Pope Benedict surprises world, steps down citing frailty


ROME (Reuters) - Pope Benedict surprised the world on Monday by saying he no longer had the mental and physical strength to cope with the demands of his ministry, becoming the first pontiff to step down since the Middle Ages and leaving his aides "incredulous".


The 85-year-old German-born Pope, hailed as a hero by conservative Catholics and viewed with suspicion by liberals, said he had noticed that his strength had deteriorated over recent months.


A Vatican spokesman said the Pope had not resigned because of "difficulties in the papacy" and the decision had been a surprise, indicating that even his closest aides were unaware that he was about to quit. The Pope does not fear schism in the Church after his resignation, the spokesman said.


The Pope's leadership of 1.2 billion Catholics has been beset by a child sexual abuse crisis that tarnished the Church, one address in which he upset Muslims and a scandal over the leaking of his private papers by his personal butler.


In a statement, the pope said in order to govern "...both strength of mind and body are necessary, strength which in the last few months, has deteriorated in me to the extent that I have had to recognize my incapacity to adequately fulfill the ministry entrusted to me.


"For this reason, and well aware of the seriousness of this act, with full freedom I declare that I renounce the ministry of Bishop of Rome, Successor of Saint Peter."


Before he was elected Pope, the former Cardinal Joseph Ratzinger was known by such critical epithets as "God's rottweiler" because of his stern stand on theological issues.


But after several years into his new job he showed that he not only did not bite but barely even barked.


In recent months, the Pope has looked increasingly frail in public sometimes being helped to walk by those around him.


A Vatican spokesman said the pontiff would step down from 2 p.m. ET on February 28, leaving the office vacant until a successor was chosen to Benedict who succeeded John Paul, one of history's most popular pontiffs.


MEEK DEMEANOUR, STEELY INTELLECT


A spokesman for the German government said he was "moved" by the news while Israel's chief rabbi praised Benedict's inter-faith outreach and wished him good health.


Elected to the papacy on April 19, 2005 when he was 78 -- 20 years older than John Paul was when he was elected -- he ruled over a slower-paced, more cerebral and less impulsive Vatican.


But while conservatives cheered him for trying to reaffirm traditional Catholic identity, his critics accused him of turning back the clock on reforms by nearly half a century and hurting dialogue with Muslims, Jews and other Christians.


Under the German's meek demeanor lay a steely intellect ready to dissect theological works for their dogmatic purity and debate fiercely against dissenters.


After appearing uncomfortable in the limelight at the start, he began feeling at home with his new job and showed that he intended to be Pope in his way.


Despite great reverence for his charismatic, globe-trotting predecessor -- whom he put on the fast track to sainthood and whom he beatified in 2011 -- aides said he was determined not to change his quiet manner to imitate John Paul's style.


A quiet, professorial type who relaxed by playing the piano, he managed to show the world the gentle side of the man who was the Vatican's chief doctrinal enforcer for nearly a quarter of a century.


The first German pope for some 1,000 years and the second non-Italian in a row, he traveled regularly, making about four foreign trips a year, but never managed to draw the oceanic crowds of his predecessor.


STRING OF SCANDALS


The child abuse scandals hounded most of his papacy. He ordered an official inquiry into abuse in Ireland, which led to the resignation of several bishops.


Scandal from a source much closer to home hit in 2012 when the pontiff's butler, responsible for dressing him and bringing him meals, was found to be the source of leaked documents alleging corruption in the Vatican's business dealings, causing an international furor.


He confronted his own country's past when he visited the Nazi death camp at Auschwitz.


Calling himself "a son of Germany", he prayed and asked why God was silent when 1.5 million victims, most of them Jews, died there during World War Two.


Ratzinger served in the Hitler Youth during World War Two when membership was compulsory. He was never a member of the Nazi party and his family opposed Adolf Hitler's regime.


But his trip to Germany also prompted the first major crisis of his pontificate. In a university lecture he quoted a 14th century Byzantine emperor as saying Islam had only brought evil to the world and that it was spread by the sword.


