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November 2009

Broadway shows returning to New Orleans

NEW ORLEANS – Broadway shows are finally back in New Orleans for the first time since Hurricane Katrina four years ago, and at least one — "The Color Purple" — is giving something back to the recovering city.
"The Color Purple" opens at the Mahalia Jackson Theater on Tuesday, but for months leading up to its New Orleans stop, the show has been raising money in cities across the country to help families displaced by Katrina.
"We all felt a very strong emotional and spiritual connection to the city and the people," said Scott Sanders, the show's lead producer. "We thought, we can't just sell tickets and leave. We have to do something special while we're there. We have to leave something behind."
"The Color Purple" is only the second major Broadway production to come to New Orleans since Katrina flooded 80 percent of the city in 2005. The first was "Cats," which ran Oct. 27-Nov. 1 at the Mahalia Jackson Theater.
The Mahalia Jackson is the city's only major performing arts theater to reopen since the storm. Others, including the Saenger Theatre, State Palace Theater and Orpheum Theater, are still under repair or have not yet begun renovations.
David Skinner, general manager of the Mahalia Jackson, said reviving the performing arts in New Orleans has "been a real uphill struggle." The 2,100-seat theater flooded and had wind damage requiring millions of dollars in repairs. It reopened in January.
"It's been tremendous, the opera, the ballet, and now bringing Broadway back," Skinner said. "It's been very exciting."
Sanders said "The Color Purple" — which opened in New York in December 2005 — was honored to be asked to be a part of the first post-Katrina Broadway season in New Orleans. The season also includes "Mamma Mia" in February, "Wicked" in March and "Avenue Q" in June.
"The Color Purple" donation drive netted more than $300,000 from cities across the country, including Chicago, Atlanta, Cincinnati, Birmingham, Ala., Orlando, Fla., and Norfolk, Va. It will put at least 20 families back in their homes.
Cast and crew are slated to meet with the 20 families after Tuesday's performance, and on Wednesday, they will help move Violet resident Lynette Harvey and her family into their rebuilt home.
"There's not enough words to describe how grateful I am," said Harvey, 44, whose home was flooded to the roofline. "I'm just so happy. I feel so blessed because there were times I thought I'd never get back home."
"The Color Purple" is working with the St. Bernard Project to help Harvey and the other families. The nonprofit agency works with families in Orleans and St. Bernard parishes to rebuild their Katrina-damaged homes.
Zack Rosenburg, director and co-founder of the St. Bernard Project, said it takes an average of $15,000 in materials and hundreds of volunteer hours to rebuild one home. He said "The Color Purple" has provided a much-needed morale boost for the city and its residents.
"It has shown the people here that their citizenship and humanity matter," Rosenburg said. "So much of the federal response, while well-intentioned, was incredibly late. So much has been driven around failure, what went wrong and who is to blame. The needs here are incredible."
To date, the St. Bernard Project has rebuilt just under 250 homes in New Orleans and St. Bernard Parish and is currently working on dozens more. More than 17,000 volunteers have worked with the organization since its launch after hurricanes Katrina and Rita.
Rosenburg said the fact that "The Color Purple" is the show giving the donations has had an impact on the residents. He said the people of New Orleans can relate because "The Color Purple" is an inspiring story about a woman who, through love, finds the strength to triumph over adversity.
"It has a focus on family, resilience, strength and home," Rosenburg said, saying those are "themes that, now more than ever, appear to be universal."
Harvey said she's been a huge fan of both the Pulitzer Prize-winning novel by Alice Walker and the film by Steven Spielberg and is looking forward to seeing the Broadway show Tuesday. Harvey and other families have been invited to opening night, she said.

"The Color Purple" was nominated for 11 Tony Awards, including Best Musical. The show's national tour began in May 2007 in Chicago and continues through 2010. It will be in New Orleans through Sunday.

