French unions rage at Hollande over Mittal deal

PARIS (Reuters) – French trade unions accused President Francois Hollande of betrayal on Saturday after his government backed away from a threat to nationalize ArcelorMittal‘s Florange steelworks.

The Socialist government said on Friday it had won promises from ArcelorMittal to avoid forced redundancies and inject 180 million euros to develop the Florange plant, meaning it would no longer have to take over the site.

Hollande came to office promising to create jobs and keep open the two furnaces at the site in northern France which ArcelorMittal says are not viable in a European steel sector suffering over-capacity.

ArcelorMittal confirmed the details of the deal on Saturday, saying it would negotiate a voluntary redundancy deal with unions.

Workers are angry the furnaces will remain idled rather than reopened and expressed doubt over ArcelorMittal’s promise to offer alternative posts or early retirement packages for the 630 workers affected.

“We’re on a war footing,” Edouard Martin, head of union CFDT’s Florange chapter, told the commercial i

“We’ve seen Mr. (Lakshmi) Mittal’s pledges in the past and what has become of them – nothing – so we’re not going to let anything pass without a fight.”

Martin said the union had been a “nightmare” for former president Nicolas Sarkozy in the past over his jobs record, which analysts say was a factor in his election defeat in May, and could soon become one for Hollande.

ArcelorMittal rejects accusations it has broken promises in a country where it employs 20,000 over several sites.

The group incurred union wrath in 2009 when it shuttered the nearby Gandrange steelworks and laid off about 500 workers. Sarkozy had pledged to keep that site open.

‘EXPECTING THE WORST’

France’s prime minister defended the Florange deal.

“The prime minister will keep a close watch to ensure that promises made yesterday by the group are kept,” Jean-Marc Ayrault said in a statement.

“They are unconditional, and the government will use all legal means at its disposal in the event they are not respected.”

Unions say revamping Florange will require about 400 million euros in funding from the European Union on top of ArcelorMittal’s pledge – cash which has yet to be committed.

Threats this week by Industry Minister Arnaud Montebourg of a state takeover of Florange were denounced as “scandalous” by France’s main employers group Medef, which fears it will jeopardize foreign investment in France.

Hollande has tried to cultivate a worker-friendly image but his popularity has suffered as an economic slowdown pushes unemployment above 10 percent. A survey by pollster IFOP showed 41 percent of the French back him, one of the lowest scores for a president only six months into his term.

“We complained about Nicolas Sarkozy, but Francois Hollande is not doing any better,” CGT unionist Frederic Maris told BFM television. “For the future, we’re expecting the worst.”

French officials argue that Mittal promised to keep blast furnaces running beyond 2010 when his company merged with Arcelor in 2006.

ArcelorMittal denies breaching commitments. Sources close to the group say Arcelor planned in 2003 – before its 2006 takeover by Mittal – to wind down inland blast furnaces in Europe, including the two in Florange, by 2010.

(Additional reporting by Robert-Jan Bartunek in Brussels; Editing by Mark John and Janet Lawrence)

Business News Headlines – Yahoo! News

Read More..

Cargo plane crashes in Brazzaville, 3 dead

BRAZZAVILLE, Republic of Congo (AP) — A cargo plane owned by a private company crashed Friday near the airport in Brazzaville, the capital of the Republic of Congo, killing at least three people, officials said.

The Soviet-made Ilyushin-76 belonged to Trans Air Congo and appeared to be transporting merchandise, not people, said an aviation official who requested anonymity because he was not authorized to speak to the media.

The plane was coming from Congo‘s second-largest city, Pointe Noire, and tried to land during heavy rain, he said.

Ambulances rushed to the scene in the Makazou neighborhood, located near the airport, but emergency workers were hampered by the lack of light in this capital, which like so many in Africa has a chronic shortage of electricity.

“At the moment, my team is having a hard time searching for survivors in order to find the victims of the crash because there is no light and also because of the rain,” Congolese Red Cross head Albert Mberi said.

He said that realistically, they will only be able to launch a proper search Saturday, when the sun comes up.

Reporters at the scene fought through a wall of smoke. Despite the darkness, they could make out the smoldering remains of the plane, including what looked like the left wing of the aircraft. A little bit further on, emergency workers identified the body of the plane’s Ukrainian pilot, and covered the corpse in a blanket.

Firefighters were trying to extinguish the blaze of a part of the plane that had fallen into a ravine. They were using their truck lights to try to illuminate the scene of the crash. Although the plane was carrying merchandise, emergency workers fear that there could be more people on board.

Because of the state of the road connecting Pointe Noire to Brazzaville, many traders prefer to fly the roughly 400 kilometers (250 miles).

Africa has some of the worst air safety records in the world. In June, a commercial jetliner crashed in Lagos, Nigeria, killing 153 people, just a few days after a cargo plane clipped a bus in neighboring Ghana, killing 10.

Africa News Headlines – Yahoo! News

Read More..

The Kids Are All Right: How Social Media Created a Generation of Activists

This week marked the nation’s inaugural  “Giving Tuesday,” a UN sponsored initiative, which utilized social media to encourage businesses, schools, and community members to give back. The effort resulted in $ 10 million worth of donations made in a single day, a 53 percent increase over the same day last year.

Conceived as a means to promote activism and charity, the campaign’s use of social media to spread its message is most likely a large part of the initiative’s success. 

Certainly people from every age group use Twitter and Facebook, but social media activism is especially resonant with young adults. According to TBWA, people between the ages of 18-29 strongly identify as activists and count social media as their first point of engagement when they learn about a new cause.

MORE: ‘Tis Always the Season to Give: Creating a Corporate Culture That Gives Back

In fact, about half believe that activism is important to their personal identity and about a third look to it as a means of socializing and relating to one another.

But more than identifying with activism, this younger generation’s aptitude for social media can effect real change. Look at the Susan G. Komen Foundation. Earlier this year, when the organization announced it would pull its funding for breast cancer screenings from Planned Parenthood, cutting off medical access for millions of women, Twitter and Facebook lit up with vitriolic statements, claiming the organization had become a puppet of the religious right. The ensuing bad press proved to be too much and within days, the organization reversed its decision and issued a public apology.

Similarly, when Florida law enforcement officials refused to arrest George Zimmerman after he fatally shot Trayvon Martin, the case lay dormant for almost a month. But an online petition started by Martin’s parents went viral and galvanized a nation demanding justice for the boy’s death. Zimmerman was arrested and charged as a result.

For all we hear about “kids these days” and their irresponsible use of social media−posting questionable pictures of themselves doing kegstands or letting Twitter corrode their ability to hold a thought for more than a nanosecond−it turns out that most are using it to express a genuine passion for changing the world around them. And they’re succeeding.

And these trends extend well beyond the U.S. That same age group in other countries shows similar interests in contributing to larger causes. China’s young adults for instance, lead the world in online political discussions and offline they donate the most money to charities. India’s younger generation ranks the first in the world when it comes to staying informed, and they’re the most optimistic about the impact their activism has on the world around them.

It seems that our youngest generation of adults are the ones leading the charge when it comes to effectively making a difference.

Do you consider yourself an activist? Let us know in the Comments what social causes inspire you to get involved.

Related Stories on TakePart:

• Secret Santas: Profiles in Anonymous Holiday Generosity

• Rwanda Genocide Survivor Wins Grant for Giving Back

• 40 U.S. Billionaires Pledge Half of Fortunes to Charity

---

A Bay Area native, Andri Antoniades previously worked as a fashion industry journalist and medical writer.  In addition to reporting the weekend news on TakePart, she volunteers as a webeditor for locally-based nonprofits and works as a freelance feature writer for TimeOutLA.com. Email Andri | @andritweets | TakePart.com

Social Media News Headlines – Yahoo! News

Read More..

