Sunday, March 31, 2013

Iraq's Christians face hardship, but peaceful Easter also highlights promise

Iraqi Christians celebrated a largely peaceful Easter under heavy security as a newly-elected Catholic leader pledged to try to stop an exodus from the Middle East and rebuild the battered church community.

Soldiers and federal policemen in armored vehicles were posted outside churches and security patrols were increased in Christian areas. Because of Baghdad?s fragile security, at many churches the main Easter service traditionally ending at dawn Sunday morning was held Saturday night.

Iraq?s Christian population, which was believed to top 1 million before the war, dropped to half that as Christians fled attacks on their neighborhoods and churches. Many of them have resettled in the west. Tens of thousands of Christians who went to neighboring Syria for safety or to apply for refugee status are just now beginning to return as fighting rages in that country.

RECOMMENDED: Who are Egypt's Copts, and the Middle East's other Christian populations?

On Sunday morning in Baghdad, church bells rang out as families with children dressed in new Easter clothing greeted each other on the steps in the spring sunshine. The post-Saddam Iraqi government has continued a decades-long tradition of granting Christian government workers a two-day holiday for Easter.

At the main Chaldean Catholic mass late last night, the new Chaldean patriarch, dressed in a red cape and gold-embroidered, stone-encrusted headdress celebrated Easter with a few hundred parishioners in a mass carried live on state television.

Louis Raphael Sako was elected last month by a conference of bishops in Rome to head the Chaldean Catholic church, the largest of the Christian denominations in Iraq and Syria. The patriarch, whose official title is Patriarch of Babylon, is the most senior religious official of the church. It traces its roots back to Jesus's apostle St. Thomas, who preached the gospel as he traveled through Iraq and Syria on his way to India.

Mr. Sako, who met Iraqi Prime Minister Nouri al-Maliki last week to urge him to meet with political opponents, called in his sermon yesterday for Iraqis to unite to help build prosperity and stability.

In an interview this week, Sako made clear that, after what he described as several years of stagnation, the church would focus on making it safe enough for Christians to remain in Iraq and on strengthening ties with the Muslim community.

?We must stay. This is our history. This is our patrimony. When we leave everything will leave with us,? says Sako. ?Other Iraqis are also persecuted, not only Christians, so there is a solidarity among us? They have to stay to struggle with the others.?

CHRISTIAN EXODUS

More than 1,000 Christians have been killed in the past 10 years and 60 churches have been attacked since Saddam Hussein was toppled, according to Sako. Although that is only a fraction of the number of Muslim victims, it is a much larger percentage of the overall community.

In the worst of the attacks, gunmen and suicide bombers stormed Our Lady of Salvation Syriac Catholic church during mass in 2010, killing 58 people, including priests. A group affiliated with Al Qaeda in Iraq claimed responsibility for the attack. The church has re-opened but is now hidden behind high concrete walls, guarded by soldiers, and closed to all but regular parishioners.

That attack and fragile security in Baghdad, Mosul, and other centers with large Christian communities, sparked a new exodus.

A lack of priests has left only 18 Chaldean parishes, down from 30. In some areas where large numbers of Christians have been displaced and there are no priests, mass is held only once a month instead of daily or weekly.

The Chaldean population in Syria doubled to about 30,000 as Iraqi Christians fled there when it was safer. Some are now beginning to come back as their country of refuge falls apart.

Sako says emigration from Iraq mirrors the movement of Christians from other countries, where the Arab Spring has toppled dictators, but also removed much of the protection for Middle East Christians.

?They are scared ? all Christians, not only Chaldeans,? says Sako. ?The Arab spring is not a spring. It has changed even in Egypt, in Tunisia, in Algeria, in Libya. Now the Islamists have the power ? the authority.?

?People are afraid of a kind of Islamic state as it was in the Seventh century where Christians would be considered a second class citizen...We want to keep [Iraq's Christians] ? to convince them that they can stay here and to live a good life,? he says.

STILL 'MORE FREEDOM' HERE

While some are still trying to leave Iraq, many of those who stayed form a tight-knit community, remembering the diverse, more tolerant country that existed before the war and determined not to leave it.

?I will never leave Iraq. We have more freedom here than any other country in the region,? says a retired academic attending mass at St. Joseph?s last night. However, the woman said she did not want her name used because she lives in Mosul, the site of many of the attacks on priests and parishioners. Her sister and brother-in-law were wounded in the attack at Our Lady of Salvation and are still undergoing medical treatment in France.

At the Easter ceremony at St. Joseph?s, a female parishioner delivered the reading from the gospel while altar girls joined boys in the procession. Young women in tight jeans with long, flowing hair stood next to older women in black with lace scarves on their heads.

Sako ? who has studied Islam and speaks French, English, Italian, and German in addition to Arabic and the Aramaic spoken by most Chaldeans ? was known for building strong ties with Muslim religious and political officials when he was archbishop of Kirkuk before being elected patriarch.

Kirkuk, in the middle of Iraq?s northern oil fields, is disputed territory, claimed by the central government, as well as Kurds and Turkmen.

He says Christians have been swept into the wider struggle for power in Iraq, which includes sectarian violence as well as conflict between the Kurdish and central governments.

?Shiites, Sunnis, Christians are also a victim of this conflict ? we don?t understand why they are attacking Christians because we don?t have any political ambition,? he says. ?We don?t want to set up a Christian regime in Iraq but there is a struggle between Shiite and Sunni ? and between the Kurds. The future is not known.?

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Source: http://news.yahoo.com/iraqs-christians-face-hardship-peaceful-easter-highlights-promise-155500503.html

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Smell-O-Vision Might Actually Be Happening, But Who Even Knows Anymore

Doesn't it seem like being able to smell a TV show would be undesirable a lot of the time? Alex Trebek's cologne would be wafting around your grandma's all through Easter dinner and then your house would smell like blood after the Game of Thrones premier. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/m3co1aEgSUc/smell+o+vision-might-actually-be-happening-but-who-even-knows-anymore

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South Africa says Mandela's condition has improved

LAHORE, March 31 (Reuters) - Pakistan have dropped senior batsman Younus Khan from the list of 30 probable players announced for this year's ICC Champions Trophy on Sunday. Younus, 35, was the only surprise omission and the decision probably signals the end of his one-day international career which has spanned 253 matches. The former captain struggled in the recent one-day series in South Africa and has been out of form in this format of the game since last year. ...

Source: http://news.yahoo.com/south-africas-mandela-spends-fourth-day-hospital-172359241.html

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Songkick

  • Pros

    Makes it a breeze to find artist tour dates. Taps iTunes, Last.fm, and other sources to help you find tour dates. Free.

  • Cons Requires a Facebook account to sign in. Unattractive design that doesn't mirror the beautiful look of the mobile app.
  • Bottom Line

    Songkick makes it easy for music fans to keep an eye on their favorite artists' tour dates?and purchase show tickets?by alerting them to when musicians and comedians are in town.

By Jeffrey L. Wilson

Hardcore music fans have their beloved bands' tour schedules seemingly imprinted on their souls, but those of us with more casual devotions may have trouble keeping tabs on our favorite artists' performance dates. Enter Songkick, a free Web service (also available as an Android?and iOS app) that notifies you when an artist plans to come to your town. Concertgoers, consider Songkick a must-bookmark site.

