Shares hit 20-month high as Japan promises open-ended easing

LONDON (Reuters) - World shares hit a new 20-month high on Tuesday after Japan's central bank promised to pump unlimited stimulus into the country's economy to fight the threat of deflation and generate growth.


The Bank of Japan, which has been under intense political pressure to overcome deflation, hiked its inflation target to 2 percent and said that from 2014 it would adopt an open-ended commitment to buy assets.


The move surprised markets, which had expected another incremental increase in its 101 trillion yen ($1.12 trillion) asset-buying and lending program, though the delay until the easing measures kick in dulled the impact and saw the yen edge higher against the dollar.


"From 2014 onwards it's positive ... (but) from now until then, they are not doing anything more aggressive to weaken the yen," said Roy Teo, an FX strategist for ABN Amro.


Equity markets, particularly in Japan, have risen strongly in the run up to Tuesday's meeting, and the confirmation of the plans was enough to lift the MSCI world index <.miwd00000pus> 0.15 percent to a fresh 20-month high of 352.54.


European shares, which have been testing two-year highs in recent days, saw a more subdued start as investors awaited a cue from U.S. corporate earnings figures later in the day.


London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> opened between flat and down 0.1 percent, leaving the FTSEurofirst 300 <.fteu3> down 0.1 percent.


Brent crude rose 0.3 percent to $112.07 a barrel, and gold was up 0.2 percent as the BOJ's latest easing action added to recent positive data from the United States and China, while growing confidence in the strength of China's economic recovery pushed London copper up 0.7 percent to $8,111.75 a metric ton.


General market sentiment was also supported by signs of a compromise to avert a U.S. fiscal crisis.


Republican leaders in the U.S. House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, aimed at avoiding a fight over the looming federal debt ceiling.


In the European bond market, Bund futures were steady as investors eyed a new 10-year Spanish bond and waited on the ZEW investor sentiment index due at 1000 GMT for the latest gauge on the health of the euro zone's largest economy, Germany.


(Reporting by Marc Jones; Editing by Will Waterman)



Read More..

India Ink: Will Tourism in India Be Affected by Delhi Gang Rape?

For the prospective traveler, India conjures up several images: the iconic Taj Mahal, the snow-covered peaks of the Himalayas, the bustling chaos of crowded cities, the gorgeous architecture of the temples of south India.

But these enchanting scenes might be overshadowed by another picture of India, one that is far grimmer.

While India attempts to enhance its image in the eyes of foreign tourists, a high-profile rape case in Delhi has raised concerns about the safety of female travelers to the country. On Dec.16, a 23-year-old woman was gang-raped and beaten on a moving bus by six people, while her male companion was brutally attacked. The crime and the woman’s subsequent death garnered international attention.

The media scrutiny comes after a solid year for Indian tourism. A year-end review by India’s Department of Tourism found that during the period January to November 2012 India saw approximately 5.9 million foreign tourists, an increase of about 6 percent from the same period in the previous year.

In 2012, the department introduced a number of initiatives aimed at improving the image of the country overseas. An ongoing advertising campaign called “Incredible India” has made its way to billboards across the world, in an attempt to create awareness and boost tourism in India.

In the days following the attack, while thousands poured out onto the streets of New Delhi to protest the rape, the embassies of the United States and Britain issued advisories advising their citizens to avoid parts of New Delhi. An advisory issued by the United States on Dec. 22 told American citizens to avoid the areas near India Gate and Rashtrapati Bhavan on Raisina Hill, where large demonstrations were being held to protest the government’s inaction on crimes against women. The notice further advised citizens to stay tuned to local newspapers for the latest news and warned that “demonstrations intended to be peaceful can turn violent.”

Officials in India greeted the advisories with disdain. Indian politicians from across party lines issued statements saying that they felt that the warnings were uncalled for. At the event to introduce the “Incredible India” calendar, the tourism secretary, Parvez Dewan, said that the travel advisories issued by the United States and the United Kingdom had not affected the flow of foreign tourists to the country.

