Tuesday, May 26, 2009

German grant aid for Nepal

KATHMANDU: The government of the Federal Republic of Germany has agreed to provide a grant assistance of Euro7.50 million (equivalent to Rs 789.9 million) to Nepal for Town Development Project, Phase III.According to a Finance Ministry, the grant assistance will be used in urban economic and social infrastructure projects and renovation of municipal buildings damaged during the conflict period. Earlier, with grant assistance from Germany, two phases of Town Development Fund Project have been launched. Like the other two grant amounts, this one also will be administered by the Town Development Fund (TDF) — an autonomous financial institution established under the Ministry of Physical Planning and Works according to its Loan and Grant Policy 2009. By the end of 2012, TDF shall disburse the total fund with 80 per cent for loan financing and 20 per cent for grant financing to municipalities, small towns, users committee and the private sectors, according to a ministry statement. An agreement to this effect was signed by and exchanged between Rameshwore Prasad Khanal, secretary at the Ministry of Finance and Verena Grafin Von Roedern, Federal Republic of Germany’s ambassador to Nepal.

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Everyone knows that insurance premiums can be affected by your credit history or perhaps a spotty driving record in the case of auto insurance. But few people realize that an insurance company's loss experience is one of the biggest factors for determining how much they will pay for coverage. How so? Well, say for example an insurance company paid out a large amount of homeowner insurance claims due to a particularly catastrophic year of floods and fire damage. The same insurance company may also provide auto insurance coverage. To compensate for the losses experienced under their home owner insurance division, they may raise premiums for their car insurance customers even if they had no accidents or tickets. Or, they could simply increase the insurance prices for house insurance policyholders in another state.
Insurance is a business, and like any other business it needs to generate profit. Monetary losses from an excessive amount of insurance claims are usually shifted to the consumer in the package of higher insurance premiums. If the insurance company had an extremely profitable year, they may lower rates to attract more customers and increase the number of policyholders they have. For this reason, insurance rates vary greatly from one company to another.
Health and life insurance rates are very low right now in this competitive insurance industry. However, some health and life insurance companies offer low initial rates to gain insurance customers and then gradually increase these teaser insurance rates over time. The best way to ensure you are getting the best price for your insurance needs is to review your policy rates regularly and compare them against what other competing insurance companies are offering. You can do this by requesting insurance quotes from multiple insurance companies

PM Nepal to address the nation

Newly elected Prime Minister Madhav Kumar Nepal will address the nation Tuesday afternoon, reports say.
PM Nepal will address the nation from his office in Singha Durbar at 4.00 pm. He is expected to talk about the policies and programmes of the new government in his address. He will also consult other coalition partners on cabinet formation.
PM Nepal assumed office from Monday after being sworn in by President Ram Baran Yadav. He then briefed high level government officials. Later in the afternoon PM Nepal met with security agency chiefs and took stock of the security situation in the country

Entertainment



NEW YORK


jon and Kate Gosselin arrived separately for their sextuplets' fifth birthday party. During the party, the spouses barely spoke to each other.
Clearly, the Gosselin marriage was under a strain as the new season started for the TLC series, "Jon & Kate Plus 8."
No wonder. The daily challenges of a super-size family with eight kids in the house have recently been overshadowed by reports that Jon and Kate cheated on each other. Both of them have denied the allegations.
But on Monday's premiere (along with scenes of the party), Kate and Jon addressed the media firestorm that has engulfed them from beyond the carefully tended boundaries of their own reality show.
"Did I ever think I'd see myself on the front of the tabloids?" said Kate indignantly. "Or see those words that are there? No. It kills me!"
And Jon, who insisted he was "being innocent and hanging out" despite reports of an affair with a 23-year-old schoolteacher, said, "I never read a tabloid magazine until I was in one. And the first one I bought was the last one I bought."
As they reflected on the scandals that have made their lives so difficult and put their marriage in peril, the Gosselins were filmed individually, each seated alone on a sofa — in itself, a revealing touch.
"Very swiftly we turned into two different people," Kate said at one point, as she described how she has grown apart from her husband of 10 years, "and it's just hard."
While Kate has spent a lot of time on the road, making personal appearances for the show, Jon has mostly stayed home.
"So he's angry with me that he's home and I'm not," Kate said. "Yet he doesn't really feel great about me, so he wants me to travel.
"It is so involved I almost can't put it into words," she added wearily.
Kate expressed her own share of anger.
"I think the thing that makes me the maddest is: Jon made some mistakes and he was out and whatever, and that made people question him," she said. "I'm doing what I'm SUPPOSED to be doing. I'm working and traveling" — which led to reports that she was having an affair with her bodyguard.
Declaring that she was only doing her job by traveling, she said, "I'll be darned if they're going to take me down with that."
"I have a lot of anger," she summed up, "because this is not where we were supposed to be, this is not what I envisioned for us."
Premiering two years ago, "Jon & Kate" is TLC's most-watched show, and has made the Gosselins famous. The arrival of its new season was highly anticipated and highly promoted.
"Jon and Kate face each other for the first time," an announcer teased on an ad that aired repeatedly beforehand.
And so they did, sort of, as they sat side-by-side on the sofa in the episode's final seconds.
An off-camera voice asked, "Do you guys know what the future holds?"
Both of them looked puzzled. Neither replied. Then the episode was over. The season had started with lots of suspense.

