Euro gains against US dollar in positive market






NEW YORK: The euro gained ground against the US dollar Monday as positive market sentiment spurred buying of riskier assets, such as the European currency.

The euro fetched US$1.3376 around 2200 GMT, up from US$1.3341 at the same time last Friday. Earlier, the unit brushed US$1.3404, its highest level in almost 11 months.

The euro continued to rise against the Japanese currency, to 119.65 yen from 119.00 yen late Friday, while the US dollar rose to 89.45 yen from 89.18 yen.

The market showed little reaction to a speech by Federal Reserve Chairman Ben Bernanke on the challenges facing the US economy, analysts said.

"I saw nothing very different from what has already been announced by the Fed," whether it be in the minutes from the last Federal Open Market Committee policy meeting in December or the FOMC statement, Charles St-Arnaud, a Nomura economist, said.

Wading into the Washington political fray over the federal budget and the borrowing limit, Bernanke called on Congress to lift the debt limit to avoid putting the country into default.

Kathy Lien of BK Asset Management said the market was waiting for Tuesday's US retail sales data for December, which covers the important holiday-shopping season.

"Consumer spending is the backbone of the US economy, and the only reason why investors obsess over the labour market is because they hope that stronger job growth will translate into stronger spending," Lien said.

The euro rise was buoyed by last week's upbeat comments by European Central Bank president Mario Draghi.

The yen, meanwhile, remained under selling pressure after Japanese Prime Minister Shinzo Abe on Friday unveiled a US$226.5 billion stimulus plan in the latest bid to boost the world's fragile number-three economy.

The US dollar rose against the Swiss currency, buying 0.9216 francs compared with 0.9135 francs late Friday.

The pound fell to US$1.6074 from US$1.6129.

- AFP/jc



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Congress says Shiv Sena protest against Pak players justified

NEW DELHI: The Congress on Monday supported Shiv Sena over its demand of not allowing Pakistani players to play in the Hockey India League (HIL), saying it reflected the anger among people and political parties over the beheading of an Indian soldier.

"Nobody should take the law in their hands. But there is anger in the whole country. People and parties are angry. Every political party has its separate way of expressing its anger. Shiv Sena is expressing anger in its way. The anger is definitely justified. I am not denying it. But one should not lose one's sensibility in anger," AICC spokesman Rashid Alvi said.

The comment is significant considering that Congress has been at loggerheads with the saffron outfit for its opposition to any sports ties, including cricket, with the neighbouring country.

Alvi said though India wanted friendship with every country, this did not mean that it would take decisions under any pressure or by bearing humiliation.

Asked specifically whether the matches should happen or not, he said, "Government will take a decision after examining the issue."

Sena activists had protested at Mumbai Hockey Association's stadium against the participation of four Pakistani players in a scheduled practice session of 'Mumbai Magicians' team.

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Poll: After Newtown, Most Back Some Gun Controls


gty gun store mi 130114 wblog After Newtown Shootings, Most Back Some Gun Controls, Poll Shows

Getty Images


A majority of Americans favor such gun control measures as banning assault weapons and expanding background checks on those who buy guns and ammunition, with support for banning high-capacity ammunition magazines at a new high in ABC News/Washington Post polls.

With Vice President Joe Biden set to present recommendations that were prompted by the Newtown, Conn., school shootings last month, this latest poll shows overwhelming support for certain moves: Eighty-eight percent favor background checks on firearms buyers at gun shows; 76 percent support checks on buyers of ammunition and 71 percent back a new federal database that would track all gun sales.


For full results, charts and tables, CLICK HERE


Sixty-five percent also support banning high-capacity ammunition magazines, a high in three ABC/Post polls to test the idea since early 2011, and up by 6 percentage points since just after the Newtown shootings. Among other suggestions, 58 percent favor banning the sale of so-called assault weapons, 55 percent support the National Rifle Association’s call for armed guards in schools and 51 percent would ban semi-automatic handguns.