“Honey Boo Boo” star arrested for going ape on Georgia Freeway

LOS ANGELES (TheWrap.com) – If you tend to believe that the cast members of TLC reality series “Here Comes Honey Boo Boo” are less than totally evolved, rejoice; this story might just confirm your suspicions.

“Crazy” Tony Lindsey – the cousin of “Honey Boo Boo”‘s titular star Alana Thompson” – was arrested in Georgia earlier this week following a goofy, but dangerous, stunt involving a gorilla suit, TMZ reports.

A police report says that Lindsey was among a group of men arrested for reckless behavior after one of them, dressed in a gorilla suit, prepared to jump into a lane along Highway 20 at approximately 11 p.m. Unfortunately for the band of wrongheaded pranksters, Deputy Joe Rozier happened to be driving by as he was about to take the leap from the side of the road.

“I observed a white male dressed in a gorilla suit acting as if he was going to jump into my lane of travel. I swerved into the left lane to avoid an accident with the person,” Rozier said in a police report.

Rozier took pursuit, and “observed several white males run up the embankment and into the woods,” the report notes. After threatening to release his police dog, he heard a voice yell back, “You don’t have to do that, we’re coming back.”

A group of five adults and two minors emerged – but with no gorilla suit. After a while, however, they admitted to hiding the suit in the woods.

It’s not known if Lindsey was the one in gorilla suit, or if the stunt will be incorporated into an upcoming episode of “Here Comes Honey Boo Boo.”

A spokesperson for the show has not yet responded to TheWrap’s request for comment.

TV News Headlines – Yahoo! News

Read More..

How Aggressive Hyena Moms Give Their Kids a Boost

Early one morning I caught sight of Morpheus, silhouetted against a pink African dawn. Her long, sloping neck was stretched out as she loped away from me, disappearing over a hill. I followed her to a nearby plain and was met with the unmistakable sound of a group of hyenas squabbling over a carcass. Morpheus entered the fray, first lunging at a smaller male on her right. A moment later, she looked up briefly, her nose and mouth covered in blood, then turned and snapped at a hyena feeding nearby.I’m intimately acquainted with Morpheus and these other hyenas because they have been studied for more than twenty years by various members of the lab where I did my Ph.D. research; I’ve staked these hyenas out at dens for hours on end and followed them as they raced across open plains. From watching these animals, we’ve learned about hyenas’ social system, their physiology, and the conservation challenges they face.But to me, it’s the aggression that is the most fascinating thing about hyenas. It’s rule-based and constrained by specific social norms, but at the same time, it’s incredibly primal and ruthless. Studying aggression has helped us understand what makes hyenas tick, offering us a glimpse into the evolutionary pressures that have made them one of the most unusual and misunderstood species in the animal kingdom.Formidable femalesFor more than 1000 years, people believed that hyenas were hermaphrodites, since female hyenas have long, fully-erectile pseudopenises that mimic male genitalia. Seeing a hyena play the role of mom while sporting what looks like a penis would bewilder even an astute naturalist. Not only do female hyenas look like males, they are also the more aggressive and socially dominant sex, exhibiting aggression more than three times more often than male hyenas do.For many animals, too much aggression is detrimental, at least in terms of reproductive success; in baboons, aggressive females have reduced fertility and increased rates of miscarriage , and in western bluebirds, overly-aggressive males tend to fledge fewer offspring than other males. But in these species, males are generally more aggressive than females; how is aggressiveness related to fitness in a species where females are the more aggressive sex?Life in the clanHyenas live in huge social groups called clans that are structured by a “linear dominance hierarchy.” That’s the scientific way of saying that in these societies, a high-ranking individual is dominant to every lower-ranking animal in the clan: Morpheus is dominant to Scrabble, who is dominant to Hendrix, and so on. For hyenas, social rank isn’t just a title or a badge of honor. Rank determines access to food, so a high-ranking hyena like Morpheus can drive a lower-ranking hyena off a kill at any time, no matter who hunted or scavenged the meat.Social rank also plays an important role in aggressive behavior among hyenas, since dominance determines who can exhibit aggression toward whom. Aggression is nearly always directed down the hierarchy, toward lower-ranking hyenas (and if a hyena disregards this rule, it’s not taken lightly by other clan members). This means that the highest-ranking hyenas have a lot of opportunities for aggression – they can attack nearly any other hyena in the clan – whereas lower-ranking hyenas have far fewer possible targets. Aggression can occur over food, in defense of cubs, or to reprimand a pesky suitor.But unlike many species, aggression doesn’t dictate social rank among hyenas; instead, social rank is inherited. Hyenas are stuck with their lot in life, unable to move up the hierarchy. So does all this aggression actually benefit hyenas, and if so, how?The implications of aggressionAggressiveness, it turns out, varies drastically among hyenas; some hyenas tend to threaten – or outright attack – group members more frequently than others do. There is more than a five-fold difference in the aggression rates of the least aggressive and the most aggressive females, even after controlling for social rank and the number of opportunities for aggression.This type of consistent variation in behavior, called “animal personality,” is being found in several traits, such as sociability, boldness, and docility, across many species. And aggressiveness, like other personality traits, can have major implications for fitness. However, for hyenas, aggression doesn’t affect fitness by improving a hyena’s own survival; aggressive females don’t live longer or survive at higher rates than others that attack less often.Instead, the benefits of aggressiveness are seen later down the line, in the survival of offspring. Female hyenas that are particularly aggressive over food successfully rear a larger proportion of their cubs to adulthood than do females that aggress less often over food. But interestingly, the benefits of aggressiveness depend on social rank. For high-ranking hyenas, aggressiveness doesn’t matter much in terms of reproductive success; the offspring of dominant females do well no matter how aggressive their mom is. However, for hyenas low on the totem pole, aggression plays an important role in reproductive success, greatly improving their offspring’s odds of surviving until adulthood. But how?Competition and reputationsIt all comes down to acquiring resources for your offspring. High-ranking hyenas already have prime access to food, so being super-aggressive at a kill or carcass isn’t a huge advantage. However, for hyenas low on the totem pole, being able to secure a little extra food for a cub could mean the difference between its survival and starvation.When cubs begin eating meat at around 4 months of age, they start visiting kills with their moms. But as these cubs attempt to eat, they are often harassed by older hyenas and chased off the carcass. Additionally, these young hyenas have another disadvantage when it comes to feeding: their skulls haven’t finished developing yet. Although being able to crush bone is a big benefit for hyenas evolutionarily, it’s a huge morphological handicap for cubs. It takes up to 35 months for a hyena’s skull to develop the integrity and strength to crack bone, so until about three years of age, young hyenas feed more slowly and less efficiently than adults. Combine this physical disadvantage with the incredible feeding competition seen at kills, and cubs – especially low-ranking ones – often don’t get much to eat during these communal feeding situations.Here’s where a mom’s aggressiveness comes in: we found that the cubs of aggressive females are tolerated better, and are able to feed longer, at these kills than the cubs of less aggressive females are. By being super-aggressive, moms secure extra feeding time and valuable calories for their cubs during this particularly handicapped period in their lives. Although we don’t completely understand the process yet, aggressive females appear to develop a type of “mean girl” reputation within the clan that gives their offspring a boost early in life. This effect is incredibly strong and persists even when the mom isn’t present at the kill, allowing cubs to benefit from their mom’s aggressiveness even in her absence. This increased access to resources benefits low-ranking hyenas disproportionately, since they generally have very limited access to food.A combination of behavioral, morphological, and ecological research has helped us begin to understand why these highly aggressive and masculinized females have been favored evolutionarily. But even after 20 years of intensive research, there’s so much more to learn; we still aren’t sure what the functions and implications of male aggression are, and it’s possible that there are consequences of aggression in females that we haven’t yet discovered.Morpheus and her clanmates are still being observed, and you can follow the trials, tribulations, and musings of the researchers studying these hyenas out in the field at the Mara Hyena Project blog.

