Tuesday 31 January 2012

Senate clears way for vote on insider-trading ban (AP)

WASHINGTON ? Some members of Congress want to include executive branch employees in a bill that would ban lawmakers from using nonpublic information to made stock trades. The bill also would require public reporting of new securities transactions within 30 days, all part of an effort by Congress to boost its dismal approval ratings that are now in the teens.

House Majority Leader Eric Cantor told reporters Tuesday that if the bill now before the Senate isn't expanded to include the executive branch, he would add that provision to a bill expected to receive a House vote sometime in February.

A Senate amendment proposed by Sen. Tom Coburn, R-Okla., would include the executive branch.

"Why would this rule not apply to executive employees in the administration?" Coburn asked.

Actually, parts of the bill already apply, but not the 30-day reporting requirement.

Standards of conduct for the executive branch prohibit government workers from "engaging in financial transactions using nonpublic information, or allowing the improper use of nonpublic information to further private interests." Senior executive branch officials must publicly file annual financial disclosure reports ? the same as members of Congress and their senior staff.

It was unclear when the Senate would be ready to vote on the legislation.

U.S. lawmakers already are subject to the same penalties as other investors who use non-public information to enrich themselves, though no member of Congress in recent memory has been charged with insider trading. In 2005, the Securities and Exchange Commission and Justice Department investigated then-Senate Majority Leader Bill Frist's sale of stock in his family's hospital company, but no charges were ever brought against the Tennessee Republican.

Voters may believe lawmakers who are paid an annual salary of $174,000 are enriching themselves ? especially if those voters saw a segment of CBS' "60 Minutes" in November. The show questioned trades by a House committee chairman, the current speaker and his predecessor's husband. Rep. Spencer Bachus, R-Ala., Speaker John Boehner, R-Ohio, and former Speaker Nancy Pelosi, D-Calif., all denied wrongdoing. Bachus chairs the Financial Services Committee.

A recent Wall Street Journal/NBC News poll of registered voters found 56 percent favored replacing the entire 535-member Congress. Other polls this year have given Congress approval ratings between 11 percent and 13 percent, while disapproval percentages have ranged from 79 percent to 86 percent.

The bill is titled the Stop Trading on Congressional Knowledge (STOCK) Act. President Barack Obama has endorsed it.

The Senate bill would prohibit lawmakers from tipping off family members or others about non-public information that could influence a stock's price, in addition to the explicit ban itself. And it would direct the House and Senate ethics committees to write rules that would make insider trading violators subject to congressional punishment.

Source: http://us.rd.yahoo.com/dailynews/rss/uscongress/*http%3A//news.yahoo.com/s/ap/20120131/ap_on_go_co/us_congress_insider_trading

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Marine gets jail time, reduced rank in hazing case (AP)

KANEOHE BAY, Hawaii ? A Hawaii-based Marine lance corporal accused of hazing in Afghanistan is going to jail for 30 days and will have his rank reduced to private first class for punching and kicking a fellow Marine who killed himself shortly afterward.

Navy Capt. Carrie Stephens, the judge in Lance Cpl. Jacob Jacoby's special court-martial, handed down the sentence after Jacoby, 21, pleaded guilty to assault.

The Marine admitted he punched and kicked Lance Cpl. Harry Lew of Santa Clara, Calif. As part of the plea deal, prosecutors withdrew charges that Jacoby humiliated and threatened Lew.

Stephens said she found no evidence that Jacoby's abuse of Lew caused Lew to kill himself, and she didn't take the suicide into account when determining the sentence.

Two other Marines have also been accused of hazing Lew and face courts-martial.

Jacoby said he acted out of anger and frustration that his fellow Marine had repeatedly fallen asleep while on watch for Taliban fighters.

He told the court he wanted to talk to Lew, to find out why he kept falling asleep, and to help him stay awake. But Jacoby said he got angry when Lew spoke to him in a disrespectful manner, even though Lew was putting the lives of the Marines at their patrol base in danger by dozing off.

Before sentencing, Jacoby said he was sorry and that he wanted to take responsibility for his actions.

"I allowed my emotions and frustrations to get the best of me, and acted out against a fellow Marine," Jacoby said.

He said he will never forget the pain and humiliation of being court-martialed, and believes he can use his experience to help other Marines.

Marine Capt. Jesse Schweig said the government was confident Jacoby is capable of rehabilitating himself.

But Schweig asked the judge to sentence Jacoby with an eye on deterring similar behavior. He said Jacoby should be given a bad conduct discharge.

"If this is how you're going to approach and motivate your peers, then you do not need to be a part of the service," Schweig said in closing remarks at the sentencing hearing.

Navy Lt. John Battisi, Jacoby's attorney, said Jacoby lost his temper and struck Lew ? but argued Jacoby made sure to hit Lew on his body armor where he was best protected.

He also asked the judge to keep in mind the circumstances the Marines were in, and that the chain of command hadn't addressed Lew's sleeping problem and instead had left the issue in Jacoby's hands that night.

"We're asking him to control his emotions and gain emotional maturity in the heat of battle," Battisi said in his closing remarks.

Lew committed suicide April 3 at a patrol base in Helmand province, shortly after the abuse. The 21-year-old was a nephew of U.S. Rep. Judy Chu.

Two other Marines also are accused of hazing Lew before he shot himself with his machine gun in his foxhole. Sgt. Benjamin Johns, the leader of the squad the Marines belonged to, and Lance Cpl. Carlos Orozco III will have their own separate courts-martial later.

Both Marines watched the court proceedings Monday.

Lew's father, Allen Lew, testified during the sentencing hearing that his son wanted to join the Marines because he felt it was "the best."

He said was shocked to hear about his son's death, and his legs buckled when Marines came to his house at 7:30 a.m. with the news in April.

"My son died ? I have only one son," Lew said. He said he doesn't understand how Marines could do the things they did to their own.

Chu, D-Calif., attended the hearing. "I want to make sure that there is justice for Harry. And I want to support these brave persons, his parents," she told reporters beforehand.

The attorney representing Johns said he was concerned the presence of a politician will taint the process and interfere with justice.

"How do I get a fair jury? What implicit message is she trying to send to those panel members?" said Tim Bilecki, a defense attorney who specializes in military clients.

Chu said that wouldn't be the case. "I'm not going to be saying anything in the trial. All I'm doing is being here. I'm here for the family to support them," she said.

The case involves the actions of Marines at an isolated patrol base the U.S. was establishing to disrupt Taliban drug and weapons trafficking in Helmand province.

Squad members and officers had tried different methods to get him to stay awake, including referring him up the chain of command for discipline and taking him off patrols so he could get more rest.

But on Lew's last night, when he fell asleep again, those efforts escalated into alleged acts of violence and humiliation, according to the charges. The Marines were accused of punching and kicking him, making him do push-ups and pouring sand in his face.

A central issue in the case has been whether the Marines intended to humiliate and harm Lew or discipline him so he would stop falling asleep while on watch duty.

Before Lew put the muzzle of his machine gun in his mouth and pulled the trigger, he scrawled a note on his arm: "May hate me now, but in the long run this was the right choice I'm sorry my mom deserves the truth.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120131/ap_on_re_us/us_marines_alleged_hazing

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Stock futures down as Greek budget issues loom (Reuters)

NEW YORK (Reuters) ? Stock index futures fell on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.

Bank stocks led the way lower after a report that Germany was pushing for Greece to give up control over its budget policy to European institutions as part of discussions over a second bailout package.

The issues in Greece added to uncertainty ahead of a Monday summit where European Union leaders will sign off on a permanent rescue fund for the euro zone. The leaders are expected to agree on a balanced budget rule in national legislation.

