IHT Rendezvous: IHT Quick Read: Jan. 26

NEWS Ordinary investors are falling in love again with the stock market after nearly five years of bitter separation. More money has poured into stocks worldwide in the first three weeks of January through mutual funds than in any comparable period since 2001. Nathaniel Popper reports from New York.

Cyril Ramaphosa, the man who was once Nelson Mandela’s chosen successor, is returning to government in South Africa, this time as a business tycoon. Bill Keller reports from Johannesburg.

In an unusual display of direct diplomacy, the U.S. Commerce Department is lobbying in Brussels on behalf of the Obama administration against sweeping new privacy controls that could hurt the U.S. technology industry in Europe. Kevin J. O’Brien reports from New York.

Although women in the United States armed forces have routinely shown bravery under fire, the question that is now facing the Pentagon is whether female soldiers can perform ground combat tasks day in and day out now that they are allowed to take part in combat duty. James Dao reports from New York.

As Brazil and Argentina lose some of their luster, are sub-Saharan African nations on the rise? Billionaire dealmakers who have gathered in Davos, Switzerland, want to know. Liz Alderman reports from Davos.

ARTS Portraits by the artist Jusepe de Ribera, hidden up high and in the darkness of a church in Naples, Italy, are, like the city, expressions of the spiritual embedded in the profane. Michael Kimmelman reports from Naples, Italy.

SPORTS At the Australian Open, Andy Murray finally outdueled Roger Federer in a major event and heads to men’s final. Christopher Clarey reports from Melbourne.

Read More..

Huawei is now the world’s third largest smartphone vendor, but still far behind Samsung and Apple






Research firm IDC released the latest numbers from its Worldwide Quarterly Mobile Phone Tracker this week and found that a total of 482.5 million mobile phones were shipped in the fourth quarter of 2012, an increase from 473.4 million in 2011. Smartphones accounted for nearly half, or 45.5%, of all mobile phone shipments, the highest percentage ever. Samsung (005930) and Apple (AAPL) remained the two top vendors with market shares of 29% and 21.8% respectively. The report did include some surprises, however.


[More from BGR: Sony’s PS Vita: Dead again]






“The high-growth smartphone market, though dominated by Samsung and Apple, still presents ample opportunities for challengers,” said Kevin Restivo, senior research analyst with IDC. “Vendors with unique market advantages, such as lower-cost devices, can rapidly gain market share, especially in emerging markets”


[More from BGR: Unlocking your smartphone will be illegal starting next week]


The remaining top five smartphone vendors are very different now, however — they no longer include LG (006570), HTC (2498) or Motorola, all of which have been replaced by Huawei (002502), Sony (SNE) and ZTE (0763).


Huawei, a company previously known for its telecom equipment, spying scandals and low-end smartphones, is in the midst of a major transition. Rather than focusing on cheap and carrier-branded phones, the Chinese company has begun to compete with high-end manufacturers such as Samsung and Apple with its new flagship devices.


Huawei experienced unprecedented growth in the fourth quarter of 2012 with shipments increasing 89.5% year-over-year for a 4.9% market share. Close on the company’s heels are both Sony and Chinese rival ZTE with 4.5% and 4.3% shares of the market respectively.


“The fact that Huawei and ZTE now find themselves among the Top 5 smartphone vendors marks a significant shift for the global market,” noted Ramon Llamas, research manager with IDC’s Mobile Phone team. “Both companies have grown volumes by focusing on the mass market, but in recent quarters they have turned their attention toward higher-end devices. In addition, both companies have pushed the envelope in terms of industrial design with larger displays and smaller form factors, as well as innovative applications and experiences.”


This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News




Read More..

Liberty Ross Files for Divorce from Rupert Sanders















01/25/2013 at 08:20 PM EST







Liberty Ross


Michael Buckner/Wireimage


It's over for Rupert Sanders and Liberty Ross.

The Snow White and the Huntsman actress, 34, filed for divorce Friday from her director-husband Sanders, 41, in Los Angeles County Superior Court on Friday, PEOPLE confirms.

News of the filing comes about six months after Sanders's highly publicized cheating scandal with Huntsman's star, Kristen Stewart.

Stewart has since patched things up with boyfriend Robert Pattinson, who she was dating during the fling.

In the court documents, Ross seeks joint custody of the couple's two kids, 5 and 7, TMZ reports. She also asks for spousal support and attorney's fees.

Sanders, who has filed his response to the divorce petition, also seeks joint custody of the kids, and wants to share legal fees with Ross, according to TMZ.

Read More..

Wall Street Week Ahead: Bears hibernate as stocks near record highs

NEW YORK (Reuters) - Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now.


Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again.


The Standard & Poor's 500 Index <.spx> has gained 5.4 percent this year and closed above 1,500 - climbing to the spot where Wall Street strategists expected it to be by mid-year. The Dow Jones industrial average <.dji> is 2.2 percent away from all-time highs reached in October 2007. The Dow ended Friday's session at 13,895.98, its highest close since October 31, 2007.


The S&P has risen for four straight weeks and eight consecutive sessions, the longest streak of days since 2004. On Friday, the benchmark S&P 500 ended at 1,502.96 - its first close above 1,500 in more than five years.


"Once we break above a resistance level at 1,510, we dramatically increase the probability that we break the highs of 2007," said Walter Zimmermann, technical analyst at United-ICAP, in Jersey City, New Jersey. "That may be the start of a rise that could take equities near 1,800 within the next few years."


The most recent Reuters poll of Wall Street strategists estimated the benchmark index would rise to 1,550 by year-end, a target that is 3.1 percent away from current levels. That would put the S&P 500 a stone's throw from the index's all-time intraday high of 1,576.09 reached on October 11, 2007.


The new year has brought a sharp increase in flows into U.S. equity mutual funds, and that has helped stocks rack up four straight weeks of gains, with strength in big- and small-caps alike.


That's not to say there aren't concerns. Economic growth has been steady, but not as strong as many had hoped. The household unemployment rate remains high at 7.8 percent. And more than 75 percent of the stocks in the S&P 500 are above their 26-week highs, suggesting the buying has come too far, too fast.


MUTUAL FUND INVESTORS COME BACK


All 10 S&P 500 industry sectors are higher in 2013, in part because of new money flowing into equity funds. Investors in U.S.-based funds committed $3.66 billion to stock mutual funds in the latest week, the third straight week of big gains for the funds, data from Thomson Reuters' Lipper service showed on Thursday.


Energy shares <.5sp10> lead the way with a gain of 6.6 percent, followed by industrials <.5sp20>, up 6.3 percent. Telecom <.5sp50>, a defensive play that underperforms in periods of growth, is the weakest sector - up 0.1 percent for the year.


More than 350 stocks hit new highs on Friday alone on the New York Stock Exchange. The Dow Jones Transportation Average <.djt> recently climbed to an all-time high, with stocks in this sector and other economic bellwethers posting strong gains almost daily.


"If you peel back the onion a little bit, you start to look at companies like Precision Castparts , Honeywell , 3M Co and Illinois Tool Works - these are big, broad-based industrial companies in the U.S. and they are all hitting new highs, and doing very well. That is the real story," said Mike Binger, portfolio manager at Gradient Investments, in Shoreview, Minnesota.


The gains have run across asset sizes as well. The S&P small-cap index <.spcy> has jumped 6.7 percent and the S&P mid-cap index <.mid> has shot up 7.5 percent so far this year.


Exchange-traded funds have seen year-to-date inflows of $15.6 billion, with fairly even flows across the small-, mid- and large-cap categories, according to Nicholas Colas, chief market strategist at the ConvergEx Group, in New York.


