Tuesday, January 31, 2012

Senate clears way for vote on insider-trading ban

(AP) ? Congress is rushing to make it absolutely clear to everyone that its members are banned from insider stock trading, hoping to improve their sagging image that has approval ratings at historic lows.

Senators made the first move Monday. Their 93-2 procedural vote cleared the way for Senate passage ? possibly later this week ? of a bill that would require disclosure of stock transactions within 30 days and explicitly prohibit members of Congress from initiating trades based on non-public information they acquired in their official capacity. The legislation, at least partly symbolic in nature, is aimed at answering critics who say lawmakers profit from businesses where they have special knowledge.

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

Voters may believe lawmakers paid an annual salary of $174,000 are enriching themselves by making investments based on what they learn in Congress. A recent segment of CBS' "60 Minutes" in November questioned trades by a House committee chairman, the current speaker and his predecessor's husband. Speaker John Boehner, former Speaker Nancy Pelosi and Rep. Spencer Bachus, R-Ala., all denied wrongdoing. Bachus chairs the Financial Services Committee.

"Members of Congress are not above the law," Senate Majority Leader Harry Reid said before Monday's test vote. "We must play by the same rules every other American plays by." He said the bill "will clear up any perception that it's acceptable for members of Congress to profit from insider trading."

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

Joseph Lieberman, I-Conn. said, "The numbers of people who have a favorable impression of this body are so low that we're down to close relatives and paid staff. And I'm not so sure about the paid staff."

Said Sen. Scott Brown, R-Mass., one of the bill's authors: "Beginning today, the Senate is embarking on a mission to help address the deficit of trust with the American people."

The bill is entitled the Stop Trading on Congressional Knowledge (STOCK) Act. President Barack Obama endorsed it in his State of the Union speech last week and also raised the issue in his radio and Internet address Saturday.

The White House said Monday in a statement, "The administration believes this bipartisan legislation is an important first step to prevent members of Congress from profiting from their positions and calls for swift passage."

The Senate bill would prohibit lawmakers from tipping off family members or others about non-public information that could influence a stock's price, in addition to the explicit ban itself, and would require members to disclose stock transactions within 30 days. And it would direct the House and Senate ethics committees to write rules that would make insider trading violators subject to congressional punishment.

Other legislative branch employees also would be subject to the ban, but only those who are required to file annual financial disclosure statements would be subject to the reporting requirement. For 2012, employees making $119,554 or more are required to file disclosure statements..

House leaders hope to pass their version of the bill by the end of February, and Majority Leader Eric Cantor, R-Va., said he wants to expand the legislation to include land deals and other transactions.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-01-30-US-Congress-Insider-Trading/id-1068d7c27ccc4f8196fca70c6f7a52c4

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Monday, January 30, 2012

Private investors near deal on Greek debt (AP)

ATHENS, Greece ? A disorderly and potentially devastating Greek debt default is looking much less likely.

Greece and investors who own its bonds have reached a tentative deal to significantly reduce the country's debt and pave the way for it to receive a much-needed euro130 billion bailout.

Negotiators for the investors announced the agreement Saturday and said it could become final next week. If the agreement works as planned, it will help Greece remain solvent and help Europe avoid a blow to its already weak financial system, even though banks and other bond investors will have to accept multibillion-dollar losses.

Still, it doesn't resolve the weakening economic conditions in Greece and other European nations as they rein in spending to get their debts under control.

Under the agreement, investors holding euro206 billion in Greek bonds would exchange them for new bonds worth 60 percent less.

The new bonds' face value is half of the existing bonds. They would have a longer maturity and pay an average interest rate of slightly less than 4 percent. The existing bonds pay an average interest rate of 5 percent, according to the think tank Re-Define.

The deal would reduce Greece's annual interest expense on the bonds from about euro10 billion to about euro4 billion. And when the bonds mature, instead of paying bondholders euro206 billion, Greece will have to pay only euro103 billion.

Without the deal, which would reduce Greece's debt load by at least euro120 billion, the bonds held by banks, insurance companies and hedge funds would likely become worthless. Many of these investors also hold debt from other countries that use the euro, which could also lose value in the event of a full-fledged Greek default. This is the scenario analysts fear most and why they hope investors will voluntarily accept a partial loss on their Greek bonds.

The agreement taking shape is a key step before Greece can get a second, euro130 billion bailout from its European Union partners and the International Monetary Fund. Besides restructuring its debt with private investors, Greece must also take other steps before getting aid. It must cut its deficit and boost the competitiveness of its economy through layoffs of government employees and the sale of several state companies, among other moves.

Greece faces a euro14.5 billion bond repayment on March 20, which it cannot afford without additional help.

The country got its first bailout in May 2010 when the EU and the IMF signed off on a euro110 billion aid package, most of which has already been disbursed.

Private investors hold roughly two-thirds of Greece's debt, which has reached an unsustainable level ? nearly 160 percent of the country's annual economic output. By restructuring the debt held by private investors, Greece and its EU partners are hoping to bring that ratio closer to 120 percent by the end of this decade. Without a deal, analysts forecast that ratio ballooning to 200 percent by the end of this year as the Greek economy falters.

Meanwhile, Greece's public creditors ? the IMF, the EU and the European Central Bank ? are baffled by the government's repeated failure to meet deficit targets. They want more government wage cuts. That is meeting resistance by Greek politicians afraid of losing an election tentatively scheduled for the spring. But those same politicians also worry that the nation will be denied a second bailout if doesn't reduce its deficit.

Greek Finance Minister Evangelos Venizelos on Saturday night asked those who oppose structural changes to reconsider their stance.

"The coming days will be decisive for the next decade ... We must answer to tough dilemmas and we must do so with foresight and a sense of responsibility and not hide behind each other," he told reporters after meeting with the public creditors.

In return for the first bailout, Greece's public creditors have unprecedented powers over Greek spending. However, Greece's problems will not be fixed simply by cutting government spending. In order to bring its debts to a more manageable level, the country must also find ways boost economic output, which would enable it to collect more taxes.

If no debt-exchange deal is reached with private creditors and Greece is forced to default, it would very likely spook Europe's ? and possibly the world's ? financial markets. It could even lead Greece to withdraw from the euro.

Sarah Ketterer, co-manager of Causeway International Value Fund, a $1.4 billion mutual fund that invests in European stocks, said the region's markets have rebounded this month largely on expectations that negotiators would reach a deal along the lines of the one being finalized now.

Any last-minute breakdown in the talks could trigger a sharp decline in European markets, she said. But a rally is unlikely if negotiations succeed.

"The equity markets have ... largely already discounted this, and you can see that in the confidence that has returned in European equities since the end of December, and especially for financial stocks," Ketterer said.

She said there "really was no other option" than reaching a deal for bondholders to take a haircut of 50 percent or more.

Ketterer said a Greek deal could help restore bond market confidence. That would help Italy manage its own debt crisis ? one that Ketterer views as more critical than Greece's because of Italy's greater size.

The investors who own Greek bonds are being represented by Charles Dallara, managing director of the Washington-based Institute of International Finance, and Jean Lemierre, senior adviser to the chairman of the French bank BNP Paribas.

