Wednesday, January 30, 2013

Cyprus reprints election ballots in Guinness flap

NICOSIA, Cyprus (AP) ? Cyprus has been forced to reprint all 575,000 ballot slips for next month's presidential election after Guinness World Records objected to a candidate's use of its logo, officials said Wednesday.

The government will ask Andreas Efstratiou to pay at least ?15,000 ($20,000) to cover reprinting costs, election commission official Demetris Demetriou told state-run Cyprus News Agency.

Demetriou said Guinness had initially permitted Efstratiou to use the logo in his second presidential run in 2008. Efstratiou, who runs a bridal wear shop, earned a Guinness Book of World Records entry for creating the longest wedding gown train at 1,362 meters (4,468 feet) in 2007. He no longer holds the record, which now belongs to Lichel van den Ende of the Netherlands for a 2,488-meter (8,164-foot) train.

But Guinness told Efstratiou to stop using the logo in 2011 and complained to Cypriot authorities when it recently found out that he had used it again.

Efstratiou said he thought Guinness was being unfair, saying he believes he still can be called a record-holder despite not holding the current title.

"I've used this logo before several times," he told The Associated Press. "I can use it since I'm a record-holder, I've got the paperwork to prove it.

"If an athlete wins a medal at the Olympics, do they take it back?"

He added that his supporters are upset and that he would talk to his lawyer to see what action could be taken.

Efstratiou has run for president twice before in 2003 and 2008, winning less than 1,000 votes in each vote. Cyprus has a population of around 900,000.

Source: http://news.yahoo.com/cyprus-reprints-election-ballots-guinness-flap-142319879.html

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LaHood Leaves, another vacancy in Obama Cabinet

In this Jan. 11, 2013 photo, Transportation Secretary Raymond LaHood speaks during a news conference at the Transportation Department in Washington, discussing a comprehensive review of Boeing 787 critical systems, including the design, manufacture and assembly. LaHood, the only Republican member of President Barack Obama's first-term Cabinet, says he plans to leave the Obama administration. (AP Photo/Susan Walsh)

In this Jan. 11, 2013 photo, Transportation Secretary Raymond LaHood speaks during a news conference at the Transportation Department in Washington, discussing a comprehensive review of Boeing 787 critical systems, including the design, manufacture and assembly. LaHood, the only Republican member of President Barack Obama's first-term Cabinet, says he plans to leave the Obama administration. (AP Photo/Susan Walsh)

(AP) ? Transportation Secretary Ray LaHood, who lifted the profile of distracted driving as a national safety concern, is stepping down, presenting President Barack Obama with another Cabinet vacancy at the start of his second term.

The former congressman from Illinois and one of only two Republicans who served in Obama's Cabinet, LaHood worked for more safety in the air and on the ground and pushed for improvements of roads and bridges. Under his watch, the department demanded tougher fuel efficiency requirements for automakers and took steps to address airline pilot fatigue.

Obama, who at one point served with LaHood in the Illinois congressional delegation, said they were "drawn together by a shared belief that those of us in public service owe an allegiance not to party or faction, but to the people we were elected to represent. And Ray has never wavered in that belief."

LaHood, 67, said in an interview with The Associated Press that he told Obama a week after the November election that he needed to move on. But he also said he was still "conflicted" by his decision because he liked working for the president and considered it the "best job I've ever had in public service."

He said he plans to remain at the department until his successor is confirmed by the Senate, which he expects in about two months. The only other Republican who was in Obama's first-term Cabinet was Defense Secretary Robert Gates, who stepped aside and was replaced by Democrat Leon Panetta earlier.

LaHood, who once considered likely to run for governor in his home state, said he would not seek public office and indicated he didn't have any specific plans.

"I have had a good run. I'm one of these people who believe that you should go out while they're applauding," he said. LaHood said he was content to watch from the sidelines as his oldest son, Darin, serves in the Illinois state senate.

His move continues an exodus that will give Obama's team a new look in his second term. Secretary of State Hillary Rodham Clinton, Panetta and Treasury Secretary Timothy Geithner are departing and in addition to LaHood, the heads of the Interior and Labor departments also have announced their resignations. Obama has nominated former Nebraska Sen. Chuck Hagel, a Republican, to serve as defense secretary to succeed Panetta.

Possible replacements for LaHood include Los Angeles Mayor Antonio Villaraigosa, who has pushed for increased rail service in Los Angeles and served as chairman of last year's Democratic National Convention, and Debbie Hersman, the chairman of the National Transportation Safety Board. The name of former Rep. Jim Oberstar of Minnesota, who led the House Transportation and Infrastructure Committee, has also been mentioned.

LaHood served seven terms in Congress representing a central Illinois district that includes his hometown of Peoria, Ill., before he was chosen by Obama for the post. He traveled widely, visiting 49 states, 210 cities and 18 countries promoting Obama's agenda. He made trips that allowed him to ride some of the world's fastest trains and inspect the latest vehicles at auto shows.

In Washington, he would occasionally don a bicycle helmet and pedal around the District to promote bike lanes.

At the start of the new administration, LaHood spearheaded efforts to stimulate the economy through transportation construction projects and promoted the administration's vision of a nation connected by high-speed trains. But the high-speed rail program, which was supposed to be one of the president's signature projects, has been on life-support since Republicans regained control of the House in the 2010 election.

The department struggled with how to pay for the repair and improvement of the nation's aging transportation network and eventually reached a compromise with Congress last year on a more limited, scaled-back 2-year plan that gives states more flexibility in how they spend federal money.

Perhaps LaHood's most passionate work involved distracted driving, which he called a "national epidemic." He launched a national media campaign to end texting and cellphone use by drivers, an awareness campaign that drew comparisons to efforts to promote seat belt use more than a generation ago. He buttonholed auto executives to help reduce driver distraction and would even yell at other drivers on occasion to put down their cellphones.

"Every time someone takes their focus off the road ? even if it's just for a moment ? they put their lives and the lives of others in danger," he said in 2010.

During his tenure he slapped Toyota Motor Co. with record fines for delaying safety recalls and failing to promptly report problems to federal regulators. And he recently ordered United Airlines to ground its Boeing 787 Dreamliner following mishaps with the aircraft's batteries.

___

Associated Press writer Joan Lowy contributed to this report.

___

Follow Ken Thomas at: http://twitter.com/AP_Ken_Thomas

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-01-29-Obama-Transportation%20Secretary/id-9efbb5798e2b4339b7c4c37c5e95e801

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Tuesday, January 29, 2013

Is Obama about to blow his climate credentials?

The US president could be poised to approve the doubling of imports of tar sands oil, one of the filthiest fuels on Earth

FACED with rising anger from environmentalists last year over his plans for a transcontinental pipeline to deliver treacly Canadian tar sands to Texas oil refineries on the Gulf of Mexico, the CEO of TransCanada, Russ Girling, expressed surprise. After all, his company had laid 300,000 kilometres of such pipes across North America. "The pipeline is routine. Something we do every day," he told Canadian journalists.

But that's the point. It is routine. The oil industry does do it every day. And if it carries on, it will wreck the world.

