Saturday, December 31, 2011

Sony?s Poorly Received Online Pass System Spreads to PlayStation Vita

Sony initiated a new method to combat the sale of used games this year by implementing ?Online Pass? for its first and second-party games. It started off with Resistance 3 and continued in?Uncharted 3: Drake?s Deception, leaving second-hand buyers unhappy. Sony stated that the online pass is here to stay. With the recent release of a new Sony handheld, PS Vita, many didn?t think that the concept could possibly make the jump. However, if the release of Hot Shot Golf Vita is to set the precedence for the future, online pass is indeed coming to PS Vita titles.

Destructoid posted their discovery of an online pass code inside of a?Hot Shots Golf Vita case. They also posted a screenshot of the PSN store selling the online pass code (priced at 900 yen in Japan). The good news is that similarly to a digital version of games sold on the PSN store, it will also include the online pass.

Do you guys approve the inclusion of online pass for handheld? Sound off in the comment below.

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Source: http://playstationlifestyle.net/2011/12/30/online-pass-spreads-its-virus-to-playstation-vita/

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Qantas gives payouts to passengers hurt on flight

By Harriet Baskas, msnbc.com contributor

Australian-based Qantas Airways has awarded settlements of up to $400,000 to almost 150 passengers who were injured aboard an Airbus A330 airplane that nosedived twice on Oct. 7, 2008, reports the West Australian.

The flight was traveling from Singapore to Perth with 303 passengers onboard. The Australian Transport Safety Bureau determined that a stream of incorrect data messages caused the plane to plunge 690 feet in 23 seconds and, two minutes later, 400 feet in 15 seconds. Sixty of the passengers and some of the crew were not buckled into their seats when the plane nosedived.

U.S. aviation injury lawyer Floyd Wisner, who is representing 160 passengers and crew from the flight, told the West Australian that the plunge caused injuries that included psychological trauma, fractured vertebrae, broken bones and serious lacerations. At least one passenger suffered a brain injury.

?A payout like this is not unusual,? said Jeff Price, an associate professor of aviation at Metropolitan State College of Denver. ?As part of the contract for carriage, airlines have some responsibility to keep you safe during the flight. They cannot protect you from natural acts or acts of God, but for something that is mechanical, such as this, a payout is all but expected.?

Sixteen severely injured passengers, however, are readying a multimillion-dollar lawsuit against aircraft maker Airbus and aircraft technology company Northrop Grumman, which made the plane's data unit.

Qantas was not available to provide a comment to msnbc.com when contacted Friday morning.

Related stories:

Source: http://overheadbin.msnbc.msn.com/_news/2011/12/30/9832780-qantas-gives-cash-payouts-to-passengers-hurt-on-flight

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Friday, December 30, 2011

Asian stocks rise on last trading day of 2011 (AP)

BANGKOK ? Asian stock markets strengthened Friday on the last day of trading for 2011, following a brisk session on Wall Street, but the uptick could not blunt the effects of a grueling year in which investors booked sharp losses.

Benchmark oil rose to near $100 per barrel and the dollar weakened against the yen and the euro.

Japan's Nikkei 225 index, after three straight days of losses, rose 0.4 percent to 8,429.45. Hong Kong's Hang Seng Index gained 0.4 percent to 18,466.57. Benchmarks in mainland China, Malaysia, Indonesia and New Zealand were also higher.

Australia's benchmark S&P ASX 200 ended the year at 4,140.4 ? down 0.4 percent on the day and 14.5 percent lower for 2011. A day earlier, South Korea's benchmark Kospi closed at 1,825.74 on Thursday ? 11 percent down on its last trading session of the year Thursday.

Analysts said global stocks tumbled in lockstep, suffering from the effects of natural disasters, a wobbly recovery in the U.S. ? and an escalating European debt crisis that remains resistant to the endless measures taken by the region's governments and financial institutions.

"The big reason is Europe. Europe tried to muddle through without a real solution. They can save a small country like Greece, but they cannot save a big country like Italy. Two trillion euros in foreign debt ? nobody in the world has that kind of money," said Francis Lun, managing director of Lyncean Holdings in Hong Kong.

"Europe will enter a lost decade, a decade of no solutions and no growth," he said. "Maybe except in Germany, their machinery is still selling."

Japan's benchmark plunged after the March 11 tsunami and earthquake disaster that destroyed huge chunks of the island nation's northeastern region, left 20,000 people dead or missing and set off the world's worst nuclear crisis since Chernobyl.

Disaster damage extended to key suppliers for major companies like Toyota Motor Corp. and Sony Corp., which suffered production disruptions. The Thai flooding that followed caused similar problems for automakers, including Honda Motor Co., but on a smaller scale.

The Tokyo market also saw two big-name brands lose much of their value.

One was Tokyo Electric Power Co., the utility that runs Fukushima Dai-ichi nuclear power plant, where at least three reactors went into meltdown after tsunami destroyed backup generators to keep power going at the plant.

Some officials say TEPCO may have to be nationalized because of ballooning losses and the costs to bring the reactors under control and compensate victims.

Another was camera and medical equipment maker Olympus Corp., whose offices have been raided by criminal investigators after fabricated accounting to cover up massive investment losses came to light.

A British executive, who has since resigned from the board, was first to draw attention to the dubious investments, and has become a celebrity figure raising questions about old-style Japanese management.

Across the board, Japanese companies have been slammed by the rising value of the yen, which erodes the value of revenue from exports.

The Nikkei lost nearly a fifth of its value over the past year. It nose-dived right after the disaster, recouped some of those losses in July, but then started a decline that has the benchmark hovering at below the March value.

China's benchmark Shanghai Composite Index lost 21 percent in 2011 as the impact of Beijing's multibillion-dollar stimulus faded and the government tightened curbs on lending and investment to cool blistering economic growth.

The flood of state spending and bank lending after the 2008 crisis fueled a surge in real estate and stock prices. In 2010, Beijing responded by clamping down on credit and real estate speculation to cool inflation and soaring housing prices.

Beijing is trying to steer growth to a more sustainable level after 2010's explosive 10.3 percent expansion. Growth eased to 9.1 percent in the three months ending in September, down from 9.5 percent the previous quarter.

Chinese leaders have promised to ease credit to help exporters and smaller companies cope with falling global demand and weaker domestic growth. But they say most controls will remain in place. That has disappointed stock traders who are hoping for interest rate cuts and looser controls on bank lending. They have responded in recent weeks by dumping stocks and moving some money to U.S. and European markets.