After protests that included attacks on churches in the Middle East and the killing of a nun in Somalia, the Pope later said he regretted any misunderstanding the speech caused.


In a move that was widely seen as conciliatory, in late 2006 he made a historic trip to predominantly Muslim Turkey and prayed in Istanbul's Blue Mosque with a Turkish Mufti.


But months later, former Iranian President Mohammad Khatami met the Pope and said wounds between Christians and Muslims were still "very deep" as a result of the Regensburg speech.


(Editing by Ralph Boulton)


(Writing by Peter Millership,; editing by Janet McBride)



Read More..

Stocks end higher for sixth straight week, tech leads

NEW YORK (Reuters) - The Nasdaq composite stock index closed at a 12-year high and the S&P 500 index at a five-year high, boosted by gains in technology shares and stronger overseas trade figures.


The S&P 500 also posted a sixth straight week of gains for the first time since August.


The technology sector led the day's gains, with the S&P 500 technology index <.splrct> up 1.0 percent. Gains in professional network platform LinkedIn Corp and AOL Inc after they reported quarterly results helped the sector.


Shares of LinkedIn jumped 21.3 percent to $150.48 after the social networking site announced strong quarterly profits and gave a bullish forecast for the year.


AOL Inc shares rose 7.4 percent to $33.72 after the online company reported higher quarterly profit, boosted by a 13 percent rise in advertising sales.


Data showed Chinese exports grew more than expected, a positive sign for the global economy. The U.S. trade deficit narrowed in December, suggesting the U.S. economy likely grew in the fourth quarter instead of contracting slightly as originally reported by the U.S. government.


"That may have sent a ray of optimism," said Fred Dickson, chief market strategist at D.A. Davidson & Co in Lake Oswego, Oregon.


Trading volume on Friday was below average for the week as a blizzard swept into the northeastern United States.


The U.S. stock market has posted strong gains since the start of the year, with the S&P 500 up 6.4 percent since December 31. The advance has slowed in recent days, with fourth-quarter earnings winding down and few incentives to continue the rally on the horizon.


"I think we're in the middle of a trading range and I'd put plus or minus 5.0 percent around it. Fundamental factors are best described as neutral," Dickson said.


The Dow Jones industrial average <.dji> ended up 48.92 points, or 0.35 percent, at 13,992.97. The Standard & Poor's 500 Index <.spx> was up 8.54 points, or 0.57 percent, at 1,517.93. The Nasdaq Composite Index <.ixic> was up 28.74 points, or 0.91 percent, at 3,193.87, its highest closing level since November 2000.


For the week, the Dow was down 0.1 percent, the S&P 500 was up 0.3 percent and the Nasdaq up 0.5 percent.


Shares of Dell closed at $13.63, up 0.7 percent, after briefly trading above a buyout offering price of $13.65 during the session.


Dell's largest independent shareholder, Southeastern Asset Management, said it plans to oppose the buyout of the personal computer maker, setting up a battle for founder Michael Dell.


Signs of economic strength overseas buoyed sentiment on Wall Street. Chinese exports grew more than expected in January, while imports climbed 28.8 percent, highlighting robust domestic demand. German data showed a 2012 surplus that was the nation's second highest in more than 60 years, an indication of the underlying strength of Europe's biggest economy.


Separately, U.S. economic data showed the trade deficit shrank in December to $38.5 billion, its narrowest in nearly three years, indicating the economy did much better in the fourth quarter than initially estimated.


Earnings have mostly come in stronger than expected since the start of the reporting period. Fourth-quarter earnings for S&P 500 companies now are estimated up 5.2 percent versus a year ago, according to Thomson Reuters data. That contrasts with a 1.9 percent growth forecast at the start of the earnings season.


Molina Healthcare Inc surged 10.4 percent to $31.88 as the biggest boost to the index after posting fourth-quarter earnings.


