Monday, 31 October 2011

Mitrione?s inexperience shows, Kongo puts it together late to win at UFC 137

Mitrione?s inexperience shows, Kongo puts it together late to win at UFC 137

LAS VEGAS - He's was dubbed "Meathead" during Season 9 of "The Ultimate Fighter" for a reason. Matt Mitrione has a goofy nature about him and tonight it cost him.

Mitrione never pressed on the gas pedal and allowed Cheick Kongo to grab a unanimous decision victory, 30-27, 30-28, 29-28 in the co-main event at UFC 137.

The former Big 10 defensive lineman had Kongo backing up for two rounds, but when he didn't throw enough punches, it opened the door for the Frenchman to get aggressive.

Kongo scored two big slam takedowns in the final round and beat up Mitrione on the ground to lock up the fight.

[Related: UFC 137: Penn, 'Cro Cop' may retire after losses]

The first two rounds were both frustrating and exciting at times.

Kongo (17-6-2, 10-4-1 UFC) is one of the most accurate strikers in UFC history, but Mitrione didn't care. He pressed forward and made the hulking Kongo look a little scared.

"I felt like I was chasing him a lot so I couldn't force anything. I'm just really dissappointed in the whole thing," said Mitrione.

One problem though, Mitrione never let his hands go. He'd throw a flurry here or there, but he spent most of the time faking and smiling. Meanwhile, Kongo landed a few well-placed punches and scored enough with leg kicks to win over the judges. According to Fight Metric, Kongo attempted 97 strikes to just 52 from Mitrione during the first two rounds.

"I wasn't sure how to react to Mitrione's movements in the beginning. I was happy with my performance, especially my striking. I wanted to make him work. My game plan was to wait and see what he did," said Kongo.

Considering he didn't fight professionally until late 2009, it's not an awful loss for Mitrione. A defensive tackle at Purdue, Mitrione (5-1) spent several years bouncing around the NFL as he struggled with foot and ankle issues. The 33-year-old is extremely athletic with good natural fighting instincts. Tonight, he was just way too patient.

Mitrione?s inexperience shows, Kongo puts it together late to win at UFC 137

Kongo's now won three of four fights. The other one was a draw against Travis Browne.

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Source: http://sports.yahoo.com/mma/blog/cagewriter/post/Mitrione-s-inexperience-shows-Kongo-puts-it-tog?urn=mma-wp8739

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Aiming low at Istanbul meeting on Afghanistan (Reuters)

KABUL (Reuters) ? Western officials are not setting the bar very high for Afghan diplomats who will meet regional counterparts in Istanbul this week, the first of two conferences that will go a long way to shaping the future of international involvement in Afghanistan.

Attending the meeting will be U.S. Secretary of State Hillary Clinton, plus foreign ministers from France, Germany and Poland, and representatives from NATO and the United Nations.

Turkey's President Abdullah Gul will host a trilateral meeting with Pakistan's President Asif Zardari and Afghanistan's Hamid Karzai Tuesday.

The Afghan government and its foreign backers are preparing for the end of 2014, the deadline for foreign combat troops to return home, even though some foreign troops will remain as trainers and advisers.

Some Afghans fear their own security forces will be unable to cope with the insurgency when the majority of foreign troops go and that their country may fall into another civil war.

Wednesday's Turkish session with the Afghan and Pakistani leaders is meant to agree on a framework for regional security and cooperation. This will include Afghan border nations Pakistan, Iran, China, Turkmenistan, Tajikistan and Uzbekistan, ahead of a wider-ranging meeting in Germany in December.

LOW EXPECTATIONS

Participants already have low expectations.

"If they agree on the roadmap leading toward a meaningful regional security dialogue and application of security-building measures on a regional level, that will be a success by itself," a senior Western official said.

"(There are) low expectations, but if they launch the process, in that respect it will be a success."

Afghanistan, which argues that militancy and drug trafficking are cross-border problems that need cross-border solutions, wanted legally binding security commitments to be made in Istanbul. Kabul has since had to concede that only a non-binding, watered-down agreement will be possible.

"Regional cooperation is crucial not just for achieving long-desired security, stability and prosperity for the people of Afghanistan ... but also in the wider region," said Afghan deputy foreign minister Jawed Ludin, addressing diplomats before closed-door talks in the run-up to the Istanbul meeting.

Regional heavyweight Pakistan would be crucial to any cross-border security initiative. It also harbors modest ambitions.

"We envisage this conference as a platform to express the region's solidarity and support for Afghanistan in its endeavors to establish peace and stability," Pakistani foreign ministry spokeswoman Tehmina Janjua said in a weekly briefing.

A fellow Muslim country and a NATO member, Turkey has had strong historical ties with both countries and has sought to encourage confidence-building measures between them.

Whereas Karzai and Zardari have a personal rapport, the Afghan and Pakistani intelligence services have a long history of mistrust. There have been frequent accusations the Pakistan military has backed Taliban militants in the hope of regaining influence in Kabul once Western forces withdraw.

Pakistani generals have long feared India could obtain more influence in Afghanistan, raising the specter of encirclement.

The Pentagon says insurgents abetted by Pakistan pose the big threat to U.S.-led forces in Afghanistan, and several high-profile attacks in Kabul were carried out by the al Qaeda-linked Haqqani network, based in eastern Afghanistan and Pakistan.

Such threats were underscored again Saturday, when a suicide bomber in Kabul killed 13 troops and civilian employees from the NATO-led force, as well as four Afghans -- the deadliest single ground attack against the coalition in 10 years.

The often tense relationship between Washington and Islamabad aside, platitudes from Pakistan about Wednesday's meeting will not change the situation in Afghanistan.

"The Afghans have had to lower their ambitions a bit in the face of some regional objections," a second senior Western official said.

Rather than aim high and fail, those involved in the talks have settled for modest goals that are easier to reach.

"The idea is to leave a senior level group which would meet in a few months and start applying some of the confidence-building measures," the first Western official said.

"It's going to be very difficult because of the very different and conflicting agendas of regional players."

After Istanbul will come the Bonn conference, a December gathering at which donor countries hope to agree on what their commitments will be beyond the end of 2014.

"It's going to be a long-term process," Afghanistan's Ludin said. "We are not going to achieve the aims we all aspire to in one conference alone."

(Additional reporting by Augustine Anthony in Islamabad and Simon Cameron-Moore in Istanbul; Editing by Paul Tait and Sophie Hares)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20111030/wl_nm/us_afghanistan_security_conference

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Giants rally past winless Dolphins

Manning throws for 345 yards, 2 TDs in 20-17 victory

IMage: EliGetty Images

Giants quarterback?Eli Manning finds a receiver. Manning threw for 345 yards in the Giants' win over the Dolphins.