In the semi-autonomous Chinese territory of Hong Kong, meanwhile, the benchmark Hang Seng Index slipped in the second half of the year as concerns over Europe accelerated, sending it to a 2011 low in early October before bouncing slightly to end the year at a 20 percent loss.

Hong Kong's stock market was a popular destination this year for foreign companies looking to go public, drawn by the prospect of raising their brand profiles with China's newly wealthy as growth flags in their home markets.

Italian fashion house Prada was one of the biggest names to list in Hong Kong, with an initial public offering in June that raised $2.5 billion, making it the sixth-biggest IPO globally this year, according to deal tracking service Dealogic.

Other foreign companies that took out primary or secondary listings in Hong Kong include MGM China Holdings Ltd., the Macau casino arm of MGM Resorts International, luggage maker Samsonite S.A. and U.S. luxury handbag maker Coach Inc. However, the slumping market means share prices for many companies that went public are ending the year lower than IPO price.

On Wall Street, positive news on home sales and improved prospects for job growth sent stocks higher on Thursday.

The four-week average of unemployment claims fell to a 3 1/2 year low, an indication that hiring could pick up. And the number of Americans who signed contracts to buy homes in November rose to the highest level in 18 months, industry experts said.

The Dow closed at 12,287.04, a gain of 1.1 percent. The S&P 500 rose 1.1 percent, to 1,263.02. The technology-heavy Nasdaq composite rose 0.9 percent to 2,613.74.

Benchmark crude for February delivery rose 30 cents to $99.95 a barrel in electronic trading on the New York Mercantile Exchange. The contract added 29 cents to settle at $99.65 in New York on Thursday.

In currency trading, the dollar fell to 77.51 yen from 77.65 yen late Thursday in New York. The euro was steady at $1.2939.

___

AP Business Writers Joe McDonald, Yuri Kageyama and Kelvin Chan contributed from Beijing, Tokyo and Hong Kong.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20111230/ap_on_bi_ge/world_markets

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Josephine Rita Santella, 90, Georgetown, Texas

Our beautiful and brave mother, grandmother, and great-grandmother, Josephine Rita Santella, passed away on December 26, 2011. Josephine was 90 years old, formerly of Havertown, Pennsylvania and has resided in Georgetown, Texas since 2007. Josephine was born in Philadelphia, Pennsylvania on June 6, 1921 to Christopher and Leonarda (Lazzarotti) Chiaro. On February 11, 1945 Josephine Chiaro and Nicholas Ralph Santella were joined together in marriage. He predeceased Josephine on May 11, 1996.

During her years living in Havertown, Pennsylvania Josephine worked as a bookkeeper for Haverford Township in their local government offices. Josephine was a member of St. Denis Catholic Church and enjoyed being active in the Legion of Mary, St. Denis Seniors, and St. Francis Seniors until her move to Georgetown. A very happy lady, she will be remembered by her lovely smile and gracious; generous heart and we know she is being welcomed in grand style. We miss her already.

Josephine is predeceased by her husband, Nicholas Ralph Santella. Survivors include daughters, Norma Steck and husband Tom of Georgetown, Texas and Michelle Costello and husband Jim of Williamstown, New Jersey; four grandchildren; three great-grandchildren; a sister, Rita Nicosia and brothers, Chris Chiaro and Peter Chiaro.

In lieu of flowers, memorials may be made in her memory to St. Jude's Children's Hospital or Lighthouse Hospice, 2913 Williams Dr., Suite 320, Georgetown, Texas 78628.

A Mass of Christian Burial will be held at 12:00 Noon on Thursday, December 29th at St. Denis Catholic Church, 2401 St. Denis Ln., Havertown, Pennsylvania 19083 with a viewing at 11:00 a.m. Burial will follow in the St. Peter Paul's Cemetery in Springfield, Pennsylvania.

You are invited to leave a message or memory in the memorial guestbook at www.RamseyFuneral.com.

Source: http://weareaustin.tributes.com/show/Josephine-Rita-Santella-93015049

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Wednesday, December 28, 2011

Airless, Springy ?Energy Return Wheel? Tire Promises To Improve Gas Mileage

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The wheel may be one of humankind?s first inventions, but that doesn?t keep us from continuing to tinker with it. The Energy Return Wheel or ERW is a radical redesign of the common tire that promises to improve any vehicle?s handling and mileage ? the suspended ?wheel within a wheel? is essentially a spring that absorbs energy from bumps and returns it back to the road. The design is a unique take on tire dynamics ? traditional tires and even newer designs simply absorb energy of traveling over bumps.


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Like Bridgstone?s Tweel The ERW wheel looks completely different from the tires we?ve been using since Charles Goodyear discovered vulcanized rubber. It is made from two steel hoops ? one is nestled within another and suspended by a series of springs. The outer hoop has a rubber casing like a typical tire and an inner membrane. The inner hoop has studs attaching the springs to the wheel, which can be torqued to make the tire more or less springy.

The inventor likens the dynamic of the tire to a garage door, which while very heavy, is balanced with springs to significantly reduce the energy of moving the door up and down. The outer ring of the ERW moves upwards over a bump and springs back while the inner ring stays in relatively in the same place. This means that at cruising speed all those little bumps and vibrations in the road are absorbed and returned to the road by the tire in the form of forward momentum. A typical inflated tire simply absorbs the bumps by flexing the sidewall, creating friction, which reduces efficiency.

It?s not clear how far development on the technology has progressed, or even how it handles on the open road. One potential pitfall is that the open space between the two hoops looks like a mud magnet (although this appears to be?addressed?in new renderings). Another concern is whether the steel hoop will be able to maintain structural integrity after hitting a major pothole. One thing is certain ? ERW tires will definitely turn heads, especially if they are mounted on a Tesla Roadster or a Fisker Karma.

+ Energy Return Wheel

Via Core 77

Source: http://inhabitat.com/airless-springy-energy-return-wheel-tire-promises-to-improve-gas-mileage/

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Mexican election law leads to complaint of bias (AP)

MEXICO CITY ? The de facto presidential candidates for two of Mexico's three big political parties have been told they can give speeches, but can't ask people to vote for them or run campaign ads until March.

The third party hasn't yet chosen its candidate but election officials have said that its nominees can run campaign ads ? for its party primary.