“So far there has been no adverse impact on tourism. Since the advisory not a single cancellation of booking has taken place, according to tour operators,” he said.

Tour operators say that while some prospective visitors have raised concerns, there have not been any cancellations. “Some tourists have e-mailed in asking whether it would be safe to travel, but no one has said that they have changed their mind about traveling to India,” said Gour Kanjilal, the executive director of the Indian Association of Tour Operators. “A heinous act took place, and people have protested peacefully as is expected in a democracy.”

Parikshat Laxminarayan, managing director and co-founder of the tour agency Enchanting India, said his company had not received any cancellations over safety concerns. “We believe that India is still among the safest countries in the world for men and women and especially for travelers,” he said.

However, travel agencies routinely recommend specific safety measures for female tourists in India. Mr. Kanjilal said that tour operators always recommend that female travelers exercise vigilance and visit tourist spots within certain hours.

Arun Varma, the chief executive at Prime Travels, said that following the Delhi gang rape he had received some queries about safety from clients in the United States and Europe. “We issue, as part of our standard operating procedures, an advisory to clients not to have ladies travel alone late nights or venture out to areas that are not part of the itinerary unless accompanied by a male friend or a local trustworthy contact,” he said.

For some tourists, the recent events have only reaffirmed concerns about their safety in India. Alyse Andalman, a 26-year-old from Chicago, was en route to India to attend a wedding when she heard about the rape case. While she did not consider canceling her trip, she recalled being frightened by the reports of the case.

“Even Indian friends of mine warned me that, as a single female, there were certain things I should steer clear of due to safety concerns,” she said. “I had my guard up before I left, and this story verifies that I was justified in that regard.”

Read More..

RIM mulls licensing out software: CEO in paper






FRANKFURT (Reuters) – Research in Motion will look into strategic alliances with other technology companies once it has launched its new BlackBerry 10 models, its chief executive told a German newspaper.


German-born CEO Thorsten Heins told daily Die Welt in an interview published on Monday that the group’s strategic review could lead to the sale of RIM’s hardware production or the sale of licenses to its software, among other options.






“The main thing for now is to successfully introduce Blackberry 10. Then we’ll see,” Heins was quoted as saying.


RIM hopes its re-engineered line of Blackberry 10 touch-screen and keyboard devices will win back market share lost to rivals such as Apple’s iPhone and devices powered by Google’s market-leading Android operating system.


(Reporting by Ludwig Burger; Editing by Mark Potter)


Wireless News Headlines – Yahoo! News





Title Post: RIM mulls licensing out software: CEO in paper
Url Post: http://www.news.fluser.com/rim-mulls-licensing-out-software-ceo-in-paper/
Link To Post : RIM mulls licensing out software: CEO in paper
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..

It's a Boy for American Idol's Danny Gokey




Celebrity Baby Blog





01/21/2013 at 12:00 AM ET



Danny Gokey Welcomes Son Daniel
Courtesy Danny Gokey


Now he’s got a little Idol of his own!


American Idol season eight finalist Danny Gokey and his wife Leyicet welcomed their first child, son Daniel Emanuel Gokey, on Sunday, Jan. 20, PEOPLE confirms exclusively.


Weighing in at 8 lbs. 11 oz., Daniel arrived at 9:52 p.m. EST on his due date.


“Leyicet and I are overjoyed to welcome the new member of our family. I’m ecstatic to be a first time dad and to have a new little buddy to hang out with,” Gokey tells PEOPLE.


“Thankfully, because of what I do, it will also allow me the flexibility to spend a lot of quality time with him. I have so many exciting projects ahead this year but a brand new baby is an amazing way to get the new year started. We feel really blessed!”

The timing for their newborn couldn’t be better. Almost exactly one year ago, Gokey, 32, and his model wife, 26, tied the knot in a low-key affair in Florida on January 29. Six months later, they shared the happy news of their pregnancy.


