Are Online Degrees as Valuable as Traditional College Diplomas?

Millennials are the first generation to grow up with constant technology and personal computers. That might explain why they see such a value in online education.

A recent poll by Northeastern University showed that 18 to 29 year olds had a more negative view about attending college because of the high cost, and a more positive opinion about online classes than their older counterparts. The survey also showed more than half of the millennials had taken an online course.

Online education is attracting hundreds of thousands of students a year. Perhaps this is why more brick-and-mortar universities are searching for an online identity.

This week Wellesley College announced that it will offer free online classes to anyone with an Internet connection as part of the nonprofit project edX. Earlier this year, Harvard University and Massachusetts Institute of Technology teamed up to fund and launch the online platform.

More: Harvard and MIT Want to Educate You for Free

Online education was even the talk in Washington this week when a group of panelists convened to discuss Massive Open Online Courses (MOOC), which is an open source network like edX. These courses are very much like correspondence classes in the early 20th century.

But there are still those universities that only exist in a virtual world and students pay to attend. Are they as beneficial to students as attending a two- or four-year college?

“It depends at what level and what subject,” says Isabelle Frank, dean of Fordham College of Liberal Studies. “In general, fully online degrees are not valued as highly as degrees from brick-and-mortar institutions. This is because online-only universities do not have the faculty quality and interaction that occurs with full-time faculty and secure positions.”

She says that Fordham has online master programs and some online courses, but the model is “that of a small seminar style class with a lot of faculty feedback and involvement.”

Just like a physical college, a quality online education depends on the institution.

For example, students at Arizona State University’s W. P. Carey School of Business take online classes and communicate with other students around the world—something students 25 years ago couldn’t have dreamed of doing.

“This affords the opportunity to learn leadership, team-building and managerial skills by solving problems and coordinating efforts for projects through the process of establishing real-time meetings, coordinating time zones and dealing with potential language issues,” Sher Downing, executive director of online academic services at the W. P. Carey School of Business at Arizona State University, said. “This value cannot be mirrored as easily in a traditional classroom, and for many companies with offices located around the world, this is a valuable skill, when the workforce is required to handle these types of situations.”

Downing said that students can save money by taking online classes because they no longer have to commute, live on or near a campus or relocate.

The millennials surveyed by Northeastern University are keen to take online courses. In fact, nine in 10 said online classes should be used as a tool and mixed with other teaching methods. The poll also found that students want flex­i­bility, which is exactly what online colleges offer.

Employers may not yet see an online degree in the same light as a traditional university but that is likely to change in the near future. It may just be that millennials, who don’t want to go in debt for an education like some of their parents did, are just a bit ahead of educators and employers.

Related Stories on TakePart:

• Top Universities Want You to Take Free Online Classes in Your Pajamas

• Military Gives ‘F’ to Online Diplomas

• 2012 List: The Most Expensive Colleges in America

---

Suzi Parker is an Arkansas-based political and cultural journalist whose work frequently appears in The Washington Post and The Christian Science Monitor. She is the author of two books. @SuziParker | TakePart.com 

Linux/Open Source News Headlines – Yahoo! News

Read More..

Mario Lopez Is Spontaneous, Romantic, Says New Bride Courtney Mazza

By Dahvi Shira and Patrick Gomez

12/08/2012 at 03:30 PM EST

Courtney Mazza, Mario Lopez and their daughter, Gia

FameFlynet

There's no lack of spice in the lives of newlyweds Mario and Courtney Lopez.

"The most romantic thing about Mario is his spontaneity," Courtney told PEOPLE on Friday, just under a week after the two tied the knot in Mexico. "He's so spontaneous and it's just fun to be with somebody [like that]."

Mario, 39, explains that he keeps the romance fresh by "taking off for a quick trip or having little quickies here and there," adding, "Kids and jobs and everything else gets in the way, but you can't forget about each other."

As for Courtney, she turns the heat up in the kitchen.

"The most romantic thing about my wife is the meals she cooks when I come home," Mario said, before Courtney added with a laugh, "My grandma did tell me to cook for him in nothing but an apron and stilettos."

When it came to celebrating the couple's Dec. 1 nuptials – which were captured on camera for TLC's Mario and Courtney's Wedding Fiesta, airing on Saturday – being together was the best present they could have received.

"To be honest, we didn't have a wedding registry and didn't ask for any gifts," Mario recently said. "We asked for people to donate to a charity. That was important to us."

Adds the X Factor host, "We had so many people say that was the best wedding ever. Oh my god, it was so much fun."

With their wedding day under their belt, the pair has another celebration nearing.

The couple teamed up with Nivea this year to help kick off the "Kiss of the Year" contest on Facebook, and they will head to Times Square in New York City for New Year's Eve to be with the winning pair, who can be voted on through Dec. 14.

"There were over 1,400 entries," Courtney says. "All of the stories were amazing. It was so hard to narrow it down to just three couples."

Their holiday destination has a special significance.

"We love New York," Mario says. "It's where we met and fell in love."

As for their first kiss, Courtney says with a laugh, "Oh, yeah, I remember it. He pounced me!"

Read More..

Smokers celebrate as Wash. legalizes marijuana

SEATTLE (AP) — The crowds of happy people lighting joints under Seattle's Space Needle early Thursday morning with nary a police officer in sight bespoke the new reality: Marijuana is legal under Washington state law.

Hundreds gathered at Seattle Center for a New Year's Eve-style countdown to 12 a.m., when the legalization measure passed by voters last month took effect. When the clock struck, they cheered and sparked up in unison.

A few dozen people gathered on a sidewalk outside the north Seattle headquarters of the annual Hempfest celebration and did the same, offering joints to reporters and blowing smoke into television news cameras.

"I feel like a kid in a candy store!" shouted Hempfest volunteer Darby Hageman. "It's all becoming real now!"

Washington and Colorado became the first states to vote to decriminalize and regulate the possession of an ounce or less of marijuana by adults over 21. Both measures call for setting up state licensing schemes for pot growers, processors and retail stores. Colorado's law is set to take effect by Jan. 5.

Technically, Washington's new marijuana law still forbids smoking pot in public, which remains punishable by a fine, like drinking in public. But pot fans wanted a party, and Seattle police weren't about to write them any tickets.

In another sweeping change for Washington, Gov. Chris Gregoire on Wednesday signed into law a measure that legalizes same-sex marriage. The state joins several others that allow gay and lesbian couples to wed.

The mood was festive in Seattle as dozens of gay and lesbian couples got in line to pick up marriage licenses at the King County auditor's office early Thursday.

King County and Thurston County announced they would open their auditors' offices shortly after midnight Wednesday to accommodate those who wanted to be among the first to get their licenses.

Kelly Middleton and her partner Amanda Dollente got in line at 4 p.m. Wednesday.

Hours later, as the line grew, volunteers distributed roses and a group of men and women serenaded the waiting line to the tune of "Chapel of Love."

Because the state has a three-day waiting period, the earliest that weddings can take place is Sunday.

In dealing with marijuana, the Seattle Police Department told its 1,300 officers on Wednesday, just before legalization took hold, that until further notice they shall not issue citations for public marijuana use.

Officers will be advising people not to smoke in public, police spokesman Jonah Spangenthal-Lee wrote on the SPD Blotter. "The police department believes that, under state law, you may responsibly get baked, order some pizzas and enjoy a 'Lord of the Rings' marathon in the privacy of your own home, if you want to."

He offered a catchy new directive referring to the film "The Big Lebowski," popular with many marijuana fans: "The Dude abides, and says 'take it inside!'"

"This is a big day because all our lives we've been living under the iron curtain of prohibition," said Hempfest director Vivian McPeak. "The whole world sees that prohibition just took a body blow."

Washington's new law decriminalizes possession of up to an ounce for those over 21, but for now selling marijuana remains illegal. I-502 gives the state a year to come up with a system of state-licensed growers, processors and retail stores, with the marijuana taxed 25 percent at each stage. Analysts have estimated that a legal pot market could bring Washington hundreds of millions of dollars a year in new tax revenue for schools, health care and basic government functions.

But marijuana remains illegal under federal law. That means federal agents can still arrest people for it, and it's banned from federal properties, including military bases and national parks.

The Justice Department has not said whether it will sue to try to block the regulatory schemes in Washington and Colorado from taking effect.

