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	<title>Education Now</title>
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		<title>John Abraham asked to shed 20kg for a movie</title>
		<link>http://bcltedu.info/john-abraham-asked-to-shed-20kg-for-a-movie</link>
		<comments>http://bcltedu.info/john-abraham-asked-to-shed-20kg-for-a-movie#comments</comments>
		<pubDate>Thu, 23 Feb 2012 05:05:36 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[John Abraham has displayed his brawny and chiselled physique in many films, but now he will have to get rid of it to suit his role in his upcoming movie Shootout at Wadala, inspired by a real-life incident. The actor has apparently been asked to shed 20 kilograms to play Manya Surve in the film, [...]]]></description>
			<content:encoded><![CDATA[<p>John Abraham has displayed his brawny and chiselled physique in many films, but now he will have to get rid of it to suit his role in his upcoming movie Shootout at Wadala, inspired by a real-life incident.</p>
<p>The actor has apparently been asked to shed 20 kilograms to play Manya Surve in the film, based on the 1982 incident in which the infamous gangster was shot dead in Mumbai.</p>
<p>Abraham is on a strict diet of fish, sushi, protein shakes, juices and soups to achieve the look, which will be seen in the first half of the film. But he will appear in a more muscular build towards the climax. &quot;Manya Surve has to look really lean in the first 20 minutes of the film, till he gets into jail and starts working out. So there is an actual physical transformation that my character goes through in the film,&quot; said Abraham.</p>
<p>The 39-year-old is taking training from Vinod Channa.</p>
<p>															Article continues below</p>
<div style='margin-bottom:5px'>© 2011 Gulf News (<a href='http://www.gulfnews.com'>www.gulfnews.com</a>)</div>
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		<title>Chasing the New Angel Investors</title>
		<link>http://bcltedu.info/chasing-the-new-angel-investors</link>
		<comments>http://bcltedu.info/chasing-the-new-angel-investors#comments</comments>
		<pubDate>Thu, 23 Feb 2012 02:05:36 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Business]]></category>

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		<description><![CDATA[By ANGUS LOTEN Budding entrepreneur Eric Bolden had never met an angel investor until he tried pitching a business idea to a few of them. Entrepreneurs are finding that it&#8217;s easy to start a business but hard to build one. Angus Loten discusses how entrepreneurs are linking up with angel investors on digits. Enlarge Image [...]]]></description>
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<h3 class="byline">By <a href="/search/term.html?KEYWORDS=ANGUS+LOTEN&amp;bylinesearch=true">ANGUS LOTEN</a><br />
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<p>Budding entrepreneur Eric Bolden had never met an angel investor until he tried pitching a business idea to a few of them.</p>
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<p class="targetCaption">Entrepreneurs are finding that it&#8217;s easy to start a business but hard to build one. Angus Loten discusses how entrepreneurs are linking up with angel investors on digits.</p>
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<p>                <cite>Angus Loten/The Wall Street Journal</cite></p>
<p class="targetCaption">Katherine O&#8217;Neill of JumpStart New Jersey Angel Network, listened to a pitch by an entrepreneur at a networking event last week in New York.</p>
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<p>Last week, the retired prison guard showed up at a midtown New York loft for an event that connects entrepreneurs with investors to see whether he might get, say, $50,000, from the angels&#8212;wealthy individuals who provide capital to start-ups with the potential for fast growth.&#8236;</p>
<p>Mr. Bolden, dressed in a suit and tie, took to the microphone for a two-minute pitch, clutching his crumpled notes of the key selling points for his idea&#8212;a police handgun identification signal, complete with a flashing alert. The proposed device is meant to protect plain-clothes officers from friendly fire.&#8236;</p>
<p><a name="U5033033034184KG"></a>
<p>&#8234;Angel funding has become increasingly available to entrepreneurs like Mr. Bolden, whose product ideas are in the earliest stages.&#8236;</p>
<p><a name="U503303303418NLH"></a>
<p>Of the $8.9 billion in total investments by angels in the first half of this year, 39% went into seed and start-up ventures, up from 26% of $8.5 billion in total investments over the same period in 2010, according to data from the University of New Hampshire&#8217;s Center for Venture Research.&#8236;</p>
<p>The number of businesses overall that received angel funding over the first half of the year increased 4.4%, compared to the same period a year ago, with the average angel investment measured at $338,400 per start-up, according to the data. Jeffrey Sohl, director of the Center for Venture Research, says he expects start-up investing by angels to remain solid in 2012.&#8236;</p>
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<p class="targetCaption">In the first of a series of reports that looks inside the world of venture capital and tech start-ups, WSJ&#8217;s Andy Jordan profiles a start-up &#8220;chatID&#8221; as it goes through an accelerator program and also looks at what some consider a glut of seed-stage companies.</p>
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                            <a class="" href="http://online.wsj.com/article/SB10001424052970204026804577098562065044278.html">Cloudy Funding Forecast Ahead For Start-Ups</a><br />
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<p>The 48-year-old New Yorker Mr. Bolden has sunk more than $60,000 of his savings into building a prototype of his police handgun signal&#8212;a concept that came to him two years ago after an off-duty cop was shot dead by fellow officers while pursuing a robbery suspect. &#8236;</p>
<p>&#8234;&#8221;I thought I could walk in there with a great idea and someone would write a check,&#8221; Mr. Bolden said after making his presentation last week. &#8236;</p>
<p>But, as Mr. Bolden is discovering, many angels are more demanding than they were before the recession.</p>
