US and China announce anti-dumping steps


BEIJING: The United States and China have announced new anti-dumping steps against each other over aluminum and nylon, raising the threat of new tensions over trade and currency that had eased in recent weeks.

The U.S. Commerce Department said Wednesday it was launching an investigation into whether Chinese extruded aluminum products were being dumped, or sold at improperly low prices, due to government subsidies or other aid.

On Thursday, China's Commerce Ministry said it was imposing anti-dumping duties of up to 96.5 percent on imports of polycaprolactam, or nylon 6, from the United States, Europe, Russia and Taiwan.

The latest moves could reignite strains over U.S. complaints about China's currency controls, which critics say keep the Chinese currency undervalued and give its exporters an unfair price advantage. The two sides have made a series of conciliatory gestures in recent weeks, including a visit by Chinese President Hu Jintao to Washington.

The two governments have launched a series of trade cases over access to each other's markets for tires, steel, movies, music and other goods.

Products cited in the latest U.S. complaint are used in making window and door frames and sills, gutters, and solar power frames. The Commerce Department said their prices were alleged to be 32.5 to33.3 percent too low. The department said it would issue a preliminary report May 17 and a final determination in May.

Jordan reports blast at depot, denies Israel rocket fire

AMMAN: A senior Jordanian official said a blast hit a depot near its port town of Aqaba on Thursday, denying an Israeli television report that rockets were fired from its territory at the resort city of Eilat.

The explosion occurred in an air-conditioning plant on the outskirts of Aqaba at about 7:00 am (0400 GMT), the official told AFP on condition of anonymity.

"We know of no rockets in Eilat," he said, adding that an investigation had been launched into the incident.

Shoaib and Sania reach Islamabad hotel


ISLAMABAD: Shoaib Malik and Sania Mirza have arrived at a local hotel where reservation had been made for their day-long stay in the capital city.

The couple was provided a VVIP protocol as they left Benazir International Airport for the hotel on Thursday evening.

A cheerful crowd gathered outside the airport to welcome the newly-weds. However, the couple left the airport in a coaster from VIP exit.

The roads were blocked for free movement of the couple’s convoy who are being treated as state guests during their visit to the city.

Reservation for the state guests has been made in a five-star hotel for a day in Islamabad.

They are expected to meet high officials in the capital city including the Indian High Commissioner in Islamabad.

Earlier, the couple took a flight from Karachi airport and arrived in Islamabad in one hour and forty-five minutes.

Shoaib and Sania were presented flower bouquets by the plane crew as they got onboard at Karachi airport.

On her arrival in Karachi from India, Sania Mirza said it is for the first time in her life that she has come to the metropolitan city. “It feels great to have arrived here in Pakistan,” she said.

On the occasion, Shoaib Malik said he will stay in Pakistan with her mate for one week.

Sania Mirza’s mother is accompanying the couple. It is expected that the Indian guests will start arriving in Pakistan in the next day or two to attend the Valima reception.

Shoania will return to India after hosting the reception on April 28.

Above 150 US companies facing bankruptcy threat


WASHINGTON: At least 150 US companies facing threat of bankruptcy as Obama administration has announced amendments in financial reforms to tackle the situation.

US President Barack Obama said in a speech that the United States was doomed to repeat its economic crisis if his financial reform bid failed, calling financial institutions to "join, not fight" the drive.

In his speech, Obama outlined the need to push forward the financial industry reform, explaining at a speech in New York that the nation will be at risk if the US keeps the current framework. He seeks to swiftly push regulatory reform into law.

"It is essential that we learn the lessons of this crisis, so we don't doom ourselves to repeat it," Obama said.

Obama said he believed in the "power of the free market," but a free market was never meant to be a free license to take whatever you can get, however you can get it. And he urged Wall Street bosses to halt armies of lobbyists the White House says are being paid millions of dollars by the industry to hinder reform.

Iceland closes airports for first time due to volcanic ash


LONDON: Iceland will close two airports on Friday for the first time, a week after ash from an Icelandic volcano forced the shutdown of airspace over much of Europe and stranded thousands of passengers around the world, the Icelandic aviation authority announced.

