Brazilian oil and gas logistics firm Wilson Sons reported 1,546 operating days from its offshore vessel fleet during the second quarter, up 7% year-on-year.The figure...
This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes Oil & Gas insight and forecasts for business opportunities in Brazil. The business development service focuses on major projects, active companies, such as Wilson, Sons; and business and sales contacts, providing networking opportunities with leading executives throughout Latin America.
WASHINGTON (AP) ? An effort to restore lower interest rates on student loans has failed in the Senate.
The White House and most Senate Democrats favored restoring interest rates on subsidized Stafford loans to 3.4 percent for another year. But lawmakers on Wednesday were unable to muster the necessary 60 votes to overcome a procedural hurdle.
That left interest rates at 6.8 percent ? a rate that leaders from both parties called unacceptable.
Interest rates doubled on July 1 because Congress was unable to send a bill to President Barack Obama for his signature.
Few students so far have been affected because few sign their loans during the summer. But roughly a quarter of all federal lending is through the program and the new rates could affect millions of students.
It didn't take long for former public safety minister Vic Toews to start looking the part of a retired politician, donning a short-sleeved shirt and slacks and sporting his favourite sandals as he worked his last day as a Member of Parliament Monday.
Toews, who was on his way to Steinbach for his final constituency association meeting when I caught up with him, looks as relaxed as ever. With the weight of elected office lifted from his shoulders, Toews, 60, is now contemplating with almost giddy excitement his next career move into the private sector.
"It was really a personal decision by my spouse and myself," said Toews, who officially announced his retirement from politics Monday. "I always promised Stacey I would leave politics when our youngest son got into school."
Toews' son will be starting Grade 1 in the fall. And he said he'd like to be around a lot more to watch him grow up.
"I want to be there to watch him go through school," said Toews, adding the toughest thing for MPs with young kids is to watch them cry every Monday when it's time to return to Ottawa for the week.
Toews, who has a reputation as a no-nonsense, tough-on-crime politician, has actually mellowed in recent years.
Even he admits that if 18 years in politics has taught him anything, it's been to listen more and talk less.
"I've sort of been impulsive when it comes to speaking, I have very strong views on things," said Toews.
"Learning to listen to people, that has really been a good lesson to me."
It's not that Toews' tough-on-crime stance has weakened any. On the contrary, Toews says he believes more than ever that violent criminals need to face consequences for their actions and that law-abiding people have the right to walk freely and safely in their own neighbourhoods.
But it's how those messages are delivered that can always use improvement, said Toews.
A case in point was the federal government's Internet surveillance bill, designed originally by the previous Liberal government to snuff out cyber-criminals and child pornographers and developed further by the Tories with some added safeguards.
The intent of the bill itself was worthy. But it wasn't sold right, and it wasn't fully developed with the level of safeguards the public demanded.
Toews acknowledges the proposed legislation, which has since been shelved, needs to be further analyzed. But there also nees to be a greater understanding among the public how important it is for police to have more effective tools to fight cyber-criminals, including child pornographers, he said.
"I've seen what the police have brought to me, I see how children are abused, it's horrible," said Toews. "This is a problem that is expanding, its not going away."
Everyone in law enforcement and in Parliament knows police need improved tools to fight these growing crimes, said Toews. But because it's politically sensitive, nobody wants to touch it, he said.
"On the Internet issue people don't understand the issue yet and I appreciate that," said Toews.
"It's not their fault it's my fault for not explaining it more broadly."
But it's now unfinished business for someone else to take over. Toews says he's satisfied with the changes he's helped make over the years as attorney general and as public safety minister. But he says there is still a lot of work to do to reform the criminal justice system, particularly the procedural hurdles, red tape and court delays he says is bogging down the system.
"Process is encumbering our entire system," said Toews. "It isn't adding a quality of justice to the system it's simply making it become more tedious, more expensive, more burdensome and not really improving the quality of justice."
Toews -- a former Crown prosecutor -- says he's "pursuing opportunities in the private sector," although he won't say exactly what yet.
But he can guarantee one thing, it won't be as a lawyer or a judge in a court room.
His days of lawmaking and law enforcement are now over.
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An African Union team of eminent persons plans to meet this week with Egypt's interim leadership, following the ouster of the democratically elected President Mohammed Morsi.
"Egypt is an important member of the African Union and we would not in any way allow Egypt to degenerate into chaos. We would do all we could to ensure that Egypt remains stable and prosperous, God willing,rdquo; said Ambassador Aisha Laraba Abdullahi, the African Union's Political Affairs Commissioner.
