Tuesday, January 31, 2012

Mexican official flies with $1.9M in luggage

(AP) ? A Mexican state official was detained as he got off a government-owned plane with $1.9 million crammed into a briefcase and a backpack, prosecutors announced Monday, touching off allegations of campaign finance violations tied to the upcoming presidential election.

Tomas Ruiz, treasury secretary for Veracruz state, said there was nothing illicit about the money the official was carrying. He said the cash, from state coffers, was destined for a Mexico City advertising firm that agreed to promote festivals to attract tourists to the eastern coastal state, including a well-known carnival in the port city of Veracruz.

Ruiz said the Veracruz government had state official Miguel Morales Robles carry the cash payment on a special flight to Toluca airport outside Mexico City because the advertising work needed to be delivered quickly.

Federal prosecutors said a second state official, Said Zepeda, was briefly detained Friday when he showed up at the airport to demand the release of his colleague and the money.

The two officials were released because there was no evidence they violated any law, but the money remains in prosecutors' custody.

Federal prosecutors said they were trying to confirm the money was from state coffers as part of the investigation. Ruiz said he had sent them documentation.

Veracruz state is governed by the Institutional Revolutionary Party, whose presumptive presidential candidate is considered the front-runner in the July election.

The Democratic Revolution Party, one of the PRI's two main competitors, charged that the money was meant to fuel a secret advertising budget for PRI candidate Enrique Pena Nieto.

The PRI has made strenuous efforts to rebrand itself as a law-abiding and transparent party that has left behind the legacy of corruption that marked much of its seven decades of autocratic rule, which ended with the 2000 presidential election.

Mexico has strict limits on the amounts of money that can be spent on political campaigns ? the PRI's presidential candidate will be limited to spending 495 million pesos ($38.4 million) for the entire campaign.

Political rivals routinely accuse each other of violating the limits, but electoral regulators rarely bring cases to prosecutors.

"We have before us, without a doubt, a diversion of state resources for the presidential candidate of the Institutional Revolutionary Party, Enrique Pena Nieto," the national leadership committee of the Democratic Revolution party said in a statement.

Ruiz strenuously denied that.

"The payment was in cash because of the rush," he told the news station Radio Formula when asked why he hadn't sent an electronic transfer.

With the start presidential campaign season in Mexico, government and party officials are warning about the potential for organized crime to get involved in campaigns and debating how to prevent that.

Prosecutors wouldn't say if the money from Veracruz could possibly be linked to drug trafficking.

President Felipe Calderon last fall said that Veracruz, a state racked by drug violence, had been left in the hands of the Zetas drug cartel before he sent federal troops to restore order.

The state now is the center of a fierce battle between the Zetas and the Sinaloa cartel, Mexico's two most power drug trafficking organizations. Former Gov. Fidel Herrera was acccused of being aligned with the Zetas, a charge he often denied.

__

Associated Press writer Michel Angel Hernandez Castillo reported this story in Veracruz and E. Eduardo Castillo reported from Mexico City.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-01-30-LT-Mexico-Money-Flight/id-6a501ebe53144b7c9ca95cbd6e039374

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Mark C. Taylor: Is Modern Finance Ruining Modern Art?

[unable to retrieve full-text content]?As art becomes a progressively abstract play of non-referential signs, so increasingly abstract financial instruments become an autonomous sphere of circulation whose end is nothing other than itself.??Mark C. Taylor ...

Source: http://www.cupblog.org/?p=5262

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Monday, January 30, 2012

Drug Addiction May Make Users More Vulnerable to Stress

Head Lines | Mind & Brain Cover Image: January 2012 Scientific American MagazineSee Inside

ECK: Depression and substance abuse modify the same brain circuitt

Image: Malcolm Case-Green Alamy

Mood disorders such as depression are known to increase drug abuse risk. Yet mounting evidence suggests that substance abuse also makes people more vulnerable to depression and the negative effects of stress, according to Eric J. Nestler, chair of neuroscience at the Mount Sinai School of Medicine. He and his team reported new details about the link between depression and drug abuse in Neuron in August.

The team found that mice given cocaine daily for a week?a simulation of chronic drug abuse in humans?were more likely than their drug-free counter?parts to display behaviors reminiscent of depression after being subjected to socially stressful situations involving an aggressive and intimidating mouse. The drug-treated mice became lethar?gic and reluctant to interact with other mice following a shorter-than-usual bout of this ?social defeat? stress, which is commonly used to study depression in mice.

Most striking, the researchers found that the cocaine use led to the same molecular changes in the nucleus accumbens, a reward region, as are found in mice prone to stress and depression. The mice had lower levels of a molecule that polices the activity of certain genes and keeps at least one signaling circuit in check.

When the researchers artificially dialed down or up the levels of this regulatory molecule in the nucleus accumbens, they were able to produce or protect against depression in mice. This effect suggests that shifts in that brain region can cause?and are not just a side effect of?depression.

Testing for such changes in the human brain is trickier, of course.The team did find low levels of some of the same gene-regulating com?ponents in postmortem tissue sam?ples from the nucleus accumbens of people diagnosed with depression, hinting that humans with the disorder might experience altered signaling in this brain region, too.

If so, the findings may provide clues about why cases of drug abuse and depression sometimes spiral out of control, given that drug-induced de?pression is believed to ratchet up the chances of subsequent abuse in the same way that naturally occurring depression can.


Source: http://rss.sciam.com/click.phdo?i=708027251e95280f8505d89698f5f74f

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Lenovo's 14-inch IdeaPad Y470p launches with Radeon HD 7690M GPU

Who knew a "p" packed so much punch? Just weeks after Lenovo cut loose with a boatload of new machines, the outfit has quietly slipped out an even newer model tailored for gamers. The 14-inch IdeaPad Y470p looks just about like the existing Y470, but swaps out the middling NVIDIA GeForce GT 520M for a far more potent Radeon HD 7690M. (For those wondering -- yep, that's the same chip in HP's new Envy 15.) There's also a 2.2GHz quad-core Core i7 processor, 8GB of RAM, an optional 1TB HDD, JBL speakers and a native 1,366 x 768 screen resolution. The unit tips the scales at 4.85 pounds with a six-cell battery, which is supposedly good for up to four hours of usage (in presumably ideal conditions). Other specs include a Blu-ray Disc drive, a two-megapixel webcam, HDMI out and USB 3.0. For now, at least, it looks as if eager beavers can get one headed their way for as low as $799, but the more specced-out models are reaching well over $1,200.

Continue reading Lenovo's 14-inch IdeaPad Y470p launches with Radeon HD 7690M GPU

Lenovo's 14-inch IdeaPad Y470p launches with Radeon HD 7690M GPU originally appeared on Engadget on Sun, 29 Jan 2012 08:13:00 EDT. Please see our terms for use of feeds.

