake your hands, and say thank you. But we have a great Embassy out here. And you are right now engaged in a really important enterprise, which is helping Moldova to be able to make this shift of focus so it can choose to be affiliated with the economies and the countries and the values and the opportunities that it wants to be. And that means integration with Europe. What happened in Vilnius a few days ago with the initialing of the documents for the association agreement and also for the Deep and Comprehensive Free Trade Agreement is a critical step towards this full integration.
Now, in my meetings with the prime minister who was here a moment ago – where did Prime Minister Leanca go? I think he’s out there talking to Michael Gordon. Is he still here? Or he’s in the other room?
PARTICIPANT: He’s across the hall.
SECRETARY KERRY: He’s across the hall. He went over to talk to The New York Times. He knows what he needs to do right now. (Laughter.) Much more important. But anyway, we had a terrific conversation. But he made it clear to me that the road ahead is not automatic. It’s not easy, and there will be pressures. And we’ve all seen what’s happened in Ukraine in the last few days. So this is not always easy, but it’s the right thing to do.
And so what I’ve gained out of this very short, quick visit, which I apologize to you for – I hate coming in and going out – but I thought it was far more important on my way to Israel, where I have to go for our Middle East peace process, that since we had the chance to come by here at this important time, and given what’s happening in Ukraine, I wanted to come here in order to be able to send a message about the importance of the choices that the government is making and what you’re working on.
So we’re going to work hard at this. We’ve got the Millennium Challenge Corporation grant that’s going on, Compact. We’ve got other initiatives that we’re engaged in, in helping them to deal with competitiveness, with businesses. I just came from the winery where we had a chance not only to taste a little wine – (laughter) – very little, I might add – but importantly, we were able to see a business that we think we can make a difference in with respect to how they market what their opportunities are. And particularly since Russia sort of brought the wall down and said, “We’re not going to let you sell your wine because you want to affiliate with Europe,” well, we’ve got to help open up the market so that they can see that that choice pays off.
So all of this is what matters to us going forward, the work you do every single day. I know we have a bunch of folks who make this Embassy work who are local hires, and I think we got about 160 or so, something like that. Now, can you raise your hands, those of you who are local hires? Thank you very, very much. We very much appreciate what you do for us. (Applause.)
And everybody else, whether you are a civil servant, Foreign Service national, foreign national, whatever it is, we thank you for the work that you’re doing.
Final word, because I can tell the kids are getting into – they want playtime or different time or something, I don’t know – (laughter) – I just want to say thank you personally as your Secretary of State.
As the Ambassador said, I was the – I am – was the son of a Foreign Service officer who served for a period of time. And I served right in the midst of the Cold War in the 1950s. I came over to Berlin, which was a divided city with a British sector, a French sector, an American sector, and a Russian sector, and guards, and divisions, and you came through on a special train from Frankfurt and it was right through the Russian sector, and they didn’t let you pick the blinds up, and it was pretty foreboding and imposing to a young kid. But I learned a lot at that stage about what it meant to be abroad, what it meant to be representing your country even though you’re a kid in another place. I went to school abroad and I learned what it was like to pack up and leave home and leave your friends and go to another place.
But it was a fabulous experience, and I’m sure you feel that way or you wouldn’t be doing it. It’s invaluable to our country. You are, every single one of you, ambassadors. And in many cases, you may be the only American that some people will ever meet. So the impression you leave and the service that you can provide and whatever it is you do for people leaves an indelible message about who we are, what kind of people we are, what we care about, and whether we care about people and how we take care of people. That’s very, very important.
We have a lot of other things that are going on, obviously. This is the first visit of the Secretary of State since Jim Baker in 1992 opened this mission. So I’m privileged to be here tonight. I’m glad to be in good company with our Assistant Secretary.
And I thank you all very much for this very, very important work you are doing at a critical time where we are transitioning into the 21st century with a whole set of different challenges – from cyber warfare to trade to the globalization to the movement of people in unfettered and amazing ways that we never imagined, a huge number of workers from Moldova in other countries sending remittances back, including from Russia – all of which creates this global fabric that we are still learning how to manage and how to navigate our way through. You all are at the vanguard of that and I thank you profoundly on behalf of President Obama, on behalf of the American people. We are grateful for your service. We really can’t do what we need to do for our country without you. And that includes our local hires; we thank you for what you do.
Thank you all. Great to be with you. Happy to be here. Appreciate it. (Applause.)
SEC CHARGES HOLDING COMPANY OF FIFTH THIRD BANK WITH IMPROPER ACCOUNTING DURING FINANCIAL CRISIS
FROM: U.S. SECURITIES AND EXCHANGE COMMISSION
The Securities and Exchange Commission today charged the holding company of Cincinnati-based Fifth Third Bank and its former chief financial officer with improper accounting of commercial real estate loans in the midst of the financial crisis.
Fifth Third agreed to pay $6.5 million to settle the SEC’s charges, and Daniel Poston agreed to pay a $100,000 penalty and be suspended from practicing as an accountant on behalf of any publicly traded company or other entity regulated by the SEC.
According to the SEC’s order instituting settled administrative proceedings, Fifth Third experienced a substantial increase in “non-performing assets” as the real estate market declined in 2007 and 2008 and borrowers failed to repay their loans as originally required. Fifth Third decided in the third quarter of 2008 to sell large pools of these troubled loans. Once Fifth Third formed the intent to sell the loans, U.S. accounting rules required the company to classify them as “held for sale” and value them at fair value. Proper accounting would have increased Fifth Third’s pretax loss for the quarter by 132 percent. Instead, Fifth Third continued to classify the loans as “held for investment,” which incorrectly suggested that the company had not made the decision to sell the loans.
“Improper accounting by Fifth Third and Poston misled investors during a time of significant upheaval and financial distress for the company,” said George S. Canellos, co-director of the SEC’s Division of Enforcement. “It is important for investors to know the financial consequences of decisions made by management, so accounting rules that depend on management’s intent must be scrupulously observed.”
According to the SEC’s order, Poston was familiar with the company’s loan sale efforts, which included entering into agreements with brokers during the third quarter of 2008 to market and sell loans. Despite understanding the relevant accounting rules, Poston failed to direct Fifth Third to classify and value the loans as required. Poston also made inaccurate statements to Fifth Third’s auditors about the company’s loan classifications, and certified the company’s inaccurate results for the third quarter of 2008.
“By failing to classify large pools of loans as required, Fifth Third and Poston kept investors from knowing the full truth behind its commercial real estate loan portfolio,” said Stephen L. Cohen, an associate director in the SEC’s Division of Enforcement.
