IHT Rendezvous: Can Armstrong be Redeemed? How About Galliano?

LONDON — While Lance Armstrong was (not quite) baring his soul to Oprah this week, a very different celebrity, the disgraced London fashion designer John Galliano, was taking a small step on the path to redemption.

Two years after he was ousted from Dior in the wake of his arrest for a drunken, anti-Semitic rant in a Paris bar, Mr. Galliano is to make a modest comeback at the New York design studio of Oscar de La Renta.

As Eric Wilson writes over at On the Runway, many had speculated that the man described as “the prince of romantic glamor” would never work in the fashion industry again after his downfall in 2011.

However, with the support of fashion luminaries such as Anna Wintour and Grace Coddington of Vogue, he appears set for rehabilitation.

“As far as a comeback strategy, working for Mr. de la Renta in a casual capacity, practically an intern, is, in effect, a way of testing the waters,” Eric writes.

The downfall of the Gibraltar-born, London-raised designer came after two patrons of a bar in the Marais district of Paris accused him of making an anti-Semitic slur.

An online video later surfaced that showed a previous incident in which a bleary Mr. Galliano told fellow customers in the same bar, “I love Hitler” and “people like you would be dead” and “your mothers, your forefathers” would all be “gassed.”

All the more surprising, then, that among those who welcomed the 52-year-old designer’s return was Abraham H. Foxman of the Anti-Defamation league.

The head of the American anti-Semitism watchdog group said on Friday, “Mr. Galliano has worked arduously in changing his worldview and dedicated a significant amount of time to researching, reading, and learning about the evils of anti-Semitism and bigotry.”

The A.D.L. had met the designer on numerous occasions and hoped to work with him in the future as a spokesman against bigotry.

A Paris court fined Mr. Galliano €6,000, or $8,000, for racial insults after he offered his apologies, and last year President François Hollande stripped him of the Légion d’Honneur that he was awarded in 2009.

The designer’s behavior was widely blamed on drug and alcohol addiction, which he’s sought treatment for over the last two years.

“Under intense pressure to produce at least eight full collections a year, Galliano — like so many other artists — reached for sustenance and oblivion,” Suzy Menkes, the IHT’s fashion editor, wrote in November.

Another celebrity who has admitted to turning to drugs, but for very different reasons, is Lance Armstrong, the disgraced American cycling superstar who came clean to Oprah Winfrey this week.

Summing up the response among cycling and anti-doping officials, my colleague Ian Austen wrote: “Many characterized Armstrong’s interview with Oprah Winfrey as being more self-serving than revelatory.”

Has Mr. Armstrong done enough to pave the way for an eventual comeback or were his television appearances indeed self-serving? And what about Mr. Galliano? Should his repentance for his unpardonable remarks lead to a second chance at success? Does either celebrity — or both — deserve redemption? Tell us what you think.

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Thank You to the OpenStack Members Who Voted in the Individual Director Election






HP Cloud Services would like to thank all of the OpenStack® Foundation member/electors who participated in the recent Individual Director election.


The OpenStack Foundation regularly conducts elections for Individual Directors of the Foundation’s Board.  This process is very important for the legitimacy of the Foundation and for the health of the project. These directors represent the voices and interests of the developers and contributors to the OpenStack project as a whole, and of the operators of OpenStack-based clouds. Read more about Thank You to the OpenStack Members Who Voted in the Individual Director Election »






Linux/Open Source News Headlines – Yahoo! News




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Manti Te'o Speaks: 'I Wasn't Faking It'















01/19/2013 at 08:45 AM EST



Notre Dame linebacker Manti Te'o has broken his silence on the topic of the his "dead" girlfriend, telling ESPN Friday night that he played no part in the bizarre hoax.

"I wasn't faking it," the star athlete, 21, told the sports cable network's Jeremy Schapp during the 2½-hour, off-camera interview. (Te'o's comments, which were all in front of his lawyer, were later released by ESPN.) "I wasn't part of this."

Te'o did admit, however, that he "tailored" his tales so that others would assume he had "met her before she passed away."

He also said one of three people who perpetrated the prank – Te'o identified him as Ronaiah Tuiasosopo, a 22-year-old acquaintance from California, along with one other man and a woman – contacted him two days ago and apologized.

"When [people] hear the facts, they'll know," Te'o said. "They'll know that there is no way that I could be part of this."

Te'o told Schapp that he and Kekua never met face-to-face, and whenever he attempted to contact her via Skype and videophone calls, the picture was blocked. Planned meetings in Los Angeles and Hawaii always fell apart because she would cancel at the last minute or else send others in her place.

"My relationship with Lennay wasn't a four-year relationship," Te'o said. "There were blocks and times and periods in which we would talk and then it would end."

At another point, he said, "She told me her dad passed away, and I was there. I was that shoulder to cry on. And I kind of just naturally cared for the person. And so our relationship kind of took another level. But not the kind of exclusive level yet."

He further said that he lied to his own father about having met her, and from there the story snowballed, as Te'o apparently told others the same story.

After being informed in early September that Kekua had died of leukemia, Te'o said he continued to keep up the story about her publicly because he was uncomfortable admitting the two had never met in person.

"That goes back to what I did with my dad. I knew that. I even knew that it was crazy that I was with somebody that I didn't meet," he said. "So I kind of tailored my stories to have people think that, yeah, he met her before she passed away."

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Lilly drug chosen for Alzheimer's prevention study


Researchers have chosen an experimental drug by Eli Lilly & Co. for a large federally funded study testing whether it's possible to prevent Alzheimer's disease in older people at high risk of developing it.


The drug, called solanezumab (sol-ah-NAYZ-uh-mab), is designed to bind to and help clear the sticky deposits that clog patients' brains.


Earlier studies found it did not help people with moderate to severe Alzheimer's but it showed some promise against milder disease. Researchers think it might work better if given before symptoms start.


"The hope is we can catch people before they decline," which can come 10 years or more after plaques first show up in the brain, said Dr. Reisa Sperling, director of the Alzheimer's center at Brigham and Women's Hospital in Boston.


She will help lead the new study, which will involve 1,000 people ages 70 to 85 whose brain scans show plaque buildup but who do not yet have any symptoms of dementia. They will get monthly infusions of solanezumab or a dummy drug for three years. The main goal will be slowing the rate of cognitive decline. The study will be done at 50 sites in the U.S. and possibly more in Canada, Australia and Europe, Sperling said.


In October, researchers said combined results from two studies of solanezumab suggested it might modestly slow mental decline, especially in patients with mild disease. Taken separately, the studies missed their main goals of significantly slowing the mind-robbing disease or improving activities of daily living.


Those results were not considered good enough to win the drug approval. So in December, Lilly said it would start another large study of it this year to try to confirm the hopeful results seen patients with mild disease. That is separate from the federal study Sperling will head.


About 35 million people worldwide have dementia, and Alzheimer's is the most common type. In the U.S., about 5 million have Alzheimer's. Current medicines such as Aricept and Namenda just temporarily ease symptoms. There is no known cure.


___


Online:


Alzheimer's info: http://www.alzheimers.gov


Alzheimer's Association: http://www.alz.org


___


Follow Marilynn Marchione's coverage at http://twitter.com/MMarchioneAP


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Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.


The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.


Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.


Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.


"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.


Major technology companies also report next week, but the bar for the sector has been lowered even further.


Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.


Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.


Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.


CASH POURING IN, HOUSING DATA COULD HELP


Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.


The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.


"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.


"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."


Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.


Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.


The new home sales report on Friday is expected to show a 2.1 percent increase.


The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.


Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.


The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.


"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.


"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."


(Reporting by Rodrigo Campos, additional reporting by Chuck Mikolajczak and Caroline Valetkevitch; Editing by Kenneth Barry)



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Tell-All on the Internet Fells Chinese Official





BEIJING — Viewed through the lens of the Marxist tenets he so arduously promoted, Yi Junqing’s transactional relationship with an ambitious female researcher would have probably fallen into the category of exploitive.




Mr. Yi, 54, an impish scholar who is China’s top guardian of Communist literature, is said to have provided the woman with a fellowship at his research institute in exchange for $1,600. The sex and jewelry came later.


The allegations came to light last month after the woman, Chang Yan, 34, posted online a self-indulgent and occasionally scintillating diary that recounted a yearlong affair between the two married scholars. A few days later, Ms. Chang tried to retract her sprawling tell-all but the damage was done.


