Tuesday, January 3, 2012

Asian markets rise on eurozone factory data (AP)

BANGKOK ? Asian stock markets rose Tuesday, as market confidence grew after the release of manufacturing data that showed improvement in Europe.

Benchmark oil rose above $100 per barrel while the dollar fell against the euro and the yen.

Hong Kong's Hang Seng index jumped 1.9 percent to 18,771.12. South Korea's Kospi index rose 2.1 percent to 1,863.88 and Australia's S&P ASX 200 gained 1.2 percent at 4,104.

Benchmarks in mainland China and Japan were closed for the extended New Year's holiday.

Korean shipbuilders and refiners led the climb on the Kospi, Yonhap News agency said, citing analysts. Hyundai Heavy Industries, the country's leading shipbuilder, jumped 4.8 percent and SK Innovation soared 6.4 percent.

Hong Kong-listed oil shares also posted solid gains. PetroChina Co., the country's largest oil and gas producer, added 4 percent and China Petroleum & Chemical Co., Asia's biggest oil refiner, gained 4.3 percent.

Australian banks were boosted by gains in Europe. Commonwealth Bank of Australia rose 1.3 percent, National Australia Bank jumped 2 percent and Westpac Banking Corp. added 1.2 percent.

On Monday, German and French stocks rose in light volumes as a reading of manufacturing activity in Europe improved.

Investors appeared to be reassured by data that showed European manufacturing activity improved in December from November.

But the purchasing managers index levels still show a fifth straight month of contraction ? an indication of recession in the eurozone, analysts said.

"It seems unlikely that equity gains will be sustained over the rest of this week, with risk aversion set to remain elevated against the background of ongoing Eurozone debt and global growth concerns," Credit Agricole CIB said in a research note.

Many of the world's leading indexes are starting 2012 after a down year. Britain's FTSE was off 5.6 percent by year end, Japan's Nikkei fell 17 percent to its lowest close since 1982, and the Standard & Poor's 500 showed zero gain.

Data releases later in the week such as eurozone inflation on Wednesday and German factory orders and U.S. non-farm payrolls on Friday will give traders more grist.

Benchmark crude for February delivery rose $1.46 to $100.29 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 82 cents to settle at $98.83 in New York on Friday.

In currencies, the euro rose to $1.2979 from $1.2946 late Friday in New York. The dollar fell to 76.84 yen from 77.78 yen.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20120103/ap_on_re_as/world_markets

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New Year's worry: Will arsonist strike LA again? (AP)

LOS ANGELES ? On what would already be one of their busiest nights of the year, police and firefighters Saturday will be patrolling neighborhoods, taking hotline phone calls and scrambling to identify who was behind the arson fires that have spooked the Hollywood area for two straight nights and were making it an uneasy New Year's Eve in Los Angeles.

Several vehicles were set ablaze in 13 fires set between midnight and 6 a.m. Saturday, mostly in North Hollywood. Officials said they bore a resemblance to the nearly two dozen fires set in and around Hollywood a day earlier.

Though some of the fires spread and damaged homes and apartments, no one has been injured.

But some residents were on edge as authorities ramped up efforts to catch the culprit or culprits on a night when police and fire resources are always stretched thin as drunken New Year's revelers hit the town.

"We're pulling out all the stops," fire department spokesman Brian Humphrey said Saturday. "We're hoping that the person or people responsible will be brought to swift and complete justice."

Firefighters were to be stationed around the city to respond to emergencies, while authorities set up a hotline and pored through tips. Authorities also were interviewing witnesses, looking at video footage for clues and have announced at least $35,000 in rewards for information leading to a conviction.

Among the most pressing questions: Were the fires set by a serial arsonist, multiple people or copycats? And why target cars, apparently at random?

"It's really unnerving," said Gary Joseph, one of several neighbors who stood looking at the frames of four badly charred vehicles in a carport in North Hollywood. Joseph said there was no way to stow his own car and keep it safe.

"It's partly exposed, but there's nothing I can do about it," he said.

Sheila Kirk, who lives in the building next to the Hollywood freeway where the four cars were torched, said she quickly realized when she was awakened before dawn that the arson spree had spread to her neighborhood, though it's several miles northeast of where the fires were set the previous night.

"We'd heard all about the fires in Hollywood and West Hollywood, then we heard what sounded like a giant hose and ran downstairs and found everything burning," said Kirk, whose own car had a partly melted bumper despite being some 30 feet away from the cars that were set on fire. "It looks like they chose the spot where the cars were bunched together so they could do the most damage. Thank God no one got hurt."

