Wisconsin Democratic aide says governor must compromise – Reuters

On February 22, 2011, in Latest News, by admin

By James Kelleher MADISON, Wisconsin | Tue Feb 22, 2011 8:16am EST MADISON, Wisconsin (Reuters) – Democratic lawmakers who left Wisconsin to stall passage of a controversial budget bill that has triggered mass protests may return if the governor compromises with public employees over collective bargaining, an aide to the Senate leader said on Sunday. Wisconsin Senate minority leader Mark Miller left Wisconsin with 13 Democrat colleagues to stall a vote on Governor Scott Walker’s plan to cut benefits and change collective bargaining rules for most Wisconsin public employees.

By James Kelleher

MADISON, Wisconsin |
Tue Feb 22, 2011 8:16am EST

MADISON, Wisconsin (Reuters) – Democratic lawmakers who left Wisconsin to stall passage of a controversial budget bill that has triggered mass protests may return if the governor compromises with public employees over collective bargaining, an aide to the Senate leader said on Sunday.

Wisconsin Senate minority leader Mark Miller left Wisconsin with 13 Democrat colleagues to stall a vote on Governor Scott Walker’s plan to cut benefits and change collective bargaining rules for most Wisconsin public employees. That has brought thousands out in protest outside the state Capitol.

Miller’s aide Mike Browne said the unions representing those workers have signaled their willingness to meet the governor, and are prepared to increase the amount of money they pay toward their health and benefit plans.

“He has before him the option to do what he wants financially. But he needs to compromise,” Browne told Reuters.

Asked what it would take to get the 14 Senators including Miller back in Wisconsin and back in the State Capitol, Browne said: “The ball is in the governor’s court.”

Under the governor’s bill, state workers must increase contributions to their pensions to 5.8 percent of salary, and double contributions to their health insurance premiums to 12.6 percent. This would result in a cut in take-home pay of about 8 percent.

But Browne said the governor must drop the additional proposed limits to collective bargaining by public employees contained in the budget bill.

Walker wants to limit collective bargaining to the issue of wages and cap salary increases to the rate of inflation, with a voter referendum needed for bigger increases.

His proposal also would prohibit employer collection of union dues and members of collective bargaining units would not be required to pay dues. Contracts would be limited to one year and collective bargaining units would have to take annual votes to maintain certification as a union.

Some workers, such as fire and law enforcement employees, would be exempt from the collective bargaining changes. But it’s unclear exactly how many workers across the state will be affected by the proposed measure.

The American Federation of State, County and Municipal Employees, which was founded here, counts 66,000 active and retired members in Wisconsin.

Protests against Walker’s proposals grew in the past week. On Saturday, officials estimated about 55,000 demonstrators gathered. On Monday, the Wisconsin Education Association Council, representing some 98,000 public education employees, plans a rally on Monday.

Protests were far smaller on Sunday, with snow and sleet making conditions outside the Capitol cold and miserable.

(Reporting by James B. Kelleher, Editing by Peter Bohan)

Continue reading here: Wisconsin Democratic aide says governor must compromise – Reuters

Europe stocks drop again on Libya violence – Reuters

On February 22, 2011, in Latest News, by nadia

Tue Feb 22, 2011 5:02am EST * FTSEurofirst 300 falls 0.8 pct, down 2.1 pct in 2 days * VDAX-NEW volatility index surges as risk aversion rises * Shares of airlines sink on fears over travel, fuel costs * Trading on Milan bourse suspended due to technical issues * For up-to-the-minute market news, click on [STXNEWS/EU] By Blaise Robinson PARIS, Feb 22 (Reuters) – European stocks fell in early trade on Tuesday, adding to the previous session’s retreat as mounting violence in oil-rich Libya prompted investors to cash in recent lofty gains and turn to safer bets such as Bunds.

Tue Feb 22, 2011 5:02am EST

* FTSEurofirst 300 falls 0.8 pct, down 2.1 pct in 2 days

* VDAX-NEW volatility index surges as risk aversion rises

* Shares of airlines sink on fears over travel, fuel costs

* Trading on Milan bourse suspended due to technical issues

* For up-to-the-minute market news, click on [STXNEWS/EU]

By Blaise Robinson

PARIS, Feb 22 (Reuters) – European stocks fell in early
trade on Tuesday, adding to the previous session’s retreat as
mounting violence in oil-rich Libya prompted investors to cash
in recent lofty gains and turn to safer bets such as Bunds.

