European shares edge up as economic sentiment improves

LONDON (Reuters) - European stocks edged toward 22 month highs on Wednesday, driven by upbeat corporate earnings, an easing in fears about the U.S. hitting its debt ceiling and a better outlook for the global economy.


Strong investor confidence data from Germany, Japan's plans to shore up the world's third largest economy, and improving economic numbers this month from the world's top two economies, the U.S. and China, have all cheered investors.


European Central Bank chief Mario Draghi added his weight to the brighter outlook saying, in a speech in Frankfurt, that "the darkest clouds over the euro area subsided" in 2012.


"The sense of panic experienced in the financial system at times over the last few years looks unlikely to return," said Nick Kounis, head of macro economic research at ABN AMRO.


"We expect global growth to improve gradually this year before gaining strength next year," he said.


After a rally on Wall Street, which saw the widely watched Standard & Poor's 500 index <.spx> hit a fresh five-year closing high, Europe's main share markets all opened higher.


The FTSE Eurofirst 300 index <.fteu3> of top European shares rose 0.1 percent to 1,166.83 While London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> open as much as 0.3 percent higher.


Earnings from likes of tech firms Google and IBM were supporting the gains along with news that BHP Billiton , the world's biggest mining company, had boosted its iron ore output in the December quarter.


However, a slight retreat in Asian shares after they had hit 17-1/2 month highs left the MSCI world equity index <.miwd00000pus> just below the fresh 20-month peak of 352.54 hit on Tuesday.


In the debt market German Bund futures edged higher at Wednesday's open however traders said the gains were unlikely to be sustained with investors still upbeat about higher-yielding euro zone bonds.


Yields fell across the euro zone debt market on Tuesday after Spain sold a new 10-year bond that drew massive demand from foreign investors.


Sentiment is also expected to improve as Republican leaders in the U.S. House of Representatives said they aim to pass on Wednesday a nearly four-month extension of the U.S. debt limit to May 19.


Meanwhile the yen held firm against the dollar and the euro as monetary easing announced on Tuesday by the Bank of Japan failed to provide an immediate a stimulus as some had hoped.


The BOJ doubled its inflation target to 2 percent and adopted an open-ended commitment to buy assets starting in 2014, sparking an unwinding of yen short positions from speculators looking for more immediate easing steps.


The dollar fell 0.4 percent to 88.30 yen while the euro slid 0.8 percent to 117.42 yen. The dollar hit a 2-1/2-year high of 90.25 yen on Monday.


(Reporting by Richard Hubbard. Editing by Peter Graff)



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British Woman Sentenced to Death in Bali Drug Case





BALI, Indonesia — A British woman was sentenced to death Tuesday by an Indonesian court after she was caught smuggling $2.5 million worth of cocaine onto the island of Bali.




The woman, Lindsay June Sandiford, 56, had claimed that she was forced to take the drugs into the country by a gang that had threatened to hurt one of her children. Her death sentence came even though prosecutors had only recommended a 15-year sentence.


Investigators said that customs officials found that she brought in 8.4 pounds of cocaine to Bali’s airport, which was hidden in the lining of her travel bag.


Indonesia is known for its tough treatment of people who commit drug offenses and other crimes, having put five foreigners to death in drug cases since 1998, and 40 foreigners are currently on death row for drug and other offenses.


Ms. Sandiford’s alleged accomplice, Anthony Pounder, also of Britain, is expected to be sentenced Wednesday.


In handing down its verdict, a judicial panel at the Denpasar District Court had found that Ms. Sandiford, by ferrying in the drugs, had damaged the image of Bali as a tourism destination and weakened the government’s drug prevention program. “We found no reason to lighten her sentence,” Amser Simanjuntak, who headed the judicial panel, said, according to The Associated Press.


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BlackBerry Z10 compared to iPhone 5 on camera [video]






Alongside BGR’s own extensive BlackBerry 10 walkthrough, Austrian website Telekom Presse has uploaded another video comparing Research in Motion’s (RIMM) not-so-secret BlackBerry Z10 smartphone to the iPhone 5. The company’s upcoming BlackBerry 10 operating system seems to be a mix between iOS and Android, while adding some unique features. The video showcases the BlackBerry voice assistant app, multitasking and app switching, the app drawer, and the device’s business and home profiles.


[More from BGR: BlackBerry 10 OS walkthrough, BlackBerry Z10 pricing]






Despite the fact that the handset is still running beta software it appears to be exceptionally fast, even besting the iPhone 5 in some scenarios.


[More from BGR: Rumored Xbox 720 specs: 8-core processor, 8GB of RAM, 800MHz GPU]


The BlackBerry Z10 smartphone is said to be equipped with a 4.2-inch HD display, 16GB of internal storage, an 8-megapixel rear camera, 2GB of RAM, NFC, 4G LTE and an 1,800 mAh battery.


RIM will unveil the device along with a second BlackBerry 10 phone at a press conference on January 30th. The BlackBerry Z10, iPhone 5 comparison video follows below.


This article was originally published on BGR.com


Gadgets News Headlines – Yahoo! News





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Vera Wang Reveals Details of Michelle Kwan's Wedding Dress















01/21/2013 at 07:00 PM EST







Michelle Kwan and Clay Pell


Courtesy of Caitlin Maloney


Although she was a singles figure skater throughout her successful career, Michelle Kwan did have one steadfast partner on the ice – fashion designer Vera Wang.

"I wore so many skating dresses designed by her, whole skating shows and everything," Kwan, 32, tells PEOPLE. "I have a long relationship with her."

And that made picking a wedding dress designer a fairly easy decision.

For Kwan's Rhode Island nuptials on Jan. 19 to Clay Pell, 31, Wang put plenty of consideration into her creation.

"She is marrying someone whose family has a political history, and Michelle is living and working in Washington, D.C.," the designer says. "[The dress] had to have a certain dignity and a certain classicism, and I think it was a lot about a new way of looking at tradition."

So Wang created an ivory, strapless mermaid gown for Kwan, made with layers of silk organza and featuring lace appliqué.

"The fact that it's got an inordinate amount of handwork in terms of lace is really a tribute to the art of hand-piecing lace," Wang says. "There is a princess-slash-queenly level of sophistication and quiet without sacrificing a lot of detail."

To complement the formal wedding gown, Kwan asked Wang what she thought of designing a second dress for the reception. "She said, 'Yeah, I got it,' " Kwan says. "She said, 'First dance, yes, and then you've got to change into something else.' "

Her history with the skater was not lost on Wang. "I'm really very honored and very thrilled that a, Michelle has found the love of her life and b, that I am the one to dress her for that special day just as I did for world championships, national championships, and Olympics," she said. "It's just the ongoing saga of our friendship."

For more on Kwan's wedding, including photos and details from the ceremony, pick up a copy of next week's PEOPLE, on newsstands Friday

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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


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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)



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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.”

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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





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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


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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


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