<p><a name="U503303303418KQC"></a>
<p>&#8220;If you don&#8217;t have any skin in the game, how can you expect angels to put up their own money,&#8221; says Katherine O&#8217;Neill, executive director of JumpStart New Jersey Angel Network, who attended the networking event last week. She wasn&#8217;t particularly impressed with any of the pitches she heard, she says, because she thought the business plans seemed &#8220;pretty unformed.&#8221; </p>
<p>
                David Freschman, founder of the ARC Angel Fund, says angels are now more likely to ask founders and entrepreneurs to provide them with prototypes of fledgling products, beta-tested websites and extensive market research.</p>
<p><a name="U503303303418A4C"></a>
<p>One possible factor driving angels&#8217; greater diligence is the rise of angel alliances, with individuals banding together to invest in start-ups to spread the risk. </p>
<p>Between 10,000 and 15,000 angels are believed to belong to angel groups in the U.S., which spread risk around by syndicating deals between members, according to the Angel Capital Association. The Overland, Kan.-based trade group says the number of angel groups has tripled since 1999.&#8236;</p>
<p><a name="U503303303418R5H"></a>
<p>The group-investor approach often results in a more formal review process because potentially dozens of people have to review and discuss the possible risks and rewards, Ms. O&#8217;Neill adds.&#8236;</p>
<p>&#8234;Another potential factor: an understanding among angels that venture capital remains very hard to come by for midstage companies.&#8236;</p>
<p><a name="U503303303418PUE"></a>
<p>&#8234;Without this venture capital funding down the road, it could be more difficult for an angel-funded start-up to ever become profitable, or to be viewed as an attractive acquisition target by a larger company, many angel investors say.&#8236;&#8221;You don&#8217;t want to build a bridge to nowhere,&#8221; says Josh Lerner, who teaches finance and entrepreneurial management at Harvard Business School. </p>
<p>&#8234;In response to angels&#8217; increased scrutiny, many entrepreneurs say they are spending substantial amounts of time and money on tools, props and research that could help demonstrate the viability of their ideas in the marketplace.&#8236;</p>
<p>&#8220;There&#8217;s far more scrutiny now,&#8221; says Max Belenitsky, an entrepreneur who spent the past two years trying to get investors to notice his Text-A-Cab smart-phone reservation system for taxis and limousines. </p>
<p>A former vice president at Goldman Sachs Group Inc., he says he raised $100,000 from friends and family and now needs as much as $500,000 for further development and marketing costs to &#8220;flip the switch&#8221; and take payments from customers on the website.</p>
<p><a name="U503303303418CEC"></a>
<p>&#8220;They want to see implementation,&#8221; he says of potential angel investors. &#8220;They want to see the first 1,000 users [of the website] and how revenue is generated.&#8221; &#8236;</p>
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                Liza Deyrmenjian, the founder of ShopToko.com, an online fashion and accessories wholesaler for independent retailers, says prospective angel investors in her company have asked for a breakdown of all the recent transactions on the site, as well as specifics on her target market and other data. After raising $250,000 from friends and family to get her site up and running in October, she is now seeking an additional $1.5 million to scale up and reach more retailers. </p>
<p><a name="U503303303418OCF"></a>
<p>&#8220;They want to see a business that is up and running,&#8221; she says.&#8236;</p>
<p><a name="U5033033034182WD"></a>
<p>To be sure, there&#8217;s a chance that angel investors could lose their heightened appetite for investing in start-ups.&#8236;</p>
<p><a name="U503303303418VPD"></a>
<p>About 58% of venture capital professionals say they expect there to be an overall shortage in seed or early-stage funding in 2012, according to a new survey from the National Venture Capital Association and Dow Jones &amp; Co. Dow Jones owns also The Wall Street Journal.&#8236;Venture capitals are institutional investing funds.</p>
<p><a name="U503303303418R7G"></a>
<p>Of course, many seasoned entrepreneurs with proven track records are and will remain able to get funding with little more than a back-of-the-envelope, or informal, pitch, angel investors say. </p>
<p>Mr. Bolden says he is polishing his pitch. He is currently developing a website that he hopes may help to lure angel investors, including those outside of New York. The site will show video demonstrations of how the gun signal works. </p>
<p>Building it may cost him another few thousand dollars at the very least, he says.&#8236;</p>
<p><cite class="tagline">&mdash;Zoran Basich contributed to this article.&#8236;</cite>
<p>
                <strong>Write to </strong>                Angus Loten at <a class="" href="mailto:angus.loten@wsj.com">angus.loten@wsj.com</a>
            </p>
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<div style='margin-bottom:5px'>© 2011 Wall Street Journal (<a href='http://www.wsj.com'>www.wsj.com</a>)</div>
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		<title>Mandatory religion course doesn’t infringe on freedoms, top court rules</title>
		<link>http://bcltedu.info/mandatory-religion-course-doesn%e2%80%99t-infringe-on-freedoms-top-court-rules</link>
		<comments>http://bcltedu.info/mandatory-religion-course-doesn%e2%80%99t-infringe-on-freedoms-top-court-rules#comments</comments>
		<pubDate>Wed, 22 Feb 2012 23:05:36 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Religion]]></category>

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		<description><![CDATA[Mandatory religion course doesnât infringe on freedoms, top court rulesKirk Makin (&#34;The Globe and Mail,&#34; February 17, 2012) Toronto, Canada &#8211; A mandatory Quebec school program focusing on the historical significance of various religions and creeds does not harm the religious freedoms of parents and their children, the Supreme Court of Canada ruled on Friday. [...]]]></description>