The CBOE Volatility index <.vix>, Wall Street's so-called fear gauge, was down 3.6 percent at 13.02. The gauge, a key measure of market expectations of short-term volatility, generally moves inversely to the S&P 500.


"I'm watching the 14 level closely" on the CBOE Volatility index, said Bryan Sapp, senior trading analyst at Schaeffer's Investment Research. "The break below it at the beginning of the year signaled the sharp rally in January, and a rally back above it could be a sign to exercise some caution."


Volume was roughly 5.6 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.


Advancers outpaced decliners on the NYSE by nearly 2 to 1 and on the Nasdaq by almost 5 to 3.


(Additional reporting by Angela Moon; Editing by Bernadette Baum, Nick Zieminski, Kenneth Barry and Andrew Hay)



Read More..

Michigan, Kansas go down as run continues


There goes another one, and another one.


No. 3 Michigan, fifth-ranked Kansas and No. 11 Louisville all lost on Saturday, continuing a perilous stretch for the Top 25.


The Wolverines became the third top-three team to fall this week when Ben Brust hit a tiebreaking 3-pointer with less than 40 seconds left in overtime, leading Wisconsin to a 65-62 victory. Brust also tied the game at the end of regulation with a heave from just inside halfcourt.


That's just the way it has gone lately for the top of the poll.


No. 2 Florida lost at Arkansas on Tuesday night, and No. 1 Indiana dropped a 74-72 decision at Illinois on Thursday. This should be the sixth straight week with a different No. 1 in The Associated Press' Top 25, which would be the second-longest streak since the first AP poll in 1949.


The Jayhawks have dropped three straight games for the first time in eight years after they lost 72-66 at Oklahoma.


"It hasn't been a good week for us by any stretch, but let's be real," Kansas coach Bill Self said. "We were ranked No. 2 in the country seven days ago, and you don't go from being a good team to a bad team overnight.


"We've had a couple of bad outings, but we're still a good team."


The current string of No. 1 swapping is the longest since 1994, when Arkansas, North Carolina, Kansas, UCLA and Duke alternated at the top seven straight weeks — the longest streak since Saint Louis debuted as No. 1 in the initial AP poll.


But it isn't just the teams at the top that are having trouble. Top 25 teams all over the country are getting knocked off by unranked opponents.


According to STATS LLC, Top 25 teams lost to unranked teams 36 times from Jan. 17 to Feb. 6 this season, most in at least 17 years.


Louisville lost 104-101 in five overtimes at No. 25 Notre Dame on Saturday night. It was the longest regular-season game in Big East history.


The Irish trailed by eight with 46 seconds left in regulation.


Read More..

First Person: Bronx, N.Y., One Day After Winter Storm Nemo






Yahoo! News is gathering brief first-person accounts, photos and video from the severe winter weather in the northeastern United States. Here’s one resident’s story.


FIRST PERSON | My part of New York, the Bronx, was spared from the worst of Nemo. Saturday morning some people were driving around in the area. Traffic wasn’t entirely normal as not all of the streets have been cleared of snow. My neighbors were scraping snow off their cars, and clearing sidewalks in the morning. While all subway service has been restored, not all of the commuter trains are back in service. The Metro North trains still have some lines that are not operational. With enough snow cleared, I will visit family later today. It’s a nice, sunny day outside.






Weather News Headlines – Yahoo! News





Title Post: First Person: Bronx, N.Y., One Day After Winter Storm Nemo
Url Post: http://www.news.fluser.com/first-person-bronx-n-y-one-day-after-winter-storm-nemo/
Link To Post : First Person: Bronx, N.Y., One Day After Winter Storm Nemo
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

China needs smog-free air in a can

































Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing


Hazardous smog over Beijing





<<


<





1




2




3




4




5




6




7




8




9




10




11




12




13




14




15




16




17




18




19




20




21




22




23




24




25




26



>


>>







STORY HIGHLIGHTS


  • This year has been one of the worst for air quality in China

  • Residents have termed the smog event the "air-pocalypse"

  • John Sutter says the country should pass a Clean Air Act

  • It's a matter of human rights and public health, not image




Editor's note: John D. Sutter is a columnist for CNN Opinion. He heads the section's Change the List project, which focuses on human rights and social justice. E-mail him at CTL@CNN.com.