Kirk said she felt no safer because her building had already been struck.

"You don't know, you just don't know," she said. "When you're dealing with crazy people, who knows what they're going to do?"

Elyse Eisenberg, a film producer who lives in West Hollywood about a mile from a fire that was set Friday morning, said that since then she has noticed fire trucks ramping up their presence on city streets.

"I've seen the fire trucks stationed around town on ready alert. And that's comforting ... They're positioned in neighborhoods ready to go like in Laurel Canyon where the Jim Morrison fire was," Eisenberg said, referring to the house of the famous late Doors singer, which was among those damaged Friday.

Eisenberg says residents have been sending emails around reminding people to be on alert. She lives in a condominium building with a secure parking garage, meaning any would-be arsonist would have to get through a locked security gate, but there are open lots packed with cars nearby.

Eisenberg plans to go to a friend's house party in Laurel Canyon for New Year's and isn't concerned about encountering any fires.

"I'm sure I'll be home by then. I don't mean to be dismissive but the fires do seem to start well after midnight," Eisenberg said.

She also revelers expected in West Hollywood will decrease the chance of an arsonist striking.

"We have an excellent police force. I'm sure they would be alert to keeping an eye out on partygoers as well as any suspicious activity," Eisenberg said.

While few clues have emerged publicly, officials have speculated that it's plausible that one person in a car, on a motorcycle or on a bike could have set all the fires, considering the limited area the blazes broke out in, but know they could be looking for multiple suspects.

Police said they were looking for a man who was driving a mid-1990s Lexus sedan, but offered no further description or details.

Fire officials also have yet to set a damage figure for the blazes. In West Hollywood alone, they said flames destroyed about $350,000 worth of property.

_____

AP reporter Terry Tang contributed from Phoenix.

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/ap/20111231/ap_on_re_us/us_los_angeles_arson

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TPOTEfan: @TweetSmarter OMG, Harrison Ford is one of my all time favorites!

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Monday, January 2, 2012

U.S. imposes sanctions on banks dealing with Iran (Reuters)

HONOLULU (Reuters) ? President Barack Obama signed into law on Saturday a defense funding bill that imposes sanctions on financial institutions dealing with Iran's central bank, while allowing for exemptions to avoid upsetting energy markets.

The sanctions target both private and government-controlled banks - including central banks - and would take hold after a two- to six-month warning period, depending on the transactions, a senior Obama administration official said.

Under the law, the president can move to exempt institutions in a country that has significantly reduced its dealings with Iran and in situations where a waiver is in the U.S. national security interest or otherwise necessary for energy market stability. He would need to notify Congress and waivers would be temporary, but could be extended.

Sanctioned institutions would be frozen out of U.S. financial markets.

"Our intent is to implement this law in a timed and phased approach so that we avoid repercussions to the oil market and ensure that this damages Iran and not the rest of the world," the senior U.S. official told Reuters.

Iran's central bank is the main conduit for Tehran's oil revenues.

Obama signed the bill during his vacation in Hawaii, just hours after Tehran said it had delayed planned long-range missile tests in the Gulf and signaled it was ready for fresh talks on its disputed nuclear program.

Senior U.S. officials said Washington was consulting with its foreign partners to ensure the new sanctions can work without harming global energy markets. They stressed the U.S. strategy of both isolating and remaining open to engagement with Iran was unchanged.

DETAINEE PROVISIONS

Obama did not single out Iran sanctions in his statement released by the White House, but did express concern about a number of provisions in the defense bill that relate to the treatment and transfer of detainees.

"The fact that I support this bill as a whole does not mean I agree with everything in it," Obama said, suggesting limits on the ability to move terrorism suspects from the U.S. military prison at Guantanamo Cuba to the United States for trial or to a foreign country were ill-conceived.

"The executive branch must have the flexibility to act swiftly in conducting negotiations with foreign countries regarding the circumstances of detainee transfers," he said, also calling federal courts "legitimate, effective and powerful" means by which to prosecute some militants.

Reuters reported this week that the Obama administration is considering transferring to Afghan custody a Taliban official suspected of major human rights abuses as part of a long-shot bid to improve the prospects for a peace deal in Afghanistan, a move that has set off alarm bells on Capitol Hill.

Obama also raised concerns in the statement about a requirement that he must notify Congress before sharing any classified U.S. ballistic defense missile information with Russia.