			<content:encoded><![CDATA[<p>Mandatory religion course doesnât infringe on freedoms, top court rulesKirk Makin (&quot;The Globe and Mail,&quot; February 17, 2012)</p>
<p>Toronto, Canada &#8211; A mandatory Quebec school program focusing on the historical significance of various religions and creeds does not harm the religious freedoms of parents and their children, the Supreme Court of Canada ruled on Friday.</p>
<p>Resolving an important test of Charter of Rights values, the Court firmly sided with the province and a school board whose right to administer the plan had been challenged by angry parents.</p>
<p>Far from shoving religious views down the throats of children, the program opens them to a wide variety of viewpoints and beliefs, Madam Justice Marie Deschamps wrote for the majority.</p>
<p>âExposing children to a comprehensive presentation of various religions without forcing the children to join them does not constitute an indoctrination of students that would infringe the freedom of religion of L and J,â Judge Deschamps said, referring to the children of the litigants.</p>
<p>âFurthermore, the early exposure of children to realities that differ from those in their immediate family environment is a fact of life in society,â she said. âThe suggestion that exposing children to a variety of religious facts in itself infringes their religious freedom or that of their parents amounts to a rejection of the multicultural reality of Canadian society and ignores the Quebec governmentâs obligations with regard to public education.â</p>
<p>The contentious program, known as the Ethics and Religious Culture program, was made mandatory in Quebec schools in May, 2008.</p>
<p>Its stated purpose was to expose children to a range of cultures, creeds and religious traditions such as Judaism, aboriginal spirituality and other religious traditions. The goals of the program specified that an emphasis would be placed on the historical significance of French culture and the role Catholic and Protestant Christian traditions.</p>
<p>The parents behind the constitutional challenge, a Catholic couple who reside in Drummondville, Que., argued that the program was at odds with guarantees in the provincial Education Act.</p>
<p>They alleged that the program could expose their two children to harm and disruption, âcaused by forced, premature contactâ with beliefs that are incompatible with those held by the parents. They said that the program could also have an adverse effect on the religious beliefs the children were being taught in their home.</p>
<p>Judge Deschamps asserted that an individual cannot simply claim that their religious rights were infringed without showing some objective proof of actual interference.</p>
<p>&#8220;It is not enough for a person to say that his or her rights have been infringed,&#8221; she said. &#8220;The person must prove the infringement on a balance of probabilities.&#8221;</p>
<p>Judge Deschamps also said that the litigants did not go beyond claiming that the program damaged their ability to pass on their Catholic precepts to their children &#8211; there was no evidence to prove the allegation.</p>
<p>Two judges &#8211; Mr. Justice Louis LeBel and Mr. Justice Morris Fish &#8211; agreed with their seven colleagues on the crux of the decision but said that documentary evidence furnished to the court of the program&#8217;s aims and specific teaching was sketchy.</p>
<p>&#8220;The state of the record does not permit to conclude that the (program) and its implementation could not, in the future, infringe the rights granted to L and J and persons in the same situation,&#8221; they said.</p>
<p>The parents cannot be identified because of a publication ban on the names of their children. One of the children was in Grade one and had not yet had the course. The other was part way through secondary school and had completed the program.</p>
<p>The local school board â the Commission scolaire des ChÃªnes â refused to grant the children an exemption from the program based on a directive from the province that stated there would be no exemptions.</p>
<p>Both the school board and the Quebec government were respondents in the challenge.</p>
<p>At trial, a Quebec Superior Court judge refused to grant the children an exemption, ruling that the mandatory program did not violate their Charter right to religious freedom. Their appeal was rejected in 2010 by the Quebec Court of Appeal.</p>
<p>The case necessitated the Supreme Court delving into a key portion of the Charter guarantee of religious freedom â the intersection of provincial education priorities and the independence of school boards.</p>
<p>The case had echoes of a previous case heard by the Ontario Court of Appeal, in which it held that an Ontario regulation imposing mandatory prayer sessions violated the Charter because it forced students to adopt a religious practice.</p>
<p>The Ontario Court of Appeal warned against the imposition of educational material that amounts to indoctrination of students.</p>
<p>In legal arguments in the case before the Supreme Court, lawyers for the Canadian Civil Liberties Association asked the judges to strike a balance between freedom of conscience and religion of parents while, at the same time, protecting the âultimate interests of the child.â</p>
<p>The CCLA said that courts need a flexible legal test they can apply to future cases in order to gauge whether an attempt by government to intervene in education violates the freedom of conscience or religion of either the parents or their children.</p>
<p>It suggested that in many cases, the needs of both sides can be accommodated. For example, exempting students from part or all of an educational program might be reasonable, provided the educational objectives of the program are achieved by other means in the home or at school.</p>
<p>The CCLA argued that any legal test should involve consideration of the moral and intellectual needs of children â even if they conflict with their parentsâ perspective.</p>
<p>Legal intervenors in the case included the Canadian Civil Liberties Association and an umbrella group representing the Association of Catholic Parents of Quebec, Faith and Freedom Alliance, the Catholic Civil Rights League and the Coptic Christian Association of Greater Montreal.</p>
<div style='margin-bottom:5px'>Published by: WorldWide Religious News (<a href='http://wwrn.org'>wwrn.org</a>)</div>