Fifth Third and Poston consented to the entry of the order finding that they violated or caused violations of Sections 17(a)(2) and (3) of the Securities Act of 1933 as well as the reporting, books and records, and internal controls provisions of the federal securities laws. Without admitting or denying the findings, they agreed to cease and desist from committing or causing any violations and any future violations of these provisions. Poston is suspended from appearing or practicing before the SEC as an accountant pursuant to Rule 102(e) of the Commission’s Rules of Practice with the right to apply for reinstatement after one year.
The SEC’s investigation was conducted by Beth Groves, Paul Harley, Jonathan Jacobs, and Jim Blenko. The SEC appreciates the assistance of the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).
The Securities and Exchange Commission today charged the holding company of Cincinnati-based Fifth Third Bank and its former chief financial officer with improper accounting of commercial real estate loans in the midst of the financial crisis.
Fifth Third agreed to pay $6.5 million to settle the SEC’s charges, and Daniel Poston agreed to pay a $100,000 penalty and be suspended from practicing as an accountant on behalf of any publicly traded company or other entity regulated by the SEC.
According to the SEC’s order instituting settled administrative proceedings, Fifth Third experienced a substantial increase in “non-performing assets” as the real estate market declined in 2007 and 2008 and borrowers failed to repay their loans as originally required. Fifth Third decided in the third quarter of 2008 to sell large pools of these troubled loans. Once Fifth Third formed the intent to sell the loans, U.S. accounting rules required the company to classify them as “held for sale” and value them at fair value. Proper accounting would have increased Fifth Third’s pretax loss for the quarter by 132 percent. Instead, Fifth Third continued to classify the loans as “held for investment,” which incorrectly suggested that the company had not made the decision to sell the loans.
“Improper accounting by Fifth Third and Poston misled investors during a time of significant upheaval and financial distress for the company,” said George S. Canellos, co-director of the SEC’s Division of Enforcement. “It is important for investors to know the financial consequences of decisions made by management, so accounting rules that depend on management’s intent must be scrupulously observed.”
According to the SEC’s order, Poston was familiar with the company’s loan sale efforts, which included entering into agreements with brokers during the third quarter of 2008 to market and sell loans. Despite understanding the relevant accounting rules, Poston failed to direct Fifth Third to classify and value the loans as required. Poston also made inaccurate statements to Fifth Third’s auditors about the company’s loan classifications, and certified the company’s inaccurate results for the third quarter of 2008.
“By failing to classify large pools of loans as required, Fifth Third and Poston kept investors from knowing the full truth behind its commercial real estate loan portfolio,” said Stephen L. Cohen, an associate director in the SEC’s Division of Enforcement.
Fifth Third and Poston consented to the entry of the order finding that they violated or caused violations of Sections 17(a)(2) and (3) of the Securities Act of 1933 as well as the reporting, books and records, and internal controls provisions of the federal securities laws. Without admitting or denying the findings, they agreed to cease and desist from committing or causing any violations and any future violations of these provisions. Poston is suspended from appearing or practicing before the SEC as an accountant pursuant to Rule 102(e) of the Commission’s Rules of Practice with the right to apply for reinstatement after one year.
The SEC’s investigation was conducted by Beth Groves, Paul Harley, Jonathan Jacobs, and Jim Blenko. The SEC appreciates the assistance of the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).
FTC CONGRESSIONAL TESTIMONY ON 100TH ANNIVERSARY
FROM: U.S. FEDERAL TRADE COMMISSION
FTC Testifies on Its Work to Protect Consumers and Promote Competition As the Agency Approaches Its 100th Anniversary
The Federal Trade Commission testified before Congress on the agency’s long track record of protecting consumers and promoting competition in the U.S. economy, as well as the agency’s ongoing work and future challenges as it approaches its 100th anniversary next year.
Testifying before the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade, FTC Chairwoman Edith Ramirez and Commissioners Julie Brill, Maureen K. Ohlhausen and Joshua D. Wright told lawmakers that the FTC is a highly productive and efficient, small independent agency with jurisdiction to protect consumers and maintain competition in broad sectors of the economy.
“Our agency structure, research capacity, continued commitment to bipartisanship and cooperation, and exceptional staff will allow the FTC to continue to adapt to external changes and successfully fulfill its mission of protecting consumers and competition into its next century,” the testimony states.
President Woodrow Wilson signed the Federal Trade Commission Act and the Clayton Act in 1914, and the FTC opened its doors on March 16, 1915. The Commission was given enforcement authority and was empowered to conduct investigations, gather information, and publish reports. Since then, Congress has expanded the FTC’s responsibilities through a number of other statutes, such as the Fair Credit Reporting Act; the Fair Debt Collection Practices Act; and the 1994 Telemarketing and Consumer Fraud and Abuse Prevention Act, which led to establishment of the popular National Do Not Call Registry.
The testimony outlines the FTC’s current work to protect consumers and promote competition. In recent years, the FTC has emphasized protecting financially distressed consumers from fraud, protecting consumer privacy and data security, prosecuting false or deceptive health claims, and safeguarding children in the marketplace.
In fiscal year 2013, the FTC filed 72 new consumer protection complaints in federal district court and obtained 100 permanent injunctions and orders (including two civil contempt orders) requiring defendants to pay approximately $198 million in consumer redress or disgorgement of ill-gotten gains.
The FTC’s efforts to maintain competition focus on stopping anticompetitive mergers and other anticompetitive business practices in a wide range of industries of critical importance to American consumers, the testimony states. These include health care, technology, energy, consumer goods and services, and manufacturing. This work is critical to protect and strengthen free and open markets – the cornerstone of a vibrant economy.
In fiscal year 2013, the agency pursued 27 new competition law enforcement actions (merger and nonmerger) and undertook several important workshops, reports, and advocacy opportunities to promote competition and educate its stakeholders about the importance of competition to consumers. Over the past three years, the agency estimated that it saved consumers approximately $3 billion in potential price increases by stopping illegal anticompetitive practices and mergers in the marketplace.
Finally, the testimony describes the challenges facing the FTC as it nears its 100th anniversary. In light of resource constraints and a growing workload, the FTC will continue to leverage its resources through careful case selection, by partnering with public and private entities, and by improving its own technological infrastructure to allow its staff to work more effectively, among other things.
The FTC will continue to adapt as technology continues to evolve. The agency convenes public meetings, such as its recent workshop exploring the Internet of Things, that help the agency to identify the consumer protection and competition issues that may be raised by the use of new technology.
In addition, the testimony states, the FTC will seek to address challenges posed by increased globalization and an international marketplace, and will continue its longstanding initiative to review FTC rules and guides to ensure that they enhance consumer welfare without imposing undue burdens on business.
