March 21st, 2012 | Comments Off

North Carolina woman who was sterilized by government shines light on chilling program that affected many Blacks ALLEN G. BREED AP National Writer August 15, 2011 WINFALL, N.C. (AP) — Elaine Riddick's small frame heaves, her rapid, shallow breaths whistling in her throat as she forces the words out between her sobs.

"So what am I worth?" she asks the five people seated at the long table before her. "The kids that I did not have, COULD not have. What are THEY worth?"

"Priceless," Tony Riddick whispers as he gently rubs his mother's back.

The Skanner News Video

Elaine Riddick has been asking these same questions, in one forum or another, for the past 40 years. This most recent appearance in late June was before the Governor's Task Force to Determine the Method of Compensation for Victims of North Carolina's Eugenics Board.

As far as Riddick is concerned, she tells the panel, she was raped twice. Once by the man who fathered her son, and again by the Eugenics Board of the State of North Carolina, which deemed her, at age 14, unfit to procreate.

"I am NOT feebleminded," she shouts, turning to face the packed hearing room. "I've never BEEN feebleminded."

"No," says her son, standing beside her behind the podium.

Tears streaming down her face, she says, "They cut me open like I was a HOG."

Between 1929 and 1974, North Carolina sterilized more than 7,600 individuals in the name of "improving" the state's human stock. By the time the program was halted, the majority of those neutered were young, black, poor women – like Riddick.

In many ways, Riddick's has become the face of the movement to compensate victims of what most now acknowledge as a dark, misguided era in the state's – and nation's – past. From her decision to sue the state in federal court nearly four decades ago to this most recent baring of her soul, she has refused to simply fade from view.

Instead, the 57-year-old Riddick has become an inspiration to other survivors of the state's eugenics program.

One of them is Australia Clay, whose mother was sterilized, and who, following Riddick to the podium, tells her how lucky she was to have had Tony – no matter how violently he was conceived.

"You're blessed," Clay says through her own tears. "`Cause he can help fight for you now. I see God's hand in your life."

Riddick says she never felt otherwise.

The sun is almost infernal as Tony Riddick steps from the air-conditioned sanctuary of his SUV and strolls down Louise Street in this rural crossroads where the Perquimans River empties into Albermarle Sound. Pearls of sweat dot his shaved head as he makes his way to a simple gray frame house beside a drainage ditch that separates the road from the farm field beyond.

When he was growing up, folks used to call this section of town "Little Korea" – because the violence and poverty reminded them of a Third World country.

"This right here is a good example of what God is capable of doing," Riddick says, gesturing around him. "My mother's life and my life, by ANY measure, would have been, should have been, COULD have been totally written off."

The house belonged to Elaine Riddick's maternal grandmother, Maggie Woodard – "Miss Peaches," as she was known. The two-bedroom home was a refuge of sorts, with 10, sometimes 15 people spilling onto pallets on the floors.

By age 13, Delores Elaine Riddick had taken refuge here.

World War II had left her father, Army veteran Thomas Cleveland Riddick, an abusive, alcoholic, "shell-shocked" husk of a man; her mother, Pearline Warren Riddick, was in the women's prison for assaulting her husband. The Director of Public Welfare for Perquimans County had taken custody of Elaine, and Woodard was receiving government surplus food for the girl.

Riddick, third-oldest in a family of seven girls and one boy, was forced to wear the same clothes several days in a row. Picked on by bullies, she often skipped school.

With so many children in the house, there was little supervision. Riddick would go to friends' houses for dances and stay out late.

One Sunday evening, around dusk, she was walking home alone from a party when a man jumped out of the bushes of an abandoned house about two blocks from her grandmother's. Clapping one hand over her mouth and twisting her arm behind her back with the other, he led her to a nearby car and raped her.

She knew the man from the neighborhood. He was 10 years her senior.

He said if she ever told anyone, he would kill her.

At 13, Riddick knew nothing about where babies came from, let alone morning sickness. So when she became ill while picking cucumbers one day, she told her grandmother she thought someone had poisoned her.

When Woodard finally learned that her granddaughter was pregnant, Riddick was afraid to tell the truth. She said the father was an older boy from nearby Edenton whom she'd met at a party.

It was a lie that would come back to haunt her.

After Thomas Anthony Riddick was delivered on March 5, 1968, Riddick remembers awaking to find her abdomen swathed in bandages.

What she didn't know was that a month and a half earlier, five men sitting around a table across the state in the capital had decided that Riddick's first child should be her last.

The word "eugenics" comes from the Greek for "well-born."

By the early 20th century, most U.S. states had eugenics programs, and more than 30 enacted laws mandating surgical sterilization for certain individuals. It is estimated that as many as 100,000 people were sterilized in the country before the practice was discredited.

