IBM's outlook lifts Dow, Nasdaq amid tech rally

NEW YORK (Reuters) - Stocks edged higher on Wednesday as IBM and other tech companies continued a trend of results that beat Wall Street's expectations and propelled the market to a five-day advance.


Internet search company Google Inc added to the advance, rising 5.1 percent to $738.65 a day after Google reported its core business outpaced expectations. Revenue was also higher than expected.


International Business Machines Corp late Tuesday forecast better-than-anticipated 2013 results and also posted fourth-quarter earnings and revenue that beat expectations. The results helped to allay concerns about the tech sector after Intel Corp gave a weak outlook last week. IBM, the world's largest technology services company, rose 3.8 percent to $203.57.


"Tech companies are really shattering expectations, which is obviously helping markets. There doesn't seem to be an end to this rally," said Todd Schoenberger, managing partner at LandColt Capital in New York.


But gains were limited in the S&P 500 a day after it closed at a level not seen since December 2007. Many investors were also holding off to see earnings from Apple Inc , the most valuable U.S. company which was due to report after the market closes.


McDonald's edged higher 0.2 percent to $93.11 after reporting a rise in fourth-quarter earnings, lifted by an increase in same-store sales. United Tech's earnings fell from the prior year, hurt by large restructuring charges. Shares edged up at $87.91.


On the downside, Coach Inc slumped 15 percent to $51.40 as the S&P's biggest percentage loser after reporting sales that missed expectations.


After the market closes, investors will scour Apple's results for signs the tech giant can continue to grow at an accelerated pace. The stock has been pressured recently by questions raised about demand for Apple's prospects. The stock has fallen 5 percent since the start of the year, compared with gains of 4.6 percent in the S&P 500. It rose 0.4 percent to $507.04 on Wednesday.


"If Apple comes out with a blockbuster number, that would reinforce the argument that stocks are poised to do well in the first part of 2013," Schoenberger said.


The Dow Jones industrial average <.dji> was up 55.48 points, or 0.40 percent, at 13,767.69. The Standard & Poor's 500 Index <.spx> was up 0.06 points, or 0.00 percent, at 1,492.62. The Nasdaq Composite Index <.ixic> was up 10.89 points, or 0.35 percent, at 3,154.06.


Both the S&P 500 and Dow Jones industrial average hit five-year closing highs on Tuesday, with recent gains largely fueled by a strong start to the earning season.


According to the latest Thomson Reuters data, of the 74 S&P 500 companies that have reported earnings so far, 62.2 percent have topped expectations, roughly even with the 62 percent average since 1994, but below the 65 percent average over the past four quarters.


Overall, S&P 500 fourth-quarter earnings rose 2.6 percent, according to Thomson Reuters data. That estimate is above the 1.9 percent forecast from the start of earnings season, but well below the 9.9 percent fourth-quarter earnings forecast from October 1, the data showed.


Republican leaders in the U.S. House of Representatives aim on Wednesday to pass a bill to extend the U.S. debt limit by nearly four months, to May 19. The White House welcomed the move, saying it would remove uncertainty about the issue.


The debt limit issue has hung over the market for weeks, with many investors worried that if no deal is reached to raise the limit, it could have a negative impact on the economy.


(Editing by W Simon and Kenneth Barry)



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IHT Rendezvous: Two Views on Liberal Arts

This week, the IHT education section takes a look at the liberal arts, the largely North American education system that emphasizes a broad base of learning. It is slowly making inroads in Europe and Asia, where university courses have traditionally been more narrowly focused.

In Hong Kong, I met with Rebecca Chopp, the president of Swarthmore College, a top liberal arts colleges in the United States. Professor Chopp was on a whirlwind Asia tour that also included Tokyo, Seoul, Taipei, Shanghai and Suzhou, China. Like most college presidents on the road, she was there to visit alumni, raise funds and recruit students. She was also in a position to explain the pluses of a liberal arts education in a region where it’s still a foreign concept. She said:

“Liberal arts is founded on a whole person, developing a person athletically and academically. Liberal arts is going international. The 21st century is one of entrepreneurship and innovation. There will not be fixed careers. The liberal arts teaches you to think outside the box.”

Here’s a tidbit that didn’t make it into my article: The first semester for every student at Swarthmore is pass/fail. You cannot get an A (or a D, for that matter). Professor Chopp was frank about her own less-than-stellar academic beginnings, so maybe she is particularly forgiving of freshmen who are finding their way. She said that this system encouraged risk-taking — not something all academically driven students are wont to do. With a pass/fail system an aspiring doctor can try an art class, with no fear that it will bring down his or her grade-point average, or an artist can try a science class.

