No way out: 112 killed in fire at 'high risk' Bangladesh garment factory

AP

Bangladeshis and firefighters battle a fire at a garment factory in the Savar neighborhood in Dhaka, Bangladesh,where more than 100 workers were killed Saturday.

DHAKA, Bangladesh — At least 112 people were killed in a fire that raced through a multi-story garment factory just outside of Bangladesh's capital, Dhaka, an official said Sunday.

The blaze broke out late Saturday at the eight-story factory operated by Tazreen Fashions Ltd., a subsidiary of the Tuba Group, which supplies Walmart and other major retailers in the U.S. and Europe.

By Sunday morning, firefighters had recovered 100 bodies, fire department Operations Director Maj. Mohammad Mahbub told The Associated Press. He said another 12 people who had suffered injuries after jumping from the building to escape the fire later died at hospitals. The death toll could rise as the search for victims was continuing, he said.

Local media reported that up to 124 people were killed in the fire. The cause of the blaze was not immediately clear, and authorities have ordered an investigation.

Army soldiers and paramilitary border guards were deployed to help police keep the situation under control as thousands of onlookers and anxious relatives of the factory workers gathered at the scene, Mahbub said. He would not say how many people were still missing.

Tazreen was given a "high risk" safety rating after May 16, 2011, audit conducted by an ethical sourcing assessor for Wal-Mart, according to a document posted on the Tuba Group's website. It did not specify the conditions or violations that led to the rating.

A spokesman for Wal-Mart said online documents indicating that the factory received an orange or "high risk" assessment after the May 2011 inspection and a yellow or "medium risk" report after an inspection in August 2011 appeared to pertain to the factory where the fire occurred.

The August 2011 letter said Wal-Mart would conduct another inspection within one year. Spokesman Kevin Gardner said it was not clear if that inspection had been conducted, or if the factory was still making products for Wal-Mart.

If a factory is rated "orange" three times in a two-year period, Wal-Mart won't place any orders for one year. The May 2011 report was the first orange rating for the factory.

There was no indication whether the violations had been fixed since the May inspection. Neither Tazreen's owner nor Tuba Group officials could be reached for comment.

AP

Smoke billows out of the building as firefighters try and bring equipment to bear.

Read More..

Is the electric car dying again?

A second administration of President Barack Obama will be forced to revisit the issue of subsidies for renewable energy and, with it, those for electric vehicles. Despite the millions of dollars spent on government incentives, marketing and promotion, sales of fully electric cars are well below projected targets. Investment in vehicle charging infrastructure also has fallen victim to budget cutbacks, limited usage and concern over the return on money spent.

Indeed, only last month, a leading automotive battery manufacturer, A123 Systems, was forced to declare bankruptcy. And the founder and CEO of Better Place, Shai Agassi, whose company (in which I was employed) promotes all-electric vehicles with batteries that can be both charged and replaced, was himself replaced due to low sales figures and high capital expenses arising from the deployment of battery-switching stations.

As a result, the question is now being raised: Are we again bearing witness to the death of the electric car?

Any such conclusion over the longer term may be premature. With declining costs and gradually improving technologies that can extend battery range beyond its current limitations, the electric car continues to hold promise. Rising gasoline prices and potential disruptions in oil supply favor alternative sources of energy.

To achieve mass market adoption, however, cars running on electricity — or any other alternative energy source — must satisfy the three “C’s”: cost, convenience and connectivity.

Few buyers are able or willing to pay more for a car running on clean energy unless the upfront cost of the car roughly equals or is below its carbon-powered alternative. Advertised savings over time in powering a car using alternative “fuels” so far have failed to persuade the average driver to buy. And while government subsidies play a role in reducing initial costs to consumers, such incentives so far have not been sufficient to attract large numbers of drivers to switch to electric vehicles.

Cars driven solely or partially by electricity or other alternative energies also must be at least as convenient as those powered exclusively by internal combustion engines. Drivers appear unwilling to sacrifice the expected hundreds of miles in driving range between refuelings. Likewise, drivers demand refueling times equal to what they are accustomed — about five minutes at the gasoline station.