Notably, support for the most popular of these measures – expanded background checks, a gun database and banning high-capacity magazines – includes a majority of people who live in gun-owning households, a group that accounts for 44 percent of all adults in this country.


The intensity of support for all these proposals is also notable; “strong” support for each measure outstrips strong opposition, in most cases by overwhelming margins (save the two less-popular items, armed school guards and a semi-automatic handgun ban). For instance, 50 percent “strongly” favor banning assault weapons, twice the number who strongly opposes it. And 76 percent strongly support background checks at gun shows, while only 8 percent say they’re are strongly opposed.


Fifty-five percent in this poll, produced for ABC by Langer Research Associates, express worry about a mass shooting in their own communities, and 52 percent say the Newtown shootings have made them more likely to support some forms of gun control.


As noted, support for banning high-capacity magazines is at a new high in polling since 2011. But there’s no consistent change on other proposals. Support for background checks on gun show buyers is essentially the same as it was in the late 1990s; support for banning assault weapons is numerically up from its low in 2009  but still well below its levels in the mid- to late 1990s; and support for banning semi-automatic handguns has been essentially steady in recent years.


ACTION – Looking ahead to the possibility of legislative action, most Americans give the issue at least a high priority for the president and Congress to address, but not “the highest,” and more give greater priority to  ”addressing gun violence” (68 percent) than specifically “enacting stricter gun control laws” (59 percent).


While they reach majorities, both of these are lower on the list than other top-shelf issues, including the economy, cutting federal spending, restructuring the tax system and slowing the rate of growth in spending on Social Security and Medicare.


The higher priority for “addressing gun violence” versus “enacting stricter gun control laws” (in a split-sample test) likely reflects some compunctions about whether gun control measures will work. The public, for instance, divides on whether stricter gun laws or armed guards in schools would be more effective (43-41 percent), and as many or more blame gun violence on inadequate treatment of the mentally ill, and on irresponsibility among gun owners, as on other causes.


FACTORS – Many factors receive broad blame for gun crimes. Leading the list, more than eight in 10 see inadequate treatment of the mentally ill, inadequate background checks and lack of individual responsibility by gun owners as contributors to gun violence, and more than half, in each case, say these contribute “a great deal” to the problem.


Sixty-nine to 73 percent also see the availability of semi-automatic handguns, high-capacity ammunition clips and assault weapons as contributors – yet as many say the same about the prevalence of violence in TV programs, movies and video games. The fewest numerically, 38 percent, believe violence in the media contributes “a great deal” to gun violence.


There are three items on which more people say the issue contributes to gun violence than favor legislative action: Sixty-nine percent see access to semi-automatic handguns as a contributor, versus 51 percent who favor banning such weapons; 73 percent say assault weapons are a contributor, versus 58 percent who favor banning those; and 70 percent see high-capacity magazines as a factor in gun violence, while slightly fewer, 65 percent, would ban them. The gaps apparently exist at least in part because support for action is lower among those who see these as contributing “somewhat” but not a great deal to gun violence – a group that includes more pro-gun individuals, such as people in gun-owning households, men and political conservatives.


GROUPS – There are striking differences among groups on some, but not all, gun control issues. Support for gun control measures generally is higher among women than men, with the gap peaking on a ban on semi-automatic handguns, supported by 60 percent of women versus 40 percent of men.


In addition to the expected partisan and ideological divisions, support for gun control also is higher in several cases among senior citizens vs. the youngest adults, among city dwellers vs. those in suburbs or rural areas, in Democratic-voting blue states vs. more-Republican red states, and in non-gun households vs. those in which someone owns a firearm. There also are regional divisions, with support for gun control typically highest in the Northeast and lowest in the South.


These differences, however, generally fade on the issues on which agreement is most broad – background checks, a gun database and banning high-capacity magazines.