By TOM CANAVAN

updated 4:26 p.m. ET Oct. 30, 2011

EAST RUTHERFORD, N.J. - Tom Coughlin told his Giants to watch out for the winless Miami Dolphins and they came real close to missing the message.

Luckily for New York, Eli Manning was there to pick up everyone ? and put embattled Dolphins coach Tony Sparano under even more pressure.

Manning threw a 25-yard touchdown pass to Victor Cruz with 5:58 to play and the Giants barely avoided a post-bye letdown, keeping Miami winless with a 20-17 victory Sunday.

Manning hit 31 of 45 passes for 345 yards and two touchdowns in rallying the Giants from an 11-point first-half deficit. Mario Manningham caught the other touchdown, a 7-yard play that got New York (5-2) back into the game late in the first half.

Lawrence Tynes kicked two short field goals, and New York's defense got four sacks on the Dolphins' final two drives. Corey Webster iced it with his third interception in the last two games.

Steve Slaton and Matt Moore (13 of 22 for 138) capped the Dolphins' first two drives with 1-yard runs. But Miami could only muster a 40-yard third-quarter field goal by Dan Carpenter the rest of the way.

The Giants' winning drive covered 53 yards in six plays and came after the defense forced Miami (0-7) to punt from its 22.

Ahmad Bradshaw, who missed much of the second half getting his right foot X-rayed, had runs of 2 and 11 yards to get the drive started and Manning hit Hakeem Nicks for 17 yards to the Miami 23.

The quarterback found a wide open Cruz over the middle and the New Jersey native spun out of Will Allen's attempted tackle at the 5-yard line. Cruz seemingly was flung into the end zone by the former first round pick of the Giants.

A kickoff return by Slaton to the Dolphins 45 resulted in nothing when New York got two sacks, the last by a combination of Mathias Kiwanuka and Justin Tuck, who was playing for the first time in four games.

Miami, which wasted two timeouts early, got the ball back at its 16 with 3:35 to play and quickly got a 24-yard completion to Davone Bess.

However, Osi Umenyiora and Kiwanuka got sacks for 10-yard losses on consecutive plays to set up Webster fourth-down pick.

Coughlin spent most of the week telling his team not to take the Dolphins lightly and for the first two series it looked like nobody on the defense listened.

Miami, which came in having scored seven touchdowns in its first six games, scored on its first two series.

Moore, who made the Giants look foolish two years ago in their last game in Giants Stadium, looked like Tom Brady ? next week's opponent ? in leading the Dolphins on scoring drives of 66 and 90 yards. He had a 15-yard third-down scramble to set up Slaton's 1-yard run, and an 11-yard third-down run on the longer drive that he capped with a fourth-down 1-yard bootleg.

After walking into the end zone, he spiked the ball with a vengeance.

Trailing 14-3, Manning hit 9 of 10 passes on a 13-play, 84-yard that he capped with a 7-yard fade to Manningham in the corner of the end zone.

New York earlier settled for a 25-yard field goal by Lawrence Tynes after a drive that reached the Dolphins 12 was short-circuited by consecutive penalties.

? 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Giants rally past winless Dolphins

??Eli Manning threw a 25-yard touchdown pass to Victor Cruz with 5:58 to play and the New York Giants barely avoided a post-bye letdown, keeping Miami winless with a 20-17 victory that might put more pressure on embattled Dolphins coach Tony Sparano.

Getty Images

Source: http://nbcsports.msnbc.com/id/45096144/ns/sports-nfl/

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Oakland mayor sorry for clash that injured ex-Marine (Reuters)

OAKLAND, Calif (Reuters) ? Oakland Mayor Jean Quan has apologized for a clash between police and protesters during a march against economic inequality that left an ex-Marine wounded, and said she would meet with demonstrators.

Quan, who has come under withering criticism for her handling of the protests, said in a written statement that she had met with ex-Marine Scott Olsen and his parents and was concerned about his recovery.

Olsen, 24, was struck in the head during protests in Oakland on Tuesday night and has become a rallying cry for the so-called "Occupy Wall Street" protests nationwide.

A spokesman for Highland General Hospital in Oakland said Olsen remained in fair condition on Friday, having been upgraded from critical one day earlier, and was visiting with his parents.

"I am deeply saddened about the outcome on Tuesday," Quan said in the statement. "It was not what anyone hoped for, ultimately it was my responsibility, and I apologize for what happened."

"When there's violence there are no winners," she said. "It polarizes us and opens old wounds rather than brings us together, which is the aim of Occupy Wall Street and uniting the 99 percent."

The Occupy Wall Street protests, which began in New York City last month, take issue with a financial system they say most benefits corporations and the wealthy. They are critical of U.S. government bailouts of big banks, high unemployment and economic inequality.

RALLYING CRY

The 99 percent refers to their rallying cry that the richest one percent of Americans control too much of the wealth.

Quan said she and acting Oakland Police Chief Howard Jordan would meet with representatives of the city's protesters but asked the group not to camp overnight in Frank Ogawa Plaza near city hall.

Police dismantled the encampment in the plaza early on Tuesday morning and protesters were marching to re-take it that evening when Olsen was injured.

Protest organizers say the ex-Marine was hit by a tear gas canister fired by police. City and police officials have not said how they believe Olsen was hurt but Jordan has opened an investigation into the incident.

On Friday the Iraq and Afghanistan Veterans of America called for a "full and complete investigation" into the circumstances surrounding the incident.

"The injury of any veteran is a serious concern to the broader veterans community -- especially when it happens on American soil," the group said in a statement on its website.

"Scott Olsen and his family are in our thoughts and prayers, and we hope for his speedy recovery."

Occupy Oakland organizers have called for a general strike over what they called the "brutal and vicious" treatment of protesters there, including Olsen.

At the downtown plaza where he was hurt, several hundred supporters turned out Thursday night for a candlelight vigil in which fellow activists from a group called Iraq War Veterans for Peace addressed the crowd.

One drew loud cheers when he said the police chief or mayor should resign.

(Writing by Dan Whitcomb; Editing by Greg McCune and Jerry Norton)

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/nm/20111028/us_nm/us_usa_wallstreet_protests_oakland

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Sunday, 30 October 2011

NBA sides eager to get deal in next few days

(AP) ? NBA owners and players called it an early night Thursday, with both pointing toward Friday as a decisive day for big moves to end the 119-day lockout.

Or not.

After two days of talks about the salary cap system, they will turn their attention back to the division of revenues, which derailed the negotiations last week.

This time, Commissioner David Stern said the talks had produced enough familiarity and trust "that will enable us to look forward to tomorrow, where we anticipate there will be some important and additional progress ? or not."