Follow Scientific American on Twitter @SciAm and @SciamBlogs.Visit ScientificAmerican.com for the latest in science, health and technology news.
© 2012 ScientificAmerican.com. All rights reserved.
Parenting/Kids News Headlines – Yahoo! News

Read More..

Brazil’s metro areas drive economy, report shows

RIO DE JANEIRO (AP) — A report by the Brookings Institution shows Brazil‘s 13 largest metropolitan areas are the country’s economic engines, concentrating more than half of national GDP and driving their states forward.

The study by the think-tank’s Metropolitan Policy Program was issued Friday during an international conference in Sao Paulo. The Institution analyzed for the first time economic and demographic data about Brazil’s 13 most significant cities. A quick glance shows that with 33 percent of the population, they account for 56 percent of national GDP. They also concentrate half of the country’s college graduates, and are responsible for at least 45 percent of their states’ GDP.

These metro areas also have prominence globally: they’re responsible for one-third of Brazil’s exports.

Economy News Headlines – Yahoo! News

Read More..

African Union asks UN for immediate action on Mali

DAKAR, Senegal (AP) — In an open letter Thursday to U.N. Secretary-General Ban Ki-moon, the president of the African Union urged the U.N. to take immediate military action in northern Mali, which was seized by al-Qaida-linked rebels earlier this year.

Yayi Boni, the president of Benin who is also head of the African Union, said any reticence on the part of the U.N. will be interpreted as a sign of weakness by the terrorists now operating in Mali. The AU is waiting for the U.N. to sign off on a military plan to take back the occupied territory, and the Security Council is expected to discuss it in coming days.

In a report to the Security Council late Wednesday, Ban said the AU plan “needs to be developed further” because fundamental questions on how the force will be led, trained and equipped. Ban acknowledged that with each day, al-Qaida-linked fighters were becoming further entrenched in northern Mali, but he cautioned that a botched military operation could result in human rights abuses.

The sprawling African nation of Mali, once an example of a stable democracy, fell apart in March following a coup by junior officers. In the uncertainty that ensued, rebels including at least three groups with ties to al-Qaida, grabbed control of the nation’s distant north. The Islamists now control an area the size of France or Texas, an enormous triangle of land that includes borders with Mauritania, Algeria and Niger.

Two weeks ago, the African Union asked the U.N. to endorse a military intervention to free northern Mali, calling for 3,300 African soldiers to be deployed for one year. A U.S.-based counterterrorism official who saw the military plan said it was “amateurish” and had “huge, gaping holes.” The official insisted on anonymity because he was not authorized to speak on the matter.

Boni, in his letter, said Africa was counting on the U.N. to take decisive action.

“I need to tell you with how much impatience the African continent is awaiting a strong message from the international community regarding the resolution of the crisis in Mali. … What we need to avoid is the impression that we are lacking in resolve in the face of these determined terrorists,” he said.

The most feared group in northern Mali is al-Qaida in the Islamic Maghreb, or AQIM, al-Qaida’s North African branch, which is holding at least seven French hostages, including a 61-year-old man kidnapped last week.

On Thursday, SITE Intelligence published a transcript of a recently released interview with AQIM leader, Abu Musab Abdul Wadud, in which he urges Malians to reject any foreign intervention in their country. He warned French President Francois Hollande that he was “digging the graves” of the French hostages by pushing for an intervention.

Also on Thursday, Islamists meted out the latest Shariah punishment in northern city of Timbuktu. Six young men and women were each given 100 lashes for having talked to each other on city streets, witnesses said.

___

Associated Press writer Virgile Ahissou in Cotonou, Benin and Baba Ahmed in Bamako, Mali contributed to this report.

Africa News Headlines – Yahoo! News

Read More..

Study: DVRs now in half of US pay-TV homes

NEW YORK (AP) — A new survey finds that digital video recorders are now in more than half of all U.S. homes that subscribe to cable or satellite TV services.

Leichtman Research Group‘s survey of 1,300 households found that 52 percent of the ones that have pay-TV service also have a DVR. That translates to about 45 percent of all households and is up from 13.5 percent of all households surveyed five years ago by another firm, Nielsen.

The first DVRs came out in 1999, from TiVo Inc. and ReplayTV. Later, they were built into cable set-top boxes. The latest trend is “whole-home” DVRs that can distribute recorded shows to several sets.

Even with the spread of DVRs, live TV rules. Nielsen found last year that DVRs accounted for 8 percent of TV watching.

Gadgets News Headlines – Yahoo! News

Read More..

Emmy Awards date announced by CBS

Read More..

Health officials: Athens has spiraling HIV crisis

ATHENS, Greece (AP) — Athens is seeing an alarming increase in new HIV infections, particularly among intravenous drug users, health officials warned Friday, as Greece struggles through a protracted financial crisis in which funding for health care and drug treatment programs has been slashed.

While there were about 10-14 new HIV infections per year among Athens drug users from 2008 to 2010, that number shot up to 206 new cases last year and 487 new cases by October this year — a 15-fold and 35-fold increase respectively, officials said.

“There is no doubt we have a big and rapidly developing epidemic in Athens,” said Angelos Hatzakis, an epidemiology and preventive medicine professor at Athens University.

A total of 1,049 new cases of HIV infection were recorded in Greece in the first 10 months of this year, including the 487 drug users. Of the others, 256 were homosexual men, while 108 caught the virus through heterosexual intercourse, the figures showed.

“One of the reasons is the financial crisis,” said Marc Sprenger, director of the European Center for Disease Prevention and Control. “There are more people who are vulnerable, marginalized” and who use drugs.

They turn to cheaper drugs and turn to injecting instead of smoking in order to get the same high from a smaller quantity, officials said.

“We are very concerned,” Sprenger said. “What we see now is this increase, and if you don’t really pay attention to this, it will become in the future a really huge burden.”

Greece has been hammered by a financial crisis since late 2009 that has left the country facing a sixth year of a deep recession and with a quarter of the workforce unemployed. The country relies on international rescue loans from other European countries that also use the euro and the International Monetary Fund to stay solvent.

But in return, the Greek government has imposed several rounds of spending cuts and tax hikes. Charities dealing with drug users and HIV sufferers have also struggled to find funds during the crisis.

Sexual Health News Headlines – Yahoo! News

Read More..

Energy Bill for ‘cleaner economy’

29 November 2012 Last updated at 10:14 ET

Energy Secretary Ed Davey says the Bill will transform the energy landscape

Energy minister Ed Davey has unveiled the government’s much-trailed Energy Bill, setting out the roadmap for the UK’s switch to “a low-carbon economy”.

Energy firms can increase the “green” levy from £3bn to £7.6bn a year by 2020, potentially increasing household bills by £100.

But big, energy-intensive companies could be exempt from the extra costs of the switch to renewable energy.

There are also proposals for financial incentives to reduce energy demand.

The “transformation” will cost the UK £110bn over ten years, Mr Davey said.

He told MPs: “Britain’s energy sector is embarking on a period of exceptional renewal and expansion.

“The scale of the investment required is huge, representing close to half the UK’s total infrastructure investment pipeline.”

The government’s plan formed the “biggest transformation of Britain’s electricity market since privatisation,” he said.

