Saturday, December 31, 2011

Rihanna Bikini Photos: So Transparent!


Amid reports that she may be rekindling a romance with Chris Brown, a svelte Rihanna hit the beach in her native Barbados, without a care in the world.

Without much covering her up, too, it turned out.

Hanging out with her little brother at the time, the star was in a family-oriented mood, but certain images that resulted from her romp in the sea were anything but.

Rihanna's orange bikini turned transparent in the water. Take a look:

Rihanna in Bikini PictureRihanna Nipple SlipRihanna, Bikini

Rihanna makes a splash in the Caribbean.

She may be bad, but she's perfectly good at it, and if Rihanna pictures like these surface as a result, we doubt many people will be complaining too loud.

[Photos: Fame Pictures]

Source: http://www.thehollywoodgossip.com/2011/12/rihanna-bikini-photos-so-transparent/

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Friday, December 30, 2011

Foreign monitors energize Syrian protests

In this image made from amateur video released by Ugarit and accessed Wednesday Dec. 28, 2011 purports to show anti-government forces shooting at a bus convoy in Daraa, Syria. (AP Photo/Shaam News Network via APTN) TV OUT. THE ASSOCIATED PRESS CANNOT INDEPENDENTLY VERIFY THE CONTENT, DATE, LOCATION OR AUTHENTICITY OF THIS MATERIAL.

In this image made from amateur video released by Ugarit and accessed Wednesday Dec. 28, 2011 purports to show anti-government forces shooting at a bus convoy in Daraa, Syria. (AP Photo/Shaam News Network via APTN) TV OUT. THE ASSOCIATED PRESS CANNOT INDEPENDENTLY VERIFY THE CONTENT, DATE, LOCATION OR AUTHENTICITY OF THIS MATERIAL.

In image made from amateur video released by Ugarit and accessed Wednesday Dec. 28, 2011 purports to show anti-government forces shooting at a bus convoy in Daraa, Syria. (AP Photo/Shaam News Network via APTN) TV OUT. THE ASSOCIATED PRESS CANNOT INDEPENDENTLY VERIFY THE CONTENT, DATE, LOCATION OR AUTHENTICITY OF THIS MATERIAL.

In this image made from amateur video released by Shaam News Network and dated Wednesday Dec. 28, 2011, purports to show an Arab League monitor visiting the Baba Amr area of Homs in Syria. (AP Photo/Shaam News Network via APTN) TV OUT. THE ASSOCIATED PRESS CANNOT INDEPENDENTLY VERIFY THE CONTENT, DATE, LOCATION OR AUTHENTICITY OF THIS MATERIAL.

In this image made from amateur video released by Shaam News Network and dated Wednesday Dec. 28, 2011, purports to show Arab League monitors visiting the Baba Amr area of Homs in Syria. (AP Photo/Shaam News Network via APTN) TV OUT. THE ASSOCIATED PRESS CANNOT INDEPENDENTLY VERIFY THE CONTENT, DATE, LOCATION OR AUTHENTICITY OF THIS MATERIAL.

In this image made from amateur video released by Shaam News Network and dated Wednesday Dec. 28, 2011, purports to show Arab League monitors visiting the Baba Amr area of Homs in Syria. (AP Photo/Shaam News Network via APTN) TV OUT. THE ASSOCIATED PRESS CANNOT INDEPENDENTLY VERIFY THE CONTENT, DATE, LOCATION OR AUTHENTICITY OF THIS MATERIAL.

(AP) ? The presence of Arab League monitors in Syria has re-energized the anti-government protest movement, with tens of thousands turning out over the past three days in cities and neighborhoods where the observers are expected to visit. The huge rallies have been met by lethal gunfire from security forces apparently worried about multiple mass sit-ins modeled after Cairo's Tahrir Square.

On Thursday, security forces opened fire on tens of thousands protesting outside a mosque in a Damascus suburb and killed at least four. The crowd had gathered at the mosque near to a municipal building where cars of the monitors had been spotted outside.

Troops fired live ammunition and tear gas to disperse large protests in several areas of the country, including central Damascus, killing at least 26 people nationwide, activists said. A key activist network, the Local Coordination Committees, said it has documented the names of 130 people, including six children, who died since the Arab League monitors arrived in Syria Monday night.

The ongoing violence, and new questions about the human rights record of the head of the Arab League monitors, are reinforcing the opposition's view that Syria's limited cooperation with the observers is nothing more than a farce for President Bashar Assad's regime to buy time and forestall more international condemnation and sanctions.

Still, the presence of outside monitors has invigorated frustrated protesters and motivated them to take to the streets again in large numbers after months of demonstrations met by bullets had dashed their hopes of peaceful change.

"We know the observers won't do anything to help us," said Yahya Abdel-Bari, an activist in the Damascus suburb of Douma. "But still, we want to show them our numbers, to let them know what is really happening here," he said.

The 60 Arab League monitors, who began work Tuesday, are the first Syria has allowed in during the nine-month anti-government uprising. They are supposed to ensure the regime complies with terms of the Arab League plan to end Assad's crackdown on dissent. The U.N. says more than 5,000 people have died in the uprising since March.

The plan, which Syria agreed to on Dec. 19, demands that the government remove its security forces and heavy weapons from cities, start talks with the opposition and allow human rights workers and journalists into the country. It also calls for the release of all political prisoners.

As word spread Thursday morning that the observers would be visiting Douma ? which saw an intense government crackdown in the early days of the uprising ? thousands of people began gathering outside the Grand Mosque, calling for Assad's downfall and for international protection for civilians.

Amateur videos posted on the Internet showed protesters in Douma facing off with Syrian soldiers, shouting "Freedom, Freedom!" Troops then opened fire to disperse the protesters, whose numbers had swelled to around 20,000.

"It came like rain, they used heavy machine guns, Kalashnikovs, everything," said Abdel-Bari.

Four people were killed and scores others wounded, said Abdel-Bari and various activist groups.

Rami Abdul-Rahman, head of the British-based Syrian Observatory for Human Rights, said cars belonging to the Arab League monitors were seen in front of a municipal building close to the mosque around the same time.

But after the killings, Abdul-Rahman and Abdel-Bari said the monitors were barred by security officials from entering Douma and the situation quickly deteriorated. A witness said angry citizens closed off streets with rocks and garbage containers and thousands of people returned to the area around the Grand Mosque to stage a sit-in.

Troops also surrounded a mosque in Damascus' central neighborhood of Midan and tossed tear gas canisters at hundreds of people calling for the downfall of the regime.

In the northern Idlib province, some 150,000 protesters took to the streets ? more than on any other day recently, the Observatory said.

