Tuesday, January 31, 2012

Mindy Kaling: Leaving 'The Office' For Her Own Fox Show?

Vulture:

This is why actress/blogger/best-selling author Mindy Kaling is not getting her own "Office" spin-off: Vulture hears Fox is just about ready to order a pilot for a half-hour comedy written by and starring Kaling as an OB/GYN.

Read the whole story: Vulture

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Source: http://www.huffingtonpost.com/2012/01/30/mindy-kaling-fox-obgyn_n_1242546.html

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Monday, January 30, 2012

Incomes up strong 0.5 pct., consumer spending flat

In this Nov. 9, 2011 file photo, shoppers walk past a clearance sign at the New York & Company outlet store at the Dolphin Mall, in Miami. Consumer spending was flat in December while incomes rose by the largest amount in nine months. But even with the December income surge, incomes for the whole year were up just half the amount of 2010, underscoring the challenge facing the economy. (AP Photo/Lynne Sladky, File)

In this Nov. 9, 2011 file photo, shoppers walk past a clearance sign at the New York & Company outlet store at the Dolphin Mall, in Miami. Consumer spending was flat in December while incomes rose by the largest amount in nine months. But even with the December income surge, incomes for the whole year were up just half the amount of 2010, underscoring the challenge facing the economy. (AP Photo/Lynne Sladky, File)

In this Nov. 9, 2011 file photo, a shopper carries purchases while shopping at Dolphin Mall, in Miami. Consumer spending was flat in December while incomes rose by the largest amount in nine months. But even with the December income surge, incomes for the whole year were up just half the amount of 2010, underscoring the challenge facing the economy. (AP Photo/Lynne Sladky, File)

(AP) ? Americans' income rose in December by the most in nine months, a hopeful sign for the economy after a year of weak wage gains. But consumers didn't spend any more than they had in November.

Americans ended up saving all their additional income.

Economists noted that income rose last month largely because of strong hiring. The economy added 200,000 jobs in December. More jobs mean more income available to spend.

The best hope for the economy is further job gains. On Friday, the government is expected to report another solid month of hiring for January.

Income rose 0.5 percent from November to December, the Commerce Department said Monday. It was the sharpest increase since a similar gain in March.

The flat spending in December followed scant gains of 0.1 percent in both October and November.

For all of 2011, income barely rose. And consumers tapped their savings to spend more.

But in December, Americans boosted their savings. If they continue to save any additional income rather than spend it, the economy could slow. And that could force employers to pull back on hiring.

Consumer spending accounts for about 70 percent of economic activity.

Many economists are holding out hope, though, that continued job gains will mean more spending across the economy.

"The pace of job growth in recent months, while still not satisfactory compared to most past cycles, at least seems sufficient to generate enough income growth to keep consumer spending moving ahead at a modest pace," said Joshua Shapiro, chief U.S. economist at MFR, Inc.

After-tax income adjusted for inflation rose 0.3 percent in December. For the year, inflation-adjusted income rose 0.9 percent. That was just half the rise in 2010.

Inflation-adjusted consumer spending rose just 2.2 percent last year. It was slightly better than the increase in 2010.

The government said Friday that the economy grew at an annual rate of 1.7 percent last year ? roughly half the growth of 2010. It was the weakest showing since the economy contracted in 2009.

Unemployment stands at 8.5 percent ? its lowest level in nearly three years after a sixth straight month of solid hiring.

For the final three months of 2011, Americans spent more on vehicles, and companies restocked their supplies at a robust pace.

Still, overall growth last quarter ? and for all of last year ? was slowed by the sharpest cuts in annual government spending in four decades. And many people are reluctant to spend more or buy homes. Many employers remain hesitant to hire, even though job growth has strengthened.

The outlook for 2012 is slightly better. The Federal Reserve has estimated economic growth of roughly 2.5 percent for the year, despite abundant risk factors: federal spending cuts, weak pay increases, cautious consumers and the risk of a European recession.

In December, spending on both durable and nondurable goods fell. Spending on services, a category that accounts for two-thirds of consumer spending, rose 0.2 percent.

The savings rate increased to 4 percent of after-tax incomes in December, up from 3.5 percent in November.

For the year, the savings rate dipped to 4.4 percent from 5.3 percent in 2010. The savings rate had fallen to 1.5 percent in 2005, reflecting a housing boom that made people feel like spending more and saving less.

The December report showed that prices tied to consumer spending edged up 0.1 percent in December and were up 2.4 percent compared to a year ago. This is the preferred inflation measure for the Federal Reserve.

The Fed last week established an annual inflation target of 2 percent.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-30-Consumer%20Spending/id-55319a9857714fa5a726a0677e21405b

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'Xperia P' branding rumored for Sony LT22i 'Nypon'


Android Central
 

Some more evidence has cropped up this morning to suggest that Sony (Ericsson) is moving forwards with a letter-based naming scheme for its 2012 line-up. Just like last week, when we saw suggestions that the entry-level ST25i 'Kumquat' looked set to become the Xperia U, a recent listing by the Indonesian telecom authority has revealed the name 'Xperia P' or Sony's purported mid-range offering, the LT22i 'Nypon'.

Rumored specs for the 'Nypon' include a 1GHz dual-core processor, a 4-inch qHD (960x540) Reality Display and an 8MP EXMOR R camera. According to the recently-leaked roadmap, the device may be due for release as early as April, at a €370 price point.

Whatever the case, we'll be hoping to get our first look at the Xperia P, or whatever it's called, at Mobile World Congress in just a few weeks.

Source: e-POSTEL; via: XperiaBlog



Source: http://feedproxy.google.com/~r/androidcentral/~3/tiULgU5lGwI/story01.htm

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Mad Catz Cyborg M.M.O.7 gaming mouse now on sale, F.R.E.Q 5 headset hits pre-order

Mad Catz Cyborg M.M.O.7 gaming mouse now on sale, F.R.E.Q 5 headset hits pre-order

Gamers looking for some hardware assistance can breathe a sigh of relief; Mad Catz's latest eye-catching forays into gaming mice and headsets are almost, if not already, upon us. The Cyborg M.M.O.7 mouse (£130) manages to offer up 78 definable commands beneath those eye-catching metallic hues and is available to buy now, while its F.R.E.Q 5 headset ($150) has hit pre-order on the manufacturer's site. Acronym-loving thrill-seekers can check out both at the source below.

Mad Catz Cyborg M.M.O.7 gaming mouse now on sale, F.R.E.Q 5 headset hits pre-order originally appeared on Engadget on Mon, 30 Jan 2012 08:15:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/1PXK9IYx8o8/

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Sunday, January 29, 2012

29 Chinese missing after militant attack in Sudan

(AP) ? Militants apparently captured 29 Chinese workers after attacking a remote worksite in a volatile region of Sudan, and Sudanese forces were increasing security for Chinese projects and personnel there, China said Sunday.

China has close political and economic relations with Sudan, especially in the energy sector.

The Foreign Ministry in Beijing said the militants attacked Saturday and Sudanese forces launched a rescue mission Sunday in coordination with the Chinese embassy in Khartoum.

The Ministry's head of consular affairs met with the Sudanese ambassador in Beijing and "urged him to actively conduct rescue missions under the prerequisite of ensuring the safety of the Chinese personnel," the statement said.