“As we approach our 100th anniversary, the FTC remains committed to finding ways to enhance its effectiveness in protecting consumers and promoting competition, to anticipate and respond to changes in the marketplace, and to meet current and future challenges,” the testimony states.
The Commission vote approving the testimony and its inclusion in the formal record was 4-0.
FTC Testifies on Its Work to Protect Consumers and Promote Competition As the Agency Approaches Its 100th Anniversary
The Federal Trade Commission testified before Congress on the agency’s long track record of protecting consumers and promoting competition in the U.S. economy, as well as the agency’s ongoing work and future challenges as it approaches its 100th anniversary next year.
Testifying before the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade, FTC Chairwoman Edith Ramirez and Commissioners Julie Brill, Maureen K. Ohlhausen and Joshua D. Wright told lawmakers that the FTC is a highly productive and efficient, small independent agency with jurisdiction to protect consumers and maintain competition in broad sectors of the economy.
“Our agency structure, research capacity, continued commitment to bipartisanship and cooperation, and exceptional staff will allow the FTC to continue to adapt to external changes and successfully fulfill its mission of protecting consumers and competition into its next century,” the testimony states.
President Woodrow Wilson signed the Federal Trade Commission Act and the Clayton Act in 1914, and the FTC opened its doors on March 16, 1915. The Commission was given enforcement authority and was empowered to conduct investigations, gather information, and publish reports. Since then, Congress has expanded the FTC’s responsibilities through a number of other statutes, such as the Fair Credit Reporting Act; the Fair Debt Collection Practices Act; and the 1994 Telemarketing and Consumer Fraud and Abuse Prevention Act, which led to establishment of the popular National Do Not Call Registry.
The testimony outlines the FTC’s current work to protect consumers and promote competition. In recent years, the FTC has emphasized protecting financially distressed consumers from fraud, protecting consumer privacy and data security, prosecuting false or deceptive health claims, and safeguarding children in the marketplace.
In fiscal year 2013, the FTC filed 72 new consumer protection complaints in federal district court and obtained 100 permanent injunctions and orders (including two civil contempt orders) requiring defendants to pay approximately $198 million in consumer redress or disgorgement of ill-gotten gains.
The FTC’s efforts to maintain competition focus on stopping anticompetitive mergers and other anticompetitive business practices in a wide range of industries of critical importance to American consumers, the testimony states. These include health care, technology, energy, consumer goods and services, and manufacturing. This work is critical to protect and strengthen free and open markets – the cornerstone of a vibrant economy.
In fiscal year 2013, the agency pursued 27 new competition law enforcement actions (merger and nonmerger) and undertook several important workshops, reports, and advocacy opportunities to promote competition and educate its stakeholders about the importance of competition to consumers. Over the past three years, the agency estimated that it saved consumers approximately $3 billion in potential price increases by stopping illegal anticompetitive practices and mergers in the marketplace.
Finally, the testimony describes the challenges facing the FTC as it nears its 100th anniversary. In light of resource constraints and a growing workload, the FTC will continue to leverage its resources through careful case selection, by partnering with public and private entities, and by improving its own technological infrastructure to allow its staff to work more effectively, among other things.
The FTC will continue to adapt as technology continues to evolve. The agency convenes public meetings, such as its recent workshop exploring the Internet of Things, that help the agency to identify the consumer protection and competition issues that may be raised by the use of new technology.
In addition, the testimony states, the FTC will seek to address challenges posed by increased globalization and an international marketplace, and will continue its longstanding initiative to review FTC rules and guides to ensure that they enhance consumer welfare without imposing undue burdens on business.
“As we approach our 100th anniversary, the FTC remains committed to finding ways to enhance its effectiveness in protecting consumers and promoting competition, to anticipate and respond to changes in the marketplace, and to meet current and future challenges,” the testimony states.
The Commission vote approving the testimony and its inclusion in the formal record was 4-0.
SECRETARY KERRY, EU HIGH REPRESENTATIVE ASHTON MAKE REMARKS AT START OF MEETING IN GENEVA
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| U.S. State Department Photo |
Remarks at Top of Meeting With EU High Representative Cathy Ashton
Remarks
John Kerry
Secretary of State
NATO
Brussels, Belgium
December 4, 2013
SECRETARY KERRY: Thank you very, very much. Let me just say how much we look forward to continuing to work with High Representative Ashton. Her efforts in Geneva with respect to the initial Iran first step have been key, and now we’re going to talk about how we proceed to try to move towards the comprehensive agreement, as well as some other important issues that we face. Nice to be with her again. Thank you.
HIGH REPRESENTATIVE ASHTON: Thank you. Just to say it’s a great partnership, and the work that we do between the European Union and the U.S. on so many issues, of which Iran is one of the greatest examples but by no means the only example, it’s crucial we share the same values, we work together to try and deliver for people across the world. And I know that as we think about some of the issues and challenges we’re facing right now, this partnership is going to be even more important in the future.
SECRETARY KERRY: Thank you all very much. Appreciate it. Cathy, please.
TWO PLEAD GUILTY FOR ROLES IN IDENTITY TRAFFICKING CONSPIRACY
FROM: U.S. JUSTICE DEPARTMENT
Tuesday, December 3, 2013
Two Foreign Nationals Plead Guilty in Puerto Rican Identity Trafficking Conspiracy
A Dominican national and a Mexican national each pleaded guilty today in connection with their roles in trafficking the identities of Puerto Rican U.S. citizens and corresponding identity documents.
Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Rosa E. Rodríguez-Vélez of the District of Puerto Rico, Acting Director John Sandweg of U.S. Immigration and Customs Enforcement (ICE), Chief Postal Inspector Guy J. Cottrell of the U.S. Postal Inspection Service (USPIS), Director Gregory B. Starr of the U.S. State Department’s Diplomatic Security Service (DSS) and Chief Richard Weber of the Internal Revenue Service-Criminal Investigation (IRS-CI) made the announcement.
Jorge Luis “Daniel” Mendez, 37, formerly of San Juan, Puerto Rico, and Enrique Rogelio Mendez-Solis, 37, formerly of Seymour, Ind., pleaded guilty before U.S. District Judge Juan M. Pérez-Giménez in the District of Puerto Rico to one count of conspiracy to commit identification fraud, one count of conspiracy to commit alien smuggling for financial gain and three counts of aggravated identity theft. They face a maximum sentence of 15 years in prison for conspiracy to commit identification fraud, 10 years in prison for conspiracy to commit alien smuggling for financial gain, and two years in prison for each aggravated identity theft count when they are sentenced on April 28, 2014.
