AUTHOR:
TerrorismCentral Editorial Staff
TITLE:
TerrorismCentral Newsletter - May 28, 2006
SOURCE:
TerrorismCentral, May 28, 2006
TEXT:
The tragic earthquake in Java, Liberia's illegal rubber tappers, a life sentence for the surviving Beslan school siege attacker, the Philippines' first successful money laundering case, the Enron convictions, and the books and movie associated with it, are just a few of the topics covered in this week's news summaries. For in-depth analysis and access to supporting materials, consider purchasing a Monitor subscription from out online store.
1. Global Terrorism Monitor
2. Political Risk Monitor
3. AML/CFT Monitor
4. Emerging Threat Monitor
5. Critical Infrastructure Monitor
6. Disaster Reduction Monitor
7. Recommended Reading
8. Asset Management Network News
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TAMNI Publications
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GTM Africa
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Foreign Ministers from 27 Central and West African countries met 25-6 May, and have agreed on counterterrorism measures including ratification and implementation of all universal instruments, and enhancing cooperation.
http://www.unodc.org/unodc/press_release_2006_05_25.html
Chadian civilian massacres are the topic of a new report from Human Rights Watch (HRW). Researchers found that 118 people were killed on 12 and 13 April:
"Survivors described unarmed villagers being surrounded and then gunned down or hacked to death with machetes by militiamen wearing blue Sudanese military fatigues and turbans. Witnesses described their attackers as Janjaweed and noted that Chadians who had recently migrated to Sudan were among them." The report, and links to video and photos can be found here:
http://www.hrw.org/english/docs/2006/05/24/chad13444.htm
Democratic Republic of Congo troops, supported by UN peacekeepers, killed 32 rebels in the ongoing "Operation Ituri Explorer" mission ahead of elections scheduled for 30 July. The continued fighting has displaced at least 10,000 people.
http://www.un.org/apps/news/story.asp?NewsID=18637
Ethiopian militiamen raided Kenyan border villages and stole some 1,200 heads of cattle. Four civilians were killed and five abducted.
Ivory Coast rebel factions, the Defense and Security Forces (FDS) and Armed Forces of the New Forces, have begun to assemble fighters in preparation for disarmament.
Liberian President Johnson-Sirleaf has asked for UN assistance to take control of two rubber plantations occupied by former Liberians United for Reconciliation and Democracy (LURD) rebels who have been illegally tapping rubber trees. Her request follows the final report of the Joint Government of Liberia - United Nations Rubber Plantations Task Force.
http://www.un.org/Depts/dpko/missions/unmil/index.html
http://www.frontpageafrica.com/RunScript.asp?page=&Article_ID=2823&NWS=NWS&ap=NewsDetail.asp&p=ASP\~Pg0.asp
http://allafrica.com/stories/200605251025.html
Mali has sent army reinforcements to the northeast, where a group of suspected Tuareg rebels attacked and seized two military bases, and taken control of the town of Kidal. Two soldiers were killed and four injured, and the bases plundered. The attackers are thought to be army deserters. President Amadou Toumani Toure, attempting to prevent a recurrence of race riots during the Tuareg rebellion of the 1990s, has called for calm, and emphasized that ordinary Tuaregs were not involved. By Wednesday the town was back in government hands and those displaced have begun to return home. Casualties are unknown.
http://www.globalterrorismmonitor.com/2006/05/GTM2801.shtml
http://www.alertnet.org/thenews/newsdesk/L25769739.htm
Rwandan prosecutors requested that the International Criminal Tribunal for Rwanda transfer the case of Michael Bogaragaza to Norway to gain wider understanding of how genocide occurs. Bogaragaza is suspected of funding, arming and training an anti-Tutsi militia in 1994, and the tribunal ruled that his extensive statement on the genocide supported their decision to try him in national court.
http://69.94.11.53/default.htm
In Somalia, fighting between the Sharia courts and the Alliance for Peace and the US-backed Fight against International Terrorism (ARPCT) resumed on Thursday. Raging gun battles left some 60 people dead, more than 100 injured, and thousands displaced.
The UN warns that continued Sudanese rebel infiltration of refugee camps in eastern Chad could result in suspension of humanitarian aid to the displaced persons from Darfur. Militia attacks in the Upper Nile and Jonglei provinces have forced Medecins Sans Frontiers to withdraw staff from several medical clinics.
The Ugandan leader of the rebel Lord's Resistance Army (LRA), Joseph Kony, appeared with southern Sudan's vice president, Riek Machar, in a video in which Kony said the LRA was will ready for peace.
http://www.newvision.co.ug/D/8/12/500298
https://terrorismcentral.com/Newsletters/2004/022904.html#FeatureArticle
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GTM Americas
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Brazilian police have lowered from 109 to 79 the number of people killed by police in their response to prison rioting and attacks by the organized criminal network, the First Capital Command (PCC). At least two dozen victims have not been identified. The reduction in numbers has revived public criticism, including allegations of police brutality, excessive force, and covering up the number of civilian deaths.
A Canadian Federal Court ruled that suspected al Qaeda operative Mohamed Harkat of Ottawa, can be released under stringent supervision and other conditions, because of unexplained delays in pursuing his case, which has been open since December 2002. Three other suspects have gone on hunger strike to protest their continued detention.
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1148593811944
http://www.theglobeandmail.com/servlet/story/LAC.20060527.EHARKAT27/TPStory/Comment
A court in Chile has sentenced Paul Schaefer to 20 years in prison for child abuse at a German colony established by the former Nazi in 1961. He was also ordered to pay $1.5 million compensation. Colonia Dignidad was taken over by the state last year, but in the 1970s and 1980s, it had supported the secret police in their torture of left-wing dissidents.
http://www.timesonline.co.uk/article/0,,3-2197475,00.html
http://today.reuters.co.uk/news/newsArticle.aspx?type=worldNews&storyID=2006-05-24T203108Z_01_N24325629_RTRUKOC_0_UK-CRIME-CHILE-SCHAEFER.xml
Colombia's Defense Minister Camilo Ospina has opened an inquiry into an incident in which government troops mistook ten undercover anti-narcotics police officers for drug traffickers, and shot them dead. Among the issues being considered is the lack of consultation and information sharing among the various security operations.
The Los Angeles Times has prepared a 3-part series following the lives of soldiers wounded in Iraq.
http://www.latimes.com/news/nationworld/wounded/la-na-wounded-series,0,936394.special
The US Government Accountability Office (GAO) reviewed "Homeland Security Assistance for Nonprofits: Department of Homeland Security Delegated Selection of Nonprofits to Selected States and States Used a Variety of Approaches to Determine Awards".
http://www.gao.gov/cgi-bin/getrpt?GAO-06-663R
Sameeh Hammoudeh, a co-defendant in former university professor Sami Al-Arian's trial, has been deported. Five months after the trial, he has rejoined his family in the West Bank. He was acquitted of all charges in a case alleging the men had provided support for Islamic Jihad.
An American Red Cross survey shows persistent grief among the responders, survivors and relatives who sought help from the Red Cross after 9/11. Although most respondents found the assistance adequate, two-thirds of individuals indicated that grief continues to significantly interfere with their lives.
http://www.urban.org/url.cfm?id=411335
http://www.redcross.org/
Shahawar Marin Siraj has been found guilty in New York court for plotting to blow up a Manhattan subway.
http://www.suntimes.com/output/terror/24plot.html
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GTM Asia Pacific
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Singapore's Institute of Defense and Strategic Studies (IDSS) released "Safety and Security in Malacca and Singapore Straits: An Agenda for Action". The report calls for littoral states and other Southeast Asian countries to ratify the Convention for the Suppression of Unlawful Acts Against the Safety of Maritime Navigation and the Convention on Maritime Search and Rescue.
http://idsswk06/publications/conference_reports/IDSS%20S&S%20book.pdf
From IDSS's International Center for Terrorism and Political Violence Research, Dr Rohan Gunaratna reports that a Jemaah Islamiah training manual revealed plans to spread hydrogen cyanide through HVAC systems of large buildings.
http://www.news.com.au/story/0,10117,19250331-2,00.html
In Indonesia, the Free Aceh Movement (GAM) announced they have established a new political party. The former separatist movement plans to run two independent candidates in the next gubernatorial elections.
http://www.thejakartapost.com/yesterdaydetail.asp?fileid=20060524.A05
The Communist Party of the Philippines (CPP) has condemned a new agreement that expands US security operations to include terrorism, crime, maritime, safety and security, natural and manmade disasters. US humanitarian assistance has been used previously while conducting operations against the CPP's armed wing, the New People's Army (NPA)
http://www.philstar.com/philstar/NEWS_FLASH052720067926_5.htm
NPA rebels in Mindanao attempted to attack anti-Communist advocate Mely Ahan, but she escaped and called for support. Government militiamen responded. The clash killed two rebels and injured six. Four militiamen were also injured.
Prominent Philippine journalist Fernando Batul was killed in a drive-by motorbike shooting. He had been subject to repeated threats, and now House Deputy Minority Leader Satur Ocampo has called for an end to extrajudicial killing of activists, whether militants or journalists, and to hold the government accountable.
http://www.sunstar.com.ph/static/man/2006/05/28/news/congress.asked.to.probe.militant.media.killings.html
In Thailand, many schools in the south have closed again following the attack and beating of two schoolteachers that has left one comatose and unlikely to survive. Education officials have asked for teachers and students to be moved to safer locations. This Monday, a state telephone worker who was killed in a drive-by shooting, then set fire. On 23 May, an attack in a market killed two border police and injured five bystanders. Another drive-by shooting killed a Muslim villager and injured a second. On 24 May, a village chief was shot dead.