We need not rely on climate-changing fossil fuels. Alternative energy technologies are available. But fossil fuels, and the pipelines and other 20th-century infrastructure that underpin them, have created what John Schellnhuber, director of Germany's Potsdam Institute for Climate Impact Research, describes in a new paper as "lock-in dominance" (PNAS, DOI: 10.1073/pnas.1219791110). Even though we know how harmful it is, the "largest business on Earth" has ossified and is proving immovable, he says.

The question is how to break the lock and let in alternatives. Schellnhuber, a wily and worldly climate scientist, has an idea, to which I will return. But first the tar-sands pipeline, known as Keystone XL in the parlance of outsize clothing. Proponents say it would create jobs and improve US energy security. But for environmentalists in the US, the decision - due any time - on whether it should go ahead is a touchstone for Barack Obama's willingness to confront climate change in his second term.

Superficially, Keystone XL doesn't look like a huge deal. Since 2010, there has been a cross-border pipe bringing oil from tar sands in northern Alberta to the US Midwest. But this second link would double capacity and deliver oil to the refineries of the Gulf for global export. It looks like the key to a planned doubling of output from one of the world's largest deposits of one of the world's dirtiest fuels. And because the pipe would cross the US border, it requires state department and presidential sign-off.

Environmentalists are up in arms. They fear leaks. No matter what its sponsors suggest, this is no ordinary pipeline. The tar-sands oil - essentially diluted bitumen - is more acidic than regular oil and contains more sediment and moves at higher pressures. Critics say it risks corroding and grinding away the insides of the pipes. The US National Academy of Sciences has just begun a study on this, but its findings will probably be too late to influence Obama.

If there is a leak, clean-up will be difficult, as shown by the messy, protracted and acrimonious attempt to cleanse the Kalamazoo river in Michigan after tar-sands oil oozed into it in 2010.

To make matters worse, the pipeline would cross almost the entire length of the Ogallala aquifer, one of the world's largest underground water reserves, from South Dakota to Texas. Ogallala is a lifeline for the dust-bowl states of the Midwest. While TransCanada has agreed to bypass the ecologically important Sand Hills of Nebraska, where the water table is only 6 metres below the surface in places, a big unseen spill could still be disastrous.

Climate change is still the biggest deal. Extracting and processing tar sands creates a carbon footprint three times that of conventional crude. Obama would rightly lose all environmental credibility if he were to approve a scheme to double his country's imports of this fossil-fuel basket case. Yet he may do it. Why? Because of fossil-fuel lock-in. Changing course is hard. Really hard.

Part of the reason for the lock-in is the vast infrastructure dedicated to sustaining the supply of coal, oil and gas. There is no better symbol of that than a new pipeline. Partly it is political. Nobody has more political muscle than the fossil fuel industry, especially in Washington. And partly it is commercial. As Schellnhuber puts it: "Heavy investments in fossil fuels have led to big profits for shareholders, which in turn leads to greater investments in technologies that have proven to be profitable."

The result is domination by an outdated energy system that stifles alternatives. The potential for a renewable energy revolution is often compared to that of the IT revolution 30 years ago. But IT had little to fight except armies of clerks. Schellnhuber compares this lock-in to the synapses of an ageing human brain so exposed to repetitious thought that it "becomes addicted to specific observations and impressions to the exclusion of alternatives". Or, as Girling puts it, new pipelines become "routine".

What might free us from this addiction? With politicians weak, an obvious answer is to hold companies more financially accountable for environmental damage, including climate change. But Schellnhuber says this won't be enough unless individual shareholders become personally liable, too.

Here, he says, the problem is the public limited company (PLC), or publicly traded company in the US, which insulates shareholders from the consequences of decisions taken in their name. Even if their company goes bankrupt with huge debts, all they lose is the value of their shares. The PLC was invented to promote risk-taking in business. But it can also be an environmental menace, massively reducing incentives for industries to clean up their acts.

"If shareholders were held liable," he says, "then next time they might consider the risk before investing or reinvesting." More importantly, it could prevent us being locked into 20th century technologies that are quite incapable of solving 21st century problems. Fat chance, many might say. But just maybe Keystone XL and its uncanny ability to draw global attention will help catalyse growing anger at the environmental immunity of corporate shareholders.

Fred Pearce is a consultant on environmental issues for New Scientist

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The interface is the message

The Internet needed a friendly face to become usher in the digital revolution. The browser, which launched 20 years ago this spring, was that face. Today's interface of choice, the app, has launched a second revolution.

By John Yemma,?Editor / January 27, 2013

A fan used her tablet to shoot a picture of tennis pro Andy Murray after a match in Brisbane, Australia, Jan. 6.

Daniel Munoz/Reuters

Enlarge

his year marks the 20th anniversary of the launch of the Mosaic 1.0 Web browser. For all the revolutionary disruption caused by the Internet, it was Mosaic that turned the underlying technology into the world?s instantly available library, social crossroads, and?e-commerce marketplace.

Skip to next paragraph John Yemma

Editor, The Christian Science Monitor

John Yemma is Editor of The Christian Science Monitor, which publishes international news and analysis at?CSMonitor.com, in the?Monitor Weekly?newsmagazine, and in an email-delivered?Daily News Briefing. He can be reached at editor@csmonitor.com.

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Mosaic was the work of a group of computer science students at the University of Illinois at Urbana-Champaign led by Marc Andreessen, who later went on to cofound Netscape and had a hand in Ning, Twitter, and Facebook. Riding on the shoulders of Tim Berners-Lee?s invention of the World Wide Web two years earlier ? which, in turn, rode on the shoulders of the thousands of scientists, engineers, government planners, and businesspeople who built the underlying Internet ? Mosaic democratized the digital life. It was simple and obvious. Two decades on, it doesn?t look very different from Chrome, Safari, or other modern browsers. Mosaic made the browser a household appliance.?

The browser changed the Internet and is not going away anytime soon. But mobile applications are the interface of the moment. Apps exploded in use because of smart phones and tablets. As Chris Gaylord explains in a Monitor cover story, apps go browsers one better: They connect the digital and tactile worlds.

You can navigate with them ? find restaurants, snap photos and record videos, share with friends. Everyone who uses a smart phone or tablet has a few go-to apps. My current favorites include Flipboard, Zite, and, of course, the Monitor Weekly app (admittedly, the first-generation app we have is buggy and clunky; a new and better version is on the way). I was briefly a passable talent with the Doodle Jump app. I?ve played Words With Friends. I was once household champion at Angry Birds.?

My app interest has settled down as the novelty of my iPhone and iPad has worn off. I now find myself relying on apps for practical things ? the alarm clock app every morning, the oven timer app most evenings. I used the compass app recently to orient a weather vane. But day in and day out, the app I use most (don?t yawn) is the flashlight. It has just enough light to help me spot the tennis ball my dogs lose every night under the kitchen counter.?

The flashlight app is what any good interface should be ? simple, obvious, and helpful in the real world.

* * *

While we?re on the subject of things digital: The inner workings of the Internet era are more complex than those of the Gutenberg era. Take, for instance, advertising, which is a key way we support the continuation of Monitor journalism.?