In Khartoum, a Chinese embassy spokesman said the northern branch of the Sudan People's Liberation Movement announced that 29 Chinese workers had been captured in the attack. The spokesman, who asked not be identified, gave no other details and it wasn't clear if the militants had demanded conditions for their return.

Other details weren't given. The official Xinhua News Agency cited the state governor as saying the Sudan People's Liberation Movement attacked a road-building site in South Kordofan and seized the workers.

The Sudan People's Liberation Movement are a guerrilla force that has fought against Sudan's regime. Its members hail from a minority ethnic group now in control of much of South Sudan, which became the world's newest country only six months ago in a breakaway from Sudan.

Sudan has accused South Sudan of arming pro-South Sudan groups in South Kordofan. The government of South Sudan has called such accusations a smoke screen intended to justify a future invasion of the South.

China has sent large numbers of workers to potentially unstable regions such as Sudan and last year was forced to send ships and planes to help with the emergency evacuation of 30,000 of its citizens from the fighting in Libya.

China has consistently used its clout in diplomatic forums such as the United Nations to defend Sudan and its longtime leader Omar al-Bashir. In recent years, it has also sought to build good relations with leaders from the south, where most of Sudan's oil is located.

Chinese companies have also invested heavily in Sudanese oil production, along with companies India and elsewhere.

___

Associated Press writer Mohamed Saeed contributed to this report from Khartoum.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-29-AS-China-Sudan/id-1d46cda9ed1745119bbe4aeecdcacb07

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Feds: 'Mob Wives' dad charged in NYC case

NEW YORK CITY -- DEA and FBI agents arrested four alleged?members of the Bonanno organized crime family early Friday on charges that include racketeering, gambling and drug sales, NBC New York has learned.? The father of a "Mob Wives" reality show star was also charged in the federal case.

Vincent Badalamenti, identified as a member of the Bonanno crime family administration, Nicholas Santora, a Bonanno family capo, Vito Balsamo, an acting captain, and Anthony Calabrese, a soldier, were arrested Friday and are are charged with racketeering, extortion, illegal gambling, and conspiracy to distribute marijuana, a law enforcement official said.


Anthony Graziano -- a Bonanno family captain whose daughter Renee Graziano stars on the reality show? "Mob Wives" -- was also charged.? Graziano was already in custody on a prior conviction.

Read original story on NBCNewYork.com

Also arrested was James Laforte, an associate of the Gambino crime family, the official said.

All five men entered pleas of not guilty in federal court.? Calabrese and Balsamo were released on $1.5 million bail, which includes home confinement and electronic monitoring.?

Investigators used electronic and physical surveillance and cooperating witnesses in the investigation.

If convicted, each defendant faces up to 20 years in prison.

The arrests are the latest in the federal government's investigation of the Bonanno crime family which has resulted in the prosecution of more than 175 members and associates of the family, officials said.

So far, more than 10 Bonanno family bosses, acting bosses and administration members have been convicted.

The suspects are due back in court on Feb. 7.

More content from msnbc.com and NBC News

Source: http://usnews.msnbc.msn.com/_news/2012/01/27/10253124-feds-mob-wives-dad-charged-in-nyc-racketeering-case

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Saturday, January 28, 2012

The twisty road to US-Pakistan re-engagement

Pakistan has closed crucial roads used to ferry supplies to U.S and NATO troops in Afghanistan -- leaving Pakistani drivers stranded and driving up the U.S. price tag for the war. NBC's Amna Nawaz reports from Peshawar.

??
PESHAWAR, Pakistan ? The ring road in Peshawar is a rough ride: navigating certain stretches means dodging enormous potholes, steering clear of steep ditches and swerving to avoid the occasional brave soul who darts from one side of the road to the other.

Yet this has been, for the last decade, one of the main arteries on which convoys of trucks carrying supplies for U.S. and NATO forces have made their way into Afghanistan. Those ground lines of communication that run from Karachi's ports to two border crossings in Pakistan have been a fundamental part of the U.S.-Pakistan relationship, as has the air line of communication.

When the U.S.-Pakistan alliance was tested once again in late November after a U.S. cross-border air strike that killed 24 Pakistani soldiers, Pakistan reacted by shutting down the ground supply routes ? a step they've taken before in protest to U.S. actions. The air lines of communication remain open.

But access to those crucial land routes has never been denied to the U.S. for this long, and the two accounts from the U.S. and the Pakistan military of the cross-border strike that prompted their closure are so starkly different that it's hard to see how they can be reconciled.


Even though the Americans have reduced their dependence on Pakistan's roads over the last few years by using alternative routes running through Russia and Central Asia, the cost of moving goods via air and on that northern route is much greater ? reportedly six times more a month ? than using Pakistan's routes.

Asif Hassan / AFP - Getty Images

This photograph taken on Dec. 18, 2011 shows a general view of the NATO supply of oil tankers stand parked near oil terminals in Pakistan's port city of Karachi.

It now costs about $104 million per month to send supplies through the longer northern route, according to Pentagon figures shown to the Associated Press. That is $87 million more than when the cargo was shipped through Pakistan.

Pakistan's government is conducting its own internal review of the alliance with the U.S., and officials here say no decision will be made about the supply lines until that review is complete and recommendations have been discussed by the government. Already, however, there are forces at work within Pakistan's religious and political parties to prevent the government from reopening those lines and re-engaging on the same level with the U.S.

Issue of nationalism
At a recent rally in Rawalpindi for the Pakistan Defense Council, made up of dozens of religious and political parties, leaders mentioned the NATO supply lines with the same fervor as they did deeply nationalistic issues such as divided Kashmir and the country?s nuclear weapons. The crowd of thousands cheered as speaker after speaker threatened that there could be countrywide protests should the government decide to reopen the supply lines.

"The NATO supply lines should not be restored at any cost," said Mohammad Abdullah Gul, chairman of the National Youth Conference and a member of the Pakistan Defense Council.

"Even if the government restores (them), we are not going to accept it. The people of Pakistan, we are going to mobilize. From Khyber to Karachi, they will be mobilized and they will stop the NATO supply lines," he said.

Retired Col. Nazir Ahmed is the spokesman for Jamaat-ud-Dawa, an organization which he describes as having a "purely Islamic platform."

He said that the NATO supply lines were "rightly" blocked, and should stay blocked "forever," unless the U.S. "comes to us on the basis of equality."

He was particularly outraged by the recent cross-border attack.

Asif Hassan / AFP - Getty Images

This photograph taken on Dec. 18, 2011 shows NATO's supply of oil tankers stand parked near oil terminals in Pakistan's port city of Karachi.

"After the aggression that the Americans committed on the Pakistan Army?? They slaughtered and killed so many Muslim soldiers," said Nazir. "Every country has the right to defend its borders and its ideology."

For this segment of the population ? frustrated by what they see as a decade of subservience to American policy in a deeply unpopular war here ? a decision to reopen the supply lines is tantamount to a decision to put U.S. interests ahead of Pakistan's.

That sentiment felt by a growing number of Pakistanis who think the relationship with the U.S. has not benefitted their own country will make it difficult for Pakistan's leaders to publicly re-engage with the U.S., and reopen the supply lines in the same manner and under the same conditions as before.

Both U.S. and Pakistani officials say they remain committed to their alliance. How the NATO supply routes will fit into that alliance, however, is yet to be seen.

?