On Jan. 23, 1968, members of the North Carolina Eugenics Board met in Room 539 of the state Education Building in Raleigh to consider the latest petitions for "operation of sterilization or asexualization." Among them was Case No. 8: "Delores Elaine Riddick – (N) – Perquimans County." The "N" stood for Negro.

Board members were given a summary of each case. The board secretary would place the complete files in the center of the table, should a member need additional information before making a decision.

Riddick's file contained an evaluation from Dr. Helton McAndrew, a clinical psychologist.

A year earlier, social services had ordered Riddick examined for possible placement in an orphanage. On April 5, 1967, not long before the rape, McAndrew met with the troubled 13-year-old.

Despite reports that she was irritable and anti-social, McAndrew found Riddick "well behaved, pleasant and cooperative."

"She attends school regularly and is neat in spite of not having sufficient clothes Breitling Replica Watches," he wrote. "She is generally hungry which is probably an important factor in her being easily irritated and having difficulty getting along with others."

She told McAndrew she wanted to go to college and become a nurse.

Although she was in the "slow section of the seventh grade," testing revealed that Riddick had an IQ of 75 and a mental age of 9 years and 10 months. McAndrew felt that her "tremendous feelings of insecurity stemming from the disturbed home conditions" were causing her irritability and "also repressed her level of intellectual functioning."

"Delores Riddick's chief problem is her poor home," he concluded. "We expect this girl to perform more adequately in an improved environment …"

Social worker Marion Payne took a dimmer view of things.

While McAndrew found that Riddick was "comparatively at ease in school" and was "doing above average work," Payne reported that the child did "poor school work" and "does not get along well with others."

Payne noted that the family had been receiving public assistance for much of the previous decade, and that both parents were alcoholics. A doctor had assessed Riddick as "feebleminded."

"Because of Elaine's inability to control herself, and her promiscuity – there are community reports of her `running around' and out late at night unchaperoned, the physician has advised sterilization," the final recommendation read. "This will at least prevent additional children from being born to this girl who cannot care for herself, and can never function in any way as a parent."

Three weeks before the board meeting, Thomas Riddick had signed a form consenting to the procedure – even though he no longer had custody of his daughter. Payne also reported that the situation had been explained to Woodard, and that she agreed that it would be best if her granddaughter had no more children.

And so, after delivering Riddick's son, Dr. William Bindeman clipped, resected and cauterized her fallopian tubes.

Riddick developed an infection and had to remain in the hospital for another week. Her grandmother took Tony home.

Riddick tried to be a mother to her son. She breast-fed and bathed him. But her grandmother, concerned about bad influences in the local environment, decided to send her to live with an aunt on Long Island, N.Y.

At 18, Riddick married a man she met in New York. When the new couple's efforts to conceive failed, Riddick went to a specialist. It was then, she says, that she learned what the surgeon had done four years earlier.

Riddick says her inability to bear children drove a wedge between her and her husband, contributing to their eventual breakup. She says she went into a kind of "hibernation." When friends became pregnant, she withdrew from them, unable to bear the pain of witnessing their joy.

"I became a hermit," she says. "I locked myself away. I hid within my own self."

During a visit home shortly after learning the truth about her operation, Riddick was watching her grandmother rake the front yard and suddenly dissolved into tears. She told her what the doctor had said, and asked why she had allowed her to be sterilized.

All Woodard could remember was the social worker handing her a piece of paper and saying that if she refused to sign her mark, the family's food supplements would be cut off.

"Lord knows I didn't know what I was doing," she told Riddick. "Lord knows I would never do that to you."

Her granddaughter believed her.

After about a year of this self-imposed exile, a sister suggested Riddick do something about it. She went to see the American Civil Liberties Union.

In 1973, the group's Women's Rights Project – then under the direction of future Supreme Court Justice Ruth Bader Ginsburg – had filed a federal suit against the state of North Carolina on behalf of another victim of the sterilization program. They were looking for more plaintiffs to join a class action.

Delores Elaine Riddick stepped forward.

On Jan. 18, 1974, ACLU attorneys filed suit in U.S. District Court against the members of the state Eugenics Commission, as it was by then known, local social workers and the hospital where the operation was performed. She was seeking $1 million.

It would be nine years before the suit would go to trial. As the case wound its way through the process, and defendants were dismissed and added, Riddick tried repair the physical and emotional damage she had suffered.

During summer vacations, Tony would come to New York for visits. She divorced and rediscovered love.

In October 1981, Riddick underwent an operation to reverse her sterilization. Doctors could only repair one side, and even then placed her chances of becoming pregnant at only 50 to 60 percent.

Riddick, who dropped out in the eighth grade, obtained her high school equivalency diploma. In June 1982, she graduated from the New York City Technical College with an associate's degree in applied science.

Although the Eugenics Commission was formally abolished in 1977, the ACLU pressed on. At last, in January 1983, testimony began in U.S. District Court at New Bern.