"The presence of monitors is a source of comfort to the Syrian street and breaks the barrier of fear for those who were hesitant about protesting," said Abdul-Rahman.

Although the violence against protesters has not stopped, he said the death toll would have probably been double what it is had there been no monitors on the ground.

Much of the bloodshed of the past few days appeared to be a desperate attempt by authorities to keep protesters from gaining ground for multiple mass sit-ins where they can recreate the model of Cairo's Tahrir Square. The two-week sit-in at Tahrir brought down longtime authoritarian ruler Hosni Mubarak in February and inspired other uprisings across the Arab world.

On Tuesday, as monitors visited the flashpoint city of Homs in central Syria, troops shot at thousands of protesters trying to reach the city's central Clock Square. On Wednesday, the scene was repeated in nearby Hama, where protesters were shot trying to reach Assi Square and activists said at least six people were killed.

"This is the regime's biggest fear, to have hundreds of thousands of people gathered in one place," said one Homs resident.

Syria has allowed the monitors in, released about 800 prisoners and pulled some of its tanks from the city of Homs. But it has continued to shoot and kill unarmed protesters and has not lived up to any other terms of the agreement.

Syria's top opposition leader, Burhan Ghalioun, told reporters in Cairo after meeting Arab League Chief Nabil Elaraby that the aim of the mission is not only to observe, but to make sure that the Syrian government is "stopping the killing and shooting." He added that the Syrian government is holding more than 100,000 detainees, "some of them held in military barracks and aboard ships off the Syrian coast." He added: "There is real danger that the regime might kill them to say there are no prisoners."

State-run TV said monitors also visited the Damascus suburb of Harasta, the central city of Hama and the southern province of Daraa, where the uprising against Assad began in March.

The Observatory said a total of 26 people have been shot by security forces and killed on Thursday, most of them in several suburbs of Damascus. The Local Coordination Committees, another activist group, said 35 people were killed. The differing death tolls could not be immediately reconciled as Syria bans most foreign journalists and keeps tight restrictions on the local media.

The Syrian government organized a tour to the restive central city of Homs, where one team of monitors has been working for the last three days.

At the entrance to the city, which witnessed much of the violence in the past months, two checkpoints were stopping cars and asking for people's identity cards. Inside, most shops were closed and streets had few people and cars as sporadic gunfire rang out. Most main streets were clean, but side streets were lined with piles of garbage bags.

At the military hospital, one of the largest in the city, a large number of civilians and members of the military were receiving treatment. One of them was a soldier who was shot in the stomach while in a Homs street Thursday morning. He was undergoing an operation, his mother said.

"My son did not harm anyone. He is a soldier to protect the country," said his mother, Zeinab Jaroud, as she stood holding back here tears outside the operating room.

___

Karam reported from Beirut.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2011-12-29-ML-Syria/id-09a5dced19bc43cbb586ca19d6b40995

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Wacky rules complicate race for GOP delegates

This frame grab from video shows Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaking during a campaign stop at Elly's Tea and Coffee in Muscatine, Iowa, Wednesday, Dec. 28, 2011. (AP Photo/Robert Ray)

This frame grab from video shows Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaking during a campaign stop at Elly's Tea and Coffee in Muscatine, Iowa, Wednesday, Dec. 28, 2011. (AP Photo/Robert Ray)

Republican Presidential candidate, Rep. Michele Bachmann, R-Minn. waves after making a campaign stop at the Nodaway Diner, Wednesday, Dec. 28, 2011, in Greenfield, Iowa. (AP Photo/Evan Vucci)

Republican presidential candidate, Texas Gov. Rick Perry laughs during a campaign stop at the Westside Conservative Club breakfast,Wednesday, Dec. 28, 2011, in Urbandale, Iowa. (AP Photo/Eric Gay)

(AP) ? Look out for some whacky results in the race for delegates in the Republican presidential primaries and caucuses. There might even be a state or two where the second-place candidate gets the most delegates, starting with Tuesday's caucuses in Iowa.

New GOP rules require states that hold nominating contests before April to award delegates proportionally. That usually means a candidate who gets 40 percent of the vote gets 40 percent of the delegates. But not always.

The rules give states a lot of leeway to define proportional, and some states have been pretty creative. For example, in Ohio, the candidate who gets the most votes in each congressional district wins three delegates. Ohio has 16 congressional districts based on the latest census, so 48 delegates will be awarded this way.

An additional 15 delegates will be awarded proportionally, based on statewide results. Candidates must get at least 20 percent of the statewide vote to qualify for these delegates. Under this system, it is possible in a close race for a candidate to narrowly win the most congressional districts ? and the most delegates ? but come in second in the overall statewide vote, said Bob Bennett, a member of the Republican National Committee from Ohio.

Early on, battles over small numbers of delegates won't get much attention because candidates are more concerned about winning contests and building momentum. But if the race continues into late spring, like the 2008 battle between Democrats Barack Obama and Hillary Rodham Clinton, delegate totals become much more important.

A tight race could draw a lot of scrutiny over obscure issues like this: If you qualify for 7.5 delegates under a proportional allocation, do you round up to eight or round down to seven? (In Ohio and other states you round up to eight. In Nevada, which is holding GOP caucuses Feb. 4, party officials are still working on those details.)

"All these rules are important in close races," Bennett said. "If you have a blowout, a sure winner, they don't matter as much."

In most national polls, former Massachusetts Gov. Mitt Romney and former House Speaker Newt Gingrich are the front-runners for the GOP nomination. In Iowa, Rep. Ron Paul of Texas also is polling well, raising the possibility of a split vote.

The Iowa caucuses on Tuesday begin the process in that state that will result in 25 delegates being selected for the national convention. At the caucuses, voters will cast ballots in a presidential straw poll, and those results will get the most attention on election night.

Caucus-goers also will elect delegates to county conventions, who in turn will elect delegates to congressional district conventions and the state party convention in June. These are the conventions where delegates to the GOP national convention in Tampa, Fla., are selected.

Each of the four congressional districts will elect three delegates to the national convention. They will also appoint two members to a slate committee, which will choose 13 additional delegates. The slate is voted on at the party's state convention in June.

The system puts a premium on getting the most votes in individual congressional districts. If a candidate's supporters can control a congressional district convention, they can choose national delegates and slate committee members who support their candidate.

In a tight, three-way race, it is possible for a candidate to narrowly win two of the four congressional districts ? putting him or her in position to win the most delegates ? but come in second in overall votes statewide.

