Lou Dobbs.......
 
 



Stocks head for mixed open ahead of data



May 27, 6:59 AM (ET)

By TIM PARADIS

 

NEW YORK (AP) - U.S. stocks headed for a mixed open Tuesday as investors returned from a long weekend awaiting a reading on consumer confidence and sales of new homes to determine where the economy is headed.

Investors are uneasy about the effect of soaring energy and food prices on the health of consumers, who account for more than two-thirds of U.S. economic activity. With gas prices up sharply from a year ago, many on Wall Street are worried that nervous consumers will stop reaching into their wallets for discretionary purchases.

After the opening bell, the Conference Board is set to weigh in with its consumer confidence index for May, which Wall Street expects to decline. At the same time, the Commerce Department is expected to release April figures for new home sales. The reading is expected to show a decline from March sales, according to economists surveyed Friday by Thomson Financial/IFR.

Dow Jones industrial average futures fell 21, or 0.17 percent, to 12,450. Standard & Poor's 500 index futures rose 0.10, or 0.01 percent, to 1,373.50, and the Nasdaq 100 index futures rose 5.00, or 0.26 percent, to 1,963.25.

The modest moves in stock futures follows steep losses for the market. Last week, the Dow lost 3.91 percent - its worst week since February - while the other indexes showed similar declines. Investors sold off stocks amid concerns about rising energy prices and after a sizable run-up since the market's lows in mid-March.

Bond prices fell Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.87 percent from 3.85 percent late Friday.

The dollar was mixed against other major currencies, while gold prices fell.

Light, sweet crude rose $1.08 to $133.27 per barrel in premarket electronic trading on the New York Mercantile Exchange.

Overseas, Japan's Nikkei stock average rose 1.48 percent. In morning trading, Britain's FTSE 100 rose 0.16 percent, Germany's DAX index fell 0.32 percent, and France's CAC-40 fell 0.59 percent.

AP



Mars lander completes first day on Red Planet

May 27, 6:48 AM (ET)

By ARTHUR H. ROTSTEIN

TUCSON, Ariz. (AP) - Fresh images sent back by NASA's Phoenix Mars Lander during its first full day operating in the Martian northern polar region showed most of its science instruments in good health, mission scientists said.

The one snag on the lander occurred when the protective sheath around the trench-digging robotic arm failed to unwrap all the way after touchdown and now covers the arm's elbow joint.

Deputy project scientist Deborah Bass of NASA's Jet Propulsion Laboratory said scientists still planned to start the process of unstowing the arm Tuesday, but it could take an extra day to fully stretch the arm.

"I would say this is an inconvenience," Bass said.

Since landing on Mars on Sunday, Phoenix has delighted scientists with the first-ever peek of the planet's unexplored northern latitudes. The terrain where Phoenix set its three legs is relatively flat with polygon-shaped patterns in the ground likely caused by the expansion and contraction of underground ice.

Phoenix is on a three-month mission to excavate the soil using its 8-foot-long robotic arm to reach the ice believed to be buried inches to a foot deep.

The lander will study whether the landing site could have supported primitive life. Among the things it will look for is whether the ice melted in Mars' history and whether the soil samples contain traces of organic compounds, one of the building blocks of life.

On Monday, NASA released a black-and-white image captured during Phoenix's descent by the Mars Reconnaissance Orbiter, which had a bird's-eye view of the lander coming down on its parachute. It's the first time a spacecraft had taken an image of another craft during landing.

Alfred McEwen of the University of Arizona's Lunar and Planetary Laboratory said the camera aboard Reconnaissance Orbiter has taken many unique pictures of Mars, but "this one's really unique."

"It's the first time any camera has imaged an actual descent through an atmosphere of another planet," said McEwen, who operates the orbiter's camera. "This will be on my Top Ten list."

The $420 million Phoenix mission is led by University of Arizona, Tucson and managed by JPL.


AP


Investigators finds gaps in port security program

May 27, 6:20 AM (ET)

By HOPE YEN


 

WASHINGTON (AP) - A Department of Homeland Security program to strengthen port security has gaps that terrorists could exploit to smuggle weapons of mass destruction in cargo containers, congressional investigators have found.

The report by the Government Accountability Office, being released Tuesday, assesses the Customs-Trade Partnership Against Terrorism (C-TPAT), a federal program established after the Sept. 11, 2001, attacks to deter a potential terrorist strike via cargo passing through 326 of the nation's airports, seaports and designated land borders.

Under the program, roughly 8,000 importers, port authorities and air, sea and land carriers are granted benefits such as reduced scrutiny of their cargo. In exchange, the companies submit a security plan that must meet U.S. Customs and Border Protection's minimum standards and allow officials to verify their measures are being followed.