Online advertising comes to CSMonitor.com in two distinct ways. One is through a direct sale by our advertising department. The rest flies in automatically from providers such as Google Ad Exchange. Our advertising staff checks off in advance categories we don?t want ? alcohol, tobacco, pharmaceuticals, etc. Occasionally, an inappropriate ad slips through. We appreciate it when we hear from readers who see them (you can click the "About these ads" link below any ad on our site). And we quickly adjust our filters.

Some readers have complained about political ads. We hope you?ll be tolerant when these don?t fit your point of view. We monitor them to ensure they don?t engage in ad hominem attacks or fan the flames of intolerance.?

By taking ads from both sides, we think we are providing balance. And we trust our readers to decide for themselves.

John Yemma is editor of The Monitor.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/FjIAoLfkGk0/The-interface-is-the-message

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Brazil detains band, club owners after deadly nightclub fire

SANTA MARIA, Brazil (Reuters) - Brazilian police investigating a nightclub fire that killed 231 people detained on Monday the owners of the club and two band members whose pyrotechnics show authorities say triggered the blaze.

No charges were filed against the four men, but prosecutors said they could be held for up to five days as police press them for clues as to how the fire early Sunday morning could have caused so many deaths.

Stunned residents in the southern city of Santa Maria attended a marathon of funerals beginning in the pre-dawn hours. After sunset, thousands joined a procession through the streets of the city, dressed in white and wearing black arm bands.

Some mourners demanded answers about the safety measures at the nightclub, where hundreds were trapped after the ceiling became engulfed in flames.

"Why the regulations? Why pay taxes? What is the government doing?" read a banner carried by university students who had lost friends in the fire.

The tragedy comes as Brazil prepares to host the 2014 World Cup soccer tournament and 2016 Olympics, putting its safety standards and emergency response capabilities in the international spotlight.

President Dilma Rousseff, who cut short a visit to Chile to fly to the scene of the disaster on Sunday, called for a minute of silence before addressing a meeting of newly elected mayors in the capital, Brasilia.

"The pain I saw in Santa Maria was indescribable," Rousseff said. "Faced with this tragedy, it is our duty to make sure it never happens again."

Most of the dead were suffocated by toxic fumes that rapidly filled the Kiss nightclub after the band set off a flare at about 2:30 a.m. on Sunday, authorities said.

The club's operating license was under review for renewal after expiring last year. Witnesses said bouncers initially blocked the only functioning exit because they believed fleeing customers were trying to skip out on their bar tabs.

Tarso Genro, governor of the prosperous southern state of Rio Grande do Sul where the disaster occurred, said authorities had shifted their focus from rescue and taking care of the wounded to investigating the scene.

"We're going to find out who was responsible," he vowed.

The death toll was revised down to 231 from 233 as officials said some names had been counted twice. By Monday night, 129 people were still hospitalized, 76 of them in serious condition, according to state health services.

Mourning throughout Brazil was mixed with frustration at a culture of lax regulation blamed for putting lives at risk.

"So many young ones with all of their lives ahead of them," Brazilian soccer legend Pele wrote on Twitter. "The government has to make a priority of event security in this country!"

SAFETY ENFORCEMENT UNEVEN

Relatives and friends of the dead demanded accountability, signaling the start of a wave of police probes, lawsuits and recriminations that could drag on for months or even years.

Based on testimony from more than 20 witnesses, investigators are now certain that the band's pyrotechnics show triggered the blaze, police official Sandro Meinerz said.

"I really didn't like those fireworks. The smell made me nauseous," the band's guitarist, Rodrigo Lemos Martins, told television network Globo in a joint interview with the drummer. "But we were just hired by the band, so it was the owners who were in charge."

The band's accordion player, Danilo Jaques, 30, was among those killed, but the other five members survived. The band's vocalist and production engineer were detained by police investigating who was responsible for firing the flare, according to Brazilian media.

It seems certain others will share the blame for Brazil's second-deadliest fire ever. The use of a flare inside the club was a clear breach of safety regulations, fire officials said.

Some details may never be known. Meinerz said the club owner told authorities that the club's internal video surveillance system had stopped working three months ago.

Clubs and restaurants in Brazil are generally subject to a web of overlapping safety regulations, but enforcement is uneven and owners sometimes pay bribes to continue operating.

The investigation of the Kiss fire could drag on for years. After a similar fire at an Argentine nightclub in 2004 killed 194 people, more than six years passed before a court found members of a band criminally responsible for starting the blaze and causing the deaths.

That tragedy also provoked a massive backlash against politicians and led to the removal of the mayor of Buenos Aires.

Civil lawsuits stemming from the Brazil fire are likely to be directed at the government because the owners of the nightclub probably don't have much money, said Claudio Castello de Campos, a Brazilian lawyer who has handled big cases including the crash of a TAM Airlines jet in Sao Paulo in 2007.

Castello de Campos disputed some statements by local officials that the Kiss nightclub could have continued operating legally while it waited for its license to be renewed. "If the license was expired, that's an irregular situation," he said.

Valdeci Oliveira, a legislator in Rio Grande do Sul state, said he and his colleagues would seek to ban pyrotechnics displays in closed spaces such as nightclubs.

"It won't bring anybody back, but we're going to introduce the bill," Oliveira said on his Twitter feed.

The Brazil fire is the worst to hit an entertainment venue since a fire on Christmas Day in 2000 engulfed a mall in Luoyang, China, killing 309 people.

(Additional reporting by Eduardo Sim?es in Sao Paulo and Anthony Boadle in Brasilia; Writing by Brian Winter and Brad Haynes; Editing by Todd Benson, Kieran Murray and Eric Beech)

Source: http://news.yahoo.com/brazil-detains-band-club-owners-deadly-nightclub-fire-021519519.html

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Sarah Herndon: Michael Phelps' New Girlfriend?

Source: http://www.thehollywoodgossip.com/2013/01/sarah-herndon-michael-phelps-new-girlfriend/

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Monday, January 28, 2013

Dutch Queen Beatrix abdicates her throne

THE HAGUE, Netherlands (AP) ? Dutch Queen Beatrix announced Monday that she will abdicate on April 30 after 33 years as head of state, clearing the way for her eldest son, Crown Prince Willem-Alexander, to become the nation's first king in more than a century.

The announcement, in a nationally televised speech, signaled an end to the reign of one of Europe's longest-serving monarchs, whose time on the throne was marked by tumultuous shifts in Dutch society and, more recently, by personal tragedy.

The queen's abdication from the largely ceremonial role had been widely expected, but it is sure to bring an outpouring of sentimental and patriotic feelings among the Dutch, most of whom adore Beatrix. In everyday conversation, many of her subjects refer to her simply by the nickname "Bea."

"Responsibility for our country must now lie in the hands of a new generation," Beatrix said in the speech delivered from her Huis ten Bosch palace just days before she was to turn 75.

"I am deeply grateful for the great faith you have shown in me in the many years that I could be your Queen," she added.

Prime Minister Mark Rutte, a staunch monarchist, paid his respects in a speech that immediately followed Beatrix on all Dutch television channels.