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		<title>Call for new &#8216;presumed dead&#8217; law</title>
		<link>http://bcltedu.info/call-for-new-presumed-dead-law</link>
		<comments>http://bcltedu.info/call-for-new-presumed-dead-law#comments</comments>
		<pubDate>Wed, 22 Feb 2012 20:05:36 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Top Stories]]></category>

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		<description><![CDATA[The government should change the law to make it easier for families of missing people to deal with their affairs, the Commons Justice Select Committee says. Releasing the committee&#039;s report, chairman and Lib Dem MP Sir Alan Beith said: &#34;We do not agree with government ministers who claim the system is working &#039;adequately&#039;. MPs acknowledge [...]]]></description>
			<content:encoded><![CDATA[<p class="introduction">The government should change the law to make it easier for families of missing people to deal with their affairs, the Commons Justice Select Committee says. </p>
<p>Releasing the committee&#039;s report, chairman and Lib Dem MP Sir Alan Beith said: &quot;We do not agree with government ministers who claim the system is working &#039;adequately&#039;.</p>
<p>MPs acknowledge that legislation relating to the affairs of missing people would only affect a limited number of people but say it would allow families in &quot;extremely difficult emotional circumstances&quot; to resolve the financial and legal affairs of missing relatives.</p>
<p>&quot;We believe the time is long overdue to extend to English and Welsh families the protection that is available to Scottish and Northern Irish families,&quot; they say.</p>
<p>The report says that in the 34 years since Scotland brought its Presumption of Death Act into force only one person has reappeared. &quot;We believe this shows the Scottish legislation provides for a robust and effective process,&quot; they say.</p>
<p>Under the report&#039;s recommendations, families would only be able to apply for a presumption of death order seven years after someone went missing. </p>
<p>It says &quot;guardianship orders&quot; based on those in some Australian states should be introduced to allow families to maintain the missing person&#039;s estate four years before that.</p>
<p>The committee says relatives of missing people have found lawyers to be unfamiliar with the existing laws surrounding presumption of death and the cost of legal proceedings &quot;difficult to predict&quot;.</p>
<p>&quot;Many of these problems appear to be due to the piecemeal nature of the relevant law, and the fact it is to be found in many different statutes as well as the common law,&quot; the report says. </p>
<p>&quot;This complexity, as well as the rarity of these cases, means that people find it difficult to obtain reliable information. They may also have to pursue multiple proceedings before everything is resolved.&quot;</p>
<p>The charity Missing People has welcomed the MPs&#039; report.</p>
<p>Chief executive Martin Houghton-Brown said: &quot;It is now time for the Ministry of Justice to step forward and end this suffering once and for all, with a commitment to a Bill in the coming Queen&#039;s Speech.&quot;</p>
<p>Ann Coffey, chairwoman of the All-Party Parliamentary Group for Runaway and Missing Children and Adults urged the government to act quickly.</p>
<p>&quot;No family should have to go through such an emotionally exhausting and confusing legal process in addition to having to cope with the loss of a loved one,&quot; she said.</p>
<p>The Ministry of Justice said it recognised &quot;the emotional and practical difficulties faced by those whose loved ones are missing and thought to be dead&quot;. </p>
<p>&quot;We are already working to improve guidance relating to Coroners&#039; powers where a person is missing and presumed dead and will look at other areas where guidance could be improved,&quot; a spokesperson said.</p>
<p>Appearing before the committee in November 2011, Vicki Derrick, whose husband Vinny went missing in Manchester in August 2003, called for wholesale change. </p>
<p>She told MPs after her husband disappeared she was suddenly a single mum and expected to &quot;get on with it&quot;.</p>
<p>In Mrs Derrick&#039;s case, the High Court recognised her husband was dead and dissolved her marriage but her mortgage remained in joint names because her mortgage provider could not recognise the death without a death certificate.</p>
<p>Vinny Derrick&#039;s remains were found earlier this month.</p>
<p>Peter Lawrence, whose daughter Claudia went missing from York in 2009, told the inquiry families had no simple way to deal with unresolved practical issues because they could not prove whether a missing person was dead or alive.</p>
<div style='margin-bottom:5px'>© 2011 BBC News (<a href='http://www.bbc.co.uk'>www.bbc.co.uk</a>)</div>
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		<title>UPDATE 2-Wells Fargo buys BNP Paribas energy lending unit</title>
		<link>http://bcltedu.info/update-2-wells-fargo-buys-bnp-paribas-energy-lending-unit</link>
		<comments>http://bcltedu.info/update-2-wells-fargo-buys-bnp-paribas-energy-lending-unit#comments</comments>
		<pubDate>Wed, 22 Feb 2012 17:05:36 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Business]]></category>

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		<description><![CDATA[Tue Feb 21, 2012 7:09pm EST * Business has $9.5 billion in loan commitments * Purchase is latest by Wells as European banks shed assets * Wells eyes new client relationships in deal By Rick Rothacker Feb 21 &#8211; Wells Fargo &#38; Co said it is buying an energy lending business from BNP Paribas in [...]]]></description>
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        <span class="timestamp">Tue Feb 21, 2012 7:09pm EST</span>
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<p>* Business has $9.5 billion in loan commitments</p>
<p></span><span></span>
<p>* Purchase is latest by Wells as European banks shed assets</p>
<p><span></span>
<p>* Wells eyes new client relationships in deal</p>
<p><span></span>
<p>By <a href="http://blogs.reuters.com/search/journalist.php?edition=us&amp;n=rick.rothacker&amp;">Rick Rothacker</a></p>
<p><span></span>
