Rival to World Bank, with India equal role

New Delhi, Sept. 7: India has convinced China and three other emerging economies to create a rival to the 68-year-old World Bank with equal contributions from the five members, rejecting Beijing?s proposal to give more than the rest which would have allowed it to dominate the institution.

The New Development Bank, as the initiative by Brazil, Russia, India, China and South Africa will be called, will start with a capital of $50 billion. The five nations took the decision on the sidelines of the G20 summit near St Petersburg, which was attended by Prime Minister Manmohan Singh.

The rejection of China?s proposal comes after months of quiet but persistent Indian lobbying with the other members of BRICS, as the five-nation grouping is called. Eventually, this resulted in an agreement during the global conclave in Russia, senior Indian officials told The Telegraph.

?We just couldn?t agree to a development bank dominated by one country,? an official said. ?That would have ended up being no different from the institutions and financial systems the New Development Bank is trying to present an alternative to.?

Although differences between the BRICS countries persist on elements of the bank?s future and even its location, these nations see the institution as a key component of an alternative to the West-dominated financial system put in place after the Second World War.

While India and other BRICS countries have turned to the World Bank and the International Monetary Fund for assistance in the past, developing nations have frequently complained about the perceived hegemony of the US and other developed nations over these institutions.

In Durban in March, the five nations ? home to about 3 billion people or 40 per cent of the world?s population ? had decided on a Contingent Reserve Agreement. Under this, they were to create a $100-billion fund that each member could dip into during financial emergencies.

Loosely a BRICS parallel to the International Monetary Fund, the reserve will have differential capital put in by the various members. China, by far the largest of the BRICS economies, will pitch in with $41 billion; Russia, Brazil and India will each contribute $18 billion; and South Africa will give $5 billion.

But unlike the development bank, the contingency reserve did not become the focus of diplomatic tussles. Only the five members can dip into it, and it needs no physical infrastructure ? the central bank of each BRICS nation will simply set aside its contribution.

In contrast, the development bank, first pitched formally a year ago, can emerge as an actual rival to the World Bank because all countries, especially other nations in the developing world, can seek assistance from it.

?The development bank is a diplomatic tool to raise the global influence of the BRICS countries,? a Brazilian diplomat in New Delhi said.

When China proposed an initial capital of $100 billion for the development bank, of which it was willing to contribute half, India opposed the move. Over the past six months, India worked to bring the other BRICS nations on its side, officials said.

Russia was the first to be persuaded, followed by Brazil. South Africa, which has the smallest economy among the grouping?s members, eventually came on board. Each member will now contribute $10 billion for an overall capital of $50 billion.

But differences remain over the leadership structure of the bank, and over who will host its headquarters.

Source: http://www.telegraphindia.com/1130908/jsp/nation/story_17325638.jsp

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In the Closest North London Rivalry In Years, Who Will Reign Supreme? Arsenal or Spurs?

With six London clubs currently plying their trade in England?s Premier League, there will be plenty of local derby matches to look forward to this season.? None of these fixtures, it can be argued, will be more fiercely contested than those between Arsenal and Tottenham Hotspur.? The return of The Recently More Diplomatic One will have injected some spice into already key games with perennial title hopefuls Chelsea, but there is still something special about the north London rivalry.? With only four miles separating the stadiums and only two points total in the last two seasons separating the teams, any historic animosity has only been ignited further.

With one tedious and protracted transfer window and a 1-0 to the Arsenal already in the books, it?s clear that both Arsenal and Spurs face pivotal seasons.? Arsene Wenger is in the last year of his contract and currently on an eight year trophyless streak.? Andre Villas-Boas has thrown the check book, kitchen sink and Gareth Bale at the transfer window and would surely not survive another finish outside of the top four. Both managers are under enormous pressure to deliver in an increasingly competitive league.? What remains to be seen is which of their footballing philosophies will bear fruit.