Speaking of doctors, Professor Chopp addressed a common (and inaccurate) worry about the liberal arts: that they lead to impractical degrees in obscure subjects that don’t lead to good careers. She points out that Swarthmore graduates who apply to medical school have a higher-than-average chance of getting in (81 percent).

A private liberal arts college in the U.K.?

In London, D.D. Guttenplan visited the leafy campus of Regent’s College, which is something of an anomaly in Britain. Once it gets government approval, probably next month, Regent’s will be only the second private university in the country (after the University of Buckingham).

Regent’s is also different because it is structured something like a U.S. liberal arts college – with a looser curriculum, small-group teaching, points for speaking up in class and a very international student body. (Only 15 percent come from Britain.)

Lawrence Phillips, who heads Regent’s American College (one of its specialist schools), said in an interview:

“I came here out of specific concerns about the narrowness of British universities, producing business graduates who can’t write and historians who can’t count.”

Mr. Guttenplan also spoke to foreign students like Lisa Marie Nyvoll, who said, “In Norway, you only study a single subject, and I wanted something more flexible.” You can read the full article here.

The liberal arts model is shaped like an inverted pyramid — broad on top, and then tapering down to a point. The traditional European or Asian model is shaped like a telescope — narrow and focused all the way through.

By the middle of high school, most European or Asian students have chosen their field of study and are taking courses and exams that will get them into their desired course. Meanwhile, there are 19-year-olds in America still debating whether they want to major in chemistry and minor in music. Many students and parents I meet in Europe and Asia are surprised to hear that some American students don’t declare their majors until the end of their second year – about half-way through their four-year degrees.

Do private U.S.-style colleges have a place in Britain, which has its own proud academic culture? Which system better prepares students for the real world? One that gives students three years of intense study in one field? Or one that takes four years to produce literate scientists and numerate writers?

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Canada wants RIM organic growth, may have to review handset sale






OTTAWA (Reuters) – The Canadian government wants BlackBerry maker Research in Motion to continue to be a global leader and grow organically, and Ottawa may have to review a future sale of its handset business, Industry Minister Christian Paradis said on Tuesday.


“We hope to see RIM remain a global leader and player, and make sure it grows organically,” Paradis told Reuters by phone from Germany, where he is meeting with industrial leaders.






He also said the government did not intend at present to open up Canada’s telecommunications sector further to foreign investment.


(Reporting by Randall Palmer Editing by W Simon)


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Adrienne Maloof Steps Out with Sean Stewart






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01/22/2013 at 10:00 AM EST







Adrienne Maloof and Sean Stewart


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After her bitter divorce battle, Adrienne Maloof is apparently getting back into the dating scene with a little help from rock royalty two decades her junior.

The Real Housewives of Beverly Hills star, 51, has been getting close with Sean Stewart, 32, son of the legendary British rocker Rod Stewart.

"Adrienne is enjoying dating," a source close to Maloof tells PEOPLE.

The pair were spotted kissing as they left the Crustacean restaurant in Beverly Hills on Saturday. Maloof later told TMZ.com of their age difference: "Age is just a number."

She added: "It's about how good of a person you are. ... [Sean] is a very funny guy. He's very giving, he mentors at the mission, works with at-risk children, and gives his time and money to get children off the streets."

Stewart has had his share of bumps in the road, too. He appeared on season 2 of Celebrity Rehab with Dr. Drew after battling substance abuse.

The Stewart men have a thing for older women. Rod's first big hit, back in 1971, was "Maggie May," which told the autobiographical story of a young man involved with an older woman.

• Reporting by RAHA LEWIS

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Flu season fuels debate over paid sick time laws


NEW YORK (AP) — Sniffling, groggy and afraid she had caught the flu, Diana Zavala dragged herself in to work anyway for a day she felt she couldn't afford to miss.


A school speech therapist who works as an independent contractor, she doesn't have paid sick days. So the mother of two reported to work and hoped for the best — and was aching, shivering and coughing by the end of the day. She stayed home the next day, then loaded up on medicine and returned to work.


"It's a balancing act" between physical health and financial well-being, she said.


An unusually early and vigorous flu season is drawing attention to a cause that has scored victories but also hit roadblocks in recent years: mandatory paid sick leave for a third of civilian workers — more than 40 million people — who don't have it.


Supporters and opponents are particularly watching New York City, where lawmakers are weighing a sick leave proposal amid a competitive mayoral race.


Pointing to a flu outbreak that the governor has called a public health emergency, dozens of doctors, nurses, lawmakers and activists — some in surgical masks — rallied Friday on the City Hall steps to call for passage of the measure, which has awaited a City Council vote for nearly three years. Two likely mayoral contenders have also pressed the point.