At 0949 GMT, the FTSEurofirst 300 .FTEU3 index of top
European shares was down 0.8 percent at 1,161.87 points, after
losing 1.3 percent on Monday.

The index, which hit a 29-month high on Friday, had gained
nearly 6 percent since the beginning of 2011.

“We’ve had a pretty sharp rally so far this year, and the
rising tensions in the Arab world has been used as an excuse to
book some profits,” said Jacques Henry, analyst at Louis Capital
Markets in Paris.

“It’s healthy for the market to take a breather after such
strong gains, and as soon as the Libyan crisis eases, stocks
should resume their rally.”

Shares in airlines were among the biggest losers, hurt by
fears over fuel costs as oil prices surged, as well as by
concerns that the crises in the Arab world will hit travel.

Air France-KLM (AIRF.PA) was down 3.3 percent, Lufthansa
(LHAG.DE) down 2.4 percent, and IAG (ICAG.MC), formed from the
merger of British Airways and Iberia, down 3 percent.

“Enthusiastic investors had forgotten about risks in
emerging and frontier markets. This is a wake-up call,” a
Paris-based trader said.

“There was almost no impact from the turmoil in Tunisia, but
now it’s a different game with Libya. The stakes are much
bigger, and the risks for a number of companies such as ENI are
huge. We just don’t know where it’s going to end.”

Continue reading here: Europe stocks drop again on Libya violence – Reuters

New Zealand earthquake shuts down flights out of the country – Christian Science Monitor

On February 22, 2011, in Latest News, by nadia

New Zealand earthquake: Air traffic control operations for New Zealand are located in Christchurch, where the air traffic control building may have been damaged by Tuesday’s earthquake. All international flights from New Zealand have been suspended.

New Zealand earthquake: Air traffic control operations for New Zealand are located in Christchurch, where the air traffic control building may have been damaged by Tuesday’s earthquake. All international flights from New Zealand have been suspended.

All international flights out of New Zealand were canceled Tuesday afternoon after a magnitude 6.3 earthquake hit the South Island.

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Auckland Airport spokesman Richard Llewellyn told the New Zealand Herald that the nation’s entire airways system had been shut down shortly after the earthquake hit Christchurch, damaging downtown office buildings and trapping workers. TVNZ reports fatalities from two buses crushed by falling buildings.

“For the moment planes are landing but no planes are departing,” Mr. Llewellyn told NZPA.

“The national air traffic control centre is in Christchurch, and they are checking to make sure it is all OK, and until then the airways system has been closed.”

The Christchurch airport is closed until at least 7 p.m. local time and flights due to arrive there have been diverted to Auckland and Wellington airport.

Jetstar New Zealand announced that flights in and out of Auckland, Wellington, Christchurch, and Queenstown have been suspended for the rest of the day.

Airways NZ, the state-owned enterprise that operates the nation’s air traffic control system, is based in Christchurch and is reportedly trying to verify the status of its equipment. There are unconfirmed reports that the Airways building was also damaged.

Since the first quake hit at 12:51 p.m. local time, the New Zealand GNS Science reports a series of nine strong aftershocks, ranging from magnitude 3.4 to 5.7.

Some of the buildings may have been weakened by a magnitude 7.1 quake that struck the Christchurch area last September. And because this quake was relatively shallow, it may have caused more damage than the higher magnitude quake in September.

The New Zealand Herald quotes Roger Sutton, CEO of Orion New Zealand, a power company, that electricity is down across 80 percent of Christchurch, “This is much, much more serious than last time,” says Mr. Sutton, “We have some major power assets that have been damaged by this quake.”

Urban search and rescue crews are moving into the city, and Australia has offered to send assistance.

A Google page to help people locate family and friends has been set up here:

http://christchurch-2011.person-finder.appspot.com/

Continue reading here: New Zealand earthquake shuts down flights out of the country – Christian Science Monitor

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