(CNN) -- Air pollution in China has gotten so bad lately that one environmentalist's wacky idea for a solution doesn't seem all that far-fetched: putting clean air in a can.


Last week, when a thick gray haze blanketed Beijing and several other Chinese cities, sending kids to the hospital, grounding planes and causing the government to order cars off the road, Chen Guangbiao took to the streets in Beijing to hand out yellow and green cans of smog-free, non-carcinogenic air.


"Free fresh air. Open it and drink it and breathe it!" the Guardian quoted the multimillionaire and national celeb as saying. "It keeps you fresh the whole day!"


Ego aside (the bright cans feature an image of Chen's face and the words "Chen Guangbio is a good man" on them), the clever, political stunt is just the sort of thing that China needs these days. Such creative and public protests should help push forward much-needed national reforms to combat air pollution in the country.


A "Clean Air Act" for China is long overdue.



John D. Sutter

John D. Sutter



And the recent "air-pocalypse," as the suffocating air pollution that hung over several Chinese cities in January has been termed, should be more than enough proof of that.


The pollution during the 2013 Great Smog of China was so thick last month that it was visible from space (from space!). Breathing in Beijing was "akin to living in a smoking lounge," according to an analysis from Bloomberg. Air quality readings literally were off the charts. An index reading below about 50 is considered healthy. Readings for Beijing in January hit 500, the top of the index, and went higher than 700, according to the U.S. Embassy.


"The air has this kind of greenish-gray pallor to it. And it smells like you're standing next to a chemical plant, really chlorine-y," said David Pettit, a senior attorney at the Natural Resources Defense Council, an environmental group. "It's an awesomely bad smell."
















He was telling me about Beijing air on a normal day.


"I'm standing outside my office building but am unable to see its top," one Beijing resident said, according to China's state news agency, Xinhua.


"The new normal in Beijing is sending your kids to school wearing gas masks ..." Christina Larson wrote in Bloomberg Businessweek.


Fixing China's air pollution is not just about the country's image or economy, although those certainly suffer because of smog, too. It's about the right of all humans to walk outside and breathe in air that won't choke them or make them sick.


The AFP reports hospital visits for respiratory problems were up 20% during the air-pocalypse. Last year, small particle air pollution, called PM2.5, in four major Chinese cities resulted in 8,572 premature deaths, according to a December study by Greenpeace East Asia and Peking University's School of Public Health.


Similar deaths can and should be prevented.


And I'm optimistic they will be. For several reasons.


The first is history. It wasn't all that long ago, in 1952, that the "Great Smog" covered London in gray, sooty pollution, resulting in an estimated 4,000 premature deaths.



The government reacted by passing sweeping reforms.


Now London is known for its real fog, not smog.


Air pollution in Los Angeles was handled in a similar fashion.


After the city's car culture created a smog problem, scientists started researching protective helmets to protect people. Others wore gas masks. But, eventually the government took action to reduce the pollution. California led the way for the nation, and in 1963, the United States passed the Clean Air Act.


That law is credited with preventing 205,000 premature deaths, 843,000 asthma attacks and 18 million child respiratory illnesses in 1990, based on the first 20 years of the law.


These changes took time. And it's unfortunate that things had to get bad before they could get better. But China, like others, is finally realizing that its air really is that bad.


Its own people are calling for the change and more vigorously than before.


More than 200 students at a Beijing high school school signed a petition asking the city to "amend air quality regulations and take specific emergency measures," according to Calum MacLeod from USA Today. And on Weibo, China's version of Twitter, Pan Shiyi, a real estate magnate, called for the country to adopt its own Clean Air Act. When he posed the idea to his 14 million Weibo followers in an online poll, nearly all of the 50,000-some people who responded said they supported that type of national legislation.