How Songkick Works
You obtain concert information by logging in with your Facebook credentials (unfortunately, this is the only way to sign up), keying an artist's name into the search box, clicking the search icon, selecting the artist's database entry, and then clicking "Track." You'll know that an artist is on tour if you see a red "On Tour" sash adorning the listing. If an artist isn't on tour, Songkick simply displays "No Upcoming Events."

Songkick also lets you discover upcoming concerts by tapping your personal tastes that are recorded in other sites and services. A column on the home page's right side lets you import artist information from your Facebook, iTunes, Last.fm, Pandora, or Spotify?accounts to build? a list of performers without using Songkick's search feature?and it works surprisingly well. Songkick recognized nearly every artist?even the relatively unknown Death Grips. Songkick Concerts didn't recognize a Heems track, but overall I was impressed that the app has its ear tuned to both popular and underground acts.

The Songkick Experience
Songkick's Web site isn't as attractive as its Android app (I dare say that it's downright ugly), but it's simple to use despite lacking the slick panel-driven mobile interface. "Artists" displays a list of performer thumbnail image showing artists you manually added and those which Songkick automatically generated based on your music collection. Songkick displays the tour dates, tour venues, and locations when you click an artist link. You can also let others know if you're attending (by clicking "I'm going"/"I might go"), view similar artists, purchase tickets (from the likes of LiveNation, Stubhub!, and others sellers), and view other Songkick Concert users who plan to attend the same show (unfortunately, there's no way to interact with them).

"Calendar" displays the shows you may attend and artist tour dates. It also lets you add a date to Google Calendar if you prefer to house tour information there?a nice touch. "Locations" lets you add cities that you're willing to visit to attend shows. For example, I inputted Boston, New York, and Philadelphia, so Songkick Concerts only displayed tour dates from artists who are planning to appear in those cities. Songkick Concerts makes finding concerts very simple, and you don't have to worry about missing a show again.

Party On, Wayne
Whether you're a concert frequenter or simply want to see a live music show once in a while, Songkick is a Web site to visit. Songkick not only lets you view when your favorite performers are coming to town, but lets you purchase tickets, too. The site and mobile app quickly became my go-to app whenever the idea of attending a live show popped into in my head. Music fans: check out this site.

Jeff Wilson By Jeffrey L. Wilson

Jeffrey L. Wilson's love of all things shiny/digital has lead to jobs penning gadget- and video game-related nerd-copy for 2D-X, E-Gear, Laptop, LifeStyler, Parenting, Sync, Wise Bread, and WWE. He now brings that passion to...

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Saturday, March 30, 2013

Bombings kill 23, wound dozens in Iraq

BAGHDAD (AP) ? A string of bombings targeting Shiite mosques in Iraq killed at least 23 people and wounded dozens on Friday, officials said. The attacks were the latest in spectacular assaults staged by insurgents seeking to undermine the Shiite-led government's efforts to achieve security across the country.

There was no immediate claim of responsibility, but the bombings bore the hallmarks of al-Qaida's Iraq branch. The group, known as the Islamic State of Iraq, frequently uses car bombs, suicide bombers and coordinated blasts in an effort to sow fear among Shiites and erode their trust in the government of Prime Minister Nouri al-Maliki.

Four car bombs hit Shiite mosques in the Iraqi capital as worshippers were leaving after Friday prayers, killing 19 people and wounding 72.

First, a parked car exploded in Baghdad's western Jihad neighborhood, killing seven worshippers and wounding 25, a police officer said. Another police officer said four people were killed and nearly 20 were wounded in a bombing in eastern Qahira neighborhood. Three people died and 15 were wounded in the eastern Zafaraniyah district while yet another car bomb killed five people and wounded 14 in the northeastern Binook neighborhood.

Three health officials confirmed the causality figures. All officials in Baghdad spoke on condition of anonymity because they were not allowed to talk to the media.

And in the northern city of Kirkuk, 290 kilometers (180 miles) north of Baghdad, a suicide bomber drove his explosive-laden car into a group of worshippers as they were leaving a mosque after Friday prayers, killing three people and wounding up to 70, according to police Col. Najat Hassan. A senior provisional health official, Sidiq Omar Rasool, confirmed the casualty figures in Kirkuk.

Violence has ebbed sharply since the peak of Sunni-Shiite fighting that pushed the country to the brink of civil war in 2006 and 2007, but Sunni insurgents still occasionally carry out high-profile attacks against Shiites, considering them to be heretics.

Friday is a particularly popular day for militants to undertake such attacks because of the rush of mostly men and boys who flock to the mosques throughout the country to hear traditional Muslim sermons and take part in communal prayers.

Source: http://news.yahoo.com/bombings-kill-23-wound-dozens-iraq-125703269.html

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OptiTrack debuts $3,700 PRIME 17W mocap cam for small spaces

DNP OptiTrack shows off $3,700 PRIME 17W mocap cam, ideal for small spaces

Independent creators keen on motion capture have had affordable solutions like cheaper sensors and Kinect-based implementations for awhile now, but a large space for moving around has usually been required. OptiTrack has come up with an answer to that problem, however, in the form of the PRIME 17W mocap camera that it introduced at the Game Developers Conference in San Francisco. The 1.7-megapixel lens has a 70-degree by 51-degree field of view that promises to capture motion in a relatively small space, which also means you need fewer cameras to get a full 360-degree shot. Other features include a global shutter, high-speed 360 FPS capture and low distortion, enabling UAV and sports tracking. At $3,700, it's still not exactly cheap, but it's certainly affordable enough for indie engineers and animators with space constraints to get started in the mocap biz.

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Source: OptiTrack

Source: http://www.engadget.com/2013/03/29/optitrack-prime-17w/

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Friday, March 29, 2013

Austrian police chase herd of cattle through town

VIENNA (AP) ? Austrian police and firefighters have taken on the role of urban cowboys in a two-day round-up of a herd of cattle that broke out of a fenced-off pasture and decided to go into town.

A police statement says the 43 steers defied attempts by police and volunteer firefighters to recapture them after wandering off Thursday and heading toward the Upper Austrian town of Freistadt. After being chased away from the railway station, they endangered motorists by stampeding onto a two-lane highway before running into a town suburb.

Two firefighters who tried to stop them were injured and needed hospital treatment.

The statement says 18 of the animals remain on the loose Friday. The rest have been corralled or tranquilized.

Source: http://news.yahoo.com/austrian-police-chase-herd-cattle-town-120729765.html

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NEC looking to hawk mobile division to PC partner Lenovo, says Bloomberg

NEC looking to hawk mobile division to Lenovo, says Bloomberg

Though we don't get to see its smartphone wares too often stateside or in Europe, NEC has always said its mobile division was a big part of its business. Now it looks to be trying to fob that arm off to PC venture partner Lenovo, according to unnamed Bloomberg sources. The Japanese company is also said to be eying potential domestic buyers, and Reuters recently reported that it's selling retail subsidiary NEC Mobiling to the tune of $850 million. The move is said to be in the works to bolster profitability after two straight years of smartphone operation losses and 10,000 layoffs, but as always, such unattributed material needs to be digested with beaucoup salt.