On Thursday Mr. Yi, director of the Central Compilation and Translation Bureau, was dismissed from his job. Xinhua, the state news agency, kept its dispatch brief and clean: Mr. Yi, it said, was let go over “lifestyle issues.”


In a season when dozens of ethically challenged Chinese officials have been felled by their lust for women, money and luxury timepieces, the downfall of Mr. Yi prompted a hearty round of snickering and schadenfreude, and not only because his vice minister rank made him one of the more senior party members to lose his job over official malfeasance.


“People have come to treat such news as entertainment, but that’s only because we feel so helpless,” said Zhu Ruifeng, a muckraking journalist who specializes in the misdeeds of Chinese officials.


Mr. Yi’s main job, after all, was to propagate the leftist and often puritanical teachings of Mao Zedong and other Communist luminaries at a time when many Chinese have grown disenchanted by the seeming lack of rectitude among their leaders. The headline in the Qianjiang Evening News of Hangzhou seemed to sum up the public’s disgust: “Mouthful of Marxism-Leninism, Mind Full of Filth and Vice.” The commentary went on to lambast Mr. Yi for selling positions at his institute, which has a staff of nearly 300 and is charged with translating Marxist tracts into Chinese and Chinese government documents into a number of foreign languages.


Even if party leaders ultimately tossed Mr. Yi overboard, it was the Internet that sealed his fate. Over the past two months, a parade of corrupt officials have been exposed by enterprising journalists, anonymous tipsters — or in Mr. Yi’s case, jilted lovers.


Recent cases include the relatives of a housing official in Henan Province who had collected 31 properties and a deputy mayor in Guangdong Province who was fired and placed under investigation after his cozy ties to a local drug gang were publicly revealed by a disgruntled underling.


Given China’s normally tight censorship restrictions, some analysts have suggested that the spate of scandals appearing online are a sign the new leadership is committed to fighting corruption in the party. During his inaugural address in November, Xi Jinping, the new Communist Party chief and incoming president, warned that unchecked graft threatened to destroy the party.


Indeed, Xinhua, on its microblog account, tried to put a positive spin on the latest scandal, saying “The resolute management of problematic officials shows the determination of the party’s fight against corruption.”


Judging from the deluge of biting commentary on Sina Weibo, the Chinese equivalent of Twitter, not many people were convinced. “The shameful step-down of this minister-level official once again proves the Internet wisdom: rumors are but prophesies,” Xue Manzi, a well-followed businessman, wrote on his microblog.


When it comes to Chinese-style scandal, Mr. Yi’s transgressions — at least those alleged by his former lover — are not particularly spectacular. He seems to have had a fondness for sushi and sake, and for lunchtime tête-à-têtes at a Beijing hotel with Ms. Chang — 17 of them, by her count.


She described a man who enjoyed talking politics, but also about his own achievements. “I am quite talented after all,” he supposedly said after recounting the favorable impression he made on Mr. Xi, the party chief. Ms. Chang does not exactly come off as a naïf. After bribing him with Swarovski baubles, a bottle of Boss cologne and an additional $8,000, she said she grew angry when Mr. Yi failed to secure her a permanent position at his institute. She was also not pleased to learn he had other lovers. In the end, she admits she tried to blackmail him, demanding nearly $50,000 to leave him alone.


After the diary’s release, Ms. Chang tried to backpedal, saying she was depressed and nearly delusional from working too much when she wrote its 100,000 characters. “In my spare time I put together a work of fiction,” she said.


Patrick Zuo contributed research.



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Mo. lawmaker wants tax on violent video games






JEFFERSON CITY, Mo. (AP) — A Republican lawmaker from rural Missouri bucked her party’s anti-tax bent on Tuesday and called for a sales tax on violent video games in response to a deadly Connecticut school shooting.


Rep. Diane Franklin, of Camdenton, said the proposed 1 percent sales tax would help pay for mental health programs and law enforcement measures aimed at preventing mass shootings. The tax would be levied on video games rated “teen,” ”mature” and “adult-only” by the Entertainment Software Rating Board, the organization in charge of rating video games.






The rating board classifies games as “teen” if they contain violence, suggestive themes and crude humor. The popular music game “Guitar Hero” has a teen rating and would be taxed under Franklin’s plan. Another popular title, “Call of Duty,” has a mature rating and also would be subject to the sales tax. “Mature” games are deemed suitable for people 17 and older and may contain intense violence and gore.


“History shows there is a mental health component to these shootings,” Franklin said, referring to the Sandy Hook Elementary School shooting that killed 20 students and six adults in Newtown, Conn., and the Aurora, Colo., movie theater shooting that left 14 dead.


Franklin’s plan is the latest in a string of measures proposed in response to recent mass shootings. Another Missouri Republican has filed a measure that would allow teachers to carry guns in the classroom. On the national level, Vice President Joe Biden is leading an effort to reduce gun violence and is expected to reveal recommendations Wednesday that include steps to improve school safety and mental health care, as well as address violence in entertainment and video games.


Franklin’s proposal already faces opposition from the Entertainment Software Association, which represents companies that publish computer and video games.


“Taxing First Amendment protected speech based on its content is not only wrong, but will end up costing Missouri taxpayers,” the association said in a written statement.


Tax increases typically are a hard sell in Missouri. This past November, voters rejected a proposed tobacco tax increase for the third time in a decade, choosing instead to leave the state’s cigarette tax at the lowest level in the nation. Republican legislative leaders and Democratic Gov. Jay Nixon both have taken stands against tax increases.


Other proposals to tax violent video games failed in Oklahoma in 2012 and New Mexico in 2008. In Oklahoma, Republican state Rep. William Fourkiller had proposed a violent video games tax to combat childhood obesity and school bullying, but his plan failed to make it out of a committee.


Other non-tax efforts to curb the effect of violent video games also have fallen short. U.S. Sen. Jay Rockefeller, D-W. Va., put forward a measure last year for the study of the impact of violent video games on children, but it failed. A California law banning the sale of violent games to minors was struck down by the U.S. Supreme Court in 2011.


The Entertainment Merchant’s Association sent a letter to Biden last week urging him to look elsewhere when it comes to his plans on gun violence.


“Make no mistake: blaming movies and video games is an attempt to distract the attention of the public and the media from meaningful action that will keep our children safer,” wrote the merchant’s association, a lobbying group for the home entertainment industry.


Others, however, have criticized the video game industry and its role in mass shootings.


“There exists in this country a callous, corrupt and corrupting shadow industry that sells, and sows, violence against its own people,” National Rifle Association Executive Vice President Wayne LaPierre said at a December news conference.


Franklin said she hopes her bill will “start a discussion” on the relationship between violent games and mental illness. Franklin, who has a granddaughter in kindergarten, added she is concerned about the safety of schools and universities in the state.


In 2008, there were 298 million video games sold in the U.S., generating $ 11.7 billion in revenue. Six of the 10 best-selling games included violence, and four carried a “mature” rating.


Franklin’s bill was formally introduced Monday and must be referred and approved by a committee before being considered on the House floor.


Gaming News Headlines – Yahoo! News





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William &#38; Kate and Harry's Gift List Reveals Riches from Their Travels









01/18/2013 at 08:20 AM EST



What's on the gift list when party-lover Prince Harry comes to visit you? Reach for the rum.

For the Duke and Duchess of Cambridge? How about matching bathrobes from a fabled hotel.

These are just some of the gifts received last year by the Princes and Kate during their travels on behalf of Queen Elizabeth. (For the full list, click here.)

While William, 30, was given a prized dagger by the King of Malaysia, he and Kate were handed robes by the historic Raffles Hotel in Singapore.

William & Kate and Harry's Gift List Reveals Riches from Their Travels| The British Royals, Kate Middleton, Prince Harry, Prince William

Prince Harry, with a kangaroo he was given by Australian athletes, with the Duchess of Cambridge

Landov

Gifts for Kate, 31, tended to be fashion choices, including eight handbags or clutch bags that came during the couple's tour of southeast Asia,. She was also presented with sarongs in the Solomon Islands, and a sari in Malaysia.

During his March visit to Brazil and the Caribbean, Harry, 28, was given Brazilian soccer shirts, local liquor and, in the Bahamas, a magnifying glass. The Governor of Rio handed him a Beatles CD and a book.

And, should he want to pimp up his ride back home, he can always display the personalized license plate saying "HARRY" that he received while he toured Brazil. You go, Harry.

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Food servers more vulnerable to legal threats


WASHINGTON (AP) — People with severe food allergies have a new tool in their attempt to find menus that fit their diet: federal disabilities law. And that could leave schools, restaurants and anyplace else that serves food more vulnerable to legal challenges over food sensitivities.