<p>Feb 21 &#8211; Wells Fargo &amp; Co said it is buying an<br />
energy lending business from BNP Paribas in the U.S.<br />
bank&#8217;s latest acquisition from a European bank seeking to shrink<br />
its balance sheet.</p>
<p><span></span>
<p>The San Francisco-based bank is buying $9.5 billion of total<br />
loan commitments, including $3.9 billion in funded balances. BNP<br />
said the premium paid by Wells and other terms of the all-cash<br />
transaction were not being disclosed.</p>
<p><span></span>
<p>BNP said the sale of the Houston-based business was part of<br />
its plan to reduce its U.S. dollar funding requirements and<br />
would provide a slight benefit to its Tier 1 Common Equity<br />
ratio. The company said it remains committed to maintaining a<br />
strong North American energy and commodities business.</p>
<p><span></span>
<p>About 90 percent of the portfolio is U.S.-based, with the<br />
rest mostly in Canada, Wells said. Once the deal closes, the<br />
combined energy group will have about $30 billion in total<br />
commitments, said Kyle Hranicky, who leads the Wells Fargo<br />
group, which is also based in Houston.</p>
<p><span></span>
<p>Reuters reported in January that France&#8217;s largest listed<br />
bank was shopping a portfolio of loans to oil and gas companies<br />
and had received interest from Wells Fargo and Canadian buyers.<br />
European banks have been retreating from the United States as<br />
they look to offload assets and build capital amid the Euro zone<br />
debt crisis.</p>
<p><span></span>
<p>The deal, subject to regulatory and other approvals, is<br />
expected to close in the second quarter. The group&#8217;s 36<br />
employees in Houston and Calgary will be offered jobs with<br />
Wells, BNP said.</p>
<p><span></span>
<p>The acquisition brings loans as well as bankers who have<br />
relationships with 175 oil and gas companies, Hranicky said.<br />
Wells is hopeful these bankers will join the company and has<br />
already reached agreements with some of them, he said.</p>
<p><span></span>
<p>Since the middle of last year, Wells Fargo, the fourth<br />
largest U.S. bank by assets, has bought commercial real estate<br />
loans from Irish banks and acquired Bank of Ireland&#8217;s Burdale<br />
Financial Holdings Ltd unit, an asset-based lender. CEO John<br />
Stumpf has said the bank is actively exploring possible<br />
acquisitions as European banks look to shed loans and<br />
businesses.</p>
<p><span></span>
<p>The $9.5 billion in loan commitments in the BNP Paribas deal<br />
equals about 1 percent of Wells Fargo&#8217;s total loans.</p>
<p><span></span>
<p>BNP was advised by Lazard; Skadden, Arps, Slate, Meagher &amp;<br />
Flom LLP served as legal counsel.</p>
<p><span></span></span>
<div style='margin-bottom:5px'>© 2011 REUTERS (<a href='http://www.reuters.com'>www.reuters.com</a>)</div>
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		<title>Filipinos top users of Dubai Metro, RTA study shows</title>
		<link>http://bcltedu.info/filipinos-top-users-of-dubai-metro-rta-study-shows</link>
		<comments>http://bcltedu.info/filipinos-top-users-of-dubai-metro-rta-study-shows#comments</comments>
		<pubDate>Wed, 22 Feb 2012 14:05:36 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://bcltedu.info/filipinos-top-users-of-dubai-metro-rta-study-shows</guid>
		<description><![CDATA[The Filipino community has shown the highest affinity for Dubai Metro, followed by Indians and Europeans, while Emirati commuters make up 12 per cent of Metro users, according to a study conducted by the RTA. &#34;We are thrilled about the number of passengers using Metro. There were doubts whether Metro will be conceived by residents [...]]]></description>
			<content:encoded><![CDATA[<p>The Filipino community has shown the highest affinity for Dubai Metro, followed by Indians and Europeans, while Emirati commuters make up 12 per cent of Metro users, according to a study conducted by the RTA.</p>
<p>&quot;We are thrilled about the number of passengers using Metro. There were doubts whether Metro will be conceived by residents as a mode of transport, but now those concerns have all vanished,&quot; Adnan Al Hammadi, CEO of the RTA&#8217;s Rail Agency, said.</p>
<p>    							&ldquo;<br />
    								We started off with 50,000 passengers daily, which has now crossed 320,000 &mdash; and 360,000 on weekends</p>
<p>Adnan Al Hammadi, CEO of the RTA&#8217;s Rail Agency</p>
<p>&quot;We started off with 50,000 passengers daily, which has now crossed 320,000 &mdash; and 360,000 on weekends.&quot;</p>
<p>Emiratis using the Metro add up to about 12 per cent of all commuters, reflecting the demographic make-up of the city, he said.</p>
<p>															Article continues below</p>
<div style='margin-bottom:5px'>© 2011 Gulf News (<a href='http://www.gulfnews.com'>www.gulfnews.com</a>)</div>
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		<title>&#8216;Underwater&#8217; vs. Foreclosure</title>
		<link>http://bcltedu.info/underwater-vs-foreclosure</link>
		<comments>http://bcltedu.info/underwater-vs-foreclosure#comments</comments>
		<pubDate>Wed, 22 Feb 2012 11:05:36 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://bcltedu.info/underwater-vs-foreclosure</guid>
		<description><![CDATA[By KAREN BLUMENTHAL What does being &#8220;underwater&#8221; in your house really mean? Probably not that you&#8217;re drowning. The number of underwater homeowners &#8212; those who owe more on their mortgages than their home is now worth &#8212; has been growing sharply since 2006 as real-estate prices have tumbled. By some estimates, between one in six [...]]]></description>
			<content:encoded><![CDATA[<div class="article story">
<div class="articlePage">
<h3 class="byline">By <a href="/search/term.html?KEYWORDS=KAREN+BLUMENTHAL&amp;bylinesearch=true">KAREN BLUMENTHAL</a></h3>
<p>What does being &#8220;underwater&#8221; in your house really mean? Probably not that you&#8217;re drowning.</p>
<p>The number of underwater homeowners &#8212; those who owe more on their mortgages than their home is now worth &#8212; has been growing sharply since 2006 as real-estate prices have tumbled. By some estimates, between one in six and one in eight homeowners are in that position, most of them people who bought homes in the past few years or who put down small or no down payments.</p>