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Source: Reuters

Source: http://www.engadget.com/2013/03/29/nec-looking-to-hawk-mobile-division-to-lenovo/

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A Man Was Caught Smuggling Almost 14 Percent of an Entire Species

Last week at the Suvarnabhumi International Airport in Bangkok authorities arrested a Thai man after discovering 54 Ploughshare Tortoises in a suitcase he retrieved from a luggage carousel. That's a lot of tortoises, particularly when you consider that the Ploughshare is one of the rarest species on the planet, numbering just 400 around the world. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/66vykn6gpbE/a-man-was-caught-smuggling-almost-14-percent-of-an-entire-species

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Thursday, March 28, 2013

Popularity helps buffer Apple from Chinese state-media attacks

By Melanie Lee

SHANGHAI (Reuters) - Chinese Internet users are crying foul over the perceived unfair treatment doled out to Apple Inc by state-run media which has actively criticized the smartphone maker for the past two weeks over its warranty policy.

Apple and Volkswagen AG were singled out on March 15 by state-run China Central Television in its annual corporate malpractice expose. CCTV accused Apple of having discriminatory after-sales service in China compared to the rest of the world.

CCTV's flagship evening news program upped the war of words on Wednesday, citing the national quality watchdog as saying Apple would be punished it did not alter its policy on only offering one-year warranties for MacBook Air computers.

"Apple must change its policy, or the administrative law enforcement authorities will severely deal with (them) in accordance with the relevant laws and rules," it cited an unidentified official with the quality watchdog as saying.

Other state-run outlets have also run articles and editorials criticizing Apple. On Wednesday, the Communist Party mouthpiece, the People's Daily, ran an editorial attacking Apple for being filled with "unparalleled arrogance".

The editorial was rapidly shared by thousands of micro bloggers on Sina Corp's Weibo platform, but panned by many users who discredited the newspaper.

"Shameless People's Daily jealously scolding people... A brain-dead product of the Cultural Revolution, old and so disgusting," said one micro blogger.

Other users were upset at the targeting of a foreign firm over a petty issue.

"We ordinary people feel that Apple is good and the government is trash. There's obviously an implemented warranty policy, why must (Apple) be treated differently?" said one user.

Another user asked where the newspaper was when it came to reporting on corrupt on local ministries and poisonous milk.

"Do you wish to transfer our focus? Get the ordinary people to curse and blame useless things? There's toxic air, toxic water and tainted milk...We are not fools!" said another user.

STRONG REPUTATION

The intense push-back from Internet users indicates the strong reputation of Apple in China and shows the waning ability of China's state propaganda apparatus to manage opinion online, analysts say.

"Some users may feel that there is an agenda behind focusing on Apple that has more to do with pointing the finger at a famous international brand than the desire to highlight genuine concerns for consumers," said Torsten Stocker, head of Monitor Deloitte's Greater China consumer and retail practice.

Foreign firms are often taken to task very publicly in China where their businesses and reputations are on the line. Late last year, Yum Brands Inc's said its sales suffered after CCTV ran a report on the use of antibiotics in its KFC chickens.

That story went viral on Weibo, which has over 500 million users, and many Weibo users criticized Yum's handling of the incident. Facebook and Twitter are blocked in China and Beijing faces the constant headache on how to balance censorship while letting its citizens blow off steam.

Apple said in a statement on Saturday that it respected Chinese consumers and that its warranty policies were roughly the same worldwide with specific adjustments to adhere to Chinese law.

"Apple has come out relatively unscathed in this situation because consumers have had largely positive experiences with the brand," said Benjamin Cavender, associate principal analyst at China Market Research in Shanghai.

As for Volkswagen, CCTV said the direct shift gearbox transmission was causing some cars to speed up or slow down during driving.

Last week, Volkswagen, which sells more cars in China than any other foreign firm, said it would recall 384,181 vehicles there to fix the problem.

(Additional reporting by Ben Blanchard in BEIJING; Editing by Kazunori Takada and Ron Popeski)

Source: http://news.yahoo.com/popularity-helps-buffer-apple-chinese-state-media-attacks-094328778--finance.html

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AGF profit drops in first quarter, but outlook bright

TORONTO (Reuters) - Canadian fund manager AGF Management Ltd said on Wednesday its profit dipped in the first quarter compared with a year earlier, but improvement is expected as investors return to equities and the U.S. economy climbs out of the doldrums.

Net income from continuing operations fell 9.8 percent to C$15.6 million ($15.3 million) in the first quarter that ended February 28, from C$17.3 million a year earlier. Assets under management slumped 17.9 percent to C$39.3 billion in the quarter.

But earnings per share were higher than expected at 17 Canadian cents. Analysts' average forecast was 14 Canadian cents a share, according to Thomson Reuters I/B/E/S.

AGF Chief Executive Blake Goldring said he expects a swing back into equity investing will boost his company, an equity specialist.

"The U.S. is leading the way out of the financial crisis and there is a sense of optimism for advisors, investors and across industry stakeholders," Goldring said in a statement.

"Given AGF's competitive strength and focus on global equity investing, we believe we are well positioned to benefit from a return of investor confidence and strength of the equity market over the long-term."

The company said it received a letter during the quarter from Canadian tax authorities, the Canada Revenue Agency, relating to the transfer pricing and allocation of income between a Canadian and foreign subsidiary within AGF.

"The CRA may proceed to issue related notices of reassessments for tax years 2005, 2006 and 2007. The Company strongly disagrees with the CRA's position and will rebut any formal assessment if an assessment is issued to the Company," AGF said in a statement. ($1 = 1.02 Canadian dollars)

(Reporting by Andrea Hopkins; Editing by Maureen Bavdek)

Source: http://news.yahoo.com/agf-profit-drops-first-quarter-outlook-bright-130633271--sector.html

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AP source: Wainwright, Cards strike $97.5M deal

St. Louis Cardinals starting pitcher Adam Wainwright throws during the first inning of a spring training baseball game against the New York Mets, Tuesday, March 26, 2013, in Port St. Lucie, Fla. (AP Photo/Jeff Roberson)

St. Louis Cardinals starting pitcher Adam Wainwright throws during the first inning of a spring training baseball game against the New York Mets, Tuesday, March 26, 2013, in Port St. Lucie, Fla. (AP Photo/Jeff Roberson)

Adam Wainwright and the Cardinals have agreed to a new contract that guarantees the Cardinals' ace an additional $97.5 million over five years through 2018.

Wainwright had been eligible to become a free agent after the World Series.

The new agreement, first reported by foxsports.com, was confirmed by a person familiar with the negotiations who spoke on condition of anonymity because it had not yet been announced. The Cardinals scheduled a news conference for Thursday at their spring training camp in Jupiter, Fla.

A 31-year-old right-hander, Wainwright was 14-13 with a 3.94 ERA last year after missing the Cardinals' World Series championship season in 2011 because of elbow surgery.

