India Ink: Five Accused in New Delhi Gang Rape Case Plead Not Guilty

The five men accused in a brutal  gang rape that led to nationwide protests entered not guilty pleas on Saturday to the 13 charges filed against them.

The charges  —  including gang rape, murder, kidnapping and conspiracy  —  stem from the Dec. 16 rape of a 23-year-old physiotherapy student who later died from her injuries. Reports of the attack led to days of protests in India over the treatment of women.

A trial for the five suspects  —  Ram Singh, Mukesh Singh, Pawan Gupta, Vinay Sharma and Akshay Thakur  — is scheduled to begin Tuesday in Saket District Court Complex in New Delhi.

V.K. Anand, defense counsel for the brothers Ram Singh and Mukesh Singh, said in a telephone interview that “All the five accused have pleaded not guilty.”

“The charges being framed is one thing,” Mr. Anand said,  “but proving the charges is another.”

Pretrial arguments for the five suspects were completed on Wednesday. On Monday, the sixth suspect was declared officially a juvenile by the Indian Juvenile Justice Board, meaning the maximum sentence he could receive is three years in a detention facility.

If they are convicted, the five on trial could face the death penalty. The Supreme Court dismissed a plea to transfer the New Delhi gang rape trial outside the city on Tuesday. The trial, which is being carefully watched by the country, has brought about renewed debate on the challenges facing the Indian legal system.

According to the local news channel IBN Live, 86 witnesses will appear at the trial.

Pamposh Raina contributed to this post.

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Sony Teases ‘The Future’ of PlayStation in Short #PlayStation2013 Video






Sony‘s CEO, Kazuo Hirai, said he would let Microsoft “make the first move” when it came to releasing a next-generation game console, according to IGN’s Daniel Krupa. But now the official PlayStation blog is teasing viewers with a video entitled “See the Future,” with the #PlayStation2013 Twitter hashtag.


Whatever the future is, it’s apparently got something to do with Feb. 20, the date mentioned in the video. But when it gets here, what will it be like?






PlayStation2013 probably isn’t the actual name


Previous rumors have suggested the next PlayStation console won’t be called the PlayStation 4, because the number 4 is associated with death in Japanese culture. If Sony’s willing to break with its numbering scheme because of tradition, it may be unlikely to tag the actual new PlayStation console itself with the number 13, which is regarded as unlucky in the United States.


Much more powerful hardware


This one’s a given. Unlike in the PC and tablet gaming world, where hardware is regularly updated and improvements tend to be incremental, video game consoles tend to wait years to update before leaping ahead — if you don’t count the two smaller redesigns the PS3 has had over the years while keeping the same performance, anyway, or the introduction of the PlayStation Move controller.


The PlayStation 3‘s big performance draw was its ability to play games on an HDTV, with an upgrade to graphics realism to match. A report by Kotaku’s Luke Plunkett last year suggests that the new PlayStation console may be able to play 3D games (on a 3D HDTV, that is) in 1080p resolution, or regular games in 4096×2160. The latter would basically require a TV as sharp as Apple’s Retina Display.


Far fewer games?


The same report, however, suggests that — as Sony eventually did with the PlayStation 3 — the “PlayStation 4″ may not be able to play any games from the previous generation of consoles.


The PlayStation 3 debuted with the ability to run PlayStation 2 games, but this required it to have both of the PS2′s processor chips inside it. This console-within-a-console design helped push the PS3′s launch price up to $ 599, and Sony soon dropped one of the chips before abandoning them completely. Today’s PlayStation 3 consoles can only play the handful of PS2 games that have been re-released digitally (and are bought separately) on the PlayStation Network.


No place like Home


If the new PlayStation console can’t run PS3 games, that may mean the end of PlayStation Home, Sony’s virtual world and social gaming platform in the style of Second Life (but with Facebook-style games). IGN’s Andrew Goldfarb notes that Sony recently filed a trademark on “BigFest,” however, which it describes as an “online player networking” service in similar terms as PlayStation Home.


Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.


Linux/Open Source News Headlines – Yahoo! News




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New rules aim to get rid of junk foods in schools


WASHINGTON (AP) — Most candy, high-calorie drinks and greasy meals could soon be on a food blacklist in the nation's schools.


For the first time, the government is proposing broad new standards to make sure all foods sold in schools are more healthful.


Under the new rules the Agriculture Department proposed Friday, foods like fatty chips, snack cakes, nachos and mozzarella sticks would be taken out of lunch lines and vending machines. In their place would be foods like baked chips, trail mix, diet sodas, lower-calorie sports drinks and low-fat hamburgers.


The rules, required under a child nutrition law passed by Congress in 2010, are part of the government's effort to combat childhood obesity. While many schools already have improved their lunch menus and vending machine choices, others still are selling high-fat, high-calorie foods.


Under the proposal, the Agriculture Department would set fat, calorie, sugar and sodium limits on almost all foods sold in schools. Current standards already regulate the nutritional content of school breakfasts and lunches that are subsidized by the federal government, but most lunchrooms also have "a la carte" lines that sell other foods. Food sold through vending machines and in other ways outside the lunchroom has never before been federally regulated.


"Parents and teachers work hard to instill healthy eating habits in our kids, and these efforts should be supported when kids walk through the schoolhouse door," Agriculture Secretary Tom Vilsack said.


Most snacks sold in school would have to have less than 200 calories. Elementary and middle schools could sell only water, low-fat milk or 100 percent fruit or vegetable juice. High schools could sell some sports drinks, diet sodas and iced teas, but the calories would be limited. Drinks would be limited to 12-ounce portions in middle schools and to 8-ounce portions in elementary schools.


The standards will cover vending machines, the "a la carte" lunch lines, snack bars and any other foods regularly sold around school. They would not apply to in-school fundraisers or bake sales, though states have the power to regulate them. The new guidelines also would not apply to after-school concessions at school games or theater events, goodies brought from home for classroom celebrations, or anything students bring for their own personal consumption.


The new rules are the latest in a long list of changes designed to make foods served in schools more healthful and accessible. Nutritional guidelines for the subsidized lunches were revised last year and put in place last fall. The 2010 child nutrition law also provided more money for schools to serve free and reduced-cost lunches and required more meals to be served to hungry kids.


Sen. Tom Harkin, D-Iowa, has been working for two decades to take junk foods out of schools. He calls the availability of unhealthful foods around campus a "loophole" that undermines the taxpayer money that helps pay for the healthier subsidized lunches.


"USDA's proposed nutrition standards are a critical step in closing that loophole and in ensuring that our schools are places that nurture not just the minds of American children but their bodies as well," Harkin said.


Last year's rules faced criticism from some conservatives, including some Republicans in Congress, who said the government shouldn't be telling kids what to eat. Mindful of that backlash, the Agriculture Department exempted in-school fundraisers from federal regulation and proposed different options for some parts of the rule, including the calorie limits for drinks in high schools, which would be limited to either 60 calories or 75 calories in a 12-ounce portion.


The department also has shown a willingness to work with schools to resolve complaints that some new requirements are hard to meet. Last year, for example, the government relaxed some limits on meats and grains in subsidized lunches after school nutritionists said they weren't working.


Schools, the food industry, interest groups and other critics or supporters of the new proposal will have 60 days to comment and suggest changes. A final rule could be in place as soon as the 2014 school year.


Margo Wootan, a nutrition lobbyist for the Center for Science in the Public Interest, said surveys by her organization show that most parents want changes in the lunchroom.


"Parents aren't going to have to worry that kids are using their lunch money to buy candy bars and a Gatorade instead of a healthy school lunch," she said.


The food industry has been onboard with many of the changes, and several companies worked with Congress on the child nutrition law two years ago. Major beverage companies have already agreed to take the most caloric sodas out of schools. But those same companies, including Coca-Cola and PepsiCo, also sell many of the non-soda options, like sports drinks, and have lobbied to keep them in vending machines.


A spokeswoman for the American Beverage Association, which represents the soda companies, says they already have greatly reduced the number of calories that kids are consuming at school by pulling out the high-calorie sodas.


___


Follow Mary Clare Jalonick on Twitter at http://twitter.com/mcjalonick


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"Great Rotation"- A Wall Street fairy tale?

NEW YORK (Reuters) - Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights.


That sounds good, but there's a snag: The evidence for this is a few weeks of bullish fund flows that are hardly unusual for January.