A 2005 GAO report found many of the companies were receiving the reduced cargo scrutiny without the required full vetting by U.S. Customs, a division of DHS. The agency has since made some improvements, but the new report found that Customs officials still couldn't provide guarantees that companies were in compliance.

Among the problems:

_A company is generally certified as safer based on its self-reported security information that Customs employees use to determine if minimum government criteria are met. But due partly to limited resources, the agency does not typically test the member company's supply-chain security practices and thus is "challenged to know that members' security measures are reliable, accurate and effective."

_Customs employees are not required to utilize third-party or other audits of a company's security measures as an alternative to the agency's direct testing, even if such audits exist.

_Companies can get certified for reduced Customs inspections before they fully implement any additional security improvements requested by the U.S. government. Under the program, Customs also does not require its employees to systematically follow up to make sure the requested improvements were made and that security practices remained consistent with the minimum criteria.

"Until Customs overcomes these collective challenges, Customs will be unable to assure Congress and others that C-TPAT member companies that have been granted reduced scrutiny of their U.S.-bound containerized shipments actually employ adequate security practices," investigators wrote. "It is vital that Customs maintain adequate internal controls to ensure that member companies deserve these benefits."

The GAO urged Customs and Border Protection to require consideration of third-party and other outside audits and take steps to make certain companies comply with any additional security improvements requested. The report also calls for some technological improvements to help improve consistency and better information-gathering in Customs' security checks.

Responding in part, Customs officials in the report agreed they could do more to follow up on suggested security improvements but noted that employees often use their expert discretion in assessing the potential danger before certifying a company. The agency has also said the program overall has made the nation safer.

Congress has been working to improve port security after the independent Sept. 11 commission cited the potential dangers in its 2004 final report. The commission stated that compared to commercial aviation, "opportunities to do harm are as great, or greater, in maritime or surface transportation." DHS has said that while the likelihood of terrorists smuggling weapons of mass destruction into the U.S. in cargo containers is low, the nation's vulnerability and consequences of such an attack are potentially high.

Maine Sen. Susan Collins, the top Republican on the Senate Homeland Security Committee, said the report shows the importance of the private sector's continued cooperation in helping improve port security. "I will continue to work with DHS and the private sector to ensure the effectiveness of the crucial port security program," she said.

The GAO study examined a sample of 25 company reviews by Customs and Border Protection from March 1, 2006 through Sept. 30, 2006. Investigators interviewed officials, reviewed documents and studied the agency's minimum security criteria to see if standards were being met.

AP



Rove: Courts will have to decide his subpoena


May 25, 12:56 PM (ET)

By HOPE YEN

 

WASHINGTON (AP) - President Bush's former chief political adviser denied meddling in the Justice Department's prosecution of Alabama's ex-governor and said Sunday the courts will have to resolve a congressional subpoena for his testimony.

"Congress, the House Judiciary Committee, wants to be able to call presidential aides on its whim up to testify," Karl Rove said. "It's going to be tied up in court and settled in court."

Last week, the committee ordered Rove to appear July 10. Lawmakers want to ask him about the White House's role in firing nine U.S. attorneys in 2006 and the prosecution of former Gov. Don Siegelman, D-Ala.

Also under congressional subpoena are Bush's chief of staff, Joshua Bolten, and his former counsel, Harriet Miers. The White House is citing executive privilege, the doctrine intended to protect the confidentiality of presidential communications, in refusing to let them testify.

The fight over testimony for Bolten and Miers is in federal court and may not be settled until after Bush's term ends in January.

Siegelman was sentenced to more than seven years in prison for a 2006 bribery conviction. He was released in March when a federal appeals court ruled he raised "substantial questions of fact and law" in his appeal. Siegelman has accused GOP operatives of pushing prosecution. His claims were bolstered last year by Republican campaign volunteer Jill Simpson, who issued a sworn statement that she overheard conversations suggesting that Rove was involved in his case.

On Sunday, Rove brushed off suggestions that he meddled in Siegelman's case.

"I found out about Don Siegelman's investigation and indictment by reading about it in the newspaper," Rove said. "I heard about it, read about it, learned about it for the first time by reading about it in the newspaper."

Rove also said his lawyers had offered alternative ways to provide the House committee information short of sworn testimony, but that lawmakers had refused. For example, Rove's lawyer, Robert Luskin, has said Rove could discuss the case on the condition that his comments not be under oath and not be transcribed.

The chairman of the House Judiciary Committee, Rep. John Conyers, D-Mich., and several other lawmakers, however, have said such an interview "will not permit us to obtain a straightforward and clear record."

Rove spoke on "This Week" on ABC.