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Sunday, January 29, 2012

Google, Facebook, Privacy ? And You

google privacy policyEditor?s note: Guest author Keith Teare is General Partner at his incubator Archimedes Labs and CEO of newly funded just.me. He was a co-founder of TechCrunch. Like millions of other people, I got an email from Google this morning. It was entitled ?Changes to Google Privacy Policy and Terms of Service?. The first sentence describes the intent of the changes as shortening 60 policies into one, and improving their readability. Then there is a longer explanation captured in the graphic above. The email goes on to assert that Google has not changed its privacy policy and will not sell our personal information to third parties ? ?Our privacy policies remain unchanged?. So what is going on here? Facebook is the shiny object that Larry is focused on. This is a week where Sheryl Sandberg ? Chief Operating Officer at Facebook ? spoke at Hubert Burda?s DLD conference in Munich and stated that we were in the middle of 3 trends. First, a trend ?from anonymity to real identity?. Secondly, a trend from ?wisdom of crowds to wisdom of friends? and third, a trend ?from being receivers of information to broadcasters of information?. See the video below for the actual points she made. It was a thoughtful and at the same time a polemical speech, a speech with a strong point of view. In thinking about Google?s privacy policy changes it helps to listen to Sheryl?s remarks and reflect on the context. Facebook is saying that the Internet as a pure information retrieval mechanism is dead. That the ?readwrite? web that began as long ago as cheap web site hosting in 1998, has entirely replaced the read-only web. That the identifiable author has replaced the anonymous one. We are broadcasting and we are identifiable. That reading what friends say is now dominant in that world. Facebook envisages a future in which we all broadcast almost everything to almost everybody. Google?s problem. In that world, Google?s PageRank algorithm is seriously out of date. It promotes pages based on the number of links to it. Today, pages are no longer the unit of publishing. Far smaller items than a page dominate our senses. And those smaller messages are produced in huge quantity and in real time. So the signals that make something relevant have now changed. Facebook (and Twitter) have oodles of such signals. Google, until recently, had none. Google?s solution. The changes

Source: http://feedproxy.google.com/~r/Techcrunch/~3/JaxxfzBvTGI/

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Saturday, January 28, 2012

Germans float direct EU control over Greek budget (AP)

BERLIN ? Germany is proposing that debt-ridden Greece temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner before it can secure further bailouts, an official in Berlin said Saturday.

The idea was quickly rejected by the European Union's executive body and the government in Athens, with the EU Commission in Brussels insisting that "executive tasks must remain the full responsibility of the Greek government, which is accountable before its citizens and its institutions."

But the German official said the initiative is being discussed among the 17-nation currency bloc's finance ministers because Greece has repeatedly failed to fulfill its commitments under its current euro110 billion ($145 billion) lifeline.

The proposal foresees a commissioner holding a veto right against any budgetary measures and having broad surveillance ability to ensure that Greece will take proper steps to repay its debt as scheduled, the official said. The person spoke on condition of anonymity because the talks are confidential.

Greece's international creditors ? the International Monetary Fund, the European Union and the European Central Bank ? already have unprecedented powers over Greek spending after negotiating with Athens stringent austerity measures and economic reforms in return for the first bailout.

The so-called troika of creditors is currently negotiating another euro130 billion rescue package for the heavily indebted country. German news magazine Der Spiegel on Saturday cited an unnamed troika official as saying Greece might actually need a euro145 billion package because of its prolonged recession.

The German proposal, first reported by the Financial Times, is likely to spark controversy in Greece.

Despite the quick rejection from the EU Commission, Germany's demand underlines the frustration of the eurozone with Greece's slack implementation of the promised reforms, spending cuts and privatizations. During every verification mission last year, the troika found huge implementation shortfalls, which in turn increased gaps in Athens' budget and intensified the need for a second bailout.

A powerful budget commissioner would further diminish the political leeway of Greece's government, just as politicians there are gearing up for an election set to take place this spring.

A government official in Athens said a similar proposal had been floated last year but got nowhere. Greece would not accept such a measure, he added. The official spoke on condition of anonymity because no formal proposal has been made by the EU or Germany yet.

The unprecedented and sweeping powers for creditors would indeed deal a huge blow to Greece's sovereignty, but they could help mobilize more support for the government in Athens from its European partners.

Several German lawmakers have repeatedly said that giving more money to Greece is unthinkable without stricter enforcement and control of the conditions attached to the rescue packages.

Greece is currently locked in a twin effort, seeking to secure a crucial debt relief deal with private investors while also tackling the pressing demands from its European partners and the IMF for more austerity measures and deeper reforms.

Failure on either front would force the country to default on its debt in less than two months, pouring new fuel on the fires of Europe's debt crisis.

In that case, Greece would likely leave the eurozone, which would bring disaster to the country, destabilize the currency bloc, fuel panic on financial markets and ultimately threaten the fragile world economy.

Despite two weeks of intensive talks, a debt relief agreement with private investors worth some euro100 billion has yet to be reached.

Greek Prime Minister Lucas Papademos and Finance Minister Evangelos Venizelos met anew with representatives of international banks and other private institutions Saturday, but the talks ended without a final deal and were expected to resume Sunday, officials in Athens said.

With the current troika mission still ongoing and no final deal with the private sector creditors, Greece is unlikely to feature prominently at a summit of the EU's 27 leaders Monday, according to officials in Brussels.

___

Demetris Nellas in Athens and Gabriele Steinhauser in Brussels contributed to this report.

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

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Fear shrouds election race in Manipur, India's dark jewel (Reuters)

IMPHAL, India (Reuters) ? Thrown face down in an open drain by a grenade blast, Maisnam Ratan's bloodied corpse was the latest reminder of the lingering insurgency in India's isolated, far-eastern state of Manipur, which elects a state legislature Saturday.

Manipur, which neighbors Myanmar, is called the Jewel of India for its paddy fields, lakes and green hills. But it has been plagued for decades by a low-intensity war, blamed by authorities on rebels sheltering in Myanmar as well as a stream of drugs and guns seeping through the porous border.

At night, the run-down capital, Imphal, is often lit only by candles and burning garbage because of a chronic electricity shortage. Fearful of threats by rebels who see India as a colonial power, cinemas do not show Bollywood movies and cable television blocks out programs in Hindi, the country's most widely spoken language.

Ratan was visiting the house of a senior politician from the ruling Congress party Sunday when the blast went off. It was a relatively small explosion, but tore open his leg and ripped chunks from a wall where long ago somebody had neatly written: "We want peace and harmony."

Neither seems likely in the near future.

Manipur has the highest rates of HIV and drug addiction in the country and young people are migrating in droves.

India's policy-makers are loath to loosen the emergency shoot-to-kill powers imposed in 1958 in Manipur and other northeastern states for fear of giving oxygen to rebel movements in a region that also borders Bangladesh and China.

Perhaps for the same reason, and despite a drop-off in violence that has killed 3,000 in a decade, India has dallied on plans to turn Manipur into a serious trading corridor with Southeast Asia and Myanmar, which is shaking off decades of isolation and welcoming new investment.

Manipur has a direct road link through winding hills with the town of Tamu in Myanmar. It was along this road that Japanese forces attacked India in World War Two before being turned back in battles around Imphal.

The Myanmar army has recently launched offensives against Indian rebel camps on its territory, but several groups are still believed to shelter in the hilly terrain there.

FIRST CASUALTY

Ratan was the first casualty in the build-up to Manipur's state elections, a campaign that has been overshadowed by daily grenade blasts and gunfire as the coalition of rebels targets the ruling Congress party.