"But I think (union executive director Billy Hunter) and I share that view, and we're looking forward to seeing whether something good can be made to happen."

The sides again said there was some minor progress on the system issues after about 7 1/2 hours of talks. They decided to wrap it up and get some rest following a marathon 15-hour session Wednesday, and with union economist Kevin Murphy unavailable Thursday to discuss finances.

Hunter said he thought the sides were "within striking distance of a getting a deal" on the system, but there's still no indication either side is ready to make the big move necessary to settling the BRI split.

Owners have insisted they're not going beyond 50-50, which means the sides are still about $100 million apart annually, based on last season's revenues. Players have proposed reducing their guarantee from 57 percent down to 52.5, but they're unlikely to go much further without some concessions on the system issues.

"I think we're within reach and within striking distance of getting a deal," Hunter said. "It's just a question of how receptive the NBA is and whether or not they want to do a deal."

Asked when the significant move would happen, Hunter noticed Stern sitting in the back of his press conference and said to ask the commissioner.

"Tomorrow!" Stern yelled out.

"There are no guarantees that we'll get it done, but we're going to give it one heck of a shot tomorrow," Stern said a few minutes later in his press conference. "I think that Billy and the union's negotiators feel the same way. I know that ours do."

If they don't, Stern will have to decide whether to add more cancellations to the two weeks that have already been lost.

A full season might be difficult even with a deal this week. It takes roughly 30 days from agreement to games being played, so it's uncertain if there's still time for any basketball in November even before examining arena availability. But 82 games would be a boost for the players, meaning they wouldn't miss the paycheck that seemed lost when the first two weeks were scrapped.

It was widely expected Stern would announce further cancellations this week after talks broke down a week ago. Instead, the sides were in communication the next day, staffs met Monday, and they were back at the bargaining table Wednesday, acting on Hunter's recommendation to "park" the revenue split and focus first on the system issues.

Players want a system that looks a lot like the old one, where teams have the ability to exceed the salary cap and where contracts and their raises are guaranteed. Owners are seeking changes that they believe would create more competitive balance by removing the big market teams' ability to spend freely beyond the cap.

They have attempted to do that by increasing the penalties teams would have to pay for exceeding the tax level. Players argue the taxes are too punitive and would scare teams from spending, thereby creating a hard cap.

"Our position hasn't changed much," union president Derek Fisher of the Lakers said. "We're just trying to make sure that players have an opportunity to have a market for themselves and for their services, the same way we're trying to meet the league and our teams on all 30 teams being competitive."

Players have said the issues of the system and split are largely tied together, though Stern and Deputy Commissioner Adam Silver have said they believe they are separate.

The key question is whether owners will insist on having both ? and it sounds like they might.

"We need to resolve both issues and both issues are critical," Silver said. "One is not dependent on the other."

The sides again met in the small-group format that has been most successful in the lockout, with Dallas Mavericks owner Mark Cuban and union vice president of the Knicks Roger Mason Jr. also joining the talks.

The sides have seemed close before, only for the talks to break down. It was the system issues earlier this month, followed by the split last week after three days of mediation.

They are hoping a deal can be completed by early next week, with the union believing if so there would still be enough time to reschedule the canceled games. But they've now arrived at what might be the toughest part, because it always seemed these talks would come back to money.

"We're working at it," Fisher said. "It's a tough process and as we move through and try to close the gap in as many places as we can, it gets tougher towards the end."

___

Follow Brian Mahoney on Twitter: twitter.com/Briancmahoney

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2011-10-28-BKN-NBA-Labor/id-040c6269de0143eda4e2aed7c472e73a

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Timbuk2 Custom Eula Messenger Review

Phil Wenneck: You’re not really wearing that are you? Alan Garner: Wearing what? Phil Wenneck: The man purse. You actually gonna wear that or are you just *****’ with me? Alan Garner: It’s where I keep all my things. Get a lot of compliments on this. Plus it’s not a purse, it’s called a satchel. [...]

Source: http://the-gadgeteer.com/2011/10/30/timbuk2-custom-eula-messenger-review/

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Kim K's Hubby -- I Was Robbed Blind By My Wedding Guest

It looks great! Don't forget to tell your friends on Twitter and Facebook!

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Kim Kardashian's husband claims he was bilked out of hundreds of thousands of dollars by a guy he invited to his wedding ? a guy who's been arrested for allegedly running a $1.7 million investment scam. Andrey C. Hicks was a guest at Kim and Kri?

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Saturday, 29 October 2011

Jay-Z, Kanye West's Throne Tour Has Thrilling Liftoff

Regal rap titans bounced through Watch the Throne cuts and solo smashes in a set marked by a gaudy display of hits.
By Rob Markman


Jay-Z and Kanye West kick off Watch the Throne tour in Atlanta
Photo: Rob Markman/MTV News

ATLANTA, Georgia — Not even a stormy night could stop the regal reign of the Throne. On Friday, Jay-Z and Kanye West opened up their Watch the Throne Tour in Atlanta. While the WTT album has been noted for its opulent displays of wealth, Hov and Yeezy's show will be marked by the duo's overabundance of hit records.

The doors to the Philips Arena opened at 7:30 p.m. ET and, with no scheduled show opener, the house DJ played old slow jams like the Isley Brothers' "Between the Sheets," Little Beaver's "Get Into the Party Life" and Hank Crawford's "Wildflower" — all songs that have been sampled by Kanye and Jay at one time or another. Still, the subtle measure wasn't nearly enough to keep fans satisfied. By 9 p.m. ET, the crunked-up crowd was restless and salivating for the night's stars.

With the house lights low and fans pumped, the multilayered instrumental from "H.A.M." came blaring through the sound system. The initial WTT track has been criticized by some as too over-the-top and too much unlike anything in Jay and 'Ye's respective catalogs, but the helter-skelter mix of crashing symbals, bleeps, beeps and bombastic bass was clearly built specifically for sports stadiums and grand auditoriums.

The build was perfect, even if the execution wasn't. Kanye commandeered a rising platform at the front of the stage, while Jay simultaneously occupied a similar lift that was situated on the floor in the middle of the crowd. Within moments, the duo were elevated in unison towering above the audience, volleying verses from one side of the arena to the other. Jay stumbled vocally, though: His ear piece short-circuited and failed to properly feed him the music and his timing was clearly affected. For a time, Hov's raps were badly off beat.

But there were no fits and no cursing at the sound man. Instead, Jay fought through the malfunction, which lasted through the next song. While mid-verse on the dubstep-laced "Who Gon Stop Me," Jigga cued to have the music cut, then finished his bars a capella, buying time until the technical mistake was corrected. From there, perfection ensued.