"The delegates are going to reflect the division within the party itself," said John Ryder, a member of the Republican National Committee from Tennessee who chaired the panel that wrote the new proportional rule. "The end result is nobody comes out of a proportional state with a clear mandate, unless of course they do, which would only happen if a candidate generates commanding support among Republican voters."

A total of 2,286 delegates are slated to attend the Republican National Convention in August, and 1,144 will be needed to claim the nomination, according to the Republican National Committee. No candidate can reach that total before April, though a dominant front-runner could build a commanding lead by then.

In the meantime, the primary calendar is full of quirks. South Carolina (Jan. 21), and Florida (Jan. 31), will award all their delegates to the candidate who gets the most votes, even though they are holding their contests before April. Both states already lost half their delegates for holding early contests, so the state parties decided to make them winner-take-all. The RNC says there are no additional penalties for violating the proportional rules.

Michigan's plan for awarding delegates is very similar to Ohio's. But Michigan, which holds its primary Feb. 28, lost half its delegates because it scheduled its primary before March 6, also known as Super Tuesday. GOP rules allow only four states to hold nominating contests before Super Tuesday: Iowa, New Hampshire, Nevada and South Carolina. And those states weren't supposed to schedule contests before February.

Michigan started with 59 delegates, but now has only 30. Nevertheless, party officials plan to award 56 delegates based on the primary (the other three will be the state's RNC members), and simply reduce each candidate's total by half. That poses several problems: Half of 56 isn't quite 30, and what if a candidate wins 25 delegates? Do they get 12 or 13? GOP rules don't allow fractions of delegates.

"We'll work that out once we get closer to choosing the delegates who will go," said Matt Frendewey, spokesman for the Michigan Republican Party.

___

Lauren Johnert, Associated Press deputy manager for election research and quality control, contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2011-12-28-GOP%20Delegates/id-919743dcb05c4d0f92fb48e7ace53538

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Thursday, December 29, 2011

Soggy weather and wind whipping up East Coast (Reuters)

BOSTON (Reuters) ? A storm system expected to drench the Southeast on Tuesday was set to barrel northward later in the day, forecasters said, bringing damaging winds and some snow to parts of the Northeast.

Strong-to-severe thunderstorms were forecast to rumble across parts of the Southeast coast, with areas from southern North Carolina to northern Georgia the most likely to be hit, according to AccuWeather.com.

Damaging winds and downpours are the major threats, with the possibility of a tornado from the strongest storms, it said.

The fast-moving storm was expected to track north and east, bringing with it wet weather and wind.

"The rain, snow, and wind will really crank up tonight across the Northeast, with locally heavy rainfall possible from the Mid-Atlantic to the Maine Coast," said Mark Avery, lead meteorologist for the Weather Channel.

A major route through the Smoky Mountains, from the tourist town of Gatlinburg, Tennessee, to Cherokee, North Carolina, was closed for hours early Tuesday because of downed trees, said Sam Roberts, meteorologist with the National Weather Service.

"Some pretty high winds early this morning across the foothills of the Smokies" were to blame for the closures on U.S. 441, said Roberts, who added that winds reached between 70 and 80 miles per hour.

Light snow was reported in upper west Tennessee north of Memphis, and more is expected Tuesday evening in the higher elevations of the Smokies.

Flooding of small creeks and streams was possible in parts of eastern Pennsylvania, northern Delaware and western New Jersey where a flood watch was in effect through the evening, according to the National Weather Service.

Whipping winds were expected to continue on Wednesday across the Northeast, according to the Weather Channel, with snow expected in parts of northern New York and northern New England.

Wind gusting over 45 mph at times on Wednesday could cause scattered power outages and impact air travel in cities from Philadelphia to Boston, AccuWeather.com said.

(Reporting by Lauren Keiper, Tim Ghianni and Karin Matz; Editing by Jerry Norton)

Source: http://us.rd.yahoo.com/dailynews/rss/weather/*http%3A//news.yahoo.com/s/nm/20111227/us_nm/us_weather

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Teen Mom 2 Recap: Leah Messer Gets Good News; Adam Lind & Kieffer Delp Wreak Havoc!


This week on Teen Mom 2, we got a bit of good news.

Very good news, in fact. Baby Ali is going to be alright. Her brain is fine, following weeks of worrying and a health scare that put everything into perspective.

If only the good news continued from there. Alas, Teen Mom 2 bad boys Adam Lind and Kieffer Delp continued to make their girls' lives a living hell at times.

Find out why in THG's +/- TM2 recap below!

Poor Chelsea Houska

Chelsea Houska is in bed, complaining on the phone to her father because Adam has abandoned her and taken baby Aubree with him. Dude, you took him back. Minus 5.

"That's your Prince Charming," her father explains. "That's the way he's always been, and you need to decide whether you're OK with that." To say the least. Plus 5.

Adam texts "I am keeping Aubree. Shut up." Could be worse. Wash.

Sympathizing with Adam isn't always the easiest thing to pull off, but at times we do. Not when he's calling Chelsea awful names certainly, but when he does try. Plus 2.

He's not all bad, always, but with Chelsea's neediness he is made to seem like it. Plus only 4, because as we said, the guy has issues. But Chelsea, get it together girl.

Minus 3 for her dad talking tough but still enabling her, too.

Kailyn's friend Stephanie asks, as if reading cue cards: "So are you and Jordan having sex?" "So are you having unprotected sex?" Totally natural questions. Minus 8.

Give MTV credit for the obvious PSA on birth control and discussions about sex with your partner, though, because at least they scripted something useful. Plus 10.

Kailyn gets a Mirena IUD, protecting her for five years. Very proactive. Plus 7.

Minus only 4 for Jordan's annoyed, confused, awkward response. He could try a little harder to seem less uncomfortable, but there is a camera crew in his grill.

Later on, Jordan apologizes and does the impossible as he makes Kailyn smile and laugh. Plus 20. You never know, this one could be a keeper, Kails!

Corey and Leah Picture

The results of Leah and Corey's baby daughter Ali's brain MRI are revealed: "Her brain is fine," the pediatrician tells her worried parents. PHEW. Plus 50, but ...

One, but not both of Ali's optic nerves is indeed small, and will likely affect her sight in that eye. But her brain is fine, and you can't fix that. So again, phew!

Corey says later, "She was made for glasses." Too true. Pink ones! Plus 10.

Jenelle Evans fails one of her college classes? There's a shocker! Minus 14.

For her daughter's 19th birthday Barbara gets her a tire-changing kit and jumper cables. Hey, when you've lived in a car, what could be more practical? Plus 40.

Sadly, nothing about J is practical. She's a ticking time bomb waiting to explode, and you'd best not be the guy (or girl) who gets in the way ... Minus 10.