___

AP personal finance writer Mark Jewell in Boston, Elena Becatoros in Athens and Gabriele Steinhauser in Brussels contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20120129/ap_on_bi_ge/eu_greece_financial_crisis

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Gaborik's trick leads Team Chara to All-Star win

Team Alfredsson's Henrik Sedin scores past Team Chara goaltender Jimmy Howard during the first period of the NHL All-Star hockey game on Sunday, Jan. 29, 2012, in Ottawa. (AP Photo/The Canadian Press, Fred Chartrand)

Team Alfredsson's Henrik Sedin scores past Team Chara goaltender Jimmy Howard during the first period of the NHL All-Star hockey game on Sunday, Jan. 29, 2012, in Ottawa. (AP Photo/The Canadian Press, Fred Chartrand)

Team Chara's Marian Gaborik, center, is congratulated following his third goal past Team Alfredsson goaltender Jonathan Quick (32) by teammates Marain Hossa, left, and Dion Phaneuf during the second period of the NHL All-Star hockey game on Sunday, Jan. 29, 2012, in Ottawa, Ontario. (AP Photo/The Canadian Press, Sean Kilpatrick)

Team Chara's Marian Gaborik celebrates his goal past Team Alfredson goaltender Henrik Lundqvist during the first period of the NHL All-Star hockey game on Sunday, Jan. 29, 2012, in Ottawa. (AP Photo/The Canadian Press, Fred Chartrand)

Mick E. Moose, the Winnipeg Jets mascot, takes in the pre-game ceremonies at the NHL All-Star game Sunday, Jan. 29, 2012 in Ottawa. (AP Photo/The Canadian Press, Paul Chiasson)

Team Alfredsson's Hendrik Sedin, left, is congratulated byScott Hartnell after scoring past Team Chara goaltender Jimmy Howard during the first period of the NHL hockey All-Star game Sunday, Jan. 29, 2012 in Ottawa, Ontario. (AP Photo/The Canadian Press, Sean Kilpatrick)

(AP) ? Marian Gaborik got the best of New York Rangers teammate Henrik Lundqvist, and Zdeno Chara scored the winning goal for the NHL All-Star team named after him.

Even in defeat, Daniel Alfredsson rewarded the hometown fans with two goals and an assist, and then the Ottawa Senators captain provided a hint that he might come back for one more season.

For an All-Star game that lacked the league's top-name talent in Sidney Crosby and Alex Ovechkin, there was plenty to keep everyone buzzing on Sunday.

Gaborik scored three times, added an assist and earned MVP honors, and Team Chara used a third-period offensive eruption to secure a 12-9 win over Team Alfredsson.

"We have a lot of fun out there," said Lundqvist, who allowed three goals on 12 shots in the first period. "A lot of times you might forget because it's a lot of pressure, and you put a lot of pressure on yourself, but this weekend is all about the game of hockey and having fun with it. So we've been enjoying ourselves, and I hope the fans felt the same way."

What was not to like?

Fans were treated to a wide-open, no-hitting style in a game that featured plenty of nifty passing plays, numerous odd-man breaks and even a penalty shot awarded to Steven Stamkos, who leads the NHL with 32 goals.

Stamkos, however, was foiled on his freebie ? the second in All-Star game history ? when he attempted the same spin-around move he used to beat Carey Price in the skills competition on Saturday night. Jimmy Howard didn't bite on Sunday, holding his ground and hugging the post to stop Stamkos' penalty-shot attempt.

"I think I ran out of moves," Stamkos said. "I tried something fancy and hoped it would work. It didn't. But I just tried to have fun with it."

Gaborik enjoyed himself the most, earning bragging rights over Lundqvist after the two spent the past few days playfully going back and forth on Twitter. The mock feud was over Lundqvist ? Alfredsson's assistant captain ? choosing not to select Gaborik in the All-Star player draft on Thursday.

Gaborik showed just how motivated he was. After opening the scoring 4:34 in on a give-and-go with Pavel Datsyuk, Gaborik circled the net dropped to one knee and pointed his stick machine-gun style at Lundqvist while pumping his fist.

The move was identical to one done by Rangers forward Artem Anisimov earlier this season when he scored against the Tampa Bay Lightning.

This one was all in fun, said Gaborik, the 16th player to score at least three goals ? one short of matching the record ? in the All-Star game. It was the first All-Star hat trick since Rick Nash had three goals in 2008.

"It's always tough to score on him," Gaborik said of Lundqvist. "It's not easy. I was fortunate to be lucky against him, but I think he's one of the best if not the best goalie in the league."

Tim Thomas made 18 saves in the final period, and extended his record by winning his fourth All-Star game.

Hossa and Jarome Iginla had a goal and two assists, and Joffrey Lupul scored twice for Team Chara.

For Team Alfredsson, Henrik Sedin had a goal and two assists, and Daniel Sedin, John Tavares, Jason Pominville and Milan Michalek had a goal and assist each.

The outcome was decided in the final period when Team Chara outscored Team Alfredsson 6-3.

With the game tied at 8, Chara, Marian Hossa and Corey Perry scored in a span of 1:22, beating goalie Brian Elliott on consecutive shots.

Gaborik set up Chara for the decisive goal, flipping the puck into the high slot, where Chara slapped it in.

"I was surprised that I was open, and I just put it on net," Chara said. "It's nice to get the win. The fans saw some goals, and then as we were going toward the end, you could see that the guys wanted to win."

Chara paid respect to Alfredsson, saying he was rooting for his former Senators teammate to complete his hat trick.

"Alfie's such a classy guy, obviously a big icon in Ottawa and Sweden, as well, and such a great player to represent this team," Chara said. "So of course I was pulling for him."

After falling behind 3-0, Team Alfredsson rallied to tie it before the first period ended. But they didn't get their first ? and only lead ? until Alfredsson scored twice during a 1:31 span to put his team up 6-5 with just under four minutes left in the second.

His first goal came on a great individual effort in which Alfredsson, dragging the puck behind him, split defensemen Kimmo Timonen and Ryan Suter, and flipped a shot that sneaked inside the right post to beat Price. Alfredsson's second came on a wonderful passing play courtesy of Daniel and Henrik Sedin, whom Alfredsson was looking forward to play with when he drafted the twins.

That got the crowd chanting "Alfie! Alfie! Alfie!"

He nearly scored his third goal in the third period, only to have a one-timer from the left circle ring off the post.

But it was after the game when Alfredsson sounded upbeat about his future in an interview broadcast on the arena's scoreboard.

With a smile on his face, and fans cheering his name, Alfredsson said: "Fifty percent yes, and my wife's going to have to decide the other 50."

He has one year left on his contract.

It a game built around offense, the goalies still found ways to have fun with it.

Price allowed three goals on 14 shots, and lamented during the first intermission the lack of defense.