"This is not going to undermine the democratic process, peoples' hearts cannot be intimidated by these kind of acts," said visibly shaken Congress candidate Irengbam Hemochandra, minutes after the attack last week. It was his home that was targeted.

Despite the brave words, Manipur's election campaign has been subdued, with only a few, heavily guarded rallies. Police in military-style uniforms armed with automatic rifles line highways and man sandbag barricades outside candidates' homes.

Congress is expected to retain office, thanks to a tradition of Manipur being ruled by the same party that runs the central government, which has a strong hand due to the massive security presence.

One politician visiting from another state, West Bengal Chief Minister Mamata Banerjee, said she was shocked by what she saw.

"It's like a battlefield, I don't like that," she told Reuters after meeting Irom Sharmila, a woman who has been on a hunger strike for more than ten years to demand an end to the emergency powers. Sharmila is in police custody and is force fed through a nasal tube.

Security forces prowl the streets of Imphal after nightfall, stopping and searching the few vehicles that venture into the gloom. But no trace has been found of two suspects seen slipping away after Sunday's blast.

Close to 30,000 reinforcements have arrived from across India to beef up security at polling stations, doubling the size of the police force in a nerve-wracking operation for Manipur's new police chief Ratnakar Baral, in charge of their welfare.

"Send in local police first in civilian clothes to see that there is not any ambush and they get killed," the police chief ordered a subordinate by telephone from his office Tuesday. "They are new to Manipur's situation," he explained. "They need to be educated about it and move very carefully."

He has good reason to worry. In the last state election in 2007, 16 uniformed men were killed in a grenade and gunfire attack on their truck.

'DARK FUTURE'

Manipur's security woes, its potholed roads and irregular power supply do not encourage investment in the state, fuelling unemployment that is close to 25 percent.

Last year, protesters calling for more power for the Naga tribe blocked highways into the landlocked state for nearly three months, causing fuel and food scarcity and soaring prices.

"As an economist I see a very dark future. The central government has failed to invest in infrastructure," said N. Mohindro, an expert on trade in the state.

Although economic growth has been strong in recent years, the wealth is not felt on the streets and Manipur remains one of India's poorest states. Educated young people are leaving to study in India's main cities and abroad and are not returning.

"We understand. Why would they come back? There is no electricity, no restaurants, no picture houses even," said one businessman in the city, whose children are all living in India's tech capital, Bangalore. He is thinking of joining them.

Many of those that stay are drawn into drugs -- Manipur is a major transit route for Golden Triangle-produced heroin, smuggled from Myanmar on its way to international markets.

"My problem is my children and my wife. I don't know about Manipur's problems," said Thangchin Lian, 32, an alcoholic and sometimes heroin user from the Paite tribe who recently discovered he and his pregnant wife have HIV. Their two year-old boy is not infected.

Speaking in their neat wood and bamboo stilt house on the edge of Churanchandpur, an hour's drive from Imphal, pregnant Niangbai Lian said many of their friends were also infected but struck an optimistic note.

"I love Manipur," said Lian, who is taking anti-retrovirals for her illness and hopes to join the state's large police force after her baby is born.

"I was born here and there is hope for the young, as long as they struggle and work."

(Editing by Raju Gopalakrishnan and Nick Macfie)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20120127/wl_nm/us_india_election_manipur

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Friday, January 27, 2012

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Source: http://www.freevideosinfos.com/2012/01/receive-the-cheapest-automobile-insurance-rates-on-the-web-2/?utm_source=rss&utm_medium=rss&utm_campaign=receive-the-cheapest-automobile-insurance-rates-on-the-web-2

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Gingrich Space Plan Promises the Moon, Literally: Lunar Base by 2020 (SPACE.com)

The United States will have a permanent manned colony on the moon by 2020 if Newt Gingrich is in charge, the Republican presidential hopeful announced today (Jan. 25).

Gingrich laid out this goal during a speech in the city of Cocoa, on Florida's Space Coast. He also said that near-Earth space would be bustling with commercial activity by 2020, and that America would possess a next-generation propulsion system by then, allowing the nation to get astronauts to Mars quickly and efficiently.

"By the end of my second term, we will have the first permanent base on the moon, and it will be American," Gingrich said.

The former Speaker of the House made no apologies for the boldness of his amibitions, which depend primarily on the emergence of a vibrant commercial spaceflight industry. He said the U.S. space program needs a kick in the pants like the one President John F. Kennedy gave it in 1961, when he promised to put a man on the moon by the end of the decade.

"I am sick of being told we have to be timid, and I am sick of being told we have to be limited to technologies that are 50 years old," Gingrich told a standing-room-only crowd of cheering supporters. [50 Years of Presidential Space Visions]

Bold plans

Gingrich claimed his big ideas would improve the country's current standing in space, which he views as unacceptable.

With the retirement of NASA's space shuttle program last July, the U.S. is now reliant on Russia to get its astronauts to and from the International Space Station, and will be until 2017 or so, when private American vehicles may start coming online.

Meanwhile, China is ramping up its space program. It plans to build a manned space station in Earth orbit by 2020, and hopes to put a person on the moon sometime after that.

Bold space plans would help get America back on track in the short term, Gingrich said, and facilitate further success over the long term by helping inspire young people to study science, engineering and math.

Are they feasible?

Gingrich's chief rival for the Republican nomination, former Massachusetts governor Mitt Romney, has occasionally called attention to the "grandiosity" of Gingrich's ideas about space and other subjects.

Gingrich said he doesn't view "grandiose" as an insult.

"I accept the charge that I am an American, and Americans are instinctively grandiose, because we believe in a bigger future."

But Gingrich's big plans may indeed be grandiose in the more traditional, pejorative sense, some experts say.

"When we are not expecting a U.S. crewed launch to the ISS until 2016-2017 and are just getting started on a lunar-class launch vehicle, establishing a lunar outpost by 2020 is a fantasy," space policy expert John Logsdon, professor emeritus at George Washington University, told SPACE.com via email. "It would be much better to set realistic goals, but that is not Mr. Gingrich's strong suit."

Gingrich proposed to help spur spaceflight action by setting up a system of prizes. He would establish a $10 billion prize, for example, for the first company or entity to get astronauts to Mars. Such a system would foster rapid development of commercial spaceflight capabilities akin to the strides made by the aviation industry in the 1920s and 1930s, he said.

In Gingrich's vision, these private enterprises ? not NASA ? would lead and enable humanity's expansion to the moon and Mars.

The former House speaker also implied that he would cut NASA's budget, stressing several times that he wants the space agency to be "leaner" and less bureaucratic. He added that he would allocate 10 percent of NASA's budget to help fund the prizes he's proposing.

SPACE.com staff writer Denise Chow (@denisechow) contributed to this story. You can follow SPACE.com senior writer Mike Wall on Twitter: @michaeldwall. Follow SPACE.com for the latest in space science and exploration news on Twitter @Spacedotcom and on Facebook.

Source: http://us.rd.yahoo.com/dailynews/rss/space/*http%3A//news.yahoo.com/s/space/20120125/sc_space/gingrichspaceplanpromisesthemoonliterallylunarbaseby2020

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Thursday, January 26, 2012

Rifts on show a year after Egypt's uprising (Reuters)

CAIRO (Reuters) ? Tens of thousands massed in Cairo's Tahrir Square and other Egyptian cities on Wednesday, a year after an uprising erupted that toppled Hosni Mubarak, spurred on revolts across the region and exposed rifts in the Arab world's most populous state.