Barclays Plc (BCS.N) fell 2.7 percent to $13.71, and Deutsche Bank (DB.N) sank 3.8 percent to $42.75. European shares were down 0.6 percent while an index of European banks (.SX7P) lost 2.4 percent.

While sentiment has improved over the euro zone lately, with the S&P 500 up 4.7 percent this month, many investors still view the region with caution as setbacks in solving its sovereign debt issues could hamper international economic growth and erode domestic bank profits.

Standard & Poor's late Friday issued negative ratings on three brokerage firms, including Jefferies Group Inc (JEF.N), citing the impact of a prolonged crisis in Europe.

S&P 500 futures fell 7.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 81 points and Nasdaq 100 futures sank 13.75 points.

Issues in Europe have taken a backseat to the focus on corporate earnings in recent weeks. So far a majority of companies have topped analyst consensus expectations, though by a lower rate than previous quarters.

Gannett Co (GCI.N) and McKesson Corp (MCK.N) are scheduled to report Monday, with Amazon.com Inc (AMZN.O) Exxon Mobil Corp (XOM.N) and Pfizer Inc (PFE.N) on tap for later this week.

Swiss engineering group ABB (ABBN.VX) agreed to buy U.S. electrical components maker Thomas & Betts Corp (TNB.N) for $3.9 billion in cash.

Bank of America Corp (BAC.N) is shaking up the leadership of its investment bank as it looks to find its footing in a difficult market environment. The stock fell 2 percent in premarket trading.

Economic indicators on tap for Monday include December personal income and consumption data, as well as a measure of U.S. Midwest manufacturing. Income is seen rising 0.4 percent after a 0.1 percent rise in November, and consumption is forecast to rise 0.1 percent from November.

U.S. stocks trimmed losses to end little changed on Friday, as investors saw dips in the market as an opportunity to buy into what has been a strong first month of 2012.

(Editing by Padraic Cassidy)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120130/bs_nm/us_markets_stocks

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Friday 27 January 2012

Romney pressures Gingrich at Florida debate

Gingrich-Romney
Republican presidential candidate former Speaker of the House Newt Gingrich (L) listens as Massachusetts Governor Mitt Romney makes a point during the Republican presidential candidates debate in Jacksonville, Florida January 26, 2012. (REUTERS/Scott Audette)

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JACKSONVILLE, Fla. - Republican presidential hopeful Mitt Romney took the fight to chief rival Newt Gingrich on Thursday in his most aggressive debate performance yet, five days ahead of Florida?s primary vote.

A neck-and-neck race for Florida and its importance for the Republican presidential nomination made for a combustible atmosphere at the University of North Florida in Jacksonville as the candidates sparred repeatedly.

Gingrich, who has displayed a mastery of debating skills during previous debates, was frequently caught flat-footed under attack from Romney who went after his chief rival in an attempt to put his campaign back on track after losing South Carolina last Saturday.

Gingrich and Romney are running close in polls before next Tuesday?s primary vote in Florida, the biggest state so far in the early voting for the Republican nomination to face President Barack Obama in November. The most recent polls put Romney ahead.

Romney, a former Massachusetts governor, took umbrage at Gingrich?s description of him as ?anti-immigrant.?

?That?s inexcusable,? Romney said, turning to his rival. ?I?m not anti-immigrant. My father was born in Mexico. ... The idea that I?m anti-immigrant is repulsive. Don?t use a term like that.?

Gingrich, who has offered a softer version of immigration policy than most Republican conservatives, insisted the United States could not rationally deport millions of people and that some who had lived here for decades should be allowed to stay.

But he added some confusion to his position by saying he would support some version of ?self-deportation,? the very issue he has criticized Romney for supporting.

?Newt needed a big night to turn around the momentum and he didn?t get it. He struck me as tired and too ticked for his own good,? wrote conservative columnist Rich Lowry on the National Review?s website. His blog post was titled ?Newt?s worst night.?

GINGRICH ATTACK FELL FLAT

Gingrich has enjoyed support from rock-ribbed conservatives in debate audiences by attacking debate moderators.

But this time, his effort to chastise CNN moderator Wolf Blitzer over a question about Romney?s tax disclosures fell flat when Blitzer stood his ground and insisted Gingrich explain a comment he made in a TV interview that Romney ?lives in a world of Swiss bank and Cayman Island bank accounts.?

Gingrich did draw attention to Romney?s vast wealth, which was put under the microscope this week when the former private equity executive release two years of tax documents.

?I don?t know of any American president who has had a Swiss bank account. I?d be glad for you to explain that sort of thing,? he said.

But Gingrich was ridiculed by Romney, Rick Santorum and Ron Paul for telling laid-off space workers near Cape Canaveral on Wednesday that if elected president next November he would seek to build a permanent colony on the lunar surface.

It was the kind of claim that supports criticism that Gingrich has grandiose yet far-fetched ideas.

Romney said the money could be better spent elsewhere, that Gingrich?s proposal was a big idea but not a good one. Paul, a Texas congressman and libertarian, got off the zinger of the night.

?I don?t think we should go to the moon,? said Paul. ?I think maybe we should send some politicians up there.?

Bickering erupted from the first question over illegal immigration, and intensified over Gingrich?s past work for the troubled mortgage giant Freddie Mac.

Romney raised Gingrich?s work for Freddie Mac as a sign that his rival was an influence peddler, a ?horn tooter? for Freddie Mac. Romney has attacked Gingrich all week for accepting $1.6 million in consulting fees from Freddie Mac.

Gingrich fought back. ?Romney made $1 million dollars on Fannie Mae and Freddie Mac,? he said, an attack that fell flat when Romney pointed out that Gingrich owns stock in the two government-sponsored entities at the heart of the U.S. housing crisis.

The candidates, asked which of their wives would make the best first lady of the White House, chose their own, except for Gingrich, who said they would all be terrific, including his wife, Callista.

?I would rather just talk about why I like Callista, and why I?d like her to be first lady, but she?s not necessarily in any way better. These are wonderful people, and they would be wonderful first ladies,? he said.

Source: http://www.torontosun.com/2012/01/26/romney-pressures-gingrich-at-florida-debate

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Thursday 26 January 2012

Some Wash. wheat farmers back labels for GM foods (AP)

YAKIMA, Wash. ? Some Washington state wheat farmers have thrown their support behind legislation requiring labeling of genetically modified foods, giving food safety advocates fresh hope that lawmakers also will get behind the bill.

They haven't been receptive to the idea in the past, and lawmakers at the national level and in more than a dozen states have rejected similar proposals in the past year.

But in an unusual pairing, a handful of Washington wheat farmers have joined so-called "foodies" to back the latest bill, fearing exports will be hurt if and when genetically modified wheat gains federal approval. The U.S. exports half of its wheat, and in Washington, the only bigger export is Boeing Co.'s airplanes.

Biotechnology giants Monsanto and Syngenta have announced plans to begin testing genetically modified wheat, though the product is likely a decade or more from being offered commercially.

Resistance from the European Union and Japan led Monsanto to abandon similar efforts in 2004. Pacific Rim countries haven't historically been friendly to genetically modified products, and they remain the biggest buyers of Washington wheat.

"If we do nothing, we will be destroyed," said Tom Stahl, a fourth-generation farmer in the small town of Waterville, Wash., about 100 miles east of Seattle. "We will lose our markets and that will be devastating for the eastern Washington economy."

Monsanto and Syngenta representatives didn't immediately return messages left after a Thursday hearing on the bill.

Dozens of people testified at a packed Senate committee hearing in Olympia, Wash., where the committee chairman raised concerns about passing a bill that may conflict with federal law.