The flu spike is making people more aware of the argument for sick pay, said Ellen Bravo, executive director of Family Values at Work, which promotes paid sick time initiatives around the country. "There's people who say, 'OK, I get it — you don't want your server coughing on your food,'" she said.


Advocates have cast paid sick time as both a workforce issue akin to parental leave and "living wage" laws, and a public health priority.


But to some business owners, paid sick leave is an impractical and unfair burden for small operations. Critics also say the timing is bad, given the choppy economy and the hardships inflicted by Superstorm Sandy.


Michael Sinensky, an owner of seven bars and restaurants around the city, was against the sick time proposal before Sandy. And after the storm shut down four of his restaurants for days or weeks, costing hundreds of thousands of dollars that his insurers have yet to pay, "we're in survival mode."


"We're at the point, right now, where we cannot afford additional social initiatives," said Sinensky, whose roughly 500 employees switch shifts if they can't work, an arrangement that some restaurateurs say benefits workers because paid sick time wouldn't include tips.


Employees without sick days are more likely to go to work with a contagious illness, send an ill child to school or day care and use hospital emergency rooms for care, according to a 2010 survey by the University of Chicago's National Opinion Research Center. A 2011 study in the American Journal of Public Health estimated that a lack of sick time helped spread 5 million cases of flu-like illness during the 2009 swine flu outbreak.


To be sure, many employees entitled to sick time go to work ill anyway, out of dedication or at least a desire to project it. But the work-through-it ethic is shifting somewhat amid growing awareness about spreading sickness.


"Right now, where companies' incentives lie is butting right up against this concern over people coming into the workplace, infecting others and bringing productivity of a whole company down," said John A. Challenger, CEO of employer consulting firm Challenger, Gray & Christmas.


Paid sick day requirements are often popular in polls, but only four places have them: San Francisco, Seattle, Washington, D.C., and the state of Connecticut. The specific provisions vary.


Milwaukee voters approved a sick time requirement in 2008, but the state Legislature passed a law blocking it. Philadelphia's mayor vetoed a sick leave measure in 2011; lawmakers have since instituted a sick time requirement for businesses with city contracts. Voters rejected a paid sick day measure in Denver in 2011.


In New York, City Councilwoman Gale Brewer's proposal would require up to five paid sick days a year at businesses with at least five employees. It wouldn't include independent contractors, such as Zavala, who supports the idea nonetheless.


The idea boasts such supporters as feminist Gloria Steinem and "Sex and the City" actress Cynthia Nixon, as well as a majority of City Council members and a coalition of unions, women's groups and public health advocates. But it also faces influential opponents, including business groups, Mayor Michael Bloomberg and City Council Speaker Christine Quinn, who has virtually complete control over what matters come to a vote.


Quinn, who is expected to run for mayor, said she considers paid sick leave a worthy goal but doesn't think it would be wise to implement it in a sluggish economy. Two of her likely opponents, Public Advocate Bill de Blasio and Comptroller John Liu, have reiterated calls for paid sick leave in light of the flu season.


While the debate plays out, Emilio Palaguachi is recovering from the flu and looking for a job. The father of four was abruptly fired without explanation earlier this month from his job at a deli after taking a day off to go to a doctor, he said. His former employer couldn't be reached by telephone.


"I needed work," Palaguachi said after Friday's City Hall rally, but "I needed to see the doctor because I'm sick."


___


Associated Press writer Susan Haigh in Hartford, Conn., contributed to this report.


___


Follow Jennifer Peltz at http://twitter.com/jennpeltz


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Wall Street flat near five-year highs, Travelers rallies


NEW YORK (Reuters) - U.S. stocks were little changed near five-year highs on Tuesday as investors held back from making large bets ahead of earnings from key tech companies.


Both the Dow and S&P 500 closed at their highest levels so far in this earnings season, with the gains largely coming on better-than-expected results. But despite bullish statements from major companies, many investors are worried economic uncertainty in the fourth quarter hurt earnings and revenues.


Weaker-than-expected economic data had little impact on stocks. Existing-home sales unexpectedly fell in December, dropping 1 percent, according to the National Association of Realtors. Analysts were looking for a rise of 1.2 percent.


Recently Apple Inc and Intel Corp gave weak outlooks, calling the tech sector' outlook into question. Three tech companies are due to report after the market's close: Google Inc, International Business Machines and Texas Instruments.


"Markets are quiet today with many investors taking a wait-and-see approach to tonight's tech earnings," said Douglas DePietro, managing director at Evercore Partners in New York. "There's still room for us to rise from here, but right now most of the action is in specific stocks."


Four Dow components reported early on Tuesday, and three rose on the results. Insurer Travelers Cos was the stand-out, climbing 3.4 percent to $78.90 as the S&P 500's biggest percentage gainer after it forecast higher premiums across its business.