Alas, Barbara will eventually learn that Jenelle is not being "truthful and honest" with her about her relationship with Kieffer, who she is not avoiding. Minus 15.

She herself drives him to the police station to answer her charges of domestic violence. Definitely the way to smooth things over. These two are toxic. Minus 20.

Jenelle: "I'm just happy this is my last year of being a teenager, just because, like, when you're in your teens like no one really takes you seriously." So when you turn 20, it's all gonna turn around? Kieffer is already 20, BT-Dubs. Minus 10.

At least he cut his hair. Plus 5.

EPISODE TOTAL: +64! SEASON TOTAL: +9!

Source: http://www.thehollywoodgossip.com/2011/12/teen-mom-2-recap-adam-lind-and-kieffer-delp-wreak-havoc/

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Wednesday, December 28, 2011

Employment in 2012: Experts see 'marginal improvement' on jobs front

employment trends

What the experts say:
Question: Where do you see job growth locally in 2012?

"I believe it's going to be in the entrepreneurial world. What we'll see is a lot of people getting tired of trying to find jobs with companies and start creating their own. That's where we'll absorb a lot of those people from the unemployment line. I'm starting to see some of that now at ProNet. Personally, I'm tickled to death to see it. It shows courage and initiative." "? Pieter Droog, branch manager, ProNet Reno

"I believe our unemployment rate will fall into single digits as more companies hire/rehire/expand. Usually companies hire managers before a large increase in other workers. The downside: Salary levels will still be lower than most individuals prefer. With the number of well qualified individuals still in the unemployment ranks, companies can still hire at bargain prices." "? Tom Fitzgerald, CEO, Nevadaworks

"I was glad to read about new jobs from West Corp., Fusion and the airport. But these are bright blue spots in an otherwise still gray sky. Perhaps there will continue to be a few out-of-state firms every month or two who see the advantage in our quality of life here and are willing to hire our workers." "? Elliott Parker, economist, University of Nevada, Reno

Source: http://www.rgj.com/article/20111227/BIZ/112270323/1071

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Amir Mirzaei Hekmati, American Accused Of Spying In Iran, In Hearing

TEHRAN, Iran ? An American man accused by Iran of working for the CIA could face the death penalty, the semiofficial Fars news agency reported Tuesday.

In a closed court hearing, the prosecution applied for capital punishment, the report said, because the suspect, identified as Amir Mirzaei Hekmati, "admitted that he received training in the United States and planned to imply that Iran was involved in terrorist activities in foreign countries" after returning to the U.S.

The prosecutor said Hekmati entered Iran's intelligence department three times.

The report said Hekmati repeated a confession broadcast on state TV Dec. 18.

Under the Iranian law spying can lead to death penalty only in military cases .

The Fars report said Hekmati's lawyer, who was identified only by his surname, Samadi, denied the charges. He said Iranian intelligence blocked Hekmati from infiltrating, and under the Iranian law, intention to infiltrate is not a crime.

The lawyer said Hekmati was deceived by the CIA. No date for the next court hearing was released.

Hekmati, 28, was born in Arizona. His family is of Iranian origin. His father, who lives in Michigan, said his son is not a CIA spy and was visiting his grandmothers in Iran when he was arrested.

Iran charges that as a U.S. Marine, he received special training and served at U.S. military bases in Iraq and Afghanistan before heading to Iran for his alleged intelligence mission.

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Source: http://www.huffingtonpost.com/2011/12/27/amir-mirzaei-hekmati-iran_n_1170844.html

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Tuesday, December 27, 2011

NFL: Minnesota 33, Washington 26

LANDOVER, Md., Dec. 24 (UPI) -- Joe Webb replaced the injured Christian Ponder and accounted for three touchdowns Saturday in Minnesota's 33-26 victory over Washington.

Ponder was hurt early in the second half, suffering a concussion on a combined sack by London Fletcher and Adam Carriker.

But Webb stepped into the breach, passing for a pair of touchdowns and running for another for the Vikings (3-12), who snapped a six-game losing streak.

Also going down to an injury was star Vikings running back Adrian Peterson, who left after sustaining a helmet-to-knee hit from Redskins safety DeJon Gomes at the start of the second half.

Toby Gerhart, however, came in and rushed for 109 yards on 11 carries for Minnesota.

The Redskins (5-10) were led by Rex Grossman with 284 yards, two touchdowns and one interception on 26-of-41 passing efficiency.

Evan Royster rolled up 132 rushing yards on 19 carries and Graham Gano kicked four field goals for Washington.

Source: http://c.moreover.com/click/here.pl?r5661834407

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Asia stocks mixed after weak US economy indicators (AP)

BANGKOK ? Asian stock markets were mixed in holiday-thinned trading Monday after weak U.S. indicators dulled optimism about prospects for the world's biggest economy.

Several markets were closed including Hong Kong, Singapore, Australia, Indonesia, Malaysia and New Zealand. Oil traders were also on holiday. Wall Street and European stock markets are closed Monday because Christmas fell on a Sunday this year.

Japan's Nikkei 225 stock index finished up 1 percent at 8,479.34 after being closed for a public holiday Friday while South Korea's Kospi fell 0.6 percent to 1,856.70.

China's Shanghai Composite Index shed 0.7 percent to 2,190.11. Markets in India and the Philippines gained while benchmarks inTaiwan and Thailand fell.

Figures showing that U.S. consumer spending and personal income rose by a modest 0.1 percent in November were below market expectations. The headline 3.8 percent increase in durable goods orders last month masked a decline in a crucial investment measure, benefiting from big orders for Boeing aircraft.

The data offset some of the optimism in markets about the U.S. economy following a run of largely positive indicators. Since Thursday, investors have taken heart from figures showing that the number of initial jobless claims in the U.S. unexpectedly fell 4,000 last week to 364,000, the lowest level since April 2008.

While the U.S. economy has been the dominant driver in markets the past few days, Europe's debt crisis is likely to remain the key market focus next year.

The Dow Jones industrial average rose 124.35 points, or 1 percent, to 12,294 on Friday in quiet pre-holiday trade. The Nasdaq composite index gained 19.19 points, or 0.7 percent, to 2,618.64. The Standard & Poor's 500 index added 11.33 points, or 0.9 percent, to 1,265.33.

In currencies, the euro was up 0.1 percent at $1.3068. The dollar was down 0.1 percent at 77.96 yen.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111226/ap_on_bi_ge/world_markets

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Monday, December 26, 2011

Pope condemns Nigeria attacks, prays for them to stop (Reuters)

VATICAN CITY (Reuters) ? Pope Benedict on Monday condemned the Christmas Day bomb attacks by Islamist militants in Nigeria as an "absurd gesture" and prayed that "the hands of the violent be stopped."