"Investors aren't really differentiating among asset sizes. They just want broad equity exposure," Colas said.


The market has shown resilience to weak news. On Thursday, the S&P 500 held steady despite a 12 percent slide in shares of Apple after the iPhone and iPad maker's results. The tech giant is heavily weighted in both the S&P 500 and Nasdaq 100 <.ndx> and in the past, its drop has suffocated stocks' broader gains.


JOBS DATA MAY TEST THE RALLY


In the last few days, the ratio of stocks hitting new highs versus those hitting new lows on a daily basis has started to diminish - a potential sign that the rally is narrowing to fewer names - and could be running out of gas.


Investors have also cited sentiment surveys that indicate high levels of bullishness among newsletter writers, a contrarian indicator, and momentum indicators are starting to also suggest the rally has perhaps come too far.


The market's resilience could be tested next week with Friday's release of the January non-farm payrolls report. About 155,000 jobs are seen being added in the month and the unemployment rate is expected to hold steady at 7.8 percent.


"Staying over 1,500 sends up a flag of profit taking," said Jerry Harris, president of asset management at Sterne Agee, in Birmingham, Alabama. "Since recent jobless claims have made us optimistic on payrolls, if that doesn't come through, it will be a real risk to the rally."


A number of marquee names will report earnings next week, including bellwether companies such as Caterpillar Inc , Amazon.com Inc , Ford Motor Co and Pfizer Inc .


On a historic basis, valuations remain relatively low - the S&P 500's current price-to-earnings ratio sits at 15.66, which is just a tad above the historic level of 15.


Worries about the U.S. stock market's recent strength do not mean the market is in a bubble. Investors clearly don't feel that way at the moment.


"We're seeing more interest in equities overall, and a lot of flows from bonds into stocks," said Paul Zemsky, who helps oversee $445 billion as the New York-based head of asset allocation at ING Investment Management. "We've been increasing our exposure to risky assets."


For the week, the Dow climbed 1.8 percent, the S&P 500 rose 1.1 percent and the Nasdaq advanced 0.5 percent.


(Reporting by Ryan Vlastelica; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)



Read More..

IHT Rendezvous: Which Companies' Sustainability Promises Do You Believe?

H&M, the Swedish clothing retail giant, has vowed to become greener and more sustainable when it comes to the water it uses to make its clothes.

“Water is a key resource for H&M, and we are committed to ensuring water is used responsibly throughout our value chain. We do this to minimize risks in our operations, protect the environment and secure availability of water for present and future generations,” said Karl-Johan Persson, the head of H&M, according to a press statement released yesterday.

The World Wildlife Fund, the venerable environmental group, will monitor the effort and collaborate with H&M in a campaign called “Pioneering Water Stewardship for Fashion” over the next three years.

With 94,000 employees selling clothes in 48 countries and 750 direct suppliers, H&M is a significant global force in the garment industry.

WWF sees H&M’s commitment to changing all aspects of its water use — from cotton to the customer — as a chance to change the way an entire industry deals with water use and pollution. (H&M’s new corporate water strategy)

“This partnership marks an evolution in the corporate approach to water,” said Jim Leape, Director General of WWF International, according to the statement.

Just two years ago Greenpeace UK condemned H&M for wasting water, shaming it with commitments Puma, Adidas and Nike had made to do better. At the time Greenpeace charged: “H&M had links to factories discharging a range of hazardous chemicals into China’s rivers.”

The German sportswear-maker Puma (owned by the French PPR) has been scoring points with environmentalists on several sustainability campaigns. Two years ago, the company introduced an accounting tool that measures the sustainability of products in terms of the greenhouse gases emitted and water consumed to make them. More visible to consumers, the company has received much praise for its environmentally friendly packaging.

Even the corporate behemoth Nike, which in the 90s was forced to fight against the image of profiting from child labor, has long vowed to be a good and sustainable corporate citizen. In 2011, it announced it wanted to stop discharging hazardous chemicals by 2020.

Join our sustainability discussion. Do you trust these multinational companies when they announce sustainability plans? Or are such announcements more public relations and marketing than honest goals?

Read More..

New PlayStation 4 details emerge: 8-core AMD ‘Bulldozer’ CPU, redesigned controller and more






2013 is a huge year for gamers. Nintendo (NTDOY) just launched the Wii U ahead of the holidays and both Sony (SNE) and Microsoft (MSFT) are expected to issue next-generation consoles before the year is through. We’ve seen plenty of rumors about both systems over the past few months, and the latest comes from Kotaku and focuses on Sony’s PlayStation 4.


[More from BGR: BlackBerry 10 said to be overhyped, RIM’s comeback chances remain slim]






The site claims to have gotten its hands on documents describing Sony’s developer system given to premier partners so they can build games ahead of the next-generation console launch. The specs, if accurate, will obviously line up with the release version of the system. Included in the specs Kotaku is reporting are an AMD64 “Bulldozer” CPU with eight cores total, an AMD GPU, 8GB of system RAM, 2.2GB of video memory, a 160GB hard drive, a Blu-ray drive, four USB 3.0 ports and more.


[More from BGR: Apple: ‘Bent, not broken’]


Sony also reportedly has a redesigned controller in the works that will include a capacitive touch pad.


This article was originally published on BGR.com


Gaming News Headlines – Yahoo! News




Read More..

Asian shares down; Seoul hit by weak techs but Nikkei surges

TOKYO (Reuters) - Asian shares fell on Friday, hurt by a drop in regional technology stocks and on caution ahead of the corporate earnings season, but gains in Japan and Australia limited overall losses for equities.


Upbeat manufacturing reports from the United States, Germany and China underpinned sentiment for other assets, supporting copper while curbing selling pressure in oil.


"The PMI indicators from the U.S., Europe and China should serve to keep markets tracking higher," said CMC Markets senior trader Tim Waterer in Sydney.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> eased 0.5 percent, and was set for a weekly drop of 1 percent, its biggest such loss in two months.


A 1.4 percent slide in the technology sector <.miapjit00pus> dragged the pan-Asian index down, as tech-heavy markets such as South Korea and Taiwan fell.


Seoul shares <.ks11> declined 0.9 percent, weighed by weak profits for automakers, while tech shares continued to falter as Samsung Electronics announced cautious spending plans for the first time since the global financial crisis.


Shares of Apple Inc's suppliers extended their declines after Apple's below-estimate results announced earlier in the week: Taiwan's Largan Precision weakened and Samsung shares shed as much as 3.3 percent.


Hong Kong <.hsi> and Shanghai <.ssec> were the other laggards as investors took profits from recent rallies and remained cautious ahead of the upcoming earnings season.


A 0.3 percent rise in London copper to $8,118 a metric ton and gold prices steadying around $1,669 an ounce helped push commodity-reliant Australian shares <.axjo> up 0.5 percent to a fresh 21-month high, marking an eighth straight session of gains.


U.S. crude eased 0.1 percent to $95.87 a barrel and Brent inched down 0.2 percent to $113.11.


"It now seems that the stronger tone in global equity markets, coupled with a notable easing in European and US market tensions, is leading to short-term pressure on gold," said Ed Meir, an analyst at INTL FCStone, in a research note.


European markets are seen falling, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open down as much as 0.4 percent. U.S. stock futures were down 0.2 percent, pointing to a softer Wall Street start. <.l><.eu><.n/>


JAPAN IN SPOTLIGHT


Japan's Nikkei stock average <.n225> outperformed its Asian peers with a 2.9 percent surge as the yen hit fresh lows versus the dollar and the euro on expectations Japan will continue to pursue bold policies to beat deflation and stimulate growth. The Nikkei rose for an 11th straight week. <.t/>


"Trading on Japan is gaining momentum among foreign investors, centering around the dollar/yen, which has dictated Nikkei's direction," said Tetsuro Ii, the chief executive of Commons Asset Management.