Wainwright was 20-11 with a 2.42 ERA in 2010 and was an NL All-Star.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-03-27-Cardinals-Wainwright/id-3d2e6381fbb34dff99b4318fafd3307a

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Google Glass will reportedly be built in America, at least initially

Google Glass will reportedly be built in America, at least initially

That $1,500 price tag for Google Glass Explorer Edition? Perhaps it makes a bit more sense considering that US labor will be used to manufacturer it. According to unnamed sources cited by Financial Times, the first run of production-quality Glass headsets will be built in Santa Clara, California. The reason? A lot is riding on the quality of Glass, and it's likely that Google just wants to keep a close eye on every single prototype that leaves the lab. In fact, it's not exactly uncommon -- the outfit did the same for its ill-fated Nexus Q, and Apple is building some of its iMacs here in the states as well.

It's also important to note that the initial batch of Glass headsets won't be high yield, so there's little reason for Google to look overseas with so few units slated for production. Whether or not the lines in NorCal will continue to hum once these things hit critical mass remains to be seen, but it is interesting that Hon Hai Precision (read: Foxconn) will reportedly manage the facility that cranks 'em out.

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Via: TechCrunch

Source: Financial Times

Source: http://www.engadget.com/2013/03/27/google-glass-made-in-usa/

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Popularity helps buffer Apple from Chinese state-media attacks

By Melanie Lee

SHANGHAI (Reuters) - Chinese Internet users are crying foul over the perceived unfair treatment doled out to Apple Inc by state-run media which has actively criticized the smartphone maker for the past two weeks over its warranty policy.

Apple and Volkswagen AG were singled out on March 15 by state-run China Central Television in its annual corporate malpractice expose. CCTV accused Apple of having discriminatory after-sales service in China compared to the rest of the world.

CCTV's flagship evening news program upped the war of words on Wednesday, citing the national quality watchdog as saying Apple would be punished it did not alter its policy on only offering one-year warranties for MacBook Air computers.

"Apple must change its policy, or the administrative law enforcement authorities will severely deal with (them) in accordance with the relevant laws and rules," it cited an unidentified official with the quality watchdog as saying.

Other state-run outlets have also run articles and editorials criticizing Apple. On Wednesday, the Communist Party mouthpiece, the People's Daily, ran an editorial attacking Apple for being filled with "unparalleled arrogance".

The editorial was rapidly shared by thousands of micro bloggers on Sina Corp's Weibo platform, but panned by many users who discredited the newspaper.

"Shameless People's Daily jealously scolding people... A brain-dead product of the Cultural Revolution, old and so disgusting," said one micro blogger.

Other users were upset at the targeting of a foreign firm over a petty issue.

"We ordinary people feel that Apple is good and the government is trash. There's obviously an implemented warranty policy, why must (Apple) be treated differently?" said one user.

Another user asked where the newspaper was when it came to reporting on corrupt on local ministries and poisonous milk.

"Do you wish to transfer our focus? Get the ordinary people to curse and blame useless things? There's toxic air, toxic water and tainted milk...We are not fools!" said another user.

STRONG REPUTATION

The intense push-back from Internet users indicates the strong reputation of Apple in China and shows the waning ability of China's state propaganda apparatus to manage opinion online, analysts say.

"Some users may feel that there is an agenda behind focusing on Apple that has more to do with pointing the finger at a famous international brand than the desire to highlight genuine concerns for consumers," said Torsten Stocker, head of Monitor Deloitte's Greater China consumer and retail practice.

Foreign firms are often taken to task very publicly in China where their businesses and reputations are on the line. Late last year, Yum Brands Inc's said its sales suffered after CCTV ran a report on the use of antibiotics in its KFC chickens.

That story went viral on Weibo, which has over 500 million users, and many Weibo users criticized Yum's handling of the incident. Facebook and Twitter are blocked in China and Beijing faces the constant headache on how to balance censorship while letting its citizens blow off steam.

Apple said in a statement on Saturday that it respected Chinese consumers and that its warranty policies were roughly the same worldwide with specific adjustments to adhere to Chinese law.

"Apple has come out relatively unscathed in this situation because consumers have had largely positive experiences with the brand," said Benjamin Cavender, associate principal analyst at China Market Research in Shanghai.

As for Volkswagen, CCTV said the direct shift gearbox transmission was causing some cars to speed up or slow down during driving.

Last week, Volkswagen, which sells more cars in China than any other foreign firm, said it would recall 384,181 vehicles there to fix the problem.

(Additional reporting by Ben Blanchard in BEIJING; Editing by Kazunori Takada and Ron Popeski)

Source: http://news.yahoo.com/popularity-helps-buffer-apple-chinese-state-media-attacks-094328778--finance.html

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Wednesday, March 27, 2013

Murdoch's The Sun tabloid to charge for online access

Mar 26 (Reuters) - Leading money winners on the 2013 PGATour on Monday (U.S. unless stated): 1. Tiger Woods $3,787,600 2. Brandt Snedeker $2,859,920 3. Matt Kuchar $2,154,500 4. Steve Stricker $1,820,000 5. Phil Mickelson $1,650,260 6. Hunter Mahan $1,553,965 7. John Merrick $1,343,514 8. Dustin Johnson $1,330,507 9. Russell Henley $1,313,280 10. Kevin Streelman $1,310,343 11. Keegan Bradley $1,274,593 12. Charles Howell III $1,256,373 13. Michael Thompson $1,254,669 14. Brian Gay $1,171,721 15. Justin Rose $1,155,550 16. Jason Day $1,115,565 17. Chris Kirk $1,097,053 18. ...

Source: http://news.yahoo.com/murdochs-sun-tabloid-charge-online-access-125810407--finance.html

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Tuesday, March 26, 2013

Ethics panel investigating Rep. Michele Bachmann

The Hindenburg. The Titanic. Michele Bachmann.

Eighteen months ago, the Minnesota House member was considered an unlikely but undeniable Republican rising star, winning the Iowa straw poll that unofficially begins the primary season. Today, she is embroiled in a litany of legal proceedings related to her rolling disaster of a presidential campaign?including a Office of Congressional Ethics investigation into campaign improprieties that has not previously been reported.

READ MORE Portman?s Son: ?I?m Proud of My Dad?

The Daily Beast has learned that federal investigators are now interviewing former Bachmann campaign staffers nationwide about alleged intentional campaign-finance violations. The investigators are working on behalf of the Office of Congressional Ethics, which probes reported improprieties by House members and their staffs and then can refer cases to the House Ethics Committee.

?I have been interviewed by investigators,? says Peter Waldron, a former Bachmann staffer who?s embroiled in his own fight with his former boss, involving his allegations of pay-to-play politics and improper payments by the campaign?making him one of several members of Bachmann?s inner circle who?ve fallen out with the woman they once hoped would become commander in chief. While he was careful to avoid specifics in regard to the investigating body, Waldron said that ?investigators came [and] interviewed me and are interviewing other staff members across the country.?

READ MORE Michele Bachmann's Most Outrageous Comments

Two other former staffers confirmed the existence of the investigation this weekend, and on Monday Bachmann?s campaign counsel, William McGinley, of the high-powered firm Patton Boggs, confirmed that the Office of Congressional Ethics (OCE) was looking into the congresswoman?s presidential campaign last year.

