Tuesday, January 31, 2012

Romney says he's not letting up on Fla. campaign (AP)

DUNEDIN, Fla. ? Make no mistake: Mitt Romney isn't taking his foot off the gas ? or off Newt Gingrich's neck.

The Republican presidential candidate on Monday expressed confidence of victory in Tuesday's Florida primary but also made clear that he's girding for a long, state-by-state fight for the nomination against his chief rival and the other candidates still in the race.

"I don't think you can ever count on a state being in your corner," a relaxed Romney said as he flew with reporters and top aides from Jacksonville to Clearwater.

Over the course of the day, Romney continued to pummel Gingrich at every stop, even though polls show the former Massachusetts governor with a comfortable lead.

"You are not going to see Mitt Romney go into cruise control," said senior adviser Eric Fehrnstrom.

That's what Romney essentially did after crushing Gingrich's rise in Iowa a month ago by fiercely attacking him. Gingrich came in a dismal fourth place and his momentum was gone as the race turned to New Hampshire. Romney nearly stopped attacking his opponent, believing him politically dead, and won that state big. His jubilant advisers were envisioning an easy path to the nomination.

Then Gingrich headed to South Carolina, where he mounted a remarkable comeback and cruised to a 12 percentage point victory over Romney.

Just a week ago, Romney arrived in Florida nervous and tired after the staggering loss. He's spent the past week attacking Gingrich at every turn and assailing him on TV, where Romney and his allies are outspending Gingrich and his backers by almost five to one.

His campaign has held repeated conference calls with surrogates bashing Gingrich for his leadership style and ties to Freddie Mac. And when Gingrich appeared on a series of Sunday news talk shows ? Romney himself watched from his campaign bus ? the campaign made sure he was booked on all three network TV morning shows on Monday.

In Florida, Romney's advisers say they've seen the vindication of a strategy that focused on pushing Gingrich off his game, both in appearances and on the debate stage. "He's like a bubbling volcano when he's under pressure," Fehrnstrom said.

As his team looks ahead to the February calendar ? in particular Nevada on Feb. 4, Colorado and Minnesota on Feb. 7 and Michigan on Feb. 28 ? it plans to keep up that pressure while using the other two candidates in the race against him.

Texas Rep. Ron Paul has organized extensively in Nevada, and Romney's team is eager to talk up former Rick Santorum's chances in Minnesota. The former Pennsylvania senator was campaigning there Monday.

"It's not a two-person contest between Mitt and Newt Gingrich, as much as Newt might feel that way," Fehrnstrom said.

Gingrich's team is urging Santorum to drop out of the race to allow conservatives to consolidate their support behind a single candidate.

In foreclosure-wracked Nevada, Romney will likely keep up the message he's been pushing in Florida: Gingrich earned $1.6 million consulting for the quasi-government mortgage giant Freddie Mac. It's an attack Romney began early during the Florida campaign and one senior advisers say helped drive the former speaker's poll numbers down. Aides say the argument is also likely to resonate in Nevada, where home values have fallen and the foreclosure crisis is particularly severe.

Paul, who skipped Florida in favor of states that hold caucuses instead of primaries, could make a surprisingly strong showing. The state's large Mormon population and Romney's 2008 win in the state could make a victory there be simply meeting expectations instead of pushing Romney forward.

Speaking to reporters, Romney emphasized the state's active tea party ? possibly offering a preview of the campaign's effort to show he can connect with conservatives.

Gingrich, for his part, has vowed to stay in the race until the Republican National Convention in Tampa in August. On Monday, he was still talking about winning in Florida.

Romney himself showed flashes of the confidence he displayed in New Hampshire after a soaring victory speech focused exclusively on President Barack Obama.

"That's usually the case when you think you're going to lose, when you say, `I'm going to go on no matter what happens,'" Romney said of Gingrich. "That's usually not a good sign."

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120131/ap_on_el_pr/us_romney

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SAG Awards Fashion Face-Off: Tina Fey vs. Sofia Vergara


Both Tina Fey and Sofia Vergara came up short last night in the Best Actress in a Comedy category, losing to Betty White (see our full list of 2012 SAG Awards winners).

Consider this their chance at redemption.

The 30 Rock star is best known for being one of the funniest people on earth, but she's no style slouch, either. Sofia Vergara? She wows us with her dresses almost as much as she causes us to double over with her Modern Family quotes.

Vote for your favorite style star in THG's Fashion Face-Off below!

Source: http://www.thehollywoodgossip.com/2012/01/sag-awards-fashion-face-off-tina-fey-vs-sofia-vergara/

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Streep's Thatcher, Williams' Monroe star at SAG (AP)

LOS ANGELES ? What a cast the Screen Actors Guild Awards have lined up: Marilyn Monroe, Laurence Olivier, Margaret Thatcher and J. Edgar Hoover.

Actors playing illustrious real-life figures factor into the 18th annual honors given by Hollywood's main acting union Sunday.

The best-actress category features Meryl Streep as Thatcher in "The Iron Lady" and Michelle Williams as Monroe in "My Week with Marilyn." Leonardo DiCaprio is up for best actor as FBI boss in "J. Edgar," while "My Week with Marilyn" co-stars supporting-actor nominee Kenneth Branagh as Olivier.

Streep won a Golden Globe for "The Iron Lady" and is considered a favorite for the SAG prize and for her third win at the Academy Awards, which are set for Feb. 26.

The front-runners for the other SAG awards are actors in fictional roles, though, among them George Clooney as a dad in crisis in "The Descendants" and Jean Dujardin as a silent-film star fallen on hard times in "The Artist." Both are up for best actor, and both won Globes ? Clooney as dramatic actor, Dujardin as musical or comedy actor.

Octavia Spencer as a brassy Mississippi maid in "The Help" and Christopher Plummer as an elderly dad who comes out as gay in "Beginners" won Globes for supporting performances and have strong prospects for the same honors at the SAG Awards.

The winners at the SAG ceremony typically go on to earn Oscars. All four acting recipients at SAG last year later took home Oscars ? Colin Firth for "The King's Speech," Natalie Portman for "Black Swan" and Christian Bale and Melissa Leo for "The Fighter."

The same generally holds true for the weekend's other big Hollywood honors, the Directors Guild of America Awards, where Michel Hazanavicius won the feature-film prize Saturday for "The Artist." The Directors Guild winner has gone on to earn the best-director Oscar 57 times in the 63-year history of the union's awards show.

SAG also presents an award for overall cast performance, a prize that's loosely considered the ceremony's equivalent of a best-picture honor. However, the cast award has a spotty record at predicting what will win best picture at the Oscars.

While "The King's Speech" won both honors a year ago, the SAG cast recipient has gone on to claim the top Oscar only eight times in the 16 years since the guild added the category.

The SAG ceremony also includes an award for stunt ensemble, whose nominees include such hits as "Harry Potter and the Deathly Hallows: Part 2," "Transformers: Dark of the Moon" and "X-Men: First Class."

Airing live on TNT and TBS, the show features nine television categories, as well.