"Since her coronation in 1980s she's applied herself heart and soul for Dutch society," Rutte said.

The timing of the announcement makes sense at multiple levels. It comes just days before Beatrix's birthday, and she is already the oldest ever Dutch monarch: the pragmatic Dutch do not see being king or queen as a job for life. The nation also celebrates the 200th anniversary of its monarchy, the House of Orange, at the end of this year, Beatrix said.

Observers believe she remained on the throne for so long in part because of unrest in Dutch society as the country struggled to assimilate more and more immigrants, mainly Muslims from North Africa, and shifted away from its traditional reputation as one of the world's most tolerant nations.

In her Christmas Day speech in 2010, Beatrix made a heartfelt plea for unity, saying, "with each other we all make up one society."

Beatrix was also thought to be giving time for her son to enjoy fatherhood before becoming King Willem-Alexander: he has three young daughters with Argentine investment banker Maxima Zorreguieta.

Beatrix has frequently said that the best years of her life were her time as a young mother, before her coronation in 1980.

The abdication also comes at a time of trial for Beatrix. This time a year ago she was struck by personal tragedy when the second of her three sons, Prince Friso, was left in a coma after being engulfed by an avalanche while skiing in Austria.

And even in a job that is mostly ceremonial to begin with, the previous government stripped her of one of her few remaining powers: the ability to name a candidate to begin Cabinet formations after elections of the national parliament.

Meanwhile Willem-Alexander, 45, is prepared to assume the job.

He is a trained pilot and expert in the quintessentially Dutch field of water management who has long been groomed for the throne, often joining Beatrix on state visits and sometimes even flying her home.

Willem-Alexander, a member of the International Olympic Committee, courted controversy with his choice to marry Maxima, whose father was an agriculture minister in the military junta that ruled Argentina with an iron fist in the late 1970s and early '80s.

Beatrix's choice of husband, Claus, who died in 2002, was met with resistance in 1966 because he was a German national and the Nazis' World War II occupation of the Netherlands was still an open wound for many who lived through it. But, like Maxima, he won the hearts of his adopted nation and there was a huge outpouring of grief at his death.

Beatrix's reign began in difficult economic times and there were riots in Amsterdam at her coronation, as thousands of demonstrators protesting the city's housing shortages fought pitched battles with police just a few hundred meters (yards) from the downtown palace where she was crowned.

But throughout her reign she was a calming influence on society, particularly in the aftermath of the 2002 assassination of populist politician Pim Fortuyn and the murder two years later of filmmaker Theo van Gogh by a Muslim extremist.

Although she was widely respected for her unpretentious style, it took Beatrix much of her reign to attain the admiration and popularity of her late mother, former Queen Juliana, who was more openly loving toward her people.

But in recent years, personal tragedies exposed a softer side to the queen and brought her closer to her subjects.

Klaus's death took a toll on her, and it was apparent how deep her reliance on the quiet man had been: she was filmed leaning heavily, almost hanging on Prince Friso's arm as they entered the church for his funeral.

In another blow, a deranged loner tried to slam a car into an open-topped bus carrying members of the royal family as they celebrated the Queens Day national holiday in 2010. The driver killed seven people gathered to watch the royals and the brazen attack shocked the nation.

Then, in 2012, Prince Friso ? who had been such a support after Klaus's death ? was engulfed by an avalanche as he skied, plunging him into a coma from which he has yet to wake.

Beatrix went back to her busy official schedule soon after the accident, but it again spurred speculation that her reign could be nearing its end.

____

Associated Press writer Toby Sterling contributed from Amsterdam.

Source: http://news.yahoo.com/dutch-queen-beatrix-announces-she-abdicate-181316716.html

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Obama: Tough call on letting a son play football

(AP) ? President Barack Obama is a big football fan with two daughters, but if he had a son, he says he'd "have to think long and hard" before letting him play because of the physical toll the game takes.

"I think that those of us who love the sport are going to have to wrestle with the fact that it will probably change gradually to try to reduce some of the violence," Obama tells The New Republic.

"In some cases, that may make it a little bit less exciting, but it will be a whole lot better for the players, and those of us who are fans maybe won't have to examine our consciences quite as much."

In an interview in the magazine's Feb. 11 issue, Obama said he worries more about college players than he does about those in the NFL.

"The NFL players have a union, they're grown men, they can make some of these decisions on their own, and most of them are well-compensated for the violence they do to their bodies," Obama said. "You read some of these stories about college players who undergo some of these same problems with concussions and so forth and then have nothing to fall back on. That's something that I'd like to see the NCAA think about."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-01-27-US-Obama-Football/id-efce4332b2b74f989f55a31703f7e124

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Senators reach deal on immigration overhaul

WASHINGTON (AP) ? A bipartisan group of leading senators has reached agreement on the principles of sweeping legislation to rewrite the nation's immigration laws.

The deal, which was to be announced at a news conference Monday afternoon, covers border security, guest workers and employer verification, as well as a path to citizenship for the 11 million illegal immigrants already in this country.

Although thorny details remain to be negotiated and success is far from certain, the development heralds the start of what could be the most significant effort in years toward overhauling the nation's inefficient patchwork of immigration laws.

President Barack Obama also is committed to enacting comprehensive immigration legislation and will travel to Nevada on Tuesday to lay out his vision, which is expected to overlap in important ways with the Senate effort.

The eight senators expected to endorse the new principles Monday are Democrats Charles Schumer of New York, Dick Durbin of Illinois, Robert Menendez of New Jersey and Michael Bennet of Colorado; and Republicans John McCain of Arizona, Lindsey Graham of South Carolina, Marco Rubio of Florida and Jeff Flake of Arizona.

Several of these lawmakers have worked for years on the issue. McCain collaborated with the late Democratic Sen. Edward M. Kennedy on comprehensive immigration legislation pushed by then-President George W. Bush in 2007, only to see it collapse in the Senate when it couldn't get enough GOP support.

Now, with some Republicans chastened by the November elections which demonstrated the importance of Latino voters and their increasing commitment to Democrats, some in the GOP say this time will be different.

"What's changed, honestly, is that there is a new, I think, appreciation on both sides of the aisle ? including maybe more importantly on the Republican side of the aisle ? that we have to enact a comprehensive immigration reform bill," McCain said Sunday on ABC's "This Week."

"I think the time is right," McCain said.

The group claims a notable newcomer in Rubio, a potential 2016 presidential candidate whose conservative bona fides may help smooth the way for support among conservatives wary of anything that smacks of amnesty. In an opinion piece published Sunday in the Las Vegas Review-Journal, Rubio wrote that the existing system amounts to "de facto amnesty," and he called for "commonsense reform."

According to documents obtained by The Associated Press, the senators will call for accomplishing four goals:

?Creating a path to citizenship for illegal immigrants already here, contingent upon securing the border and better tracking of people here on visas.

?Reforming the legal immigration system, including awarding green cards to immigrants who obtain advanced degrees in science, math, technology or engineering from an American university.

?Creating an effective employment verification system to ensure that employers do not hire illegal immigrants.