"The department's responsibility to enforce the Controlled Substances Act remains unchanged," said a statement issued Wednesday by the Seattle U.S. attorney's office. "Neither states nor the executive branch can nullify a statute passed by Congress."

The legal question is whether the establishment of a regulated marijuana market would "frustrate the purpose" of the federal pot prohibition, and many constitutional law scholars say it very likely would.

That leaves the political question of whether the administration wants to try to block the regulatory system, even though it would remain legal to possess up to an ounce of marijuana.

Alison Holcomb is the drug policy director of the American Civil Liberties Union of Washington and served as the campaign manager for New Approach Washington, which led the legalization drive. She said the voters clearly showed they're done with marijuana prohibition.

"New Approach Washington sponsors and the ACLU look forward to working with state and federal officials and to ensure the law is fully and fairly implemented," she said.

___

Johnson can be reached at https://twitter.com/GeneAPseattle

Read More..

Wall Street Week Ahead: "Cliff" worries may drive tax selling

NEW YORK (Reuters) - Investors typically sell stocks to cut their losses at year end. But worries about the "fiscal cliff" - and the possibility of higher taxes in 2013 - may act as the greatest incentive to sell both winners and losers by December 31.

The $600 billion of automatic tax increases and spending cuts scheduled for the beginning of next year includes higher rates for capital gains, making tax-loss selling even more appealing than usual.

Tax-related selling may be behind the weaker trend in the shares of market leader Apple , analysts said. The stock is down 20 percent for the quarter, but it's still up nearly 32 percent for the year.

Apple dropped 8.9 percent in this past week alone. For a stock that gained more than 25 percent a year for four consecutive years, the embedded capital gains suddenly look like a selling opportunity if one's tax bill is going to jump sharply just because the calendar changes.

"Tax-loss selling is always a factor (but) tax-gains selling has been a factor this year," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.

"You have a lot of high-net-worth individuals in taxable accounts, and that could be what's affecting stocks like Apple. If you look at the stocks that people have their largest gains in, they seem to be under a little bit more pressure here than usual."

Of this year's top 20 performers in the S&P 1500 index, which includes large, small and mid-cap stocks, all but four have lost ground in the last five trading sessions.

The rush to avoid higher taxes on portfolio gains could cause additional weakness.

The S&P 500 ended the week up just 0.1 percent after another week of trading largely tied to fiscal cliff negotiation news, which has pushed the market in both directions.

A PAIN PILL FROM THE FED?

Next week's Federal Reserve meeting could offer some relief if policymakers announce further plans to help the lackluster U.S. economy. The Federal Open Market Committee will meet on Tuesday and Wednesday. The policy statement is expected at about 12:30 p.m. on Wednesday after the conclusion of the meeting - the Fed's last one for the year.

Friday's jobs report showing non-farm payrolls added 146,000 jobs in November eased worries that Superstorm Sandy had hit the labor market hard.

"After the FOMC meeting, I think it's going to be downhill from there as worries about the fiscal cliff really take center stage and prospects of a deal become less and less likely," said Mohannad Aama, managing director of Beam Capital Management LLC in New York.

"I think we are likely to see an escalation in profit-taking ahead of tax rates going up next year," he said.

MORE VOLUME AND VOLATILITY

Volume could increase as investors try to shift positions before year end, some analysts said.

While most of that would be in stocks, some of the extra trading volume could spill over into options, said J.J. Kinahan, TD Ameritrade's chief derivatives strategist.

Volatility could pick up as well, and some of that is already being seen in Apple's stock.

"The actual volatility in Apple has been very high while the market itself has been calm. I expect Apple's volatility to carry over into the market volatility," said Enis Taner, global macro editor at RiskReversal.com, an options trading firm in New York.

Shares of Apple, the largest U.S. company by market value, registered their worst week since May 2010. In another bearish sign, the stock's 50-day moving average fell to $599.52 - below its 200-day moving average at $601.38.

"There's a lot of tax-related selling happening now, and it will continue to happen. Apple is an example, even (though) there are other factors involved with Apple," Aama said.

While investors may be selling stocks to avoid higher taxes in 2013, companies may continue to announce special and accelerated dividend payments before year end. Among the latest, Expedia announced a special dividend of 52 cents a share to be paid on December 28.

To be sure, the big sell-off in stocks following the November 6 election was likely related to tax selling, making it hard to judge how much more is to come.

Bruce Zaro, chief technical strategist at Delta Global Asset Management in Boston, said there's a decent chance that the market could rally before year end.

"Even with little or spotty news that one would put in the positive bucket regarding the (cliff) negotiations, the market has basically hung in there, and I think it's hung in there in anticipation of something coming," he said.

(Wall St Week Ahead runs every Friday. Questions or comments on this column can be emailed to: caroline.valetkevitch(at)thomsonreuters.com)

(Reporting by Caroline Valetkevitch; Editing by Jan Paschal; Multimedia versions of Reuters Top News are now available for:; 3000 Xtra: visit Reuters Top News; BridgeStation: view story .134; For London stock market outlook please click on .L/O; Pan-European stock market outlook .EU/O; Tokyo stock market outlook .T/O; Wall St Week Ahead runs every Friday.)

Read More..

Shintaro Ishihara, Right-Wing Japanese Politician, Makes Gains

TOKYO — Shintaro Ishihara has been a rare, flamboyant presence in Japan’s otherwise drab political world for half a century. A novelist turned right-wing firebrand, he has long held celebrity status on the political margins, where he was known for dramatic flourish. He once signed a pact in blood to oppose diplomatic ties with China because of its communist government, and he published a book at the height of Japan’s economic power that lectured his countrymen on the need to end what he considered its postwar servility to the United States.

Now, at 80, Mr. Ishihara is leading a newly formed populist party and has emerged as a contender for prime minster, vowing to turn Japan into a more independent, possibly nuclear-armed nation. While political analysts deem him a long shot, they say the fact that he has gotten this far after decades of pushing what was seen as a fringe agenda is a worrying sign of how desperate this nation is for strong leadership after years of cascading troubles.

With his promises to restore Japan’s battered national pride, Mr. Ishihara has staked out an even more stridently nationalistic position than the current front-runner, Shinzo Abe, the leader of the conservative Liberal Democratic Party, who has called for revising Japan’s pacifist constitution. Analysts worry that if Mr. Ishihara succeeds in his bid to become prime minister, he could weaken relations with the United States, yank Japan to the right and damage ties with China, which is already angered by his almost single-handedly rekindling a territorial dispute over an island chain.

But even if in the likely event that Mr. Ishihara loses, they say, his campaign could still have a lasting effect, bringing patriotic populism into the political mainstream of a nation that has shunned such open jingoism since its devastating defeat in World War II.

“This election will be a test of whether Japan is really losing its dovishness,” said Takeshi Sasaki, a politics professor at Gakushuin University in Tokyo. “There is so much irritation at how everything seems to be going wrong, and Japan is losing its pride. Politicians on the right like Ishihara and Abe are trying to fan these flames.”

The rise of the two hard-liners has already contributed to hand-wringing among liberals who are anxious that the foreboding sense that Japan is fast becoming an international has-been has left the Japanese vulnerable to long-suppressed nationalism. Even those who call those fears overblown acknowledge that anti-China feelings, which could be easily exploited, are rising as that country eclipses Japan, builds a formidable military and makes its territorial ambitions clear.

From Mr. Ishihara’s vantage point, those geopolitical realities make now the perfect time for Japan to put him in charge.

“Here I am, the old man who has run amok!” he bellowed to a wave of applause at a recent campaign appearance in front of Shinjuku train station in Tokyo. “I am 80 years old, and I am standing here because I want to break through the indecisive and barren politics that is stifling Japan!”

A tall, bespectacled figure, Mr. Ishihara spent most of his short speech emphasizing what has become the central campaign message of his Japan Restoration Party: offering forceful leadership to end Japan’s long political drift by breaking the grip of bureaucrats and vested interests.

Much of the party’s message, however, has become vintage Ishihara. He goes further than Mr. Abe, calling for an outright scrapping of Japan’s antiwar constitution, written by its postwar American occupiers. He still speaks about ending what he sees as political and cultural subservience to the United States and pledges to resist Chinese territorial appetites, promising to build permanent structures on the disputed islands in a move likely to further antagonize China.