United last year by popular anger at Mubarak and his 30-year rule, Egyptians gathering on the January 25 anniversary were in high spirits but divided between activists demanding a swift end to army rule and Islamists celebrating their dramatic change in fortunes after emerging victors in a parliamentary election.

One group of mostly youths in Tahrir stood near a street where protesters clashed in November and December with police and the army, chanting "Down with military rule" and "Revolution until victory, revolution in all of Egypt's streets."

With the 83-year-old Mubarak on trial for his life but a new parliament installed this week that is dominated by his Islamist adversaries, some of the youthful activists who turned to the Internet to launch last year's revolt are disenchanted, weary of army rule but fearful the Islamists may also stifle their hopes.

Protesters mistrust the military council that took charge on February 11 last year when Mubarak was driven out and which is led by the man who was his defense minister for two decades, Field Marshall Mohamed Hussein Tantawi. The army has vowed to relinquish power after a presidential poll in June.

On the other side of the packed Tahrir Square, a vast plaza where protesters fought fierce battles with police during the 18-day uprising last year, supporters of the once banned Muslim Brotherhood and other Islamists grouped to celebrate.

"I'm very happy with the anniversary of January 25. We never dreamed of this. The revolution's victory was reaped with the elected parliament," said Khaled Mohamed, 41, a member of the Brotherhood whose Freedom and Justice Party (FJP) secured the biggest bloc in parliament after the first free vote in decades.

A member of the Brotherhood's party now sits on the speaker's chair, an idea unimaginable a year ago when the lower house was a compliant, rubber-stamp body stuffed full of Mubarak's supporters. The assembly also has a strong contingent of ultraconservative Salafi Muslims.

CHALLENGES

However, some liberal activists fear the Brotherhood and other Islamists are colluding with the army to entrench their position in mainstream politics at the expense of a deeper purge of the old order. Islamists dismiss talk of any such alliance.

The United States, a close ally of Egypt under Mubarak, praised "several historic milestones in its transition to democracy" this week, including the convening of parliament.

"While many challenges remain, Egypt has come a long way in the past year, and we hope that all Egyptians will commemorate this anniversary with the spirit of peace and unity that prevailed last January," a White House statement said.

After decades of stagnation, few imagined big political change possible on the eve of the protests a year ago when Egyptians lived in Mubarak's tightly controlled police state.

Even when protests erupted with a ferocity that surprised many, U.S. Secretary of State Hillary Clinton said on January 25 last year that Mubarak's government "is stable and is looking for ways to respond to the legitimate needs and interests of the Egyptian people."

But for many the changes are still not enough. Pro-democracy activists fear the army which provided the nation's leader for six decades wants to cling to power from behind the scenes even after a president is elected. Some cast envious glances toward Tunisia, whose successful revolt last January inspired the Egyptians and which has now moved directly to civilian rule.

The activists in Egypt point to a surge in military trials of civilians and the use of violence against protesters as signs of autocratic ways similar to three decades under Mubarak.

The slow pace of change also frustrates some Islamists. "When we entered Tahrir Square a year ago, we were united. But then the military council divided us. We must unite again," said 24-year-old Brotherhood supporter Amr Sayyid.

When the army was ordered onto the streets after days of clashes with police during the uprising, the troops were hailed and cheered. Many Egyptians have since watched in horror as soldiers have dragged, beaten and fired teargas at demonstrators demanding that the army return to its barracks.

Tantawi defended the military during a televised speech on Tuesday: "The nation and the armed forces had one aim: for Egypt to become a democratic state."

DEMANDS FOR JUSTICE

Along with demonstrations in Cairo, Egyptians also gathered in the northern city of Alexandria and in Suez, scene of some of the fiercest violence during the revolt and also the place where the first death was reported during the uprising.

"We didn't come out to celebrate. We came out to protest against the military council and to tell it to leave power immediately and hand over power to civilians," said Mohamed Ismail, 27, in Suez, a port city east of Cairo.

There were no official numbers for Wednesday's turnout. But some witness estimates put the number in Tahrir at 150,000 or more although there was a constant flow of people in and out of the square. Thousands were also out in other areas of Cairo.

Demands for justice for the "martyrs of the revolution" was a unifying calls for everyone on Wednesday. Banners with pictures of those killed were hung from lamp-posts in Tahrir.

Many are angry that no one has yet been found responsible for the deaths of 850 people during the uprising as the trial of Mubarak, his interior minister and others officials continues.

"Martyrs, sleep and rest. We will complete the struggle," chanted protesters in Alexandria.

But friction between rival ideas about where Egypt is headed was not far below the surface, even late on Tuesday as people began congregating in Tahrir.

"The military council is Mubarak," said Amr al-Zamlout, a 31-year-old protester clutching a sign declaring "there is no change" and stating his aim was to topple the army rulers.

Mohamed Othman, an accountant, stopped to say Egypt needed stability for economic recovery not more protests: "The council will leave power in any case. Sure, the revolution is incomplete, but it doesn't mean we should obstruct life," he said, touching off an row among the crowd that gathered around.

(Additional reporting by Tom Perry, Marwa Awad, Dina Zayed, Sherine El Madany and Yasmine Saleh in Cairo and Laura MacInnis in Washington; Writing by Edmund Blair; Editing by Alastair Macdonald)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20120125/wl_nm/us_egypt_anniversary

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Michele Bachmann running for reelection (Washington Post)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, News Feeds and News via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/191441456?client_source=feed&format=rss

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Wednesday, January 25, 2012

Tracy Morgan out of hospital, back at work on "30 Rock" (omg!)

Actor Tracy Morgan arrives at the premiere of the film "Rio" at Grauman's Chinese Theater in Hollywood, California April 10, 2011. REUTERS/Jason Redmond

LOS ANGELES (TheWrap.com) - A little altitude isn't enough to keep "30 Rock" star Tracy Morgan in a Park City, Utah hospital. Morgan tweeted Monday that he had been released and planned to be back at the "30 Rock" set in New York on Tuesday.

"Thank U 2 the hospital staff. Back at work 2morrow shooting 30 Rock. Holla at me!" Morgan tweeted Monday.

He added: "Gotta thank the AMAZING medical staff and all my supporters! Love you. #GOgiants @Giants #ALLIN"

Morgan collapsed after an awards ceremony at the Sundance Film Festival on Sunday and was rushed to a local hospital.

"Superman ran into a little kryptonite," he tweeted. "The high altitude in Utah shook up this kid from Brooklyn."

Morgan's rep had previously released a statement saying the star's collapse was the result of "a combination of exhaustion and altitude."

(Editing by Chris Michaud)

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//us.rd.yahoo.com/dailynews/external/omg_rss/rss_omg_en/news_tracy_morgan_hospital_back30_rock_170512040/44287285/*http%3A//omg.yahoo.com/news/tracy-morgan-hospital-back-30-rock-170512040.html

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Target tries to fight off online retailers

Jeff Chiu / AP

Customers shop at a Target Store in Colma, Calif.

