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NBS chief on budget debt reduction

National Bank of Serbia (NBS) Governor Radovan Jelašić warned that inflation in Serbia is higher than it should be. This does not have a good effect on the referential interest rates and the interest rates on the loans, as well as the rates of the industry and citizens as well.

Broke California poised to shut parks

• Public may lose access to 80% of nature reserves
• State’s plan digs deeper financial hole, say critics

It is hard to envisage a no-entry sign tagged to a towering redwood tree. But the recession – writ on an epic scale in California’s proposal to close 220 state parks – is forcing the American public to confront the closure of the great outdoors.

Arnold Schwarzenegger, California’s governor, is trying to make up a $26bn (£16bn) budget shortfall, and has suggested that California can no longer afford to run its parks.

Conservationists are meanwhile arguing that California cannot afford not to. And this week the federal government appeared to partly agree, with the National Parks Service threatening to seize some of the sites if Schwarzenegger goes ahead with the closures.

The proposed shutdown of the parks would affect 80% of California’s nature reserves, historic sites and recreation areas, and restrict access to 30% of the state’s coastline. Affected areas would stretch from the mountains of the Sierra Nevadas to the beaches and wetlands of Big Sur, and to the deserts of San Diego, where some of the last peninsular bighorn sheep roam.

California is not alone. The crisis has also exposed hitherto hidden casualties of the economic downturn, with states from Oregon to Illinois, and New York to Tennessee, struggling to stretch resources.

Other states have proposed budgets that would put closed signs on parks and historic sites, though none so far has adopted measures as extreme as those being put forward in California.

Pennsylvania presented a budget proposal last month that would shut 35 of its 117 state parks. Several states have been forced to scale back opening hours and services, and dismiss rangers, faced with cuts to budgets – ranging from 39% in Georgia to 57% in Idaho.

The federal government does not have the resources to save more than a handful of California’s parks, let alone all of those across the US. Nonetheless, the National Parks Service issued a letter warning Schwarzenegger that it would use protection clauses under the original land deeds to the states, so as to take control of six parks in the San Francisco area, the dunes around the Big Sur and elsewhere.

“We really are just looking for ways we can keep those places open,” said David Siegenthaler, the National Parks Service’s manager for the state of California. “In these economic times it is probably even more important that people have access to good places.”

Conservationists believe parks can withstand a year or so of closure without lasting harm. But fewer ranger stations will mean increased risk of vandalism, and less maintenance will lead to environmental degradation.

“If it is a year or two I don’t think the damage will be a long lasting situation,” said Philip McKnelly, director of the National Association of State Park Directors. “But ultimately it is going to show as damage to resources.”

A survey of state park directors in mid-May suggested most states had cut spending on parks by 15% in their 2008 budgets, and were considering steeper cuts in the next fiscal year, which started on 1 July for many. In California, the loss will be immediate, conservationists say, putting some of the state’s most visited sites off-limits.

Critics also fear the closures could be irreversible. “Once those places are closed it becomes very difficult to re-open them,” said Traci Verardo Torres, of the California State Parks Foundation, which is protesting against the proposal.

The impact would be felt from the northern limits of the Sierra Nevada mountains — with the proposed shutdown of a park in memory of the doomed members of the Donner party, stranded travellers who resorted to cannibalism during the winter snows — to the deserts south of San DiegoSchwarzenegger’s proposal forces the closure of the only camp grounds inside the giant redwood forests to the north, and it blocks access to Lake Tahoe, though the site is shared by California with Nevada. “All of the parks in Lake Tahoe are proposed for closure,” said Verardo Torres. “If [they] close there would not be a way legally for the public to access the lakes.”

The order would also shutter urban tourist attractions such as San Francisco’s Angel Island — the Ellis Island of America’s Pacific Coast, where the barracks where Chinese migrants were quarantined are preserved. It is not immediately clear, in any case, how California will put vast tracts of land off-limits. “They would have to fence it and guard it to keep people out, and the effort they would have to extend to keep people out would cost just as much to run the park,” said Siegenthaler.

