Monday, January 2, 2012

Gaza's Hamas premier visits flotilla ship (AP)

ISTANBUL ? The Hamas premier of the Gaza Strip has visited a ship docked in Turkey that in 2010 was the target of a deadly raid by Israeli troops seeking to prevent an aid flotilla reaching the Palestinian territory.

The visit Monday by Ismail Haniyeh was a show of solidarity with the Islamic aid group IHH, which had planned to send the Mavi Marmara vessel with another Gaza flotilla last year but then dropped the plan.

On the Istanbul dock, Haniyeh denounced the Israeli blockade of Gaza. Israel has lifted restrictions on consumer goods, though it kept a ban on materials like cement and metals that it says could be used by Hamas to build fortifications or aid attacks on Israel.

Haniyeh is on a tour of the Muslim world, his first trip outside the blockaded territory since Hamas took over Gaza in 2007.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120102/ap_on_re_eu/eu_turkey_hamas

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GOP's Bachmann limps to Iowa caucus finish line (AP)

NEVADA, Iowa ? Encountering small crowds and fresh viability questions, Republican Michele Bachmann slogged into the final weekend of Iowa caucus campaigning Friday looking for any spark to her flagging bid.

The closing week hasn't been kind to the one-time GOP contender: She's losing staff. She's faced calls to abandon her bid. And she has no money.

The difficulties were evident in two restaurant stops where reporters outnumbered patrons.

"Our effort wasn't to bring crowds out. We were just dropping in," she said outside a cafe in Early.

The Minnesota congresswoman is at the back of the pack in polls. But she vows to soldier on, even if that means her candidacy will split the vote of pivotal conservatives in Iowa and allow for victories by a candidate who isn't seen as adhering as strongly to GOP orthodoxy ? like Mitt Romney or Ron Paul.

Regarded as a tea party heroine, the only woman in the Republican race has struggled to revive her campaign since her standing dropped shortly after she won a statewide test vote in Iowa. That turned out to be the high point of her campaign.

Iowa Rep. Steve King, one of Bachmann's closest allies in Congress, came to one of Friday's events. He praised her but he stopped short of an outright endorsement in a race that's so far kept him neutral.

"I have not made a commitment on this presidential race but I've made a commitment to this great friend to always be this great friend," King said of Bachmann.

She's spent the final week before Tuesday's Iowa caucuses on a bus tour of the state's 99 counties. Sometimes the crowds barely registered double digits; in other places they spilled out the doors.

But instead of ending the exhausting sprint on a high note, Bachmann found herself facing a new reality: Rick Santorum was the conservative candidate whose standing was rising ahead of the caucuses, not her.

She also found herself feuding with high-level advisers, only the latest to abandon her.

Two top Iowa advisers left the campaign on successive days this week, with her state chairman, Kent Sorenson, quitting and then going so far as to endorse Paul within hours of campaigning with her. A day later, Wes Enos said he was leaving his job as Bachmann's political director.

Furious, Bachmann spent much of Thursday accusing Sorenson of switching allegiances for money. He denied it. But the candidate found herself in a daylong spat rather than hammering home her closing message to voters.

To some, it was another sign of a campaign in free-fall.

"If you can't get your campaign on one page, it's really hard to think you're going to get a country on one page. The timing is horrible," said veteran Iowa Republican strategist David Roederer, who is unaffiliated in this year's race but held top Iowa posts in John McCain's 2008 campaign and George W. Bush's 2000 bid.

By Friday, she deflected questions on the subject and signaled she was ready to move on.

Still, it didn't help that the departures came on top of calls by some Iowa pastors that either she or Santorum leave the race so evangelical voters can consolidate their support and block a victory by Romney or Paul. She quickly rejected the plea.

Brad Cranston, a pastor from Burlington who originally liked the idea of a merged campaign, said he's given up on that prospect and will stick with Bachmann. So will Pastor Bill Tvedt of Oskaloosa, even if he knows her chances of winning have taken a hit.

"Maybe she is out of the running at this point," Tvedt said. "I think she can come back. To bail out on the basis of electability is self-defeating to the process."

But even if she stays in the race through Tuesday, it's doubtful she could sustain a campaign beyond that.

