Saturday, May 4, 2013

Samsung?s shadow grows darker

May 1 (Reuters) - Post position for Saturday's 139th Kentucky Derby at Churchill Downs after Wednesday's draw (listed as barrier, HORSE, jockey, trainer) 1. BLACK ONYX, Joe Bravo, Kelly Breen 2. OXBOW, Gary Stevens, D. Wayne Lukas 3. REVOLUTIONARY, Calvin Borel, Todd Pletcher 4. GOLDEN SOUL, Robby Albarado, Dallas Stewart 5. NORMANDY INVASION, Javier Castellano, Chad Brown 6. MYLUTE, Rosie Napravnik, Tom Amoss 7. GIANT FINISH, Jose Espinoza, Tony Dutrow 8. GOLDENCENTS, Kevin Krigger, Doug O'Neill 9. OVERANALYZE, Rafael Bejarano, Todd Pletcher 10. PALACE MALICE, Mike Smith, Todd Pletcher 11. ...

Source: http://news.yahoo.com/samsung-shadow-grows-darker-153518409.html

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Friday, May 3, 2013

Source: Boston suspects eyed July 4 attack

By Ross Kerber, Jim Finkle and Mark Hosenball

BOSTON/WASHINGTON (Reuters) - The two brothers suspected of carrying out the deadly attacks on the Boston Marathon had originally planned to set off their bombs on July 4, a law enforcement official said.

The official said the suspects, Tamerlan and Dzhokhar Tsarnaev, advanced the date of their attack because they completed building bombs more quickly then they originally anticipated. The official declined to be identified and did not offer more details.

Police say the brothers detonated two bombs made with pressure-cookers in the April 15 attack on the Boston Marathon that killed three people and wounded 264.

An attack on Boston's packed July 4 celebrations would have carried the extra symbolism of disrupting the city's widely followed Independence Day celebrations.

Citing unnamed officials, The Boston Globe reported on its website that Dzhokhar Tsarnaev, the younger brother who was captured by police four days after the bombing, told investigators the pair discussed detonating their explosives at the city's famed celebration on its Charles River Esplanade.

News of the alleged July 4 attack plan and other details supplied by Tsarnaev to investigators was earlier reported by The New York Times and other media outlets.

NBC News, also citing unnamed officials, reported Tsarnaev told investigators the bombs were made in the home of his brother Tamerlan, who was killed in a shootout with police early on April 19.

The Times reported the ethnic Chechen brothers also considered suicide attacks and that they had viewed online sermons by Anwar al-Awlaki, a radical U.S.-born cleric who was killed by an American drone strike in Yemen in 2011. There is no indication the brothers communicated with Awlaki, however, the newspaper reported on its website.

What, if any, ties the two suspects had with foreign militants is a key question for investigators trying to determine how the pair became radicalized. How they selected their target would also shed light on their mindset.

Mitch Silber, executive managing director at K2 Intelligence and former head of intelligence analysis at the New York City Police Department, said a July 4 attack in Boston might have been more deadly given the fact that greater numbers of people gather for the city's annual celebration.

Former federal prosecutor Mark Rasch said a July 4 attack would have sent a stronger message.

"The essence of terrorism is all about symbolism," Rasch said. "The Boston Marathon just does not have as much of a symbolic feeling as the Fourth of July to the United States."

Tamerlan Tsarnaev was 26 when he was killed in the shootout with police in Watertown, Massachusetts. Dzhokhar Tsarnaev, 19, was wounded in the shootout and captured later that day.

Both are also suspected of killing a university police officer. Another officer was badly wounded in the Watertown confrontation.

Dzhokhar Tsarnaev has been charged with crimes in connection with the bombing that could carry the death penalty if he is convicted, and is being held at a prison medical facility in Devens, Massachusetts.

SUSPECT'S BODY CLAIMED

Tamerlan Tsarnaev's remains were claimed on behalf of his family on Thursday. His body had been kept at a Boston facility for more than a week.

Terrel Harris, a spokesman for the Office of the Chief Medical Examiner of Massachusetts, said a funeral services company retained by the family had claimed the body. Harris declined to provide details including the cause of death or where the body had been taken.

On Tuesday, Tsarnaev's widow, Katherine Russell, said through an attorney that she wished his remains to be released to the Tsarnaev family.

Russell's attorney could not immediately be reached on Thursday.