Late-stage bull markets are typically marked by an influx of small investors coming late to the party - such as when your waiter starts giving you stock tips. For that to happen you need a good story. The "great rotation," with its monumental tone, is the perfect narrative to make you feel like you're missing out.


Even if something approaching a "great rotation" has begun, it is not necessarily bullish for markets. Those who think they are coming early to the party may actually be arriving late.


Investors pumped $20.7 billion into stocks in the first four weeks of the year, the strongest four-week run since April 2000, according to Lipper. But that pales in comparison with the $410 billion yanked from those funds since the start of 2008.


"I'm not sure you want to take a couple of weeks and extrapolate it into whatever trend you want," said Tobias Levkovich, chief U.S. equity strategist at Citigroup. "We have had instances where equity flows have picked up in the last two, three, four years when markets have picked up. They've generally not been signals of a continuation of that trend."


The S&P 500 rose 5 percent in January, its best month since October 2011 and its best January since 1997, driving speculation that retail investors were flooding back into the stock market.


Heading into another busy week of earnings, the equity market is knocking on the door of all-time highs due to positive sentiment in stocks, and that can't be ignored entirely. The Standard & Poor's 500 Index <.spx> ended the week about 4 percent from an all-time high touched in October 2007.


Next week will bring results from insurers Allstate and The Hartford , as well as from Walt Disney , Coca-Cola Enterprises and Visa .


But a comparison of flows in January, a seasonal strong month for the stock market, shows that this January, while strong, is not that unusual. In January 2011 investors moved $23.9 billion into stock funds and $28.6 billion in 2006, but neither foreshadowed massive inflows the rest of that year. Furthermore, in 2006 the market gained more than 13 percent while in 2011 it was flat.


Strong inflows in January can happen for a number of reasons. There were a lot of special dividends issued in December that need reinvesting, and some of the funds raised in December tax-selling also find their way back into the market.


During the height of the tech bubble in 2000, when retail investors were really embracing stocks, a staggering $42.7 billion flowed into equities in January of that year, double the amount that flowed in this January. That didn't end well, as stocks peaked in March of that year before dropping over the next two-plus years.


MOM AND POP STILL WARY


Arguing against a 'great rotation' is not necessarily a bearish argument against stocks. The stock market has done well since the crisis. Despite the huge outflows, the S&P 500 has risen more than 120 percent since March 2009 on a slowly improving economy and corporate earnings.


This earnings season, a majority of S&P 500 companies are beating earnings forecast. That's also the case for revenue, which is a departure from the previous two reporting periods where less than 50 percent of companies beat revenue expectations, according to Thomson Reuters data.


Meanwhile, those on the front lines say mom and pop investors are still wary of equities after the financial crisis.


"A lot of people I talk to are very reluctant to make an emotional commitment to the stock market and regardless of income activity in January, I think that's still the case," said David Joy, chief market strategist at Columbia Management Advisors in Boston, where he helps oversee $571 billion.


Joy, speaking from a conference in Phoenix, says most of the people asking him about the "great rotation" are fund management industry insiders who are interested in the extra business a flood of stock investors would bring.


He also pointed out that flows into bond funds were positive in the month of January, hardly an indication of a rotation.


Citi's Levkovich also argues that bond investors are unlikely to give up a 30-year rally in bonds so quickly. He said stocks only began to see consistent outflows 26 months after the tech bubble burst in March 2000. By that reading it could be another year before a serious rotation begins.


On top of that, substantial flows continue to make their way into bonds, even if it isn't low-yielding government debt. January 2013 was the second best January on record for the issuance of U.S. high-grade debt, with $111.725 billion issued during the month, according to International Finance Review.


Bill Gross, who runs the $285 billion Pimco Total Return Fund, the world's largest bond fund, commented on Twitter on Thursday that "January flows at Pimco show few signs of bond/stock rotation," adding that cash and money markets may be the source of inflows into stocks.


Indeed, the evidence suggests some of the money that went into stock funds in January came from money markets after a period in December when investors, worried about the budget uncertainty in Washington, started parking money in late 2012.


Data from iMoneyNet shows investors placed $123 billion in money market funds in the last two months of the year. In two weeks in January investors withdrew $31.45 billion of that, the most since March 2012. But later in the month money actually started flowing back.


(Additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)



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Suicide Bomber Attacks Mosque in Pakistan


Abdul Basit/Associated Press


People gathered at the scene of the explosion in a market in northwestern Pakistan on Friday.







PESHAWAR, Pakistan — An explosion in a market in northwestern Pakistan on Friday killed at least 21 people and wounded 33 in what police described as a suicide bombing.




The Pakistani Taliban claimed responsibility for the attack in Hangu, about 70 miles west of Peshawar, the capital of Khyber-Pakhtunkhwa Province. Abu Omar, a Taliban commander in the neighboring tribal region of North Waziristan, said in a telephone interview that the attack was in revenge for the killing on Thursday of a Sunni cleric.


The cleric, Mufti Abdul Majeed Deenpuri, 60, was shot in the southern port city of Karachi, setting off fears of reprisals against Shiites.


Mr. Deenpuri was a senior teacher at Jamia Binoria, one of the largest seminaries in Pakistan. A gunman opened fire on a vehicle carrying the cleric and a colleague at a busy intersection and then fled.


While the security situation is precarious across Pakistan, Rehman Malik, the interior minister, had warned of the potential for an attack in Karachi, a sprawling, violence-prone port city. Cellphone service was suspended there from noon to 3 p.m. during Friday Prayer.


Sectarian violence has also occurred in Hangu in the past, often forcing the authorities to impose a curfew. The town borders the Orakzai tribal region, where the army and paramilitary forces are fighting Taliban militants.


Friday’s explosion occurred just after Friday Prayer as worshipers filed out of a Sunni mosque and a nearby Shiite place of worship, police officials said. “People were coming out of the mosque when the explosion occurred,” said one officer in Hangu, speaking on the condition of anonymity.


Another police official in Hangu said a suicide bomber had detonated his explosives. While Shiites were the likely target, the dead included people from both Islamic sects, he said. “There are Sunnis and Shias killed.”


Separately, a Pakistani intelligence official, speaking on the condition of anonymity, said 30 mortar shells fired from Afghanistan on Friday morning killed six residents of Angoor Adda, a border village in South Waziristan. However, there was no official comment from the Pakistani military. 


In recent years, Pakistan and Afghanistan have traded barbs over allegations of cross border rocket and artillery fire. The 1,510 mile long craggy border between the two countries has long posed a problem for both sides, each accusing the other of not manning the border effectively. Both sides maintain that insurgents easily cross over the porous border, but plans to fence the border have been shot down as impractical.


On Thursday, Human Rights Watch released its World Report 2013, which sharply criticized the Pakistani government and its military and intelligence agencies for failing to reduce human rights abuses.


“Pakistan’s human rights crisis worsened markedly in 2012 with religious minorities bearing the brunt of killings and repression,” said Ali Dayan Hasan, the director in Pakistan for Human Rights Watch. “While the military continued to perpetrate abuses with impunity in Baluchistan and beyond, Sunni extremists killed hundreds of Shia Muslims and the Taliban attacked schools, students, and teachers.”


Ismail Khan reported from Peshawar, and Salman Masood from Islamabad, Pakistan. Ihsanullah Tipu Mehsud contributed reporting from Islamabad.



This article has been revised to reflect the following correction:

Correction: February 1, 2013

Because of an editing error, an earlier version of this article misidentified the capital of Khyber-Pakhtunkhwa Province. It is Peshawar, not Hangu.



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How I learned to stop worrying and love Twitter






Is anything more uniquely American than our free-wheeling, 140-character missives?


Twitter is dead, you guys. Writers used to send pithy tweets across cyberspace, borne on the golden wings of Hermes. Now, as T.S. Eliot would say, “Our dried voices, when we whisper together are quiet and meaningless.” Twitter is so uncool, that even if we resurrected the spirits of Jim Morrison and Jimi Hendrix and got them to tweet never-before-heard song lyrics from the grave, they would have like, 20 followers, tops. And most of them would be spambots. Do you know what else is dead? Rock and roll. When I put on the Dead Weather or Jay-Z, my parents inform me that music used to be all about free love and sharing ideas and now, “Will you turn off that crap you’re hurting my ears.” There is no cool left for me. I must survive on the vapors of Lady Gaga‘s strange perfume and the shiny white veneer of Kim Kardashian‘s teeth. But it’s okay, it’s not like I can tell the difference.






Hi. I’m a twenty-something journalist. And unlike my colleague Matt K. Lewis, I like Twitter.