The yen's slide bolsters sentiment for Japanese equities as it lifts earnings prospects for exporters, ahead of the quarterly earnings season set to start next week.


The dollar scaled its highest level since June 2010 to reach 90.695 yen early on Friday and the euro rose to 121.32, its highest since April 2011. Prime Minister Shinzo Abe's new administration has made clear it wants a weaker yen, providing investors a reason to short the currency.


More than 80 percent of Japanese firms are in favor of Abe's drive for aggressive monetary easing and huge fiscal spending, though most also feared Japan would face a debt crisis within a few years, according to a Reuters poll.


The yen's two-month decline has more legs, many traders and analysts believe, noting the yen has barely caught up to levels before a potential debt default by Greece sparked the euro zone debt crisis and sent the euro plummeting nearly three years ago.


The yen was around 95 yen against the dollar and 123 yen against the euro early in May 2010 when protests flared up in Greece against its austerity steps in exchange for a bailout.


Despite the recent rallies, the Nikkei remains well below levels before the 2008 financial crisis while the Standard & Poor's 500 Index <.spx> and Germany's benchmark stock index have both already exceeded that level, thanks to the weakness of the euro and the dollar, measured against a basket of currencies.


"JPY weakness should continue over the coming year driven by an expansion of the Bank of Japan's balance sheet relative to the European Central Bank and the Federal Reserve," said Kit Juckes, FX strategist at Societe Generale in a note. "I don't know how long the USD/JPY is going to pause at around 90, but a move to 100 still seems very likely in the longer run."


(Additional reporting by Victoria Thieberger in Melbourne and Rujun Shen in Singapore; Editing by Shri Navaratnam)



Read More..

IHT Rendezvous: Britons Promised Vote on Europe, Again

LONDON — A British political leader faces dissent within his own party over the country’s membership in Europe. He promises to renegotiate the terms and to hold a referendum on the issue if he wins the next election.

That was Harold Wilson, the Labour Party leader, who as prime minister in 1975 fulfilled an election pledge to hold a nationwide vote on Britain’s continued membership in what was then the European Economic Community.

Plus ça change, as the French would say.

David Cameron, the Conservative prime minister who was 8 at the time of Britain’s first and only referendum, has now promised a rerun, announcing on Wednesday in a long-anticipated speech:

“It is time for the British people to have their say. It is time to settle this European question in British politics.”

There seemed little doubt that he had been pushed to the decision by Euro-skeptic sentiment in his own party and the emerging electoral challenge from the right-wing United Kingdom Independence Party, which is threatening to capture Tory votes.

Divisions over Europe used to be the Labour Party disease. The left of the party viewed the E.C.C. as a club for the rich that had more to do with enhancing the profits of transnational business than enhancing the lot of the common man.

“The development of the Community since its inception has been largely directed to business rather than social goals,” the Trades Union Congress, the umbrella group for British labor unions, argued at the time. “The effect has been to increase the mobility of capital . . . enabling business to avoid more easily its obligations to employees.”

The split continued to dog the Labour Party, in and out of government, long after two-thirds of voters opted in 1975 to remain in Europe.

These days, labor union spokesmen are as likely to argue that Europe has been good for workers in terms of Continent-wide rights and protections.

But Euro-skepticism was never confined to the Labour Party. For the Conservatives, it was and remains a divisive issue between a broadly pro-European mainstream and right wingers who rail at loss of sovereignty and an overweening Brussels bureaucracy.

Harold Wilson’s 1975 referendum was a gamble that paid off. He supported Britain’s continued membership in the face of opponents who included members of his own cabinet.

Will David Cameron’s own “dangerous gamble” silence Conservative dissent? Or will Britain end up sleepwalking out of Europe, as some have warned?

Peter Kellner, a veteran political commentator, says there’s an “uncanny resemblance” between public opinion in 1975 and today.

So, if there is a referendum in which Britons again opt to stay in, will that be the end of the argument?

Tell us what you think. Is David Cameron playing domestic politics over Europe and, if so, what are the risks? And, if you’re British, which way would you vote?

Read More..

Google Wants to Own the Airwaves, Now






As if Google‘s launching a free Wi-Fi network in New York City earlier this month wasn’t curious enough, now the search giant is asking the Federal Communications Commission for a license to create an “experimental radio service.” What’s an experimental radio service, you ask? Well, Google won’t say exactly what its doing with the air above its Mountain View, California headquarters, but the details of the FCC application suggest it’s trying to build its own proprietary wireless network.


RELATED: Who’s Winning the Facebook-Google Tech War






Oh, so this must have something to do with Google Fiber and Google‘s becoming an Internet service provider, offering insanely fast Internet, right? Again, not exactly. “Google‘s small-scale wireless network would use frequencies that wouldn’t be compatible with nearly any of the consumer mobile devices that exist today, such as Apple’s iPad or iPhone or most devices powered by Google‘s Android operating system,” explain The Wall Street Journal‘s Amir Efrati and Anton Troianovski. “The network would only provide coverage for devices built to access certain frequencies, from 2524 to 2625 megahertz.” However, networks using those frequencies are under construction in Asia, just waiting for devices that support them. And last year, Google purchased Motorola Mobility, a mobile phone manufacturer that could ostensibly manufacture such devices. This is starting to sound sort of shady.


RELATED: You Were Right to Delete Your Google History


While it’s too soon to understand the extent of the company’s plans, it certainly looks like Google actually wants to own the airwaves now. Could we see a Google phone that works on a custom built Wi-Fi network, one that nobody else can use? It’s very possible. For now, Google‘s official answer to that line of questioning is that the company experiments all the time with all kinds of things. But according to Steven Crowley, a wireless engineer who first spotted the FCC application, ”The only reason to use these frequencies is if you have business designs on some mobile service.” 


Wireless News Headlines – Yahoo! News





Title Post: Google Wants to Own the Airwaves, Now
Url Post: http://www.news.fluser.com/google-wants-to-own-the-airwaves-now/
Link To Post : Google Wants to Own the Airwaves, Now
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Asian shares fall, choppy after China PMI, North Korea threat

TOKYO (Reuters) - Asian shares fell on Thursday in choppy trade, as positive Chinese manufacturing data was eclipsed by North Korea threatening a nuclear test and on below-view results from Apple Inc .


"Markets see a global economic recovery trend but there is no consensus on the strength of growth, capping many markets. Equities have been clearly benefiting from accommodative monetary conditions," said Koichiro Kamei, managing director at financial research firm Market Strategy Institute.


China's HSBC flash purchasing managers' index (PMI) rose to 51.9 in January to a two-year high, signaling a rebound in manufacturing activity and confirming a recovery in the world's second largest economy was on track.


However, while the data briefly spurred markets higher, geopolitical uncertainty on the Korean peninsula and Apple's disappointing earnings dented overall demand.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> was down 0.4 percent after rising as much as 0.2 percent earlier. The index briefly touched a fresh 17-1/2-month high the day before, exposing many bourses to profit taking pressures ahead of the regional earnings season set to start in earnest later this month.


The pan-Asia index's technology sector <.miapjit00pus> and the region's Apple suppliers fell after the world's largest technology company missed revenue forecast for the third straight quarter after iPhone sales undershot expectations, sending its shares down over 10 percent in after-hours trading.


A sharp drop in Apple's component suppliers such as South Korea's LG Display and Taiwan's Hon Hai dragged South Korean shares <.ks11> down 0.9 percent and Taiwan stocks <.twii> down 0.6 percent.