Abdullahi also called for peace and reconciliation in Egypt following violent clashes between supporters and opponents of Mr. Morsi's ouster.
"We note with deep concern the violence that happened on Friday and the early morning of Saturday,rdquo; continued Abdullahi, "We hope that the human-rights violation, the use of firearm to control protesters should be strongly discouraged. We frown upon that and we call for peace for reconciliation for tolerance, so that Egypt could bounce back.rdquo;
Abdullahi's comments came after newly installed President Adly Mansour appeared to back away from an announcement that former Director General of the International Atomic Energy Agency, Mohammed ElBaradei would be made prime minister. The Muslim Brotherhood says it rejects ElBaradei's appointment and vowed to protest until Mr. Morsi is returned to power.
The African Union suspended Egypt's membership Friday following the group's Peace and Security Council's meeting.
"The African Union will not tolerate unconstitutional [overthrow] of government of any form from any of its member states and this will remain our principle,rdquo; said Abdullahi.
"We call on the new authorities in Egypt to promote dialogue to reconcile to ensure that the constitution that would be drafted is [an] all inclusive one that would embrace everybody and promote peace, stability and hopefully development for Egypt, to ensure that as soon as they draw up a chronogram that they comply with the chronogram to ensure that this military action is not repeated.rdquo;
Abdullahi says the African Union will work closely with the North African country to restore constitutional rule.
"The AU is sending a team of African eminent personalities to discuss with the interim authorities so that they quickly set up a chronogram that would make them to go ahead and organize elections, which would hopefully, allow the country to also draw up a new constitution, go for elections and once that is done, we would be happy to re-admit Egypt back into the union,rdquo; said Abdullahi.
The African Union has also called for Egypt's interim leaders to ensure Morsi's safety after the military placed the former leader under house arrest after he was ousted.
"We continue to call for peace, for calm for respect of human rights for tolerance and understanding among the Egyptians,rdquo; said Abdullahi.
If you've been hoarding Bitcoins, there are an increasing number of ways to spend your virtual currency, from buying pints in London or records in Berlin through to currency speculation.
And then there's gambling. Games developer eGenesis is launching a public beta of Dragon's Tale, which it's describing as "the first massively multiplayer role-playing casino... The Disneyland of gambling, and it's powered entirely by Bitcoins!"
Set in a 3D world, Dragon's Tale is a collection of mini-games for people to play and bet on. "You can tip cows, hunt for Dragon's Eggs, catch fish, run monkeys through mazes, feed ducks," explains eGenesis.
"There are 60 different games so far, with new ones being added all the time, and every one of them is a new take on gambling. About half the games are luck-based and half are skill-based."
The beta test starts on 12 July, but Dragon's Tale has been around for several years in its pre-beta form. Creator Andrew Tepper first announced the game in 2010 on a Bitcoin-related forum.
"What if there were a truly different kind of casino that existed as a persistent world? A world where everything that you see, everything that you can touch, was in fact some sort of game," he wrote.
"No traditional slot machines, card games, dice, but an RPG where your character advances by success at games of chance. Bitcoins rekindled that idea, and since learning of them, I've been brainstorming such a world."
Monkey Roulette within Dragon's Tale
The MMORPG aspect involves players chatting to one another and levelling up their characters' skills as they play, as Tepper explained as he announced the new beta test for Dragon's Tale.
"The first thing that stuck me about online gambling today is that it's a pretty lonely experience, typically one player in a web browser, watching a 2D slot machine," he said.
"I've taken what I've learned in the last 15 years building MMORPGs and for the first time applied that to gambling. I've created an intensely social world where players can explore the game world together, share techniques, and rely on each other as they level up by completing gambling quests."
Bitcoins aren't the only currency used for gambling in Dragon's Tale though: the game also supports credit cards.
Will players be happy to stake their hard-earned Bitcoins on a still-beta game of this nature? On its site, eGenesis warns that the game may experience the odd server crash, forcing its servers to "roll back a few minutes".
That wouldn't be good news for players who'd just won big, though. "If you lose Bitcoins due to a server crash, we'll do everything we can to verify any lost jackpots, and reimburse you for them," promises the developer.
Dragon's Tale is far from the only online game where people can gamble their Bitcoins, even if it's the first to add the MMORPG aspects.
Other examples of Bitcoin gambling services include Bit777, Bitino, SatoshiDice and BitZino. On the non-gambling side of gaming, the SteamBits website sells a selection of console and PC games in exchange for Bitcoins.