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On the Net:

The Color Purple, http://www.colorpurple.com

St. Bernard Project, http://www.stbernardproject.org

Toilet Partitions

The third millennium B.C. was the "Age of Cleanliness." Toilets and sewers were invented in several parts of the world, and Mohenjo-Daro circa 2800 B.C. had some of the most advanced, with lavatories built into the outer walls of houses. These were "Western-style" toilets made from bricks with wooden seats on top. They had vertical chutes, through which waste fell into street drains or cesspits. Sir Mortimer Wheeler, the director general of archaeology in India from 1944 to 1948, wrote, "The high quality of the sanitary arrangements could well be envied in many parts of the world today."

Although some sources suggest that bathing declined following the collapse of the Roman Empire, this is not completely accurate. It was actually the Middle Ages that saw the beginning of soap production, proof that bathing was definitely not uncommon. It was only after the Renaissance that bathing declined; water was feared as a carrier of disease, and thus sweat baths and heavy perfumes were preferred.

Toilet Partitions

Member Management Software

Computer software is often regarded as anything but hardware, meaning that the "hard" are the parts that are tangible while the "soft" part is the intangible objects inside the computer. Software encompasses an extremely wide array of products and technologies developed using different techniques like programming languages, scripting languages or even microcode or a FPGA state. The types of software include web pages developed by technologies like HTML, PHP, Perl, JSP, ASP.NET, XML, and desktop applications like OpenOffice, Microsoft Word developed by technologies like C, C++, Java, C#, etc. Software usually runs on an underlying software operating systems such as the Linux or Microsoft Windows. Software also includes video games and the logic systems of modern consumer devices such as automobiles, televisions, toasters, etc.

Computer software is so called to distinguish it from computer hardware, which encompasses the physical interconnections and devices required to store and execute (or run) the software. At the lowest level, software consists of a machine language specific to an individual processor. A machine language consists of groups of binary values signifying processor instructions that change the state of the computer from its preceding state. Software is an ordered sequence of instructions for changing the state of the computer hardware in a particular sequence. It is usually written in high-level programming languages that are easier and more efficient for humans to use (closer to natural language) than machine language. High-level languages are compiled or interpreted into machine language object code. Software may also be written in an assembly language, essentially, a mnemonic representation of a machine language using a natural language alphabet. Assembly language must be assembled into object code via an assembler.