China shares <.ssec> surrendered strong early gains, weighing on Hong Kong <.hsi>, after North Korea said it would carry out a nuclear test that would target the United States, dramatically stepping up its threats against a country it called its "sworn enemy".


Bucking the trend, Australian shares rose 0.5 percent <.axjo> to a fresh 21-month high after reversing morning losses after the data from China, Australia's top export market.


The data also helped push Japan's Nikkei stock average <.n225> up 1.3 percent, as firms with high exposure to the Chinese economy notching up gains. Most Japanese suppliers to Apple also recouped earlier losses.


"The underlying tone is still bullish, so even bad news about Apple or whatever doesn't hit stocks too hard," said Masato Futoi, head of cash equity trading at Tokai Tokyo Securities, adding that three days of losses spurred dip-buying. <.t/>


European markets are seen easing, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open down as much as 0.1 percent. U.S. stock futures were down 0.3 percent, pointing to a softer Wall Street start. <.l><.eu><.n/>


YEN BUYING HALTED


The two-day yen buying spree came to a pause. The currency's recent rebound came after the Bank of Japan's latest policy easing steps on Tuesday failed to provide immediate stimulus as expected by some investors. The BOJ pledged to achieve a 2 percent inflation target and promised to start open-ended asset buying from 2014.


The dollar rose 0.8 percent to 89.33 yen while the euro also advanced 0.8 percent to 118.93 yen. The yen is still down 12 percent from its mid-November levels, when markets began pricing in strong monetary accommodation from the BOJ.


Many market players believe the yen's weakness will persist due to widespread expectations the BOJ will continue pursuing aggressive monetary easing policies to beat the country's stubborn deflation.


"I think we will struggle to break 91, but I will still keep looking for us to trade above 90 in the short-term," said Jesper Bargmann, Asia head of G11 spot FX for RBS in Singapore, referring to the outlook for the dollar versus the yen over the next week or so.


Data on Thursday confirming a deteriorating Japanese trade balance also encouraged yen selling, traders said. Japan logged a record annual trade deficit in 2012.


Investors were aalso reminded of the challenges facing the global economy on Wednesday when the International Monetary Fund predicted that an unexpectedly stubborn euro zone recession and weakness in Japan will hurt world growth. A Reuters poll also showed Asian economies will see weaker growth this year despite expected policy easing by central banks.


U.S. crude rose 0.4 percent at $95.57 a barrel while Brent steadied at $112.78.


London copper was down 0.3 percent at $8.076 a tonne and spot gold fell 0.4 percent to $1,678.81 an ounce, slipping from a recent one-month high.


(Additional reporting by Sophie Knight in Tokyo and Masayuki Kitano in Singapore; Editing by Shri Navaratnam)



Read More..

India Ink: At This Year's Jaipur Lit Fest, Feminism, the Dalai Lama and Cricket

NEW DELHI —– It is that time of year again when the pink city of Jaipur in Rajasthan State warms up to host a carefully curated panel of literary greats from across the globe for the Jaipur Literature Festival, South Asia’s biggest annual literary event. In its sixth year now, the five-day event will kick off on Thursday at the majestic Diggi Palace, where 283 writers will appear before an audience of several thousand people and engage them through conversations and book readings.

The runup to the festival has not been without controversy. The Hindu right-wing group RSS and the national opposition Bharatiya Janata Party are demanding a ban on the participation of Pakistani writers in the wake of the recent skirmish along the Line of Control between India and Pakistan. And Muslim clerics have threatened to agitate if any of the four authors who last year read out excerpts from Salman Rushdie’s banned book ‘The Satanic Verses’ are seen at this year’s festival. Of the four, only the novelist Jeet Thayil is on the speaker’s list this time.

Organizers said that these threats would not affect the festival’s schedule.

“The media should not give space to this kind of rabble-rousing,” said Sanjoy K. Roy, the festival’s producer.  He said the venue was already secure, with more than 200 security personnel, and added that there was no need for any additional security.

A day ahead of the official opening, on Wednesday, an unlikely marriage of cricket and literature is culminating in a friendly game between authors and cricket players on the home turf of one of India’s premier league teams, the Rajasthan Royals. It will be ‘Royals XI’ versus ‘Authors XI’.

This year the festival is more “multilingual and multivocal” than the previous editions, said Namita Gokhale, one of the directors of the festival.

Writings in 17 Indian languages, including Bangla, Bhojpuri, Gujarati, Tamil and Kashmiri, will be showcased at the multilingual sessions that will offer a flavor of regional literary history as well as folk literature. Santhali, a language spoken in India’s east coast, will be represented at the festival for the first time. There will also be readings of literature in several foreign languages, including Spanish, French, Italian, as well as in Sinhala, spoken by the ethnic Sinhalese majority in Sri Lanka and in Dzongkha, the national language of Bhutan.

The idea of the festival is to show “India to the world and the world to India,” said William Dalrymple, the festival’s co-director.

The overarching theme of this year’s festival, which features 174 sessions, is Buddha in literature.

Spirituality has been central to literature in India, said Mr. Dalrymple, adding, “Buddhist literature has influenced so much of Asian literature.”

Complementing the theme, the big surprise guest this year is his holiness the Dalai Lama. The Tibetan leader, who is living in exile in India, will hold a conversation with the British-born novelist Pico Iyer on Thursday afternoon in a session titled “Kinships of Faiths.”

After the brouhaha last year over Oprah Winfrey’s star-spangled reception, the selection of this year’s chief guest seems to have been tempered on purpose.

“Oprah’s appearance sucked the oxygen from the other sessions,” Mr. Dalrymple said. “She took so much press.” Some of the other big names like Tom Stoppard, “one of the best playwrights” did not get the attention that he should have received last year.

Nonetheless, he said this year’s guest list is still spectacular.

Among those appearing are several award-winning authors, including the Commonwealth Prize Winner Aminatta Forna from Sierra Leone, Howard Jacobson, a Booker Prize winning author, and Andrew Solomon, a Pulitzer winner.

The historical novelist Lawrence Norfolk will be introduced to Indian book lovers for the first time along with other popular British writers including Sebastian Faulks and Deborah Moggach.

Mr. Dalrymple pointed out that several prominent authors from the Arab world are participating in the festival, including the Egyptian novelist Ahdaf Soueif and the Moroccon writer Tahar Ben Jalloun.

An emphasis on feminist writing and featuring women’s voices would seem to be a natural choice for the organizers after the recent spate of protests against sexual harassment of women in India.

“It wasn’t by design, but by instinct,” Ms. Gokhale said, noting planning for the event began in March last year.

Mahasweta Devi, an octogenarian Bengali writer and social activist, who will make her first appearance at the festival, has been on the organizers’ wish list for each of the past few years. A Tamil feminist writer who writes under the pseudonym Ambai will also be making her first appearance.

Diana L. Eck, a religious scholar form Harvard, and Gayatri Chakravorty Spivak, a postmodern and postcolonial theorist from Columbia, are among the distinguished women scholars scheduled to speak at the festival.

“The strand of sessions on ‘The Buddha in Literature’ examines the role of women in the Buddhist theology and hierarchy,” Ms. Gokhale explained. Other session including “Imagine: Resistance, Protest, Assertion” emphasize the “inspirational surge of women’s solidarity,” she said.

The phenomenal growth of the festival over the years has led the organizers to add another venue, the Char Bagh to the existing venues at the Diggi Palace to accommodate the crowds. Mr. Roy, the festival producer, said that 22,000 people can be accommodated per hour, up from 14,000 last year. A total of 122,000 people attended last year.