Investigators have questioned Russell as they seek clues about how the suspects allegedly built the two bombs used in the attack and whether they had help.

The Tsarnaevs' parents previously lived in Cambridge, Massachusetts, but have since returned to Russia. Other relatives remain in the United States, including an uncle, Ruslan Tsarni of Montgomery Village, Maryland.

Officials said on Thursday that three men who had been charged with interfering with the investigation of the bombing were in custody at a jail in Middleton, Massachusetts, a small town about 20 miles North of Boston.

The three 19-year-olds - Azamat Tazhayakov, Dias Kadyrbayev and Robel Phillipos - had been transported to the Essex County Correctional Facility in Middleton on Wednesday after they were charged in Boston. Authorities have described them as college friends of Dzhokhar Tsarnaev.

(Additional reporting by Svea Herbst-Bayliss; Editing by Mohammad Zargham)

Source: http://news.yahoo.com/marathon-bombing-suspects-had-planned-july-4-attack-003807316.html

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Wednesday, May 1, 2013

Mars Opportunity rover in standby as commanding moratorium ends

Apr. 30, 2013 ? During a moratorium on commanding this month while Mars passed nearly behind the sun -- a phase called solar conjunction -- NASA's Mars Exploration Rover Opportunity entered a type of standby mode.

Mission controllers learned of the changed status on April 27 when they first heard from Opportunity after the period of minimized communication during the solar conjunction. They prepared fresh commands today (April 29) for sending to the rover to resume operations.

Initial indications suggest the rover sensed something amiss while doing a routine camera check of the clarity of the atmosphere on April 22.

"Our current suspicion is that Opportunity rebooted its flight software, possibly while the cameras on the mast were imaging the sun," said Mars Exploration Rover Project Manager John Callas of NASA's Jet Propulsion Laboratory, Pasadena, Calif. "We found the rover in a standby state called automode, in which it maintains power balance and communication schedules, but waits for instructions from the ground. We crafted our solar conjunction plan to be resilient to this kind of rover reset, if it were to occur."

Opportunity has been working on Mars for more than nine years. NASA's other Mars rover, Curiosity, which landed last year, is also nearing the end of its solar conjunction moratorium on commanding. Curiosity has reported coming through the conjunction in full health. Controllers plan to send Curiosity's first set of post-conjunction commands on May 1.

JPL, a division of the California Institute of Technology in Pasadena, manages both rover projects for NASA's Science Mission Directorate, Washington. For more information about Opportunity, visit http://www.nasa.gov/rovers and http://marsrovers.jpl.nasa.gov . You can follow the project on Twitter and on Facebook at: http://twitter.com/MarsRovers and http://www.facebook.com/mars.rovers .

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The above story is reprinted from materials provided by NASA/Jet Propulsion Laboratory.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


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Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/s1ptzXD8_uo/130430102706.htm

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Monday, April 29, 2013

'The King Of Comedy' At Tribeca: Robert De Niro, Jerry Lewis & Martin Scorsese Celebrate 30 Years Of Cult Classic

  • "Reluctant Fundamentalist" US Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 22: Actress Kate Hudson attends the 'Reluctant Fundamentalist' US Premiere during the 2013 Tribeca Film Festival on April 22, 2013 in New York City. (Photo by Neilson Barnard/Getty Images for Tribeca Film Festival)

  • Tribeca Talks - "I Got Something To Tell You" Premiere And Panel - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 22: Director Whoopi Goldberg speaks onstage at the Tribeca Talks - 'I Got Something To Tell You' Premiere And Panel during the 2013 Tribeca Film Festival on April 22, 2013 in New York City. (Photo by Cindy Ord/Getty Images for Tribeca Film Festival)

  • "Kiss The Water" Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 22: Actor Jerry Seinfeld attends the 'Kiss The Water' Premiere during the 2013 Tribeca Film Festival on April 22, 2013 in New York City. (Photo by Slaven Vlasic/Getty Images for Tribeca Film Festival)

  • "Reluctant Fundamentalist" US Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 22: Actor Dean Winters and guest attend the 'Reluctant Fundamentalist' US Premiere during the 2013 Tribeca Film Festival on April 22, 2013 in New York City. (Photo by Neilson Barnard/Getty Images for Tribeca Film Festival)

