Man feared dead in 100-foot sinkhole near Tampa

Last Updated 1:15 p.m. ET

SEFFNER, Fla. A man was missing and feared dead early Friday after a large sinkhole opened under the bedroom of a house near Tampa.

His brother says the man screamed for help before he disappeared.

The 36-year-old man's brother, Jeremy Bush, told rescue crews he heard a loud crash around 11 p.m. Thursday, then heard his brother screaming for help.

"When he got there, there was no bedroom left," Hillsborough County Fire Rescue spokeswoman Jessica Damico said. "There was no furniture. All he saw was a piece of the mattress sticking up."

The brother called 911 and frantically tried to help his brother. He said he jumped into the hole and dirt was quickly up to his neck.

"The floor was still giving in and the dirt was still going down, but I didn't care. I wanted to save my brother," Jeremy said. "But I just couldn't do nothing."

An arriving deputy pulled the brother from the still-collapsing house.

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Sinkholes

"I reached down and was able to actually able to get him by his hand and pull him out of the hole," Hillsborough County Sheriff's Deputy Douglas Duvall said. "The hole was collapsing. At that time, we left the house."

Engineers worked to determine the size of the sinkhole. At the surface, officials estimated it was about 30 feet across. Below the surface, officials believed it was 100 feet wide.

"The entire house is on the sinkhole," Damico said.

Hillsborough County Fire Chief Ron Rogers told a news briefing that extra-sensitive listening devices and cameras were inserted into the sinkhole. "They did not detect any signs of life," he said.

By early Friday, Hillsborough County Fire Rescue officials determined the home had become too unstable to continue rescue efforts.

Neighbors on both sides of the home have been evacuated.

Sinkholes are common in seaside Florida, whose underlying limestone and dolomite can be worn away by water and chemicals, then collapse.

Engineers condemned the house, reports CBS Tampa affiliate WTSP.

From the outside of the small, sky blue house, nothing appeared wrong. There wear no cracks and the only sign something was amiss was the yellow caution tape circling the house.

Hillsborough County Sheriff's Office spokesman Larry McKinnon said authorities asked sinkhole and engineering experts, and they were using equipment to see if the ground can support the weight of heavy machinery needed for the recovery effort.

Jeremy Bush stood in a neighbor's yard across the street from the house Friday and recounted the harrowing collapse.

"He was screaming my name. I could swear I heard him hollering my name to help him," he said of his brother.

Jeremy Bush's wife and his 2-year-old daughter were also inside the house. "She keeps asking where her Uncle Jeff is," he said. "I lost everything. I work so hard to support my wife and kid and I lost everything."

Janell Wheeler told the Tampa Bay Times newspaper she was inside the house with four other adults and a child when the sinkhole opened.

"It sounded like a car hit my house," she said.

The rest of the family went to a hotel but she stayed behind, sleeping in her car.

"I just want my nephew," she said through tears.

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Sequester Begins But Govt. Shutdown Looks Unlikely

Mar 1, 2013 4:13pm

Andrew Harrer/Bloomberg/Getty Imag

It may not be readily obvious from the blizzard of news out there today on the “sequester,” but a government shutdown became significantly less likely today, even as the automatic budget cuts barreled ahead toward reality.

What happened? Both sides – Republicans and Democrats – basically seem to have agreed that as they will continue to fight out the $85 billion in automatic budget cuts starting to take effect today, they will not allow that disagreement to jeopardize full funding for the federal government. That funding is now scheduled to expire March 27.

RELATED: President Obama, Congressional Leaders Fail to Avert Sequester Cuts

After the White House meeting this morning, House Speaker John Boehner said he would have the House vote next week to fund the full government – what’s known as a “continuing resolution.”

Boehner: “I did lay out that the House is going to move a continuing resolution next week to fund the government past March 27th, and I’m hopeful that we won’t have to deal with the threat of a government shutdown while we’re dealing with the sequester at the same time. The House will act next week, and I hope the Senate will follow suit.”

READ MORE: 6 Questions (and Answers) About the Sequester

Boehner’s office provided this read-out of the meeting: “The president and leaders agreed legislation should be enacted this month to prevent a government shutdown while we continue to work on a solution to replace the president’s sequester.”

The president was asked at his mini-news conference whether he would definitely sign such a bill, even if it keeps government going at the new, lower spending levels as this fight is resolved (or not).