Source: http://worldblog.msnbc.msn.com/_news/2012/01/27/10251855-the-twisty-road-to-us-pakistan-re-engagement

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New biodiversity map of Andes shows species in dire need of protection

ScienceDaily (Jan. 26, 2012) ? The Andes-Amazon basin of Peru and Bolivia is one of the most biologically rich and rapidly changing areas of the world. A new study published in BioMed Central's open access journal BMC Ecology has used information collected over the last 100 years by explorers and from satellite images which reveals detailed patterns of species and ecosystems that occur only in this region. Worryingly, the study also finds that many of these unique species and ecosystems are lacking vital national level protection.

Endemic species are restricted to a specific area and occur nowhere else. These species are especially vulnerable to climate and environmental changes because they require unique climates and soil conditions. This makes them an ideal indicator for measuring biodiversity.

A multinational team from the United States, Bolivia, Peru, and other countries mapped a wide range of ecosystems in Bolivia and Peru, from the wetlands of Beni savanna and the Iquitos v?rzea, to the bone dry xeric habitats of inter-Andean valleys, and the cool and humid montane forests along much of the eastern Andean slope. Over 7000 individual records of endemic species locations for 115 birds, 55 mammals, 177 amphibians and 435 plants were combined with climate data (WorldClim), topography (NASA's SRTM), and vegetation (NASA's MODIS satellite sensor), resulting in species distribution maps, accurate to 1km.

Analysis of the maps showed that the highest concentration of endemic birds and mammals was along a narrow band of the Andes mountains, between 2500 and 3000m above sea level. Endemic amphibian species peaked at 1000 to 1500m and were especially concentrated in southern Peru and northern Bolivia. One of the areas that had the highest levels of 'irreplaceability' and highest number of species for birds and mammals, is an unprotected region surrounding the small World Heritage Site of Macchu Pichu (Cordillera de Vilcabamba, Peru).

Disturbingly, the authors found that a total of 226 endemic species have no national protection and about half of the ecological systems have 10% or less of their range protected. Additionally only 20% of the areas with high numbers of endemic species and 20% of the irreplaceable areas are currently protected.

Dr Jennifer Swenson, from Duke University, who led the research said, "Biodiversity in the Andes is under threat from oil and gold mining, infrastructure projects, illegal crops, and many other activities. There is already evidence of species migrating upslope to keep up with climate change in this region. Conservation across the Andes needs urgent revising and we hope that our data will help protect this incredibly unique region."

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Story Source:

The above story is reprinted from materials provided by BioMed Central Limited, via AlphaGalileo.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Jennifer J Swenson, Bruce E Young, Stephan Beck, Pat Comer, Jesus H Cordova, Jessica Dyson, Dirk Embert, Filomeno Encarnacion, Wanderley Ferreira, Irma Franke, Dennis Grossman, Pilar Hernandez, Sebastian K Herzog, Carmen Josse, Gonzalo Navarro, Victor Pacheco, Bruce A Stein, Martin Timana, Antonio Tovar, Carolina Tovar, Julieta Vargas and Carlos M Zambrana-Torrelio. Plant and animal endemism in the eastern Andean slope: Challenges to conservation. BMC Ecology, 2012 DOI: 10.1186/1472-6785-12-1

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://www.sciencedaily.com/releases/2012/01/120126223929.htm

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Friday, January 27, 2012

Mortgage rates for the past 52 weeks, at a glance (AP)

Mortgage rates for the past 52 weeks, at a glance - Yahoo! News Skip to navigation ? Skip to content ? AP By The Associated Press The Associated Press ? 1?hr?44?mins?ago
The average rate on a 30-year fixed mortgage rose to 3.98 percent, Freddie Mac said Thursday. It was the first increase in four weeks and up from last week's record low of 3.88 percent.
Here's a look at rates for fixed- and adjustable-rate mortgages over the past 52 weeks:
Current week's average Last week's average 52-week high 52-week low
30-year fixed 3.98 3.88 5.05 3.88
15-year fixed 3.24 3.17 4.29 3.16
5-year adjustable 2.85 2.82 3.92 2.82
1-year adjustable 2.74 2.74 3.40 2.74
All values are in percentage points.
Source: Freddie Mac Primary Mortgage Market Survey.
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  • Copyright ? 2012 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.

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

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    Thursday, January 26, 2012

    With UFC on Fox 2 on deck, UFC on Fox 3 taking shape on same night as proposed Floyd Mayweather fight

    The Fox/UFC deal is moving ahead full bore.

    Heavy promotion for this weekend's second network TV card is underway, a cool new commercial with Jon Jones debuted over the weekend and last night, Dana White confirmed fights for the next MMA appearance on Fox.

    That May date is interesting because it's the same night Floyd Mayweather is planning on fighting on pay-per-view in Las Vegas.

    Mayweather got out of his 90-day jail sentence by saying he had a contracted fight for May 5. He has to fight that night or he violates the terms of his agreement. Mayweather is now due to check into the Clark County Detention Center on June 1.

    Before anyone starts asking why the UFC is competing with a huge boxing PPV, the MMA card starts much earlier and ends before the Mayweather tilt would begin at roughly 11:30 p.m. ET. It serves as a great fight night for combat sports fans.

    Miller gets to fight in his backyard in East Rutherford, N.J. He grew up in nearby Sparta.

    From a contender standpoint Diaz, is an obvious choice. From a promotional standpoint, he presents a challenge. He's nowhere near as truculant as his brother Nick, but it's been established Nate isn't exactly fond doing tons of media work either. It should be interesting to follow how the 26-year-old handles some of the extra duties that come with fighting on network television.

    The UFC's recent visits to the Garden State were at The Prudential Center. It appears nothing is currently scheduled at "The Rock" on on that Saturday night. It is a busy week though with Bruce Springsteen playing the arena on Tuesday and Friday night nouses The Red Hot Chili Peppers.

    The card will also include the UFC mini-tournament in the new 125-pound weight class. John Dodson will face Darren Uyenoyama.

    Source: http://sports.yahoo.com/blogs/mma-cagewriter/ufc-fox-2-days-away-ufc-fox-3-160100858.html

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    Fed says no rate hikes until at least late 2014 (Reuters)

    WASHINGTON (Reuters) ? The U.S. Federal Reserve on Wednesday said it will not raise interest rates until at least late 2014, even later than investors expected, in an effort to support a sluggish economic recovery.

    Without making major shifts to its outlook for the economy, the central bank described the unemployment rate as still elevated and said it expects inflation to remain at levels consistent with stable prices.

    It depicted business investment as having slowed, dowgrading its assessment from the December meeting.

    Economic conditions "are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014," the central bank said in a statement.

    Richmond Fed President Jeffrey Lacker, an inflation hawk who rotated into a voting seat this year, dissented against the decision. He preferred to omit the description of the time period for ultra-low rates.

    As part of an effort to provide more insight on its thinking to financial markets and the public, the Fed later on Wednesday will begin publishing individual policymakers' projections for the appropriate path of the benchmark federal funds rate. That release is scheduled for 2 p.m. (1900 GMT)

    If the Fed can convince financial markets it will be on hold longer than they had anticipated, long-term interest rates could drop as investors price in the new information.

    "A significant contingent of the committee views this exercise not so much as a process improvement but more as an opportunity to ease again via the forward rate communications channel," Stephen Stanley, an economist at Pierpoint Securities, said ahead of the Fed's announcement.