  • Will Forte

    This April 19, 2013 photo shows actor Will Forte, right, with director Steph Green in New York. Forte, a cast member on "Saturday Night Live," stars in his first dramatic role in "Run and Jump," a film being shown at the TriBeca Film Festival. (Photo by Amy Sussman/Invision/AP)

  • Jessica Seinfeld, Jerry Seinfeld

    Comedian Jerry Seinfeld, right, and his wife Jessica Seinfeld, attend the "Kiss the Water" premiere during the 2013 Tribeca Film Festival on Monday, April 22, 2013, in New York. (Photo by Andy Kropa/Invision/AP)

  • Jerry Seinfeld

    Comedian Jerry Seinfeld attends the "Kiss the Water" premiere during the 2013 Tribeca Film Festival on Monday, April 22, 2013, in New York. (Photo by Andy Kropa/Invision/AP)

  • Julie Delpy

    Actress Julie Delpy attends the "Before Midnight" premiere during the 2013 Tribeca Film Festival on Monday, April 22, 2013, in New York. (Photo by Andy Kropa/Invision/AP)

  • Julie Delpy, Ethan Hawke

    Actress Julie Delpy, left, and actor Ethan Hawke, attend the "Before Midnight" premiere during the 2013 Tribeca Film Festival on Monday, April 22, 2013, in New York. (Photo by Andy Kropa/Invision/AP)

  • Emma Roberts

    Emma Roberts attends the premiere of "Adult World" during the 2013 Tribeca Film Festival on Thursday, April 18, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • "Teenage" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 20: Jason Schwartzman attends the 'Teenage' world premiere during the 2013 Tribeca Film Festival on April 20, 2013 in New York City. (Photo by Stephen Lovekin/Getty Images for Tribeca Film Festival)

  • "Teenage" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 20: Adam Horovitz of The Beastie Boys attends the 'Teenage' world premiere during the 2013 Tribeca Film Festival on April 20, 2013 in New York City. (Photo by Stephen Lovekin/Getty Images for Tribeca Film Festival)

  • Tribeca/ESPN Sports Film Festival Gala: "Big Shot" - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 19: Tribeca Film Festival co-founder Robert De Niro (L) and filmmaker Kevin Connolly attend the Tribeca/ESPN Sports Film Festival Gala: 'Big Shot' during the 2013 Tribeca Film Festival on April 19, 2013 in New York City. (Photo by Mike Coppola/Getty Images for Tribeca Film Festival)

  • Tribeca/ESPN Sports Film Festival Gala: "Big Shot" - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 19: Filmmaker Kevin Connolly and Lydia Hearst-Shaw attend the Tribeca/ESPN Sports Film Festival Gala: 'Big Shot' during the 2013 Tribeca Film Festival on April 19, 2013 in New York City. (Photo by Mike Coppola/Getty Images for Tribeca Film Festival)

  • Tribeca/ESPN Sports Film Festival Gala: "Big Shot" - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 19: Filmmaker Kevin Connolly and Lydia Hearst-Shaw attend the Tribeca/ESPN Sports Film Festival Gala: 'Big Shot' during the 2013 Tribeca Film Festival on April 19, 2013 in New York City. (Photo by Mike Coppola/Getty Images for Tribeca Film Festival)

  • Felicity Huffman, Clark Gregg, Amanda Peet

    Felicity Huffman, left, Clark Gregg and Amanda Peet attend the premiere of "Trust Me" during the 2013 Tribeca Film Festival on Saturday, April 20, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Sam Rockwell

    Sam Rockwell attends the premiere of "Trust Me" during the 2013 Tribeca Film Festival on Saturday, April 20, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • "The Pretty One" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 20: Actor Zoe Kazan attends the 'The Pretty One' World Premiere during the 2013 Tribeca Film Festival on April 20, 2013 in New York City. (Photo by Theo Wargo/Getty Images for Tribeca Film Festival)

  • "The Pretty One" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 20: Julian Wass and Jenee LaMarque attend the 'The Pretty One' World Premiere during the 2013 Tribeca Film Festival on April 20, 2013 in New York City. (Photo by Theo Wargo/Getty Images for Tribeca Film Festival)

  • Tribeca Talks Director's Series: Mira Nair With Bryce Dallas Howard - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 20: Actress Bryce Dallas Howard attends Tribeca Talks Director's Series: Mira Nair With Bryce Dallas Howard during the 2013 Tribeca Film Festival on April 20, 2013 in New York City. (Photo by Cindy Ord/Getty Images)