RELATED: 57 Terrible Consequences of the Sequester

Obama’s response: “With respect to the budget and keeping the government open – I’ll try for our viewing audience to make sure that we’re not talking in Washington gobbledygook. What’s called the continuing resolution, which is essentially just an extension of last year’s budget into this year’s budget to make sure that basic government functions continue, I think it’s the right thing to do to make sure that we don’t have a government shutdown. And that’s preventable.”

So even as we moved toward the brink of sequester, the nation’s leaders took a step back from another, much larger cliff.

SHOWS: World News

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Syria war is everybody's problem

STORY HIGHLIGHTS

• NEW: France considers sending Syrian rebels night-vision gear and body armor, a source says


• Britain's foreign secretary says the UK will announce new aid soon


• The statements after European Union loosens restrictions to allow nonlethal aid to rebels


• The U.S. will also send non-lethal aid to rebels for first time, plus $60 million in administrative aid

Rome (CNN) -- The United States stepped further into Syria's civil war Thursday, promising rebel fighters food and medical supplies -- but not weapons -- for the first time in the two-year conflict that has claimed more than 60,000 lives and laid waste to large portions of the country.

Meanwhile, European nations began to explore ways to strengthen rebel fighters that stop short of arming them after a European Council decision allowing such aid to flow to Syria.

U.S. Secretary of State John Kerry said the aid would help fighters in the high-stakes effort to topple Syrian President Bashar al-Assad, a conflict that has already spawned an enormous humanitarian crisis as refugees flee the fighting.

The ongoing fighting also poses the persistent threat of widening into a destabilizing regional crisis, including concerns that Hezbollah, Iran or others could gain control in Damascus after al-Assad's government falls.

"The United States' decision to take further steps now is the result of the continued brutality of a superior armed force propped up by foreign fighters from Iran and Hezbollah, all of which threatens to destroy Syria," Kerry said after meeting opposition leaders in Rome.

Kerry didn't say how much that aid would be worth, but did announce that the United States would separately give $60 million to local groups working with the Syrian National Council to provide political administration and basic services in rebel-controlled areas of Syria.

READ: U.S. weighing nonlethal aid to Syrian opposition

That's on top of $50 million in similar aid the United States has previously pledged to the council, as well as $385 million in humanitarian assistance, Kerry said.

"This funding will allow the opposition to reach out and help the local councils to be able to rebuild in their liberated areas of Syria so that they can provide basic services to people who so often lack access today to medical care, to food, to sanitation," he said.

Islamist Influence

That aid is partly an effort to hem in radical Islamist groups vying for influence in Syria after the fall of al-Assad, a senior State Department official told CNN.

"If the Syrian opposition coalition can't touch, improve and heal the lives of Syrians in those places that have been freed, then extremists will step in and do it," the official said.

Sheikh Ahmed Moaz al-Khatib, president of the Syrian National Council, said concerns about Islamist influence had been overstated.

"We stand against every radical belief that aims to target Syria's diverse social and religious fabric," he said.

READ: Inside Syria: Exclusive look at pro-Assad Christian militia

U.S. officials hope the aid will help the coalition show what it can do and encourage al-Assad supporters to "peel away from him" and help end the fighting, the official said.

The opposition council will decide where the money goes, Kerry said.

But the United States will send technical advisers through its partners to the group's Cairo headquarters to make sure the aid is being used properly, the senior State Department official said.

Additional aid possible

The European Council carved out an exception in its sanctions against Syria on Thursday to allow for the transfer of nonlethal equipment and technical assistance for civilian protection only.

The council didn't specify what kind of equipment could be involved.

British Foreign Secretary William Hague said Friday on Twitter that his country would be pledging new aid because "we cannot stand still while the crisis worsens and thousands of lives are at stake."

A diplomatic official at the French Foreign Ministry told CNN that France is studying the possibility of supplying night-vision equipment or body armor.

"It is in the scope of the amendment," the official said.

In the United States, President Barack Obama is thinking about training rebels and equipping them with defensive gear such as night-vision goggles, body armor and military vehicles, according to sources familiar with the discussions.

The training would help rebels decide how to use their resources, strategize and maybe train a police force to take over after al-Assad's fall, one of the sources said.

READ: Syrian army in Homs is showing strains of war

Kerry did not announce that sort of aid Thursday, but said the United States and other countries backing the rebels would "continue to consult with each other on an urgent basis."