About 50 countries require genetically modified foods to be labeled, but the U.S. isn't one of them. Only Alaska has enacted legislation at the state level, requiring the labeling of genetically engineered fish and shellfish products.

Supporters said that bill was needed to protect one of Alaska's most lucrative and important industries, though genetically engineered fish are not yet on the market.

The Washington bill would require genetically engineered foods or foods containing genetically engineered ingredients to be labeled with the ingredients listed effective July 1, 2014. The rule would apply to all foods sold in the state, although those in which GM ingredients make up less than half of 1 percent would be exempt.

The federal government's position is that approved genetically modified foods are not substantially different than conventional products. Critics say requiring GM foods to be labeled will increase packaging costs and state spending on enforcement.

More than 90 percent of corn and soybeans in this country are grown from genetically modified seed, said Karen Batra, spokeswoman for the Washington, D.C.-based Biotechnology Industry Association, a trade group that advocates for biotechnology members, including Monsanto and Syngenta.

"Ultimately, you're not providing any meaningful information to consumers, because you end up labeling the majority of products," she said by telephone. "Consumers already have a choice: If they don't want biotech foods, they can buy organic."

Batra declined to speculate on whether opponents would challenge the bill in court if it passed.

Wheat has lagged behind other crops in terms of innovation, and biotechnology offers tools to deal with problems like drought and increase sustainable production, said Jane DeMarchi, the National Association of Wheat Grower's director of government affairs for research and technology.

DeMarchi said in a telephone interview that her group has been talking to people who buy wheat, including those overseas, to determine what they want from U.S. farmers and educate them about genetically modified wheat.

She said she recognized the farmers' concerns but stressed that each one has a choice of what to grow and how to label it.

"We support voluntary labeling of food products, provided it's consistent with U.S. law and trade agreements and that it's truthful and not misleading," she said.

The problem with voluntary labeling is that it puts the burden on companies whose products aren't a problem, said Trudy Bialic, director of public affairs for PCC Natural Markets, the largest consumer owned and operated grocery retailer in the U.S. It supports the bill as a means of educating consumers, preserving the identity of non-GM foods and protecting export sales.

"In my view, a lot of federal law has started at the state level," Bialic said. "This has to start at a state level, because the federal government won't take it up."

Source: http://us.rd.yahoo.com/dailynews/rss/biotech/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_re_us/us_food_and_farm_gmo_labeling

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This Is Real Team Work [Image Cache]

And the cutest photo of the day award goes to If You Can't Reach That Nintendo 3DS, Team Up With Your Twin Sister. I wonder how often do they change places. [Google+Thanks Gustavo!] More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/ZruK_ArHKAk/this-is-real-team-work

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Wednesday 25 January 2012

Windows Phone Android iPhone Market Share - Business Insider

steveballmer clapping tbiWindows Phone will surpass iPhone in market share in 2015, according to research firm iSuppli.

iSuppli attributes the giant increase in market share over the next few years "largely" to the introduction of the Nokia Lumia 900, which Nokia launched at CES last week in Las Vegas.

In 2015, Android will lead the two runners up by a very hefty margin with 58.1% market share.?

iSuppli joins Gartner and IDC, which made the same prediction last year (in April, and in March, respectively).

See below for the chart from iSuppli, via WMPowerUser:

Source: http://www.businessinsider.com/windows-phone-iphone-android-market-share-2012-1

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The New Yorker's dissection of the 'Obama memos': 5 takeaways (The Week)

New York ? Reporter Ryan Lizza is out with a "monster" 11,000-word investigation into hundreds of pages of secret White House memos. A look at the highlights

When Barack Obama entered the White House in 2009, he really believed that bipartisanship was viable in Washington, that he could overcome 40 years of increasingly bitter division between Republicans and Democrats, and that American politics is played "between the 40-yard lines," says Ryan Lizza in?The New Yorker. Now, Lizza's review of hundreds of previously unreleased internal White House documents details Obama's rude awakening, and how he gave up his audacious hopes of transforming Washington in favor of getting things done as a "post-post-partisan" president. Here, five takeaways from Lizza's "monster" 11,000-word look at "the Obama memos":

1. The stimulus was too small ? by design
Lizza's big score is a December 2008 memo from Larry Summers and Obama's other top economic advisers, says Ezra Klein at?The Washington Post. The 57-page memo (which Lizza posted in full) "contains the economic team's first thoughts on almost everything the White House would go on to do," from the $787 billion stimulus package to health care reform. The memo acknowledged that the economy faced a $2 trillion hole, but suggested a stimulus no larger than $890 billion. That's because the government could only manage "about $225 billion of actual spending on priority investments" in the short term; less-stimulative components like tax cuts and aid to states offered diminishing returns; "an excessive recovery package could spook markets or the public and be counterproductive"; and Obama could ask Congress for more stimulus later if needed. They really got that last bit wrong, and grossly underestimated the depth of the financial crisis, says Derek Thompson at?The Atlantic. But there's still "quite a lot that Summers and his team got right" in their "rich and complicated report."

SEE MORE: Obama's recess appointments: Unconstitutional?

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2. Obama wanted a "moon shot" in the stimulus
After reading Summers' memo, Obama didn't push for a $1 trillion stimulus. But he still wanted something "bold and iconic" in the package, says Lizza: An "inspiring 'moon shot' initiative, such as building a national 'smart grid.'" Obama's economic team shot the idea down, arguing that large initiatives were too expensive and too long-term to jolt the economy. Instead, Obama requested $20 billion for high-speed trains. Two years later after Obama gave up on his "metaphorical moon-shot idea," he agreed to cut his predecessor's NASA Constellation project, designed to return astronauts to the moon, and America's "actual moon-shot program was dead, too."

3. He really, really wanted GOP support for health care reform
When Obama arrived in Washington, his idea of forming a centrist coalition didn't seem far-fetched ? "after all, the pillars of his agenda seemed to enjoy bipartisan support," says Lizza. His health care reform plan, for example, "had been designed and employed by a Republican governor, Mitt Romney." The memos show Obama so gung-ho "to secure Republican cooperation and support" that he backed GOP-favored ideas like tort reform and scrapped good "initiatives like the public option, end-of-life counseling, and a host of other provisions that Republicans found repugnant," says Igor Volsky at?ThinkProgress. He learned too late that Republicans would oppose any idea to keep Obama from scoring a big win.

SEE MORE: It's time for Eric Holder to resign

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4. The White House pivoted to austerity out of political consideration
By late 2009, after a year of Tea Party agitation and slipping polls, Obama's political team urged him to start talking up a "new era of responsibility." They advised that his upcoming State of the Union address was "an opportune moment to pivot to themes of restraining government spending." After the bank bailout, auto bailout, and stimulus, Obama's political team thought it "better to channel the anti-government winds than to fight them." So Obama froze non-defense federal spending and formed a presidential deficit-reduction commission, "learning the same lesson of many previous occupants of the Oval Office: He didn't have the power that one might think he had," says Lizza.

5. Obama is wary of the right-wing media
The president rejected at least one idea ? paying federal employees to participate in a pilot program to study the most effective health care treatments ? because it "could prove a target for Fox News," says ThinkProgress' Volsky. Obama liked the low-cost, high-reward idea, but was swayed by his political advisers, whose argument was summarized in a memo from Obama's secretary: The plan "is not politically viable," in part because "it could easily be caricatured by the right-wing press." In an almost apologetic memo to the plan's authors, Obama wrote, "Unfortunately I think the political guys are right about how it would be characterized. Let's go back at it in future years, when the temperature on health care and the economy has gone down."

SEE MORE: William Daley's resignation: Will it help Obama?