  • HBO's "Moms Mabley: I Got Somethin' To Tell You" Premiere At Tribeca Film Festival

    NEW YORK, NY - APRIL 20: (L-R) Robert De Niro, Whoopi Goldberg, Grace Hightower and Tom Leonardis attend HBO's 'Moms Mabley: I Got Somethin' To Tell You' premiere at Tribeca Film Festival on April 20, 2013 in New York City. (Photo by Donald Bowers/Getty Images for HBO)

  • HBO's "Moms Mabley: I Got Somethin' To Tell You" Premiere At Tribeca Film Festival

    NEW YORK, NY - APRIL 20: (L-R) Tom Leonardis, Grace Hightower, Whoopi Goldberg and Robert De Niro attend HBO's 'Moms Mabley: I Got Somethin' To Tell You' premiere at Tribeca Film Festival on April 20, 2013 in New York City. (Photo by Donald Bowers/Getty Images for HBO)

  • Tribeca Film Festival 2013 After Party "Trust Me" Sponsored By Ciroc

    NEW YORK, NY - APRIL 20: Director Clark Gregg attends the Tribeca Film Festival 2013 after party for 'Trust Me' sponsored by Ciroc on April 20, 2013 in New York City. (Photo by Michael Loccisano/Getty Images for 2013 Tribeca Film Festival)

  • Tribeca Film Festival After Party 2013 "The Pretty One" Sponsored By BR Guest

    NEW YORK, NY - APRIL 20: Dan Stevens attends the Tribeca Film Festival after party 2013 for 'The Pretty One' sponsored by BR Guest on April 20, 2013 in New York City. (Photo by Theo Wargo/Getty Images for 2013 Tribeca Film Festival)

  • Tribeca Film Festival After Party 2013 "The Pretty One" Sponsored By BR Guest

    NEW YORK, NY - APRIL 20: Zoe Kazan attends the Tribeca Film Festival after party 2013 for 'The Pretty One' sponsored by BR Guest on April 20, 2013 in New York City. (Photo by Theo Wargo/Getty Images for 2013 Tribeca Film Festival)

  • Tribeca Film Festival After Party 2013 "The Pretty One" Sponsored By BR Guest

    NEW YORK, NY - APRIL 20: Actor Frankie Shaw attends the Tribeca Film Festival after party 2013 for 'The Pretty One' sponsored by BR Guest on April 20, 2013 in New York City. (Photo by Theo Wargo/Getty Images for 2013 Tribeca Film Festival)

  • Tribeca Film Festival 2013 Portrait Studio - Day 3

    NEW YORK, NY - APRIL 21: Actor Will Forte of the film Run and Jump poses at the Tribeca Film Festival 2013 portrait studio on April 21, 2013 in New York City. (Photo by Andrew H. Walker/Getty Images)

  • Tribeca Film Festival 2013 Portrait Studio - Day 3

    NEW YORK, NY - APRIL 21: Actors Will Forte, Maxine Peake, and Edward MacLiam pose with Director Steph Green of the film Run and Jump at the Tribeca Film Festival 2013 portrait studio on April 21, 2013 in New York City. (Photo by Andrew H. Walker/Getty Images)

  • Tribeca Film Festival 2013 Portrait Studio - Day 3

    NEW YORK, NY - APRIL 21: Michael Chen, Alex Wolff and Katie Chang, actors in the film A Birder's Guide To Everything pose at the Tribeca Film Festival 2013 portrait studio on April 21, 2013 in New York City. (Photo by Andrew H. Walker/Getty Images)

  • Tribeca Film Festival 2013 Portrait Studio - Day 3

    NEW YORK, NY - APRIL 21: Director Rob Meyer and screenwriter Luke Matheny of the film A Birder's Guide To Everything pose at the Tribeca Film Festival 2013 portrait studio on April 21, 2013 in New York City. (Photo by Andrew H. Walker/Getty Images)

  • "Some Velvet Morning" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 21: Actress Alice Eve attends the 'Some Velvet Morning' World Premiere during the 2013 Tribeca Film Festival on April 21, 2013 in New York City. (Photo by Neilson Barnard/Getty Images for Tribeca Film Festival)

