North
Korea closing nuclear reactor for aid
North Korea is allowing international inspectors inside its borders in
exchange for fuel aid. It is also starting to dismantle its nuclear weapons
program. This is the first progress made by negotiators in more than three
years of six-nation talks.
Some are pleased with
how the deal has been going so far. "Obviously we have a long way to go, but
we're very pleased with this agreement," said U.S. assistant secretary of
State Christopher Hill. "It's a very solid step forward."
But some
politicians in Washington believe that the U.S. has conceded too much. With this plan in
motion, North Korea needs to freeze and seal the five megawatt reactor at Yongbyon and allow inspections by officials from the International Atomic
Energy Agency and make an inventory of all nuclear programs within 60 days.
In return, the country would get 50,000 tons of heavy fuel oil or economic
aid of equal value and the U.S. would eliminate North Korea from its list of
state sponsors of terrorism. After all inspections finish, foreign ministers from China, South Korea, Japan and Russia
would decide if North Korea was entitled to another 950,000
tons of oil, or
$290 million in aid. South Korea also promises 2,000 megawatts of
electricity if the country shuts down its nuclear programs.
|
Gamblers
trying to find a way
around U.S.
online ban
The 2006
Unlawful Internet Gambling and Enforcement Act was created to
stop internet gambling across the county, but it looks like the
loyal U.S. customers are finding a way around it.
The act prohibits banks from processing transaction for
online gambling operators, which means people cannot use their
basic checking and credit card accounts to deposit money in
sites such as PartyPoker.net or Bodog.com.
Such online sites either left or were already based out
of the country. The leading transaction processor, Neteller,
has left the U.S. market as well. The biggest problem the
law caused for the sites was that they had to find other ways
to get money from their millions of customers.
Online gambling is a $10.6 billion market, with
two-thirds of its customers from the United States.
The act was intended to put a dent in these figures,
but
major gambling sites are actually growing. FullTiltPoker had a 42
percent increase while membership in Bodog.com rose by 43,000.
Without the use of basic credit and debt cards or
Neteller the customers are using Instant eChecks and ePassporte
to process the transactions, which has caused the
steady pace for gambling.
|