Tuesday, January 31, 2012

Video: Costa Concordia removal could take a year

Rough seas around the cruise ship Costa Concordia, stopped efforts to find the missing, and remove the fuel. A setback, as the ship continues to sink, in conditions too dangerous for divers. For survivors-- they're still coming to terms with their emotions, what they lost on board-- and whether the company's offer of compensation, is enough. NBC?s Michelle Kosinski reports.

Source: http://video.msnbc.msn.com/nightly-news/46193473/

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Oil prices dip below $99 a barrel (AP)

NEW YORK ? Oil prices ended lower Monday on concerns that the U.S. economy could slow, and investors' worries eased about supply disruptions in the Persian Gulf.

Benchmark crude fell by 78 cents to finish at $98.78 per barrel in New York on Monday. Brent crude, which is used to price foreign oils that are imported by U.S. refineries, lost 71 cents to end at $110.75 per barrel in London.

The Commerce Department said Americans kept a tighter grip on their wallets in December. Consumer spending was flat, even though incomes rose by the most in nine months. The economy relies heavily on consumer spending, and analysts say the economic recovery could stall and energy demand may stay weak if spending doesn't pick up.

Meanwhile, Iran welcomed international weapons experts into the country in hopes of refuting claims that it is building a nuclear weapon. That eased concerns about possible military action in the region. Still, Europe plans to embargo Iranian oil this summer to pressure Iran about its nuclear program. If that happens, Iran says it could retaliate by blocking passage through the Persian Gulf, where tankers carry one-sixth of the world's oil exports.

The U.S. is ready to implement sanctions on Iran's central bank that will make it harder for Iran to sell oil.

Gasoline pump prices rose by a penny on Monday to $3.43 per gallon, according to AAA, Wright Express and Oil Price Information Service. A gallon of regular is 15.3 cents higher than it was a month ago and 33 cents higher than it was last year.

In other energy trading, heating oil fell 2 cents to finish at $3.05 per gallon and gasoline futures fell 6 cents to end at $2.87 per gallon. Natural gas futures fell 4 cents to end the day at $2.71 per 1,000 cubic feet.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20120130/ap_on_bi_ge/oil_prices

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Monday, January 30, 2012

Deadline nears for "Occupy" camps near White House (Reuters)

WASHINGTON (Reuters) ? Anti-Wall Street protesters in the nation's capital face their first challenge from police on Monday as authorities seek to end overnight camping at two parks within sight of the White House.

The U.S. National Park Service said last week it would enforce a ban at noon against sleeping in McPherson Square and Freedom Plaza, where "Occupy" protesters have been staked out since October.

It ordered sleeping bags, pillows and other gear removed but said tents may remain as a protest symbol if flaps stayed open.

Fears of clashes mounted after police used a stun gun Sunday on one protester, who was later arrested. The deadline in Washington follows a new burst of unrest at "Occupy" protests in Oakland, California, over the weekend.

On Monday, about 10 police officers did a walk-through in both parks before the deadline. Some protesters had already complied with the order to move their sleeping gear, but it remained unclear whether all would do so by the noon deadline.

"Some said they would resist. Some said they won't take their stuff out of the tents, and some will," protester Feriha Kaya, 23, said in Freedom Plaza. "It will not stop anything."

At McPherson Square, participants were turning their tents and sleeping bags into symbols of protest using donated art supplies. One tent read, "We're still here." A sign on a bench read "Eviction?? Bring it!!"

In "Occupy" demonstrations that began in New York City in September and spread across the United States, protesters have targeted the growing income gap, corporate greed and what they see as unfair tax structure favoring the richest 1 percent of Americans. Protesters in Washington also cite the city's thousands of homeless people, some of whom sleep in the park.

The U.S. capital, site of historic demonstrations over the decades, had so far done little to deter the protesters, drawing a rebuke from congressional Republicans who accuse the Obama administration of sympathizing with the groups and refusing to enforce park rules - a charge denied by park officials.

The National Park Service regulates both parks and forbids camping on federal land not designated as a campground.

The protests have also has irked some city officials who are concerned about rats, trash and health issues.

Fitzgerald Scott, 40, who was putting up a tent in Freedom Plaza despite the order, said Friday's order came as a shock. "It flustered people, it got them scared," he said.

CALLS FOR REINFORCEMENTS

Protesters in McPherson Square said they were expecting reinforcements from New York, Boston, Philadelphia and other cities to show solidarity. The number of protesters in the Occupy DC camps fluctuate, but city officials estimate there are less than 100 in total.

Obama has seized on the debate to call for higher taxes on the richest Americans and has made economic inequality a central theme of his administration and bid for re-election.

The Occupy protests had faded over the last few weeks but flared anew on Saturday when violence broke out in Oakland, California and 400 demonstrators were arrested during a night of skirmishes with police. Oakland has become a flashpoint of the protests and the arrests there were one of the largest mass detentions since the movement began.

"It's injected solidarity and new energy. It's also injected a little bit of unease because we're not sure what the Park Police are going to do and I don't know if they're sure of what we're going to do," said protester Rusty Shackleford, 25.

"Nobody knows who's going to make the first move."

(Writing by Susan Heavey and Barbara Goldberg; Editing by Doina Chiacu and Ross Colvin)

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/nm/20120130/us_nm/us_usa_protests_washington

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Voight: Obama Taking "Us to Socialism" (TIME)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/192684099?client_source=feed&format=rss

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Sunday, January 29, 2012

US Sen. Brown releases military service record (AP)

BOSTON ? U.S. Sen. Scott Brown released his military service record Saturday documenting the more than three decades he has served in the Army National Guard.

The records include his promotions, awards and officer evaluation reports, which offer high praise of Brown's service during the Massachusetts Republican's years in the military.

An officer evaluation report from 1985 was typical, describing Brown as "a young and aggressive officer."

"He is self-motivated and learns very fast. He has the potential to be promoted to a position with greater responsibilities," the report said.

Brown, a member of the Armed Services Committee, is facing a tough re-election campaign.

His office said the documents show the reason he was passed up for a Guard promotion to lieutenant colonel in the Judge Advocate General Corps in 2003 and 2004 was due to a missing document in his file.

Brown's office described the failure to include the document ? which showed that he had completed the necessary Command and General Staff Office Course ? as an administrative oversight. They noted that after Brown appealed to show that he had completed the required military education, he received the promotion in 2006.

The same oversight caused the Army National Guard to place Brown into the Retired Reserve from July 2005 through December 2005, his office said.

Brown first enlisted in the Massachusetts Army National Guard in 1979.