The festival organizers have spent an estimated 56 million rupees (about $1 million) this year. While Teamwork Productions, which is overseeing the event, is struggling to break even, the event will continue to be egalitarian and open to all without an admission fee, said Mr. Roy, who is also the managing director of the company. “Arts create wealth in a different way,” he said.

Chiki Sarkar, the publisher of Penguin Books India, uses the annual festival to launch a featured new book or talent. This year will see the launch of Anjan Sundaram, the author of “Stringer: A Reporter’s Journey in the Congo.”

“Very often projects that I have been thinking about for a while get crystallized in Jaipur,” she said.

Festival regulars say that much of the magic of the Jaipur Literature Festival takes place outside the sessions themselves. “The best thing is the surprise element, the random encounter that can result in something completely unexpected, new, and sometimes wonderful,” said Urvashi Butalia, a publisher and writer who is the co-founder of Kali for Women, India’s first feminist publishing house and the director of Zubaan, an imprint of Kali.

At least 20 parties will be hosted during the festival and 145 artists are expected to perform through the course of the five-day event, including Indian folk artists and Spanish performers.

(Neha Thirani contributed reporting.)

Read More..

FTC study taking aim at online marketing of booze and kids






LOS ANGELES (Reuters) – The Federal Trade Commission (FTC) plans this summer to recommend ways that the alcoholic beverage industry can better protect underage viewers from seeing its advertisements online.


Distillers, brewers and wineries pour millions of dollars into brand promotion on Twitter, Facebook and other social media, and industry critics contend they are not doing enough to prevent young consumers from receiving these messages.






“We’re doing a deep dive on how they’re using the Internet and social media,” said Janet Evans, a lawyer with the FTC, which is conducting a year-long study due to be released by early summer. “We’re focusing on underage exposure.”


She would not elaborate on any potential recommendations that might come out of the study, which began in April 2012.


The FTC is reviewing data from 14 big producers, Evans said, including Beam Inc, the maker of Jim Beam, Diageo Plc, home to Johnnie Walker, and Constellation Brands Inc, which makes Robert Mondavi and Ravenswood wines.


The FTC report “is something we take seriously and place at high priority,” said Karena Breslin, director for digital marketing at Constellation.


The FTC has made two requests for information since the study began, she said.


The regulatory agency has not said it intends to impose restrictions on liquor company social media advertising but it can make recommendations to the industry.


The FTC is empowered to file suit to ensure consumers are protected from deceptive marketing practices, Evans said, but she stressed that studies of this nature are meant to promote better self-regulation, not provide a basis for a case.


Executives say alcohol makers and distributors voluntarily adhere to the same industry-set standard for marketing to underage viewers on social media sites that the industry set for its ads on TV and other medium. That requires that at least 71.6 percent of an audience consists of adults 21 and older.


“No one in their right mind would want to advertise to people who can’t legally buy their product,” said Frank Coleman, senior vice president for Distilled Spirits Council of the United States (DISCUS), the trade group that sets the industry’s advertising codes.


In June 2011, DISCUS revised its code upwards to 71.6 percent from 70 percent, after the FTC recommended it review the standard to better reflect U.S. Census population data.


Industry critics, including David Jernigen, director of the Center on Alcohol Marketing and Youth at Johns Hopkins University, and Sarah Mart, research director of the advocacy group Alcohol Justice, contend the industry didn’t go far enough and should raise the standard further.


Jernigen says it needs to be at least 85 percent to effectively protect youth, so there would be no more than 15 percent exposure to the underage drinking population.


“The industry says its self-regulating but it’s ineffective and social media opens up a whole new set of problems because their ads are everywhere,” said Sarah Mart, research director for the San Rafael, Calif.-based group Alcohol Justice.


The industry group’s Coleman said the group now requires members to install age-checking tools via instant-messaging as a gateway to Twitter feeds and other branded Web platforms that ask the user for a birth date before admitting them.


In the first nine months of 2012, beer, wine and spirits manufacturers’ spent an estimated $ 35 million for paid Web display advertising, but industry executives estimate many millions more were spent on Web site creation, video production for platforms like Google’s YouTube and social media marketing efforts.


“We’ve significantly adjusted more money to digital for online video, Web sites, Facebook and Twitter content,” said Kevin George, global chief marketing officer for Jim Beam, which he says spends 30 percent of its media spend for online outlets, up from 10 percent in 2008.


Many companies are expanding their digital staff. Wine maker Constellation hired Breslin three years ago to initiate digital marketing and now has a team of five reporting to her.


Many alcoholic beverage companies flocked to Facebook because it requires users to post their birth dates when signing up. Last year Twitter partnered with Buddy Media to offer a more effective screening tool that sends a direct message to fans who click on a brand. The message sends the fan a link to a site that asks for date of birth, which has allowed Twitter to grab some more of the sector marketing. Salesforce.com bought Buddy Media last June, which is now folding the platform into its marketing cloud portfolio.


Health advocates and industry critics are crying foul. “Facebook and other interactive platforms are poorly monitored and not well age protected,” said Jernigen of Johns Hopkins University. “Anyone can say they’re 21 and click yes.”


(Reporting By Susan Zeidler; Editing by Ron Grover and Alden Bentley)


Internet News Headlines – Yahoo! News





Title Post: FTC study taking aim at online marketing of booze and kids
Url Post: http://www.news.fluser.com/ftc-study-taking-aim-at-online-marketing-of-booze-and-kids/
Link To Post : FTC study taking aim at online marketing of booze and kids
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

PEOPLE's Music Critic: Why We're Upset About Beyoncé's Lip-Synching Drama















01/22/2013 at 08:40 PM EST



Did she lip-synch or didn't she?

That's the question surrounding Beyoncé after reports surfaced that she didn't sing "The Star-Spangled Banner" live at yesterday's presidential inauguration.

A spokesperson for the U.S. Marine Band, which backed the pop diva at the ceremony, said Tuesday that Mrs. Jay-Z decided to use a previously recorded vocal track before delivering the national anthem, but later on another spokesperson, this one for the Pentagon, said there was no way of knowing whether the 16-time Grammy winner was guilty of lip-synching or not.

Should it matter? Let's remember that Whitney Houston, in what is widely considered one of the best renditions of "The Star-Spangled Banner" of all time, didn't sing it live either at the 1991 Super Bowl.

There are all sorts of technical reasons why it can be challenging to perform a song as difficult as this on such a large scale, and there are many extenuating circumstances that could have played a role in any decision to lip-synch. Certainly no one is questioning whether Beyoncé – who, in removing her earpiece midway through, may have been experiencing audio problems – has the chops to sing it.

Lip-synching – or at least singing over pre-recorded vocal tracks – has long been acceptable for dance-driven artists like Madonna, Janet Jackson and Britney Spears, whose emphasis on intense, intricate choreography makes it hard to execute the moves fans have come to expect while also singing live. Huffing and puffing into the microphone or barely projecting for the sake of keeping it real just isn't gonna cut it. Of course, there have been other instances – such as Ashlee Simpson's 2004 Saturday Night Live debacle – where faking it crossed the line.

Surely there wouldn't be the same controversy about Beyoncé had she been hoofing across the stage performing "Single Ladies (Put a Ring on It)" on one of her tour stops. But this was the presidential inauguration, the national anthem, and there was no choreography involved.

Some things have to remain sacred, and for "the land of the free and the home of the brave," this was one of them.

Read More..

Asian shares retreat, Nikkei hit hard as yen stays firm

TOKYO (Reuters) - Asian shares retreated from multi-month highs on Wednesday amid caution as the earnings season gathers pace, with Tokyo stocks falling to three-week closing lows in response to a firm yen.


"Asian markets have been climbing steadily and it's natural for investors to want to book profits as the region's earnings season begins in full force later this month," said Hirokazu Yuihama, a senior strategist at Daiwa Securities in Tokyo.