SEE MORE: Introducing Vine: Twitter’s 6-second video-sharing app


Now, I can see where Matt is coming from. The popularity of Twitter used to befuddle me. When I was in college, I had a private account (rookie mistake) and only followed my friends. My feed read something like an episode of Girls, except with more substance-abuse problems. Twitter did seem kinda like high school, and, as Matt says, was more prison than vision (although to this day, I love a good nonsensical midnight Twitter ramble. And Horse E-Books.) But a couple years later, once I was a working journalist, I started following an increasingly diverse set of people. And another cool thing happened: The Arab Spring. Citizen activists in countries like Egypt, Libya, and Yemen successfully organized revolutionary protests through the social network, and all of a sudden, I stopped viewing Twitter as a place where people just talked about their hangovers. 


Since then, I have been tasked with tweeting from the official accounts of several media organizations — I’m kind of a professional tweeter. By the end of today, I (and my colleagues) will have written and sent out about 70 tweets for Mother Jones — tweets that are (hopefully) informative, spelled correctly, promote our content, match the tone of the publication, and don’t accidentally include cat gifs or naked pictures. If anything should make one despise Twitter, it’s being required to tweet all day long. But instead, it’s only made me more fond of the damn thing.


SEE MORE: 10 famous first tweets from the Pope, Barack Obama, the Dalai Lama, and more


Every day, I get to hear from people, REAL LIVE PEOPLE, who are exercising their free speech rights about something my colleagues and I wrote with our free speech rights. How cool is that? What could be more American than a bunch of strangers conversing in real time about whether the Boy Scouts can constitutionally ban gay members, that great Local Natives album that just came out, and who is really the communist here? (Okay, fine. It’s me.) 


Another point in Twitter’s favor: Go to Facebook or (God forbid) the homepages of various news organizations, and you’re never going to easily or quickly find as many live updates of Hurricane Sandy, the Sandy Hook school shooting, or the 2012 presidential election as you would on Twitter. It’s the go-to place for lightning-quick, easily searchable information. (By contrast, if you need a live update of which color mason jars you should have at your wedding someday, Pinterest has so got you covered.)  


SEE MORE: Why I love Twitter


And unlike journalists exhausted by the troll-y nature of the beast, I like the free-wheeling accessibility of Twitter. The quality of my interactions are mostly positive, probably because I tend to only follow people I would be interested in speaking with in the real world. And just like the real world, sometimes some crazy guy who smells like whiskey and is probably on PCP will try to flash me on the Metro. But that just makes it kind of exciting, right? 


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Woman Who Lost Her Legs in Tornado Starts Foundation Helps Others






Heroes Among Us










02/01/2013 at 10:15 AM EST







Stephanie Decker with her kids, Dominic and Reese, and her husband Joe


Courtesy Stephanie Decker


When a storm of deadly twisters ravaged Indiana in March 2012, Stephanie Decker saved her two kids – but lost both her legs.

Now, less than a year after the tragedy, Decker, 38 – who describes the sacrifice as a "small price to pay" for her kids' safety – is already up on prosthetic legs thanks to countless hours of grueling physical therapy. She has barely let the traumatic experience slow her down – and instead created the Stephanie Decker Foundation that aims to help kids with disabilities.

"I'm a better person now," says Decker. "Life goes on."

The tornado that ripped through Henryville leveled the Deckers' house on top of Stephanie as she covered son Dominic, 9, and daughter Reese, 6. A steel beam crashed down on top of the three of them, but her children escaped the disaster without a scratch.

"As parents, we sacrifice for our kids," says Decker.

These days, her routine at home is pretty similar to what it used to be. "The only difference is I wake up in the morning and I put legs on," she says. "There are days that I go 'This is hard, it hurts.' But all I have to do is take one look at my kids and it's enough. I wasn't going to let this stop me."

That determination is clear in Decker, who went as high up as President Obama to help her access a military grade water resistant prosthetic leg so she can swim with her children.

"Stephanie's never been one to take no for an answer," says her husband Joe, a high school math teacher. "I'm so thankful I didn't get to the house and find my wife and kids dead. Stephanie's so strong, she's the core of our family."

Though the kids still have nightmares, the Decker family is getting better every day, and are grateful to be together.

The Deckers' son, Dominic, says getting past the tragedy took a bit of time. "My mom and dad made us take baby steps," he says. "We'd sleep in their bed, and then sleep right by their bed, and then sleep on the couch and then sleep in the front room and then sleep upstairs."

Asked if his mom is a hero, he says, "Yeah, because she saved me."

And Decker aims to help others, too.

In December, her fledging foundation received a $10,000 donation from Shutterfly during an appearance on Ellen DeGeneres's show. She's also recently partnered with NubAbility Athletics – which helps kids with congenital and traumatic amputations compete in sports – to set up scholarships for kids to attend their sports camps.

"I should have been dead in 15 minutes," says Decker. "But I told my kids I was going to be here and that everything was going to be okay."

Woman Who Lost Her Legs in Tornado Starts Foundation Helps Others| Heroes Among Us, Health

Stephanie Decker and her family with President Barack Obama

Pete Souza / The White House

Know a hero? Send suggestions to heroesamongus@peoplemag.com. For more inspiring stories, read the latest issue of PEOPLE magazine

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Dow hits 14,000 on strong data


NEW YORK (Reuters) - Stocks extended gains on Friday, with the Dow industrials trading above 14,000 for the first time since October 2007, as jobs and manufacturing data pointed to a stronger U.S. economy.


The Dow Jones industrial average <.dji> rose 133.89 points or 0.97 percent, to 13,994.47, the S&P 500 <.spx> gained 12.09 points or 0.81 percent, to 1,510.2 and the Nasdaq Composite <.ixic> added 24.44 points or 0.78 percent, to 3,166.58.


The Dow hit a session high of 14,000.97, a level not seen since October 17, 2007, up more than 1 percent on the day.


(Reporting by Rodrigo Campos; Editing by Bernadette Baum)



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Way of the World: A Symbol of Progress, or Villainy?







NEW YORK — Is oil like red meat or is it like tobacco? Your answer to that question determines how you feel about the North American boom in unconventional sources of fossil fuel, particularly the Canadian oil sands.




If you think oil is like tobacco, it is a strictly noxious commodity, which seriously harms its users and those around them. We should stop consuming it at once and at all costs. But if you think oil is like red meat, you take a more nuanced view. For the health of the planet, we should find greener alternatives to it whenever we can, but used wisely and in moderation, it has an honorable role in the 21st-century economy.


This morality play is being acted out with the greatest intensity in the fight over the proposed Keystone XL pipeline, which would stretch from Canada to the Texas Gulf Coast. “Keystone is really a symbol of oil, it is very emotive,” Daniel Yergin, the Pulitzer Prize-winning energy expert and chairman of IHS Cambridge Energy Research Associates, told me. “It is probably the most famous pipeline in the history of the world, and it hasn’t even been built yet. It is a symbol around which the opponents of hydrocarbon have rallied.”


Last autumn, the consensus view was that the pipeline would be approved after the U.S. presidential election, no matter who won. In recent weeks, those odds have shifted.


“If you had asked me prior to the U.S. election, I would’ve said, ‘Of course it’s going to be built after the election, regardless of who wins,”’ said Naheed Nenshi, the mayor of Calgary, Alberta, where many of the oil companies that are counting on Keystone have their headquarters.


“If you had asked me immediately after the U.S. election, I would’ve said, ‘Of course it’s going to be built, now that the immediate political pressure is off,”’ he said. But today, Mr. Nenshi is less certain: “The feeling in Canada over the past four or five weeks has become less optimistic about this thing being built.”


Jim Flaherty, the Canadian finance minister, took the same view. “I actually don’t know,” he replied, when I asked him if the Keystone pipeline would be built. “I had reason for optimism before the election that the president would approve it, were he re-elected.”


But, Mr. Flaherty said, President Barack Obama’s inaugural address “was not encouraging.”


Many politicians and business leaders in Canada, whose economy relies heavily on fossil fuels, have been caught by surprise by the intense opposition to the Keystone pipeline, and to the oil sands crude it would carry south. The paperback edition of Mr. Yergin’s latest book, “The Quest,” provides a powerful explanation of that mystery.


“We have to start somewhere to end the addiction to oil,” is the way one environmentalist explained the broader strategy to Mr. Yergin. “The pipeline is a convenient device for fighting a larger battle,” Mr. Yergin said.