This is the second marriage for Gokey, who tragically lost his first wife Sophia in 2008 after a routine surgery for congenital heart disease. Gokey now runs the Sophia’s Heart Foundation, which helps homeless families, in her honor.


– Kevin O’Donnell


Read More..

Flu season fuels debate over paid sick time laws


NEW YORK (AP) — Sniffling, groggy and afraid she had caught the flu, Diana Zavala dragged herself in to work anyway for a day she felt she couldn't afford to miss.


A school speech therapist who works as an independent contractor, she doesn't have paid sick days. So the mother of two reported to work and hoped for the best — and was aching, shivering and coughing by the end of the day. She stayed home the next day, then loaded up on medicine and returned to work.


"It's a balancing act" between physical health and financial well-being, she said.


An unusually early and vigorous flu season is drawing attention to a cause that has scored victories but also hit roadblocks in recent years: mandatory paid sick leave for a third of civilian workers — more than 40 million people — who don't have it.


Supporters and opponents are particularly watching New York City, where lawmakers are weighing a sick leave proposal amid a competitive mayoral race.


Pointing to a flu outbreak that the governor has called a public health emergency, dozens of doctors, nurses, lawmakers and activists — some in surgical masks — rallied Friday on the City Hall steps to call for passage of the measure, which has awaited a City Council vote for nearly three years. Two likely mayoral contenders have also pressed the point.


The flu spike is making people more aware of the argument for sick pay, said Ellen Bravo, executive director of Family Values at Work, which promotes paid sick time initiatives around the country. "There's people who say, 'OK, I get it — you don't want your server coughing on your food,'" she said.


Advocates have cast paid sick time as both a workforce issue akin to parental leave and "living wage" laws, and a public health priority.


But to some business owners, paid sick leave is an impractical and unfair burden for small operations. Critics also say the timing is bad, given the choppy economy and the hardships inflicted by Superstorm Sandy.


Michael Sinensky, an owner of seven bars and restaurants around the city, was against the sick time proposal before Sandy. And after the storm shut down four of his restaurants for days or weeks, costing hundreds of thousands of dollars that his insurers have yet to pay, "we're in survival mode."


"We're at the point, right now, where we cannot afford additional social initiatives," said Sinensky, whose roughly 500 employees switch shifts if they can't work, an arrangement that some restaurateurs say benefits workers because paid sick time wouldn't include tips.


Employees without sick days are more likely to go to work with a contagious illness, send an ill child to school or day care and use hospital emergency rooms for care, according to a 2010 survey by the University of Chicago's National Opinion Research Center. A 2011 study in the American Journal of Public Health estimated that a lack of sick time helped spread 5 million cases of flu-like illness during the 2009 swine flu outbreak.


To be sure, many employees entitled to sick time go to work ill anyway, out of dedication or at least a desire to project it. But the work-through-it ethic is shifting somewhat amid growing awareness about spreading sickness.


"Right now, where companies' incentives lie is butting right up against this concern over people coming into the workplace, infecting others and bringing productivity of a whole company down," said John A. Challenger, CEO of employer consulting firm Challenger, Gray & Christmas.


Paid sick day requirements are often popular in polls, but only four places have them: San Francisco, Seattle, Washington, D.C., and the state of Connecticut. The specific provisions vary.


Milwaukee voters approved a sick time requirement in 2008, but the state Legislature passed a law blocking it. Philadelphia's mayor vetoed a sick leave measure in 2011; lawmakers have since instituted a sick time requirement for businesses with city contracts. Voters rejected a paid sick day measure in Denver in 2011.


In New York, City Councilwoman Gale Brewer's proposal would require up to five paid sick days a year at businesses with at least five employees. It wouldn't include independent contractors, such as Zavala, who supports the idea nonetheless.