For the first time in many summers, Arsenal fans didn?t have to endure the slow but inevitable departure of their star player (and usually the club captain to boot). Spurs fans, by contrast, spent the majority of it with one eye on a stage at the Bernabeu and the other on Twitter as a steady stream of new players joined their ranks. In an effort to mitigate the loss of their talisman Bale, Spurs went about their summer business aggressively and swiftly brought in seven very good signings.? Arsenal, usually so reluctant to acquire anything that isn?t French or free (or preferably both), obliterated their club transfer record at the last minute on one world-class playmaker.? It?s hard to imagine Wenger making such wholesale changes such is his preoccupation with team balance and stability. Wenger, so often criticized in the past for a lack of home grown players, is now betting on the evolution of a solid British core of Jenkinson, Ramsey, Wilshere, Walcott and Oxlade-Chamberlin. AVB?s expensive foreign revolution has only just begun.

So the period between now and the next transfer window in January will be a season within a season. Despite the Ozil transfer coup and the Flamini security blanket, Arsenal are still considered light in numbers and their thin squad must navigate a very tricky UEFA Champions League group. Spurs must hope that their new signings bed in quickly and find a more convincing synchronicity and understanding than they have demonstrated so far.? Depending on what happens between now and 2014, both teams could find themselves squaring-off in another important transfer window.? Any serious injury to Giroud or freshman wobbles from Soldado would leave both sides worrying about goals.? With the majority of the much vaunted war chest still safely stashed under Wenger?s floorboards, combined with the draw of Ozil and a newly found penchant for spending, there could well be additional new faces at the Emirates.? Spurs will argue that they recouped much of their summer outlay from the massive Bale transfer fee and could still spend more, but surely must now have one eye on their increasing wage bill.

Whatever transpires in the interim, by the time these two sides meet again in mid-March it will be fascinating to see whether north London is still red or turning white.

Source: http://feedproxy.google.com/~r/EPLTalk/~3/WhUn_66f4nw/

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Israel deploys missile defense near Jerusalem

JERUSALEM -- The Israeli military has deployed an "Iron Dome" missile defense battery in the outskirts of Jerusalem.

Associated Press video footage showed the missile defense system positioned there Sunday afternoon. The Israeli military refused comment, citing operational protocol.

Israel is concerned that Syria, or a group allied with the regime like Hezbollah, could launch missiles at Israel if the U.S. attacks over its alleged use of chemical weapons against civilians.

Even though Israel believes it unlikely that Syria will attack the Jewish state, it is making preparations just in case. It has deployed air defense systems, drafted a small amount of reserve soldiers and is handing out gas masks.

The "Iron Dome" system has shot down hundreds of rockets launched by Hamas militants in the Gaza Strip at Israeli cities.

Source: http://www.miamiherald.com/2013/09/08/3613994/israel-deploys-missile-defense.html

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Video highlights from Texas A&M?s 65-28 victory over Sam Houston State. The pos...

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Source: http://www.facebook.com/MrSECdotcom/posts/638056349562395

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Career Texas High School Records ? 51 Record Book Changes In All ? Week 1 2013

2013 Week One Texas High School Football Record Changes

LAST WEEK

* Colorado City QB Dillon Gainey had 483 yards passing last week vs. Breckenridge. The 483 yards puts him in a tie for 81st place all-time.

* Copperas Cove QB Manny Harris completed 34 of 51 passes for 516 yards and 4 touchdowns vs. A&M Consollidated last week. His 34 completions puts him in a tie for 67th place all-time. His 51 attemtps puts him in a tie for 133rd place all-time. The 516 yards puts him in 39th place all-time.

* Copperas Cove WR Phillip Baptiste caught 13 passes for 256 yards. The 256 yards puts him in a tie for 82nd place all-time.

THIS WEEK

* Whitehouse QB Patrick Mahomes completed 33 of 48 passes for 395 yards with 4 touchdowns during their win over Tyler Chapel Hill. His 33 completions puts him in a tie for 83rd place all-time.

* Corsicana-Mildred K Devin O?Sullivan kicked 3 extra points during their loss to Centerville. For his career, he has now 229 career extra points which breaks the all-time record.

* Huffman Hargrave WR Darion Gray caught 9 passes for 119 yards and 2 touchdowns during their victory over Houston Worthing. For his career, he now has 171 catches for 1,919 yards and 23 touchdowns. His 171 catches puts him in a tie for 54th place all-time.

* Houston Worthing QB Alfred Robertson had 459 yards passing during their loss to Huffman Hargrave. That puts him in a tie for 192th place all-time.