Canadians, who are accustomed to being thought of as the world’s official nice guys — think of all those students globe-trotting with maple leaves on their backpacks — are uncomfortable with this new role as climate change villains. (Disclosure: I am a proud Canadian myself.)


“I think it’s a shame that a one-meter-in-diameter pipe is suddenly having to wear all of the sins of the carbon economy,” Mr. Nenshi said. “You know, it’s not clubbing seals with child labor.”


Mr. Yergin agrees. “The one thing that doesn’t get much talked about is that this oil sands technology continues to advance, it is not static,” he said.


“We reached peak oil demand in the U.S. more than half a decade ago. Our oil demand is going down. Our cars are getting more efficient,” he said. “Meanwhile, there is a supply of energy we do need now. The real trade-off is, is it going to be Canadian oil, or is it going to be Venezuelan oil?”


That trade-off used to be viewed in primarily strategic terms: Were our oil suppliers political friends or foes? By that measure, the Canadians score high. But the World Economic Forum at Davos, Switzerland, of all places, underscored another consequence of the North American boom in unconventional sources of oil: its impact on jobs.


Participants from slow-growth Europe and more vigorous Asia alike were dazzled by the job-creating potential of North America’s renaissance as a fossil fuel producer. Moreover, these jobs happen to be the very sort that are being hollowed out by globalization and the technology revolution: high-paying, skilled, blue-collar work that cannot be outsourced or done by robots.


Which may be why the Canadians are picking up such mixed messages from the White House on the Keystone pipeline. For the Al Gore wing of the Democratic Party, it has become a symbolic battle in the fight to save the planet; for the Joe Biden wing, Keystone and the unconventional oil revolution are a source of the middle-class jobs many feared modern economies could no longer provide.


The pipeline is also a litmus test for what you think is the most important problem in the early 21st century.


Chrystia Freeland is editor of Thomson Reuters Digital.


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Telecoms boom leaves rural Africa behind






JOHANNESBURG/FREETOWN (Reuters) – While mobile phone usage has exploded across Africa over the last decade, transforming daily life and commerce for millions, it’s a revolution that has left behind perhaps two thirds of its people.


Poor or no reception outside the towns helps explain why the continent’s mobile penetration, in terms of the percentage of the population using the service, is far lower than previously thought, and the cost of providing that service to impoverished, sparsely populated areas remains prohibitive.






In rural Sierra Leone, a country where GDP per capita is less than $ 400 a year, money doesn’t grow on trees, but mobile reception can, says street trader Abass Bangura in Freetown, the West African country’s capital.


In parts of Tonkolili, a district in the center of the country, or Kailahun to the east, it’s the only way you can get reception, he said.


“You climb stick, like mango tree, before you have network,” he said.


In South Sudan, the world’s newest state, it’s a similar story. Less than a year old, the country already has five mobile operators, and its capital, Juba, is teeming with giant billboards advertising mobile phones, but go just a few kilometers beyond a handful of fast-growing towns, and cell phones become useless.


Multiple SIM cards help users navigate patchy network coverage and take advantage of price promotions from rival operators.


That is typical of much of the continent.


With a population of just over a billion people, Africa has over 700 million SIM cards, but with most users owning at least two cards, penetration is only about 33 percent, according to a study released in November by industry research firm Wireless Intelligence.


“If we look at the fact that the rural population of Africa is about 60-70 percent of the population, and if we look at the degree of penetration into the rural market, it’s very, very low,” said Spiwe Chireka of advisory firm IDC.


In Nigeria, Africa’s most populous country, there are more than enough SIM cards for everyone, but penetration is only 61 percent, according to a 2012 study by research firm Informa.


The average mobile phone user in Nigeria owns an average of 2.39 SIM cards. Globally, only Indonesia is higher, with an average of 2.62 SIM cards per user.


Even in Africa’s biggest economy, South Africa, SIM numbers comfortably exceed the population, but given the number of people using multiple devices, actual population penetration is closer to 80 percent, says market leader Vodacom.


“You’ve got a lot of people buying SIMs, but maybe not enough phones to put it in,” said Olayemi Jinadu, an executive with the Sierra Leone arm of Indian telco Bharti Airtel.


COST VERSUS BENEFIT


The unserved rural millions could represent another growth opportunity for Africa-focused telcos like South Africa’s MTN Group, Bharti Airtel and Kuwait’s Zain, but first they have to figure out a cost-effective way to push into sub-Saharan Africa’s remote corners.


“There’s great potential, but the big concern for us is operational costs,” said Andre Claasson, chief operating officer at Zain South Sudan.


In rural Africa, the cost of running a network tower often exceeds the revenue it reaps. Fuel is typically about 40 percent of a tower’s operating cost, and in remote areas companies burn more diesel by bringing fuel to towers than is used powering them.


Although roughly 73 percent of Africa’s land has cell phone coverage, according to market research firm IDC, that still leaves vast tracts of rural Africa without network access.


Africa has 170,000 mobile towers now and needs another 60,000, according to tower company IHS Group, which at an average $ 200,000 each means an outlay of $ 12 billion.


“If you are an operator asked to spend $ 200,000 to build a site and another $ 2,000 a month to run it in an area with 500 people herding cows, it doesn’t make sense,” said Issam Darwish, IHS’s chief executive.


Average revenue per user is also low. It can vary between $ 1 and $ 10 per month, much lower than in developed markets such as the United States, which delivered ARPU of $ 51 in 2012 or Britain, $ 27.


Bharti, sub-Saharan Africa’s third-largest telecom group, says it makes $ 6.40 per user in Africa, which is higher than its home Indian market, where it makes only $ 3.30 a month, but the cost of operating in Africa is much higher and there isn’t a comparable middle class ready and able to spend more.


“You either have a handful of people in the affluent part of the society or you have lots of people who can’t afford the services,” its Chairman Sunil Mittal said last year.


Operators can save money by sharing towers, but even then, some sites will never make sense without government subsidies, analysts say.


African expansion has not been cheap for telcos. Over the past five years, mobile operators have spent a combined $ 16.5 billion on capital expenditure in the key markets of South Africa, Nigeria, Kenya, Senegal and Ghana, according to Wireless Intelligence.


Bharti has earmarked $ 1.5 billion for capex this year, while fourth-placed France Telecom is spending $ 9.3 billion between 2010 and 2015.


Spare cash is increasingly rare for debt-strapped European telecoms operators, which are cutting their dividends to cope with falling revenues and network upgrade costs in their home markets.


Some African regulators have set up funds to promote coverage, to which operators are expected to contribute.


In Sierra Leone, the Universal Access Development Fund (UADF) is yet to subsidize the cost of putting up a single mast, though it has been active for several years. The regulator complains networks do not contribute the fees they should.


“If we can’t subsidize, they’ll never erect towers there,” said Bashir Kamara, Project Manager at UADF.


($ 1 = 0.6350 British pounds)


(Additional reporting by Hereward Holland in Juba and Chijioke Ohuocha in Lagos; Editing by David Dolan and Will Waterman)


Tech News Headlines – Yahoo! News





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Keri Russell's The Americans: Are You Hooked?















01/31/2013 at 10:25 AM EST







Keri Russell in The Americans


FX


She's come a long way since Felicity.

That much was clear in the very first scene of The Americans on Wednesday night, as Keri Russell was shown in an extremely compromising position with a Department of Justice agent. Long gone is that sweet college girl from the '90s.

In the new FX drama, Russell, 36, and Matthew Rhys play suburban parents who are actually KGB agents, living in the early-'80s Washington, D.C.

Their lives are complicated. The husband is growing fond of American culture, while Russell's character is steadfastly devoted to the Soviet Union. An FBI agent just moved in down the road. And another KGB agent has defected, putting other agents in danger.

The gritty, suspenseful period piece has been getting good reviews. But did you watch on Wednesday? What did you think of it. Tell us below.


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Sex to burn calories? Authors expose obesity myths


Fact or fiction? Sex burns a lot of calories. Snacking or skipping breakfast is bad. School gym classes make a big difference in kids' weight.


All are myths or at least presumptions that may not be true, say researchers who reviewed the science behind some widely held obesity beliefs and found it lacking.


Their report in Thursday's New England Journal of Medicine says dogma and fallacies are detracting from real solutions to the nation's weight problems.


"The evidence is what matters," and many feel-good ideas repeated by well-meaning health experts just don't have it, said the lead author, David Allison, a biostatistician at the University of Alabama at Birmingham.


