The Irish government announces its austerity plan
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The Irish government announces its austerity plan
The Irish government has unveiled a range of tough austerity measures designed to help solve the country’s debt crisis.
Among the spending cuts and tax rises are a reduction in the minimum wage, a new property tax and thousands of public sector job cuts.
The four-year plan is designed to save the state 15bn euros ($20bn; £13bn).
The government is also negotiating a bail-out package with the EU and IMF, expected to be worth about 85bn euros.
The recovery plan outlines plans to cut 24,750 public sector jobs, achieve savings in social welfare spending of 2.8bn euros, and raise an additional 1.9bn euros from income tax.
The government will also reduce the minimum wage by 1 euro, to 7.65 euros an hour, and raise VAT from 21% to 22% in 2013, with a further increase to 24% in 2014.
In total, the spending cuts will amount to 10bn euros while tax rises will bring in a further 5bn euros.
Taoiseach Brian Cowen said he hoped the plan would “bring certainty to our people to make sure they have hope for the future”.
“We can and will pull through as we have in the past,” he added.
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England captain Andrew Strauss is out to the third ball as Australia make a stunning start to the first Ashes Test in Brisbane.
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The Queen and Prince Philip have arrived in Abu Dhabi in the United Arab Emirates for a five-day visit to the Gulf.
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Wikileaks plans to release seven times as many documents as it did in October Wikileaks’ plan to release millions more classified American documents will damage the US and its relations, the state department has warned.
A spokesman said: “These revelations are harmful to the United States and our interests.”
He added: “They are going to create tension in relationships between our diplomats and our friends around the world.”
The whistleblower website says it will publish nearly three million documents.
The spokesman, PJ Crowley, said the state department had known for some time that Wikileaks had obtained some of its classified documents. He said congress had been warned of the impending leak.
He added that US diplomatic missions around the world had begun notifying other governments that the documents may be released within days.
“We wish this would not happen, but we are obviously prepared for the possibility that it will,” he said.
A Pentagon spokesman, Col David Lapan, said the defence department had also notified congressional committees of the expected Wikileaks release.
He said that although the files were believed to be state department documents, they could contain information about military tactics or reveal the identities of sources.
Wikileaks said on Monday that it planned to release seven times as many documents as it released in October, when it posted some 400,000 documents about the Iraq war on its site.
In a message on its Twitter feed, it said: “Next release is 7x the size of the Iraq War Logs. intense pressure over it for months. Keep us strong.”
It would be Wikileaks’ third mass release of classified documents after it published 77,000 secret US files on the Afghan conflict in July.
Wikileaks argues the release of the documents has shed light on the wars, including allegations of torture and reports that suggest 15,000 additional civilian deaths in Iraq.
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Rafael Nadal puts himself in pole position to qualify for the knockout stage of ATP World Tour Finals with a 7-5 6-2 win over Novak Djokovic that was aided by the Serb suffering from an eye problem.
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European giants Inter Milan, Barcelona and Manchester United ease through the knockout stages with comfortable victories.
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The number of unemployment benefit claims fell unexpectedly to a two-year low last week US household incomes and spending rose in October, giving Wall Street a lift, despite continuing housing market woes.
Personal income was up 0.5% versus a month earlier, with consumer spending up 0.4%, the commerce department said.
The news – along with a surprise drop in unemployment benefit claims – boosted US shares, with the Dow Jones ending the day 1.4% higher.
Markets seemed unconcerned at separate data that showed house prices and sales of new homes in the US falling again.
The personal income and spending data was largely in line with analysts’ expectations, and despite the rise, income remains more than 4% below its pre-recession peak.
However, markets were encouraged by a report from the Department of Labor that weekly claims for unemployment benefits fell to the lowest level in more than two years last week.
Meanwhile, other data confirmed that the US housing market is slumping again.
New home sales fell 8% in October from the month before on a seasonally adjusted basis, the US Census Bureau reported.
Total sales for the month were the lowest on record, beating a previous record set in 1981, according to economist Bill McBride.
This follows a more encouraging report on existing home sales in October, released by the National Association of Realtors on Tuesday, which showed sales up 8.4% versus a year earlier, with the inventory of unsold housing falling versus the previous month.
According to Mr McBride, the better performance of existing home sales, compared with new home sales, since the recession began reflects what he calls a “distressing gap”.
Many existing home sales are of repossessed houses, and the steady supply of these foreclosure sales is depressing demand for new homes.