An official who briefed reporters said the opposition has raised a lot of needs in the Rome meetings and the administration will continue to "keep those under review."

"We will do this with vetted individuals, vetted units, so it has to be done carefully and appropriately," the official said.

Humanitarian crisis

The conflict began with demands for political reform after the Arab Spring movement that swept the Middle East and Africa, but descended into a brutal civil war when the al-Assad regime began a brutal crackdown on demonstrators.

At least 60,000 people have died since the fighting began in March 2011, the United Nations High Commissioner for Human Rights said in early January.

Another 940,000 had fled the country as of Tuesday, while more than one in 10 of Syria's 20 million residents have been forced to move elsewhere inside the country because of the fighting, the Office of the United Nations High Commissioner for Refugees said.

The situation is nearing crisis proportions, with the dramatic influx of refugees threatening to break the ability of host nations to provide for their needs, Assistant High Commissioner Erika Feller told the U.N. Human Rights Council on Tuesday

"The host states, including Jordan, Lebanon, Turkey, Iraq, Egypt and the North African countries, have been exemplary in their different ways, but we fear the pressure will start to overwhelm their capacities," she told the council, according to a text of her remarks posted on the United Nations website.

Al-Khatib said it's time for the fighting to stop.

"I ask Bashar al-Assad for once, just once, to behave as a human being," he said. "Enough massacres, enough killings. Enough of your bloodshed and enough torture. I urge you to make a rational decision once in your life and end the killings."

READ: Syrian war is everybody's problem

Jill Dougherty reported from Rome, and Michael Pearson reported and wrote from Atlanta. CNN's Nick Paton Walsh and Elise Labott also contributed to this report.

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Polls close in crucial British by-election

LONDON: Polls closed in the southern English town of Eastleigh on Thursday in a by-election for a new member of parliament in a tight contest that threatens serious repercussions for Britain's main parties.

The election pits Prime Minister David Cameron's Conservative Party against its junior coalition partner, the Liberal Democrats, while the anti-EU UK Independence Party (UKIP) is hoping to capitalise on voter disillusionment. First results are expected around 0200 GMT.

The election was sparked by the resignation of disgraced former energy minister Chris Huhne, a Liberal Democrat who has pleaded guilty to trying to avoid a speeding fine.

Nick Clegg, the embattled deputy prime minister and Lib Dem leader, has called it a "two-horse race" between his party and the Conservatives, while UKIP leader Nigel Farage predicted a "big" swing to his party.

The Lib Dems have been damaged by an ongoing sex scandal surrounding the party's former chief executive Chris Rennard, and the vote looks set to cause ructions within an already strained coalition, whatever the result.

On the eve of polling, Cameron urged Conservatives to back candidate Maria Hutchings, who vowed to help "get the country back on its feet" if she won.

But senior Conservative David Davis warned that a loss for the party would place serious doubt over Cameron's leadership of the party.

"If we came third it would be a crisis," Davis told BBC television. "And if it's a close second with UKIP on our tail it will also be uncomfortable."

More than 79,000 people were eligible to vote for one of the 14 candidates, and residents have been subjected to incessant campaigning since the election was called after Huhne's resignation on February 5.

Clegg visited Eastleigh on Wednesday to pledge his support for candidate Mike Thornton, saying he was on the "cusp of a great, great victory".

Addressing supporters at Lib Dems headquarters, Clegg called the race the "most exciting and closely contested by-elections" that he could remember.

Farage backed his candidate, Diane James, to "come up on the rails" and cause a major shock.

"If you gave me evens on us gaining more than 20 percent in this by-election I would have a very big bet," he said. "This is the campaign that has got momentum."

John O'Farrell, the candidate for the main opposition Labour party, is fighting not to finish in fourth place, and said he hoped voters would register their dissatisfaction at living standards by voting for his party.

-AFP/ac

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Suspect in Las Vegas shooting, crash apprehended

By Erica Henry and Greg Botelho, CNN

updated 6:30 PM EST, Thu February 28, 2013

Ammar Asim Faruq Harris, 26, was arrested about noon Thursday, the FBI says.