Independent researchers say the authors have some valid points. But many of the report's authors also have deep financial ties to food, beverage and weight-loss product makers — the disclosures take up half a page of fine print in the journal.


"It raises questions about what the purpose of this paper is" and whether it's aimed at promoting drugs, meal replacement products and bariatric surgery as solutions, said Marion Nestle, a New York University professor of nutrition and food studies.


"The big issues in weight loss are how you change the food environment in order for people to make healthy choices," such as limits on soda sizes and marketing junk food to children, she said. Some of the myths they cite are "straw men" issues, she said.


But some are pretty interesting.


Sex, for instance. Not that people do it to try to lose weight, but claims that it burns 100 to 300 calories are common, Allison said. Yet the only study that scientifically measured the energy output found that sex lasted six minutes on average — "disappointing, isn't it?" — and burned a mere 21 calories, about as much as walking, he said.


That's for a man. The study was done in 1984 and didn't measure the women's experience.


Among the other myths or assumptions the authors cite, based on their review of the most rigorous studies on each topic:


—Small changes in diet or exercise lead to large, long-term weight changes. Fact: The body adapts to changes, so small steps to cut calories don't have the same effect over time, studies suggest. At least one outside expert agrees with the authors that the "small changes" concept is based on an "oversimplified" 3,500-calorie rule, that adding or cutting that many calories alters weight by one pound.


—School gym classes have a big impact on kids' weight. Fact: Classes typically are not long, often or intense enough to make much difference.


—Losing a lot of weight quickly is worse than losing a little slowly over the long term. Fact: Although many dieters regain weight, those who lose a lot to start with often end up at a lower weight than people who drop more modest amounts.


—Snacking leads to weight gain. Fact: No high quality studies support that, the authors say.


—Regularly eating breakfast helps prevent obesity. Fact: Two studies found no effect on weight and one suggested that the effect depended on whether people were used to skipping breakfast or not.


—Setting overly ambitious goals leads to frustration and less weight loss. Fact: Some studies suggest people do better with high goals.


Some things may not have the strongest evidence for preventing obesity but are good for other reasons, such as breastfeeding and eating plenty of fruits and vegetables, the authors write. And exercise helps prevent a host of health problems regardless of whether it helps a person shed weight.


"I agree with most of the points" except the authors' conclusions that meal replacement products and diet drugs work for battling obesity, said Dr. David Ludwig, a prominent obesity research with Boston Children's Hospital who has no industry ties. Most weight-loss drugs sold over the last century had to be recalled because of serious side effects, so "there's much more evidence of failure than success," he said.


___


Online:


Obesity info: http://www.cdc.gov/obesity/data/trends.html


New England Journal: http://www.nejm.org


___


Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP


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Wall Street flat after mixed data; Qualcomm lifts Nasdaq

NEW YORK (Reuters) - Stocks were little changed on Thursday as investors mulled a mixed bag of economic data, though earnings from Qualcomm helped lift the Nasdaq.


Data showed the labor market improved modestly; the number of Americans filing new claims last week for unemployment benefits rose, beating expectations and bouncing off five-year lows in the prior week.


That comes ahead of Friday's payrolls report, which is expected to show employers added 160,000 jobs in January after an increase of 155,000 in December.


A separate report showed incomes climbed in December by the most in eight years, in an encouraging sign that the economy may be propelled forward through consumer spending.


A gauge of business activity in the U.S. Midwest showed a pick up in January from a more than three-year low in December as new orders jumped. The report followed a disappointing survey from the mid-Atlantic and New York regions.


Qualcomm Inc gained 5.9 percent to $67.25 as the top boost to the Nasdaq 100 <.ndx> after the world's leading supplier of chips for cellphones beat analysts' expectations for quarterly profit and revenue, and raised its targets for the year.


The worst performer on the Nasdaq was Facebook Inc , which lost 5.9 percent to $29.39. The social network company said Wednesday it doubled its mobile advertising revenue in the fourth quarter; however, that growth trailed some of Wall Street's most aggressive estimates.


The Dow Jones industrial average <.dji> gained 22.88 points, or 0.16 percent, to 13,933.30. The Standard & Poor's 500 Index <.spx> gained 0.21 points, or 0.01 percent, to 1,502.17. The Nasdaq Composite Index <.ixic> gained 8.43 points, or 0.27 percent, to 3,150.73.


The S&P 500 <.spx> has gained 5.3 percent in January, after legislators in Washington temporarily sidestepped a "fiscal cliff" of automatic tax increases and spending cuts that could have derailed the economic recovery, and amid improving economic data and better-than-expected corporate earnings.


But the benchmark index has stalled recently and is virtually flat for the week, hovering near the 1,500 mark, as investors look for fresh trading incentives to justify further gains.


"Unfortunately it's still a mixed picture, it appears we are just getting a lot of conflicting data right now," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.


"There is certainly a lot of information coming out this week - a lot of economic data, a lot of earnings and of course we have the employment number looming Friday, so with 1,500 right here, my guess is there is just not enough conviction to push us substantially higher yet."


United Parcel Service Inc lost 1.6 percent to $79.95 after the world's largest parcel delivery reported fourth-quarter earnings below analysts' estimates on Thursday and forecast weaker-than-expected profit for 2013.


But the Dow Jones Transportation average <.djt> gained 0.5 percent as Kirby Corp added 7.6 percent to $71.57 and Ryder Systems Inc climbed 4.7 percent to $56.79 after posting quarterly results.


Thomson Reuters data through Thursday morning shows that of the 231 companies in the S&P 500 that have reported earnings this season, 69.3 percent have exceeded expectations, a higher proportion than over the past four quarters and above the average since 1994.


Overall, S&P 500 fourth-quarter earnings are forecast to have risen 3.7 percent. That's above a 1.9 percent forecast at the start of the earnings season, but well below a 9.9 percent profit growth forecast on October 1, the data showed.


WMS Industries Inc surged 52.5 percent to $24.96 after the company agreed to be acquired by Scientific Games Corp for $26 per share in cash. Scientific Games jumped 19 percent to $10.63.


(Editing by Bernadette Baum)



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India Ink: No Knowledge of Pakistan Complaints, Indian Officials Say

Following the recent killings of Indian and Pakistani soldiers near the Kashmir border, a local newspaper reported classified United Nations documents show that the cycle of violence between troops of the two countries has continued despite the cease-fire in 2003.

The Hindu, a national English-language daily newspaper, said Wednesday that Pakistan has repeatedly complained to the United Nations Military Observer Group in India and Pakistan about the killings of at least 18 of its soldiers, including four beheadings, by Indian forces between 2000 and 2011. The United Nations group was set up in 1949 to monitor cease-fire violations between the two countries.

Indian officials denied the report on Wednesday.

In the worst flare-up since the 2003 cease-fire, Indian and Pakistani troops exchanged gunfire near the Line of Control earlier this month, resulting in deaths on both sides. At the time, India accused Pakistan of beheading one of its soldiers, a charge Pakistan denies.

Among the complaints it filed, Pakistan alleged in 2003 that Indian forces decapitated one of its soldiers, the Hindu said.

The Hindu also reported that Pakistan also complained that Indian forces decapitated two civilians during a massacre in the village of Bandala in 1998, which claimed 22 civilian lives.

Indian army spokesperson Col. Jagdeep Dahiya described the article as “erroneous and speculative.”

“The Indian Army is highly professional and does not indulge in un-soldierly acts as alleged in the article,” he said. “The very fact that Pakistan has not raised such issues in bilateral interactions since 1998 bears testimony to allegations leveled against the Indian army being misleading,” he said.

Col. Dahiya also said that there is an existing mechanism to regulate conflict near the line of control between India and Pakistan. “The article seems to have been based on one-sided allegations made by the Pakistan army to UNMOGIP,” he said, an organization whose status is questionable.

Sitanshu Kar, spokesman for the Indian Ministry of Defense, said that he had no knowledge of Pakistan’s complaints to the United Nations group, and that he had not been contacted for The Hindu article. “It’s the first time I’m hearing about this,” he said. “I have not seen any such document.”

Syed Akbaruddin, the spokesman for the India’s Ministry of External Affairs, said that India did not have any formal exchange with the United Nations Military Observer Group. “We feel that Unmogip has outlived its relevance,” he said. The country’s relationship with the organization ended after India and Pakistan entered the 1972 Simla Agreement, in which both countries said they would resolve their disputes bilaterally.