Both defendants were charged in a superseding indictment returned by a federal grand jury in Puerto Rico on March 22, 2012. To date, 53 individuals have been charged for their roles in the identity trafficking scheme, 49 defendants have been arrested, and 49 have pleaded guilty.
Court documents allege that individuals located in the Savarona area of Caguas, Puerto Rico, obtained Puerto Rican identities and corresponding identity documents. Other conspirators located in various cities throughout the United States allegedly solicited customers and sold Social Security cards and corresponding Puerto Rico birth certificates for prices ranging from $700 to $2,500 per set. The superseding indictment alleges that these identity brokers in the United States ordered the identity documents from the document suppliers in Savarona on behalf of their customers by making coded telephone calls. The conspirators are charged with using text messages, money transfer services, and express, priority, or regular U.S. mail to complete their illicit transactions.
Court documents allege that some of the conspirators assumed a Puerto Rican identity themselves and used that identity in connection with the trafficking operation. Their customers generally obtained the identity documents to assume the identity of Puerto Rican U.S. citizens and to obtain additional identification documents, such as legitimate state driver’s licenses. Some customers allegedly obtained the documents to commit financial fraud and attempted to obtain a U.S. passport.
According to court documents, various identity brokers were operating in Rockford, DeKalb and Aurora, Ill.; Seymour, Columbus and Indianapolis, Ind.; Hartford, Conn.; Clewiston, Fla.; Lilburn and Norcross, Ga.; Salisbury, Md.; Columbus and Fairfield, Ohio; Dorchester, Lawrence, Salem and Worcester, Mass.; Grand Rapids, Mich.; Nebraska City, Neb.; Elizabeth, N.J.; Burlington and Hickory, N.C.; Hazelton and Philadelphia, Penn.; Houston; Abingdon and Albertville, Ala.; and Providence, R.I.
Mendez admitted that he operated as a Savarona supplier. Mendez-Solis admitted that he operated as an identity broker in the Seymour, Ind., area.
The charges are the result of Operation Island Express, an ongoing, nationally coordinated investigation led by the ICE Homeland Security Investigations’ (ICE-HSI) Chicago Office and USPIS, DSS and IRS-CI offices in Chicago, in coordination with the ICE-HSI San Juan Office and the DSS Resident Office in Puerto Rico. The Illinois Secretary of State Police; Elgin, Ill., Police Department; Seymour, Ind., Police Department; and Indiana State Police provided substantial assistance. The ICE-HSI Assistant Attaché office in the Dominican Republic and International Organized Crime Intelligence and Operations Center (IOC-2), as well as various ICE, USPIS, DSS and IRS-CI offices around the country, provided invaluable support.
The case is being prosecuted by Trial Attorneys James S. Yoon, Hope S. Olds, Courtney B. Schaefer and Christina Giffin of the Criminal Division’s Human Rights and Special Prosecutions Section, with the assistance of the Criminal Division’s Asset Forfeiture and Money Laundering Section, and the support of the U.S. Attorney’s Office for the District of Puerto Rico. The U.S. Attorney’s Offices in the Northern District of Illinois, Southern District of Indiana, District of Connecticut, District of Massachusetts, District of Nebraska, Middle District of North Carolina, Southern District of Ohio, Middle District of Pennsylvania, District of Rhode Island, Southern District of Texas and Western District of Virginia provided substantial assistance.
Tuesday, December 3, 2013
Two Foreign Nationals Plead Guilty in Puerto Rican Identity Trafficking Conspiracy
A Dominican national and a Mexican national each pleaded guilty today in connection with their roles in trafficking the identities of Puerto Rican U.S. citizens and corresponding identity documents.
Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Rosa E. Rodríguez-Vélez of the District of Puerto Rico, Acting Director John Sandweg of U.S. Immigration and Customs Enforcement (ICE), Chief Postal Inspector Guy J. Cottrell of the U.S. Postal Inspection Service (USPIS), Director Gregory B. Starr of the U.S. State Department’s Diplomatic Security Service (DSS) and Chief Richard Weber of the Internal Revenue Service-Criminal Investigation (IRS-CI) made the announcement.
Jorge Luis “Daniel” Mendez, 37, formerly of San Juan, Puerto Rico, and Enrique Rogelio Mendez-Solis, 37, formerly of Seymour, Ind., pleaded guilty before U.S. District Judge Juan M. Pérez-Giménez in the District of Puerto Rico to one count of conspiracy to commit identification fraud, one count of conspiracy to commit alien smuggling for financial gain and three counts of aggravated identity theft. They face a maximum sentence of 15 years in prison for conspiracy to commit identification fraud, 10 years in prison for conspiracy to commit alien smuggling for financial gain, and two years in prison for each aggravated identity theft count when they are sentenced on April 28, 2014.
Both defendants were charged in a superseding indictment returned by a federal grand jury in Puerto Rico on March 22, 2012. To date, 53 individuals have been charged for their roles in the identity trafficking scheme, 49 defendants have been arrested, and 49 have pleaded guilty.
Court documents allege that individuals located in the Savarona area of Caguas, Puerto Rico, obtained Puerto Rican identities and corresponding identity documents. Other conspirators located in various cities throughout the United States allegedly solicited customers and sold Social Security cards and corresponding Puerto Rico birth certificates for prices ranging from $700 to $2,500 per set. The superseding indictment alleges that these identity brokers in the United States ordered the identity documents from the document suppliers in Savarona on behalf of their customers by making coded telephone calls. The conspirators are charged with using text messages, money transfer services, and express, priority, or regular U.S. mail to complete their illicit transactions.
Court documents allege that some of the conspirators assumed a Puerto Rican identity themselves and used that identity in connection with the trafficking operation. Their customers generally obtained the identity documents to assume the identity of Puerto Rican U.S. citizens and to obtain additional identification documents, such as legitimate state driver’s licenses. Some customers allegedly obtained the documents to commit financial fraud and attempted to obtain a U.S. passport.
According to court documents, various identity brokers were operating in Rockford, DeKalb and Aurora, Ill.; Seymour, Columbus and Indianapolis, Ind.; Hartford, Conn.; Clewiston, Fla.; Lilburn and Norcross, Ga.; Salisbury, Md.; Columbus and Fairfield, Ohio; Dorchester, Lawrence, Salem and Worcester, Mass.; Grand Rapids, Mich.; Nebraska City, Neb.; Elizabeth, N.J.; Burlington and Hickory, N.C.; Hazelton and Philadelphia, Penn.; Houston; Abingdon and Albertville, Ala.; and Providence, R.I.