The idea boasts such supporters as feminist Gloria Steinem and "Sex and the City" actress Cynthia Nixon, as well as a majority of City Council members and a coalition of unions, women's groups and public health advocates. But it also faces influential opponents, including business groups, Mayor Michael Bloomberg and City Council Speaker Christine Quinn, who has virtually complete control over what matters come to a vote.


Quinn, who is expected to run for mayor, said she considers paid sick leave a worthy goal but doesn't think it would be wise to implement it in a sluggish economy. Two of her likely opponents, Public Advocate Bill de Blasio and Comptroller John Liu, have reiterated calls for paid sick leave in light of the flu season.


While the debate plays out, Emilio Palaguachi is recovering from the flu and looking for a job. The father of four was abruptly fired without explanation earlier this month from his job at a deli after taking a day off to go to a doctor, he said. His former employer couldn't be reached by telephone.


"I needed work," Palaguachi said after Friday's City Hall rally, but "I needed to see the doctor because I'm sick."


___


Associated Press writer Susan Haigh in Hartford, Conn., contributed to this report.


___


Follow Jennifer Peltz at http://twitter.com/jennpeltz


Read More..

European shares test two-year highs, yen volatile before BOJ

LONDON (Reuters) - European shares inched towards two-year highs and German Bund futures dipped on Monday, as a political attempt to break a budget impasse in the United States revived appetite for shares and dented appetite for safe-haven assets.


U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled Senate to pass a plan to shrink budget deficits.


European shares <.fteu3> were supported by the news <.eu>, but with no clear response from the Democrats and a thin session expected due to a market holiday in the United States, the impact on other assets such as Bunds is likely to be limited.


London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> opened between 0.4 and 0.5 percent higher, lifting the pan-European FTSEurofirst 300 0.3 percent and MSCI's world index 0.1 percent. <.l><.eu/>


"There's a bit of encouragement coming out of the U.S.," said Toby Campbell-Gray, head of trading at Tavira Securities in Monaco.


He added that equity markets had remained resilient in the face of an uncertain economic outlook as many investors had stepped in to buy "on the dip" on days when shares had fallen.


Ahead of the region's first finance ministers' meeting of the year the euro was steady against the dollar, while the yen firmed after touching a new low, ahead of a Bank of Japan decision expected to deliver bold monetary easing.


The dollar slipped back to a low of 89.42 yen and was last trading at 89.57 yen, while the euro also fell to a low of 119.08 and last traded at 119.27 yen.


With little in the way of economic data or debt issuance and U.S. markets shut for the Martin Luther King Jr. public holiday, it was expected to be a fairly quite market day.


Oil prices took their cues from a report in the United States at the end of last week that showed consumer sentiment at its weakest in a year as a result of the uncertainty surrounding the country's debt crisis.


Concerns about demand overshadowed supply disruption fears reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria, a member of the Organization of Petroleum Exporting Countries.


U.S. crude futures fell 0.5 percent to $95.08 a barrel, while Brent fell 0.3 percent to $111.55 early on Monday but had recovered to almost flat as European trading gathered pace.


(Additional reporting by Sudip Kar-Gupta; Editing by Will Waterman)



Read More..

India Ink: A Gandhi Rises to No. 2 Post in Indian Party





NEW DELHI — Rahul Gandhi, the heir apparent of an Indian political dynasty, was formally elevated Saturday to the No. 2 position in India’s ruling National Congress Party, making him second only to his mother, Sonia Gandhi.




Mr. Gandhi was appointed party vice president, but whether he will serve as the party’s candidate for prime minister in elections scheduled for next year is still unclear. Mr. Gandhi has long been expected to assume the mantle of his family’s and his party’s leadership, but his uncertain political skills and seeming reluctance to assert himself had held him back. Speculation had been building about whether this was the year that he would step firmly into the spotlight.


Mr. Gandhi’s elevation took place at a meeting of the Congress Party’s policy-making group, the Congress working committee, which unanimously adopted a resolution to make him the party’s No. 2 behind his mother, who remains the party president.