Today in History - May 26

Today is Tuesday, May 26, the 146th day of 2009. There are 219 days left in the year.
Today's Highlight in History:
On May 26, 1940, the evacuation of Allied troops from Dunkirk, France, began during World War II.
On this date:
In 1521, Martin Luther was banned by the Edict of Worms because of his religious beliefs and writings.
In 1868, the impeachment trial of President Andrew Johnson ended with his acquittal on the remaining charges.
In 1908, the first major oil strike in the Middle East occurred in Masjid-i-Suleiman, Persia (present-day Iran).
In 1913, Actors' Equity Association was organized in New York.
In 1938, the House Un-American Activities Committee was established by Congress.
In 1960, U.N. Ambassador Henry Cabot Lodge accused the Soviets of hiding a microphone inside a wood carving of the Great Seal of the United States that had been presented to the U.S. Embassy in Moscow.
In 1969, the Apollo 10 astronauts returned to Earth after a successful eight-day dress rehearsal for the first manned moon landing.
In 1972, President Richard M. Nixon and Soviet leader Leonid Brezhnev signed the Anti-Ballistic Missile Treaty in Moscow. (The U.S. withdrew from the treaty in 2002.)
In 1981, 14 people were killed when a Marine jet crashed onto the flight deck of the aircraft carrier USS Nimitz off Florida.
In 1994, Michael Jackson and Lisa Marie Presley were married in the Dominican Republic. (They divorced in 1996.)
Ten years ago: House Republicans pushed through legislation that would put new obstacles in the way of spending government surpluses that came from Social Security taxes. Indian aircraft fired on separatist guerrillas in Kashmir province and Pakistan threatened retaliation; it was the first use of air power in years in the long-running conflict over the Himalayan border region.
Five years ago: Nearly a decade after the Oklahoma City bombing, Terry Nichols was found guilty of 161 state murder charges for helping carry out the attack. (Nichols later received 161 consecutive life sentences.) Fantasia Barrino was crowned the "American Idol" in the Fox TV talent contest.
One year ago: President George W. Bush paid a Memorial Day tribute to America's fighting men and women who died in battle, saying national leaders must have "the courage and character to follow their lead" in preserving peace and freedom. Chinese officials said they would waive their one-child policy for families with a child who was killed, severely injured or disabled in the country's devastating earthquake. Oscar-winning movie director Sydney Pollack died in Los Angeles at age 73. Composer Earle H. Hagen, who wrote the themes for "The Andy Griffith Show," "I Spy," "The Mod Squad" and other TV shows, died in Rancho Mirage, Calif., at age 88.
Today's Birthdays: Actor James Arness is 86. Actor Alec McCowen is 84. Sportscaster Brent Musberger is 70. Rock singer-musician Levon Helm (The Band) is 69. Country musician Gates Nichols (Confederate Railroad) is 65. Rock musician Garry Peterson (Guess Who) is 64. Singer Stevie Nicks (Fleetwood Mac) is 61. Actress Pam Grier is 60. Actor Philip Michael Thomas is 60. Country singer Hank Williams Jr. is 60. Former astronaut Sally K. Ride is 58. Actress Margaret Colin is 52. Country singer-songwriter Dave Robbins is 50. Actor Doug Hutchison is 49. Actress Genie Francis is 47. Comedian Bobcat Goldthwait is 47. Singer Lenny Kravitz is 45. Actress Helena Bonham Carter is 43. Rock musician Phillip Rhodes is 41. Actor Joseph Fiennes is 39. Singer Joey Kibble (Take 6) is 38. Actor-producer-writer Matt Stone is 38. Contemporary Christian musician Nathan Cochran is 31.
Thought for Today: "Life is a tragedy full of joy." — Bernard Malamud, American author (1914-1986