Mendez admitted that he operated as a Savarona supplier. Mendez-Solis admitted that he operated as an identity broker in the Seymour, Ind., area.
The charges are the result of Operation Island Express, an ongoing, nationally coordinated investigation led by the ICE Homeland Security Investigations’ (ICE-HSI) Chicago Office and USPIS, DSS and IRS-CI offices in Chicago, in coordination with the ICE-HSI San Juan Office and the DSS Resident Office in Puerto Rico. The Illinois Secretary of State Police; Elgin, Ill., Police Department; Seymour, Ind., Police Department; and Indiana State Police provided substantial assistance. The ICE-HSI Assistant Attaché office in the Dominican Republic and International Organized Crime Intelligence and Operations Center (IOC-2), as well as various ICE, USPIS, DSS and IRS-CI offices around the country, provided invaluable support.
The case is being prosecuted by Trial Attorneys James S. Yoon, Hope S. Olds, Courtney B. Schaefer and Christina Giffin of the Criminal Division’s Human Rights and Special Prosecutions Section, with the assistance of the Criminal Division’s Asset Forfeiture and Money Laundering Section, and the support of the U.S. Attorney’s Office for the District of Puerto Rico. The U.S. Attorney’s Offices in the Northern District of Illinois, Southern District of Indiana, District of Connecticut, District of Massachusetts, District of Nebraska, Middle District of North Carolina, Southern District of Ohio, Middle District of Pennsylvania, District of Rhode Island, Southern District of Texas and Western District of Virginia provided substantial assistance.
NSF DISCUSSES ADDITIVE MANUFACTURING AS IT PERTAINS TO 3-D PRINTING
FROM: NATIONAL SCIENCE FOUNDATION
The engineering behind additive manufacturing and the 3-D printing revolution
December 3, 2013
While 3-D pens and printers are enjoyed by students, artists and makers, innovative American companies are using similar equipment to manufacture aerospace, automotive and medical technologies. The number of technologies customized and created using additive manufacturing processes is growing each year.
But understanding how the processes work takes more than prying open your 3-D pen.
Many of the foundational techniques for additive manufacturing, briefly described below, were discovered and patented in the 1980s. The development of three of these methods--selective laser sintering, sheet lamination and 3-D printing--had critical support from the National Science Foundation (NSF).
Additive manufacturing is a way of making 3-D objects by building up material, layer upon layer, with the guidance of a digital design. The processes are engineered to use material more efficiently, give designs more flexibility and produce objects more precisely. Above all, they make things quickly.
"Early research led to making prototypes to determine the form and fit of the parts in an assembly, such as an engine," said Kesh Narayanan, deputy assistant director for NSF's Engineering Directorate. "Large-scale manufacturing of parts, especially critical components, at attractive cost is the ongoing challenge for broader use of additive manufacturing."
More and more companies are taking on the challenge of commercializing these foundational technologies, including the very first one, stereolithography.
Stereolithography was invented by Charles Hull, the founder of 3D Systems, Inc. (patent 4575330 filed in 1984, awarded in 1986). This process, sometimes called vat photopolymerization, begins with a vat filled with a special resin; resins are thick liquids that can permanently harden into solids. Some resins cure rapidly when exposed to a certain light spectrum. Dentists use similar light-activated materials as adhesives, because they can be set quickly with the help of a laser.
Next, following a digital design, a laser targets an area just above a platform within the vat, causing the liquid resin there to selectively harden. Then, the platform moves down slightly, and the laser activates the next layer of liquid resin, linking the molecules together in a process called polymerization to form a solid object.
Selective laser sintering was invented by a University of Texas at Austin graduate student, Carl Deckard, and his advisor, Joseph Beaman (patent 4863538 filed in 1986, awarded in 1989). Also known as powder bed fusion, the technique uses a computer-controlled laser to selectively "sinter," or fuse, cross-sections of powder into a solid. The powder can be ceramic, metal, plastic or polymer, depending on what properties the object must have.
The energy from the laser heats the powder just enough to join the pieces together, similar to how the gentle warmth of hands can form powdery snow into a solid snowball. After one layer is sintered, the next layer of powder is applied and sintered according to the design.
Sheet lamination, also known as laminated object manufacturing, was invented by Michael Feygin, the founder of Helisys, Inc., formerly Hydronetics, Inc. (patent 4752352 filed in 1987, awarded in 1988). In this process, a laser cuts a thin sheet of paper, plastic or metal into the desired shape, and then another layer is bonded on top and also cut. By repeating these steps, objects with intricate, complicated shapes can be quickly formed at low cost.
Material extrusion was invented by S. Scott Crump, founder of Stratasys Ltd. (patent 5121329 filed in 1989, awarded in 1992). The process, sometimes called fused deposition modeling, pushes liquid plastic or metal out through a nozzle, right along the path on the digital map. A similar technique is used by a pastry chef while piping a layer of melted chocolate through the pointy tip of a pastry bag.
The molten material quickly cools and hardens, and a new layer can then be added on top. Just as chefs may use different concoctions and piping tips to create unique shapes with exactly the flavor, stiffness or other properties needed, material extrusion allows engineers--and enthusiasts--to quickly make new designs into objects meeting their specifications.
3-D printing was developed by a Massachusetts Institute of Technology team led by Emanuel Sachs (patent 5204055 filed in 1989, awarded in 1993). Also known as binder jetting, the technique involves laying down a layer of a powder and then squirting a liquid binder on the areas to be solidified. While similar to conventional ink jet printers, 3-D printers are able to build additional layers on top of previous ones to construct 3-D objects, even sophisticated objects that could serve one day as medical implants.
Other additive manufacturing techniques include various material jetting processes and directed energy deposition.
The origins of additive manufacturing processes can be traced to the 1970s and 1980s, when researchers began exploring new ways to make things. Then, as now, common manufacturing processes included casting/molding, forming, joining and machining.
At this same time, new techniques for solid modeling were coming to fruition. The modeling techniques enabled researchers to translate 3-D geometries into mathematical terms, which could then serve as instructions for equipment control systems.
The new additive processes, combined with advances in solid modeling, today enable rapid fabrication from a digital model, in a range of geometries beyond the capabilities of other methods.
"Additive manufacturing--with its versatility, efficiency and ability to quickly link geometric design to distributed production--can really accelerate product deployment," said Steve McKnight, director of the NSF Division of Civil, Mechanical, and Manufacturing Innovation.
McKnight continued, "To realize the full promise of additive manufacturing, researchers will need to discover new ways to increase speed, lower costs, improve consistency and develop and qualify novel materials for all kinds of applications. It will take the ingenuity of engineers, students and makers."
