Wednesday, February 23, 2011
Gaddafi tightens gri
Americans, Turks amo
Americans, Turks among the thousands fleeing Libya | Top AP Stories | Chron.com - Houston Chronicle
ANKARA, Turkey — Foreigners fled the chaos in Libya by the thousands Wednesday, with Americans and Turks climbing aboard ships, Europeans boarding evacuation flights and North Africans racing to border crossings in overcrowded vans.
Two Turkish ships whisked 3,000 citizens away from the unrest engulfing Libya as Turkey cranked up its largest-ever evacuation, seeking to protect an estimated 25,000 Turkish workers in Libya. More than 200 Turkish companies are involved in construction projects in Libya worth over $15 billion, and some construction sites have come under attack by protesters.
The safety of U.S. citizens was a prime concern after failed attempts earlier this week to get them out by plane. But hundreds of Americans safely boarded a 600-passenger ferry at Tripoli's As-shahab port on Wednesday for the five-hour journey to Malta, a Mediterranean island south of Italy.
Over a dozen countries — including Russia, China, Germany and Ukraine — sent planes in to help their citizens escape an increasingly unstable situation.
Tripoli airport was chaotic and overflowing with stranded passengers, said Carlos Dominguez, who flew from the Libyan capital to Madrid. He said people could not buy tickets online and Libyan Airlines was accepting only cash.
"The doors are locked and you can only get in if you have a ticket," he said.
Swarms of Egyptians who had lived in Libya were locked outside the airport, he said, "lying on the sidewalks with blankets and children" and all their belongings, even television sets.
"The army treats them very badly," he added.
Irina Kuneva of Bulgaria said tensions in Tripoli were rising sharply after strongman Moammar Gadhafi's defiant speech hinting at civil war with protesters in eastern Libya.
"He said people should either do what he tells them or there will be a civil war," she told reporters Wednesday as she arrived in Sofia on an evacuation flight. "People are very scared."
Two Turkish ships left the eastern Libyan port of Benghazi on Wednesday escorted by a navy frigate. They were heading to Turkey's Mediterranean port of Marmaris, where a soup kitchen and a field hospital were set up and buses were brought in to transfer evacuees. Turkey also sent two more ships to Libya and flew 250 more Turkish citizens back home.
Turkey has now evacuated over 5,300 citizens from Libya in the last three days.
"We are carrying out the largest evacuation operation in our history," Turkish Foreign Minister Ahmet Davutoglu said, adding that 21 countries other countries have asked Turkey to evacuate their citizens too.
Migrants also poured across Libya's land borders with Egypt and Tunisia on Wednesday, with vans piled high with luggage and furniture lining up at the Salloum border crossing with Egypt. Jemini Pandya, a spokeswoman for the U.N. migration agency, said thousands of migrants were fleeing Libya.
China was also gearing up for a massive evacuation of the 30,000 or more Chinese workers in Libya building railways, infrastructure and providing oilfield services. Greece was tapped to help evacuate around 13,000 Chinese workers to Crete by ship and China's first chartered evacuation flight left Wednesday for Libya.
Gadhafi has urged his supporters to strike back against Libyan pro-democracy protesters, escalating a crackdown that has led to widespread shooting in the streets. Nearly 300 people have been killed in the nationwide wave of anti-government protests — and possibly many more.
Libya is one of the world's biggest oil producers — responsible for nearly 2 percent of the world's oil — and many oil companies were evacuating their expatriate workers and families.
The Spanish oil company Repsol chartered a plane that carried 131 people from Tripoli to Madrid, evacuating all its staff from Tripoli.
Raymond Pasby of Britain, who was on the Repsol flight but works for a Kuwaiti construction company, said the Libyan capital was like a ghost town during the day but came alive at night with gunfire, protests and heavy ammunition blasts.
"It's chaos, it is almost civil war," the 62-year-old said. "It is really desperate. Gadhafi thinks he can do what he wants."
British Foreign Secretary William Hague said about 170 British oil workers and colleagues from other nations were stranded in desert camps and unable to reach the evacuation flights.
"These camps are remote, they're isolated, they are scattered over a large distance, they're dependent for food or water on supplies from Libyan cities that have been severely disrupted by the violence and unrest," he said. "They are in a perilous and frightening situation."
Britain was sending two Boeing 757s to Tripoli to evacuate U.K. nationals, and will send a third Thursday if necessary. The royal navy frigate HMS Cumberland was arriving in international waters off Libya on Wednesday night, ready to assist evacuations if the violence escalates, Hague said.
Evacuation planes from Libya spread out across Europe.
The first planeload of evacuated Russians landed in Moscow, bringing 118 people, and three more planes were expected. A ship was also setting sail for Ras Lanuf, the site of Libya's largest refinery and port, to evacuate up to 1,000 Russians, Turks, Serbs and Montenegrins there.
Two French military planes evacuated nearly 400 foreigners to Paris from Libya, and a third plane was en route from France. Two Bulgarian planes returned Wednesday from Tripoli with nearly 200 passengers and Dutch citizens flew home on a military plane.
Hundreds of Italians took Alitalia flights from Tripoli home, and an Italian air force plane landed Wednesday to evacuate others. Two Italian naval vessels headed to eastern Libyan ports to rescue citizens from Benghazi, Misurata, and other cities where airports had been damaged.