"I am proud of my 32 years of service in the Army National Guard," he said in a statement accompanying the documents. "The Guard has profoundly impacted my life, and I credit those I have served with for inspiring me to be a better man, and a better servant of my country."

The documents did not include Brown's military medical records, which he said he plans to release when the military provides a copy.

Brown's office said he has never requested a transfer during his military service and that every transfer he received was ordered by the Massachusetts National Guard Adjutant General.

The awards Brown received include a Meritorious Service Medal, an Army Commendation Medal, an Army Achievement Medal and Army Parachutist Badge.

Brown, who also serves on the Senate Homeland Security and Veterans Affairs committees, has said his service in the military has helped inform his work as an elected official.

He pointed to a recent proposal he sponsored that he said was designed to protect housing benefits for National Guard members deployed overseas.

Brown recently hosted a field hearing of the U.S. Senate Committee of Veterans Affairs to address what he said was the unprecedented claims backlog at the Department of Veterans Affairs, and the difficulty that returning veterans face as they try to enter to the workforce.

Last August, Brown participated in a weeklong training session in Afghanistan, spending most of his time in Kabul, where he lived, ate and trained with other troops, according to his office. It was his first time serving in a combat zone.

He was a key vote to end the so-called "don't ask, don't tell" policy that had prevented gay soldiers from serving openly in the military.

Brown won a special election in 2010 to fill the seat held for nearly half a century by Democratic Sen. Edward Kennedy until his death from brain cancer.

His chief Democratic rival this year is Harvard professor and consumer advocate Elizabeth Warren. Polls show the two locked in a tight race.

The two recently signed an agreement designed to discourage outside, third-party groups from running attack ads in the race, which could end up being the most expensive campaign in Massachusetts history.

Source: http://us.rd.yahoo.com/dailynews/rss/uscongress/*http%3A//news.yahoo.com/s/ap/20120129/ap_on_el_se/us_massachusetts_senate_brown

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Arab League observers see spike in Syrian violence (AP)

CAIRO ? The head of the Arab League observers in Syria says violence in the country has spiked over the past four days.

Sudanese Gen. Mohammed Ahmed al-Dabi said in a statement Friday that three Syrian cities ? Homs, Hama and Idlib ? have witnessed a "very high escalation" of violence since Tuesday.

The head of the League's operations room for the mission, Adnan al-Khudeir, said 30 additional observers will be sent to Syria next week to bolster the mission.

The observers are in Syria to monitor a League plan to end the country's 10-month-old crisis.

The mission has been widely criticized for failing to stop the violence.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

BEIRUT (AP) ? Armed forces loyal to President Bashar Assad barraged residential buildings with mortars and machine-gun fire, killing at least 30 people, including a family of women and children during a day of sectarian killings and kidnappings in the besieged Syrian city of Homs, activists said Friday.

The violence erupted Thursday, but important details were only emerging a day later. Video posted online by activists showed the bodies of five small children, five women of varying ages and a man, all bloodied and piled on beds in what appeared to be an apartment after a building was hit in the Karm el-Zaytoun neighborhood of the city. A narrator said an entire family had been "slaughtered."

The video could not be independently verified.

Heavy gunfire erupted for a second day Friday in the city, which has seen some of the heaviest violence of the 10-month-old uprising against Assad's rule. Activists said at least 10 people were killed across the country, four of them in Homs.

Elsewhere, a car bomb exploded Friday at a checkpoint outside the northern city of Idlib, the British-based Syrian Observatory for Human Rights said, citing witnesses on the ground. The number of casualties was not immediately clear.

In an attempt to stop the bloodshed in Syria, the U.N. Security Council was to hold a closed-door meeting Friday to discuss the crisis, a step toward a possible resolution against the Damascus regime, diplomats said. The U.N. says at least 5,400 people have been killed in the government crackdown since March, and the turmoil has intensified as dissident soldiers have joined the ranks of the anti-Assad protesters and carried out attacks on regime forces.

Details of Thursday's wave of killings in Homs were emerging from an array of residents and activists on Friday, though they said they were having difficulty because of continuing gunfire.

"There has been a terrifying massacre," Rami Abdul-Rahman, director of the Syrian Observatory for Human Rights, told the AP on Friday, calling for an independent investigation of Thursday's killings.

Thursday started with a spate of sectarian kidnappings and killings between the city's population of Sunnis and Allawites, a Shiite sect to which Assad belongs and which is the backbone of his regime, said Mohammad Saleh, a centrist opposition figure and activist resident of Homs.

There were also a string of attacks by unknown gunmen on army checkpoints, Saleh said. Checkpoints are a frequent target of dissident troops who have joined the opposition.

The violence culminated with the evening killing of the family, Saleh said, adding that the full details of what happened were not yet clear.

The Observatory said 29 people were killed, including eight children, when a building came under heavy mortar and machine gun fire. Some residents spoke of another massacre that took place when shabiha ? armed regime loyalists ? stormed the district, slaughtering residents in an apartment, including children.

"It's racial cleansing," said one Sunni resident of Karm el-Zaytoun, speaking on condition of anonymity for fear of reprisal. "They are killing people because of their sect," he said.

Some residents said kidnappers were holding Alawites in the building hit by mortars and gunfire in Karm el-Zaytoun, but the reports could not be confirmed.

Thursday's death toll in Homs city was at least 35, said the Observatory and the Local Coordination Committees, an umbrella group of activists. Both groups cite a network of activists on the ground in Syria for their death tolls. The reports could not be confirmed.

Syria tightly controls access to trouble spots and generally allows journalists to report only on escorted trips, which slows the flow of information.

The Syrian uprising began last March with largely peaceful anti-government protests, but it has grown increasingly militarized in recent months as frustrated regime opponents and army defectors arm themselves and fight back against government forces.

It has also seen outbreaks of bloody tit-for-tat sectarian killings. Syria has a volatile religious divide, making civil unrest one of the most dire scenarios. The Assad regime and the leadership of its military and security forces are dominated by the Alawite minority, but the country is overwhelmingly Sunni Muslim.

Also Friday, Iran's official IRNA news agency said gunmen in Syria have kidnapped 11 Iranian pilgrims traveling by road from Turkey to Damascus.

Iranian pilgrims routinely visit Syria ? Iran's closest ally in the Arab world ? to pay homage to Shiite holy shrines.

The government crackdown has killed more than 5,400 people since March, according to estimates from the United Nations.

U.N. rights chief Navi Pillay said the "fragmentation within the country" was making it harder to update the numbers. "Some areas are completely closed, such as parts of Homs, we are unable to verify much of the information that's coming to us. We are watching the figures, working closely with civil society organizations, and sifting through all the information that's coming to us," he said at the Davos Forum in Switzerland.