STORY HIGHLIGHTS

• NEW: Ammar Asim Faruq Harris was arrested "without incident" in Los Angeles, police say


• Police say Harris, 26, fired at a Maserati, which then crashed into a taxi in Las Vegas


• Maserati's driver and two people in the taxi, one of them its driver, were killed


• Harris is being held in California pending extradition back to Nevada

(CNN) -- One week after an all-too-real scene befitting a movie played out on the famed Las Vegas Strip -- a pre-dawn shooting that sparked a deadly, fiery crash -- the man authorities suspect started it all is finally under arrest.

Ammar Asim Faruq Harris, 26, was apprehended around noon (3 p.m. ET) on Thursday in North Hollywood, California, said FBI spokeswoman Lourdes Arocho.

FBI agents and members of the Los Angeles Police Department's Fugitive Task Force made the arrest, according to Arocho.

Harris was detained "without incident" in the Los Angeles neighborhood and will be held pending extradition proceedings, Las Vegas police said in a news release.

This all went down 275 miles southwest from where, authorities say, Harris was at the wheel of a black Range Rover around 4:20 a.m. last Thursday when he allegedly opened fire on a Maserati driven by Kenneth Cherry, an aspiring rapper known as Kenny Clutch, as it headed north on Las Vegas Boulevard.

Cherry was shot in the chest and arm. His vehicle collided with a taxi, which caught fire.

The crash killed cab driver Michael Boldon and a passenger, Washington state resident Sandra Sutton-Wasmund. The 27-year-old Cherry later died at a hospital.

The Las Vegas Metropolitan Police Department identified Harris as the shooting suspect on Saturday, at which time they said his vehicle had been impounded. He had an "extensive and violent criminal history" and was considered armed and dangerous, according to police.

Las Vegas Strip shooting suspect named, car impounded

The whole scene played out in the midst of the Las Vegas tourist hub, closing a block and a half of the well-known boulevard near some of the Nevada city's biggest draws -- Caesars Palace, the Bellagio, Bally's and the Flamingo.

Seventeen years earlier, legendary rapper Tupac Shakur was shot dead two blocks from the accident scene.

On Tuesday, police said they looking for a woman in connection with the latest shooting, adding that she was believed to be inside the Range Rover when the shots were fired.

At the time, they characterized her as missing and possibly endangered.

The photos they released, however, showed the wrong woman. Earlier Thursday, Las Vegas police said they no longer considered the woman -- identified as Yenesis Alfonso, also known as Tineesha Howard -- "a missing person or a person of interest."

Las Vegas police issue wrong photographs of 'person of interest'

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Judge accepts Manning's guilty pleas in WikiLeaks case

Updated at 5:52 p.m. ET

FORT MEADE, Md. A U.S. Army judge has accepted an offer by a private to plead guilty to violating military regulations in the biggest leak of classified material in U.S. history.

Pfc. Bradley Manning admits to sending hundreds of thousands of Iraq and Afghanistan battlefield reports, State Department diplomatic cables and other files to WikiLeaks while working as an intelligence analyst in Baghdad.

An Army judge accepted the pleas to 10 charges at a hearing Thursday. Manning could face a maximum of 20 years on those charges alone.

Prosecutors say they plan to move forward with an additional 12 charges against him, including aiding the enemy. That charge could carry a life sentence.

Earlier, Manning offered to plead guilty Thursday, saying he spilled the secrets to expose the American military's "bloodlust" in Iraq and Afghanistan.

It was the first time Manning directly admitted leaking the material to the anti-secrecy website WikiLeaks and detailed the frustrations that led him to do it.

Sitting before a military judge, the slightly built 25-year-old soldier from Oklahoma read from a 35-page statement through his wire-rimmed glasses for more than an hour. He spoke quickly and evenly, showing little emotion even when he described how troubled he was by what he had seen.

"I believed that if the general public, especially the American public, had access to the information ... this could spark a domestic debate on the role of the military and our foreign policy in general," Manning said.

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WikiLeaks suspect Bradley Manning

Retired Lt. Col. Jeffrey Addicott, a former Army lawyer, told CBS Radio News that the defense's move was "pretty gutsy."

"Basically they're saying that they're willing to plead guilty to some of the offenses, recognizing that he understands the gravity of what he did, which will of course have an effect on himself on the mercy of the panel of the jury in terms of the sentencing process," said Addicott. "But he's not pleading guilty to everything, so he's kind of splitting the baby."

Manning said he didn't think the information would harm the U.S. and he decided to release it because he was disturbed by the conduct of the wars in Afghanistan and Iraq and the seeming disregard by American troops for the lives of ordinary people.