Attorneys for the board members argued that they had acted in good faith as public officials. Member Jacob Koomen, state health director at the time, testified that sterilization in North Carolina was "an invited phenomenon."

"Do you contend that this young woman invited that she be sterilized?" asked Riddick's attorney, George Daly.

"The invitation was issued in her behalf," Koomen replied. "The usual response was that we were doing a favor." Koomen noted that the board was sometimes asked to sterilize girls who had not yet reached puberty.

During the trial, Kenneth N. Flaxman, another of Riddick's attorneys, pressed the board members on their decision to sterilize her, even though her IQ was above the limit at which someone was legally considered feebleminded at the time.

"You made a mistake back in `68, didn't you, doctor?" he asked R.L. Rollins, a forensic psychiatrist and superintendent of the Dorothea Dix Hospital.

"Based on the criteria that I used and in North Carolina in 1968, our programs, our situation, I believe this was a reasonable decision at the time," he said.

On day two, Riddick was called to testify. She told jurors of the rape, despite defense attempts to bar that testimony. She explained her decision to lie. She denied that doctors had explained the procedure to her, and that she had consented. She talked of her recent surgery, and how her continued failure to conceive made her feel "less than a woman."

In his closing arguments, Deputy Attorney General William F. O'Connell argued that the board had been presented with a body of evidence "virtually mandating the conclusion … that sterilization would be in the best interest of this young lady."

Daly, in his closing, countered that, had Riddick been granted the hearing to which she was entitled, she might have told the board that she had been raped. But the doctor and board saw her as "a piece of baggage," "a nonperson," he said.

"She was put in a prison of pain that stayed with her for a long, long time after that operation."

The trial ended on Jan. 19, 1983. It took the jury just 45 minutes to render its verdict.

When asked whether Riddick had been "unlawfully or wrongfully deprived of her right to bear children as a proximate result of the actions of any of the defendants," the jury replied, No.

Flaxman took the case all the way to the U.S. Supreme Court. On Oct. 1, 1984, the high court declined to hear it.

Following the trial, Riddick moved to suburban Atlanta to live with one of her younger sisters. Her son eventually joined her there.

Riddick had largely abandoned any hope of justice until about a decade ago, when a team of Winston-Salem Journal reporters investigating the state's eugenics program learned of the lawsuit and tracked her down. When the series "Against Their Will" ran in late 2002, Riddick's story was a centerpiece.

One of the series' most striking findings was the eugenics program's apparent racial and sexual bias. During the program's first decade, 79 percent of those sterilized were white; by the time Riddick's case was decided, 64 percent of the operations were being performed on black females.

Following the revelations, then-Gov. Mike Easley issued an apology to eugenics victims and their families. Victims were also offered some special health and education benefits.

But the Riddicks and others pushed for monetary reparations.

In October of 2008, Riddick traveled from Georgia to testify before a legislative committee, which recommended giving each victim $20,000. Running for governor, Beverly Perdue vowed to get the funding but, once elected, she ran headlong into a $4.6 billion budget gap.

In 2009, Perdue and the Senate set aside $250,000 for the newly created Justice for Sterilization Victims Foundation to identify victims and develop a plan to compensate them. Later that year, Riddick returned to Raleigh for the dedication of a historical marker a block from where the decision was made to sterilize her.

This March Bulgari Replica Watches, Perdue created the five-member task force. When it held a public hearing on June 22, Riddick and her son were there.

Trembling with hurt and rage, Riddick posed her existential question to the panel, then answered it herself.

"It doesn't matter what you think I'm worth," she said, almost spitting the words. "It's what I think I'm worth. There's nothing that the state of North Carolina can do to justify what they did to me – what they did to these other victims."

Taking his mother's place at the microphone, Tony Riddick said the eugenics program was nothing short of attempted "genocide."

"What did God ask her to do? He asked her to be prolific. Be fruitful. Go out and multiply, replenish the Earth," he said. "And you took all of that, not just away from her, but from other men and women here in this audience. And you did it for reasons you knew were wrong."

About halfway through the hearing, Gov. Perdue slipped silently into the chamber and took a seat at the back. After listening quietly for several minutes, her brow furrowed, she stood and addressed the victims.

"It's hard for me to accept or to understand or to even try to figure out why these kinds of atrocious acts could have been committed in this country … and I just came here as a woman, as a mama, and as a grandmama and as governor of this state, quite frankly, to tell you it was wrong," she said. "It makes you wonder who we were as a people during those years. The state of North Carolina is a partner with you in trying to bring awareness and to redress, in some way, however we may, these awful ills …"

Elaine Riddick listened intently to the governor, then the tears began flowing again. She turned away and bowed her head as her son draped his arm around her shoulders.

The task force delivered a preliminary report to Perdue Aug. 1. Among its recommendations were unspecified "lump sum financial damages" and mental health services for living victims.