Member Management Software

Man charged with capital murder in 3 Kan. deaths

LYNDON, Kan. – A former Missouri city official previously accused of assaulting his wife was charged Monday with capital murder in the shootings of her and their two teenage daughters in eastern Kansas.
James Kraig Kahler, 46, also was charged with one count of attempted first-degree murder in the shooting of his estranged wife's 89-year-old grandmother and one count of aggravated burglary. Authorities suspect he broke into the grandmother's home near Topeka, where the shootings occurred.
During Kahler's first appearance in Osage County District Court, Judge Phillip Fromme set bail at $10 million and scheduled another hearing for Dec. 10.
Kahler, who often went by his middle name Kraig, declined to comment as sheriff's deputies escorted him in handcuffs from jail to the courthouse. He had been scheduled to appear in court in Columbia, Mo., on Wednesday on a domestic assault charge stemming from an altercation with his wife in March that led to the loss of his job as director of Columbia's Water & Light Department.
A divorce trial for Kahler and his 44-year-old wife, Karen, was scheduled to start Dec. 21, but a settlement hearing was planned for Friday. Court records showed that he complained of financial pressures and the couple had been sparring over their children.
The Kahlers' daughters, Emily, 18, and Lauren, 16, were killed Saturday, along with their mother. His wife's grandmother, Dorothy Wight, 89, was wounded. The couple's 10-year-old son, Sean, was at Wight's house south of Burlingame on Saturday but was uninjured.
Wight remained in critical condition at a Topeka hospital, said Ashley Anstaett, spokeswoman for the attorney general's office. She declined to say where the boy was staying.
Dan Pingelton, a Columbia attorney representing Karen Kahler in the divorce, described her husband as "controlling."
"From the facts I heard, I think he was a misogynist," Pingelton said.
He said Kahler refused to see his daughters. Emily attended the St. Louis College of Pharmacy and Lauren was an honors student at a Columbia high school.
Pingelton said Kahler set up a visit with his son over the Thanksgiving holiday.
"He never was interested in his daughters — only his son," Pingelton said. "And I think that is the reason that little boy is alive today."
A single capital murder count covers the three killings; Kansas law allows the death penalty for multiple murders arising from a single "scheme or course of conduct."
But the Kansas attorney general's office also filed three alternative charges of premeditated first-degree murder in what Deputy Attorney General Barry Disney called a "fallback position" should jurors fail to convict Kahler of the capital charge.
Kahler and his family had moved to Missouri from Parker County, Texas, in July 2008, after he'd been utilities director for the city of Weatherford for nine years. In Columbia, Mo., his $150,000 annual salary made him the city's highest paid employee.
But he was asked to resign in September and was paid two months' salary and one month of severance. In an Oct. 9 court filing, he asked for relief from the temporary monthly payments of $2,030 in child support and $1,500 in maintenance he was required to provide his family.
Kahler said he expected to remain unemployed "for a substantial period of time," adding that he was prevented by court order from withdrawing money from his retirement account pending the divorce.
In court on Monday, Fromme asked Kahler whether he could afford an attorney and Kahler responded that he had "some funds." Nevertheless, the judge appointed the state's death penalty defense unit in Topeka to represent him.

Kahler lived in Columbia until several weeks ago, according to neighbors. On Nov. 25, he notified the Missouri court of his new address in Meriden, Kan., northeast of Topeka.

In her court petition, Kahler's wife described a "history of controlling force" throughout the couple's 23-year marriage. She recounted a New Year's Eve 2008 fight in Weatherford, Texas, during which Kahler pushed her hard enough that she banged her head on the street.

"I'm afraid it will escalate so far that someone is going to be seriously hurt," she wrote.

Pingelton said Karen Kahler believed her husband was hacking into her e-mail and committing minor acts of vandalism around her home.

"Karen was fearful of him, but really she was honestly more afraid he was going to kill himself," he said. "Nobody had any idea he would consider doing this."

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Associated Press writers Alan Scher Zagier in Columbia, Mo., and Heather Hollingsworth in Kansas City, Mo., contributed to this report.

Six bad reactions to swine flu vaccine in Canada: official

OTTAWA (AFP) –
Six severe allergic reactions to swine flu vaccinations have been observed in Canada, health authorities said Tuesday, adding that all of the individuals are feeling better.

All of the cases of anaphylactic shock were linked to a single batch or 172,000 doses of Aprepanrix vaccines made by GlaxoSmithKline (GSK) distributed starting November 2, said Caroline Grondin, a spokeswoman for Canada's health ministry.

Distribution of the batch to six provinces -- British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Prince Edward Island -- was halted, she said.

But she could not say how many doses had been used before distribution was suspended.

The health ministry believes the number of adverse reactions is abnormally high and has asked officials to investigate. One allergic reaction in 100,000 doses is the currently accepted norm.

Anaphylactic shock is a severe, rapid and sometimes fatal allergic reaction to a foreign substance such as a vaccine, shellfish or insect venom. Symptoms include difficulty breathing and a sudden drop in blood pressure.

It is a serious medical issue, said Grondin, but anyone who received the vaccines and did not have a reaction should not worry.

The A(H1N1) vaccine is safe and effective, she insisted. "The fact that we've uncovered problem with a specific batch shows that our monitoring system works," Grondin told AFP.

The World Health Organization (WHO), which first alerted health authorities of potential problems with this batch of vaccines, has not changed its recommendations regarding swine flu vaccines.