?Allowing more low-skill workers into the country and allowing employers to hire immigrants if they can demonstrate they couldn't recruit a U.S. citizen; and establishing an agricultural worker program.

The principles being released Monday are outlined on just over four pages, leaving plenty of details left to fill in. What the senators do call for is similar to Obama's goals and some past efforts by Democrats and Republicans, since there's wide agreement in identifying problems with the current immigration system. The most difficult disagreement is likely to arise over how to accomplish the path to citizenship.

In order to satisfy the concerns of Rubio and other Republicans, the senators are calling for the completion of steps on border security and oversight of those here on visas before taking major steps forward on the path to citizenship.

Even then, those here illegally would have to qualify for a "probationary legal status" that would allow them to live and work here ? but not qualify for federal benefits ? before being able to apply for permanent residency. Once they are allowed to apply they would do so behind everyone else already in line for a green card within the current immigration system.

That could be a highly cumbersome process, but how to make it more workable is being left to future negotiations. The senators envision a more streamlined process toward citizenship for immigrants brought here as children by their parents, and for agricultural workers.

The debate will play out at the start of Obama's second term, as he aims to spend the political capital afforded him by his re-election victory on an issue that has eluded past presidents and stymied him during his first term despite his promises to the Latino community to act.

"As the president has made clear for some time, immigration reform is an important priority and he is pleased that progress is being made with bipartisan support," a White House spokesman, Clark Stevens, said in a statement. "At the same time, he will not be satisfied until there is meaningful reform and he will continue to urge Congress to act until that is achieved."

For Republicans, the November elections were a stark schooling on the importance of Latino voters, who voted for Obama over Republican Mitt Romney 71 percent to 27 percent, helping ensure Obama's victory. That led some Republican leaders to conclude that supporting immigration reform with a path to citizenship has become a political imperative.

Source: http://news.yahoo.com/senators-reach-deal-immigration-changes-050551602.html

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Sunday, January 27, 2013

How to make your iPhone password stronger

2 hrs.

We've?talked before?about using a longer passcode on your iPhone instead of a 4-digit pin, but as the tech blog Digital Inspiration points out, adding in accented characters adds yet another level of security.

The idea is that most people aren't going to bother dealing with accented characters (if you hold down on a letter, the available accented characters show up) when they're trying to guess your password. To use these, you first have to turn on the alphanumeric passcode. Just head into Settings > General > Passcode Lock, and turn off Simple Passcode. You'll be asked to enter in a new password, so throw in a few accented characters. It might make it a bit of a pain to enter in your passcode, but at least it's more secure.

[via Digital Inspiration]

More from Lifehacker:

Source: http://www.nbcnews.com/technology/technolog/use-accented-characters-make-your-ios-password-even-stronger-1C8120707

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Home Based Business Opportunities: Easy Online Jobs -Paid Surveys

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Source: http://boynamalikas.blogspot.com/2013/01/home-based-business-opportunities-easy.html

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Saturday, January 26, 2013

Judges slap down Obama 'recess appointments.' Case headed to Supreme Court?

President Obama's appointments to the labor-relations board were unconstitutional because they bypassed the Senate, a court ruled Friday. Recess appointments have been a tactic of both parties.

By Brad Knickerbocker,?Staff writer / January 25, 2013

Richard Cordray stands by as President Obama announces Thursday, Jan. 24, that he will renominate Mr. Cordray to lead the Consumer Financial Protection Bureau, a role that he has held for the past year under a recess appointment.

Carolyn Kaster/AP

Enlarge

The partisan battle over ?recess appointments? took a new turn Friday when a federal appeals court ruled that President Obama violated the Constitution when he made such appointments to fill vacancies on the National Labor Relations Board (NLRB).

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In essence, said the US Court of Appeals for the District of Columbia Circuit, the Senate remained formally in session during the Christmas and New Year's holidays early in 2012, when Mr. Obama appointed three members to the NLRB.

The Senate is supposed to vote on the president's appointments. But at times both Democrat and Republican presidents have tried to get around that requirement by making appointments during a Senate recess. In response, both parties have used a tactic in which the Senate is gaveled into and out of ?pro forma? sessions every few days during a break. That's what was going on early last year.

"Either the Senate is in session, or it is in recess," Chief Judge David Sentelle wrote in the 46-page ruling. "If it has broken for three days within an ongoing session, it is not in ?the Recess? described in the Constitution."

"Allowing the president to define the scope of his own appointment power would eviscerate the Constitution's separation of powers," Chief Judge Sentelle wrote. Following Obama?s line of thinking, the judge added, "the president could make appointments any time the Senate so much as broke for lunch."

The issue ? and this particular case ? are fraught with partisan politics.

The three judges ruling unanimously Friday are Republican appointees.

Obama is pushing the NLRB in a pro-union direction, Republicans contend. Democrats say that?s just a corrective to the pro-business bent of the NLRB under President George W. Bush. The NLRB is an independent agency that conducts elections for labor-union representation and investigates unfair labor practices.

"With this ruling, the DC Circuit has soundly rejected the Obama Administration's flimsy interpretation of the law, and will go a long way toward restoring the constitutional separation of powers," Sen. Orrin Hatch (R) of Utah said in a statement.

?This is a very important decision about the separation of powers,? Carl Tobias, a constitutional law professor at the University of Richmond in Virginia, told the Associated Press. ?The court?s reading has limited the president?s ability to counter the obstruction of appointments by a minority in the Senate that has been pretty egregious in the Obama administration.?

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/-2-MFnVEyw8/Judges-slap-down-Obama-recess-appointments.-Case-headed-to-Supreme-Court

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New maps could be good news for many New Orleans-area flood ...

Many residents of New Orleans and Jefferson, St. Bernard, St. Charles and Plaquemines parishes could see the fruits of the improved hurricane levee system in new maps published on the Web Friday by FEMA's National Flood Insurance Program. Most locations within the levee system will see required base elevations lowered, which could mean a stabilizing or even a drop in future flood insurance premiums.

It?s not all good news, as residents of Braithwaite are already aware. Buildings outside the new levee system, such as those in Braithwaite, are likely to be required to be built higher ? sometimes as much as 7 feet higher. That?s the result of new studies that better identify the height of possible hurricane storm surges and the violent waves that accompany them, FEMA officials say.

The online publication of the preliminary ?digital flood insurance rate maps,? or DFIRMS, comes in advance of public hearings to be held by New Orleans and the parishes on their accuracy this spring.

St. Bernard Parish already has set a public meeting between 2 p.m. and 7 p.m. on Feb. 28 in the Council Chambers, 8201 W. Judge Perez Dr., in Chalmette, to allow residents to review the maps. FEMA officials also will be available to answer questions.

To view the new flood maps, contact your local floodplain administrator or follow these links: New Orleans, St. Bernard, Jefferson, Plaquemines, and St. Charles.

The hearings will trigger the start of a formal 90-day resolution period in which local governments and the public can appeal specific map location findings, said Matthew Dubois, a civil engineer and project monitor for the flood map studies for the greater New Orleans area.

Once all comments are resolved, FEMA will send a ?letter of final determination? to the city and parishes. That kicks off a six-month period during which the localities must approve the maps and adopt their standards as part of their building codes; if they refuse, their residents will be ineligible for flood insurance.