Receiving the guild's life-achievement award is Mary Tyler Moore. The prize will be presented by Dick Van Dyke, her co-star on the 1960s sit-com "The Dick Van Dyke Show."

___

Online:

http://www.sagawards.com

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/ap/20120129/ap_en_tv/us_sag_awards

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Monday, January 30, 2012

Justin Bieber, Rihanna Nab NRJ Awards

Adele, LMFAO also take home prizes at the French music awards show over the weekend.
By Jocelyn Vena


Justin Bieber at the NRJ Music Awards
Photo: WireImage

With awards season in full gear, a number of the music industry's biggest names headed out to Palais des Festivals on the French Riviera in Cannes for the NRJ Awards. Adele, Rihanna and Justin Bieber all walked away with trophies.

Adele won two awards, taking home International Revelation of the Year and International Song of the Year for "Someone Like You." LMFAO also walked away with two prizes: Music Video of the Year for "Party Rock Anthem" as well as International Group/Duo of the Year. The guys performed the song at the show along with their party track "Sexy and I Know It."

Rihanna won International Female Artist and later took to Twitter to thank everyone for the recognition. "Thank you NRJ and my #FRENCHNavy and all the fans who voted, for your immense support!" she wrote. "I love you always #InternationalFemaleOftheYearNRJ."

Shakira won the NRJ Award of Honor, and Bieber took home the male version of the award. The teen star took the stage in his baby blue printed jacket and black jeans, telling the room, "I'm just really excited to be here. I want to thank all my fans for being so amazing. I want to do another French song. I did one French song but I want to do some more French and hopefully perfect. My grandma's first language is French."

He later tweeted, "I never thought i would ever get out of stratford and now im celebrating in france. never gets old. ALWAYS grateful! #Ilovemyfans"

Other winners included Francophone (French) Revelation of the Year for Keen V and Francophone Male Artist of the Year for M. Pokora. Mika won the International Male Artist of the Year while Shy'm took it home for Francophone Female Artist of the Year. Francophone Song of the Year went to "A Nos Actes Manqués" performed by M Pokora. Simple Plan and Marie-Mai nabbed Francophone Group/Duo of the Year while Mylène Farmer won NRJ Award of Diamond.

What do you think of this awards season so far? Leave your comments below!

Related Videos Related Artists

Source: http://www.mtv.com/news/articles/1678119/justin-bieber-rihanna-nrj-awards.jhtml

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Engine Advocacy Turns Tech Nerds Into Political Experts (Mashable)

How do you turn technology nerds into political experts? That's the question being asked by Engine Advocacy, a group dedicated to getting "tech startups, entrepreneurs and technologists" involved in shaping public policy. The goal of Engine Advocacy is "to give entrepreneurial people and businesses a voice in the Washington policy arena that they haven?t before," according to co-founder Michael McGeary.

[More from Mashable: U.S. Takes First Steps Toward Internet Voting]

The group has a stake in a variety of issues, including an open Internet, intellectual property rights, privacy laws, broadband access, spectrum reform and immigration reform. (Why immigration? Engine Advocacy wants a "startup visa" to make it easer for people to come to the U.S. to innovate.)

Engine Advocacy has no registered lobbyists working for it. Instead, the organization seeks to teach Silicon Valley about Washington, D.C and to give technological innovators "action tools" for getting involved with public policy.

[More from Mashable: How to Watch and Interact With the State of the Union Address Online]

"Most people realize it?s not good enough as an entrepreneur or startup CEO to take the feeling of 'let me do my job,'" says McGeary. "I come from the political world, I've worked on a couple of campaigns and I?ve come to Silicon Valley and I?ve been heartened to talk to so many smart people that are saying 'ok, let?s figure out how to do this so we don?t have to be passive all the time.'"

McGeary says his organization is a "loosely formed coalition" that's growing "quickly by the day." The idea to start the organization came before SOPA (Stop Online Piracy Act) and PIPA (PROTECT IP Act) became the hot-button issues of the day, but according to McGeary, they were the sparks that "set the building on fire," so to speak.

"What we thought was a good idea in the Fall turned into 'we have to do this right now."

"What we thought was a good idea in the fall turned into 'we have to do this right now,'" says McGeary. "[SOPA and PIPA] were a galvanizing moment."

Engine Advocacy isn't just trying to educate tech innovators about Washington, it's also doing the reverse. The organization is making an effort to educate politicians on technology and Internet issues.

"We?ve met with several members of congressional staff," says McGeary, singling out Sen. Moran of Kansas.

"(Sen. Moran) and his staff are really committed to tech issues and wanting to get more education about them and trying to find ways to legislate in more productive ways. We???re young in the Senate, but together there???s power in injecting these two communities and I???ve been glad about that."

SEE ALSO: ACTA 'Is More Dangerous Than SOPA'

With SOPA and PIPA gone, what's the next big fight for Engine Advocacy? We asked McGeary if ACTA (Anti-Counterfeiting Trade Agreement) was on Engine Advocacy's radar.

"Yes, but it appears to be mostly complete at this point. We'll keep our eye on it as it rolls out, however, to see what implications there are for tech business going forward," he said.

"We're keeping our eyes on (SOPA and PIPA), of course, just in case they make a stunning, election-year comeback from being mortally wounded," says McGeary. "Beyond that, we're now taking some time to build and strengthen our organization and begin rolling out our legislative priorities for 2012, as well as beginning to develop campaign strategies looking toward the Fall. We're looking at things like Startup Act and spectrum coming down the pike fairly quickly, but also beginning to beef up our web presence and policy research to be ready for the next fights as they come along."

Do you think it's a good idea to get tech experts and innovators involved with the public policy process? Sound off in the comments below.

Image courtesy of iStockphoto, PashaIgnatov

This story originally published on Mashable here.

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/mashable/20120128/tc_mashable/engine_advocacy_turns_tech_nerds_into_political_experts

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Netanyahu pessimistic on Mideast peace prospects (Reuters)

JERUSALEM (Reuters) ? Peace prospects with the Palestinians are looking poor, Israeli Prime Minister Benjamin Netanyahu said on Sunday after exploratory talks aimed at relaunching negotiations ended in deadlock.

"As things stand now, according to what happened over the past few days - when the Palestinians refused even to discuss Israel's security needs with us - the signs are not particularly good," he told his cabinet in public remarks.

Palestinian officials said last week an Israeli negotiator's verbal presentation on Wednesday of ideas for borders and security arrangements of a future Palestinian state was a non-starter, envisaging a fenced-off territory of cantons that would preserve most Jewish settlements.

Netanyahu said he still hoped the Palestinians would "come to their senses and continue the talks so that we can move on to real negotiations."

Israeli and Palestinian negotiators held five rounds of exploratory talks in Jordan, part of a push by international mediators to revive negotiations suspended in 2010 in a dispute over Jewish settlement building in the occupied West Bank.

A Palestinian source said no more meetings were scheduled. Palestinian President Mahmoud Abbas has said he wants to consult Arab League states on the next move.