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Read the entire article in The New Yorker.

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Source: http://us.rd.yahoo.com/dailynews/rss/politicsopinion/*http%3A//news.yahoo.com/s/theweek/20120124/cm_theweek/223611

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Tuesday 24 January 2012

Penn State students express concern for Paterno

(AP) ? Students in State College are expressing concern for seriously ill former Penn State coach Joe Paterno.

Doctors say the 85-year-old legendary coach recently experienced complications from lung cancer. He has been hospitalized since Jan. 13.

Sophomore Max Spangler says he's concerned that the stress of the Penn State sex abuse scandal has compounded Paterno's condition. Paterno was fired in November amid accusations that he didn't do more to alert authorities about child sex abuse allegations against retired assistant coach Jerry Sandusky.

Spangler says, "I don't know how bad his situation is, but I hope it gets better. It's a lot of complications at his age."

Recent alum Ben Woodward says, "It has to be pretty heartbreaking to end on the note that it did, and not on his own terms."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-01-21-Penn%20State-Paterno-Campus/id-cee7ef156d91433298e3e31761df613a

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Liv Tyler Approves of Dad Steven Tyler's Fiancee

Liv Tyler is big fan of her father's, whether it's his gig on American Idol or his choice in fiancée.

Source: http://www.ivillage.com/liv-tyler-says-she-approves-dad-steven-tylers-fiancee/1-a-421515?dst=iv%3AiVillage%3Aliv-tyler-says-she-approves-dad-steven-tylers-fiancee-421515

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Monday 23 January 2012

Severe Brain Injury When Young May Have Long-Term Effects (HealthDay)

MONDAY, Jan. 23 (HealthDay News) -- Although many people believe young children are extremely resilient after they are seriously hurt, the opposite may be true with traumatic brain injuries.

Two Australian studies looked at the impact of traumatic brain injury in children as young as 2 years, and found that these injuries affected cognitive function, IQ and even behavior for some time. However, the researchers also found that recovery from traumatic brain injury can continue for years after the initial injury. And, a child's home environment can positively influence recovery if the child lives in a stable, caring home.

"Many people think that the soft skull of a baby may give them some advantage because if they fall they are not likely to sustain a skull fracture. Also, because a baby's brain is growing so quickly, it seems like the brain may be able to fix an injury. In reality, the soft skull and growing brain of a baby put them at a greater risk of future problems," said the lead author of one of the studies, Louise Crowe, a postdoctoral research officer at the Murdoch Childrens Research Institute in Melbourne.

"Children with significant head injuries do recover, but they are generally slower to learn concepts, and some high-level skills are often too difficult for them," she added.

Results from both studies were released online Jan. 23 and are scheduled to appear in the February issue of Pediatrics.

By age 16, at least one in 30 children will experience a traumatic brain injury, according to background information in one of the studies. Traumatic brain injuries (TBIs) occur after a blow or bump to the head, according to the U.S. Centers for Disease Control and Prevention.

Young children -- those under 4 years old -- are particularly at risk of experiencing a traumatic brain injury, according to the CDC. Such injuries can occur from a fall, a car accident, deliberate child abuse, sports or being hit with a moving object. Fortunately, most of these injuries aren't fatal, but about one-third of children who survive a TBI will have lasting damage, report the researchers.

Very few studies, however, have followed youngsters from the time of their injury through adolescence, to assess the full effect of the brain injury.

The first study looked at 40 children between the ages of 2 and 7 who had experienced a traumatic brain injury. They were compared to 16 healthy children. The children were examined 12 months, 30 months and 10 years after the injury, according to the study.

Not surprisingly, they found that children with the most severe injuries had the worst cognitive outcomes.

But, the news wasn't all bad. Initially, while the brain was recovering from the injury, the children didn't make significant developmental gains for about three years. However, after that period, and at least up until 10 years after the injury, the children began to make some age-appropriate developmental gains.

That means that even many years after an injury, interventions and therapies for these children may be effective, said the study's lead author, Vicki Anderson, a professor in critical care and neuroscience research at the Murdoch Institute.

"Although this does not suggest that children catch up to peers, it does imply that the gap does not widen during this period," she said.

This study also found that the home environment and relationships could make a difference in a child's recovery. More stable homes with less family conflict appeared to contribute to a child's recovery.

"It's difficult to predict outcome," said Anderson. "A quality home environment and access to appropriate rehabilitation is critical to maximize outcomes. Or, the young brain is plastic, and so the better the environment, the better the outcome."

The second study, led by Crowe, followed a group of 53 children who had sustained a traumatic brain injury before they were 3 years old, and 27 non-injured children. They followed up with these children when they were between 4 and 6 years old. The average time since the injury occurred was 40 months.

Children who had moderate-to-severe TBIs scored lower on IQ tests by about seven to 10 points, according to the study. Mild traumatic brain injuries didn't seem to significantly affect IQ. However, mild and moderate-to-severe TBIs were associated with an increased risk of behavior problems.

And, as with Anderson's study, this study also found that a child's environment has an effect on cognitive function and behavior after a brain injury.

"Children from cohesive family environments and children whose parents had lower levels of stress showed better recovery," Crowe said. "Why this is so is unclear, but it may be due to a parent spending more time with their children, and children also growing up in a less stressful environment."

One expert noted that the findings make an important point.

"We still don't understand all of the factors that affect outcomes. But, these studies do give us important data. We don't necessarily want to close the door on treating these children too soon. There may still be room for improvement over time, but there are persistent deficits," said Dr. Mandeep Tamber, an assistant professor of pediatric neurosurgery at Children's Hospital of Pittsburgh.

Meanwhile, Crowe advised parents to be vigilant with young children. She said traumatic brain injuries can result from seemingly minor accidents, such as a baby rolling off of a bed or couch.

More information

Learn more about traumatic brain injuries from the U.S. Centers for Disease Control and Prevention.

Source: http://us.rd.yahoo.com/dailynews/rss/parenting/*http%3A//news.yahoo.com/s/hsn/20120123/hl_hsn/severebraininjurywhenyoungmayhavelongtermeffects

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Analysis: Gingrich wins means grueling GOP fight (AP)

COLUMBIA, S.C. ? Former House Speaker Newt Gingrich has taken a giant step toward becoming the Republican alternative to Mitt Romney that tea partyers and social conservatives have been seeking for months.

Gingrich's come-from-behind victory Saturday in the South Carolina primary snatched away the quick and easy way for the GOP to pick its presidential nominee. Only days ago, it seemed that party activists would settle for Romney, the former Massachusetts governor who stirs few passions but who has the looks, money, experience and discipline to make a solid case against President Barack Obama in November.

Now, the party cannot avoid a wrenching and perhaps lengthy nomination fight. It can cast its lot with the establishment's cool embodiment of competence, forged in corporate board rooms, or with the anger-venting champion of in-your-face conservatism and grandiose ideas.

It's soul-searching time for Republicans. It might not be pretty.

Romney still might win the nomination, of course. He carries several advantages into Florida and beyond, and party insiders still consider him the front-runner. And it's conceivable that former Pennsylvania Sen. Rick Santorum can battle back and take the anti-Romney title from Gingrich. After all, he bested Gingrich in Iowa and New Hampshire.

But Santorum's third-place finish in South Carolina will doubtlessly prompt some conservative leaders to urge him to step aside and back Gingrich, as Texas Gov. Rick Perry did Thursday.

Even if Santorum revives his campaign in Florida, the fundamental intraparty debate will be the same. Voters associate Gingrich and Santorum with social issues such as abortion, and with unyielding fealty to conservative ideals. That's in contrast to Romney's flexibility and past embraces of legalized abortion, gun control and gay rights.