These remain, according to the WHO, the most effective way to fight the virus, which has killed some 6,750 people worldwide since it first appeared in March.

A look at economic developments around the globe

A look at economic developments and activity in major stock markets around the world Tuesday:
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BEIJING — President Barack Obama and Chinese President Hu Jintao promised a determined, joint effort to tackle climate change, nuclear disarmament and other global troubles but emerged from their first full-blown summit with scant progress beyond goodwill.
After two hours of talks and a separate meeting the previous night over dinner, the presidents spoke of moving beyond the divisiveness over human rights, trade and military tensions that have bedeviled relations in past decades.
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BEIJING — The chief of the International Monetary Fund said Beijing should let its currency rise as a stronger yuan would help China's development and ease global imbalances.
IMF managing director Dominique Strauss-Kahn's comments came as President Barack Obama was visiting Beijing amid strains over trade and China's currency. Washington says the weak renminbi, as the currency is also known, gives Chinese exporters an unfair price advantage, adding to the U.S. trade deficit.
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LONDON — British banking executives warned excessive reform of the sector by governments and regulators — including a crackdown on bankers' bonuses — would be damaging to economic recovery.
The bankers also cautioned that the British government's plans to toughen rules could cripple London's position as a leading financial center.
A day before the British government is due to announce new banking laws, which will allow financial watchdogs to cancel pay packages that reward undue risk-taking, HSBC Holding PLC Chairman Stephen Green stressed that strong, profitable banks had a clear role to play in supporting future growth.
In European trading, the FTSE 100 benchmark of leading British shares closed down 0.7 percent, while Germany's DAX fell 0.5 percent and the CAC-40 in France was 0.9 percent lower.
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TOKYO — Asian stocks were mostly lower. Japan's Nikkei 225 stock average lost 0.6 percent, Hong Kong's Hang Seng fell 0.1 percent, South Korea's Kospi retreated 0.4 percent, Australia's benchmark faded 0.5 percent and Singapore's market dropped 0.6 percent. China's Shanghai index bucked the trend on optimism about the country's economic recovery, gaining 0.2 percent to a 14-week high of 3,282.89.
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WASHINGTON — Foreign demand for long-term U.S. financial assets rose in September as China and other countries boosted their holdings of Treasury securities.
Continued strong foreign demand for U.S. debt is critical to financing America's soaring budget deficits and keeping American interest rates low enough to support a recovery from the recession.
The Treasury Department said foreigners purchased $40.7 billion more in assets than they sold in September, the biggest jump since June.

China, the largest foreign holder of U.S. Treasury securities, boosted its holdings by $1.8 billion to $798.9 billion in September.

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BRUSSELS — The 16 countries that use the euro brushed aside the impact of a rising currency and posted an unexpected trade surplus in September due to a sharp rebound in exports.

Eurostat, the EU's statistics office, said eurozone seasonally-adjusted exports jumped by 5.5 percent in September from the previous month. That contributed to the euro3.7 billion ($5.5 billion) trade surplus recorded in September. Analysts were expecting a deficit of euro2 billion.

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LONDON — British consumer price inflation rose to 1.5 percent in October, due largely to a more moderate fall in fuel prices compared to last year.

The rise from a 1.1 percent rate in September was not a surprise to most analysts, and was not caused by stronger consumer demand as much as base effects from last year.

The Office for National Statistics said fuel prices were the main driver.

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MOSCOW — Russia's industrial production fell 11.2 percent in October from a year ago, according to the Federal Statistics Service. The industrial sector also rose 0.8 percent from September.

Momentum slowed from September, when output fell 9.5 percent from a year ago but grew 5.1 percent from month to month.

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PARIS — Gross domestic product, the traditional way of measuring economic growth, has won out over a new happiness index in France.

The head of France's statistics office dashed hopes that a report commissioned by President Nicolas Sarkozy could lead to a new, less profit-focused measure of economic growth.