An Israeli official said Israel's approach to territorial compromise in the West Bank, captured in the 1967 Middle East war, includes the principle that "most Israelis will be under Israeli sovereignty and obviously most Palestinians will be under Palestinian sovereignty."

The official said Netanyahu had acknowledged, in a speech to the U.S. Congress last May, that not all Jewish settlements "will be on our side of the border" with a future Palestinian state.

The Palestinians want a state in the West Bank and the Gaza Strip with East Jerusalem as its capital. They say Israeli settlements could deny them a viable and contiguous country.

Israel cites biblical and historical ties to the West Bank, an area it calls Judea and Samaria, and says any peace deal must include stringent security arrangements.

(Writing by Jeffrey Heller; editing by Tim Pearce)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20120129/wl_nm/us_palestinians_israel

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Sunday, January 29, 2012

Soldiers, rebels killed in battle for Damascus suburbs

The crisis in Syria takes a dramatic turn for the worse. NBC's Ayman Mohyeldin reports.

By msnbc.com's Alastair Jamieson and news services

At least 11 people were killed early on Sunday in separate attacks as Syria's government forces battle rebels for control of areas around the capital, Damascus, according to reports by the state news agency and activists.

The violence followed Saturday's announcement that the Arab League has halted its monitoring mission in the country, sharply criticizing the regime of President Bashar Assad for the escalating armed conflict.

The uprising against Assad has become increasingly militarized recently as some frustrated protesters and army defectors arm themselves against the regime. Last week, more than 70 were killled in a single day.

The rising bloodshed has added urgency to new attempts by Arab and Western countries to find a resolution to the 10 months of violence that according to the United Nations has killed at least 5,400 people as Assad seeks to crush persistent protests demanding an end to his rule.

But the initiatives continue to face two major obstacles: Damascus' rejection of an Arab peace plan which it says impinges on its sovereignty, and Russia's willingness to use its U.N. Security Council veto to protect Syria from sanctions.

Chris Doyle, director of the

Syria's state-run news agency SANA said "terrorists" ambushed a bus carrying soldiers on a road south of Damascus on Sunday morning, killing six soldiers and wounding six others.

It said an explosive device was detonated by remote control as the bus was traveling in the suburb of Sahnaya, some 12 miles (20 km) south of the capital. SANA says those killed include two first lieutenants. Six other soldiers were injured.

Meanwhile, Syrian government forces killed at least five civilians on Sunday in an attack to take back large suburbs of the capital Damascus that had fallen under rebel control, activists said.

Around 2,000 soldiers in buses and armored personnel carriers, along with at least 50 tanks and armored vehicles moved at dawn into the eastern Ghouta area on the edge of Damascus to reinforce troops surrounding the suburbs of Saqba, Hammouriya and Kfar Batnba, they said.

In recent days, Syrian government forces killed at least 33 people in a rebel town near the Lebanese border.

Rankous, a mountain town of 25,000 people, 19 miles (30 km) north of Damascus, has been under tank bombardment since Wednesday, when it was besieged by several thousand troops led by the elite Fourth Division, under the command of President Bashar al-Assad's brother Maher, they said.

A resident of the nearby town of Sednaya, who did not want to be identified, said the 33 were killed since Wednesday and that no casualty figures were yet available for Sunday.

"We have managed to get through to people there who say the bombardment has brought down at least 10 buildings," he said, adding that tens of soldiers have defected and went in to help defend the town.

"A tented army camp has been set up near the entrance of Rankous. Most of the town's residents have fled to nearby villages," he added.

There was no immediate comment from the Syrian authorities.

It was the second major attack on Rankous since November when it was stormed by troops after a demonstration demanding Assad's removal was broadcast on the Arab news channel al-Jazeera, activists said.

As foreign powers consider their next move, Russia has put itself in conflict with the West as it shields Assad's regime from United Nations sanctions and continues to provide it with weapons even as others impose arms embargoes.

Russia's defiance of international efforts to end Syrian President Bashar Assad's crackdown on protests is rooted in a calculation that it can keep a Mideast presence by propping up its last remaining ally in the region ? and has nothing to lose if it fails.

But Moscow's relations with Washington are already strained amid controversy over U.S. missile defense plans and other disputes. And Prime Minister Vladimir Putin seems eager to defy the U.S. as he campaigns to reclaim the presidency in March elections.

"It would make no sense for Russia to drop its support for Assad," said Ruslan Pukhov, head of the independent Center for Analysis of Strategies and Technologies. "He is Russia's last remaining ally in the Middle East, allowing it to preserve some influence in the region."

Moscow may also hope that Assad can hang on to power with its help and repay Moscow with more weapons contracts and other lucrative deals.

And observers note that even as it has nothing to lose from backing Assad, it has nothing to gain from switching course and supporting the opposition.

"Russia has crossed the Rubicon," said Igor Korotchenko, head of the Center for Analysis of Global Weapons Trade.

He said Russia will always be marked as the patron of the Assad regime regardless of the conflict's outcome, so there's little incentive to build bridges with the protesters.

"Russia will be seen as the dictator's ally. If Assad's regime is driven from power, it will mean an end to Russia's presence," said Fyodor Lukyanov, editor of the magazine Russia in Global Affairs.

Syria has been Moscow's top ally in the Middle East since Soviet times, when it was led by the incumbent's father, Hafez Assad. The Kremlin saw it as a bulwark for countering U.S. influence in the region and heavily armed Syria against Israel.

While Russia's relations with Israel have improved greatly since the Soviet collapse, ties with Damascus helped Russia retain its clout as a member of the Quartet of international mediators trying to negotiate peace between Israel and the Palestinians.

After Bashar Assad succeeded his father in 2000, Russia sought to boost ties by agreeing to annul 73 percent of Syria's Soviet-era debt. In the mid-2000s, Putin said Russia would re-establish its place in the Mideast via "the Syria route."

The most powerful Russian weapon reportedly delivered to Syria is the Bastion anti-ship missile complex intended to protect its coast. The Bastion is armed with supersonic Yakhont cruise missiles that can sink any warship at a range of 300 kilometers (186 miles) and are extremely difficult to intercept, providing a strong deterrent against any attack from the sea.

Reuters, the Associated Press and msnbc.com's Alastair Jamieson contributed to this report.

Source: http://worldnews.msnbc.msn.com/_news/2012/01/29/10262653-soldiers-rebels-killed-in-fight-to-control-damascus-suburbs

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Ala. tornado survivors help after latest twisters

Survivors still haunted by memories of last year's tornado outbreak that killed 250 in Alabama are writing checks, donating diapers and standing over hot grills to help victims of the latest twisters to pummel the state.

The April 27 outbreak of 62 tornadoes that swept across the state in waves caused more than $1 billion in damage, hurt more than 2,000 people and destroyed or damaged nearly 24,000 homes. The storms leveled neighborhoods and virtually wiped out some towns. The latest outbreak of at least 10 tornadoes this week ravaged central Alabama, killing two people near Birmingham and destroying or badly damaging more than 460 homes.