Despite her reputation as a prolific fundraiser, she's virtually out of money. Bachmann didn't air a single TV ad in December and won't broadcast one until the day before the caucuses.

Instead, she's rolling out Internet videos, like the one she filmed this week that cast her as the "Iron Lady" of the 21st century.

And she's urging Republicans on the fence to ignore her stagnant or slipping poll numbers ? and Santorum's rise.

It's unclear whether she's having any luck.

Recent college graduate Adam Fischer sized up Bachmann in central Iowa and liked her solidly conservative voting record, but he said he may still opt for Santorum.

"I don't want to become subject to that poll mentality because that's what gets us weak candidates," Fischer said. Then he acknowledged that the one with the head of steam come Tuesday will probably get his vote.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20111230/ap_on_el_pr/us_bachmann_turmoil

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China moving to more convertible yuan: Zhou (Reuters)

BEIJING (Reuters) ? China's central bank governor argued in comments published on Saturday that Beijing does not control the yuan's flow across borders as tightly as some think and that it is natural for the currency's trading band to be widened over time.

Zhou Xiaochuan said in an interview with Chinese magazine Caixin that China did not fare badly on an International Monetary Fund measure of currencies' convertibility under the capital account.

But he stopped short of calling for a fully convertible currency.

"If the highest standard of measurement is to have wholly unrestricted convertibility, then so many developed countries have not achieved 100 percent full convertibility," Zhou told the magazine.

Investors increasingly expect that China will give them more freedom to trade the tightly controlled yuan.

While the currency is already convertible under China's current account, the broadest measure of trade in goods and services, the capital account, which measures inflows and outflows of different types of capital, is still closely managed by Beijing as it worries about capital flight and hot money inflows.

Countries with convertible currencies under their capital account let their currencies trade with few restrictions for investment purposes.

Zhou noted China must regulate levels of foreign debt incurred by private and public sectors to reduce currency risks, monitor cross-border deals to guard against illegal activities such as money laundering, and combat speculative capital flows.

"Excluding the above three factors and judging from the 40 sub-items set by the IMF, you may find that actually China is not that far from capital account convertibility," Zhou said.

Still, he said Beijing would keep improving the exchange rate regime to make it more flexible, adding it is natural for the currency to fluctuate in a bigger trading band in future.

"The yuan's trading band will be widened," he said.

China currently lets the yuan trade in a 0.5 percent range, and moves to increase that band would show Beijing is gradually relaxing its control over the currency.

"Compared with international markets, you may know that the 0.5 percent (daily trading band) is quite a small floating band," Zhou said.

INFLATION CONCERNS WANING

Investors had speculated earlier this year when China was fighting three-year high inflation that Beijing would widen the yuan's trading band to accelerate its rise and combat price pressures.

Instead, Beijing raised interest rates three times, moves that have produced some tentative success: Inflation eased to 4.2 percent in November, down from a 6.5 percent high in July.

Zhou acknowledged that price pressures are easing and that the job of fighting inflation is not as urgent as before. But he warned against complacency.

"Inflationary pressure is easing, and curbing inflation is not as urgent as in 2011," he said. "But we should not lower our guard against inflation and must appropriately manage inflation expectations."

He said that it is difficult for China to achieve the government's annual inflation ceiling of 4 percent this year and he expects inflation to be around 5 percent this year.

"China has been always having relatively big scope to adjust its monetary policy," Zhou said when asked whether a drop in China's foreign exchange purchases in recent months has given the central bank more room to adjust monetary policy.

President Hu Jintao in his televised New Year's address on Saturday, said the government would continue to maintain relatively fast economic growth and manage inflationary expectations in the year ahead.

But he also warned that "uncertainty about the global economic recovery is on the rise."

The yuan closed at a record high against the dollar on Friday, passing through resistance at 6.30 and ending 2011 with an appreciation of 4.7 percent, with traders citing signs of central bank intervention to push the yuan up at the end of the year.

The yuan's gains for the year are in line with the 4 to 5 percent traders in the onshore market had expected at the start of the year.

Traders still see the yuan appreciating in 2012 as China faces U.S. pressure to do more to rebalance bilateral and world trade, while it continues to record trade surpluses.