Maybe that's just one man's social media feed. But there's a history of this kind of thing working in China. In 2011, Pan successfully used his online network to press Beijing authorities to report more smog data, according to the Wall Street Journal's China blog.


It's clear the government has taken notice this time as well. Beijing implemented several emergency measures to curb smog. State media is talking about the pollution.


After speaking with a few experts, it seems clear what needs to be done: China has to reduce its reliance on coal, increase renewable energy, regulate the amount of smog-causing sulfur that can go into its diesel fuel and increase vehicle efficiency.


"It's not rocket science," said Pettit, from NRDC.


There will, of course, be costs and significant challenges. China burns "nearly as much coal as the rest of the world combined," according to a recent report from the U.S. Energy Information Administration. Beijing catches so much of the pollution from coal-burning power plants because it sits at the center of a ring of mountains, which help trap the smog. Throw a bunch more cars into the mix, 13 million of them were sold in China last year, according to IHS Automotive and the problems start compounding.


Fixes may be expensive, but the United States has made the compelling case that the costs of enforcing clean air regulations are offset by gains in health and worker productivity. China, which does have some air quality regulations, already seems to be realizing this. The country on Wednesday announced stricter fuel standards that go into effect by the end of 2014 for diesel and 2017 for gas, according to the Financial Times. An environmental official, Wu Xiaoqing, also told state media this week that "China will formulate regulations, standards and policies to reduce air pollutants and control coal burning."


The energy industry estimates it will costs billions for China to meet tougher fuel standards. It may be up to people like the artist Ai Weiwei, who posed in a photo wearing a gas mask, and Chen, the man who's peddling cans of clean air, to ensure that the public and the government see that clean air is worth the cost.


"I want to tell mayors, county chiefs and heads of big companies: Don't just chase GDP growth, don't chase the biggest profits at the expense of our children and grandchildren, and at the cost of sacrificing our ecological environment," Chen told Reuters.


If Chinese leaders don't want to drink air from a can, they should listen.


Follow us on Twitter @CNNOpinion.


Join us on Facebook/CNNOpinion.


The opinions expressed in this column are solely those of John D. Sutter.






Read More..

21-year-old Chicago woman killed in Tri-State crash













Photo: Scene of crash


Photo: Scene of crash
(February 10, 2013)


























































A Chicago woman died after she was thrown from a car in an accident along the Tri-State Tollway in Glenview, authorities said.

Danielle M. Pisterzi, 21, of the 5700 block of North Nina Avenue, died about an hour after the crash near Willow Road, according to Illinois State Police Master Sgt. Brian McKinney.

Two cars collided around 10:45 p.m., McKinney said. Pisterzi was taken to Advocate Lutheran General Hospital, where she was pronounced dead at 11:52 p.m.

No one else was taken to the hospital, McKinney said.

The southbound lanes of the tollway was closed for hours as police investigated, but by 4 a.m. all four southbound lanes had been reopened.

chicagobreaking@tribune.com


Twitter: @ChicagoBreaking






Read More..

New US commander takes the helm in Afghanistan


KABUL, Afghanistan (AP) — Marine Gen. Joseph Dunford took over Sunday as the new and probably last commander of all U.S. and international forces in Afghanistan.


The American-led NATO coalition is entering the final stretch of its participation in a war that will have lasted more than 13 years when most foreign combat troops pull out at the end of 2014.


Dunford took over leadership of the International Security Assistance Force, and a smaller but separate detachment of American troops, from Marine Gen. John Allen, who had led them for the past 19 months.


"Today is not about change, it's about continuity," Dunford told a gathering of coalition military leaders and Afghan officials. "What's not changed is the growing capability of our Afghan partners, the Afghan national security forces. What's not changed is our commitment, more importantly, what's not changed is the inevitability of our success."


He takes charge at a critical time for President Barack Obama and the military. NATO decided at its 2010 summit in Lisbon to withdraw major combat units, but to continue training and funding Afghan troops and leave a residual force to hunt down al-Qaida and other terrorist groups.