But he expressed "great concern that the killings are continuing and in my view it's the authorities who are killing civilians, and so it would all stop if an order comes from the top to stop the killings."

Assad's regime claims terrorists acting out a foreign conspiracy are behind the uprising, not protesters seeking change, and that thousands of security forces have been killed.

International pressure on Damascus to end the bloodshed so far has produced few results.

The Arab League has sent observers to the country, but the mission has been widely criticized for failing to stop the violence. Gulf states led by Saudi Arabia pulled out of the mission Tuesday, asking the Security Council to intervene because the Syrian government has not halted its crackdown.

The U.N. Security Council has been unable to agree on a resolution since violence began in March because of strong opposition from Russia and China.

A senior Russian diplomat said Moscow will oppose a new draft United Nations resolution on Syria because it fails to take Kremlin's concerns into account.

Deputy Foreign Minister Gennady Gatilov was quoted by the ITAR-Tass news agency as saying Friday that the draft worked out by the West and some Arab states fails to exclude the possibility of outside military interference.

In Cairo, Arab League chief Nabil Elaraby told reporters that he and the prime minister of Qatar would leave for New York on Saturday seek U.N. support for the latest Arab plan to end Syria's crisis. The plans calls for a two-month transition to a unity government, with Assad giving his vice president full powers to work with the proposed government.

Syria has rejected the plan, saying it violates its sovereignty.

Bassma Kodmani, a spokeswoman for the opposition Syrian National Council, said the Arab initiative was a move in the right direction.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20120127/ap_on_re_mi_ea/ml_syria

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Saturday, January 28, 2012

Private creditors: Deal with Greece close (AP)

ATHENS, Greece ? Officials say talks between Greece and private creditors on halving the country's privately held debt load have ended and a deal is very close.

A statement from creditor representatives Charles Dallara and Jean Lemierre says the two sides are "close to the finalization of a voluntary (private sector involvement) ... We expect to conclude next week as discussions on other issues move forward."

The statement Saturday also refers to "the framework expressed publicly earlier this week by Luxembourg Prime Minister Jean-Claude Juncker in his capacity as Chairman of the Eurogroup."

This means that the creditors have accepted an interest rate below 4 percent for the new bonds that will be issued by Greece in place of the old ones.

Prime Minister Lucas Papademos and Finance Minister Evangelos Venizelos represented the Greek government throughout the talks.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_bi_ge/eu_greece_financial_crisis

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Stocks lowered by mixed economic data

?A brief morning rally pushed the Dow Jones industrial average above its highest closing price since the financial crisis, the Dow closed down 22 points at 12734.?

A brief morning rally pushed the Dow Jones industrial average above its highest closing price since the financial crisis Thursday, but stocks closed lower after mixed economic data tempered traders' optimism.

Skip to next paragraph

Solid news on factory orders and strong earnings from U.S. manufacturers highlighted one of the economy's bright spots before the market opened. The Dow and broader indexes turned negative after weaker reports on home sales and future economic growth were released in the late morning.

The Dow and other indexes are still up sharply for the year, and the Dow is near its highest level since May 2008. Traders appear less afraid of spillover damage from the European debt crisis, and data on jobs and manufacturing have been consistently strong.

"With global risk off center stage and attention going back to the fundamentals, this market was ready to explode, which is exactly what it is doing," said Doug Cote, chief market strategist with ING Investment Management.

The government reported early Thursday orders to factories for long-lasting manufactured goods increased in December for the second straight month, and a key measure of business investment rose solidly.

That strong demand was apparent in quarterly earnings reports from U.S. manufacturers. 3M stock closed 1.3 percent higher after its fourth-quarter profit beat Wall Street's estimates.

Caterpillar, the world's biggest heavy equipment maker, rose 2.1 percent, the most of the 30 companies in the Dow, after beating analysts' estimates last quarter. The company expects to do the same this year as global demand remains high.

Stocks traded broadly higher until mid-morning, when the government reported an unexpected drop in new home sales in December, capping the worst year for home sales on records dating to 1963. The decline underscored the housing market's continued drag on the economy.

A private gauge of future economic activity also grew more slowly than expected.

The Dow closed down 22.33 points, or 0.2 percent, at 12,734.63. It had traded up as much as 84.99 points early Thursday. 3M and Caterpillar led the gains.

AT&T dragged the Dow lower, falling 2.5 percent after its earnings missed Wall Street's forecasts. The company remains heavily dependent on Apple's iPhone, which it pays to subsidize, but recently lost its exclusive rights to sell the phone in the U.S.

The Dow is within reach of its post-financial crisis high of 12,810.54, reached in April 2011. The last time it closed higher than that was on May 20, 2008, when it settled at 12,828.68. The Dow's post-crisis high during the trading day was 12,928.45, reached on May 2, 2011.

The Dow is up 4.2 percent so far this year. The Standard & Poor's 500 index and Nasdaq composite average have gained even more.

The Dow would need to rise another 11 percent to get to its record high close of 14,164.53, reached on Oct. 9, 2007.

The S&P 500 closed down 7.63 points, or 0.6 percent, at 1,318.43. It was dragged lower by volatile financial companies and telecommunications firms including AT&T. The Nasdaq shed 13.03 points, or 0.5 percent, to close at 2,805.28.

Stocks had their highest close in eight months Wednesday after the Federal Reserve said it plans to keep interest rates extremely low until late 2014 to encourage lending and investment and support the economic recovery.

The yield on the 10-year Treasury note fell to 1.93 percent from 1.99 percent late Wednesday. The prospect of more bond-buying by the Fed helped make Treasurys more attractive. A bond's yield falls as demand for it increases.

Among the other U.S. companies making big moves after reporting quarterly earnings:

? Time Warner Cable Inc. rose 7.8 percent after the company reported earnings that were far above analysts' estimates. The national cable TV provider also raised its dividend 17 percent to 56 cents per share and announced plans to buy back more of its own stock.

? United Continental Holdings, the parent company of United and Continental airlines, surged 6.3 percent. The company's fourth-quarter loss narrowed, its adjusted earnings were more than double what analysts had expected and the cost of integrating the two companies fell.

? Netflix soared 22.1 percent, the most of any stock in the S&P 500, after the video streaming and DVD-by-mail company reported a huge gain in customers and a bigger fourth-quarter profit than analysts had expected.

