IHT Rendezvous: Kissinger: Political Threats to Global Economy Abound

DAVOS, Switzerland — Henry A. Kissinger has never shied from unvarnished political assessments and during an hour-long address to the World Economic Forum on Thursday, the former American secretary of state delivered a list of sober warnings about rising threats on the world stage.

Executives and policymakers here, fixated on economic gyrations and the environment for deals, sat riveted as the elder statesman, speaking in his trademark slow and sonorous tone, warned of political threats to the world order. And a nuclear Iran, Mr. Kissinger said, poses perhaps the biggest near-term threat to stability and diplomacy in the Middle East.

The United States and other Western countries have accused Iran of developing a nuclear weapons program, while Iran has insisted its nuclear program is peaceful. Mr. Kissinger urged President Barack Obama to give negotiations with Iran a chance. At the same time, he said, Iran must ask itself whether a failure to build nuclear capability is truly a challenge to the Iranian national identity.

A nuclear Iran “is approaching,” he told the gathering. So in a few years, people will have to come to a determination of how to react, or the consequences of non-reaction,” he said.

Unilateral intervention by Israel would be a “desperate last resort,” Mr. Kissinger added. But if Iran continues to use negotiations simply to buy time to advance its nuclear program, “the consequences will be extremely dangerous.” Surrounding Arab and Gulf states, which already have nuclear power programs, could make nuclear weapons their arsenal of choice.

“If a nuclear conflict arises,” Mr. Kissinger said, “that would be a turning point for human history. So negotiations must move forward.”

The tension is building as conflicts elsewhere in the region rage. The war in Syria remains a challenge for Western powers. He called on the United States and Russia to work together to resolve the crisis, but to step gingerly. If the outside world intervenes militarily, he said, “it will be in the middle of a vast ethnic conflict; and if it doesn’t intervene militarily, it will be caught in a humanitarian tragedy.”

A number of outcomes are possible in Syria, he added, including President Assad remaining in power, a victory by Sunni rebels, or the emergence of a loose coterie of ethnic groups. Whatever the outcome, “the more the outside world competes, the worse it gets,” he said referring to Russia and the West, who have often worked at cross purposes.

Turning to the Israeli-Palestinian conflict, Mr. Kissinger said that while a consensus has developed on a desired outcome, “no one has been able to determine how to get there.”

Only one thing was clear, he added. Any settlement would “require significant sacrifices on the Israeli side from the position they now hold,” he said. And “there has to be some reciprocity from the Arab side other than uttering the word ‘peace.’”

As for the festering European crisis, Mr. Kissinger advocated a political solution if an economic one ultimately stumbles. “The issue that needs to be resolved is the relationship between austerity and growth. And if there is no growth, how the economic void will be
filled,” he said. In diplomacy terms, the question is the extent to which countries with money are willing to help those that are still flagging.

“If the answer is negative” then the idea of European unity is called into question, he said. Europe may need to shift its approach to unity through an economic construction to one of “political construction,” he said.

At the end of the day, he added, “Europe should be maintained as an idea even if the ideal solution does not emerge.”

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TSX near 18-month high, buoyed by Agrium, RIM






TORONTO (Reuters) – Canada’s main stock index hit a near 18-month high on Thursday, as shares of Agrium Inc rose after the fertilizer maker raised its profit forecast and as U.S. manufacturing and labor data drove optimism on the economic outlook of Canada’s largest trade partner.


Shares of Research In Motion Ltd also boosted the market, rising more than 3 percent after a report that China’s Lenovo Group said a bid for the BlackBerry maker was among the options available to boost its mobile business.






Canadian stocks were also supported by data that showed Chinese manufacturing growth hit a two-year high this month. Gains were kept in check by falling gold stocks, which slipped with the price of the precious metal.


In the United States, a private survey showed that factory activity advanced at the fastest pace in nearly two years this month, while the government reported the number of Americans filing new claims for jobless benefits hit a five-year low last week.


“There’s a growing feeling that we’re heading in the right direction. The U.S. economy is showing a little bit of life, and that’s spilling over into Canada,” said Fred Ketchen, director of equity trading at ScotiaMcLeod.