    There is also the possibility that officials will announce an explicit inflation target, perhaps a hard marker of 2 percent or a range of 2 percent or a bit below. The Fed has been debating a statement on its long-run goals, but whether one will be released on Wednesday is unclear.

    While forecasters expect the U.S. economy grew at a 3 percent annual rate in the last three months of 2011, they look for growth of just around 2 percent this year.

    Fed officials appear likely to bide their time in determining whether more monetary stimulus is needed. Many economists expect they will eventually decide on another spurt of Fed bond buying - probably one focused on mortgage debt.

    In response to the deepest recession in generations, the Fed slashed the overnight federal funds rate to near zero in December 2008. It has also more than tripled the size of its balance sheet to around $2.9 trillion through two separate bond purchase programs.

    The policy is credited with having prevented an even more devastating downturn, but it has been insufficient to bring unemployment down to levels considered normal during good economic times.

    In December, the U.S. jobless rate stood at 8.5 percent, and some 13 million Americans were still actively looking for work but could not find it.

    Analysts said the Fed's shift in communications will put an even greater emphasis on a post-meeting news conference by Fed Chairman Ben Bernanke set for 2:15 p.m. (1915 GMT).

    "The chairman is likely to remain non-committal to any additional policy easing, but he is likely to reinforce the Fed's commitment to 'review the size and composition of its securities holdings' and be 'prepared to adjust those holdings as appropriate,'" said Millan Mulraine, senior macro strategist at TD Securities.

    (Editing by Tim Ahmann and Andrea Ricci)

    Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120125/bs_nm/us_usa_fed

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    Buffett's secretary, young cancer survivor among State of the Union ...

    Washington (CNN) ? Warren Buffett?s symbolically famous secretary and a young cancer survivor who has benefited from the new health care law are among the guests First Lady Michelle Obama will host at the State of the Union Tuesday night.

    Debbie Bosanek, Buffett?s secretary for over 20 years who has become a symbol for proponents of tax reform, is among those who will get a primetime hat tip from the president, according to White House Communications Director Dan Pfeiffer.

    Though not a household name, Obama has repeatedly trumpeted Bosanek as an example of tax inequality: though making significantly less money than her billionaire boss, she pays a higher percentage of taxes because her wages are derived from a salary while the majority of Buffett?s come from investments. Currently, investment income is taxed at 15 percent while ordinary income can be taxed as high as 35 percent. (CNNMoney: The economics behind the Buffett Rule)

    Buffett himself has said this is unfair and the president will re-propose what the White House has called the ?Buffett Rule? ? a proposal that would raise taxes on certain wealthy individuals who derive their yearly income from capital gains and thus pay a far lower rate than many middle class workers. Obama first proposed the plan last fall but did not provide details on exactly how the tax code should be restructured to achieve his proposal.

    Update: Full list of guests after the jump

    Also in the first lady?s box will be 23 year-old Adam Rapp of Illinois who was diagnosed with testicular cancer last April. Rapp was able to take advantage of the new health care law?s allowance for young adults to remain on their parent?s plan until age 26 and is now cancer free after undergoing chemotherapy.

    Also on hand Tuesday night will be astronaut Mark Kelly, the husband of Arizona Rep. Gabrielle Giffords

    In modern history, the First Lady?s box at the State of the Union is routinely used to host Americans with historic achievements over the past year or those who help illustrate a point the president wants to make..

    The White House is expected to release the full guest list this afternoon.

    Guest List for the First Lady?s Box

    State of the Union Address

    JANUARY 24, 2012

    First Lady Michelle Obama

    Dr. Jill Biden

    Valerie Jarrett, Senior Advisor to the President

    The following individuals will be seated in the box with the First Lady and Dr. Biden at the State of the Union Address:

    SGT Ashleigh Berg, USA

    Malibu, California

    SGT Ashleigh Berg is from Malibu, California, and joined the United States Army in July of 2004. SGT Berg has been stationed in South Korea and Germany, and has served two tours of duty in Iraq. Her husband, SGT Matthew Berg, USA is currently deployed to Afghanistan on his 3rd combat tour. SGT Berg is currently assigned to the 94th Army Missile Defense Command in Fort Shafter Hawaii, and is serving a three year tour as the Commanding General?s Executive Administrative assistant.

    Alicia Boler-Davis

    Plant Manager, General Motors Orion Assembly

    Detroit, Michigan

    Alicia Boler-Davis lives in Detroit with her husband, Fitzgerald, and their two young sons. She is the plant manager at General Motors Orion Assembly and Pontiac Stamping, and is responsible for overseeing the production of the first new small car program from General Motors to be manufactured in the United States. Last October, Ms. Boler-Davis led President Obama and President Lee of South Korea on a tour of the General Motors Orion Assembly and Pontiac Stamping. President Obama and President Lee traveled to the GM plant to highlight the free trade agreements and the resurgence of the American auto industry.

    Debbie Bosanek

    Assistant, Berkshire Hathaway

    Bellevue, Nebraska

    A Nebraska native, Debbie Bosanek has worked for Berkshire Hathaway for 37 years and has been Warren Buffett?s secretary for almost two decades. Last September, the President proposed the ?Buffett Rule? as part of comprehensive tax reform, and is working to build an economy that works for everyone, including Americans like Ms. Bosanek, not just a wealthy few. Ms. Bosanek lives in Bellevue, Nebraska with her husband of 23 years and their son, and spends most of her time and energy trying to keep up with her boss.

    Jackie Bray

    Process Operator at the Siemens Charlotte Energy Hub

    King's Mountain, North Carolina

    Jackie Bray is a single mother from King?s Mountain, North Carolina. Last January she was laid off from her job as a high speed packaging mechanic. That is when she enrolled in Central Piedmont Community College to prepare for Siemens pre-hiring test. After finishing the course and passing the test, Ms. Bray was hired by Siemens in August of 2011. This type of partnership between businesses and community colleges is exactly what President Obama hopes to strengthen to maximize workforce development strategies, job training programs, and job placements. Ms. Bray now works as a process operator, combining her machinist background with new skills she has been trained on since working at Siemens: laser training, robotics training, penetrant inspection training, and product orientation.

    Mayor Juli?n Castro
    San Antonio, Texas

    Mayor Castro was first elected mayor of San Antonio in 2009 and at 37 years old is the youngest mayor of a top 50 American city. He is a former city councilman and founder of a law firm. He graduated from Stanford University and earned his J.D. from Harvard Law School in 2000. During his Administration, the Milken Institute ranked San Antonio as the best-performing city in the nation in 2011. In January 2012, Mayor Castro announced that CPS Energy, a municipally-owned utility, has entered negotiations to bring at least 800 jobs and $100 million in capital investment to San Antonio. This is expected to be one of the nation?s largest solar projects resulting in 400 megawatts of zero-emissions solar energy.

    Bruce Cochrane

    President and CEO of Lincolnton Furniture

    Lincolnton, North Carolina

    Bruce Cochrane comes from a family that has manufactured furniture in North Carolina for decades, but when Cochrane Furniture was sold in 1997, the new owners moved manufacturing to China. Two years ago, Mr. Cochrane decided the time had come to start his own furniture company back in his home state. In January 2012, production began at Lincolnton Furniture in the same plant his family once ran. Lincolnton Furniture is expected to add 130 new jobs to the area. Mr. Cochrane attended President Obama?s Insourcing American Jobs Forum earlier this month.