"I felt we were risking so much for people who seemed unwilling to cooperate with us, leading to frustration and hatred on both sides," he said. "I began to become depressed at the situation we found ourselves mired in year after year. In attempting counterinsurgency operations, we became obsessed with capturing and killing human targets on lists."

He added: "I wanted the public to know that not everyone living in Iraq were targets to be neutralized."

Manning admitted sending hundreds of thousands of Iraq and Afghanistan battlefield reports, State Department diplomatic cables, other classified records and two battlefield video clips to WikiLeaks in 2009 and 2010 while working as an intelligence analyst in Baghdad.

The battlefield reports were the first documents Manning decided to leak. He said he sent them to WikiLeaks after contacting The Washington Post and The New York Times. He said he felt a reporter at the Post didn't take him seriously, and a message he left for news tips at the Times was not returned.

In a statement, WikiLeaks founder Julian Assange, holed up in the Ecuadorean Embassy in London to avoid extradition to Sweden to face sex-related charges, called the Times "cowards."

"The only safe way to get these cowards to publish anything is to get WikiLeaks to publish it first," Assange said.

Manning said he was appalled by a 2007 combat video of an aerial assault by a U.S. helicopter that killed 11 men, including a Reuters news photographer and his driver. The Pentagon concluded the troops mistook the camera equipment for weapons.

"The most alarming aspect of the video to me was the seemingly delightful bloodlust the aerial weapons team happened to have," Manning said, adding that the soldiers' actions "seemed similar to a child torturing ants with a magnifying glass."

As for the sensitive State Department cables, he said they "documented backdoor deals and criminality that didn't reflect the so-called leader of the free world."

"I thought these cables were a prime example of the need for a more open diplomacy," Manning said. "I believed that these cables would not damage the United States. However, I believed these cables would be embarrassing."

Manning said when he was on leave, he visited his boyfriend in the Boston area and said he asked him hypothetical questions about how to go about sharing the information he had. He said his boyfriend didn't really understand what he was talking about and that their relationship grew distant.

The Obama administration has said releasing the information threatened valuable military and diplomatic sources and strained America's relations with other governments. The administration has aggressively pursued individuals accused of leaking classified material, and Manning's is the highest-profile case.

Manning has been embraced by some left-leaning activists as a whistle-blowing hero whose actions exposed war crimes and helped trigger the Middle Eastern pro-democracy uprisings known as the Arab Spring in 2010.

In his statement, Assange called Manning "America's foremost political prisoner."

"Today's events confirm that," said Assange. "Both the U.N. and the U.S. military have formally found him to have been mistreated. All those involved in the persecution of Bradley Manning will find cause to reflect on their actions."

WikiLeaks did not immediately return a text message for comment on Manning's statement. The group has been careful never to confirm or deny whether he was the source of the documents it has posted online.

On its Twitter feed Thursday, WikiLeaks called Manning an "alleged source" and noted that he was detailing "what he says" were his dealings with the online organization.

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Obama Admin to Court: End Calif. Gay Marriage Ban

Solicitor General Donald B. Verrilli, plans to file a brief today with the Supreme Court in favor of challengers of Prop. 8, according to an administration source.

It would mark the first time that the Obama administration has come out in court against the California ballot initiative that defines marriage as between one man and one woman.

As far back as 2008, the president said that he thought Prop 8 was "divisive and discriminatory," but his Justice Department has never opined on its constitutionality. Because the DOJ is not a party to the case, it is not required to file a "friend of the court" brief, but the deadlines for briefs supporting the challengers to Prop 8 is tonight at midnight.

Justin Sullivan/Getty Images

Theodore Olson, one of the lead lawyers challenging Prop 8, told reporters last week that he hoped the DOJ lawyers would take the opportunity to set down a legal position.

In Depth: Obama's Prop 8 Decision

"However," Olson added, "whether they do or not, the president of the United States made it very clear in his inaugural address that we cannot rest in America until all civilians have equal rights under the law so, in a sense, the president has made that statement already."

Today, 39 states have laws restricting marriage to opposite-sex couples. This number includes voter-approved constitutional amendments in 30 states barring same sex marriage. Nine states allow gay marriage.

Related: Eric Holder Says Gay Marriage is the Next Civil Rights Issue

Related: Republican Moderates Join Legal Fight for Gay Marriage

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Italy left on financial high-wire

Prime Minister Silvio Berlusconi delivers a speech during a campaign rally in Rome on January 25, 2013.