This, one of the de facto candidates said, is unfair because campaigning in the primary won't just be seen by members of that party, but by the general public.

He, meanwhile, must remain silent.

Mexico's odd and strict laws governing electoral campaigning were intended to create strict rules in the wake of hotly contested 2006 presidential voting, which was marred by accusations of illicit support for candidates and a wave of unapproved campaign ads.

But the new regulations are creating new charges of inequity.

Institutional Revolutionary nominee Enrique Pena Nieto and leftist Democratic Revolution Party nominee Andres Manuel Lopez Obrador are both running uncontested and their parties won't be holding primaries.

Mexican electoral law says that official election campaigning cannot begin until March.

This has put the virtual nominees in the strange position of having sewn up their nominations, but having to avoid anything that looks like campaigning.

The ruling conservative National Action Party, however, has not chosen its candidate and the national electoral institute has said its three contenders can campaign for the party nomination until primary season ends in mid-February.

Peno Nieto, who leads in most polls on the presidential race, protested on Tuesday that the ads run during the National Action primary could affect the presidential election.

Pena Nieto's party ruled Mexico without interruption from 1929 to 2000, when it lost the presidential elections.

Lopez Obrador said he would accept the rules.

Source: http://us.rd.yahoo.com/dailynews/rss/mexico/*http%3A//news.yahoo.com/s/ap/20111228/ap_on_re_la_am_ca/lt_mexico_politics

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Tuesday, December 27, 2011

Burglary Suspect Arrested After Posting Pictures Of Stolen Loot On Facebook (Outside the Beltway)

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Source: http://wik.io/info/US/306450041

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Best Christmas Movies: Trivia About 'A Christmas Story,' 'The Muppets Christmas Carol' & More

This Christmas, gather your family around the fire... and then bring your TV and place it right next to the burning yule log. You've got a lot of movie watching to do!

While the studios have films from Tom Cruise, Steven Spielberg (two!) and Matt Damon out in the multiplex, the cheaper, more traditional alternative is to sit back and watch classics such as "A Christmas Story," "Miracle on 34th Street" and "Elf." Yes, "Elf" is now a classic. And now, as you watch these films, you can impress your family and friends with lots of little known trivia. Knowledge: it's the greatest gift of all (if you can't get those new Air Jordans that everyone has been going crazy over).

We've dug up some of the most interesting trivia about some of the greatest Christmas films, including Steve Whitmire's story about his supernatural interaction with Jim Henson. Whitmire, who took over as the voice for Kermit the Frog upon his mentor Henson's passing in 1990, told MuppetCentral.com that he was terrified to record the songs for "The Muppets Christmas Carol," which he considered his first true experience as Kermit. The night before he was scheduled to do so, Henson visited him in a dream.

They were at a hotel, where Henson was working the desk. Whitmire -- in the dream -- told Henson that he was nervous to do the voice.

"He stopped, and there was a thoughtful gesture Jim would do where he would take both of his index fingers and put them under his chin, and he did that and thought and he said, 'It will pass,'" Whitmire remembered. "Which is exactly what Jim would have said. You would have to really know Jim to know this, but that's exactly what he would have said. Then he turned and he said, 'I've really got to run...' and he took off out the door."

Check out the slideshow below for more facts. From the overly passionate kiss of "It's A Wonderful Life," Will Ferrell's secret Santa past, the true story of the gangster film in "Home Alone" and more, these oddities will help you be an expert tonight.

It's A Wonderful Life

1?of?9

While it's now seen as a wholesome family standard, the film didn't have its small bit of controversy. James Stewart was so nervous to perform the kiss with Donna Reed (it was his first post-war film kiss) that after a night of worrying, Frank Capra had them do it all in one take -- and then had to edit out part of the smooch because it was too long and passionate to pass the censors of 1947.

While it's now seen as a wholesome family standard, the film didn't have its small bit of controversy. James Stewart was so nervous to perform the kiss with Donna Reed (it was his first post-war film kiss) that after a night of worrying, Frank Capra had them do it all in one take -- and then had to edit out part of the smooch because it was too long and passionate to pass the censors of 1947.

MORE SLIDESHOWS NEXT?> ??|?? <?PREV

It's A Wonderful Life

While it's now seen as a wholesome family standard, the film didn't have its small bit of controversy. James Stewart was so nervous to perform the kiss with Donna Reed (it was his first post-war film kiss) that after a night of worrying, Frank Capra had them do it all in one take -- and then had to edit out part of the smooch because it was too long and passionate to pass the censors of 1947.

CURRENT TOP 5 SLIDES

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Source: http://www.huffingtonpost.com/2011/12/24/best-christmas-movies-tri_n_1168746.html

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Monday, December 26, 2011

Suicide bomber kills 6 outside Iraq ministry - Reuters Africa

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Saudi firm buys farmland in Argentina to secure animal feed

By Adam Schreck, Associated Press

Updated

DUBAI, United Arab Emirates ? Saudi Arabia's largest dairy company said this week that it is buying Argentine farm operator Fondomonte for $83 million to secure access to a supply of animal feed.

  • Argentina's President Cristina Fernandez de Kirchner speaks at her inauguration in  Buenos Aires Dec. 10, 2011.

    By Alejandro Pagni, AFP/Getty Images

    Argentina's President Cristina Fernandez de Kirchner speaks at her inauguration in Buenos Aires Dec. 10, 2011.

By Alejandro Pagni, AFP/Getty Images

Argentina's President Cristina Fernandez de Kirchner speaks at her inauguration in Buenos Aires Dec. 10, 2011.

The acquisition will give Riyadh-based Almarai Co. control of roughly 30,000 acres of farmland in the South American nation just ahead of tough new limits likely to be imposed by Argentina's government on foreign ownership of productive land.

Almarai said the deal is in line with the desert kingdom's policy of "securing supplies and conserving local resources."

Despite its scorching desert climate, Saudi Arabia for decades produced millions of tons of homegrown wheat with the help of generous farm subsidies. It is now trying to wind down domestic production because of concern over dwindling water supplies.

Fondomonte operates three farms in Argentina dedicated to producing corn and soybeans, according to Almarai. The Argentine company's website says it also grows barley, rice and sorghum.

Almarai said it plans to use the crops to feed chickens and cattle.

"This is a relatively significant move, that they're actually acquiring a company," said Farouk Miah, an analyst at NCB Capital in Riyadh. "If anything, I think this is the beginning of a trend."