Measures proposed in the Bill and consultations include:

• Household energy bills to rise £100 on average by 2020


• “Green” levy charged by energy firms to rise from £3bn to £7.6bn


• Switch to clean energy to cost £110bn over ten years


• Bill aims to encourage investment in low-carbon power production


• Energy-intensive companies may be exempt from additional charges


• Possible financial incentives to reduce energy consumption

Mr Davey said government policy was “designed specifically to reduce consumer bills”, arguing that without a move to renewable energy, bills would be higher because of a reliance on expensive and volatile gas prices.

Continue reading the main story

The government has unveiled plans to exempt some of Britain’s biggest industries from charges for clean electricity.

The Energy Bill confirms that households will be expected to pay about £100 a year on average to get more power from nuclear and renewables.

But it looks as though energy intensive firms won’t have to pay the extra charges. It’s feared that if their energy bills rise too high, they’ll move manufacturing jobs abroad.

The move may prove controversial with consumer groups.

The Bill confirms that households would provide £7.6bn of subsidy to nuclear and renewables by 2020 to keep the lights on and to meet targets on reducing emissions of greenhouse gases.

The government says the investment will shield the UK from volatile gas prices and force down costs in the long run.

But ministers have also announced that some of biggest industrial polluters in the UK – like steel and cement – may not be asked to pay extra. These global firms threaten to take their jobs elsewhere if power bills rise.

The government has recognised that if you are trying to cut global emissions of carbon, it’s futile driving away firms to pollute somewhere else. But many households may wonder why they’re being forced to pay extra whilst big firms are not.

Follow Roger on Twitter @rogerharrabin

The Energy Bill aims to move the UK’s energy production from a dependence on fossil fuels to a more diverse mix of energy sources, such as wind, nuclear and biomass.

This is to fill the energy gap from closing a number of coal and nuclear power stations over the next two decades, and to meet the government’s carbon dioxide emissions targets.

By allowing energy companies to charge more, the government hopes they will have the confidence to invest the huge sums of money that are needed to build renewable energy infrastructure such as windfarms.

But the opposition said that investment in renewable energy had fallen under the coalition.

“The reason that’s happened is because of the uncertainty the government has created – that’s why firms have put investment on hold, or scrapped it altogether,” said shadow energy and climate change secretary Caroline Flint.

She added that the absence of a carbon cap for the energy sector for 2030 further undermined investment in renewables.

Exemptions

But in a consultation paper published alongside the Bill, Mr Davey said energy-intensive industries, such as steel and cement producers, would be exempt from additional costs arising from measures to encourage investment in new low-carbon production.

“Decarbonisation should not mean deindustrialisation”, Mr Davey said.

“The transition to the low carbon economy will depend on products made by energy intensive industries – a wind turbine for example needing steel, cement and high-tech textiles.

“This exemption will ensure the UK retains the industrial capacity to support a low carbon economy.”

Without the exemption, the government fears big companies would cut jobs and relocate abroad.

Reducing demand

The government proposals to reduce electricity demand include financial incentives for consumers and businesses alike.

Shadow energy secretary Caroline Flint says the bill will see consumers will facing higher prices

For example, firms could be paid for each kilowatt-hour they save as a result of taking energy-reduction measures, such as low-energy lighting.

Householders and businesses could be given discounts and incentives to replace old equipment with more energy-efficient versions.

The government believes a 10% reduction in electricity demand could save £4bn by 2030.

But research by management consultancy McKinsey suggests there is the potential to reduce demand by as much as 26%, equivalent to 92 terawatt-hours, or the electricity generated by nine power stations in one year.

Audrey Gallacher, director of energy at Consumer Focus, said: “The government’s commitment to reduce energy demand through incentives for consumers and businesses is welcome.

“But it will come at a cost – which again will be passed onto customers.”

BBC News – Business

Read More..

Video Games: Art-Tested, MoMA-Approved

Citing a palpable “aesthetic experience” in classic games while eschewing others, the Museum of Modern Art announced Thursday that it has assembled a new collection of video games. The museum’s initial collection includes 14 classics like Pac-Man and Tetris, but also more recent additions to the canon like Passage and Canabalt. The museum has a “wish list” of about 40 total games, which include Pong, The Legend of Zelda, and Minecraft. The games will be exhibited starting in March 2013, but the selections aren’t necessarily what you’d expect.

RELATED: Gaza, Nudists, and a Hero Dog

Video games are art. That’s a fact (which has some notable dissenters) that’s even been determined by the Supreme Court in a a case decided in 2011. And games have been embraced by art institutions before. In an exhibition this year, the Smithsonian American Art Museum explored The Art of Video Games. But in a blog post today, Paola Antonelli, senior curator in MoMA‘s department of design, explained that the museum’s intention is not as simple as evaluating the artistic value of certain video games. They want to look at games from a design perspective: “Our criteria, therefore, emphasize not only the visual quality and aesthetic experience of each game, but also the many other aspects—from the elegance of the code to the design of the player’s behavior—that pertain to interaction design.” 

RELATED: China May Have Made Ai Weiwei an Offer That He Refused

Because the museum is looking for specific design traits, Antonielli explained that MoMA has not acquired, and is not looking for, some games that might seem like “no-brainers to video game historian.”

RELATED: The National Portrait Gallery Found the ‘Patron Saint of Transvestites’

Here are some images of the games MoMA has acquired, via the museum: 

RELATED: Worried Video Games Are Making Your Kid Violent?

Tetris

RELATED: Filmmaker and San Francisco in a Graffiti Gridlock

flOw

Myst

Gaming News Headlines – Yahoo! News

Read More..

Russian court bans “extremist” Pussy Riot video

MOSCOW (Reuters) – A Russian court ruled on Thursday that video footage of the Pussy Riot punk group protesting against President Vladimir Putin in a church was “extremist” and should be removed from websites.

The demonstration last February offended many Russian Orthodox Christians. But Putin has been criticized by U.S. and European leaders over what they saw as disproportionate jail sentences imposed on three Pussy Riot members. Their trial was also seen by Putin’s critics as part of a clampdown on dissent.

The Moscow court said it had based its ruling on conclusions by a panel of experts who studied the video, showing band members in colorful mini-skirts and ski masks dancing in front of the altar of Moscow’s main Russian Orthodox cathedral.

Judge Marina Musimovich said the footage “has elements of extremism; in particular there are words and actions which humiliate various social groups based on their religion”. She said it also had calls for mutiny and “mass disorder”.

The verdict said that free distribution of the video could ignite racial and religious hatred.

The court’s ruling applies to other videos released by the band, including a performance in Moscow’s Red Square, where calls for mass disorder could be heard. Such calls were not made inside the church.

The websites are now likely to be included in a state register and could be blocked if the banned content is not removed.

The Russian communications regulator Roskomnadzor said that once the court decision takes effect it will monitor how it is implemented.

Three members of Pussy Riot convicted in August of hooliganism motivated by religious hatred for their “punk prayer”, which the Russian Orthodox Church has cast as part of a concerted attack on the church and the faithful.

The women said the protest, in which they burst into Christ the Saviour Cathedral and called on the Virgin Mary to rid Russia of Putin, was not motivated by hatred and was meant to mock the church leadership’s support for the longtime leader.

Band members Nadezhda Tolokonnikova and Maria Alyokhina are serving two-year jail sentences over the protest last February. A third member, Yekaterina Samutsevich, walked free last month when her sentence was suspended on appeal.

“To me this is a clear attribute of censorship – censorship of art and censorship of culture, of the protest culture which is very important for any country, let alone for Russia,” Samutsevich told reporters outside court.

“Now of course the fact that they will be blocking all Pussy Riot videos as I understand, all photos – this is horrible. Naturally, I will lodge an appeal and I will try to do it today,” she added.