<p>This worries economists and policy makers, since owing more than your home is worth is the first step toward foreclosure. And it&#8217;s a concern to the rest of us because foreclosures are roiling the financial markets and, closer to home, they drag down our neighborhoods. (Most people who still have equity, by contrast, would rather sell their houses at a loss than lose what&#8217;s left of their investment.)</p>
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<p>In response to concerns about rising foreclosure and delinquency rates, federal regulators are studying possible new programs aimed at needy homeowners. There are concerns that such programs could attract a flood of applications from those who don&#8217;t truly need assistance or encourage lenders to push homeowners into foreclosure. At the same time, lenders such as <a href="/public/quotes/main.html?type=djn&amp;symbol=JPM" class="companyRollover link11unvisited">J.P. Morgan Chase</a> and <a href="/public/quotes/main.html?type=djn&amp;symbol=bac" class="companyRollover link11unvisited">Bank of America</a> have committed to working on new loan terms for the most-distressed homeowners.</p>
<p>But experts who have studied previous sharp housing downturns in Texas, California, New York and Massachusetts say that being underwater, while unpleasant, doesn&#8217;t lead huge numbers of homeowners to default on their mortgages and end up in foreclosure.</p>
<p>Christopher L. Foote, Kristopher Gerardi and Paul S. Willen of the Boston Federal Reserve Bank studied more than 100,000 homeowners who were underwater in Massachusetts in 1991 and found that just 6.4% of them lost their homes to foreclosure over the next three years, according to a paper published in the September Journal of Urban Economics. The vast majority of homeowners simply continued paying as usual because they focused on the affordability of their payments, not on what they owed, and they believed home values would eventually recover.</p>
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<p>The economists found that homeowners typically lost their homes only after at least two things happened: Their home values dropped and they either couldn&#8217;t afford the payments or stopped making payments after losing hope that prices would eventually recover.</p>
<p>Homeowners in California also were more likely than expected to keep paying during the deep 1990s slump, says Richard Green, director of the Lusk Center for Real Estate at the University of Southern California. More people turned in their keys in Ohio and Michigan during the difficult 1980s downturn because they lost faith in an economic turnaround.</p>
<p>Typically, homeowners fall behind after a job loss, divorce or serious illness. In the current downturn, foreclosures are higher than in previous cycles because more homeowners reached beyond their means to buy their homes and simply can&#8217;t keep up the payments. As a result, the Boston economists project that up to 8% of underwater Massachusetts homeowners could lose their homes between now and 2010 &#8212; a significant amount, but still not catastrophic.</p>
<p>So what does this all mean for you?</p>
<p>If you have a low-interest fixed-rate loan, you have a valuable asset that might be hard to replace in the current market, no matter what your home&#8217;s value is. Keeping that mortgage current has some value, even if it means cutting other household expenses.</p>
<p>In addition, the penalties for defaulting are great. In most cases, walking away from a mortgage can knock a top credit score down to the cellar, says Ethan Dornhelm, a senior scientist at Fair Isaac Corp., which sells credit-scoring formulas to credit bureaus.</p>
<p>A person with a stellar credit score from the high 700s to the top score of 850 would see it drop more than 200 points. A person whose credit score is lower may see it fall by fewer points, but still end up with a score in the mid 500s. At that level, reasonably priced new debt, from credit cards to car loans, will be out of reach. In addition, a default could lead landlords and utilities to require more cash up front and even affect your job prospects.</p>
<p>If the borrower continues to pay other debts on time, the score will climb gradually, though it may take three to five years to return to &#8220;good&#8221; scores, from the mid-600s and up. Scores of 790 or more &#8212; which are rewarded with the lowest interest rates &#8212; won&#8217;t be attainable for at least seven years, when the default blemish finally disappears, Mr. Dornhelm says.</p>
<p><a href="/public/quotes/main.html?type=djn&amp;symbol=FNM" class="companyRollover link11unvisited">Fannie Mae</a> requires borrowers who have lost their homes to foreclosure to wait five years before it will accept a loan from them, though borrowers who had extenuating circumstances, such as an illness or job loss, may requalify within three years.</p>
<p>What&#8217;s more, lenders in most states can go after homeowners for an unpaid balance on a mortgage. That&#8217;s a real risk, especially if you have other assets.</p>
<p>The longer you stay in your house, the better the chances of making it through this down cycle. Though a return to peak prices may take five or 10 years, some housing markets may start to bounce back once credit becomes more available. Meanwhile, you&#8217;ll be reducing your mortgage as you make your payments.</p>
<p>Lenders aren&#8217;t going to renegotiate just because prices have fallen, but if you truly can&#8217;t afford your payments, contact your mortgage servicer to see if you can rework your interest rate or work out new payment options. The federal Hope for Homeowners program, which began Oct. 1, is intended to provide some relief if lenders will agree to reduce the loan amount to 90% of the home&#8217;s current value.</p>
<p>If you can&#8217;t get help from your lender, try contacting a credit counselor certified by the Department of Housing and Urban Development. These counselors have direct access to lenders&#8217; loss-mitigation departments, which consumers don&#8217;t, says Natalie Lohrenz, counseling administrator for Consumer Credit Counseling Service of Orange County, Calif. A list of HUD-certified counselors is available through Hope Now, a consortium of lenders and counselors. (Call 888-995-HOPE or go to <a class="" href="http://www.hopenow.com" target="_blank">www.hopenow.com</a>.)</p>