Texas Rep. Ron Paul will stay in the race, but he factors only tangentially in such discussions. His fans are largely a mix of libertarians, isolationists and pacifists, many of whom will abandon the GOP nominee if it's not the Texas congressman.

Strategically, Romney maintains a big edge in money and organization. He faces a dilemma, however. Gingrich resuscitated his struggling campaign in this state with combative debate performances featuring near-contempt for Obama and the news media. Romney likely would love to choke off that supply by drastically reducing the number of debates.

Ducking Gingrich after losing to him in South Carolina would suggest panic or fear, however, and all four candidates are scheduled to debate Monday in Florida.

Gingrich is benefiting "from the inherent animosity and mistrust GOP primary voters have with mainstream media," said Republican strategist Terry Holt. "Their first instinct is to rebel, and that's what they did. The question is whether he can sustain that anger and build it into a legitimate challenge to the front-runner."

Gingrich tried to stoke that anger with his victory speech Saturday. He referred repeatedly to "elites" in Washington and New York who don't understand or care about working-class Americans. He decried "the growing anti-religious bigotry of our elites."

Gingrich made $3.1 million in 2010, but he nonetheless is tapping middle-class resentment in ways reminiscent of Sarah Palin. "I articulate the deepest-held values in the American people," he said.

Despite their contrasting personalities, Romney and Gingrich don't differ greatly on policy. Both call for lower taxes, less regulation, ending "Obamacare" and a robust military. They promise to cut spending and increase jobs without offering many details of how they would do so in a divided nation and Congress.

Romney versus Gingrich in some ways mirrors the Democrats' 2008 choice between Obama and Hillary Rodham Clinton. That match-up turned mostly on questions of personality, style and biography. The Republicans' choice, however, will plumb deeper veins of emotion and ideology.

Romney appeals to Republicans who want a competent, even-tempered nominee with a track record in business and finance. His backers are willing to overlook his past support of abortion rights and his seeming tone-deafness on money matters ? even if it feeds caricatures of him as a tycoon.

Until Saturday, GOP polls had shown Romney easily ahead on the question of who would be Obama's toughest challenger. South Carolina exit polls, however, showed Gingrich with an edge among those who said it was most important that their candidate be able to beat Obama.

Romney will try to regain that advantage in Florida, which votes Jan. 31. It's not clear what strategies will work. In his concession speech Saturday, Romney said Obama has attacked free enterprise and "we cannot defeat that president with a candidate who has joined that very assault on free enterprise."

He was alluding to Gingrich's past criticisms of Romney's record running Bain Capital, a private equity firm. But Gingrich and a friendly super PAC dropped their references to Bain days ago.

Romney hinted at another approach. "Our party can't be led to victory by someone who also has never run a business and never led a state," he said. Gingrich's background didn't seem to bother South Carolina's Republicans, however.

What they've done is steer the primary contest into more emotional, and possibly dangerous, waters. They rewarded a candidate who gave voice to their resentment of the news media, federal bureaucrats and what they see as undeserving welfare recipients and a socialist-leaning president.

Two South Carolina debate moments crystalized Gingrich's rise. Both involved an open disdain for journalists, whether feigned or not.

In Myrtle Beach on Monday, the Martin Luther King holiday, Gingrich acidly told Fox News' Juan Williams that he would teach poor people how to find jobs, and that Obama has put more Americans on food stamps than any other president. Gingrich repeated the food stamp lines in his speech Saturday night.

At Thursday's debate in North Charleston, Gingrich excoriated CNN's John King for raising the claim by Gingrich's second wife that Gingrich once asked for an "open marriage" to accommodate his mistress (and now third wife).

Conservatives inside the hall and out seemed to love the tongue-lashing. The details of Marianne Gingrich's allegations, which Gingrich denied almost as an afterthought, seemed to matter much less to voters. That's remarkable in a state whose GOP electorate is nearly two-thirds evangelicals.

Mike McKenna, a Republican strategist, said Gingrich seems to be drawing many people, including tea party activists, who are fairly new to politics. They don't know or care much about Gingrich's legacy of leading the 1994 Republican revolution in Congress or his lucrative career as a writer and speaker that sometimes veered from conservative orthodoxies, McKenna said.

Instead, he thinks these voters are reacting emotionally to someone they hope "can take the fight to the president, to the media, to whomever. They are not particularly concerned about what kind of president he will be."

Therein, of course, is the potential peril of a Gingrich candidacy. Along with his verbal fireworks he carries baggage that might give Democrats more to exploit than do Romney's policy flip-flops and record at Bain.

Gingrich's impressive South Carolina victory will force Republicans in Florida and other states to make a hot-or-cool choice.

They can pick the data-driven Harvard MBA grad who smoothed out the Winter Olympics and now runs a by-the-numbers nationwide campaign. Or they can pick the pugnacious firebrand who didn't manage to get his name on the Virginia primary ballot but who wows an angry electorate that can't wait to lay into Obama in general election debates.

___

EDITOR'S NOTE ? Charles Babington covers politics for The Associated Press.

Source: http://us.rd.yahoo.com/dailynews/rss/politicsopinion/*http%3A//news.yahoo.com/s/ap/20120122/ap_on_an/us_gop_campaign_analysis

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Fast-moving winter snowstorm hits Northeast (Reuters)

(Reuters) ? Snow lovers in the northeast finally got what they have been waiting for Saturday morning, with a fast-moving storm bringing 3 to 7 inches from central Pennsylvania to Connecticut.

For many areas away from the Great Lakes, this will be the heaviest snowfall since a storm in late October, according to weather.com.

"We haven't missed it, but it's been noticeably absent," said Victoria Lupica, spokeswoman for the Philadelphia International Airport, which had 66 cancelled flights Saturday morning. Though the snow has stopped for now, the airport was still experiencing departure delays of up to two hours.

Totals could reach 3 to 5 inches in New York City, two to four inches in Philadelphia and up to 3 inches in Boston. At La Guardia International Airport in New York, arrival delays were up to 30 minutes and increasing due to snow and ice, according to the airport's website.

This late and moderate storm in the northeast is a big change from the heavy snows of last winter -- which included a post-Christmas blizzard that dumped 20 inches on New York City.

Light snow was falling again in Chicago Saturday morning. A snowfall Friday brought up to 8 inches and prompted the cancellation of more than 700 flights at Chicago's O'Hare and Midway airports. Flight operations were back to normal at Chicago airports Saturday, the city's aviation department said.

In parts of South Carolina, voters in the Republican presidential primary were seeing rain Saturday morning, according to the National Weather Service. Thunderstorms, some with hail, were predicted for the southeastern United States.

In the West, heavy snow was predicted for mountain areas of the western states, according to weather.com. Melt from unusually heavy snowfall this week combined with heavy rain will increase the threat of flooding throughout western Washington.