Putin, a former KGB officer who has cultivated close ties with the Orthodox church over 13 years in power, has rebuffed Western criticism about the prison terms meted out.

(Additional reporting Valery Stepchenkov; Editing by Mark Heinrich)

Music News Headlines – Yahoo! News

Read More..

No “substantive” progress made on fiscal cliff: Boehner

WASHINGTON (Reuters) – House Speaker John Boehner said on Thursday that no substantive progress has been made to avoid the “fiscal cliff” of spending cuts and tax hikes that will start to go into effect early next year if Washington does not act.

“Listen, I remain hopeful that productive conversations can be had in the days ahead. But the White House has to get serious,” House of Representatives Speaker Boehner told reporters after a meeting with Treasury Secretary Timothy Geithner and the White House‘s main liaison to Congress.

Boehner characterized the discussion with Geithner as frank but said the treasury secretary did not provide a substantive plan for dealing with the fiscal cliff.

(Reporting By Dave Lawder and Rachelle Younglai; Editing by Vicki Allen)

Health News Headlines – Yahoo! News

Read More..

Little Company Makes a Big Play for Net Domains

This summary is not available. Please click here to view the post.

Read More..

US rabbi says jailed American in good health

HAVANA (AP) — A prominent New York rabbi and physician visited an American subcontractor serving a long jail term in Cuba and said the man is in good health, despite his family’s concerns about a growth on his right shoulder.

Rabbi Elie Abadie, who is also a gastroenterologist, told The Associated Press in an exclusive interview following Tuesday’s 2 1/2-hour visit at a military hospital in Havana that he personally examined Alan Gross and received a lengthy briefing from a team of Cuban physicians who have attended him.

He said the 1 1/2-inch growth on Gross’s shoulder appeared to be a non-cancerous hematoma that should clear up by itself.

“Alan Gross does not have any cancerous growth at this time, at least based on the studies I was shown and based on the examination, and I think he understands that also,” Abadie said.

Abadie said the hematoma, basically internal bleeding linked to the rupture of muscle fiber, was likely caused by exercise Gross does in jail. He said the growth ought to eventually disappear on its own.

Gross’s plight has put already chilly relations between Cuba and the United States in a deep freeze. The Maryland native was arrested in December 2009 while on a USAID-funded democracy building program and later sentenced to 15 years in jail for crimes against the state.

He claims he was only trying to help the island’s small Jewish community gain Internet access.

Gross’s health has been an ongoing issue during his incarceration. The 63-year-old, who was obese when arrested, has lost more than 100 pounds while in jail.

Abadie, a rabbi at New York’s Edmund J. Safra Synagogue, said Gross’s weight is appropriate for a man his age and height.

Photos that Abadie and a colleague provided to AP of Tuesday’s meeting with Gross showed him looking thin, but generally appearing to be in good spirits.

In one photo, Gross holds up a handwritten note that says “Hi Mom.”

“He definitely feels strong. He is in good spirits. He feels fit, to quote him, physically. But of course, like any other person who is incarcerated or in prison, he wants to be free. He wants to be able to go back home,” Abadie said.

Gross’s family has repeatedly appealed for his release on humanitarian grounds, noting his health problems and the fact that his adult daughter and elderly mother have both been battling cancer.

Jared Genser, counsel to Alan Gross, said late Tuesday that Rabbi Abadie is not Gross’s physician and he would like an oncologist of his choosing to evaluate him.

“While we are grateful Rabbi Abadie was able to see Alan, we have asked an oncologist to review the test results to determine if they are sufficient to rule out cancer. More importantly, if Alan is so healthy, we cannot understand why the Cuban government has repeatedly denied him an independent medical examination by a doctor of his choosing as is required by international law,” said Genser.

Gross and his wife recently filed a $ 60 million lawsuit against his former Maryland employer and the U.S. government, saying they didn’t adequately train him or disclose risks he was undertaking by doing development work on the Communist-run island.

They filed another lawsuit against an insurance company they say has reneged on commitments to pay compensation in case of his wrongful detention.

Separately, a lawyer for Gross has written the United Nations’ anti-torture expert, saying Cuban officials’ treatment of his client “will surely amount to torture” if he continues to be denied medical care.

Rumors have been swirling in U.S. media that Cuba might soon release Gross as a gesture of good will or in the hopes of winning concessions from the administration of President Barack Obama, but Abadie said that those reports appeared to be false.

“As far as I know there is no truth to it,” he said.

Abadie said he met with senior Cuban officials who expressed their desire to resolve the case “as quickly as possible,” but would not say specifically who he spoke with or what they offered.

“They claim that they are more than willing to sit at the table,” he said.

Cuban officials have strongly implied they hope to trade Gross for five Cuban agents sentenced to long jail terms in the United States, one of whom is already free on bail.

Abadie said Gross made clear that he does not want his case linked to that of the agents, known in Cuba as “The Five Heroes,” because he does not believe he is guilty of espionage.

But Abadie said Gross is hoping for a “constructive and productive” dialogue between U.S. and Cuban officials to resolve his case.

___

Follow Paul Haven on Twitter: http://www.twitter.com/paulhaven.

Latin America News Headlines – Yahoo! News

Read More..

German lawmakers condemn Google campaign against copyright law

BERLIN (Reuters) – Senior German politicians have denounced as propaganda a campaign by Google to mobilize public opinion against proposed legislation to let publishers charge search engines for displaying newspaper articles.

Internet lobbyists say they are worried the German law will set a precedent for other countries such as France and Italy that have shown an interest in having Google pay publishers for the right to show their news snippets in its search results.

Lawmakers in Berlin will debate the bill in the Bundestag (lower house) on Thursday. Google says the law would make it harder for users to retrieve information via the Internet.

Google launched its campaign against the bill on Tuesday with advertisements in German newspapers and a web information site called “Defend your web”.

“Such a law would hit every Internet user in Germany,” Stefan Tweraser, country manager for Google Germany, said in a statement. “An ancillary copyright means less information for consumers and higher costs for companies.”

The campaign has caused outrage among some members of German Chancellor Angela Merkel’s center-right coalition.

“The campaign initiated by Google is cheap propaganda,” said conservative lawmakers Guenter Krings and Ansgar Heveling.

“Under the guise of a supposed project for the freedom of the Internet, an attempt is being made to coopt its users for its own lobbying,” the two said in a statement.

Supporters of the law argue that newspaper publishers should be able to benefit from advertising revenues earned by search engines using their content.

Under the plans, publishers would get a bigger say over how their articles are used on the Internet and could charge search engines for showing articles or extracts.

German Justice Minister Sabine Leutheusser-Schnarrenberger, a member of the Free Democrats (FDP) who share power in Merkel’s government, said she was astonished that Google was trying to monopolize opinion-making. She is responsible for the law.

“PANIC MONGERING”

Germany’s newspaper industry, suffering from economic slowdown and keen to get its hands on any revenues it can, backs the plans and railed against Google’s campaign.

“The panic mongering from Google has no justification,” Germany’s BDZV newspaper association said in a statement.

“The argument from search engine companies that Internet searching and retrieval will be made more difficult is not serious. Private use, reading, following links and quoting will be possible, just as before.”

Internet lobbyists in Brussels fear the European Commission is sympathetic to publisher demands for a piece of Google’s profits online. Recent statements, they say, are proof.

“Consumers are not the only ones facing difficulties,” Michel Barnier, the EU’s internal market commissioner, said in a speech on November 7. “Think of newspaper publishers who see the content they produce being used by others to attract consumers on the net and generate advertising revenues.”