"Otis" came early in the set. With a Givenchy-designed American flag flashing on the stage's main screens, the Throne bounced through their fan-fave with a youthful glee. Surprisingly, the Roc Boys performed a number of hyped-up Watch the Throne cuts in the first quarter of the show.

With the Throne tone set, Kanye disappeared from the stage while Jay got his rocks off spitting his 1997 street banger "Where I'm From." Throughout the night, Hov and Yeezy would trade off, rocking a few solo songs a piece, before coming together for something collaborative. 'Ye tore through "Can't Tell Me Nothing" and "Jesus Walks" all by himself, before Jigga reappeared for Yeezy's "Diamonds from Sierra Leone (Remix)."

Jay's "Public Service Announcement" and "You Don't Know" were played against Kanye's "Good Life" and "Power" in a sound clash of sorts. By the time the Louis Vuitton Don launched into the gut-wrenching "Runaway," he had hit his stride. He even remixed "Runaway," pleading with the crowd to hold on to their loved ones as he sang, "If you love somebody tonight, hold on real tight." It was effective as couples in the crowd, hugged, danced and two lovebirds even made out.

In a comical section of the set, Jay-Z and the College Dropout weaved a funny story line where their hits "Big Pimpin'," "Gold Digger" and "99 Problems" became a narrative for Jay to school his "little brother" on the opposite sex.

Kanye owned the outfit of the night. After one particular wardrobe change, he marched out to "Touch the Sky" sporting a tribal-type jacket, leather kilt, leather pants underneath and his glow-in-the-dark Air Yeezys. Hov's black Yankee snapback and matching hoodie were no match.

Every time the crowd thought the two-hour-plus show was over, it wasn't. First there was "N---as in Paris." The track's Will Farrell intro ("We're gonna skate to one song and one song only") brought on the moment that everyone was waiting for. As the Atlanta crowd bounced feverishly to the Hit Boy-produced single, Jay halted the proceedings midway: "Start that sh-- over," he barked as the Throne's most-energetic selection of the night brought the crowd to an apex.

Next was Jay's "Encore," followed by an inspirational rendition of "Made in America," complete with images of Martin Luther King Jr. and "sweet brother" Malcolm X flashing on the big screen. Finally, the Throne closed with the rocked-out "Why I Love You," saluting the crowd as they moseyed offstage. "Peace ATL, thanks for all the love. Goodnight," Jay-Z said.

On a night where the two kings put their wealth on full display, lucky for Atlanta, Jay and Kanye West were willing to share.

Share your thoughts on the Throne's Atlanta tour kickoff in the comments below!

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Source: http://www.mtv.com/news/articles/1673399/kanye-west-jay-z-watch-the-throne-tour.jhtml

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Obama says he is confident in European leadership (AP)

WASHINGTON ? President Barack Obama said a new European plan to tackle the continent's debt crisis would have an impact on the U.S. economy, but he stopped short of saying whether it would be enough to prevent another global recession.

"If Europe is weak, if Europe is not growing, as our largest trading partner that's going to have an impact on our businesses and our ability to create jobs here in the United States," Obama said during remarks in the Oval Office.

European leaders agreed Thursday to a deal to have banks take bigger losses on Greece's debts and to boost the region's weapons against market turmoil.

While Obama did not address specifics of the deal, he praised European leaders for recognizing that it was in the world's interest to stabilize the continent's economy. When asked whether the deal would prevent another recession, Obama would only say that the agreement was a sign of progress.

"The key now is to make sure that it is implemented fully and decisively and I have great confidence in the European leadership to make that happen," he said.

Obama is due to meet with several European leaders next week in France during the G-20 economic summit.

The president spoke at the beginning of a meeting with Prime Minister Petr Necas of the Czech Republic. Necas had arrived in Washington from Brussels, where he had been part of the Eurozone negotiations, Obama said.

World stock markets surged Thursday on the news that the leaders had clinched a deal that everyone hopes will prevent the crisis from pushing Europe and much of the developed world back into recession and keep the currency union from unraveling. But analysts were more cautious, noting that the deal remains vague and its success hangs on the details.

The strategy unveiled after 10 hours of negotiations focused on three key points. These included a significant reduction in Greece's debts, a shoring up of the continent's banks, partially so they could sustain deeper losses on Greek bonds, and a reinforcement of a European bailout fund so it can serve as a $1.39 trillion firewall to prevent larger economies like Italy and Spain from being dragged into the crisis.

In an appearance with Greek Foreign Minister Stavros Lambrinidis in Washington Thursday, U.S. Secretary of States Hillary Rodham Clinton also praised the European plan and Greece's efforts to reform its economy.

"The Greek people are making major changes and big sacrifices to return their country to financial health and economic competitiveness," she said.

_____

Associated Press writer Desmond Butler contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ap/20111027/ap_on_go_pr_wh/us_obama_europe

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Top Obama aide vents frustration with Congress (Reuters)

WASHINGTON (Reuters) ? A top aide to President Barack Obama expressed frustration on Friday with his fellow Democrats as well as Republican members of Congress for resisting the White House's domestic agenda.

The comments by Obama's chief of staff William Daley, made in an interview with the Politico newspaper, could add to tension that has arisen between Obama and some congressional Democrats.

"On the domestic side, both Democrats and Republicans have really made it very difficult for the president to be anything like a chief executive," Daley told Politico. "This has led to a kind of frustration."

Some Democrats have been unhappy with Obama's handling of this year's budget battles, viewing him as having been too willing to compromise with Republicans on their demands for spending cuts to cherished social programs.

"There's no question that Democrats haven't agreed, or some Democrats haven't agreed, with every position the president has taken on every issue," White House spokesman Jay Carney told reporters.

Democrats were upset when word leaked out last summer about the shape of a "grand bargain" on deficit reduction that was discussed between Obama and Republican House of Representatives Speaker John Boehner. Under discussion were changes to the Social Security retirement program that Democrats opposed.

Ultimately, Boehner walked away from the talks because his fellow Republicans balked.

Carney, seeming to play down Daley's comments, said it had been Republicans, not Democrats, who have thwarted the president's agenda.

"The obstacle to getting things done that the American people want done on the economy and jobs has been congressional Republicans," Carney said.

Obama this week took a series of actions on the economy, including steps to help struggling homeowners, college students and small businesses, that do not require congressional action.

Rolling out a new slogan, "We can't wait," Obama has pledged to take further executive actions.

The White House has sought to paint Republicans as obstructionists for impeding his $447 billion jobs package and the new executive actions are aimed at part in putting pressure on them to work with the administration on that legislation.