NSF's investment in additive manufacturing is part of a broader effort to accelerate the convergence of frontier research in materials, cyber-enabled systems and manufacturing science with the goal of spurring U.S. marketplace innovation to yield high-technology jobs and industrial growth.
The engineering behind additive manufacturing and the 3-D printing revolution
December 3, 2013
While 3-D pens and printers are enjoyed by students, artists and makers, innovative American companies are using similar equipment to manufacture aerospace, automotive and medical technologies. The number of technologies customized and created using additive manufacturing processes is growing each year.
But understanding how the processes work takes more than prying open your 3-D pen.
Many of the foundational techniques for additive manufacturing, briefly described below, were discovered and patented in the 1980s. The development of three of these methods--selective laser sintering, sheet lamination and 3-D printing--had critical support from the National Science Foundation (NSF).
Additive manufacturing is a way of making 3-D objects by building up material, layer upon layer, with the guidance of a digital design. The processes are engineered to use material more efficiently, give designs more flexibility and produce objects more precisely. Above all, they make things quickly.
"Early research led to making prototypes to determine the form and fit of the parts in an assembly, such as an engine," said Kesh Narayanan, deputy assistant director for NSF's Engineering Directorate. "Large-scale manufacturing of parts, especially critical components, at attractive cost is the ongoing challenge for broader use of additive manufacturing."
More and more companies are taking on the challenge of commercializing these foundational technologies, including the very first one, stereolithography.
Stereolithography was invented by Charles Hull, the founder of 3D Systems, Inc. (patent 4575330 filed in 1984, awarded in 1986). This process, sometimes called vat photopolymerization, begins with a vat filled with a special resin; resins are thick liquids that can permanently harden into solids. Some resins cure rapidly when exposed to a certain light spectrum. Dentists use similar light-activated materials as adhesives, because they can be set quickly with the help of a laser.
Next, following a digital design, a laser targets an area just above a platform within the vat, causing the liquid resin there to selectively harden. Then, the platform moves down slightly, and the laser activates the next layer of liquid resin, linking the molecules together in a process called polymerization to form a solid object.
Selective laser sintering was invented by a University of Texas at Austin graduate student, Carl Deckard, and his advisor, Joseph Beaman (patent 4863538 filed in 1986, awarded in 1989). Also known as powder bed fusion, the technique uses a computer-controlled laser to selectively "sinter," or fuse, cross-sections of powder into a solid. The powder can be ceramic, metal, plastic or polymer, depending on what properties the object must have.
The energy from the laser heats the powder just enough to join the pieces together, similar to how the gentle warmth of hands can form powdery snow into a solid snowball. After one layer is sintered, the next layer of powder is applied and sintered according to the design.
Sheet lamination, also known as laminated object manufacturing, was invented by Michael Feygin, the founder of Helisys, Inc., formerly Hydronetics, Inc. (patent 4752352 filed in 1987, awarded in 1988). In this process, a laser cuts a thin sheet of paper, plastic or metal into the desired shape, and then another layer is bonded on top and also cut. By repeating these steps, objects with intricate, complicated shapes can be quickly formed at low cost.
Material extrusion was invented by S. Scott Crump, founder of Stratasys Ltd. (patent 5121329 filed in 1989, awarded in 1992). The process, sometimes called fused deposition modeling, pushes liquid plastic or metal out through a nozzle, right along the path on the digital map. A similar technique is used by a pastry chef while piping a layer of melted chocolate through the pointy tip of a pastry bag.
The molten material quickly cools and hardens, and a new layer can then be added on top. Just as chefs may use different concoctions and piping tips to create unique shapes with exactly the flavor, stiffness or other properties needed, material extrusion allows engineers--and enthusiasts--to quickly make new designs into objects meeting their specifications.
3-D printing was developed by a Massachusetts Institute of Technology team led by Emanuel Sachs (patent 5204055 filed in 1989, awarded in 1993). Also known as binder jetting, the technique involves laying down a layer of a powder and then squirting a liquid binder on the areas to be solidified. While similar to conventional ink jet printers, 3-D printers are able to build additional layers on top of previous ones to construct 3-D objects, even sophisticated objects that could serve one day as medical implants.
Other additive manufacturing techniques include various material jetting processes and directed energy deposition.
The origins of additive manufacturing processes can be traced to the 1970s and 1980s, when researchers began exploring new ways to make things. Then, as now, common manufacturing processes included casting/molding, forming, joining and machining.
At this same time, new techniques for solid modeling were coming to fruition. The modeling techniques enabled researchers to translate 3-D geometries into mathematical terms, which could then serve as instructions for equipment control systems.
The new additive processes, combined with advances in solid modeling, today enable rapid fabrication from a digital model, in a range of geometries beyond the capabilities of other methods.
"Additive manufacturing--with its versatility, efficiency and ability to quickly link geometric design to distributed production--can really accelerate product deployment," said Steve McKnight, director of the NSF Division of Civil, Mechanical, and Manufacturing Innovation.
McKnight continued, "To realize the full promise of additive manufacturing, researchers will need to discover new ways to increase speed, lower costs, improve consistency and develop and qualify novel materials for all kinds of applications. It will take the ingenuity of engineers, students and makers."
NSF's investment in additive manufacturing is part of a broader effort to accelerate the convergence of frontier research in materials, cyber-enabled systems and manufacturing science with the goal of spurring U.S. marketplace innovation to yield high-technology jobs and industrial growth.
SECRETARY OF STATE KERRY'S REMARKS BEFORE MEETING WITH MOLDOVAN PRESIDENT TIMOFTI
FROM: U.S. STATE DEPARTMENT
Remarks Before His Meeting With Moldovan President Nicolae Timofti
Remarks
John Kerry
Secretary of State
Presidential Residence
Chisinau, Moldova
December 4, 2013
Well, thank you very much, Mr. President. And Mr. Prime Minister, leaders of the parliament, and Madam Foreign Minister, it’s a great, great privilege for me to be here in Moldova. This is my first visit here, as you know well. Vice President Biden came here in 2011. I think I’m the first Secretary of State to come here since Jim Baker in the 1990s. That’s too long, too much of a gap. So it’s a real privilege for me to be able to be here.
Let me congratulate you and your government on the very important steps that you have taken and are taking. The reforms that you are putting in place, the courage that you are showing and your people are showing to express their determination to align themselves with Europe and with opportunity, to be free to choose where and how you will engage in your economic activity is fundamental. And we applaud you for it.