* Longview Pine Tree QB Dalvin Manns completed 24 passes on 40 attempts for 502 yards and 3 touchdowns during their victory over Center. The 502 yards puts him in a tie for 53rd place all-time.

* Salado QB McLane Carter completed 35 passes on 56 attempts for 613 yards and 8 touchdowns during their loss to Lorena. His 35 completions puts him in a tie for 47th place all-time. His 56 attemps puts him in a tie for 71st place all-time. The 613 yards puts him in 4th place all-time. The 8 touchdowns thrown puts him in a tie for 5th place all-time.

* Salado WR Kase Spears caught 15 passes for 275 yards with 3 touchdowns during their loss to Lorena. The 15 catches puts him in a tie for 53rd place all-time. The 275 yards puts him in a tie for 46th place all-time.

* Lubbock Roosevelt QB Derek Coppedge completed 36 passes on 52 attempts for 342 yards and 5 touchdowns during their victory over Dimmitt. His 36 completions puts him in a tie for 39th place all-time. His 52 attemps puts him in a tie for 123rd place all-time.

* Cameron Yoe QB Jason Kopriva completed 12 of 14 passes for 147 yards and 3 touchdowns during their victory over Lexington. For his career, he now has 426 completions on 682 attempts for 5,409 yards and 67 touchdowns. His 426 completions puts him in a tie for 124th place all-time. His 67 touchdowns has him in 110th place all-time.

* Refugio QB Travis Quintanilla completed 14 passes on 24 attempts for 273 yards and 2 touchdowns during their victory over Edna. For his career, he has now completed 420 passes on 616 attempts for 8,398 yards with 111 touchdowns. His 420 completions puts him in a tie for 133rd place all-time. His 8,398 yards puts him in 29th place all-time. His 111 touchdowns has him in 8th place all-time.

* Refugio K Adolfo Cordero kicked 6 extra points during their victory over Edna. For his career, he has now 203 career extra points. That is good enough for 6th place all-time.

* Refugio won their 63rd consecutive regular season game during their victory over Edna. That is good enough for 4th place all-time.

* Allen K Carlos Arochi kicked 4 extra points and 3 field goals during their victory over Cedar Hill. For his career, he has now 164 career extra points and 27 career field goals. The 164 extra points puts him in a tie for 16th place all-time. His 27 field goals has him in a tie for 24th place all-time.

* Sunnyvale WR Josh Quinn caught 3 passes for 56 yards and 0 touchdowns during their victory over Dallas Life Oak Cliff. For his career, he now has 116 catches for 2,105 yards and 32 touchdowns. His 32 touchdowns puts him in a tie for 74th place all-time.

* Stamford WR James Washington caught 4 passes for 127 yards and 2 touchdowns during their victory over Munday. For his career, he now has 134 catches for 2,141 yards and 40 touchdowns. His 40 touchdowns puts him in a tie for 33rd place all-time.

* Wellington QB Klark Ashmore completed 7 of 14 passes for 71 yards and 1 touchdown during their victory over Panhandle. For his career, he has now completed 373 passes on 596 attempts for 5,486 yards with 77 touchdowns. His 77 touchdowns has him in a tie for 67th place all-time.

* Southlake Carroll K Drew Brown kicked 9 extra points and 0 field goasl during their victory over Midland Lee. For his career, he has now 172 career extra points and 28 career field goals. The 172 extra points puts him in 11th place all-time. His 28 field goals has him in a tie for 22nd place all-time.

* Argyle K Cole Hedlund kicked 3 field goals during their victory over Fort Worth Nolan. That gives him 38 field goals for his career which puts him in a tie for 6th place all-time.

* Argyle WR Ian Sadler caught 2 passes for 57 yards and 0 touchdowns during their victory over Fort Worth Nolan. For his career, he now has 122 catches for 2,438 yards and 25 touchdowns. His 2,438 yards puts him in 125th place all-time.

* Carthage QB Blake Bogenschultz completed 17 of 27 passes for 352 yards and 4 touchdowns during their victory over Lindale. For his career, he now has 396 completions on 714 attempts for 6,199 yards and 69 touchdowns. His 396 completions puts him in 159th place all-time. His 69 touchdowns has him in a tie for 94th place all-time.

* San Antonio Johnson WR Josh Theissen caught 9 passes for 328 yards during their game against Brandeis. The 328 yards puts him in 10th place all-time.