(Writing by Caren Bohan; Editing by Eric Walsh)

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/nm/20111028/pl_nm/us_obama_daley

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Friday, 28 October 2011

JetBlue profit falls as higher costs crimp sales (AP)

NEW YORK ? Higher oil costs overshadowed rising fares and fees in the third quarter for JetBlue Airways Corp., sending its profit down 41 percent.

But despite fears that Americans are tightening budgets, JetBlue said it's not seeing a slowdown in demand.

The New York airline said Wednesday that higher fuel costs and Hurricane Irene, which led it to cancel 1,400 flights, hurt its July-September quarter.

JetBlue earned $35 million, or 11 cents per share, compared with $59 million, or 18 cents per share, a year ago.

Revenue rose 16 percent to about $1.2 billion.

Analysts polled by FactSet Research were expecting a profit of 13 cents per share on $1.18 billion in revenue.

JetBlue's average fare was up about 9 percent to $154.88 during the quarter. It also benefited from new efforts to court higher-paying business travelers in Boston.

But that wasn't enough to account for the airline's rising fuel bill.

JetBlue said its fuel costs jumped 56 percent in the July-September period from a year ago, while overall expenses rose 22 percent. Maintenance costs rose 35 percent.

The airline was one of the hardest hit among U.S. carriers in late August when Hurricane Irene made its way up the East Coast. JetBlue said on Wednesday that the storm cut its operating income by about $8 million in the third quarter.

The storm hit ahead of the important Labor Day holiday. At one point, most major Northeast airports were closed.

JetBlue's traffic in the third quarter rose about 8 percent, while the number of its available seats rose by about the same amount. On average, 84.5 percent of seats were filled with paying passengers, almost unchanged from last year.

The airline expects its number of available seats will rise by between 8 and 10 percent in the fourth quarter and between 6 and 8 percent for the year. It's taking delivery of two new planes before year's end.

In a conference call with analysts, interim Chief Financial Officer Mark Powers said the company is succeeding in its effort to lure more higher-paying travelers. That includes those traveling for business as well as those who select its roomier seats for an extra charge. JetBlue added more of those seats in the third quarter and expects to add more next year, too. It predicts it will bring in about $100 million in total revenue this year from its "Even More Space" seats, which have more legroom and also allow passengers to get on the plane first.

Looking ahead to the critical Thanksgiving and Christmas travel periods, JetBlue said its bookings are "shaping up nicely." The airline is one of the most vulnerable to swings in consumer demand because it doesn't have as many business travelers as other major airlines.

Shares fell 7 cents, or 1.6 percent, to $4.29 in afternoon trading.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20111026/ap_on_bi_ge/us_earns_jetblue

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NASA to launch new Earth-observing satellite (AP)

LOS ANGELES ? After a five-year delay, an Earth-observing satellite will be launched to test new technologies aimed at improving weather forecasts and monitoring climate change.

The $1.5 billion NASA mission comes in a year of weather extremes from the Midwest tornado outbreak to the Southwest wildfires to hurricane-caused flooding in New England.

"We've already had 10 separate weather events, each inflicting at least $1 billion in damages," said Louis Uccellini of the National Oceanic and Atmospheric Administration.

The satellite will lift off before dawn Friday from Vandenberg Air Force Base, Calif., aboard a Delta 2 rocket that will boost it into an orbit some 500 miles high.

The space agency already has a fleet of satellites circling the Earth, taking measurements of the atmosphere, clouds and oceans. But many are aging and need replacement.

The latest ? about the size of a small school bus ? is more sophisticated. It carries five different types of instruments to collect environmental data, including four that never before have flown into space.

One of the satellite's main jobs is to test key technologies that will be used by next-generation satellites set to launch in a few years.

NOAA meteorologists plan to feed the observations into their weather models to better anticipate and track hurricanes, tornadoes and other extreme weather.

The information will "help us understand what tomorrow will bring," whether it's the next-day forecast or long-term climate change, said Andrew Carson, the mission's program executive at NASA headquarters.

The satellite is part of a bigger program with a troubled history. Originally envisioned as a joint civil-military weather satellite project, ballooning costs and schedule delays caused the White House last year to dissolve the partnership.

Under the restructuring, the Defense Department is building its own military satellites while NASA is developing a new generation of research satellites for NOAA. Friday's launch is considered the first step toward that goal.

The satellite was supposed to fly in 2006, but problems during the development of several instruments forced a delay. NASA invested about $895 million in the mission while NOAA and the Air Force contributed $677 million.

For the launch, NASA invited 20 of its Twitter followers to Vandenberg, where they will receive front-row seats to view the liftoff.

Once in orbit, the satellite, built by Ball Aerospace & Technologies Corp. in Boulder, Colo., will spend the next five years circling the Earth from pole to pole about a dozen times a day. Data will be transmitted to a ground station in Norway and routed to the United States via fiber optic cable. NASA will manage the mission for the first three months before turning it over to NOAA.

___

Online:

Mission details: http://www.nasa.gov/npp

___

Follow Alicia Chang's coverage at http://twitter.com/SciWriAlicia

Source: http://us.rd.yahoo.com/dailynews/rss/space/*http%3A//news.yahoo.com/s/ap/20111027/ap_on_sc/us_sci_earth_satellite

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Thursday, 27 October 2011

Gaddafi son surrender would pose challenges to ICC (Reuters)

AMSTERDAM (Reuters) ? Negotiating the surrender of Saif al-Islam, the son of Libya's slain dictator Muammar Gaddafi, would present logistical and security challenges to the world's top war crimes court which will examine various possible scenarios to bring him to trial.

The International Criminal Court had charged Gaddafi, Saif al-Islam and Libya's former intelligence chief Abdullah al-Senussi with crimes against humanity for the bombing and shooting of civilian protesters in February.

A source with Libya's National Transitional Council said on Thursday Saif al-Islam wants an aircraft, possibly arranged by a neighboring country, to take him out of Libya's southern desert so he can turn himself in to the ICC.

If arranged, Saif al-Islam would be transported to The Hague where the ICC shares a detention unit with the U.N. Yugoslavia war crimes tribunal and the Special Court for Sierra Leone, where former Liberian president Charles Taylor is on trial.

The court is trying to confirm with the NTC whether Saif al-Islam wants to surrender and, if the information is confirmed, will consider the best measures for his transfer, ICC spokesman Fadi El Abdallah said.

"It depends on where the suspect is and how we can get into contact with him and what would be necessary to bring him to The Hague. There are different scenarios," El Abdallah said.

With no police force of its own, the ICC has relied in the past on state co-operation to have its suspects arrested and many of them have remained fugitives such as Sudan President Omar al-Bashir whose government has snubbed the court.