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GTM Europe
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Germany's Federal Constitutional Court has restricted police and intelligence agency profiling when there is no suspicion of terrorism. After 9/11 police had been given broad powers, using computerized profiling first developed to defeat the Red Army Faction in the 1970s. Using data from public sources as well as health insurance, real estate agents, and utilities, Arab students became the primary targets. This trawling has now ended.
http://www.dw-world.de/dw/article/0,2144,2029600,00.html
http://www.iht.com/articles/2006/05/23/news/berlin.php
The Netherlands' parliament has approved new anti-terrorism measures to permit surveillance, infiltration or wiretapping, even without reasonable suspicion of a criminal act. The act also expands detention without charge from three to 14 days, and expands the range of permissible spot searches.
http://www.usatoday.com/news/world/2006-05-23-dutch-terror_x.htm
http://www.radionetherlands.nl/currentaffairs/amn060523mc
Russian Judge Tamerlan Aquazarov completed his lengthy summation of the case of Nur-Pashi Kulayev, which included the forensic records of the victims of the Beslan school siege, in which Kulayev participated. The only known survivor among the attackers, Kulayev has been sentenced to life in prison. He will appeal his sentence, and the Beslan families plan to continue their own fight to find out what really happened, and the role of the security services in the tragedy.
http://english.pravda.ru/news/russia/26-05-2006/81127-Beslan-0
http://news.bbc.co.uk/2/hi/in_pictures/5019934.stm
http://news.bbc.co.uk/2/hi/europe/5023240.stm
http://www.timesonline.co.uk/article/0,,0,00.html
https://terrorismcentral.com/Newsletters/2005/090405.html#FeatureArticle
The Beslan school siege, which left 331 dead - most children - revealed the corruption and insecurity endemic in the North Caucasus, and for the first time challenged Russian authorities' assertions that they had brought peace and stability. Today, Russia continues its policy of using force and restricting media coverage to maintain its control over the only region whose independence effort after the fall of the USSR was forcibly denies. Meanwhile, the violence continues. Last week suspected Chechen rebels attacked a Russian base near Vedeno. Four soldiers were killed and three injured. There were several other ambushes, and a roadside bombing injured one policeman, then another was shot dead during the investigation, and a second injured.
In Siberia, federal security agents arrested five men suspected of membership in Hizb ut-Tahrir.
Spain's Prime Minister Zapatero plans to launch direct talks with Basque separatist group ETA next month.
A Turkish court is trying 73 suspects in connection with the 2003 suicide attacks in Istanbul. On Monday, Louai Sakka tore off his clothes, revealing a Guantanamo-style orange jumpsuit. He was not allowed to bring his protest into the court hearing.
http://www.zaman.com/?bl=hotnews&alt=&trh=20060523&hn=33333
http://www.adnki.com/index_2Level_English.php?cat=Terrorism&loid=8.0.301285830&par=
UK police conducted raids across England, targeting suspects thought to be planning suicide attacks in Iraq. Eight men were arrested, and three of these held under the Terrorism Act for additional questioning.
Parliament's Joint Committee on Human Rights' published its latest report regarding its inquiry into compliance with the UN Convention Against Torture (UNCAT). Among the findings, it found failure to meet legal obligations to investigate claims that the US CIA is conducting extraordinary renditions through the UK.
http://www.publications.parliament.uk/pa/jt200506/jtselect/jtrights/185/18502.htm
The Quadripartite Committee is investigating arms exports. Testimony from HM Revenue and Customs said it is investigating a possible offense involving weapons of mass destruction.
http://www.parliament.uk/parliamentary_committees/quad.cfm
Farid Hilali has lost an appeal against extradition to Spain. He had been arrested in the UK in September 2003 under the Terrorism Act 2000 for suspected links to al Qaeda but was not charged. His attorneys argued that extradition to Spain was merely a ruse to force his return to Morocco, where he could be arrested and tortured. He may appeal this ruling.
Last week's Sunday Times reports that more than 230 foreign terrorist suspects (of a total of 963 arrested) have been allowed to stay in the UK as asylum seekers.
http://www.timesonline.co.uk/article/0,,200-2190421,00.html
Oxford University has been granted an extension to its existing injunction against animal rights protestors.
http://www.guardian.co.uk/animalrights/story/0,,1784017,00.html?gusrc=rss
Richard McIlkenny has died in Dublin, aged 73. He was one of the Birmingham Six, the group wrongly imprisoned in England for Irish Republican Army (IRA) pub bombings in the 1970s. The group of six Irishmen living in Birmingham had been sentenced in 1975 to life in prison based on false confessions obtained through beatings. They served 16 years before being released in March 1991.
http://news.bbc.co.uk/onthisday/hi/dates/stories/march/14/newsid_2543000/2543613.stm
http://cain.ulst.ac.uk/events/other/1974/faul76.htm
In Northern Ireland, Ken Barrett has been released from Maghaberry prison after serving nearly three years. He had been sentenced to life in prison for the 1989 murder of Belfast solicitor Pat Finucane, and was told he would serve at least 22 years. The Sentence Review Commission has ruled differently, under the Good Friday Agreement, in a case that will be appealed by Northern Ireland Secretary Peter Hain.
http://www.belfasttelegraph.co.uk/news/story.jsp?story=692316
http://www.belfasttelegraph.co.uk/news/opinion/story.jsp?story=692476
http://www.timesonline.co.uk/article/0,,2091-2200432,00.html
http://www.guardian.co.uk/Northern_Ireland/Story/0,,1781605,00.html
http://news.bbc.co.uk/2/hi/uk_news/northern_ireland/5011240.stm
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GTM Middle East
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Egypt's interior ministry reports that al-Tawhid wa al-Jihad, the group believed responsible for the triple bombings in Dahab on 24 April and other attacks, has been in contact with Palestinian militants, who may have shared explosives training.
In Gaza, clashes between rival Fatah and Hamas security forces continued throughout the week. During these attacks, a Jordanian passer-by was killed in crossfire, and six people were injured. On Wednesday, Salem Kadih, a governing member of Hamas, was killed. Two others were injured, abducted, and left at a gas station. On Friday, Hamas withdrew its security militia in an effort to reduce violence, but they made a limited appearance today.
Also in Gaza, three teenage Palestinian boys were killed while trying to dismantle unexploded Israeli shells outside their home. Five other people were injured. Israeli shells killed a farmer as he worked in his fields near Jalabiya refugee camp.
Sectarian violence in Iraq increased immediately after the new government was formed a week ago. General Abdul Aziz Muhammad reported that in the seven days to Monday 98 civilians were killed and 208 injured, and about 85 suspected insurgents were also killed. In Baghdad, three separate car bombs on Tuesday killed more than 20 people, including one outside a Shia mosque and one in a large market, while in Baquba gunmen killed three men. At the end of the week, two bombings in Baghdad killed nine people and injured 50, and Iraq's tennis team coach and two players were shot dead, apparently for wearing shorts.
Israel's defense minister has called for an inquiry into the death of a Palestinian family when it was caught in the missile blast directed against an Islamic Jihad militant traveling n a separate vehicle. One man survived the attack but his wife, son, and mother-in-law were all killed, and his 3-year old daughter was severely injured. Her spine was severed and she will require life support as long as she lives. Britain's Attorney General Lord Goldsmith is visiting Israel in connection with another investigation: the deaths of James Miller and Tom Hurndall. The two Britons had been shot and killed by Israeli soldiers in separate incidents, and their relatives have asked for a possible prosecution for war crimes. Mr. Miller's shooting was declared unlawful, but no one has been sentenced for it. A soldier is serving an 8-year sentence for manslaughter in the Hurndall case.
Jordan captured al Qaeda member Ziyad Khalaf Karbouli, an Iraqi, who subsequently confessed to killing a Jordanian driver and kidnapping two Moroccans from Jordan's Baghdad embassy.
http://today.reuters.co.uk/news/newsArticle.aspx?type=worldNews&storyID=2006-05-23T162712Z_01_L2350790_RTRUKOC_0_UK-SECURITY-QAEDA-JORDAN.xml
In Lebanon, the Popular Front for the Liberation of Palestine (PFLP) was blamed for missile attacks into Israel that injured one soldier, but those responsible have not been identified or taken credit for the attack. The Israeli air force retaliated by firing inside east Lebanon and near Beirut.
In southern Lebanon a car bomb killed Islamic Jihad local leader Mahmoud Majdoub and his brother Nidal Majdoub. Those responsible have not been identified.
Israeli forces have captured Ibrahim Hamad, leader of Hamas' military wing in the West Bank. In a raid in Ramallah, four Palestinians were shot dead.
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GTM South Asia
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In Afghanistan, a dramatic surge in Taleban violence has led to a massive response and increased numbers of civilian deaths, which have led the government to consider whether these are the correct tactics. Taleban fighters have adopted a strategy of hiding in civilian homes. Instead of shielding the militants this is increasing the civilian death toll. On Monday, a US-led air strike killed between 20 and 80 Taleban and between 16 and 30 civilians, including children. On Tuesday, a convoy in Helmand was ambushed. In the subsequent fighting, three Afghan policemen and 12 Taleban were killed. On Wednesday, another major battle killed between 24 and 60 suspected Taleban and five Afghan soldiers.
http://www.guardian.co.uk/afghanistan/story/0,,1784304,00.html
http://www.opendemocracy.net/conflict/afghanistan_war_3586.jsp
http://www.ipcs.org/whatsNewArticle1.jsp?action=showView&kValue=2034&status=article&mod=b
In Bangladesh, members of the outlawed Purba Banglar Communist Party - Red faction killed Arif, an assistant camp commander of Jama'atul Mujahideen Bangladesh (JMB). JMB member Hafez Ahmed Kader Mainuddin ("Uday") was sentenced to 20 years in prison for possessing a powerful explosive device.