  • "Some Velvet Morning" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 21: Filmmaker Neil LaBute and actress Alice Eve attend the 'Some Velvet Morning' World Premiere during the 2013 Tribeca Film Festival on April 21, 2013 in New York City. (Photo by Neilson Barnard/Getty Images for Tribeca Film Festival)

  • "Gasland Part II" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 21: Director Josh Fox attends 'Gasland Part II' World Premiere at the 2013 Tribeca Film Festival on April 21, 2013 in New York City. (Photo by Astrid Stawiarz/Getty Images)

  • "Gasland Part II" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 21: Yoko Ono (C) and Josh Fox (R) attend 'Gasland Part II' World Premiere at the 2013 Tribeca Film Festival on April 21, 2013 in New York City. (Photo by Astrid Stawiarz/Getty Images)

  • "The Director" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 21: Actor/producer James Franco attends 'The Director' World Premiere during the 2013 Tribeca Film Festival on April 21, 2013 in New York City. (Photo by Jemal Countess/Getty Images)

  • "The Director" World Premiere - 2013 Tribeca Film Festival

    NEW YORK, NY - APRIL 21: Director Christina Voros and producer/actor James Franco attend 'The Director' World Premiere during the 2013 Tribeca Film Festival on April 21, 2013 in New York City. (Photo by Jemal Countess/Getty Images)

  • Padma Lakshmi

    Padma Lakshmi attends the premiere of "Sunlight Jr." during the 2013 Tribeca Film Festival on Saturday, April 20, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Naomi Watts, Matt Dillon

    Naomi Watts and Matt Dillon attend the premiere of "Sunlight Jr." during the 2013 Tribeca Film Festival on Saturday, April 20, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Jennifer Grey, Joel Grey

    Jennifer Grey and Joel Grey attend the premiere of "Trust Me" during the 2013 Tribeca Film Festival on Saturday, April 20, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Norman Reedus

    Norman Reedus attends the premiere of "Sunlight Jr." during the 2013 Tribeca Film Festival on Saturday, April 20, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Robert De Niro, Liza Minnelli

    Liza Minnelli and Robert De Niro attend the premiere of "Mistaken For Strangers" during the opening night of the 2013 Tribeca Film Festival on Wednesday April 17, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Richard Belzer

    Richard Belzer attends the premiere of "Mistaken For Strangers" during the opening night of the 2013 Tribeca Film Festival on Wednesday April 17, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Ari Graynor

    Ari Graynor attends the premiere of "Mistaken for Strangers" during the opening night of the 2013 Tribeca Film Festival on Wednesday April 17, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Matt Berninger, Tom Berninger, Carin Besser

    Tom Berninger, from left, Carin Besser and Matt Berninger attend the premiere of "Mistaken for Strangers" during the opening night of the 2013 Tribeca Film Festival on Wednesday April 17, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Josh Radnor

    Josh Radnor attends the premiere of "Mistaken for Strangers" during the opening night of the 2013 Tribeca Film Festival on Wednesday April 17, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Riley Keough

    Riley Keough attends the premiere of "Mistaken For Strangers" during the opening night of the 2013 Tribeca Film Festival on Wednesday April 17, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Josh Lucas, Jessica Henriquez

    Josh Lucas, right, and Jessica Henriquez attend the premiere of "Mistaken For Strangers" during the opening night of the 2013 Tribeca Film Festival on Wednesday April 17, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Mira Sorvino

    Mira Sorvino attends the premiere of "Mistaken For Strangers" during the opening night of the 2013 Tribeca Film Festival on Wednesday April 17, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

  • Tribeca Film Festival Opening Night Co-Sponsored By American Express

    NEW YORK, NY - APRIL 17: Deborah Curtis, Vice President, Entertainment Marketing and Sponsorships, American Express, director Tom Berninger (C), Rich Lehrfeld (2nd R) and The National attend Tribeca Film Festival Opening Night co-sponsored by American Express on April 17, 2013 in New York City. (Photo by Bryan Bedder/Getty Images for American Express)

  • 2013 Tribeca Film Festival Opening Night After Party For "Mistaken For Strangers" Sponsored By American Express

    NEW YORK, NY - APRIL 17: Kenneth Lonergan and Jay Smith Cameron attend the 2013 Tribeca Film Festival opening night after party for 'Mistaken For Strangers' sponsored by American Express on April 17, 2013 in New York City. (Photo by Stephen Lovekin/Getty Images for 2013 Tribeca Film Festival)

  • Tribeca Film Festival Opening Night Co-Sponsored By American Express

    NEW YORK, NY - APRIL 17: A general view of atmosphere at the Tribeca Film Festival Opening Night co-sponsored by American Express on April 17, 2013 in New York City. (Photo by Bryan Bedder/Getty Images for American Express)

  • Source: http://www.huffingtonpost.com/2013/04/28/king-of-comedy-tribeca_n_3172426.html

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    Kenya's new cellphone money model could disrupt global banking ...