Rick Johnson is still living with relatives and friends after two tornadoes last year killed four people and splintered his home in rural Cordova, where the downtown area is still in shambles. When the latest twisters hit this week, Johnson stepped up. He volunteered to cook 200 pounds of donated chicken and help deliver hot meals to volunteers, workers and storm victims in Center Point, about 45 miles from his hometown.

"You know what they're going through. You know what they feel. It's hard to describe," said Johnson, 55.

Leaders from President Barack Obama on down praised the generosity and volunteering spirit of Alabamians after last year's deadly tornado outbreak. The people who needed help last year, many of whom are still removing debris and rebuilding, have been among those lending a hand this time around. The Alabama Emergency Management Agency said 2,511 victims of last year's storms were still living in temporary housing.

For Leah Bromley, helping out victims of the latest twisters is all about repaying kindness. Mountains of donated clothes and furniture flooded her hometown of Tuscaloosa after a twister killed nearly 50 people there last year.

"I just really believe in paying it forward," said Bromley, who started Rebuild Tuscaloosa, a nonprofit organization formed after last year's twisters to solicit donations and distribute money and services for relief. Now, it's helping out in communities far from Tuscaloosa.

A University of Alabama sorority from Tuscaloosa gave donations to help victims of the latest twisters northeast of Birmingham, and a group brought more from Cullman, which also got slammed last year. A school in a Walker County town that was hard hit last year donated supplies and made sandwiches for survivors in Oak Grove, which was battered both in 2011 and 2012.

Mary Foster couldn't go home for weeks after a tornado badly damaged her home in Tuscaloosa, and she's just now settling back into a normal routine nine months later. That didn't stop her from writing a check to a relief fund this week.

Foster said she was compelled to help because so many people helped her last year, including Bromley's organization and Habitat for Humanity, which helped fix her home.

"I was glad to be able to be a blessing to them because so many people were a blessing to me," Foster said.

Foster's house in east Tuscaloosa was badly damaged when a twister cut a wide swath through the city of nearly 90,000 last year, forcing her and her two daughters to move in first with a brother, then into a motel. Her home is now repaired, but broken trees and splintered, vacant homes dot the rolling hills all through her Alberta City neighborhood, providing a constant reminder of the terror that day.

"When I came out and saw people scream and hollering. ... Oh, my," said Foster, her voice trailing off.

Thanks to contributions from people in tornado-scarred towns and elsewhere, the gym is now full at Bridge Point Church in Clay, which opened a distribution center after a twister last Monday slammed neighborhoods including one where a 16-year-old girl was killed and scores of homes were destroyed or damaged. A steady stream of storm victims came by on Wednesday gathering items off of a gym floor covered with tables full of cleaning supplies and buckets, baby food and diapers, tarps and canned foods.

Pastor Mark Higdon said the outpouring of donations has been gratifying, particularly considering how many Alabama families are still struggling to recover from the tornadoes last year, which leveled entire neighborhoods and virtually wiped out some towns. The church's gym was empty at 8 a.m. Tuesday, a day after the twisters struck, and it was overflowing 24 hours later.

"The generosity of people is unbelievable," Higdon said. "They're just more than willing to give back."

A few minutes after Higdon spoke, two trucks and a trailer loaded with donations pulled into the church parking lot with donations from Rebuild Tuscaloosa, Bromley's group. Wearing a T-shirt emblazoned with a map of Alabama and the date of last year's twisters, Brian DeWitt helped unload boxes of food, kitchen supplies and other items. DeWitt's home was spared, but friends lost theirs and he's been helping with the relief.

DeWitt said news of the January twisters stirred up a lot of emotions from last year. Sitting back and letting someone else help wasn't an option.

"The tornadoes last April 27 kind of shook Tuscaloosa up pretty well," he said. "We all got a renewed sense of community, which is not only the people you live around and love but also anyone else you can touch in your everyday life. I knew it was important after hearing about the tornado to get up here and do what we can."

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.msnbc.msn.com/id/46176022/ns/weather/

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Solo in starting lineup for US in Oly qualifier

updated 6:54 p.m. ET Jan. 27, 2012

VANCOUVER, British Columbia - Hope Solo was listed in the starting lineup for the U.S. women's soccer team in the Olympic qualifier against Costa Rica.

Solo was in the starting 11 announced before kickoff of the game Friday night at BC Place in Vancouver.

Solo has been battling a slightly pulled quadriceps in her right leg. She aggravated the injury Tuesday against Mexico and underwent acupuncture and other treatments to get ready for the Costa Rica game.

The winner earns one of two berths from the CONCACAF region for the Summer Games in London.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Source: http://nbcsports.msnbc.com/id/46169915/ns/sports-olympic_sports/

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Saturday, January 28, 2012

Geithner presses Europe to increase crisis firewall (Reuters)

DAVOS, Switzerland (Reuters) ? U.S. Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States' economic upturn.

The U.S. economy is growing at an annual rate of around 2-3 percent, Geither told the World Economic Forum in Davos, adding that it still faces big challenges to repair damage wrought by the financial crisis.

Earlier on Friday, euro zone finance officials voiced optimism at the Forum that key building International Monetary Fund could help support Europe through its debt crisis if the euro zone boosts its bailout funds, or "firewall," he said.

"Our view is that the only way Europe is going to be successful in holding this together is for them to bring a stronger firewall and that is going to demand a bigger commitment," Geithner told the Forum.

"If Europe is able and willing to do that we believe the IMF is ready to play a constructive role," he added. "I think you'll see the IMF (be) very supportive in those efforts but not as a substitute for blocks to resolve the sovereign debt crisis (that) are gradually fitting into place.

The health of U.S. business was better than expected, Geithner said, dismissing the suggestion that tighter regulations were hampering growth.

"Profitability across the US economy is very high," he added. "What is holding the US economy back still is the aftershocks of the financial crisis and the fiscal pressure on governments."

Turning to Iran, he said Washington's drive to cut Iran's oil exports was getting excellent support from Europe and that there were positive signs from China too.

"Even over the last 6 months you're seeing a substantial intensification in (cutting) dependence on Iranian oil and my sense is also that China wants to be part of that effort because it is in China's interests not to see Iran undo the delicate balance in the Gulf," he added.

On his own future, Geithner reaffirmed that he would not expect to be asked to continue as Treasury chief if President Barack Obama wins re-election.

"Generally anybody who takes these jobs serves at the pleasure of the president," he said.

"When he asked me to stay when I thought it was the right time to leave, I agreed to stay and I agreed I would stay to the balance of this term. He accepted that aspiration of mine, and that's where it's going to come out, I think."

Geithner declined to say what he would do next: "That feels like a long way away."

(Reporting by Paul Carrel and Janet McBride; editing by Patrick Graham)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20120127/bs_nm/us_davos_geithner

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HOK is a designer of new Wisconsin Energy Institute building

The St. Louis office of HOK and Potter Lawson, based in Madison, Wis., designed a $55 million, five-story building at the University of Wisconsin in Madison that will be the newest of three alternate energy research facilities in the United States.