In Indian-administered Kashmir on 21 May, a militant attack in Srinigar killed at least seven people attending a political rally. On Monday there were four attacks in Srinigar. A grenade killed a minibus driver, and four of the tourists he transported were injured. The three other attacks injured at least seven police and 11 civilians. Jaish-e-Mohammad has claimed responsibility for three of the four attacks. On Friday, security forces killed three Harkat-ul-Jehad-e-Islami (HUJI) militants. Hizbul Mujahideen militants killed three HUJI in a gunfight, as the HUJI were about to surrender to security forces.
A Pakistan anti-terrorism court has sentenced four people to death, three to life in prison, and acquitted one in the 2004 attempted assassination of Prime Minister Shaukat Aziz. Although he survived, his driver and bystanders were killed.
In Quetta, Balochistan, a rocket attack directed at army housing killed one woman and injured three people. A man claimed that the Baloch Liberation Army was responsible. A separate attack in the same province injured two soldiers at a military base.
In North Waziristan a car exploded at a checkpoint, killing the driver and two security personnel. In another attack, masked gunmen killed Malik Takhti Khan, a tribal leader suspected of sharing information with the government.
In Sri Lanka, Ramanan, a Tamil Tiger district commander, was killed by unidentified gunmen in the eastern city of Batticaloa. The Tigers called the murder on Monday an effort to end any moves towards peace. Grenade attacks against humanitarian workers seriously injured one staff member and two civilians. This follows the shooting death of a Norwegian aid worker last week. On Thursday, four police were killed in a mine attack in Batticaloa, and another mine attack in the north injured three soldiers. In Wilpattu National Park a jeep carrying tourists hit a landmine, which killed seven people.
For detailed analysis, background information and source documents available only to subscribers of the Political Risk Monitor, visit our online store:
TAMNI Publications
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PRM Africa
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Algerian President Abdelaziz Bouteflika has replaced Prime Minister Ahmed Oyyahya with his close ally Abdelaziz Belkhadem. Although the reasons were not given, it is likely that the new appointment is designed to support constitutional changes to permit a third presidential term and expand presidential powers.
http://www.gulfnews.com/region/Algeria/10042966.html
In Democratic Republic of Congo (DRC) 32 foreigners with Nigerian, South African, and US passports, and described as mercenaries, were arrested on suspicion of planning a coup. No charges have as yet been laid, and DRC has indicated that some of the men would be freed or face immigration charges.
http://www.dispatch.co.za/2006/05/26/Foreign/coup.html
http://www.alertnet.org/thenews/newsdesk/IRIN/958356753277167b75b6e4e0eaf57723.htm
Ahead of July elections, politicians have been warned against contingents of bodyguards in excess of 25 people. For a summary of the challenges in the Democratic Republic of Congo, read this interview with the UN deputy special representative:
http://www.politicalriskmonitor.com/2006/05/PRM2803.shtml
Eritrea has detained another UN staff member.
Ethiopian opposition party, Coalition for Unity and Democracy (CUD), has allied with the Oromo Liberation Front (OLF) and the Ogaden National Liberation Front (ONLF) in the new Alliance Freedom and Democracy (AFD) party, which will pursue a united, peaceful political opposition agenda. The OLF and ONLF do not intend to end their attacks.
A second opposition group, the United Ethiopian Democratic Forces, said it supported the Alliance but would not join in until member groups had been consulted.
The verdict in the 12-year genocide trial of former Ethiopian ruler Mengistu Haile Mariam, a Communist leader known for the Red Terror, has been postponed until 23 January to give the Supreme Court time to assess the evidence. Mengistu currently resides in Zimbabwe.
http://allafrica.com/stories/200605250656.html
http://allafrica.com/stories/200605250224.html
"Because They Have the Guns...I'm Left With Nothing" is a new report from Human Rights Watch that documents serious human rights abuses in Ivory Coast. It finds that civilians are preyed upon by state security forces, their allied militias, and the rebel New Forces. Abuses including extortion, bribery, beatings, and extrajudicial killings could threaten the October elections.
http://www.hrw.org/english/docs/2006/05/24/cotedi13443.htm
Senegal's navy reports stopping more than 1,500 people trying to sail in wooden boats to Spain's Canary Islands last weekend. Another 1,500 people have landed within a week, joining some 7,400 already this year. Senegal has become a major departure point for African emigrants, and to help stem the hazardous journeys the EU plans to deploy patrols as far as Gambia and Senegal.
"Somaliland: Time for African Union Leadership", from the International Crisis Group, addresses:
"The dispute between Somaliland and Somalia will become an ever-increasing source of friction, and possibly violence, unless the African Union (AU) engages in preventive diplomacy. The self-declared Republic of Somaliland is marking fifteen years since it proclaimed independence from Somalia, and if Somalia's Transitional Federal Government (TFG) expands its authority across the shattered country, the dispute over Somaliland's status is likely to become an ever-increasing source of friction. The AU should appoint a Special Envoy to consult with all relevant parties and report on the legal, security and political dimensions of the dispute and offer options for solutions within six months. Its Peace and Security Council should organise an informal consultation round with eminent scholars, political analysts and legal experts. Pending final resolution of the dispute, Somaliland should be granted interim observer status at the AU."
http://www.crisisgroup.org/home/index.cfm?l=1&id=4131
The Sudan Liberation Movement, the largest rebel group and a party to the peace accord, says that a village raided in North Darfur had been attacked by government-backed militias and the army. The government denies that it has breached the peace agreement. The UN has found it is falling short on many of the human rights commitments it made last year. Sudan has agreed to allow a UN assessment team into the country.
Note this economic analysis from the International Monetary Fund:
http://www.imf.org/external/np/sec/pn/2006/pn0657.htm
In Uganda, a refugee camp set up for those displaced by the Lord's Resistance Army came under attack by a guard supposed to defend them. The local militiaman started shooting during a domestic dispute, and left dead at least ten, with 13 others seriously injured.
http://www.politicalriskmonitor.com/2006/05/PRM2801.shtml
Zambia's dominant opposition leader, Anderson Mazoka, has died. He had lost the last general elections by only two percent less than President Mwanawasa. His death has been a huge blow to the opposition alliance he led. During his funeral, his supporters attacked the information minister for being part of the government they believe poisoned Mazoka. General elections in Zambia are due at the end of this year.
http://www.politicalriskmonitor.com/2006/05/PRM2802.shtml
Zimbabwe's government has gazetted the Interception of Communications Bill 2006. When passed by Parliament, it would establish a communication center to allow state agents to intercept and monitor conversations, faxes and emails during transmission.
http://www.herald.co.zw/inside.aspx?sectid=3713&cat=1
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PRM Americas
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Bolivia's President Morales hosted a visit from Venezuelan President Chavez. The two leaders signed a number of agreements including cooperation in energy, mining, and agriculture.
Brazilian prosecutors have launched a formal inquiry into the sudden increase in Sao Paulo police killings as the prison riots and attacks from the PCC fell.
http://www.mercurynews.com/mld/mercurynews/news/world/14642402.htm
http://news.bbc.co.uk/2/hi/americas/5007108.stm
In Canada's Ontario province, aboriginal protestors in Caledonia removed a blockade that has been in place for more than a month. The goodwill gesture during peace talks collapsed, and tensions have escalated including a fracas when Caledonian residents provided Victorian-era gifts of bread and cheese in thanks for loyalty, and they were turned into missiles. The situation has stabilized, and negotiations resumed.
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20060524/blockade_dispute_060524/20060524?hub=TopStories
Toronto Star reporter Adam Mayers draws parallels between the current US border debates and similar approaches during the US civil war.
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1148248211622
"The Mafia's Shadow Kingdom" describes the danger of rising organized crime not only in Brazil but also across Latin America, and the possibility that its spread could end the region's leftist shift.
http://service.spiegel.de/cache/international/spiegel/0,1518,417450,00.html
Colombians vote in presidential elections today.
Mexican President Vincente Fox visited the US, where he encountered demonstrators both positive and negative. He offered to collaborate with the US on immigration issues, and praised the Senate's version of an immigration bill.
Former President of Peru, Alan Garcia, came under attack by supporters of Ollanta Humala, his leftist opponent in next month's presidential elections. Garcia was uninjured, but the attack en route to the airport did injure five people.
The US Senate passed, by 62 to 36 votes, broad changes to immigration policy. The legislation includes stronger border security including a fence at the Mexican border, a guest worker program, English as the national language, and establishes a complex path to citizenship. The bill differs in major ways from the House, where any suggestion of legalization or amnesty is not open to discussion. The Senate and House versions now move on to committee to attempt to reach a common outcome, which seems unlikely in the foreseeable future.
http://www.washingtonpost.com/wp-dyn/content/article/2006/05/25/AR2006052501548.html
http://www.latimes.com/news/nationworld/nation/la-na-immig26may26,0,4263639.story
US President Bush hosted meetings last week with Israeli Prime Minister Olmert, where he supported Israel's unilateral border plans, as well as a visit from British Prime Minister Blair, where the two conceded mistakes in Iraq.
http://www.whitehouse.gov/infocus/globaldiplomacy/
http://www.pmo.gov.il/PMOEng/Communication/PMSpeaks/speechcong240506.htm
http://www.number10.gov.uk/output/Page9543.asp
The Pentagon released its Annual Report to Congress: Military Power of the People's Republic of China. It warned that although China remains focused on Taiwan, it is extending its military reach and could pose a threat across Asia. China has lashed out at the groundless accusations of the report.
http://www.dod.gov/pubs.china.html
General Michael Hayden has been confirmed as the new Director of the Central Intelligence Agency (CIA).