The pope, speaking from his window overlooking St Peter's Square in Rome, said such violence brought only pain, destruction and death.

Militants of the Boko Haram sect said they had set off the bombs, raising fears that they are trying to ignite sectarian civil war. Three of the five bombs hit churches and one killed at least 27 people at a Catholic church.

"Holy Christmas inspires us in a particularly strong way to pray to God so that the hands of the violent are stopped, (hands) that sow death in the world ..." the pope said.

He said news of the bombings in Nigeria had brought him "profound sadness" and he wanted to assure Nigeria's Christian community, hit by "this absurd gesture," that he was close to them.

"At this moment, I want to repeat once more forcefully: violence is a path that leads only to pain, destruction and death. Respect, reconciliation and love are the only ways to achieve peace," he said.

He appealed to all sectors of Nigerian society to work together to rediscover security and tranquility.

The pope did not say that the attacks had been carried out by the Boko Haram, which aims to impose sharia, Islamic law, across Africa's most populous country.

But he has in the past firmly condemned the concept of violence in God's name.

Conflict between Christians and Muslims in the developing world, mostly in Asia and Africa, is one of the Vatican's greatest worries.

Clashes have also taken place in Egypt between Muslims and minority Coptic Christians, who have their own pope but have mostly good relations with Rome.

Last month the pope chose a visit to the African country of Benin to issue a document on the future of the Catholic Church on the continent because the Vatican considers Benin a model for good relations between Christians and Muslims.

In Nigeria, on the other hand, there is a growing fear that Boko Haram is trying to ignite a sectarian civil war in a country split evenly between Christians and Muslims who for the most part coexist in peace.

(Reporting By Philip Pullella; Editing by Tim Pearce)

Source: http://us.rd.yahoo.com/dailynews/rss/africa/*http%3A//news.yahoo.com/s/nm/20111226/ts_nm/us_pope_nigeria

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RIM now faces legal challenge on "BBM" trademark (Reuters)

TORONTO (Reuters) ? Research In Motion, still smarting over having to change the name of its yet-to-come operating system, faces a similar trademark challenge to its popular instant-messaging service BlackBerry Messenger.

The service, which allows BlackBerry users to send each other text and multimedia files and see when they are delivered and read, is widely known and even promoted by RIM via the shorthand BBM.

That has proven an encumbrance to BBM Canada, which measures radio and television audience data and expects its day in a Federal Court against RIM by February.

The company's chief executive, Jim MacLeod, said he wants RIM to stop advertising the BBM moniker but would also consider changing his much smaller company's name, for a price.

"We have to be practical, they operate worldwide, we don't. But we're not prepared to just walk from our name," MacLeod said.

RIM seems equally determined to keep using the BBM name and not to pay MacLeod's company anything.

"We believe that BBM Canada is attempting to obtain trademark protection for the BBM acronym that is well beyond the narrow range of the services it provides and well beyond the scope of rights afforded by Canadian trademark law," it said in an emailed statement.

RIM has launched its BBM Music song-sharing service in recent months, and heavily promoted third-party apps that tie into its instant messaging product, which boasts some 50 million active users.

BBM Canada was established in 1944 as the Bureau of Broadcast Measurement. It changed its name to BBM in the 1960s and to BBM Canada in the early 1990s, MacLeod said. The company, owned by a collection of broadcasters and advertisers, has annual revenue of around $50 million. RIM's sales were more than $5 billion last quarter.

"I'm sure to a really big company this looks like relatively small numbers, but to us it's a big deal," said MacLeod. BBM Canada employs around 650 people, compared with RIM's roughly 17,000.

Earlier this month RIM dumped the "BBX" name for its new operating system after being served with an injunction in a trademark fight with U.S.-based Basis International. RIM has renamed the platform as BlackBerry 10.

Industry Canada denied RIM's 2009 request to register the BBM trademark, saying the name was already in use, but has granted RIM until January 5 to respond.

BBM Canada launched its legal action late last year.

MacLeod said his company contacted RIM in July, soon after RIM launched a large-scale BBM advertising campaign. In response to BBM Canada's cease-and-desist letter RIM said there couldn't possibly be any confusion between the two names - a similar tactic was later used in the BBX spat.

RIM repeated that line of argument in Friday's statement.

"The services associated with RIM's BBM offering clearly do not overlap with BBM Canada's services and the two marks are therefore eligible to co-exist under Canadian trademark law. The two companies are in different industries and have never been competitors in any area."

MacLeod sought a meeting to discuss the issue with RIM co-CEO Jim Balsillie several months ago, but said he has received no response.

McLeod pointed out that RIM had even taken legal action of its own against software startup Kik Interactive over its instant messaging service that includes claims of trademark infringement.

"It's a trademark they don't even own, it's ours," MacLeod said.

(Reporting by Alastair Sharp; editing by Rob Wilson)

Source: http://us.rd.yahoo.com/dailynews/rss/personaltech/*http%3A//news.yahoo.com/s/nm/20111223/wr_nm/us_rim_bbm

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Sunday, December 25, 2011

nationalrailenq: A bus shuttle service is currently running between London St Pancras International and Kentish Town. #fb

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Saturday, December 24, 2011

Mitt Romney Would Be One of America's Wealthiest Presidents (ContributorNetwork)

If Mitt Romney is elected president in 2012, one thing that will be discussed is his net worth. The Los Angeles Times reports Dec. 22 that Romney hasn't divulged his income tax returns and doesn't plan on doing so while he is running for president. The New York Times reported Dec. 11 that Romney has been criticized for offering a $10,000 bet on his position regarding health care. That amount of money struck a nerve with voters who feel Romney is out of touch with Americans who are suffering because of the economic recession.

Here's a look at how Romney's finances and wealth stack up to presidents of the past.

Romney's Income

Romney started his path to riches when he became vice president of Bain & Co. in 1978. CNN reported he earned and MBA at Harvard and then latched on with Boston Consulting Group before going up the corporate ladder.

Six years after learning the ins and outs of the investment industry, Romney started his own company in 1984 called Bain Capital. The company is a private equity company spun off from the Bain Company. Romney spent 15 years at Bain Capital. When he had political ambitions in Massachusetts, Romney quit his job but was able to put a lot of his wealth into investments as he retired from a private sector job.

His net worth in in 2007 was calculated at $202 million. He makes cash when he sells stock. The Boston Globe reported in August that the presidential candidate was going to bulldoze his $12 million beachfront mansion in La Jolla, Calif., and replace it with an 11,000 square-foot home that is nearly quadruple in size from the older one.