DuPont, the largest U.S. chemical company by market capitalization, reported revenue that was ahead of Wall Street expectations, while Verizon Communications Inc also posted revenue that beat forecasts.


Shares of DuPont were up 0.6 percent at $47.24 while Verizon rose 0.3 percent to $42.67.


On the downside, Johnson & Johnson, the diversified health company, fell 0.5 percent to $72.87 after forecasting 2013 earnings below expectations.


The Dow Jones industrial average was down 6.07 points, or 0.04 percent, at 13,643.63. The Standard & Poor's 500 Index was down 1.56 points, or 0.10 percent, at 1,484.42. The Nasdaq Composite Index was down 2.52 points, or 0.08 percent, at 3,132.19.


Monday was a market holiday for Martin Luther King Jr. Day in the United States. President Barack Obama at his inauguration for a second term on Monday called for aggressive action on climate change, economic equality and the federal budget.


Markets have recently been pressured by uncertainty stemming from Washington about the federal debt limit and spending cuts that could hamper U.S. growth.


Republican leaders in the House of Representatives said they aim to pass on Wednesday a nearly four-month extension of the U.S. debt limit, allowing the government to borrow enough to meet its obligations during that period.


Overall, S&P 500 fourth-quarter earnings rose 2.5 percent, according to Thomson Reuters data.


U.S. shares of Research in Motion jumped 8.2 percent to $17.13 a day after its chief executive said the company may consider strategic alliances with other companies after the launch of devices powered by RIM's new BlackBerry 10 operating system.


(Editing by Chizu Nomiyama and Kenneth Barry)



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IHT Rendezvous: China's 'Lamborghini' Coefficient: Who's Getting Richer and Who Poorer?

BEIJING — Search the word Gini, or “jini,” for Gini coefficient, the well-known measure of income inequality, on China’s biggest microblogging site and the first result today was for Lamborghini, the Italian luxury sports car (in Chinese, the two words share a similar sound in the last part of the car’s name.)

That is very ironic because the Gini coefficient measures income inequality and the Lamborghini, which can set a buyer back $300,000, is not an uncommon sight on the streets of big Chinese cities, an object of resentment among ordinary people who view it as a symbol of how a few people are amassing tremendous wealth as many struggle with low incomes, low bank deposit rates, high property prices and persistent inflation.

In other words, income inequality in China is politically sensitive.

(The Gini index is a measure of household income inequality; zero represents perfect income equality and one, perfect inequality, a situation where one person would own all the wealth, as the World Bank explains.)

So last Friday, when the government announced China’s Gini coefficient figures for the first time in over a decade, there was excitement – and quite a bit of scorn – expressed online and in media reports as well as private conversations. Why?

According to the figures, China today is actually more equal than in 2003, the National Bureau of Statistics said.

From 2003, the Gini coefficient did indeed rise, the bureau said, from 0.479 to a high in 2008 of 0.491. But by 2012 the figure had dropped to 0.474, meaning China is a more equal society today than a decade ago – despite all those Lamborghinis on the street.

At a news conference, Ma Jiantang, the bureau director, called the rate nevertheless “relatively high,” Xinhua reported. “China must accelerate its income distribution reform to narrow the rich-poor gap,” Xinhua said.

Yet the government’s “effective measures” to “bring benefits for its people” after the gobal financial crisis began in 2008 had brought down the measure, it quoted Mr. Ma as saying.

To compare with the United States: In 2011, the Gini coefficient there was also high, at 0.477, according to the U.S. Census Bureau.

Xinhua quoted the United Nations as putting the “warning level” on the rich-poor gap at 0.4.

Yet in China this weekend, few believed the new figures.

Here are two lively reactions from microblogs, from a journalist and an economist who together have over six million followers:

“Please choose one: 1. Really, thank you Fatherland; 2. That’s a myth; 3. Not sure, but hurry up and increase my salary,” Shi Shusi, a journalist and social commentator, the director of the state-run Worker’s Daily Weekly, said on his Sina Weibo account to nearly 875,000 followers.

Xu Xiaonian, a professor of finance and economics at the China Europe International Business School, wrote on his Weibo account (5.5 million followers): “A journalist rang to ask me to comment on today’s macroeconomic figures. I’d have to be crazy to truthfully comment on false figures. That Gini coefficient, to use the words of Zheng Yuanjie,” a popular children’s story writer, “‘no-one would even dare to write a fairytale like that.’”

A different report, in December, by researchers at the Southwestern University of Finance and Economics in the city of Chengdu, put China’s Gini at 0.61 for 2010.