?There are no allegations that the Congresswoman engaged in any wrongdoing,? McGinley said. ?We are constructively engaged with the OCE and are confident that at the end of their Review the OCE Board will conclude that Congresswoman Bachmann did not do anything inappropriate.?

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Former staffers tell The Daily Beast that investigators have allegedly asked about allegations of improper transfer of funds and under-the-table payments actions by Bachmann?s presidential campaign, specifically in relation to the campaign?s national political director, Guy Short, and Bachmann?s onetime Iowa campaign chairman, state Sen. Kent Sorenson. Questions directly about Bachmann, they said, have been primarily focused on what she knew about those men?s actions and when she knew it.

Sorenson and Short did not return separate calls for comment.

READ MORE Jurassic Republicans

The independent, nonpartisan OCE, established in 2008 and chaired by former CIA director Porter Goss, looks into charges of misconduct by House members and their staffs and then decides whether to recommend that the House Ethics Committee investigate the charges?thus relieving the committee members of the political pressure of deciding whether to investigate one of their own. When OCE, which has a limited window of about three months to investigate and decide, does recommend that the committee pursue a case, it publicly releases its report?giving its advice considerable sway. While it lacks enforcement powers, OCE has been widely credited for pressing the committee to probe and then censor New York Democrat Charles Rangel?and forcing the resignation from the House of Georgia Republican Nathan Deal (who left, thus removing himself from the authority of the committee, while he was running, successfully, for governor). OCE does not comment on ongoing investigations, but one source with knowledge of the Bachmann case said it was now in its final, 45-day period before OCE makes its determination about whether to recommend that the Ethics Committee pursue the investigation.

The emergence of still another investigation tied to Bachmann?s presidential misadventure is the latest hit in what?s been a slow-motion crash for an unusually irresponsible politician who?d briefly emerged as a national figure with White House ambitions.

READ MORE Bush Speechwriter Defends Gay Marriage

Narrowly reelected to what had been a safe House seat after abandoning her presidential run, Bachmann returned to Congress diminished. Her bids to join Republican leadership have been rebuffed, and House colleagues co-exist with her uneasily. The Tea Party caucus she helped found to much fanfare in 2011 is now dormant. And even before her year in Iowa, her staff rarely stayed with her for long?she?s seen a 46 percent annual turnover rate during her time on the Hill, according to The Washington Times?not a vote of confidence from those who know her best.

?She?s the Republican Dennis Kucinich,? says one longtime Bachmann senior staffer.? ?Politics is like jumping off a diving board. You rise, you plateau, but at the end of the day everyone comes down. Some people make a splash and some people belly flop. She belly flopped. And you don?t get a second chance at the diving board.?

READ MORE Rand Paul Ducks 2016 Question

Embarrassments have become routine whenever she?s tried to forcibly reinsert herself into the national debate, as the sort of wild claims that helped make her reputation in the first place have increasingly been swatted down, even by fellow Republicans. In the last week alone she has been called out by Fox?s Bill O?Reilly for ?a trivial pursuit? after dedicating much of her CPAC speech to what she called President Obama?s ?lavish? lifestyle (in fact, the costs she cited are primarily related to Secret Service protection, and some of them were simply false). She followed that up with a reality-challenged rant on the House floor, calling for the repeal of the Affordable Care Act ?before it literally kills women, kills children, kills senior citizens.?

Bachmann holds the distinction of having a higher percentage of statements analyzed by PolitiFact determined to be outright lies?or ?Pants on Fire??than any other politician, according to a survey by The Daily Beast.

READ MORE Rand Paul: Lighten Pot Laws

?She doesn?t use the most credible sources,? explains one former staffer, detailing Bachmann?s reliance on stories from the conspiracy-peddling WorldNetDaily to shape her worldview, ?and she tends to listen to the last person who talks to her.? Bachmann is also a member of the House Intelligence Committee.

But what critics charge is a persistent truth-telling problem is the least of Bachmann?s worries now. Bills are piling up in an Iowa court case, Heki v. Bachmann,?filed by another former Bachmann staffer, Barb Heki. That suit alleges that onetime state campaign chairman and state Senator Sorenson stole from her?and then used with the candidate?s knowledge?an email list of Christian homeschool families in Iowa. Heki?s accusation has been backed by a sworn affidavit by former campaign staffer Eric Woolson, who had also been named in the suit, though charges against him were dropped after he submitted his affidavit.

READ MORE The Week in Wingnuts

Sorenson told Politico that the alleged theft ?absolutely did not happen,? while Jeff Goodman, a lawyer representing the Bachmann campaign, has said his clients "vigorously deny the substantive allegations and claims against them."

Separately, the Urbandale Police Department in Iowa has conducted its own investigation into the theft of that list, and the Iowa Senate Ethics Committee had been probing the actions of Sorenson for allegedly taking ?under-the-table payments? from her campaign, according to Waldron, the former Bachmann staffer who filed the initial complaint. In a written response to the committee, Sorenson has ?vehemently denied any wrongdoing as alleged.? (That investigation has been put on hold until the criminal investigation is complete.) Ironically, when Sorenson defected to Ron Paul?s campaign days before the Iowa caucus, Bachmann herself publically charged that the influential state senator had told her that he?d been ?offered a large amount of money? to shift his allegiance.

READ MORE Newtown?s Pastor, Three Months Later

Waldron, a veteran evangelical outreach operative who worked on the Reagan-Bush and Bush-Cheney campaigns, said the campaign?s behavior had crossed a ?bright red line,? adding that ?I'm not sorry that I've had to file complaints at all.?

Back in Washington, the Federal Election Commission is investigating a separate complaint, also filed by Waldron this January, alleging that Bachmann?s congressional Political Action Committee, MichelePAC, improperly paid the presidential campaign?s political director, Guy Short, through his fundraising company C&M Strategies. Short received lump sums of $20,000 in December of 2011 and January of 2012, with the second payment deposited on the day of the Iowa caucus. Short, who did not return a call for comment Sunday, told Politico?s Maggie Haberman last year, when she noticed his name on a FEC filing, that he had ?multiple clients and Michele PAC and Mrs. Bachmann's Presidential campaign are only two of them. I don't discuss my client?s relationships with the press. The services I perform for each of my clients are separate and distinct ? the services I provide for one client doesn't effect service for another."

READ MORE FCC Chief Steps Down

In a statement when the charges were filed in January, McGinley, Bachmann's campaign counsel, said that "Bachmann for President denies the allegations contained in the complaint filed with the FEC and intends to file an appropriate response. We are confident that this matter will be resolved in the campaign?s favor."

Short helped start and direct MichelePAC, while its Treasurer, Barry Arrington, also filed the incorporation papers for Short?s Company, C&M strategies, with the Colorado Secretary of State. These connections appear to have put Short in a position to pay himself, even as other presidential campaign staffers were told that there was no money for their salaries. Short has yet to publicly comment on the allegations, and did not return a call for comment on Sunday.

READ MORE The GOP?s Three Fiscal Lies

?He?s there telling everyone to suck it up, that we?re not going to get paid ? and he?s paying himself?? said one indignant campaign staffer, who recalls Short telling the team he was working as a volunteer.