Patterns are different in support for armed guards in schools; this idea is more popular with conservatives versus liberals (63 versus 44 percent), in red versus blue states (67 versus 49 percent) and among Republicans versus Democrats and independents (65 versus 52 percent). It also gets more support from parents with minor children, 62 percent, versus 51 percent among other adults. In the biggest gap, the proposal for armed school guards is nearly 30 points more popular with people who see the NRA’s leadership favorably than among those who see it unfavorably, 69 versus 40 percent.


There are other differences among groups that inform views on gun control. Women, for instance, are 13 points more apt than men to say the Newtown shootings have made them more likely to support some forms of gun control, and 16 points more likely to be worried that a mass shooting could occur in their own area. That worry is a prime factor in support for stricter gun laws.


THE NRA – While recent polls have found the NRA to be popular overall with a majority of Americans, this survey finds a less positive assessment of the association’s leadership -  more see it unfavorably than favorably by an 8-point margin, 44 versus 36 percent, although many don’t know enough to say.


There’s a mixed result on the NRA’s influence on gun policy; on the one hand more, 38 percent, say it has too much influence versus too little (24 percent) or about the right amount (30 percent). At the same time, that makes a majority, netted, saying its influence is too little or about right.


The NRA’s leadership, naturally, has far more support among people in gun-owning versus non-gun-owning households – a 52 percent versus 22 percent favorable rating. Similarly, 49 percent in non-gun households say the NRA has too much influence over gun laws. In gun households 27 percent, agree.


METHODOLOGY – This ABC News/Washington Post poll was conducted by telephone Jan. 10-13, 2013, among a random national sample of 1,001 adults, including landline and cell-phone-only respondents. Results have a margin of sampling error of 3.5 points, including design effect. Partisan divisions are 33-24-37 percent, Democrats-Republicans-independents.


The survey was produced for ABC News by Langer Research Associates of New York, N.Y., with sampling, data collection and tabulation by Abt-SRBI of New York, N.Y.

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Powell defends Hagel nomination



“I think he gets confirmed,” Powell said on NBC News’s “Meet the Press.” “I think he’s ultimately superbly qualified, based on his overall record, based on his service to the country, based on how he feels about troops and veterans and families. I think he will do a great job as secretary of defense.”


Powell, who endorsed Hagel the day President Obama announced his nomination, pushed back against concerns some senators have raised about Hagel’s record on Iraq, Iran and Israel.

“There are people who are very supportive of the state of Israel,” Powell said. “I’m very supportive of the state of Israel. So is Senator Hagel, and you’ll see that in the confirmation hearings, but it doesn’t mean you have to agree with every single position that the Israeli government takes.”

Powell criticized what he saw as the Obama administration floating names — including Hagel’s — for Cabinet positions in advance of the president announcing his official nominations. Such moves, Powell said, can do more harm than good to the potential nominees.

“In both the Susan Rice case and in the Chuck Hagel case, if they were sure that’s who they were going to nominate, I think it should have been done promptly. But all of these sort of test nominations that they send out there, I think just cause the media to naturally focus on it, and potential opponents of that nomination just pile on,” Powell said.

Across the Sunday talk-show landscape, some senators defended Hagel, with others raising concerns about him.

Sen. Bob Corker (Tenn.), the ranking Republican on the Senate Foreign Relations Committee, said on ABC News’s “This Week With George Stephanopoulos” that questions about Hagel’s “temperament” will be raised during his confirmation hearings.

“I think there are numbers of staffers who are coming forth now just talking about the way he has dealt with them,” Corker said. Appearing on the same program, Sen. Jack Reed (D-R.I.), who sits on the Senate Armed Services Committee, defended Hagel’s record.

Sen. John McCain (R-Ariz.) said on CBS News’s “Face the Nation” that there are “legitimate questions” that need to be asked of Hagel.

On “Fox News Sunday,” Sen. Kelly Ayotte (R-N.H.) said she is “very troubled” by Obama’s decision to nominate Hagel. While she stressed that she had not made up her mind about whether she will vote to confirm him, Ayotte said Hagel’s confirmation hearings will be “very consequential.” On the same program, Sen. Richard Blumenthal (D-Conn.) said he believes Hagel will be approved by the Senate.