Construction is on schedule at the Wisconsin Energy Institute, a 104,000-square-foot research center that is scheduled to open in fall 2012. The project is funded by the state of Wisconsin.

The building is designed to create a hub where scientists can collaborate efficiently. Its lead tenant will be the Great Lakes Bioenergy Research Center, one of three such centers funded by the U.S. Department of Energy to conduct research that generates technology to convert cellulosic biomass to ethanol and other biofuels.

Source: http://www.stltoday.com/business/local/hok-is-a-designer-of-new-wisconsin-energy-institute-building/article_c7318b2f-66ba-5f11-92ff-dbd2355f079b.html

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Obama courts Latino vote on economic tour (AP)

BUCKLEY AIR FORCE BASE, Colo. ? President Barack Obama is courting Hispanics in politically important states, setting himself up as a champion of the crucial Latino voting bloc and as a foil to Republican candidates fighting for a share of support from the same groups.

With Latino voters voting overwhelmingly Democratic, Obama is not in danger of losing the support of a majority of Hispanics. But he does need their intensity, and a Gallup tracking poll shows that while a majority of Hispanics approve of Obama, that approval is not as high as it is among black voters.

Pitching his economic agenda during a three-day, five-state trip this week, Obama has not ignored the fact that three of the states ? Nevada, Arizona and Colorado ? all have Hispanic populations of 20 percent or more. A majority of them are Democratic, but they also could be a factor in upcoming nominating contests in those states. Nevada and Colorado hold caucuses within two weeks and Arizona has a primary Feb. 28.

In Arizona Wednesday, where he was drawing attention to his efforts to increase manufacturing, Obama playfully interacted with a supporter who shouted out: "Barack es mi hermano! (Barack is my brother!)"

"Mi hermano ? mucho gusto (My brother, a real pleasure)," Obama shouted back.

And it was no accident that he scheduled an interview with Univision, the Spanish language network that reaches a broad swath of the U.S. Latino population, while he was in Arizona and with local Telemundo affiliates Thursday in Las Vegas and in Denver. All that while former Massachusetts Gov. Mitt Romney, former House Speaker Newt Gingrich and the rest of the Republican presidential field were battling in Florida, another state with a key Latino voting bloc.

"It's an important community in this country and he will continue to have those interactions," White House spokesman Jay Carney said of Obama's efforts to reach out to Spanish language media.

No issue reverberates more in the appeal to Latinos than immigration.

For Obama, it reared up suddenly for him Wednesday when Arizona Gov. Jan Brewer, a Republican who signed one of the toughest laws to curtail illegal immigration, greeted him at the airport tarmac in Mesa, Ariz., with a handwritten invitation for the president to join her in a visit to the Mexican border.

Obama replied coolly, noting that he did not appreciate the way she had depicted him in a book she published last year, "Scorpions for Breakfast." In the book, Brewer writes that Obama was condescending and lectured her during a meeting at the White House to discuss immigration. "He was a little disturbed about my book," Brewer told two reporters shortly after the encounter.

Obama continued to promote his economic plan Thursday in Nevada and Colorado, focusing on energy policy and his attempts to expand oil and gas exploration while also emphasizing clean energy.

"Doubling down on a clean energy industry will create lots of jobs in the process," the president said at Buckley Air Force Base in Colorado, where the Air Force has installed solar panels and tested jets that run on biofuels.

As such, he was indirectly pitching to Hispanics as well. A new Pew Research Center poll found that 54 percent of Latinos believe that the economic downturn has been harder on them than on other groups in the U.S.

"There is no question that Latinos were hard hit, especially by the bursting of the housing bubble and the resulting steep decline in construction work," Carney said Thursday. "Latinos are overrepresented in the construction industry. It's one of the reasons why, certainly, Latinos would greatly benefit from infrastructure investments that put construction workers back to work."

In 2008, Obama beat Republican John McCain by a 2-1 margin among Hispanics.

To win again, he will need that level of enthusiasm to make up for weaknesses elsewhere in his voter support. In a bright spot for Obama, the Pew poll found that even though Hispanics believe their economic condition is poor, two-thirds of those polled said they expect their financial situation to improve over the next year, whereas 58 percent of the overall population expect the same.

In his interview with Univision, Obama made a point of noting that both Romney and Gingrich have said they would veto legislation, known as the DREAM Act, that would give a pathway to citizenship to children who came to the United States illegally but who attend college or enlist in the military.

"They believe that we should not provide a pathway to citizenship for young people who were brought here when they were very young children and are basically American kids but right now are still in a shadow," Obama said. "They've said that they would veto the DREAM Act. Both of them."

At a debate Monday on NBC, however, both Gingrich and Romney said they would support modified legislation that only applied to young people who joined the military. "I would not support the part that simply says everybody who goes to college is automatically waived for having broken the law," Gingrich said.

Obama, in the interview, explicitly connected the Republican presidential field to congressional Republicans, who suffer from bottom-dwelling approval ratings right now. Asked why he had been unable to deliver on his promise for overhauling the immigration system, Obama replied:

"Well, it's very simple. We couldn't get any Republican votes. Zero. None," he said. "So this is the kind of barrier that we're meeting in Congress. We're just going to keep on pushing and pushing until hopefully we finally get a break."

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_bi_ge/us_obama

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Richard (RJ) Eskow: Last Night's GOP Debate Was Like Bad 1950's-Style Science-Fiction (Huffington post)

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

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/192081574?client_source=feed&format=rss

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Samsung 4Q profit rises 17 pct on smartphone sales (AP)

SEOUL, South Korea ? Samsung Electronics Co. reported a 17 percent jump in fourth quarter profit on the strength of smartphone sales even as the company battled claims it had copied Apple's iPhone.

Samsung said Friday in a regulatory filing that its net profit reached 4 trillion won ($3.5 billion) in the three months that ended in December. The company earned 3.4 trillion won in the same quarter a year earlier.

The Suwon, South Korea-based company said its operating profit jumped 75.8 percent to 5.3 trillion won in the fourth quarter. The figure was closely in line with the company's estimate earlier this month of a 73 percent rise.

The company, however, posted an operating loss of 220 billion won in its display division in the fourth quarter despite a sales increase of 19 percent from the previous year.

"If profit in handsets continues to stream in, this year will also likely be a solid one for Samsung," said Jae Lee, an analyst at Daiwa Securities in Seoul. "The biggest threat would be if the global economy worsens."

Samsung, the world's biggest manufacturer of memory chips and liquid crystal displays, said demand for semiconductors in mobile products and servers remained solid despite weakness in personal computers, which face stiff competition from the rising popularity of tablets.

Samsung has over the decades grown into a key global manufacturer of components that let PCs, digital music players and handsets store data and display it on flat, high-resolution screens. The company has recently been stepping up its challenge against Apple Inc. in the global smartphone business, releasing models such as the Galaxy S II.

Cupertino, California-based Apple, which spurred the smartphone boom with the launch of its iPhone in 2007, has accused Samsung of "slavishly" copying its smartphone and iPad in design, user interface and packaging. Apple sued Samsung in April last year in the United States.