"For many citizens, it may be hard to justify spending millions when the state is cutting back on other essential services," the panel wrote in a letter to the governor. "But the fact is, there never will be a good time to redress these wrongs and the victims have already waited too long."

A final report is due Feb. 1, 2012.

Despite her reconstructive surgery, Riddick was never able to have more children.

But she knows she has much for which to be thankful.

She has love in her life. Riddick met Paul Adams about 15 years ago, when he offered to share his table with her at a crowded Waffle House. She and the Air Force retiree – who is bedridden with multiple sclerosis – were married this past January.

She has a 6-year-old grandson, Tony Riddick Jr.

And she has Tony.

"I thank God today that I have my son," she says. "To me, he's a blessing and he's a gift."

After graduating from college, Tony Riddick moved to Hertford, just a few miles from where he and his mother grew up. He is president of his own computer-electronics company.

He has filled his spacious, two-story home with objects of deep personal meaning to him. Against one wall of his living room stands a wooden bust of Miss Peaches; across the way lie a pair of heavy iron slave shackles.

Tony Riddick says he was about 13 when he learned that his mother had been sterilized. He didn't learn about the circumstances of his conception until much later.

About that, he says, "You know, the spirit of God is the authority. And he deemed it necessary that I come in the way that I came in. And because I'm such a firm believer in that, I wouldn't question how he decided to bring me in, because I know it has a greater purpose."

His mother, too, speaks of a divine hand in events.

"I'm on a mission," she says. "And God is using me as an instrument to do his will."

She feels compelled to speak out, not just for herself, but for those who might be too afraid or ashamed to speak for themselves. The task force estimates that as many as 2,000 victims of the state's eugenics program may still be alive.

The apology was a step in the right direction. But Riddick thinks someone should be made to pay for what was done to her and the others.

Her son is confident they will prevail – "because she'll never stop fighting."

Allen G. Breed is a Raleigh, N.C-based national writer for The Associated Press. He can be reached at features(at)ap.org.

February 18th, 2012 | Comments Off

By Michael White

Jan. 23 (Bloomberg) — Former Yahoo Inc. and Warner Bros. Chairman Terry Semel joined the board of SnagFilms Inc., adding Hollywood and Silicon Valley buzz to the startup distributor of movies online and to cable providers such as Comcast Corp.

Semel also made an investment in SnagFilms, according to Rick Allen, chief executive officer of company, which has offices in Washington, New York and Los Angeles. In an interview, he declined to disclose the amount.

Semel will add expertise in Web distribution and filmmaking, Allen said. SnagFilms, owner of rights to more than 3,000 feature films and documentaries, offers free viewing of some titles on its website and also sells and rents pictures to consumers through websites including Netflix Inc., Apple Inc.’s iTunes and Vudu Inc., and through pay-per-view on cable.

“I know of no other individual who has, at the highest levels of the industry, led a major studio and one of the biggest Web companies,” Allen said.

Semel has already introduced SnagFilms executives to filmmakers interested in the company’s distribution model Breitling replica watches, Allen said. The company, founded in 2008, shares with filmmakers revenue generated by pay-television sales and from advertising on its free site, Allen said.

Semel is chairman and CEO of Windsor Media Inc. Replica Omega watches, a company he founded after leaving Yahoo in 2008. Before joining Yahoo in 2001 as chairman and CEO, Semel was chairman and co-CEO at Warner Bros., a unit of Time Warner Inc.

SnagFilms, founded in 2008, focuses on movies that are likely to have strong appeal to niche audiences, Allen said. Titles include “Shadow Company,” about contract soldiers in Iraq, and “The Secret Life of Cats.” The company has applications to enable viewing on tablets, smart phones and Internet-connected TVs.

–Editors: Anthony Palazzo, Stephen West

To contact the reporter on this story: Michael White in Los Angeles at mwhite8@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net

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February 1st, 2012 | Comments Off

By Robert Brand

Aug. 15 (Bloomberg) — South African bonds gained for the first day in three before tomorrow’s government debt auction on bets the central bank will keep borrowing costs on hold amid signs growth in Africa’s biggest economy is faltering.

The Treasury is selling 1.1 billion rand ($153.6 million) of 8.25 percent notes maturing in 2017 and 1 billion rand of 6.5 percent securities due 2041. The secondary market yield on the 2017 bonds dropped six basis points, or 0.06 percentage point, to 7.607 percent by 1:10 p.m. in Johannesburg. The yield has retreated 49 basis points in the past month.

The Reserve Bank has kept its key interest rate at a 30- year low of 5.5 percent this year to help spur consumer spending and shore up growth, even as inflation accelerated. The debt crises in the U.S. and Europe, which have driven Treasury 10- year note yields to record lows, have also clouded growth prospects of other parts of the world, Finance Minister Pravin Gordhan said today.