    By Agence France-Presse
    Sunday, April 28, 2013 17:17 EDT

    ?

    AFP -?Six months ago, Jane Adhiambo Achieng walked into a local Kenyan bank with the hope of getting a loan for her small grocery business.

    After providing all the paperwork and after weeks of back and forth between her and bank officials, she was turned down.

    ?They just told me I don?t qualify. My income was too little,? said 42-year-old Achieng, who was asking for some $250 ? about half her monthly turnover ? to expand her fruit and vegetable stall in the Kenyan capital.

    But in early March, she applied for the same amount through a different source ? and got the money in a matter of minutes.

    She credits the Kenyan mobile telephone money application called M-Shwari that lent her the cash for facilitating the growth of her business.

    M-Shwari is a new banking platform that allows subscribers of Kenya?s biggest mobile network, Safaricom, to operate savings accounts, earn interest on deposits, and borrow money using their mobile phones.

    It expands on Kenya?s revolutionary use of sending money by mobile phone ? known as M-Pesa, ?mobile money? in Swahili ? launched in 2007 and now widely used across the east African nation, where some 70 percent of people have mobile phones.

    With a minimum transfer of cash set at five shillings ? around five US cents ? the application revolutionised day-to-day banking for millions left out of the formal system, and is used for transactions ranging from sending money to far-away relatives to paying utility bills or even school fees.

    Now it is hoped the new M-Shwari application ? meaning ?no hassle? ? can do the same for savers and borrowers.

    ?We have always been thinking of how to move M-Pesa forward. We knew there was a boundary to be broken and the next frontier was to be reached,? said Nzioka Muita, communications manager at Safaricom, which owns both the M-Pesa and M-Shwari systems.

    Through this platform, Safaricom says clients can open a bank account, move money in and out of their savings accounts, and access instant micro-credit of a minimum of 100 Kenyan shillings ? slightly more than a dollar ? at any time, all through the mobile phone application.

    While loans must be repaid within a month, a single fee of 7.5 percent is charged, a far lower interest rate than high-street banks. Maximum loans depend on how much clients have in their M-Shwari accounts.

    The mobile banking application has been so successful that on its first day of operations late last year, more than 70,000 new accounts were opened.

    ?Up to this point in time, no one in the formal banking sector had thought of implementing such an idea,? said Tiberius Barasa, an economic expert with Kenya?s Institute of Policy Research and Analysis.

    ?I am sure that a few bank managers are looking at M-Shwari steadily to see if it is a potential threat to their business.?

    At least 12 million Kenyans remain outside the formal banking system, according to central bank estimates.

    Safaricom controls about 70 percent of the Kenya mobile-phone market, translating to some 19 million subscribers. Of those, some 15 million are already M-Pesa users, a customer base rivalling any banking institution.

    On its own, M-Pesa transactions account for more than $50 million (38 million euros) every day in Kenya.

    ?This is a huge head start for the company,? Barasa said.

    M-Shwari was launched in partnership with one of Kenya?s privately owned banks, the Commercial Bank of Africa (CBA), a deal that could see it boost its slice of the banking sector of east Africa?s largest economy.

    The family of newly elected President Uhuru Kenyatta hold the major stake in CBA, which provides the banking infrastructure for M-Shwari.

    Currently, even with its slightly over $1 billion asset base, it is still some distance away from east Africa?s largest banks, such as Equity Bank, Cooperative Bank and the Kenya Commercial Bank.

    ?In a matter of years, through the sheer volume of transactions that they will be handling on a daily basis, CBA may become a banking powerhouse in the region,? Barasa said.

    Policy analysts believe that the biggest winners from the M-Shwari service will be those in the market previously thought unbankable, due to its meagre savings and individuals located in remote, inaccessible parts of the country.