“I cannot allow myself to die until my Japan, which has been made a fool of by China, and seduced as a mistress by the United States, is able to stand up again as a stronger, more beautiful nation,” Mr. Ishihara said last month to reporters, explaining why he resigned after 13 years as Tokyo’s governor to return to national politics. He did so after being asked to lead the fledgling Restoration Party’s slate in this month’s parliamentary election by its founder, the popular mayor of Osaka who did not yet want to run for national office.

So far, polls show that Mr. Ishihara has only limited appeal. His party’s approval ratings are in the low teens, about the same as the unpopular incumbent Democratic Party, but below Mr. Abe’s Liberal Democrats, who poll only slightly better, at around 20 percent. Polls also show that more than half of voters disapprove of Mr. Ishihara and of scrapping the antiwar clause of Japan’s constitution.

Read More..

iPad mini fails to draw crowds for China launch

Either Apple’s (AAPL) reservation-only system works better than anyone could have expected, or consumers in China have little interest in the company’s new iPad mini. Apple’s tiny tablet launched on schedule on Friday but according to IDG News Service, the turnout for Apple’s new slate was minimal. At Apple’s new flagship store in the well-trafficked Wangfujing district in Beijing, for example, turnout was “nearly nonexistent” according to the report, with no lines forming at all on Friday.

We’ve seen Apple rack up big numbers despite small launch-day turnouts in the past, but Apple’s reservation system does not appear to be responsible for the seemingly slow launch — according to IDG, many consumers who did turn up at Apple stores looking to purchase an iPad mini were unable to do so because they weren’t even aware that the reservation-only system existed.

Apple’s iPhone 5, which will presumably draw more of a crowd, launches in China next Friday.

Get more from BGR.com: Follow us on Twitter, Facebook

Gadgets News Headlines – Yahoo! News

Read More..

Check Out Sophia Bush's New Bangs!

Stylewatch
Style News Now

12/07/2012 at 12:30 PM ET

Splash News Online; Inset: FilmMagic

Sophia Bush wants to end the year with a bang — literally!

The actress showed off brand new fringe at the opening of a Joe’s Jeans store in Hollywood on Thursday night.

Instead of playing it safe with a wispy, feathery look, Bush went for a dramatic blunt style that falls just above her eyes —  similar to what Beyoncé has. (Maybe Bush was inspired by the pop superstar?)

Since Bush is yet another celeb to cut bangs in recent weeks, we have to wonder who will be next to try the trend. Tell us: Do you like Bush better with or without bangs? And what celeb do you think should get bangs next?

–Jennifer Cress

PHOTOS: SHOP EDITOR-APPROVED HAIR PRODUCTS!

Read More..

Smokers celebrate as Wash. legalizes marijuana

SEATTLE (AP) — The crowds of happy people lighting joints under Seattle's Space Needle early Thursday morning with nary a police officer in sight bespoke the new reality: Marijuana is legal under Washington state law.

Hundreds gathered at Seattle Center for a New Year's Eve-style countdown to 12 a.m., when the legalization measure passed by voters last month took effect. When the clock struck, they cheered and sparked up in unison.

A few dozen people gathered on a sidewalk outside the north Seattle headquarters of the annual Hempfest celebration and did the same, offering joints to reporters and blowing smoke into television news cameras.

"I feel like a kid in a candy store!" shouted Hempfest volunteer Darby Hageman. "It's all becoming real now!"

Washington and Colorado became the first states to vote to decriminalize and regulate the possession of an ounce or less of marijuana by adults over 21. Both measures call for setting up state licensing schemes for pot growers, processors and retail stores. Colorado's law is set to take effect by Jan. 5.

Technically, Washington's new marijuana law still forbids smoking pot in public, which remains punishable by a fine, like drinking in public. But pot fans wanted a party, and Seattle police weren't about to write them any tickets.

In another sweeping change for Washington, Gov. Chris Gregoire on Wednesday signed into law a measure that legalizes same-sex marriage. The state joins several others that allow gay and lesbian couples to wed.

The mood was festive in Seattle as dozens of gay and lesbian couples got in line to pick up marriage licenses at the King County auditor's office early Thursday.

King County and Thurston County announced they would open their auditors' offices shortly after midnight Wednesday to accommodate those who wanted to be among the first to get their licenses.

Kelly Middleton and her partner Amanda Dollente got in line at 4 p.m. Wednesday.

Hours later, as the line grew, volunteers distributed roses and a group of men and women serenaded the waiting line to the tune of "Chapel of Love."

Because the state has a three-day waiting period, the earliest that weddings can take place is Sunday.

In dealing with marijuana, the Seattle Police Department told its 1,300 officers on Wednesday, just before legalization took hold, that until further notice they shall not issue citations for public marijuana use.

Officers will be advising people not to smoke in public, police spokesman Jonah Spangenthal-Lee wrote on the SPD Blotter. "The police department believes that, under state law, you may responsibly get baked, order some pizzas and enjoy a 'Lord of the Rings' marathon in the privacy of your own home, if you want to."

He offered a catchy new directive referring to the film "The Big Lebowski," popular with many marijuana fans: "The Dude abides, and says 'take it inside!'"

"This is a big day because all our lives we've been living under the iron curtain of prohibition," said Hempfest director Vivian McPeak. "The whole world sees that prohibition just took a body blow."

Washington's new law decriminalizes possession of up to an ounce for those over 21, but for now selling marijuana remains illegal. I-502 gives the state a year to come up with a system of state-licensed growers, processors and retail stores, with the marijuana taxed 25 percent at each stage. Analysts have estimated that a legal pot market could bring Washington hundreds of millions of dollars a year in new tax revenue for schools, health care and basic government functions.

But marijuana remains illegal under federal law. That means federal agents can still arrest people for it, and it's banned from federal properties, including military bases and national parks.

The Justice Department has not said whether it will sue to try to block the regulatory schemes in Washington and Colorado from taking effect.

"The department's responsibility to enforce the Controlled Substances Act remains unchanged," said a statement issued Wednesday by the Seattle U.S. attorney's office. "Neither states nor the executive branch can nullify a statute passed by Congress."

The legal question is whether the establishment of a regulated marijuana market would "frustrate the purpose" of the federal pot prohibition, and many constitutional law scholars say it very likely would.

That leaves the political question of whether the administration wants to try to block the regulatory system, even though it would remain legal to possess up to an ounce of marijuana.

Alison Holcomb is the drug policy director of the American Civil Liberties Union of Washington and served as the campaign manager for New Approach Washington, which led the legalization drive. She said the voters clearly showed they're done with marijuana prohibition.

"New Approach Washington sponsors and the ACLU look forward to working with state and federal officials and to ensure the law is fully and fairly implemented," she said.

___

Johnson can be reached at https://twitter.com/GeneAPseattle

Read More..

Dow, S&P rise on jobs, but Apple bites Nasdaq again

NEW YORK (Reuters) - The Dow and the S&P 500 advanced modestly on Friday, though another sell-off in Apple depressed technology shares and kept the Nasdaq negative, overshadowing a sharply better-than-expected jobs report.

Trading was light, continuing the week's trend of slight moves and anemic volume. The S&P 500 ended up a mere 0.1 percent for the week, following several volatile sessions that repeatedly pushed it in and out of positive territory. The benchmark index is just 3.8 percent below the 2012 intraday high of 1,474.51 reached in mid-September.

Equities opened higher after the non-farm payrolls report, which showed 146,000 jobs added in November, far more than had been expected, while the U.S. unemployment rate dropped to 7.7 percent. A sour reading on consumer sentiment caused an erosion of those gains, though markets rebounded going into the close.

The Thomson Reuters/University of Michigan's consumer sentiment index for early December fell to its lowest level since August. Sentiment fell on growing concerns over the "fiscal cliff" debates in Washington, which have been a major factor preventing broader moves as well.

"We're not as concerned as we were a few months ago because of improvement like you can see in the employment number, but there's such a wild card over the cliff," said Bruce McCain, chief investment strategist at Key Private Bank in Cleveland, Ohio. "There are such concerns about what could happen that markets will be overhung until a resolution is more certain."

One of the biggest drags on the Nasdaq was Apple which fell 2.6 percent to $533.25, extending its losses for the week to 8.9 percent. This was the worst week for the stock since May 2010, and with the losses, the stock of the largest U.S. company by market value is now down 24.4 percent from an all-time intraday high reached in late September.