While people are by and large glad to see the government once again measuring the figure after a decade-long hiatus (which Mr. Ma explained last year was due to the fact that the government did not actually know what people in the cities were earning, as I explored in a Letter from China,) a major problem facing the government is the scale of people’s “hidden income,” estimated by the Beijing-based economist Wang Xiaolu several years ago to be about 9.3 trillion renminbi (nearly $1.5 trillion).

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Google says Wall Street estimates need adjusting






SAN FRANCISCO (Reuters) – Google Inc issued a rare advisory to Wall Street on Friday that analyst estimates for its fourth quarter financial results are flawed.


The world’s No.1 search engine, which reports its quarterly results on Tuesday, said most analysts have not adjusted their estimates to reflect the pending $ 2.35 billion sale of the Motorola Home business.






The business must be presented separately from the results of Google’s continuing operations under U.S. accounting rules, Google Treasurer Brent Callinicos wrote in a post on Google’s investor relations Web page on Friday.


“As of this writing, a majority of Wall Street analysts who cover Google have not reflected the Home business as discontinued operations in their estimates,” Callinicos wrote.


The discrepancy means the fourth-quarter net revenue that Google reports on Tuesday could appear to be less than the $ 12.34 billion average that analysts polled by Thomson Reuters I/B/E/S are expecting.


Raymond James analyst Aaron Kessler says his fourth-quarter net revenue estimate includes nearly $ 900 million from the Motorola Home business.


“They’re saying that the headline number is going to be less than what most analysts have for Q4,” said Kessler.


The advisory is a rare move for Google, which does not provide financial forecasts and typically has limited interactions with analysts. The company has in the past provided accounting advisories to analysts about the Motorola Mobility business, which Google acquired for $ 12.5 billion in May.


Google bought Motorola Mobility primarily for its large portfolio of communications patents and its mobile phone business.


In December, Google agreed to sell the Motorola Home television set-top box business to Arris Group Inc for $ 2.35 billion in cash and stock.


Analysts expect Google to report adjusted earnings of $ 10.56 per share for the fourth quarter.


“It’s a little surprising that they’re doing this the Friday before the report,” said Kessler. “They should have put it out a week ago if they wanted analysts to change their numbers.”


(Reporting By Alexei Oreskovic. Editing by Andre Grenon)


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Jenna von Oy Blogs: The Magic of the Holidays

Jenna von Oy's Blog: The Magic of Christmas
In front of the Christmas Tree – Courtesy Jenna von Oy


Celebrity blogger Jenna von Oy is a new mama!


Best known for her roles as Six on Blossom and Stevie on The Parkers, von Oy is also a musician who has released two albums and is set to publish a book, The Betweeners.


von Oy, 35, wed Brad Bratcher on Oct. 10, 2010, and resides in Nashville with her husband and five dogs.


They welcomed their first child, daughter Gray Audrey, on May 21. She is now almost 8 months old.


In her latest blog, von Oy reflects on the spirit of Christmas — and celebrating the holiday with Gray.


You can find her on Facebook and Twitter @JennavonOy, as well as posting on her weekly blog, The Cradle Chronicles.


I realize it’s January now, and you’ve probably taken down your holiday lights. You’ve stowed the stockings, eaten all of the cookies and put away the gifts. But in my house, the Christmas spirit is still alive and well. Christmas has not left the building. Our tree is still whiling away the hours in our living room, and it isn’t because I’m lazy or haven’t found time to return everything to the attic. I just wanted to wake up to it for one more week, to enjoy the season a bit longer, to absorb the hope and happiness it brings.


Christmastime has always been truly magical for me. I believe it isn’t just a time of year; it’s a state of being. Regardless of your spiritual upbringing, it’s a season for togetherness, joy, peace, and goodwill. It’s a time to treasure those you love, in a profoundly meaningful way … especially your children. There’s no other season that incites wonder quite like Christmas, and seeing it through the eyes of my daughter for the first time was nothing short of miraculous. We have begun the holiday memories she will think back on fondly one day.


It inspires me to reminisce about my own special Christmas moments, especially those shared with my siblings: penning wish lists for Santa, trudging through snow to choose the “jolliest” tree we could find, hanging stockings on our mantle, putting our boots out in celebration of the German holiday of Saint Nicholas (the boots would get filled with nuts, fruit and other goodies), baking cookies and over-decorating them, festooning our tree in the ornaments we’ve collected each year since we were born, and dancing maniacally to “The Nutcracker Suite.”


I miss the winter wonderland of our East Coast upbringing: ice skating on the pond behind the home in which we were raised, watching snowflakes blanket the ground like frosting (it just begged for snowmen and snow angels to be made), sledding down our driveway in makeshift toboggans, and warming up in front of the fire with mugs of mulled cider. Those were the days!