(Editing by Greg McCune)

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/nm/20120121/us_nm/us_weather

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Sunday 22 January 2012

Search resumes above waterline after ship shifts

In this undated underwater photo released by Carabinieri (Italian paramilitary police) Friday, Jan. 20, 2012 two Carabinieri scuba divers swim next to the Costa Concordia cruise ship's bell, off the tiny Giglio island, Italy. The $450 million Costa Concordia was carrying more than 4,200 passengers and crew when it slammed into well-marked rocks off the island of Giglio after the captain made an unauthorized diversion from his programmed route. The ship then keeled over on its side. (AP Photo/Carabinieri)

In this undated underwater photo released by Carabinieri (Italian paramilitary police) Friday, Jan. 20, 2012 two Carabinieri scuba divers swim next to the Costa Concordia cruise ship's bell, off the tiny Giglio island, Italy. The $450 million Costa Concordia was carrying more than 4,200 passengers and crew when it slammed into well-marked rocks off the island of Giglio after the captain made an unauthorized diversion from his programmed route. The ship then keeled over on its side. (AP Photo/Carabinieri)

Rescuers approach the grounded Costa Concordia cruise ship off the tiny Tuscan island of Giglio, Italy, Friday, Jan. 20, 2012. The cruise ship grounded off Tuscany shifted again on its rocky perch Friday, forcing the suspension of diving search operations for the 21 people still missing and raising concerns about the stability of the ship's resting place. (AP Photo/Gregorio Borgia)

People take photographs of the grounded Costa Concordia cruise ship off the tiny Tuscan island of Giglio, Italy, Friday, Jan. 20, 2012. The cruise ship grounded off Tuscany shifted again on its rocky perch Friday, forcing the suspension of diving search operations for the 21 people still missing and raising concerns about the stability of the ship's resting place. (AP Photo/Gregorio Borgia)

People watch the Costa Concordia cruise liner off the tiny Tuscan island of Giglio, Italy, Friday, Jan. 20, 2012. The cruise ship grounded off Tuscany shifted again on its rocky perch Friday, forcing the suspension of diving search operations for the 21 people still missing and raising concerns about the stability of the ship's resting place. (AP Photo/Gregorio Borgia)

People look out toward the Costa Concordia cruise liner off the tiny Tuscan island of Giglio, Italy, Friday, Jan. 20, 2012. The cruise ship grounded off Tuscany shifted again on its rocky perch Friday, forcing the supension of diving search operations for the 21 people still missing and raising concerns about the stability of the ship's resting place. (AP Photo/Gregorio Borgia)

(AP) ? The cruise ship grounded off Tuscany shifted again on its rocky perch Friday, forcing the suspension of diving search operations for the 21 people still missing and raising concerns about the stability of the ship's resting place.

However, crews began combing the area above the waterline in the evening after officials determined the ship had stabilized enough, and they will evaluate the situation Saturday morning to see if the diving operation can resume, said Coast Guard spokesman Cmdr. Cosimo Nicastro.

The diving operation focuses on an area where passengers would have sought lifeboats, Nicastro said.

"We are ready to go for the morning," he said, as long as the partially submerged ship is not shifting.

The $450 million Costa Concordia was carrying more than 4,200 passengers and crew when it slammed into well-charted rocks off the island of Giglio a week ago. Eleven people have been confirmed dead.

It was not clear if the slight movements registered by sensors placed on board the Costa Concordia were just vibrations as the ship settles on the rocks off the Tuscan island of Giglio or if the massive ocean liner is slowly slipping off the reef.

The sensors detected that the ship's bow was moving about 15 millimeters (half an inch) an hour and the stern about 7 millimeters (one-quarter inch) an hour, said Nicola Casagli of the University of Florence, who was called in by Italian authorities to monitor the ship's stability.

The Concordia's movements are being watched since any significant shift could be dangerous for divers trying to locate those missing since the Concordia ran aground Jan. 13. An additional fear is that movement could damage tanks holding a half-million gallons of fuel oil and lead to leaks.

The sea floor drops off sharply a few meters (yards) from where the ship is resting, and Italy's environment minister has warned it risks sinking.

Capt. Francesco Schettino, who was jailed after he left the ship before everyone was safely evacuated, is under house arrest, facing possible charges of manslaughter, causing a shipwreck and abandoning his ship.

On Friday, relatives of some of the 21 missing were at Giglio's port getting briefings from rescue teams.

Casagli told Sky TG24 that some movement in the Concordia was only natural given the immense weight of the steel-hulled ship, which is being held in place by two huge rocks at bow and stern.

But the latest movements indicate it isn't stable, he said. "These are small, regular movements that are being monitored because they're going in the same direction," he told Sky.

Late Thursday, Costa-owner Carnival Corp. announced it was conducting a comprehensive audit of all 10 of its cruise lines to review safety and emergency response procedures in the wake of the Costa disaster. The evacuation was chaotic and the alarm to abandon the ship was sounded after the Concordia had capsized too much to get many life boats down.

____

Andrea Foa contributed from Giglio, Italy.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-20-Italy-Cruise%20Aground/id-5e4db0ab17944b31a8ce46c6c26d8bf8

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Raspberry Pi demos Model B computer's AirPlay capabilities (video)

Just a few days after announcing that production of its Model B Linux computer is underway, Raspberry Pi has now unveiled a preview of what its single board device can do when combined with AirPlay. In a video published this week, a Raspberry Pi developer demonstrated how to stream content from an iPad to the ARM-based Model B, using only an HDMI-equipped TV and an AirPlay app. It's as seamless as dancing cows are beautiful. Still no word yet on when this $35 will begin shipping, but in the meantime, be sure to check out the demo video, after the break.

Continue reading Raspberry Pi demos Model B computer's AirPlay capabilities (video)

Raspberry Pi demos Model B computer's AirPlay capabilities (video) originally appeared on Engadget on Fri, 20 Jan 2012 06:40:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/01/20/raspberry-pi-demos-model-b-computers-airplay-capabilities-vide/

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Ex-wife says Gingrich wanted 'open marriage' (AP)

WASHINGTON ? Dredging up a past that Newt Gingrich has worked hard to bury, the GOP presidential candidate's second ex-wife says Gingrich asked for an "open marriage" in which he could have both a wife and a mistress.

In an interview with ABC News' "Nightline" scheduled to air Thursday night, Marianne Gingrich said she refused to go along with the idea that she share her husband with Callista Bisek, who would later become his third wife.

The explosive interview was airing just two days before the presidential primary in South Carolina, a state with a strong Christian conservative bent, and as Gingrich tries to present himself as the strongest alternative to front-runner Mitt Romney.

In excerpts of the interview released ahead the ABC broadcast, Marianne Gingrich said her husband conducted his affair with Callista "in my bedroom in our apartment in Washington" while she was elsewhere.

"He always called me at night and always ended with `I love you,'" she said. "Well, she was listening."

Marianne Gingrich, who was Gingrich's second wife, said Gingrich told her "Callista doesn't care what I do."

"He was asking to have an open marriage and I refused," she said. "That is not a marriage."

She also said Gingrich moved to divorce her just months after she was diagnosed with multiple sclerosis.

"He also was advised by the doctor when I was sitting there that I was not to be under stress," she said. "He knew."

Gingrich, asked by a voter Thursday about his past mistakes, said questions about his past life were inevitable but that he'd long since sought forgiveness. He said he expected attacks when he got into the race.

"We knew we would get beaten up," he said while campaigning in Beaufort, S.C. "We knew we'd get lied about. We knew we'd get smeared. We knew there would be nasty ads and we decided the country was worth the pain."

He told reporters that he wouldn't say anything against his ex-wife, but added that his two daughters from his first marriage had written to ABC to complain that the interview was "tawdry and inappropriate." He didn't answer questions about the specifics of the interview, directing questions to his daughters.

In an interview Thursday with The Washington Post, Marianne Gingrich said that within days of asking for a divorce, her husband gave a speech in which he stressed the importance of ethics and family values in American culture.

"How could he ask me for a divorce on Monday and within 48 hours give a speech about family values and talk about how people treat people?" she said.

Marianne Gingrich said she and Gingrich went to marriage counseling after he asked for the divorce, but that he wavered over what to do and asked for an open marriage to allow him to see whoever he wanted.

She said she decided to go public about the details from their marriage now in order "to get out there about who I was, so Newt couldn't create me as an evil, awful person, which was starting to happen."