Arriving at Madrid's Barajas airport on a nearly empty Libyan Airlines plane, Venezuelan oil engineer Cesar Orta said he had never witnessed violence but had heard it.
"You could hear gunshots or fireworks and hear people shouting. I wasn't afraid, but I never left my house at night," he said, adding that Tripoli was generally pro-Gadhafi.
Orta said the Libyans he had talked to think the unrest will die down in a week or so.
"They say things will be OK and that Gadhafi will sort things out," Orta said.
Dominguez, who worked as an architectural consultant in Tripoli, said the Libyans he knows were furious with the international community for its hands-off approach.
"People are very angry with the international attitude," he said.
___
Giles reported from Madrid. Associated Press writers across Europe contributed to this report.
Bank Branch Closings
Bank Branch Closings Tilt Toward Poorer Areas
In 2010, for the first time in 15 years, more bank branches closed than opened across the United States. An analysis of government data shows, however, that even as banks shut branches in poorer areas, they continued to expand in wealthier ones, despite decades of government regulations requiring financial institutions to meet the credit needs of poor and middle-class neighborhoods.
The number of bank branches fell to 98,517 in 2010, from 99,550 the previous year, a loss of nearly 1,000 locations, according to data compiled by the Federal Deposit Insurance Corporation.
Banks are expected to keep closing branches in the coming years, partly because of new technology and automation and partly because of the mortgage bust and the financial crisis of 2008. New regulations will also cut deeply into revenue, including restrictions on fees for overdraft protection — a major moneymaker on accounts aimed at lower-income customers. Yet the local branch remains a crucial part of the nation’s financial infrastructure, banking analysts say, even as more customers manage their accounts via the Internet and mobile phones.
“In a competitive environment, banks are cutting costs and closing branches, but there are social costs to that decision,” said Mark T. Williams, a banking expert at Boston University and a former bank examiner for the Federal Reserve. “When a branch gets pulled out of a low- or moderate-income neighborhood, it’s not as if those needs go away.”
Mr. Williams and other observers express concern that the vacuum will be filled by so-called predatory lenders, including check-cashing centers, payday loan providers and pawnshops. The F.D.I.C. estimates that roughly 30 million American households either have no bank account or rely on these more expensive alternatives to traditional banking.
The most recent wave of closures gathered steam after the financial crisis in 2008, as banks of all sizes staggered under the weight of bad home loans. In some cases, banks with heavy exposure to risky mortgage debt simply cut branches as part of a broader restructuring. In other cases, banking companies merged and closed branches to consolidate.
Whatever the cause, there were sharp disparities in how the closures played out from 2008 to 2010, according to a detailed analysis by The New York Times of data from SNL Financial, an information provider for the banking industry. Using data culled from the Federal Deposit Insurance Corporation and ESRI, a private geographic information firm, SNL matched up the location of closed branches with census data from the surrounding neighborhood.
In low-income areas, where the median household income was below $25,000, and in moderate-income areas, where the medium household income was between $25,000 and $50,000, the number of branches declined by 396 between 2008 and 2010. In neighborhoods where household income was above $100,000, by contrast, 82 branches were added during the same period.
“You don’t have to be a statistician to see that there’s a dual financial system in America, one for essentially middle- and high-income consumers, and another one for the people that can least afford it,” said John Taylor, president of the National Community Reinvestment Coalition, a group that advocates for expanding financial services in underserved communities.
“In those neighborhoods, you won’t see bank branches,” he added. “You’ll see buildings that used to be banks, surrounded by payday lenders and check cashers that cropped up.”
Wayne A. Abernathy, an executive vice president of the American Bankers Association, disputed Mr. Taylor’s conclusion, as well as the significance of the data.
“You need to look at the context,” he said. “We’re looking at a pool of more than 95,000 branches, and we’ve had several hundred banks fail, so what would be surprising is if no branches had closed.”
The Community Reinvestment Act, signed into law more than three decades ago in an effort to combat discrimination and encourage banks to serve local communities, requires financial institutions to notify federal regulators of branch closings. But legal experts say the federal watchdogs that are supposed to enforce the law have been timid.
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Christopher Maag contributed reporting.
Xoom tablet coming to Verizon Feb. 24 - FierceMobileIT
The Motorola Xoom tablet will debut on Verizon (NYSE: VZ) Wireless' 3G network on Feb. 24, and the operator plans to sell a subsidized version for $600 with a two-year contract. Otherwise consumers can buy the device outright for $800 without a contract.
The Xoom, which will run version 3.0 of Google's Android OS designed specifically for tablets, is being sold as a 3G device, and it will be upgraded to run on Verizon's LTE network during the second quarter.
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Verizon said 3G pricing for the device will fall under its previously established tablet pricing plans: 1 GB of data for $20 per month; 3 GB for $35; 5 GB for $50 and 10 GB for $80. The carrier did not disclose what it will charge for LTE data.
The Xoom incorporates a dual-core processor with each core running at 1 GHz, delivering up to 2 GHz of processing power, and features a 10.1-inch widescreen HD display. The device supports 1080p HD video and HDMI output to display content on larger HD screens. Additionally, the Xoom has a front-facing, 2-megapixel camera for video chats over Wi-Fi, 3G or LTE, as well as a rear-facing 5-megapixel camera that captures video in 720p HD.
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