The Toronto Stock Exchange‘s S&P/TSX composite index <.gsptse> was up 41.36 points, or 0.32 percent, at 12,835.41, after touching 12,863.47, its highest since August 2, 2011.</.gsptse>


Seven of the 10 main sectors on the index were trading higher.


The materials sector, which includes mining stocks, slipped 0.1 percent as declines in gold stocks offset a rise in shares of fertilizer giants Agrium and Potash Corp .


Agrium rose 3.5 percent to C$ 114.55 after it raised its fourth-quarter earnings forecast as strong grain and oilseed prices spurred demand for its fertilizer products over the fall season.


Ketchen, noting the activity in Agrium shares over the past few days, said, “People are taking another look at it, thinking maybe it’s time to get back in.”


Potash was up 2.1 percent at C$ 42.77.


The energy sector gained 0.6 percent and was the biggest contributor to the market’s gains as U.S. crude oil prices rose.


Canadian Natural Resources Ltd rose 1.5 percent to C$ 30.62.


Financials, the index’s weightiest sector, added 0.4 percent. Toronto Dominion Bank


was up 0.4 percent at C$ 83.51, and the Royal Bank of Canada rose 0.3 percent to C$ 61.62.


(Editing by Jeffrey Hodgson and Leslie Adler)


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North Carolina Women Roofers Fix Homes Free of Charge















01/24/2013 at 01:05 PM EST







The crew of roofers led by Lori Herrick (front right) and Susie Kernodle (front left).


Jeffery Salter


When she heard about a member of her church congregation who couldn't afford to have her roof fixed, Nell Bovender had an idea.

It was a Sunday in October 2002, she remembers, and "'Make a Difference' day [at the church] was coming up. I said, 'Why don't we redo a roof?' "

Inspired, the husbands and wives in her Sunday school class quickly agreed. But when it came time to do the project, only classmates Lori Herrick, 48, and Susie Kernodle, 64, showed up.

"We expected Billy Honeycutt (the parishioner in charge of the project) to say, 'Let's wait for the guys,' " recalls Herrick, of Rutherfordton, N.C. "What he said was, 'Pick up your hammers and get to work!' "

Ten years and 67 roofs later, the all-volunteer group of 80 moms, grandmothers and widows called the Women Roofers is still going strong, repairing and replacing roofs for the elderly and disabled in and around Forest City, N.C.

Founded by Herrick and Kernodle after that first project, the group pools their own resources to purchase supplies and fix roofs free of charge.

And they're having a ball doing it: A typical repair takes a day, which leaves a lot of time for girl talk.

"I've often said our grandmothers used to do quilting bees," says Bavender, 59, "and that's what we're doing up there on the roof."

It's especially satisfying to see the fruits of their labor after a hard day's work, adds Herrick.

"Besides being a mother, this is the most rewarding thing I've ever done," she says.

One grateful homeowner is Irenabell MacAdoo, 74, who says her Forest City, N.C., house was sprouting leaks everywhere before the ladies got to work.

Says MacAdoo: "I don't know what I would have done without them."

More Heroes Among Us:

• Pediatrician Wendy Ross Makes Flying Easier for Kids with Autism

• Dennis Tyler Finds Homes for More Than 7,000 Retired Greyhounds

Know a hero? Send suggestions to heroesamongus@peoplemag.com. For more inspiring stories, read the latest issue of PEOPLE magazine

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CDC: New version of stomach bug causing US illness


NEW YORK (AP) — Health officials say a new strain of stomach bug that's sweeping the globe is taking over in the U.S.


In the last four months, more than 140 outbreaks in the U.S. have been caused by the new Sydney strain of norovirus. These kinds of contagious bugs cause bouts of diarrhea and vomiting.


The new strain may not be unusually dangerous; some scientists don't think it is. But it is different, and many people might not be able to fight off its gut-wrenching effects.


It often spreads in places like schools, cruise ships and nursing homes. The new strain was blamed for a recent outbreak on the Queen Mary 2.


The Centers for Disease Control and Prevention reported on the new strain Thursday.