STORY HIGHLIGHTS

• Brilliant minds are still trying to figure out the financial impact of Italy's election


• The lack of certainty is seen as a negative for Italy -- and the eurozone


• Instability could reignite the eurozone crisis


• But it depends on what deal will be done, and how the markets will respond

Editor's note: Louise Cooper is a financial blogger and commentator who regularly appears on television, radio and in print. She started her career at Goldman Sachs as a European equity institutional sales person and then become a financial and business journalist. She now writes CooperCity.

London (CNN) -- Brilliant minds across the financial world are still trying to work out the implications of the Italian election result.

For the time being, the best answer is that it is probably too soon to tell. After Tuesday's falls, a little stability has returned to markets, possibly because everyone is still trying to work out what to think.

Credit ratings agency Moody's has warned the election result is negative for Italy -- and also negative for other indebted eurozone states. It fears political uncertainty will continue and warns of a "deterioration in the country's economic prospects or difficulties in implementing reform," the agency said.

For the rest of the eurozone, the result risks "reigniting the euro debt crisis." Madrid must be looking to Italy with trepidation. If investors decide that Italy is looking risky again and back off from buying its debt, then Spain will be drawn into the firing line too.

Can the anti-Berlusconi save Italy?

Louise Cooper, of Cooper City

Standard & Poor's stated that Italy's rating was not immediately affected by the election but I think the key part of that sentence is "not immediately."

At the same time Herman Van Rompuy's tweets give an indication of the view from Brussels: "We must respect the outcome of democratic elections in Italy," his feed noted.

Really? That's a first. The democratically elected Silvio Berlusconi was forced out when he failed to follow through with austerity after the European Central Bank helped Italy by buying its debt in autumn 2011.

"It is now up to Italian political leaders to assume responsibility, compromise and form a stable government," Van Rompuy tweeted.

Did he see the results? The newcomer and anti-establishment comedian Beppe Grillo refuses to do a deal and yet he is the natural kingmaker, polling at 25%.

"Nor for Italy is there a real alternative to continuing fiscal consolidations and reforms," he continued.

Economically yes, but the Italian electorate disagree. And for the time being, Italy has a democracy (of sorts).

Finally: "I am confident that Italy will remain a stable member of the eurozone."

He hopes...

The key to whether the crisis reignites is whether investors begin to back away from lending to Italy. If so, this will be the big test of the ECB's resolve to save the euro.

Read more: Euro crisis coverage

The key thing to look at is Italian bonds, because if borrowing costs rise from 4.8% for 10-year money currently to nearer 6%, then Italy will start to find it too expensive to borrow.

The trillion euro question is if the ECB will step in to help even if it cannot get the reforms and austerity it demands (because of the political situation). That is the crux of the matter. And there will be many in the city today pondering that question.

Clearly in financial markets, taking on a central bank is a dangerous thing to do. Soros may have broken the Bank of England on Black Wednesday 1992, making billions by forcing sterling out of the EMU, but that was a long time ago.

Italy avoids panic at bond auction

What we have learnt from this crisis is not to "fight the Fed" (or the ECB). Last summer, the ECB's chief Mario Draghi put a line in the sand with his "whatever it takes" (to save the euro) speech.

But as part of that commitment he stressed time and time again that any new help from the ECB comes with conditions attached. And those conditions are what have proven so unpalatable to the Italians -- austerity and reform.

So we have two implacable objects hurtling towards each other. The political mess of Italy and the electorate's dislike of austerity and reform (incumbent technocrat Mario Monti only polled 10%).

So what happens next? The status quo can continue if Italian borrowing costs do not rise from here and therefore Italy does not need ECB help.

If markets continue to believe in Draghi and Brussels that the euro is "irreversible," then investors will continue to lend to Italy. Yes, markets will be jittery and fearful, but Italy will eventually sort itself out politically.

The big advantage for Italy is although it has a lot of debt, it is not creating debt quickly (like Greece, Spain or even the UK). And as I said yesterday on my CooperCity blog, the positive outcome from all this could be that Brussels backs off from austerity, which would be a good thing.

However, the basic rule of finance is that high risk comes with high return. Soros took a huge gamble against the British central bank but it reportedly made him a billionaire overnight.