The Saudi purchase was announced as Argentina's Senate prepared to approve strict new limits on foreign land ownership, designed to protect the South American country's food resources.

The law, proposed by President Cristina Fernandez and already passed by the House, would limit individual foreign ownership of rural land to 2,500 acres per titleholder, and bar any more purchases by foreigners once 15% of Argentina's land is foreign owned.

No one knows just how much Argentine land is already in foreign hands. The law would create a nationwide land registry to establish who owns what. Fernandez has said the law would not take away land already owned by foreigners.

As their populations boom, oil-rich Gulf Arab nations have shown increased interest in buying farmland and other agricultural assets overseas to ensure reliable food supplies.

Emirati investors have bought farmland in Pakistan, while Saudi Arabia's Binladin Group has sought to develop rice fields in Indonesia. Qatar's sovereign wealth fund set up a company in 2008 known as Hassad Food specifically to target agricultural investments abroad.

Almarai is one of the Middle East's largest food companies. It traditionally focused on milk and other dairy products like yoghurt and cheese, but it has recently begun expanding into new product lines such as juices, baked goods and poultry products.

That expansion means "it's even more critical for them to have secure supplies coming in," Miah said.

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Associated Press writer Michael Warren in Buenos Aires, Argentina, contributed to this report.

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

For more information about reprints & permissions, visit our FAQ's. To report corrections and clarifications, contact Standards Editor Brent Jones. For publication consideration in the newspaper, send comments to letters@usatoday.com. Include name, phone number, city and state for verification. To view our corrections, go to corrections.usatoday.com. USA TODAY is now using Facebook Comments on our stories and blog posts to provide an enhanced user experience. To post a comment, log into Facebook and then "Add" your comment. To report spam or abuse, click the "X" in the upper right corner of the comment box. To find out more, read the FAQ and Conversation Guidelines.?

Source: http://rssfeeds.usatoday.com/~r/UsatodaycomMoney-TopStories/~3/hetSbj46J0s/1

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Sunday, December 25, 2011

Reversal of fortune (Reuters)

SINGAPORE (Reuters) ? While the threat of credit rating downgrades hangs over Europe, a few big emerging market economies are on the upswing.

Indonesia provides arguably the starkest contrast. Fitch's upgrade of Indonesia's sovereign rating on December 15 restored it to investment grade status for the first time in 14 years. Back in 1997, when the Asian financial crisis exploded, the International Monetary Fund had to step in with a three-year loan worth $10.1 billion at the time.

"Indonesia's banking sector was not prepared to withstand the financial turmoil that swept Southeast Asia," the IMF said then.

Fast-forward to 2011, and it is European banks that are the focus of concern as the euro zone struggles to come up with a politically palatable way to solve its own debt crisis.

All three of the world's major ratings agencies have warned that European countries face downgrades if they cannot stem the crisis. Fitch said on December 16 that a comprehensive solution was "technically and politically beyond reach."

Sentiment toward Europe has turned so dark that the most positive thing Northern Trust economists could say about the outlook there was, "Our base case is that the euro zone does not completely collapse within the next two years."

Why the role reversal?

Indonesia's 2012 growth is expected to reach 6.4 percent, according to a Reuters poll of economists, down only slightly from 2011's estimated 6.5 percent. The euro zone is widely expected to be stuck in recession next year, while U.S. growth will probably trudge along at one-third of Indonesia's pace.

The lesson that Asia learned from its financial crisis in the late 1990s was, "make sure you've got good insurance."

Asia now holds most of the world's foreign exchange reserves, with about $4.5 trillion concentrated in China and Japan combined. But there are also large stockpiles in India, Indonesia and South Korea.

That cushion can provide protection from financial market turbulence. Indonesia, South Korea, India and others have tapped reserves this year to defend their currencies from extreme volatility.

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IMF on "schizophrenic" investors:

imfdirect.imf.org/2011/12/21/2011-in-review-four-hard-truths/

For IFR's forecasts for the week ahead in U.S. economic data, click on: http://graphics.thomsonreuters.com/11/12/IFRPV122611.pdf

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

"SCHIZOPHRENIC" INVESTORS

The IMF itself seems to have learned a few lessons from its experience in Asia, especially on how deep budget cuts can hurt a country's economic growth and its citizens.

Its November 1997 statement announcing Indonesia's bailout arrangement spelled out the IMF's policy prescription: tight fiscal and monetary policies and "substantial" fiscal measures to keep the budget in surplus.

The IMF at the time expected Indonesia's growth, which had been around 8 percent before the crisis, to slow to 5 percent in the first year of the program and 3 percent in the second. In fact, Indonesia's economy contracted by 13.1 percent in 1998 and grew by only 0.8 percent in 1999.

Former IMF Managing Director Dominique Strauss-Kahn acknowledged in February 2011 that the IMF's reform program had been "harmful and painful" for the Indonesian people.

Many economists worry that Europe's austerity measures, much like those in Indonesia in the late 1990s, will end up doing even more damage to the economy, worsening the debt picture.

IMF Chief Economist Olivier Blanchard said investors were "schizophrenic" about austerity and growth.

"They react positively to news of fiscal consolidation, but then react negatively later, when consolidation leads to lower growth -- which it often does," Blanchard said.

WHO IS NEXT?

European countries are the obvious candidates for imminent downgrade. S&P's move could come any day. Moody's said on December 12 it will revisit its European ratings in the first quarter of 2012.

While downgrades and the threat of more have received the most media attention this year, Fitch said its sovereign rating actions year-to-date were almost evenly split between upgrades and downgrades.

Since August 5, when Standard & Poor's stripped the United States of its AAA-rating, countries including Indonesia, Brazil, Estonia, the Czech Republic, Paraguay, Peru, Kazakhstan and Israel have received upgrades from at least one of the world's big three ratings agencies.

Next on the upgrade list may be the Philippines. Its leaders

expressed some disappointment that Indonesia got the nod from Fitch first, although S&P revised its outlook to "positive" on December 16.

But it is the negative actions that pose the global economic threat. The advanced economies in the Organisation for Economic Co-operation and Development have 2012 borrowing needs estimated at $10.5 trillion. A number this large means even a small increase in borrowing costs is meaningful.

"OECD debt managers are facing unprecedented funding challenges in meeting higher-than-anticipated, strong borrowing needs," the OECD said in a report on sovereign debt.