? Colgate-Palmolive rose 1.9 percent after saying it will raise prices in the U.S. for the first time in years to cover higher costs for materials. The company's profit declined last quarter, but core sales in emerging markets were much stronger.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/s5rCQ3MbkWI/Stocks-lowered-by-mixed-economic-data

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Friday, January 27, 2012

Investing in Chinese Stocks: Capture Growth and Manage Risk

by Carl Delfeld, Investment U Senior Analyst
Thursday, January 26, 2012: Issue #1694

Soon I?ll be publishing a new book and releasing a special report with sharply different messages.

New World, New Boom: Capture Growth Like the New Tycoons is a very blue-ocean optimistic book. It?s chock full of strategies and ideas to help investors grow wealthy with emerging and frontier markets.

The special report aimed at institutional investors, How Seven Trends Could Break China, challenges the conventional wisdom that China is an economic juggernaut and a one-way bet for investors. Its basic premise is that China?s economic and political system isn?t sustainable and will end badly.

Am I crazy bipolar or what?

Let me explain.

China?s Strategy Has Run its Course

You would be hard pressed to find someone more enthusiastic about emerging markets than I am. During the past 30 years, their progress has been remarkable, as market reforms and breakthroughs in technology and communications pulled hundreds of millions of people out of poverty.

The world filled in, and in my view, we?re just getting started.

China, in particular, is a remarkable growth story. China now exports more in one day than it did in the entire year of 1978, just before it opened up to the world. In 1990, its economy was the same size of Taiwan; now it?s more than 10 times larger.

But in my personal view, the strategy that fueled China?s success has largely run its course. More importantly, its political and economic system isn?t flexible enough to adjust to the serious challenges that confront it.

Here?s how Minxin Pei puts it in this week?s Financial Times:

?As China marks the 20th anniversary of Deng?s history-changing tour, the most ironic fact ? and perhaps China?s worst-kept secret ? is that pro-market economic reform in China has been dead for some time.?

So if you carry my thinking to its logical conclusion, the biggest threat to my optimistic view for robust Asian growth isn?t the euro debt crisis or America?s out of control debt and spending.

It?s China.

If this is unthinkable to you, I have a question: Did you expect unbeatable Japan to stagnate for two decades after its property and banking crisis or the sudden collapse of the Soviet Union?

Not So Fast, Though

But even if I?m right about this risk, I strongly recommend that you not go out and sell all your China stocks for a number of reasons.

First, the direction and/or pace of the seven negative trends in my report aren?t set in stone. While I?m skeptical that ?moneybags communism? can endure, the government has tools at hand to kick the can down the road, and they?ll certainly try to do just that as long as possible.

Second, Chinese stock markets are usually driven by liquidity and momentum rather than fundamentals. There were many years during the 1990s when the Chinese economy was growing at 10%-plus rates and the stock markets did nothing.

Take a look at iShares FTSE China 25 Index Fund (NYSE: FXI), the ETF basket containing China?s largest 25 companies. While China?s GDP growth is consistently growing at 10%-plus pace, FXI?s performance is on a rollercoaster.

Investing in Chinese Stocks

A buy and hold strategy for China has been, well, disappointing.

As 2012 markets opened, the Shanghai market is coming off a two-year period of weakness ? down 37%. Therefore, many stocks, and especially the banks, are trading at attractive valuations. This is why I wrote several times in the past few months that China stocks look dirt cheap.

This doesn?t mean the market will go up, but it does make it more likely. And so far in 2012, FXI is showing an upward trend.

On the liquidity issue, some of the domino trends might boost the market in the short term. As Chinese property markets slide, investors may very well move this wall of liquidity to stock markets. After all, what other choices do they have?

The state banking system set interest rates so low that they?re negative after adjusting for inflation. No wonder the Chinese who are able are moving capital offshore.

The One Simple Step

But there are simple steps you can take to limit or hedge Chinese risk. And the most important is to put in place a 15% to 20% trailing stop when investing in FXI, or any Chinese stock for that matter.

By doing this, you can capture any momentum in the Chinese market, but you?ll also protect yourself against the risks of continued market weakness.

So keep investing in emerging markets and Chinese growth, just be careful to manage the risks.

Good Investing,

Carl Delfeld

Any investment contains risk. Please see our disclaimer
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Source: http://www.investmentu.com/2012/January/investing-in-chinese-stocks.html

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Thursday, January 26, 2012

Little awareness of Internet TV or Google TV in Japan

Do you want a Google TV? graph of japanese statisticsjapan.internet.com recently reported on a survey conducted by goo Research into internet television, which is basically a television that instead of (or is it ?along with??) getting a signal over a cable or radio waves, it uses the internet to obtain its content.

Demographics

Between the 10th and 12th of January 2012 1,093 members of the goo Research online monitor group completed a private internet-based questionnaire. 53.2% of the sample were male, 16.3% in their teens, 18.2% in their twenties, 21.6% in their thirties, 16.4% in their forties, 15.4% in their fifties, and 12.2% aged sixty or older.

I?m not really very clear myself on the Unique Selling Point of internet TV, so I can?t say I?ve got any interest. TV should be passive; anything that requires more than a couple of clicks on a remote control is better done on a real computer!

Research results

First, the sample were asked if they knew about ?internet television?. 12.5% said they knew it well and 54.3% knew something about it. Next they were asked if they knew about Google TV. Just 2.5% said they knew it well, and 21.1% knew something about it. Those 258 who knew about it were then asked the following.

Q1: Do you want a Google TV? (Sample size=258)

Already bought it 1.6%
Plan to buy soon 3.5%
Want one 25.2%
Can?t say either way 56.2%
Don?t want one 13.6%
Read more on: goo research,google tv,television

Permalink

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  • Source: http://feedproxy.google.com/~r/WhatJapanThinks/~3/SMUOLBX8E-Q/

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    Less Salt, More Veggies in School Lunches: USDA (HealthDay)

    WEDNESDAY, Jan. 25 (HealthDay News) -- First Lady Michelle Obama and Agriculture Secretary Tom Vilsack unveiled on Wednesday new standards for school meals -- the first revisions in more than 15 years. The goal: To provide healthier meals and better nutrition for the nearly 32 million children who take part in school meal programs.

    The new standards include offering fruits and vegetables every day, increasing whole grain-rich foods, serving only fat-free or low-fat milk, limiting calories based on children's ages, and reducing the amounts of saturated fat, trans fats and sodium, according to a news release from the U.S. Department of Agriculture.

    Mrs. Obama and Vilsack, who were joined by celebrity chef Rachael Ray, made the announcement at an elementary school in Alexandria, Va.

    "As parents, we try to prepare decent meals, limit how much junk food our kids eat, and ensure they have a reasonably balanced diet," Mrs. Obama said in a news release. "And when we're putting in all that effort, the last thing we want is for our hard work to be undone each day in the school cafeteria. When we send our kids to school, we expect that they won't be eating the kind of fatty, salty, sugary foods that we try to keep them from eating at home."