Gen. Martin Dempsey, chairman of the U.S. Joint Chiefs of Staff, said "much work lies ahead" for Dunford as he tries to meet those objectives while at the same time withdrawing about 100,000 foreign troops, including 66,000 from the United States.


Dunford, from Boston, Massachusetts, will face serious challenges as he tries to accommodate an accelerated timetable for handing over the lead for security responsibility to Afghan forces this spring — instead of late summer as originally planned.


"I told him our victory here will never be marked by a parade or a point in time on a calendar when victory is declared. This insurgency will be defeated over time by the legitimate and well-trained Afghan forces that are emerging today and who are taking the field in full force this spring," Allen said.


He added that success would be described as an "Afghan force defending Afghan people, and enabling an Afghan government to serve its citizens. This is victory; this is what winning looks like."


Although the Afghan security forces are almost at their full strength of 352,000, it is unclear if they are yet ready to take on the fight by themselves.


Before departing, Allen admitted that the Afghans still need much work to become an effective and self-sufficient fighting machine, but he said a vast improvement in their abilities was behind a decision to accelerate the timetable for putting them in the lead nationwide this spring when the traditional fighting season begins.


Obama said last month that the Afghans would take over this spring instead of late summer — a decision that could allow the speedier withdrawal of foreign forces from Afghanistan.


It is also unclear when the remaining 66,000 U.S. troops would return home, or how many American soldiers will remain after the end of 2014.


Obama may use his State of the Union address on Tuesday to announce the next steps for concluding the war and a timetable for withdrawal along with plans for a residual force post-2014.


Much of that depends on the U.S. negotiating a bilateral security agreement with the government that includes the contentious issue of immunity from Afghan prosecution for any U.S. forces that would remain here after 2014. President Hamid Karzai has said he will put any such decision in the hands of a council of Afghan elders, known as a Loya Jirga.


Although Dempsey said earlier in the week that the United States had plans to leave a residual force, a failure to strike a deal on immunity would torpedo any security agreement and lead to a complete pullout of U.S. forces after 2014 — as it did in post-war Iraq. It is widely believed that no NATO-member nation would allow its troops to remain after 2014 to train, or engage in counterterrorism activities, without a similar deal.


The head of NATO joint command in Europe, German Gen. Hans-Lothar Domrose, said the alliance was already making plans for a post-2014 presence, plans he said that were "all well advanced."


Allen, 59, of Warrenton, Virginia, was the longest serving ISAF commander so far. Nearly two dozen generals have commanded troops from the United States and ISAF since the American invasion in late 2001 — with six U.S. generals including Dunford running both commands in the past five years alone.


Also attending the ceremony were U.S. Marine Corps Gen. James N. Mattis, Commander, U.S. Central Command, and Gen. James Amos, head of the Marine Corps. Karzai did not attend.


Read More..

Stocks end higher for sixth straight week, tech leads

NEW YORK (Reuters) - The Nasdaq composite stock index closed at a 12-year high and the S&P 500 index at a five-year high, boosted by gains in technology shares and stronger overseas trade figures.


The S&P 500 also posted a sixth straight week of gains for the first time since August.


The technology sector led the day's gains, with the S&P 500 technology index <.splrct> up 1.0 percent. Gains in professional network platform LinkedIn Corp and AOL Inc after they reported quarterly results helped the sector.


Shares of LinkedIn jumped 21.3 percent to $150.48 after the social networking site announced strong quarterly profits and gave a bullish forecast for the year.


AOL Inc shares rose 7.4 percent to $33.72 after the online company reported higher quarterly profit, boosted by a 13 percent rise in advertising sales.


Data showed Chinese exports grew more than expected, a positive sign for the global economy. The U.S. trade deficit narrowed in December, suggesting the U.S. economy likely grew in the fourth quarter instead of contracting slightly as originally reported by the U.S. government.


"That may have sent a ray of optimism," said Fred Dickson, chief market strategist at D.A. Davidson & Co in Lake Oswego, Oregon.