<p>If you need to sell the property and can&#8217;t afford to cover the shortfall, your lender may agree to a &#8220;short sale,&#8221; in which you sell at a price below the mortgage amount. This is a much more complicated transaction to pull off than a regular home sale, though, and it may hurt your credit score if the lender reports that you failed to pay off the whole obligation.</p>
<ul class="articleList">
<li><span>Email: <a class="" href="mailto:familymoney@wsj.com">familymoney@wsj.com</a></span></li>
</ul>
<p><cite class="paperLocation">Printed in The Wall Street Journal, page D1</cite><!-- article end -->
</div>
</div>
<div style='margin-bottom:5px'>© 2011 Wall Street Journal (<a href='http://www.wsj.com'>www.wsj.com</a>)</div>
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		<title>Capture of Peruvian drug kingpin won&#8217;t stem tide</title>
		<link>http://bcltedu.info/capture-of-peruvian-drug-kingpin-wont-stem-tide</link>
		<comments>http://bcltedu.info/capture-of-peruvian-drug-kingpin-wont-stem-tide#comments</comments>
		<pubDate>Wed, 22 Feb 2012 08:12:04 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Religion]]></category>

		<guid isPermaLink="false">http://bcltedu.info/capture-of-peruvian-drug-kingpin-wont-stem-tide</guid>
		<description><![CDATA[LOS ANGELES, CA (Catholic Online) &#8211; Artemio was captured on February 12 by a joint police-army patrol in Cashiyacu, in the northern region of San Martín. The rebel leader was shot and injured by one of his fellow insurgents on February 9. The Sendero Luminoso or &#8220;Shining Path&#8221; leader was not actually found until Feb. [...]]]></description>
			<content:encoded><![CDATA[<div class="article">LOS ANGELES, CA (Catholic Online) &#8211; Artemio was captured on February 12 by a joint police-army patrol in Cashiyacu, in the northern region of San Martín. The rebel leader was shot and injured by one of his fellow insurgents on February 9.</p>
<p>The Sendero Luminoso or &#8220;Shining Path&#8221; leader was not actually found until Feb. 12, with a badly injured and infected hand.</p>
<p>&#8220;It is without a doubt a very important capture, but the drug trafficking industry will continue operating,&#8221; Nobel Panduro, an experienced radio journalist says.</p>
<p>&#8220;Artemio forged strong ties with the coca growers and the trafficking &#8216;firms&#8217;, but his imprisonment will not prevent them from finding someone else to protect their operations, whether a member of Sendero Luminoso or anyone else who has an armed group.&#8221; Panduro interviewed Artemio in 2001, 2003 and 2006.</p>
<p>&#8220;Sendero Luminoso received &#8216;cupos&#8217; (war tax payments) from the drug traffickers to make sure drug production continued unimpaired, which is why the Maoists attacked the antinarcotics forces and the teams tasked with &#8216;eradicating&#8217; coca crops (by hand). With Artemio in prison, anyone who can offer the mafias security will replace him,&#8221; he added.</p>
<p>Artemio was born in 1961 in Camaná, a coastal town in southern Peru. After completing his compulsory military service, he joined Sendero Luminoso at the age of 20. The rebel group was founded in 1970 by Abimael Guzmán, who was captured in 1992 and is serving a life sentence at a naval base.</p>
<p>The 50-year-old Artemio quickly rose up in the ranks of Sendero; thanks to the military commando training he received in the army.</p>
<p>In a 1988 meeting, Artemio is seen sitting next to Guzmán and the rest of the group&#8217;s top leaders, which confirmed his status in the organization, where he was in command of the Huallaga Regional Committee where the main trafficking organizations active in the flourishing drug trade were based.</p>
<p>When Guzmán was captured in 1992 and declared the end of the armed struggle against the Peruvian state, Artemio refused to surrender. The Sendero remnant he led survived the governments of presidents Alberto Fujimori, who served until 2000, Alejandro Toledo who served until 2006 and Alan Garcia&#8217;s second term that lasted until 2011.</p>
<p>&#8220;The drug traffickers have lost a major source of support with Artemio&#8217;s capture. But the armed apparatus that he headed remains intact,&#8221; reporter Felipe Páucar says.<br />&nbsp;<br /><span>© 2012, Catholic Online. Distributed by NEWS CONSORTIUM.</span></div>
<div style='margin-bottom:5px'>Published by: Catholic Online (<a href='http://www.catholic.org'>www.catholic.org</a>)</div>
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		<title>Thinspace and Mantech partners in the Middle East</title>
		<link>http://bcltedu.info/thinspace-and-mantech-partners-in-the-middle-east</link>
		<comments>http://bcltedu.info/thinspace-and-mantech-partners-in-the-middle-east#comments</comments>
		<pubDate>Wed, 22 Feb 2012 05:12:04 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Top Stories]]></category>

		<guid isPermaLink="false">http://bcltedu.info/thinspace-and-mantech-partners-in-the-middle-east</guid>
		<description><![CDATA[Thinspace and Mantech Computers announced an exclusive partnership that promises to accelerate the deployment of Cloud Client computing technology to enterprise customers in the Kingdom of Bahrain. The Partnership also targets the whole of the GCC region. Thinspace&#8217;s market leading product portfolio and software solutions bring significant cost, security and environmental benefits to businesses. It [...]]]></description>
			<content:encoded><![CDATA[<p>Thinspace and Mantech Computers announced an exclusive partnership that promises to accelerate the deployment of Cloud Client computing technology to enterprise customers in the Kingdom of Bahrain. The Partnership also targets the whole of the GCC region.</p>
<p>
      Thinspace&#8217;s market leading product portfolio and software solutions bring significant cost, security and environmental benefits to businesses. It is an ideal solution to enable secured access anytime from anywhere, with enterprise level remote management capabilities. Founded in 1979, Mantech Computers is the longest established computing company in Bahrain, and provides hardware, software and security solutions. </p>