A settlement stemming from a lack of gluten-free foods available to students at a Massachusetts university could serve as a precedent for people with other allergies or conditions, including peanut sensitivities or diabetes. Institutions and businesses subject to the Americans With Disabilities Act could be open to lawsuits if they fail to honor requests for accommodations by people with food allergies.


Colleges and universities are especially vulnerable because they know their students and often require them to eat on campus, Eve Hill of the Justice Department's civil rights division says. But a restaurant also could be liable if it blatantly ignored a customer's request for certain foods and caused that person to become ill, though that case might be harder to argue if the customer had just walked in off the street, Hill said.


The settlement with Lesley University, reached last month but drawing little attention, will require the Cambridge, Mass., institution to serve gluten-free foods and make other accommodations for students who have celiac disease. At least one student complained to the federal government after the school would not exempt the student from a meal plan even though the student couldn't eat the food.


"All colleges should heed this settlement and take steps to make accommodations," says Alice Bast, president and founder of the National Foundation for Celiac Awareness. "To our community this is definitely a precedent."


People who suffer from celiac disease don't absorb nutrients well and can get sick from the gluten found in wheat, rye and barley. The illness, which affects around 2 million Americans, causes abdominal pain, bloating and diarrhea, and people who have it can suffer weight loss, fatigue, rashes and other problems. Celiac is a diagnosed illness that is more severe than gluten sensitivity, which some people self-diagnose.


Ten years ago, most people had never heard of celiac disease. But awareness has exploded in recent years, for reasons that aren't entirely clear. Some researchers say it was under-diagnosed, others say it's because people eat more processed wheat products like pastas and baked goods than in past decades, and those items use types of wheat that have a higher gluten content.


Gluten-free diets have expanded beyond those with celiac disease. Millions of people are buying gluten-free foods because they say they make them feel better, even if they don't have a wheat allergy. Americans were expected to spend $7 billion on gluten-free foods last year.


With so many people suddenly concerned with gluten content, colleges and universities have had to make accommodations. Some will allow students to be exempted from meal plans, while others will work with students individually. They may need to do even more now as the federal government is watching.


"These kids don't want to be isolated," Bast says. "Part of the college experience is being social. If you can't even eat in the school cafeteria then you are missing out on a big part of college life."


Under the Justice Department agreement, Lesley University says it will not only provide gluten-free options in its dining hall but also allow students to pre-order, provide a dedicated space for storage and preparation to avoid cross-contamination, train staff about food allergies and pay a $50,000 cash settlement to the affected students.


"We are not saying what the general meal plan has to serve or not," Hill says. "We are saying that when a college has a mandatory meal plan they have to be prepared to make reasonable modifications to that meal plan to accommodate students with disabilities."


The agreement says that food allergies may constitute a disability under the Americans With Disabilities Act, if they are severe enough. The definition was made possible under 2009 amendments to the disability law that allowed for episodic impairments that substantially limit activity.


"By preventing people from eating, they are really preventing them from accessing their educational program," Hill said of the school and its students.


Mary Pat Lohse, the chief of staff and senior adviser to Lesley University's president, says the school has been working with the Justice Department for more than three years to address students' complaints. She says the school has already implemented most parts of the settlement and will continue to update policies to serve students who need gluten-free foods.


"The settlement agreement provides a positive road map for other colleges and universities to follow with regard to accommodating students with food allergies and modifying existing food service plans," Lohse said.


Some say the Justice Department decision goes too far. Hans von Spakovsky, a fellow at the conservative Heritage Foundation who worked in the civil rights division of the Justice Department under President George W. Bush, says food allergies shouldn't apply under the disability act. He adds that the costs could be substantial when schools are already battling backlash from high tuition costs.


"I certainly encourage colleges and universities to work with students on this issue, but the fact that this is a federal case and the Justice Department is going to be deciding what kind of meals could be served in a dining hall is just absurd," he said.


Whether the government is involved or not, schools and other food service establishments are likely to hear from those who want more gluten-free foods. Dhanu Thiyagarajan, a sophomore at the University of Pittsburgh, said she decided to speak up when she arrived at school and lost weight because there were too few gluten-free options in the cafeteria. Like Lesley University, the University of Pittsburgh requires that on-campus students participate in a meal plan.


Thiyagarajan eventually moved off campus so she could cook her own food, but not before starting an organization of students who suffer from wheat allergies like hers. She says she is now working with food service at the school and they have made a lot of progress, though not enough for her to move back on campus.


L. Scott Lissner, the disability coordinator at Ohio State University, says he has seen similar situations at his school, though people with food allergies have not traditionally thought of themselves as disabled. He says schools will eventually have to do more than just exempt students from a meal plan.


"This is an early decision on a growing wave of needs that universities are going to have to address," he said of the Lesley University agreement.


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Stock futures mixed as Intel offsets Morgan Stanley, China data


NEW YORK (Reuters) - Stock index futures were little changed on Friday, a day after the S&P 500 rose to its highest level in five years, as a weak outlook from Intel was weighed against encouraging data out of China and a fourth-quarter profit at Morgan Stanley .


Shares of Intel Corp slumped 5.4 percent to $21.44 in premarket trading after the tech company forecast quarterly revenue that was below analysts' estimates and hiked capital spending plans for the year.


Futures got a lift after Morgan Stanley reported a fourth-quarter profit after a year-earlier loss, helped by higher revenue at the bank's institutional securities business. Its stock was up 7.2 percent at $22.25 in premarket trading.


Economic data out of China provided some support to the market. The country's economy grew at a modestly faster-than-expected 7.9 percent in the fourth quarter, the latest sign the world's second-biggest economy was pulling out of a post-global financial crisis slowdown which saw it grow in 2012 at its weakest pace since 1999.


S&P 500 futures rose 0.2 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures slipped 3 points, and Nasdaq 100 futures lost 8 points.


Stronger-than-expected economic data boosted the S&P 500 on Thursday to its highest level in five years. The index is now just 5.6 percent from a record closing peak of 1,565.15.


It would be a normal reaction for investors to take a pause at this point, but any weakness in the market could be a buying opportunity, said Andre Bakhos, director of market analytics at Lek Securities in New York.


"It's the type of market where it's starting to gain momentum and if investors miss the run, they're going to be behind the eight ball early in the year," said Bakhos.


General Electric reported a rise in earnings on Friday, pushing its shares up 3.5 percent in premarket trading to $22.05.


Johnson Controls dropped 2.6 percent to $31.12 after its profit fell and the company forecast further declines.


Overall, S&P 500 company earnings are expected to have risen 2.3 percent in the fourth quarter, Thomson Reuters data showed. Expectations for the quarter have dropped considerably since October, when a 9.9 percent gain was estimated.


AT&T warned after Thursday's closing bell that it will take a fourth-quarter charge of about $10 billion due to bigger-than-expected pension obligations. Shares of the telephone company fell 1.4 percent to $32.74 in premarket trading Friday.


On the economic front, a report on consumer sentiment in early January will be released at 9:55 am ET (1455 GMT).


(Editing by Bernadette Baum)



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IHT Rendezvous: Is Something Toxic Buried in China's Financial System?

BEIJING — China’s economy, whizzing ahead as the West struggles, seems quite remarkable. Perhaps a little too remarkable? Like many things too good to be true, is it all a little, well, too good to be true?

There will be the yea- and nay-sayers in any debate, and China’s economy provokes plenty of both. So here’s the “yea” side: the forces of urbanization and industrialization unleashed here in the 1970s after the death of Mao Zedong represent a historically singular phase that still has a way to go.

Here’s the “nay” side: that’s true, but we need to look at what’s actually happening in China’s financial system — is it safe? The trouble is, that system is mostly hidden from the outside world by a combination of language difficulty and the pitch-dark opacity that envelops much important business here. What’s interesting about the “nay” argument is that increasingly, it’s Chinese media and some prominent Chinese economists who are making it.

And of course all of this matters to the world because China is by now deeply part of the global economy, so what happens here affects everyone.

A Hong Kong online magazine that follows the Chinese-language debate closely recently presented a clear argument: among key concerns about China’s financial system are wealth management products offered by “trust companies,” part of the shadow banking system that operates outside the official banking sector but is entwined with it.

As Week in China wrote recently: “Analysts worry that the trust firms (and their wealth management products) could provide an explosive element to China’s financial landscape — much as toxic CDO’s made the American system vulnerable.”