Insee chief Jean-Philippe Cotis said he has no plans to stop monitoring GDP, and although his agency plans new quality of life studies, it was too early to say how his statistical toolbox should be adapted to take that into account.

Shortly after his election in 2007, Sarkozy commissioned Nobel prize-winning U.S. economist Joseph Stiglitz to give new thought to the way GDP is calculated so that happiness and other quality of life measurements can be included in measurements of French economic growth.

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BERN, Switzerland — American clients who each hid more than 1 million Swiss francs in undeclared bank accounts with UBS AG between 2001 and 2008 could have details turned over to the U.S. government, Swiss officials said.

The Swiss Justice Department unveiled the criteria used to determine which 4,450 UBS customers risk disclosure to U.S. tax authorities as part of a deal to end a major tax evasion investigation against the bank.

The Internal Revenue Service had initially sought the names of some 52,000 American clients at UBS believed to be hiding nearly $15 billion. UBS resisted initially, but then agreed to disclose 4,450 names.

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MEXICO CITY — Mexico's leaders approved a $244 billion budget for 2010, a slight increase from 2009 despite an economic crisis.

Magna Latch Vertical Pull

Fences can be the source of bitter arguments between neighbours, and there are often special laws to deal with these problems. Common disagreements include what kind of fence is required, what kind of repairs are needed, and how to share the costs.

Ownership of the fence varies. In some parts of the country all boundaries are shared; in other parts of the country you may own the boundary on the left-hand or right-hand side, however, only the title deeds can be depended on to tell you which side is yours. (A 'T' symbol indicates who is the owner). It used to be normal for the cladding to be on the non-owners side (enabling access to the posts for the owner when repairs need doing), but increasingly this cannot be depended on.

Magna Latch Vertical Pull

When a hug becomes a kiss of death (Politico)

Charlie Crist is getting killed by a hug.
The Republican governor is being bombarded with images of him hugging President Barack Obama when he was in Florida to pitch his $787 billion economic stimulus plan earlier this year.
In just the past two weeks, that hug has appeared in an ad by the conservative Club for Growth attacking Crist, in a Democratic National Committee e-mail highlighting his recent assertion that he actually didn’t “endorse” the stimulus bill and in headlines all over Florida, including one Wednesday that read: “Charlie Crist needs to figure out a way to undo a hug.”
It will only get worse.
“These kinds of images can be deadly,” said Republican strategist Mark McKinnon. “Circumstances and context don’t matter. People impose their own meaning and interpretations. And it’s impossible to undo.”
It is one of the oldest and simplest forms of affection. It’s spanned cultures and religions and gone without stigma for generations. In politics, though, it’s never that simple. And as people, and politicians, have become more comfortable with the hug — particularly the “man hug” (always with a handshake in between to keep the chests from touching) — a downside of this friendly gesture has emerged.
Crist, who until recently maintained untouchable approval ratings, is now getting a taste of what a string of politicians over the past decade have learned the hard way: You’ve got to watch whom you hug.
In other words, political PDAs can be career killers.
Sometimes the hug comes and goes (Hillary Clinton and Yasser Arafat’s wife). Other times, it becomes such a fixture in a campaign that it indelibly labels a candidate (John McCain and George W. Bush).
The hug is most dangerous when it reinforces a narrative that’s already resonating with voters.
Take Crist. It’s not only that his Obama hug feeds into the widespread distrust of him among conservative Florida Republicans and allows his U.S. Senate primary opponent, Marco Rubio, to paint him as a liberal. Crist’s bipartisan embrace also comes at a time when there is a mounting effort among some in the GOP to drive out Republican candidates who aren’t seen as conservative enough.
Democratic strategist Chris Lehane called Crist’s bipartisan hug a “twofer.”
“This hurts him,” he said.
Roger Handberg, a political science professor at the University of Central Florida, put it more starkly: “What’s Charlie Crist’s hug of Obama going to do for him?” he asked. “Probably get him defeated.”
Handberg predicted that Rubio will “beat him to death with the picture.”
The hug attack is fairly new. That it exists at all indicates a cultural shift. As Lehane noted, it’s hard to imagine John F. Kennedy publicly hugging fellow politicians, as the macho cast of the HBO series “Entourage” does.
Crist has tried to shrug off the hug. “I’m a civil guy,” he explained when the gesture started to creep up as an issue.
But civil translates in civics, not in politics, where spontaneous moments of seemingly innocuous public displays of affection can come back to haunt someone.