In Friday's session, Apple's 50-day moving average fell to $599.52 - below its 200-day moving average at $601.38. The weakness drove the S&P information technology sector <.gspt> lower. The index fell 0.6 percent and was the weakest of the S&P 500's 10 major industry sectors on Friday.

The Dow Jones industrial average <.dji> gained 81.09 points, or 0.62 percent, to 13,155.13 at the close. The Standard & Poor's 500 Index <.spx> rose 4.13 points, or 0.29 percent, to 1,418.07. The Nasdaq Composite Index <.ixic> slipped 11.23 points, or 0.38 percent, to close at 2,978.04.

For the week, the Nasdaq is down 1.1 percent, hurt largely by the decline in Apple.

The Dow, which does not count Apple as a component, rose 1 percent for its third straight week of gains. The S&P 500 is also up for three straight weeks, rising 4.3 percent over that period.

The equity market has regained most of the ground it lost following President Barack Obama's re-election as markets turned their focus to the coming "fiscal cliff." Market response to the macroeconomic data remained muted as negotiations continued to command investor attention.

U.S. House Speaker John Boehner said that talks this week with President Barack Obama produced no progress, and he renewed his demand that the president provide a new offer to avert the series of tax increases and spending cuts that are likely to hurt economic demand in 2013.

Material shares <.gspm> were the strongest performers of the day, with that index up 0.8 percent. Freeport-McMoRan Copper & Gold Co gained 2.9 percent to $31.70 while Dow Chemical added 2.2 percent to $30.30.

Amarin Corp fell 18.9 percent to $9.69 after the biopharmaceutical company raised $100 million in financing to help it launch its heart drug, Vascepa, but disappointed investors, who had hoped for a sale or partnership.

CombiMatrix Corp shares more than quadrupled, soaring 336.6 percent to $8.60 after the company said two studies published in a medical journal favored technology it uses for prenatal diagnosis of genetic abnormalities over traditional technologies.

About 52 percent of shares listed on the New York Stock Exchange closed higher while slightly more than 50 percent of Nasdaq-listed stocks closed lower.

Volume was light, with about 5.47 billion shares changing hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, below the daily average so far this year of about 6.48 billion shares.

(Editing by Jan Paschal)

Read More..

At War Blog: Military Trains a New Generation of Munitions Experts

Meggan Haller for The New York Times

Specialist Robert Iannello and other students added plastic explosive to ordnance to be disposed of in a demolition training exercise at Naval School Explosive Ordnance Disposal at Eglin Air Force Base in Florida. More Photos »

EGLIN AIR FORCE BASE, Fla. — Four students gathered near several cluster munitions stuck nose-down into the ground. They were conferring on how best to flip over a piece of air-dropped dispenser without risking injury from any unseen bomblets hidden underneath. (This was soon done with a rope and shovel, together forming a lever that a student could pull from afar.)

The New York Times

Despite its name and location, the school serves four military services. This year, officers say, it will train 1,800 people. More Photos »

A few miles away, several students clutched watches while testing a green strand of time fuze. They were clocking the rate at which it burned so they could set up a precisely timed demolition later in the morning.

In a third patch of forest, Pvt. Kevin A. Stanley, 20, crouched with Airman First Class Joshua P. Oliver, 21, and studied a temporary mystery: the precise identification of a shell that had failed to explode. Was it Russian? Bulgarian? White phosphorous? High explosive? Something else?

The projectile body was rusted, but the underside of its fuze still carried metal stampings in Cyrillic. The men crawled forward with instruments resembling dental mirrors, trying to read the unfamiliar letters without touching the round and possibly causing it to burst.

Their assignment was to document as many details as possible — the number of rotating bands, the shell’s length and diameter, the paint finish and much more — and then consult a classified database of global munitions to make the identification. The database would then provide instructions on how to make the weapon safe, which would be the exercise’s next step.

These were the nearly simultaneous scenes playing out last month at an American military school that has quietly produced a group of service members in extraordinarily high demand: explosive ordnance disposal techs.

The wars in Afghanistan and Iraq have exposed a new generation of Americans to explosive hazards, which include falling rockets, mortar rounds and the makeshift bomb, which takes a dizzying array of forms.

This command, which is formally called Naval School Explosive Ordnance Disposal and run by the Navy on an Air Force base, is neither strictly naval nor for the Air Force, as its name and location might suggest. It is a four-service academy that has become remarkably busy. In 2004, as the use of improvised bombs against American troops spiked, this school trained 600 students. This year, its officers say, the school will train 1,800.

Its approach is atypical. Enlisted service members and officers train side by side in the same classes, learning the same skills. This is in part because ordnance knows no rank. Each student in the 143-day basic course studies — and must pass — identical technical exams.

The school also does more than produce techs ready for American military units.

Many techs serve long careers in uniform. Others move on after a tour and take their skills to federal or other law enforcement agencies. Others return to conflict areas for private firms or as humanitarian de-miners, clearing roads, oil fields, farmland and homes of the lethal remnants of war.

Each of these lines of work can be unforgiving. So it is little surprise that given the breadth of instruction — which covers everything from identifying every piece of ordnance in global production to disabling roadside bombs to clearing aircraft crash scenes of the ordnance still strapped to the crippled plane — roughly a third of the students fail.

They are disenrolled, phase by phase, as the instruction becomes more complex. “The standard is high, and it is not up for discussion,” said Capt. Joseph Polanin of the Navy, the school’s commanding officer.

The reason, he said, is both obvious and unbending. “If you are rendering safe a particular kind of missile, and there are 16 steps for that, then you either do them precisely right or you fail, because if you do that wrong in the field, the results are catastrophic,” he said.

As he spoke, explosions boomed several hundred yards away on a practice range. It is a frequent sound. While many of the school’s training aids — including the shell that Private Stanley and Airman Oliver were examining — are inert, the students spend extensive time on ranges, learning to handle and rig explosives.

“We see visitors flinch here,” said Lt. Nicholas M. Parker of the Navy, who leads the ground ordnance division. “But not students. They get used to that sound.”

This article has been revised to reflect the following correction:

Correction: December 4, 2012

A slide show that appeared on the home page of NYTimes.com with an earlier version of this article misidentified a plastic explosive. It was C4, not C5.

Read More..

Facebook might buy Microsoft’s Atlas Ad platform to compete with Google

Is Facebook (FB) preparing to compete with Google (GOOG) in online advertising? According to AllThingsD and BusinessInsider’s sources Facebook might be taking steps to build its own advertising network for online websites. AllThingsD says that rather than build a new advertising network from scratch, Facebook could just buy Microsoft’s (MSFT) Atlas Solutions platform “that already delivers billions of ad impressions a day.”

BusinessInsider reports that Facebook will reportedly pay a lower price than the $ 6 billion that Microsoft paid for aQuantive in 2007 that included Atlas Solutions. It’s estimated that Atlas is worth more than $ 30 million — a small price to pay to compete with Google’s DoubleClick ad network.

So why is Facebook interested in advertising now? Well, it’s got over 1 billion active users with emails, phone numbers, and unprecedented amounts of “likes.” As BusinessInsider puts it, Facebook has so much data it could “tell marketers whether or not a Facebook user saw, on Facebook.com, an ad for a product before going to the store and buying it.”

Get more from BGR.com: Follow us on Twitter, Facebook

Social Media News Headlines – Yahoo! News

Read More..

Randy Travis Has 'Given Up Alcohol,' Will Hit Awards Show Stage

12/06/2012 at 04:30 PM EST

Randy Travis is easing back into the spotlight four months after he was arrested while nude and allegedly drunk and belligerent on a Texas highway.

The country star, 53, is performing Friday night at the American Giving Awards in Pasadena for a show airing Saturday night on NBC. This follows his November appearance on CMT Crossroads with the Avett Brothers.

"Randy is doing great. Life is good," says his lawyer Larry Friedman. "He's given up drinking alcohol. He's drinking eight glasses of water a day or more. He's on a strict exercise regimen. … He's in the best shape he's ever been in in his life."

The AGAs, hosted by Joel McHale, is a celebrity tribute to local heroes, with five charities sharing $2 million in grants. Glenn Close will receive the AGA Leadership Award.

"It's an honor being chosen as a performer for this year's American Giving Awards," Travis says in a statement. "The act of giving back to the community is priceless and something that I truly believe in."