    In the same statement, Vilsack said, "Improving the quality of the school meals is a critical step in building a healthy future for our kids."

    Dr. David Katz, director of the Prevention Research Center at Yale University School of Medicine, said that "these changes to school food standards are welcome, commendable and unquestionably helpful in efforts to combat childhood obesity and all of the metabolic mayhem that follows in its wake."

    Still, Katz doesn't think the changes go far enough.

    And they aren't as complete as the Obama administration had wanted, according to the Associated Press.

    Last year, Congress blocked some of the agriculture department's planned revisions, including cutting down how often french fries and pizza could be served, the news agency said.

    In November, Congress passed a bill requiring the agriculture department to continue to count tomato paste on pizzas as a vegetable, the AP reported.

    "Making healthier pizza is a great idea. However, it is unfortunate and rather ridiculous that Congress still thinks tomato paste is a vegetable," said dietitian Samantha Heller, clinical nutrition coordinator at the Center for Cancer Care at Griffin Hospital in Derby, Conn.

    Congress also refused to allow the USDA to limit servings of potatoes. Those congressional directions must be incorporated into the final rule, the AP reported.

    The news service said that potato growers, companies that make frozen pizzas for schools and others in the food industry lobbied for the changes made by Congress, and that conservatives said the government shouldn't be telling children what to eat.

    Some school districts objected to some of the requirements, saying they went too far and would cost too much, the AP said.

    Katz said, "It is unacceptable that food industry elements lobbied Congress successfully for changes in nutrition standards that placed profits ahead of children's health.

    "The argument that we cannot afford to do even better is spurious, because it leaves us needing to afford the treatment of type 2 diabetes in children. It leaves us needing to pay for bariatric surgery in adolescents," he added.

    Still, the changes signal some progress, Katz said. "We should not expect it to change childhood obesity rates. School lunch was never the cause of epidemic obesity, and improving it will not be the cure. But school lunch has long been part of the problem and these improved standards will help make it one part of a comprehensive solution, now long overdue," he said.

    Heller rejected the argument that children will not eat healthier foods.

    "When given the time, exposure and encouragement as well as altering environmental influences, kids will eat healthy foods when available," she said. "Just putting fresh fruit by the cafeteria check-out in schools increases consumption by schoolchildren considerably. Making fresh, healthy foods delicious and explaining to kids how and why good nutrition is critical for them to do well in their favorite activities such as sports, art or science, will also boost consumption," Heller said.

    "Food companies, lobbyists, and members of Congress would do well to step up to the plate and start setting good examples of healthy eating and lifestyles," Heller added.

    The new rule is based on recommendations from a panel of experts from the Institute of Medicine and also updated changes from the 2010 Dietary Guidelines for Americans.

    More information

    For more information on healthy eating, visit the U.S. Department of Agriculture.

    Source: http://us.rd.yahoo.com/dailynews/rss/health/*http%3A//news.yahoo.com/s/hsn/20120126/hl_hsn/lesssaltmoreveggiesinschoollunchesusda

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    Tuesday, January 24, 2012

    AP Exclusive: US talks to Afghan insurgent group (AP)

    ISLAMABAD ? Anxious to accelerate peace moves, top-level U.S. officials have held talks with a representative of an insurgent movement led by a former Afghan prime minister who has been branded a terrorist by Washington, a relative of the rebel leader says.

    Dr. Ghairat Baheer, a representative and son-in-law of longtime Afghan warlord Gulbuddin Hekmatyar (Gul-bu-DEEN HEK-mah-tyar), told The Associated Press this week that he had met separately with David Petraeus, former commander of NATO forces in Afghanistan and now CIA director, and had face-to-face discussions earlier this month with U.S. Ambassador Ryan Crocker and U.S. Marine Gen. John Allen, currently the top commander in the country.

    Baheer, who was released in 2008 after six years in U.S. detention at Bagram Air Field in Afghanistan, described his talks with U.S. officials as nascent and exploratory. Yet, Baheer says the discussions show that the U.S. knows that in addition to getting the blessing of Taliban chief Mullah Mohammad Omar ? a bitter rival of Hekmatyar even though both are fighting international troops ? any peace deal would have to be supported by Hekmatyar, who has thousands of fighters and followers primarily in the north and east.

    Hizb-i-Islami, which means Islamic party, has had ties to al-Qaida but in 2010 floated a 15-point peace plan during informal meetings with the Afghan government in Kabul. At the time, however, U.S. officials refused to see the party's delegation.

    "Hizb-i-Islami is a reality that no one can ignore," Baheer said during an interview last week at his spacious home in a posh suburb of Pakistan's capital, Islamabad. "For a while, the United States and the Kabul government tried not to give so much importance to Hizb-i-Islami, but now they have come to the conclusion that they cannot make it without Hizb-i-Islami."

    In Washington, National Security Council spokeswoman Caitlin Hayden would not confirm that such meetings took place but said the U.S. was maintaining "a range of contacts in support of an Afghan-led reconciliation process."

    On Saturday, Afghan President Hamid Karzai said he also had met recently with Hizb-i-Islami representatives. Baheer said he attended those meetings but added that the party considers the Afghan government corrupt and lacking legitimacy.

    Karzai's announcement appeared intended to bolster his position as the key player in the search for peace. The U.S. repeatedly has said that formal negotiations must be Afghan-led, but Karzai has complained that his government has not been directly involved in recent preliminary talks with Taliban representatives and plans for setting up a Taliban political office in the Gulf state of Qatar.

    Baheer said his meeting with Petraeus, whom he described as a "very humble, polite person," was marked by a few rounds of verbal sparring with each boasting a battlefield strength that the other dismissed as exaggerated.

    "There was a psychological war in these first meetings," he said.

    Baheer said Crocker and Allen tried to persuade Hizb-i-Islami to become part of Afghanistan's political network, accept the Afghan security forces and embrace the nation's current constitution. He said Hizb-i-Islami was ready to accept the security forces and the constitution, but wants a multiparty commission established to review and revise the charter.

    "We are willing to make compromises," said Baheer. "We already have said we will accept the Afghan army and the police."

    He said Hizb-i-Islami envisioned a multiparty government in postwar Afghanistan. At the same time, the group wants all U.S. and NATO forces, including military trainers, to leave Afghanistan, he said.

    "The presence of any foreign forces will be not acceptable to us under any cover," he said. "Daily, there is another American killing of civilians. The longer they stay, the more they are hated by the Afghan people."