CDO’s, of course, are collateralized debt obligations, those complicated financial tools that spurred unhealthy debt and lending in the United States, causing shocks that spread around the world when the system collapsed in 2007. (This graphic makes them as simple as possible.)

For some time, Chinese-language media have been looking at the scene, with outlets such as the 21st Century Business Herald and the National Business Daily leading the way.

Spurring concern was a recent remark by Xiao Gang, the chairman of the Bank of China, that the way trust companies were run was, potentially, “fundamentally a Ponzi scheme.” (The report is in English.)

It is difficult to measure the amount and value of wealth management products in circulation in China, wrote Mr. Xiao. (Mr. Xiao has been a proponent of Chinese banks vigorously investing overseas.)

“KPMG reports that trust companies will soon overtake insurance to become the second-largest sector in the Chinese financial industry. According to a report by CN Benefit, a Chinese wealth-management consultancy, sales of WMP’s soared 43 percent in the first half of 2012 to 12.14 trillion yuan,” or $1.9 trillion, he wrote.

Either way, there are now “more than 20,000” wealth management products in circulation, “a dramatic increase from only a few hundred just five years ago.”

“Given that the number is so big and hard to manage, China’s shadow banking sector has become a potential source of systemic financial risk over the next few years,” wrote Mr. Xiao. “Particularly worrisome is the quality and transparency of WMP’s. Many assets underlying the products are dependent on some empty real estate property or long-term infrastructure, and are sometimes even linked to high-risk projects, which may find it impossible to generate sufficient cash flow to meet repayment obligations.”

The details are complex. But Week in China’s conclusion is this: “WiC suspects — along with swathes of the Chinese press — that the trusts and their wealth management products have now intertwined to become the weakest link in the Chinese financial system. In recent weeks it’s become clearer that these obscure institutions have waded into some wayward financial positions,” with certain companies, such as Zhongrong Trust and Shangdong International Trust, particularly involved.

“The question now is whether this might lead to a broader crisis,” the magazine wrote.

“On balance that may still be a way off,” it wrote.

As long as the economy expands at close to 8 percent a year, “the trusts may be able to ‘grow’ out of their bad assets. But if one of the major players collapses, the dynamic may be much more explosive. As Charles Ponzi well understood, confidence is everything,” it concluded.

Last week, several Chinese-language media reported the big four state banks had stopped selling trust company products to clients in Beijing and were scaling back in Guangzhou. “The official clampdown on the trusts might already have begun,” wrote Week in China.

Read the story and see what you think: Is China veering towards a U.S.-style financial crisis, or will it take action and avoid one? Or is the concern overblown?

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Missouri Lawmaker Wants Violent Video Games Taxed






A rural Missouri lawmaker wants her state to tax certain video games to help curb gun violence. The Associated Press reports state Rep. Diane Franklin, R-Camdenton, believes a 1 percent sales tax on video games rated teen, mature and adults only would help finance mental health programs aimed at reducing gun violence such as the recent mass shooting at Sandy Hook Elementary School in Newtown, Conn.


What does the legislation propose?






House Bill 157 proposes to create “an excise tax based on the gross receipts or gross proceeds of each sale” of video games rated by the Entertainment Software Rating Board (ESRB). The tax also involves the “storage, use or other consumption” of violent video games in Missouri including “tangible personal property.” This means the tax could extend to memorabilia derived from the games such as toys, clothing and video game accessories.


How does the legislation hope to enhance public safety?


The law hopes to procure “new and additional funding for treatment of mental health conditions associated with exposure to violent video games… .” The revenue from the tax cannot be used to replace existing revenue already in place. Franklin deems the legislation “necessary for the immediate preservation of the public health, welfare, peace and safety.” Therefore, if the legislation passes it will go into effect immediately. There is no mention in the legislation as to how much revenue should be generated, nor does it say whether the sales tax is just on new merchandise as opposed to used games on the secondary market.


Have similar laws been considered before?


A similar proposal was struck down in mid-February in Oklahoma. Democrat William Fourkiller crafted legislation in 2012 that is very similar to Franklin’s idea in Missouri. A subcommittee struck down the bill by a 6-5 margin. Fourkiller, in defending the law , said it wasn’t a “magic bullet” but that Oklahoma had “to start somewhere” to curb childhood violence. Oklahoma also would have taxed ESRB teen, mature and adults only games at a rate of 1 percent.


Does the Missouri law have a chance to pass?


CNN notes a federal appeals court made a ruling in 2003 that video games are free speech protected by the First Amendment. Ironically, it was a federal case stemming from St. Louis County, Mo., that created the precedent for video games as free speech. Senior U.S. District Judge Stephen Limbaugh’s decision was reversed by an appellate panel. The ruling came shortly after the state of Washington banned the sale of certain video games to children under the age of 17. Gamasutra reveals New Mexico also tried, and failed, to pass a similar law in 2008.


What are Franklin’s credentials as they relate to the proposed bill?


Franklin was first elected in 2010 from Camdenton. She is a mother of two sons and served on Camdenton School Board from 1993 to 1999. She sits on the House Appropriations-Education committee. Franklin is a third-generation small business owner and comes from a farming family. Missouri Republicans currently have a veto-proof supermajority in the General Assembly. Camdenton is a small city of around 3,700 people near Lake of the Ozarks in central Missouri.


William Browning is a research librarian specializing in U.S. politics.


Gaming News Headlines – Yahoo! News





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Pawn Stars's Rick Harrison Sets Wedding Date















01/17/2013 at 08:30 AM EST







Rick Harrison and Deanna Burditt


MJT/AdMedia


Rick Harrison has gone from pawning to planning.

After months of going back and forth, the Pawn Stars ringleader and his fiancée, Deanna Burditt, have finally set a date for their wedding: July 21.

But the date is just the beginning for Harrison, 47, who tells PEOPLE, "She sticking me with all the planning!"

The nuptials – initially planned for Las Vegas – will now take place at the Ritz Carlton in Southern California's Laguna Beach.

"It will be a lot of friends and family," Harrison said while attending Wednesday night's opening of Wynn Las Vegas's Andrea's. "It started off with about 40 people and it's well over 100 people now. You know how those things go."

Aside from the guest count close to being finalized, Harrison said Danny Koker of the History Channel's Counting Cars will become an ordained minister and marry the couple, and Harrison's Pawn Stars costar Chumlee is set to be the ring bearer.

"I can't make that up," he said. "I just had no idea there was so much involved. I just thought you got a cake, had a party, buy a keg. But we're getting it done."

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Large study confirms flu vaccine safe in pregnancy


NEW YORK (AP) — A large study offers reassuring news for pregnant women: It's safe to get a flu shot.


The research found no evidence that the vaccine increases the risk of losing a fetus, and may prevent some deaths. Getting the flu while pregnant makes fetal death more likely, the Norwegian research showed.


The flu vaccine has long been considered safe for pregnant women and their fetus. U.S. health officials began recommending flu shots for them more than five decades ago, following a higher death rate in pregnant women during a flu pandemic in the late 1950s.


But the study is perhaps the largest look at the safety and value of flu vaccination during pregnancy, experts say.


"This is the kind of information we need to provide our patients when discussing that flu vaccine is important for everyone, particularly for pregnant women," said Dr. Geeta Swamy, a researcher who studies vaccines and pregnant women at Duke University Medical Center.


The study was released by the New England Journal of Medicine on Wednesday as the United States and Europe suffer through an early and intense flu season. A U.S. obstetricians group this week reminded members that it's not too late for their pregnant patients to get vaccinated.


The new study was led by the Norwegian Institute of Public Health. It tracked pregnancies in Norway in 2009 and 2010 during an international epidemic of a new swine flu strain.


Before 2009, pregnant women in Norway were not routinely advised to get flu shots. But during the pandemic, vaccinations against the new strain were recommended for those in their second or third trimester.


The study focused on more than 113,000 pregnancies. Of those, 492 ended in the death of the fetus. The researchers calculated that the risk of fetal death was nearly twice as high for women who weren't vaccinated as it was in vaccinated mothers.


U.S. flu vaccination rates for pregnant women grew in the wake of the 2009 swine flu pandemic, from less than 15 percent to about 50 percent. But health officials say those rates need to be higher to protect newborns as well. Infants can't be vaccinated until 6 months, but studies have shown they pick up some protection if their mothers got the annual shot, experts say.