Mr. Akbaruddin added that Pakistan had not raised these complaints directly with India. “Frankly, this is not a discussion we have had diplomatically,” he said.

An official at the United Nations organization’s office in Srinagar refused to comment on the report, or whether such complaints by Pakistan had been received. Calls made to the group’s office in Delhi were not answered.

Lt. Gen. Baljit Singh Jaswal, who from October 2009 to December 2010 led the Northern Command, which supervises troops in Jammu and Kashmir, said that India had engaged in no cross-border violations during that time.

General Jaswal, now retired, added that Pakistan had violated the cease-fire “numerous times” and that India had exchanged retaliatory fire.

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RIM starts glitzy BlackBerry 10 launch parties






NEW YORK (Reuters) – Research In Motion Ltd on Wednesday kicked off a string of global launch parties for a long-delayed line of smartphones it says will put it on the comeback trail in a market it once dominated.


The new BlackBerry 10 phones will compete with Apple‘s iPhone and devices using Google‘s Android technology, both of which have soared above the BlackBerry in a competitive market.






They boast fast browsers, new features, smart cameras and, unlike previous BlackBerry models, enter the market primed with a large app library.


(Writing by Janet Guttsman; Editing by Frank McGurty)


Tech News Headlines – Yahoo! News





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Kate's Perfect Nose Inspires Women to Have Plastic Surgery









01/30/2013 at 10:00 AM EST







Catherine, Duchess of Cambridge


REX USA; AFP/Getty; REX USA


The dresses she wears fly off the shelves. Her hair is the envy of women around the world. And she's even helped boost sales of hosiery in the U.K.

So is it any wonder that women also want Kate's nose?

British plastic surgeons say requests for the Duchess of Cambridge's "near perfect" and petite nose have tripled since 2011, according to the Daily Mail, which has interviewed several women who said having a similar eye-catching royal profile was exactly the look they sought as they underwent rhinoplasty.

"Her nose is straight with a cute, rounded tip and is perfectly in proportion to her face," plastic surgeon Maurizio Persico said. "This gives Kate an attractive and striking profile."

"Plus, she always looks happy and confident in photos, which is especially appealing to women whose own appearance makes them unhappy – those who feel self-conscious about larger or crooked noses, which they believe dominate their faces," Persico added.

According to psychologist Carmen Lefevre, who studies facial attributes and behavior at the University of St. Andrews, it's not just because Kate's a princess that her nose inspires envy.

"The symmetry of Kate's nose, the angle between her lip and the tip of her nose and the minimal amount of nostril on show, are all near-perfect," Lefevre told the paper.

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Soldier with new arms determined to be independent


BALTIMORE (AP) — After weeks of round-the-clock medical care, Brendan Marrocco insisted on rolling his own wheelchair into a news conference using his new transplanted arms. Then he brushed his hair to one side.


Such simple tasks would go unnoticed in most patients. But for Marrocco, who lost all four limbs while serving in Iraq, these little actions demonstrate how far he's come only six weeks after getting a double-arm transplant.


Wounded by a roadside bomb in 2009, the former soldier said he could get by without legs, but he hated living without arms.


"Not having arms takes so much away from you. Even your personality, you know. You talk with your hands. You do everything with your hands, and when you don't have that, you're kind of lost for a while," the 26-year-old New Yorker told reporters Tuesday at Johns Hopkins Hospital.


Doctors don't want him using his new arms too much yet, but his gritty determination to regain independence was one of the chief reasons he was chosen to receive the surgery, which has been performed in the U.S. only seven times.


That's the message Marrocco said he has for other wounded soldiers.


"Just not to give up hope. You know, life always gets better, and you're still alive," he said. "And to be stubborn. There's a lot of people who will say you can't do something. Just be stubborn and do it anyway. Work your ass off and do it."


Dr. W.P. Andrew Lee, head of the team that conducted the surgery, said the new arms could eventually provide much of the same function as his original arms and hands. Another double-arm transplant patient can now use chopsticks and tie his shoes.


Lee said Marrocco's recovery has been remarkable, and the transplant is helping to "restore physical and psychological well-being."


Tuesday's news conference was held to mark a milestone in his recovery — the day he was to be discharged from the hospital.


Next comes several years of rehabilitation, including physical therapy that is going to become more difficult as feeling returns to the arms.


Before the surgery, he had been living with his older brother in a specially equipped home on New York's Staten Island that had been built with the help of several charities. Shortly after moving in, he said it was "a relief to not have to rely on other people so much."


The home was heavily damaged by Superstorm Sandy last fall.


"We'll get it back together. We've been through a lot worse than that," his father, Alex Marrocco, said.


For the next few months, Marrocco plans to live with his brother in an apartment near the hospital.


The former infantryman said he can already move the elbow on his left arm and rotate it a little bit, but there hasn't been much movement yet for his right arm, which was transplanted higher up.


Marrocco's mother, Michelle Marrocco, said he can't hug her yet, so he brushes his left arm against her face.


The first time he moved his left arm was a complete surprise, an involuntary motion while friends were visiting him in the hospital, he said.


"I had no idea what was going through my mind. I was with my friends, and it happened by accident," he recalled. "One of my friends said 'Did you do that on purpose?' And I didn't know I did it."


Marrocco's operation also involved a technical feat not tried in previous cases, Lee said in an interview after the news conference.


A small part of Marrocco's left forearm remained just below his elbow, and doctors transplanted a whole new forearm around and on top of it, then rewired nerves to serve the old and new muscles in that arm.


"We wanted to save his joint. In the unlucky event we would lose the transplant, we still wanted him to have the elbow joint," Lee said.


He also explained why leg transplants are not done for people missing those limbs — "it's not very practical." That's because nerves regrow at best about an inch a month, so it would be many years before a transplanted leg was useful.


Even if movement returned, a patient might lack sensation on the soles of the feet, which would be unsafe if the person stepped on sharp objects and couldn't feel the pain.


And unlike prosthetic arms and hands, which many patients find frustrating, the ones for legs are good. That makes the risks of a transplant not worth taking.


"It's premature" until there are better ways to help nerves regrow, Lee said.


Now Marrocco, who was the first soldier to survive losing all four limbs in the Iraq War, is looking forward to getting behind the wheel of his black 2006 Dodge Charger and hand-cycling a marathon.


Asked if he could one day throw a football, Dr. Jaimie Shores said sure, but maybe not like Baltimore Ravens quarterback Joe Flacco.


"Thanks for having faith in me," Marrocco interjected, drawing laughter from the crowd.


His mother said Marrocco has always been "a tough cookie."


"He's not changed that, and he's just taken it and made it an art form," Michelle Marrocco said. "He's never going to stop. He's going to be that boy I knew was going to be a pain in my butt forever. And he's going to show people how to live their lives."


___


Associated Press Chief Medical Writer Marilynn Marchione in Milwaukee and AP writer David Dishneau in Hagerstown, Md., contributed to this report.


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Wall Street edges higher, Amazon offsets GDP

NEW YORK (Reuters) - Stocks were flat on Wednesday as an unexpectedly weak read on fourth-quarter economic activity was offset by strong results at Boeing and Amazon.com.


Equities continued to shrug off negative news, with the S&P 500 staying above 1,500, a level that market technicians call an inflection point that will determine the overall direction in the near term.


The first read showed gross domestic product fell 0.1 percent, far below expectations for growth of 1.1 percent. However, private sector employment topped forecasts, with the ADP National Employment report showing 192,000 jobs added in January, higher than the 165,000 expectation.


"The GDP report is the only negative shock we've had in a while, and it isn't terrible since it showed increases in business and consumer spending, which is what everyone wants to drive growth from here," said Randy Frederick, managing director of active trading and derivatives for Charles Schwab in Austin, Texas.


Deeper losses were prevented by a rise in both Boeing Co and Amazon.com Inc , which rallied after earnings beat expectations, continuing a trend this quarter of high-profile names advancing after results.


Amazon.com Inc rose 6.7 percent to $277.87 a day after reporting strong revenue growth. Boeing rose 0.5 percent to $74 after its results. The Dow component also said that while production continued on its Dreamliner jet, which has had technical problems recently, it was suspending delivery until clearance was granted by the Federal Aviation Administration.


Thomson Reuters data showed that of the 174 companies in the S&P 500 that have reported earnings this season, 68.4 percent have been above analyst expectations, which is a higher proportion than over the past four quarters and above the average since 1994.