"The uptrend remains intact given improving fundamentals globally, so selling like this is a healthy correction that may lead to putting a solid floor to prices," he said.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> fell 0.3 percent after earlier reaching a 17-1/2-month high. The index has risen nearly 30 percent since a low touched in June, 2012.


The yen held firm against the dollar and the euro as monetary easing announced on Tuesday by the Bank of Japan failed to provide an immediate stimulus as some had hoped, though many analysts acknowledged the BOJ's resolve to tackle Japan's stubborn deflation and economic stagnation.


The stronger yen hurt Japanese exporters, dragging the benchmark Nikkei average <.n225> down 2.1 percent to a three-week closing low. The yen has weakened by around 12 percent since mid-November against the dollar, and boosted the Nikkei by more than 20 percent as a weaker yen improved exporters' earnings outlook. <.t/>


The BOJ on Tuesday doubled its inflation target to 2 percent and adopted an open-ended commitment to buy assets starting 2014, sparking an unwinding of yen short positions from speculators looking for more immediate easing step.


The dollar fell 0.6 percent to 88.20 yen while the euro slid 0.7 percent to 117.45 yen. The dollar hit a 2-1/2-year high of 90.25 yen on Monday.


Many still believe the yen will resume its recent downtrend, seeing the latest rebound in the Japanese currency as a correction to its rapid and sharp decline.


With the BOJ joining the continued push by global central banks to support growth, Morgan Stanley said in a research note that policy easing by central banks was positive for emerging markets, with more bond portfolio inflows increasingly towards local markets.


"Our key themes for 2013 are rebalancing and reflation, with both prevalent so far this year. Even given a migration towards global equities and away from fixed income, emerging market fixed income remains well-placed," it said.


Elsewhere, Hong Kong and Chinese shares were among the hardest hit as investors took profits from recent gains, with indexes faltering at technical resistances. Hong Kong <.hsi> shares slipped from a 19-1/2-month high and were down 0.4 percent while Shanghai shares <.ssec> fell 0.5 percent, moving further away from a 7-1/2 month high.


"We have risen by quite a bit in a very short time, so investors have been taking some profit in the last week or so, looking for new ideas to rotate into," said Larry Jiang, chief strategist at Guotai Junan International Securities.


Australian shares <.axjo> bucked the trend to edge up 0.2 percent to their highest close in almost 21 months after miner BHP Billiton gained after reporting a rise in quarterly iron ore production.


BETTER ENVIRONMENT


European markets are seen rising, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open as much as 0.4 percent higher. U.S. stock futures were down 0.2 percent, pointing to a softer Wall Street start. <.l><.eu><.n/>


On Tuesday, hopes of an improvement in the global economy led the Standard & Poor's 500 Index <.spx> to a five-year high.


Investors were also cheered by easing worries over the U.S. budget crisis.


Republican leaders in the House of Representatives said they aim to pass on Wednesday a nearly four-month extension of the U.S. debt limit to May 19.


U.S. crude was down 0.1 percent to $96.59 a barrel and Brent eased 0.2 percent to $112.23.


Spot gold was at $1,692.66 an ounce, near Tuesday's one-month high of $1,695.76, while London copper traded down 0.3 percent at $8,107 a metric ton but clinging near a one-week high of $$8,144.50 hit on Tuesday.


(Additional reporting by Clement Tan in Hong Kong; Editing by Shri Navaratnam)



Read More..

IHT Rendezvous: IHT Quick Read: Jan. 22

NEWS Barack Hussein Obama ceremonially opened his second term on Monday with an assertive Inaugural Address that offered a robust articulation of modern liberalism in America, arguing that “preserving our individual freedoms ultimately requires collective action.” Peter Baker reports from Washington. The President made addressing climate change the most prominent policy vow of his second Inaugural Address, setting in motion what Democrats say will be a deliberately paced but aggressive campaign built around the use of his executive powers to sidestep Congressional opposition. Richard W. Stevenson and John M. Broder report.

As the death toll from the crisis in the Sahara rose sharply to 37, Algeria’s prime minister said that the hostage takers intended to kill all their captives and that the army saved many by attacking. Adam Nossiter reports from Algiers and Eric Schmitt from Washington.

Malian and French troops appeared to recapture two important central Malian towns on Monday, pushing back an advance by Islamist militants who have overrun the country’s northern half. Lydia Polgreen reports from Segou, Mali, and Peter Tinti reports from Diabaly.

A report from the International Labor Organization predicted jobless levels to rise to 202 million worldwide this year, and said that government budget-balancing was hurting employment. David Jolly reports from Paris.

Europe’s political leaders have taken important steps to improve spending discipline among euro members, but have yet to address some serious flaws in the structure of the euro zone. Liz Alderman reports from Paris and Jack Ewing from Frankfurt.

Chancellor Angela Merkel’s main rivals eked out a one-seat majority that will usher the opposition Social Democrats into power in the state of Lower Saxony. Melissa Eddy and Nicholas Kulish report from Berlin.

ARTS The Neues Museum in Berlin is celebrating a bust of the Egyptian queen Nefertiti that “fell” into its hands 100 years ago. Melissa Eddy reports.

FASHION Raf Simons sent out a Dior summer couture collection rooted in reality — note the model’s wash-’n'-go hair — but full of flowers and the beauty of nature. Suzy Menkes writes from Paris.

SPORTS Sloane Stephens’s reward for reaching her first Grand Slam quarterfinal will be a match against a friend and fellow American, Serena Williams. Christopher Clarey reports from Melbourne.

Golfers will be able to express their opinions during Tuesday’s PGA Tour players’ meeting on the proposed ban of the anchored putting stroke. Karen Crouse reports from San Diego.

Read More..

BlackBerry Z10 compared to iPhone 5 on camera [video]






Alongside BGR’s own extensive BlackBerry 10 walkthrough, Austrian website Telekom Presse has uploaded another video comparing Research in Motion’s (RIMM) not-so-secret BlackBerry Z10 smartphone to the iPhone 5. The company’s upcoming BlackBerry 10 operating system seems to be a mix between iOS and Android, while adding some unique features. The video showcases the BlackBerry voice assistant app, multitasking and app switching, the app drawer, and the device’s business and home profiles.


[More from BGR: BlackBerry 10 OS walkthrough, BlackBerry Z10 pricing]






Despite the fact that the handset is still running beta software it appears to be exceptionally fast, even besting the iPhone 5 in some scenarios.


[More from BGR: Rumored Xbox 720 specs: 8-core processor, 8GB of RAM, 800MHz GPU]


The BlackBerry Z10 smartphone is said to be equipped with a 4.2-inch HD display, 16GB of internal storage, an 8-megapixel rear camera, 2GB of RAM, NFC, 4G LTE and an 1,800 mAh battery.


RIM will unveil the device along with a second BlackBerry 10 phone at a press conference on January 30th. The BlackBerry Z10, iPhone 5 comparison video follows below.


This article was originally published on BGR.com


Gadgets News Headlines – Yahoo! News





Title Post: BlackBerry Z10 compared to iPhone 5 on camera [video]
Url Post: http://www.news.fluser.com/blackberry-z10-compared-to-iphone-5-on-camera-video/
Link To Post : BlackBerry Z10 compared to iPhone 5 on camera [video]
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Vera Wang Reveals Details of Michelle Kwan's Wedding Dress















01/21/2013 at 07:00 PM EST







Michelle Kwan and Clay Pell


Courtesy of Caitlin Maloney


Although she was a singles figure skater throughout her successful career, Michelle Kwan did have one steadfast partner on the ice – fashion designer Vera Wang.