Because some drugs and vaccines can be harmful to a fetus, there is a long-standing concern about giving any medicine to a pregnant woman, experts acknowledged. But this study should ease any worries about the flu shot, said Dr. Denise Jamieson of the Centers for Disease Control and Prevention.


"The vaccine is safe," she said.


___


Online:


Medical journal: http://www.nejm.org


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Stock futures add to gains after housing, claims data


NEW YORK (Reuters) - Stock index futures added to gains after data showed initial jobless claims fell to a five-year low last week and housing starts climbed to their highest rate since June 2008.


S&P 500 futures rose 6.3 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 8 points and Nasdaq 100 futures gained 12.25 points.


(Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)



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Defense Secretary Leon Panetta Meets Pope


Francesco Sforza/Osservatore Romano


Defense Secretary Leon E. Panetta met with Pope Benedict XVI at the Vatican on Wednesday.







ROME — On what is likely his last trip as defense secretary, Leon E. Panetta had an audience on Wednesday morning at the Vatican with Pope Benedict XVI, who told him, Mr. Panetta said, “Thank you for helping to protect the world.” Mr. Panetta said he replied, “Pray for me.”




Mr. Panetta, the son of Italian immigrants who attends Mass every Sunday, is halfway through a weeklong trip to Europe meant as a goodbye tour of American allies. Later on Wednesday he is to meet with the Italian prime minister, Mario Monti, as well as the president of Italy, Giorgio Napolitano.


Mr. Panetta’s audience with the pope was far from private, although he had a close-up view. Mr. Panetta sat in the front row of the Pope Pius VI Audience Hall, where some 7,000 others had gathered for the pope’s weekly audience. After an hour-long service, Mr. Panetta filed up with several dozen people, including a bride, to receive a blessing from the pope, who spoke to him at that time.


Defense officials said that Mr. Panetta previously had an audience with Pope John Paul II when Mr. Panetta, who was a budget director and a chief of staff to President Bill Clinton, accompanied Mr. Clinton to Rome. He also had an audience with Pope John Paul II in Washington.


Mr. Panetta is to be succeeded by Chuck Hagel, who is preparing for Senate confirmation hearings later this month or early next month. After 28 months as defense secretary and many decades in government, Mr. Panetta plans to return to his walnut farm in Carmel Valley, California.


He has also visited Spain and Portugal during the trip. On Tuesday, in Lisbon, Mr. Panetta restated the administration position that the United States would not send ground troops to Mali, where militants were pushing toward one of Mali’s largest cities as France continued with airstrikes and pledged more troops.


“There is no consideration of putting any American boots on the ground at this time,” he said.


Later on Tuesday in Madrid he reiterated that the United States would offer France air and logistical support but declined to be more specific. He said that France faced a difficult task in trying to rout extremists from a vast area in northern Mali and that the Pentagon remained in talks with the French over what kind of military aid the United States would provide.


At a news conference in Madrid, Mr. Panetta deflected a question asking him to assess any progress the French had made against the extremists, who overran a central village on Monday only hours after the French foreign minister said confidently that France had blocked “the advance of the terrorists.” Mr. Panetta said the United States was “still trying to get a read” on French efforts and strategy.


“I can’t really give you a full analysis as to just exactly what they’re targeting and how successful or not successful they may be in that effort as of this moment,” Mr. Panetta said at a joint news conference with the Spanish defense minister, Pedro Morenés. But Mr. Panetta added that “any time you confront an enemy that is dispersed and that is not located necessarily in one area makes it challenging, and the ability to go after that enemy and be able to stop them from moving forward represents a difficult task.”


 


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iPhone demand said to be ‘robust,’ recent cuts don’t reflect weak demand







Following recent reports from Nikkei and The Wall Street Journal that suggested Apple (AAPL) slashed iPhone 5 component orders in half due to weak demand,  the company’s stock fell significantly and opened below $ 500 for the first time in nearly a year. The reports have been called into question, however, with many believing they do not represent true consumer interest. Shaw Wu of Sterne Agee wrote in a note to investors on Tuesday, per Apple Insider, that his supply chain checks have indicated that demand for the iPhone 5 “remains robust.” The analyst believes the recent reports are a result of improved yield rates and possibly Apple’s recent supplier changes.


[More from BGR: PlayStation 4 and Xbox 720 could cost just $ 350, expected to launch this fall]






Despite the recent concerns, Wu expects Apple to post better-than-expected earnings for the December quarter led by sales of 47.5 million iPhones with a gross margin of 38.7%. Both estimates are above Wall Street’s expectations of between 46 to 47 million iPhones and a 38.3% gross margin.


[More from BGR: HTC One SV review]


Sterne Agee reiterated its Buy rating on shares of Apple with a price target of $ 840.


Wu’s expectations remain bullish compared to other Wall Street analysts. Stuart Jeffrey of Nomura is the most recent analyst to cut his outlook on Apple stock. Nomura reduced the company’s price target to $ 530 from $ 660 Tuesday morning, citing weak demand for the iPhone 5 and increased pressure on Apple’s margins.


This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News




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Jessica Simpson: Second Pregnancy Was a Shock, Much Different Than First

Jessica Simpson: Second Pregnancy Was a Shock
Paul Drinkwater/NBC


Jessica Simpson says she was channeling a certain curvaceous reality star when she posted for a bikini bump self-portrait on Twitter during her Christmas holiday in Hawaii.


“I felt really hot, and I thought I deserved a Kim Kardashian moment, you know? I was really feeling it, like, ‘Oh, my bump looks cute. I’m going to share that,’” the Fashion Star mentor quipped during an appearance on Tuesday’s Tonight Show with Jay Leno.


But Simpson, 32, says her second pregnancy has been anything but a feel-good time. She’s been nauseated and not having the same sort of cravings as when she was expecting daughter Maxwell Drew, who’s now 8 months old and beginning to crawl.

“I’ve been really, really sick so I can’t wait to actually be able to crave something like I did in my first pregnancy,” the singer and actress explains. “I’m due in the summer so I still have a ways to go — hopefully I start feeling better.”


That morning sickness may be a good thing for the Weight Watchers spokeswoman. Simpson says she gained “a lot more” than her doctors recommended the first go-round, but this time she hopes to eat healthier and not go too crazy.


“I didn’t really make any healthy, good decisions,” she says of her first pregnancy. “The last time I ate everything in sight. I was really happy to be pregnant and I just didn’t even step on the scale. I was the person who turned around and said, ‘Just don’t tell me, I’m having fun.’”


“I guess I just didn’t realize you could gain that much weight that quickly,” Simpson explains. “I had fun doing it but once I had Maxwell I realized that it all wasn’t water weight and I had to really work hard. In four months I lost over 50 pounds.”


The second pregnancy, she added, was not planned and surprised both her and fiancé Eric Johnson, whom she joked was “really proud” that it happened all over again so quickly.


“Apparently it was a part of God’s plan for my life,” Simpson says with a laugh. “I was extremely shocked. I was shocked because I was going through a lot of hormonal changes trying to get back to the old, vibrant Jessica. And you know, it was kind of like a one-night stand. And it happened … all over again!”


Her much-anticipated wedding, she says, just keeps getting pushed back.


“We’ve had two different wedding dates, but he keeps knocking me up,” Simpson wisecracks. “I’m doing it very backwards, I know! I’ll just keep my legs crossed this time.”



– Andrea Billups


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ER visits tied to energy drinks double since 2007


SAN FRANCISCO (AP) — A new government survey suggests the number of people seeking emergency treatment after consuming energy drinks has doubled nationwide during the past four years, the same period in which the supercharged drink industry has surged in popularity in convenience stores, bars and on college campuses.


From 2007 to 2011, the government estimates the number of emergency room visits involving the neon-labeled beverages shot up from about 10,000 to more than 20,000. Most of those cases involved teens or young adults, according to a survey of the nation's hospitals released late last week by the Substance Abuse and Mental Health Services Administration.


The report doesn't specify which symptoms brought people to the emergency room but calls energy drink consumption a "rising public health problem" that can cause insomnia, nervousness, headache, fast heartbeat and seizures that are severe enough to require emergency care.


Several emergency physicians said they had seen a clear uptick in the number of patients suffering from irregular heartbeats, anxiety and heart attacks who said they had recently downed an energy drink.


More than half of the patients considered in the survey who wound up in the emergency room told doctors they had downed only energy drinks. In 2011, about 42 percent of the cases involved energy drinks in combination with alcohol or drugs, such as the stimulants Adderall or Ritalin.