This alleged stiffing of the staff has led to an unusually large number of disgruntled former employees who have lodged public complaints against the woman they once wanted to be president. And now some of those former staffers are being interviewed by federal investigators.

READ MORE Tea Partiers Turn on Fox News

?She?s always been one of the most difficult members to work for ? very high maintenance, almost demeaning to a point,? says another former staffer. ?And that was amplified ten times over due to the presidential campaign. It was like she was a different person. You didn?t recognize her. All I can tell you is that it was the weirdest thing I?ve ever seen. It was by far the most bizarre campaign I?ve ever been a part of.?

But other staffers blamed the once-promising campaign?s derailment on persistent strategic missteps.

READ MORE Gingrich & Santorum Almost Teamed Up

?There was a shift in strategy. She needed to always be the outsider,? says Bob Heckman, a veteran of seven presidential campaigns who worked with the Bachmann campaign until the end and stresses he still believes she is ?a big asset to the conservative movement.?

?I felt that we were going on the wrong track the day after the straw poll, when I started to hear stories about how we didn?t want her to get off the bus when [Rick] Perry was in the room because she was the front runner,? says Heckman.

READ MORE Obama and Bibi's Comedy Tour

There was an abrupt shift in campaign leadership after the straw poll, when legendary Republican campaign manager Ed Rollins was replaced by Bachmann?s one-time advance man, Keith Nahigian, while her debate coach Brett O?Donnell rose to a position of high influence despite having what one operative described as ?the worst political judgment I have ever seen.? Unforced errors piled up, including misplacing the list of Bachmann?s straw poll voters in a Virginia warehouse.

Money was also a persistent problem for the Bachmann campaign. Despite her storied ability to raise millions online by playing the victim, very little of it actually went into the campaign coffers, according to Heckman? a sign of unusually high fundraising overhead. ?It did seem to me that we had a remarkably low net cash available,? he said. ?By the end, we couldn?t do TV, radio or even phones with the big guys.?

READ MORE Obama Stops By Israel?s Holocaust Memorial

In October of 2011, the troubles in Bachmann-land went public, when her New Hampshire staff quit en masse with a stinging letter that described the campaign?s operation as ?rude, unprofessional, dishonest and at times cruel.? ?Their assessment was concurrent with our own experience in Iowa,? says Waldron, simply.

The final insult was the abrupt departure of Sorenson, who endorsed Ron Paul in the waning days of the campaign ? a decision that Heckman describes as a ?pretty treacherous act,? while acknowledging that ?Kent wasn?t treated with a lot of respect inside the campaign. He?s a volatile guy and I can?t say I was surprised that he got fed up and decided to jump.?

READ MORE Where Are the Black Appointees?

By the time, the Iowa caucus occurred, Bachmann was an afterthought. Despite bold and baseless claims of a come-from-behind win, she received roughly the same number of votes statewide as she did four months before in the far smaller Ames Straw poll. Even in her home county, she collected less than 10% of the vote.

In the end, it seems the only people who profited from Bachmann?s face-plant of a presidential campaign were the consultants. The only lasting legacy has been the lawsuits. While junior staffers say they still haven?t been paid, Guy Short?s C&M strategies received a total of $157,000 from MichelePAC between January 2011 and July 2012, when Bachmann was primarily pre-occupied with presidential pursuits, according to FEC filings.

READ MORE That Elephant Won?t Hunt

Now, the prospect of a House Ethics Committee investigation into Bachmann?s presidential campaign adds an additional indignity to the self-inflicted disasters of her political career. Demagoguery eventually brings dishonor. And her most passionate supporters ought to consider what it means when the people who know Bachmann best, respect her the least.

There is a cost to playing fast and loose with the truth, former staffers say ? and not just in terms of escalating legal fees and over-lapping investigations. ?A lot of hearts were broken, a lot of lives were hurt by the behavior of the senior staff of the Bachmann campaign,? says Waldron. ?She's entangled in a cyclone. She can't get out.?

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Source: http://news.yahoo.com/office-congressional-ethics-eyes-bachmann-154500334--politics.html

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Singer Dionne Warwick files for bankruptcy in NJ

NEWARK, N.J. (AP) ? Singer Dionne Warwick claims in a recent bankruptcy filing that she owes nearly $10 million in back taxes and her monthly expenses exceed $20,000.

The South Orange resident and singer of classics such as "Walk On By," ''I Say a Little Prayer" and "Do You Know the Way to San Jose" filed a Chapter 7 petition in U.S. bankruptcy court in New Jersey last Thursday.

In the filing, the 72-year-old Warwick listed liabilities that include nearly $7 million owed to the Internal Revenue Service for the years 1991 to 1999 and more than $3 million in business taxes owed to the state of California.

Warwick, a cousin of the late Whitney Houston, also listed $20,950 in monthly income from royalties, retirement income and a contract with Culver City, Calif.-based Star Girl Productions. Her monthly expenses total $20,940 and include $5,000 for housekeeping/housesitting.

Warwick's publicist said that the singer was victimized by bad financial management in the 1990s and that she has paid back the actual amount of the taxes, but penalties and interest have accumulated over the years.

"In light of the magnitude of her tax liabilities, (Dionne) Warwick has repeatedly attempted to offer re-payment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed," Kevin Sasaki said in an email Tuesday. "These plans were not accepted, resulting in escalating interest and penalties. Although the actual amount of back taxes owed has been paid, the resulting penalties and interest has continually accrued."

Source: http://news.yahoo.com/singer-dionne-warwick-files-bankruptcy-nj-210030788.html

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Hornets snap Nuggets' 15-game win streak

Denver Nuggets guard Andre Miller (24) and New Orleans Hornets forward Anthony Davis (23) battle for a loose ball in the first half of an NBA basketball game in New Orleans, Monday, March 25, 2013. (AP Photo/Bill Haber)

Denver Nuggets guard Andre Miller (24) and New Orleans Hornets forward Anthony Davis (23) battle for a loose ball in the first half of an NBA basketball game in New Orleans, Monday, March 25, 2013. (AP Photo/Bill Haber)

New Orleans Hornets guard Brian Roberts (22) gets fouled by Denver Nuggets forward Kenneth Faried (35) in the first half of an NBA basketball game in New Orleans, Monday, March 25, 2013. (AP Photo/Bill Haber)

New Orleans Hornets forward Al-Farouq Aminu (0) and Denver Nuggets center Kosta Koufos (41) reach for a loose ball in the first half of an NBA basketball game in New Orleans, Monday, March 25, 2013. (AP Photo/Bill Haber)

Denver Nuggets forward Kenneth Faried (35) falls while reaching for a rebound in front of New Orleans Hornets center Robin Lopez (15) in the first half of an NBA basketball game in New Orleans, Monday, March 25, 2013. (AP Photo/Bill Haber)

(AP) ? Even Brian Roberts couldn't believe the performance he delivered to help end Denver's 15-game winning streak.

Starting for only the second time, the rookie doubled his season high with 18 assists, Ryan Anderson scored 23 points and the short-handed New Orleans Hornets beat the Nuggets 110-86 on Monday night.