AP



Bush is dealt a defeat on Iraq bill

May 22, 2:20 PM (ET)

By ANDREW TAYLOR

 

WASHINGTON (AP) - Senate Republicans have broken with President Bush to help Democrats add support for veterans and the unemployed to a bill paying for another year of the Iraq and Afghanistan wars.

The 75-22 vote also added billions of dollars in other domestic funds such as heating subsidies for the poor and money for fighting wildfires to funding for military operations overseas.

Shortly afterward, the Senate voted 70-26 to approve $165 billion to pay for military operations in Iraq and Afghanistan into next spring, when Bush's successor will set war policy. All told, the measure contains $212 billion over the coming two years, plus about $50 billion more through 2017 for veterans education benefits.

The vote on the domestic add-ons was a rebuke to Bush, who has promised to veto the measure if it contains the domestic measures. However, the president still has enough GOP support in the House to sustain a veto.

"Our troops deserve better than having essential war time resources held hostage to billions in unrelated spending," said White House spokesman Tony Fratto. "Congress should pass a clean war funding bill when they return from Memorial Day recess."

The House still has to act on the bill. Last week, it voted to reject money for continuing the war. It endorsed the help for veterans and the unemployed, but kept its version clean of most other domestic programs.

The huge tally in the Senate was driven by $15.6 billion over two years to extend unemployment benefits by 13 weeks and more than $50 billion over the coming decade to provide sharply increased college aid for returning Iraq war veterans.

Also popular was a provision to block new Bush administration regulations that would cut federal spending on Medicaid health care for the poor and disabled by $13 billion over the next five years.

But dozens of add-ons favored by senators in both parties contributed to the unexpectedly sweeping tally that embarrassed the White House.

The vote came after Bush, speaking to troops at Fort Bragg in North Carolina, urged Congress to pass a war funding bill without congressional add-ons.

Some 25 Republicans abandoned Bush to endorse money for grants to local police departments, repairing roads damaged by natural disasters and boosting health research. Just 22 stood with him.

Domestic programs included money for Louisiana and Mississippi for projects including levees and coastal restoration.

There's also $850 million for international food aid, $1.9 billion for military construction projects, and several billion dollars in various foreign aid programs - all requested by the administration.

In another tally, the Senate voted 63-34 to reject Democratic efforts to urge Bush to begin redeployment of combat troops and place other limits on his ability to conduct the war in Iraq.

Bush has been resolute in promising to veto any measure that exceeds his pending $178 billion request for military and diplomatic operations in Iraq and Afghanistan into next year. Such vows have involved the expansion in veterans college aid as well, though the GI Bill expansion is popular with many Republicans and would be a difficult veto to carry out.

"I hope President Bush watches closely what happened here today," said Senate Majority Leader Harry Reid, D-Nev. "And I hope he heeds the call of a bipartisan, veto-proof majority of Congress and the thousands of veterans who know we owe our veterans the support they deserve."


AP


Some US farms outsourced to Mexico


May 27, 2:54 AM (ET)


By JESSICA BERNSTEIN-WAX


 

 IRAPUATO, Mexico (AP) - Antonio Martinez used to pay smugglers thousands of dollars each year to sneak him into the United States to manage farm crews. Now, the work comes to him.

Supervising lettuce pickers in central Mexico, Martinez earns just half of the $1,100 a week he made in the U.S. But the job has its advantages, including working without fear of immigration raids.

Martinez, now a legal employee of U.S.-owned VegPacker de Mexico, is exactly the kind of worker more American farm companies are seeking. Many have moved their fields to Mexico, where they can find qualified people, often with U.S. experience, who can't be deported.

"Because I never moved my family to the U.S., I was always alone there," said Martinez, 45, who could never get a work permit, even after 16 years in agriculture in California and Arizona. "When I got the opportunity to be close to my family, doing similar work, I didn't even have to think about it."

American companies now farm more than 45,000 acres of land in three Mexican states, employing about 11,000 people, a 2007 survey by the U.S. farm group Western Growers shows.

There were no earlier studies to document how much the acreage has grown. But U.S. direct investment in Mexican agriculture, which includes both American companies moving their operations to Mexico and setting up Mexican partnerships, has swelled sevenfold to $60 million since 2000, Mexico's Economy Department told The Associated Press.

Major corporations such as Archer Daniels Midland Co. (ADM) and Bunge have invested across Latin America for decades, particularly in countries like Brazil, where agribusiness is booming.

Some small farmers have cultivated parts of Mexico for much longer, seeking to secure year-round supplies of fruits and vegetables, while taking advantage of cheap labor and proximity to the U.S.

But the latest move south has been fueled by something new, farmers say: a way to continue to deliver cheap, fresh farm goods amid the current U.S. political standoff over an estimated 12 million undocumented immigrants, the majority from Mexico.

