Sunday, March 31, 2013

Afghanistan's Karzai in Qatar, Taliban talks in focus

DOHA (Reuters) - President Hamid Karzai held talks with Qatari leaders on Sunday, official media reported, on a visit the Kabul government has said would seek to explore the possibility of talks with Taliban insurgents on ending Afghanistan's war.

Karzai's trip to the Gulf Arab state, a U.S. ally which has mediated in conflicts in Arab or Muslim countries, follows years of stalled discussions among the United States, Pakistan and the Taliban about a possible Afghan settlement.

Afghanistan's embassy in Doha confirmed Karzai's arrival on Saturday for a two-day visit to the Qatari capital, but declined to give any details on the purpose of the visit.

Qatar's state news agency QNA said Karzai held talks with the emir, Sheikh Hamad bin Khalifa al-Thani, attended by the Qatari Prime Minister and Foreign Minister Sheikh Hamad bin Jassim al-Thani.

QNA gave no details of the discussions, and later reported without elaborating that Karzai had left the country.

Afghanistan's Foreign Ministry spokesman, Janan Mosazai, announcing the visit last week, said Karzai would "discuss the peace process and the opening of a (Taliban) office for the purposes of conducting negotiations with Afghanistan."

The Kabul government has been pushing hard to get the Taliban to the negotiating table before foreign troops withdraw.

Afghan officials have not held direct talks with the militants, who were toppled in 2001 and have proven resilient after more than a decade of war with Western forces.

DIALOGUE

Earlier this month, Karzai said the Taliban and the United States had been holding talks in the Gulf Arab state of Qatar on a "daily basis", but the militant group and Washington denied they had resumed efforts on dialogue that stalled a year ago.

The Taliban suspended those talks, saying Washington was giving mixed signals on the nascent Afghan reconciliation process.

However, the United States has said it would support setting up a Taliban office in Qatar where peace talks between the Taliban and Afghanistan could take place.

On a visit to Kabul last week, U.S. Secretary of State John Kerry repeated a U.S. call for the Taliban to enter into talks and a wider political process.

He issued a veiled threat if they did not, saying U.S. President Barack Obama had yet to say how many U.S. troops will remain in the country after 2014.

Karzai has stressed the need to bring neighboring Pakistan into such a negotiation. U.S. and Afghan officials have long said the Taliban forces have sanctuary across the border in Pakistan.

Pakistan denies any senior insurgents enjoy sanctuary within its borders.

(Reporting by Regan Doherty; Writing by Sami Aboudi; Editing by William Maclean and Sophie Hares)

Source: http://news.yahoo.com/afghanistans-karzai-qatar-taliban-talks-focus-134115125.html

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Rajan Menon: Confronting What We Don't Know About the Korean Crisis

War cries, threats and counter-threats, moves and counter-moves are emanating from the Korean peninsula. Pundits have pronounced on what's going on and where things are headed. So this may be a good time to engage in some humility and to reflect on how little we know.

To make things easy, let's start with what we do know, as a matter of fact.

North Korea has a young (he's 30), untested leader, Kim Jong-un, who has been at the helm for barely a year, following the death of his father Kim Jong-il, a domineering presence. The Korean peninsula is crammed with soldiers and armaments, more so than any other place on the planet. A war would thus be a catastrophe -- no question about it.

There's no way that the United States could stay clear: it has alliance with South Korea and 28,000 troops stationed there.

Ditto for Japan, which hosts some 49,000 U.S. forces (11,000 are offshore) and over 80 American military installations, and would come under immediate attack by North Korea.

North Korea is the weaker side, based on the standard measures of power. The South has a GDP that's close to 40 times the size of the North's and a defense budget larger than the North's entire GDP. Its arsenal is much more advanced than the North's, which consists of Chinese and Soviet weaponry dating back to the 1970s, much of it even older.

The United States is treaty-bound to defend South Korea; North Korea lacks an identical arrangement with China, its principal patron.

Now for what we don't know, which is where the problems begin.

Who's calling the shots in North Korea? Is it the young, unseasoned Kim Jong-un? If so, he may fear that looking weak during his first big test will undermine irreparably his newly acquired authority. That might induce him to ramp up the rhetoric and to back it up with bold moves. That's one possibility and it's worrisome. Another is that he doesn't want to lose his newly acquired patrimony and will look for ways to wind down this crisis. There's no way to tell what's in his mind, though, apart from guesswork.

Or are North Korea's generals, much older men, who have held their posts for many years, running the show, at least during this crisis? If that's the case, how does the world look to them? For all their bluster, they are experienced military professionals and should -- I emphasize the word -- understand what the balance of power is and realize that they can't win a war and that it would bring down the North Korean state. Well, that's a plausible conclusion.

But maybe the old warriors of Spartan North Korea have contempt for South Korea's leaders, seeing them as American lackeys. Maybe they believe that the South, because of its astonishing economic success, has become a bourgeois society that's too addicted to creature comforts and the good life to risk war, or to prevail if it occurred anyway. The generals may also believe that their military machine is in fact as formidable as their boasts proclaim. Well, these too are reasonable inferences.

South Korea has a new and untested leader as well, indeed its first woman president, Park Guen-hye. She also may be under pressure to demonstrate that she's tough enough for the job -- and in Korea's male-dominant culture, no less. (It was hardly accidental that North Korea's propaganda machine blasted her "venomous swish skirt," whatever that means.) And, like Kim, Jong-un, she has big shoes to fill. Her father, strongman-president Park Chung-hee, a general before he seized power in a 1961 coup, ruled with an iron hand for 18 years.