While Travis's case is pending, he remains busy in the studio, according to his lawyer.

"He's got 31 new songs," says Friedman. "He did it at a recording studio in Texas. He used his own band. These are all old-time favorites by Hank Williams, Willie Nelson, Merle Haggard, these are the songs that he grew up with that he loved."

• Reporting by KEVEN O'DONNELL

Read More..

Celebrations planned as Wash. legalizes marijuana

SEATTLE (AP) — Legal marijuana possession becomes a reality under Washington state law on Thursday, and some people planned to celebrate the new law by breaking it.

Voters in Washington and Colorado last month made those the first states to decriminalize and regulate the recreational use of marijuana. Washington's law takes effect Thursday and allows adults to have up to an ounce of pot — but it bans public use of marijuana, which is punishable by a fine, just like drinking in public.

Nevertheless, some people planned to gather at 12:01 a.m. PST Thursday to smoke in public beneath Seattle's Space Needle. Others planned a midnight party outside the Seattle headquarters of Hempfest, the 21-year-old festival that attracts tens of thousands of pot fans every summer.

"This is a big day because all our lives we've been living under the iron curtain of prohibition," said Hempfest director Vivian McPeak. "The whole world sees that prohibition just took a body blow."

In another sweeping change for Washington, Gov. Chris Gregoire on Wednesday signed into law a measure that legalizes same-sex marriage. The state joins several others that allow gay and lesbian couples to wed.

That law also takes effect Thursday, when gay and lesbian couples can start picking up their wedding certificates and licenses at county auditors' offices. Those offices in King County, the state's largest and home to Seattle, and Thurston County, home to the state capital of Olympia, planned to open the earliest, at 12:01 a.m. Thursday, to start issuing marriage licenses. Because the state has a three-day waiting period, the earliest that weddings can take place is Sunday.

The Seattle Police Department provided this public marijuana use enforcement guidance to its officers via email Wednesday night: "Until further notice, officers shall not take any enforcement action — other than to issue a verbal warning — for a violation of Initiative 502."

Thanks to a 2003 law, marijuana enforcement remains the department's lowest priority. Even before I-502 passed on Nov. 6, police rarely busted people at Hempfest, despite widespread pot use, and the city attorney here doesn't prosecute people for having small amounts of marijuana.

Officers will be advising people to take their weed inside, police spokesman Jonah Spangenthal-Lee wrote on the SPD Blotter. "The police department believes that, under state law, you may responsibly get baked, order some pizzas and enjoy a 'Lord of the Rings' marathon in the privacy of your own home, if you want to."

Washington's new law decriminalizes possession of up to an ounce for those over 21, but for now selling marijuana remains illegal. I-502 gives the state a year to come up with a system of state-licensed growers, processors and retail stores, with the marijuana taxed 25 percent at each stage. Analysts have estimated that a legal pot market could bring Washington hundreds of millions of dollars a year in new tax revenue for schools, health care and basic government functions.

But marijuana remains illegal under federal law. That means federal agents can still arrest people for it, and it's banned from federal properties, including military bases and national parks.

The Justice Department has not said whether it will sue to try to block the regulatory schemes in Washington and Colorado from taking effect.

"The department's responsibility to enforce the Controlled Substances Act remains unchanged," said a statement issued Wednesday by the Seattle U.S. attorney's office. "Neither states nor the executive branch can nullify a statute passed by Congress" — a non-issue, since the measures passed in Washington and Colorado don't "nullify" federal law, which federal agents remain free to enforce.

The legal question is whether the establishment of a regulated marijuana market would "frustrate the purpose" of the federal pot prohibition, and many constitutional law scholars say it very likely would.

That leaves the political question of whether the administration wants to try to block the regulatory system, even though it would remain legal to possess up to an ounce of marijuana.

Colorado's measure, as far as decriminalizing possession goes, is set to take effect by Jan. 5. That state's regulatory scheme is due to be up and running by October 2013.

___(equals)

Johnson can be reached at https://twitter.com/GeneAPseattle

Read More..

Apple's gains lift tech in quiet day before jobs data

NEW YORK (Reuters) - Stocks closed modestly higher on Thursday, a day ahead of the key monthly jobs report, as a rebound in shares of Apple helped boost technology shares.

Traders were reluctant to bet heavily a day before the Friday release of the November employment report. Just 5.62 billion shares changed hands on U.S. exchanges, shy of the 6.48 billion daily average this year.

Investors are also keeping watch on the "fiscal cliff" negotiations in Washington to see if lawmakers can reach a deal to avoid a series of spending cuts and tax hikes beginning in January.

"Right now we're just drifting, waiting to learn about the cliff and jobs," said Donald Selkin, chief market strategist at National Securities in New York. "The only stabilizing factor is that Apple is higher again, which is lending some support to the broader market."

Apple climbed 1.6 percent to $547.24, reversing losses incurred at the open. The stock was coming off its biggest one-day drop in four years on Wednesday, which occurred on concerns about higher capital gains taxes in 2013 and the company's tablet computer market share.

The S&P technology index <.gspt> was the best performing of the S&P 500's 10 major sectors, gaining 0.8 percent. Semiconductor stocks rallied a day after Broadcom forecast fourth-quarter revenue at the high end of its target range. Broadcom's stock rose 3.2 percent to $33.36 while the PHLX semiconductor index <.sox> rose 1.1 percent.

The Dow Jones industrial average <.dji> rose 39.55 points, or 0.30 percent, to 13,074.04 at the close. The Standard & Poor's 500 Index <.spx> added 4.66 points, or 0.33 percent, to 1,413.94. The Nasdaq Composite Index <.ixic> gained 15.57 points, or 0.52 percent, to close at 2,989.27.

Monthly payroll numbers, which will be released by the Labor Department before the market opens on Friday, are expected to show a sharp slowdown in jobs growth, though that is largely due to the impact of Superstorm Sandy, which devastated the U.S. Northeast in late October and early November. The unemployment rate is seen holding steady at 7.9 percent.

Broader moves were limited, however, as traders focused on the "fiscal cliff" debate. About three weeks remain before higher tax rates would go into effect, which economists worry would dampen economic growth. Legislators are trying to come up with a deal to avoid some of the negative effects on the economy while still reducing the U.S. budget deficit.

While Republican leaders in the U.S. House of Representatives insist that raising tax rates on the rich is not negotiable, some GOP lawmakers now see it as inevitable to avoid the fiscal cliff.

Without action from Congress, tax cuts on capital gains and dividends will expire at the end of 2012. This has given investors a reason to sell certain stocks such as Apple that have done extremely well in recent years.

The CBOE Volatility Index <.vix>, known as the VIX, rose 0.7 percent, "a reflection of the anxiety people have about the jobs report and skepticism over the cliff," Selkin said.

An S&P index of consumer discretionary shares <.gspd> gained 0.6 percent, lifted by Starbucks Corp shares' advance of 5.7 percent to $53.70 after Baird upgraded the stock to "outperform."

H&R Block climbed 5.1 percent to $18.26 after the company reported a quarterly loss that was narrower than expected.

Sirius XM Radio shares rose 0.7 percent to $2.79 after its board approved a $2 billion stock repurchase and declared a special dividend that gave a big payout to its largest shareholder, Liberty Media . Shares of Liberty climbed 2.7 percent to $109.24.

Garmin shares jumped 5.7 percent to $41.99 after Standard & Poor's said it would add the navigation device maker to the S&P 500 index. Garmin will replace R.R. Donnelley & Sons after the close of trading on December 11.

Slightly more than 50 percent of the stocks traded on the New York Stock Exchange closed higher, while the number of advancing and declining stocks was about even on the Nasdaq.

(Editing by Jan Paschal)

Read More..

World Briefing | United Nations: African Union Asks United Nations to Finance Intervention in Mali

The African Union appealed on Wednesday for the United Nations to pay for a military operation to combat Islamist extremists in northern Mali after the United Nations secretary general, Ban Ki-moon, cautiously recommended that the Security Council approve the force without financing it. Mali descended into chaos in March when soldiers toppled the president, leaving a power vacuum that enabled rebels to seize two-thirds of the country. Islamist extremists, some allied with Al Qaeda, have hijacked the revolt. The African Union observer to the United Nations, Antonio Tete, told the 15-member Security Council that the deployment and operations of an African force of 3,300 troops would need money from the United Nations “to ensure sustained and predictable support to the mission.” Diplomats said the African Union and France, the most vocal Western backer of a plan for African troops to retake northern Mali, were angry that Mr. Ban had not offered United Nations financing.