* San Antonio Johnson QB Hunter Rittimann completed 17 of 26 passes for 474 yards and 6 touchdowns during their game against Brandeis. The 474 yards puts him in a tie for 101st place all-time.

* Booker QB Hunter Lile completed 23 passes on 31 attempts for 379 yards and 3 touchdowns during their victory over Claude. For his career, he has now completed 575 passes on 996 attempts for 7,754 yards with 89 touchdowns. His 575 completions puts him in 32nd place all-time. His 996 attempts puts him in 21st place all-time. His 7,754 yards puts him in 54th place all-time. His 89 touchdowns has him in a tie for 31st place all-time.

* Booker WR JR Jared Reagan caught 10 passes for 162 yards and 2 touchdowns during their victory over Claude. For his career, he now has 169 catches for 1,976 yards and 22 touchdowns. His 169 catches puts him in a tie for 57th place all-time.

* Alpine QB Evan Moore completed 14 passes on 34 attempts for 149 yards and 0 touchdown during their game against Wink. For his career, he has now completed 421 passes on 759 attempts for 6,049 yards with 52 touchdowns. His 421 completions puts him in a tie for 131st place all-time.

* Mount Pleasant WR Kadarrius (K.D.) Cannon caught 6 passes for 59 yards and 1 touchdown during their victory over Texarkana Liberty-Eylau. For his career, he now has 179 catches for 2,701 yards and 38 touchdowns. His 179 catches puts him in a tie for 40th place all-time. His 2,701 yards puts him in 76th place all-time. His 38 touchdowns puts him in a tie for 37th place all-time.

* Four games made the all-time list for poinst scored in a regular season game by both teams. Mansfield Lake Ridge beat Burleson Centennial 77-75 in 3OT scoring 152 points, Lorena beat Salado 75-67 scoring 142 points, San Antonio Brandeis beat San Antonio Johnson 68-53 scoring 121 points and Longview Pine Tree beat Center 64-49
scoring 113 points.

By: Michael Wright
Lone Star Gridiron

Source: http://lonestargridiron.com/2013/09/08/career-texas-high-school-records-51-record-book-changes-in-all-week-1-2013/

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BJP, Modi ?damaging? to India?s secular ethos: Farooq Abdullah

Srinagar, Sept. 8 (ANI): Chairperson of Jammu and Kashmir National Conference Farooq Abdullah on Sunday alleged that the Bharatiya Janata Party (BJP) poses a ?dangerous? and ?damaging? threat to the country?s secular credentials, and reiterated that his party is strongly opposed to their ideology.

?As far as the National Conference goes, we have nothing to do with Modi?s nomination or the BJP. We want to stay as far as possible from them. We are not going to make any compromise on that,? Abdullah said.

?We believe that that will be dangerous and damaging to the Indian secular ethos,? he added.

Earlier today, a two-day high level ?Samanvay Baithak meeting? of Rashtriya Swayamsevak Sangh (RSS) and Bharatiya Janata Party (BJP) leaders began in New Delhi amidst speculations that BJP poll panel chief Narendra Modi likely to be declared as the Prime Ministerial candidate for the 2014 general elections.

According to reports, Rajnath Singh, who held back the announcement in the hope of achieving unanimity on Modi, has decided to go ahead despite continuing reservations from a couple of senior leaders.

He conveyed his readiness to RSS chief Mohan Bhagwat on Wednesday and followed that up by apprising former BJP chief Murli Manohar Joshi of the same on Thursday.

The BJP President had earlier said the criticism of Modi has increased after he was made the party?s campaign committee chief, and added that such attacks by the political opponents would increase in the days to come. (ANI)

Source: http://truthdive.com/2013/09/08/BJP-Modi-damaging-to-India-s-secular-ethos-Farooq-Abdullah.html

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Dreams: The Telling Tells More Than The Contents

How we describe our dreams can be more important than what they contain. Host Rachel Martin talks with Stephen Grosz, a practicing psychoanalyst and the author of The Examined Life: How We Lose and Find Ourselves. Grosz uses dreams to better understand his patients' motivations and feelings.

Source: http://www.npr.org/templates/story/story.php?storyId=220293520&ft=1&f=1007

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