California could be digging itself into a yet deeper financial hole by its actions, some say. Many of the parks are a source of revenue for state and local communities. “Each visitor to a state park is worth $57 per visit. The parks have generated millions throughout California,” said Tim Gibbs, programme manager at the National Parks Conservation Association. “It’s almost as if they are shooting themselves in the foot.”

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds


Broke California poised to shut parks

• Public may lose access to 80% of nature reserves
• State’s plan digs deeper financial hole, say critics

It is hard to envisage a no-entry sign tagged to a towering redwood tree. But the recession – writ on an epic scale in California’s proposal to close 220 state parks – is forcing the American public to confront the closure of the great outdoors.

Arnold Schwarzenegger, California’s governor, is trying to make up a $26bn (£16bn) budget shortfall, and has suggested that California can no longer afford to run its parks.

Conservationists are meanwhile arguing that California cannot afford not to. And this week the federal government appeared to partly agree, with the National Parks Service threatening to seize some of the sites if Schwarzenegger goes ahead with the closures.

The proposed shutdown of the parks would affect 80% of California’s nature reserves, historic sites and recreation areas, and restrict access to 30% of the state’s coastline. Affected areas would stretch from the mountains of the Sierra Nevadas to the beaches and wetlands of Big Sur, and to the deserts of San Diego, where some of the last peninsular bighorn sheep roam.

California is not alone. The crisis has also exposed hitherto hidden casualties of the economic downturn, with states from Oregon to Illinois, and New York to Tennessee, struggling to stretch resources.

Other states have proposed budgets that would put closed signs on parks and historic sites, though none so far has adopted measures as extreme as those being put forward in California.

Pennsylvania presented a budget proposal last month that would shut 35 of its 117 state parks. Several states have been forced to scale back opening hours and services, and dismiss rangers, faced with cuts to budgets – ranging from 39% in Georgia to 57% in Idaho.

The federal government does not have the resources to save more than a handful of California’s parks, let alone all of those across the US. Nonetheless, the National Parks Service issued a letter warning Schwarzenegger that it would use protection clauses under the original land deeds to the states, so as to take control of six parks in the San Francisco area, the dunes around the Big Sur and elsewhere.

“We really are just looking for ways we can keep those places open,” said David Siegenthaler, the National Parks Service’s manager for the state of California. “In these economic times it is probably even more important that people have access to good places.”

Conservationists believe parks can withstand a year or so of closure without lasting harm. But fewer ranger stations will mean increased risk of vandalism, and less maintenance will lead to environmental degradation.

“If it is a year or two I don’t think the damage will be a long lasting situation,” said Philip McKnelly, director of the National Association of State Park Directors. “But ultimately it is going to show as damage to resources.”

A survey of state park directors in mid-May suggested most states had cut spending on parks by 15% in their 2008 budgets, and were considering steeper cuts in the next fiscal year, which started on 1 July for many. In California, the loss will be immediate, conservationists say, putting some of the state’s most visited sites off-limits.

Critics also fear the closures could be irreversible. “Once those places are closed it becomes very difficult to re-open them,” said Traci Verardo Torres, of the California State Parks Foundation, which is protesting against the proposal.

The impact would be felt from the northern limits of the Sierra Nevada mountains — with the proposed shutdown of a park in memory of the doomed members of the Donner party, stranded travellers who resorted to cannibalism during the winter snows — to the deserts south of San DiegoSchwarzenegger’s proposal forces the closure of the only camp grounds inside the giant redwood forests to the north, and it blocks access to Lake Tahoe, though the site is shared by California with Nevada. “All of the parks in Lake Tahoe are proposed for closure,” said Verardo Torres. “If [they] close there would not be a way legally for the public to access the lakes.”

