Developed economies to grow by 1.6% in 2013: Lagarde

SANTIAGO: IMF chief Christine Lagarde upwardly revised the Fund's estimate of economic growth among developed nations, which she said would increase by 1.6 per cent next year, up from an earlier estimated 1.5 per cent.

She told Chile's La Tercera newspaper that developing countries should grow by 5.6 per cent, while the global economy is expected to expand by 3.6 per cent.

"So 2013 will be a little better than 2012," the Chilean daily quotes her as saying.

Lagarde was in Chile on Thursday and Friday for a visit that included a meeting with Chile's President Sebastian Pinera.

She also took part in a meeting of the Community of Latin American and Caribbean States.

- AFP/fa

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Report gives details of Fasih-Bhatkal partnership

NEW DELHI: Almost two months after Indian Mujahideen founder member Fasih Mehmood was brought to India from Saudi Arabia, TOI has exclusively accessed his interrogation report which gives a detailed account of IM's foundation, his first interaction with IM boss Zarar Ahmad Siddibappa alias Yasin Bhatkal, Riyaz and Iqbal Bhatkal.

The interrogation report clearly states that when Fasih was doing his engineering from Bhatkal (Karnataka), he came close to Yasin Bhatkal. His father Firoz Ahmad did not approve of his friendship with Bhatkal. The report further gives names of some people who were regular in his college apart from some new names, which are being looked for apart from his meeting with IM's media wing chief Abdus Subhan Qureshi.

Fasih was deported to India in October in what the government claimed was a 'big catch'. He was mainly wanted for the Meer Vihar factory arms haul and Chinnaswamy stadium bomb blast, but was alleged to have worked as an important financier for IM.

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Space Pictures This Week: Frosty Mars, Mini Nile, More

Photograph by Mike Theiss, National Geographic

The aurora borealis, also known as the northern lights, illuminates the Arctic sky in a recent picture by National Geographic photographer Mike Theiss.

A storm chaser by trade, Theiss is in the Arctic Circle on an expedition to photograph auroras, which result from collisions between charged particles released from the sun's atmosphere and gaseous particles in Earth's atmosphere.

After one particularly amazing show, he wrote on YouTube, "The lights were dancing, rolling, and twisting, and at times looked like they were close enough to touch!" (Watch his time-lapse video of the northern lights.)

Published December 14, 2012

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Obama Visits Families of Conn. Shooting Victims

President Obama has started visiting with families of the victims of the Sandy Hook Elementary School massacre, in which a gunman killed 20 young children and six adults in the school.

A White House official told ABC News that the president was meeting with the families devastated by this tragedy in classrooms at Newtown High School.

Assuming a consoling role that has become all too familiar for this presidency, Obama will also privately meet with some of the families affected by the tragic shooting, as well as local first responders.

The president has witnessed five mass shootings since assuming office in 2009, his reaction to this most recent tragedy in New England being his most publicly emotional. On Friday, tears collected in his eyes as he addressed the nation after the tragedy.

"The majority of those who died today were children, beautiful little kids between the ages of 5 and 10 years old," the president said, pausing to collect himself. "They had their entire lives ahead of them -- birthdays, graduations, weddings, kids of their own."

Brendan Hoffman-Pool/Getty Images

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But the president has also been more directly political in the immediate aftermath of these killings, as national discussions simmer over how to move forward and what, if any, policy is needed to prevent future violence. The president said it was time for "meaningful action" to prevent such tragedies, "regardless of the politics."

"We have been through this too many times, whether it's an elementary school in Newtown or a shopping mall in Oregon or a temple in Wisconsin or a movie theater in Aurora or a street corner in Chicago," he said of the other mass shootings in the past year alone. "These neighborhoods are our neighborhoods, and these children are our children."

It is a subtle but noticeable shift for Obama, who has not actively pursued stricter gun control during his four years in office despite pledges to do so during his 2008 candidacy. Although the White House says it needs support from Congress to move forward with strong legislation, it is also known that many politicians shied away to such reforms during the 2012 campaign season out of fear of alienating potential voters.