French newspapers and magazines want Google to pay them for linking to their articles on Google. The French government has named a mediator to negotiate with the press and Google to try to get a deal by the end of the year.

If no deal emerges, President Francois Hollande’s government will ask parliament to draft a law modifying copyright laws to protect the press from appropriation of its content online, according to a letter signed by two ministers on November 28.

(Additional reporting by Harro ten Wolde in Frankfurt, Claire Davenbport in Brussels and Leila Abboud in Paris; Writing by Madeline Chambers, Editing by Gareth Jones and)

Tech News Headlines – Yahoo! News

Read More..

Thousands celebrate Hobbit premiere in New Zealand

WELLINGTON (Reuters) – Tens of thousands of people packed New Zealand’s capital city, clambering on roofs and hanging onto lamp posts on Wednesday to get a glimpse of the stars at the red carpet world premiere of the film “The Hobbit: an Unexpected Journey”.

Wellington, where director Peter Jackson and much of the post production is based, renamed itself “the Middle of Middle Earth“, and fans with prominent Hobbit ears, medieval style costumes, and wizard hats had camped out the night before to claim prized spaces along the 500 meter (550 yards) red carpet.

Jackson, a one time newspaper printer and the maker of the Oscar winning “Lord of the Rings” trilogy more than a decade ago, was cheered along the walk, stopping to talk to fans, sign autographs and pose for photos.

The Hobbit trilogy is set 60 years before the Rings movies, but Jackson said it has benefited from being made after the conclusion of the J.R.R. Tolkien fantasy saga.

“I’m glad that we established the style and the look of Middle Earth by adapting Lord of the Rings before we did the Hobbit,” Jackson told Reuters from the red carpet.

Jackson, a hometown hero in Wellington, said the production had been on a “difficult journey”, alluding to Warner Brothers’ financial problems, and a later labor dispute with unions.

“Fate meant for us to be here,” he told an ecstatic crowd, which hailed him as a film genius, but also a down to earth local boy.

“I came here to see the stars but also Peter (Jackson)…I loved the Lord of the Rings and that made me want to be here, without him none of it would be here,” said teenage student Samantha Cooper.

OLD FRIENDS

The cast was no less enthusiastic about the Hobbit, especially those who had starred in the Lord of the Rings trilogy.

British actor Andy Serkis, who plays the creature Gollum with a distinctive throaty whisper, said picking up the character after a near-ten year break was like putting on a familiar skin.

“I was reminded on a daily basis with Gollum (that) he’s truly never left me,” he said.

Most of the film’s stars attended the premiere, including British actor Martin Freeman, who plays the Hobbit Bilbo Baggins, Andy Serkis, Hugo Weaving, Cate Blanchett, and Elijah Wood. Ian McKellen, who plays the wizard Gandalf, was absent.

Freeman, known for his roles in the comedy The Office and Sherlock Holmes, said he looked for a different, lighter, slightly pompous Baggins from the older, wiser character played by Ian Holm in the Rings movies.

“Between us – Peter (Jackson) and me — we hashed out another version of Bilbo. There’ll be others, but our version is this one and I hope people like it,” he said.

The production was at the center of several controversies, including a dispute with unions in 2010 over labor contracts that nearly sent the filming overseas and resulted in the government stepping in to change employment laws.

The only sour note at the premiere came when animal rights activists held up posters saying “Middle Earth unexpected cruelty” and “3 horses died for this film”, after claims last week that more than 20 animals died during the making of the film.

Event organizers tried to block out the protesters’ posters with large Hobbit film billboards. Jackson has said some animals died on a farm where they were housed, but none had been hurt during filming.

The movies have been filmed in 3D and at 48 frames per second (fps), compared with the standard 24 fps, which Jackson has likened to the quality leap to compact discs from vinyl records.

The second film “The Hobbit: The Desolation of Smaug” will be released in December next year, with the third “The Hobbit: There and Back Again” due in mid-July 2014.

(Editing by Elaine Lies)

Movies News Headlines – Yahoo! News

Read More..

Médicos de atención primaria siguen sin recibir aumento de salario en EEUU

NUEVA YORK (Reuters Health) – A pesar del aumento del gasto

en la atención de la salud de Estados Unidos, un estudio sugiere

que los médicos de atención primaria seguirían sin recibir los

beneficios en sus sueldos.

Esto podría influir en lo que algunas predicciones señalan

como una reducción de los profesionales de atención primaria en

algunas regiones del país en los próximos años.

Los autores descubrieron que desde finales de la década de

1980, el salario promedio de los médicos había crecido más

lentamente que el de otros profesionales, como los

farmacéuticos, los dentistas y los enfermeros.

“Es posible que existan algunas especialidades a las que les

fue muy bien en los últimos 10 o 15 años”, dijo el investigador

especializado en políticas de salud Amitabh Chandra, de Harvard

University, Massachusetts, y coautor del estudio.

Pero, “en términos de experiencia, el médico promedio no

está a la altura del aumento de los costos que estamos viendo en

Estados Unidos”, agregó. Y eso tendría consecuencias en la

atención primaria de los próximos años.

El equipo de Chandra analizó información de una encuesta

nacional de ocupaciones e ingresos de Estados Unidos realizada

entre 1987 y el 2010. Cada ronda de encuestas incluyó a

trabajadores mayores de 35 años de 60.000 hogares del país.

En los 14 años de estudio, participaron 30.556 profesionales

de la salud, incluidos 6.258 médicos. El equipo observó que

entre los períodos 1987-1990 y 2006-2010, el ingreso medio anual

de los médicos había aumentado de 143.963 a 157.751 dólares o un

9,6 por ciento, tras considerar las diferencias salariales según

el género, la edad y la ubicación.

En cambio, el salario de los farmacéuticos aumentó un 44 por

ciento (de 70.341 a 101.279 dólares) y el del dentista promedio

lo hizo un 23 por ciento (de 105.511 a 129.795 dólares), según

detalla el equipo en Journal of the American Medical

Association.

Un análisis más detallado demostró que los salarios de los

médicos habían crecido entre los períodos 1987-1990 y 1996-2000,

pero luego se estancaron durante la siguiente década, cuando los

salarios de otras especialidades siguieron aumentando.

Chandra consideró que este lento crecimiento salarial es un

patrón propio de los médicos de atención primaria, mientras que

las ganancias en algunas “especialidades orientadas a los

procedimientos”, como la cardiología, habrían crecido

enormemente.

Opinó que los recortes de Medicare en sus reembolsos y las

negociaciones más duras con los seguros de salud serían

parcialmente responsables de este retraso del crecimiento

salarial en el campo de la atención primaria.

Además, hay cada vez más mujeres y miembros de las minorías

que optan por el ejercicio de la medicina y estudios previos

habían sugerido que esos grupos ganan menos dinero que los

médicos blancos y varones, según recordó Bob Konrad, de

University of North Carolina, Chapel Hill.

Konrad, que realizó estudios sobre los salarios de los

médicos, dijo que los nuevos resultados no abarcarían la

totalidad de la evolución económica de los médicos de atención

primaria.

FUENTE: Journal of the American Medical Association, online

27 de noviembre del 2012

Seniors/Aging News Headlines – Yahoo! News

Read More..

Global recovery ‘under threat’

27 November 2012 Last updated at 07:41 ET

Decisive policy action is needed to ensure the world is not “plunged back into recession”, according to the OECD.

The Organisation for Economic Co-operation and Development, which represents the world’s richest nations, also lowered its growth forecasts.

The group’s economies will grow by 1.4% next year, rather than the 2.2% forecast in May, it said.

The eurozone recession will also be deeper and more prolonged than previously thought, it added.

The group highlighted the so-called US fiscal cliff and the eurozone debt crisis as the biggest risks to the global economy.