Trading volume on Friday was below average for the week as a blizzard swept into the northeastern United States.


The U.S. stock market has posted strong gains since the start of the year, with the S&P 500 up 6.4 percent since December 31. The advance has slowed in recent days, with fourth-quarter earnings winding down and few incentives to continue the rally on the horizon.


"I think we're in the middle of a trading range and I'd put plus or minus 5.0 percent around it. Fundamental factors are best described as neutral," Dickson said.


The Dow Jones industrial average <.dji> ended up 48.92 points, or 0.35 percent, at 13,992.97. The Standard & Poor's 500 Index <.spx> was up 8.54 points, or 0.57 percent, at 1,517.93. The Nasdaq Composite Index <.ixic> was up 28.74 points, or 0.91 percent, at 3,193.87, its highest closing level since November 2000.


For the week, the Dow was down 0.1 percent, the S&P 500 was up 0.3 percent and the Nasdaq up 0.5 percent.


Shares of Dell closed at $13.63, up 0.7 percent, after briefly trading above a buyout offering price of $13.65 during the session.


Dell's largest independent shareholder, Southeastern Asset Management, said it plans to oppose the buyout of the personal computer maker, setting up a battle for founder Michael Dell.


Signs of economic strength overseas buoyed sentiment on Wall Street. Chinese exports grew more than expected in January, while imports climbed 28.8 percent, highlighting robust domestic demand. German data showed a 2012 surplus that was the nation's second highest in more than 60 years, an indication of the underlying strength of Europe's biggest economy.


Separately, U.S. economic data showed the trade deficit shrank in December to $38.5 billion, its narrowest in nearly three years, indicating the economy did much better in the fourth quarter than initially estimated.


Earnings have mostly come in stronger than expected since the start of the reporting period. Fourth-quarter earnings for S&P 500 companies now are estimated up 5.2 percent versus a year ago, according to Thomson Reuters data. That contrasts with a 1.9 percent growth forecast at the start of the earnings season.


Molina Healthcare Inc surged 10.4 percent to $31.88 as the biggest boost to the index after posting fourth-quarter earnings.


The CBOE Volatility index <.vix>, Wall Street's so-called fear gauge, was down 3.6 percent at 13.02. The gauge, a key measure of market expectations of short-term volatility, generally moves inversely to the S&P 500.


"I'm watching the 14 level closely" on the CBOE Volatility index, said Bryan Sapp, senior trading analyst at Schaeffer's Investment Research. "The break below it at the beginning of the year signaled the sharp rally in January, and a rally back above it could be a sign to exercise some caution."


Volume was roughly 5.6 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.


Advancers outpaced decliners on the NYSE by nearly 2 to 1 and on the Nasdaq by almost 5 to 3.


(Additional reporting by Angela Moon; Editing by Bernadette Baum, Nick Zieminski, Kenneth Barry and Andrew Hay)



Read More..

Norway's Svindal wins downhill at Alpine worlds


SCHLADMING, Austria (AP) — Aksel Lund Svindal of Norway won the men's downhill title at the Alpine skiing world championships Saturday after a powerful run down the Planai course that no one came close to matching.


Watched by 33,000 spectators, Svindal kept a near-perfect line down the icy and bumpy 3.33-kilometer course despite foggy conditions that caused problems for several other skiers.


The Norwegian finished in 2 minutes, 1.32 seconds to win by nearly half a second and secure his second world downhill title, after also winning the marquee event in 2007. It was his fifth world title overall, to go with an Olympic gold in super-G.


Dominik Paris of Italy, who leads this season's World Cup downhill standings, trailed Svindal by 0.46 in second. David Poisson of France finished third, 0.97 behind.


"I knew I could not have skied better here," said Svindal, who raised both arms in the air and shouted out in celebration immediately after his run. "I took a lot of risks. It was a tough race. Visibility wasn't good and the course was difficult. At the finish, I was exhausted, in my head as well."