The Keflavik International Airport and Reykjavík International Airport will be closed beginning early Friday morning, the aviation authority said, according to a statement on the Keflavik airport's website.

Though the ash cloud originated in Iceland, the country's airports have been spared from closure until now. Strong northwest winds had been blowing ash from the volcano, in the south of Iceland, out to sea and over Europe.

Elsewhere in Europe, most airports appeared to be open on Thursday and are expected to be open Friday.

That reduction in volcanic activity appeared to be the main reason that flights resumed operating in Europe on Wednesday, along with European countries relaxing their restrictions on flight, according to a spokeswoman for Eurocontrol, an intergovernmental body that manages European air travel.

MQM delegation meets Punjab CM

MQM delegation meets Punjab CM LAHORE: A four-member delegation of Muttahida Qaumi Movement (MQM) met with Punjab Chief Minister Shahbaz Sharif at his residence here on Friday.

The delegation headed by Provincial Minister Dr. Sagheer comprised of Faisal Sabzwari, Khalid Umer and Nisar Ahmad Panwar discussed conventions of MQM in Punjab and other issues.

Talking to Geo News, MQM leader Faisal Sabzwari said that permission to hold conventions in open spaces in ... Full story

Pilots who overflew airport drop attempt to keep licenses




By Mike Ahlers, CNN

Washington -- The Northwest Airlines pilots who lost their licenses after overflying their Minneapolis destination last year have dropped their appeal, the Federal Aviation Administration said Monday.

Under a settlement with the FAA, the pilots will not contest their license revocation but can reapply for their licenses in 10 months instead of 12, the agency said.

The FAA declined to say why it settled, but the settlement pre-empts the need for an appeals hearing next month before the National Transportation Safety Board that could have resulted in protracted litigation.

The FAA said it reached the settlement Monday.

If the pilots reapply for their licenses, they would need to take tests required of new pilots and would need simulator training to get certificates allowing them to pilot commercial planes, FAA spokeswoman Laura Brown said.

Although acquaintances of the pilots' have launched defenses on the Internet, Capt. Timothy Cheney and First Officer Richard Cole were at least initially apologetic for their actions in the days following the mistake.

"There's no good excuse," Cheney told NTSB investigators four days after the event. "I let my guard down. I wish I could explain why."

Cheney and Cole told investigators that they had not fallen asleep, as originally had been suspected, but had become distracted by an airline scheduling system on their laptop computers and "got deeper and deeper into it."

When a flight attendant called the cockpit to ask when they would land, the pilots realized that not only were they a half-hour late for the scheduled prelanding deceleration, they were about 150 miles beyond the Minneapolis, Minnesota, airport where they were supposed to land.

Cheney, who has about 20,000 hours of flying time, told investigators he was "blown away" that he had been distracted for so long, saying that in 24 years of flying, "I've never, ever, been in this situation."

He acknowledged putting his 144 passengers "at risk" and said he was embarrassed, the safety board report said. "You'll never know how sorry I am," it quoted him as saying.

The crew of Northwest Flight 188 was out of radio contact with radio controllers for 77 minutes during the October 21 flight from San Diego, California, according to the FAA.


Pilots who overflew airport drop attempt to keep licenses

By Mike Ahlers, CNN

Washington -- The Northwest Airlines pilots who lost their licenses after overflying their Minneapolis destination last year have dropped their appeal, the Federal Aviation Administration said Monday.

Under a settlement with the FAA, the pilots will not contest their license revocation but can reapply for their licenses in 10 months instead of 12, the agency said.

The FAA declined to say why it settled, but the settlement pre-empts the need for an appeals hearing next month before the National Transportation Safety Board that could have resulted in protracted litigation.

The FAA said it reached the settlement Monday.

If the pilots reapply for their licenses, they would need to take tests required of new pilots and would need simulator training to get certificates allowing them to pilot commercial planes, FAA spokeswoman Laura Brown said.

Although acquaintances of the pilots' have launched defenses on the Internet, Capt. Timothy Cheney and First Officer Richard Cole were at least initially apologetic for their actions in the days following the mistake.