The legal battle has now spilled into 10 countries, according to Samsung officials. Court rulings so far have tended to side with Apple.

Lee said legal battles with Apple would start weighing less on Samsung this year as the South Korean company is expected to release models with new designs.

The quarterly profit brought 2011 net profit to 13.7 trillion won, down 15 percent from the previous year.

Samsung shares rose 0.4 percent to 116,000 won in Seoul.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20120127/ap_on_hi_te/as_skorea_earns_samsung

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Friday, January 27, 2012

Japan's 'Nuclear Alley' conflicted over reactors (AP)

OHI, Japan ? International inspectors are visiting a rugged Japanese bay so thick with reactors it is dubbed "Nuclear Alley," where residents remain deeply conflicted as Japan moves to restart plants idled after the Fukushima disaster.

The local economy depends heavily on the industry, and the national government hopes that "stress tests" at idled plants ? the first of which is being reviewed this week by the International Atomic Energy Agency ? will show they are safe enough to switch back on.

But last year's tsunami crisis in northeastern Japan with meltdowns at three of the Fukushima reactors has fanned opposition to the plants here in western Fukui prefecture, a mountainous region surrounding Wakasa Bay that also relies on fishing and tourism and where the governor has come out strongly against nuclear power.

"We don't need another Fukushima, and we don't want to repeat the same mistake here," said Eiichi Inoue, a 63-year-old retiree in the coastal town of Obama. "I know they added stress tests, but what exactly are they doing?"

"I oppose restarting them," he said.

Other residents said that economic realities made the plants indispensable, including Chikako Shimamoto, a 38-year-old fitness instructor in Takahama, a town that hosts one of the region's nuclear plants.

"We all know that we better not restart them," Shimamoto said. "But we need jobs and we need business in this town.

"Our lives in this town depends on the nuclear power plant and we have no choice," she said.

On Thursday, an IAEA team visited a plant in the village of Ohi to check whether officials at operator Kansai Electric Power Co. had correctly done the tests at two reactors. The tests are designed to assess whether plants can withstand earthquakes, tsunamis, loss of power or other emergencies, and suggest changes to improve safety.

Their visit, at Japan's invitation, appeared aimed at reassuring a skeptical public that authorities are taking the necessary precautions before bringing nuclear plants back on line.

Some experts are critical of the stress tests, saying they are meaningless because they have no clear criteria.

The government idled most plants for mandatory tests and maintenance after the Fukushima disaster. Currently, only four of Japan's 54 reactors are operating. If no idled plants get approval to restart, the country will be without an operating reactor by the end of April.

Before the March 11 earthquake and tsunami that led to the Fukushima crisis, nuclear plants generated about 30 percent of the country's electricity. To make up for the shortfall, utilities are temporarily turning to conventional oil and coal-fired plants, and the government has required companies to reduce their electricity consumption.

Prime Minister Yoshihiko Noda has promised to reduce Japan's reliance on nuclear power over time, but it still needs some nuclear power until next-generation sources are developed.

In Fukui, 13 reactors at four complexes are clustered along a 55-kilometer (35-mile) stretch of coast with snow capped mountains facing the Sea of Japan. It's known as "Gempatsu Ginza," a phrase that roughly translates to "Nuclear Alley."

Only one of the 13 reactors is still running. The rest have been shut down for regular inspections required every 13 months. To start running again, they must pass the stress test.

Another hurdle will be gaining local support for the plants to restart. While local consent is not legally required for that to happen, authorities generally want to win local backing and make efforts to do so.

Fukui Gov. Issei Nishikawa, however, says he will not allow a startup of any of the prefecture's commercial reactors.

And the city assembly in Obama ? a town that briefly enjoyed international fame when it endorsed Barack Obama in the 2008 U.S. presidential race_ has submitted an appeal to the central Tokyo government to make Japan nuclear-free.

But officials in Mihama, another town that hosts a nuclear plant, have expressed support for the town's three reactors also operated by Kansai Electric, also called Kepco.

Fukui is a largely rural area, traditionally focused on fishing and farming, but it has a significant textile and machinery industry, and boasts of being a major producer of eye-glasses. Its nuclear power plants supply approximately half of all the electricity used in the greater Kansai region, which includes Osaka and Kyoto.

Several towns' fortunes are tied closely to the nuclear industry.

Community centers and roads are paid by the government subsidies for hosting the plants. Closing the plants not only means losing jobs for thousands of workers, but hardship for stores, restaurants and other service industries.

Many of those interviewed had family members, relatives or friends with jobs at the plants, and some refused to give their names due to fear of repercussions.

Noda has said the final decision on restarting nuclear plants would be political, suggesting that the government would override any local opposition if Japan's energy needs become dire.

Naozane Sakashita, a taxi and bus driver, said his salary had decreased "substantially" after the Ohi and other plants went offline.

"I think these idle plants should resume as soon as their safety is confirmed," he said. "Our jobs and daily life are more important than a disaster that occurs only once in a million years."

Still, he said he is concerned about the safety of the plants because his son works as a control room operator at the Takahama plant.

"If our economy prospers without compromising our safety, of course it would be best to live without nuclear energy," he said.

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_bi_ge/as_japan_nuclear

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How Smartphone Camera Tech Will Evolve in 2012

Handset manufacturers identified image capture as a key application for mobile devices early on, and have been iterating the sub-webcam-quality cameras that graced the original cellphones ever since. For 2012 and beyond, smartphone cameras will only improve further. Here are four key areas of development to watch.

Source: http://feedproxy.google.com/~r/GearFactor/~3/_cee9jfQBgA/

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Durables orders up, job market still healing (Reuters)

WASHINGTON (Reuters) ? New orders for manufactured goods rose in December and a gauge of future business investment rebounded, while new claims for jobless benefits rose only moderately last week, suggesting the labor market was still healing.

Durable goods orders climbed 3.0 percent, the Commerce Department said on Thursday. Economists had forecast orders rising 2.0 percent.

Durable goods range from toasters to big-ticket items like aircraft which are meant to last three years and more.

Orders last month were buoyed by 5.5 percent increase in bookings for transportation equipment as orders for civilian aircraft surged 18.9 percent. Boeing received 287 orders for aircraft during the month, according to the plane maker's website, up from 96 in November.

Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, advanced 2.9 percent.

Business spending, which has helped the economy to recover from the 2007-09 recession, had been showing signs of cooling but December's rebound in new orders suggested corporations might be growing more willing to invest.

"What it does tell you about going into the new year is that there's some momentum here," said Jacob Oubina, an economist at RBC Capital Markets in New York.

Also, shipments of non-defense capital goods orders excluding aircraft, which go into the calculation of gross domestic product, rose 2.9 percent after declining 1.0 percent in November.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Graphic on jobless claims:

http://link.reuters.com/xah36s

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

Investors in U.S. stock futures appeared to take little notice of the data, with prices slightly higher. U.S. Treasury debt prices pared gains modestly.