In reality the Obama administration has loosened federal restrictions on Second Amendment rights in some areas, including possession in national parks and on Amtrak. But during the second presidential debate in October the president signaled that he is ready to take new action on gun control, including reintroduction of the assault weapons ban that expired in 2004.

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Counting under way in Egyptian referendum

CAIRO: Counting was under way early Sunday after a first-round referendum on a divisive new constitution pushed through by President Mohamed Morsi and his Islamist allies despite weeks of opposition protests.

Polling stations in half the country, including the biggest cities of Cairo and Alexandria, were tallying the results from Saturday's voting.

The second round of the referendum is to be held next Saturday, after which the official result is to be given.

Morsi's Muslim Brotherhood and main media outlets said that, based on very early unofficial figures, it appeared that the polling was trending towards 70 percent support for the draft charter.

But the opposition disputed that, saying its preliminary figures suggested that 66 percent of the voters had rejected the proposed constitution. It claimed the Muslim Brotherhood had sought to "rig" the vote.

If those contradictory positions are maintained, Egypt's turmoil of the past three weeks over the draft constitution will not subside.

Violent clashes claimed eight lives on December 5 amid a highly polarised political climate.

Late Saturday, riot police fired tear gas to disperse dozens of hardline Islamists who attacked the central Cairo headquarters of the opposition liberal Wafd Party with fireworks and stones, officers at the scene told AFP.

On Friday, clashes between stone-throwing and sword-wielding Islamists and opposition supporters erupted in Egypt's second city of Alexandria, injuring 23 people according to the official MENA news agency.

To ensure security, 120,000 troops were deployed to reinforce 130,000 police.

Voting was being staggered, with half the country casting their ballots on Saturday and the other half a week later.

The Muslim Brotherhood has thrown its formidable organisational machine behind a campaign in favour of the draft constitution.

The proposed charter "offers rights and stability," said one Cairo voter who backed it, Kassem Abdallah.

It will help Egypt "return to normal", agreed another, Ibrahim Mahmoud, a teacher.

But many opposition voters were especially hostile toward the Brotherhood, which the Front believes wants to usher in strict Islamic sharia laws.

Abbas Abdelaziz, a 57-year-old accountant, said he voted against the charter "because I hate the Muslim Brotherhood. It's very simple. They are liars."

Sally Rafid, a 28-year-old Christian, said: "There are many things in the constitution people don't agree on, and it's not just the articles on religion."

International watchdogs, the UN human rights chief, the United States and the European Union have expressed reservations about the draft because of loopholes that could be used to weaken human rights, including those of women, and the independence of the judiciary.

Analysts said it was likely - but not certain - that the draft constitution would be adopted.

Whatever the outcome, "lasting damage to the civility of Egyptian politics will be the main outcome of the current path Morsi has set Egypt on," one analyst, Issandr El Amrani, wrote for his think tank, the European Council on Foreign Relations.

"If the 'no' vote wins, the Morsi presidency will have been fully discredited and the pressure for his resignation will only increase," he said. "If 'yes' wins, the protest movement is unlikely to die down, (and) may radicalise."

- AFP/de

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Govt plans own channel, real autonomy for DD

NEW DELHI: The information and broadcasting (I&B) ministry has asked regulator Trai for a review of the policy which disallows government ownership of television channels. This letter to the regulator is seen as a precursor to the Centre launching a TV channel of its own.

On November 30, I&B secretary Uday Kumar Varma wrote to Trai chairman Rahul Khullar asking him "to kindly provide your recommendations as to whether the following may be allowed" in broadcasting: central and state government ministries and departments, state-owned companies, undertakings and joint ventures.

Varma cited the instances of the governments of Gujarat, Punjab, Andhra Pradesh and the Union HRD ministry seeking permission to operate and distribute their TV channels which the I&B ministry has turned down because the current policy doesn't allow government presence in broadcasting.