DuBois said that while the majority of areas within the improved levees will see their base flood elevation requirements lowered, there are a few locations that will see higher elevation requirements, the result of better mapping of land heights or recognition of? rainfall flooding challenges.

The improvements are the result of the post-Katrina bargain between the Army Corps of Engineers and FEMA: the corps would improve the levees to guarantee against flooding caused by surges created by a hurricane with a 1 percent chance of occurring each year, a so-called 100-year hurricane. FEMA, meanwhile, would continue to issue insurance within the levee areas, taking into account the chance of a rainfall event that also has a 1 percent chance of occurring each year.

Dubois was unable to say how much rain that would be, but one report cited in the flood insurance study accompanying the New Orleans map says there?s a 1 percent chance of between 11 and 14 inches of rain falling across the New Orleans area in 24 hours each year.

DuBois said the new levee maps represent a snapshot in time, representing the chance of flooding in mid-2012 after the levee system was completed to the 100-year standard. The maps also include the effects of a variety of drainage improvement projects that were completed at that time.

Local governments can provide evidence of the completion of additional drainage improvements -- including several Southeast Louisiana Urban Flood Control Program projects in New Orleans and Jefferson Parish that will cost more than a billion dollars over the next three years -- to FEMA in the future and get credit that can result in reduced insurance rates in their areas.

Work on the new maps is part of a national effort to digitize all flood insurance maps that began several years before Hurricane Katrina. In New Orleans, for instance, the last time insurance maps had been drawn was in 1984. Those maps used corps measurements that were based on outdated estimates of the heights of monuments called datum that were as much as 2 feet too low. The same outdated? information resulted in some area levees and floodwalls being as much as 2 feet too low before Katrina.

Following the storm, New Orleans-area parishes in 2006 adopted advisory maps that took into account the incomplete construction of the post-Katrina levee system. Those are still being used today.

FEMA completed a preliminary set of maps for New Orleans and the other four parishes in 2008, but stalled the adoption process until now to allow the corps to complete construction of the improved levee system, DuBois said.

?The corps has now reached the point where enough of the system is in place where it will defend against the 100-year storm surge,? he said.

Between 2008 and last summer, FEMA updated the maps with more information about? interior drainage improvements and provided local officials with copies of the completed maps last November.

The new maps outline a variety of changes.

In Lakeview and Gentilly, the new levees have resulted in significant drops in base flood elevation requirements. Where the elevation is now required to be 2.5 feet below sea level in Lakeview, the new map requires only 5 feet below sea level. In Gentilly, where the standard now is 1 foot below sea level, it drops to -6 feet. In the Central City area, including Broadmoor, where the present map requires a base elevation of 1.5 feet above sea level, the new map allows the base to be 1 foot below sea level.

In Metairie and Kenner, the existing maps set a base flood elevation of -3.5 feet above sea level north of the Metairie Ridge to the lakefront. That drops to -4 feet in parts of Kenner and between -3 and -5 in Metairie.

On the West Bank, areas now protected by a post-Katrina levee along Lake Cataouatche will see their base flood elevation requirements drop dramatically, from 3.5 feet above sea level to as low as -1 foot. Areas north of the V levee and west of Leo Kerner Parkway would see their base flood elevation drop from 5 feet above sea level to zero, while areas to the east drop from 1.5 feet above sea level to 1 foot below sea level.

Outside the levee, areas along Jean Lafitte Boulevard and Rosethorn Road, adjacent to the Barataria Unit of Jean Lafitte Park, will increase in base flood elevation to 8 feet above sea level, from the present 7 feet. On Grand Isle, some base flood elevations along the Gulf rise to 16 feet from present elevations of 10 to 13 feet.

East Bank St. Charles Parish residents also will see significant improvements in areas behind completed 100-year levees, with existing base flood elevation requirements of 8 feet and 9 feet above sea level dropped to between 2.5 feet and 4 feet.

Areas north of the levee along Lake Pontchartrain move from mostly 10 feet base elevation to mostly 12 feet.

In Plaquemines Parish, Belle Chasse gains from improvements of the Mississippi River levee to protect it from hurricane storm surges, with base flood elevations dropping from mostly 1.5 feet above sea level to between 0-3 feet below sea level.

The rest of the parish gets hit with major elevation requirements, the result of new studies indicating that existing levees will not protect the area from either 100-year storm surges or waves.

Braithwaite and east bank communities to the south across from the New Orleans Naval Air Station take the brunt, seeing their elevation requirement increase from 3 feet above sea level to 21 feet.

Areas to the south on the east side of the river will see new elevation requirements of 15 to 17 feet, generally a foot or two higher than the present map.

On the west side, the elevations are 14 to 15 feet with the new map, similar to the existing map except at one location just north of Triumph, which now has a 3.5-foot elevation requirement.

In St. Bernard Parish, areas inside the newly raised Chalmette Loop see the base elevation drop to as low as -2 feet in Arabi to 3 feet above sea level near Riverbend Drive, a foot or two lower than existing requirements. To the south, outside the levee system, the base increases to 19 and 20 feet from 13 and 14 feet.

Source: http://www.nola.com/environment/index.ssf/2013/01/new_maps_could_be_good_news_fo.html

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Italy's Monti calls for investigation of Monte Paschi scandal

SIENA, Italy (Reuters) - Italian Prime Minister Mario Monti called on Friday for an immediate investigation of a widening scandal at Monte dei Paschi di Siena over the historic bank's losses of nearly $1 billion in a series of complex derivatives deals.

Monti defended the Bank of Italy, whose governor at the time of the losses was Mario Draghi, the European Central Bank chief now facing criticism for failing to spot the trouble brewing at Monte Paschi.

"This episode has to be dealt with the maximum clarity and those responsible have to be dealt with rigorously," Monti told RAI radio.

Monti has promised to address parliament on the matter but he denied the government shared responsibility and said the problems did not affect the Italian banking system as a whole. He expressed "full and total confidence" in the Bank of Italy.

"Italian savers should know, and I think they know, that Italian banks have been among the most solid during the crisis," he said, adding that Monte Paschi was the only bank to be required to boost its capital by European authorities.

The Tuscan bank, Europe's oldest, which is already seeking a 3.9 billion euro ($5.22 billion) government bailout, this week revealed derivatives and structured finance trades that could cost it as much as 720 million euros.

The case has already become a major political issue ahead of national elections on February 24-25 because of historic links between the bank and the centre-left Democratic Party, which is leading in opinion polls.

Bank of Italy Governor Ignazio Visco, under pressure for the central bank's supervision of the case, rejected criticism, saying it had nothing to hide.

"It's wrong to insinuate that there was a lack of supervision by the Bank of Italy," he told CNBC television at the sidelines of the World Economic Forum in Davos.

He said there was no threat to the stability of Monte dei Paschi, which is already under investigation for the expensive acquisition of smaller rival Antonveneta in 2007.

"There is no question that the bank is stable," he said.

However doubts were raised about the Bank of Italy's assertion that it was unaware of the trades at the centre of the scandal by reports in the Corriere della Sera daily.