____


Online:


CDC report: http://www.cdc.gov/mmwr


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Wall Street edges up in face of Apple decline


NEW YORK (Reuters) - The Dow and S&P 500 advanced on Thursday, with the benchmark S&P index on track for its first seven-day streak of gains in over six years as solid economic data managed to outweigh a steep decline in Apple shares.


Apple Inc dropped 10.4 percent to $460.69 after the technology giant missed Wall Street's revenue forecast for a third straight quarter as iPhone sales were poorer than expected, lending credence to recent concerns its days as the dominant player in consumer electronics may be on the wane.


The drop wiped out roughly $50 billion in Apple's market capitalization to $432 billion, leaving the company vulnerable to losing its status as the most valuable U.S. company to second place ExxonMobil Corp, at $417 billion.


A trio of economic reports helped buoy the market, with data showing a decline in weekly jobless claims and an increase in manufacturing, while a gauge of future economic activity climbed.


"The claims numbers are clearly a big surprise and were very good numbers - they imply we may have a good employment number for the month of January," said Hugh Johnson, chief investment officer of Hugh Johnson Advisors LLC in Albany, New York.


"You have Apple and technology on the one side and the rest of the market on the other side."


The gains marked the first time the S&P 500 had risen above 1,500 since December 12, 2007 and put the index on pace for its seventh straight advance, its longest streak since October 2006.


The advance for the S&P, and muted declines in the Nasdaq in spite of the decline in Apple, were viewed as a positive sign, as investors take encouragement from an improving global economy and move into stocks more closely tied to economic fortunes, such as industrials.


General Electric rose 0.5 percent to $22.06 and United Parcel Service gained 2.4 percent to $82.30. Of the 10 major S&P sectors, only technology, off 1.5 percent, was lower.


The Dow Jones industrial average gained 58.82 points, or 0.43 percent, to 13,838.15. The Standard & Poor's 500 Index added 1.78 points, or 0.12 percent, to 1,496.59. The Nasdaq Composite Index dropped 14.25 points, or 0.45 percent, to 3,139.42.


The domestic data meshed with those overseas showing growth in Chinese manufacturing accelerated to a two-year high this month and a buoyant Germany took the euro zone economy a step closer to recovery.


Apple's disappointing results drew a round of price-target cuts from brokerages. At least 14 brokerages, including Barclays Capital, Credit Suisse and Deutsche Bank, cut their price target on the stock by $142 on average. Morgan Stanley removed the stock from its 'best ideas' list.


In contrast to Apple, Netflix Inc surprised Wall Street Wednesday with a quarterly profit after the video subscription service added nearly 4 million customers in the U.S. and abroad. Shares surged 37.6 percent to $142.10, its biggest percentage jump ever.


Diversified U.S. manufacturer 3M Co reported a 3.9 percent rise in profit, meeting expectations, on solid growth in sales of its wide array of products, which range from Post-It notes to films used in television screens. The shares slipped 0.2 percent to $99.28.


Corporate earnings have helped drive the recent stock market rally. Thomson Reuters data through early Thursday showed that of the 133 S&P 500 companies that have reported earnings, 66.9 percent have exceeded expectations, above the 65 percent average over the past four quarters.


(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)



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The Lede Blog: Clinton Testifies on Benghazi Attacks

The Lede followed Secretary of State Hillary Rodham Clinton’s testimony Wednesday before the Senate Foreign Relations Committee about the Sept. 11, 2012, attacks on the American Consulate in the eastern city of Benghazi, Libya, that killed Ambassador Chris Stevens and three other Americans.

Mrs. Clinton will appear before the House Committee on Foreign Affairs at 2 p.m. Eastern.

At a House Committee hearing last October investigating the attack, as reported on The Lede, State Department officials and security experts who served on the ground offered conflicting assessments about what resources were requested and made available to deal with growing security concerns in Tripoli and Benghazi.

Mrs. Clinton had been scheduled to testify before Congress last month, but an illness, a concussion and a blood clot near her brain forced her to postpone her appearance.