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US played 'limited' role in botched French rescue bid






WASHINGTON: The United States said Sunday it played a limited support role in France's botched bid to rescue a kidnapped secret agent in Somalia.

"United States forces provided limited technical support to the French forces in that operation, but took no direct part in the assault on the compound where it was believed the French citizen was being held hostage," President Barack Obama said in a letter to Congress.

Saturday's failed attempt to free the French hostage from the Al Qaeda-linked Shebab group killed at least eight civilians, as well as 17 guerrillas. One French soldier died while another went missing.

"United States combat aircraft briefly entered Somali airspace to support the rescue operation, if needed," Obama wrote, adding that "these aircraft did not employ weapons during the operation."

"I directed U.S. forces to support this rescue operation in furtherance of U.S. national security interests," he wrote.

- AFP/jc



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Hijacked Indian sailors' families SOS Pakistan activist

NOIDA: After failing to get any help from the Centre, the families of 17 Indian crew members whose ship was hijacked by Somali pirates in March last year have sought help of a Pakistan-based NGO for their early release. Somali pirates had threatened they would start killing the Indian crew members if their families failed to arrange the ransom demanded by them by December 31, 2012.

The families have also moved Supreme Court demanding intervention by the central government for early release of the crew members. The case will be heard on Monday. The 17 Indian sailors are held hostage on board MV Royal Grace, a chemical tanker, and now their hopes lie with Pakistani activist Ansar Burney's efforts to help free them. Besides the Indians, there is a Pakistani, a Bangladeshi and two Nigerians sailors on board.|

Burney, who runs the Ansar Burney Trust, was earlier successful in getting the crew of MV Suez freed in June 2011 during another hijack by Somali pirates. Families of the crew members allege that they have been facing government apathy right from the start. "When we approached East India Shipping, the placement firm, its officials went to Dubai and met Burney ," Sheeja Singh, sister of one of the crew members, said. "The Pakistan and Nigerian governments is making efforts to rescue their citizens ," she said.

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Pictures: Civil War Shipwreck Revealed by Sonar

Photograph by Jesse Cancelmo

A fishing net, likely only decades old, drapes over machinery that once connected the Hatteras' pistons to its paddle wheels, said Delgado.

From archived documents, the NOAA archaeologist learned that Blake, the ship's commander, surrendered as his ship was sinking. "It was listing to port, [or the left]," Delgado said. The Alabama took the wounded and the rest of the crew and put them in irons.

The officers were allowed to keep their swords and wander the deck as long as they promised not to lead an uprising against the Alabama's crew, he added.

From there, the Alabama dropped off their captives in Jamaica, leaving them to make their own way back to the U.S.

Delgado wants to dig even further into the crew of the Hatteras. He'd like see if members of the public recognize any of the names on his list of crew members and can give him background on the men.

"That's why I do archaeology," he said.

(Read about other Civil War battlefields in National Geographic magazine.)

Published January 11, 2013

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Dreamliner Nightmare: Another 787 Fuel Leak













Japan Airlines said a Boeing 787 Dreamliner jet leaked fuel while undergoing tests today at the airport near Tokyo, marking the latest in a string of highly-publicized problems for the jetliner as it undergoes a safety review by the U.S. government.


The Dreamliner being examined leaked around 25 gallons of fuel from a nozzle in the left wing, according to a spokesperson for Japan Airlines. It was reportedly the same aircraft that spilled fuel onto the runway at Logan International Airport in Boston earlier this week, The Associated Press reported.


On Monday, firefighters battled an electrical fire on a grounded Japan Airlines 787, also at Logan.


"We are aware of the event and are working with our customer," Boeing spokesman Marc Birtel said in an email to the Los Angeles Times.


The jetliner, which was unveiled as a luxurious and fuel-efficient way to travel, has recently been beset by problems.