I know this is a short visit, and I apologize upfront for its brevity. But I would rather come here for part of the day today than miss it altogether. And I think it’s a very important moment for me to be able to come here. I have just come from the meetings of NATO in Brussels. There was a great deal of discussion about the Vilnius meeting and about your signature, your initials on both the Association Agreement as well as on the deep and concentrated free trade agreement. We are convinced that any country ought to be able to make a choice of where it wants to affiliate, where it wants to conduct its economic activities, and in what way at which it conducts its affairs without external interference, and certainly without external pressures that have a profound impact on your people.
So I am here to affirm to you that the United States will stand with you. We are strongly supportive of what you are trying to achieve. We’ve provided some assistance and we will provide more. And we will continue to work with you on this road to your return, if you will, to this affiliation with Europe. And we look forward to it. And I’m very grateful to you for your very generous welcome here today.
Remarks Before His Meeting With Moldovan President Nicolae Timofti
Remarks
John Kerry
Secretary of State
Presidential Residence
Chisinau, Moldova
December 4, 2013
Well, thank you very much, Mr. President. And Mr. Prime Minister, leaders of the parliament, and Madam Foreign Minister, it’s a great, great privilege for me to be here in Moldova. This is my first visit here, as you know well. Vice President Biden came here in 2011. I think I’m the first Secretary of State to come here since Jim Baker in the 1990s. That’s too long, too much of a gap. So it’s a real privilege for me to be able to be here.
Let me congratulate you and your government on the very important steps that you have taken and are taking. The reforms that you are putting in place, the courage that you are showing and your people are showing to express their determination to align themselves with Europe and with opportunity, to be free to choose where and how you will engage in your economic activity is fundamental. And we applaud you for it.
I know this is a short visit, and I apologize upfront for its brevity. But I would rather come here for part of the day today than miss it altogether. And I think it’s a very important moment for me to be able to come here. I have just come from the meetings of NATO in Brussels. There was a great deal of discussion about the Vilnius meeting and about your signature, your initials on both the Association Agreement as well as on the deep and concentrated free trade agreement. We are convinced that any country ought to be able to make a choice of where it wants to affiliate, where it wants to conduct its economic activities, and in what way at which it conducts its affairs without external interference, and certainly without external pressures that have a profound impact on your people.
So I am here to affirm to you that the United States will stand with you. We are strongly supportive of what you are trying to achieve. We’ve provided some assistance and we will provide more. And we will continue to work with you on this road to your return, if you will, to this affiliation with Europe. And we look forward to it. And I’m very grateful to you for your very generous welcome here today.
EXPORT-IMPORT BANK REPORTS "U.S. EXPORTS REACH RECORD 192.7 BILLION IN OCTOBER"
FROM: U.S. EXPORT-IMPORT BANK
U.S. Exports Reach a Record $192.7 Billion in October
Washington, D.C. – The United States exported a record $192.7 billion in goods and services in October 2013, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.
“With exports rising and the trade deficit falling, it is clear that President Obama’s National Export Initiative is getting results,” said Export-Import Bank Chairman and President Fred P. Hochberg. “Today’s numbers are a welcome reminder of the importance of exports to the U.S. economy. Ex-Im plays a critical role in insuring that financing will not stand in the way of American businesses closing a sale overseas and creating jobs. And as another record month for American exporters and American jobs shows—the ‘Made in America’ brand remains a top seller.”
October’s figure is slightly larger than the previous high recorded in June, which was revised upward this month to $190.9 billion.
Exports of goods and services over the last twelve months totaled $2.3 trillion, which is 43.1 percent above the level of exports in 2009. Over the last twelve months, exports have been growing at an annualized rate of 9.8 percent when compared to 2009.
Over the last twelve months, among the major export markets (i.e., markets with at least $6 billion in annual imports of U.S. goods), the countries with the largest annualized increase in U.S. goods purchases, when compared to 2009, were Panama (27.6 percent), Russia (22.3 percent), United Arab Emirates (20.9 percent), Hong Kong (20.7 percent), Peru (20.2 percent), Chile (19.3 percent), Colombia (18.7 percent), Argentina (17.2 percent), Ecuador (16.9 percent), and Saudi Arabia (16.0 percent).
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.
Ex-Im Bank approved $35.8 billion in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than $6.1 billion directly supporting small-business export sales – also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country.
U.S. Exports Reach a Record $192.7 Billion in October
Washington, D.C. – The United States exported a record $192.7 billion in goods and services in October 2013, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department.
“With exports rising and the trade deficit falling, it is clear that President Obama’s National Export Initiative is getting results,” said Export-Import Bank Chairman and President Fred P. Hochberg. “Today’s numbers are a welcome reminder of the importance of exports to the U.S. economy. Ex-Im plays a critical role in insuring that financing will not stand in the way of American businesses closing a sale overseas and creating jobs. And as another record month for American exporters and American jobs shows—the ‘Made in America’ brand remains a top seller.”
October’s figure is slightly larger than the previous high recorded in June, which was revised upward this month to $190.9 billion.
Exports of goods and services over the last twelve months totaled $2.3 trillion, which is 43.1 percent above the level of exports in 2009. Over the last twelve months, exports have been growing at an annualized rate of 9.8 percent when compared to 2009.
Over the last twelve months, among the major export markets (i.e., markets with at least $6 billion in annual imports of U.S. goods), the countries with the largest annualized increase in U.S. goods purchases, when compared to 2009, were Panama (27.6 percent), Russia (22.3 percent), United Arab Emirates (20.9 percent), Hong Kong (20.7 percent), Peru (20.2 percent), Chile (19.3 percent), Colombia (18.7 percent), Argentina (17.2 percent), Ecuador (16.9 percent), and Saudi Arabia (16.0 percent).
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.
Ex-Im Bank approved $35.8 billion in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than $6.1 billion directly supporting small-business export sales – also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country.
Wednesday, December 4, 2013
SEC CHARGES TRADER WITH INSIDER TRADING OF STOCK IN A CHINESE COMPANY
FROM: U.S. SECURITIES AND EXCHANGE COMMISSION
The Securities and Exchange Commission charged a Miami-based trader with insider trading in the stock of a Chinese company and conducting illegal short sales in the securities of three other companies.
The SEC alleges that Charles Raymond Langston III learned confidential information in advance of a public announcement that significantly decreased the value of AutoChina International’s stock. Langston was solicited by placement agents to invest in a secondary offering of AutoChina stock. Despite agreeing to keep information confidential and not trade on it, he promptly sold short 29,000 shares of AutoChina stock in advance of the company’s public announcement that it had completed the secondary offering. To avoid detection, Langston made the trades through an entity he owned using a different broker and different account than he used to purchase shares in AutoChina’s initial offering. Langston made $193,108 in illegal profits by trading on the inside information.