Recent Immigration and Customs Enforcement raids have targeted major agricultural producers, including Del Monte Fresh Produce in Portland, Oregon, and several large packing plants across the nation - scaring away immigrants and persuading many agricultural employers to clean up their hiring practices.

"Employers can't find legal workers to replace this huge number of illegal workers," said James Holt, an agricultural labor economist and independent consultant based in Washington. "Their only option is to go where the workers are."

Many of the growers, once based in California's Salinas Valley, are also heading south to escape high land prices and water shortages. Mexico is closer to eastern U.S. markets than California, they say. Shipping times to Atlanta are a day shorter from Mexico's central Guanajuato state.

Not everyone in Mexico has welcomed U.S. companies. Mexican farmers complain that they have driven up land rental prices. Many local growers worry they can't compete against big, foreign firms, said Felipe Sanchez, president of a farmers group in Guanajuato state.

"How can a ranch that farms 70 acres compete with a company that came to farm 10,000 acres?" Sanchez said. "We'll become laborers on our own ranches."

Farm workers at U.S. companies in Mexico make two or three times Mexico's minimum wage of $4.80 a day. But they still earn far less than the average $9.60 an hour that field workers in the United States made in January 2008, according to the U.S. Department of Agriculture.

Juan Antonio Linarez, 19, makes a tenth of his U.S. roofing income at Taylor Farms de Mexico's vegetable cooling plant in Guanajuato. But he has health insurance and can live nearby with his family - without the dangerous and expensive trek across the border.

Some experts argue that farmers simply refuse to raise U.S. wages to compete with other industries, something they say would help ease the labor crunch.

As the United States heads into a recession, more native-born workers might consider agricultural work if wages were high enough, said Harley Shaiken, director of the University of California at Berkeley's Center for Latin American Studies.

"Labor shortage always is a question of at what pay rate," Shaiken said. "Very often, if the wages are artificially low, it will be very difficult to find a work force."

But Steve Scaroni said he did offer higher wages and still couldn't find a steady work force in the U.S. Scaroni owns VegPacker, a California and Guanajuato-based company that grows lettuce, celery, cauliflower and other vegetables. VegPacker has struggled after forking out millions of dollars to launch its Mexico division two years ago.

The problem is that cheaper labor in Mexico often is offset by lower productivity and high training costs, especially when it comes to enforcing U.S. food-safety standards.

"The only thing that's cheaper down here is diesel fuel and the labor per day," Scaroni said. "My productivity is down 40 percent" from U.S. levels.

AP

                                                                         
                       

                     Why Lou Dobbs?



by Dr. Alfred Jones Ph.D.,
staff writer for LouDobbs4President.net (POSTED: 12:35p.m. EST, January 11, 2007).

A man from the heart land of America with his finger on the pulse of America for many years will be in a far better position to lead us than many others. We live in multi-phasic world with problems requiring a combination of qualifications for leadership. Mr. Dobbs has been aware of the American people and their problems, their wishes, their needs and their expectations of their leaders. He was educated at Harvard and combined business interests and the challenging of the establishment regarding a wide variety of issues.

More than anything else, he has never been afraid to deal with both popular and unpopular issues. He has never been hesitant to change his points of view thus indicating the ability to think and act as the need arose. He has been far more than just the devil's advocate on issues such as immigration, international trade and even the Roman Catholic Church. He has never been afraid of putting pen to paper as opposed to making remarks via the media. He has written extensively regarding issues and has indicated that he is an intellectual. He more often than not takes the position that he never accepts or rejects ideas and concepts but keeps his mind open.

His vast and extensive world contacts have given him the type of education on issues unavailable otherwise. Many seek the White House after having served as the governor of their state. This may or may not give them experience for the post of President of the United States. One would do much better to find someone who had traveled widely, investigated thoroughly and never afraid to seek consultation. Mr. Dobbs describes himself as a "populist" and Americans could wish for no better philosophy or concept. He is able to see through the eyes of the people and at the same time find ways of understanding other concepts, religions, philosophies, cultures and traditions.

He is a tough, fair mined individual who could lead America at a time when these characteristics are in short supply. Past presidents have admonished the American people to follow them because they are so important in their own right that they can never be wrong. Although Mr. Dobbs will never hesitate to do what he honestly believes is best for the American people, he will at all times evaluate issues with knowledge, experience and ability. Finally, I would instinctively trust anyone whom he chooses to work with him in the various government posts. He is wise enough to make good selections depending on how he saw those with whom he could work to deal successfully with both internal and international problems. For these and many other reasons, the American people will see clearly that they need. Mr. Lou Dobbs.