(Reporting by Emily Kaiser; Editing by Dan Grebler)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20111225/bs_nm/us_economy_weekahead_outlook

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Times Square Twitter ring hunt starts Dec. 26

Dec 23, 2011

New York--Miranda Brownvile has lost her gold wedding band in Times Square, and the World Gold Council is offering $5,000 to whoever can find it.

This is the premise for the World Gold Council?s first ?Ring Hunt,? a Twitter-based consumer-facing contest that will ask users to help find the fictitious Brownvile?s ring by following a Twitter account that will provide them with clues and tips.

?We developed the Times Square Ring Hunt as a way to highlight the meaningfulness of the gold wedding band, and to actively engage with our consumers where they ?play? online,? Michael Pace, vice president of marketing in the United States for World Gold Council, said.

The contest kicks off on Dec. 26 in Times Square, where a 15-second video billboard featuring Brownvile will repeatedly play, asking for help finding her ring. Participants do not have to be in Times Square to play--they can easily follow the contest?s Twitter account for clues.

?We know that one in seven consumers between 24 and 40 years old actively use Twitter, so it was an ideal platform for the World Gold Council to create a fun, interactive opportunity for young consumers to relate to gold,? Pace said.

Participants can follow Brownvile at @LostGoldRing, and ?like? the World Gold Council on Facebook for more content, hints and tips, including how to submit the location of the lost ring.

The video will run until Jan. 1. The first person to correctly identify where the lost ring is located, which? will win a $5,000 cash prize and a two-day, one night trip to New York City.

?


Source: http://www.nationaljeweler.com/article_detail?id=27605

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Saturday, December 24, 2011

AppAdvice: DOS Emulator Returns To The App Store http://t.co/DFW8h64t

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Video: Competing protests in simmering Egypt

In Tahrir Square, democracy supporters protested against Egypt?s military rulers, while across town, thousands turned out to support those leaders. NBC?s Ayman Mohyeldin reports from Cairo.

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Thursday, December 22, 2011

Philip Morris to fight Australia plain packaging laws (Reuters)

MELBOURNE (Reuters) ? Philip Morris on Tuesday became the third tobacco giant to file a legal challenge against new Australian laws that will force tobacco products to be sold in dull, plain packaging from late next year.

The tough, world-first legislation cleared by parliament is being closely watched by governments considering similar moves in Europe, Canada and New Zealand. It has angered tobacco companies worried it may set a global precedent and infringe on trademark rights.

Under the laws, cigarettes, pipe tobacco and cigars have to be sold in olive green packs free from branding, but carrying graphic health warnings, from December next year.

Philip Morris, with a 37 percent market share in Australia for its brands including Marlboro and Alpine, said the government had passed a law that acquired its "valuable brands and intellectual property" without offering compensation.

"We believe plain packaging violates the Australian Constitution because the Government is seeking to acquire our property without paying compensation," company spokesman Chris Argent said in a statement.

Argent said Philip Morris Asia was seeking a ruling from the Australian High Court, the country's supreme judicial body, that the government could not prevent the firm from using branding on its cigarette packaging. Based in Melbourne, Philip Morris's Australian manufacturing arm employs 800 people.

In recent weeks, British American Tobacco and Imperial Tobacco launched separate High Court challenges.

Philip Morris said last month it was seeking arbitration over the new laws, through its office in Hong Kong.

"Big tobacco just can't give up their addiction to legal action," said Attorney General Nicola Roxon. "They have fought governments tooth and nail around the world for decades to stop tobacco control.

"Big tobacco is fighting against the government for one very simple reason -- because it knows...that plain packaging will work. While it is fighting to protect its profits, we are fighting to protect lives," she said in an emailed comment to Reuters.

EMERGING MARKETS

In 2005, the World Health Organization urged countries to consider plain packaging, estimating more than 1 billion people are regular smokers, 80 percent of them in poor countries.

The Himalayan nation of Bhutan banned the sale of tobacco outright this year.

Industry analysts say tobacco companies are worried that plain packaging could spread to important emerging markets like Brazil, Russia and Indonesia, and threaten growth there.

Legal experts have predicted both legal and WTO challenges will fail because intellectual property rights agreements give governments the right to pass laws to protect public health.

Australia's tobacco market generated total revenues of about A$10 billion in 2009, up from A$8.3 billion in 2008, although smoking generally has been in decline. About 22 billion cigarettes are sold in the country each year.

Britain decided last week to delay its consultation on plain packaging of tobacco products as it considers a series of issues after Australia introduced the new laws.

(Editing by Ed Davies, Robert Birsel and Muralikumar Anantharaman)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111220/bs_nm/us_philip_morris_australia

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Sunday, December 18, 2011

Newt Gingrich Campaigning As Older, Wiser Candidate In 2012

WASHINGTON -- In mid-1970 an unusual job application landed in the stack of resumes at West Georgia College.

A young man finishing up his Ph.D. and looking for his first teaching job ditched the standard resume-and-cover-letter approach and instead wrote about his travels abroad, what it meant to grow up as the son of an Army colonel, the 100-plus books he'd read in the past year.

"We were all very impressed," recalls Mel Steely, one of the history professors who culled applications.

Thus did Newt Gingrich become Professor Gingrich. It was Step 1 in a carefully laid plan that would propel the 27-year-old father of two from Carrollton to Congress within eight years, on an audacious quest, as he saw it, to save Western civilization.

Flash forward four decades and here is Gingrich, once again the unconventional candidate, more impressed than ever with the value of his own thinking, making yet another unusual job application, this time for president.

Risen improbably from the ranks of GOP presidential discards, Gingrich is holding forth in Iowa, New Hampshire, South Carolina and beyond, lobbing rhetorical grenades that delight Republican voters hungry for someone with more moxie than Mitt Romney.

Barack Obama? "A radical who's incompetent."

Romney? He's fine, says Gingrich ? if all you're looking for is a manager.

And what of Gingrich himself? The former House speaker who resigned from Congress in a cloud of ethics problems and GOP discontent with his bombastic antics now casts himself as an older, wiser Newt: A 68-year-old grandfather who's settled down with wife No. 3, embraced God through Catholicism, discovered a passion for golf and the Green Bay Packers, and gained new perspectives on how to run a government by working on the outside for the past decade.

"I believe that I am a much more disciplined, much more mature person than I was 12 years ago," he says in an Associated Press interview.