By Marisa Taylor

In an effort to prevent consumers from taking a look at merchandise in-store, but using smartphone apps to?shop for cheaper prices online, low-end retail chain Target is scaling up its business model by asking vendors to create Target-exclusive products.

The problem, experts say, is that there isn?t much Target and other big-box retailers can do to quash competition from online giants like Amazon.com and Overstock.com. The practice of so-called "showrooming," when shoppers hit the brick-and-mortar venues to determine whether they like an item, but then buy it for cheaper on Amazon.com, is here to stay, these experts note.

?The bottom line is that the more commoditized the product is, the more people are going to look for the cheapest price,? said Morningstar analyst Michael Keara. ?If there?s a significant price difference [among retailers] and you?re using it on a regular basis, you?re going to go to Amazon.?

Consumers turned to online shopping in droves this year, spending a whopping $37.2 billion during November and December of 2011 alone, representing a 15 percent increase in spending over the same time period in 2010, according to digital research company comScore.

And while many retailers, from J.Crew to Barnes & Noble, offered free shipping and steep discounts on merchandise in the days leading up to Christmas, smaller brick-and-mortar retailers cried foul when Amazon.com rolled out its Price Check App last December.

Amazon offered customers an additional 5 percent discount on products they purchased using the app, which would essentially strangle brick-and-mortar stores by encouraging shoppers to seek products there, but buy them online.

Indeed, Target sent an ?urgent? letter to vendors last week, asking them to ?create special products that would set it apart from competitors,? according to The Wall Street Journal. Citigroup?s Deborah Weinswig told the Associated Press that Target?s letter insisted that it would not ?let online-only retailers use our brick-and-mortar stores as a showroom for their products and undercut our prices without making investments, as we do, to proudly display your brands.??

Target would not comment on the letter, but did say that the company ?has long prided itself on having truly collaborative vendor partnerships and we continually work with our vendors to remain competitive in the ever-evolving retail environment,? according to an e-mailed statement from Target spokesperson Molly Snyder.

Other big-box retailers -- such as Wal-Mart, Best Buy and Sears --?did not immediately respond to requests for comment. Amazon did not respond to a call for comment.

Target also recently announced that it would partner with a number of boutique chains -- such as The Candy Store and Cos Bar --?to carry specially designed Target wares, and it has long teamed up with high-end designers to create special budget lines for its stores to increase demand.

Analysts say that other big-box retailers will likely try to follow Target?s example of creating exclusive products and shopper loyalty programs,?such as?Target?s RedCard, which offers cardholders free shipping for online purchases and a 5 percent discount on select products.

?The trend toward more exclusives has been growing anyway, and showrooming is just another accelerant,? wrote Sean McGowan, a senior analyst at Needham & Company, in an e-mail message.

And whether Target likes it or not, when it comes to higher-end products and national brands, consumers aren?t loyal.?The advent of online shopping just exacerbates that.

?This company is under extreme pressure to keep their margins down,? said Morningstar's Keara. ?They really need you to come into the store and buy things that are a little higher margin.?

But that?s where Amazon goes in for the kill, because today?s cash-strapped consumer just wants a lower price.

?I think we?re slowly, gradually coming to this realization that consumers aren?t going to spend what they did in the last 10 to 15 years,? he said.

Source: http://bottomline.msnbc.msn.com/_news/2012/01/24/10226938-target-tries-to-fight-off-online-retailers

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Tuesday, January 24, 2012

Mitt Romney's Tax Filings Mean Nothing to the 2012 Presidential Campaign (ContributorNetwork)

COMMENTARY | As reported by Reuters, Mitt Romney has bowed to pressure by Newt Gingrich and released his 2010-2011 tax filings. The filings reveal that the former Massachusetts governor had income of $45 million and paid taxes on that totaling $6.7 million.

Gingrich made the claims that Mitt was hiding his income and attempted to paint him as someone out of touch with main street America. Yet the governor's forced release of his tax information showed none of this. His largest source of income is held in blind trust which he has no control over, and he is about as in touch with the everyday American as any other politician. Can Gingrich name a presidential candidate in history that went from working at McDonald's to the White House? All candidates are millionaires whose typical employment is either as a lawyer, CEO, or a career politician.

Since Gingrich brought the issues of tax filings into the campaign, let us take a look at his 2010 filing as shown on his website and see how it compares to Romney's return. Gingrich made $3,162,424 in income for the year yet only had $127,290 withheld for Federal Taxes and a total tax liability of $996,251 for the year putting his taxes at about 32 percent. This is offset some by a carry-forward of a tax credit from last year of $485,860. Where did this tax credit come from? To ask the same thing that Gingrich is asking Mitt, is Gingrich trying to hide something from last year that gave him a tax refund of at least $485,860? The filing goes on to say that Gingrich gave only a little over $81,000 to charity. That's only a meager 4 percent as compared an estimated 15 percent that Romney gave in donations. I say these things with a touch of sarcasm to illustrate the point that this tit-for-tat is pointless.

Overall, this really should not be an issue for the Republicans. As the well known writer, Napoleon Hill said, "Great achievement is usually born of great sacrifice, and is never the result of selfishness."

We are the party of achievement. We celebrate success. We praise those that provide for their family and their descendants. Yet here Gingrich is, waving the Democrats' banner for them. He is trying to make people hate Romney for no other reason than he has money. We as the voter need to demand that Gingrich and the rest of the GOP candidates focus the campaign on one thing and one thing only, beating Obama and the Democrats. Nitpicking each other over how much money that person has or if that person has a Swiss bank account or not is only making it easier for the Democrats.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ac/20120124/pl_ac/10877591_mitt_romneys_tax_filings_mean_nothing_to_the_2012_presidential_campaign

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Op-Ed: Canada Must Change XL Pipeline Debate

Copyright ? 2012 National Public Radio?. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

NEAL CONAN, HOST:

Last week, President Obama rejected the controversial Keystone XL pipeline, which would transport oil from the tar sands of Canada to refineries in Texas. Opponents argued that burning off the vast deposits would doom any chance to stop global warming and that the route across Nebraska's Ogallala Aquifer was too risky. Supporters said the pipeline would create thousands of jobs and reduce reliance on Middle East oil. As you can imagine, there's controversy in Canada too.

Op-ed columnist Murray Mandryk wrote: It's time for Canadians to move pass talking points and have thoughtful dialogue on better addressing oil policy issues. Well, nobody believes the debate over the XL pipeline is over, so how should we see last week's decision? Give us a call, 800-989-8255. Email us, talk@npr.org. You can also join the conversation on our website. That's at npr.org. Click on TALK OF THE NATION. You can also find a link to Murray Mandryk's column there.

Murray Mandryk is political columnist for the Regina Leader-Post. His op-ed ran in that newspaper on Saturday. And he joins us now from studios at the CBC. Nice to have you on the TALK OF THE NATION today.

MURRAY MANDRYK: Well, thank you, sir. Nice meeting you.

CONAN: And President Obama rejected the Keystone XL pipeline project last week, or at least seemed to. You say this is far from being over.

MANDRYK: Well, I think there's people in your country that will have a far better grasp of the political nuance than maybe I would. But I think there's a lot of people in Canada that anticipate that it will come back in 2013 once things cool down. It's largely seen here from those that can take a breath and get past their own politics to be a strategic political move in relation to your vote coming this fall. Everyone fully anticipates that the pipeline will go ahead because it makes sense on a lot of levels from a Canadian perspective and probably from an American one as well.