"A lot of people don't realize the strength of these things. I had someone come in recently who had drunk three energy drinks in an hour, which is the equivalent of 15 cups of coffee," said Howard Mell, an emergency physician in the suburbs of Cleveland, who serves as a spokesman for the American College of Emergency Physicians. "Essentially he gave himself a stress test and thankfully he passed. But if he had a weak heart or suffered from coronary disease and didn't know it, this could have precipitated very bad things."


The findings came as concerns over energy drinks have intensified following reports last fall of 18 deaths possibly tied to the drinks — including a 14-year-old Maryland girl who died after drinking two large cans of Monster Energy drinks. Monster does not believe its products were responsible for the death.


Two senators are calling for the Food and Drug Administration to investigate safety concerns about energy drinks and their ingredients.


The energy drink industry says its drinks are safe and there is no proof linking its products to the adverse reactions.


Late last year, the FDA asked the U.S. Health and Human Services to update the figures its substance abuse research arm compiles about emergency room visits tied to energy drinks.


The Substance Abuse and Mental Health Services Administration's survey was based on responses it receives from about 230 hospitals each year, a representative sample of about 5 percent of emergency departments nationwide. The agency then uses those responses to estimate the number of energy drink-related emergency department visits nationwide.


The more than 20,000 cases estimated for 2011 represent a small portion of the annual 136 million emergency room visits tracked by Centers for Disease Control and Prevention.


The FDA said it was considering the findings and pressing for more details as it undertakes a broad review of the safety of energy drinks and related ingredients this spring.


"We will examine this additional information ... as a part of our ongoing investigation into potential safety issues surrounding the use of energy-drink products," FDA spokeswoman Shelly Burgess said in a statement.


Beverage manufacturers fired back at the survey, saying the statistics were misleading and taken out of context.


"This report does not share information about the overall health of those who may have consumed energy drinks, or what symptoms brought them to the ER in the first place," the American Beverage Association said in a statement. "There is no basis by which to understand the overall caffeine intake of any of these individuals — from all sources."


Energy drinks remain a small part of the carbonated soft drinks market, representing only 3.3 percent of sales volume, according to the industry tracker Beverage Digest. Even as soda consumption has flagged in recent years, energy drinks sales are growing rapidly.


In 2011, sales volume for energy drinks rose by almost 17 percent, with the top three companies — Monster, Red Bull and Rockstar — each logging double-digit gains, Beverage Digest found. The drinks are often marketed at sporting events that are popular among younger people such as surfing and skateboarding.


From 2007 to 2011, the most recent year for which data was available, people from 18 to 25 were the most common age group seeking emergency treatment for energy drink-related reactions, the report found.


"We were really concerned to find that in four years the number of emergency department visits almost doubled, and these drinks are largely marketed to younger people," said Al Woodward, a senior statistical analyst with the Substance Abuse and Mental Health Services Administration who worked on the report.


Emergency physician Steve Sun said he had seen an increase in such cases at the Catholic hospital where he works on the edge of San Francisco's Golden Gate Park.


"I saw one young man who had mixed energy drinks with alcohol and we had to admit him to the hospital because he was so dehydrated he had renal failure," Sun said. "Because he was young he did well in the hospital, but if another patient had had underlying coronary artery disease, it could have led to a heart attack."


___


Follow Garance Burke on Twitter at http://twitter.com/garanceburke


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Stock futures dip, Boeing in focus; JPMorgan, Goldman report


NEW YORK (Reuters) - U.S. stock index futures slipped on Wednesday with shares of Boeing set to weigh on the market after two Japanese airlines grounded their Dreamliner fleets.


JPMorgan Chase & Co said fourth-quarter net income jumped 53 percent and earnings for 2012 set a record, while earnings at Goldman Sachs nearly tripled. Goldman shares rose 2.2 percent in premarket trading; JPMorgan slipped 0.9 percent in choppy trading.


"Clearly, the near-term focus is on earnings more than anything else, specifically on financials," said Art Hogan, managing director of Lazard Capital Markets in New York.


Shares of Dow component Boeing slumped 4.7 percent in premarket trading on concerns about the safety of its new Dreamliner passenger jets. Japan's two leading airlines grounded their fleets of 787s on Wednesday after one of the aircraft made an emergency landing, adding to safety concerns triggered by a ream of recent incidents.


"It's hard to know if it is a series of coincidences, but it is certainly putting pressure on Boeing this morning," Hogan said.


S&P 500 futures fell 4.6 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 45 points, and Nasdaq 100 futures lost 1 point.


The Dow and S&P 500 rose Tuesday after stronger-than-expected retail data, with the S&P closing at a fresh five-year high of 1,472.34.


Talks to take Dell Inc private were at an advanced stage, with at least four major banks lined up to provide financing, two sources with knowledge of the matter told Reuters. Shares fell 3.2 percent in premarket trading, after jumping more than 21 percent over the past two sessions.


On the data front, the Labor Department releases December Real Earnings and Consumer Price Index at 8:30 a.m. ET(1330 GMT). Economists in a Reuters survey expect an unchanged CPI reading, while excluding food and energy items CPI is seen up 0.2 percent.


Real Earnings are seen a 0.3 percent higher, compared with a 0.5 percent rise in November.


A slow economic recovery in developed nations is holding back the global economy, the World Bank said, as it sharply cut its outlook for world growth in 2013. Global gross domestic product will rise 2.4 percent this year, the bank said, down from its June forecast of 3.0 percent growth in 2013.


(Reporting by Rodrigo Campos; Editing by Bernadette Baum)



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IHT Rendezvous: And Now, via Google, Time Travel Through the Streets of Segovia

PARIS — Last month, Google and the Network of Jewish Quarters in Madrid announced an online pilot project that offers an expansive street-level tour of Spain’s long-ignored medieval neighborhoods that were emptied by the Spanish Inquisition. As I explored the site, to my surprise, the photographs of ancient, sand-colored stone walls in Segovia connected me with my own ancestors: my 16th great-grandparents.

The project is designed to offer a digital stroll through 1,000 years of history that was long buried and ignored: the legacy of the expulsion of Jews in 1492 by the Spanish monarchs Ferdinand and Isabella. The platform offers historical timelines, maps and photographs of ancient landmarks of Jewish life. Among them are the butcher shop at the entrance to Barcelona’s Jewish quarter at Sant Domènec street and my personal favorite, the 14th-century Tower of Love, in Palma on the island of Majorca. The tower figured in a clash between two prominent Jews over the affections of a woman, allowing one of them to spy on the other in the narrow lane of the quarter until a king intervened.

It is those kinds of intangible memories that the Spanish Network of Jewish Quarters, a nonprofit association founded in 1995, is hoping to pass on to a broader global audience. Google, which financed the project, has grand ambitions to create a platform that other institutions can use to mix information and history with a mapping system, according to William Echikson, a Google spokesman in Europe.

The project’s release comes within weeks of the Spanish government’s offer of citizenship to descendants of expelled Sephardic Jews with current religious ties. In Córdoba, local officials in Andalusia have also struck an agreement with the catering industry to open up the14th-century Córdoba synagogue for weddings in a bid to boost Jewish tourism. The new site allows visitors a glimpse of its neighborhood, Calle Judío.

“Maybe this will help people to trace their family roots from around the world so that they can figure out connections,” said Assumpció Hosta, general secretary of the network. “And maybe this will also give the citizens of Spain knowledge about their own history that has been neglected for years.”

In my own case, I made the acquaintance of my 16th great-grandparents only recently, while poring through genealogy records to trace the lines of my grandmother, Ángela Chacón. Her family lived in Costa Rica for generations and intermarried with other Catholic converso families like the Carvajals, who guarded their secret Sephardic Jewish identity for centuries.

Two weeks of exploring my grandmother’s line led me to distant great-grandfathers who were conquistadors in New Spain, one who searched fruitlessly for El Dorado. Others led me to ancestors in the south of Spain and in Segovia, home of Diego Arías Dávila, my distant great-grandfather, who was the wealthy royal treasurer for Enrique IV, the king of Castile and León and the half-brother of Queen Isabella, who succeeded him.

Diego Arías Dávila and his wife and my ancestor, Elvira González, were Jews whose families converted to Christianity in the tense decades leading up to the start of the Inquisition in 1478. After their deaths, they were posthumously tried in 1486 by the Inquisition for heresy for secretly maintaining Jewish rituals despite their conversions. Their son, Juan, the Catholic bishop of Segovia, was also accused of heresy, and retreated in exile to Rome, where he died trying to clear the family’s name.