    Sara Ferguson

    Teacher, Columbus Elementary
    Parkside, Pennsylvania

    Sara Ferguson teaches literacy and math at Columbus Elementary, and has worked for the Chester Upland School District for 20 years. She is a third generation educator in Chester Upland, and a proud product of that district. When the Chester Upland School District faced bankruptcy earlier this year in light of severe state budget cuts, Ms. Ferguson vowed to continue teaching even without being paid, saying ?we are adults; we will make a way. The students don?t have any contingency plan. They need to be educated, so we intend to be on the job.?

    Dr. Hiroyuki Fujita

    Founder, President and CEO Quality Electrodynamics

    Cleveland, Ohio

    Dr. Hiroyuki Fujita is founder, president and chief executive officer of Quality Electrodynamics (QED), in Cleveland, Ohio. Coming to America from Japan in 1988 and after receiving his Ph.D. in physics from Case Western Reserve University in 1998, Dr. Fujita chose to continue his professional training in America. In 2006 he started his own company, QED, which is a developer and manufacturer of highly proprietary state-of-the-art MRI radiofrequency antennas. QED is now one of the world?s largest suppliers of these products and ships throughout the globe. In 2010, Dr. Fujita founded his second company, eQED, a solar energy-related electronics development and manufacturing company. With the founding of both QED and eQED, today Dr. Fujita is creating high tech, advanced manufacturing jobs in the healthcare and energy sectors in the United States.

    Mahala Greer

    Student

    Denver, Colorado

    Mahala Greer grew up in Paonia, a small town in rural Colorado. She is currently a student at the University of Colorado Denver majoring in Spanish, and has just been accepted into Teach for America as a Bilingual Education Corps Member. In May she will graduate with more than $35,000 in student loans. Last October, Ms. Greer introduced President Obama when he spoke to students at CU Denver about how his Administration is working to make college more affordable and reduce student loan debt.

    Adrienne Howard

    San Diego, California

    Adrienne Howard is a military spouse from Lynchburg, Virginia, and currently lives in San Diego, California with her three children. Her husband, Commander Colby Howard, USN, is currently on a seven month deployment. Mrs. Howard has moved 14 times during her husband's career, and their oldest child has attended 9 different schools along the way. For nearly 20 years, she has been heavily involved as a volunteer in family readiness groups and Navy spouse organizations. This past September, Mrs. Howard was inspired by First Lady Michelle Obama and Dr. Jill Biden's Joining Forces initiative to reach out to her community, and the response was overwhelming. Mrs. Howard shared her story of rallying her community to 'adopt' a Sailor on the Joining Forces Blog.

    Mike Krieger

    Co-founder Instagram

    San Francisco, California

    Mike Krieger is the co-founder of Instagram, the fastest growing social mobile startup in the U.S. today, with over 15 million registered users. Mike was born in S?o Paulo, Brazil, and moved to California in 2004 to attend Stanford University, where he studied computer science and cognitive science. In 2010, he joined up with Kevin Systrom to co-found Instagram, and now employs a talented, growing team of designers and engineers. After graduation, Mr. Krieger worked for a year on his student F-1 visa, later applying for and receiving an H-1B visa as a high-skill worker. Mr. Krieger wants to permanently stay in the U.S. and has applied for a green card.

    Captain Mark Kelly, USN, Ret.

    Mark Kelly is an American astronaut, retired US Navy Captain, best-selling author, and an experienced naval aviator who flew combat missions during the Gulf War. The winner of many awards, including the Legion of Merit, two Defense Superior Service Medals and two Distinguished Flying Crosses, Kelly was selected as an astronaut in 1996. He flew his first of four missions in 2001 aboard Space Shuttle Endeavour, the same space shuttle that he commanded on its final flight in May 2011. He has also commanded Space Shuttle Discovery and is one of only two individuals who have visited the International Space Station on four different occasions.

    Already a celebrated American, Kelly became the center of international attention after the January 2011 assassination attempt on his wife, US Congresswoman Gabrielle Giffords. In their best-selling memoir, Gabby, the couple shares their story of hope and resilience with the world.

    Lorelei Kilker

    Analytical Chemist

    Brighton, Colorado

    Lorelei Kilker is an analytical chemist for an environmental laboratory, and lives in Brighton, Colorado with her domestic partner and their two children. In October of 2011, Ms. Kilker was one of a class of women who benefitted from the Equal Employment Opportunity Commission?s (EEOC) investigation of alleged systematic sex discrimination at her former employer that resulted in the award of back wages and significant remedial relief, arrangements that were achieved through a cooperative process between the employer and EEOC. Since the creation of the President?s Equal Pay Task Force in January 2010, EEOC obtained almost $50 million in monetary relief through administrative enforcement for victims of sex-based wage discrimination, obtained changes to workplace practices that benefit over one quarter of a million workers, and filed five cases including sex-based wage discrimination claims.

    Admiral William McRaven, USN

    Admiral McRaven assumed command of the Joint Special Operations Command (JSOC) on June 13, 2008. Prior to assuming command, he served from June 2006 to March 2008 as commander, Special Operations Command Europe (SOCEUR). In addition to his duties as COMSOCEUR, he was designated as the first director of the NATO Special Operations Forces Coordination Centre (NSCC), where he was charged with enhancing the capabilities and inter-operability of all NATO Special Operations Forces.

    Adm. McRaven has commanded at every level within the special operations community, including assignments as deputy commanding general for operations at JSOC, commodore of Naval Special Warfare Group 1, commander of SEAL Team 3, task group commander in the CENTCOM area of responsibility, task unit commander during Desert Storm and Desert Shield, squadron commander at Naval Special Warfare Development Group, and SEAL platoon commander at Underwater Demolition Team 21/SEAL Team 4.

    Adm. McRaven?s diverse staff and interagency experience includes assignments as the director for Strategic Planning in the Office of Combating Terrorism on the National Security Council Staff, assessment director at U.S. Special Operations Command, on the Staff of the Chief of Naval Operations and the chief of staff at Naval Special Warfare Group 1.

    Adm. McRaven?s professional education includes assignment to the Naval Postgraduate School, where he helped establish and was the first graduate from the Special Operations/Low Intensity Conflict curriculum.

    Joan Milligan

    Orlando, Florida

    As deep rooted Orlando, Florida, residents, Joan Milligan and her husband Bill share a strong commitment to their community and volunteering. Faced with losing their home, President Obama?s Home Affordable Refinance Program (HARP) allowed Joan and her husband to refinance their existing loan when other means of refinancing were not open to them. As Mrs. Milligan has said, ?I can?t believe how easy the process was. The bank bent over backwards to accommodate us?. The Milligans will celebrate 50 years of marriage in October 2012.

    Amber Morris

    Virginia Beach, Virginia

    Amber Morris, a Virginia Beach resident, responded to the White House?s call in December asking Americans ?What does 40 mean to you?? saying, ?Forty dollars a pay check means that I'll be able to pay my bills, but most months it'll be a tight squeeze. It means that I'll have no spending money which means I can't do my part in encouraging my local economy. Forty dollars a paycheck may not seem a lot, but it could mean a steady job for me and my coworkers or unemployment.? Ms. Morris graduated from Northeastern Law School in 2008 and found herself unable to find a job in her field. She was working for a non-profit in Boston, but after they lost funding she found herself unemployed in 2009 and forced to move back home with her parents. She?s since found work as a waitress in a local restaurant and although it?s less than ideal, she feels ?lucky to have paycheck? to help pay student loans and help save up for the Virginia bar exam.