However, there are any number of controversies related to this and inconsistencies in policy in both countries, not the least of which Canadians, for all our reputation of being nice and reasonable, we sometimes like to have our cake and eat it too.

CONAN: Well, fill us in, a little background on the Canadian political argument. Of course this is a policy that's been very popular with the conservative prime minister, Stephen Harper.

MANDRYK: It is very popular. And much like your country, you really can't talk about a Canadian perspective and have anything that's terribly uniform, sir. In our country, the problem being is that, you know, we are as divided, as I'm sure Americans are, on a lot of issues, up to including this one. And we're also regionally divided because eastern Canada isn't as dependent on oil production as a revenue source. In Canada it's a little bit different perhaps than in the United States because the provinces, equivalent to the state government, obviously has control over the resources - its natural resources.

So for provinces like Saskatchewan, where I live, or next door in Alberta, it's a really big deal to produce oil and a really big deal to export it, particularly to the United States, which would be our preferential export. The difficulty being is that, particularly in Alberta, they're running headlong into the environmentalist lobby. It's not just an American environmentalist lobby, but I think our federal Canadian government and perhaps a couple of our provincial Canadian governments want to categorize it that way, as too much influenced by the American left.

In reality, though, what is of concern, though, is just being able to get our oil to market. As I say, the preferential market would obviously be the United States, but there's a second pipeline through northern B.C. called the Northern Gateway pipeline that Canadians are proposing - Canadian oil industry is proposing as perhaps an alternative to feed Asian markets - China and such - if this pipeline doesn't go through in terms of the Keystone development.

So there is a lot of layers and nuance to this argument that makes it not easy to digest in one whole sitting. You almost have to - you have to take this one in in bite-size pieces.

CONAN: That pipeline - proposed pipeline to the Pacific Coast, if my grasp of geography is correct, would have to go across the Rocky Mountains, through a lot of wilderness area, and I would assume some areas run by native - operated by Native American tribes.

MANDRYK: You're absolutely right. And the first station plan right is an incredibly important issue in Canada, and right now they're in the process of hearings. And it is those hearings that incited the Canadian natural resources minister to start talking about foreign-backed environmental radicals who basically are trying to kibosh is - our Canadian government sees it - this northern pipeline.

The fact of the matter is, there's probably many of us who really wonder the very question that you're asking, why on God's green Earth and, you know, quite literally on God's green Earth, do you want to put a pipeline through the Rocky Mountains in general because it's difficult, but pristine wilderness like this through First Nations? The company involved, Enbridge, hasn't exactly had a perfect record on environmental spills, as the people of Wisconsin might attest in 2007. In fact, I think in the last decade, it's had something like 804 spills of 200,000 barrels of oil through its pipelines, et cetera, and its other enterprises.

That said, I'm not anti-pipeline. I'm probably like a lot of Americans and certainly a lot of Canadians that obviously see that this is the best way to generally move oil. It certainly beats - it's certainly better than tanking it through - with cars and tanker trucks that are going to possibly have more of an environmental disaster and are more likely to because of the nature. In relative terms, it's probably a reasonably safe way to go about it. But in doing so, we do have to sort out all this environmental differences; our own in this country and certainly with Keystone XL, related to the Ogallala Aquifer in Nebraska, the sand hills there, and different landownership issues, et cetera. And it's difficult, of course, force it through, because of this situation in America where it has become a bit of a political football. It's now becoming a bit of a political football up here.

And as I think you pointed out, the conservative government is pushing it through because they particularly like the idea of this fight for whatever reason in terms of supporting this base, and there's certainly concern about the economic argument. But I don't think enough people are sitting back and taking a look at the Obama administration and understanding that this is a pretty pragmatic government as well. Probably, it's going to come to the conclusion that once the smoke clears, it's in America's best interests, obviously, to have a pipeline through here too.

CONAN: And one of the reasons people got themselves arrested in front of the White House last fall was the argument that if we start to tap this vast resource of the Alberta oil sands or tar sands - and I guess those have controversial terms, too, whichever one you use - but if we start to tap these vast reserves, if we burn those - that petroleum, the odds of fighting back global warming are over. It's dead.

MANDRYK: Well, here we run into a bit of difficulty, one of which is the fact that the feeding government isn't - is wholeheartedly - the current Canadian government isn't wholeheartedly supportive of a notion that global warming is man-made, let alone it'll be caused by the tar sands. They embarked kind of very aggressive program called Ethical Oil, and one of the more controversial right-wing authors in this country has even penned a book under that name. And the premise of it basically being is two things, one of which is that the argument that tar sands oil, oil - sands oil isn't as dirty as some claim.

And early in my career, I actually work up in the area, in Fort McMurray, and I can attest that, no, it's really not in terms of its environmental impact. Yes, it's problematic, but it is a mining venture. And from that perspective, it's not as damaging as some might think. There's certainly huge issues related to underground water supplies, et cetera, other issues, but there's a really good argument that the whole notion of its environmental damage has been vastly overblown, particularly its impact on global warming. When you can consider all the other things that we do in both our nations and China, like burning coal and such. There's more of a direct impact.

And obviously, the secondary issue related to this is sort of the political end in terms of, well, you know, where is this going to take us politically. And I think that's probably fitting into the Stephen Harper Canadian government - the conservative government in Canada - is to what points they want to make in terms of bringing their own agenda forward. So it's, I guess, they say in the movies in terms of some of the protesters, it gets complicated.

CONAN: Now, let's see. We go to a caller. Edward is on the line, calling us from Maui in Hawaii.

EDWARD: Hey. Aloha and happy New Year.

CONAN: Happy New Year.

EDWARD: Say, look, you know, in the last - I don't know how many years it's been since I've been aware of Canadian tar sands, and then in the last year or so since this pipeline has come up. I believe that a lot of what I originally heard of the - in the last year or two was that, as your guest have had said, Canada's interest is marketing their oil. He also speaks of America's best interest. I'm trying to figure out what those are. I know that Canada is improving their pipeline to their coast so they can ship to China. And I know they want to run a long pipeline across our country, and I think the ecological issues can be addressed. But I'm trying to figure out what's in it for us? They want to get access to Gulf Coast ports to ship that oil to other parts of the world.

That oil isn't going to end up into our own pipeline. I mean, heck, we're shipping excess fuel off of the continent right now 'cause we have oversupply. What's it - what are America's interests besides what's realistically estimated at around 6,000 jobs for a short period, and then there's the maintenance jobs. I'm assuming there's going to be a tariff per barrel that goes through there. But what exactly, in your guest's opinion, are America's best interest? The threat of not having tankers going along our coast and leaking oil or trainloads through them? Because it really sounds like it's in the best interest of Canada. But what's our interest?

CONAN: Murray Mandryk, from the Canadian point of view, what's the argument they make when they go to Washington?

MANDRYK: Oh, certainly. It was the second point that I got a little lost in thought and didn't get to, but it's related to that Ethical Oil question from the Canadian perspective. And simply put this way: Do you want to buy your oil from sometimes unstable Middle Eastern dictatorships? We all know what's happening in the world of the Arab Spring. We all know what's happening in other countries. We know the history with your country related to 9/11 and the difficulties with the Middle East. We know what's going on in Iran and what's going on with Iran right now and what's going on in Iraq. We know the problems related to dealing with Middle Eastern nations. Do you want to deal with Middle Eastern nations or who we like to consider America's best neighbor, which is Canada?