Still, the ICC assisted in transporting several Sudanese rebels to The Hague in recent years to face charges over the killing of 12 African Union peacekeepers in Darfur in 2007.

The Dutch authorities provide assistance to the Hague-based courts in the transfer of suspects to the detention center, such as when former Bosnian Serb military commander Ratko Mladic was flown to Rotterdam on a Serbian government plane.

Mladic was then transferred by the Dutch authorities by helicopter or car to the detention center in The Hague.

"The ICC itself is responsible for transfers to the Netherlands. Upon arrival of a suspect in the Netherlands, we give logistical support," a spokesman at the Dutch foreign ministry said.

If Saif al-Islam were to slip into Niger, an ICC member state, the Niger government has an obligation to arrest him, while Tunisia and Mali are also member states. Algeria is not.

"The question is to what extent these countries are ready to manage the pressure that will be put on them by an ICC transfer as it will have implications for them with other African countries," said Damien Helly at the European Union Institute for Security Studies.

The African Union has been critical of the ICC's focus on Africa and has opposed the arrest warrant for Sudan's Bashir, who has traveled to ICC member states Malawi, Chad, Kenya and Djibouti in the past without being arrested.

Surrendering to the court would, at the very worst, put Saif al-Islam in prison.

But Helly questioned whether Saif al-Islam was "desperately trying to save his life" or whether his offer to surrender was a way of buying time or bargaining to improve his situation.

DEFENSE

Once in The Hague, Saif al-Islam would be held at the ICC detention center, located near the beach in a leafy residential neighborhood in The Hague.

The detention center is built next to an old prison where Dutch resistance fighters were imprisoned by the Nazis and inmates have single-occupant cells about 10 square meters in size, where they can watch TV, read or work on their cases.

Each cell in the ICC wing contains a bed, desk, bookshelves, a cupboard, toilet, hand basin and a telephone, although calls are placed by the centre's staff. Detainees can work on their cases using computers but cannot access email or the internet.

They can engage in sports activities and other hobbies.

But if he arrives in The Hague, Saif al-Islam would be also required to appear in court for an 'initial appearance', where he would be formally charged and informed of his rights.

ICC prosecutor Luis Moreno-Ocampo accused Gaddafi, Saif al-Islam and al-Senussi of drawing up a "predetermined plan" to kill protesters and said that Gaddafi gave the orders, while Saif al-Islam organized the recruitment of mercenaries.

Peter Robinson, a legal adviser to former Bosnian Serb president Radovan Karadzic who is on trial at the Yugoslavia tribunal, also said Saif al-Islam should not try to defend himself by arguing he was just obeying orders.

"A person is required under international law not to obey an illegal order. It would not be useful for Saif al-Islam to defend himself on the grounds that he was just obeying orders from his father," Robinson said.

He said a more useful defense would be to argue that crimes were committed upon orders from lower-level commanders.

Geert-Jan Knoops, a Dutch-based international criminal law attorney, said Saif al-Islam could challenge the ICC case on two main fronts, arguing an "abuse of process" or by proving there is no evidence of a "political plan" to kill protesters.

He said Saif al-Islam could argue that the ICC prosecution was politically influenced and forced by the United Nations to achieve a regime change instead of protection of human rights in Libya. "It can be argued that the ICC prosecution and procedures are abused; in other words: abuse of process," Knoops said.

(Reporting By Aaron Gray-Block)

Source: http://us.rd.yahoo.com/dailynews/rss/africa/*http%3A//news.yahoo.com/s/nm/20111027/wl_nm/us_libya

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There Are Glimpses of Blade Runner in This Tokyo Time Lapse [Video]

Last week we brought you a collection of stunning images from Dubai that made the city look like scenes taken from Ridley Scott's Blade Runner. But this week it's Tokyo vying for the title of Blade Runner incarnate with these time lapse clips of the city captured by Samuel Cockedey. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/di8gdveheAA/there-are-glimpses-of-blade-runner-in-this-tokyo-time-lapse

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Wednesday, 26 October 2011

Names of Casey Anthony jurors released in Fla.

A court released the names of the jurors in the Casey Anthony trial for the first time since they acquitted the Florida woman of murdering her 2-year-old daughter, Caylee.

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The "cooling off" period a Florida judge cited in delaying the release for three months ended Tuesday, and the names of 12 jurors and three alternates were released by the Pinellas County Clerk of Court.

After the trial ended in July, Judge Belvin Perry said he wanted some time to pass before the names were made public because some of the jurors had received death threats.

The jurors were selected from Pinellas County, along Florida's Gulf Coast, because of concerns about pretrial publicity in Orlando, where the two-month trial was held. The jurors were sequestered until the verdict was announced.

Anthony was acquitted of killing Caylee and released from jail a couple of weeks after the trial ended. She is now serving probation on an unrelated check fraud charge at an undisclosed location in Florida.

She was deposed earlier in October for a civil lawsuit that accuses her of ruining another woman's reputation. Anthony told detectives in 2008 that her daughter had been kidnapped by a nanny named Zenaida Gonzalez. The child's body was later found in a wooded area not from the Anthony's home in Orlando.

Detectives have said no such baby sitter existed. But there is an Orlando woman named Zenaida Gonzalez, and she sued Anthony over the name confusion.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.msnbc.msn.com/id/45029137/ns/us_news-crime_and_courts/

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Skydance Productions signs Orci and Kurtzman to a deal (Reuters)

LOS ANGELES (TheWrap.com) ? Roberto Orci and Alex Kurtzman, the writing team behind "Transformers," "Star Trek," "Mission: Impossible 3" and "Cowboys & Aliens," are joining Skydance Productions, TheWrap has learned.

It's not clear exactly what their role will be; an individual close to negotiations between the producers and Skydance characterized it as "a uniquely structured deal," but did not provide further details.

The two currently run Kurtzman Orci Paper Products, which produces the CBS hit "Hawaii Five-O." In 2010, they signed a development deal with Fox television. And they have a two-year production deal at DreamWorks. That deal expires this December.

Producer David Ellison -- son of Oracle co-founder and billionaire Larry Ellison -- runs Skydance.

Kurtzman-Orci are writing and producing the "Star Trek" sequel with Ellison; all three are producing "Without Remorse," based on the Tom Clancy novel. Over the years, they have developed a friendship as well as a professional relationship.

Skydance has a $350 million fund it uses to co-finance movies at Paramount. Its projects include "Mission: Impossible 4 -- Ghost Protocol" and "World War Z."

An individual close to DreamWorks told TheWrap that the two spoke with DreamWorks higher-ups before accepting the Skydance deal and explained that they had been offered something too good to turn down.