"It's crazy to fathom, having 18 assists," Roberts said. "Guys play years and don't have that many assists. Somebody pointed out I had more assists than they had as a team. For me to come out in my second start and do that is just a testament to my teammates making shots."

And to Roberts' work ethic, too. He never had 10 assists in four years at the University of Dayton, where he was more of a scorer than a facilitator. Then he spent five years trying to make an NBA roster before hooking on with the Hornets last summer, re-working his game to become a pass-first player.

Eleven of those passes turned into assists in the first half alone against the Nuggets, who finished with four fewer assists than Roberts. He became the 20th rookie to have 18 assists or more and the first since Darren Collison did it for New Orleans in 2010.

"I've had to grind and just fight to be on the team just to make an opportunity for myself," Roberts said. "It's something I know I don't take for granted. But without my teammates making shots, it's not even a discussion."

Anderson was 5 of 11 on 3-pointers, and the Hornets sank 14-of-25 3s overall. Darius Miller, starting in place of injured shooting guard Eric Gordon, was 4 of 5 behind the arc and had 16 points as seven Hornets scored in double figures.

New Orleans won its third in a row and was in control all the way. The Hornets led by nine at the end of the first quarter, by 21 at the half and by 18 entering the fourth.

Danilo Gallinari had 24 points for the Nuggets, who were without starting point guard Ty Lawson (right heel injury) for the third consecutive game. Denver lost for the first time since Feb. 22 against Washington after matching its 1969-70 ABA team's record of 15 straight victories.

"We played a bad game and they played a great game," said Nuggets point guard Andre Miller, who had nine points and six assists. "We were constantly taking the ball out of the basket and getting frustrated. Our game plan was to trap the ball, and their point guard found the open man. They outplayed us and outworked us at both ends."

The Hornets answered every Nuggets run, the last of which closed the gap to 96-84 when Kenneth Faried hit a tough bank shot and was fouled with 6:07 left. New Orleans' Anthony Davis followed with two free throws, Darius Miller drained a face-up 3-pointer and Davis leaped high to jam in a rebound follow, extending the lead to 103-84.

The closest Denver came in the second half was 67-58 after a 16-4 spurt midway through the third quarter. But the Hornets' Roger Mason Jr. immediately hit back-to-back 3-pointers, and New Orleans was up by double digits the rest of the way.

This one was never close.

The Hornets went ahead 25-11 in the first quarter, getting back-to-back, wide-open 3-pointers from Anderson to cap the early run against the sluggish Nuggets. No one picked up Anderson, who led the NBA in 3-point baskets last season, when he shot from straightaway on the first one. Denver left him unguarded again as he made another 3 the next time down the court.

The Nuggets' winning streak was well on its way to ending.

"We didn't really talk about that too much," Roberts said. "We had a lot of stuff going on in here in this locker room, so we didn't want to worry about streak busting or anything like that. We just wanted to come out and play together."

Denver missed Lawson, who had averaged 21.8 points in his last 18 games, much more than New Orleans missed starting point guard Greivis Vasquez or Gordon.

"He's important to us because he makes everyone else fit," Nuggets coach George Karl said. "These last three games we were thinking we are better than we are. It's human nature."

Wilson Chandler returned for the Nuggets after missing two games with a left shoulder injury and finished with 11 points. Faried added 13 points.

Gordon, who is tied for the team lead with 16.5 points per game, sat out with a sore left ankle. Vasquez sat out with a sprained left ankle after starting the first 70 games.

Roberts, who added 13 points for his first double-double, and Miller, who was 6 of 7 from the floor, excelled in their absence.

"A lot of times this year we've let teams come back after we got ahead of them," Darius Miller said. "We didn't want to do that tonight. They went on a great run and had us on our heels a little bit, but we bounced back."

Most of Miller's baskets came off of passes from Roberts.

"It doesn't happen if he (Roberts) doesn't work hard," Hornets coach Monty Williams said. "He works his tail off."

NOTES: Nuggets reserve guard Julyan Stone left with a hyperextended right knee injury in the first half and did not return. . The Hornets started a big week of home games. They face the Los Angeles Clippers and former New Orleans point guard Chris Paul on Wednesday, and the Miami Heat on Friday. The Heat extended their winning streak to 27, beating Orlando on Monday. . A sign of the Nuggets' lack of aggressiveness: They picked up their first foul in the second quarter at the 3:49 mark and their first foul of the third quarter with 3:08 left.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-03-26-Nuggets-Hornets/id-f6f1153058fb41f9946d0603d0f9f5b1

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Monday, March 25, 2013

Existing-Home Sales and Prices Continue to Rise in February.

home sales rising Existing Home Sales and Prices Continue to Rise in February.

February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of REALTORD?. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.8 percent to a seasonally adjusted annual rate of 4.98 million in February from an upwardly revised 4.94 million in January, and are 10.2 percent above the 4.52 million-unit level seen in February 2012. February sales were at the highest level since the tax credit period of November 2009.

Lawrence Yun, NAR chief economist, says conditions for continued housing improvement are at play. ?Job growth in the improving economy and pent-up demand are causing both home sales and rental leasing to rise. Though home prices are rising much faster than rents, historically low mortgage rates are still making home purchases affordable,? he says. ?The only headwinds are limited housing inventory, which varies greatly around the country, and credit conditions that remain too restrictive.?

Total housing inventory at the end of February rose 9.6 percent to 1.94 million existing homes available for sale, which represents a 4.7-month supply at the current sales pace, up from 4.3 months in January, which was the lowest supply since May 2005. Listed inventory is 19.2 percent below a year ago when there was a 6.4-month supply.

The national median existing-home price for all housing types was $173,600 in February, up 11.6 percent from February 2012. The last time there were 12 consecutive months of year-over-year price increases was from June 2005 to May 2006. The February gain is the strongest since November 2005 when it was 12.9 percent above a year earlier.

?A strong rise in home values is contributing to housing wealth recovery, which has risen by $1.4 trillion in the past year and looks to top that increase this year,? Yun says. ?The extra consumer spending arising from growth in housing wealth is expected to be $70 billion to $110 billion this year.?

Distressed homes?foreclosures and short sales?accounted for 25 percent of February sales, up from 23 percent in January but down from 34 percent in February 2012. Fifteen percent of February sales were foreclosures, and 10 percent were short sales. Foreclosures sold for an average discount of 18 percent below market value in February, while short sales were discounted 15 percent.

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 3.53 percent in February from 3.41 percent in January; it was 3.89 percent in February 2012.

NAR President Gary Thomas, broker-owner of Evergreen Realty in Villa Park, Calif., says interest rates remain extraordinarily low. ?In the history of mortgage interest rates since 1971, the 30-year fixed rate has been below 4 percent in only 15 months, and those have all been in the past 15 months,? he says. ?Even with rising home prices, affordability remains historically favorable because home prices over-corrected during the downturn. This means there is still great value for buyers in the current market.?

The median time on market for all homes was 74 days in February, which is 24 percent below 97 days in February 2012. Short sales were on the market for a median of 101 days, while foreclosures typically sold in 52 days and non-distressed homes took 77 days. One out of three homes sold in February was on the market for less than a month.

First-time buyers accounted for 30 percent of purchases in February, unchanged from January; they were 32 percent in February 2012.