Read More..

25 top-rated Facebook games from 2012

Games can be both a welcome and an annoying diversion on Facebook, the world’s most popular online social network. This year, Facebook crossed a big milestone — reaching 1 billion active users. Game companies such as “FarmVille” creator Zynga Inc. and Rovio Entertainment Ltd. of “Angry Birds” fame seek to tap into that vast base of users to gain more players for their games.

This week, Facebook Inc. issued a list of the 25 top-rated games that launched on Facebook in 2012. The company says the rankings are based on user ratings and engagement with the games. It’s the same methodology that Facebook uses to rank apps in its App Center.

Some of the games are played on Facebook’s website, while others are only on Apple Inc.‘s iOS or Google Inc.‘s Android devices using Facebook’s app.

Here’s the list:

1. “SongPop” (by FreshPlanet, on Facebook.com, iOS and Android)

2. “Dragon City” (by Social Point, on Facebook.com)

3. “Bike Race” (by Top Free Games, on iOS)

4. “Subway Surfers” (by Kiloo, on iOS and Android)

5. “Angry Birds Friends (by Rovio, on Facebook.com)

6. “FarmVille 2″ (by Zynga, on Facebook.com)

7. “Scramble with Friends” (by Zynga, on iOS)

8. “Clash of Clans” (by Supercell, on iOS)

9. “Marvel: Avengers Alliance” (by Playdom, on Facebook.com)

10. “Draw Something” (by Zynga, on iOS and Android)

11. “Hay Day” (by Supercell, on iOS)

12. “Baseball Heroes” (by Syntasia, on Facebook.com)

13. “ChefVille” (by Zynga, on Facebook.com)

14. “CSR Racing” (by NaturalMotion Games, on iOS)

15. “Candy Crush Saga” (by King.com, on Facebook.com and iOS)

16. “Matching With Friends” (by Zynga, on Facebook.com)

17. “Legend Online” (by Oasis Games, on Facebook.com)

18. “Jurassic Park Builder” (by Ludia, on Facebook.com)

19. “Dungeon Rampage” (by Rebel Entertainment, on Facebook.com)

20. “Pockie Ninja II Social” (by NGames Ltd., on Facebook.com)

21. “Jetpack Joyride” (by Halfbrick, on Facebook.com)

22. “Social Empires” (by Social Point, on Facebook.com and iOS)

23. “Bil ve Fethet” (by Peak Games, on Facebook.com)

24. “Ruby Blast Adventures” (by Zynga, on Facebook.com and iOS)

25. “Pyramid Solitaire Saga” (by King.com, on Facebook.com)

Social Media News Headlines – Yahoo! News

Read More..

Homeless Man Charged with Subway Killing

By Sarah Michaud

12/05/2012 at 04:30 PM EST

Suspect in N.Y.C. subway killing

A homeless man has been arrested and charged with murder for allegedly pushing a man in front of a New York subway train.

Naeem Davis, 30, implicated himself in the crime after being taken into custody and questioned by the New York Police Department on Tuesday, police spokesman Paul J. Browne tells the New York Times.

The suspect's name and the charge were made public Wednesday after witnesses who saw Davis shove Ki-Suck Han, 58, in front of the train Monday afternoon identified him in a lineup, according to police.

Han attempted to climb back up onto the platform as the train approached, a moment captured by freelance photographer R. Umar Abbasi.

The image covered the New York Post Tuesday, sparking debate over journalistic ethics and, writes the Times, raising "questions about how bystanders in the city can – and perhaps, should – behave in moments of crisis."

Read More..

Longer tamoxifen use cuts breast cancer deaths

Breast cancer patients taking the drug tamoxifen can cut their chances of having the disease come back or kill them if they stay on the pills for 10 years instead of five years as doctors recommend now, a major study finds.

The results could change treatment, especially for younger women. The findings are a surprise because earlier research suggested that taking the hormone-blocking drug for longer than five years didn't help and might even be harmful.

In the new study, researchers found that women who took tamoxifen for 10 years lowered their risk of a recurrence by 25 percent and of dying of breast cancer by 29 percent compared to those who took the pills for just five years.

In absolute terms, continuing on tamoxifen kept three additional women out of every 100 from dying of breast cancer within five to 14 years from when their disease was diagnosed. When added to the benefit from the first five years of use, a decade of tamoxifen can cut breast cancer mortality in half during the second decade after diagnosis, researchers estimate.

Some women balk at taking a preventive drug for so long, but for those at high risk of a recurrence, "this will be a convincer that they should continue," said Dr. Peter Ravdin, director of the breast cancer program at the UT Health Science Center in San Antonio.

He reviewed results of the study, which was being presented Wednesday at a breast cancer conference in San Antonio and published by the British medical journal Lancet.

"The result of this trial will have a major, immediate impact on premenopausal women," Ravdin said.

About 50,000 of the roughly 230,000 new cases of breast cancer in the United States each year occur in women before menopause. Most breast cancers are fueled by estrogen, and hormone blockers are known to cut the risk of recurrence in such cases.

Tamoxifen long was the top choice, but newer drugs called aromatase inhibitors — sold as Arimidex, Femara, Aromasin and in generic form — do the job with less risk of causing uterine cancer and other problems.

But the newer drugs don't work well before menopause. Even some women past menopause choose tamoxifen over the newer drugs, which cost more and have different side effects such as joint pain, bone loss and sexual problems.

The new study aimed to see whether over a very long time, longer treatment with tamoxifen could help.

Dr. Christina Davies of the University of Oxford in England and other researchers assigned 6,846 women who already had taken tamoxifen for five years to either stay on it or take dummy pills for another five years.

Researchers saw little difference in the groups five to nine years after diagnosis. But beyond that time, 15 percent of women who had stopped taking tamoxifen after five years had died of breast cancer versus 12 percent of those who took it for 10 years. Cancer had returned in 25 percent of women on the shorter treatment versus 21 percent of those treated longer.

Tamoxifen had some troubling side effects: Longer use nearly doubled the risk of endometrial cancer. But it rarely proved fatal, and there was no increased risk among premenopausal women in the study — the very group tamoxifen helps most.

"Overall the benefits of extended tamoxifen seemed to outweigh the risks substantially," Dr. Trevor Powles of the Cancer Centre London wrote in an editorial published with the study.

The study was sponsored by cancer research organizations in Britain and Europe, the United States Army, and AstraZeneca PLC, which makes Nolvadex, a brand of tamoxifen, which also is sold as a generic for 10 to 50 cents a day. Brand-name versions of the newer hormone blockers, aromatase inhibitors, are $300 or more per month, but generics are available for much less.

The results pose a quandary for breast cancer patients past menopause and those who become menopausal because of their treatment — the vast majority of cases. Previous studies found that starting on one of the newer hormone blockers led to fewer relapses than initial treatment with tamoxifen did.

Another study found that switching to one of the new drugs after five years of tamoxifen cut the risk of breast cancer recurrence nearly in half — more than what was seen in the new study of 10 years of tamoxifen.

"For postmenopausal women, the data still remain much stronger at this point for a switch to an aromatase inhibitor," said that study's leader, Dr. Paul Goss of Massachusetts General Hospital. He has been a paid speaker for a company that makes one of those drugs.

Women in his study have not been followed long enough to see whether switching cuts deaths from breast cancer, as 10 years of tamoxifen did. Results are expected in about a year.

The cancer conference is sponsored by the American Association for Cancer Research, Baylor College of Medicine and the UT Health Science Center.

___

Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP

Read More..

Dow, S&P end higher, but Apple sinks Nasdaq in wild day

NEW YORK (Reuters) - A volatile trading session ended with stocks mostly higher on Wednesday, even as Apple, the most valuable company in the United States, suffered its worst day of losses in almost four years.

In a strange occurrence, Apple accounted for the entirety of the Nasdaq 100's <.ndx> fall of 1.1 percent, while the Dow industrials - which do not include Apple as a component - enjoyed the best day since November 28.

With the drop, Apple shed nearly $35 billion in market capitalization, its biggest one-day market-cap loss ever. The company's market value, or market capitalization, now stands at $506.85 billion.