    ?This will greatly change our lives. You can access credit from any part of the country,? Abbas Godana, a school teacher in Kenya?s remote eastern Tana River district, told AFP.

    ?You do not have to travel for miles to your bank just to complete some paperwork and wait for the manager to approve the loan.?

    Godana?s village, Cha Mwana Muma, is some 30 kilometres (20 miles) from the nearest shopping centre in which his bank operates a branch ? which, in the impoverished coastal area, where roads are virtually nonexistent, can take a whole day to travel.

    In February this year, three months after its launch, transactions on M-Shwari crossed the $35-million mark, with 1.6 million customers having used the service for deposits or loans.

    M-Shwari was not the first: telecommunications company Bharti Airtel, an Indian-owned firm, launched a similar product last year known as Kopa Chapaa ? Swahili for ?borrow money? ? but the product has not had as much impact.

    Smaller micro-credit loan companies have also set up similar schemes.

    But ?Safaricom has the numbers,? Barasa said. ?All they need to do is ensure that whatever they come up with resonates with the majority of their subscribers.?

    ?

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    ?

    Source: http://www.rawstory.com/rs/2013/04/28/kenyas-new-cellphone-money-model-could-disrupt-global-banking-industry/

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    Tuesday, April 23, 2013

    Car bomb targets French Embassy in Libya

    Police tape closes the site of a car bomb that targeted the French embassy wounding two French guards and causing extensive material damage in Tripoli, Libya, Tuesday, April 23, 2013. The explosives-laden car was detonated just outside the embassy building in Tripoli's upscale al-Andalus neighborhood, officials said. (AP Photo/Abdul Majeed Forjani)

    Police tape closes the site of a car bomb that targeted the French embassy wounding two French guards and causing extensive material damage in Tripoli, Libya, Tuesday, April 23, 2013. The explosives-laden car was detonated just outside the embassy building in Tripoli's upscale al-Andalus neighborhood, officials said. (AP Photo/Abdul Majeed Forjani)

    Security personnel inspect the site of a car bomb that targeted the French embassy wounding two French guards and causing extensive material damage in Tripoli, Libya, Tuesday, April 23, 2013. An explosives-laden car was detonated just outside the embassy building in Tripoli's upscale al-Andalus neighborhood, officials said. (AP Photo/Abdul Majeed Forjani)

    Security personnel and journalists inspect the site of a car bomb that targeted the French embassy wounding two French guards and causing extensive material damage in Tripoli, Libya, Tuesday, April 23, 2013. The explosives-laden car was detonated just outside the embassy building in Tripoli's upscale al-Andalus neighborhood, officials said. (AP Photo/Abdul Majeed Forjani)

    A security officer using a sniffer dog inspects the site of a car bomb that targeted the French embassy wounding two French guards and causing extensive material damage in Tripoli, Libya, Tuesday, April 23, 2013. The explosives-laden car was detonated just outside the embassy building in Tripoli's upscale al-Andalus neighborhood, officials said. (AP Photo/Abdul Majeed Forjani)

    Damaged cars are seen at the site of a car bomb that targeted the French embassy wounding two French guards and causing extensive material damage in Tripoli, Libya, Tuesday, April 23, 2013. An explosives-laden car was detonated just outside the embassy building in Tripoli's upscale al-Andalus neighborhood, officials said. (AP Photo/Abdul Majeed Forjani)

    TRIPOLI, Libya (AP) ? A car bomb targeted the French Embassy in the Libyan capital early Tuesday, wounding two French guards and a Libyan teenager in an attack that President Francois Hollande denounced as an assault not only on France but all countries engaged in the fight against terrorism.

    Two years after the country's civil war, Libya is struggling to maintain security, build a unified army and reining in militias, which include rebels who fought to oust the country's longtime dictator Moammar Gadhafi in 2011.

    It was the first such assault on an embassy in the Libyan capital. On Sept. 11, four Americans ? including the U.S. Ambassador in Libya Chris Stevens ? were killed when militants attacked the U.S. diplomatic mission on the eastern Libyan city of Benghazi.

    Terrorists with al-Qaida's North Africa branch, Al-Qaida in the Islamic Maghreb, or AQIM, are believed to have played a key role in the Benghazi attack. But no group has claimed responsibility for the attack on the French Embassy in Tripoli.