Now this is sort of the argument from the Canadian government perspective, not necessarily mine. But I'm actually very sympathetic to that argument because we have the longest unguarded border in the world. We have the best trade relationship in the world. There's no particular reason why us selling oil to Americans can't be beneficial to both of us. However, within that, I think there's a couple of things as Canadians and Americans, but certainly as Canadians, which I'll speak for, that we have to be respectful of - one of which, obviously, is your environmental process. And we can't just be mad and basically say, well, because this isn't in our economic best interest, we have to say we're being picked on or that the American Obama government is somehow doing us an unjust turn.

There may be political reasons behind the decisions related to the Obama not - government not approving the permit. But there are certainly political decisions behind the U.S. Congress, dominated by Republicans - at least from our standpoint, there seems to be - of imposing the arbitrary February deadline when they've going through this process for a number of years.

CONAN: We're talking...

MANDRYK: It's not like TransCanada pipeline hasn't exactly been in the middle of these hearings forever.

CONAN: We're talking with Murray Mandryk, political columnist for the Regina Leader-Post on the Opinion Page this week. You're listening to TALK OF THE NATION from NPR News. There was another point mentioned there, and that is this oil would be refined on the Texas Gulf Coast and, a lot of people say, then shipped to export to other countries. It would not go ultimately to the American market.

MANDRYK: Well, that's quite possible. That - your - I'm venturing out of my area of expertise in relation to this. Generally speaking, in Canada we see the oil being exported for - to U.S. for domestic use and domestic consumption. And certainly, you have a market for it. The tar sands as it's called or the oil sands is - I think they prefer to call it for politically correct reasons of being the product more saleable - is a vast resource that actually has great potential in terms of our fossil fuel needs going forward in the future. And I guess there's an interesting question from the Canadian perspective, is that why would be shipping it from that distance when we could probably refine all of it here.

CONAN: Well, that's what Gavin(ph) asks in an email from Norman, Oklahoma: It makes sense, on a lot of levels, your guest says. Why does the oil need to be processed 1,700 miles from where it's extracted?

MANDRYK: Well, you have to understand Canadians sometimes. I think some days I think we just would rather ship raw products and raw resources than refine them ourselves. And it's a century's old frustration for western Canadians who have long been viewed as the hewers of wood and drawers of water, compared with our eastern counterparts. And it's certainly a longstanding frustration, but the fact of the matter is one of the reasons why we do it this way, it's just more economically efficient.

If you have the refineries near New Orleans and the Gulf Coast of Texas, and they're existing and they met the environmental approval in those particular jurisdictions, it's more cost efficient than building them up here. Sometimes, we face with the reality of something like Hurricane Katrina that comes along that not only shuts down, basically, your oil production but ours as well. So there are deep considerations here to be made, but this is somewhat the longstanding nature of Canada that's basically been - always deemed itself a bit more of a supplier of raw material than manufacturing. A lot of it has to do with our population base and our inability to do things like this cheaply to go in our climate.

CONAN: Murray Mandryk, thanks very much for your time today.

MANDRYK: You're very welcome.

CONAN: Murray Mandryk, political columnist for the Regina Leader-Post, with us from CBC studios in Regina. You could find a link to his column at npr.org, click on TALK OF THE NATION. Tomorrow, 10 years after the sex abuse scandal rocked the Catholic Church, what's changed? Join us for that. This is the TALK OF THE NATION from NPR News. I'm Neal Conan in Washington.

Copyright ? 2012 National Public Radio?. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to National Public Radio. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Source: http://www.npr.org/2012/01/23/145650779/-op-ed-canada-must-change-xl-pipeline-debate?ft=1&f=1007

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Monday, January 23, 2012

Gingrich storms to SC victory, scrambling GOP race (AP)

COLUMBIA, S.C. ? Former House Speaker Newt Gingrich stormed to an upset victory in the South Carolina primary Saturday night, dealing a sharp setback to former front-runner Mitt Romney and abruptly scrambling the race for the Republican presidential nomination.

In victory, Gingrich praised his Republican rivals and attacked President Barack Obama and "elites in New York and Washington."

Obama is "the most effective food stamp president in history," he said. "I would like to be the best paycheck president in American history." Those declarations and his attack on the "elite news media" reprised two of his more memorable lines from a pair of debates that helped fuel his victory.

Exit polls showed he led among voters who said their top priority was picking a candidate who could beat Obama ? a group that had preferred Romney in earlier contests in Iowa and New Hampshire.

Romney, the national front-runner until now, was unbowed. He vowed to contest for every vote "in every state," an acknowledgement that the race would likely be a long one. He also unleashed a double-barreled attack on Obama and Gingrich.

Referring to Gingrich's criticism of his business experience, Romney said, "When my opponents attack success and free enterprise, they're not only attacking me, they're attacking every person who dreams of a better future. He's attacking you," he told supporters, the closest he came to mentioning the primary winner's name.

Returns from 95 percent of the state's precincts showed Gingrich with 41 percent of the vote to 27 percent for Romney. Former Pennsylvania Sen. Rick Santorum was winning 17 percent, Texas Rep. Ron Paul 13 percent.

As the first Southern primary, South Carolina has been a proving ground for Republican presidential hopefuls in recent years. Since Ronald Reagan in 1980, every Republican contender who won the primary has gone on to capture the party's nomination.

Nearly 600,000 voters turned out, according to an AP estimate. That eclipses the previous record turnout for the primary in 2000, when George W. Bush defeated John McCain

Based on the vote total, Gingrich won at least 15 of the 25 Republican National Convention delegates at stake and none of the other contenders was yet assured of any.

But political momentum was the real prize with the race to pick an opponent to Obama still in its early stages.

Already, Romney and a group that supports him were on the air in Florida with a significant television ad campaign, more than $7 million combined to date.

Gingrich readily conceded that he trails in money, and even before appearing for his victory speech he tweeted supporters thanking them and appealing for a flood of donations for the Jan 31 primary. "Help me deliver the knockout punch in Florida. Join our Moneybomb and donate now," said his tweet.

Aides to the former Massachusetts governor had once dared hope that Florida would seal his nomination ? if South Carolina didn't first ? but that strategy appeared to vanish along with the once-formidable lead he held in pre-primary polls.

Romney swept into South Carolina 11 days ago as the favorite after being pronounced the winner of the lead-off Iowa caucuses, then cruising to victory in New Hampshire's first-in-the-nation primary.

But in the sometimes-surreal week that followed, he was stripped of his Iowa triumph ? GOP officials there now say Santorum narrowly won ? while former Utah Gov. Jon Huntsman dropped out and endorsed Romney and Texas Gov. Rick Perry quit and backed Gingrich.

Romney responded awkwardly to questions about releasing his income tax returns, and about his investments in the Cayman Islands. Gingrich, the former speaker of the House, benefited from two well-received debate performances while grappling with allegations by an ex-wife that he had once asked her for an open marriage so he could keep his mistress.