(Additional reporting by Ben Blanchard and Fang Yan; Editing by Edward Lane and Hugh Lawson)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20111231/bs_nm/us_china_economy_inflation

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Sunday, January 1, 2012

Saints' offense, Brees, set NFL records

New Orleans Saints quarterback Drew Brees passes during the first quarter of an NFL football game against the Carolina Panthers in New Orleans, Sunday, Jan. 1, 2012. (AP Photo/Bill Haber)

New Orleans Saints quarterback Drew Brees passes during the first quarter of an NFL football game against the Carolina Panthers in New Orleans, Sunday, Jan. 1, 2012. (AP Photo/Bill Haber)

New Orleans Saints wide receiver Marques Colston (12) pulls in a touchdown pass during the first quarter of an NFL football game against the Carolina Panthers in New Orleans, Sunday, Jan. 1, 2012. The Saints set a franchise season scoring record on the play. (AP Photo/Bill Haber)

New Orleans Saints running back Chris Ivory (29) runs past Carolina Panthers free safety Sherrod Martin (23) on a 35-yard touchdown run during the first quarter of an NFL football game in New Orleans, Sunday, Jan. 1, 2012. (AP Photo/Gerald Herbert)

Carolina Panthers outside linebacker Jordan Senn (57) tries to tackle New Orleans Saints running back Pierre Thomas (23) during the first quarter of an NFL football game in New Orleans, Sunday, Jan. 1, 2012. (AP Photo/Gerald Herbert)

(AP) ? The New Orleans Saints have set an NFL record for the most yards of offense in a season, and Drew Brees has broken Peyton Manning's 2010 mark for single-season completions.

The 2000 St. Louis Rams held the previous net yardage mark of 7,075. New Orleans eclipsed that in the second quarter of Sunday's season finale against the Carolina Panthers on a pass from Brees to Robert Meachem, reaching 7,081.

Later in the first half, Brees reached his 451st completion of the season when he hit Darren Sproles, breaking Manning's mark of 450.

In the third quarter, Brees and the Saints continued to pour it on, as Brees surpassed 300 yards passing for the seventh straight game and 13th time this season, both NFL records he already held and simply extended.

The records come one week after Brees passed Dan Marino's 27-yard-old single-season record for yards passing, reaching 5,087 yards.

Through three quarters, the Saints have scored 38 points against the Panthers, increasing their season total to 540 points, smashing the 2009 franchise record of 510. They also had 409 first downs for the season, 11 more than the record set by Kansas City in 2004.

Brees' fourth touchdown pass of the game gave the Saints 65 touchdowns on the season, surpassing the 2009 club record of 64.

Meanwhile, Graham has caught six passes for 79 yards, giving him 1,292 on the season, surpassing Kellen Winslow 1980 record of 1,290 yards receiving by a tight end.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-01-01-Saints-Yardage/id-17214ee3bf9743299bbccca6f3a172c2

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Cops: Pharmacy robber, fed agent shot dead in NY

An off-duty federal law enforcement agent responding to an armed robbery at a pharmacy on Long Island was fatally shot along with the heist suspect, who had taken money and painkillers from the store before he was killed Saturday.

The off-duty Bureau of Alcohol, Tobacco, Firearms and Explosives agent died after being taken to a hospital with a gunshot wound, Nassau County police Lt. Kevin Smith said.

The ATF identified the fallen agent as 51-year-old John Capano, a 23-year veteran of the agency, who lived in Massapequa and was married with two children.

Rory O'Connor, assistant special agent in charge in the ATF's New York office, said Capano was a customer at the pharmacy when he chose to intervene in the robbery and apprehend the suspect. "During the course of the struggle, John was shot," O'Connor said.

He described Capano as a "very dedicated, aggressive agent" who, as a trained explosives expert, taught U.S. military and local forces in Afghanistan and Iraq how to do blast investigations.

"He was a veteran agent who did his job well," O'Connor said. "Even though off-duty, he felt the need to take action in an attempt to protect the public from a known robber."

Nassau County police said the unidentified man entered the pharmacy in Seaford and announced an armed robbery about 2 p.m., looking for painkillers and money. Police said that as the man was leaving the store, he was confronted by three individuals ? the ATF agent, an off-duty city police officer and a retired Nassau County police officer.

Shots rang out, and the suspect was struck, the painkillers and cash dropping to the ground, Smith said. The ATF agent also was wounded.