"Today's move is because of index weightings, with the Nasdaq down because of Apple's decline," said Rex Macey, chief investment officer of Wilmington Trust in Atlanta. "The S&P is up because Apple isn't as big a weight in that index, and the Dow is up even more because it isn't there at all."

The broad market seesawed, with the S&P 500 dropping into negative territory before it rebounded off the 1,400 level, seen as a key support point over the past two weeks. Investors cited comments from President Barack Obama suggesting a potential near-term resolution to the "fiscal cliff" wrangling in Washington as a catalyst for the rebound.

Shares of The Travelers Cos Inc rose 4.9 percent to $74. The stock ranked as the Dow's top percentage gainer after the insurance company said it intended to resume stock buybacks it had temporarily suspended while it assessed its exposure to Superstorm Sandy. The company also said a preliminary estimate of net losses from Sandy was about $650 million after tax.

The Dow Jones industrial average <.dji> rose 82.71 points, or 0.64 percent, to 13,034.49 at the close. The Standard & Poor's 500 Index <.spx> gained 2.23 points, or 0.16 percent, to 1,409.28. But the Nasdaq Composite Index <.ixic> fell 22.99 points, or 0.77 percent, to end at 2,973.70.

Apple, the largest U.S. company by market capitalization and a big weight in both the S&P 500 and the Nasdaq, fell 6.4 percent to $538.79. Apple is down more than 20 percent from an all-time high reached in late September, putting the stock into bear market territory.

Banking shares were led higher by a 6.3 percent jump in Citigroup to $36.46 after the company said it would cut 4 percent of its workforce. [ID:nL1E8N52IQ] The S&P financial sector index <.gspf> climbed 1.3 percent, and Bank of America hit a 52-week high of $10.55 before pulling back slightly. The stock, a Dow component, ended at $10.46, up 5.7 percent for the day.

Still, Apple struggled throughout the session. Market participants cited a host of reasons for the drop in the iPad maker's stock, including a consultant's report about the company losing share in the tablet market and reports that margin requirements had been raised by at least one clearing firm, as well as year-end tax selling ahead of a possible rise in capital-gains tax rates next year.

On the Washington front, Obama told the Business Roundtable, a group of chief executives, on Wednesday that a fiscal cliff deal was possible "in about a week" if Republicans acknowledged the need to raise taxes on the wealthiest Americans.

Equities have struggled to gain ground recently because of concerns over the fiscal cliff - a series of mandatory spending cuts and tax increases effective in early January that could push the U.S. economy into recession next year. Recently equities have moved on any whiffs of sentiment from Washington in headlines about negotiations.

"Obama's comments generated a lot of optimism, but to the extent the market believes them, that's how much we're setting ourselves up for a decline if that deadline passes with no progress," said Macey, who helps oversee about $20 billion in assets.

In an interview on CNBC after the market closed, U.S. Treasury Secretary Tim Geithner said that uncertainty over the fiscal cliff was standing in the way of stronger economic growth, and that there was no prospect for an agreement if tax rates didn't rise on the wealthiest taxpayers.

The stock of Freeport-McMoRan Copper & Gold Inc fell 16 percent to $32.17 and ranked as the S&P 500's biggest percentage decliner. The company said it was acquiring Plains Exploration & Production Co and McMoRan Exploration Co in two separate deals for $9 billion in cash and stock in a major expansion into energy.

McMoRan Exploration soared 87 percent to $15.82 and Plains surged 23.4 percent to $44.50.

After the closing bell, Standard & Poor's said it cut Greece's sovereign long-term foreign currency rating to "selective default" from its already low "C" rating. Last week, the country and its international lenders reached a deal to lower its debt burden through a debt buyback.

About half of the stocks traded on the New York Stock Exchange closed in positive territory, while about 54 percent of Nasdaq-listed shares ended lower.

Volume was higher than it has been in recent sessions, with about 7.01 billion shares changing hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, above the daily average so far this year of about 6.48 billion shares.

(Editing by Jan Paschal)

Read More..

Memo From Afghanistan: YouTube Ban Is Shrugged Off in Afghanistan

KABUL, Afghanistan — When it comes to YouTube, the government of Afghanistan intends to keep its hand on the switch for now.

More than two months after the Afghan government banned YouTube to prevent the spread of an anti-Islamic video, it has yet to restore access to the popular video Web site. While officials say they hope to lift the block “as soon as possible,” they have offered only a vague sense of what must happen before that can be done.

It is a measure of some of Afghanistan’s complexities, however, that even as Afghan rights advocates have worried about censorship, a common reaction on the street to the YouTube ban has been praise, or at worst ambivalence, even among some of the younger, Internet-savvy set in Kabul.

“That video dishonored our prophet,” said Syed Hamid, 19, a recent high school graduate, in comfortable English. “If YouTube isn’t going to remove the video, then our government is right to block access to it.”

He added: “I don’t need YouTube. I can watch videos on other Web sites.”

When a trailer for the video “Innocence of Muslims,” which portrays the Prophet Muhammad as a crass thug and a womanizer, began to circulate in September, the Afghan government reacted quickly to stem potential violence as riots broke out in other countries. In a move that senior Western officials in Afghanistan praised, the Afghan authorities reached out to religious leaders across the country, urging them to preach restraint and tolerance.

More controversially, officials also decided to impose the ban on YouTube after the company refused to remove the video from its site.

The country remained mostly peaceful, to the relief of the government and Western officials here. Past demonstrations related to religious insensitivity had quickly become deadly: In February, when NATO personnel were seen burning Korans near the Bagram Air Base, Afghans took to the streets in a violent outpouring of rage that led to dozens of deaths.

While Western countries, including most of the ones involved here, recoil at the idea of restricting free speech, the lesson is less clear in Afghanistan. In this case, censorship worked, and in conjunction with the government’s broader strategy almost certainly saved lives.

Still, some are asking the question: Where does the government draw the line on filtering information to its citizens? The answer has consistently been: Anywhere Islam is insulted.

“In the Islamic world, there are certain things that are untouchable,” said Jalal Noorani, senior adviser to the minister of culture and information, who initiated the ban. “We won’t be patient with anything disrespectful to our religion.”

Mr. Noorani said the government had no plans to ban other Web sites, so long as they did not disrespect Islam or incite ethnic violence.

The government had shown a willingness to censor offensive broadcasts before. In 2010, for instance, it shut down Emrooz TV after the local station showed a segment on Shiite Muslims that some Afghans found offensive. And a sustained war of words with Pakistan prompted Afghan officials to ban Pakistani newspapers from eastern Afghanistan in September, claiming they were little more than “propaganda tools for the Taliban.”

While Web sites that focus on vices like gambling and pornography have been banned for years, the government had never before blocked an entire media Web site for hosting an offensive video, officials said. Civil rights groups have argued that the censorship undermines President Hamid Karzai’s promises of transparency and openness.

But for all the controversy over the ban, it hardly seemed to register with many youths here in Kabul.

On a recent afternoon, hundreds of young men gathered in a plaza off the Pul-e-Khesti market, where a de facto cellphone emporium has taken root. Men waved phones as they barked out prices across the crowd. Merchants seated at makeshift tables charged nominal fees to download music and videos on mobile devices.

The market is just the sort of place the government feared could be a magnet for violence if the video — or even just news of its contents — spread from phone to phone. Although most Afghans do not have computers, cellphones have become ubiquitous over the past decade, and an estimated three-quarters of Afghans have access to mobile devices that allow them to watch videos.

“As long as this anti-prophet video is on YouTube, our government should keep their Web site blocked,” said Javeed Khawrin, 21, who was shopping at the market. “If I had power, I would have destroyed the whole area where this video was taped.”

Subhanullah, 24, an Afghan Army soldier who came to the market to get his phone fixed and who, like many Afghans, uses a single name, said the video “creates more haters among our national army soldiers toward the foreign troops here.”

Attitudes were similar at the city’s Women’s Garden, a sanctuary of roses, leafy trees and swing sets financed by Western aid.

Nilab Khursihid, 18, said she welcomed the government’s decision to keep the ban in place, and suggested even extending it to all material that is hurtful or disrespectful, including cartoons that lampoon Mr. Karzai.

“This is how our community is,” she said, sitting with friends in the garden. “The Internet has misled many of the youth.”