By primary eve, Romney was speculating openly about a lengthy battle for the nomination rather than the quick knockout that had seemed within his grasp only days earlier.

Exit polling showed Gingrich, the former House speaker, leading by a wide margin among the state's heavy population of conservatives, tea party supporters and born-again Christians.

In a state with 9.9 percent unemployment, about 80 percent of all voters said they were very worried about the direction of the economy. Gingrich's edge over Romney among that group tracked the overall totals closely, the former speaker winning 42 percent and the runner-up 28.

The exit poll was conducted for The Associated Press and the television networks by Edison Research as voters left polls at 35 randomly selected sites. The survey involved interviews with 2,381 voters and had a margin of sampling error of plus or minus 3 percentage points.

Santorum vowed to continue, although his weak third place finish could well portend financial difficulty for a campaign that has never been flush with cash. It's a wide-open race. Join the fight" he urged supporters at a rally in Charleston.

Paul had his worst finish of the year, and isn't expected to make a strong effort in Florida. Even so, he said to supporters, "Keep fighting." He has said he intends to focus his efforts on caucus contests in Nevada on Feb. 4 and Missouri several days later.

Santorum, a former Pennsylvania senator, pinned his South Carolina hopes on a heavy turnout in parts of the state with large concentrations of social conservatives, the voters who carried him to his surprisingly strong showing in Iowa.

Paul had a modest campaign presence here after finishing third in Iowa and second in New Hampshire. His call to withdraw U.S. troops from around the world was a tough sell in a state dotted with military installations and home to many veterans.

Romney's stumbles began even before his New Hampshire primary victory, when he told one audience that he had worried earlier in his career about the possibility of being laid off.

He gave a somewhat rambling, noncommittal response in a debate in Myrtle Beach last Monday when asked if he would release his tax returns before the primary. The following day, he told reporters that because most of his earnings come from investments, he paid about 15 percent of his income in taxes, roughly half the rate paid by millions of middle-class wage-earners. A day later, aides confirmed that some of his millions are invested in the Cayman Islands, although they said he did not use the offshore accounts as a tax haven.

Asked again at a debate in North Charleston on Thursday about releasing his taxes, his answer was anything but succinct and the audience appeared to boo.

Gingrich benefited from a shift in strategy that recalled his approach when he briefly soared to the top of the polls in Iowa. At mid-week he began airing a television commercial that dropped all references to Romney and his other rivals, and contended that he was the only Republican who could defeat Obama.

It featured several seconds from the first debate in which the audience cheered as he accused Obama of having put more Americans on food stamps than any other president.

Nor did Gingrich flinch when ex-wife Marianne said in an interview on ABC that he had been unfaithful for years before their divorce in 1999, and asked him for an open marriage.

Asked about the accusation in the opening moments of the second debate of the week, he unleashed an attack on ABC and debate host CNN and accused the "liberal news media" of trying to help Obama by attacking Republicans. His ex-wife's account, he said, was untrue.

___

Associated Press writers Shannon McCaffrey, Kasie Hunt and Beth Fouhy contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120122/ap_on_go_ot/us_gop_campaign

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Investing in beaten-down market sectors could be good bet in 2012 ...

Investors placing their bets for 2012 are faced with the classic dilemma. Stick with market sectors that performed best last year, or search for value in beaten-down names?

The question is especially tricky considering that 2011 was a turbulent ride of mixed economic news at home, worse news abroad and painful sell-offs that tested even seasoned traders. Investors? reaction was textbook ? dive into stock mutual funds stuffed with big, dividend-paying companies known for relative stability in good times and bad.

That meant top-performing funds focused on utilities, consumer staples and health care companies. On the other hand, mutual funds heavy on financial stocks were among the worst, sideswiped by Standard & Poor?s downgrade of the U.S. credit rating and continued financial turmoil in Europe.

With the U.S. economy showing more signs of strength, now might be a good time to move some money into depressed sectors.

But is that strategy a good policy for personal investing in 2012? Here?s a look at the sectors that analysts are watching:

Financials flop ? Mutual funds that focus on banks and brokerages are certainly trading at prices well below a year ago, but many analysts are not yet ready to jump in.

The S&P 500 financials were crushed in 2011, falling 18 percent amid Europe?s tumult and lingering trouble in the battered real estate industry. Not surprisingly, mutual funds that are heavy in financials got battered last year. Analysts say the banking industry remains under pressure, especially with no sign that the European debt crisis is ready to let up. There are a number of reasons to be concerned about the sector.

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?You?ve got other factors, like regulation, Dodd-Frank, that are crimping the way large banks do business,? said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. He also pointed out that low interest rates hamper the sector.

Defensive moves ? With the state of the global economy in doubt, as it was for much of 2011, investors flocked to defensive stocks, companies that produce things people buy whether or not the economy is thriving. Utilities were the top-performing sector in the S&P 500. Consumer staples jumped 10.5 percent.

Many of the year?s top-performing funds focused on the utilities sector, including top-ranked ProFunds Utilities UltraSector, which returned nearly 26 percent. But some experts say defensive sectors such as utilities and consumer staples now are a little too expensive.

Health care stocks remain promising despite last year?s run-up, several analysts said. That?s because even after a 10 percent gain for the S&P health care stocks in 2011, the sector is still far below historic highs. And even with uncertainty in Washington about the future of health care, an aging population will increasingly need medical care.

Technology boost ? An anticipated jump in business spending may make technology ? a flat sector last year ? a good bet in 2012.

Since the financial crisis in 2008, corporations across the globe dialed back spending and instead sat on their cash. This might be exactly the time when companies begin to replace aging computers and other technology, especially with the U.S. economy looking a bit brighter. Tech stocks in the S&P 500 inched up just 1.3 percent overall in 2011.

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Source: http://www.sltrib.com/sltrib/money/53336362-79/investors-percent-sectors-care.html.csp

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Sunday, January 22, 2012

Alesis Vortex brings back the Keytar, piano-neck tie, songs on MTV forthcoming

The guit-board is clearly the finest instrument to grace stadiums of decades past, but despite the innate bad-assery of the instrument, it faded into ironic-hipster use like the Eigenharp and Tenori-On. Fortunately, the geniuses at Alesis refused to let it pass into obscurity, releasing the Vortex in an attempt to propel the shoulder-slung keyboard into the stratosphere. Whilst plenty of body-mounted keyboards are available (Roland's AX-09 springs to mind) on the market, these guys went with 1985-grade body styling and a neck that you wish Steve Pocaro would rock out on (he never did, tragically). The MIDI/USB controller comes with 37 touch sensitive keys, velocity sensitive pads, octave and pitch wheels along that glorious neck. Hook it up to a Mac or PC and it'll draw power from the bus, connect it to any iOS device (USB adapter required) and you'll need to bring batteries. There's an MRSP of $400, but the company lists the expected "street price" at $250 -- if it's closer to the latter, we'll pick up a pair for the Engadget-street band's next world tour.

Continue reading Alesis Vortex brings back the Keytar, piano-neck tie, songs on MTV forthcoming

Alesis Vortex brings back the Keytar, piano-neck tie, songs on MTV forthcoming originally appeared on Engadget on Thu, 19 Jan 2012 23:54:00 EDT. Please see our terms for use of feeds.

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