BAPS Diwali 15
Bollywood 18
Art & Fashion 26
Spiritual Awareness 30
NEW YORK EDITION Vol.4 No.29 November 5-11, 2011 60 Cents Diwali at White House: First person account
Corzine firm may have moved funds before bankruptcy
TheSouthAsianTimes.info Vettel wins inaugural Indian Grand Prix India’s F1 Grand Prix, Page 16
US Affairs, Pages 10
Let Greece crisis not spill over to emerging economies: Manmohan at G20 Cannes: With non-member Greece throwing the G20 Summit here into a tailspin, India Thursday called for urgent steps to resolve the Eurozone crisis and said emerging economies cannot be made to suffer its spillover effects. India also made a strong plea for tackling the issue of illicit money stashed away in tax havens abroad, calling it a serious problem that takes away developmental funds of poor and emerging economies. “The announcement of a referendum by the government of Greece has upset the calculations,” Prime Minister Manmohan Singh told the sum-
Prime Minister Dr. Manmohan Singh in a group photo with G20 leaders including President Obama in Cannes, France, Thursday. mit, referring to the decision by Athens to go to the people regarding its bailout package, which was later withdrawn.
“Although the Eurozone countries have the principal responsibility for dealing with these prob Continued on page 4...
Cricket shamed: Pak trio jailed for spot-fixing London: Former Pakistan captain Salman Butt and two of his teammates -- pacers Mohammed Asif and Mohammed Aamer -- were on Thursday sentenced to varying jail terms after being found guilty of spot-fixing, making them the first cricketers ever to be imprisoned for corruption. Butt was sentenced to two and a half years, Asif was handed a oneyear term, while the 19-year-old Aamer was sentenced to six months of prison time by a court here. Players' agent Mazhar Majeed got the strongest punishment as he was sentenced to two years and eight months in prison by Justice Jeremy Cooke after a trial. "These offences, regardless of
Mohammed Asif, Mohammed Aamer and Salman Butt pleas, are so serious that only a sentence of imprisonment will suffice," Cooke told the convicted quartet here today. Butt, who apparently corrupted his teammates, was called the "orchestrator" of the scam that was revealed after a sting operation on Majeed by the now-defunct tabloid 'The News of the World' in August Continued on page 4...
Is US headed for war with Iran?
Habib American Bank opens 7th branch The bank's Richmond Hill branch in Queens was inaugurated Oct 30 by Habib American’s Director, Arvid Nelson, who was cheered on by Saleem Iqbal (middle), President and CEO of the bank, and other bank officials. See report and more photos on Page 2.
Washington/Jerusalem: War with Iran is the last thing President Obama needs with the American economy in dire trouble and a tough White House election campaign looming next year, according to officials in Washington as well as political analysts. But while the Obama administration is desperate to avoid another conflict it would be America's fourth in a decade as the drumbeat from Israel has been growing louder, reports The Guardian. The Israeli cabinet was reported on Wednesday to be debating whether to launch air strikes on Iranian nuclear sites in the coming weeks. Prime Minister Benjamin Netanyahu, and the defense minister, Ehud Barak, are lobbying in favor of action, but other senior ministers are urging caution. In response, Iran has warned, as it has in the past, that any attack by Israel would result in retaliation against the US. The
Iranian news agency ISNA quoted Hassan Firouzabadi, Iran's military chief, as saying: “The Zionist regime's military attack against Iran will inflict heavy damages to the US as well as the Zionist regime.” The rhetoric from Tel Aviv and Tehran is making some within the Obama administration nervous. A Washington official familiar with the issue acknowledged the temperature has been rising and that Israel introduced an unpredictable element. He reiterated, however, that the policy of the Obama administration was to pursue all diplomatic channels, backed by tougher sanctions, and avoid military action. A congressional hearing on Iran last week was told that the Pentagon has a series of contingency plans for military action, ranging from all-out war to limited operations. Obama had signed off on these, the hearing was told.