Past Presidents

In terms of past presidents who have actually held office, Romney's wealth pales in comparison to some famous names. The Atlantic Monthly reported on the wealth of presidents in May 2010. Romney's wealth nearly exceeds all of the previous nine presidents combined, including Barack Obama. John F. Kennedy's family estate was valued at $1 billion in today's dollars, the last president to be worth more than Romney's $202 million figure.

George Washington, based upon his family's land ownership and wealth accumulation, was worth around $525 million. Thomas Jefferson, despite his opulent mansion at Monticello, was worth around only $212 million. Abraham Lincoln owned less than $1 million in assets with his home in Illinois.

Should Romney be elected president, his personal assets will be on the side of one of the wealthiest presidents to hold office in United States history.

William Browning is a research librarian specializing in U.S. politics. Born in St. Louis, Browning is active in local politics and served as a campaign volunteer for President Barack Obama and Missouri Sen. Claire McCaskill.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ac/20111223/pl_ac/10738759_mitt_romney_would_be_one_of_americas_wealthiest_presidents

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In Memoriam: Nate Dogg, Heavy D Among Stars We Lost In 2011

MTV News remembers 'Jackass' daredevil Ryan Dunn, Alice in Chains bassist Mike Starr and Cali Swag District's M-Bone, among others.
By Tami Katzoff


Nate Dogg
Photo: Mark Sullivan/ WireImage

This year we lost some of our brightest stars: artists that spanned the genres of rock, hip-hop and pop, as well as TV and film. They were at different stages in their careers — some just starting to rise, others already legends — but all left a distinct mark on pop culture, and their deaths affected us deeply.

Beloved hip-hop icons Nate Dogg and Heavy D influenced the generations of artists who followed them. Nate (born Nathaniel Hale) died at age 41 after suffering several health setbacks related to a stroke. One of the key players in the birth of the West Coast G-Funk sound, the crooner's silky smooth vocals touched classic tracks from Snoop Dogg and Warren G to 50 Cent and Ludacris. Fun-loving Heavy D, a major force in the New Jack Swing era, had hits with songs like "We Found Love" and "Nuttin' But Love," but he had also branched out into film and theater. He was 44 when he died this past fall.

Photos: The celebrities gone too soon in 2011.

We lost Mike Starr, former bassist for the groundbreaking Seattle grunge band Alice in Chains. Like Amy Winehouse, who also died this year at the age of 27, Starr's talent was often overshadowed by dependency on alcohol and drugs.

Gun violence claimed the life of 22-year-old Montae Talbert, the Cali Swag District dancer otherwise known as M-Bone. And Australian actor Andy Whitfield, who got his big break when he was cast as the lead in the Starz TV series "Spartacus: Blood and Sand," was 39 when he succumbed to non-Hodgkin's lymphoma.

Finally, the MTV family mourned the death of "Jackass" daredevil and "Viva La Bam" star Ryan Dunn. The 34-year-old died on a rural Pennsylvania road along with his 30-year-old passenger, Zachary Hartwell, when their car slammed into a guardrail and caught fire.

Share your memories of those we lost this year in the comments below.

MTV continues our Best of 2011 coverage by looking back at the biggest pop-culture stories of the year. As we count down the newsmakers that mattered to you most, also check out our Best Artists, Best Songs, Best MTV Live Performances and Best EDM Artists of 2011.

Related Videos Related Photos Related Artists

Source: http://www.mtv.com/news/articles/1676441/dead-celebrities-2011-nate-dogg-heavy-d-amy-winehouse.jhtml

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Friday, December 23, 2011

Scholar's Opinion: In Support of the Resolution (ABC News)

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/177656295?client_source=feed&format=rss

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Big 2012 Election Lessons -- so far -- for the GOP (ContributorNetwork)

The campaign season has proven to be a remarkably entertaining process. We have witnessed the unshakeable tenacity of Mitt Romney vs. Everyone Else, allegations of sexual harassment and fantastic debate gaffes. The whole thing has felt a bit like an ongoing reality television show, which may explain Donald Trump's participation. While the campaign for the Republican nomination is far from over, it is never a bad thing to do a little performance evaluation.

Here are the top three lessons of the year for the GOP so far:

1. There's No Such Thing as the Perfect Candidate

Much has been written about the revolving door of the Not-Romney candidate. First came Michele Bachmann firing up evangelicals and tea partyers; then Rick Perry came storming in with name recognition and a highly vocal base; then it was Herman Cain as the outsider touting his 9-9-9 plan; and finally we have Newt Gingrich leaning on his experience and record as a legislator.

One by one they have fallen away (even Gingrich is beginning to slip in support, especially in Iowa) as the unsatisfied party-base members look for an alternative to Romney. Romney's national polling numbers have held steady in the mid to low 20 percent area, which would seem to indicate that his base is sticking with him. With such a major split in the party and the solidarity of the Romney camp, the GOP must learn that there is no such thing as the candidate who can fire up support from the entire party. Someone is going to have to settle.

2. Party Elites Favor Each Other

This is the norm, according to Ramesh Ponnuru of The National Review Online. The label of "Not-Romney" has also often carried with it "anti-establishment." Most of Romney's challengers have attempted to label themselves as the candidates of change. But there is something to be said for being an establishment candidate. As of this writing, Romney has received the endorsement of Gov. Nikki Haley (R- SC) former Minnesota Gov. Tim Pawlenty, Gov. Chris Christie (R- NJ), former Senate Majority Leader Bob Dole and Sen. Orrin G. Hatch (R- UT), among many others including representatives, senators, governors and former officials across the country. He has also received the endorsement of the following newspapers: The Des Moines Register, Foster's Daily Democrat, National Review Online, Sioux City Journal, The Oklahoman and the Washington Examiner with others sure to come as the primary and caucus season kicks further into gear. Members of the establishment are usually the ones who influence decisions the most, so the anti-establishment candidate, while generally popular, will struggle to turn that into delegate votes.