"I feel like being a lamb getting led to slaughter," Price said. "I'm must be holding on for the ride today and hope I don't get lit up too bad."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-29-All%20Star%20Game/id-0b15feb7c1af462c9ca278fc7bdd7a25

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RBS CEO turns down bonus amid criticism of payout (AP)

LONDON ? Royal Bank of Scotland chief executive Stephen Hester will not be accepting a 1 million pound ($1.5 million) bonus that drew criticism from British public and politicians, the bank said Sunday.

Spokesman David Gaffney said Hester would not receive the bonus of 3.6 million shares he was awarded last week by the board of the largely state-owned bank.

The British government spent 45 billion pounds bailing out RBS three years ago. It still owns an 82 percent stake, and politicians had criticized the reward at a time when Britons face painful spending cuts and tax hikes.

The government ? which has insisted it has no control over the bank's bonuses ? welcomed the announcement.

"This is a sensible and welcome decision that enables Stephen Hester to focus on the very important job he has got to do, namely to get back billions of pounds of taxpayers' money that was put into RBS," Treasury chief George Osborne said.

The decision follows Saturday's announcement that RBS chairman Philip Hampton was waiving his own bonus of 1.4 million pounds in shares.

Hester and Hampton were brought in after Fred Goodwin, who led RBS's ill-fated takeover of Dutch bank ABN Amro, stepped down in October 2008 as the government was spending billions to prop up the bank.

The board of directors decided last week to award Hester a bonus of 3.6 million shares ? worth just under 1 million pounds at Friday's closing share price of 27.74 pence. That came on top of his annual salary of 1.2 million pounds.

Prime Minister David Cameron said Saturday that Hester's bonus was "a matter for him," but pointed out it was much less than last year's.

The government claimed it had no control over bonuses awarded by the bank, and said replacing Hester if he resigned would be more costly than paying the reward.

But many politicians were critical. London Mayor Boris Johnson, a Conservative like Cameron, said he found the bonus "absolutely bewildering."

Rachel Reeves, Treasury spokeswoman for the opposition Labour Party, said Sunday the sum was inappropriate "when families are feeling the pinch."

"It's time the government explained why they have allowed these bonuses to go through unchallenged," she said.

Before the bank's announcement, the Labour Party said it would force a vote in the House of Commons next month calling for Hester to be stripped of his bonus.

Source: http://us.rd.yahoo.com/dailynews/rss/britain/*http%3A//news.yahoo.com/s/ap/20120129/ap_on_bi_ge/eu_britain_rbs

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Sunday, January 29, 2012

Hawkeye RB recruit beats cancer | Hawk Central

Given the unusually high rate of attrition at running back on the Iowa football team, somebody with undeniable endurance could be just what?s needed at the position.

Especially if he comes wrapped in a 6-foot-2, 195-pound frame and is considered one of the top high school running backs in the country as is the case with future Hawkeye Greg Garmon.

The Erie, Pa., native is one of the most sought-after prospects in Iowa?s 2012 recruiting class as evidenced by his more than 40 scholarship offers. Garmon also plays a position that?s arguably the biggest focal point in the Iowa pro-style offense, but one that?s been decimated by personnel losses.

?He?s got everything going for him, and the way Iowa trains and develops people he?ll be an All-American barring injury,? veteran recruiting analyst Tom Lemming said of Garmon.

Garmon didn?t always have everything going for him, though.

Persevering through adversity

His life has been a painful and scary journey filled with adversity and uncertainty.

Garmon is among at least 17 high school seniors who are expected to sign national letters of intent with Iowa on Wednesday, which marks the start of the national signing period for football.

Garmon will sign his letter of intent Wednesday morning before competing for the U.S. Under-19 National Team in the International Bowl later that afternoon in Austin, Texas.

He?ll also sign it barely more than four years after being diagnosed with non-Hodgkin?s lymphoma of the bone.

Garmon endured three months of medical treatment, which included weekly chemotherapy and radiation before learning that he was cancer free after six months.

?It?s made me grow up faster, and it?s made me appreciate the little things a lot more,? Garmon said in a recent phone interview. ?And it?s reminded me to always stick by your family.

?Your family is always going to stick by you and help you work through everything.?

His passion for football also helped Garmon persevere.

The chemotherapy and radiation severely weakened his body, but not his spirit or determination. Once he was cleared to start exercising again, Garmon attacked the weight room intent on rebuilding his body.

By his sophomore season, he already was flirting with stardom as a running back.

And by his senior year, Garmon had BCS schools from all over the country pursuing him. His bout with cancer was brought up by some coaches during the recruiting process, but Garmon said it never became an issue.

?A love for football?

Garmon ultimately picked Iowa over Arkansas and Miami (Fla.), and he also took official visits to Illinois and North Carolina.

?It made me more anxious to play because I sat that (eighth-grade) year out and I?ve always had a love for football,? Garmon said. ?So once I had the opportunity to play again, I just wanted to get on the field and catch up with the competition.?

Garmon didn?t just catch up with the competition. In most cases, he raced past it, considering he is ranked as the 15th best running back in the 2012 senior class by Scout.com.

And if overcoming cancer wasn?t enough to test Garmon?s perseverance, his family?s house also was destroyed in a fire the summer before he entered the sixth grade. The aftermath of the fire separated the family for a year, with Garmon going to live with a friend and his mother, brother and stepfather living in a hotel.

Lemming was so intrigued by Garmon?s story that more than a year ago, Lemming drove from his home near Chicago to Erie in a snowstorm to learn more about it.

?The kid was smiling the whole time I met him,? said Lemming, who has been a college football recruiting analyst since the late 1970s. ?He was the most engaging kid that I had met.?

Lemming was impressed with Garmon as a person and as a player so much that he made Garmon his first pick to participate in the 2012 U.S. Marine Corps Semper Fidelis All-American Bowl. Lemming selects the rosters for both teams, and the game featured some of the top high school players in the country.

Garmon announced his decision to attend Iowa while participating in the all-star game Jan. 3 in Arizona.

?I asked him to be in that game, and he said yes a year ago and has never looked back,? Lemming said.

Lemming has gotten to know countless recruits through his job as a talent evaluator and with that comes a wide range of background stories.

But Garmon?s story is unlike any other. Asked if he had dealt with anything similar before, Lemming said: ?Not cancer that early and all the problems that he?s had. It?s certainly one of the most unique stories I?ve heard.?

And now a new chapter is about to start with Garmon on the verge of becoming a Hawkeye.

There were a number of factors that convinced him to pick Iowa, including the chance for immediate playing time and the belief that Iowa coach Kirk Ferentz would stay put. Ferentz has coached at Iowa for 13 seasons and has a contract that runs through the 2020 season.

?One thing I like is that coach Ferentz has that contract,? Garmon said. ?So that was a big factor.

?In my mind, I knew I?d be playing for the same coach my whole four years and I wouldn?t have to worry about a new coaching staff or anything.?

It also helped that Iowa already had established a recruiting pipeline to Garmon?s hometown with former star players Bob Sanders, Ed Hinkel and Jovon Johnson ? all Erie natives.

?It helped just to know that they went to Iowa and they were successful,? Garmon said. ?So in my mind, I was thinking since they were successful at Iowa, why can?t I be??

Garmon said his family was pleased with his decision to attend Iowa, partly because of the football program?s connection to Erie.