"There's no good excuse," Cheney told NTSB investigators four days after the event. "I let my guard down. I wish I could explain why."

Cheney and Cole told investigators that they had not fallen asleep, as originally had been suspected, but had become distracted by an airline scheduling system on their laptop computers and "got deeper and deeper into it."

When a flight attendant called the cockpit to ask when they would land, the pilots realized that not only were they a half-hour late for the scheduled prelanding deceleration, they were about 150 miles beyond the Minneapolis, Minnesota, airport where they were supposed to land.

Cheney, who has about 20,000 hours of flying time, told investigators he was "blown away" that he had been distracted for so long, saying that in 24 years of flying, "I've never, ever, been in this situation."

He acknowledged putting his 144 passengers "at risk" and said he was embarrassed, the safety board report said. "You'll never know how sorry I am," it quoted him as saying.

The crew of Northwest Flight 188 was out of radio contact with radio controllers for 77 minutes during the October 21 flight from San Diego, California, according to the FAA.


Obama slams insurers, demands health care reform


Strongsville, Ohio (CNN) -- The yearlong fight over health care reached a fever pitch Monday as President Obama took his call for change to the political swing state of Ohio, slamming insurance companies and repeating his call for a final congressional vote on his sweeping reform plan.

The president's push came as the House of Representatives prepared for an expected vote this week on the roughly $875 billion bill passed by the Senate in December. Under the strategy adopted by congressional leaders, both chambers of Congress then would pass a series of changes designed in part to make the legislation more acceptable to House Democrats.

If enacted, the reform proposal would be the biggest expansion of federal health care guarantees since the enactment of Medicare and Medicaid more than four decades ago. The plan is expected to extend insurance coverage to 30 million-plus Americans.

The Senate bill would reduce federal deficits by about $118 billion over 10 years, according to the nonpartisan Congressional Budget Office.

Republicans, meanwhile, have repeatedly promised to fight what they say amounts to an ill-conceived government takeover of the country's health care system.

GOP leaders have said the plan will do little to slow spiraling medical costs. They also say it will lead to higher premiums and taxes for middle-class families while resulting in deep Medicare cuts.

"We need health insurance reform right now," the president said at a campaign-style rally outside Cleveland. And "this is like a patients' bill of rights on steroids."

In the end, the president said, "this debate is about far more than politics. ... It comes down to what kind of country we want to be."

Obama brought up the story of a self-employed Ohio woman named Natoma Canfield who, according to the president, was repeatedly hit with large premium increases after being diagnosed with cancer.

Canfield eventually was forced to drop her coverage. She was recently diagnosed with leukemia.

"When you hear people say 'start over,' I want you to think about Natoma," Obama said. "When you hear people saying that this isn't the 'right time,' you think about what she's going through. ... There but for the grace of God go any one of us."

The president said the "status quo on health care is simply unsustainable. We cannot have a system that works better for the insurance companies than it does for the American people."

Obama's trip to Ohio was the latest in a series of speeches designed to bolster sagging public support for his health care proposal. The president delivered similar remarks in Pennsylvania and Missouri last week. On Friday, he agreed to delay an upcoming trip to Indonesia and Australia to help make a final pitch to wavering rank-and-file Democrats.

"I think people have come to the realization that this is the moment," senior White House adviser David Axelrod said Sunday on CNN's "State of the Union."

The House Budget Committee will officially put the legislative wheels in motion Monday on final passage of the reform plan. The committee is scheduled to vote on a legislative maneuver known as reconciliation, a procedure that would allow key changes to the bill to pass the Senate with a simple majority of 51 votes. Senate Democrats lost their filibuster-proof, 60-seat supermajority with the January election of GOP Sen. Scott Brown of Massachusetts to the seat formerly held by the late Democratic Sen. Ted Kennedy.

Republicans are livid about the Democrats' decision to use reconciliation. They say the procedure, which is limited to provisions pertaining to the budget, was never meant to facilitate passage of a sweeping reform measure such as the health care bill.