Increased consumer spending and efforts by companies to restock their shelves likely led the U.S. economy to accelerate at the end of 2011 although many economists expect some of that strength to wane early this year.

A report due Friday is expected to show the economy grew at a 3.0 percent annual rate in the fourth quarter, up from 1.8 percent in the previous period.

The proxy for business spending plans had dropped 1.2 percent in November and 0.9 percent in October. Economists' had expected a 1.0 percent gain last month.

Orders for motor vehicles edged up 0.6 percent. Excluding transportation, orders rose 2.1 percent.

In a separate report, Labor Department data showed new U.S. claims for unemployment benefits rising last week but the underlying trend continued to point to improving labor market conditions.

Initial claims for state unemployment benefits increased 21,000 to a seasonally adjusted 377,000, the Labor Department said. The prior week's figure was revised up to 356,000 from the previously reported 352,000.

On Wednesday, Federal Reserve Chairman Ben Bernanke said the U.S. central bank could do more to help growth if the economy falters, after policymakers said interest rates would remain near zero until late 2014.

Among the darker clouds looming over the U.S. economy, Europe is still racing to contain a sovereign debt crisis that is widely seen triggering a recession in the euro zone.

Greece resumes tortuous negotiations on a debt swap with private creditors in Athens on Thursday, with the European Central Bank thrown into the mix after IMF chief Christine Lagarde said public sector holders of Greek debt may need to take losses too.

(Reporting by Jason Lange; Additional reporting by Lucia Mutikani in Washington and Emily Flitter in New York; Editing by Andrea Ricci)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120126/bs_nm/us_economy

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Thursday, January 26, 2012

Video: EIA Oil Inventory Report: 3.6 Million Barrel Build

CNBC's Sharon Epperson has the inventory data on crude oil, gas and distillates. The big surprise is the much greater than expected 3.6 Million Barrel Build in supplies.

Related Links:

Business & financial news headlines from msnbc.com

Top of page

Source: http://video.msnbc.msn.com/cnbc/46132362/

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Apple doubles iPhone sales in 1Q (AP)

NEW YORK ? After uncharacteristically tepid sales in the July-to-September quarter, Apple came back with a vengeance in the last three months of 2011, vastly exceeding analyst estimates and setting new records.

Apple Inc. on Tuesday said it sold 37 million iPhones in the quarter, double the figure of the previous quarter and more than twice as many as it sold in the holiday quarter of 2010.

The result may make Apple the world's largest maker of smartphones. Samsung Electronics, which held that position last summer, has said it expects to report shipping about 35 million smartphones in the October to December quarter.

October saw the launch of the iPhone 4S, and the addition of Sprint Nextel Corp. as an iPhone carrier in the U.S.

Apple said net income in the fiscal first quarter was $13.06 billion, or $13.87 per share. That was up 118 percent from $6 billion, or $6.43 per share, a year ago.

Analysts polled by FactSet were expecting earnings of $10.04 per share for the latest quarter, Apple's fiscal first.

Revenue was $46.33 billion, up 73 percent from a year ago. Analysts were expecting $38.9 billion.

The Cupertino, Calif., company shipped 15.4 million iPads in the quarter, again more than doubling sales over the same quarter last year. The November launch of Amazon.com Inc.'s $199 Kindle Fire tablet didn't appear to put a dent in the iPad's sales, as some analysts predicted it would.

Apple shares rose $33.03, or 7.9 percent, to $453.53 in extended trading, after the release of the results.

Chief Financial Officer Peter Oppenheimer said the company expects earnings of $8.50 per share in the current quarter, and sales of $32.5 billion. Both figures are above the average estimate of analysts polled by FactSet, even though Apple usually low-balls its estimates.

Apple ended the quarter with a cash balance of a staggering $97.6 billion. That's more than enough to buy Citigroup Inc. outright, or issue a special dividend of $100 per Apple share.

For years, investors have been frustrated with Apple's unwillingness to put the cash to use, but complaints have been muted as Apple continues to generate record-breaking results and as the stock price keeps rising. Apple executives have said the cash hoard gives the company flexibility to make acquisitions and long-term supply deals.

If the stock rally in extended trading survives into regular trading Wednesday, Apple will retake the position of most valuable company in the world from Exxon Mobil Corp. Apple first unseated Exxon last summer, and the two have been trading places since then.

Apple's results lifted shares of smaller companies that supply chips for the iPhone, like TriQuint Semiconductor, up 7.7 percent, Cirrus Logic Inc., up 6.8 percent, Broadcom Corp., up 4.2 percent, and Skyworks Solutions Inc., up 3.7 percent.

Apple co-founder and longtime CEO Steve Jobs died Oct. 5, just as the record-breaking quarter started.

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/ap/20120124/ap_on_hi_te/us_earns_apple

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Mitt?s Income vs. Your Income

Mitt Romney released his 2010 tax return on Monday. His total income for the year was listed as $21.6 million, more than one-half of which came from capital gains. How does that stack up against your income? Enter your annual income below to find out how long it would have taken Mitt Romney to earn the same amount of money. (Don?t worry, we?re not collecting any data you type in.)

Source: http://feeds.slate.com/click.phdo?i=723eab878783fbb1a9b0d1bbe229e9d7

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GOP Candidates Spar on Freddie Mac and Fannie Mae (ContributorNetwork)

American taxpayers have contributed more than $183 billion to bailout mortgage lenders Freddie Mac and Fannie Mae in the years following the housing collapse, according to CNN. Given this considerable burden, the Republican presidential candidates were asked if they played any role in aiding these two firms and how they plan on helping distressed homeowners.

Here is what they said, according to the Florida GOP debate transcript provided by the Council on Foreign Relations:

* Rick Santorum: "There were several of us in the United States Senate back in 2005 and 2006 who saw the problem with Freddie and Fannie, and tried to move forth with a bill. We voted a bill out of committee to try ? to constrain Fannie and Freddie, and there were a lot of people out there fighting that, including Harry Reid and his minions. I signed a letter ? that said ? if we don`t constrain these two behemoths from continuing to underwrite this subprime mortgage problem, then we`re going to have a collapse. The problem now is, what are you going to do about it? And what I've said is ? let capitalism work. Allow these banks to realize their losses. And create an opportunity for folks who have houses to realize their losses and at least help them out."

* Ron Paul: "Everybody now admits in Washington interest rates were kept too low, too long. ? They kept interest rates especially low with Freddie Mac and Fannie Mae, and there was a line of credit there, and it was a guarantee. As a matter of fact, I had introduced legislation 10 years before the bubble burst to eliminate that line of credit. But then the Community Reinvestment Act added more fuel to it, forcing banks to make loans that are risky loans. ? The consequences were anticipated. It was all government manufactured. ? The best thing you can do is get out of the way, because you want the prices to come down so that people will start buying them again, but politicians can't allow that to happen. Our policies in Washington still has been to try to stimulate houses and keep prices up."