The order would also shutter urban tourist attractions such as San Francisco’s Angel Island — the Ellis Island of America’s Pacific Coast, where the barracks where Chinese migrants were quarantined are preserved. It is not immediately clear, in any case, how California will put vast tracts of land off-limits. “They would have to fence it and guard it to keep people out, and the effort they would have to extend to keep people out would cost just as much to run the park,” said Siegenthaler.

California could be digging itself into a yet deeper financial hole by its actions, some say. Many of the parks are a source of revenue for state and local communities. “Each visitor to a state park is worth $57 per visit. The parks have generated millions throughout California,” said Tim Gibbs, programme manager at the National Parks Conservation Association. “It’s almost as if they are shooting themselves in the foot.”

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds


Broke California poised to shut parks

• Public may lose access to 80% of nature reserves
• State’s plan digs deeper financial hole, say critics

It is hard to envisage a no-entry sign tagged to a towering redwood tree. But the recession – writ on an epic scale in California’s proposal to close 220 state parks – is forcing the American public to confront the closure of the great outdoors.

Arnold Schwarzenegger, California’s governor, is trying to make up a $26bn (£16bn) budget shortfall, and has suggested that California can no longer afford to run its parks.

Conservationists are meanwhile arguing that California cannot afford not to. And this week the federal government appeared to partly agree, with the National Parks Service threatening to seize some of the sites if Schwarzenegger goes ahead with the closures.

The proposed shutdown of the parks would affect 80% of California’s nature reserves, historic sites and recreation areas, and restrict access to 30% of the state’s coastline. Affected areas would stretch from the mountains of the Sierra Nevadas to the beaches and wetlands of Big Sur, and to the deserts of San Diego, where some of the last peninsular bighorn sheep roam.

California is not alone. The crisis has also exposed hitherto hidden casualties of the economic downturn, with states from Oregon to Illinois, and New York to Tennessee, struggling to stretch resources.

Other states have proposed budgets that would put closed signs on parks and historic sites, though none so far has adopted measures as extreme as those being put forward in California.

Pennsylvania presented a budget proposal last month that would shut 35 of its 117 state parks. Several states have been forced to scale back opening hours and services, and dismiss rangers, faced with cuts to budgets – ranging from 39% in Georgia to 57% in Idaho.

The federal government does not have the resources to save more than a handful of California’s parks, let alone all of those across the US. Nonetheless, the National Parks Service issued a letter warning Schwarzenegger that it would use protection clauses under the original land deeds to the states, so as to take control of six parks in the San Francisco area, the dunes around the Big Sur and elsewhere.

“We really are just looking for ways we can keep those places open,” said David Siegenthaler, the National Parks Service’s manager for the state of California. “In these economic times it is probably even more important that people have access to good places.”

Conservationists believe parks can withstand a year or so of closure without lasting harm. But fewer ranger stations will mean increased risk of vandalism, and less maintenance will lead to environmental degradation.

“If it is a year or two I don’t think the damage will be a long lasting situation,” said Philip McKnelly, director of the National Association of State Park Directors. “But ultimately it is going to show as damage to resources.”

A survey of state park directors in mid-May suggested most states had cut spending on parks by 15% in their 2008 budgets, and were considering steeper cuts in the next fiscal year, which started on 1 July for many. In California, the loss will be immediate, conservationists say, putting some of the state’s most visited sites off-limits.

Critics also fear the closures could be irreversible. “Once those places are closed it becomes very difficult to re-open them,” said Traci Verardo Torres, of the California State Parks Foundation, which is protesting against the proposal.

The impact would be felt from the northern limits of the Sierra Nevada mountains — with the proposed shutdown of a park in memory of the doomed members of the Donner party, stranded travellers who resorted to cannibalism during the winter snows — to the deserts south of San DiegoSchwarzenegger’s proposal forces the closure of the only camp grounds inside the giant redwood forests to the north, and it blocks access to Lake Tahoe, though the site is shared by California with Nevada. “All of the parks in Lake Tahoe are proposed for closure,” said Verardo Torres. “If [they] close there would not be a way legally for the public to access the lakes.”