Sources in the ministry said Doordarshan was allowed because it was ostensibly run by an autonomous body, Prasar Bharati. They also said that it was a question of time before Prasar Bharati is likely to be asked to raise and manage its own finances and that would automatically lead to the public broadcaster asserting its autonomy.

It's in this context that the government's letter seeking Trai's views on government presence in broadcasting acquires significance. Incidentally, Doordarshan enjoys 92% coverage of the country through its terrestrial network with a viewership of about 2.5 crore people.

Not just TV channels, the government is also keen on having a presence in print and radio too. There is urgency to the move in view of elections in 2014 when the government having its own media would be undoubtedly helpful.

While the Punjab government sought permission for its own TV channel, the Gujarat government and HRD ministry sought the I&B ministry's nod to set up educational channels on their own DTH platforms.

90% of I&B funds spent on Prasar Bharati

Sources said that the I&B ministry was looking to recast Prasar Bharati as a financially autonomous public service broadcaster like the BBC with independent sources of funding like licence fees, commercial programming and ads.

At present 90% of the ministry's fund is spent on funding Prasar Bharati's operations. I&B minister Manish Tewari is said to have discussed the issue with senior memeber of the government. "Why should there be a veil of hypocrisy in running one's own channel or paper? If there are 800 TV channels, allowing 30 more will only be a drop in the ocean. If there are 3,000 radio stations, there can be space for 30 more, and the same is true for papers," the sources said.

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Space Pictures This Week: Frosty Mars, Mini Nile, More

Photograph by Mike Theiss, National Geographic

The aurora borealis, also known as the northern lights, illuminates the Arctic sky in a recent picture by National Geographic photographer Mike Theiss.

A storm chaser by trade, Theiss is in the Arctic Circle on an expedition to photograph auroras, which result from collisions between charged particles released from the sun's atmosphere and gaseous particles in Earth's atmosphere.

After one particularly amazing show, he wrote on YouTube, "The lights were dancing, rolling, and twisting, and at times looked like they were close enough to touch!" (Watch his time-lapse video of the northern lights.)

Published December 14, 2012

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School Shooting Victims Were Shot Multiple Times

The gunman who massacred 20 children in a Connecticut elementary school riddled them with bullets, shooting some of them as many as 11 times, the medical examiner said today.

"I've been at this for a third of a century so my sensibilities may not be the that of the average man, but it's probably the worst I've ever seen," said Chief Medical Examiner H. Wayne Carver II, who has been a medical examiner for 36 years.

A team of 14 medical technicians worked through the night to complete the grisly job of identifying the children killed by Adam Lanza, 20, in the Sandy Hook Elementary School massacre so their names could be released today.

Several weapons were found in the school, including a semi-automatic rifle.

"All the wounds that I know of at this point were caused by the long weapon," Carver said, and many were shot at close range.

CLICK HERE for full coverage of the tragedy at the elementary school.

"I believe many of them were hit more than once," and he said the wounds were "all over" the children's bodies.

"I only did seven of the autopsies. The victims I had ranged from 3 to 11 wounds a piece," Carver said.

The names of the children slain Friday in the Newtown, Conn., school were released today.

To carry out the identifications, Carver said they "did not bring the families and the bodies into contact." He said the identifications were made through photographs of the children's faces. "It's easier on the families," he said.

Additional work is needed to complete the autopsies and identifications of the seven adults slain in Lanza's killing spree.

Emmanuel Dunand/AFP/Getty Images

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Fresh details of the massacre emerged including the fact that all of the young victims were first graders in two rooms.

Based on the Sandy Hook school directory, all the kids killed were in the first grade and were in two classrooms.

In one class, 15 of the 16 students listed were killed. In the other class, five of the 16 students died along with their teacher Victoria Soto. Also, nine of the deceased students have siblings in the school.