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PRM Asia Pacific
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Australia's state and federal government representatives are considering ways to address abuse and violence in Aboriginal communities, including measures to address economic and social disadvantages.
http://www.theaustralian.news.com.au/story/0,20867,19266178-28737,00.html
http://www.smh.com.au/news/national/not-the-third-world-just-australias-first-war-zone/2006/05/22/1148150189144.html
http://www.nit.com.au
http://www.nt.gov.au/
Burma has indicated that it may want to improve its international relations, but if that is their intent, their decision to extend the house arrest of opposition leader Aung San Suu Kyi will not help their cause. Suu Kyi has spent ten of the last 16 years in detention.
East Timor erupted in fresh violence last week. A dispute that began with dismissed soldiers has turned into widespread ethnic violence that has left at least 20 people dead in the past week, and tens of thousands displaced. East Timor requested international help, and it was quick in arriving. Australian forces took the lead, securing the airport, and have been joined by troops from Malaysia, New Zealand, and Portugal.
http://www.smh.com.au/news/world/six-die-in-torched-dili-home/2006/05/26/1148524849554.html
http://www.smh.com.au/news/world/ethnic-tensions-see-increasing-violence-between-east-and-west/2006/05/25/1148524818996.html
North Korea has cancelled a scheduled test of a rail link with the south pending a security agreement.
A South Korean court has issued an arrest warrant against Ji Choong-hu, who is accused of attempted murder against opposition leader Park Geun-hye, whom Ji Choong-hu, is believed to have attacked with a box cutter and slashing his face.
The Communist Party of the Philippines (CPP) and other opposition groups have condemned a new agreement that would increase US security operations in the Philippines. The US presence began with training but has increased greatly. Now, the operations have been extended to terrorism, crime, maritime, safety and security, natural and manmade disasters. Critics say this removes any limits on US activities anywhere in the country.
http://www.philstar.com/philstar/NEWS_FLASH052720067926_5.htm
Thailand's "caretaker" Prime Minister Thaksin Shinawatra has begun to chair cabinet meetings again, seven weeks after handing power to his deputy. A senator and political activists have asked that Shinawatra and the cabinet be suspended pending a review of their removal from office following loss of legitimacy during the recent failed elections.
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PRM Europe
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Cyprus held parliamentary elections on 21 May. The ruling coalition won the most votes, with President Tassos Papadopoulos' Diko party with 18 percent of the vote and its ally, the communist Akel party with 31 percent. Both party leaders oppose reunification. The opposition Disy party won 30 percent of the votes. Although both sides have expressed a desire to resume discussions, neither has changed their position.
Germany's interior ministry calls for the public to be extra vigilant in helping tackle surging right-wing extremism, particularly in advance of the World Cup. New statistics from the ministry indicate a 23 percent rise in racially-motivated acts of extremist right-wing violence. This week apparent racist attacks injured six people in three incidents, and 13 suspects have been arrested.
http://www.bmi.bund.de/cln_012/nn_122688/Internet/Content/Nachrichten/Pressemitteilungen/2006/05/Verfassungsschutzbericht__2005.html (in German)
http://www.verfassungsschutz.de
http://www.gdp.de/gdp/gdpcms.nsf/id/p60510?Open&ccm=500020000&L=DE&markedcolor=%23003399 (in German)
http://service.spiegel.de/cache/international/0,1518,417492,00.html
Italy's new immigration minister, Paolo Ferrero, is working on new policies to normalize the position of illegal workers already employed in Italy and relax the criteria for working legally. Current laws are so rigid that it is nearly impossible to work legally, although thousands of businesses do so and there is a huge black economy.
Montenegro's referendum was "conducted overall in line with OSCE and Council of Europe commitments and other international standards for democratic electoral processes. It provided the voters a genuine opportunity to decide the future status through a process of direct democracy". This is the conclusion of the International Referendum Observation Mission, which deployed 365 observers from 35 countries. Nonetheless, the vote in favor of independence was very narrow, at just over the required 55 percent, and the pro-Serbian unionists have asked for a recount. Serbian President Boris Tadic has recognized the results of the election.
http://www.osce.org/item/19143.html
http://news.bbc.co.uk/2/low/europe/5007654.stm
http://news.bbc.co.uk/2/low/europe/5007178.stm
Russia plant to establish anti-missile posts in neighboring countries including the Czech Republic, Hungary and Poland. Sweeping military forms to modernize the armed forces have also been announced.
Ukraine's new parliament met for the first time since the March general election, amid ongoing coalition negotiations to form a government.
UK Attorney General Lord Goldsmith has, following a request from the Information Commissioner, provided more details regarding his legal reasoning.
http://news.bbc.co.uk/2/hi/uk_news/politics/5015584.stm
http://www.number-10.gov.uk/files/pdf/Iraq%20Resolution%201441.pdf
http://www.ico.gov.uk/cms/DocumentUploads/Enforcment_Notice_22nd_May_2006.pdf
http://www.pm.gov.uk/output/Page3287.asp
Waqar Ahmed, Azhil Khan, and Afzal Khan were sentenced in British court to life in prison, for the murder of Isaiah Young-Sam. The three Asian men stabbed the black computer analyst to death during race riots in Birmingham in October 2005. They were also sentenced to a 10-year concurrent sentence for attacking and injuring Mr. Young-Sam's friend, Locksley Byfield.
http://news.bbc.co.uk/2/hi/uk_news/england/west_midlands/4985934.stm
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PRM Middle East
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At least 300 Egyptian judges stood in silence outside the High Court in protest over government interference in the judiciary.
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=88442&version=1&template_id=37&parent_id=17
Palestinian leader Mahmoud Abbas (Fatah) has called for an end to internal power struggles, while Prime Minister Ismail Haniya (Hamas) appealed for unity, following clashed that have escalated to a point that raises fear of civil war.
http://news.bbc.co.uk/2/hi/middle_east/5016012.stm
This is not helped by the economic crisis. The World Bank calculates that the economy will shrink by 27 percent this year, leaving three-quarters of the population below the poverty line. The International Labor Office issued its annual report on workers in the occupied territories, citing a sharp dip following a moderate upturn last year. They report that four out of every ten Palestinians are living under the official poverty line of less than US $2.10 a day, while the absolute number of the poor rose from 600,000 in 1999 to 1.6 million in 2005. The number of jobless is estimated at 40.7 per cent of the Palestinian labor force. In addition, the labor market has become characterized by these low rates, with only 50 percent of men and 11 percent of women of working age are employed. Every employed person supports an additional 5 persons. Public sector employment accounts for 23 per cent of the total, but the Palestinian Authority is not able currently to pay wages in full. Unemployment of those aged 15-24 years is 1.6 times the average.
http://www.ilo.org/public/english/bureau/inf/pr/2006/22.htm
Israel has taken $11 million from $220 million in Palestinian tax and customs revenues frozen by Israel, and will purchase medical supplies for local hospitals. The Palestinian Authority will receive no funds. Indonesia plans to provide medicine and food aid.
This article describes the impact of the blockade on Palestinian industries that rely on exports:
http://www.dailystar.com.lb/article.asp?edition_id=1&categ_id=3&article_id=24613
Iranian police responded to a student demonstration against Tehran University appointments and forced retirements. In the affray that followed up to 40 policemen were injured.
In northwestern Iran thousands of ethnic Azeris have protested against a newspaper cartoon comparing them to cockroaches. Security forces fired on demonstrators, killing at least five people, injuring dozens, and arresting hundreds.
Iraqi Prime Minister Nuri al-Maliki held a joint news conference with UK Prime Minister Blair, during which he announced a June troop withdrawal schedule, much earlier than the UK or US have ever publicly discussed.
http://www.alertnet.org/thenews/newsdesk/L22270402.htm
http://www.bloomberg.com/apps/news?pid=10000102&sid=ar_Xe5GthMBc
Standard government policy is not to pay ransom to hostage takers. The Times (London) reports on cases where France, Italy and Germany have paid to free nine hostages abducted in Iraq.
http://www.timesonline.co.uk/article/0,,3-2191229,00.html
In Kuwait, five women have become parliamentary candidates for the first time in the history of the Gulf state.
http://www.kuna.net.kw/home/Story.aspx?Language=en&DSNO=869658
Saudi Arabia's interior ministry released a decree under which public prosecutors will handle cases of moral offense rather than the religious police.
UN Security Council Resolution 1680 calls for Syria to establish diplomatic relations with Lebanon and complete border delineation.
http://www.un.org/News/Press/docs/2006/sc8723.doc.htm
http://www.dailystar.com.lb/article.asp?edition_id=1&categ_id=2&article_id=24655
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PRM South Asia
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Afghanistan and Pakistan have resumed a bus service that Pakistan had suspended following the 1989 Soviet invasion.