But it isn’t all of the “deck the halls” and “fa-la-la” that made my spirit bright. Most importantly, the holiday season meant time spent with my family. It meant hunkering down out of the bitter cold and playing board games, while Burl Ives sang “A Holly Jolly Christmas” in the background. It meant attending midnight mass on Christmas Eve, and listening to my dad’s beautiful voice resonate from the choir. It was the joy of finding the perfect gift for my sister or brothers, and the glee of watching them unwrap it.


Even in adulthood, I find the Christmas magic hasn’t gone anywhere. It’s still in my heart, though its style has morphed a bit. Now I get to celebrate with my own little family, embracing long-held traditions while creating new ones with my husband and daughter.


I thought it might be fun to share some of them with you. I warn you, if you are feeling a bit of “bah humbug” and want Christmas to just go away already, this may not be the blog for you … I’ll begin with our “infamous Christmas tape.”


Jenna von Oy's Blog: The Magic of Christmas
Me back in 1980 – Courtesy Jenna von Oy


Many years ago, my siblings and I acquired a cassette tape of a schizophrenic compilation of Christmas music. It contains everything from Mahalia Jackson’s “Go Tell It On The Mountain,” to Johnny Mathis singing “Sleigh Ride,” to the Philadelphia Orchestra playing the “Hallelujah Chorus.” Like I said, it’s a wacky mix of tunes. Regardless, it’s our auditory mascot during Christmas. A year without hearing this crazy collection of songs would be a sad year, indeed.


The four of us used to jam to it while trimming the tree, and it was almost always accompanied by our crooning at the top of our lungs and dancing wildly around the living room. This was typically followed by a period of breathlessness and tearful laughter. My poor parents either hid or videotaped it. Want to know how to shed the pounds from over-indulging in Christmas cookies? The routine I just mentioned will definitely do it. I’ll spare you any sort of visual, but take my word for it … it’s a special breed of insanity aerobics.


The calamity often occurred into the wee hours of the morning, since we were generally high on sugar when it all went down. We found that the addition of hot cocoa or eggnog greatly improved our stamina. I’ve long suspected this display of madness would frighten away potential suitors or spouses, but I’m happy to report Brad has stuck around despite this tradition. He has witnessed it on several occasions and, while he has declined any participation in it, he hasn’t disowned me yet. :)


I must admit it wasn’t quite the same this year without my siblings around to share in my decorating dance-a-thon. Sadly, leaping across the kitchen via Skype just doesn’t have the same effect. This didn’t stop me, however, from showing my daughter what the hype is all about. I transferred that wonderfully awful cassette tape to my iPod, and Gray and I danced like no one was watching. She was all smiles and laughter. I can only hope the Christmas enthusiasm runs through her veins, as it does mine!


Another family tradition involves our ongoing ornament collection. My mom began the custom of gifting each of us kids with a yearly ornament, beginning at our births. The keepsakes have always served as a reminder of the wonderful memories we shared that year, often depicting something meaningful we experienced. For example, the first year I visited France, I received a mini Eiffel Tower to suspend from the pine branches. When I played “Molly” in a regional production of Annie at the age of six, I got a Little Orphan Annie ornament. It’s neat to go back through the years to see what stories our tree adornments conjure up!


Brad and I are continuing this collection with Gray, and she ended up with several ornaments this year. I hope they will always be a reminder of her first Christmas, and I look forward to passing them along to her once she is married and has a family of her own.


This tradition actually gave way to a new one as well … A few weeks before Christmas, once our main tree was already dressed and lit with the normal accoutrements, Gray got to pick out a smaller tree to host all of her special ornaments. She also had the honor of placing the first decoration on the larger one. Now that Christmas is over, we are going to find a spot in our yard to plant the sapling. I think it’s a great way to show her the importance of giving back to the earth, and it will be a neat project for us as a family.


Jenna von Oy's Blog: The Magic of Christmas
Bratcher Family Photo 2012 – Lila McCann Photography


The side benefit of this new tradition is that it helps to satisfy my need for a real evergreen in the house. Though I grew up in a family where we never dreamed of putting up a plastic tree, I’ve had to switch gears a bit in the past few years. Two words for you: Basset Hound. Evidently Christmas trees are the equivalent of a five-star gourmet meal to our sweet Mia, and the ornaments are her canine caviar. She will take any opportunity to snack on the branches if they are real pine, which we found out the hard way.


Needless to say, we’ve had a huge plastic deal ever since. At least the smaller tree that Gray chose fits on a tabletop, where it is out of reach! Mia’s Scrooge-like master plan has officially been thwarted. Now if I could just keep our pug, Bruiser, from unwrapping presents before Christmas morning…


So now that you know some of our special yearly customs, here’s an idea of how Gray’s first Christmas went down: I suppose it began the first week of December, with our official Christmas photo shoot. Though attempting to get all three of us to smile simultaneously was documentary-worthy, I’m thrilled to say it actually happened.