“Langston agreed to keep confidential the information he learned from AutoChina’s placement agent and abstain from trading on it. Yet he chose to place personal greed ahead of the integrity of the securities markets,” said Eric I. Bustillo, director of the SEC’s Miami Regional Office.
The SEC’s complaint filed in federal court in Miami further alleges that Langston and two of his companies, Guarantee Reinsurance and CRL Management, violated Rule 105 of Regulation M, which prohibits the short sale of an equity security during a restricted period – generally five business days before a public offering – and the purchase of that same security through the offering. The rule addresses illegal short selling that can reduce offering proceeds received by companies by artificially depressing the market price shortly before the company prices its public offering. The SEC alleges that Langston through Guarantee Reinsurance and CRL Management made short sales in advance of separate secondary offerings by Wells Fargo, Mitsubishi UFJ Financial Group, and Alcoa. He purchased shares in the same offerings. Langston and his companies’ violations of Rule 105 resulted in unlawful gains of more than $1.3 million.
“During restricted periods, Langston and his companies executed short sales that gamed the system and resulted in illegal profits,” said Glenn S. Gordon, associate director for enforcement in the SEC’s Miami Regional Office. “The SEC is resolutely committed to pursuing those who violate Rule 105.”
Langston has agreed to settle the insider trading charges by paying disgorgement of $193,108, prejudgment interest of $22,204, and a penalty of $193,108. Langston and the two companies also agreed to be enjoined for the short selling violations with monetary sanctions to be determined by the court at a later date. Langston neither admits nor denies the allegations that he violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 as well as Rule 105 of Regulation M of the Exchange Act.
The SEC’s case against Langston and his companies was investigated by Andre J. Zamorano and Kathleen Strandell in the Miami office, and supervised by Thierry Olivier Desmet. The SEC’s litigation is being led by Christopher E. Martin. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.
The Securities and Exchange Commission charged a Miami-based trader with insider trading in the stock of a Chinese company and conducting illegal short sales in the securities of three other companies.
The SEC alleges that Charles Raymond Langston III learned confidential information in advance of a public announcement that significantly decreased the value of AutoChina International’s stock. Langston was solicited by placement agents to invest in a secondary offering of AutoChina stock. Despite agreeing to keep information confidential and not trade on it, he promptly sold short 29,000 shares of AutoChina stock in advance of the company’s public announcement that it had completed the secondary offering. To avoid detection, Langston made the trades through an entity he owned using a different broker and different account than he used to purchase shares in AutoChina’s initial offering. Langston made $193,108 in illegal profits by trading on the inside information.
“Langston agreed to keep confidential the information he learned from AutoChina’s placement agent and abstain from trading on it. Yet he chose to place personal greed ahead of the integrity of the securities markets,” said Eric I. Bustillo, director of the SEC’s Miami Regional Office.
The SEC’s complaint filed in federal court in Miami further alleges that Langston and two of his companies, Guarantee Reinsurance and CRL Management, violated Rule 105 of Regulation M, which prohibits the short sale of an equity security during a restricted period – generally five business days before a public offering – and the purchase of that same security through the offering. The rule addresses illegal short selling that can reduce offering proceeds received by companies by artificially depressing the market price shortly before the company prices its public offering. The SEC alleges that Langston through Guarantee Reinsurance and CRL Management made short sales in advance of separate secondary offerings by Wells Fargo, Mitsubishi UFJ Financial Group, and Alcoa. He purchased shares in the same offerings. Langston and his companies’ violations of Rule 105 resulted in unlawful gains of more than $1.3 million.
“During restricted periods, Langston and his companies executed short sales that gamed the system and resulted in illegal profits,” said Glenn S. Gordon, associate director for enforcement in the SEC’s Miami Regional Office. “The SEC is resolutely committed to pursuing those who violate Rule 105.”
Langston has agreed to settle the insider trading charges by paying disgorgement of $193,108, prejudgment interest of $22,204, and a penalty of $193,108. Langston and the two companies also agreed to be enjoined for the short selling violations with monetary sanctions to be determined by the court at a later date. Langston neither admits nor denies the allegations that he violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 as well as Rule 105 of Regulation M of the Exchange Act.
The SEC’s case against Langston and his companies was investigated by Andre J. Zamorano and Kathleen Strandell in the Miami office, and supervised by Thierry Olivier Desmet. The SEC’s litigation is being led by Christopher E. Martin. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.
IRS REPORTS MORE THAN 122 MILLION TAX RETURNS e-FILED IN 2013
FROM: U.S. INTERNAL REVENUE SERVICE
More than 122 million Returns e-Filed in 2013
WASHINGTON — The Internal Revenue Service today announced a milestone for IRS e-file – more than 122 million returns were e-filed during 2013. The statistics provided today contain complete e-file totals for 2013.
This year, the IRS received more than 45.2 million returns from those who prepared and e-filed their own returns on home computers, up from 43.2 million a year earlier, an increase of 4.6 percent. E-filed returns from tax professionals increased slightly, totaling more than 77 million returns. Whether they are self prepared or prepared by a tax return preparer, 91 percent of all tax returns filed by individuals are prepared on computers using tax preparation software, which improves the accuracy of those returns.
Other highlights from the new filing season statistics show:
During 2013, the IRS issued more than 109 million refunds worth almost $300 billion.
Almost 77 percent of refund recipients chose to receive their refunds through direct deposit.
More people are using IRS.gov to get answers, file their returns and resolve issues. So far in 2013, the IRS web site has been accessed more than 430 million times, up almost 24 percent compared to the same time last year.
More than 122 million Returns e-Filed in 2013
WASHINGTON — The Internal Revenue Service today announced a milestone for IRS e-file – more than 122 million returns were e-filed during 2013. The statistics provided today contain complete e-file totals for 2013.
This year, the IRS received more than 45.2 million returns from those who prepared and e-filed their own returns on home computers, up from 43.2 million a year earlier, an increase of 4.6 percent. E-filed returns from tax professionals increased slightly, totaling more than 77 million returns. Whether they are self prepared or prepared by a tax return preparer, 91 percent of all tax returns filed by individuals are prepared on computers using tax preparation software, which improves the accuracy of those returns.
Other highlights from the new filing season statistics show:
During 2013, the IRS issued more than 109 million refunds worth almost $300 billion.
Almost 77 percent of refund recipients chose to receive their refunds through direct deposit.
More people are using IRS.gov to get answers, file their returns and resolve issues. So far in 2013, the IRS web site has been accessed more than 430 million times, up almost 24 percent compared to the same time last year.
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