The rest of the field, led by Klaus Kroell of Austria in fourth, finished more than a second off Svindal's winning time.


The Norwegian had to settle for bronze in Wednesday's super-G, a discipline he has dominated on the World Cup this season, and said that gave him extra motivation for the downhill.


"Winning bronze was nice but I was also a bit frustrated," Svindal said. "I really pushed hard today and avoided major mistakes."


He was about the only one to do so, as most of his rivals struggled to maintain their racing line on the turning and icy bottom section.


The low final right turn seemed to cause the most problems, as many skiers had to slow down to make the final gate before the finish.


Andreas Romar of Finland, who started seventh, became the first to master that section flawlessly and was in the lead until Poisson came down.


When it was Svindal's turn, the Norwegian stretched his lead at every split time and was also near-perfect in the finish section.


Paris, who won the downhill races in Bormio and Kitzbuehel this season, lost time to the Norwegian toward the end but said he had "a great race."


"I tried to go for a medal but I didn't think I could do it," Paris said. "I saved energy in the upper part because I knew I needed it for that difficult finish section."


Poisson had never been on the podium on the World Cup or at a major championship before earning France a second medal this week, following Gauthier De Tessieres' silver in the super-G.


"This is really perfect. Gauthier started the week well for us," Poisson said. "I am proud of my run, I was fast and I went to my limits."


Kroell's fourth place left the home nation without a gold medal in a speed event of any major championship since the 2003 worlds, when Michael Walchhofer won the downhill and Stephan Eberharter the super-G.


Walchhofer's silver medal at the 2006 Turin Olympics downhill was the last speed medal for Austria.


"I am very disappointed," said Kroell, last season's World Cup downhill champion. "I had a big mistake early on and I didn't find my flow because of all the bumps. I just couldn't keep the line."


The women's downhill is Sunday.


Read More..

Rhode Island Storm Update Through Friday Evening, Feb. 8






Yahoo! News is gathering brief first-person accounts, photos and video from the severe winter weather in the northeastern United States. Here’s one resident’s story.


FIRST PERSON | WARWICK, R.I. — I was surprised this morning when I got up and realized it had not begun to snow. The storms “merge” had slowed down, so I went out to my early morning doctor appointment that hadn’t been canceled. An hour later when I came out, it was snowing lightly, but steadily. All media outlets were out and at the ready to file moment to moment reports. But the day was disappointing.






I live in Warwick, and Rhode Islanders are famously terrified of snow. Grocery store shelves were decimated early on. By 4 p.m. the street plow had gone by my house at least four times, even though our accumulation was only about three inches. And then the wind changed.


The official “merge” of the two storms happened. The wind shifted around to the Northeast. I could hear it whistle through the roof vents. The consistency of the snow changed from soft and fluffy to heavy and wet. Between 5pm and 6pm the accumulations had increased to two and three inches per hour. I can’t see out our windows because the wind has the snow stuck to all the screens and windows.


By now, all the agencies had recommended or demanded people to go home and get off the streets. I was talking on the phone to a friend who lives much nearer the Rhode Island southern coastline when I heard a crash in the background. My friend said, “The lights just flickered and two branches from a tree came down.” We wrapped up our conversation as we could hear more trees breaking under the weight of the snow and high winds.


As of 8:30 p.m., we already have a foot of snow. The heavy accumulations are expected to continue for hours. About two hours ago, only a few hundred people in Rhode Island had lost power. Now, it’s up to about 14,000.


I have my flashlights at the ready. I expect we’ll lose power in the night. We have plenty of food and blankets, but with the storm time stretched out so far, it could be a long wait to get power back on. As a safeguard, I’m shutting down my computer right after I post this.


Weather News Headlines – Yahoo! News





Title Post: Rhode Island Storm Update Through Friday Evening, Feb. 8
Url Post: http://www.news.fluser.com/rhode-island-storm-update-through-friday-evening-feb-8/
Link To Post : Rhode Island Storm Update Through Friday Evening, Feb. 8
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..