I give full credit to the patience of our photographer, Lila, who also happens to be one of my best friends. Since she has two children of her own, she’s well aware of the trials and tribulations of photographing a child in the throes of the naptime hour. Fun was had by all, especially when a tantrum began rearing its ugly head as we approached the agreed upon location. Granted, Gray immediately perked up when she saw the camera turn its focus onto her. Go figure.


My mom spent the first two weeks of December with us, and we got to bake cookies and peanut brittle together … Okay, I’m lying. I spent the time trying to keep my daughter’s hands out of the flour and butter, while my mom wound up doing the bulk of the work. I think I got more exercise during the whole affair, but my mom put in the baking time. She has been generous enough to tell everyone we made the tasty treats together, but I thought I should set the record straight; I was on baby duty. The cookies were mostly her doing. (Thank you, Mommy!)


The neat part was that she got to be here for a plethora of Gray’s first holiday experiences, such as picking out the baby tree, decorating the house in its holiday attire, and the aforementioned family photo extravaganza. It was a very special time for us, and made it feel a lot more like Christmas. (I should also point out that the number of gifts Gray wound up getting virtually doubled in size, thanks to my mother and mother-in-law. Grandmas sure do love to spoil their grandbabies!)


One other adventure my mom got to be present for was Gray’s first picture with Santa. We waited until a weekday morning, to avoid crowds, and headed over to experience all that is jolly old St. Nick at the mall. I’ll be honest — my cynical side anticipated a fraud. I envisioned a scary, spiked eggnog-breathing, smoker’s cough-hacking, faux-bearded, senile, skinny guy in a fat suit, smiling at all of the children in a way that makes every mother’s stomach turn.


Jenna von Oy's Blog: The Magic of Christmas
First Picture with Santa – Worldwide Photography


I couldn’t have been farther off. This guy was the real deal. And when he said to Gray, “I’d take you to the North Pole if I could,” I actually believed he meant it in the sweetest way possible. Santa was the kindest man I could have asked for. And you know what? Gray knew it too. My little girl, who has been battling some serious bouts of separation anxiety, reached out for Santa like she’d known him all her life. The photographers said she was the first kid all day to smile for a photo … which made my day almost as much as it made theirs!


On Christmas morning, Bruiser demonstrated how presents should be opened (in his world: frenzied and with no regard for content…). Gray sort of got the hang of it, though next year will be more of a sight to see, I imagine. We took it easy with gifts this year … quality not quantity. Instead, our gifts were mostly in the form of time together, since my husband got a week off from work.


It was such a joy to cuddle up together on the sofa, even if it is nowhere near large enough to comfortably fit all of our human and canine family members. We watched time-treasured classics such as Rudolph The Red-Nosed Reindeer and the original version of How the Grinch Stole Christmas. In a very merry post-gift unwrapping fatigue, Gray fell asleep on her Daddy’s chest and took a little nap. Brad said it was the best Christmas present he could have received. Sometimes the most cherished gifts don’t come in a package tied with ribbon.


Moving on to a slightly less magical subject, many friends said they sneezed and vomited their way through the remainder of 2012. Thankfully, we made it through without getting sick. We were desperately trying to spread Christmas cheer instead of germs this year, which is often hard with young kids. I can’t remember the last time I didn’t lose my voice during the holidays, so I was thrilled to get through unscathed.


Then again, you ain’t heard nothin’ until you’ve heard my Darth Vader-esque rendition of “Joy To The World,” which I usually grace everyone with at the mass on Christmas Eve. It brings anything but joy to the world, I can promise you that. Instead, I was able to sing loud and proud this year. Gray even tried to join in! The irony? As I publish this blog, I’m plagued with a cold … at least it allowed me to ring in the New Year first.


Much to our dismay, no snow fell in advance of our holiday here in Nashville. We did not wake up to a white Christmas morning. However, we had just enough of a flurry in the days following, to don boots and gloves and let Gray experience her first snowfall. It was really only a minor dusting, but she was mesmerized and commenced “tap dancing” in the snow.


For those who are currently picturing some fantastic routine involving staccato wings and ball changes, being executed by world-class artists such as Savion Glover and Gregory Hines, you may want to rethink your visual. Our version consisted of my holding Gray’s body upright, while she shuffled her feet around. Snow and dirt were flying everywhere, but my kid was as happy as … well, a kid in snow.