It quoted central bank documents saying said inspectors had expressed concerns about the monitoring of derivatives as long ago as 2010. No immediate comment on the report was available from the Bank of Italy.

"HIDDEN TRADES"

Monte Paschi shares, which had fallen 20 percent this week, recovered strongly on Friday, rising almost 9 percent as prices rebounded after the recent losses.

In Siena, where Monte Paschi was holding a special shareholder meeting to discuss the scandal on Friday, Chairman Alessandro Profumo said the bank was still evaluating the impact of the derivatives trades on its finances.

But the bank management faced criticism from shareholders enraged by a scandal that has raised the spectre of nationalisation of a bank whose origins go back to the Renaissance and which is synonymous with the beautiful Tuscan city.

"What they did to Monte dei Paschi is worse than Bribesville and Parmalat put together," said Beppe Grillo, head of the anti-establishment 5 Star Movement, who attended the meeting. He was referring to the two biggest scandals in recent Italian history.

"That's the scale of the damage they've done. They've turned the party into a bank and the bank into a party," he said in reference to the Democratic Party's links with the bank.

The case has already forced former chairman Giuseppe Mussari, who left the bank in April, to step down as head of the Italian banking association this week.

The Bank of Italy has said the former management of Monte Paschi hid details of the trades while Visco said the central was working with judicial authorities investigating the case.

"There is no immediate action from the Bank of Italy. We are actively collaborating with the judiciary," he told Reuters.

The latest deals to be revealed are the so-called "Alexandria" trade with Japanese bank Nomura, the "Santorini" trade with Deutsche Bank and a derivative called "Nota Italia", which several sources said was structured by JP Morgan. JP Morgan declined to comment.

The Corriere della Sera said central bank inspectors had expressed misgivings about the supervision of both the Alexandria and Santorini deals.

Findings of a review on the trades are expected to be submitted to the bank's board by mid-February.

($1 = 0.7477 euros)

(Additional reporting by Lisa Jucca in Davos; writing by James Mackenzie; editing by Barry Moody and Giles Elgood)

Source: http://news.yahoo.com/italys-monti-calls-investigation-monte-paschi-scandal-110932712--finance.html

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Friday, January 25, 2013

Senate Committee Unanimously Approves New Gaming Bill | News ...

Photo: Lori SR (Flickr)

Casinos in Indiana like the Casino Aztar Gambling Riverboat, Evansville, have lost some of their revenue from competing casinos in adjacent states.

Legislation aimed at helping Indiana gaming facilities compete with other states and bolster struggling attendance cleared its first legislative hurdle Wednesday.

Legislation unanimously approved by the Senate Public Policy committee adds mobile gaming devices to off-track betting sites and eliminates taxes on free-play coupons.

It also allows live-dealer games in racetrack casinos, something the bill?s author, Crawfordsville Republican Senator Phil Boots, says will boost job creation.

?Contrary to popular policy today is we try to replace everything with a robot,? Boots says.? ?We?re actually taking a robot and replacing it with a live person which should increase our employment at the racinos somewhere around 650 people is what I?ve been told.?

Indianapolis Republican Senator Jim Merritt says he?s wary of the mobile gaming devices, iPad-like tablets that can run anything from slots to table games.

?I don?t want to get to a point where we just have casinos everywhere in the state of Indiana and I see us creeping toward that.?

Merritt says he?s hopeful the devices will be taken out of the bill, which now heads to the Senate Appropriations committee.

Source: http://indianapublicmedia.org/news/senate-committee-unanimously-approves-gaming-bill-43537/

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Goodell: Don't sweat weather for 2014 Super Bowl

NEW YORK (AP) -- Super Cold?

NFL officials aren't just bracing for potential wintry weather at next year's Northeastern Super Bowl ? they're embracing it, Commissioner Roger Goodell said Thursday.

The first Super Bowl ever in the New York metropolitan area is almost exactly a year away in a region currently clenched by bitter cold, reviving chatter about whether the weather will chill fans' enthusiasm. But Goodell said the league would be prepared if there's snow, ice or low temperatures for the game on Feb. 2, 2014.

"Football is made to be played in the elements," he said as he and New York Mayor Michael Bloomberg previewed a week of city events leading up to the championship at MetLife Stadium in East Rutherford, N.J., home of the Giants and Jets. Pre-game parties and other activities also are set in New Jersey.

"We're going to celebrate the game here, we're going to celebrate the weather and we're going to make it a great experience," Goodell said.

Jets owner Woody Johnson acknowledged that "this is going to be challenging." But, he added, "it's going to be a lot of fun. ... We have to welcome this weather, and we will."

The Super Bowl has never been played outdoors in a cold-weather setting before. Organizers are positioning it as a cool ? perhaps literally ? new experience for fans and a lucrative showcase for both New Jersey and New York City, which are sometimes grudging neighbors. Events will range from a pre-game tailgate party at the Meadowlands Racetrack in New Jersey to a four-day festival that will shut down 10 blocks of Broadway.

An early estimate suggested the 2014 Super Bowl could generate $550 million to $600 million in economic activity on both sides of the Hudson River, host committee president Al Kelly said.

For New York, the event also evokes the sports-centered spectacle Bloomberg aimed to stage when the city proposed to host the 2012 Olympics, a plan that centered on building a stadium for the Jets on Manhattan's far West Side. A state board ultimately nixed the stadium proposal amid traffic and other concerns.

The stadium could have brought the Super Bowl itself to the city, as the NFL at one point agreed the Jets could host the 2010 game if they had the new Manhattan facility. Instead, they and the Giants got a new home in MetLife Stadium, which opened in 2010.

Much of the activity surrounding the 2014 Super Bowl will be in New Jersey. Players will stay and train there, and a media day, tailgate party and some other events will be at various New Jersey venues.

"We're getting a good share of the economic activity," Gov. Chris Christie said, noting "the number and quality of events" planned in his state.

New Jersey also hopes to have legal gambling on the game, at the race track. Christie signed a sports betting bill into law last year, but the NFL and other sports leagues have sued to try to stop it.

New York City, meanwhile, will close Broadway between West 34th and West 44th streets, from Jan. 29 to Feb. 1 of 2014, for a free "Super Bowl Boulevard" celebration featuring player appearances, football clinics and a 36-foot-tall "XLVIII" in Times Square.

The game's media center, expected to host about 5,000 journalists, and the televised NFL Honors awards show also will be in the city, where NFL headquarters are located.

"I think New York City is already the nation's Super Bowl champion of tourism," Bloomberg said.

The city estimates it drew some 52 million visitors last year.

___

Associated Press writer David Porter in Newark, N.J., contributed to this report.

___

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

Source: http://news.yahoo.com/goodell-dont-sweat-weather-2014-133203573.html

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Ending the Stopgap Budget - The Daily Collegian

Flickr/tobym

The United States government has been at a relative standstill since the beginning of President Barack Obama?s first term, with Republicans filibustering almost every bill in the Senate and, since 2011, the majority-Republican House passing severely conservative alternatives to mainstream ideas.