Bangladesh garment workers protested in favor of higher wages. Police arrived, and fighting broke out. During the clashes, one worker was killed and over 100 injured. More than 250 factories were vandalized, 200 vehicles ransacked, and 20 vehicles set on fire.
http://www.thedailystar.net/2006/05/24/d6052401011.htm
In an effort to end massive strikes and protests over a plan to increase college quotas for lower castes, the Indian government has developed written proposals that show students that general places will not be reduced and there will be a massive expansion in higher education.
In Hyderabad, a traffic constable hit two young men for not wearing a motorcycle helmet last weekend. One was killed instantly, triggering violent protests, and the other died on Wednesday. To help calm the situation the Andhra Pradesh state government will compensate the families of the victims and security has been increased. The human rights commissioner has issued a legal notice requiring police to explain this action, and other similar incidents.
Indian Prime Minister Manmohan Singh visited Indian-administered Kashmir amid high security, warranted by a number of recent incidents. His visit launched two days of talks in which Indian and Pakistani delegates are discussing the disputed Siachen glacier, human rights, and other matters/
Nepal's restored government and Maoist rebels have completed an initial round of peace talks, agreeing to continue the process and develop a code of conduct for moving forward.
In southern Nepal, thousands of mainly Hindu protestors have objected to a parliamentary declaration of Nepal as a secular, not a Hindu, kingdom.
Pakistani Christian Qamar David was arrested for sending blasphemous text messages to Muslims ion his mobile phone.
The Sri Lankan government and Tamil Tigers have agreed in principle to resume talks in June.
The AML/CFT Monitor is a monthly 16-page print publication. News highlights from the past week are provided in this free email update, but detailed analysis, background information and source documents are only available to subscribers. Purchase a subscription at our online store:
TAMNI Publications
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AML/CFT Incidents/Cases
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The US Securities and Exchange Commission (SEC) has taken its first enforcement action under the USA Patriot Act, involving failure to properly document customer identification. The action was taken against Los Angeles, California, brokerage firm Crowell, Weedon and Co. SEC imposed a cease and desist order but no financial or other penalties.
http://www.amlcftmonitor.com/2006/05/AML2801.shtml
Patricia Palacios, wife of Mexico's Arellano-Felix drug cartel member Gilberto Camacho, pleaded guilty in US court to laundering more than $800,000 in cash deposits, using the traditional structuring method to avoid currency reporting requirements.
http://www.mercurynews.com/mld/mercurynews/news/local/states/california/northern_california/14643027.htm
The Philippines achieved its first anti-money laundering legal victory with the conviction of former bank manager Eric Allagadan.
http://news.inq7.net/nation/index.php?index=1&story_id=77039
Nigeria has dismissed two senior aviation officials for assisting drug traffickers evade security at the international airport.
http://www.tribune.com.ng/26052006/news/news2.html
Brian Dougan, a solicitor from County Armagh in Northern Ireland, has pleaded guilty to using his firm's business account to launder money from a fuel laundering scam, which was used to buy eleven properties.
Mohammad al-Shoubaki, suspected of financing Islamic Jihad, was taken into custody by Israeli troops during a West Bank raid.
John Curran has been convicted in US court on 21 counts of wire fraud and money laundering connected with pretending to be a physician and prescribing fake remedies.
http://www.turnto10.com/news/9281898/detail.html
A grand jury in the US state of Ohio has indicted seven former executives of the defunct National Century Financial Enterprises (NCFE) on money laundering, conspiracy and securities fraud charges stemming from the company's 2002 collapse. The indictment alleges that instead of using the investors’ funds as promised, they diverted funds to, among other purposes, make unsecured advances and loans to healthcare companies owned by NCFE or its principal shareholders. It seeks approximately $2 billion in forfeiture of property involved in the money laundering conspiracy, The three major shareholders, Lance Poulsen (President, Chairman, and Director); Rebecca Parrett (Vice Chair, Secretary, Treasurer, Director and Owner); and Donald Ayers (Vice Chair and COO) were indicted, as well as four other officers. Three other employees already pleaded guilty and were previously sentenced.
http://www.usdoj.gov/usao/ohs/Press/05-22-06.htm
Britain's HM Revenue and Customs stopped Michael Wayne Absalom with GBP 45,000 in cash and travelers checks that he intended to use for a fraudulent investment scam in South Africa. The money and interest has been forfeited under the Proceeds of Crime Act.
Bosnian police detained three people, including one Mounir Sililini ("Omar Bedjaouvi") from Tunisia, who is suspected of financing terrorism and forging documents.
http://www.serbianna.com/news/2006/01775.shtml
A Swiss business arbitration tribunal has ruled that Russian Telecommunications Minister Leonid Reiman used money-laundering schemes in attempting to purchase a stake in mobile phone network.
http://www.mosnews.com/news/2006/05/24/reimanswiss.shtml
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AML/CFT Legislation and Regulation
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Russia's Central Bank reports that two-thirds of the country's banks are complicit in money laundering.
http://english.pravda.ru/russia/economics/23-05-2006/80808-money-0
Although many countries around the world continue to do business with Iran, increased enforcement and private pressure from the US is inhibiting trade:
http://www.usatoday.com/money/companies/2006-05-23-iran-usat_x.htm
Asia-Pacific Economic Cooperation (APEC) Counter-terrorism Task Force has adopted an Anti-terrorist Financing Project Proposal prepared by Australia, which will be submitted to the Senior Officials' Meeting (SOM II) later this month.
http://www.vnagency.com.vn/NewsA.asp?LANGUAGE_ID=2&CATEGORY_ID=30&NEWS_ID=200935
Indonesia and the Philippines have agreed to cooperate in anti-money laundering, and will explore developing the necessary mechanisms.
The US Financial Crimes Enforcement Network (FINCen) released its latest Suspicious Activity Reports: By the Numbers.
http://www.amlcftmonitor.com/2006/05/AML2802.shtml
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AML/CFT Modalities
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The UN Office on Drugs and Crime has released " Drug Use in the Northeastern States of India". The new report addresses traditional heroin trafficking as well as the emergence of trade in a wide range of pharmaceutical products.
http://www.unodc.org/india/drug_use_in_ne.html
Here is a discussion of money laundering in the US diamond jewelry industry:
http://www.diamondintelligence.com/magazine/magazine.asp?id=3807
The Commercial Bank of Qatar sponsored a seminar in AML/CFT focusing on new trends that leverage international financial systems, therefore requiring more transparent legislation and international collaboration.
http://www.cbq.com.qa/NewsDetails.aspx?id=232
http://www.thepeninsulaqatar.com/Display_news.asp?section=Business_News&subsection=Local+Business&month=May2006&file=Business_News2006052234126.xml
For detailed analysis, background information and source documents consider subscribing. Subscriptions to Emerging Threat Monitor can be purchased at our online store:
TAMNI Publications
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ETM Corruption and Transnational Crime
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15 weeks and 54 witnesses since the trials of former Enron chairman Ken Lay and CEO Jeffrey Skilling began, both have been found guilty on fraud, conspiracy, insider trading, and other charges in connection with the spectacular 2001 collapse of the energy giant.
* Court documents from this trial can be found here:
http://www.txs.uscourts.gov/cgi-bin/notablecases/notablecases.pl
* US Securities and Exchange Commission enforcement actions related to Enron are here:
http://www.sec.gov/spotlight/enron.htm
* For news coverage of the trial, follow these links:
http://www.chron.com/news/specials/enron/ -
http://money.cnn.com/news/specials/enron/
http://www.washingtonpost.com/wp-dyn/business/specials/energy/enron/
* To find books and movies related to the collapse of Enron, go to Recommended Reading, below.
US Congressional representative William Jefferson is accused in a bribery case that has not only raised the specter of hiding cash in a freezer, but is also opening new legal ground in separation of powers. The furor surrounding an FBI raid has led to President Bush ordering the case records be sealed.
http://www.nola.com/news/t-p/washington/index.ssf?/base/news-1/1148711867215860.xml
http://www.latimes.com/news/nationworld/nation/la-na-jefferson26may26,1,4603976.story
http://www.washingtonpost.com/wp-dyn/content/article/2006/05/25/AR2006052501101.html
http://www.washingtonpost.com/wp-dyn/content/article/2006/05/26/AR2006052601016.html
http://www.latimes.com/news/nationworld/nation/la-na-probes27may27,0,7740535.story
The Times (London) undertook an investigation in how businesses pay for influence, in what they call the "Parliament of Loopholes".
http://www.timesonline.co.uk/article/0,,1,00.html
http://www.timesonline.co.uk/article/0,,0,00.html
http://politics.guardian.co.uk/commons/story/0,,1783673,00.html
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ETM Economies and Financial Systems
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The Organization for Economic Cooperation and Development (OECD) held its 2006 forum, focusing on unsustainable global trade imbalances that must be addressed.
http://www.oecd.org/site/0,2865,en_21571361_35842076_1_1_1_1_1,00.html
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ETM Environment and Climate Change
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Delegates at a UN-sponsored conference on climate change have agreed on how to pursue negotiations on further cuts in greenhouse gas emissions under the Kyoto Protocol.
http://unfccc.int/files/press/news_room/press_releases_and_advisories/application/pdf/20060526_final_26_may_press_release-english.pdf
The Australian Greenhouse Office released "New Challenges: Climate Change Science 2001-2005". The report finds that, "Evidence that the Earth is warming has become much stronger since the IPCC Third Assessment Report was published in 2001. The surge in mean global temperatures recorded through the 1990s has continued through the early part of this century."
http://www.greenhouse.gov.au/science/publications/science2001-05.html
22 May marked International Biodiversity Day. The theme this year was protecting biodiversity in drylands. The Convention on Biological Diversity explains that 46 percent of the earth is dryland, including semi arid lands such as the Karoo and the Horn of Africa, savannah landscapes such as the Eurasian steppes and the North American Great Plains, and so-called Mediterranean landscapes. The erratic rainfall in these diverse systems make the ecosystems very fragile, also threatening livelihoods of the nearly two billion people who live there. Biodiversity is threatened by overexploitation of agricultural and grazing lands, desertification and drought, and the resultant social, economic, and political tensions.
http://www.biodiv.org/programmes/outreach/awareness/biodiv-day-2006.shtml
The International Tropical Timber Organisation warns that only five percent of the world's managed rainforests are being treated in a sustainable way
http://www.itto.or.jp/live/PageDisplayHandler?pageId=270.