The Dow Jones industrial average <.dji> was up 5.50 points, or 0.04 percent, at 13,959.92. The Standard & Poor's 500 Index <.spx> was up 1.09 points, or 0.07 percent, at 1,508.93. The Nasdaq Composite Index <.ixic> was up 5.73 points, or 0.18 percent, at 3,159.39.


The S&P 500 is on track to post its best monthly performance since October 2011 as investors poured $55 billion in new cash into stock mutual funds and exchange-traded funds in January, the biggest monthly inflow on record.


The Dow Jones industrial average has been flirting with 14,000, a level it hasn't seen since October 2007. Many analysts have said markets may need to take a pause.


"I'm neutral on markets at these levels, even though there aren't a lot of negatives out there," Frederick said. "At some point there will be a pullback, but the underlying trends remain strong and I think it is possible the S&P could hit a new all-time high sometime this quarter."


The all-time intraday high for the S&P 500 is 1,576.09, reached October 11, 2007.


The Federal Reserve concludes a two-day meeting on Wednesday, and while the central bank is expected to keep monetary policy on a steady path, intensive debates continue behind the scenes over when the controversial bond-buying program should be curtailed.


Chesapeake Energy Corp rose 11 percent to $21.11 as the S&P's biggest percentage gainer, a day after saying Aubrey McClendon would step down as chief executive after a year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer.


(Editing by Chizu Nomiyama and Nick Zieminski)



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The Lede Blog: Syria President's Wife Pregnant, Lebanese Newspaper Says

Just as tens of thousands of Syrians are scrambling to get themselves and their children out of war-ravaged Syria, President Bashar al-Assad and his glamorous wife, Asma, apparently are taking the opposite approach. They are having a baby, according to a Lebanese newspaper sympathetic to the Assad family.

The newspaper, Al Akhbar, dropped this news on Monday as a tangential reference in a fawning article describing a visit with President Assad in Damascus, in which he predicts victory in an increasingly bloody insurgency that is almost two years old. “On a personal level, the man seems calm and in control,” said an English-language version of the article on the newspaper’s Web site. “His confidence stands out. Also, there’s the news of the pregnancy of his wife, Asma, which could not be dealt with as a simple personal matter between a couple.” The Assads already have three young children.

The Al Akhbar account provided no further insight into the pregnancy or due date. But the reference seemed to corroborate rumors that Mrs. Assad had conceived in June, which was reported in November by Al Bawaba, an Amman-based news Web site. Mrs. Assad, a 37-year-old former investment banker who was born in London, has not been seen publicly in months. Rumors have repeatedly surfaced that she has left Syria for personal safety reasons.

If the June conception rumors are correct, the Assads expanded their family during some of the worst mayhem in the country. Mr. Assad said for the first time that month that the country was in a state of war. He further antagonized his former friendly neighbor Turkey when Syrian gunners shot down a Turkish warplane over the Mediterranean. A rash of high-ranking military officers defected in Turkey, and a Syrian Air Force pilot flew his MiG to Jordan and sought asylum. And the United Nations cease-fire monitoring mission in Syria was suspended because of escalating violence.

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Cricket-Australia board play straight bat to Warne twitter rant






Jan 29 (Reuters) – Cricket Australia (CA) chief executive James Sutherland has defended the organisation following a scathing attack aimed at them by spin great Shane Warne, who panned the board in a series of Twitter rants.


Sutherland added that he was prepared to meet with Warne and discuss the 43-year-old’s criticism of CA’s player rotation policy and his claim that “rubbish” decisions were turning Australian cricket into a “big joke”.






After venting his initial anger on Monday, Warne reiterated his views a day later.


“As I said last night we need cricket people running the team & who understand cricket & what’s required at the top level, not muppets,” he tweeted on Tuesday.


Warne questioned the logic of having former rugby union international Pat Howard as the board’s high performance manager but Sutherland threw his weight behind the former Wallaby back.


“I have every confidence in Pat Howard and his team, and what they’re doing,” Sutherland told local media on Tuesday.


“Personally I find it a little bit disappointing to read about that (Warne’s criticisms) in the fashion that I have.


“Ideally you’d like to be able to sit down with Shane and understand a little bit more deeply his opinions.”


Australia won all three tests in a recent series against Sri Lanka but were held 2-2 in the subsequent one-day internationals after resting skipper Michael Clarke for the first two matches.


The hosts, however, lost both Twenty20 internationals and were left debating the merits of a controversial rotation policy CA has introduced to manage injuries and the workload of their frontline players.


While Warne insisted Australia needed to field their best 11 players every time they stepped out, fast bowling great Dennis Lillee has backed CA’s approach.


“He’s 100 percent in agreement with the selection panel with managing the load and development of players,” Sutherland said of Lillee, who captured 355 wickets in 70 tests.


“Who’s right here?


“You’ve got Shane Warne saying one thing, Dennis Lillee saying another. It’s not a black and white issue.”


Warne retired from test cricket in 2007 after taking 708 wickets in 145 tests. (Reporting by Amlan Chakraborty in New Delhi; Editing by John O’Brien)


Social Media News Headlines – Yahoo! News





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Camila McConaughey Takes Baby Livingston to the Park (Photo)















01/29/2013 at 10:05 AM EST







Camila Alves and baby boy Livingston


FameFlynet


A lovely 80-degree day in Austin, Texas, was just what Livingston McConaughey needed for a nice stroll in the park.

Camila and Matthew McConaughey's newborn son enjoyed an outing with mom on Sunday – the first glimpse of the couple's third child, who was born Dec. 28.

Camila, who celebrated her 30th birthday on Jan. 28, shared her happiness via Twitter, writing, "Today I am 30 years old, Livingston is 30 days old and I'm blessed with 3 healthy children...I am so thankful and full of joy!"

At the park on Sunday, she mostly kept Livingston covered in a light blanket, and was seen kissing the boy on the head.

Camila, meanwhile, was dressed comfortably in a white shirt, black leggings, sneakers and dark sunglasses.

Matthew was also out and about in Austin on Sunday, looking well on his way back from his dramatic weight loss for a movie role.

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Study says leafy greens top food poisoning source


NEW YORK (AP) — A government study has fingered leafy green vegetables as the leading source of food poisoning illnesses.


However, the most food-related deaths were from contaminated chicken and other poultry.


The Centers for Disease Control and Prevention released the study Tuesday. It's based on an analysis of food poisoning cases from 1998 through 2008. It's the agency's most comprehensive attempt to identify which foods most often carry germs that make us sick.


The CDC estimates roughly 1 in 6 Americans — or 48 million people— gets sick from food poisoning each year. That includes 128,000 hospitalization and 3,000 deaths.


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CDC journal: http://www.cdc.gov/eid/


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Wall Street flat, investors look for new catalyst

NEW YORK (Reuters) - Stocks were flat on Tuesday as investors looked for new reasons in economic data or earnings to extend a rally that pushed major averages near five-year highs.


Equities have been on a tear lately, with the S&P 500 recently climbing for eight straight sessions, extending its rise in January to 5.1 percent. The index hovered around 1,500, suggesting there was still support for a market that has been hovering around five-year highs.


"A move like this in one month is extraordinary, and keeping the gains going will depend on concrete news like earnings and data that show the economy is getting better," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "We haven't seen enough of that to make people jump in after the rally we've had."


The gains have largely come on a strong start to earnings season, though results were mixed on Tuesday with Pfizer Inc rising but Ford Motor Co dropping after its report.


Both companies reported profits that topped expectations, but Ford also forecast a wider loss in its European segment. Shares dropped 3.6 percent to $13.32 as one of the biggest percentage losers on the S&P 500.


Pfizer, a Dow component, rose 1.2 percent to $27.16 after its results while Eli Lilly and Co rose 1.2 percent to $53.25 after reporting adjusted fourth-quarter earnings and revenue that beat expectations.


In economic news, stocks retreated slightly after data showed U.S. consumer confidence dropped to its lowest level in more than a year in January. Americans were more pessimistic about the economic outlook and their financial prospects, according to the Conference Board.


In addition, home prices rose 0.6 percent in November, as expected, according to the S&P Case/Shiller Home Price Index. The news comes a day after data showed an unexpected drop in December pending home sales.


Thomson Reuters data showed that of the 150 companies in the S&P 500 that have reported earnings so far, 67.3 percent have beaten analysts' expectations, which is a higher proportion than over the past four quarters and above the average since 1994.