As our colleagues Michael R. Gordon and Eric Schmitt reported, four State Department officials were removed from their posts on last month after an independent panel criticized the “grossly inadequate” security at a diplomatic compound in Benghazi.

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Three reasons to root for RIM






I have expressed skepticism that RIM (RIMM) will really be able to pull off an epic comeback and reestablish BlackBerry as a legitimate contender with the iPhone and the barrage of Android smartphones that get released every year. But that doesn’t mean I don’t want it to happen. Quite the contrary, I’m hoping that RIM proves all us nasty skeptics wrong, defies the odds and produces a big hit with the BlackBerry Z10 that’s set to be released over the next couple of months.


[More from BGR: As data gets cheaper for Verizon to transmit, customers are paying more]






So why am I rooting for RIM even if I’m dubious of its prospects for success? Three specific reasons come to mind.


[More from BGR: Success with BlackBerry ‘diehards’ isn’t the key to BlackBerry 10′s future]


First, I think the mobile market will benefit from having a third option besides iOS and Android, and it doesn’t look as though Microsoft (MSFT) is up to the task just yet. Sure, Windows Phone devices have started to make some progress in Europe, but in North America the platform’s market share has remained largely flat despite the large piles of money Microsoft is spending to promote it. This gives RIM an opportunity to elbow itself into the discussion in the United States and Canada as a legitimate contender for consumers who have moved on to iOS or Android but who still miss their BlackBerry phones of old.


Second, I think CEO Thorsten Heins has some interesting and ambitious ideas for where he’d like to take the company in the future. Sure, there are times when I can’t tell whether he really has a plan to boldly remake BlackBerry or is just insane, but when I hear him talk about integrating BlackBerry 10 into cars, I am intrigued. Heins is also easy to root for when you consider how well he’s played the thoroughly lousy hand he was dealt when he took over as RIM CEO last year — the fact that he’s generated significant support from both carriers and app developers at a time when it looked like the company could collapse at any moment has been impressive.


And finally, I’ve come to really love RIM’s crazy fans over the past year, even if they don’t like me all that much. Every time I’ve written a post critical of RIM or BlackBerry, they were there to immediately pounce on me, declare me a hopeless “iSheep” and tell me how stupid I’ll feel when RIM emerges triumphant and stomps all over the iPhone and Android. I’m not sure such dedication to a product is emotionally healthy, but it is something I have to respect and I hope that BlackBerry 10 will, at the very least, make RIM’s loyal and long-suffering fans happy.


So now’s the time, RIM. Next week will be your chance to make me look like a fool for ever doubting the power of BlackBerry 10. And for all the reasons I listed above, I hope you take it.


This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News





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PHOTO: Uma Thurman's Beau Puckers Up to Baby




Celebrity Baby Blog





01/23/2013 at 11:00 AM ET



What are you doing, Daddy? Luna Thurman-Busson looks on quizzically as papa Arpad Busson blows her kisses while waiting for a flight Tuesday in Paris. The 6-month-old‘s mom, actress Uma Thurman, recently shared that her daughter actually goes by a derivitive of her many middle names — with five monikers in all, it’s just too long to recite the whole thing!


“[My 14-year-old daughter Maya] came up with the best excuse, [which] was that I probably wouldn’t get to have any more children, so I just put every name that I liked into it,” Thurman, 42, told Jimmy Fallon of their choice of Rosalind Arusha Arkadina Altalune Florence. “We couldn’t quite agree.”


Samantha Brown Welcomes Twins Ellis James and Elizabeth Mae
Bauer-Griffin


RELATED: Uma Thurman: Why My Daughter Has Five Names


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Sickening fog settles over Salt Lake City area


SALT LAKE CITY (AP) — A group of Utah doctors is declaring a health emergency over the Salt Lake City area's lingering air pollution problem.


Utah Physicians for a Healthy Environment planned to deliver a petition Wednesday demanding immediate action by elected officials.


The group wants Gov. Gary Herbert and mayors of northern Utah cities to cut the pollution.


The doctors suggest lowering highway speed limits, making mass transit free for the winter and curbing industrial activities. They want a permanent ban on wood-burning. And they want large employees to let people work from home.