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ETM Human Rights
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Amnesty International launched its annual report. It includes these key facts and figures:
* By 2005, 122 countries had abolished the death penalty in law or in practice
* In 1977, the year when the USA resumed the use of the death penalty and AI convened a groundbreaking International Conference on the Death Penalty, only 16 countries were abolitionist.
* 1 Country known to AI that still executed juvenile offenders in 2005.
* 2005 - year in which evidence was made public of involvement of European governments in US-led renditions.
* 1000 - approximate number of secret flights directly linked to the CIA that used European airspace between 2001 and 2005, some of which may have carried prisoners.
* 100s - estimated number of persons who may have been subject to renditions around the world.
* 6 - number of European countries implicated in the rendition of 14 individuals to countries where they were tortured.
* 1 - European country has issued arrest warrants for CIA agents suspected of kidnapping prisoners for rendition.
* 141 countries party to the UN Convention against torture and other ill-treatment.
* 104 countries out of the 150 countries in AI’s 2006 report that have tortured or ill-treated people.
* 2.2 million refugees and people displaced by the conflict.
* 285,000 estimated deaths from starvation, disease and killings in Darfur since 2003.
* 7,000 African Union monitors deployed in Darfur.
* 13 UN Security Council resolutions adopted on Darfur.
* Zero United Nations peacekeepers deployed in Darfur.
* 100 million+ children who remain out of school.
* 300,000 estimated number of child soldiers.
* 46 percent of girls in the world’s poorest countries with no access to primary education.
* 1592 days since the USA opened the Guantanamo Bay prison camp for ‘war on terror’ suspects on 11 January 2002.
* 759 total number of people who have been detained at Guantanamo Bay.
* 13 - age of Mohammed Ismail Agha when taken into US custody in Afghanistan in late 2002 before later being transferred to Guantanamo.
* 0 detainees at Guantanamo Bay who have been convicted of a criminal offence.
* From birth to death, in times of peace as well as war, women face discrimination and violence at the hands of the state, the community and the family.
* 2 bullets for every person on the planet and one gun for every ten.
* 1000 average number of people killed every day by small arms.
* 1 to 10: for every $1 spent on development assistance $10 is spent on military budgets.
* 88 percent reported conventional arms exports are from the 5 permanent members of the UN Security Council: China, France, Russia, UK and USA.
Video, podcasts, press releases, and the report are available here:
http://web.amnesty.org/report2006/launchpack-eng
Britain's High Court judge Mr Justice Davis condemned treatment of victims of torture in a case in which two people scarred from beatings were denied medical attention and instead placed in detention. Two asylum seekers will be paid damages.
http://www.timesonline.co.uk/article/0,,200-2191886,00.html
US federal appeals judge Richard Cardamone warned that the government's gag order for recipients of national security letters(government demands for personal records) is probably unconstitutional
http://www.boston.com/news/local/connecticut/articles/2006/05/23/ny_judge_endless_ban_on_speech_in_nsls_likely_unconstitutional/
http://www.aclu.org/safefree/patriot/25654prs20060524.html
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ETM Infectious Diseases
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A cluster of avian influenza in Indonesia suggests the possibility of person-to-person contagion, but no evidence of a mutation that would signal the possibility of a human pandemic has been found. Investigations continue, but there is no change in the warning level.
http://www.who.int/csr/don/2006_05_23/en/index.html
Ethical issues raised by the possibility of a human influenza pandemic are discussed in these reports and articles:
http://www.hhs.gov/pandemicflu/plan/pdf/AppD.pdf
http://www.keystone.org/spp/documents/FINALREPORT_PEPPPI_DEC_2005.pdf
http://www.utoronto.ca/jcb/home/documents/pandemic.pdf
http://www.vaccineethics.org/
An international team of scientists has identified southern Cameroon as the source of HIV.
http://news.bbc.co.uk/2/hi/health/5012268.stm
A new study led by France's Pasteur Institute has identified mutations in the chikungunya virus that help explain why the once rare infection has rampaged, infecting nearly a million people since December 2005.
http://medicine.plosjournals.org/perlserv?request=get-document&doi=10.1371/journal.pmed.0030263
http://www.mg.co.za/articlePage.aspx?articleid=272798&area=/breaking_news/breaking_news__africa/
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ETM Populations
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Authors of a series of papers warn that as the Millennium Development Goals now stand, whole populations of indigenous people will disappear.
http://www.thelancet.com/collections/series/indigenous_health
http://www.survival-international.org/
http://www.photovoice.org/
http://www.healthunlimited.org/home.html
http://www.lshtm.ac.uk/pehru/indig/index.htm
The British government published its pension reform white paper, which restores the link between state pensions and earnings.
http://www.dwp.gov.uk/pensionsreform/
http://news.ft.com/cms/s/aa4cfd26-ec53-11da-b3e2-0000779e2340.html
http://www.guardian.co.uk/commentisfree/story/0,,1783392,00.html
http://www.guardian.co.uk/Money/pensions/story/0,,1783537,00.html
http://www.telegraph.co.uk/news/main.jhtml;jsessionid=I4QLXDYFHRF53QFIQMFCFGGAVCBQYIV0?xml=/news/2006/05/26/npens26.xml
http://www.timesonline.co.uk/article/0,,5.html
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ETM Technology
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The International Thermonuclear Experimental Reactor (ITER) is an experimental fusion reactor project involving a 7-party international consortiuum. The European Union (represented by EURATOM), Japan, the People's Republic of China, India, the Republic of Korea, the Russian Federation and the USA are collaborating on the most expensive joint scientific project after the International Space Station. The parties have agreed to an initial investment of EU10 billion.
http://www.iter.org/
The UK Medicine and Healthcare Products Regulatory Agency (MHRA) has reviewed the drug trials for a monoclonal antibody treatment of inflammatory disease that caused the immediate and radical illness of six volunteers. Five have left hospital, but their immune systems are still abnormal, and the sixth is still in treatment. The review found that the firm that carried out the trial had not followed procedures, but that the sudden multiple organ failure was an "unexpected biological effect". Other experts believe this was a predictable outcome.
http://www.emergingthreatmonitor.com/2006/05/ETM2801.shtml
http://www.nwlh.nhs.uk/news/item.cfm?id=97
http://news.bbc.co.uk/2/hi/health/4989810.stm
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ETM Weapons (WMD, Proliferation)
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Permanent members of the UN Security Council is reviewing a proposal from France, Germany and the UK that offers technology, trade, and security incentives for Iran to abandon its nuclear program. Meanwhile, Russia is going to proceed with an agreement to supply Iran with surface-to-air missiles, and Iraq has assured Iran that it supports their right to develop nuclear energy and will not allow Iraqi territory to be used to threaten Iran. Iran has indicated it would welcome direct talks with the US, but the US has rebuffed the overture.
The US House Committee on Homeland Security, Subcommittee on Prevention of Nuclear and Biological Attack, held a hearing on "Enlisting Foreign Cooperation in US Efforts to Prevent Nuclear Smuggling". Testimony pointed to multiple US initiatives, and emphasized the need to a multi-layered approach to the threat of nuclear terrorism.
http://hsc.house.gov/content.cfm?id=15
Synthetic biologists are developing a code of conduct to promote security and safety to ensure they do not manufacture potential biological weapons.
http://www.checkbiotech.org/root/index.cfm?fuseaction=news&doc_id=12830
http://www.qb3.org/bcsb.htm
Here is an article about the gun culture in Yemen:
http://www.emergingthreatmonitor.com/2006/05/ETM2802.shtml
University of Wisconsin (US) Biomedical Engineering Professor John Webster has found that Taser shocks can make the hearts of healthy pigs stop beating, contradicting prior findings.
http://www.engr.wisc.edu/bme/faculty/webster_john.html
https://terrorismcentral.com/Newsletters/2005/082805.html#FeatureArticle
http://www.iht.com/articles/2006/05/25/business/taser.php
http://www.taser.com/
5. Critical Infrastructure Monitor
Critical Infrastructure Monitor gives you the background and analysis missing from these news briefings. Subscriptions can be purchased from our online store:
TAMNI Publications
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CIM Agriculture and Food
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The Food and Agriculture Organization (FAO) has launched the Fisheries Resources Management System (FIRMS), a monitoring system for global aquatic resources.
http://www.fao.org/fi/default.asp
The UN held the first Conference of the 1995 Agreement Relating to the Conservation and Management of Straddling Fish Stocks and Highly Migratory Fish Stocks. Attendees addressed improved measures to curtail overfishing.
http://www.un.org/News/briefings/docs/2006/060526_Fish_Stocks.doc.htm
http://www.un.org/apps/news/story.asp?NewsID=18603&Cr=fish&Cr1=
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CIM Banking and Finance
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The Bank Administration institute (BAI) held its annual TransPay conference, featuring discussions on a range of business and technology issues, including the pressure that new technologies put on revenue streams based on transaction fees, and moving financial services to providers outside of traditional financial services.
http://www.bai.org/cs/blogs/baitranspaywp/?WT.mc_id=TP06_BAIHP_WPBLOG
The Mortgage Asset Research Institute (MARI) has completed its "Eighth Periodic Mortgage Fraud Case Report to the Mortgage Bankers Association". Key findings include:
* Florida had the most reported mortgage fraud against lender cases for 2005, followed by Utah, Georgia, Colorado and Illinois.