NKorea test Nucler again

South Korean spy chief Won Sei-hoon had informed lawmakers earlier Tuesday that a missile test was likely, according to the office of Park Young-sun, a legislator who attended the closed-door briefing.
Yonhap reported that North Korea was preparing to launch a third missile from a west coast site, again citing an unnamed official.
North Korea appeared to be displaying its might a day after conducting an underground atomic test in the northeast that the U.N. Security Council condemned as a "clear violation" of a 2006 resolution banning the regime from developing its nuclear program.
France called for new sanctions, while the U.S. and Japan pushed for strong action against North Korea for testing a bomb that Russian officials said was comparable in power to those that obliterated Hiroshima and Nagasaki during World War II.
South Korea, meanwhile, announced it would join a maritime web of more than 90 nations that intercept ships suspected of spreading weapons of mass destruction — a move North Korea warned would constitute an act of war.
North Korea had threatened in recent weeks to carry out a nuclear test and fire long-range missiles unless the Security Council apologized for condemning Pyongyang's April 5 launch of a rocket the U.S., Japan and other nations called a test of its long-range missile technology. The North has said it put a satellite into orbit as part of its peaceful space development program.
Monday morning's nuclear test appeared to catch the world by surprise, but Won told lawmakers that Beijing and Washington knew Pyongyang was planning a test some 20-25 minutes before it was carried out, said Choi Kyu-ha, an aide to lawmaker Park.
Won said Pyongyang warned it would test the bomb unless the head of the Security Council offered an immediate apology. Russia said the test went off at 9:54 a.m. local time (0054 GMT) Monday. Won confirmed that two short-range missile tests from an east coast launch pad followed.
Yonhap reported that three missile tests were carried out Monday, and two more Tuesday.
North Korea's neighbors and their allies scrambled to galvanize support for strong, united response to Pyongyang's nuclear belligerence.
President Barack Obama and South Korea's Lee Myung-bak "agreed that the test was a reckless violation of international law that compels action in response," the White House said in a statement after the leaders spoke by telephone. They also vowed to "seek and support a strong United Nations Security Council resolution with concrete measures to curtail North Korea's nuclear and missile activities."
Obama also spoke with Japanese Prime Minister Taro Aso, the White House said, with the leaders agreeing to step up coordination with South Korea, China and Russia.
Obama reiterated the U.S. commitment to defend both South Korean and Japan, U.S. and South Korean officials said.
North Korea responded by accusing the U.S. of hostility, and said Tuesday that its army and people were ready to defeat any American invasion.
"The current U.S. administration is following in the footsteps of the previous Bush administration's reckless policy of militarily stifling North Korea," the North's main Rodong Sinmun newspaper said in commentary carried by the country's official Korean Central News Agency.
In Japan, which suffered the devastation of two atomic bombs in 1945, the lower house of parliament quickly passed an unanimous resolution condemning the test and demanding that North Korea give up its nuclear program, a house spokeswoman said.
"This reckless act, along with the previous missile launch, threatened peace and stability in the region, including Japan," the resolution said.
"North Korea's repeated nuclear tests posed a grave challenge to international nuclear nonproliferation," it said. "Japan, the only nation to suffer atomic attacks, cannot tolerate this." Japan is considering tightening sanctions against North Korea, the statement said.
Russia, which called the test a "serious blow" to the effort to stop the spread of nuclear weapons, suspended a Russia-North Korean intergovernmental trade and economic commission, apparently in response to the nuclear test. The slap on the wrist was a telling indication that Moscow, once a key backer of North Korea, was unhappy with Pyongyang.
Seoul reacted to the nuclear test by joining the U.S.-led Proliferation Security Initiative, joining 94 nations seeking to intercept ships suspected of carrying nuclear, chemical and biological weapons, materials to make them, or missiles to deliver them.
North Korea for years has warned the South against joining the U.S.-led blockade. The Rodong Sinmun last week said South Korea's participation would be "nothing but a gambit to conceal their belligerence and justify a new northward invasion scheme."
Joining the PSI would end in Seoul's "self-destruction" it said.
In Beijing, the defense chiefs of South Korea and China were holding a security meeting Tuesday, South Korean officials said.
South Korean Defense Minister Lee Sang-hee and China's Gen. Liang Guanglie were expected to discuss ways to respond to the nuclear test, Cho Baek-sang, international policy director at the Ministry of National Defense in Seoul, was quoted as saying by Yonhap news agency.
China said Monday it "resolutely opposed" North Korea's test and called on Pyongyang to return to talks on ending its atomic programs.

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