"I wore so many skating dresses designed by her, whole skating shows and everything," Kwan, 32, tells PEOPLE. "I have a long relationship with her."

And that made picking a wedding dress designer a fairly easy decision.

For Kwan's Rhode Island nuptials on Jan. 19 to Clay Pell, 31, Wang put plenty of consideration into her creation.

"She is marrying someone whose family has a political history, and Michelle is living and working in Washington, D.C.," the designer says. "[The dress] had to have a certain dignity and a certain classicism, and I think it was a lot about a new way of looking at tradition."

So Wang created an ivory, strapless mermaid gown for Kwan, made with layers of silk organza and featuring lace appliqué.

"The fact that it's got an inordinate amount of handwork in terms of lace is really a tribute to the art of hand-piecing lace," Wang says. "There is a princess-slash-queenly level of sophistication and quiet without sacrificing a lot of detail."

To complement the formal wedding gown, Kwan asked Wang what she thought of designing a second dress for the reception. "She said, 'Yeah, I got it,' " Kwan says. "She said, 'First dance, yes, and then you've got to change into something else.' "

Her history with the skater was not lost on Wang. "I'm really very honored and very thrilled that a, Michelle has found the love of her life and b, that I am the one to dress her for that special day just as I did for world championships, national championships, and Olympics," she said. "It's just the ongoing saga of our friendship."

For more on Kwan's wedding, including photos and details from the ceremony, pick up a copy of next week's PEOPLE, on newsstands Friday

Read More..

Center-Left Defeats Merkel’s Party in State Vote





BERLIN — Chancellor Angela Merkel’s main rivals pulled off an upset in a regional election, eking out a one-seat majority that will usher the opposition Social Democrats into power in the state of Lower Saxony, months ahead of balloting for the national Parliament.




Preliminary results released on Monday showed the center-left bloc of the Social Democrats and the Greens securing a one-seat majority in the regional legislature in Hanover.


The shift signaled an end to a decade of center-right government in the state and will have a direct impact at the national level by tipping the balance of power in the upper house of Parliament, the Bundesrat.


The victory in Lower Saxony gives the center-left a majority in the Bundesrat that could allow it to block legislation from the lower house, dominated by Ms. Merkel’s center-right bloc.


“I expect that it will hardly be possible to push through proposals that the S.P.D. opposes,” Volker Kauder, the parliamentary leader for Ms. Merkel’s party told ZDF public television on Monday. “We will have to see if they use it.”


The Social Democrats took 32.6 percent of the vote, while the Greens won 13.7 percent, the preliminary results showed, giving them 69 seats in the regional legislature. Although the Christian Democrats emerged as the strongest party with 36 percent of the vote, combined with their Free Democrat partners, they were able to secure only 68 seats.


The Free Democrats, the junior partner in Ms. Merkel’s governing coalition in Berlin, won 9.9 percent of the vote.


Neither the Pirate Party nor the Left Party cleared the 5 percent hurdle need to secure representation in the Lower Saxony legislature.


It was unclear how much the loss will hurt Ms. Merkel, who enjoys overwhelming popularity in Germany, thanks to a relatively robust economy, low unemployment and her hard-nosed handling of Europe’s debt crisis.


Ms. Merkel made seven appearances in Lower Saxony this month, alongside the state’s governor, David McAllister.


Although he was the incumbent, the campaign was the first for Mr. McAllister, 42, who took over the position in 2010 when his predecessor, Christian Wulff, was called to Berlin to become president. The son of a soldier from Scotland and a German mother, Mr. McAllister insisted throughout the campaign that his tenure had brought prosperity to the region, and he urged voters to support continuity.


He was expected in Berlin for talks at the Christian Democratic headquarters later Monday.


His main challenger, the mayor of Hanover, Stephan Weil, who ran for the Social Democrats, struggled to make himself better known among voters, resorting at one point in the campaign to handing out red roses to prospective voters, which stretches across largely rural countryside from the North Sea to the former inner-German border.


“I am excited about five years of red-green,” Mr. Weil told reporters after realizing his bloc’s success, using the traditional color codes for his party and their partners. “That was a real roller-coaster ride tonight.”


Although local issues tend to dominate regional elections — as was the case in Lower Saxony, where the education system and completion of several infrastructure projects dominated the debate — the outcome could help the Free Democrats improve their image at the national level of a party dogged by a leadership crisis.


Many had blamed the party’s chairman, Philipp Rösler, who also serves as economy minister and consistently ranks among the country’s least popular politicians, for failing to focus on concrete issues.


Read More..

RIM mulls licensing out software: CEO in paper






FRANKFURT (Reuters) – Research in Motion will look into strategic alliances with other technology companies once it has launched its new BlackBerry 10 models, its chief executive told a German newspaper.


German-born CEO Thorsten Heins told daily Die Welt in an interview published on Monday that the group’s strategic review could lead to the sale of RIM’s hardware production or the sale of licenses to its software, among other options.






“The main thing for now is to successfully introduce Blackberry 10. Then we’ll see,” Heins was quoted as saying.


RIM hopes its re-engineered line of Blackberry 10 touch-screen and keyboard devices will win back market share lost to rivals such as Apple’s iPhone and devices powered by Google’s market-leading Android operating system.


(Reporting by Ludwig Burger; Editing by Mark Potter)


Wireless News Headlines – Yahoo! News





Title Post: RIM mulls licensing out software: CEO in paper
Url Post: http://www.news.fluser.com/rim-mulls-licensing-out-software-ceo-in-paper/
Link To Post : RIM mulls licensing out software: CEO in paper
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Asian shares retreat from highs, yen volatile before BOJ

TOKYO (Reuters) - Asian shares pulled back from multimonth highs on Monday, while the yen firmed after touching a new low in choppy trade ahead of a Bank of Japan policy decision that is expected to deliver bold monetary easing measures.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> edged down 0.2 percent despite pockets of strength in Australia, Hong Kong and Shanghai. The index briefly renewed a 17-1/2-month high touched on Friday following a rebound in global equities late last week on upbeat U.S. and Chinese data, as well as signs of progress in U.S. budget talks.


The Dow Jones industrial average <.dji> and the Standard & Poor's 500 Index <.spx> ended Friday at five-year highs on a solid start to the quarterly earnings season. U.S. markets are closed on Monday for the Martin Luther King Jr. holiday.


"Asian markets are mixed with no dominant theme in place in a fairly quiet start to the week," said Stan Shamu, market analyst at IG Markets. "There hasn't been any economic data to go by in the region and therefore we've had to rely on leads from the weekend for some direction."


Australian shares <.axjo> inched up 0.1 percent to a 20-month high and Hong Kong shares <.hsi> hit a fresh 19-1/2-month peak, but underperformance in smaller bourses, such as a 2.3 percent slump in Malaysian shares <.klse>, dragged the pan-Asian index. A stronger local currency hurt exporters and weighed on South Korean shares <.ks11>.


European markets are seen tracking Friday's U.S. markets higher, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up as much as 0.4 percent. <.l><.eu/>


The BOJ's two-day policy meeting which concludes on Tuesday drew the attention of traders from several markets, with the South Korean won's gains against the yen pulling the exporter-heavy Kospi stock index <.ks11> down 0.1 percent, while gold rose 0.4 percent on expectations for aggressive BOJ easing.


Under growing political pressure to pursue bolder measures to beat deflation, speculation over the BOJ's options ranged from an open-ended commitment to buy assets until a 2 percent inflation target is achieved to simply boosting its asset buying schemes.


"There is attention on the Bank of Japan, which is really being pressured to embark on some very precious metals-friendly policy," said a Hong Kong-based trader. Tokyo's benchmark gold matched a record of 4,911 yen a gram on Monday.