Further, there must be adequate infrastructure in place to enable large numbers of drivers to connect to an alternative energy source before that source can be widely adopted. While a scattering of drivers simultaneously connecting to a power grid may not have much impact, large numbers of drivers doing so can cause major power outages that escalate absent the real-time balancing of energy loads across the network. Moreover, the environmental impact of the connected cycle between car and infrastructure, often referred to as the “well-to-wheel” balance, has to result in less pollution overall for alternative energy vehicles to achieve significant market traction.

Until the fully electric car can satisfy all three C’s, any assessment of projected vehicle sales must reflect a variety of energy sourcing options, both traditional and alternative, all competing for market share.

Gasoline and diesel likely will remain the predominant source of energy in the foreseeable future for new car buyers, with hybrid vehicles that run on both petroleum and alternative energy sources taking an increasingly larger share of the market. Although more costly than pure gasoline-driven cars, hybrids do offer a more environmentally friendly solution and provide the driving range demanded by car buyers.

Read More..

Miami-Dade Police: One dead, one wounded in Friday night shooting

Miami-Dade homicide detectives are investigating a Friday night shooting that killed one man and sent another to a hospital.

The shooting started about 8:11 p.m. in the area of 17th Avenue and Northwest 92nd Street in West Little River, according to police. People began arguing and then fighting, and then “several shots were fired,” according to a police statement.

One victim, a 22-year-old man, was killed at the scene of the shooting. A second, 40-year-old man was taken to Jackson Memorial Hospital’s Ryder Trauma Center, where police said he is listed in critical condition. Neither man has been identified.

Police are searching for the shooter.

Anyone with information should call Miami Dade CrimeStoppers at 305-471-8477.

Read More..

Larry Hagman Dies

Larry Hagman, best known for playing Dallas villain J.R. Ewing, died Friday morning from complications stemming from his recent battle with cancer.

He was 81 years old.

Video: Larry Hagman Talks 'Dallas', Cancer and Veganism

"Larry was back in his beloved Dallas, re-enacting the iconic role he loved most," his family said in a statement via The Dallas Morning News. "When he passed, he was surrounded by loved ones. It was a peaceful passing, just as he had wished for. The family requests privacy at this time."

Hagman's rep says the late actor will be cremated.

His Dallas co-stars Linda Gray (who played his wife Sue Ellen) and Patrick Duffy (who played his brother Bobby) were reportedly at his bedside when he died, The Sun is reporting.

"Larry Hagman was my best friend for 35 years. He was the Pied Piper of life and brought joy to everyone he knew," Gray told ET in a statement. "He was creative, generous, funny, loving and talented, and I will miss him enormously. He was an original and lived life to the fullest ... The world was a brighter place because of Larry Hagman."

Victoria Principal, who played Pamela Barnes Ewing, added, "Larry was bigger than life ... on screen and off. He is unforgettable, and irreplaceable, to millions of fans around the world, and in the hearts of each of us, who was lucky enough to know and love him. Look out God ... Larry's leading the parade."

Video: J.R. Menaces in New 'Dallas'

Hagman, who also starred as Air Force Captain Anthony Nelson in I Dream of Jeannie, was last seen on television in TNT's Dallas reboot, where he returned to play his most well-known character.

"Larry Hagman was a giant, a larger-than-life personality whose iconic performance as J.R. Ewing will endure as one of the most indelible in entertainment history," Warner Bros., Dallas executive producers Cynthia Cidre and Michael M. Robin, and the show's cast and crew said in a statement. "He truly loved portraying this globally recognized character, and he leaves a legacy of entertainment, generosity and grace. Everyone at Warner Bros. and in the Dallas family is deeply saddened by Larry's passing, and our thoughts are with his family and dear friends during this difficult time."

"It was truly an honor to share the screen with Mr. Larry Hagman," Dallas reboot star Jesse Metcalfe, who plays Christopher Ewing, said in a statement. "With piercing wit and undeniable charm he brought to life one of the most legendary television characters of all time. But to know the man, however briefly, was to know a passion and dedication for life and acting that was profoundly inspirational."

Read More..

Confidential Nassau County police documents — including info on undercover cops — used as confetti in Macy's parade

Red-faced Nassau County officials are investigating how confidential police documents — which contained arrest records, social security numbers, and information about undercover officers — was tossed from windows as confetti during Thursday's Macy's Thanksgiving Day Parade in Midtown.

WPIX reports that paradegoers at the annual event were stunned when the poorly-shredded documents landed on city streets, with the sensitive information still clearly visible despite being cut into strips.