“Slower growth and the low U.S. Treasury 10-year yield continue to be the dominant factors” driving local bond prices, Rand Merchant Bank analysts led by Theuns de Wet wrote in a research note. Investors’ expectations of slower growth were “evident in the divergent trends between bond inflows and equity inflows,” they wrote.

Foreign investors bought a net 4.7 billion rand ($654.2 million) of South African bonds in the past two weeks, while selling a net 3.7 billion rand of stocks, according to JSE Ltd. data.

Manufacturing Decline

Factory output slowed to 0.9 percent in June, from 1 percent the previous month, Pretoria-based Statistics South Africa reported on Aug. 11, adding to evidence the nation’s manufacturing sector is struggling to recover. Retail-sales data due on Aug. 17 may provide further evidence of sluggish growth, the Rand Merchant Bank analysts said.

Rand Merchant Bank, a unit of South Africa’s second-biggest lender, and Standard Bank Group Ltd., the nation’s biggest bank, have revised their outlook for interest rates in the past week, seeing borrowing costs remaining unchanged until the second half of 2012.

“The significant deterioration in the external environment, and our recent downward revision of domestic growth prospects for 2012, justify a review of our” interest-rate expectations, Standard Bank analysts led by Johannesburg-based Michael Keenan wrote in a note today.

Standard Bank now expects the first rate increase to be in the third quarter of 2012, rather than the first, the analysts said. The repo rate will likely rise by a total of 2 percentage points by the end of 2013 Breitling replica watches, rather than the previously-expected 3 percentage points, they wrote.

Forward-rate agreements starting in August next year Tag heuer replica watches, which investors use to lock in borrowing costs, dropped 5.5 basis points today to 5.77 percent. The rate has declined from a 2011 high of 7.145 percent on March 3.

The debt auction starts at 11 a.m. in Pretoria and the results are expected at about 11:30 a.m., according to the Reserve Bank, which is conducting the auction on behalf of the Treasury.

–Editors: Ana Monteiro, Linda Shen

To contact the reporter on this story: Robert Brand in Cape Town at rbrand9@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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January 31st, 2012 | Comments Off

By Bloomberg News

(Adds Biden comment in second paragraph, school visit in 19th.)

Aug. 21 (Bloomberg) — Vice President Joe Biden repeated a message of reassurance to the Chinese that their investment in U.S. Treasuries is safe, and introduced a fresh warning to Chinese leaders that curtailing freedoms in Asia’s largest economy could hinder growth and stifle innovation.

“I know that some in China believe that greater freedoms threaten economic progress by undermining social stability,” Biden said in remarks at Sichuan University in Chengdu on the final day of his trip to China. “I believe history has shown the opposite to be true.”

Biden’s remarks follow his three days in Beijing, where he told Chinese Premier Wen Jiabao on Aug. 19 that China has nothing to fear when it comes to its investment in U.S. Treasuries. China’s Treasury holdings of $1.17 trillion, while down from their high of $1.18 trillion in October, have increased for the past three months, data compiled by Bloomberg show.

The U.S. and China have followed different paths, Biden said today. While China has embraced parts of a free market system it has also resisted political openness and the state has kept its hold on economic affairs, he said.

“Prosperity peaks when governments foster both free enterprise and free exchange of ideas, that liberty unlocks a people’s full potential and in its absence unrest festers,” he said.

S&P Downgrade

Biden’s visit was scheduled before the first-ever downgrade of U.S. debt by Standard & Poor’s on Aug. 5 and that issue has dominated public interactions between the vice president and Chinese leaders. A day after S&P cut U.S. debt to AA+ from AAA, China’s official Xinhua News Agency said the U.S. government must realize it can no longer “borrow its way out of messes of its own making.” China is the biggest single foreign owner of U.S. debt.

“The Chinese people should take solace,” Biden said today in the southwestern Chinese city. “You’re safe.” During his visit to Beijing, Biden had told Wen: “We appreciate and welcome your concluding that the United States is such a safe haven because we appreciate your investment in U.S. Treasuries.” Biden said he wanted to make clear “that you have nothing to worry about in terms of their viability.”

‘In Trouble’

Biden, who is on a three-nation, nine-day trip to Asia, today struck a harder tone on trade, saying “we’re in trouble” when U.S. investors can’t have fully owned subsidiaries of their companies operate in many sectors in China and are “entirely excluded from competing in other sectors.” Those are “restrictions that no other major economy imposes on us or anyone else so broadly.”

Biden also said China and the U.S. must work together on nuclear weapons proliferation, particularly in North Korea and Iran.

On Aug. 19, Biden held a roundtable discussion in Beijing with about 20 U.S. and Chinese business leaders, including Coca- Cola Co. Chief Executive Muhtar Kent. China’s undervalued exchange rate, opening up the Chinese market to U.S. exports, and protecting intellectual property rights are top concerns for U.S. companies.