Perhaps, but he has been here before.

Listen to the Newt Gingrich of 1985: "That was the old me ? abrasive and confrontational. You'll see a change now."

___

Gingrich was a popular assistant professor, but never bothered to seek tenure at West Georgia College. He'd selected the academic outpost in large part because he needed to run for Congress from somewhere, and the voting trends in Carrollton looked promising. Soon he was spreading out census data next to the stacks of blueberry pancakes on Steely's kitchen table, and plotting an end to the Southern Democrats' centurylong stranglehold on the 6th Congressional District.

It took three tries, but Gingrich finally won in a 1978 race that previewed his win-at-all-costs mindset. In a speech to college Republicans that year, he told the students: "One of the great problems we have in the Republican Party is that we don't encourage you to be nasty. We encourage you to be neat, obedient and loyal and faithful and all those Boy Scout words, which would be great around the campfire, but are lousy in politics."

Democrats, he added admiringly, "understand that cannibalism is the nature of the business."

Gingrich was ready to upend things up in Congress before he even arrived. Then-Rep. Pete du Pont, R-Del., remembers candidate Gingrich coming up for a visit ? not to seek counsel, but to provide it. "He was telling me all of his advice about how the Congress should be doing this and that," du Pont recalls.

He liked Gingrich's ideas and energy so much that in 1986, when du Pont decided to run for president, he gave Gingrich control of his GOPAC political action committee. Gingrich set to work building a farm team of Republican candidates in the states ? and a band of GOP revolutionaries within the Capitol.

"It was clear that he was looking to be an agent for transformation," says former Rep. Bob Walker, R-Pa., who joined with Gingrich in creating an upstart group of House Republicans called the Conservative Opportunity Society. "We were viewed as the people that the Republican establishment didn't want others to associate with."

Gingrich was scornful of the GOP leadership's defeatist attitude toward the Democratic majority and set out to show that Republicans were not to be trifled with ? even if he had to make the case to an empty House chamber, hoping to hook C-SPAN viewers far afield. He'd already claimed a couple of Democratic scalps by pushing ethics charges, and now he settled on a target so bold that even Walker remembers feeling uncomfortable at the stretch: House Speaker Jim Wright.

Gingrich plotted his assault patiently and meticulously, pursuing his prey for nearly two years. In the end, Wright resigned in 1989 after the House ethics committee charged him with violating rules that limit lawmakers' gifts and outside income.

As Wright stepped down, he called for an end to "this period of mindless cannibalism."

No one would accuse Newt Gingrich of being a Boy Scout Republican.

___

Driving north in a red 1969 VW Beetle, Gingrich had headed for Congress with one wife and before long had a different one. Now he's on his third.

They're just a few branches of what his youngest sister, Candace Gingrich-Jones, calls a "rather knotty" family tree.

Gingrich's mother, Kathleen, or Kit, was 16 when she married Newton McPherson, a mechanic. The marriage fell apart within days, but Newton Leroy McPherson was born nine months later in Harrisburg, Pa. Three years later, Newt's mother married Robert Gingrich, an Army officer who adopted "Newtie."

Gingrich, proud to call himself an Army brat, grew up in Pennsylvania, Kansas, France, Germany and Georgia, where he went to high school. Young Newt tutored pretty girls but was more interested in his books ? and his geometry teacher, Jackie Battley. He married her at 19. She was 26.

Robert Gingrich boycotted the wedding. Kit Gingrich, now deceased, said in a 1996 interview with PBS' "Frontline" that her husband felt "there was too much riding on Newt even then as to what he was going to be, what he was going to do. And marrying his math teacher was not one of them."

In fact, Jackie put her husband through a decade of schooling and turned out to be an important ally as Gingrich pursued a seat in Congress. But even as Gingrich campaigned as a family-values candidate, his marriage was disintegrating amid rumors of infidelity.

His second wife, Marianne, has said Gingrich proposed to her before the divorce from Jackie was final in 1981, and they were married six months later. That marriage ended in divorce in 2000, and Gingrich admitted he'd already taken up with Callista Bisek, a former congressional aide who would become his third wife. The speaker who pilloried President Bill Clinton for his affair with Monica Lewinsky was himself having an affair at the time.

With Newtonian chutzpah, Gingrich last spring attributed his infidelities in part to his work for the American people.

"There's no question at times of my life, partially driven by how passionately I felt about this country, that I worked far too hard and things happened in my life that were not appropriate," he told the Christian-oriented CBN network.

For all of that, Gingrich describes the family of his childhood as the stuff of Norman Rockwell. One of his daughters, Jackie Gingrich Cushman, recalls the whole family immersed in books, taking long walks together, going to the movies, camping out with college students in the Okefenokee Swamp.

These days, he's the doting grandfather to her two children, and Cushman says she's got to scold Gingrich to stop emailing her 12-year-old daughter after her bedtime.

Gingrich-Jones, 23 years younger than her brother, describes Newt as a "fun person." The chatter at family gatherings tends to be about food, music, sports, Guinness, she says.

Gingrich-Jones, who is gay, says she's never discussed her sexuality with Gingrich, who was married and gone before she was born. But she says that after she came out in 1987, Gingrich told their mother, "it's your life and you have the right to live it the way you want to."

She says Gingrich and wife Callista sent wedding and shower gifts when she married Rebecca Jones in 2009, and the four went out to dinner together last February and saw a play that Rebecca had written.

In public, the same Newt Gingrich calls gay marriage an "aberration" and suggests a constitutional amendment to ban it is in order if the federal law defining marriage as a union between a man and a woman is overturned.

"Yeah, it does hurt," says Gingrich-Jones.

She wonders what he really thinks.

___

She's not the only one to wonder where Gingrich's heart is.

He's got a stem-winder of a stump speech that's catnip to conservatives, with its pledges to follow the Reagan and Thatcher playbooks. Extending first one hand and then the other, he stands before voters and offers them disarmingly easy choices: A food-stamp president or a paycheck president. An "Alinsky radical" or an "American exceptionalist." A proponent of class warfare or a creator of jobs.

But then there are those pesky paradoxes.