Marianne Gingrich has said that Gingrich proposed to her before the divorce from his first wife was final in 1981; they were married six months later. Her marriage to Gingrich ended in divorce in 2000, and Gingrich has acknowledged he'd already taken up with Bisek, a former congressional aide.

The House speaker who pilloried President Bill Clinton for his affair with Monica Lewinsky was himself having an affair at the time.

As plans to air the interview were disclosed, Gingrich's campaign released a statement from his daughters, Kathy Lubbers and Jackie Cushman, suggesting that Marianne Gingrich's comments may be suspect given the emotional toll that divorce takes on everyone involved.

"Anyone who has had that experience understands it is a personal tragedy filled with regrets, and sometimes differing memories of events. We will not say anything negative about our father's ex-wife," they said. "He has said before, privately and publicly, that he regrets any pain he may have caused in the past to people he loves."

Gingrich has worked in recent years to present himself as changed man, offering himself in this campaign as a 68-year-old grandfather who has settled down with wife No. 3 and embraced God through Catholicism.

Last year, he said it would be up to voters to decide whether to hold his past against him.

"I think people have to look at me, ask tough questions, then render judgment," he said then.

But he may not have been banking on his ex-wife, who has been silent so far in the 2012 campaign, to re-start that conversation.

A message seeking comment from Marianne Gingrich was not immediately returned.

___

Associated Press writer Shannon McCaffrey in Beaufort, S.C., contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20120119/ap_on_el_pr/us_gingrich_ex_wife

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Saturday 21 January 2012

Johnny Depp Is Your Favorite Actor

Here?s some fodder for water-cooler chatter from a brand-name pollster that has been measuring the public?s feelings about movie stars since 1994. Interesting tidbits: Johnny Depp wins among women, Republicans and Independents, conservatives and liberals, and all age groups except those 66+. But Denzel Washington is favored by Democrats and moderates, Clint Eastwood gets the male vote, and George Clooney takes the AARP crowd.

NEW YORK, Jan. 19, 2012? ? In 2011 he was the voice of Rango, he was Captain Jack Sparrow (again) and he was also a journalist. And, again this year, Johnny Depp has the distinction of being America?s Favorite Actor. Next on the list are two actors who haven?t actually acted in a movie this past year. Tied for number two are Denzel Washington, who was in the second spot last year, and Clint Eastwood who was number 9 on the list last year.

These are some of the results of The Harris Poll? of 2,237 adults surveyed online between December 5 and 12, 2011 by Harris Interactive?.

Rounding out the top five favorite actors is Larry Crowne or rather Tom Hanks in the number 4 spot, up from a tie for number 6 last year, and at number 5 the only actor to have been on this list since it began in 1994, the Duke himself, John Wayne down from the number 3 spot last year.

After being part of a three-way tie for number 6 last year, George Clooney now holds that position by himself. Up from number 10 to number 7 is Sandra Bullock who is the only woman in the top ten and dropping from number 4 to number 8 is Harrison Ford. There are two new additions to the list this year. At number 9, returning to the top ten after a two year absence is Will Smith and debuting at number 10 is funny man Adam Sandler.

This year there are two additions to the list from last year, which means that two actors have dropped out of the top ten. She made her directorial debut this past year, but Angelina Jolie, who was number 5 last year is not on this year?s list. And, America?s Sweetheart Julia Roberts dropped out of the top ten from a tie for number 6 last year.

Age, region, gender and political party and leanings mean different favorite actors. Men cite Clint Eastwood as their favorite while women say it is Johnny Depp. Echo Boomers (those aged 18-34), Gen Xers (aged 35-46) and Baby Boomers (aged 47-65) all say Johnny Depp is their favorite actor while for Matures (those aged 66 and older), George Clooney is their favorite.

The South is a region that stands alone. Those who live in the East, Midwest and West all say Johnny Depp is their favorite while for Southerners, their favorite is Clint Eastwood. Johnny Depp is also the favorite actor for both Republicans and Independents, but Democrats say Denzel Washington is their favorite actor. There is finally something that Liberals and Conservatives agree on ? Johnny Depp is their favorite actor however, for Moderates it is Denzel Washington.

Get the latest Industry news sent straight to your Wall.

Source: http://www.rottentomatoes.com/m/1924349/news/1924349/

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Home sales up at end of dismal year, offering hope

In this Jan. 18, 2012 photo, a real estate sign is displayed in front of a home in Little Rock, Ark. Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of last year. (AP Photo/Danny Johnston)

In this Jan. 18, 2012 photo, a real estate sign is displayed in front of a home in Little Rock, Ark. Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of last year. (AP Photo/Danny Johnston)

WASHINGTON (AP) ? Home sales in December reached their highest pace in nearly a year. The gain coincided with other signs that the troubled housing market improved at the end of last year.

Analysts cautioned that sales remain historically low and that it will take years for the home market to return to full health.

Still, the third straight monthly sales increase was encouraging. And economists noted that conditions are in place for further gains this year:

Prices have declined. Mortgage rates have never been lower. Homebuilders are slightly more hopeful because more people are saying they might be open to buying this year. And home construction picked up in the final quarter of last year.

"There's no denying that home sales are still very low and will remain low for a few years," said Paul Dales, an economist with Capital Economics. "But after having risen in each of the last three months ... it is clear that a housing recovery is now well under way."

Sales of previously occupied homes rose 5 percent to a seasonally adjusted annual rate of 4.61 million in December, the National Association of Realtors said Friday. It's the best level since January 2011.

For all of 2011, sales totaled only 4.26 million. That's up slightly from 4.19 million in the previous year. But it's far below the 6 million that economists equate with healthy housing markets. In 2005, at the peak of the boom, 7.1 million homes were sold.

Hiring has improved, which is critical to a housing rebound. Fewer people sought unemployment benefits last week than at any time in nearly four years, evidence of far fewer layoffs. The unemployment rate fell in December to its lowest level in nearly three years.

"With layoffs slowing sharply, hiring rising and consumers' confidence rebounding, the pre-conditions for a sustained recovery are falling into place," said Ian Shepherdson, chief U.S. economist for High Frequency Economics. "Sales and starts will keep rising; prices should stabilize, more or less."

The median sales price of a previously occupied home ticked up 0.3 percent from November to December to $164,500.

The supply of homes has declined, though it's still historically high at 2.38 million. At last month's sales pace, it would take nearly seven months to clear those homes.

If the supply continues to fall, prices could rise, more sellers would put homes on the market and more people would likely consider buying, said Pierre Ellis, an analyst at Decision Economics.

Still, the industry appears years away from fully recovering from its bust four years ago. Since the bubble burst, sales have slumped under the weight of foreclosures, tighter credit and falling prices.

Fewer first-time buyers, who are critical to a recovery, are in the market for a home. Purchases among that group fell last month to just 31 percent of sales. That's down from 35 percent in November. In healthy markets, first-time buyers make up at least 40 percent.

Homes at risk of foreclosure made up a third of sales last month. In strong markets, they make up only about 10 percent of sales.

And many deals are collapsing before they close. One-third of Realtors say they've had at least one contract scuttled in December, November or October. That's up from 18 percent in September.

Among the reasons why contracts have been canceled: Banks have declined mortgage applications. Home inspectors have found problems. Appraisals showed that a home was worth less than the bid. Or a buyer suffered a financial setback before the closing.

Still, sales rose across the country in December. They rose on a seasonal basis by more than 10 percent in the Northeast, 8.3 percent in the Midwest, 2.9 percent in the South and 2.6 percent in the West.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-20-Home%20Sales/id-bbda6181f07c427a9210c128c074d731

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Reality-TV winner just might go into space

Danny Martindale / Getty Images

Reality-TV impresario Simon Cowell poses for photos with fans as "Britain's Got Talent" kicks off its annual talent search Friday with an event at the Lyric Theatre in Manchester.