J. Stapleton Roy, director of the Kissinger Institute on China and the U.S. ambassador to China from 1991 to 1995 said the U.S. cannot afford to press China too much on trade.

‘Wrong Direction’

“If we move to restrict trade this would be the counterpart to the Smoot Hawley tariff in the Great Depression which had an enormous negative impact,” Roy said in an interview. “Trade protectionism as a way of dealing with our trade imbalance with China would be a step in the wrong direction.”

Roy said the Chinese will naturally want to let their currency appreciate more to help them deal with inflation.

“There’s a built in corrective factor” in the U.S.-China relationship, he said. Because it’s so “immensely important to both countries” when it becomes too strained leaders will work to improve it.

Biden, who arrived in Beijing on Aug. 17, must have fielded a barrage of questions from Chinese officials about U.S. debt during private meetings, said Elizabeth Economy, director of Asia studies at the Council on Foreign Relations in New York.

She said top on the list would have been: “What’s the long term game plan and can China rely on the United States not to try to basically destroy the value of China’s holdings?”

Main Point

Administration officials insist that the main point of the vice president’s visit is to get to know his counterpart China’s Vice President Xi Jinping Cartier replica watches, the man most likely to replace Chinese President Hu Jintao in 2013.

Xi came to Chengdu from Beijing and traveled with Biden to Dujiangyan, a city in Sichuan Province where tens of thousands of people were killed by an earthquake in May 2008. Later tonight they are scheduled to have a private dinner.

Biden stopped by an English class at the Dujiangyan Qingchengshan High School, where Cisco Systems Inc. had donated electronic white boards and LCD televisions following the temblor. Biden, who was dressed in shirtsleeves along with Xi, took questions from a group of about 30 students while at the school.

“We have no reason to fear one another,” Biden said Breitling replica watches, referring to the sometimes strained relationship between the U.S. and China.

Tomorrow, Biden will travel to Ulan Bator, Mongolia, where he will celebrate the country’s democracy and attend cultural activities including a demonstration of traditional Mongolian sports such as archery, wrestling and horseback riding.

–Editors: Patrick Harrington, Anand Krishnamoorthy.

To contact the reporter on this story: Kate Andersen Brower in Chengdu, China at kandersen7@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net.

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January 30th, 2012 | Comments Off

This is a blog entry of ABS-CBN’s Maiki Oreta who covers business issues in the Philippines. Her blog, titled Business Banter, is her platform to share viewpoints, insights and intelligent rumors culled in between her formal coverages, as well as from coffee shop talks, boardroom buzz, and other sources.

MANILA, Philippines – Although last week was pretty eventful, with President Benigno Aquino’s first State of the Nation Address, the launch of NTS (New trading System), the election of a new PSE president, the PSE index itself hardly budged up by a scant 0.32% or 10.85 points week on week. This, after having moved within a tight 70 point range all week.

Why? For these three reasons:

1) Because even though it was a bit dreary Breitling replica watches, there was no big “a-ha moment” during the SONA. Thus, it was neither deemed as a big plus or big minus for the local bourse.

2) If anything else, the NTS actually kept investors “away” from the market since people were still working out how to use the system properly and since day traders were pretty much sidetracked with the new fluctuations.

3) The PSE was hunky dory without a commander in chief all these months anyway.

So, will next week be much different? Quite Possibly.

This week, the big wigs — PLDT, Globe Telecom, Ayala Land, Metro Pacific Investments and the Aboitiz group — will all report their earnings.

This should rock the boat at the local bourse a bit. However Breitling replica watches, any optimism over the results will be tempered by the weakness in the mature economies, the US and Europe.

After this round of earnings, what’s to propel the market further?

January 28th, 2012 | Comments Off

MANILA – Revenue from a small hydropower plant that cost little more than a supercar to build, will help preserve 2 Tag heuer replica watches,000-year-old Philippine rice terraces dubbed the "Eighth Wonder of the World", conservationists say.

The crumbling ricefields that follow the contours of the mountains in northern Ifugao province and resemble a stairway are slowly being eroded by bad weather and limited upkeep.

On Friday, Philippine officials were handed the symbolic keys to the $1 million 200-kilowatt hydropower plant, which will meet 18 percent of the province’s power needs.

It is projected to generate $70,000 in annual revenue for the Rice Terrace Conservation Fund, aimed at shoring up the famed ricefields that have been on UNESCO’s list of World Heritage Sites in danger since 2001.

"Many are abandoning the terraces. It’s not economically feasible to plant rice because the farmers’ land holdings are small," Carmelita Buyuccan, head of planning and development at the Ifugao provincial office, told Reuters.

Many of the farmers’ children, after earning their college diplomas, also choose to either work in the city or overseas for better pay, added Buyuccan.