DreamWorks likes Kurtzman and Orci and has their project, "Racing Dreams" in development now. It's also releasing Kurtzman's directorial debut, "Welcome to People," in 2012. That movie is about a man who has to deliver $150,000 of his deceased father's fortune to his sister -- whom he never has met.

Skydance declined to comment.

Source: http://us.rd.yahoo.com/dailynews/rss/movies/*http%3A//news.yahoo.com/s/nm/20111025/film_nm/us_orcikurtzman

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Research finds gallium nitride is non-toxic, biocompatible - holds promise for implants

Research finds gallium nitride is non-toxic, biocompatible - holds promise for implants [ Back to EurekAlert! ] Public release date: 24-Oct-2011
[ | E-mail | Share Share ]

Contact: Matt Shipman
matt_shipman@ncsu.edu
919-515-6386
North Carolina State University

Researchers from North Carolina State University and Purdue University have shown that the semiconductor material gallium nitride (GaN) is non-toxic and is compatible with human cells opening the door to the material's use in a variety of biomedical implant technologies.

GaN is currently used in a host of technologies, from LED lighting to optic sensors, but it is not in widespread use in biomedical implants. However, the new findings from NC State and Purdue mean that GaN holds promise for an array of implantable technologies from electrodes used in neurostimulation therapies for Alzheimer's to transistors used to monitor blood chemistry.

"The first finding is that GaN, unlike other semiconductor materials that have been considered for biomedical implants, is not toxic. That minimizes risk to both the environment and to patients," says Dr. Albena Ivanisevic, who co-authored a paper describing the research. Ivanisevic is an associate professor of materials science and engineering at NC State and associate professor of the joint biomedical engineering program at NC State and the University of North Carolina at Chapel Hill.

Researchers used a mass spectrometry technique to see how much gallium is released from GaN when the material is exposed to various environments that mimic conditions in the human body. This is important because gallium oxides are toxic. But the researchers found that GaN is very stable in these environments releasing such a tiny amount of gallium that it is non-toxic.

The researchers also wanted to determine GaN's potential biocompatibility. To do this they bonded peptides the building blocks that make up proteins to the GaN material. Researchers then placed peptide-coated GaN and uncoated GaN into cell cultures to see how the material and the cells interacted.

Researchers found that the peptide-coated GaN bonded more effectively with the cells. Specifically, more cells bonded to the material and those cells spread over a larger area.

"This matters because we want materials that give us some control over cell behavior," Ivanisevic says. "For example, being able to make cells adhere to a material or to avoid it.

"One problem facing many biomedical implants, such as sensors, is that they can become coated with biological material in the body. We've shown that we can coat GaN with peptides that attract and bond with cells. That suggests that we may also be able to coat GaN with peptides that would help prevent cell growth and keep the implant 'clean.' Our next step will be to explore the use of such 'anti-fouling' peptides with GaN."

###

The paper, "Gallium Nitride is Biocompatible and Non-Toxic Before and After Functionalization with Peptides," is forthcoming from Acta Biomaterialia and was co-authored by Ph.D. students Scott A. Jewett and Matthew S. Makowski; undergraduate Benjamin Andrews; and Michael J. Manfra all of Purdue. The research was funded by the National Science Foundation.



[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Research finds gallium nitride is non-toxic, biocompatible - holds promise for implants [ Back to EurekAlert! ] Public release date: 24-Oct-2011
[ | E-mail | Share Share ]

Contact: Matt Shipman
matt_shipman@ncsu.edu
919-515-6386
North Carolina State University

Researchers from North Carolina State University and Purdue University have shown that the semiconductor material gallium nitride (GaN) is non-toxic and is compatible with human cells opening the door to the material's use in a variety of biomedical implant technologies.

GaN is currently used in a host of technologies, from LED lighting to optic sensors, but it is not in widespread use in biomedical implants. However, the new findings from NC State and Purdue mean that GaN holds promise for an array of implantable technologies from electrodes used in neurostimulation therapies for Alzheimer's to transistors used to monitor blood chemistry.

"The first finding is that GaN, unlike other semiconductor materials that have been considered for biomedical implants, is not toxic. That minimizes risk to both the environment and to patients," says Dr. Albena Ivanisevic, who co-authored a paper describing the research. Ivanisevic is an associate professor of materials science and engineering at NC State and associate professor of the joint biomedical engineering program at NC State and the University of North Carolina at Chapel Hill.

Researchers used a mass spectrometry technique to see how much gallium is released from GaN when the material is exposed to various environments that mimic conditions in the human body. This is important because gallium oxides are toxic. But the researchers found that GaN is very stable in these environments releasing such a tiny amount of gallium that it is non-toxic.

The researchers also wanted to determine GaN's potential biocompatibility. To do this they bonded peptides the building blocks that make up proteins to the GaN material. Researchers then placed peptide-coated GaN and uncoated GaN into cell cultures to see how the material and the cells interacted.

Researchers found that the peptide-coated GaN bonded more effectively with the cells. Specifically, more cells bonded to the material and those cells spread over a larger area.

"This matters because we want materials that give us some control over cell behavior," Ivanisevic says. "For example, being able to make cells adhere to a material or to avoid it.

"One problem facing many biomedical implants, such as sensors, is that they can become coated with biological material in the body. We've shown that we can coat GaN with peptides that attract and bond with cells. That suggests that we may also be able to coat GaN with peptides that would help prevent cell growth and keep the implant 'clean.' Our next step will be to explore the use of such 'anti-fouling' peptides with GaN."

###

The paper, "Gallium Nitride is Biocompatible and Non-Toxic Before and After Functionalization with Peptides," is forthcoming from Acta Biomaterialia and was co-authored by Ph.D. students Scott A. Jewett and Matthew S. Makowski; undergraduate Benjamin Andrews; and Michael J. Manfra all of Purdue. The research was funded by the National Science Foundation.



[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2011-10/ncsu-rfg102411.php

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Tuesday, 25 October 2011

Santorum: Obama to blame for Iran's influence (cbsnews)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, RSS and RSS Feed via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/152273585?client_source=feed&format=rss

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Suspect in slaying of Ga. deputy served in Iraq (AP)

ATLANTA ? Investigators were awaiting autopsy results and military records in hopes they will shed light on why a National Guardsman allegedly gunned down a Georgia sheriff's deputy before committing suicide on the side of a highway.

Richmond County sheriff's Capt. Scott Peebles said investigators believe Spc. Christopher Michael Hodges had been deployed to Iraq, but they were awaiting more details from the U.S. military.

Officials say Hodges, 26, was firing gunshots at passing cars moments before off-duty Richmond County sheriff's Deputy James Paugh, 47, pulled over to investigate a suspicious car on the side of the road early Sunday.