The 112th Congress, in particular, was a travesty and has been incompetent in solving major issues that face the nation. From deficit reduction to simply passing a budget, Congress hasn?t compromised, and the first step towards sanity is achieving bipartisan agreement on an annual budget for the U.S. government.

Although both the 111th and 112th Congress passed significant bills regarding health care, education, taxation and deficit reduction, the Senate has not passed a comprehensive budget since April 2009. The ongoing debate over the spending priorities of the U.S. government has not been resolved, and Senate Majority Leader Harry Reid has been unwilling and unable to bring a budget to the floor for debate.

Now, to the public it seems that all Congress has been doing is debating the budget, but the parliamentary realities of the two chambers are quite different. Instead of passing comprehensive, annual budgets, the federal government has been funded by stopgap compromises and continuing resolutions such as the Budget Control Act, which resolved the 2011 debt ceiling crisis, and the American Taxpayer Relief Act (H.R.8), which averted the fiscal cliff.

The stopgap measures of H.R.8 are apparent. The law provides a one-year ?doc fix? for Medicare that extends current physician payment rates until Dec. 31, 2013, to prevent a 27 percent reduction in said payment rates. It will cost $25.17 billion over 10 years. This cost control method, which has been extended annually since 1997, protects doctors from pay cuts automatically required by Medicare law. The American Medical Association (AMA) and over 100 other medical groups propose a permanent solution to the ?doc fix,? but repealing it would cost $245 billion over 10 years. President Obama proposed repealing the ?doc fix? and covering the cost with $400 billion in health care savings, but that option never came to fruition.

Instead of dealing with the ?doc fix? for good, Congress surrendered to its modus operandi, a temporary fix. In order to cover the $25 billion cost of the one-year fix, hospitals will face a $10.5 billion recoupment of Medicare overpayments and a $4.2 billion reduction in payments to hospitals that care for large numbers of Medicare patients, according to Kaiser Health News.

Hospital groups are unhappy with the fiscal cliff deal. Dr. Jeremy Lazarus, president of the AMA, said in a press release that the ?last-minute action? is ?a clear example of how the Medicare program is increasingly unreliable for physicians and patients. Congress? work is not complete. ? Over the next months, it must act to eliminate this ongoing problem once and for all.?

The stopgap funding will influence federal spending on colleges and universities. The fiscal cliff deal did not address the spending cuts known as sequestration, which were pushed two months into 2013. According to The Huffington Post, the fiscal cliff deal spared the American Opportunity Tax Credit, but delayed sequestration could cause an 8.2 percent cut in all discretionary spending and a 7.6 percent cut in mandatory spending, which would cut funding for scholarships and research to universities. The deal also capped charitable tax deductions, which Inside Higher Ed noted are major source of funding for universities through alumni donations. Education still faces cuts in federal research money and eligibility for federal financial aid programs in 2013.

Obama warned, in reference to higher education, ?We can?t keep cutting things like basic research and new technology and still expect to succeed in a 21st century economy,? The Huffington Post reported.

These potential cuts and temporary patches are representative of the inability of opposing politicians to compromise and the intransigence of tea party Republicans about federal spending. When polled, strong majorities of Americans oppose severe cuts to federal spending.

Serious people, including the Simpson-Bowles commission, the Obama administration and Democrats in Congress have proposed comprehensive budgets that reform taxes, earned benefits such as Social Security and Medicare, and discretionary spending that keep much of the federal government intact, while reducing the deficit and the debt. Both Democrats and Republicans must come together on comprehensive budget reform. The U.S. economy is the largest in the world and has the ability to adapt to changing conditions in both the public and private sectors.

Massive debt is the only condition in which the U.S. economy can fail, and we are not there yet. According to the Congressional Budget Office, the federal debt held by the public reached 73 percent of GDP at the end of 2012. This is still far below the danger-levels over 100 percent, and the deficit reduction undertaken by the president and Congress since 2011 has ensured that the debt will not go over 90 percent until at least 2022.

Reforming the federal budget as soon as possible is key to ensuring continued economic recovery and the fiscal stability of the U.S. government. Most of the key players in Washington agree on a path that decreases the national debt, and a few radical members on either end of the political spectrum must not derail progress. The American people face massive uncertainty as to the budget of the federal government and even whether the government will pay its debts. The only way to ease uncertainty and improve confidence is to have a solid budgetary plan for the future.

Detrimental stopgap measures will continue to breed uncertainty, and the only solution is for Congress and the president to do their job and pass a real budget.

Zac Bears is a Collegian columnist. He can be reached at ibears@student.umass.edu.

?

Source: http://dailycollegian.com/2013/01/25/ending-the-stopgap-budget/

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Thursday, January 24, 2013

Apple Earnings Preview: It's All About The iPhone ... - Yahoo! Finance

Provided by Business Insider's Jay Yarow

Apple's (AAPL) earnings are coming today after the market closes.

We will have the results as soon as they hit at this page, so tune in. In the meanwhile, here's what to expect.

After a sustained 30% drop in Apple's stock since September, this earnings report is the most anticipated we can remember. There are a lot of questions surrounding Apple right now. (As The Daily Ticker's Aaron Task and Henry Blodget discuss in the accompanying video)

In particular, investors want to get a true read on the state of the iPhone business. There have been multiple reports that Apple cut iPhone orders for this quarter. The severity of those cuts, and the reasons for them, vary from place to place, but it seems confirmed the cuts happened.

This led analysts to start slashing their March quarter iPhone estimate and their full-year revenue and EPS outlook. As they've cut back their estimates, Apple's stock has crashed.

And yet, despite paring back their March quarter expectations, many analysts have been bumping their iPhone estimates for the December quarter.

Which makes this earnings report, as anticipated as it is, somewhat anticlimactic. Everyone is already focused on the March quarter. And Apple's guidance game makes it very hard to figure out what's really happening this quarter. Multiple analysts have called for Apple to deliver classic low-ball guidance.

Unlike in the past, if Apple delivers super low guidance, the market could react negatively as the low guidance would confirm its fears that the iPhone business is in trouble.

So, if you're an Apple bull, here's what you want tonight: A strong iPhone beat and guidance that isn't ridiculously low. On the earnings call, you're hoping Tim Cook comments on the reports coming from the supply chain and puts the rumors to bed.

If you get just an iPhone beat, or just good guidance, we're not sure you're going to be happy.

Before we wrap this up, there is one thing to note: This quarter is 13 weeks long. Last year's quarter was 14 weeks long. Therefore, year over year comparisons aren't going to be perfect.

Further, last year Apple sold the iPhone 4S only in the holiday quarter. This year, the new iPhone, the iPhone 5 was out for a week before the quarter started. And it was also released in China for part of the quarter. So, comparisons between this quarter and the next are going to be messy.

Here, via Piper Jaffray's Gene Munster, is what the buy-side is expecting from Apple:

  • March quarter revenue: $46.9 billion
  • March quarter EPS: $12.10
  • March quarter gross margin: 41.5%

Again, we'll have the numbers as soon as they hit right here, so tune in.

Source: http://finance.yahoo.com/blogs/daily-ticker/apple-earnings-preview-iphone-guidance-151911442.html

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