    Overtures to Hekmatyar's group show not only the degree of U.S. interest in pursuing a settlement but also the complexity of putting together an agreement acceptable to all sides in factious Afghanistan. The U.S. formally declared Hekmatyar a "global terrorist" in 2003 because of alleged links to al-Qaida and froze all assets which he may have in the United States.

    Hekmatyar, who is in his mid-60s, was among the major recipients of U.S. aid during the Afghan war against the Soviets in the 1980s. He and other anti-Soviet commanders swept into Kabul in 1992 and ousted the pro-Soviet government, only to turn against one another in a bitter and bloody power struggle that destroyed vast sections of the Afghan capital and killed an estimated 50,000 civilians before the Taliban seized the city.

    A bitter rival of Mullah Omar, Hekmatyar fled to Iran and remained there until the Taliban were ousted in the 2001 U.S.-led invasion. He declared war on foreign troops in his country and rebuilt his military forces, which by 2008 had become a major threat to the U.S.-led coalition.

    Contacts with Hekmatyar's group as well as parallel efforts to negotiate with the Taliban have taken on new urgency following the NATO decision to withdraw foreign combat forces, transfer security responsibility to the Afghans by the end of 2014 and bring an end to the unpopular war, which is increasingly seen as a drain on the financially strapped Western countries that provide most of the troops.

    On Sunday, the U.S. special envoy to Afghanistan and Pakistan, Marc Grossman, completed two days of meetings about the peace process with Karzai and other Afghan officials. Grossman, who was to travel to Qatar on Monday, urged the Taliban to issue a "clear statement" against international terrorism and affirm their commitment to the peace process "to end the armed conflict in Afghanistan."

    U.S. officials also have reached out to the Pakistan-based Haqqani militant network to test its interest in peace talks. Haqqani fighters, the second largest insurgent group after the Taliban, have been blamed for most of the high-profile attacks in the heart of the Afghan capital.

    ___

    Kathy Gannon is AP special regional correspondent covering Pakistan and Afghanistan. She can be reached at http://www.twitter.com/kathygannon

    ___

    Associated Press writers Deb Riechmann in Kabul and Kimberly Dozier and Anne Gearan in Washington contributed to this report.

    Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20120122/ap_on_re_as/as_afghan_talks

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    Important Reminder About Your Pets | Ashley Place | Westfield ...

    Here at Ashley Place, we love our pets!? As a matter of fact, the majority of our neighbors in the community have a pet!? This is why it is absolutely pertinent that all pet owners follow the pet policies that we have in place.? Please take a moment to review a few of the policies that you agreed to upon signing?the pet lease agreement:

    **???? No more than 2 pets per apartment.

    ** ??? If pet is outside the apartment, it will be on a leash while accompanied by and under the control of the resident.? No pets are to be tethered outside the apartment.

    **??? ?Resident agrees to clean up after pets.

    **???? No tolerance for aggressive or disturbing pets.

    **???? Any failure to comply with these terms and conditions could result in the removal of pet from the premises or termination of residents rights of occupancy.

    **?????These policies are put in place for the sake of ALL residents, pets, children, staff and guests here at Ashley Place.? We love our furry friends just as much as you do, however, we take our pet policies very seriously.

    Please do your part in helping us make Ashley Place an enjoyable home for everyone.? As always, feel free to contact the leasing office if you have any questions.? Thank you!

    Source: http://my.homeisashleyplace.com/2012/01/important-reminder-about-your-pets/

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    Monday, January 23, 2012

    Acer's Aspire One 722 kitted with HSPA+, sold by AT&T

    Sleek and svelte Ultrabooks and tablets might have stolen the limelight from ye old netbook, but that doesn't mean the less glamorous category is completely bereft of all signs of life. Take for example, Acer's Aspire One 722. Sure, the 1GHz AMD C-50 powered, Radeon HD 6250 wielding netbook's internals got more pizzazz in an updated Europe-only edition, but that didn't stop AT&T from taking the original and giving it a new beginning thanks to shiny new internal WWAN module. Up-to-date silicon it is not, but it could be yours for just $40 a month -- provided you sign your life away on a two-year, 3GB per month, contract. Or alternatively, the HSPA+ redux can be had for the unsubsidized price of $450. Decisions, decisions. Pull the trigger at the source link below.

    Acer's Aspire One 722 kitted with HSPA+, sold by AT&T originally appeared on Engadget on Mon, 23 Jan 2012 07:07:00 EDT. Please see our terms for use of feeds.

    Permalink Electronista  |  sourceAT&T  | Email this | Comments


    Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/OxnfgWCD3h4/

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    Alec Baldwin Drops 30 Pounds In Four Months!

    Alec Baldwin Drops 30 Pounds In Four Months!

    “30 Rock” actor Alec Baldwin has lost quite a bit of weight recently after cutting sugar from his diet. Baldwin lost a total of 30 [...]

    Alec Baldwin Drops 30 Pounds In Four Months! Stupid Celebrities Gossip Stupid Celebrities Gossip News


    Source: http://feedproxy.google.com/~r/stupidcelebrities/~3/QgyXUcbyOu0/

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    Sunday, January 22, 2012

    Killer of 7-year-old girl commits suicide

    Cherokee Sheriff's Department / AP

    Ryan Brunn, 20, of Canton, is shown in his Dec. 7 booking photo.

    By msnbc.com staff and news services

    JACKSON, Ga. -- An apartment complex maintenance man who molested and killed a 7-year-old girl committed suicide in prison on Thursday, two days after being sentenced to life in a notorious case that led to the resignation of a town police chief.

    ?I can confirm that Ryan Brunn did commit suicide," Kristen Stancil, a spokeswoman for the state Department of Corrections, told the Atlanta Journal Constitution.


    Brunn was fund unresponsive in his cell at the Jackson State Prison on Thursday afternoon and was pronounced dead at a hospital, the newspaper reported.

    Corrections officials did not say how Brunn killed himself. A source told 11Alive News than Brunn hanged himself.

    On Tuesday, Brunn pleaded guilty to molesting and killing 7-year-old Jorelys Rivera. The girl disappeared Dec. 3 from a playground at her Canton, Ga., apartment complex after going to get sodas from her friends. Her body was found a few days later in a trash bin.

    Speaking softly and with little emotion, Brunn told the court he lured Jorelys into a vacant apartment, molested her, then beat and stabbed her.

    He said that when she struggled,?he hit her about five times with?one of her roller?skates and then wrapped her body in a blanket, which he then dumped in a trash compactor.

    "I didn't want her to go home and tell her mom or dad on me," Brunn said. "So I cut her."