In the past few election cycles, the hug has done its share of damage.

Ned Lamont was a political novice in 2006 when he ran a successful primary challenge against Sen. Joe Lieberman that was essentially based on the image of the veteran Connecticut Democrat being embraced by President George W. Bush after the 2005 State of the Union address. Bush even appeared to give Lieberman a peck on the cheek.

Lieberman’s embrace of the embattled Republican president played into the already-prevailing notion that he was out of touch with his liberal New England constituents.

Lamont supporters distributed a campaign button showing the moment, labeling it “the kiss.” After former President Bill Clinton campaigned in Connecticut for Lieberman, the senator’s camp made a button showing Clinton with his arm around Lieberman, labeling it “the hug.” And Lieberman held on to win as an independent.

But even embracing the wrong politician during a better time can be deadly. And Crist needs to look no further than his home state to see the hazards of a hug.

McCain’s embrace of Bush at a rally in Pensacola, Fla., in 2004 was meant to signal that the two former rivals had buried the hatchet after their bitter 2000 primary. But the moment was so awkward and strained that it seemed less than believable.

Then, in 2008, the Bush-McCain hug was splashed on billboards and in television ads. Just before the Republican National Convention last year, a Democratic Party spokesman said the image was a key part of a plan to “spend every day looking for every opportunity” to draw the connection between McCain and Bush. It certainly didn’t help McCain with independent voters who were down on Bush — and who flocked to Obama in the election.

Former Senate Majority Leader Tom Daschle tried to leverage a Bush hug to his advantage.

Struggling for reelection in North Dakota, Daschle used the image of Bush embracing him on the Senate floor in 2001 to help him among conservatives. “Daschle: Time to Unite Behind Troops, Bush” read the headline above the image in his television ad. He still lost.

Dick Gephardt’s 2004 presidential campaign was done in by a hug from Bush. The former House majority leader recently told The Wall Street Journal: “The Howard Dean campaign ran multiple TV ads with me hugging George W. Bush, and I never recovered from that with liberal primary voters.”

There are instances when candidates overcome a perilous embrace.

One Bush-hug survivor, Texas Democratic Rep. Henry Cuellar, was able to fend off a primary challenge even though his opponent played up a photograph of Bush embracing Cuellar while he stood on the Republican side of the aisle during the State of the Union.

New York Republicans hit Hillary Clinton during the 2000 Senate campaign for her hug and kiss of Suha Arafat, the wife of the late Palestinian leader, after Arafat gave a speech in the West Bank attacking Israel. “While Israel sacrifices for peace, Arafat spreads hatred and lies — and Hillary embraces her,” said one ad aimed at turning New York’s sizable Jewish population against Clinton.

But Clinton was able to push past it because she had a long record of supporting Israel. And once the criticism started coming, Clinton became adamantly more pro-Israel — and was elected to the Senate.

So far, Crist’s embrace of Obama appears to be having an impact. Rubio has seen an uptick in fundraising, and Crist is already running campaign ads a year before the election.

The question for the Republican governor is: Can he live it down?

“Charlie’s very vulnerable at this stage,” Handberg said. “You know, a picture’s worth 1,000 words. ... It’s highlighting all of his weaknesses.”

But if there’s one universal truth about the hug, it’s that circumstances change.