The hydropower plant was donated by e8, a non-profit organisation consisting of 10 leading electricity firms from the G-8 countries that was also behind the first solar panels in Tuvalu and the first wind turbines on the Galapagos Islands.

Halting the deterioration of the terraces would require $400,000 a year, according to a 2004 study by Tokyo Electric Power Co Breitling replica watches, and project proponents hope the revenue from the power plant would inspire other donors.

Work would include restoring damaged terrace walls and rehabilitating the irrigation system, officials said.

A 10-year project that would go beyond and improve the condition of the terraces would require $11.8 million, said Yoshihiro Hatano, general manager at TEPCO.

January 28th, 2012 | Comments Off

MANILA – He’s worked for a suspected serial killer, found love at a funeral parlor, and made tons of money selling erotic and heavenly art. Surely, when it comes to Filipino contemporary painter Fernando Modesto’s life, you just never know what to expect.

What separates this London-schooled impressionist from his peers is his zany humor. Ask him about his art philosophy and you get answers like: "Everything influences painting, even alcohol!"

He insists that life is humorous and that people need to have fun, a credo he sticks by when painting. "I’m not actually looking for realism, I’m looking for magic that paintings give," he said.

Beyond the humor, however, is a steadfast practicality that marks his craft. While other painters might describe art as a "passion" Cartier replica watches, he says it’s a necessity.

Money matters

"It’s not a hobby, it’s work, so you can get money to feed yourself. Money solves a lot of problems. Since I make money out of it, what else will I do?" he said.

To him, art appreciation is simple – either you like it and buy it, or you don’t. You can contemplate about why you like it, but he won’t ask you why and he might even tease you if you try to explain it in high-falutin philosophical terms.

"I’m not the type to philosophize about my paintings. If people really knew me (with my joker persona), I don’t think they would believe me," he said, laughing.

If anything, his humor masks his genius. He professes to admire Italian Renaissance painter Sandro Boticelli (an admittedly odd choice for an impressionist) because "it makes him think deeper."

While he has fun producing 10 oil paintings a day, he does put a lot of thought into each one. "Painting is a very serious matter because you have to spend a lot of very serious time on it. You have to paint every day because if not, you’ll get lost," he said.

Love and billboards

Sperm cells or heavenly matter? Fernando Modesto’s "St. Michaels" at the Galerie Hans Brumann.

Virtually penniless, he began his art career at 10 years old, painting billboards of movie advertisements so he wouldn’t go hungry. His parents, based in Nueva Ecija, had a brood of 12 children and there wasn’t a lot of money to go around.

Through the help of relatives who adopted him, Modesto spent a semester taking up architecture at the University of Santo Tomas. Later, he was given a grant by the British Council to study at the School of Art and Design in London where he said he learned the "serious side" of painting.

His most productive years were in Indonesia where he had 21 years of spare time to paint. His wife Eleanor, considered the godmother of the Indonesian advertising industry, was always supportive.

"Under the saya ako," he jokes. "She has a very strong personality but she is a very nice woman. In a way, she supported my career."

The pair met at a funeral parlor when a mutual friend died after being hit by a car in the 1970s. The lovebirds shacked up together at a time when live-in partners were taboo.

The couple always jokes that they decided to marry after Eleanor’s Indonesian bosses told her they would only pay for Modesto’s flight to Indonesia if he was a husband, and not a boyfriend. Three years ago, the couple decided to come back to the Philippines for good.

Biggest fan

The early part of his career (when he was in his 20s to his 30s) was spent painting what he calls "nasty pictures" or a vast erotica collection.

His biggest fan and most avid patron was Dr. George Hodel, a prime suspect in the sensational murder of 1940s Hollywood starlet Elizabeth Short or "The Black Dahlia." Hodel saw Modesto’s paintings at a 1970 exhibit at the Cultural Center of the Philippines and loved them.

By 1990, Hodel had bought more than a thousand of his erotic paintings spilled with vulvas, phalluses, and mouths dripping with red. Psychiatrists and crime profilers had a field day with that.

"Yeah, I’m trying to hide that," Modesto said a bit sheepishly, though Hodel’s alleged involvement in the Black Dahlia murder was never proven. "At least, he supported my career. So I could support my parents."

Dr. Hodel even hired Modesto to make graphs for his medical papers. To this day, Modesto said, Hodel never explained why he liked the paintings so much.

From sex to angels

Fernando Modesto’s "Arabesque" at the Galerie Hans Brumann.

His recent exhibit at the Galerie Hans Brumann in Makati’s Greenbelt 5 shows his shift from erotica to more celestial subjects- angels, biblical figures, and heavenly bodies. This is brought on by his fascination with the sky.

In the exhibit titled "Kindred Spirits", his celestial works are paired with sculptor Agnes Arellano’s "YabYum" miniatures of coupling pairs trying to reach cosmic consciousness through sex.