The doctors are advising people to avoid the outdoors. They say people can help their bodies fight toxic exposure by introducing anti-oxidants in their diet, like fish oil or chocolate.


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Dow, Nasdaq boosted by tech; S&P flat

NEW YORK (Reuters) - The Dow and Nasdaq edged higher on Wednesday, lifted by IBM and Google whose stronger-than-expected profits helped to soothe investors' concerns about the tech sector.


IBM's and Google's earnings, released after Tuesday's close, were the latest reassuring fourth-quarter results that pushed the Dow and S&P 500 to five-year highs as worries about the "fiscal cliff" and euro zone debt crisis faded and earnings became the market's main focus.


International Business Machines Corp forecast better-than-anticipated 2013 results and also posted fourth-quarter earnings and revenue that beat expectations.


Shares in the world's largest technology services company, climbed 5.5 percent to $206.87, its biggest advance since July, making it by far the largest boost to the Dow.


Worries about the profit potential in the tech sector had increased amid questions about waning demand for Apple Inc products and a weak outlook from Intel Corp last week.


Also helping to boost the tech sector was a 6.1 percent jump in Internet search company Google Inc to $746.02. The Internet search company reported its core business outpaced expectations and revenue was higher than expected.


Despite a 1.3 percent gain in the S&P technology sector <.splrct>, gains on the broader S&P 500 index were limited a day after the benchmark index closed at a fresh 5-year high.


The recent gains have been largely fueled by a stronger than expected start to the earning season, pushing the benchmark S&P index near the 1,500 level, last reached on December 12, 2007, and may make additional gains harder to come by after a 4.6 increase for the month.


"This certainly is new air up here, you have to give it some time at this level," said Troy Logan, managing director and senior economist at Warren Financial Service in Exton, Pennsylvania.


"More fundamentally, there is less concern about Europe. You need less noise on the political front and the focus back on corporate American growing earnings."


With tech earnings strong, Thomson Reuters data through Wednesday shows that of the 99 S&P 500 companies that have reported earnings so far, 67.7 percent have topped expectations, above the 62 percent average since 1994 and the 65 percent average over the past four quarters.


The Dow Jones industrial average <.dji> gained 43.27 points, or 0.32 percent, to 13,755.48. The Standard & Poor's 500 Index <.spx> shed 1.32 points, or 0.09 percent, to 1,491.24. The Nasdaq Composite Index <.ixic> added 8.82 points, or 0.28 percent, to 3,152.00.


McDonald's slipped 0.3 percent to $92.63 after reporting a rise in fourth-quarter earnings, lifted by an increase in same-store sales. Fellow Dow component United Technology Corp's earnings fell from the prior year, hurt by large restructuring charges. Shares edged up 0.4 percent to $87.86.


On the downside, leather-goods maker Coach Inc plunged 14.8 percent to $51.75 as the S&P's worst performer after reporting sales that missed expectations. The S&P consumer discretionary sector <.splrcd> lost 0.5 percent.


After the market closes, investors will scour Apple's results for signs it can continue to grow at an accelerated pace. The stock has been pressured recently by questions raised about demand for Apple's products. The stock has fallen 5 percent since the start of the year, compared with gains of 4.6 percent in the S&P 500. It rose 0.4 percent to $507.04 on Wednesday.


"Pretty much all eyes are on Apple to see what they are going to do this evening. What happened to Apple is they had some misses in the second and third quarters of 2012 and the explanation was anticipation of the new iPhone 5, so this quarter they really have to deliver on that story," Logan said.


Overall, S&P 500 fourth-quarter earnings rose 2.8 percent, according to Thomson Reuters data. That estimate is above the 1.9 percent forecast from the start of earnings season, but well below the 9.9 percent fourth-quarter earnings forecast from October 1, the data showed.


Republican leaders in the U.S. House of Representatives aim on Wednesday to pass a bill to extend the U.S. debt limit by nearly four months, to May 19. The White House welcomed the move, saying it would remove uncertainty about the issue.


The debt limit issue has hung over the market for weeks, with many investors worried that if no deal is reached to raise the limit, it could have a negative impact on the economy.


(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)



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