    Laurene Powell Jobs

    Founder and Chair of Emerson Collective

    Palo Alto, California

    Ms. Laurene Powell Jobs is founder and chair of Emerson Collective, an organization focused on harnessing the potential of individuals from underserved communities to help them build a better life.

    Ms. Powell Jobs also serves as president of the board of College Track, an after-school program she founded in 1997 to prepare underserved high school students for success in college. Started in East Palo Alto, College Track has expanded to serve students in Oakland, San Francisco, New Orleans and Aurora, Colorado. The program?s intensive academic and extracurricular program is designed to ensure admittance to and graduation from college. All of the program's graduates have completed their secondary education and gone on to college.

    In addition to her work with the Emerson Collective and College Track, she serves on the boards of directors of NewSchools Venture Fund, New America Foundation and Conservation International. She also serves as a member of the Council on Foreign Relations.

    Ms. Powell Jobs holds a BA and a BSE from the University of Pennsylvania and an MBA from the Stanford Graduate School of Business. Earlier in her career, she spent several years working in investment banking and later co-founded a natural foods company in California.

    Adam Rapp

    Fall Creek Township, Illinois

    Adam Rapp lives in Fall Creek Township, Illinois, and is the only child of Stephen and Lisa Rapp. On his 23rd birthday, he was diagnosed with cancer, and without the Affordable Care Act he would have lost health insurance coverage the same day. Adam?s mother wrote President Obama a letter last May thanking him for passing the health reform law so that her son could remain on their health insurance policy. After undergoing treatment, Mr. Rapp is now cancer-free and engaged to be married to Adrienne Mast of Quincy, Illinois.

    Juan Jose Red?n

    Attorney

    North Hollywood, California

    Juan Jose Red?n was born in Ixtapan de la Sal, Mexico before coming with his mother and younger sister to the United States at the age of 10. After enduring many challenges throughout his journey to achieve his dream of higher education. Juan benefited from California's Assembly Bill 540 and was able to enroll, and excel, in his studies at UCLA. He received both his undergraduate (with honors) and law degrees from UCLA. Now a US citizen and a practicing attorney, Juan is as passionate as ever about ensuring educational access to all.

    Bryan Ritterby

    Lab Technician

    Holland, Michigan

    Bryan Ritterby had been in the furniture manufacturing industry for more than 25 years working on the manufacturing floor, in the quality department and as a field service representative, but was laid off in February of 2009. Mr. Ritterby then went through the Grand Rapids Community College Composite Technician Training Program in conjunction with a new start-up company, Energetx Composites. Upon completion of the program, Mr. Ritterby was hired by Energetx Composites as a composite technician in April of 2010. Today, Mr. Ritterby is a Lab Technician for Energetx Composites conducting material tests in the company?s laboratory verifying materials to be used in wind turbine blades, as well as working on blade validation tests for all of the community scale wind blades Energetx is manufacturing.

    Colonel Ginger Wallace, USAF

    McLean, Virginia

    Colonel Ginger Wallace is an Air Force intelligence officer who has led airlift and intelligence operations during Operations SOUTHERN WATCH, PROVIDE RELIEF, UPHOLD DEMOCRACY, ALLIED FORCE, ENDURING FREEDOM and IRAQI FREEDOM. She currently lives in McLean, Virginia with her partner of over a decade, Kathy Knopf. In December, Ms. Knopf attended Col. Wallace?s promotion ceremony and participated in the ?pinning on? of Col. Wallace?s rank, marking the first such event reported following the repeal of "Don't Ask, Don't Tell.? Col. Wallace is currently training to deploy to Afghanistan in the Spring 2012 through the Afghanistan-Pakistan Hands program.

    Full guest list provided by the White House:

    ###

    Source: http://whitehouse.blogs.cnn.com/2012/01/24/buffetts-secretary-young-cancer-survivor-among-state-of-the-union-guests/

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    Wednesday, January 25, 2012

    Oil hovers near $99 as Iran boycott expands (AP)

    BANGKOK ? Oil prices hovered near $99 a barrel Wednesday, a day after Australia announced it was joining a boycott by Western nations against Iran, the world's No. 3 oil exporter, over a suspected nuclear weapons program.

    Benchmark crude for March delivery was down 6 cents to $98.89 per barrel in the late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 63 cents to end at $98.95 in New York on Tuesday.

    Brent crude for March delivery was up 31 cents at $110.34 a barrel on the ICE Futures Exchange in London.

    Australian Foreign Minister Kevin Rudd announced Tuesday during a trip to London that his government had decided to follow the European Union, which announced Monday it would ban the import of Iranian crude starting in July.

    The initiative to use oil to force Iran back to nuclear talks began last month, when the U.S. enacted new sanctions targeting Iran's central bank and its ability to sell petroleum abroad. The U.S. doesn't buy Iranian oil, but the new sanctions make it harder for Iran to sell crude.

    Asian countries, already Iran's biggest customers, aren't joining the Europeans in banning Iranian crude. The move has been harshly criticized by oil-ravenous China, which is believed likely to sop up any excess Iranian crude at advantageous prices.

    Meanwhile, analysts said that oil prices, amid expectations of tightening supplies, would remain somewhat elevated until the dust settles.

    "There are other nations that will be boycotting Iran. That is probably adjusting market expectations of tighter supplies," said Natalie Robertson, a commodities analyst with ANZ Banking Group in Melbourne.

    "There is going to be a rebalancing. Iran will have to find new customers for its crude since its usual customers are cutting down imports. During that period, there is going to be some time while the market adjusts to the imbalances, and that is what is keeping prices supported."

    In other energy trading, heating oil rose 0.8 cent to $3.02 per gallon and gasoline futures were up 0.7 cent at $2.82 per gallon. Natural gas rose 5.5 cents to $2.61 per 1,000 cubic feet.

    Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20120125/ap_on_bi_ge/oil_prices

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    Is Democratic Socialism the Next Step in Our Political Evolution? (ContributorNetwork)

    COMMENTARY | The last few months have seen some of the most prominent symbols of authoritarian communism falling. Protests have fired up in Russia against the almost dictatorial rule of Vladimir Putin (a former KGB officer and Communist Party of the Soviet Union elite). Allegations of election fraud and ballot-stuffing abound, and the people of Russia are now clamoring for real democracy.

    Kim Jong-il has passed away and signals a change in regime of what USA Today calls "the world's last hardline communist state." While nobody is expecting a fair and free election in North Korea, the regime is changing. And the Glorious Successor Kim Jong-Un is reportedly "a whiz at computing and technology," which may open the door for freedom of information and communication in that country.

    Finally, Cuba has slowly and quietly been instituting a number of free-market reforms, including privatizing real estate and allowing loans for private entrepreneurs. The anti-U.S. rhetoric of Fidel Castro has faded as he has, and Cuba is moving slowly toward a capitalist system. It is true that capitalism and democracy won the fight for world dominance decades ago in the intellectual and political trenches of the Cold War. But the fading historical bastions of communism must force us to consider this: What is the next step of human political evolution?