Among the information that could be easily seen included details of Mitt Romney's motorcade during a visit to Long Island, arrest records, and the identities, social security numbers and birth dates of Nassau County police detectives — some of whom appear to be undercover cops, the station reported,

Nassau County police spokesman Inspector Kenneth Lack told the station that the department "is very concerned about this situation" and has launched an investigation.

Macy's told the station that whoever threw the confetti did it on their own: The parade uses "commercially manufactured, multicolor confetti, not shredded paper," Macy's said.

Read More..

For Miami, new cruise ships a cause for celebration

Miami’s ship has come in. And it looks more like a fleet.

The Carnival Breeze, which starts regular sailings from its new year-round home Saturday, will be joined Thursday by Oceania Cruises’ Riviera and Dec. 1 by Celebrity Reflection. All three launched earlier this year in Europe and make their U.S. debut in Miami.

After a three-year dry stretch that saw no shiny new vessels mooring in Miami’s waters — and years of efforts to draw new operators coupled with millions spent on upgrades — the port is touting its biggest expansion ever with the three new ships as well as three new cruise lines signing on for this season and next.

“You want your newest ships to have the newest facilities, and that’s what Miami has done,” said Miami cruise expert Stewart Chiron, CEO of CruiseGuy.com.

Regent Seven Seas Cruises moved its ships from Port Everglades in Fort Lauderdale to Miami, and Disney Cruise Line will sail for the first time from Miami starting in late December. Next year, MSC will bring its newest ship, Divina, to Miami after previously sailing from Fort Lauderdale.

And Miami-based Norwegian Cruise Line, which reignited the parade of new ships in 2010 with the Norwegian Epic, is bringing the 4,000-passenger Norwegian Getaway in January 2014 to Miami, where it will sail year-round.

“I never, ever would have considered going anywhere else, because we are a Miami company and we really believe that means something,” said Kevin Sheehan, Norwegian’s president and CEO.

That hasn’t always been the universal sentiment. Nearly six years ago, the port was under fire for a history of inefficiency and sub-par facilities. In late 2007, Royal Caribbean chose Port Everglades in Fort Lauderdale as homeport for Oasis and Allure of the Seas, the world’s largest cruise ships — despite having a Miami headquarters.

The presence of those giant ships has meant some other cruise lines felt the squeeze, and a couple, like Regent Seven Seas Cruises and MSC Cruises, have opted to move south.

“Once upon a time, Port Everglades was known as the boutique cruise ship port,” said Frank Del Rio, chairman and CEO of Prestige Cruise Holdings, parent company of Oceania and the luxury Regent Seven Seas. “Now Port Everglades is the megaship port. We’re the antithesis of megaships.”

But Chiron said the moves aren’t necessarily a negative for Fort Lauderdale’s port.

“These ship movements and repositionings, all it’s really doing is opening up both ports for really bright future opportunities,” he said.

Port Everglades has grown its multiday cruise passenger numbers from about 2.6 million in fiscal 2008 to an expected more than 3.6 million on 45 ships in fiscal year 2012. By comparison, PortMiami’s passenger numbers have grown from about 3.8 million in 2008 to what is expected to be more than 4 million with 26 ships at the peak for the current fiscal year.

For its part, Port Everglades continues to invest in upgrades, recently finishing the $54 million reconstruction of four cruise terminals under a 2010 agreement with Carnival Corp. for brands including Holland America Line, Seabourn and Princess Cruises.

The investments go on at PortMiami as well, where director Bill Johnson, who took the job in 2006, listened to criticism that Miami hadn’t done enough to support the cruise industry. In the last few years, the port built a pair of terminals for Carnival for about $100 million. Since those terminals opened about four years ago, the port will have spent and continues to spend $70 million more in improvements, Johnson said.

Read More..

Small plane makes emergency landing in Southwest Ranches

A small, ultralight airplane made an emergency landing onto an open cow pasture in Southwest Ranches on Friday. No one was injured, Broward Sheriff’s Office reported, and the airplane did not suffer any significant damage.

Two people were aboard the plane, said Dani Moschella, a BSO spokeswoman. An investigation into the cause of the emergency landing will be conducted by the Federal Aviation Administration.

The plane went down in the area of Griffin and Hancock roads.

Read More..