?They really loved Iowa when they came down with me on my visit,? Garmon said. ?The whole (town) of Erie, Pennsylvania, loves Iowa, and I just knew that if I went there I was going to have a lot of support from the area.?

Garmon is happy to be through with the recruiting process because now people have stopped asking him the same question over and over.

?Everybody doesn?t come up to me anymore and ask me where I?m going,? Garmon said. ?So I?m real happy to be a part of the Hawkeyes.?

Moving away from home will be an adjustment, even for somebody with Garmon?s unique background. But he?s ready to face new challenges and his family is ready to face it with him.

?I was always ready to try something new,? Garmon said. ?My family will try to be at every one of my games so I?ll probably see them every weekend during the season. So moving away from home wasn?t a factor at all.?

Tags: Greg Garmon, Kirk Ferentz, recruiting, Tom Lemming

Category: Iowa Hawkeyes Football

Source: http://hawkcentral.com/2012/01/27/hawkeye-rb-recruit-beats-cancer/

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Saturday, January 28, 2012

Obama to senators: Change the way you do business (AP)

WASHINGTON ? President Barack Obama is pressing his case for changes in how the Senate does business, hoping to ease the partisan gridlock, and he wants to bar lawmakers from profiting from their service.

In his radio and Internet address Saturday, Obama said many people he met during his five-state tour after his State of the Union address were optimistic but remained unsure "that the right thing will get done in Washington this year, or next year, or the year after that."

"And frankly, when you look at some of the things that go on in this town, who could blame them for being a little cynical?" Obama said.

The president reiterated his calls for government reform made in Tuesday's address, saying he wants the Senate to pass a rule that requires a yes-or-no vote for judicial and public service nominations after 90 days. Many of the nominees, he said, carry bipartisan support but get held up in Congress for political reasons.

Obama noted that "a senator from Utah" said he would hold up nominations because he opposed the recess appointment of the head of the new consumer protection agency and three members of the National Labor Relations Board. Obama put the officials in their post during the Senate's holiday break; many Republicans have called that move unconstitutional. Obama said the American people deserve "better than gridlock and games."

"One senator gumming up the works for the whole country is certainly not what our founding fathers envisioned," the president said.

While Obama did not name the lawmaker, Utah GOP. Sen Mike Lee said Thursday that because of the president's "blatant and egregious disregard both for proper constitutional procedures and the Senate's unquestioned role in such appointments, I find myself duty-bound to resist the consideration and approval of additional nominations until the president takes steps to remedy the situation."

Obama said he also wants Congress to pass legislation to ban insider trading by lawmakers and prohibit lawmakers from owning securities in companies that have business before their committees.

In addition, the president is seeking to prohibit people who "bundle" campaign contributions from other donors for members of Congress from lobbying Congress. Obama urged the public to contact their member of Congress and tell them "that it's time to end the gridlock and start tackling the issues that really matter."

Sen. Marco Rubio, R-Fla., delivering the GOP address, said Obama's address to Congress lacked much discussion of the president's achievements "because there isn't much."

"This president didn't talk about his record for one simple reason," Rubio said. "He doesn't want you to know about it. But you do know about it, because you feel the failure of his leadership every single day of your life."

Rubio accused the president of driving up the national debt, failing to reduce high unemployment across the country and offering divisive economic policies.

The Florida senator said there is a growing gap between the rich and the poor but the best way to solve the problem is by embracing the American free enterprise system. Rubio said he hopes 2012 "will be the beginning of our work toward a new and prosperous American century."

___

Online:

Obama address: www.whitehouse.gov

GOP address: http://www.youtube.com/gopweeklyaddress

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_go_pr_wh/us_obama

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Late Night Open Thread (Balloon Juice)

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Energy development could help grow MT economy (AP)

GREAT FALLS, Mont. ? University of Montana economists say energy development may be the industry that helps improve Montana's economy.

Patrick Barkey is director of UM's Bureau of Business and Economic Research. He says a full recovery from the nationwide recession could still take several years.

Barkey made his comments during recent economic outlook presentations in Helena and Great Falls.

Montana's economic growth slowed from 1.5 percent in 2010 to 0.7 percent in 2011. But experts say they're expecting 2 percent growth this year and 2.4 percent growth in each of the following three years.

Barkey says energy has potential for strong growth and the outlook for the agriculture economy is reasonably good. Growth in the health care industry slowed last year, while housing and construction continued to struggle along with retail and tourism.

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

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Friday, January 27, 2012

Celtics Beat Magic In 'Ball Fight:' Kevin Garnett Helps Erase 27-point Deficit (VIDEO)

ORLANDO, Fla. -- Paul Pierce had 24 points and 10 assists, and E'Twaun Moore added 16 points to help the Boston Celtics erase a 27-point deficit and beat the Orlando Magic for the second time this week, 91-83 on Thursday night.

Pierce and Moore had 10 points each in the fourth quarter.

Dwight Howard led the Magic with 16 points and 16 rebounds. Orlando had an 11-point lead entering the fourth quarter, but shot 2 of 17 in the final 12 minutes. The Magic scored just eight points in the period.

The Celtics have won three straight for just the second time this season. It also was their fourth consecutive victory over the Magic, dating to last season.

Since a season-best, five-game winning streak, the Magic have lost three times in five games, including a 31-point defeat at Boston on Monday.

After being mostly manhandled on both ends for three quarters, Boston found its energy in the final 12 minutes, sparked by Pierce and Moore.

The Celtics opened the fourth quarter with a 15-1 run and grabbed their first lead since the opening period, 79-76 with 7:32 to play.

The Magic went 0-for-7 from the field, missed 5 of 6 free throws and committed three turnovers during Boston's spurt.

A free throw by Pierce after Ryan Anderson's technical foul made it 84-78 with 3:47 remaining. The Magic got within 84-80 after a pair of free throws by Hedo Turkoglu, but no closer.

Early on, it seemed like the Magic's night.

In a reversal of its dismal performance in the first half of Monday's loss, Orlando led 58-37 at halftime on Thursday ? eclipsing its point total in the entire first game by a basket in the opening 24 minutes.

With three starters out, including center Jermaine O'Neal, Boston coach Doc Rivers was forced to start Kevin Garnett opposite Howard.

The move worked out early.

Howard was whistled for two quick fouls ? one while setting a screen, and the second defending Garnett about 15 feet from the basket. He was forced to the bench less than three minutes in.

The Magic picked it up on both ends without him, and closed the quarter on a 30-11 run to build a 16-point lead.

Anderson was active throughout the spurt and led with 12 first-quarter points. He also kept several possessions alive by tipping the ball out from scrums underneath the basket.

Notes: Magic owner Rich DeVos and former guard Nick Anderson presented Howard with a plaque to commemorate him passing Anderson as the Magic's career leading scorer. Howard broke the mark against Indiana earlier this week. ... Rivers was given his third technical foul of the season with 8:47 left in the first quarter. ... The Celtics played without G Rajon Rondo, who missed his fourth game because of a sore right wrist, G Ray Allen, who was out for a second game with an injured left ankle, and C Jermaine O'Neal, out because of a sore left knee. Rivers said Rondo is still in pain, and there is no timetable for his return.