* Georgia, which had lead the nation in total reported mortgage fraud against lender cases from 2002-2004, has dropped to third position for mortgage fraud. MBA believes this is likely due to aggressive efforts at the state level, including passage of the Georgia Residential Mortgage Fraud Act one year ago.
* Colorado and Illinois show steadily increasing problems over the past five years. Colorado was number 21 in 2001 and now ranks fourth in highest number of reported fraud cases. Illinois dropped from 11th in 2001, to fifth in 2005.
* South Carolina shows the greatest improvement in its MARI Fraud Index, moving from the state with the highest number of cases in 2001, to number 19 in 2005.
http://www.mortgagebankers.org/NewsandMedia/PressCenter/42175.htm
Barclays bank is providing free anti-virus software to all of its online banking customers.
http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?site=pfs&task=channelFWgroup&value=8722&target=_self
http://www.f-secure.com/news/items/news_2006052600.shtml
Standard and Poors released "Six Months After Rollout, Enterprise Risk Management of 78 Major Insurers Evaluated", finds that most insurance companies have adequate ERM systems, and in most cases the ERM evaluation has no effect on their ratings.
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CIM Chemical
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In the US, the New Jersey Work Environment Council (WEC) in the US has identified 110 facilities that could pose risks to the public, including at least six that would put a million people or more at risk of a catastrophic event.
http://www.njwec.org/images/pdf/SafetyandSecuritypdf.pdf
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CIM Cybersecurity
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The US Department of Veterans Affairs has announced that personal data on up to 26.5 million veterans and some spouses has been stolen following a break-in at the home of an employee. The ongoing investigation has found no indication that the confidential information was the target of the burglary, but recommends standard identity precautions. The announcement and identity theft information can be found in this article, followed by an article giving background information on identity theft, with links to other resources:
http://www.criticalinfrastructuremonitor.com/2006/05/CIM2801.shtml
https://terrorismcentral.com/Newsletters/2003/092103.html#FeatureArticle
The House Veteran's Affair Committee held a hearing on this matter.
http://veterans.house.gov/news/109/05-25-06.html
http://veterans.house.gov/hearings/schedule109/may06/5-25-06/witness.html
A $50,000 reward for information leading to recovery of the laptop and its (unencrypted) external disk has been offered, but it seems likely that organized crime would offer much more.
http://www.montgomerycountymd.gov/Apps/Police/News/NA_details.asp?ItemID=2430
The American Red Cross has announced an information security breach in the Missouri-Illinois area, which includes identifying information.
http://www.redcross.org/pressrelease/0,1077,0_314_5386,00.html
With malicious code now circulating, Microsoft has suggested that users affected by an unpatched vulnerability in Word should run the application in safe mode.
http://www.microsoft.com/technet/security/advisory/919637.mspx
http://www.symantec.com/avcenter/venc/data/backdoor.ginwui.html
http://isc.sans.org/diary.php?storyid=1347
A self-propagating instant messaging worm has been reported.
http://www.facetime.com/securitylabs/threatdetail.aspx?id=2812
Skype has released a patch for a vulnerability in its Voice Over Internet Protocol (VOIP) software. There is another flaw in Windows versions that can be exploited to let "buddies" steal files.
http://www.security-assessment.com/Advisories/Skype_URI_Handling_Vulnerability.pdf
Philip Zimmermann, known for developing the Pretty Good Privacy (PGP) encryption algorithm, has released beta software for VOIP encryption.
http://www.philzimmermann.com/EN/zfone/index.html
Note this article about credit card fraud in India, "The code has been cracked":
http://news.moneycontrol.com/india/newsarticle/stocksnews.php?autono=216188
Antivirus company F-Secure has reached agreement with Barclays Bank under which its software will be provided to all of Barclays online banking customers at no cost.
http://www.personal.barclays.co.uk/BRC1/jsp/brccontrol?site=pfs&task=channelFWgroup&value=8722&target=_self
http://www.f-secure.com/news/items/news_2006052600.shtml
Legal action in connection with the Sony rootkit vulnerability, in its content protection software, has been settled in a court agreement that provides compensation for those purchasing affected CDs. A Texas lawsuit for violation of state antispyware laws is still in process.
https://secureweb.rustconsulting.com/sonybmgcdtechsettlement/Instructions.aspx
http://www.eff.org/IP/DRM/Sony-BMG/
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CIM Dams
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Here is a photo gallery of "Three Gorges Dam: Engineering Feat on the Yangtze".
http://www.spiegel.de/fotostrecke/0,5538,13897,00.html
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CIM Defense Industrial Base
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Ghana has sold the jet purchased for former President Jerry Rawlings in 1999 for $5 million, which, in a somewhat questionable transaction, will now be used as a down payment on military jets from China.
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=104611
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=104679
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CIM Energy
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Russian President Putin hosted a summit with EU leaders to discuss an energy partnership.
http://newsvote.bbc.co.uk/2/hi/europe/5014774.stm
Kazakhstan has completed a new petroleum pipeline that has begun pumping oil into China; the first time imported oil has arrived direct.
An Azerbaijan-Turkey pipeline has also launched, a year behind schedule and using a combination of oil from the new pipeline and from storage tankers.
China has agreed to a $1 billion loan to Nigeria to modernize its railways, believing that infrastructure investments will help speed development and, in turn, secure steady supplies of oil and gas for China.
The Australian Nuclear Science and Technology Organization reports that a nuclear power station would have a negligible impact on public health.
http://www.ansto.gov.au/
The US Federal Trade Commission (FTC) has released the results of its "Investigation of Gasoline Price Manipulation and Post-Katrina Gasoline Price Increases". The report found no instances of illegal market manipulation but 15 examples of price gouging at the retain level, mostly explained by local market trends. The report also reiterates "the FTC's position that federal gasoline price gouging legislation, in addition to being difficult to enforce, could cause more problems for consumers than it solves, and that competitive market forces should be allowed to determine the price of gasoline drivers pay at the pump".
http://www.ftc.gov/opa/2006/05/katrinagasprices.htm
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CIM Information Technology
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Lenovo Chairman Yang Yuanqing has complained strongly against unfair treatment encountered in the US since its IBM PC acquisition. He looks to the Chinese government for more support to businesses "going global". Lenovo blames an unexpectedly high quarterly loss on the acquisition.
http://english.people.com.cn/200605/25/eng20060525_268554.html
Note the papers delivered at the 15th international World Wide Web Conference:
http://www2006.org/tracks/
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CIM Public Health and Healthcare
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"Health Financing Revisited - A Practitioners Guide" is a new report from the World Bank that warns of struggling healthcare systems around the world, and the enormous health gap between the rich and the poor. Rising costs, the HIV/AIDS pandemic, and preparation of a possible influenza pandemic are making it difficult to expand the reach of healthcare systems or improve the health of the poor. Many of the world's most pressing health problems, including HIV and tuberculosis, can be readily addressed with low-cost treatments, but delivery is fragmented, and funding erratic and inadequate.
http://www.worldbank.org/hnp/
Only one child in twenty who needs HIV treatment receives it.
http://www.gmfc.org/index.php/gmc6/content/view/full/712
Ivory Coast's civil war has wiped out nearly 80 percent of facilities in the northern rebel-held territory. The failure of the healthcare system has led to a significant increase in HIV infections.
http://www.criticalinfrastructuremonitor.com/2006/05/CIM2802.shtml
Children’s National Medical Center in Washington, D.C., has opened the first WMD decontamination unit.
http://www.wjla.com/news/stories/0506/330130.html
One of the great forces in the battle against HIV/AIDS and for good health, Dr. Lee Jong-wook , head of the World Health Organization, has died. His sudden death has put a pall over the opening of the World Health Assembly, where his presence will be greatly missed. Please consider a donation to your local HIV/AIDS support or research center in his memory.
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CIM Telecommunications
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The US Treasury has conceded its legal dispute over collecting a long-distance telephone fee that was enacted in 1898 as a luxury tax to help pay for the Spanish-American War.
http://www.treas.gov/press/releases/js4287.htm
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CIM Transportation
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The Organization for Security and Cooperation in Europe (OECD) Economic Forum focused on transportation in the second half of the meeting. Participants believe that reopening transport roots in regions frozen by unresolved conflict can help promote peace by emphasizing common social and economic interests.
http://osce.org/conferences/ef_2006_2.html
Nigerian President Obasanjo has dismissed two senior Federal Airports Authority of Nigeria (FAAN) officials and called for revamped airport security, following a report from the National Drug Law Enforcement Agency (NDLEA) that the two Directorate of Aviation Security officials had conspired to facilitate drug traffickers passage.
http://www.tribune.com.ng/26052006/news/news2.html
http://news.airwise.com/story/view/1148650044.html
http://www.nigeria.gov.ng/fed_min_aviation.aspx
The US Senate Subcommittee on Aviation, Senate Committee on Commerce, Science, and Transportation, held a hearing on the reauthorization of the National Transportation Safety Board (NTSB).
http://commerce.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=1766
http://www.ntsb.gov/
Nigeria and China have agreed to a joint infrastructure investment. A $1 billion loan will be used to modernize railways. China is anxious to invest in infrastructure development that could help it secure steady supplies of oil and gas.
