Tag Archives: Kassandra

Poland becoming transit destination country for human trafficking – UN expert

29 May 2009Poland’s accession to both the European Union (EU) and the Schengen zone has transformed it into both a transit and destination country for human trafficking, a United Nations independent expert said today, noting that the Eastern European nation has made progress in fighting the scourge. Poland’s accession to both the European Union (EU) and the Schengen zone has transformed it into both a transit and destination country for human trafficking, a United Nations independent expert said today, noting that the Eastern European nation has made progress in fighting the scourge.The scale of trafficking was already serious in Poland, but has become aggravated in the past five years due to joining the EU and the Schengen zone, Joy Ngozi, the Special Rapporteur on Trafficking in Persons, said, wrapping up a six-day visit to the country.“The endemic forms of trafficking include, but are not limited to, trafficking for labour exploitation, for prostitution and other forms of sexual exploitation,” she said.According to information provided by both the Government and by non-governmental organizations (NGOs), the number of trafficking cases is on the rise.Poland has ratified key international and human rights treaties, including the Protocol on Trafficking in Persons to the 2000 UN Convention against Transnational Organized Crime (Palermo Protocol), under which States are required to take action to ensure the protection of trafficking victims, prevent trafficking and bring traffickers to justice.Ms. Ngozi said that the Government has taken steps in combating the scourge through cooperation with neighbouring countries. It has amended its Criminal Code to punish perpetrators of trafficking and has a law on domestic violence in place.Further, Poland has a comprehensive law on trafficking in human organs and tissue, “which is very forward-looking and has been enacted and is indeed a welcome development as we must ensure that all forms of trafficking are criminalized,” she added.But the Rapporteur, who reports to the Geneva-based UN Human Rights Council in an independent and unpaid capacity, noted that there are other steps the country must take to effectively address human trafficking.Poland lacks a clear definition of trafficking in its criminal law, labour exploitation is on the rise and availability and access to help for trafficking victims is limited, she said.Additionally, judicial proceedings for trafficking cases are unduly long, lasting two years on average. “Thus, efforts should be made by the Ministry of Justice and the Judiciary to shorten the period and provide early case closure that will bring succour to victims and reduce trauma suffered, while redirecting focus to victims’ full reintegration and rehabilitation,” she noted. read more

SP 500 in correction territory

Losses were deepening on the Toronto stock market as investors grappled with discouraging economic data from around the globe and increasing concerns about a global recession.The S&P/TSX composite index fell 88.67 points to 11,272.53 after briefly starting the day higher.On Wall Street, the Dow Jones industrial average dropped 34 points to 12,085. The Nasdaq composite index was down four points to 2,743 and the S&P 500 index lost five points to 1,273.A U.S. Commerce Department report said companies placed fewer orders to U.S. factories for the second straight month with orders for factory goods falling 0.6 per cent in April from March.The weakness followed a dismal session in Asia where Japan’s Nikkei 224 index fell 1.7 per cent to its lowest finish since Nov. 28.The Canadian dollar slipped 0.21 of a cent to 96.00 cents US, falling even further after finishing last week at a 5-1/2 month low.U.S. stocks retreated, sending the Standard & Poor’s 500 Index down 10 percent from this year’s peak in April, as orders to U.S. factories unexpectedly fell and data pointed to a further Chinese slowdown.Caterpillar Inc. and JPMorgan Chase & Co. lost at least 1.9 percent to pace declines among the biggest companies. The Dow Jones Transportation Average slid 1.2 percent. Facebook Inc. slumped 1.6 percent after last week’s 13 percent plunge. Chesapeake Energy Corp., the U.S. energy explorer battered by collapsing natural-gas prices and growing investor mistrust, rallied 2.3 percent as it will replace almost half its board under pressure from billionaire investor Carl Icahn.The S&P 500 fell 0.3 percent to 1,274.43 at 10:36 a.m. New York time. The Dow Jones Industrial Average lost 24.68 points, 0.2 percent, to 12,093.89. Trading in S&P 500 companies was 2.9 percent below the 30-day average at this time of day.“The data has been more pessimistic than optimistic,” said Tim Holland, portfolio manager at TAMRO Capital Partners, which oversees $1.75 billion. He spoke in a telephone interview from Alexandria, Virginia. “That obviously adds up to concern about Europe. The market is taking a very cautious tone.”Equities fell as data showed that factory orders dropped 0.6 percent in April after a revised 2.1 percent decrease in March. Economists projected a 0.2 percent gain. China’s non- manufacturing industries expanded at the slowest pace in more than a year. Chancellor Angela Merkel’s spokesman said that Spain knows where to look for aid if it’s needed, giving no ground to Prime Minister Mariano Rajoy’s pleas that Germany consider new ideas to resolve the debt crisis.The S&P 500 slumped from an almost four-year high on April 2 amid concern about a global economic slowdown and a worsening of Europe’s debt crisis. The decline trimmed this year’s gain to 1.4 percent. The Dow erased its 2012 advance on June 1 as American employers added the fewest workers in a year and reports signaled global manufacturing was slowing.Financial, industrial and commodity shares had the biggest losses among 10 groups in the S&P 500. The Morgan Stanley Cyclical Index of companies most-dependent on economic growth retreated 1.3 percent. A measure of homebuilders in S&P indexes declined 2.5 percent. Caterpillar, the world’s largest maker of construction and mining equipment, dropped 2 percent to $83.81. JPMorgan slid 1.9 percent to $31.33.Facebook slumped 1.6 percent to $27.27. The world’s biggest social network fell to a record intraday low after Sanford C. Bernstein & Co. initiated coverage with an underperform rating and a $25 target price.“It is difficult to argue for owning the stock today,” said Carlos Kirjner, an analyst at Bernstein in New York, in a research report initiating coverage today.Salesforce.com Inc. sank 2.2 percent to $128.16. It agreed to buy Buddy Media Inc. for about $745 million, its biggest purchase ever, adding marketing software to promote products on social sites including Facebook and Twitter Inc.Yum! Brands Inc., which got about 44 percent of revenue last year from stores in China, dropped 2.1 percent to $63.37. The shares were downgraded at Raymond James Financial Inc.Chesapeake Energy rallied 2.3 percent to $15.94. Four of the company’s eight non-executive directors will be replaced with nominees of the largest shareholders, Southeastern Asset Management Inc. and Icahn. Icahn triggered the overhaul by acquiring a 7.6 percent stake last month to rein in what he saw as Chairman and Chief Executive Officer Aubrey McClendon’s risk- taking and overspending that led to a $22 billion cash crunch and eroded the share price.With files from Bloomberg read more