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Source: http://www.huffingtonpost.com/2012/01/27/celtics-beat-magic-comeback-ball-fight-kevin-garnett_n_1235688.html

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Thursday, January 26, 2012

Show Your Love With These New iPad/Kindle Fire Cases From DODOcase

LoveMe_Both_DODOHQ_smJust in time for Valentine's Day, DODOcase released new special edition iPad and Kindle Fire cases. They cost slightly more than the standard version with the Kindle Fire models costing $69 and then $79 for the iPad 2 versions. But nothing says love quite like a unique case.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/K5a0pWmUgsA/

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eye3 hexicopter helps your DSLR take flight for $999

Your camera wants to take flight -- trust us, it does -- and an ambitious new project aims to make your DSLR's aeronautic ambitions a reality. The eye3 hexacopter is a six-armed carbon-fiber unmanned arial vehicle (UAV) that hopes to make aerial photography accessible to the masses. Designed by a couple with a hankering for robotics, the flying machine is modular (for easy repair) and navigates using a combination of Google Maps and open-source code. Those without a pilot license need not worry: the eye3 utilizes the oft-improving APM2 software for a "compact yet powerful" autopilot experience. The UAV can carry a payload of five to ten pounds, boasts three CPUs and has a 350-watt motor strapped to each tentacle. Fly past the break to watch a video from eye3's creators... get to the choppa'!

Continue reading eye3 hexicopter helps your DSLR take flight for $999

eye3 hexicopter helps your DSLR take flight for $999 originally appeared on Engadget on Tue, 24 Jan 2012 16:49:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/cYj32a8JGls/

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Wednesday, January 25, 2012

Council finds states weakening teacher tenure (AP)

WASHINGTON ? America's public school teachers are seeing their generations-old tenure protections weakened as states seek flexibility to fire teachers who aren't performing. A few states have essentially nullified tenure protections altogether, according to an analysis being released Wednesday by the National Council on Teacher Quality.

The changes are occurring as states replace virtually automatic "satisfactory" teacher evaluations with those linked to teacher performance and base teacher layoffs on performance instead of seniority. Politically powerful teachers' unions are fighting back, arguing the changes lower morale, deny teachers due process, and unfairly target older teachers.

The debate is so intense that in Idaho, for example, state superintendent Tom Luna's truck was spray painted and its tires slashed. An opponent appeared at his mother's house and he was interrupted during a live TV interview by an agitated man. Why? The Idaho legislature last year ended "continuing contracts" ? essentially equivalent to tenure ? for new teachers and said performance, not seniority, would determine layoffs. Other changes include up to $8,000 in annual bonuses given to teachers for good performance, and parent input on evaluations. Opponents gathered enough signatures to put a referendum that would overturn the changes on the November ballot.

Luna says good teachers shouldn't be worried.

"We had a system where it was almost impossible to financially reward great teachers and very difficult to deal with ineffective teachers. If you want an education system that truly puts students first, you have to have both," Luna said.

On Tuesday night, President Barack Obama weighed in on the issue during his State of the Union address. He said schools should be given the resources to keep and reward good teachers along with the flexibility to teach with creativity and to "replace teachers who just aren't helping kids learn."

Tenure protections were created in the early 20th century to protect teachers from arbitrary or discriminatory firings based on factors such as gender, nationality or political beliefs by spelling out rules under which they could be dismissed after a probationary period.

Critics say teachers too often get tenure by just showing up for work ? typically for three years, but sometimes less, and that once they earned it, bad teachers are almost impossible or too expensive to fire. The latest statistics from the National Center for Education Statistics, dating to the 2007-2008 school year, show about 2 percent of teachers dismissed for poor performance, although the numbers vary widely by school district.

The analysis by the National Council on Teacher Quality, a research and policy group that seeks to improve the quality of teaching, documents the shift in laws. In 2009, no state required student performance to be central to whether a teacher is awarded tenure; today, eight states do. The analysis also says four states now want evidence that students are learning before awarding tenure.

Other changes:

? In Florida, tenure protections were essentially made null and void with policy changes such as eliminating tenure-like benefits altogether for new teachers, but also spelling out requirements under which all teachers with multiple poor evaluations face dismissal.

? Rhode Island policies say teachers with two years of ineffective evaluations will be dismissed.

? Colorado and Nevada passed laws saying tenure can be taken away after multiple "ineffective" ratings.

? Eleven states now require districts to consider teacher performance when deciding who to let go.

? About half of all states have policies that require classroom effectiveness be considered in teacher evaluations.

? Florida, Indiana and Michigan adopted policies that require performance to be factored in teacher salaries.

A growing body of research demonstrates the dramatic difference effective teachers can play in student lives, from reducing teenage pregnancies to increasing a student's lifetime earnings. Meanwhile, while controversial, teacher evaluations have evolved in a way that proponents say allows better accounting of students' growth and of factors out of a teacher's control, like attendance.

The Obama administration has helped nudge the changes with its Race to the Top competition, which allowed states to compete for billions of education dollars, and offering states waivers around unpopular proficiency requirements in the No Child Left Behind education law. To participate in either, states have to promise changes such as tying teacher evaluations to performance.

"There's a real shift to saying all kids, especially our most disadvantaged kids, have access to really high quality and effective teachers. And, that's it's not OK for kids to have ... an ineffective teacher year after year," said Sandi Jacobs, vice president of the National Council on Teacher Quality.

Jacobs said tenure should be meaningful, but that in 39 states it's automatic.

"That's the problem with tenure, everybody gets it," she said. "If you're held to a high bar where you've really demonstrated that you are effective in the classroom, then there's nothing wrong with that as long as the due process rights that you do get are reasonable."

But many teachers feel under siege. They argue the evaluation systems are too dependent on standardized tests. While teachers' unions have gotten more on board with strengthening teacher evaluations, they often question the systems' fairness and want them designed with local teachers' input.

Randi Weingarten, president of the American Federation of Teachers, said unions understand the tenure process needs change, but that too often, school administrators have used it as an excuse to mismanage. "They want teachers to basically do exactly what they say, give them no resources and then blame them if they don't in a time of tremendous fiscal instability and fiscal pressures," Weingarten said.

In Boise, Idaho, Lane Brown, 56, a biology and horticulture teacher who moved from a private school a few years ago to a public alternative high school to seek new challenges after three decades of teaching, said her school's climate has dramatically changed.

"There's nobody in this building that doesn't understand it could be one of us, not just the newest teacher or the teacher with the fewest number of students. It could be anybody, ... which is scary. Every teacher here is saying, `I don't know if I'm going to have a job next year,'" Brown said.

In Florida, teachers fear expressing what they feel is best for students, said Andy Ford, president of the Florida Education Association.

"Teachers see positions not being filled, class sizes increasing, more demands, more testing, and you add all that together with their economic uncertainty about continued employment and it certainly doesn't allow you to go out and plan for long term investments like a home," Ford said.