<p>Committed to providing users in Bahrain and <acronym title="Gulf Cooperation Council">GCC</acronym> countries with innovative and state-of-the-art IT solutions, Mantech and Thinspace share similar strategic visions in a post-PC era.</p>
<p>Hassan Bader Kaiksow, Managing Director of Mantech said, &#8220;We&#8217;ve been dedicated to providing  our customers with the best IT services and solutions  since 1979. The partnership with Thinspace enables us to further embrace the next generation computing model, and assist in taking Bahrain&#8217;s Cloud computing to the next level.&#8221; </p>
<p>Thinspace will leverage Mantech&#8217;s leadership position in Bahrain to target industries and large enterprise customers, including financial, healthcare, education and government sectors.</p>
<p>Lisa Layzell, CEO of Thinspace said, &#8220;We are delighted to partner with the best. Mantech has a long standing reputation and the right infrastructure to effectively deliver the unique benefits of our Cloud Client solutions to all major industry sectors in Bahrain, as well as a wide range of partners in the <acronym title="Gulf Cooperation Council">GCC</acronym> region.&#8221;</p>
<p>This strategic partnership was brought together by consultancy firm Curved Theory, with high level support from the Bahrain Economic Development Board (EDB) and the Daresbury Science and Innovation Campus (DSIC). The initial relationship was developed during a UK roadshow led by the EDB in October 2011, which focused on direct outreach activities across a number of key sectors including IT and technology. </p>
<p>Paul Abley, Managing Director of Curved Theory commented &#8220;I am very pleased that the agreement has been finalised between Thinspace and ManTech. ManTech are ideally placed to maximise the benefits that the Thinspace product suite offers and will be able to represent Thinspace in a new and exciting market. I would like to thank both the Bahrain EDB and Daresbury teams for the assistance with the Bahrain Springboard program and look forward to other commercial agreements being finalised in the near future.&#8221;</p>
<p>Shaikh Mohammed bin Essa Al Khalifa, Chief Executive of the Bahrain Economic Development Board said, &#8220;Bahrain boasts one of the Middle East&#8217;s most liberal and advanced information, communications and technology infrastructures and policy approaches, with amongst the highest mobile and internet penetration rates in the region. Given this, it makes clear sense that Thinspace and Mantech Computers are partnering to take a leading role in implementing Cloud Client computing technology in the Kingdom. I am delighted that the EDB was able to play a role in bringing these likeminded businesses together.&#8221;
    </p>
<div style='margin-bottom:5px'>© 2011 AMEINFO (<a href='http://www.ameinfo.com'>www.ameinfo.com</a>)</div>
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		<title>Whitney Houston&#8217;s clothes, earrings up for auction</title>
		<link>http://bcltedu.info/whitney-houstons-clothes-earrings-up-for-auction</link>
		<comments>http://bcltedu.info/whitney-houstons-clothes-earrings-up-for-auction#comments</comments>
		<pubDate>Wed, 22 Feb 2012 02:12:04 +0000</pubDate>
		<dc:creator>VicPlough</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://bcltedu.info/whitney-houstons-clothes-earrings-up-for-auction</guid>
		<description><![CDATA[By Tim Kenneally Mon Feb 20, 2012 5:01pm EST LOS ANGELES (TheWrap.com) &#8211; Whitney Houston has barely been dead a week, and already several of her belongings &#8212; including a pair of earrings and a vest that she wore in the 1992 movie &#8220;The Bodyguard&#8221; &#8212; will go on the auction block next month. The [...]]]></description>
			<content:encoded><![CDATA[<p><span><br />
<span></span></p>
<div>
<p class="byline">By Tim Kenneally</p>
<p>
        <span class="timestamp">Mon Feb 20, 2012 5:01pm EST</span>
        </p>
</p></div>
<p><span></span><span class="focusParagraph">
<p>LOS ANGELES (TheWrap.com) &#8211; Whitney Houston has barely been dead a week, and already several of her belongings &#8212; including a pair of earrings and a vest that she wore in the 1992 movie &#8220;The Bodyguard&#8221; &#8212; will go on the auction block next month.</p>
<p></span><span></span>
<p>The items, which celebrity auctioneer Darren Julien obtained following the singer&#8217;s February 11 death, will be included in the Hollywood Legends auction, which will be held at Julien&#8217;s Auctions in Beverly Hills on March 31 and April 1.</p>
<p><span></span>
<p>Also among the Houston items that will go on the auction block: Several dresses, including a floor-length, black velvet dress owned by the singer and valued at $1,000-$2,000. (The vest and faux-pearl earrings that Houston wore in her breakthrough film &#8220;The Bodyguard&#8221; are valued at $400-600 and $600-$800, respectively.</p>
<p><span></span>
<p>The Hollywood Legends auction will also include memorabilia such as Charlie Chaplin&#8217;s cane, the jacket that Clark Gable wore in &#8220;Gone With the Wind,&#8221; and the staff that Charlton Heston used in the 1956 epic &#8220;The Ten Commandments.&#8221;</p>
<p><span></span>
<p>Houston died at the Beverly Hilton hotel in Beverly Hills on February 11, prior to Clive Davis&#8217; annual pre-Grammys party. The singer was found submerged in her bathtub by a member of her personal staff, and emergency responders were unable to revive her. Houston was 48.</p>
<p><span></span>
<p>The singer was buried in at the Fairview Cemetery in Westfield, N.J. &#8212; next to her father, who died in 2003 &#8212; on Sunday. On Saturday, an invitation-only funeral service for Houston at the New Hope Baptist Church in Newark, N.J. &#8212; which Houston attended and sang at as a child &#8212; included tributes from Kevin Costner, Stevie Wonder, Alicia Keys, Houston&#8217;s producer Clive Davis and others.</p>
<p><span></span>
<p>A cause of death has not yet been announced, pending the results of a toxicology test.</p>
<p><span></span>
<p>(Editing By Zorianna Kit)</p>
<p><span></span></span>
<div style='margin-bottom:5px'>© 2011 REUTERS (<a href='http://www.reuters.com'>www.reuters.com</a>)</div>
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