    What is the next step?

    This is what we must ask ourselves. Amid the chronic corruption and inequality that the current systems have promoted, and the subsequent economic collapses and global protests that they have inspired, there are any number of choices. Disciples of Ayn Rand would argue for a more capitalistic society (and would insist that the economic failures of the past century are due to the mixing of capitalism and socialism). However, there is another option.

    Unfortunately, the words "socialism" and "communism" carry such a stigma these days that they are synonyms for unpatriotic and akin to treason (look no farther than the House Un-American Activities Committee which prosecuted members of the Communist Party at the height of the Cold War). But it cannot be ignored that all of the major communist societies in the past have also been authoritarian regimes. Communism equals authoritarian and capitalism equals democratic. This has been the norm, and thus the triumph of democracy has meant the triumph of capitalism. What has never been tried in any real way is a democratic socialist society, though it has existed in theory in the writings of various political philosophers like Erich Fromm and John Stuart Mill in his later writings.

    What the collapse of the symbols of the last authoritarian communist regimes in the world should force us to consider is, are democracy and socialism incompatible? And if not, would a democratic socialist state thrive on the global stage?

    Source: http://us.rd.yahoo.com/dailynews/rss/democrats/*http%3A//news.yahoo.com/s/ac/20120123/pl_ac/10718195_is_democratic_socialism_the_next_step_in_our_political_evolution

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    Fannie, Freddie writedowns too costly: regulator (Reuters)

    WASHINGTON (Reuters) ? The regulator for Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) told lawmakers that forcing the government-controlled mortgage firms to write down the principal on underwater home loans would require more than $100 billion in fresh taxpayer funds.

    In a letter sent on Friday to the Republican and Democratic leaders of a House of Representatives government oversight panel, the Federal Housing Finance Agency explained why it has long opposed principal reductions for borrowers who owe more than their homes are worth. In that situation, the mortgage is deemed "underwater."

    About 22 percent of U.S. home mortgages have negative equity totaling about $750 billion, meaning that about one in five U.S. home mortgages is "underwater" with the amount owed exceeding the home's value, according to CoreLogic, a financial information and analytics company based in Santa Ana, California.

    The Federal Housing Finance Agency said it had determined that such reductions would be more costly for Fannie Mae and Freddie Mac than forbearance, which was the less expensive option by comparison. The two mortgage firms have been using forbearance to help borrowers struggling to make payments.

    Forbearance lets the borrow reduce or suspend payments on a loan for a specific amount of time.

    The regulator, also known as the FHFA, has been under pressure from Democrats to permit the writedown of principal by the two government-controlled mortgage finance providers as a way to help some of the millions of U.S. homeowners whose mortgages are "underwater."

    Representative Elijah Cummings of Maryland, the top Democrat on the House Oversight and Government Reform Committee, has pushed the housing regulator to explain its thinking in deciding not to offer principal reductions.

    PRESERVING ASSETS A CONCERN

    The FHFA, however, has maintained that widespread principal forgiveness would undercut the finances of Fannie and Freddie, which have already received about $169 billion in taxpayer aid. Republicans have supported the FHFA's decision.

    "FHFA has a statutory responsibility as conservator to preserve and conserve the assets and property of the regulated entities," FHFA's acting director, Edward DeMarco, wrote in the letter to lawmakers dated January 20.

    The Obama administration wants to secure widespread principal reductions in a legal settlement between the government and some of the biggest mortgage servicers. The settlement is aimed at cleaning up alleged foreclosure abuses.

    "Given that any money spent on this endeavor would ultimately come from taxpayers and given that our analysis does not indicate a preservation of assets for Fannie Mae and Freddie Mac substantial enough to offset costs, an expenditure of this nature at this time would, in my judgment, require congressional action," DeMarco said in the letter.

    In 2008, Fannie Mae and Freddie Mac were taken over by the government as mortgage losses mounted. Millions of loans issued during the housing bubble, many of them made to subprime borrowers with spotty credit histories, soured after the housing bust -- yet they remain on Fannie's and Freddie's books. Delinquencies on those loans continue to rise.

    Fannie Mae and Freddie Mac own or guarantee roughly half of all outstanding mortgages in the United States. Of the approximately 30 million mortgages guaranteed by the two firms, close to 3 million of those loans were held by underwater borrowers as of last summer, according to an analysis provided in the letter.

    Another barrier to principal writedowns, aside from pushing losses at the two firms even higher, DeMarco said, was the cost associated with new technology and training to servicers that would be needed to launch a program that offers principal forgiveness.

    The FHFA told lawmakers that forbearance is a less costly option. Principal forbearance limits accounting losses and allows Fannie and Freddie to recoup the principal at some later point, according to the regulatory agency's letter.

    "The net result of the analysis is that forbearance achieves marginally lower losses for the taxpayer than forgiveness, although both forgiveness and forbearance reduce the borrower's payment to the same affordable level," the FHFA's letter said.

    The housing regulator also assured lawmakers that the FHFA remains committed to helping borrowers stay in their homes and will continue to work on such principal forbearance plans and government initiatives to modify or refinance loans.

    The Federal Reserve, in a white paper to Congress earlier this month, said writedowns "had the potential to decrease the probability of default" and "improve migration between labor markets."

    However, the Fed stopped short of endorsing such an initiative and noted concern that writing down loan balances would create a moral hazard - the concept that rescue efforts breed further behavior that exacerbates the existing problem - and could prompt other borrowers to stop making timely loan payments.

    (Reporting By Margaret Chadbourn; Editing by Jan Paschal)

    Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120124/bs_nm/us_usa_housing_fhfa

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    Tuesday, January 24, 2012

    US beats Venezuela 1-0 on Clark's late goal

    Jermaine Jones, Jose Velasquez

    By BOB BAUM

    updated 12:49 a.m. ET Jan. 22, 2012

    GLENDALE, Ariz. - Ricardo Clark had barely played in the last six months. His last appearance for his German second-division team came in July, and this was his first game for the U.S. national squad since August.

    Finally given a chance, he provided the goal that had eluded his team all night.

    Clark headed Jermaine Jones' corner kick into the net in the 7th minute of stoppage time and the United States beat Venezuela 1-0 in a friendly on Saturday night.

    U.S. coach Jurgen Klinsmann inserted Clark into the game in the 86th minute.

    "Ricardo came in and you could see that he was struggling because he hasn't played for many months," Klinsmann said. "He was trying hard to catch up with the group and still not there because of that long stretch. But once on the field he is a player that is technically very gifted."

    The U.S. had dominated play with nothing to show for it before Clark beat goalkeeper Jose Morales from 7 yards away for his third international goal and first since September 2009.

    Venezuela was livid at the finish, upset with a series of calls and non-calls by officials that led to a series of events concluding with the winning goal.

    Moments after Clark scored, Venezuela's Jose Velasquez was ejected with a red card. Venezuela drew four yellow cards to one for the United States.

    "For us, it was sad to give up a goal in the 98th minute," Venezuela coach Cesar Farias said. "For us, this result leaves a sour taste and the way we lost, but the experience is important."

    The first match between the countries in five years featured the "B" teams of both nations because the top players are with their professional squads.

    An exception was Jones, who is playing with the national team while serving an eight-game suspension by the German soccer federation.