Gingrich was for individual mandates for health insurance before he was against them. He was for U.S. intervention in Libya before he was against it. Just three years ago he planted himself on a couch with Democrat Nancy Pelosi to talk up the need for action on climate change, then called it the dumbest thing he'd done in years. He opened his campaign with a rant against fellow Republican Paul Ryan's plan to overhaul Medicare as "right-wing social engineering," then apologized. He criticized politicians for getting cozy with Freddie Mac, yet collected more than $1.6 million in consulting fees from the federally backed mortgage giant. He's running as an outsider, yet making the case that "having someone who actually knows Washington might be a really good thing."

The candidate who's tried to present himself as the voice of calm and reason in GOP presidential debates has made an art form of what Clinton once labeled institutionalized name-calling. He's still quick to brand Democrats as dumb, pathetic, disgusting and more.

"I never found him to be a conservative or anything else," says former Rep. Mickey Edwards, R-Okla., who served with Gingrich in the House. "I found him to be somebody who was primarily interested in his own advancement. ... Newt has had one primary interest for his entire public life, and that's Newt."

A liberal standard-bearer who disagrees with Gingrich on just about everything has reached an opposite conclusion.

"He is an absolute right-wing zealot ? but I think he really believes that stuff," says the Rev. Al Sharpton, who traveled the country with Gingrich in 2009 to promote education reform. "I think he's sincere. That's what scares me about him."

Whatever his shifts in conviction, Gingrich consistently presents himself as the smartest guy in the room, tossing out ideas faster than a pitching machine spits out baseballs, and decrying those who haven't learned the lessons of history as he has.

He's got Day One plans to sign 100 to 200 executive orders as president. He thinks child labor laws are "truly stupid." He wants to transform government with Lean Six Sigma principles of efficiency. In fact, why wait for Inauguration Day? He'll have Congress get to work on repealing "Obamacare" and financial regulations before he even takes the oath of office.

"We don't rely enough on actually knowing things," he tells one interviewer.

It's an intellectual fervor that Gingrich supporters love.

Walker casts the Gingrich idea factory as evidence of "a reasonably complex leader with a very agile mind."

Edwards dismisses it as an act.

"When Newt would walk through the halls, he would be very careful to be clutching reams of paper, and books and articles and newspapers and magazines, as if to say, `Everybody look at me. I'm the thinker. I'm the reader,'" Edwards recalls. "A lot of us would just roll our eyes."

___

Gingrich's bare-knuckled assault on Wright set him on a trajectory to his own tumultuous reign as speaker a few years later.

"It's a whole Newt world," one excited Republican proclaimed as Gingrich took charge in 1995 after he led congressional Republicans in a rout of Democrats in the 1994 midterm elections that ended their 40-year majority in the House.

And so it seemed.

A copy of Gingrich's "Contract With America," the policy agenda he pushed through Congress in his first 100 days as speaker, now sits in the Smithsonian. His tape-recorded GOPAC messages ? "We Are a Majority," "Visualizing Victory" and more ? are part of the Library of Congress' national recording registry. Time named him "Man of the Year" in 1995.

The balance of power shifted abruptly from the White House to Capitol Hill, and Clinton was left to assert gamely that "the president is relevant."

What followed was a period of both great productivity and great turmoil. Gingrich and Clinton ultimately figured out that they needed each other: "If I didn't pass it, he couldn't sign it. And if he didn't sign it, it didn't matter that I passed it," Gingrich recently told CNN.

Together, they balanced the budget, overhauled welfare, cut taxes.

But Gingrich's speakership also was combustible. He ran roughshod over fellow Republicans in his headlong quest to, as he put it, "drive through change on a scale that Washington wasn't comfortable with."

Republicans would sit through leadership meetings that turned into five-hour lectures on ancient history. They'd watch Gingrich pop out policy pronouncements on Sunday talk shows that were at odds with what they'd agreed upon. Some on the right thought he compromised too much.

He got most of the blame for shutting down the government ? twice ? in the budget wars, and made things worse by pouting over a perceived slight in his treatment by Clinton on Air Force One. He took heat for pushing the House to impeach Clinton.

And the man who tripped up Wright with ethics charges ultimately was caught in a similar snare.

In January 1997, Gingrich became the first speaker ever reprimanded and fined for ethics violations, slapped with a $300,000 penalty. Gingrich admitted he'd failed to follow legal advice concerning the use of tax-exempt contributions to advance potentially partisan goals.

He limped to re-election as speaker and by midsummer was fending off a revolt from GOP dissidents weary of his antics and tired of defending him.

"Some members had frustration because he wasn't all he dreamed to be," Rep. Jim Greenwood, R-Pa., said at the time.

Little more than a year later, it was all over for Gingrich when Democrats made unexpected gains in Congress and in the states in the 1998 elections.

Three days after the election, Gingrich announced plans to resign not just the speakership but his seat in Congress.

The man who'd once advised students that cannibalism is the nature of the business told House Republicans, "I'm willing to lead but I'm not willing to preside over people who are cannibals."

___

Associated Press writer Tom Beaumont in Des Moines, Iowa, contributed to this report.

___

Also on HuffPost:

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Source: http://www.huffingtonpost.com/2011/12/17/newt-gingrich-campaigning_n_1155499.html

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'iPad mini' with 7.85-inch screen rumored for late 2012 (Digital Trends)

ipad-mini-coming-in-2012-rumorRumors have once again surfaced regarding a so-called ?iPad mini.? The folks over at DigiTimes said that according to ?sources in the supply chain,? a 7.85-inch iPad is ?likely to launch? at some point in the latter half of 2012 (?prior to the fourth quarter,? says DigiTimes), with the iPad 3 believed to be coming in the early part of next year, at the end of the first quarter.

The smaller sized iPad is said to be coming in response to increased competition from devices such as Amazon?s recently released 7-inch Kindle Fire tablet.

The release of an increasing number of large-sized smartphones is also cited as a reason, though it???s thought the iPhone 5 will, when it???s released, be sporting a screen larger than the 3.5-inch one found on the iPhone 4S.

The DigitTimes report goes into more detail, saying that the Cupertino company will be buying 7.85-inch panels from LG Display and AU Optronics (AUO), with the mini iPad tablet going into production at the end of next year?s second quarter.

Before Friday?s report, rumors of an ?iPad mini? last surfaced back in October, with suggestions that such a device could be priced at around the $200 to $300 mark.

With Amazon?s $199 Kindle Fire seemingly flying off the shelves, perhaps the mini-tablet market is proving too hard to resist, despite Apple?s late CEO Steve Jobs last year calling 7-inch tablets ?tweener? devices ? too small to be tablets and too big to be smartphones. It seemed that with Jobs at the helm a mini iPad was out of the question, but with Tim Cook now running the show, and rumors of such a device increasing, it?s possible that a smaller-sized iPad could yet see the light of day.