Whether Manmohan Singh, the country’s prime minister, will serve as the party’s prime ministerial candidate next year is uncertain, but given his age — he is 80 — it seems unlikely.


Equally uncertain is who will be the candidate for the Bharatiya Janata Party, the main opposition. Narendra Modi is now that party’s most successful leader after he recently won a third term as the chief minister of the western state of Gujarat. But Mr. Modi’s unpopularity with Muslims could cost the party crucial allies, so his role in next year’s elections is unknown.


Mr. Gandhi has for years headed two youth organizations, the Youth Congress and the National Students Union of India. In recent remarks, Mrs. Gandhi said a key strategy for next year’s election was to find ways to appeal to India’s youth population. Half of India’s population is under the age of 25. Her remarks raised expectations that she would push her son to assume a greater role in the party’s leadership.


At 42, Mr. Gandhi is no longer a young man, but he is much younger than much of the rest of India’s leadership class, whose average age is 65.


Read More..

Jimmy Kimmel Channels a Cooler Bill Nye






We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:


RELATED: When Chocolate Rain Met ‘Call Me Maybe’; Obama Boy Has a Crush, Too






If our science teachers were this fun in school, we would never have become journalists:


RELATED: Jimmy Kimmel Really Hates Kids; Call Me Again Maybe


RELATED: A Video to Restore Our Faith in Humanity and a Glacier Tsunami


Quick question fans of New Girl: Max Greenfield—funnier scripted, or in the outtakes? We can’t decide:


RELATED: Kelly Clarkson Covers ‘Call Me Maybe’ and Al Roker Gets Frozen


RELATED: ‘Call Me Maybe’ from a Long Time Ago, in a Galaxy Far, Far Away


So we love Google Translate — it makes our job easier, and allows us to read Armenian websites and stuff. But even we know its limitations. For example, here’s what it does to “Call Me, Maybe” or “Relevant National Laws”:


And finally, we dedicate this Friday to the seahorse. Ride on, you majestic (and a little bit sad) creature, ride on:


Wireless News Headlines – Yahoo! News





Title Post: Jimmy Kimmel Channels a Cooler Bill Nye
Url Post: http://www.news.fluser.com/jimmy-kimmel-channels-a-cooler-bill-nye/
Link To Post : Jimmy Kimmel Channels a Cooler Bill Nye
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..

Five Things to Know About The Lumineers















01/19/2013 at 06:00 PM EST







From left: Wesley Schultz, Neyla Pekarek and Jeremiah Fraites


Alan Poizner/PictureGroup


You already know their hit song "Ho Hey" with its catchy shout-it-out chant that sticks in your head – but what's behind Denver-based band The Lumineers' cool blend of indie rock and Americana?

Here are five things to know about the trio – Wesley Schultz (lead vocals, guitar), 30; Jeremiah Fraites (guitar), 27; and Neyla Pekarek (cello, piano), 26 – who are up for two Grammys (best new artist and best Americana album) and are also performing on Saturday Night Live this week alongside host Jennifer Lawrence.

1. Most people think that 'Ho Hey' – which reached No. 1 on three different charts – is about a romantic relationship, but that's not the whole story.
"The essence of the song was that I was really struggling to make ends meet in the big city when I was living in Brooklyn and working in New York. It was a myth, this idea that you'd go there and get discovered and it would be this great place for music," explains Schultz, who, like Fraites, hails from New Jersey and moved to Denver in recent years, where they met Pekarek.

"It's about a lost love in some ways, but it's also a lost dream. It's funny that a lot of people play it at their weddings because it was written from a different place. But it's kind of a beautiful thing, actually, that people can take something I was feeling really, really down about and turn it into a message of hope."

2. They've only recently been able to quit their day jobs.
"I was working as a busser, a bartender, a barista, a guitar teacher, caterer – a lot of service industry jobs, because it allows you to get away and tour if you need to or take a night off to play," explains Schultz.