Early on Monday, the dollar touched a fresh 2-1/2-year high of 90.25 yen, and the euro rose to a high of 120.27 yen, near its peak since May 2011 of 120.73 hit on Friday.


But the yen clawed back some of its losses against the dollar and the euro as traders locked in gains ahead of the outcome of the BOJ meeting. The dollar slipped back to a low of 89.42 yen and was last trading at 89.57 yen, while the euro also fell to a low of 119.08 and last traded at 119.27 yen.


"Profit taking pushed the dollar and the euro down against the yen but short covering lifted them off their lows. Trading is thin and quite volatile. I don't think there will be any clear direction until the BOJ decision," said Yuji Saito, director of foreign exchange at Credit Agricole in Tokyo.


Saito said "sell the fact" behavior could push the dollar down about 1 yen, but a serious disappointment on the BoJ outcome was unlikely.


Tokyo's benchmark Nikkei average <.n225> tumbled 1.5 percent as investors booked profits from the Nikkei's 2.9 percent rally on Friday, its biggest daily gain in 22 months. The Nikkei posted a 10th straight week of gains, its longest since 1987. <.t/>


Many investors largely keep short position on the yen.


"We expect the door for further easing will likely be left open irrespective of the outcome of BoJ policy meeting, either explicitly by the BOJ or implicitly through government's plan to nominate doves to replace the governor and deputy governors," Barclays Capital said in a note to clients.


Friday's data showed while currency speculators slightly cut their bets against the yen in the week to January 15, they remained overwhelmingly negative on the currency.



Asia hedge funds 2012: http://r.reuters.com/jyr35t


China GDP: http://link.reuters.com/zeq95s


Algeria's attack site: http://link.reuters.com/myn35t


Gold/USD correlation: http://r.reuters.com/ryx52s


^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>


Oil prices took their cues from a weak consumer sentiment report in the United States, which showed a drop to the lowest in a year in January as a result of the uncertainty surrounding the country's debt crisis.


Concerns about demand overshadowed supply disruption fears, reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria, a member of the Organization of Petroleum Exporting Countries.


U.S. crude futures fell 0.5 percent to $95.08 a barrel while Brent fell 0.3 percent to $111.55 early on Monday.


(Additional reporting by Ian Chua and Thuy Ong in Sydney and Rujun Shen in Singapore; Editing by Shri Navaratnam)



Read More..

IHT Rendezvous: China's "Lamborghini" coefficient: Who's Getting Richer, Who Poorer?

BEIJING — Search the word Gini, or “jini,” for Gini coefficient, the well-known measure of income inequality, on China’s biggest microblogging site and the first result today was for Lamborghini, the Italian luxury sports car (in Chinese, the two words share a similar sound in the last part of the car’s name.)

That’s very ironic because the Gini coefficient measures income inequality and the Lamborghini, which can set a buyer back $300,000, is a not uncommon sight on the streets of big Chinese cities, an object of resentment among ordinary people who view it as a symbol of how a few people are amassing tremendous wealth as many struggle with low incomes, low bank deposit rates, high property prices and persistent inflation.

In other words, income inequality in China is politically sensitive.

(The Gini index, of course, is a measure of household income inequality; zero represents perfect income equality and 1 perfect inequality, a situation where one person would own all the wealth, as the World Bank explains.)

So last Friday, when the government announced China’s Gini coefficient figures for the first time in over a decade, there was excitement – and quite a bit of scorn, expressed online and in media reports as well as private conversations. Why?

According to the figures, China today is actually more equal than in 2003, the National Bureau of Statistics said.

From 2003, the Gini coefficient did indeed rise, the bureau said, from 0.479 to a high in 2008 of 0.491. But by 2012 the figure had dropped to 0.474, meaning China is a more equal society today than a decade ago – despite all those Lamborghinis on the street.

At a news conference, Ma Jiantang, the bureau director, called the rate nevertheless “relatively high,” Xinhua reported. “China must accelerate its income distribution reform to narrow the rich-poor gap,” Xinhua said.

Yet the government’s “effective measures” to “bring benefits for its people” after the gobal financial crisis began in 2008 had brought down the measure, it quoted Mr. Ma as saying.

To compare with the United States: in 2011, the Gini coefficient there was also high, at 0.477, according to the U.S. Census Bureau

Xinhua quoted the United Nations as putting the “warning level” on the rich-poor gap at 0.4.

Yet in China this weekend, few believed the new figures.

Here are two lively reactions from microblogs, from a journalist and an economist who together have over six million followers:

“Please choose one: 1. Really, thank you Fatherland; 2. That’s a myth; 3. Not sure, but hurry up and increase my salary,” Shi Shusi, a journalist and social commentator, the director of the state-run Worker’s Daily Weekly, said on his Sina Weibo account to nearly 875,000 followers.

Xu Xiaonian, a professor of finance and economics at the China Europe International Business School, wrote on his Weibo account (5.5 million followers): “A journalist rang to ask me to comment on today’s macroeconomic figures. I’d have to be crazy to truthfully comment on false figures. That Gini coefficient, to use the words of Zheng Yuanjie,” a popular children’s story writer, “‘no-one would even dare to write a fairytale like that.’”

A different report, in December, by researchers at the Southwestern University of Finance and Economics in the city of Chengdu, put China’s Gini at 0.61 for 2010.

While people are by and large glad to see the government once again measuring the figure after a decade-long hiatus (which Mr. Ma explained last year was due to the fact that the government didn’t actually know what people in the cities were earning, as I explored in a Letter from China,) a major problem facing the government is the scale of people’s “hidden income,” estimated by the Beijing-based economist Wang Xiaolu several years ago to be about 9.3 trillion renminbi (nearly $1.5 trillion.)

Read More..

Jimmy Kimmel Channels a Cooler Bill Nye






We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:


RELATED: When Chocolate Rain Met ‘Call Me Maybe’; Obama Boy Has a Crush, Too






If our science teachers were this fun in school, we would never have become journalists:


RELATED: Jimmy Kimmel Really Hates Kids; Call Me Again Maybe


RELATED: A Video to Restore Our Faith in Humanity and a Glacier Tsunami


Quick question fans of New Girl: Max Greenfield—funnier scripted, or in the outtakes? We can’t decide:


RELATED: Kelly Clarkson Covers ‘Call Me Maybe’ and Al Roker Gets Frozen


RELATED: ‘Call Me Maybe’ from a Long Time Ago, in a Galaxy Far, Far Away


So we love Google Translate — it makes our job easier, and allows us to read Armenian websites and stuff. But even we know its limitations. For example, here’s what it does to “Call Me, Maybe” or “Relevant National Laws”:


And finally, we dedicate this Friday to the seahorse. Ride on, you majestic (and a little bit sad) creature, ride on:


Wireless News Headlines – Yahoo! News





Title Post: Jimmy Kimmel Channels a Cooler Bill Nye
Url Post: http://www.news.fluser.com/jimmy-kimmel-channels-a-cooler-bill-nye/
Link To Post : Jimmy Kimmel Channels a Cooler Bill Nye
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.


The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.


Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.


Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.


"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.


Major technology companies also report next week, but the bar for the sector has been lowered even further.


Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.


Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.


Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.


CASH POURING IN, HOUSING DATA COULD HELP


Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.


The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.


"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.


"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."


Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.


Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.


The new home sales report on Friday is expected to show a 2.1 percent increase.


The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.


Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.


The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.


"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.


"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."


(Reporting by Rodrigo Campos, additional reporting by Chuck Mikolajczak and Caroline Valetkevitch; Editing by Kenneth Barry)



Read More..