In his statement, he said he intended to keep Congress informed of U.S.-Russia cooperation on ballistic missile defense, he would interpret the rule in a way that does not limit his ability to conduct foreign affairs "and avoids the undue disclosure of sensitive diplomatic communications."

"Should any application of these provisions conflict with my constitutional authorities, I will treat the provisions as non-binding," he said, referring to a number of sections of the defense bill, which is more than 500 pages long.

SIGNING STATEMENT

The legislation authorized U.S. defense programs from war fighting to weapons building. That included $662 billion for defense in fiscal 2012, including the Pentagon's base budget and the war in Afghanistan, although appropriators must still approve the numbers before money is spent.

Obama said he signed the bill because he wanted to ensure key services and defense programs get the financing they need. But he followed in the footsteps of previous presidents in using a "signing statement" to indicate he disagreed with or planned to sidestep certain statues within a broad piece of legislation he did not want to veto.

His predecessor, George W. Bush, was criticized for using signing statements to expand executive power, including against the ban on torture. Obama, who taught constitutional law at the University of Chicago, has issued 20 signing statements since his presidency began in 2009 compared with 36 in the final three years of Bush's White House.

In a 2009 memo, Obama stipulated he would limit deployment of the tool to circumstances where he had a "well-founded constitutional objection" to a provision in a bill. But he also defended signing statements as a legitimate way to ensure laws are faithfully executed, while promoting "dialogue" between the executive branch of government and Congress.

(Additional reporting by Alister Bull in Washington; Editing by Doina Chiacu)

Source: http://us.rd.yahoo.com/dailynews/rss/terrorism/*http%3A//news.yahoo.com/s/nm/20111231/ts_nm/us_iran_usa_obama

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Weekly Wrist Watch Round Up

Seamaster-moon-650The famous and very iconic Omega Speedmaster Moonwatch get's "Watch What-Iffed" using Photoshop to explore what variations on the core design would look like. A new analog & digital combination watch for pilots was just announced by Hamilton called the Khaki Flight Timer. It has loads of features in a conservative Swiss package.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/InR--s3SfCM/

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Sunday, January 1, 2012

LiLo Means Business! Fires Cease-And-Desist Letter To Company ...

lindsay-lohan-cease-and-desist-letter

'Atta, gurl!

Lindsay Lohan is NOT happy about reports that she'll be pAArtying it up in Dubai for the New Year, and has even had her lawyers fire off a cease and desist letter to the company planning the event on the QE2, demanding that they stop using her name to promote it!

According to attorney Stephanie Ovadia, the actress "will suffer harm and damage" by using her without permission, and she will press charges if necessary!

Fair enough! We've been very proud of how committed she's been as of late to getting her act together, and are happy to know that this story was just nonsense!

Hopefully they'll stop the name-dropping and no further legal action will need to be taken!

[Image via WENN.]

Tags: cease and desist, lawyer, lies!, lindsay lohan, new years eve, party, queen elizabeth 2, reports, stephanie ovadia

Source: http://perezhilton.com/2011-12-31-lindsay-lohan-cease-and-desist-letter

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Insight: Islamist attacks strain Nigeria's north-south divide (Reuters)

JOS, Nigeria (Reuters) ? The line dividing Christians from Muslims that runs along a rocky valley in the central Nigerian town of Jos may not be visible to the eye, but it burns in the minds of local people.

The mosque lies barely 200 meters (yards) from the main church in the Congo-Russia neighborhood, a huddle of tin-roofed homes winding up a hill, and on its sandy pavements women in Muslim headscarves politely greet men wearing shiny crucifixes.

Jos, in Nigeria's volatile "Middle Belt," is historically a religious and ethnic tinderbox in the country's sensitive North-South divide between Muslims and Christians.

Deadly Christmas Day bomb attacks by shadowy Islamist sect Boko Haram - suspected of links to al Qaeda and with ambitions to impose Islamic sharia law in Nigeria - have stoked fears again of sectarian conflict in Africa's top oil producer and most populous state.

"Over there's the dividing line," said trader Anthony Baya, 30, nodding at some houses cloaked in a haze of windborne dust.

"You can't just go over to that place as a Christian. The Muslims can kill you," he said, describing how six youths were hacked to death with machetes and dumped down a well during Jos's last bout of inter-communal violence in November.

Nigeria's 160 million people are roughly divided between Muslims and Christians, who mostly live side by side in peace.

But towns like Jos, where ruined buildings with charred walls sprouting weeds testify to past violence, and other flashpoints bear the material and mental scars of bouts of sectarian strife that have periodically bloodied Nigeria since its independence from Britain in 1960.