    Last week, AQIM, threatened to seek revenge against all countries taking part in the French-led war in Mali, warning that no one who "participated in this ferocious attack" will be safe. It called on "all Muslims to target France and its interests and subjects inside and outside France until it withdraws the last soldier from the land of the Muslims and lifts its support of rulers of the region." That threat came as part of a question and answer session on AQIM's new Twitter account.

    French officials have expressed concerns about the possibility of greater instability in Libya, where they believe at least some rebel fighters from Mali fled following France's military onslaught to dislodge al-Qaida-linked militants who controlled the vast north of the West African country for months.

    Also, in the post-Gadhafi turmoil in Libya, several diplomats, relief agencies and churches have come under attack and scores of Libyan security officials have been assassinated. In most cases, the government fails to nail down culprits or make arrests, either because of fear of counterattacks or the lack of capabilities to carry out a proper investigation.

    In the latest attack, the explosives-laden car was detonated just outside the embassy building in Tripoli's upscale al-Andalus neighborhood early in the morning, before any of the embassy staff had arrived inside the diplomatic mission, two Libyan security officials said.

    The strong explosion wounded two French guards and set off a fire at the embassy entrance that engulfed some of the offices inside, the officials said. A Libyan girl in her teens, who was in a nearby house, was also hurt from the blast.

    Two cars parked outside the embassy caught fire and two other nearby buildings were also damaged, said the officials, speaking on condition of anonymity because they were not authorized to talk to the media. Firefighters rushed to the scene of the attack as smoke billowed into the sky. Video from the scene showed charred walls on surrounding houses.

    The officials said the motives for the attack were not immediately clear. The Libyan government condemned the attack and said in a statement posted on its official website that it "rejects such actions, which are directly targeting Libya's security and stability."

    In Paris, President Hollande denounced the attack, saying in a statement that it targeted not only France but "all countries in the international community engaged in fighting terrorism."

    "France expects the Libyan authorities to shed the fullest light on this unacceptable act, so that the perpetrators are identified and brought to justice," Hollande added.

    At Hollande's request, French Foreign Minister Laurent Fabius was to travel to Tripoli later Tuesday to assess the situation and bring home the two wounded French guards.

    Ahead of his flight, Fabius said "this bombing was intended to kill, but France will not bend." He added that France was reinforcing security throughout the Mideast and the Sahel region of Africa.

    Earlier, Fabius called the bombing an "abhorrent act," and said that the foreign ministry was "in liaison with the Libyan authorities" and that France will "do everything it can to shed light on the circumstances."

    French institutions in Tripoli, including schools and cultural centers, were ordered to immediately suspend their activities.

    France, along with Britain, took a leading role in the NATO-led air campaign against Gadhafi's forces.

    Hollande's predecessor, President Nicolas Sarkozy, was hailed by many in Libya for France's role, and Paris has sought to maintain close economic and political contacts with the new leadership in Tripoli.

    The war left Libya awash in weapons, adding to the country's security challenges. An expert panel wrote to the U.N. Security Council this month warning that "Libya has over the past two years become a significant and attractive source of weaponry in the region."

    It said civilians and militias remain in control of most weapons in Libya, adding that "the lack of an effective security system remains one of the primary obstacles to securing military materiel and controlling the borders."

    The two Libyan security officials said that one of the wounded guards sustained severe injuries while the other was lightly hurt, adding that an investigation into the attack was underway.

    The attack site was later cordoned off, with heavy national guard and army units with armored vehicles surrounding the area. Libyan Deputy Prime Minister Awad al-Barassi and Foreign Minister Mohamed Abdelaziz visited the site.

    In his official Facebook page, al-Barassi said that the explosion wounded a girl from the neighborhood while she was having breakfast in her house.

    Libyan Saqr al-Qarifi, whose house is adjacent to the French Embassy, said the explosion woke him up around 7 a.m.

    "I heard a loud boom and immediately after that, windows were shattered and parts of my house were damaged," he said. He recounted seeing less security troops around the embassy lately.

    "It struck me over the past days that the guards had vanished from the vicinity of the embassy," he said. "I was wondering how come they leave the French Embassy with no security."

    __

    Associated Press writers Maamoun Youssef and Maggie Michael in Cairo and Thomas Adamson in Paris contributed to this report.

    Associated Press

    Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-04-23-Libya/id-07c4d14c43104293945eb345a18b405a

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