The US Coast Guard has been giving low risk ships advance warning of inspections.
http://www.nytimes.com/2006/05/20/us/20ships.html
http://www.cnn.com/2006/US/05/20/coastguard.tipoffs/index.html
http://www.latimes.com/news/nationworld/nation/la-na-ports21may21,1,5010930.story?coll=la-headlines-nation
The International Maritime Bureau (IMO) no longer views the Strait of Malacca as a piracy hotspot. Somalia and Nigeria represent the greatest risks today.
http://www.bernama.com.my/bernama/v3/news.php?id=199196
IMO's Maritime Safety Committee (MSC) has adopted new regulations on Long-Range Identification and Tracking of ships (LRIT),
http://www.imo.org/
News highlights from the past week are provided in this free email update, but detailed analysis, background information and source documents are only available to subscribers. Disaster Reduction Monitor subscriptions and other titles can be purchased here:
TAMNI Publications
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DRM Incidents
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In Java, Indonesia a 6.3 strength earthquake struck early Saturday morning. The death toll has passed 6,600 and more than 10,000 people have been injured.
http://www.thejakartapost.com/detailheadlines.asp?fileid=20060528.00
http://www.smh.com.au/news/World/Indonesian-quake-kills-over-4600/2006/05/29/1148754897904.html
http://news.bbc.co.uk/2/hi/asia-pacific/5023874.stm
http://www.cbsnews.com/stories/2006/05/28/ap/world/mainD8HSUVE80.shtml
http://www.guardian.co.uk/naturaldisasters/story/0,,1784707,00.html
http://blogs.guardian.co.uk/news/archives/2006/05/27/disaster_returns_to_indonesia.html
http://earthquake.usgs.gov/eqcenter/eqinthenews/2006/usneb6/
Contribute to relief operations here:
http://www.savethechildren.org.uk/scuk/jsp/resources/details.jsp?id=4192&group=resources§ion=news&subsection=details http://www.oxfam.org.uk/what_we_do/emergencies/country/indonesia06/index.htm
As of 23 May 2006, Angola has reported a total of 38,897 cases and 1,437 deaths (case fatality rate 3.6 percent). In the last 24 hours, 303 new cases including 7 deaths have been reported, just over half in the capital, Luanda.
Flash floods in northern Thailand caused by heavy rain have killed more than 100 people.
In Benin, 60 people have been killed and nearly as many were injured, several critically, when a tipped tanker caught fire and exploded as they were siphoning leaking gasoline. Treatment for serious burn injuries is virtually unavailable in the area, and there has been no outside assistance.
http://www.mg.co.za/articlePage.aspx?articleid=272871&area=/breaking_news/breaking_news__africa/#
Nearly a week ago 57 coalminers were trapped underground in a flooded mine in China's northern province of Shanxi. Rescue attempts continue, and officials suspected in a coverup of the incident have been detained.
Here is a list of records set during the 2005 hurricane season:
http://www.disasterreductionmonitor.com/2006/05/DRM2801.shtml
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DRM Response and Recovery
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Russian investigators have recovered the cockpit voice recorder from the Armavia Airbus that crashed into the Black Sea on 3 May.
Read about the recovery of the criminal justice system in New Orleans following Hurricane Katrina here:
http://www.usatoday.com/news/nation/2006-05-22-new-orleans-criminal_x.htm
http://www.usatoday.com/news/nation/2006-05-22-new-orleans-justice_x.htm
Read this story of one southern Sudan town's efforts to rebuild after the war:
http://www.disasterreductionmonitor.com/2006/05/DRM2802.shtml
Tom Baldwin writes of survivors of one disaster (Hurricane Katrina) building a monument to another (9/11):
http://www.timesonline.co.uk/article/0,,1,00.html
Each of eight Egyptian officials with the ministry of culture have been sentenced to ten years in prison for negligence in enforcement of fire prevention standards. The charges stem from a September 2005 fire, caused when a candle set fire to the paper stage at a theatre.
http://weekly.ahram.org.eg/2006/796/eg8.htm
Egypt has issued an international warrant for the extradition of Al Salam ferry owner Mamdouh Ismail from the UK. The ferry sank in the Red Sea in February, with the loss of 1,400 lives.
The Independent Levee Investigating Team, led by University of California at Berkeley researchers, has issued a draft of its final report. They conclude that the New Orleans levees failed during Hurricane Katrina because of design and construction errors that resulted from lack of funds or oversight at all levels of government, in particular the US Army Corps of Engineers.
http://www.berkeley.edu/news/media/releases/2006/05/24_leveereport.shtml
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DRM Risks
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The US National Oceanic and Atmospheric Administration (NOAA) has released its predictions for the 2006 North Atlantic hurricane season. NOAA expects a very active season, with 13 named storms, of which eight to ten could become hurricanes, and four to six could become major hurricanes of Category 3 or higher. Hurricane season starts 1 June and lasts at least until 30 November.
http://www.noaanews.noaa.gov/stories2006/s2634.htm
In the Central Pacific, NOAA predicts a slightly below average year, with two to three tropical storms.
http://www.publicaffairs.noaa.gov/releases2006/may06/noaa06-r254.html
Risk Management Solutions (RMS) has updated its Atlantic hurricane model to reflect 5-year predictions of higher frequencies.
http://www.rms.com/
EQECAT is upgrading European flood risk models, which it finds have historically underestimated the probabilities.
http://www.eqecat.com/news/2006/German_Flood_Model_Release.htm
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DRM Mitigation
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The Royal Melbourne Institute of Technology has prepared for the Australian Transport Safety Bureau the first detailed analysis of the fire performance of polymer composites used in aircraft cabins and structures, and describes which perform best and worst.
http://www.atsb.gov.au/publications/2006/pdf/grant_20040046.pdf
Mexico has sponsored the first catastrophe bond to cover rescue and recovery after an earthquake in the country.
http://cms.nationalunderwriter.com/cms/nupc/Breaking+News/2006/05/22-mexico-st
The Symposium On Multi-Hazard Early Warning Systems For Integrated Disaster Risk Management discussed trends in natural disasters. From 1980 to 2005, over 7,000 worldwide natural disasters took the lives of nearly two million people and economic losses of more than $1 trillion. However, as the number of disasters increased by four times, the number of fatalities declined by nearly two-thirds, attributable in part to early warning systems and the strategic shift from response and recovery to prevention and preparedness.
http://www.wmo.int/disasters/
http://www.un.org/apps/news/story.asp?NewsID=18593&Cr=disaster&Cr1=
The US Senate Banking Committee is moving forward legislation to bolster the national flood insurance program, which has a debt of some $23 billion from last year's hurricanes Katrina and Rita. A House bill passed in march.
http://banking.senate.gov/index.cfm?Fuseaction=Hearings.Detail&HearingID=214
This week we look at the sordid tale of Enron.
Bethany McLean was the Fortune magazine reporter whose 2001 article questioned Enron's valuation and asked why there was no balance sheet, starting the path of discovery into the mammoth accounting fraud. Her book, written with colleague Peter Elkind, is "The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron". It focuses on the numbers, and the mockery Enron's officers made of standard accounting practices and ethics. Both in this book and in the movie that followed, the antics of those involved is laid bare in revolting detail.
http://us.penguingroup.com/nf/Book/BookDisplay/0,,9781591840084,00.html
http://www.npr.org/templates/story/story.php?storyId=1478665
http://www.pbs.org/newshour/bb/law/jan-june06/guilty_05-25.html
The Smartest Guys in the Room was adapted into a documentary film, released in 2005.
http://www.enronmovie.com/
http://www.imdb.com/title/tt0413845/
Some of the tapes used in the movie were obtained from CBS News:
http://www.cbsnews.com/stories/2004/06/01/eveningnews/main620626.shtml
"Conspiracy of Fools" by New York Times financial journalist Kurt Eichenwald provides a detailed close-up of each step in the company's collapse. This Pulitzer finalist is an epic thriller whose extensive detail doesn't interfere with the story.
http://www.randomhouse.com/doubleday/currency/catalog/display.pperl?isbn=9780767911788
http://www.randomhouse.com/broadway/conspiracyoffools/index.html
http://www.businessweek.com/magazine/content/05_12/b3925022_mz005.htm
http://www.slate.com/id/2116100/
http://www.npr.org/templates/story/story.php?storyId=4542844
Also check out the Frontline documentary, "Bigger Than Enron: Why the largest business scandal in American history is just the tip of the iceberg - and why investors should care".
http://www.pbs.org/wgbh/pages/frontline/shows/regulation/
This prescient pronouncement was accurate. Enron was only the first in a series of major accounting scandals that led directly to the Sarbanes-Oxley Act and a revolution in corporate accountability and governance, that is spreading well beyond the US.
"Icarus in the Boardroom: The Fundamental Flaws in Corporate America and Where They Came From" by David Skeel fills in these details. It describes how the impact of highflying risk takers can ripple far and wide, and have been at the heart of every corporate collapse from 1873 through today.
http://www.us.oup.com/us/catalog/general/subject/Law/BusinessLaw/?view=usa&ci=9780195310177
http://www.bsos.umd.edu/gvpt/lpbr/subpages/reviews/skeel505.htm
http://www.abc.net.au/rn/talks/saturday/stories/s1577578.htm
8. Asset Management Network News
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