Jenna von Oy's Blog: The Magic of Christmas
Gray’s first snow! – Courtesy Jenna von Oy


If you kept reading until the end of this post, I’m impressed. Santa’s list isn’t as lengthy as this month’s blog, so I hope you’ll forgive the verbosity. I guess I was swept up in the holiday magic and excitement. Perhaps my New Year’s resolution should include minimalizing my words? :)


I hope you and yours had a fantastic holiday, filled with love, laughter and endless blessings. We wish you many more in 2013, and pray you are surrounded by the Christmas spirit all year long!


Until next time,


– Jenna von Oy


More from Jenna’s PEOPLE.com blog series:


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More than 140 nations adopt treaty to cut mercury


GENEVA (AP) — A new and legally binding international treaty to reduce harmful emissions of mercury was adopted Saturday by more than 140 nations, capping four years of difficult negotiations but stopping short of some of the tougher measures that proponents had envisioned.


The new accord aims to cut mercury pollution from mining, utility plants and a host of products and industrial processes, by setting enforceable limits and encouraging shifts to alternatives in which mercury is not used, released or emitted.


Mercury, known to be a poison for centuries, is natural element that cannot be created or destroyed. It is released into the air, water and land from small-scale artisanal gold mining, coal-powered plants, and from discarded electronic or consumer products such as electrical switches, thermostats and dental amalgam fillings. Mercury compound goes into batteries, paints and skin-lightening creams.


Because it concentrates and accumulates in fish and goes up the food chain, mercury poses the greatest risk of nerve damage to pregnant women, women of child-bearing age and young children. The World Health Organization has said there are no safe limits for the consumption of mercury and its compounds, which can also cause brain and kidney damage, memory loss and language impairment.


A decade ago, Switzerland and Norway began pushing for an international treaty to limit mercury emissions, a process that culminated in the adoption of an accord Saturday after an all-night session that capped a weeklong conference in Geneva and previous such sessions over the past four years.


"It will help us to protect human health and the environment all over the world," Swiss environment ambassador Franz Perrez told a news conference.


But the treaty only requires that nations with artisanal and small-scale gold mining operations, one of the biggest sources of mercury releases, draw up national plans within three years of the treaty entering force to reduce and — if possible — eliminate the use of mercury in such operations. Governments also approved exceptions for some uses such as large measuring devices for which there are no mercury-free alternatives; vaccines where mercury is used as a preservative; and products used in religious or traditional activities.


Switzerland, Norway and Japan each contributed $1 million to get the treaty started, but U.N. officials say tens of millions more will be needed each year to help developing countries comply. The money would be distributed through the Global Environment Facility, an international funding mechanism.


The U.N. Environment Program said the treaty will be signed later this year in the southern Japanese city of Minamata, for which it is to be named. After that, 50 nations must ratify it before it comes into force, which officials predicted would happen in three to four years.


So-called Minimata disease, a severe neurological disorder caused by mercury poisoning, was discovered in the late 1950s because of methylmercury escaping from the city's industrial wastewater. The illness, which sickened people who ate contaminated fish, killed hundreds and left many more badly crippled. Some 12,000 people have demanded compensation from Japan's government.


"To agree on global targets is not easy to do," Achim Steiner, the executive director of the U.N. Environment Program, told reporters. "There was no delegation here that wished to leave Geneva without drafting a treaty."


Over the past 100 years, mercury found in the top 100 meters (yards) of the world's oceans has doubled, and concentrations in waters deeper than that have gone up by 25 percent, the U.N. environment agency says, while rivers and lakes contain an estimated 260 metric tons of mercury that was previously held in soils.


The treaty was originally blocked by powers such as the United States, but President Barack Obama's reversal of the U.S. position in early 2009 helped propel momentum for its adoption. China and India also played key roles in ensuring its passage; Asia accounts for just under half of all global releases of mercury.


"We have closed a chapter on a journey that has taken four years of often intense, but ultimately successful, negotiations and opened a new chapter toward a sustainable future," said Fernando Lugris, the Uruguayan diplomat who chaired the negotiations.


Some supporters of a new mercury treaty said they were not satisfied with the agreement.


Joe DiGangi, a science adviser with advocacy group IPEN, said that while the treaty is "a first step," it is not tough enough to achieve its aim of reducing overall emissions. For example, he said, there is no requirement that each country create a national plan for how it will reduce mercury emissions.


His group and some of the residents of Minamata have opposed naming the treaty for their city because they feel it does not do enough to fix the problem.


"This treaty should be called the 'Mercury Convention,' not the 'Minamata Convention," said Takeshi Yasuma, a Japanese activist. "Water pollution resulting in contaminated sediment and fish caused the Minamata tragedy, but the treaty contains no obligations to reduce mercury releases to water and no obligations to clean up contaminated sites."


Treaty proponents called it a good first step, however, and Steiner said the document would evolve over time and hopefully become a stronger instrument.


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