At a nearby firehouse that has become a center for the town a makeshift memorial and vigil has emerged under a sign that reads "Sandy Hook School." People have left flowers, candles, signs that read "Rest in Peace" and "God Bless Sandy Hook Elementary," as well as a cross made of blue flowers and a wreath of teddy bears

With the tally of Lanza's carnage complete, authorities and the grieving people of Newtown, Conn., are left to wonder why he turned the elementary school in this quaint New England town into a slaughter house.

Connecticut State Police Lt. Paul Vance said the investigation "did produce some very good evidence" about motive, but he would not go into further detail.

He indicated the evidence came from the shooting scene at the school as well as at the home where Lanza's mother, Nancy, was slain.

Also key will be the lone person shot by Lanza who wasn't killed. The female teacher has not been publicly identified.

"She is doing fine," Vance said at a news conference today. "She has been treated and she'll be instrumental in this investigation."

Vance said it appears that reports of an altercation involving Lanza at the school in the days before the mass slaying are not checking out.

Vance said that Lanza forced his way into the school, but did not say how.

Evidence emerged today that Lanza's rampage began in the office of school principal Dawn Hochsprung while the school intercom was on. It's not clear whether it was turned on to alert the school or whether it was on for morning announcements, but the principal's screams and the cries of children heard throughout the school gave teachers time to take precautions to protect their children.

Hochsprung was among those killed in the Friday morning killing spree.

READ: Connecticut Shooter Adam Lanza: 'Obviously Not Well'

Authorities have fanned out to New Jersey, Connecticut and Massachusetts to interview Lanza's relatives, ABC News has learned.

According to sources, Lanza shot his mother in the face, then left his house armed with at least two semi-automatic handguns, a Glock and a Sig Sauer, and a semi-automatic rifle. He was also wearing a bulletproof vest.

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US Dollar falls as fiscal cliff worries grow

NEW YORK: The US dollar dropped to its lowest level against the euro in three months Friday, the euro going above US$1.31 as politicians in Washington appeared no closer to averting the economy-crunching fiscal cliff.

With just over two weeks to go before the deadline, markets began to show strains from worries that US leaders will not be able to carve out a compromise deal to beat the year-end deadline to skirt the cliff's harsh mandatory budget cuts and tax hikes.

At 2200 GMT, the euro was at US$1.3161, compared to US$1.3073 late Thursday.

The US dollar has slipped steadily for a week amid cliff fears and the Federal Reserve's extension of its bond-buying easy monetary accommodation, aimed at sparking more growth in the sluggish US economy.

The yen was mixed ahead of Sunday's Japanese general election: the euro gained to 109.94 yen from 109.38 yen, while the US dollar slipped to 83.52 yen from 83.64.

"According to most reports out of Japan, former Prime Minister Shinzo Abe is well ahead in polls and his coalition government should easily take more than 60 per cent of the seats in Parliament, leading to Abe's return to the PM seat," said Neal Gilbert of GFT.

"Abe has made many declarations that he wants to become more aggressive with monetary policy by lowering interest rates to 0 per cent, increasing the inflation target to 3 per cent, and increasing the amount of QE (quantitative easing)."

Gilbert added that if Abe regains the premiership, the yen's weakness "may be much more long lasting."

The US dollar slipped against the Swiss franc to 0.9172 francs, while the British pound edged higher to US$1.6173.

- AFP/jc

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Space Pictures This Week: Frosty Mars, Mini Nile, More

Photograph by Mike Theiss, National Geographic

The aurora borealis, also known as the northern lights, illuminates the Arctic sky in a recent picture by National Geographic photographer Mike Theiss.

A storm chaser by trade, Theiss is in the Arctic Circle on an expedition to photograph auroras, which result from collisions between charged particles released from the sun's atmosphere and gaseous particles in Earth's atmosphere.

After one particularly amazing show, he wrote on YouTube, "The lights were dancing, rolling, and twisting, and at times looked like they were close enough to touch!" (Watch his time-lapse video of the northern lights.)

Published December 14, 2012

Read More..