Though religious in nature, the erotic influence can still be seen in his paintings. In his "St. Michael" piece, showing an angel figure floating in a flurry of white spatters Breitling replica watches, an imaginative customer saw sperm cells.

In another piece called "Arabesque", white lines become limbs and body curvatures bent sensuously within a black and gray palette.

"Art naman is always erotic eh. If you look at the landscape, it’s an erotic space. Trees look like an inverted penis having sex with the earth. The universe is full of erotic images," he said.

After almost 50 colorful years in the art scene, Modesto shows no sign of slowing down. Certainly, the world will see (and hear) more of this talented oddball.

January 28th, 2012 | Comments Off

MANILA, Philippines – The central bank, Bangko Sentral ng Pilipinas (BSP), is working with banks to arrest speculative flows into the foreign exchange market, but Governor Amando Tetangco said on Thursday there were no plans to impose capital controls.

The central bank is monitoring the non-deliverable forwards market, worried the offshore dollar-based derivatives were being used for speculation, but does not plan to phase out the instruments, which can also be used to hedge exposures, he said.

"These are transactions that are allowed under our regulation, provided they are used for legitimate hedging purposes, so we are not closing the NDF market," Tetangco told reporters at a business forum.

"But we also do not favor this instrument being used for speculation. We want the foreign exchange market to evolve on the basis of fundamentals Breitling replica watches," Tetangco said.

To that end, there was an informal deal with banks to limit NDF volume and peso volatility as authorities looked for "market-based solutions" to addressing speculative inflows.

"We understand they have a gentleman’s agreement where they will try to reduce the volume of NDFs," Tetangco said.

Aurelio Montinola, president of the Bank of the Philippine Islands, the country’s most valuable bank, told reporters when asked about the agreement that banks were working with authorities and would discourage speculative activity.

"The banks have always been working in the best interest of the economy. The important thing is that banks help finance what we call real flows," said Montinola, who also heads the Bankers Association of the Philippines.

Tetangco said the central bank had sufficient tools to counter the impact of capital inflows, such as building up foreign reserves, allowing more flexibility in the exchange rate, and paying off foreign debt early.

"Our preference is to address situations like this using market-based approaches Cartier replica watches," he said. "Controls in general tend to create distortions in resource allocations and they are also very difficult to implement administratively."

The peso has fallen from a three-year high of 41.90 per dollar last week, but not as sharply as some other regional currencies in the aftermath of a US credit rating downgrade and growing concerns over Europe’s debt problems.

On Thursday, the peso traded near 42.5 per dollar.

Tetangco said the peso was moving in step with most regional currencies, supported by remittances from Filipinos working and living abroad, tourism and export receipts, portfolio and foreign direct investments.

He also reiterated the central bank was pursuing a policy of diversifying its foreign reserves, saying any shifts had to consider the foreign exchange needs of the country’s trade.

January 28th, 2012 | Comments Off

MANILA Breitling replica watches, Philippines – The 2 lead stars of Star Cinema’s "Forever and a Day" left for the US on Wednesday morning to attend the international premiere of their romantic film.

The New York City-bound Sam Milby and KC Concepcion flew out of the country around 7:45 a.m.

In their interview with ABS-CBN News before their flight Cartier replica watches, Milby and Concepcion said they are thrilled to attend the international premiere of their movie.

After the successful screening of “Forever and a Day,” both stars admitted that they separately planned to take a vacation. They said they decided to postpone their plans after they were told about the international premiere of their film.

“Forever and a Day” is their first movie project together.

The Movie and Television Review and Classification Board (MTRCB) has given it a general patronage (GP) rating.

Concepcion’s acting in the movie also drew praise from critics.

January 28th, 2012 | Comments Off

MANILA, Philippines – The budget deficit could come in below target as strong economic growth boosts tax revenues Rolex replica watches, said Dennis Arroyo, the policy planning director at the National Economic and Development Authority.

The government has set a deficit goal of P293.2 billion or 3.5% of gross domestic product (GDP) this year, lower than last year’s record shortfall of P298.5 billion or 3.9% of GDP. However, several economists see the budget deficit hitting nearly or over P300 billion in 2010.

For the first quarter, the deficit reached P134.2 billion, higher than the program of P110.94 billion, due to lower tax collections and overspending.

The government is now upbeat that tax collections will improve throughout the year as the economy has shown faster-than-expected growth.

The economy, as measured by the GDP, grew 7.3% in the first quarter from a year ago on the back of global recovery, election spending and increased remittances from overseas Filipinos. The growth far exceeded the government’s 2.9% to 3.9% projection.

GDP expanded by a seasonally adjusted 3% during the 3-month period, against market consensus of 0.8% growth Breitling replica watches, and versus an upwardly revised 1.4% growth in the fourth quarter. With a report from Reuters