3. Everything Not in Moderation

John Sides at Five Thirty Eight notes that it is the tendency of parties to nominate more extreme candidates in the elections following losing the White House. This phenomenon is especially true with the rise of the tea party. This has forced candidates to run to the right of where they normally have run; just check out the positions on issues like abortion, health care and cap-and-trade by Romney and Gingrich. It has given the already extreme-right candidates more exposure. Candidates like Rick Santorum and Bachmann probably would not have lasted more than a few weeks in a field like the 2008 Republican field. The Republican nominee, whoever it is and whatever positions he or she has held in the past, is likely to support much more extreme conservative positions. The more moderate members of the party need to learn to either accept that or look to their only alternative.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ac/20111220/pl_ac/10717525_big_2012_election_lessons__so_far__for_the_gop

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Thursday, December 22, 2011

McDonald's Mystery Santa Buys $500 In Gift Cards For Homeless And Hungry

The homeless shelter at the Sweetwater Baptist Church in Waycross, Ga., only has eight beds. But this holiday season, thanks to one mystery Santa Claus, the people that sleep in them won't go hungry. According to the Florida Times-Union, the mystery man in question walked into a McDonald's in Waycross and bought 20 gift cards worth $25 each -- a total of $500 -- and asked the manager that they be "used for the hungry and homeless."

The manager, Brian Fey, described the mystery Santa as unremarkable looking and around 40 years old. Fey said that he was so touched by the donation that he is matching it dollar for dollar. He gave half the gift cards to the Baptist Church and the other half to a food pantry in neighboring Blackshear.

The McDonald's Mystery Santa seems to be the first of his kind to attract wide notice -- but anonymous Christmastime donation is no new phenomenon. Other such stories from this year alone include a mysterious $50,000 Salvation Army donation and reports of mystery men paying off K-Mart layaway gifts in the Washington, D.C. area.

The McDonald's Mystery Santa may not, in some sense, be quite as wholesome as those two -- it would probably have been better to give homeless men $500 worth of healthy food than McDonald's. But somewhat misguided charity is surely better than no charity at all.

Related on HuffPost:

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Source: http://www.huffingtonpost.com/2011/12/20/mcdonalds-mystery-santa_n_1161278.html

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Monday, December 19, 2011

Android 4.0 (Ice Cream Sandwich) comes to GSM / UMTS Nexus S starting today

You heard right -- Google itself has just affirmed on its own social networking branch that Android 4.0 will begin to hit GSM / UMTS (sorry, Sprint users!) Nexus S devices over the coming month, with the luckiest few to get it today. Outside of that, there's no more specific time table to be had, but if you're able to suck it down in the coming hours, definitely sound off on the improvements in comments below.

Update: Looks like the package is available to download and install (at your own risk, of course) for Nexus S, AWS version (T-Mobile compatible). Huzzah!

Android 4.0 (Ice Cream Sandwich) comes to GSM / UMTS Nexus S starting today originally appeared on Engadget on Fri, 16 Dec 2011 16:05:00 EDT. Please see our terms for use of feeds.

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Sunday, December 18, 2011

Clooney vs. Gosling: Who should win?

FILE - In this Sept. 27, 2011 file photo, director, writer, and cast member George Clooney, right, and cast member Ryan Gosling pose together at the premiere of "The Ides of March", in Beverly Hills, Calif. Clooney and Gosling both received multiple nominations for Golden Globe awards on Thursday, Dec. 15, 2011. Gosling was nominated for best actor in a motion picture drama for his role in "The Ides of March," and best actor in a comedy film for his role in "Crazy, Stupid Love." Clooney was nominated for best actor in a motion picture drama for his role in "The Descendants," and as best director for "The Ides of March." (AP Photo/Matt Sayles, file)

FILE - In this Sept. 27, 2011 file photo, director, writer, and cast member George Clooney, right, and cast member Ryan Gosling pose together at the premiere of "The Ides of March", in Beverly Hills, Calif. Clooney and Gosling both received multiple nominations for Golden Globe awards on Thursday, Dec. 15, 2011. Gosling was nominated for best actor in a motion picture drama for his role in "The Ides of March," and best actor in a comedy film for his role in "Crazy, Stupid Love." Clooney was nominated for best actor in a motion picture drama for his role in "The Descendants," and as best director for "The Ides of March." (AP Photo/Matt Sayles, file)

(AP) ? George Clooney vs. Ryan Gosling ... it really is a matter of personal preference, isn't it? And maybe it's a generational thing, too.

Both actors are sexy and gorgeous, of course, but both also have chosen difficult film roles that intentionally play down their looks. Both ooze movie-star charisma but both have displayed versatility, as well.

And both will be competing in the category of best actor in a drama at the Golden Globe Awards on Jan. 15; nominations were announced Thursday morning. Clooney is up for "The Descendants," in which he plays a father struggling to raise his two daughters while his wife is in a coma; Gosling is up for "The Ides of March," in which he plays a cunning campaign strategist for a democratic presidential hopeful ... played by Clooney. (Gosling also received a nomination for best actor in a comedy for playing a ladies man in "Crazy, Stupid, Love.")

Perhaps a little tale of the tape can help us determine an early winner:

AGE: Clooney just turned 50 this year; Gosling is 31.

HEIGHT: Clooney is 5-foot-10; Gosling is 6-foot-1.

HOMETOWN: Clooney was born in Lexington, Ky.; Gosling grew up in Cornwall, Ontario, Canada.

MOST IMPRESSIVE PERFORMANCE: For Clooney, it's so hard to choose, simply because he's been around longer and made more movies. Maybe "Syriana" (see below) because it was so demanding both physically and emotionally. But man, is he great in "Michael Clayton." As for Gosling, he had to dig deep for "The Believer" (2001), in which he played a Jewish man who becomes an anti-Semitic skinhead. It was an early indication of his vast talent. But man, is he great in "Blue Valentine."

MOST OUT-THERE PERFORMANCE: Clooney showed his goofy side as a smooth-talking escaped convict in the Coen brothers' 2000 comedy "O Brother, Where Art Thou?" Gosling fell in love with a life-sized doll named Bianca in 2007's "Lars and the Real Girl."

BRUSHES WITH OSCAR: Clooney packed on the pounds, grew a shaggy beard and became virtually unrecognizable to play a CIA operative in 2005's "Syriana," which earned him the Academy Award for best supporting actor. That same year, he also was nominated for directing and co-writing the TV news drama "Good Night, and Good Luck." Since then, he's earned two other best-actor nominations: for "Michael Clayton" (2007) and "Up in the Air" (2009). Gosling was a surprise nominee for 2006's "Half Nelson" ? not because he was undeserving, far from it, but because it was such a small, little-known film. He played a middle-school teacher with a drug problem.

EMBARRASSING BEGINNINGS: Clooney rocked the mullet in the mid-'80s on the sitcom "The Facts of Life," where he played a handyman named George. Gosling was a member of "The Mickey Mouse Club" in the early 1990s, around the same time as Justin Timberlake, Britney Spears and Christina Aguilera.

"SEXIEST MAN ALIVE" STATUS: Clooney has the rare distinction of winning the annual honor from People magazine twice: in 1997 and 2006. Gosling hasn't won ? yet ? but this year's winner, Bradley Cooper, has conceded that Gosling deserved the title more than he did.