It is also weighing on house prices, with Federal Housing Finance Agency reporting that house prices fell by a seasonally adjusted 0.7% in September, continuing a renewed downturn in prices that began over the summer.
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The waiting is over for cricket fans as the Ashes series between England and Australia gets under way in Brisbane.
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Tottenham book a spot in the last 16 knockout stages of the Champions League courtesy of a win over Werder Bremen.
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The man was found in a restaurant in Irvinestown in County Fermanagh Police are investigating the possibility that a man found dead at a restaurant in County Fermanagh may have been overcome by fumes.
At about 1430 GMT, emergency services received a report that the man had collapsed at the premises on Main Street in Irvinestown.
His body was discovered by a member of staff at the rear of the building.
A police spokesperson said the possibility that he was overcome by fumes was one line of enquiry.
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A late penalty from Wayne Rooney eases Manchester United into the last 16 of the Champions League and consigns Rangers to the Europa League.
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Flowers and tributes have been left at the bridge where the tragedy occurred Cambodia is holding a day of mourning for more than 450 people killed in a festival stampede.
Prime Minister Hun Sen is due to join officials and grieving relatives for a religious ceremony at the footbridge where the tragedy happened.
A preliminary investigation has found that the swaying of the bridge near the capital, Phnom Penh, triggered a panic.
Witnesses said some people were crushed on the bridge, while others fell into the river and drowned.
Crowds of revellers had been crossing the bridge to reach an island where an annual water festival was being held on Monday.
A committee set up to investigate the disaster found that many of the people on the suspension bridge were from the countryside and were unaware that such structures often swayed, local media reported.
Between 7,000 and 8,000 are thought to have been on the bridge at the time.
“Some started screaming that the bridge was collapsing, that people were getting electric shocks and that the iron cables were snapping, so the people pushed each other and fell down and the stampede happened,” said Prum Sokha, heading the panel of inquiry.
The first funerals and cremations took place across the country on Wednesday.
Mr Hun Sen said a memorial would be built “to commemorate the souls of the people who lost their lives in the incident… and to remember the serious tragedy for the nation and the Cambodian people”.
But many relatives say they want answers.
“I feel very sad and angry about what happened,” said Phea Channara at a funeral service for his 24-year-old sister near Phnom Penh.
“I wonder if the police really did their job. Why did they allow it to happen?”
Mr Hun Sen has described the stampede as the country’s biggest tragedy since the Khmer Rouge era in the 1970s, which left an estimated 1.7 million people dead.
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Methane levels may be rising as a result of warm Arctic weather in recent years “Keeping the show on the road” may be all governments can hope for at next week’s UN climate talks, the UK admits.
Energy and Climate Secretary Chris Huhne said there was no chance of getting a legally binding deal at the summit in Cancun, Mexico.
The aim, he said, should be to get “within shouting distance”.
Meanwhile, the World Meteorological Organization (WMO) released data showing that greenhouse gas levels continued their rise through 2009.
It follows publication of a scientific paper at the weekend suggesting that without new constraints, global carbon emissions will re-commence rising at 2-3% per year, following a brief lull caused by the recession.
And on Tuesday, the UN Environment Programme (Unep) said pledges that countries had made on constraining emissions were not enough to keep the global temperature rise within limits that most countries say they want – either 2C or 1.5C since pre-industrial times.
Chris Huhne: legally binding ambition, but slim prospects for delivery this year Like many other governments, the UK believes there is an urgent need to turn these trends around through establishing a new legally-binding regime on emissions.
“We want to see progress [in Cancun] – we don’t want to see a shambles that involves lots of name-calling,” said Mr Huhne.
“If we don’t get peaking of [global] emissions by 2020, the prospects for the people on the planet are looking pretty bleak, so we really do have to make progress on this.”
Realistically, the government believes, progress could be made on issues such as reducing deforestation, financial pledges and bringing the unilateral carbon-cutting pledges that countries unveiled at Copenhagen into the UN framework so they can be properly analysed.
Western countries are equally keen to pursue the place that private finance and the business sector can play in leading the transition to a low-carbon global society.
But the Secretary of State was downbeat about how much progress was possible given the legacy of last year’s Copenhagen summit, the domestic concerns of a few key countries including the US and China, and the differing demands of various negotiating blocs.