Smith said it was not immediately clear who shot the ATF agent, or how or why the off-duty officer and retired officer arrived at the location at about the same time.

Police declined to say what kind of weapon the robbery suspect was carrying.

The ATF agent was taken to Nassau County Medical Center in East Meadow, where he died. The NYPD officer and retired police officer also were taken to the hospital to be treated for trauma.

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Police closed off the sidewalk with tape and covered the body with a white sheet while they investigated, said Razov Felice, owner of an Italian restaurant located down the street. Felice said the area has been struggling with a growing tide of prescription drug abuse.

"There is a lot of problem in Long Island with these drugs," Felice said. "I don't know what people are thinking. The more people talk about these drugs, the more people are trying them."

The shooting occurred about 30 miles west of another Long Island pharmacy where four people were gunned down by a drug addict during a robbery in June on Father's Day.

Nationwide, armed robberies at pharmacies rose 81 percent between 2006 and 2010, from 380 to 686, according to the U.S. Drug Enforcement Administration.

There have been a number of incidents in which New York-area police have fired at off-duty officers who were responding to a crime.

In March, an off-duty Metropolitan Transportation Authority police authority officer shot a Nassau County police officer who was in plainclothes and carrying a rifle. Both men were responding to a crime scene in the town of Massapequa Park.

In May, a New York Police Department officer shot and killed an off-duty colleague who was carrying a gun while chasing a suspected car thief in East Harlem.

In 2008, Westchester County police officers killed an off-duty officer from the New York suburb of Mount Vernon, N.Y. as he was intervening in a fight.

___

Associated Press writers Chris Hawley and David B. Caruso contributed to this report.

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/45837524/ns/us_news/

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AL: Jefferson County debt holders file questions in challenge to largest U.S. government bankruptcy

BIRMINGHAM, Alabama -- A bank representing Jefferson County debt holders and lawyers who successfully challenged the county's 2009 occupational tax have filed their proposed questions to ask the Alabama Supreme Court about the county's right to seek bankruptcy protection.

The submissions were requested by U.S. Bankruptcy Judge Thomas Bennett, as creditors seek to block Jefferson County's Chapter 9 bankruptcy filing over its $4.23 billion in debts, including $3.14 billion for a court-ordered sewer rehabilitation program.

The creditors contend Jefferson County does not have the right under Alabama law to file for bankruptcy, because it did not have any outstanding bond debt. The county has amassed its debt through bond-like debt instruments called warrants.

But the county contends it can legitimately seek Chapter 9 protection because it had issued bonds in the past and commissioners approved a resolution in July contemplating the need for future bond sales.

The lawyers want the bankruptcy judge to ask the Alabama Supreme Court if the county must have outstanding bond debt to file bankruptcy, and what effect past county bond sales or commissioners' stated future plans to sell bonds would have on the county's right to seek protection from creditors.

In a hearing earlier this month, Bennett said he had not decided if he would submit questions to the Alabama Supreme Court on its interpretation of the state government bankruptcy law. Wednesday was the deadline for lawyers to file their proposed questions to the bankruptcy judge.

The state high court currently is considering a similar issue regarding a bankruptcy petition filed by the south Alabama town of Prichard. A bankruptcy judge rejected Prichard's petition because it had outstanding warrant debt but no bond debt, and the town filed an appeal to the state Supreme Court.

Source: http://feeds.stateline.org/~r/StatelineorgRss-EconomyBusiness/~3/yC3SxWlKkzE/jefferson_county_debt_holders.html

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White Epic 4G Touch to grace Sprint come January, proves your wildest dreams can come true

If you thought Sprint was going to let T-Mobile and AT&T be the only US carriers to offer white Galaxy S IIs, think again. Per Sprintfeed is a supposed internal memo pegging the carrier's bleached variant of the GSII for January 8th, 2012. For those keeping score at home, that'll be nearly a month after T-Mo, and a good six months after we first caught wind of the unicorn. Frothing at the sentiment? Better think long and hard, as there's bound to be something equally lust worthy at an upcoming trade show.

White Epic 4G Touch to grace Sprint come January, proves your wildest dreams can come true originally appeared on Engadget on Thu, 29 Dec 2011 13:59:00 EDT. Please see our terms for use of feeds.

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