If Crist survives the Republican primary, the hug may reappear — in his own ads.

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Somali pirate: $3.3M ransom paid, 36 hostages free

MOGADISHU, Somalia – Pirates freed 36 crew members from a Spanish trawler Tuesday after holding them for more than six weeks. A self-proclaimed pirate said the hostage-takers were paid $3.3 million in ransom, while Spain's prime minister said the country did what it had to do.
Prime Minister Jose Luis Rodriguez Zapatero said the tuna boat Alakrana "is sailing toward safer waters. All of its crew members are safe and sound." The release came despite the fact that two Somali pirates in Spanish custody soon will stand trial for kidnapping and related charges.
A Somali villager named Ali Ahmed Salad said 12 armed pirates left the ship shortly after noon Tuesday and joined colleagues near the pirate town of Haradhere.
Ali Gab, a self-proclaimed pirate, told The Associated Press that a boat delivered $3.3 million in ransom. Gab said pirates began leaving the ship shortly afterward, and that a Spanish warship nearby watched the proceedings.
The EU Naval Force said the Alakrana had made its way to the open sea late Tuesday, accompanied by two Spanish warships that would see the trawler to safety.
"Alakrana stated in her call that all the pirates had disembarked the ship and that she had sufficient fuel," the force said in a statement. "The captain also reported that the crew of 36 were in good health."
Zapatero was evasive when asked if the government had taken part in payment of a ransom. "The government did what it had to do," he told a news conference in Madrid after talks with the president of Hungary.
"The important thing is that the sailors will be back with us," Zapatero said. "The first obligation of a country, of the government of a state, is to save the lives of its countrymen."
In April 2008, the Spanish government reportedly paid a ransom of $1.2 million to win the release of another Spanish trawler seized by pirates off Somalia, that time with a crew of 26. The ordeal lasted a week.
The reported ransom payment demonstrates why pirate attacks have been on the rise. The millions of dollars a successful hijacking can bring is a windfall in impoverished and war-ravaged Somalia.
The trawler had been seized Oct. 2 with 16 Spaniards, eight Indonesians and 12 crew from five African countries aboard.
The pirates holding the Alakrana had been pressing for the release of two colleagues who were captured by Spanish naval forces a day after the hijacking and eventually brought to Madrid to face charges.
The Spanish government has been working feverishly to find some sort of legal formula that would allow it to try them and send them back to Somalia quickly in hopes of appeasing the pirates who remained in control of the trawler.
In the end, the hostages were released with the two Somali suspects still in custody in Madrid. They were formally charged with kidnapping and related charges Monday.
In the latest attempted hijackings, pirates attacked two vessels Monday off East Africa, successfully capturing one of the ships and its crew of 28 North Koreans, officials said Tuesday.
The pirates attacked a chemical tanker named the MV Theresa with the 28 crew members on board, the European Union's anti-piracy force said. The vessel, which was operated out of Singapore, had been heading to the Kenyan port town of Mombasa. The EU force did not say what kind of chemicals were on board.
In a second incident Monday, pirates attacked a Ukrainian cargo ship with AK-47 rifles and rocket propelled grenades after two small skiffs detached from a mother ship. Harbour, the EU Naval Force spokesman, said that private security guards on board fired on the pirates, wounding two. The pirates then broke off the attack, the force said, Harbour said the Ukrainian ship was not hijacked.
A Somali man who claims to be a spokesman for the pirates, Gedi Ali, said Tuesday that pirates had captured the Ukrainian ship. Ali also said two pirates were wounded in the attack.

Pirates hold around a dozen ships and more than 200 crew. Attacks have increased in recent weeks as the monsoon season subsided. An international flotilla of warships now patrols the Indian Ocean and Gulf of Aden, but pirates continue to carry out attacks because of the millions of dollars that can be made from a successful hijacking.

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Associated Press Writer Daniel Woolls in Madrid contributed to this report.