Kathy Hebda, the deputy chancellor for education quality in Florida, said the contract-related changes were not done in "isolation," but as part of broader changes that improve accountability and provide teachers feedback.

Michelle Rhee, the former schools chancellor in Washington, D.C., acknowledged widespread mistrust among teachers about evaluations, but she said once teachers are brought into discussions, many are won over.

"If we know who the effective teachers are, if we know what kind of an impact effective teachers can have on individual kids and on our society overall, then why wouldn't we take the obvious step of utilizing the information on who are the most effective teachers to make our staffing decisions?" said Rhee, whose education advocacy group StudentsFirst is pushing for changes to layoff policies based on seniority.

Coming up, Missouri legislators appear poised to take up the contentious topic of teacher tenure. In Connecticut, the Connecticut Education Association launched a TV advertising campaign after Democratic Gov. Dannel P. Malloy and legislative leaders said education reform ? and possibly tenure ? will be the major focus of this legislative session. Louisiana Gov. Bobby Jindal and New Jersey, Gov. Chris Christie, both Republicans, are eyeing tenure law changes.

"Tenure laws will be under assault for many years to come," said Marjorie Murphy, a professor of history at Swarthmore College who wrote a book about the teacher labor movement. Murphy said ending tenure protections will "take over any sense of fair play between employer and employee. All of that will be gone."

_____

National Council on Teacher Quality: http://www.nctq.org/

____

Chris Blank in Jefferson City, Mo., and Jessie Bonner in Boise, Idaho, contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120125/ap_on_go_ot/us_teacher_tenure

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DLD 2012 ? Brian Chesky: ?Average Airbnb Host In NYC Pockets $21,000 A Year?

airbnb nycBrian Chesky, co-founder and CEO of Airbnb, took the stage this afternoon at the DLD Conference in Germany for a keynote covering his views about the 'sharing economy'. In terms of news, there isn't much to report based on his talk, but Chesky talked about the fact that sharing used to be an integral part of human life and 'hardwired' into our DNA, that it disappeared after the second World War because of increased consumer spending and individualism, and that we're now at the beginning of the return to sharing. Access, Chesky purports, will eventually become more powerful than ownership again.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/IrfdNjULyZw/

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Tuesday, January 24, 2012

Oil falls to near $98 amid Greece debt deal talks (AP)

BANGKOK ? Oil fell to near $98 a barrel Monday in Asia as the crude market waited for the outcome of Greece's negotiations with creditors on a deal to cut the face value of its debt by half.

Benchmark crude for March delivery was down 15 cents at $98.19 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $2.21 to end at $98.33 per barrel in New York on Friday.

Brent crude was down 35 cents at $109.51 a barrel on the ICE futures exchange in London.

Benchmark oil has ranged from ranged from about $98 to $102 in the past week. It has been buffeted by tensions in the Middle East after Iran's threat to close the Strait of Hormuz in the Persian Gulf and the likelihood that Europe will slide into recession amid the region's sovereign debt crisis.

Iran has threatened to close the strait if the U.S. and other countries impose more sanctions on it because of its nuclear program. Many analysts doubt that Iran could set up a blockade for long, but any supply shortages would cause supplies to tighten.

Over the weekend, the representative of Greece's private creditors said the talks are continuing even after his unexpected departure from the country.

A deal in Athens would allow the country to receive a second bailout package from other European governments and the International Monetary Fund, and cut Greece's debt from an estimated 160 percent of its annual economic output to 120 percent by 2020.

That is still painfully high, but without the help, Greece will not be able to pay 14.5 billion euros in debt due March 20. A Greek default would send borrowing costs higher across Europe and could trigger chaos in the global financial system.

In other energy trading on Nymex, gasoline was up 0.8 cent at $2.80 a gallon and heating oil was up 2.1 cents at $3.01 a gallon. Natural gas futures fell 9.2 cents to $2.25 per 1,000 cubic feet.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20120123/ap_on_bi_ge/oil_prices

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Search resumes in cruise ship amid rough seas

The cruise ship Costa Concordia is seen off the Tuscan island of Giglio, Italy, Saturday, Jan. 21, 2012. The cruise captain, Capt. Francesco Schettino, who grounded the Costa Concordia off the Tuscan coast with 4,200 people on board did not relay correct information either to the company or crew after the ship hit rocks, the cruise ship owner's CEO said as the search resumed for 21 missing passengers. (AP Photo/Gregorio Borgia)

The cruise ship Costa Concordia is seen off the Tuscan island of Giglio, Italy, Saturday, Jan. 21, 2012. The cruise captain, Capt. Francesco Schettino, who grounded the Costa Concordia off the Tuscan coast with 4,200 people on board did not relay correct information either to the company or crew after the ship hit rocks, the cruise ship owner's CEO said as the search resumed for 21 missing passengers. (AP Photo/Gregorio Borgia)

The cruise ship Costa Concordia is seen off the Tuscan island of Giglio, Italy, Saturday, Jan. 21, 2012. The cruise captain who grounded the Costa Concordia off the Tuscan coast with 4,200 people on board did not relay correct information either to the company or crew after the ship hit rocks, the cruise ship owner's CEO said as the search resumed for 21 missing passengers. (AP Photo/Gregorio Borgia)

(AP) ? Rescuers on Sunday resumed searching the above-water section of the capsized Costa Concordia cruise liner, but choppy seas kept divers from exploring the submerged part, where officials have said there could be bodies.

Civil protection officials said that until the waves slacken off, divers will not swim into the submerged part of the vessel near the port of Giglio, a tiny island off the Tuscan coast.

Coast Guard divers have been concentrating on parts of the ship where survivors have said many passengers were awaiting evacuation the night of Jan. 13 after the Concordia's hull was gashed by a reef as the cruise liner came too close to the island.

After divers on Saturday extracted a woman's body from a corridor near what had been an evacuation staging point, the death toll rose to 12. Twenty people, most of them passengers, are still missing.

So far, the Concordia's fuel tanks are holding, but special crews are waiting for the end of rescue efforts so they can extract 2,200 metric tons (nearly half a million gallons) of heavy fuel.

In a separate undersea mission, police divers on Saturday swam into the captain's cabin to retrieve his safe, suitcases and documents.

The Italian captain is under house arrest as prosecutors investigate him for suspected manslaughter, causing a shipwreck and abandoning the ship while many of the 4,200 passengers and crew were still aboard.

Rescuers are racing against the clock, because the Concordia has been slightly shifting on its precarious perch on a rocky ledge of seabed close to where the seabed steeply plunges.

The search had been interrupted early Sunday after instruments monitoring any movement of the Concordia indicated that vessel had shifted slightly.

Three bodies were found in waters around the ship in the first hours after the accident. All the bodies found since then have been recovered by divers inside the Concordia. The victims were apparently unable to escape the lurching ship during a chaotic evacuation launched almost an hour after the accident.

Operator Costa Crociere, a subsidiary of U.S.-based Carnival Cruise Lines, has said that Capt. Francesco Schettino had deviated without permission from the vessel's route in an apparent maneuver to sail close to the island and impress passengers.