This article was originally posted on Digital Trends

More from Digital Trends

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Source: http://us.rd.yahoo.com/dailynews/rss/applecomputer/*http%3A//news.yahoo.com/s/digitaltrends/20111215/tc_digitaltrends/ipadminiwith785inchscreenrumoredforlate2012

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Saturday, December 17, 2011

Gingrich having a good week, takes a break (Washington Post)

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McCain: US could lose gains without leaving troops (AP)

WASHINGTON ? Sen. John McCain says the U.S. could lose its gains in Iraq because no troops are staying behind.

Officials formally ended the war in Iraq Thursday, and all U.S. troops should depart by the end of the year. McCain said on NBC's "Today" show that the U.S. is at risk of losing everything it has gained without leaving a residual force behind to keep peace.

McCain accuses President Barack Obama of ignoring the advice of military leaders in order to keep a campaign promise to withdraw all U.S. troops. He says the lack of U.S .presence will embolden Iran and the Taliban in Afghanistan.

The senior Republican on the Senate Armed Services Committee, McCain lost the 2008 presidential race to Obama.

Source: http://us.rd.yahoo.com/dailynews/rss/iraq/*http%3A//news.yahoo.com/s/ap/20111215/ap_on_go_ot/us_iraq_mccain

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Friday, December 16, 2011

A look at key exchanges in the GOP debate (AP)

WASHINGTON ? PERRY TURNS TO TEBOW

The gaffe-prone Rick Perry sought strength from an unlikely source Thursday night: Tim Tebow.

The young Denver Broncos quarterback has captured the admiration of football fans across the country after a string of unlikely victories.

"There are a lot of folks that said Tim Tebow wasn't going to be a very good NFL quarterback. There are people that stood up and said, `Well, he doesn't have the right throwing mechanisms,' or he doesn't ? you know, he is not playing the game right," Perry said. "Am I ready for the next level? Let me tell you, I hope I am the Tim Tebow of the Iowa caucuses."

___

ROMNEY LINKS GINGRICH ATTACK TO OBAMA

Newt Gingrich jabbed at Mitt Romney's sometimes-controversial business career to score political points last week. But Romney was ready with an answer ? and a knock on President Barack Obama ? when asked about Gingrich's criticism that he shuttered American companies and laid off employees to make money in the private sector.

"I think the president is going to level the same attack," Romney said. "In the real world that the president has not lived in, I actually think he doesn't understand that not every business succeeds."

Romney said his successes and failures in business would make him a stronger president. And he suggested that Gingrich, like Obama, don't know how the "real economy" works.

"The president I'll look at and say, `Mr. President, how did you do when you were running General Motors as the president, took it over? Gee, you closed down factories. You closed down dealerships.' And he'll say, `Well, I did that to save the business.' Same thing with us, Mr. President. We did our very best to make those businesses succeed."

Expect to hear more of that from Romney on the campaign trail, especially as Democrats and his Republican rivals pour through his quarter-century business career.

___

PAUL, BACHMANN GO TOE TO TOE ON IRAN

Michele Bachmann, in an aggressive exchange with Ron Paul, helped expose what may be his greatest vulnerability among conservative voters: a strongly isolationist foreign policy.

Asked what he would do as president if presented with intelligence that Iran was on its way to possessing a nuclear weapon, Paul questioned why the U.S. has military bases around the world and drones flying over countries like Iran. Bachmann insisted that Iran presents a grave threat to the U.S. and Israel.

"The problem would be the greatest under-reaction in world history if we have an avowed madman who uses that nuclear weapon to wipe nations off the face of the earth," Bachmann said of the Iranian leader Mahmoud Ahmadinejad. On Paul's position, Bachmann was unambiguous: "Nothing could be more dangerous than the comments that we just heard."

Paul got the last word. "You're trying to dramatize this that we have to go and treat Iran like we've treated Iraq and kill a million Iraqis and 8,000 some Americans have died since we've gone to war. You cannot solve these problems with war," he said.

___

"PRETTY PLEASE" POLICY

Obama all but guaranteed an attack line this week when he asked Iran to return a drone that Iran claimed to have brought down in its territory. Romney seized the opportunity and hit it out of the park.

"A strong America is the best ally peace has ever known," Romney said in responding to a question about whether Obama's drone request had appeared timid and possible invited war.

"This is a president with the spy drone being brought down, he says, `Pretty please'? A foreign policy based on `pretty please'? You got to be kidding," Romney said.

Republicans have been eager to paint Obama as weak on foreign policy despite some obvious successes, such as ordering the mission that killed Osama bin Laden. With his answer, Romney guaranteed enthusiastic applause and an oft-repeated slogan, no matter who becomes the Republican nominee.

___

GINGRICH LIKES HOUSES

Defending $1.6 million in payments he received from federal mortgage giant Freddie Mac, Gingrich surprised many observers by insisting that government has a role to play in helping people buy houses.

"I'm not going to step back from the idea that in fact we should have as a goal, helping as many Americans as possible be capable of buying homes," Gingrich said. "There are a lot of government sponsored enterprises that are awfully important and do an awfully good job."

Gingrich's position is anathema to many conservatives who believe Freddie Mac and Fannie Mae played a key role in creating the housing bubble and the 2008 mortgage meltdown. He pushed back at Bachmann's claim that Freddie Mac is a "grandiose scam" that needs to be shut down, saying her allegations about his relationship with Freddie Mac were "factually untrue."

___

BACHMANN PUSHES BACK

Later in the evening, after Gingrich said a second time that Bachmann misstated facts, the Minnesota congresswoman pushed back hard.

"I think it's outrageous to continue to say over and over throughout the debate I don't have my facts right when, as a matter of fact, I do," Bachmann said. "I am a serious candidate for president of the United States. My facts are accurate."

Strong throughout the debate, the Minnesota congresswoman was particularly fearsome when she stood her ground and refused to be patronized. Her subtext was clear: Don't belittle the only woman on the stage.

Bachmann's declaration was impressive, but for one problem: She does misstate facts. Repeatedly.

Politifact, the award-winning, nonpartisan fact-checking website, has cited Bachmann 38 times for false statements.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20111216/ap_on_el_pr/us_gop_debate_takeaways

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