The Dow Jones industrial average <.dji> was up 13.40 points, or 0.10 percent, at 13,895.33. The Standard & Poor's 500 Index <.spx> was down 1.01 points, or 0.07 percent, at 1,499.17. The Nasdaq Composite Index <.ixic> was down 18.21 points, or 0.58 percent, at 3,136.09.


The Nasdaq was pressured by a pair of disappointing tech outlooks. Seagate Technology Plc forecast third-quarter revenue below expectations while BMC Software Inc gave a 2013 profit view that was below forecasts.


Seagate shares slumped 8.7 percent to $34.10 while BMC fell 7.8 percent to $41.


On the upside in technology, Yahoo Inc rose 1.2 percent to $20.55 a day after forecasting a rise in annual revenue.


The Federal Reserve's Open Market Committee is due to hold two days of meetings on interest rates beginning on Tuesday.


In a sign of an improved view towards equities, investors poured $55 billion in new cash into stock mutual funds and exchange-traded funds in January, the biggest monthly inflow on record, research provider TrimTabs Investment Research said.


(Editing by Kenneth Barry and Nick Zieminski)



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Toyota Returns to No. 1 in Global Auto Sales








TOKYO — Toyota Motor sold a record 9.75 million vehicles last year, according to an official tally released Monday, roaring past General Motors and Volkswagen to reclaim its title as the world’s top automaker in 2012.




General Motors, which held the top spot in 2011, mustered 9.29 million vehicles in global sales last year. The U.S. company had been the top-selling automaker for decades before losing its lead to Toyota in 2008.


Volkswagen sold 9.1 million vehicles last year, a record for the German automaker, which has expanded its presence in emerging markets. VW also outsold Toyota in 2011.


Toyota estimated last month that it sold 9.7 million vehicles for the year, and final figures released Monday were slightly higher.


By confirming its No. 1 title, Toyota cements a strong comeback from several years of tumbles.


A sharp slowdown in exports during the global economic crisis led to the automaker’s biggest loss in decades, while controversy over its handling of recalls greatly tarnished its image for quality and reliability.


In 2011, the earthquake and tsunami in Japan, as well as widespread flooding in Thailand later that year, severely disrupted production, weighing on sales in important markets like the United States and pushing Toyota to No. 3 in global sales.


Toyota had a bumper year in 2012, however, as production rebounded and the automaker went on an offensive to win back market share. Toyota sales in the United States surged 27 percent, to 2.08 million vehicles. In Japan, sales rose 35 percent, to 2.41 million units, helped by government incentives for fuel-efficient cars.


Those increases were enough to offset a decline in sales in China, where Japanese businesses have been hurt by consumer boycotts amid a bitter territorial dispute between the two countries. In Europe, sales of Toyota cars rose by 2 percent. Toyota’s sales figures include deliveries from its subsidiaries Hino Motors and Daihatsu Motor.


The other automakers among Japan’s big three also sold more cars in 2012 and are set for even higher sales this year on the back of a weaker yen, which makes Japanese-made cars and parts more price competitive. Honda Motor said global sales jumped 19 percent to 3.82 million vehicles, while Nissan Motor logged a 5.8 percent sales growth to 4.94 million vehicles.


This year, Toyota aims to improve on its record for this year to sell 9.91 million cars worldwide.


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Michelle Williams Says Reports of Destiny's Child Super Bowl Reunion Are Not True















01/28/2013 at 10:15 AM EST







Destiny's Child (from left) Beyoncé Knowles, Michelle Williams and Kelly Rowland


Anthony Harvey/PA/Abaca


Are they or aren't they?

Fans of Destiny's Child may be wondering where Kelly Rowland and Michelle Williams will be at the Super Bowl halftime show.

While BeyoncĂ© has posted photos of her rehearsals for the big performance, Williams says reports of a reunion for the pop group are merely unconfirmed rumors – and that they're "not true."

"I'm going to be in the musical Fela!," she told WRUG Media in a recent interview. "I hate to disappoint the people and tell them that it's not true."

Williams is headlining a world tour of the Tony Award-winning show, which kicks off Tuesday in Washington, D.C. According to the show's website, there are two performances of Fela! at D.C.'s Sidney Harman Hall, at 3 p.m. and 8 p.m. on Super Bowl Sunday, which would make it difficult to be in New Orleans for the game without help from an understudy.

"I'm so sorry. I'm so sorry," Williams said of the reunion rumors. "But we did record a song with each other before the holidays."

Destiny's Child – Love Songs, a greatest hits compilation of the group's most romantic recordings set for release Tuesday, will feature a new song, "Nuclear," their first in eight years.

But Williams did hint that a reunion outside the recording studio may still happen.

"We have talked about it," she said. "You know, one day soon."

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Wounded soldier gets double-arm transplant in Md.


BALTIMORE (AP) — A soldier who lost all four limbs in a roadside bomb attack in 2009 in Iraq has received a double-arm transplant in Baltimore.


Johns Hopkins Hospital surgeons plan to discuss the transplant Tuesday at a news conference with the infantryman.


Johns Hopkins says the soldier is one of seven in the United States who have undergone successful double-arm transplants.


Hospital officials say the transplant last month is the first for the hospital and involved an innovative treatment to prevent rejection of the new limbs. Johns Hopkins officials say the treatment used the dead donor's bone marrow cells and so far has prevented rejection and reduced the need for anti-rejection drugs. Those drugs can cause complications including infection and organ damage.


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Wall Street flat after rally, Caterpillar advances

NEW YORK (Reuters) - U.S. stocks were flat on Monday, with investors reluctant to make big bets following an extended equity rally, though strong data and results from Caterpillar kept a positive tone in markets.


The S&P 500 is coming off a streak of eight sessions of gains, the longest winning streak for the index in eight years. On Friday, it closed above 1,500 for the first time in more than five years.


Caterpillar Inc rose 1.8 percent to $97.24 after the Dow component reported adjusted fourth-quarter earnings that beat expectations, though revenue was slightly below forecasts. The heavy machinery maker also said it expects China's economy to improve, though not at the rates of 2010 and 2011.


The results continued the trend of major firms posting strong quarters, contributing to major averages rising for four straight weeks.


"You can't find more of a global bellwether than Cat, and people are pleased with the number, which suggests there could be less concern about slowing growth in China after this," said Wayne Kaufman, chief market analyst at John Thomas Financial in New York.


Thomson Reuters data through Friday showed that of the 147 S&P 500 companies that have reported earnings so far, 68 percent exceeded expectations. Since 1994, 62 percent of companies have topped expectations, while the average over the past four quarters stands at 65 percent.


The Dow Jones industrial average <.dji> was up 18.07 points, or 0.13 percent, at 13,914.05. The Standard & Poor's 500 Index <.spx> was down 0.07 points, or 0.00 percent, at 1,502.89. The Nasdaq Composite Index <.ixic> was up 7.25 points, or 0.23 percent, at 3,156.97.


The S&P 500 on Friday closed at its highest since December 10, 2007, and the Dow ended at its highest since October 31, 2007. Over the past four weeks, the S&P has jumped 7.2 percent, suggesting markets may be vulnerable to a pullback if news disappoints.


Durable goods jumped 4.6 percent in December, a pace that far outstripped expectations for a rise of 1.8 percent.


"We continue to have a parade of better-than-expected economic reports. All-in-all it's a good picture. I think there's a good chance we've reached a point of recognition where people don't think the economy will crater," Kaufman said.


In addition to earnings, equities have also risen on an agreement in Washington to extend the government's borrowing power. On Monday, Fitch Ratings said that agreement removed the near-term risk to the country's 'AAA' rating.


Previously, the agency said the lack of an agreement would prompt a review of the sovereign rating.


In company news, Keryx Biopharmaceuticals Inc said a late-stage trial of its experimental kidney disease drug met the main study goal of reducing phosphate levels in blood, sending shares up 43 percent to $4.91.


Bargain hunters may look to Apple Inc in the first session after the tech giant lost its coveted title as the largest U.S. company by market capitalization to Exxon Mobil Corp . Apple rose 0.7 percent to $443.06.


On Friday, Apple's market cap fell to $413 billion, down roughly $250 billion from its September peak. Apple's fall is about equal to the entire value of Google Inc .


"Apple is pretty attractive right now, so you may see an opportunity here," said Chris Bertelsen, who helps oversee $1.5 billion as chief investment officer of Global Financial Private Capital in Sarasota, Florida. "Those who think the stock is dead have made a big mistake."


(Editing by W Simon, Kenneth Barry and Nick Zieminski)



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