Sony at greater risk than Panasonic in electronics downturn: Fitch

TOKYO (Reuters) – Panasonic Corp has a better chance than rival Sony Corp of surviving Japan‘s consumer electronics slump because of its unglamorous but stable appliance business of washing machines and fridges, credit rating agency Fitch said Friday.

Fitch cut Panasonic‘s rating by two notches to BB and Sony three notches to BB minus on Thursday, the first time one of the three major ratings agencies have put the creditworthiness of either company into junk-bond territory.

Rival agencies Moody’s and S&P rate both of Japan’s consumer electronic giants at the same level, just above junk status. Moody’s last cut its rating on Panasonic on Tuesday.

Panasonic “has the advantage of a relatively stable consumer appliance business that is still generating positive margins”, Matt Jamieson, Fitch’s head of Asia-Pacific, said in a conference call on Friday to explain its ratings downgrades.

But at Sony, he added, “most of their electronic business are loss making, they appear to be overstretched.”

Japan’s TV industry has been bested by cheaper, more innovative models from Samsung Electronics and other foreign rivals, while tablets and smartphones built by Apple Inc have become the dominant consumer electronics devices.

Investors are focusing on the fate of Sony and Panasonic after another struggling Japanese consumer electronics firm, Sharp Corp, maker of the Aquos TV, secured a $ 4.6 billion bail-out by banks including Mizuho Financial Group and Mitsubishi UFJ Financial Group.

Sony and Panasonic have chosen divergent survival paths.

Panasonic, maker of the Viera TV, is looking to expand its businesses in appliances, solar panels, lithium batteries and automotive components. Appliances amount to around only 6 percent of the company’s sales, but they generate margins of more than 6 percent and make up a big chunk of operating profit.

Sony, creator of the Walkman, is doubling down on consumer gadgets in a bid to regain ground from Samsung and Apple in mobile devices while bolstering digital cameras and gaming.

The latest downgrades will curtail the ability of both Japanese companies to raise money in credit markets to help fund restructurings of their business portfolios.

For now, however, that impact is limited, given the support Panasonic and Sony are receiving from their banks.

In October, Panasonic, which expects to lose $ 10 billion in the year to March 31, secured $ 7.6 billion of loan commitments from banks including Sumitomo Mitsui Financial Group and Mitsubishi UFJ, a financing backstop it says will help it avoid having to seek capital in credit markets.

Sony, which has forecast a full-year profit of $ 1.63 billion helped by the sale of a chemicals business to a Japanese state bank, announced plans to raise $ 1.9 billion through a convertible bond before the latest rating downgrade.

Thomson Reuters’ Starmine structural model, which evaluates market views of credit risk, debt levels and changes in asset values gives Panasonic and Sony an implied rating of BB minus. Sharp’s implied rating is three notches lower at B minus.

Standard & Poor’s rates Panasonic and Sony at BBB, the second lowest of the investment grade, while Moody’s Investors Service has them on Baa3, the lowest of its high-grade category. Moody’s has a negative outlook for both firms while S&P sees a stable outlook for Panasonic and a negative one for Sony.

Stock markets in Japan were closed on Friday for a national holiday.

(Reporting by Tim Kelly; Editing by Mark Bendeich)

Tech News Headlines – Yahoo! News

Read More..

Worn Out? Stars Step Out in Same Style

Kim Kardashian vs. Pink

Who knew Kim Kardashian and Pink had similar tastes in formal wear? Kardashian was spotted wearing a purple-blue, floor-length Catherine Deane gown in Miami this past month, while Pink chose the same style for her red-carpet appearance at the 2012 American Music Awards. Who rocked the chic style best?

Read More..

Dow Jones Industrial Average closes above 13,000 for first time since Election Day

Stocks rallied in an abbreviated session on Wall Street.

The Dow Jones industrial average shot up 172 points to 13,009. That's the first close above 13,000 for the Dow since Election Day.

The Standard & Poor's 500 index rose 18 points to 1,409. The S&P also racked up its biggest weekly point gain of the year. The Nasdaq composite index climbed 40 to 2,966.

Traders were encouraged by economic signals out of Germany and China. It's also the first day of the traditional holiday shopping season.

Trading on Wall Street was thin, about 1.4 billion shares, in a holiday-shortened session. Advancing stocks beat decliners 5-to-1.

REUTERS

A trader works on the floor of the New York Stock Exchange today as a little girl watches.

Read More..