* Mitt Romney: "Mr. Speaker ? you said you were paid $300,000 by Freddie Mac as an historian. They don`t pay people $25,000 a month for six years as historians. ? This contract proves that you were not an historian. You were a consultant. ? And you were hired by the chief lobbyist of Freddie Mac, not the CEO, not the head of public affairs. You also spoke publicly in favor of these government-sponsored entities at a very time when Freddie Mac was getting America in a position where we would have had a massive housing collapse. ? You could have spoken out in a way to say these guys are wrong, this needs to end. But instead, you were being paid by them. You were making over $1 million at the same time people in Florida were being hurt by millions of dollars."

* Newt Gingrich: "I have never done any lobbying. Congressman J.C. Watts, who for seven years was the head of the Freddie Mac Watch Committee, said flatly he has never been approached by me. The fact is that Congressman Rick Lazio, who is chairman of the Housing Subcommittee, said he has never been approached by me. And the only report in the newspaper was "The New York Times" in July of 2008, which said I told the House Republicans they should vote no, not give Freddie Mac any money, because it needed to be reformed."

Source: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http%3A//news.yahoo.com/s/ac/20120125/pl_ac/10882649_gop_candidates_spar_on_freddie_mac_and_fannie_mae

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Wednesday, January 25, 2012

Monday Evening Open Thread (Balloon Juice)

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Coach 2nd-quarter net income rises 15 percent (AP)

NEW YORK ? Luxury bag maker Coach said Tuesday that strong demand for its luxury handbags during the holidays helped fiscal second-quarter net income rise nearly 15 percent.

Results beat expectations and shares rose nearly 3 percent in premarket trading.

The luxury sector has been a bright spot in U.S. retail as the affluent keep spending while other sectors have been slower to recover from the recession. CEO Lew Frankfort singled out North American results.

"We were especially pleased with our ongoing strength in North America during the holiday season," he said in a statement. A key revenue figure, which excludes newly opened or closed stores, rose 8.8 percent in North America during the October-December quarter.

Coach's international business and its growing men's business also did well during the key holiday selling period.

The New York company said net income rose to $347.5 million, or $1.18 per share, in the three months ended Dec. 31, from $303.4 million, or $1 per share in late 2010. That beat analyst expectations of $1.15 per share, according to FactSet.

Revenue rose 15 percent to $1.45 billion from $1.26 billion. Analysts expected revenue of $1.43 billion.

Direct-to-consumer sales, which include Coach stores, catalog and online business, rose 17 percent to $1.28 billion.

Shares rose $1.76 to $66 in premarket trading.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20120124/ap_on_bi_ge/us_earns_coach

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`Underworld' sinks teeth into box office with $25M (AP)

LOS ANGELES ? Kate Beckinsale is back with a vengeance, with her latest "Underworld" movie opening at No. 1 this weekend.

"Underworld Awakening" made an estimated $25.4, distributor Sony Screen Gems reported Sunday.

This is the fourth film in the vampire action saga. Beckinsale starred in the first two movies as the warrior Selene, then bowed out of part three but returned for this latest installment. "Underworld Awakening" was shown for the first time in 3-D as well as on IMAX screens, where it made $3.8 million. That's 15 percent of the film's weekend gross, which is a record for an IMAX digital-only run.

Sony had hoped the film would end up in the low-$20 million range. But Rory Bruer, the studio's president of worldwide distribution, says the fact that it did even better ? despite a snow storm that hit much of the Midwest and East Coast ? primarily has to do with Beckinsale's return.

"She is such a force. Her character ? you just can't take your eyes off of her. I know the character is very dear to her, as well, and she just kills it," Bruer said. "The 3-D aspect of the film also brings something, makes it a fun, visceral ride."

Opening in second place was "Red Tails" from executive producer George Lucas, about the Tuskegee Airmen who were the first black fighter pilots to serve in World War II. It made an estimated $19.1 million, according to 20th Century Fox, which was well above expectations; the studio had hoped to reach double digits, said Chris Aronson, executive vice president of domestic distribution.

"I believe what George Lucas has stated all along: This is an important story and a story that must be told. It is a true story of American heroism and valor and audiences have really responded to this message," Aronson said. "People want to feel good about themselves, they want to be uplifted. We have enough hard crud going on in this country right now. Times are tough, and if we look back and are told a story of some really fantastic deeds, that's really compelling moviegoing."

Hollywood.com analyst Paul Dergarabedian said a grass-roots effort to get groups of people into the theaters to see "Red Tails," along with positive word-of-mouth, helped its strong showing. The film saw an uptick from about $6 million on Friday to $8.65 on Saturday.

Overall box office is up 31 percent from the same weekend a year ago, Dergarabedian said, thanks to new releases as well as movies like "Extremely Loud & Incredibly Close," which had limited runs for awards consideration at the end of 2011 and are now expanding nationwide. The 9/11 drama from Warner Bros., starring Tom Hanks and Sandra Bullock, came in fourth place with $10.5 million.

Last week's No. 1 film, the Universal smuggling thriller "Contraband" starring Mark Wahlberg, dropped to the No. 3 spot with $12.2 million. It's now made $46.1 million in two weeks. Meanwhile, Steven Soderbergh's international action picture "Haywire" from Relativity Media, starring mixed martial arts superstar Gina Carano in her first film role, opened in fifth place with $9 million, which was above expectations.

"This is a great, perfect January weekend. You've got these holdover films and newcomers creating an overall marketplace that people are really responding to," Dergarabedian said. "It sounds clich? but this marketplace really has something for everyone."

Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Hollywood.com. Where available, latest international numbers are also included. Final domestic figures will be released Monday.

1. "Underworld Awakening," $25.4 million.

2. "Red Tails," $19.1 million.

3. "Contraband," $12.2 million.

4. "Extremely Loud & Incredibly Close," $10.5 million.

5. "Haywire," $9 million.

6. "Beauty and the Beast (3-D)," $8.6 million.

7. "Joyful Noise," $6.1 million.

8. "Mission: Impossible ? Ghost Protocol," $5.5 million.

9. "Sherlock Holmes: A Game of Shadows," $4.8 million.

10. "The Girl With the Dragon Tattoo," $3.75 million ($15.7 international).

___

Online:

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Tuesday, January 24, 2012

Dutch court rejects Apple appeal, says Samsung Galaxy Tab 10.1 is legal

A court in the Hague has just cleared the Samsung Galaxy Tab 10.1 for sale in the Netherlands, rejecting Apple's requests for a nationwide ban. As NU.nl reports, a different Dutch court had already issued a similar ruling in October, which Cupertino promptly appealed, claiming that Sammy's slate was too similar to its own iPad 2. Today, though, the Court of the Hague shot down Apple's arguments, determining that there are enough differences between the two products to legally justify their coexistence. Granted, this is only one of many patent battles that the two companies are currently waging, but for today, at least, it looks like Samsung has come out on top.

[Thanks, Rolfski]

Dutch court rejects Apple appeal, says Samsung Galaxy Tab 10.1 is legal originally appeared on Engadget on Tue, 24 Jan 2012 06:33:00 EDT. Please see our terms for use of feeds.

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