The garden, in the Shahrara neighborhood, boasts a library, a computer lab and a gymnasium for women. Small shops selling toys, lingerie and dresses line the inner wall of the compound. Nearby, a young woman sat uneasily behind the steering wheel of a Toyota, taking a driving lesson, a freedom unknown in the rest of the city.

One shopkeeper, Mariama Ahmadi, 23, who runs a dress store, offered a counterperspective. While she, too, thinks the video should have been taken down, she said, she thinks banning the Web site was a mistake. She said she preferred self-censorship, and the freedom to decide for oneself.

“We can all have our own choices and decide what to watch,” she said, her face framed by a black hijab. “The government shouldn’t be telling people what to do.”

Sharifullah Sahak contributed reporting.

Read More..

Google updates Gmail for iOS to support multiple accounts, deliver autocomplete suggestions

Read More..

Lisa Whelchel 'Hit Rock Bottom' on Survivor, Says Brother

TV Watch
People Exclusive

By Steve Helling

12/04/2012 at 04:45 PM EST

Lisa Whelchel and brother Justice Coleman

CBS

They're hungry. They're tired. They're uncomfortable. But by day 31, Survivor contestants can often struggle with crippling homesickness.

As one of the most emotional contestants on Survivor: Philippines, Lisa Whelchel developed a coping mechanism to survive being away from her family. "I tried not to think about my loved ones at home, except to pray for them," Whelchel tells PEOPLE. "But I couldn't help but anticipate and hope that I made it long enough in the game to get to see my brother."

On Wednesday's episode of Survivor, Lisa is visited by her younger brother, Justice Coleman, 28, a pastor from Chatsworth, Calif., and the visit didn't go as planned.

"I came running out to give her the biggest hug of her life," Coleman tells PEOPLE. "I wasn't prepared to see her at that level of desperation. It was immediately obvious she had hit rock bottom."

"She broke down in my arms and was sobbing so hard and it was hard for me not to cry," he continues. "I wasn't expecting her to be at the end of her rope. She is a Survivor super fan and so I imagined her enjoying the game and having a blast."

"I almost didn't recognize her," he adds. "She looked absolutely ragged: physically and emotionally torn up. I was imagining a big smile on her face, since she was so deep into the game and doing so well, but she started crying so hard. I was legitimately concerned for her."

After the tears were dried, Coleman maintained he's proud of his sister for making the final six. "My sister has always been my role model growing up," he says. "In fact, she still is."

Read More..

CDC says US flu season starts early, could be bad

NEW YORK (AP) — Flu season in the U.S. is off to its earliest start in nearly a decade — and it could be a bad one.

Health officials on Monday said suspected flu cases have jumped in five Southern states, and the primary strain circulating tends to make people sicker than other types. It is particularly hard on the elderly.

"It looks like it's shaping up to be a bad flu season, but only time will tell," said Dr. Thomas Frieden, director of the Centers for Disease Control and Prevention.

The good news is that the nation seems fairly well prepared, Frieden said. More than a third of Americans have been vaccinated, and the vaccine formulated for this year is well-matched to the strains of the virus seen so far, CDC officials said.

Higher-than-normal reports of flu have come in from Alabama, Louisiana, Mississippi, Tennessee and Texas. An uptick like this usually doesn't happen until after Christmas. Flu-related hospitalizations are also rising earlier than usual, and there have already been two deaths in children.

Hospitals and urgent care centers in northern Alabama have been bustling. "Fortunately, the cases have been relatively mild," said Dr. Henry Wang, an emergency medicine physician at the University of Alabama at Birmingham.

Parts of Georgia have seen a boom in traffic, too. It's not clear why the flu is showing up so early, or how long it will stay.

"My advice is: Get the vaccine now," said Dr. James Steinberg, an Emory University infectious diseases specialist in Atlanta.

The last time a conventional flu season started this early was the winter of 2003-04, which proved to be one of the most lethal seasons in the past 35 years, with more than 48,000 deaths. The dominant type of flu back then was the same one seen this year.

One key difference between then and now: In 2003-04, the vaccine was poorly matched to the predominant flu strain. Also, there's more vaccine now, and vaccination rates have risen for the general public and for key groups such as pregnant women and health care workers.

An estimated 112 million Americans have been vaccinated so far, the CDC said. Flu vaccinations are recommended for everyone 6 months or older.

On average, about 24,000 Americans die each flu season, according to the CDC.

Flu usually peaks in midwinter. Symptoms can include fever, cough, runny nose, head and body aches and fatigue. Some people also suffer vomiting and diarrhea, and some develop pneumonia or other severe complications.

A strain of swine flu that hit in 2009 caused a wave of cases in the spring and then again in the early fall. But that was considered a unique type of flu, distinct from the conventional strains that circulate every year.

__

Online:

CDC: http://www.cdc.gov/flu/weekly

Read More..

Wall Street dips as investors seek cliff progress

NEW YORK (Reuters) - Stocks finished slightly lower in a quiet session on Tuesday as the back-and-forth wrangling over the "fiscal cliff" gave investors little reason to act.

Trading volume was light as legislators continue to negotiate a deal to avoid a $600 billion package of tax hikes and federal spending cuts that would begin January 1 and could push the economy into recession.

Just 5.86 billion shares changed hands on the New York Stock Exchange, the Nasdaq and the NYSE MKT, below the year's daily average of 6.48 billion shares.

A key measure of investor anxiety has remained muted. The CBOE Volatility Index or VIX <.vix>, a gauge of market anxiety, was at 17.13, up 2.9 percent. It has not traded above 20 since July.

Optimism for progress was dented after remarks by President Barack Obama, who rejected a Republican proposal to resolve the crisis as "out of balance" and said any deal must include a rise in income tax rates on the wealthiest Americans.

"People don't know if what's going on is political posturing or real negotiations that represent progress," said Bernard Baumohl, managing director and chief global economist at the Economic Outlook Group in Princeton, New Jersey.

Expectations of higher taxes on dividends beginning in 2013 have pushed many companies to pay special dividends this year or advance their next payback to investors. Coach became the latest to move up the date of its next dividend payment, and the news lifted shares of the upscale leather-goods maker earlier in the session. By the close, though, Coach was down 1.2 percent at $57.52.

One of the S&P 500's top sectors for the day was health care <.gspa>, considered a defensive group.

The Dow Jones industrial average <.dji> fell 13.82 points, or 0.11 percent, to 12,951.78 at the close. The Standard & Poor's 500 Index <.spx> dipped 2.41 points, or 0.17 percent, to 1,407.05. The Nasdaq Composite Index <.ixic> shed 5.51 points, or 0.18 percent, to close at 2,996.69.

The market has been sensitive to rhetoric from Washington, as a failure to reach an agreement could send the U.S. economy back into recession. Still, many expect a resolution to be found, which could extend the S&P 500's rally of 12 percent so far this year.

Differences within the Republican Party came to the fore on Tuesday as one senator opposed to raising taxes lashed out at Republican House Speaker John Boehner for proposing to increase revenue by closing some tax loopholes.

Congressional Republicans recently proposed steep spending cuts to bring down the budget deficit, but gave no ground on Obama's call to raise tax rates on the rich. The proposal was quickly dismissed by the White House.

"We're on hold trying to figure it out, but investors are stressed since they have to make decisions soon about how to proceed with their investments if taxes are indeed going up. We could see a real pick-up in volume over the next week or so," Baumohl said.

Netflix Inc was the S&P 500's top percentage gainer, advancing 14 percent to $86.65 after Walt Disney Co agreed to give the company exclusive TV distribution rights to its movies, starting in 2016.

Darden Restaurants Inc shares plunged 9.6 percent to $47.40 as the S&P 500's worst performer after the company warned that its latest quarter would miss expectations after unsuccessful promotions led to a decline in sales at its Olive Garden, Red Lobster and LongHorn Steakhouse chains.

In contrast, Big Lots Inc surged 11.5 percent to $31.27 after the close-out retailer posted a smaller-than-expected loss and boosted its full-year adjusted earnings forecast.

MetroPCS Communications shares tumbled 7.5 percent to $9.96 after Sprint Nextel appeared unlikely to make a counter-offer for the wireless service provider.

Almost half of the stocks traded on the New York Stock Exchange closed lower, while 50 percent of Nasdaq-listed shares closed in negative territory.

After the closing bell, Pandora Media Inc

shares plunged 23 percent after the company reported its third-quarter results.

(Editing by Jan Paschal)

Read More..