    Hundreds gather to mourn slain Ga. girl

    Brunn insisted he never had sex with the girl, and prosecutors agreed to reduce charges against him from aggravated child molestation to child molestation. He also pleaded guilty to a range of other charges, including assault and abandonment of a dead body. He had no history of a criminal past and passed a background check to work at the complex.

    Ricardo Arduengo / AP

    Joselinne Rivera mourns in front of the coffin containing the body of her daughter, Jorelys Rivera, during her?funeral?in Penuelas, Puerto Rico, on Dec. 13.

    Canton Police Chief Jeff Lance resigned after a review revealed his department violated several of its own policies and made many mistakes in the search for Jorelys.

    A 17-page review by LaGrange Police Chief Louis Dekmar said Lance and his department made a host of mistakes, according to The Associated Press.

    The inquiry said there was little doubt that Rivera was already dead by the time Canton police received the missing child report. But it said if another such report were handled in the same manner, police "may indeed miss an opportunity to save a victim's life."

    The review found that the officer who responded to the initial call treated the case as a routine one that "would be solved in the same manner as dozens of other such cases that the agency had handled in 2011."

    The Associated Press contributed to this story.

    More content from msnbc.com and NBC News

    Source: http://usnews.msnbc.msn.com/_news/2012/01/19/10193967-killer-of-7-year-old-ga-girl-commits-suicide-in-prison

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    The Engadget Show is live tonight with Red Cameras, MakerBot and the coolest gadgets of CES!


    Are you ready for this? We sure are. We're back from CES, just slightly worse for wear, and we've got a lot to discuss. We're going to kick off the first Engadget Show of 2012 with a parade of some of last week's hottest gadgets. We'll also be taking a look at Apple's new education initiative, giving you a behind the scenes tour of Engadget's CES trailer and taking you straight to the show floor. MakerBot's Bre Pettis will be popping in to discuss the company's new Replicator 3D printer and we'll be getting some serious hands-on time with the latest camera from Red. Also, musical guest, Brooklyn's Ducky and surprises galore! Keep your browser locked here and we'll see you at 6PM ET sharp.


    Subscribe to the Show:

    [iTunes] Subscribe to the Show directly in iTunes (M4V).
    [Zune] Subscribe to the Show directly in the Zune Marketplace (M4V).
    [RSS M4V] Add the Engadget Show feed (M4V) to your RSS aggregator and have it delivered automatically.

    The Engadget Show is live tonight with Red Cameras, MakerBot and the coolest gadgets of CES! originally appeared on Engadget on Fri, 20 Jan 2012 12:00:00 EDT. Please see our terms for use of feeds.

    Permalink   |   | Email this | Comments


    Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/d7GoqHWkHxM/

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    Saturday, January 21, 2012

    Evidence of past Southern hemisphere rainfall cycles related to Antarctic temperatures

    Evidence of past Southern hemisphere rainfall cycles related to Antarctic temperatures

    Wednesday, January 18, 2012

    Geoscientists at the University of Massachusetts Amherst and the University of Minnesota this week published the first evidence that warm-cold climate oscillations well known in the Northern Hemisphere over the most recent glacial period also appear as tropical rainfall variations in the Amazon Basin of South America. It is the first clear expression of these cycles in the Southern Hemisphere.

    The work by Stephen Burns and his doctoral student Lisa Kanner at UMass Amherst is reported in the current issue of ScienceXpress. Burns says, "The study also demonstrates that rainfall in the Southern Hemisphere of South America is, though to a lesser extent, also influenced by temperature changes in the Antarctic, which has not been previously observed."

    The last glacial period, from about 10,000 to about 120,000 years ago, saw North America and Western Europe covered in a thick continental ice sheet, the geoscientist points out. Yet climate was also highly unstable during the period, cycling every few thousand years between warm and cold, dry periods in the high northern latitudes. Temperatures could change by as much as 10 to 15 degrees Celsius.

    Known as Dansgaard/Oeschger (D/O) cycles, these millennial-scale rapid climate events were first recognized in the Greenland ice cores, but have since been found throughout the Northern Hemisphere, Burns points out.

    The UMass Amherst climate researcher is an expert in reading past climate data from the ratio of oxygen isotopes found in calcite in speleothems, another name for stalagmites, stalactites and other water-deposited cave features. Analyzing radioactive isotopes and stable oxygen isotopes in the calcite sampled from ancient cave formations can provide information on past rainfall over many thousands of years, Burns says.

    He and Kanner used oxygen isotopic analyses from a 16-centimeter (about 6.3 inches) stalagmite recovered from a cave 2.4 miles (3,800 meters) above sea level in the Peruvian Andes for this study. The sample grew from 49,500 to 16,000 years ago, providing a 34,000-year-long record of rainfall changes in the Amazon Basin. Kanner and colleagues found that cold periods in the high Northern latitudes are associated with an increase in precipitation, the South American Summer Monsoon, in the Amazon Basin.

    They found that cold periods in the Northern Hemisphere are associated with an increase in precipitation, the South American Summer Monsoon, in the Amazon Basin.

    "This relationship is the exact opposite of changes in rainfall in the Northern Hemisphere tropics, where cold intervals result in a decrease in rainfall," Burns says.

    Revised chronology for several major climate events that took place in the last glacial period proposed in this study could lead to a better understanding of Antarctic warming during the same period and its relationship to warming the subtropical North Atlantic, the authors state.

    ###

    University of Massachusetts at Amherst: http://www.umass.edu

    Thanks to University of Massachusetts at Amherst for this article.

    This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

    This press release has been viewed 30 time(s).

    Source: http://www.labspaces.net/116802/Evidence_of_past_Southern_hemisphere_rainfall_cycles_related_to_Antarctic_temperatures

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    Friday, January 20, 2012

    Unemployment claims at 352,000, fewest since 2008 (AP)

    WASHINGTON ? The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening.

    Applications fell 50,000, the biggest drop in the seasonally adjusted figure in more than six years, the Labor Department said Thursday. The four-week average, which smooths out fluctuations, dropped to 379,000. That's the second-lowest such figure in more than three years.

    A department spokesman cautioned that volatility at this time of year is common. Applications had jumped two weeks ago, largely because companies laid off thousands of temporary workers hired for the holidays.

    Still, when weekly applications fall consistently below 375,000, it usually signals that hiring is strong enough to push down the unemployment rate.

    "This continues a clear downshift in claims," said Ian Shepherdson, an economist at High Frequency Economics.

    Shepherdson suggested that stronger hiring should follow.

    Hiring improved in the second half of 2011. In December, employers added 200,000 jobs. That marked the sixth straight month in which the economy added at least 100,000 jobs. And the unemployment rate fell to 8.5 percent, a three-year low.