The fiscal cliff refers to spending cuts and tax rises, designed to reduce the US government’s debt levels, that are due to kick in in the new year.

Downgrades

“The world economy is far from being out of the woods,” said the OECD’s secretary general Angel Gurria.

“The US fiscal cliff, if it materialises, could tip an already weak economy into recession, while failure to solve the euro area debt crisis could lead to a major financial shock and global downturn.”

The OECD cut its growth forecast across its 34 members for this year and next. It also revised down sharply its estimate for the eurozone economy, which it now believes will contract by 0.1% in 2013, rather than grow by 0.9% as forecast in May.

The forecast for growth in the UK next year was cut to 0.9%, down from 1.9% previously.

The revised forecasts were published just hours after eurozone finance ministers finally agreed to help debt-ridden Greece.

After hours of late-night negotiations, they agreed to cut the country’s debts by 40bn euros ($ 51bn; £32bn) and have paved the way for releasing the next tranche of much-needed bailout loans.

BBC News – Business

Read More..

Nintendo says more than 400,000 Wii Us sold in US

NEW YORK (AP) — Nintendo has sold more than 400,000 of its new video game console, the Wii U, in its first week on sale in the U.S., the company said Monday.

The Wii U launched on Nov. 18 in the U.S. at a starting price of $ 300. Nintendo said the sales figure, based on internal estimates, is through Saturday, or seven days later.

The Wii U is the first major game console to launch in six years. It comes with a new touch-screen controller that promises to change how people play games by offering different people in the same room a different experience, depending on the controller used.

Six years ago, Nintendo Co. sold 475,000 of the original Wii in that console’s first seven days in stores, according to data from the NPD Group. The original Wii remains available, and Nintendo said it sold more than 300,000 of them last week, along with roughly 250,000 handheld Nintendo 3DS units and about 275,000 of the Nintendo DS.

At this early stage, demand isn’t the only factor dictating how many consoles are sold. Supply is, too. This means it’s likely that more people wanted to buy the Wii U in the first week than those who were able to. The original Wii was in short supply more than a year after it went on sale.

As of Monday afternoon, the website of Best Buy Co. was sold out of the Wii U. Video game retailer GameStop Corp. said there was at least a three day wait for a deluxe Wii U, which costs $ 350, has more memory and comes with a game called “Nintendo Land.” GameStop still had the basic, $ 300 version available.

Wedbush analyst Michael Pachter estimates that Nintendo will ship 1 million to 1.5 million Wii Us in the U.S. through the end of January.

Gaming News Headlines – Yahoo! News

Read More..

Disney Channel to debut ‘Sofia the First’ Jan. 11

NEW YORK (AP) — Disney says its animated children‘s series “Sofia the First” will premiere Jan. 11 on the Disney Channel and Disney Junior networks.

Created for kids ages 2 to 7, “Sofia the First” is about a young girl who becomes a princess and learns that honesty, loyalty and compassion are what makes a person royal.

Sofia is voiced by “Modern Family” actress Ariel Winter, and her mother is played by “Grey’s Anatomy” star Sara Ramirez.

Last week’s premiere of the “Sofia the First” animated movie drew a total audience of more than 5 million viewers. It was the year’s top-rated cable TV telecast among kids ages 2 to 5.

In the series’ debut episode, Sofia strives to become the first princess to earn a spot on her school’s flying derby team.

Entertainment News Headlines – Yahoo! News

Read More..

Leading U.S. Democrat Durbin embraces future Medicare reforms

WASHINGTON (Reuters) – Assistant Senate Democratic Leader Dick Durbin, one of U.S. President Barack Obama‘s leading allies, urged fellow liberals on Tuesday to consider reforming the Medicare and Medicaid healthcare programs that they have long fought to shield from cuts.

“Progressives should be willing to talk about ways to ensure the long-term viability of Medicare and Medicaid” programs for the elderly and poor, Durbin said in excerpts of a speech he is to deliver later in the day.

Most Democrats have avoided talking about cutting these two “entitlement” programs, which have been adding to U.S. budget deficits because of the growing numbers of participants and escalating healthcare costs.

Instead, Obama and Democrats in Congress mostly have stressed the need to raise income taxes on the wealthy as part of renewed efforts to reduce budget deficits that have topped $ 1 trillion in each of the past four years.

Lately, Durbin has made high-profile remarks about eventually reducing Medicare and Medicaid costs, just as Republicans have begun talking about raising revenues as part of a tax overhaul effort next year.

On Sunday, Durbin raised the possibility of Democrats accepting Medicare reforms to make higher-income seniors pay more for their care. He made his remarks on ABC’s “This Week” program.

The Illinois senator said, however, that the debate over Medicare and Medicaid should not be part of the more immediate negotiations on averting the “fiscal cliff” of steep tax hikes and spending cuts.

“Meaningful reforms can protect the vulnerable and improve care and efficiency, leaving the programs stronger for future generations,” Durbin said in excerpts of the speech he is to deliver at the Center for American Progress, a liberal think tank.

Durbin’s remarks sought to foster productive talks aimed at averting on January 1 the fiscal cliff, the start of about $ 600 billion worth of tax hikes and automatic spending cuts that could shove the nation into a recession early next year if allowed to go forward.

The key battle pits Republican demands for deep spending cuts against Democrats’ insistence on tax hikes for the wealthiest Americans.

“We can and we should avoid ‘the fiscal cliff’ by acting now – before January 1st – to extend middle class tax cuts for 98 percent of the American people and allow the tax cuts to expire for those earning over $ 250,000 a year,” Durbin said.

Republicans could block any bill that does not extend all tax cuts. But after January 1, with all tax cuts expired, Democrats could draft a bill that cuts taxes only for those earning up to $ 250,000, cranking up pressure on Republicans to go along.

Durbin said decisions on Medicare and Medicaid should not be put off too long.

“Putting the discussions off indefinitely makes our choices harder, our success less likely and negative effects on current beneficiaries a near certainty,” he said.

(Reporting by Thomas Ferraro; Editing by Jackie Frank)

Seniors/Aging News Headlines – Yahoo! News

Read More..

Timing of Egypt’s Turmoil Couldn’t Be Worse for Its Economy

Political turmoil in Egypt entered its fourth day Monday, after President Mohammed Morsi’s surprise power-grabbing decree galvanized the opposition and set off rounds of street violence, at a time when the nation needs unity to make difficult economic decisions.

Egypt’s economy was already in trouble, with foreign reserves having fallen 40 percent since the uprising and growth projected to be less than 2 percent this year. Tourism and direct foreign investment have dropped, while unemployment has climbed. Economists say the government needs to tighten spending and devalue the currency—unpopular moves even without angry demonstrators already in the streets.

“Morsi needs political support to institute unpopular economic policies, such as cutting subsidies on fuel or potentially allowing the pound to depreciate against the dollar or the euro,” says Elijah Zarwan, a Cairo-based senior policy fellow at the European Council on Foreign Relations. “The more polarized the situation gets, the more each side escalates, the harder to imagine the kind of consensus-driven compromise that stands the best chance of enduring and producing the political stability that Egypt needs to get its economy back on track.”

Late Thursday night Morsi issued the constitutional declaration stating the president can issue “any decision or measure to protect the revolution,” which is final and immune to appeal in the courts. His declaration also barred the judiciary from dissolving the upper house of parliament or the body tasked with writing the new constitution, both of which are dominated by Islamists. The powers would be in place until new parliamentary elections are held and the constitution is ratified, which are expected only in the spring.