Schettino, despite audiotapes of his defying Coast Guard orders to scramble back aboard, has denied he abandoned ship while hundreds of passengers were desperately trying to get off the capsizing vessel. He has said he coordinated the rescue from aboard a lifeboat and then from the shore.

Light fuel, apparently from machinery aboard the capsized ship, has been spotted in the water, authorities said Saturday, but there has been no indication that any of the heavy fuel oil has leaked from the ship's double-bottomed tanks.

Giglio is in the middle of a national marine park renowned for its pristine waters.

___

D'Emilio reported from Rome.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-22-EU-Italy-Cruise-Aground/id-9e599801adab461c958bde95957357e4

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Monday, January 23, 2012

'Sims Social' speaks the true language of love

EA & Playfish

By Matthew Hawkins

While we all eagerly await the arrival of The Sims/Katy Perry collaboration, the former's association with Facebook appears to be going quite swimmingly. Both EA and Playfish, the companies behind "The Sims Social," produced the following info graphic, which details player trends and interactions, and compares them with the real world:

Notable highlights include how 70 million players' Sims have professed their physical attraction to another in-game, which is 1.75 times the number of actual online daters in the U.S. Apparently, the true language of love isn't French, but Simlish.

On a related note, players "woohoo" each other 680,000 times per day, which we are told is significantly more than the number of times the average man thinks about sex. Though some males reading this may beg to differ.

Another popular past time in The Sims Social is talking smack about each other. Other 160 million "gossips" have been shared thus far. Which means that "Sh*t That The Sims Says" is an inevitability.

Related stories:

Be sure to check out In-Game on Facebook, and to keep abreast of Matthew Hawkins, either follow his Twitter or stop on by virtual home-base, FORT90.com.

Source: http://ingame.msnbc.msn.com/_news/2012/01/23/10217562-simlish-is-the-true-language-of-love-and-other-the-sims-social-facts

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Sunday, January 22, 2012

Federer strolls into Australian Open quarterfinals (AP)

MELBOURNE, Australia ? The crowd was still buzzing about the comeback victory by "Aussie Kim" Clijsters, and the fans dressed in canary yellow were now in full voice for another one of their own.

Then along came Roger Federer to flatten their hopes.

Federer has won four of his record 16 Grand Slam singles titles on Rod Laver Arena, and on Sunday night he more or less held a clinic ? a 6-4, 6-2, 6-2 victory over Bernard Tomic to reach the quarterfinals for a 31st consecutive major.

He played the 19-year-old Aussie at his own game, but raised it a level: mixing soft, angled drop shots that just cleared the net with crisp groundstrokes that hit the lines and ? for good measure ? a leaping, backhand overhead.

"It was like boxing in the beginning. You don't want to take too many chances," Federer said, explaining why there weren't any service breaks until the ninth game, when he produced two drop shots for winners with Tomic stranded in the backcourt. "Had one game when I was starting to feel better, next thing you know I'm up a break. Maybe I broke his will there a bit."

Federer's quarterfinal will be his 1,000th tour-level match. He plays 2009 U.S. Open champion Juan Martin del Potro, whom he once expected to rise to No. 1.

Clijsters, the defending champion, won despite limping on a badly sprained left ankle. She saved four match points in a tiebreaker en route to her 4-6, 7-6 (6), 6-4 win in a rematch of the 2011 final against Li Na. That put the four-time Grand Slam winner on course for a quarterfinal against Caroline Wozniacki, who has held the year-end No. 1 ranking the last two seasons without winning a major.

Wozniacki is desperate to end her Grand Slam title drought, and improved her credentials marginally with a 6-0, 7-5 win over former No. 1 Jelena Jankovic in the last match Sunday night.

"My confidence is high, my fitness is good, my play is improving and I'm very positive," Wozniacki said. "If I play like I did today, Kim will have to really play well to beat me."

Clijsters has been a longtime favorite in Australia, dating to her time as Lleyton Hewitt's fiancee. The Belgian is married now to Brian Lynch and has a child, but is still known endearingly as "Aussie Kim" ? a nickname she felt she truly earned only when she won the Australian title last year.

Clijsters came into the tournament with a hip injury. When she fell after spraining her ankle in the seventh game, there was concern her last Australian Open run might finish prematurely. She needed pain killers to get through the 2-hour, 23-minute match against Li. Now she's hoping ice treatment will help her recover in time for the quarterfinals.

"I knew if I could get through the 20 minutes, half hour (after the injury), I think the pain would go away a little bit and then maybe with the adrenaline I could just fly through it," she said. "I thought, 'I don't want to quit in my last time at the Australian Open.' I said in my mind, 'Keep fighting. You never know what happens on the other side of the court.'"

It turned out she was right.

Li, who won last year's French Open to become the first player from China to claim a Grand Slam singles title, was a set up and 6-2 in the tiebreaker. Her path to the quarterfinals seemed clear.

But her moments came and went. She had a chance to put Clijsters away with a big forehand but instead knocked a ball back across the net and was lobbed.

"Of course, I was nervous. If you're nervous, you could not think too much, right?" said Li, who broke down in tears in her post-match new conference. "Maybe 6-2 up in the tiebreak I was a little bit shocking."

Third-seeded Victoria Azarenka has flown under the radar so far, reaching the quarterfinals with a 6-2, 6-2 win over Iveta Benesova. She will next meet eighth-seeded Agnieszka Radwanska.

There's been plenty of attention on Serena Williams, who will be aiming for her 18th consecutive win at Melbourne Park when she plays Ekaterina Makarova of Russia on Monday. She won the 2009 and 2010 Australian titles but was sidelined at this stage 12 months ago with injuries.

Novak Djokovic won the men's title last year, starting a season in which he captured three of the four majors and finished with the top ranking. He's in action Monday night against Hewitt, the gnarled veteran who is trying to end a drought that dates to 1976 for local men at the Australian Open.

After Federer beat Tomic, the 30-year-old Hewitt is the only Australian left in the singles draws. That didn't make Federer any less popular in Australia, where he's aiming to equal Roy Emerson's record of five Australian titles.

Federer's last win over Del Potro at Melbourne Park was the Argentine's worst in a Grand Slam.

Del Potro figures to be more dangerous this time after beating Germany's Philipp Kohlschreiber 6-4, 6-2, 6-1 on Sunday.

He was sidelined for much of 2010 after wrist surgery, but improved his ranking from a low of No. 485 last January to his current position at No. 11.

"I missed him in that year when he got injured. I thought he had a chance for world No. 1 to be honest, he was playing that well. It's nice is to see him back."

If he can get past Del Potro, a possible semifinal against Rafael Nadal could await. They're in the same half of the draw for the first time since 2005.

Nadal had a convincing win over fellow Spaniard Feliciano Lopez on Sunday. The 2009 champion's right knee was heavily wrapped and his left ankle needed to be taped after three games of the first set. Afterward, he said he was fine.

He next plays Tomas Berdych, hoping to avoid a third consecutive quarterfinal loss in Melbourne. He was injured in his last two quarterfinals, but says the knee should be OK this time.