ON-SCREEN ROMANCES: Clooney: Michelle Pfeiffer ("One Fine Day"); Jennifer Lopez ("Out of Sight"); Julia Roberts ("Ocean's Eleven" and "Ocean's Twelve"); Catherine Zeta-Jones ("Intolerable Cruelty"); Vera Farmiga ("Up in the Air"). Gosling: Rachel McAdams ("The Notebook"); Michelle Williams ("Blue Valentine") Emma Stone ("Crazy, Stupid, Love"), Carey Mulligan ("Drive"); an anatomically correct sex doll ("Lars and the Real Girl").

OFF-SCREEN ROMANCES: Clooney is divorced from actress Talia Balsam and has dated model Lisa Snowdon, former reality show contestant and cocktail waitress Sarah Larson and actress Elisabetta Canalis. He is now dating former WWE star Stacy Keibler. Gosling previously dated his "Notebook" co-star McAdams and has been linked most recently to Eva Mendes.

THE WINNER: A tie. While Clooney will probably win on Golden Globe night, Gosling is so hot these days he seems unstoppable.

___

Contact AP Movie Critic Christy Lemire through Twitter: http://twitter.com/christylemire.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2011-12-16-Golden%20Globe%20Nominations-Clooney%20vs%20Gosling/id-e183032921de42e39bd35ca46024c6f8

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Newt Gingrich Signs National Organization For Marriage's Anti-Gay Marriage Pledge

Shortly after signing the Family Leader's controversial "Marriage Vow" pledge, Republican presidential candidate Newt Gingrich signed another anti-gay marriage pledge, this time from the National Organization for Marriage.

Signing the pledge means Gingrich has committed to backing a U.S. constitutional amendment against same-sex marriage and defending the Defense of Marriage Act in court. If elected president, Gingrich must also appoint judges and a U.S. attorney general who "will respect the original meaning" of the U.S. Constitution's definition of marriage as between a man and a woman, according to NOM's website.

NOM's pledge has now been signed by every major Republican presidential candidate but Ron Paul. Michele Bachmann, Mitt Romney and Rick Santorum signed the pledge back in August.

Gingrich recently came under fire from his gay half-sister Candace Gingrich-Jones for his views against gay marriage. "He is definitely on the wrong side of history when it comes to those issues," Gingrich-Jones said, adding that she is endorsing Obama in the 2012 election.

Also on HuffPost:

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Source: http://www.huffingtonpost.com/2011/12/16/newt-gingrich-national-organization-for-marriage_n_1154081.html

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Saturday, December 17, 2011

Europe crisis "serious risk" to outlook: Treasury (Reuters)

WASHINGTON (Reuters) ? Europe's debt crisis has deepened and become more entrenched, posing a serious risk to the economic outlook, a senior Treasury official told lawmakers on Friday.

Mark Sobel, Treasury deputy assistant secretary for international affairs, said in prepared testimony before the House of Representatives Oversight subcommittee that the crisis has sharply weakened Europe's economic prospects for next year.

"Growth in the euro area is projected by most analysts to be negative this quarter and into early 2012, with weak growth persisting in 2012," Sobel said.

He added that Europe's problems were a "serious risk for the U.S. economic outlook and said that President Barack Obama and Treasury Secretary Timothy Geithner were "actively engaged" with European counterparts to help them deal with the crisis.

Sobel also repeated Obama administration's views that stronger European countries must do more to contain the crisis on their own.

"As European countries act to develop critical economic reforms and to strengthen fiscal governance, Europe must also continue mobilizing the requisite resources to put in place a strong and credible firewall commensurate with the scale of the challenge," he said. It must do so quickly, with force and determination."

While the International Monetary Fund can play a role in easing the crisis, "the IMF cannot substitute for a strong and credible European firewall and response," he added.

(Reporting By David Lawder; Editing by Theodore d'Afflisio)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20111216/bs_nm/us_eurozone_usa_treasury

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Japan central bank says business confidence falls

TOKYO (AP) ? A key central bank survey showed Thursday that confidence at major Japanese manufacturers fell over the last quarter, as the export-reliant country battled a strong yen and an increasingly precarious global economy.

In the Bank of Japan's "tankan" survey of business sentiment, the main index for big manufacturers fell to minus 4, in the first deterioration in two quarters. Three months ago, it stood at 2.

The figure represents the percentage of companies saying business conditions are good minus those saying conditions are unfavorable, with 100 representing the best mood and minus 100 the worst.

The result is slightly worse than Kyodo News agency's average market forecast for a reading of minus 2.

Large manufacturers also don't expect to feel better anytime soon. The central bank forecasts the index to fall to minus 5 over the next three months.

Japan has been battling a strong yen, which has hit multiple historic highs this year against the dollar. Amid Europe's debt problems and economic uncertainty in the U.S., global investors have looked to the Japanese currency as a relatively safe haven.

But Japan relies on exports to drive growth, and the yen's appreciation has hit companies such as Toyota Motor Corp. and Sony Corp. hard. When the yen climbs, it reduces the value of exporters' overseas profits when repatriated to Japan.

That has forced companies to shift more production overseas, prompting worries about a hollowing out of Japanese industry.

The most pessimistic of the big manufacturing group was the electrical machinery sector ? including audio and video equipment ? which tumbled to minus 21 from minus 5. Companies doing business in petroleum products and heavy machinery also recorded big declines.

The auto industry, however, showed surprising resilience. Its index jumped seven points to 20, despite the yen and recent parts supply problems due to the flooding in Thailand.

Big non-manufacturers were feeling more optimistic as well. Their confidence index rose to 4 from 1 three months earlier.

The reading for medium-sized manufacturers was flat at minus 3, while the small manufacturers index improved to minus 8, up from minus 11.

The survey, which helps guide monetary policy, showed that large companies overall plan to boost capital spending by 1.4 percent this fiscal year through March 2012. The figure is down from 3 percent in the September survey.

Large manufacturing companies assume an average exchange rate of 79.02 yen per dollar for this fiscal year, compared with 81.15 yen three months ago.

Big companies expect profits to retreat 9 percent this fiscal year after jumping 46 percent last year.

The Bank of Japan surveyed 10,846 companies nationwide. About 99 percent responded.

The bank's next policy board meeting is scheduled for Tuesday and Wednesday.

___

Follow Tomoko A. Hosaka at http://twitter.com/tomokohosaka

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-12-14-AS-Japan-Economy/id-1a1d5c4f14974f2cbcb3200342025734

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