UBS targets return to profit, says will take time

ZURICH (Reuters) –
UBS (UBSN.VX) (UBS.N) boss Oswald Gruebel is targeting an annual pretax profit of 15 billion Swiss francs ($14.9 billion) as he aims to put the subprime crisis and a U.S. tax row behind the loss-making bank and win back clients.

Chief executive Gruebel told investors on Tuesday the new strategic plan was a "revolution" and reaffirmed his commitment to an integrated banking model twinning traditional wealth management strength with a broad investment banking offering.

"A transformation like this is not easy. If it was easy I would not be here," Gruebel told UBS's first strategic presentation since his February appointment.

"There will be three guiding principles: reputation, integration, execution: this is what we will stand for in the market... We want to ensure that what has happened to UBS should not happen again."

Gruebel's new targets for the next three to five years also include a cost-to-income ratio of 65 to 70 percent compared to 110 percent now, and return on equity of 15 to 20 percent, compared to negative 16 percent in the third quarter.

"Pre-tax of 15 billion certainly sounds good. But who knows what will happen in five years, and will the targets be reached in three or five years? UBS says themselves that they need time. There is a long and stony path before them," one trader said.

UBS shares, which have risen just 18 percent this year while the wider DJ Stoxx European banking sector (.SX7P) has gained nearly 60 percent, were up 1.2 percent at Swiss francs at 17.70 Swiss francs at 0828 GMT.

"The UBS turnaround story will only really get traction when the hard facts improve substantially and the key element remains the outflow of client assets," Wegelin analysts Marco Schwender and Martin Koch wrote in a note.

UBS shares have consistently underperformed rivals in 2009 and fell again after UBS posted a larger-than-expected third quarter loss on November 3, the seventh out of eight straight quarters the Swiss bank has been unprofitable.

Since his February 26 appointment Gruebel, the 65-year-old former Credit Suisse boss, has been pushing through a tough restructuring that involved selling Brazilian unit Pactual for $2.5 billion, boosting UBS' capital strength and cutting costs.

WEALTH MANAGEMENT FOCUS

Banking veteran Gruebel, a former trader with no university education, said he wanted UBS to boost its number one position as banker to the super rich and remain the number one bank in Switzerland, while focusing growth on Asia.

UBS is the world's number 2 wealth manager with $1.7 trillion in assets under management, but is leader in the super rich, or ultra-high net worth, category.

Gruebel gave no targets for reversing client withdrawals, but a presentation for the investor day said it would take time to restore positive net new money growth in wealth management.

The wealth management division, to which UBS owes much of its fame, is still losing net client money at all of its divisions, including in the core Swiss market.

Gruebel agreed to come out of retirement earlier this year to steer UBS through a subprime and tax storm.

The no-nonsense CEO, seen in Switzerland as a turnaround guru after he managed to restructure Credit Suisse (CSGN.VX) in his 2002-2007 tenure there, has also brought in new executives to head up nearly all of UBS's key divisions.

His latest addition, ex-Merrill Lynch private banking veteran Robert McCann, faces the challenge of making UBS' American wealth management division profitable in the aftermath of a bitter U.S. tax row and amid stronger competition in the U.S. private banking arena.

Gruebel said the recovery of UBS' investment bank, blamed for bringing the whole group to its knees after risky bets on the U.S. subprime market, was "already evident."

He stressed that the rebuilding of the investment bank would go through the fixed-income division, the segment which led UBS to make more than $50 billion of writedowns.

UBS' investment bank made $4.3 billion revenues since the start of this year, nearly eight times less than sector leader Goldman Sachs (GS.N), which had revenues of $33.5 billion, and one fourth of the $16.7 billion reported by Credit Suisse.

UBS also said it expected net new money at the asset management division to be positive again in 2010.

(Additional reporting by Rupert Pretterklieber and Emma Thomasson; Editing by Hans Peters)

($1=1.009 Swiss Franc)