Snowden calls for whistleblower shield after claims by new Pentagon source

Edward Snowden has called for a complete overhaul of US whistleblower protections after a new source from deep inside the Pentagon came forward with a startling account of how the system became a “trap” for those seeking to expose wrongdoing.

The account of John Crane, a former senior Pentagon investigator, appears to undermine Barack Obama, Hillary Clinton and other major establishment figures who argue that there were established routes for Snowden other than leaking to the media.

Crane, a longtime assistant inspector general at the Pentagon, has accused his old office of retaliating against a major surveillance whistleblower, Thomas Drake, in an episode that helps explain Snowden’s 2013 National Security Agency disclosures. Not only did Pentagon officials provide Drake’s name to criminal investigators, Crane told the Guardian, they destroyed documents relevant to his defence.

Snowden, responding to Crane’s revelations, said he had tried to raise his concerns with colleagues, supervisors and lawyers and been told by all of them: “You’re playing with fire.”

Source: http://www.theguardian.com

World's Oldest Person Dies In New York At The Age Of 116

The world's oldest living person, 116-year-old Susannah Mushatt Jones, died on Thursday in New York City, a research group said.

Jones' death makes Emma Morano-Martinuzzi, a 116-year-old woman in Italy, the oldest living person, according to the Gerontology Research Group.

Jones, who was born in the southern U.S. state of Alabama in 1899, was the daughter of sharecroppers and granddaughter of slaves.

After graduating from high school she moved north in 1922 to New Jersey and then New York, where she worked as a housekeeper and childcare provider, according to Guinness World Records and the Vandalia Senior Center in the New York City borough of Brooklyn, where she lived.

Jones, who retired in 1965, had said that lots of sleep is the secret to her longevity and that she had never smoked or drank alcohol.

The oldest verified person was Jeanne Calment of France, who died in 1997 at 122 years and 164 days, the research group said.

Source: http://www.huffingtonpost.in

US navigation operations in South China Sea not an act of provocation: White House

Strongly refuting Chinese allegations, the US has said that its freedom of navigation operations in the South China Sea is not an act of provocation, two days after an American navy ship sailed close to a disputed reef in the area.

The US, on the other hand, reaffirmed concerns of the international community, particularly of the countries in the region, against Chinese movements and actions in the resource- rich sea.


However, the White House yesterday refused to describe the situation in the South China Sea as headed towards tension.

"I would not describe it that way. I think that there are concerns about China's activities in the South China Sea, (which) are well documented. Our concerns that we have raised both publicly and privately with Chinese officials at a range of levels," White House Press Secretary Josh Earnest told reporters at his daily news conference yesterday.


The freedom of navigation operation that was carried out by the US forces earlier this week is relatively routine, the presidential spokesman said.

"We have done that at least a couple of times just in the last four or five months. It is not intended to be a provocative act. It is merely a demonstration of a principle that the president laid out on a number of occasions, which is that the US will fly, operate and sail anywhere that international law allows," Earnest said, adding that th ..


A US navy ship sailed close to a disputed reef in the South China Sea on Tuesday. The guided missile destroyer, USS William P Lawrence, passed within 22-kilometres of Fiery Cross Reef, the limit of what international law regards as an island's territorial sea. The reef is now an island with an airstrip, harbour and burgeoning above-ground infrastructure.

Chinese authorities monitored and issued warnings to the US destroyer when it passed.

Read more at: http://economictimes.indiatimes.com

HUL drops in volatile trade after reporting tepid volume growth in Q4

Hindustan Unilever fell 0.27% to Rs 850.65 at 15:27 IST on BSE, after the company reported tepid volume growth in its domestic consumer business Q4 March 2016.

Meanwhile, the S&P BSE Sensex was up 467.45 points or 1.85% at 25,695.95

On BSE, so far 3.92 lakh shares were traded on the counter as against average daily volume of 1.13 lakh shares in the past one quarter. The stock was volatile. The stock rose as much as 1.88% at the day's high of Rs 869 so far during the day. The stock fell as much as 1.48% at the day's low of Rs 840.25 so far during the day. The stock had hit a 52-week high of Rs 944 on 8 July 2015. The stock had hit a 52-week low of Rs 765.35 on 27 January 2016. The stock had underperformed the market over the past one month till 6 May 2016, falling 2.14% compared with 1.32% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 0.95% as against Sensex's 2.48% rise.

The large-cap company has equity capital of Rs 216.39 crore. Face value per share is Re 1.

Hindustan Unilever (HUL)'s net profit rose 7.02% to Rs 1089.59 crore on 3.26% growth in total income to Rs 8027.91 crore in Q4 March 2016 over Q4 March 2015. The growth in net profit in Q4 March 2016 was adversely impacted by base effect. HUL said it had booked higher exceptional income in Q4 March 2015 from the sale of subsidiary. Net profit before exceptional items rose 13% to Rs 1031 crore in Q4 March 2016 over Q4 March 2015. The result was announced during market hours today, 9 May 2016.

HUL said net sales of its domestic consumer business grew 3.6% on year on year basis in Q4 March 2016. The growth rate was adversely impacted due to phasing out of excise duty incentives, a one-time credit for excise duty refund in Q4 March 2015 and marginal price degrowth. Volume growth stood at 4% on year on year basis in Q4 March 2016.

HUL's net profit fell 5.39% to Rs 4082.37 crore on 3.38% growth in total income to Rs 32487.80 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

HUL's consolidated net profit fell 6.43% to Rs 4082.42 crore on 3.23% growth in total income to Rs 33591.04 crore in the year ended 31 March 2016 (FY 2016) over the year ended 31 March 2015 (FY 2015).

The domestic consumer business grew by 4% with 6% underlying volume growth. Reported growth was impacted due to phasing out of excise duty incentives, HUL said. Profit before interest and tax (PBIT) grew by 10% with PBIT margin improving by 90 basis points. Profit after tax but before exceptional items, PAT (bei), grew by 6% to Rs 4078 crores. Net profit was at Rs 4082 crore, with the growth rate impacted by the higher exceptional income arising from subsidiary and property related sales in previous year, the company said. The strong track record of cash generation was sustained as cash from operations exceeding Rs 5000 crore for yet another year, it added.

HUL Chairman Harish Manwani commented that the company has delivered another year of competitive and profitable growth in challenging markets and a deflationary cost environment.

HUL is a leading fast moving consumer goods (FMCG) company.   Source: http://www.business-standard.com