The response was immediate: The fractured opposition united and violent protests—often against the headquarters of Morsi’s political party—erupted across the country. On Sunday the first casualty of the violence was identified in the press as 15-year-old Islam Hamdi Abdel-Maqsood, killed as protesters tried to storm the party offices in the Nile Delta city of Damanhoor.

Both sides announced rallies, scheduled for Tuesday, for and against the decree, ratcheting up pressure on the government and setting the country on another collision course.

The effect of the turmoil on the economy was immediate. In the first day of trading since the decree, Egypt’s benchmark EGX30 stock index dropped 9.59 percentage points on Sunday. The losses were among the biggest since President Hosni Mubarak’s ouster in an 18-day uprising in January 2011.

The crisis could not have come at a worse time, with economists prescribing strong medicine to attack the country’s rising deficits and economic woes.

“We think that Egypt needs a fiscal tightening of 3 percent of GDP to put public finances on a stable footing,” says Neil Shearing, chief emerging markets economist at Capital Economics in London. “Delivering this is going to be extremely difficult against a backdrop of continued civil unrest. The currency remains a difficult issue, too. The pound looks extremely overvalued at present and probably needs to fall by 20 percent or so in order to restore lost competitiveness. But this implies a loss of purchasing power and will be unpopular. Given all the other challenges, devaluation could well be kicked further down the road and dealt with at a later stage.”

One piece of good news was the government’s announcement last week of a preliminary agreement with the IMF for a $ 4.8 billion loan, but this too comes hand-in-hand with steep reforms. As part of the agreement, Egypt should overhaul its energy subsidies, resulting in steep increases in the price of cooking gas and petrol, which would be a deeply unpopular move that again risks bringing people back out into the streets. There is already opposition to the IMF deal, which has been hotly debated since Mubarak’s ouster, and analysts worry that continued political turbulence would either stall the loan or reduce Morsi’s willingness to institute the kind of reform the Egyptian economy needs.

“It feels at the moment like it’s two steps forward and one step back,” says Shearing. “The IMF deal was a major positive development—the sums of money involved won’t cover Egypt’s entire external finance needs over the next couple of years, which is close to $ 20 billion, but it will go a long way toward reversing the immediate threat of the balance of payment crisis, which is very real. If nothing else, the events of the past week illustrate that progress over the next year will be extremely bumpy. Clearly, local politics still matter enormously.”

With three senior advisers already resigning over the decree, Morsi appears to be trying to defuse the situation, and he sought a meeting with senior judges on Monday. A statement on Sunday night from the president’s office said Morsi was committed to “engage all political forces in the inclusive democratic dialogue to reach a common ground.” Protesters, meanwhile, look to be in it for the long haul and have set up an encampment in Tahrir Square, the heart of the uprising that toppled Egypt’s last dictator.

“I think we’ve started to see the first steps toward a compromise that will restore stability in the short term, but that even at the end of that, I think the experience has hurt Morsi in terms of the support of a large segment of the population that was willing to reserve judgment and even among many people who voted for him because they didn’t want to elect a dictator, and it’s going to be difficult for him to recover that support,” Zarwan says.

Finding allies for unpopular economic reform will now be even more daunting, says Zarwan. “Unless he can pull some pretty fat rabbits out of his sleeve fairly quickly, he’s not going to find that kind of broad-based support.”

Topol is a Bloomberg Businessweek contributor.

Businessweek.com — Top News

Read More..

Nokia unveils 2 new cellphone models, priced at $62

HELSINKI (Reuters) – Struggling Finnish cellphone maker Nokia unveiled on Monday two new cellphone models, the Asha 205 and the Asha 206, pricing both models at around $ 62, excluding subsidies and taxes.

Both models will go on sale this quarter.

Nokia unveiled a new Slam feature which allows consumers to share multimedia content like photos and videos with nearby friends almost instantly through Bluetooth connection.

(Reporting By Tarmo Virki)

Tech News Headlines – Yahoo! News

Read More..

Rolling Stones turn back clock with hit-filled comeback

LONDON (Reuters) – The Rolling Stones turned back the clock in style on Sunday with their first concert in five years, strutting and swaggering their way through hit after familiar hit to celebrate 50 years in business.

Before a packed crowd of 20,000 at London‘s O2 Arena, they banished doubts that age may have slowed down one of the world’s greatest rock and roll bands, as lead singer Mick Jagger launched into “I Wanna Be Your Man”.

More than two hours of high-octane, blues-infused rock later, and they were still going strong with an impressive encore comprising “You Can’t Always Get What You Want” and “Jumpin’ Jack Flash”.

In between there were guest appearances from American R&B singer-songwriter Mary J. Blige, who delivered a rousing duet with Jagger on “Gimme Shelter” and guitarist Jeff Beck who provided the power chords for “I’m Going Down”.

Former Rolling Stones Bill Wyman and Mick Taylor were also back in the fold, performing with the regular quartet of Jagger, Ronnie Wood and Keith Richards on guitar and Charlie Watts on drums for the first time in 20 years.

“It took us 50 years to get from Dartford to Greenwich!” said Jagger, referring to their roots just a few miles from the venue in southeast London. “But you know, we made it. What’s even more amazing is that you’re still coming to see us…we can’t thank you enough.”

The Sunday night gig was the first of two at the O2 Arena before the band crosses the Atlantic to play three dates in the United States.

The mini-tour is the culmination of a busy few months of events, rehearsals and recordings to mark 50 years since the rockers first took to the stage at the Marquee Club on London‘s Oxford Street in July, 1962.

There has been a photo album, two new songs, a music video, a documentary film, a blitz of media appearances and a handful of warm-up gigs in Paris.

“STYLE AND PANACHE”

The reunion nearly did not happen. One factor behind the long break since their record-breaking “A Bigger Bang” tour in 2007 has been Wood’s struggle with alcohol addiction, while Jagger and Richards also fell out over comments the guitarist made about the singer in a 2010 autobiography.

But they eventually buried the hatchet, and Richards joked in a recent interview: “We can’t get divorced – we’re doing it for the kids!”

Critics were fulsome in their praise of the first comeback gig.

“Keith Richards has said that the beauty of rock and roll is that every night a different band might be the world’s greatest. Well, last night at the O2 Arena, it was the turn of the Rolling Stones themselves to lay claim to the title they invented,” wrote Neil McCormick of the Daily Telegraph.

“And they did it with some style and panache.”

The big question on every fan’s lips is whether the five concerts lead to a world tour and even new material. The Stones sang their two new tracks “Doom and Gloom” and “One More Shot”, which appeared on their latest greatest hits album “GRRR!”.

Richards has hinted that the five concerts ending at the Newark Prudential Center in the United States on December 15 would not be the last.

“Once the juggernaut starts rolling, it ain’t gonna stop,” he told Rolling Stone magazine. “So without sort of saying definitely yes – yeah. We ain’t doing all this for four gigs!”

The band has come in for criticism from fans about the high price of tickets to the shows – they ranged from around 95 pounds ($ 150) to up to 950 pounds for a VIP seat.

The flamboyant veterans, whose average age is 68, have defended the costs, saying the shows were expensive to put on, although specialist music publication Billboard reported the band would earn $ 25 million from the four shows initially announced. A fifth was added later.

“Everybody all right there in the cheap seats,” Jagger asked pointedly as he looked high to his left at the arena. “They’re not really cheap though are they? That’s the trouble.”

Among the biggest cheers on the night were for classics including “Wild Horses”, “It’s Only Rock and Roll” and “Start Me Up”.

There was even time for the odd reference to their advancing years.

“Good to see you all,” said Richards with a mischievous grin. “Good to see anybody.”

(Reporting by Mike Collett-White, editing by Paul Casciato)

Music News Headlines – Yahoo! News

Read More..