"Jer was bussing tables right along beside me. And Neyla was a hostess and a substitute teacher. She'd been offered a full-time teaching position while we were in the midst of touring – and losing a lot of money – and she still stuck with it. Somehow she chose this over that, which is absurd, but we're glad she did!"

3. They named their hit song carefully.
Were they ever concerned people might call it "Hey Ho" in a derogatory way? "Yeah, at some point we laughed about it," says Schultz. "We specifically named it 'Ho Hey' instead of 'Hey Ho' [for that reason]. If people searched for it online, we'd rather it not be something that takes you in that direction."

Do they mind when people get the title wrong? "Oh no, that would be a little pretentious!" says Schultz with a chuckle. "It's kind of a silly name to begin with."

4. That's Schultz's mom on the cover of their debut, self-titled album.
"It's my mom, Judy, as a child, and her mother," he explains. "I'd asked my mom if she had any old photos that I could look through a while back, and I fell in love with it. You know if you set up a child for a picture then can't get out of the frame in time? My mom had a funny take on it: It's our first album, kind of our baby, like this child."

Schultz thanked his mom for all her years of emotional support with some heavy metal when their album went gold. "I had the plaque sent to my mom, because she'd been really supportive of us and believed in us when a lot of people were pretty concerned. And now she's got a platinum one!"

5. Their band name has more than one meaning.
While Schultz and Fraites have been playing music together for more than eight years (previous band names include Free Beer, 6Cheek, and Wesley Jeremiah), they've only been known as The Lumineers for the last four thanks to a mistake.

"We were playing a small club in Jersey City, N.J.," explains Schultz, "and there was a band out there at the time called Lumineers who were slotted for the same time, same day, the next week. The person running the show that night [mistakenly] announced us as The Lumineers."

The name stuck. "It doesn't mean anything literally. It's a made-up word," says Schultz. Another strange coincidence they learned? "It's also the name of a dental veneer company," he adds.

So how are Schultz's teeth? "I have a pretty good smile," he says with a big laugh. "I won 'Best Smile' in high school. It's a pretty big deal."

Read More..

Lilly drug chosen for Alzheimer's prevention study


Researchers have chosen an experimental drug by Eli Lilly & Co. for a large federally funded study testing whether it's possible to prevent Alzheimer's disease in older people at high risk of developing it.


The drug, called solanezumab (sol-ah-NAYZ-uh-mab), is designed to bind to and help clear the sticky deposits that clog patients' brains.


Earlier studies found it did not help people with moderate to severe Alzheimer's but it showed some promise against milder disease. Researchers think it might work better if given before symptoms start.


"The hope is we can catch people before they decline," which can come 10 years or more after plaques first show up in the brain, said Dr. Reisa Sperling, director of the Alzheimer's center at Brigham and Women's Hospital in Boston.


She will help lead the new study, which will involve 1,000 people ages 70 to 85 whose brain scans show plaque buildup but who do not yet have any symptoms of dementia. They will get monthly infusions of solanezumab or a dummy drug for three years. The main goal will be slowing the rate of cognitive decline. The study will be done at 50 sites in the U.S. and possibly more in Canada, Australia and Europe, Sperling said.


In October, researchers said combined results from two studies of solanezumab suggested it might modestly slow mental decline, especially in patients with mild disease. Taken separately, the studies missed their main goals of significantly slowing the mind-robbing disease or improving activities of daily living.


Those results were not considered good enough to win the drug approval. So in December, Lilly said it would start another large study of it this year to try to confirm the hopeful results seen patients with mild disease. That is separate from the federal study Sperling will head.


About 35 million people worldwide have dementia, and Alzheimer's is the most common type. In the U.S., about 5 million have Alzheimer's. Current medicines such as Aricept and Namenda just temporarily ease symptoms. There is no known cure.


___


Online:


Alzheimer's info: http://www.alzheimers.gov


Alzheimer's Association: http://www.alz.org


___


Follow Marilynn Marchione's coverage at http://twitter.com/MMarchioneAP


Read More..