The Congo-Russia neighborhood itself is named after the Congolese and Russian U.N. peacekeepers who kept the two communities from each other's throats during Nigeria's civil war in the 1960s.

Boko Haram claimed three bomb attacks on churches on Christmas Sunday, including one that killed 27 worshippers in a Catholic church just outside the capital Abuja, and one in Jos without fatal victims.

The coordinated strikes by the northern-based Islamist group, whose name translates as "Western education is sinful" in the Hausa language of the region, appeared aimed at prizing open Nigeria's religious faultline in a direct challenge to the government of President Goodluck Jonathan, a Christian southerner.

"Boko Haram is seeking to provoke retaliatory attacks on Muslims in predominantly Christian parts of the country," said former U.S. ambassador to Nigeria John Campbell, who is the Ralph Bunche senior fellow for Africa policy studies at the Council on Foreign Relations (CFR) in New York.

FEARS OF BACKLASH

In Jos, local Muslims were wary of a possible Christian backlash.

"We are just beginning to live in peace, so we hope our Christian brothers can help us keep that peace," said Mohammed Kabir, who like many Nigerian Muslims resents being associated with violent extremism. "Boko Haram is not all Islam."

Stirring such fears, unknown attackers late on Tuesday lobbed a crude homemade bomb into a madrassa, or Islamic school, in Nigeria's southeastern Delta state, wounding seven people including six young children.

For some, such as Papa Jimba, 46, leader of the Christian community in Jos's Congo-Russia neighborhood, the Boko Haram bombings have rekindled the idea of partitioning the country along religious lines.

"Let us divide Nigeria," said Jimba, using his hand to trace a line between two halves of his wooden bench by the roadside.

"The Muslims go to their side and the Christians stay on our side. Then peace can come back. I'm even praying for that."

The latest attacks in what seems to be an escalating campaign of anti-Christian and anti-establishment violence by Boko Haram are also being linked to a long-running political power struggle in Nigeria between north and south.

"There is a clear political dimension ... there are political forces at play here that are using the religious dimension as a mobilizing and amplifying force," Jennifer Giroux, Senior Researcher at the Center for Security Studies at the university of ETH Zurich, told Reuters.

Nigeria's internal politics have soured again since Jonathan assumed the presidency earlier this year after his election victory, which in the eyes of many northerners broke a tacit deal to rotate the Nigerian leadership between north and south every two terms.

More than 500 people were killed in post-election violence in the north after Jonathan's victory, reflecting long-standing northern grievances about perceived alienation and exclusion by the central government from the fruits of national oil riches, concentrated in the south.

In Jos, the bombings also have the potential to inflame local rivalries that are really about land, ethnicity and power, but which have taken on a religious dimension that local politicians have a habit of using to settle scores.

"DECLARATION OF WAR ON CHRISTIANS"

The late deposed Libyan strongman Muammar Gaddafi, who had long coveted ambitions of leading Africa, suggested in March 2010 that Nigeria split into ethnic regions. The idea sparked outrage at the time, but has gained currency in some circles.

"People thought Gaddafi was mad, but I've started to see the sense in what he said. If we can't exist together with our Muslim brothers, then they can build their houses over there, and we build ours here," said Reverend Philip Mwelbish, head of the Christian Association of Nigeria (CAN) for Plateau State, where Jos is located.

"We have a proverb in Nigeria: if you push a goat to the wall, he will bite you. They've pushed us to the wall," Mwelbish said, before taking a Reuters team out into his farmyard flanked by Jos's jagged cliffs and volcanic boulders.

Grazing there were three cows he said he had received from Muslim leaders as Christmas presents.

Ayo Oritsejafor, CAN's national head, told President Jonathan on Wednesday that the bombs were "a declaration of war on Christians," and accused Muslim clerics of failing to take responsibility for their followers.

Muslim leaders retort that they are not to blame for the actions of a few extremists in the name of Islam.

At the green, yellow and white painted Central Mosque on Jos's busiest street, Christian and Muslim leaders met on Tuesday in an effort to calm tensions.

"They should understand that we don't consider the authors of these attacks to be Muslims," the mosque's spokesman Sani Mudi told Reuters after the meeting. "What are their teachings? Don't forget Islamic scholars have been killed by them too."