I have never been to Segovia, but the new Web site took me on a haunting stroll to a street framed by stone walls called Martínez Campos. It was the site of the Campo synagogue – built and paid for in 1456 by Elvira González, although she was then a convert. Nothing remains of the building.  Another page took me on a tour of Merced Square, with a splashing fountain and towering monastery. It was there that Diego Arías Dávila
built a hospital with a chapel that existed until 1946. At one point, according to Inquisition records, Diego joked about being buried in a monastery there, prayed over by the monks and for good measure by the prayers of Jews at a neighboring synagogue.

But today, as I scroll through photos of Merced Square, I’m well aware that the remains of my ancestors have disappeared from Segovia – secretly removed from their tomb by their son, the bishop, who feared that the Inquisition would seize them and burn them in effigy as punishment for heresy.

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Lance Armstrong Admits Doping, Says Oprah Winfrey















01/15/2013 at 08:30 AM EST







Oprah Winfrey and Lance Armstrong


Heather Wines/CBS; Sipa


After being stripped of his seven Tour de France titles last August – and apparently lying in interviews for more than a decade – Lance Armstrong has admitted to using performance-enhancing drugs to win his multiple cycling championships, CBS News confirmed.

Armstrong, 41, made the personal confession to Oprah Winfrey in an interview to air over two nights starting Thursday on her OWN network, Winfrey announced Tuesday morning.

Appearing on CBS This Morning in what was basically a tease for her interview, Winfrey called her sit-down with the disgraced athlete "the biggest interview I've ever done," adding, "I would say he didn't come clean in the manner I expected."

She did say, however, she "was satisfied" and "riveted by some of his answers" to her 112 prepared questions.

Winfrey offered no specifics of what he said, other than to say that after about 90 minutes, while they were taking a break, Armstrong asked her, "Will there be a point where you lighten up?"

Asked by Eary Show's Charlie Rose if she found Armstrong "contrite," Winfrey did say he was "forthcoming," but "I choose not to characterize. I would prefer people make their own decisions."

She did admit he was "truthful, serious [and] certainly had prepared himself for this moment."

As for "why now," Winfrey said, "He was just ready," and she cited the mounting pressure upon Armstrong in the past weeks, which had "just increased in intensity."

Immediately following her interview with Armstrong, which took place Monday at the Austin, Texas, Four Season Hotel, Winfrey Tweeted: "Just wrapped with @lancearmstrong More than 2 1/2 hours . He came READY!" On CBS This Morning, she said he came with a small group of people, but "we did not allow the lawyers in the room."

The interview reportedly followed Armstrong's appearance at his Livestrong cancer charity offices in Austin, where he was said to have apologized to the 100 people on the staff.

There are also reports that Armstrong is in talks to return a portion of the millions of dollars in taxpayer money received by his former team, U.S. Postal Service, and that he may be willing to name others who used performance-enhancers.

In addition, CBS News reports that senior Justice Department officials have suggested that the government join a lawsuit filed by a former Postal Team member accusing Armstrong of defrauding the federal government.

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Hospitals crack down on workers refusing flu shots


CHICAGO (AP) — Patients can refuse a flu shot. Should doctors and nurses have that right, too? That is the thorny question surfacing as U.S. hospitals increasingly crack down on employees who won't get flu shots, with some workers losing their jobs over their refusal.


"Where does it say that I am no longer a patient if I'm a nurse," wondered Carrie Calhoun, a longtime critical care nurse in suburban Chicago who was fired last month after she refused a flu shot.


Hospitals' get-tougher measures coincide with an earlier-than-usual flu season hitting harder than in recent mild seasons. Flu is widespread in most states, and at least 20 children have died.


Most doctors and nurses do get flu shots. But in the past two months, at least 15 nurses and other hospital staffers in four states have been fired for refusing, and several others have resigned, according to affected workers, hospital authorities and published reports.


In Rhode Island, one of three states with tough penalties behind a mandatory vaccine policy for health care workers, more than 1,000 workers recently signed a petition opposing the policy, according to a labor union that has filed suit to end the regulation.


Why would people whose job is to protect sick patients refuse a flu shot? The reasons vary: allergies to flu vaccine, which are rare; religious objections; and skepticism about whether vaccinating health workers will prevent flu in patients.


Dr. Carolyn Bridges, associate director for adult immunization at the federal Centers for Disease Control and Prevention, says the strongest evidence is from studies in nursing homes, linking flu vaccination among health care workers with fewer patient deaths from all causes.


"We would all like to see stronger data," she said. But other evidence shows flu vaccination "significantly decreases" flu cases, she said. "It should work the same in a health care worker versus somebody out in the community."


Cancer nurse Joyce Gingerich is among the skeptics and says her decision to avoid the shot is mostly "a personal thing." She's among seven employees at IU Health Goshen Hospital in northern Indiana who were recently fired for refusing flu shots. Gingerich said she gets other vaccinations but thinks it should be a choice. She opposes "the injustice of being forced to put something in my body."


Medical ethicist Art Caplan says health care workers' ethical obligation to protect patients trumps their individual rights.


"If you don't want to do it, you shouldn't work in that environment," said Caplan, medical ethics chief at New York University's Langone Medical Center. "Patients should demand that their health care provider gets flu shots — and they should ask them."


For some people, flu causes only mild symptoms. But it can also lead to pneumonia, and there are thousands of hospitalizations and deaths each year. The number of deaths has varied in recent decades from about 3,000 to 49,000.


A survey by CDC researchers found that in 2011, more than 400 U.S. hospitals required flu vaccinations for their employees and 29 hospitals fired unvaccinated employees.


At Calhoun's hospital, Alexian Brothers Medical Center in Elk Grove Village, Ill., unvaccinated workers granted exemptions must wear masks and tell patients, "I'm wearing the mask for your safety," Calhoun says. She says that's discriminatory and may make patients want to avoid "the dirty nurse" with the mask.


The hospital justified its vaccination policy in an email, citing the CDC's warning that this year's flu outbreak was "expected to be among the worst in a decade" and noted that Illinois has already been hit especially hard. The mandatory vaccine policy "is consistent with our health system's mission to provide the safest environment possible."


The government recommends flu shots for nearly everyone, starting at age 6 months. Vaccination rates among the general public are generally lower than among health care workers.


According to the most recent federal data, about 63 percent of U.S. health care workers had flu shots as of November. That's up from previous years, but the government wants 90 percent coverage of health care workers by 2020.


The highest rate, about 88 percent, was among pharmacists, followed by doctors at 84 percent, and nurses, 82 percent. Fewer than half of nursing assistants and aides are vaccinated, Bridges said.


Some hospitals have achieved 90 percent but many fall short. A government health advisory panel has urged those below 90 percent to consider a mandatory program.


Also, the accreditation body over hospitals requires them to offer flu vaccines to workers, and those failing to do that and improve vaccination rates could lose accreditation.


Starting this year, the government's Centers for Medicare & Medicaid Services is requiring hospitals to report employees' flu vaccination rates as a means to boost the rates, the CDC's Bridges said. Eventually the data will be posted on the agency's "Hospital Compare" website.


Several leading doctor groups support mandatory flu shots for workers. And the American Medical Association in November endorsed mandatory shots for those with direct patient contact in nursing homes; elderly patients are particularly vulnerable to flu-related complications. The American Nurses Association supports mandates if they're adopted at the state level and affect all hospitals, but also says exceptions should be allowed for medical or religious reasons.


Mandates for vaccinating health care workers against other diseases, including measles, mumps and hepatitis, are widely accepted. But some workers have less faith that flu shots work — partly because there are several types of flu virus that often differ each season and manufacturers must reformulate vaccines to try and match the circulating strains.


While not 100 percent effective, this year's vaccine is a good match, the CDC's Bridges said.


Several states have laws or regulations requiring flu vaccination for health care workers but only three — Arkansas, Maine and Rhode Island — spell out penalties for those who refuse, according to Alexandra Stewart, a George Washington University expert in immunization policy and co-author of a study appearing this month in the journal Vaccine.


Rhode Island's regulation, enacted in December, may be the toughest and is being challenged in court by a health workers union. The rule allows exemptions for religious or medical reasons, but requires unvaccinated workers in contact with patients to wear face masks during flu season. Employees who refuse the masks can be fined $100 and may face a complaint or reprimand for unprofessional conduct that could result in losing their professional license.


Some Rhode Island hospitals post signs announcing that workers wearing masks have not received flu shots. Opponents say the masks violate their health privacy.