Boeing Dreamliner Breaks Out in Flames in Boston Watch Video









Dreamliner Set to Change the Face of Flight Watch Video





Japan's All Nippon Airways has reported a fuel leak, a 3-foot-long crack in a cockpit window and a malfunctioning computer in its fleet of 787s.


The Federal Aviation Administration announced a comprehensive review of the carbon-fiber plane to ensure it is safe to fly, however officials did not waver in their support of the aircraft.


"I would fly on one today," Transportation Secretary Ray LaHood said at a joint news conference with Boeing on Friday.


The plane will not be grounded by the FAA, and will continue to fly during the review, FAA administrator Michael Huerta said.


"Nothing suggests the airplane is not safe," Huerta said. "We believe this is a safe aircraft. To validate the work during the certification process, we'll work with Boeing to check on systems design and production.


"We want to make sure that the approved quality-control process is in place. We want to see the entire picture and not focus on individual events, to determine the root causes of these events," he said.


Huerta said the review will focus on the Dreamliner's electrical system, including the battery and the power distribution panels, and how electrical and mechanical systems interact with one another.


Aviation experts say that, except for the fire, the issues have all been minor.


"If there was something seriously wrong with this plane there is no question they would ground it," ABC News aviation consultant John Nance said. "That's not the problem here, there's nothing seriously wrong with the 787."



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How NRA’s true believers converted a marksmanship group into a mighty gun lobby



The rebels wore orange-blaze hunting caps. They spoke on walkie-talkies as they worked the floor of the sweltering convention hall. They suspected that the NRA leaders had turned off the air-conditioning in hopes that the rabble-rousers would lose enthusiasm.


The Old Guard was caught by surprise. The NRA officers sat up front, on a dais, observing their demise. The organization, about a century old already, was thoroughly mainstream and bipartisan, focusing on hunting, conservation and marksmanship. It taught Boy Scouts how to shoot safely. But the world had changed, and everything was more political now. The rebels saw the NRA leaders as elites who lacked the heart and conviction to fight against gun-control legislation.

And these leaders were about to cut and run: They had plans to relocate the headquarters from Washington to Colorado.

“Before Cincinnati, you had a bunch of people who wanted to turn the NRA into a sports publishing organization and get rid of guns,” recalls one of the rebels, John D. Aquilino, speaking by phone from the border city of Brownsville, Tex.

What unfolded that hot night in Cincinnati forever reoriented the NRA. And this was an event with broader national reverberations. The NRA didn’t get swept up in the culture wars of the past century so much as it helped invent them — and kept inflaming them. In the process, the NRA overcame tremendous internal tumult and existential crises, developed an astonishing grass-roots operation and became closely aligned with the Republican Party.

Today it is arguably the most powerful lobbying organization in the nation’s capital and certainly one of the most feared. There is no single secret to its success, but what liberals loathe about the NRA is a key part of its power. These are the people who say no.

They are absolutist in their interpretation of the Second Amendment. The NRA learned that controversy isn’t a problem but rather, in many cases, a solution, a motivator, a recruitment tool, an inspiration.

Gun-control legislation is the NRA’s best friend: The organization claims an influx of 100,000 new members in recent weeks in the wake of the elementary school massacre in Newtown, Conn. The NRA, already with about 4 million members, hopes that the new push by Democrats in the White House and Congress to curb gun violence will bring the membership to 5 million.

The group has learned the virtues of being a single-issue organization with a very simple take on that issue. The NRA keeps close track of friends and enemies, takes names and makes lists. In the halls of power, it works quietly behind the scenes. It uses fear when necessary to motivate supporters. The ultimate goal of gun-control advocates, the NRA claims, is confiscation and then total disarmament, leading to government tyranny.

“We must declare that there are no shades of gray in American freedom. It’s black and white, all or nothing,” Executive Vice President Wayne LaPierre said at an NRA annual meeting in 2002, a message that the organization has reiterated at almost every opportunity since.

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