There must be a few hedge funders looking at the Italian situation with similar greed in their eyes. If he wants to save the euro, it is time for Mario Draghi to put the fear of God back into such hearts.

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AIM not bidding for PAP town councils' tender

SINGAPORE: Action Information Management (AIM), which runs the People's Action Party (PAP) town councils' computer systems, will no longer operate the systems when its contract expires on April 30. It said on Wednesday that it will not participate in the latest tender exercise.

The arrangement between AIM, a company fully owned by the PAP, and the PAP town councils had caused controversy even though both parties had explained that the process by which the open tender was awarded to AIM was above board.

AIM Chairman S Chandra Das said: "Given that AIM had helped prepare the tender documents, it decided not to participate in the tender."

When contacted, Dr Teo Ho Pin, who is the Coordinating Chairman of the PAP town councils, confirmed the news: "AIM should not bid for this tender as they are involved in the tender specification preparation."

Dr Teo declined to reveal how many parties had collected the tender documents "as tendering is in progress".

In media reports last week, Mr Das declined to say whether AIM had - or would - bid for the tender, which was put up by the PAP town councils on February 4 and will close on Monday. Dr Teo had also said the latest tender was for developing a new town council management system. The previous tender - which was won by AIM in 2010 - was to sell and lease back computer software to the PAP town councils.

The saga began on December 14 after Aljunied-Hougang Town Council (AHTC) Chairman Sylvia Lim explained the town council's less-than-stellar performance in a management report.

Ms Lim, part of the Workers' Party team which took over management of the town council after the General Election in 2011, blamed the AHTC's poor performance on the need to develop new IT systems within two months of the PAP-owned AIM terminating its contract last August.

Her explanation was followed by a series of statements by the AHTC and AIM. Among other things, questions were raised about the termination of the contract and the fact that AIM won a tender to manage the computer systems used by the town councils.

Last month, Prime Minister Lee Hsien Loong announced that the Ministry of National Development will review the transaction. Among other things, the review will re-examine the fundamental nature of town councils, after much public debate about whether the town councils are public institutions or political organisations.

- TODAY

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Newtown father's emotional plea to Congress

During emotional testimony before the Senate Judiciary Committee today, the father of a first grader slain at Sandy Hook Elementary School fought back tears as he stressed the need to ban weapons like the assault rifle that a gunman used to kill his son, 19 other children, and 6 educators in Newtown, Conn.

Neil Heslin described how his son Jesse "was brutally murdered at Sandy Hook school on December 14, 20 minutes after I dropped him off."

"He said 'It's all going to be OK'," Heslin recalled his son saying as he was dropped off at school. "And it wasn't OK."

"Jesse was the love of my life. He was the only family I have left. It's hard for me to be here today, talking about my deceased son," Heslin said. But he added, "I have to. I'm his voice. I'm not here for the sympathy...I'm here to speak up for my son."

"There's many changes that have to happen to make a change effective," he continued. "Mental health issues, better background checks, bans on these weapons, bans on high capacity magazines - they all have to come together and they all have to work effectively...common sense tells you that."

The hearing was convened to discuss a bill from Sen. Dianne Feinstein, D-Calif., which would ban military style semiautomatic weapons like the Bushmaster rifle that was used to commit the massacre at Sandy Hook. The bill would also ban the manufacture and sale of ammunition magazines in excess of 10 bullets.

Feinstein, who sponsored the original assault weapons ban that passed Congress in 1994 and lapsed in 2004, said that "The need for a federal ban" on these assault weapons "has never been greater."

The committee's ranking Republican, Sen. Charles Grassley of Iowa, extended his condolences to the victims of gun violence in the audience but voiced skepticism about the prospect of enacting new gun laws when, in his view, existing gun laws are not even being properly enforced.

The assault weapons ban is perhaps the most controversial among a raft of proposals to reduce gun violence floated by President Obama in the wake of the massacre at Sandy Hook. Another key propsoal would strengthen and expand the background check system for gun purchasers.

Opponents of gun control argue that many of the proposals would be an unconstitutional infringement on the Second Amendment's guarantee of a right to bear arms. Many also argue that the proposals would be an ineffective deterrent of gun violence.

Supporters of gun control argue that the right to bear arms is not absolute and has previously been legally abridged in a variety of ways. They further point to the dramatically decreased incidence of gun violence in countries whose firearm restrictions are more stringent than our own.

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