    "It was a great cross," Clark said of the corner kick that led to the goal. "I found a good spot and made the most of it."

    It was Clark's first game since the United States played Mexico on Aug. 10. He last scored in international competition against Trinidad and Tobago on Sept. 9, 2009.

    The 28-year-old midfielder from Jonesboro, Ga., is ignominiously remembered for a play in the 2010 World Cup, when Ghana's Kevin-Prince Boateng stripped the ball from him and put the Black Stars ahead in the fifth minute. Ghana went on to eliminate the Americans 2-1 in overtime.

    Jones, who served as U.S. captain for the game, was suspended when the German federation concluded he had intentionally stepped on the foot of star player Marco Reus during a break in the action of a German Cup game between Jones' team Schalke and Borussia Moenchengladbach.

    The U.S. outshot Venezuela 15-6, many of the opportunities from short range, but the shots were errant, or Morales made one of his five saves.

    Even though it was a struggle, Klinsmann liked what he saw from his young players.

    "We had 10, 12 chances and they had no chances, we controlled completely and that gives them confidence," he said. "We wanted to give them a feeling of this type of game that they can play with these nations."

    Morales was shaken up after he took a knee to the left thigh from American C.J. Sapong. The goalkeeper sat on the ground for several minutes until the decision was made to leave him in the game, an incident that led to the extended stopping time that featured the winning goal.

    The United States beat a team from South America for the first time since a 3-1 win over Ecuador on March 25, 2007. The U.S. had 10 losses and three ties against teams from that continent since then.

    The U.S .improved to 3-4-1 since former German World Cup star Klinsmann took over from Bob Bradley as coach last year.

    Jones had one of the best chances for a goal but missed from point-blank range. The U.S. had also failed miserably on set plays until the game winner.

    Venezuela had a scoring shot in the 62nd minute but Carlos Salazar's header went right into the hands of goalkeeper Bill Hamid. Moments later, the U.S. squad missed another chance when Teal Bunbury's shot off a breakaway was just right of the post.

    Venezuela and the United States played for the fourth time. The U.S. leads the series 2-0-1.

    Clark's goal was only the sixth for the U.S. teams in Klinsmann's eight games as coach.

    Clark, a former player with Major League Soccer's Houston Dynamo, is with Eintracht Frankfurt but has fallen out of favor and hasn't been in a match for the team since July 25, the second game of the season.

    The United States plays Panama in Panama City on Wednesday.

    Hamid made his U.S. national team debut along with defender A.J. DeLaGarza, midfielder Graham Zusi and substitute Sapong.

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


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    First American EPL hat trick

    Clint Dempsey became the first American to score a hat trick in England's Premier League, helping Fulham rally from a halftime deficit to rout Newcastle 5-2 Saturday.

    Getty Images
    Best of the US

    Abby Wambach and Clint Dempsey are voted top players by the U.S. Soccer Federation.

    Source: http://nbcsports.msnbc.com/id/46088226/ns/sports-soccer/

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    Monday, January 23, 2012

    Karzai says he's met with Afghan insurgent faction (AP)

    KABUL, Afghanistan ? Afghan President Hamid Karzai said Saturday that he personally held peace talks recently with the insurgent faction Hizb-i-Islami, appearing to assert his own role in a U.S.-led bid for negotiations to end the country's decade-long war.

    Karzai made the announcement hours before he met with American special representative Marc Grossman to discuss progress and plans for bringing the Taliban insurgency into formal talks for the first time.

    "Recently, we met with a delegation from Hizb-i-Islami ... and had negotiations," Karzai told a meeting of the Afghan parliament. "We are hopeful that these negotiations for peace continue and we will have good results," he added.

    Karzai's statement was a reminder that any negotiations to end Afghanistan's war will be more complex than just talking to the Taliban's Pakistan-based leadership, headed by Mullah Mohammed Omar. The two other main insurgent factions in the country have their own leaders and agendas.

    Hizb-i-Islami is a radical Islamist militia that controls territory in Afghanistan's northeast and launches attacks against U.S. forces from Pakistan. Its leader, powerful warlord Gulbuddin Hekmatyar, is a former U.S. ally now listed as a terrorist by Washington.

    Based over the Pakistan border, Hekmatyar has ties to al-Qaida and has launched deadly attacks on U.S. troops in Afghanistan. Fighters loyal to Hekmatyar also have strongholds in Baghlan, Kunduz and Kunar provinces in the north and northeast Afghanistan.

    The other main insurgent group is the feared Haqqani network, which maintains close ties to both al-Qaida and the Taliban and commands the loyalties of an estimated 10,000 fighters. The Haqqanis have been blamed for a series of spectacular attacks, including suicide bombings inside Kabul.

    By showing he can bring at least one major faction to the negotiating table, Karzai may hope to boost his standing in a tentative peace process that has recently been dominated by Washington. The president has met before with representatives of Hekmatyar, whose political allies hold seats in the Afghan parliament and Cabinet, but Saturday's public announcement seemed intended to bolster Karzai's insistence on inclusion in the U.S.-led peace process.

    "It should be mentioned that the Afghan nation is the owner of the peace process and negotiations," Karzai said. "No foreign country or organization can prevent (Afghans) from exercising this right."

    The U.S. has repeatedly said that formal negotiations must be Afghan-led, but Karzai is reportedly uneasy with his government not being directly involved in recent preliminary talks with Taliban representatives.

    U.S. representative Grossman began meeting with Karzai on Saturday, the U.S. Embassy said.

    Grossman, however, stressed that any future negotiations would include Afghanistan's government.

    "After our meeting with President Karzai, we will decide what to do next because we take his guidance and advice in an Afghan-owned and Afghan-led process," Grossman said Friday during a stop in India.

    French Defense Minister Gerard Longuet also arrived in Kabul on Saturday for talks with Afghan officials after Paris suspended training missions following the killing of four French troops by an Afghan soldier, the latest in a rising number of assaults in which Afghan security forces or infiltrators have turned their guns on coalition forces.

    French President Nicolas Sarkozy has threatened to withdraw French troops from Afghanistan early over the deaths, a potential setback for the U.S.-led coalition's efforts to build a national army and allow foreign troops to go home.

    After a briefing with an Afghan general, Longuet said in footage broadcast on France's LCI TV that the killer was a 21-year-old former soldier "who deserted, who went to Pakistan, who re-engaged in the Afghan army."

    Earlier in the day, the French defense minister said his mission in Kabul is to "evaluate the attitude our officials should take" in the future.

    On Saturday, insurgents killed a NATO service member in southern Afghanistan, the coalition said. The statement gave no other details, nor the nationality of the casualty.

    Insurgents clashed Saturday with government forces in the town of Barmal in Paktika province in eastern Afghanistan, said Maj. Abdul Rahman, who coordinates coalition and Afghan operations in the area.

    The Paktika governor's office said four attackers were trying to enter the town's main bazaar and then move toward government offices and military bases nearby. Before they could, Afghan security forces engaged them in a one-hour gun battle and all four attackers were killed, it said.

    Separately, a roadside bomb killed four Afghan civilians Saturday morning in Helmand province in the south, the Interior Ministry said.

    ___

    Associated Press writer Rahim Faiez in Kabul and Elaine Ganley in Paris contributed to this report.

    Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20120121/ap_on_re_as/as_afghanistan

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