By Alan Boyle

More than a decade after the first effort to blend reality TV with real-world spaceflight,?talent-show impresario Simon Cowell says the winner of "Britain's Got Talent" could go into outer space on Virgin Galactic's SpaceShipTwo rocket plane.

"I love the idea that if they are up for it they have the option of performing in space,"?Cowell told?Britain's Daily Star. The comment comes as Cowell is ramping up for a new season of the show that?inspired "America's Got Talent."


Cowell has already signed up for his own flight on SpaceShipTwo, which could start flying passengers beyond the 100-kilometer (62-mile) boundary of outer space on $200,000 suborbital rides as early as next year. The longtime record producer, who left an enduring mark on reality-TV history as the black-garbed, brutally frank judge on "American Idol," hinted that he's worked out a deal with British?billionaire Richard Branson, founder of Virgin Galactic.

Live Poll

Do you think Simon Cowell has a winning plan for reality TV in outer space?

  • 173950

    Yes, that'd be must-see TV.

    38%

  • 173951

    No, this idea is sure to fizzle out.

    50%

  • 173952

    It's a tossup.

    13%

VoteTotal Votes: 16

"It's tens of millions of pounds, but Richard genuinely is up for doing it," Cowell told the Star. "I am being serious, I swear to God and on my mum?s life. Don?t worry about the details, we?ll make it happen."

If Cowell is to make it happen anytime soon, the winner would?most?probably have to travel to New Mexico to follow through on the flight plan. And it seems unlikely that going into space would be a requirement placed on the winner, whoever?he or she?turns out to be.

Producers have tried for years to put together a reality-TV show focusing on spaceflight. The highest-profile effort was "Survivor" executive producer Mark Burnett's plans?in 2000?for a?show that would follow contestants through?the training routine for spaceflight. The winner would have?been sent?to?Russia's Mir space station ? but that concept fizzled out even before Mir was deorbited in 2001.

Other proposed entertainment?projects have revolved around?pop singer Lance Bass and film director James Cameron. Just last week, Beyonce and Jay-Z were said to be interested in doing a music video aboard SpaceShipTwo.

No Hollywood space effort has yet gotten off the ground, but if anyone has the required combination of guts, glitz and gold, I suppose that'd be Branson. Like Cowell, Branson is a veteran of reality TV, having starred in "The Rebel Billionaire," a series that aired on Fox in 2004-2005.

Who knows? In the next year or two, there may be more than one way for reality-TV contestants to get into outer space. Andrew Nelson, chief operating officer for XCOR Aerospace, says his company is moving ahead with its own Lynx rocket plane ? and he's not shy about courting Cowell's attention.

"If Simon wants to take a more exciting ride at half the price, I'd take his call," Nelson told me today.

More about commercial space:


Alan Boyle is msnbc.com's science editor. Connect with the Cosmic Log community by "liking" the log's Facebook page, following @b0yle on Twitter and adding the Cosmic Log page to your Google+ presence. You can also check out "The Case for Pluto," my book about the controversial dwarf planet and the search for new worlds.?

Source: http://cosmiclog.msnbc.msn.com/_news/2012/01/20/10202380-britains-got-talent-in-space

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Friday 20 January 2012

Peace Corps pullout latest blow to Honduras (AP)

TEGUCIGALPA, Honduras ? The U.S. government's decision to pull out all its Peace Corps volunteers from Honduras for safety reasons is the latest blow to a nation still battered by a coup and recently labeled the world's most deadly country.

Neither U.S. nor Honduran officials have said what specifically prompted them to withdraw the 158 Peace Corps volunteers, which the U.S. State Department in 2011 called one of the largest missions in the world.

But the wave of violence and drug cartel-related crime hitting the Central American country had affected volunteers working on HIV prevention, water sanitation and youth projects, President Porfirio Lobo acknowledged.

Monday's pullout also comes less than two months after U.S. Rep. Howard Berman, a California Democrat, asked Secretary of State Hillary Clinton to reconsider sending police and military aid to Honduras as a response to human rights abuses.

"It's a welcome step toward the United States recognizing that they have a disastrous situation in Honduras," said Dana Frank, a University of California Santa Cruz history professor who has researched and traveled in Honduras.

The decision to pull out the entire delegation came 18 days after a Dec. 3 armed robbery in a bus where a female volunteer was shot in the leg in the violence-torn city of San Pedro Sula.

Hugo Velasquez, a spokesman for the country's National Police, said 27-year-old Lauren Robert was wounded along with two other people. One of the three alleged robbers was killed by a bus passenger, Velasquez said. The daily La Prensa said Robert was from Texas.

In a blog posting added to Peace Corps Journals, a website run by returned members, volunteer Jenna Pierce wrote that days after a fellow volunteer was injured in a bus attack in early December, she received an email saying the program was suspending training for Honduras, El Salvador and Guatemala until the "security situation improved."

Four days later, she received another email saying the 158 volunteers in Honduras will fly back to the United States. On Dec. 21, the volunteer program sent a news release announcing the decision. Peace Corps Journals said it makes every effort to verify the stories and postings written by the program's volunteers.

Peace Corps' spokeswoman Kristina Edmunson said she could not comment on individual incidents for security and privacy reasons.

Honduras joins Kazakhstan and Niger as countries that have recently had their volunteers pulled out. The Kazakhstan decision followed reports of sexual assaults against volunteers. The Niger decision came after the kidnapping and murder of two French citizens claimed by an al-Qaida affiliate.

A U.N. report, released in October 2011, said Honduras had the highest homicide rate in the world with 6,200 killings, or 82.1 murders per 100,000 inhabitants in 2010.

"Violence affects all Hondurans. It wouldn't be surprising if Peace Corps members, too," said Jose Rolando Bu, president of a group that represents non-governmental agencies.

Since the 1970s, when civil wars struck several Central American nations, the Peace Corps had not officially suspended operations in the region.

The Peace Corps had sent volunteers to Honduras since 1962, and around 1982 it recorded the largest mission in the world, according to the U.S. State Department. The U.S. sent more people to help after Hurricane Mitch in 1998.

Berman said in the Nov. 28, 2011, letter to Clinton that he worried that some murders in Honduras appeared to be politically motived because high-profile victims included people related to or investigating abuses by police and security forces, and the June 28, 2009, ouster of President Manuel Zelaya. The coup lead to the isolation of Honduras.

On Tuesday, a Honduran lawyer who had reported torture and human rights violations by police officers was killed by gunmen, authorities said.

Three men stormed into the office of Ricardo Rosales, 42, shot him dead and escaped, said Hector Turcios, the police chief of Tela, a city 150 miles (240 kilometers) north of the capital.

Rosales had told local press that officers had tortured jail inmates in his city.

Honduras is not the only country the Peace Corps worries about.

The U.S. program also suspended training in El Salvador and Guatemala, meaning that when existing volunteers end their mission the operations end. El Salvador has 113 volunteers, and Guatemala, 222. The U.S. embassies in those countries did not respond to requests for comment.

The three countries make up the so-called northern triangle of Central America, a region plagued by drug trafficking and gang violence. El Salvador has the second highest homicide rate with 66 killings per 100,000 inhabitants, the U.N. said.

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Associated Press writers Freddy Cuevas in Tegucigalpa, Honduras, and Adriana Gomez Licon in Mexico City contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20120118/ap_on_re_la_am_ca/lt_honduras_peace_corps

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