All-cash sales were at 32 percent of transactions in February, up from 28 percent in January; they were 33 percent in February 2012. Investors, who account for most cash sales, purchased 22 percent of homes in February, up from 19 percent in January; they were 23 percent in February 2012.

?There was an upward bump in the shares of investor and all-cash closed purchases in February. These sales result from purchase offers during the holidays when shopping activity by traditional home buyers slows, but investors, who typically pay cash, remained active,? Yun says. ?This is a seasonal pattern, but we?re now seeing a general increase in buyer traffic, which is 25 percent above a year ago.?

Single-family home sales slipped 0.2 percent to a seasonally adjusted annual rate of 4.36 million in February from an upwardly revised 4.37 million in January, but are 8.7 percent above the 4.01 million-unit pace in February 2012. The median existing single-family home price was $173,800 in February, which is 11.3 percent higher than a year ago.

Existing condominium and co-op sales rose 8.8 percent to an annualized rate of 620,000 in February from 570,000 in January, and are 21.6 percent above the 510,000-unit level a year ago. The median existing condo price was $172,500 in February, up 13.9 percent from February 2012.

Regionally, existing-home sales in the Northeast fell 3.1 percent to an annual rate of 630,000 in February but are 8.6 percent above February 2012. The median price in the Northeast was $238,800, which is 7.6 percent above a year ago.

Existing-home sales in the Midwest slipped 1.7 in February to a pace of 1.14 million but are 12.9 percent above a year ago. The median price in the Midwest was $129,900, up 7.7 percent from February 2012.

In the South, existing-home sales increased 2.6 percent to an annual level of 2.01 million in February and are 14.9 percent above February 2012. The median price in the South was $150,500, up 9.3 percent from a year ago.

Existing-home sales in the West rose 2.6 percent to a pace of 1.20 million in February and are 1.7 percent above a year ago. With limited choices and multiple bidding, the median price in the West rose to $237,700, which is 22.7 percent above February 2012.

For more information, visit www.realtor.org, www.houselogic.com and http://retradio.com.

Source: http://www.christophechoo.com/existing-home-sales-and-prices-continue-to-rise-in-february/

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Roll Up, Roll Up! Startups From Brazil, India And Israel, Be A Part Of Disrupt NY 2013

israeli pavilion disruptWe're fast approaching Disrupt NY, TechCrunch's big conference in the Big Apple taking place April 29-May 1 at the Manhattan Center. This year's event promises to be one of the most international yet, with the Startup Alley featuring three country pavilions, focusing on Brazil, India and Israel, and we're on the lookout for exciting startups from these three countries and the rest of the world to be a part of the action.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/sBkoB3QWDm8/

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Israeli Military Responds After Patrols Come Under Fire From Syria

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Source: www.nytimes.com --- Sunday, March 24, 2013
The Israeli Military said it destroyed a machine-gun post in Syria after two patrols were fired on from across the cease-fire line in the Golan Heights. ...

Source: http://www.nytimes.com/2013/03/25/world/middleeast/israeli-military-responds-after-patrols-come-under-fire-from-syria.html?partner=rss&emc=rss

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Cyprus's Plan B: What will happen if Moscow won't foot the bill?

Cypriot officials have now lingered in Moscow for a second day of talks regarding a potential bailout deal. Meanwhile, the government is also looking into internal options to drum up funds.

By Robert Marquand,?Staff writer / March 21, 2013

Cyprus?s Central Bank chief, Panicos Demetriades, leaves after a meeting at the presidential palace in Nicosia Thursday. The European Central Bank says it will keep emergency aid for Cyprus's troubled banks in place at least until Monday, but will have to cut it off after that unless an international rescue program is drawn up.

Petros Karadjias/AP

Enlarge

The clock in Nicosia is ticking a lot louder: Tiny Cyprus has four days to come up with about ?6 billion ($7.5 billion) or lose its current lender of last resort, the European Central Bank (ECB).

Skip to next paragraph Robert Marquand

Staff writer

Over the past three decades, Robert Marquand has reported on a wide variety of subjects for?The Christian Science Monitor, including American education reform,?the wars in the Balkans, the Supreme Court, South Asian politics, and the oft-cited "rise of China." In the past 15 years he has served as the Monitor's bureau chief in Paris, Beijing, and New Delhi.?

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Tensions and emotions are high after ECB officials declared on Thursday that Cyprus must guarantee a ?10 billion ($13 billion) bailout by Monday or forfeit and presumably go into default, with unknown consequences for the eurozone economy and beyond.

Cypriot officials are scrambling to conjure new sources of revenue ? a so-called Plan B ? including a look at pension fund leveraging and sales of offshore gas exploration prospects. The finance minister and energy minister have now lingered in Moscow for a second day of talks regarding a potential bailout deal with Russia.?

Cypriot banks will remain closed this weekend even as bankers there worry about huge outflows of capital next week if some kind of deal, whether with the European Union or Moscow, is not in the offing. (Reportedly Russian officials yesterday told their EU counterparts they would not add to a current ?2.5 billion ($3 billion) loan to Cyprus.)?

Cypriot lawmakers vowed Thursday that they would not raise again the idea of a levy or tax on private accounts. However, EU and ECB authorities continue to state that available resources are so limited that the Cyprus parliament will need to revisit the issue, perhaps in a smaller percentage.

Meanwhile, Reuters notes, EU officials?continue to up the ante and put pressure on Cyprus. "I cannot rule out a Cyprus insolvency," Austrian Finance Minister Maria Fekter told the newspaper Oesterreich. "A euro exit would not achieve anything. Cyprus must act now."?

The ECB hard deadline comes a day after Cypriot lawmakers rejected the controversial EU terms of the bailout, engineered mysteriously last week, which require a ?tax? allowing Cypriot authorities to reach into the accounts of private bank deposits and withdraw some 10 percent of funds in accounts over ?100,000 ($130,000) and about 7 percent in accounts under that figure.

The idea of such a tax brings mingled perplexity and outrage in many parts of the world, but especially in Russia, which uses Cyprus as an offshore tax haven.

The Washington Post calculates?that:

Deposits in Cyprus?s banks were seven times the size of its economy at the end of 2012, an unusual situation fostered by low taxes and reputation for lax regulation. Many European policymakers suspect it is a hub for Russian money laundering. Cypriot banks hold $88 billion in deposits, of which $49 billion is in the form of deposits over $129,000, according to analysts? estimates.?

The Christian Science Monitor reports?that Moscow is playing ?hardball? with the Cypriot finance minister in order to protect its massive stake in Cyprus' banking system.

According to official Russian figures, more than $114 billion has flowed into Russia since 2007 from Cyprus, almost all of it in the form of dividends paid by Cyprus-registered holding companies. Big Russian firms, including most metals giants, the state-owned banks Sberbank and VTB, and the independent gas producer Novatek all have important holdings in Cyprus.

"The price of crisis in Cyprus is very high for Russia," says Igor Nikolayev, director of strategic planning for one of Russia's leading auditing firms.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/NC_GP51gGCc/Cyprus-s-Plan-B-What-will-happen-if-Moscow-won-t-foot-the-bill

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