“We’re clearly not expecting a final agreement at Cancun; but our objective is to ensure we re-invigorate the whole UN climate convention (UNFCCC) process and manage to get a new sense of momentum, with the ambition of reaching full agreement [at the summit] in South Africa next year,” he said.
“Greenhouse gas concentrations have reached record levels despite the economic slowdown”
Michel Jarraud WMOClimate pledges ‘fall short’, says UN
However, even that may not be possible, officials acknowledged, unless important countries can find a way to reconcile their domestic political problems with the demands of other nations.
The US Senate is extremely unlikely to ratify any UN climate deal, meaning that prospects of the world’s second largest greenhouse gas emitter signing up to anything that other countries would consider legally binding is remote.
US officials – and their Canadian counterparts – are now talking openly about the possibility of a “Plan B” if Cancun does not move in the direction they want.
Among developing nations, China in particular has railed against demands from the West – and from Japan – that it must agree measures enabling its carbon-constraining performance to be monitored and verified.
The UK was encouraged by a recent Indian proposal to put international verification under the auspices of the UN climate convention.
But the US appears to be growing as an obstacle, with campaigners acknowledging privately that the balance of power in Congress is likely to become even less favourable to carbon-cutting legislation after the next round of elections in 2012.
The WMO data, meanwhile, confirms that atmospheric concentrations of the three gases principally responsible for the man-made component of the greenhouse effect – carbon dioxide, methane, and nitrous oxide – all rose during 2009.
The agency highlighted the rise in methane emissions, which it says is probably due to higher than average emissions from wetlands around the Arctic and in the tropics, both related to weather conditions.
Heightened methane emission from wetlands and permafrost has regularly been touted as a potential amplifying factor in climate change, with warmer weather stimulating their release and so producing further warming.
“Greenhouse gas concentrations have reached record levels despite the economic slowdown,” observed WMO secretary-general Michel Jarraud.
“Potential methane release from northern permafrost, and wetlands, under future climate change is of great concern, and is becoming a focus of intensive research and observations.”
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Extra police have been drafted in to patrol Rio’s gang-dominated slums Police and gang members have clashed in the Brazilian city of Rio de Janeiro for a fourth day, despite further raids by security forces.
At least 10 people were reported killed on Wednesday as police sought to quell the wave of gang violence.
Heavily armed men continued to stop cars and buses, rob passengers and set vehicles alight, police said.
Officials say drug traffickers are fighting back against police operations aimed at “pacifying” city slums.
“There are groups of criminals who have been installed here for 20, 30 years, and they might not want to give up,” said Rio state public safety director Jose Beltrame.
“But we’re not giving up either. If they keep this up, we will redouble our efforts. Anyone who gets in our path will be run over.”
Military police said 10 suspected gang members died in shootouts with agents early on Wednesday.
The Brazilian G1 news website said bombs, grenades and guns had been seized in police raids.
“The criminals have discovered the power they have and they want to show it”
Olga Silveira Rio de Janeiro resident
Gang-related violence has plagued Rio for decades, but most has been contained within the city’s slums, known as favelas.
Now some of the recent attacks have spilled into wealthier areas closer to the beach.
“The scary part is that now it is getting close to us,” said Olga Silveira, shopping in the wealthy Ipanema neighbourhood.
“Before, the violence was always far away. The criminals have discovered the power they have and they want to show it.”
Correspondents say the latest wave of violence has raised further doubts about Rio’s ability to safely host the 2014 Fifa football World Cup and 2016 Olympic Games.
The latest clashes began on Saturday night when armed men began blocking some of the main roads leading out of Rio, robbing motorists and setting vehicles on fire.
By Tuesday, police said officers had been deployed in 17 slum districts.
More than 1,000 officers were removed from desk jobs to join the operation and 300 extra motorcycle police were on patrol, they said.
Two suspected gang members had been shot dead by Tuesday and there have been many arrests.
Rio’s favelas have for years been controlled by heavily armed drug trafficking gangs.
The city’s pacification programme is aimed at improving security and the rule of law in Rio in the run-up to the World Cup and Olympics.
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Two babies and two adults have been taken to hospital with suspected carbon monoxide poisoning.
Mid and West Wales fire service said crews were called at 1320 GMT on Wednesday to an address at Tycroes, near Ammanford, in Carmarthenshire.
The four were taken to hospital in Carmarthen for treatment. Their conditions were said to be stable and not life threatening.
A spokesperson for the service said a carbon monoxide alarm had sounded.
Firefighters had ventilated the property and isolated the gas supply.
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