"In its desperation to force this bill through, the White House is reverting to the anything goes approach," Senate Minority Leader Mitch McConnell, R-Kentucky, said after Obama's speech. "And the results are predictable: Americans won't like this bill any more than they liked the last one."

Democrats have pointed out that reconciliation was used to pass several major bills in recent years, including President George W. Bush's 2001 and 2003 tax cuts.

Unanimous GOP opposition to the reform plan has left House Speaker Nancy Pelosi, D-California, struggling to find the 216 votes necessary to pass the Senate version of the bill.

Among other things, some House members have expressed concern that the Senate bill does not include an adequate level of subsidies to help middle- and lower-income families purchase coverage. They also object to the Senate's proposed tax on expensive insurance plans.

At the same time, a handful of socially conservative House Democrats say the Senate plan doesn't do enough to ensure taxpayer funds are not used to fund abortions. Several political observers have said deep divisions over abortion may be the toughest hurdle for Democratic leaders to overcome.

Partly to help sweeten the deal for House liberals, multiple Democratic sources have said a large student loan reform measure probably will be rolled into the health care reconciliation package.

The measure, which is a priority for Obama, would end the practice of having private banks offer student loans while expanding direct lending from the government.

The list of proposed changes also includes closure of the Medicare prescription drug "doughnut hole" by 2020. Under current law, Medicare stops covering drug costs after a plan and beneficiary have spent more than $2,830 on prescription drugs. It starts paying again after an individual's out-of-pocket expenses exceed $4,550.

In addition, the effect of the so-called "Cadillac" tax on high-end plans may be reduced by delaying its implementation until 2018 while raising the income threshold at which the tax is imposed.

Adding to the political complications, a separate legislative maneuver being advocated by some Democrats would allow the House to avoid a direct up-or-down vote on the Senate bill. Under the proposal, the full House would only have to vote on a rule declaring the Senate bill to be passed.

"If Speaker Pelosi believed there was ample support for the Senate legislation, then she would bring it to the floor of the House for a 'yea' or 'nay' vote," House Minority Whip Eric Cantor, R-Virginia, said Monday.

"Instead, Americans are watching what happens when it becomes necessary to push political kickbacks and bend the rules so perversely to give members of the majority party who wouldn't otherwise support this legislation political cover."

Public opinion polls show that a majority of Americans have turned against the administration's health care reform plan, though individual elements of the proposal remain widely popular.

"I don't know about the politics, but I know what's the right thing to do," Obama said at the conclusion of his remarks Monday.

CNN's Alan Silverleib and Deirdre Walsh contributed to this report.

Obama slams insurers, demands health care reform

Strongsville, Ohio (CNN) -- The yearlong fight over health care reached a fever pitch Monday as President Obama took his call for change to the political swing state of Ohio, slamming insurance companies and repeating his call for a final congressional vote on his sweeping reform plan.

The president's push came as the House of Representatives prepared for an expected vote this week on the roughly $875 billion bill passed by the Senate in December. Under the strategy adopted by congressional leaders, both chambers of Congress then would pass a series of changes designed in part to make the legislation more acceptable to House Democrats.

If enacted, the reform proposal would be the biggest expansion of federal health care guarantees since the enactment of Medicare and Medicaid more than four decades ago. The plan is expected to extend insurance coverage to 30 million-plus Americans.

The Senate bill would reduce federal deficits by about $118 billion over 10 years, according to the nonpartisan Congressional Budget Office.

Republicans, meanwhile, have repeatedly promised to fight what they say amounts to an ill-conceived government takeover of the country's health care system.

GOP leaders have said the plan will do little to slow spiraling medical costs. They also say it will lead to higher premiums and taxes for middle-class families while resulting in deep Medicare cuts.

"We need health insurance reform right now," the president said at a campaign-style rally outside Cleveland. And "this is like a patients' bill of rights on steroids."

In the end, the president said, "this debate is about far more than politics. ... It comes down to what kind of country we want to be."

Obama brought up the story of a self-employed Ohio woman named Natoma Canfield who, according to the president, was repeatedly hit with large premium increases after being diagnosed with cancer.