"I had a bad experience last two years here," Nadal said. "It's tough have to go out of a tournament like Australia in quarterfinals."

Berdych beat Nicolas Almagro 4-6, 7-6 (5), 7-6 (3), 7-6 (2), then was jeered by the crowd at Hisense Arena after he refused to shake hands with his Spanish rival. The Czech was upset that Almagro had hit the ball straight at him while he was at the net during the fourth set.

"I think when you have a point and someone wants to hit you straight to your face, I don't see this as a nice moment," Berdych said during a post-match TV interview. "This is not the way how tennis is."

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20120122/ap_on_sp_te_ga_su/ten_australian_open

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Female Ark. prison guard killed checking on inmate (AP)

LITTLE ROCK, Ark. ? A convicted murderer stabbed a female guard to death at an east Arkansas prison Friday while she was investigating whether he had an unauthorized pair of shoes, a prison spokeswoman said.

Sgt. Barbara Ester, 47, was stabbed in the side, abdomen and chest at about 12:30 p.m., said Shea Wilson, a spokeswoman for the Arkansas Department of Correction. Ester died about 3 p.m. at a hospital in Memphis, Tenn., about 40 miles away.

Ester, a 12-year veteran of the correction department, was a property officer who investigated whether inmates had contraband items. Wilson said the guard had received a report that Johnson had a pair of contraband shoes.

"This is obviously very difficult for the department when something tragic like this happens," Wilson said. "Our thoughts and prayers are with Sgt. Ester's family. These officers ? it's a tight-knit workplace. They look out for each other and are there together for a lot of hours of the day, so this is very difficult for everyone."

Wilson said the prison was locked down after the attack and that the inmate, Latavious Johnson, was being moved to the state's maximum-security unit at Varner. She said all the other inmates have been accounted for. Prison officials haven't said specifically what Johnson used during the attack, only that it was an object that had been sharpened.

Johnson, 30, was serving a life sentence for first-degree murder out of Jefferson County. He was sentenced in 2000 for killing his father. Prosecutors said Johnson was 18 at the time of the crime.

Wilson said Johnson had had several disciplinary infractions, including one this week for not obeying orders, but hadn't previously attacked a guard.

"We will move him to the supermax (prison) so he will be out of that environment ... He needed to be out of that environment," Wilson said.

Arkansas State Police and the prison's internal affairs staff were investigating the stabbing. Wilson said authorities would turn over their information to prosecutors, who will determine whether to file charges against the inmate.

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/ap/20120121/ap_on_re_us/us_prison_guard_killed

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Saturday, January 21, 2012

Congress puts brakes on anti-piracy bills (Reuters)

WASHINGTON (Reuters) ? Lawmakers stopped anti-piracy legislation in its tracks on Friday, delivering a stunning win for Internet companies that staged an unprecedented online protest this week to kill the previously fast-moving bills.

Senate Democratic leader Harry Reid said he would postpone a critical vote that had been scheduled for January 24 "in light of recent events."

Lamar Smith, the Republican chairman of the House of Representatives Judiciary Committee, followed suit, saying his panel would delay action on similar legislation until there is wider agreement on the issue.

"I have heard from the critics and I take seriously their concerns regarding proposed legislation to address the problem of online piracy. It is clear that we need to revisit the approach on how best to address the problem of foreign thieves that steal and sell American inventions and products," Smith said in a statement.

The bills, known as PIPA (PROTECT IP Act) in the Senate and SOPA (Stop Online Piracy Act) in the House, are aimed at curbing access to overseas websites that traffic in pirated content and counterfeit products, such as movies and music.

The legislation has been a priority for entertainment companies, publishers, pharmaceutical companies and other industry groups who say it is critical to curbing online piracy, which they believe costs them billions of dollars a year.

But technology companies are concerned the laws would undermine Internet freedoms, be difficult to enforce and encourage frivolous lawsuits.

Public sentiment on the bills shifted in recent weeks after Internet players ramped up their lobbying.

White House officials weighed in on Saturday, saying in a blog post that they had concerns about legislation that could make businesses on the Internet vulnerable to litigation and harm legal activity and free speech.

Then on Wednesday, protests blanketed the Internet, turning Wikipedia and other popular websites dark for 24 hours. Google, Facebook, Twitter and others protested the proposed legislation but did not shut down.

The protest had quick results: several sponsors of the legislation, including senators Roy Blunt, Chuck Grassley, Orrin Hatch, John Boozman and Marco Rubio, have withdrawn their support.

In a brief statement on Friday, Reid said there was no reason why concerns about the legislation cannot be resolved. He offered no new date for the vote.

Reid's action comes a day after a senior Democratic aide, speaking on the condition of anonymity, said the measure lacked the 60 votes needed to clear a procedural hurdle in the 100-member Senate.

SWIFT REACTION

The indefinite postponement of the bills drew quick praise from the Internet community, and ire from Hollywood.

"We appreciate that lawmakers have listened to our community's concerns, and we stand ready to work with them on solutions to piracy and copyright infringement that will not chill free expression or threaten the economic growth and innovation the Internet provides," a Facebook spokesman said.

Chris Dodd, chief executive of the Motion Picture Association of America and a former Democratic senator, said the stalling of legislation is a boost for criminals.

"As a consequence of failing to act, there will continue to be a safe haven for foreign thieves," Dodd said.

WAY FORWARD?

Lawmakers, technology companies and the entertainment industry pledged to find a way to combat online piracy and copyright infringement.

Reddit.com, a vocal leader in the protests and among the sites to go dark on Wednesday, said it was pleased the protests were able to slow things down, but said piracy needs to be addressed.

"We really need people at the table who have the technical expertise about these issues who can ensure that whatever bills are drafted have airtight, technically sound language, definitions and frameworks," the company's general manager Erik Martin told Reuters.

Reid expressed hope on Friday that Senate Judiciary Committee Chairman Patrick Leahy, who has been shepherding the bill through Congress, could help resolve differences in the legislation.

"I am optimistic that we can reach a compromise in the coming weeks," Reid said.

Leahy slammed the Senate derailment of the anti-piracy legislation as a "knee-jerk reaction to a monumental problem" but said he is committed to getting a bill signed into law this year.

There are already alternatives in the works.

Senator Ron Wyden introduced a bill last month that he said "meets the same publicly stated goals as SOPA or Protect IP without causing massive damage to the Internet."

Representative Darrel Issa on Wednesday introduced a companion bill in the House.

Issa said SOPA and PIPA lacked a fundamental understanding of how Internet technologies work. The technology sector has shown more optimism about prospects for Issa and Wyden's alternative bill, called the OPEN Act.

"It's a great starting point for discussion, and we're definitely very open to that," said Tiffiniy Cheng, co-founder of Fight for the Future, a nonprofit that helped organize the Internet protests against SOPA and PIPA.

(Reporting by Thomas Ferraro and Jasmin Melvin; editing by Bill Trott, Dave Zimmerman and Andre Grenon)

Source: http://us.rd.yahoo.com/dailynews/rss/internet/*http%3A//news.yahoo.com/s/nm/20120120/wr_nm/us_usa_congress_internet

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