The order would also shutter urban tourist attractions such as San Francisco’s Angel Island — the Ellis Island of America’s Pacific Coast, where the barracks where Chinese migrants were quarantined are preserved. It is not immediately clear, in any case, how California will put vast tracts of land off-limits. “They would have to fence it and guard it to keep people out, and the effort they would have to extend to keep people out would cost just as much to run the park,” said Siegenthaler.

California could be digging itself into a yet deeper financial hole by its actions, some say. Many of the parks are a source of revenue for state and local communities. “Each visitor to a state park is worth $57 per visit. The parks have generated millions throughout California,” said Tim Gibbs, programme manager at the National Parks Conservation Association. “It’s almost as if they are shooting themselves in the foot.”

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds


“Orgasm A Day” Campaign Directed At British Schoolchildren Sparks Controversy

The National Health Service of Britain has sparked controversy with their controversial sex education campaign promoting an orgasm a day:

A National Health Service leaflet is advising school pupils that they have a “right” to an enjoyable sex…

“Inflation higher than desirable”

National Bank of Serbia (NBS) Governor Radovan JelaÅ¡ić has warned that inflation in Serbia has already surpassed the “desirable” mark. This, he said on Sunday in Belgrade, has a negative effect on the reference interest rate.

Scott Atran: The Moral Failure of Our National Intelligence

A new government report on the Bush administration’s surveillance of personal commmunications reveals a familiar pattern of intellectual deafness and moral abuse of the country.

Judith Ellis: Being Undermined by National News

I will not subscribe to the Washington Post. But how can we come together as citizens of our great democracy and make them feel the impact of their action?

Key interest rate reduced to 12 pct

The National Bank of Serbia (NBS) Monetary Committee has decided to reduce the reference interest rate from to 12 from 13 percent. The NBS stated on Friday that in order to improve the domestic currency solvency of the banking sector the committee adopted amendments to the decision on special measures of support to the country’s financial stability.

Anglo American set for Xstrata fight

Sir John Parker, the chairman of the UK’s National Grid, takes role as mining company fights unwanted takeover bid

Anglo American has appointed Sir John Parker as chairman to bolster the mining company’s defences against an unwanted takeover bid from rival Xstrata.

Parker joins the board with immediate effect and will become chairman on 1 August. He succeeds Sir Mark Moody-Stuart, who is retiring after seven years as chairman.

Parker, who is well-respected in the City, is chairman of the UK’s National Grid. In South Africa, where Anglo was founded and still has many operations, he shares with Cyril Ramaphosa the chairmanship of the Mondi Group, the paper producer that was spun off from Anglo two years ago.

He is expected to relinquish several of his other commitments; recently, he stepped down as chair of the court of the Bank of England.

Last month, Anglo American rejected an all-share offer from Xstrata, headed by the South African-born Mick Davis, as “totally unacceptable”. The combined group would have a market value of more than £40bn.

Moody-Stuart said the board’s decision to recruit Parker after a global search that took several months was unanimous. “Sir John is recognised as a highly experienced and independent chairman, has chaired four FTSE 100 companies and brings a wealth of leadership experience across a range of industries in many countries, including in South Africa,” he said.

Parker said: “With deep roots in South Africa, a country I know very well through my years at Babcock International and my more recent role at Mondi working jointly with Cyril Ramaphosa, this global company has an opportunity to deliver considerable further growth and value in the coming years.”

Ramaphosa, a former South African union leader and head of the African National Congress, had also been shortlisted for Anglo’s chairmanship.

The takeover battle took an unusual turn yesterday when Cynthia Carroll, Anglo’s chief executive, became the target of a sexist rant from the group’s former deputy chairman, Graham Boustred. He also said Anglo was a disaster and the board had to be swept aside. “The only way for it to be swept aside is for Mick Davis to succeed with his bid.”

Carroll has been criticised by some investors for scrapping Anglo’s dividend, showing poor leadership and overpaying for assets.

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds