pa_gtr_0226

1
Worthy of Western Pennsylvania $1.50 47397 22222 6 8 VOL. 124 · NO. 24 12 sections 152 pages WEATHER 42 · 30 INDEX Mostly sunny today; clear to partly cloudy tonight. Details, A14 Advice F2 Automotive H17 Books F5 Business E1 Crosswords F2, H7 Employment H1 Food F9 Living F1 Local C1 Lotteries A14 Movies F6 Obituaries C4 Opinion D1 Real Estate G1 Sports B1 Whispers D6 © 2012 VISIT US ONLINE AT: WWW.RONLEWISAUTOMOTIVE.COM 4 41 12 2- -6 65 55 5- -7 75 50 00 0 4 41 12 2- -6 65 55 5- -7 75 50 00 0 412-655-7500 **Price includes all rebates and incentives, sale price plus tax & plates. Must finance thru Ally or Chase. See dealer for details. 2012 JEEP PATRIOT SPORT 4X4 2012 JEEP WRANGLER SPORT 4X4 2012 DODGE RAM 1500 ST REG CAB 4X2 #V2203, 2.0 4 CYL, 5 SPEED MANUAL TRANSMISSION, AM/FM CD, AND MUCH MORE $ 16,990 ** #H2235, 3.7 V6, AUTOMATIC, AIR CONDITIONING, ST VALUE PKG, AND MUCH MORE WAS $22,470 #V2259, 3.6 V6, 6 SPEED MANUAL TRANSMISSION, AM/FM CD PLAYER, AND MUCH MORE WAS $22,845 NOW ONLY NOW ONLY $ 20,779 ** $ 16,999 ** adno=5158103 WAS $19,520 NOW ONLY WHILE IT LASTS P PL LE EA AS SA AN NT T H HI IL LL LS S PLEASANT HILLS adno=5177504 INSIDE OPINION Call their bluff » Force the “state-related” universities to privatize, says Colin McNickle. D1 FOOD Multicultural cuisine » Saigon 88 Sushi Bar and Tastes of Asia offers dishes from the culinary traditions of Vietnam, China, Japan and Thailand. F9 LIVING A diverse field » This year’s Oscar contenders cover an array of topics, ranging from race relations and the origins of life to children’s books and baseball. F1 NATION Make-or-break decision looms » The fate of President Obama’s health care law may rest with Justice Antonin Scalia. A13 FEBRUARY 26, 2012 ENTERPRISE 2012 examines our region, economy, people INSIDE LOCAL Health risks at former meth labs can last for years C1 $183 COUPONS WORTH SUNDAY SPORTS Bucs’ Burnett Burnett says he’s mellowed — but not on the mound B1 Problems ‘pandemic’ in Chinese securities Trib review finds fraud allegations, delistings that experts say could cost American investors billions of dollars BY LOU KILZER TRIBUNE-REVIEW Legal issues involving half of the Chinese companies trading on American stock exchanges could leave investors holding secu- rities paper that would be worth more as con- fetti, a Tribune-Review investigation found. Other investors in Chinese stocks are not much better off after a year of stinging allega- tions that many of the securities are rife with fraud, abuse and fictional transactions. The Trib studied more than 125 Chinese com- panies and found at least 105 on American stock markets — Nasdaq, the New York Stock Exchange, and over-the- counter — were subject to federal enforcement action or investigation, fraud lawsuits or delist- ing. The problems, which surprised regulators at the Securities and Exchange Commission, cost American investors tens of billions of dollars, experts say. “This is a problem of epic proportions,” said Dan David, vice president of GeoInvesting, a Philadelphia-area firm that tracks Chinese stocks. “It’s much larger than Bernie Madoff.” Not only are the losses far larger than the $18 billion Madoff fraud, but the number of vic- tims is incalculable. People who don’t invest in stocks could be hurt because the Chinese secu- rities wind up in many small-cap and emerging- market mutual funds or pension funds. NATO staffers in Kabul recalled Afghan security officer kills U.S. colonel, major THE WASHINGTON POST KABUL, Afghanistan — The top U.S. commander in Afghanistan on Saturday recalled all NATO personnel working in Afghan min- istries in the Kabul area — a bold and potentially divisive response to the deaths of two American service members by an Afghan security offi- cial in the country’s fortified Interior Ministry earlier in the day. Marine Corps Gen. John Allen’s directive was issued five days after U.S. military personnel burned a pile of Qurans at the largest mili- tary base in Afghanistan in an apparently inadvertent act that set off violent ANDREW RUSSELL | TRIBUNE-REVIEW Aragon, a graduate of California-based Canine Companions for Independence, maintains a vigil during a funeral in Turner Funeral Home in Ellwood City. “Aragon won’t get rid of the pain, but he helps (mourners) cope a little better,” said Pam Turner, Aragon’s handler. LOVE HEELS BY CHRIS TOGNERI | TRIBUNE-REVIEW California nonprofit’s service dogs provide aid for disabled, support for wounded, those in mourning I nside a Butler funeral home, a Golden retriever/Labrador mix named O’Shea greets mourners with a basket of mints hanging from her mouth. In Mt. Lebanon, a 13-year-old boy with cerebral palsy drops his pencil while doing homework. Napping at his feet, Inga jumps to action. She fetches the pencil, walks over to the boy and places her front paws on his lap, raising up to return the lost pen- cil. And in VA Hospitals around the region, wide-eyed Soloman visits wounded soldiers and demonstrates his skills by pulling and pushing their wheelchairs, turning lights on and off, and fetching drinks from the refrigerator. All are products of Canine Com- panions for Independence, an organ- ization that teams specially-trained dogs with disabled people, helping them reach a level of self-reliance that might otherwise be unattain- able, or offering emotional support to people in various facilities. Though the nonprofit is based in California, its work touches people throughout Western Pennsylvania. “They change lives,” said Carolyn Hrach of Franklin Park, vice presi- dent of CCI’s North Central Regional Board. “I’ll never stop doing this.” Online » For more information about Canine Companions for Independence, visit www.cci.o www.cci.org » To view a video of how the dogs interact with their trainers and handlers, as well as scenes from their graduation ceremony, visit www.tr tribliv iblive.com .com. SERVICE DOGS · A6 CHINA · A8 To view a list of the 105 Chinese companies where the Trib has found problems, visit www. www.tr tribliv iblive.com .com. U.S., Israel expected to be targets of trial Conspiracy alleged as pro-democracy groups face Egyptian court BY BETSY HIEL TRIBUNE-REVIEW CAIRO — As the head of a group advocating for inde- pendent Egyptian courts, lawyer Nasser Amin expected to become embroiled in Egypt’s crack- down on nongovernmental organizations, or NGOs. He expected to be called in for questioning. He didn’t expect a full- scale military raid. “They blocked off the entire street with army bar- ricades,” Amin recalls of December raids on the offices of two Egyptian and five foreign NGOs. “There were commandos,” whom he described as “the most violent” of Egypt’s military units. Three prosecutors, sur- rounded by soldiers, ran- sacked his office for five hours. They left with eight computers and boxes of files, sealing the door behind them. Amin, a human rights activist for 15 years, said he sees the raids as a continu- ation of the battle against political change waged by Hosni Mubarak, the presi- dent ousted a year ago in a national uprising. Trials for 43 Egyptian and foreign pro-democracy workers, charged after REUTERS Suicide vehicle A police trooper transports the wreckage of a suicide car bomb on Saturday from the southern Yemen city of Mukalla. The attack killed at least 25 people. Story, A3 Snow squalls blamed in multi-vehicle crashes on Interstates 79, 80 BY ANDREW CONTE AND RICK WILLS TRIBUNE-REVIEW Sudden bursts of snow cre- ated whiteout conditions on Western Pennsylvania high- ways Saturday afternoon, causing accidents involving more than 80 vehicles and killing three people, emer- gency officials said. About 50 to 70 cars, trac- tor-trailers and sport utility vehicles were involved in multiple crashes shortly after 3 p.m. on a nine-mile stretch of Interstate 80 in Venango County between Barkeyville and Scrubgrass Township, east of Interstate 79, state police said. BUSINESS Collaborative care » Policy changes and financial necessity push doctors and health systems to link up. E1 EGYPT · A6 3 killed inW.Pa. pileups PILEUPS · A8 AFGHANISTAN · A8

Upload: crystal-turner

Post on 23-Jan-2018

106 views

Category:

Documents


2 download

TRANSCRIPT

Page 1: PA_GTR_0226

Worthy ofWesternPennsylvania

$1.50

47397 222226 8

VOL. 124 · NO. 2412 sections152 pages

WEATHER 42 · 30 INDEXMostly sunny today; clear

to partly cloudy tonight.Details, A14

Advice F2Automotive H17Books F5Business E1

Crosswords F2,H7Employment H1Food F9Living F1

Local C1Lotteries A14Movies F6Obituaries C4

Opinion D1Real Estate G1Sports B1Whispers D6

© 2012

VISIT US ONLINE AT:WWW.RONLEWISAUTOMOTIVE.COM

441122--665555--77550000441122--665555--77550000412-655-7500**Price includes all rebates and incentives, sale price plus tax & plates. Must finance thru Ally or Chase. See dealer for details.

2012 JEEP

PATRIOT SPORT 4X42012 JEEP

WRANGLER SPORT 4X42012 DODGE RAM

1500 ST REG CAB 4X2#V2203, 2.0 4 CYL, 5 SPEED MANUAL

TRANSMISSION, AM/FM CD,AND MUCH MORE

$16,990**

#H2235, 3.7 V6, AUTOMATIC, AIR CONDITIONING,ST VALUE PKG, AND MUCH MORE

WAS $22,470

#V2259, 3.6 V6, 6 SPEED MANUALTRANSMISSION, AM/FM CD PLAYER,

AND MUCH MORE

WAS $22,845NOW ONLY NOW ONLY

$20,779** $16,999**

adno

=515

8103

WAS $19,520NOW ONLY

WHILE IT LASTS

PPLLEEAASSAANNTT HHIILLLLSSPLEASANT HILLS

adno=5177504

INSIDEOPINION

Call their bluff» Force the“state-related”universities toprivatize, says ColinMcNickle. D1

FOOD

Multicultural cuisine» Saigon 88 Sushi Bar andTastes of Asia offers dishesfrom the culinary traditions ofVietnam, China, Japan andThailand. F9

LIVING

Adiverse field» This year’s Oscar contenderscover an array of topics, rangingfrom race relations and the

origins of life to children’sbooks and baseball. F1

NATION

Make-or-breakdecision looms» The fate of PresidentObama’s health care lawmay rest with JusticeAntonin Scalia. A13

FEBRUARY26, 2012ENTERPRISE 2012 examines ourregion, economy, people INSIDE

LOCAL Health risks at formermeth labs can last for years C1

$183COUPONSWORTH

SUNDAYSPORTS Bucs’

BurnettBurnett says he’smellowed — but not

on the mound B1

Problems‘pandemic’inChinesesecuritiesTrib review finds fraudallegations,delistings that experts saycouldcostAmerican investorsbillionsofdollarsBY LOU KILZERTRIBUNE-REVIEW

Legal issues involving half of the Chinesecompanies trading on American stockexchanges could leave investors holding secu-rities paper that would be worth more as con-fetti, a Tribune-Review investigation found.Other investors in Chinese stocks are not

much better off after a year of stinging allega-tions that many of the securities are rife withfraud, abuse and fictional transactions.The Trib studiedmore than 125 Chinese com-

panies and found at least 105 onAmerican stockmarkets — Nasdaq, theNew York StockExchange, and over-the-counter — were subjectto federal enforcementaction or investigation,fraud lawsuits or delist-ing.The problems, which

surprised regulators atthe Securities and Exchange Commission, costAmerican investors tens of billions of dollars,experts say.“This is a problem of epic proportions,” said

Dan David, vice president of GeoInvesting, aPhiladelphia-area firm that tracks Chinesestocks. “It’s much larger than Bernie Madoff.”Not only are the losses far larger than the

$18 billionMadoff fraud, but the number of vic-tims is incalculable. People who don’t invest instocks could be hurt because the Chinese secu-ritieswindup inmany small-cap and emerging-market mutual funds or pension funds.

NATOstaffersinKabulrecalledAfghansecurityofficerkillsU.S.colonel,majorTHE WASHINGTON POST

KABUL, Afghanistan —The top U.S. commander inAfghanistan on SaturdayrecalledallNATOpersonnelworking in Afghan min-istries in theKabul area—aboldandpotentiallydivisiveresponse to thedeathsof twoAmerican service membersby an Afghan security offi-cial in the country’s fortifiedInterior Ministry earlier inthe day.Marine Corps Gen. John

Allen’s directive was issuedfive days after U.S. militarypersonnel burned a pile ofQurans at the largest mili-tary base in Afghanistan inan apparently inadvertentact that set off violent

ANDREW RUSSELL | TRIBUNE-REVIEW

Aragon, a graduate of California-based Canine Companions for Independence, maintains a vigilduring a funeral in Turner Funeral Home in Ellwood City. “Aragon won’t get rid of the pain, but hehelps (mourners) cope a little better,” said Pam Turner, Aragon’s handler.

LOVEHEELSBY CHRIS TOGNERI | TRIBUNE-REVIEW

Californianonprofit’s servicedogsprovideaidfordisabled, support forwounded, those inmourning

Inside a Butler funeral home, aGolden retriever/Labradormixnamed O’Shea greets mournerswith a basket of mints hanging

from her mouth.In Mt. Lebanon, a 13-year-old boy

with cerebral palsy drops his pencilwhile doing homework. Napping athis feet, Inga jumps to action. Shefetches the pencil, walks over to theboy and places her front paws on hislap, raising up to return the lost pen-cil.And in VA Hospitals around the

region, wide-eyed Soloman visitswounded soldiers and demonstrateshis skills by pulling and pushingtheirwheelchairs, turning lights onand off, and fetching drinks from

the refrigerator.All are products of Canine Com-

panions for Independence, an organ-ization that teams specially-traineddogs with disabled people, helpingthem reach a level of self-reliancethat might otherwise be unattain-able, or offering emotional supportto people in various facilities.Though the nonprofit is based in

California, its work touches peoplethroughout Western Pennsylvania.“They change lives,” said Carolyn

Hrach of Franklin Park, vice presi-dent of CCI’s North CentralRegional Board. “I’ll never stopdoing this.”

Online»» For moreinformationabout CanineCompanions forIndependence,visit www.cci.owww.cci.orrgg

»» To view a videoof how the dogsinteract withtheir trainers andhandlers, as wellas scenes fromtheir graduationceremony, visitwww.trtribliviblivee.com.com.

SERVICE DOGS · A6 CHINA · A8

To view a listof the 105 Chinesecompanies wherethe Trib has foundproblems, visitwww.www.trtribliviblivee.com.com.

U.S., Israel expected to be targets of trialConspiracyallegedaspro-democracygroupsfaceEgyptiancourtBY BETSY HIELTRIBUNE-REVIEW

CAIRO—As the head of agroup advocating for inde-pendent Egyptian courts,lawyer Nasser Aminexpected to becomeembroiled in Egypt’s crack-down on nongovernmentalorganizations, or NGOs.

He expected to be called infor questioning.He didn’t expect a full-

scale military raid.“They blocked off the

entire street with army bar-ricades,” Amin recalls ofDecember raids on theoffices of two Egyptian andfive foreign NGOs. “Therewere commandos,” whomhe described as “the mostviolent” of Egypt’s militaryunits.Three prosecutors, sur-

rounded by soldiers, ran-sacked his office for five

hours. They left with eightcomputers and boxes offiles, sealing the doorbehind them.Amin, a human rights

activist for 15 years, said hesees the raids as a continu-ation of the battle againstpolitical change waged byHosni Mubarak, the presi-dent ousted a year ago in anational uprising.Trials for 43 Egyptian and

foreign pro-democracyworkers, charged after

REUTERS

Suicide vehicleA police trooper transports the wreckage of a suicide carbomb on Saturday from the southern Yemen city ofMukalla. The attack killed at least 25 people. Story, A3

Snowsqualls blamedinmulti-vehiclecrashesonInterstates79,80BY ANDREW CONTEAND RICK WILLSTRIBUNE-REVIEW

Suddenbursts of snowcre-ated whiteout conditions onWesternPennsylvaniahigh-ways Saturday afternoon,causing accidents involvingmore than 80 vehicles andkilling three people, emer-gency officials said.About 50 to 70 cars, trac-

tor-trailers and sport utilityvehicles were involved inmultiple crashes shortlyafter 3 p.m. on a nine-milestretch of Interstate 80 inVenango County betweenBarkeyville and ScrubgrassTownship, east of Interstate79, state police said.

BUSINESS

Collaborative care» Policy changes andfinancial necessity pushdoctors and healthsystems to link up. E1

EGYPT · A6

3killedinW.Pa.pileups

PILEUPS · A8

AFGHANISTAN · A8