"We really strongly support the goal of increasing vaccination rates among health care workers and among the population as a whole," but it should be voluntary, said SEIU Healthcare Employees Union spokesman Chas Walker.


Supporters of health care worker mandates note that to protect public health, courts have endorsed forced vaccination laws affecting the general population during disease outbreaks, and have upheld vaccination requirements for schoolchildren.


Cases involving flu vaccine mandates for health workers have had less success. A 2009 New York state regulation mandating health care worker vaccinations for swine flu and seasonal flu was challenged in court but was later rescinded because of a vaccine shortage. And labor unions have challenged individual hospital mandates enacted without collective bargaining; an appeals court upheld that argument in 2007 in a widely cited case involving Virginia Mason Hospital in Seattle.


Calhoun, the Illinois nurse, says she is unsure of her options.


"Most of the hospitals in my area are all implementing these policies," she said. "This conflict could end the career I have dedicated myself to."


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Online:


R.I. union lawsuit against mandatory vaccines: http://www.seiu1199ne.org/files/2013/01/FluLawsuitRI.pdf


CDC: http://www.cdc.gov


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AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner


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Stock futures fall amid debt limit, profit worries


NEW YORK (Reuters) - Stock index futures slipped on Tuesday as investors fretted over the debate brewing in Washington over raising the U.S. borrowing limit as well as what is expected to be a lackluster earnings season.


Economic reports include U.S. retail sales and producer prices for December as well as manufacturing activity in New York state for January, all due at 8:30 a.m. Business inventories for November will be released at 10 a.m.


On Monday, President Barack Obama rejected any negotiations with Republicans over raising the U.S. debt ceiling. The United States could default on its debt if Congress does not increase the borrowing limit.


Resolving the debt ceiling debate is more a question of how than if. Investors are wary of another last-minute agreement like the one in August 2011, said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.


"Of course people expect the government will not default on its debt ... but there could be damage done in how it's resolved," said Meckler. "A long, dragged out fight over this damages the credibility of the government and can weaken the global market for U.S. debt."


Speaking separately on Monday, Federal Reserve Chairman Ben Bernanke urged lawmakers to raise the debt ceiling. The central bank chairman also gave a cautiously optimistic outlook for U.S. growth but no clear hints on when the Fed would curb its aggressive bond purchases.


Corporate earnings season picks up the pace this week and investors are bracing for disappointment. Analyst estimates for the quarter have fallen sharply since October. S&P 500 earnings growth is now seen up just 1.9 percent from a year ago, Thomson Reuters data showed.


Homebuilder Lennar on Tuesday reported profit that beat expectations amid a jump in new home orders. The stock edged down 0.9 percent to $40.66 in premarket trading.


S&P 500 futures fell 6.5 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures were down 31 points, and Nasdaq 100 futures lost 9.25 points.


Shares of Dell rose 3.7 percent to $12.75 in premarket trade the day after sources said the company is in talks with private equity firms on a potential buyout.


Facebook added 1.2 percent to $31.32 ahead of a major news event at its headquarters. The secretive nature of the event has triggered a guessing game about what the company could unveil.


ConocoPhillips said it would sell its properties in the Cedar Creek Anticline in Montana and North Dakota to Denbury Resources Inc for $1.05 billion in cash.


QLogic , the networking products maker, surged 7.1 percent to $10.90 after it gave a third-quarter outlook.


(Editing by Kenneth Barry)



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French Say They ‘Blocked’ Rebel Advance in Mali





PARIS — The French defense ministry said on Monday that a town in central Mali had fallen to Islamist rebels from the north, hours after Foreign Minister Laurent Fabius said his country’s dramatic intervention there had succeeded in blocking a rebel advance that could have had “appalling consequences.”




At the same time, an Islamist leader in Mali said France had “opened the gates of hell” for all its citizens by intervening, reinforcing concerns that the far-flung military operation in Africa could inspire vengeance in mainland France.


French forces, Mr. Fabius said in a radio interview late Sunday, were now “taking care” of rear bases used by Islamists who took control of much of the north of the country last year after a military coup in the capital, Bamako. The duration of the French operation was “a question of weeks,” Mr. Fabius said, unlike the American-led military campaign in Afghanistan.


But within hours, reports began to emerge of a rebel counterattack in the small town of Diabaly — the first indication that the insurgents had regrouped after a wave of French airstrikes. The fighting in the town pitted rebels against government forces.


Reuters quoted residents and Malian military officials as saying that Islamists counterattacked after the insurgents infiltrated overnight across a river in small groups. The French defense minister, Jean-Yves Le Drian, said the rebels "took Diabaly after fierce fighting and resistance from the Malian Army that couldn’t hold them back.”


The setback for government forces seemed to embolden the rebels who had already struck a defiant postured on Monday.


Oumar Ould Hamaha, an insurgent leader, said the French intervention had “opened the gates of hell for all the French.”


He taunted French forces to launch a ground offensive, saying French warplanes had bombed from high altitude. “Let them come down onto the ground, if they are men,” he said. “We will greet them with open arms.”


France, he told Europe 1 radio, “has fallen into a trap which is much more dangerous than Iraq, Afghanistan or Somalia. And that is only the beginning.”


The French intervention began on Friday and continued over the weekend. French airstrikes appeared to have halted an Islamist rebel advance, as West African nations authorized what they said would be a faster deployment of troops in support of the weak government.


French aircraft dropped bombs and fired rockets from helicopter gunships and jet fighters after the Islamists, who already control the north of Mali, pressed southward and overran the village of Konna, which had been the de facto line of government control.


The French struck two columns of Islamist fighters, the French Defense Ministry said. The first was in and around Konna, driving out the rebels from the village, and the second was across a river, heading south toward the southern Mali town of Ségou, north of Bamako.


On Sunday evening, French jets attacked the northern town of Gao, an insurgent stronghold.


Abdheramane Oumarou, a local counselor in Gao reached late Sunday after a day of French airstrikes, said: “We are in the best of all possible worlds. The planes have been circling Gao since five this morning. All the of the sites they targeted, they hit. The airport. The warehouses, they destroyed them. These were all sites occupied by the Islamists, and they have been totally destroyed.”


“The Islamists are in hiding. There were many dead,” he said. For the first time since the insurgents overran the town last year, “the population of Gao will sleep soundly, and will even snore.”


Despite concerns that supporting France could provoke terrorist reprisals on its soil, Britain announced late on Saturday that it would help to transport foreign troops and equipment to Mali, though would not send its own soldiers to fight. Two British military transport planes were expected to head for Mali on Monday with equipment including French armored vehicles from a base in Normandy, the British Defense Ministry said.


“There is a very dangerous Islamist regime allied to Al Qaeda in control of the north of that country,” Prime Minister David Cameron said on Monday. “It was threatening the south of that country and we should support the action that the French have taken.”


“So we were first out of the blocks, as it were, to say to the French, ‘We’ll help you, we’ll work with you and we’ll share what intelligence we have with you and try to help you with what you are doing,’” Mr. Cameron told the BBC in a radio interview.


Foreign Minister Fabius said the military effort had three goals: to “block the advance of the terrorists, which is done,” to restore Mali’s territorial integrity “which will take more time,” and to secure the implementation of United Nations Security Council resolutions on the Mali crisis.


“If France had not intervened,” he said, the rebels “could have reached Bamako, with appalling consequences” not only for the Malian population but also for the 6,000 French and other Western citizens living in the capital of the former French colony.


Mr. Le Drian, the defense minister, said Sunday that the rebels could have reached Bamako in “three or four days” if France had not intervened.


"We will strengthen our operation depending on the situation," he said on a political talk show.


France now has more than 400 troops in Bamako, mainly to ensure the safety of French citizens and to send a signal to the Islamists, out of a total of 550 troops in Mali. The others, including some special forces, are in the town of Mopti in the south. It has also deployed Rafale jet fighters to attack rebel positions.


A French analyst, who is briefed on the situation but declined to be identified by name, said France believed the United States would deliver on promises of in-flight refueling the air campaign, logistical support and reconnaissance.


The analyst said the dilemma facing French forces is now whether to maintain a United Nations schedule for West African and Malian troops to seek to recapture the north in the fall after seasonal rains, “which given the current dynamic seems hard to imagine” or to “speed things up and try to clear the north in the next eight weeks” before the rainy season.


That could extend the duration of the French intervention, the analyst said.


Steven Erlanger reported from Paris, Adam Nossiter from Bamako, Mali, and Alan Cowell from London.



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