Concentrated mainly in the northern Nigerian states of Yobe, Kano, Bauchi, Borno and Kaduna, Boko Haram became active in about 2003 and is loosely modeled on the Taliban movement in Afghanistan. It considers all who do not follow its strict ideology as infidels, whether they are Christian or Muslim, and its followers wear long beards and red or black headscarves.

The group made international headlines in July 2009 when its attacks led to clashes with Nigerian police and army in northeast cities, including its stronghold of Maiduguri. Some 800 people were killed in five days of fighting.

That same month, sect leader Mohammed Yusuf was captured by Nigerian security forces and shot dead in police detention some hours later, triggering vows of revenge by surviving adherents.

From early drive-by shootings against police officers in the remote northeast, the group has moved to more ambitious high-profile attacks, like the August 26 bombing of the U.N. headquarters in Abuja that killed at least 24 people.

AIM TO MAKE COUNTRY UNGOVERNABLE?

But while angry Christians may talk of dividing off the oil-rich south from the north, the prospect of an all-out civil war splitting Nigeria into two countries is considered unlikely.

Many acknowledge it would be virtually impossible to separate peoples already so woven together.

All northern states have substantial Christian minorities and up to half of Nigeria's more than 30-million strong southwestern Yoruba ethnic group are thought to be Muslim, although nobody knows the real figure.

Many families in the Middle Belt are mixed Muslim and Christian. Jos resident John Amasa, 21 - his Muslim name is Jamilu Amasa - has a Muslim father and a Christian mother.

Though he chose to be Christian, he feels strong ties to Islamic culture too.

"If this country splits, where do my parents go? Where do I go?" he said. "We'd rather die than be separated."

That any such attempted split would be catastrophic is one thing most Nigerians agree on, regardless of religion. The country has already experienced a civil war, the bloody conflict over the secession of Biafra in the 1960s that killed at least a million people and caused mass starvation.

"We have fought a civil war and everybody saw how damaging that was. We are still recovering from it," said Plateau state publicity secretary for the opposition Labour Party, Sylvanus Namang. "Nobody in this country wants to see that again."

What Boko Haram themselves really want out of this Pandora's Box of potential consequences is subject to speculation, and it is not at all clear that they really want to split the country, rather than just threaten and embarrass the central government.

Former U.S. ambassador to Nigeria Campbell believes the group is seeking to "demonstrate that the country is increasingly ungovernable by the secular government in Abuja led by a Christian (Jonathan)."

"The attacks are indeed a form of politics. They do ram home the point that the government cannot guarantee the security of its citizens in all parts of the country," he told Reuters.

DEBATE OVER WIDER THREAT

Boko Haram spokesman Abu Qaqa was quoted in the local press on Wednesday as saying the bombs were revenge for attacks in Jos by Christian youths on Muslims during an Islamic holiday at the end of August.

The increasing apparent coordination and sophistication of the group's latest attacks have led Nigerian authorities and some western security experts to suspect growing links to wider Islamic Jihadist movements, such as al Qaeda's North African wing, AQIM.

"AQIM looks to the trends in northern Nigeria as an exploitable opportunity that, with their involvement and investment, will in turn deepen the complexity of the problem and make it increasingly harder to untangle," said Giroux.

But there is some skepticism about the extent of Boko Haram's links to AQIM. Campbell for example sees enough domestic factors and grievances inside Nigeria alone to explain and sustain the insurgency.

Giroux expected there would continue to be "flashpoints" in Boko Haram's campaign "but not something that results in full out civil war."

"If anything I think Nigerians have shown tremendous resilience in the face of a movement that seeks to breed division," she said. But Giroux expected Western governments to step up counter-terrorism support for Nigeria's government.

The failure of Nigeria's police and military to end the insurgency despite many crackdowns has led many to conclude that dialogue might be the only option left -- assuming Boko Haram is not already too radicalized to be brought to the table.

"The government response up to this point has been essentially a security response as opposed to a political one ... you can't stop it by treating it solely as a security matter," said Campbell.

He and others believed that Jonathan and his government should work on political initiatives reaching out to the restive north to address its religious and political grievances.

And lurking in the minds of Nigerian and foreign security experts is a growing fear: that Boko Haram will seek to carry its violent campaign into Nigeria's oil-rich south.

(Additional reporting by Pascal Fletcher in Johannesburg and Buhari Bello in Jos; Editing by Pascal Fletcher and Giles Elgood)

Source: http://us.rd.yahoo.com/dailynews/rss/africa/*http%3A//news.yahoo.com/s/nm/20111229/wl_nm/us_nigeria_sectarian

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