Canfield eventually was forced to drop her coverage. She was recently diagnosed with leukemia.

"When you hear people say 'start over,' I want you to think about Natoma," Obama said. "When you hear people saying that this isn't the 'right time,' you think about what she's going through. ... There but for the grace of God go any one of us."

The president said the "status quo on health care is simply unsustainable. We cannot have a system that works better for the insurance companies than it does for the American people."

Obama's trip to Ohio was the latest in a series of speeches designed to bolster sagging public support for his health care proposal. The president delivered similar remarks in Pennsylvania and Missouri last week. On Friday, he agreed to delay an upcoming trip to Indonesia and Australia to help make a final pitch to wavering rank-and-file Democrats.

"I think people have come to the realization that this is the moment," senior White House adviser David Axelrod said Sunday on CNN's "State of the Union."

The House Budget Committee will officially put the legislative wheels in motion Monday on final passage of the reform plan. The committee is scheduled to vote on a legislative maneuver known as reconciliation, a procedure that would allow key changes to the bill to pass the Senate with a simple majority of 51 votes. Senate Democrats lost their filibuster-proof, 60-seat supermajority with the January election of GOP Sen. Scott Brown of Massachusetts to the seat formerly held by the late Democratic Sen. Ted Kennedy.

Republicans are livid about the Democrats' decision to use reconciliation. They say the procedure, which is limited to provisions pertaining to the budget, was never meant to facilitate passage of a sweeping reform measure such as the health care bill.

"In its desperation to force this bill through, the White House is reverting to the anything goes approach," Senate Minority Leader Mitch McConnell, R-Kentucky, said after Obama's speech. "And the results are predictable: Americans won't like this bill any more than they liked the last one."

Democrats have pointed out that reconciliation was used to pass several major bills in recent years, including President George W. Bush's 2001 and 2003 tax cuts.

Unanimous GOP opposition to the reform plan has left House Speaker Nancy Pelosi, D-California, struggling to find the 216 votes necessary to pass the Senate version of the bill.

Among other things, some House members have expressed concern that the Senate bill does not include an adequate level of subsidies to help middle- and lower-income families purchase coverage. They also object to the Senate's proposed tax on expensive insurance plans.

At the same time, a handful of socially conservative House Democrats say the Senate plan doesn't do enough to ensure taxpayer funds are not used to fund abortions. Several political observers have said deep divisions over abortion may be the toughest hurdle for Democratic leaders to overcome.

Partly to help sweeten the deal for House liberals, multiple Democratic sources have said a large student loan reform measure probably will be rolled into the health care reconciliation package.

The measure, which is a priority for Obama, would end the practice of having private banks offer student loans while expanding direct lending from the government.

The list of proposed changes also includes closure of the Medicare prescription drug "doughnut hole" by 2020. Under current law, Medicare stops covering drug costs after a plan and beneficiary have spent more than $2,830 on prescription drugs. It starts paying again after an individual's out-of-pocket expenses exceed $4,550.

In addition, the effect of the so-called "Cadillac" tax on high-end plans may be reduced by delaying its implementation until 2018 while raising the income threshold at which the tax is imposed.

Adding to the political complications, a separate legislative maneuver being advocated by some Democrats would allow the House to avoid a direct up-or-down vote on the Senate bill. Under the proposal, the full House would only have to vote on a rule declaring the Senate bill to be passed.

"If Speaker Pelosi believed there was ample support for the Senate legislation, then she would bring it to the floor of the House for a 'yea' or 'nay' vote," House Minority Whip Eric Cantor, R-Virginia, said Monday.

"Instead, Americans are watching what happens when it becomes necessary to push political kickbacks and bend the rules so perversely to give members of the majority party who wouldn't otherwise support this legislation political cover."

Public opinion polls show that a majority of Americans have turned against the administration's health care reform plan, though individual elements of the proposal remain widely popular.

"I don't know about the politics, but I know what's the right thing to do," Obama said at the conclusion of his remarks Monday.

CNN's Alan Silverleib and Deirdre Walsh contributed to this report.