    For all of 2011, the economy added 1.6 million jobs. That was up sharply from 940,000 in 2010. Economists say they expect roughly 1.9 million more jobs to be added this year, according to a survey by The Associated Press.

    Still, the job market has a long way to go before it fully recovers from the damage of the Great Recession, which wiped out 8.7 million jobs. More than 13 million people remain unemployed. Millions more have given up looking for work and so are no longer counted as unemployed.

    The overall number of people receiving benefits, which isn't seasonally adjusted, rose. More than 7.8 million people received benefits in the final week of last year. They include about 3.6 million people covered by extended-benefit programs begun during the recession.

    The manufacturing sector remains a bright spot. Factory output jumped 0.9 percent in December, the Federal Reserve said this week. That was the sharpest monthly gain in a year. Manufacturing gained 225,000 jobs last year, the most since 1997.

    The pickup in hiring reflects stronger economic growth. The economy likely grew at an annual rate of about 3 percent in the final three months of last year, economists estimate.

    That would be a sharp improvement over the 1.8 percent annual growth rate in the July-September quarter. Rising consumer spending is thought to be fueling much of the gain in the current quarter.

    Even so, economists worry that growth could slow in the first half of 2012. Europe is almost certain to fall into recession because of its financial troubles.

    And wages aren't keeping up with inflation. The department said in a separate report that average inflation-adjusted hourly earnings dropped 0.9 percent last year.

    Without more jobs and higher pay, consumers might have to cut back on spending. That would weigh down growth next year. Consumer spending accounts for about 70 percent of the economy.

    Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20120119/ap_on_bi_ge/us_unemployment_benefits

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    U.S. shuts Megaupload.com, hackers retaliate (Reuters)

    (Reuters) ? The U.S. government shut down the Megaupload.com content sharing website, charging its founders and several employees with massive copyright infringement, the latest skirmish in a high-profile battle against piracy of movies and music.

    The Department of Justice announced the indictment and arrests of four company executives in New Zealand on Friday as debate over online piracy reaches fever pitch in Washington where lawmakers are trying to craft tougher legislation.

    The movie and music industries want Congress to crack down on Internet piracy and content theft, but major Internet companies like Google and Facebook have complained that current drafts of the legislation would lead to censorship.

    A Justice Department official said the timing of the arrests was not related to the battle in Congress.

    New Zealand police on Friday raided a mansion in Auckland and arrested Megaupload founder Kim Dotcom, also known as Kim Schmitz, 37, a German national with New Zealand residency.

    About 70 police, some armed, raided 10 properties and also arrested the website's chief marketing officer, Finn Batato, 38, chief technical officer and co-founder Mathias Ortmann, 40, both also from Germany, and Dutch national Bram van der Kolk, 29, who is also a New Zealand resident.

    New Zealand police seized millions of dollars worth of assets, which included luxury cars such as a Rolls Royce Phantom Drophead Coupe, from the group, dubbed the "Mega Conspiracy" by prosecutors. They also seized more than NZ$10 million ($8 million) from financial institutions.

    "The FBI contacted New Zealand Police in early 2011 with a request to assist with their investigation into the Mega Conspiracy," said Detective Inspector Grant Wormald from the Organised & Financial Crime Agency New Zealand.

    "All the accused have been indicted in the United States. We will continue to work with the U.S. authorities to assist with the extradition proceedings," Wormald said in a statement.

    The men appeared briefly in an Auckland court on Friday and were remanded in custody until Monday for a bail hearing.

    "We have nothing to hide," Kim Dotcom said from the dock after his lawyer opposed media cameras in the court, reported New Zealand media.

    HACKERS RETALIATE

    Vocal critics of the U.S. Stop Online Piracy Act, or SOPA, and Protect IP Act (PIPA), quickly showed their opposition to the shutdown of Megaupload.com, with hackers attacking the public websites of the Justice Department, the world's largest music company Universal Music, and the two big trade groups that represent the music and film industries.

    "The government takes down Megaupload? 15 minutes later Anonymous takes down government & record label sites," a member of Anonymous said via Twitter.

    Representatives with the Justice Department and Recording Industry Association of America declined comment on the attacks. Officials with Universal Music could not immediately be reached.

    Motion Picture Association of America spokesman Howard Gantman said his group was working with law enforcement to identify the attackers.

    The Mega Conspiracy group was accused of engaging in a scheme that took more than $500 million away from copyright holders and generated over $175 million in proceeds from subscriptions and advertising, according to the indictment unsealed on Thursday.

    "In exchange for payment, the Mega Conspiracy provides fast reproduction and distribution of infringing copies of copyrighted works from its servers located around the world," the indictment said.

    U.S. Justice Department officials said that the estimate of $500 million in economic harm to copyright holders was on the low end and likely significantly more.

    The allegations included copyright infringement as well as conspiracy to commit copyright infringement, conspiracy to commit money laundering and conspiracy to commit racketeering.

    RACKETEERING, MONEY LAUNDERING

    If convicted, the maximum penalties are 20 years for conspiracy to commit racketeering and to commit money laundering and five years for each count of copyright infringement and five years for conspiracy to commit copyright infringement.

    The companies charged, Megaupload Ltd and Vestor Ltd, were both registered in Hong Kong and owned either in large part or solely by Dotcom. A lawyer who has previously worked with Megaupload was not immediately available for comment.

    Megaupload has boasted of having more than 150 million registered users and 50 million daily visitors, according to the indictment. At one point, it was estimated to be the 13th most frequently visited website on the Internet.

    Users could upload material to the company's sites which then would create a link that could be distributed. The sites, which included video, music and pornography, did not provide search capabilities but rather relied on others to publish the links, the indictment said.

    Users could purchase memberships to the site to obtain faster upload and download services, the primary source of revenue. Material that was not regularly downloaded was deleted and financial incentives were offered for popular content, according to the charges.

    The web page with the link to the copyrighted material would include advertisements, another source of revenue.

    If copyright holders complained about a specific link to the website, prosecutors said that Megaupload.com would remove that link but scores of others existed to the same material, according to prosecutors.

    Other material found uploaded included child pornography and terrorism propaganda videos, according to the indictment. The U.S. government's investigation began in March 2010.

    (Reporting by Jeremy Pelofsky and Jim Finkle in WASHINGTON; Additional reporting by Diane Bartz and Yinka Adegoke, and Mantik Kusjanto in Wellington.; Editing by Gary Hill, Phil Berlowitz, Michael Perry and Mark Bendeich)

    Source: http://us.rd.yahoo.com/dailynews/rss/enindustry/*http%3A//news.yahoo.com/s/nm/20120120/media_nm/us_usa_crime_piracy

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