Hodges and Paugh were found dead on the side of Bobby Jones Expressway after 1 a.m. Sunday.

A funeral service was planned for 11 a.m. Thursday for the deputy at First Baptist Church of Augusta.

"We're set up for more than 1,000," sheriff's Capt. Scott Gay said. "We know that people are coming from all over Georgia and from throughout the United States."

Gay said his department has been flooded with emails and notes from well-wishers.

One of them, from a doctor in Ohio, said the deputy "is a true hero" and expressed hope that his family finds some comfort.

"I hope the fact that he is being honored by so many brings them some comfort in this time of loss," the note stated. "May they feel comfort and love from across the nation."

"It's very hard to read some of these without getting emotional because this is certainly a trying time for us," Gay said.

Hodges served in the Tennessee National Guard but was on temporary duty at Georgia's Fort Gordon for training, said Buz Yarnell, a spokesman for the military post. Yarnell said he was not aware of any problems with Hodges before the shooting and he would not say if Hodges had previously been deployed in combat.

"On behalf of the Fort Gordon community, I wish to extend our heartfelt condolences to the families affected by the death of Richmond County Sheriff's Deputy James Paugh," Fort Gordon's commander, Maj. Gen Alan R. Lynn, said in a statement.

"While restricted in much of what we can say because of the ongoing investigation, we are extremely distressed in knowing that a Fort Gordon student soldier was involved in this tragic incident," he said.

Authorities said Hodges had been having some sort of dispute with a female on the side of the road, though it does not appear Paugh knew about that when he pulled up on his motorcycle. The deputy was on his way home from working at the sheriff's department.

The woman was questioned by law officers as a witness and is not facing any charges, Gay said.

Associated Press writer Russ Bynum contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/iraq/*http%3A//news.yahoo.com/s/ap/20111024/ap_on_re_us/us_deputy_killed_soldier

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Monday, 24 October 2011

Big banks under pressure in Europe crisis (AP)

BRUSSELS ? Big banks found themselves under pressure in Europe's debt crisis Saturday, with finance chiefs pushing them to raise billions of euros in capital and accept huge losses on Greek bonds they hold.

The continent's biggest financial institutions were at the center of talks as leaders entered marathon negotiations in Brussels, at the end of which they have promised to present a comprehensive plan to take Europe out of its crippling debt crisis.

"Between now and Wednesday we have to find a solution, a structural solution, an ambitious solution and a definitive solution," French President Nicolas Sarkozy said as he arrived in Brussels. "There's no other choice."

In addition to new financing for Greece, leaders want to make the banking sector fit to sustain worsening market turmoil and turn their bailout fund into a strong safety net that will stop big economies like Italy and Spain from falling into the same debt trap that has already snapped Greece, Ireland and Portugal.

But before the final deadline on Wednesday, they have to overcome many obstacles.

On Saturday, the finance ministers of the 27-country European Union decided to force the bloc's biggest banks to substantially increase their capital buffers ? an important move to ensure that they are strong enough to withstand the panic that a steep cut to Greece's debt could trigger on financial markets.

A European official said the new capital rules would force banks to raise just over euro100 billion ($140 billion), but finance ministers did not provide details on their decision. The official was speaking on condition of anonymity because it had been agreed to let leaders unveil the deal at their first summit Sunday.

"We have made real progress and have come to important decisions on strengthening European banks," George Osborne, the U.K.'s chancellor of the exchequer, said as he left Saturday's meeting.

The deal on banks was likely to be the only major breakthrough ready to announce on Sunday, leaving many important decisions and negotiations to be completed by Wednesday night.

On Friday, the first day of the marathon talks, the finance ministers of the 17 countries that use the euro ? and which have found themselves at the center of the crisis because of the currency they share ? agreed to demand Greece's private creditors take big losses on their bondholdings.

But they still have get the banks to come along and convince them that the cuts are the best way to ensure that Athens can eventually repay its remaining debts.

The picture in Greece, whose troubles kicked off the crisis almost two years ago, is bleaker than ever. A new report from Athens' international debt inspectors ? the European Commission, the European Central Bank and the International Monetary Fund ? proved that a preliminary deal for a second package of rescue loans reached in July is already obsolete.

That plan would have seen banks and other private investors take losses of some 21 percent on their Greek bond holdings, while the eurozone and the IMF were to provide an extra euro109 billion ($150 billion) in bailout loans.

But the report showed that in the past three months Greece's economic situation has deteriorated so dramatically that for the bank deal to remain in place, the official sector would have to provide some euro252 billion ($347 billion) in loans. Alternatively, to keep official loans at euro109 billion ($150 billion), banks would have to accept cuts of about 60 percent to the value of their Greek bonds.

"I believe we are now arriving at a more realistic view of the situation in Greece," said German Chancellor Angela Merkel, the country that has long been advocating a more radical solution to Athens' problems.

But Merkel and her eurozone counterpart were on for tough negotiations with the banks.

Charles Dallara, who has been representing private investors in the talks with the eurozone, said Saturday that negotiations that carried on sporadically throughout Saturday were making only slow progress.

"We're nowhere near a deal," he told The Associated Press in an interview.

Dallara, the managing director of the Institute of International Finance ? the world's biggest bank lobbying group ? said current plans to cut Greece's debt would leave the country as "a ward of Europe" for years.

He declined to say how much in losses banks would be willing to accept, saying only "we would be open to an approach that involves additional efforts from everyone."

The eurozone has been working hard to reach a voluntary agreement with banks, rather than forcing losses onto the lenders, because that could avoid triggering billions of euros on payout for bond insurance and could destabilize markets even further.

However, in recent weeks some officials have no longer insisted that the deal remain voluntary.

Agreement on arguably the most important measure in the crisis plan remained even more elusive Saturday: boosting the firepower of the currency union's euro440 billion ($600 billion) bailout.

Increasing the effectiveness of the fund ? called the European Financial Stability Facility ? is meant to help prevent larger economies like Italy and Spain from being dragged into the crisis. At the same time, the EFSF may be asked to help governments shore up their banks if they can't raise the necessary funds on financial markets.

But Germany and France still disagree over how to give the EFSF more firepower. France wants the fund to be allowed to tap the ECB's massive cash reserves ? an option that Germany rejects. Weaker economies, meanwhile, are wary of signing up to the other two parts of the grand plan ? bigger bank capital and cuts to Greece's debt ? without assurance that sufficient buffers are in place.

___

Sarah DiLorenzo, Elena Becatoros, Raf Casert and Slobodan Lekic in Brussels contributed to this story.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111023/ap_on_bi_ge/eu_europe_financial_crisis

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