But how exactly will this legacy shape her thinking now? Again, there's more than one possibility, especially because we haven't really seen her in action; she been in office for barely three months.

What about South Korea's alliance with the United States? This crisis overlaps with the U.S.-South Korea "Foal Eagle" military exercises (which have enabled Washington to flex its muscles by, for example, flying its B-52s and the B-2 stealth bomber over South Korean airspace). Does that reassure South Korea, or make it overconfident, risk-prone, and determined to get Kim to back down? Or does the alliance give the United States, which doesn't want to get dragged into a war, the influence to ensure that Seoul exercises caution in what it does and says? These too are questions to which there are no incontrovertible answers.

Then there's China. Does Beijing, as is sometimes assumed, have a lot of leverage with North Korea because of the aid it provides Pyongyang? Or does North Korea just take China's money, because it knows China needs to prop it up, and then do what it wants, as some say is the case? If it's the latter, Beijing, which has been urging calm (as has Russia), may be little more than a bystander. We should hope that what Beijing says does matter to Pyongyang. The problem: we don't know what the China factor amounts to.

The upshot is that we're in crisis where the wrong decisions could lead to calamitous consequences -- now that's a certainty. But good decisions require -- in addition to wisdom and luck -- good information. That's where the deficit is. Too many important, yet essential, questions have more than one plausible answer, in part because, when it comes to North Korea, there's no such thing as expertise, only varying degrees of ignorance.

There's another problem. Crises like these are notorious for generating what psychologists call cognitive dissonance. Under conditions of extreme stress (like crises that could lead to war), those responsible for making big decisions cling to established ideas and practices, which become security blankets.

Leaders under acute pressure become resistant to new information that contradicts their entrenched beliefs, precisely when they should be engaged in nuanced thinking. They misread the signals sent by the other side, filtering them through persisting perspectives. They overestimate their strengths and chances for success, and underestimate the other side's power and resolve.

They become convinced of their reasonableness -- and convinced that this is evident to the adversary. They dwell on the pressures that constrain their freedom of choice and see themselves as victims of circumstance. But they believe that the other side has plenty of choice but has chosen to act the way it is acting deliberately and out of animosity and malice. If both sides are caught in this cognitive trap, it becomes hard to tamp down crises.

Some wars, like World War II, are started deliberately, by aggressors or gamblers. Others, such as World War II, occur because fear, foolishness, misperception, and hubris combine to create a terrible outcome that no one wanted. This is the slip-slide path to war.

Full disclosure: I've bet that the current crisis on the Korean peninsula will not boil over into war, that the diatribes will be dialed down and that deterrence will prevail. But if there is a war, it will be produced by the forces that precipitated World War I. And psychologists will have a better explanation for it than generals will.

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Source: http://www.huffingtonpost.com/rajan-menon/fessing-up-to-what-we-don_b_2985651.html

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Senate group resolves key issues on immigration reform: lawmakers (reuters)

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Saturday, March 30, 2013

Bank of Cyprus big savers to lose up to 60 percent

Personas hacen fila mientras un guardia de seguridad abre la puerta de una sucursal del banco Laiki en Nicosia, el viernes 29 de marzo de 2013. Los bancos abrieron normalmente por segundo d?a pero contin?an los l?mites a los retiros de dinero ante la crisis financiera. (AP Foto/Petros Giannakouris)

Personas hacen fila mientras un guardia de seguridad abre la puerta de una sucursal del banco Laiki en Nicosia, el viernes 29 de marzo de 2013. Los bancos abrieron normalmente por segundo d?a pero contin?an los l?mites a los retiros de dinero ante la crisis financiera. (AP Foto/Petros Giannakouris)

A hat with money belonging to a musician, is seen on the ground as he plays music at the main shopping street in central capital Nicosia, Cyprus, on Saturday, March 30, 2013. Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday. (AP Photo/Petros Karadjias)

A sign at a branch of bank of Cyprus reading in Greek, "In light of the emergency restrictive measures, you can withdraw up to 300 euro either from the tellers or the ATM", as people are reflected on the glass in central capital Nicosia, Cyprus, on Surtaday, March 30, 2013. Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday. (AP Photo/Petros Karadjias)

Seen through a bus stop bench, a woman passes an empty shop with a sign reading in Greek 'for rent' in central capital Nicosia, Cyprus, on Saturday, March 30, 2013. Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday. (AP Photo/Petros Karadjias)

NICOSIA, Cyprus (AP) ? Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday.

Deposits of more than 100,000 euros ($128,000) at the Bank of Cyprus will lose 37.5 percent in money that will be converted into bank shares, according to a central bank statement. In a second raid on these accounts, depositors also could lose up to 22.5 percent more, depending on what experts determine is needed to prop up the bank's reserves. The experts will have 90 days to figure that out.

The remaining 40 percent of big deposits at the Bank of Cyprus will be "temporarily frozen for liquidity reasons," but continue to accrue existing levels of interest plus another 10 percent, the central bank said.

The savings converted to bank shares would theoretically allow depositors to eventually recover their losses. But the shares now hold little value and it's uncertain when ? if ever ? the shares will regain a value equal to the depositors' losses.

Emergency laws passed last week empower Cypriot authorities to take these actions.

Analysts said Saturday that imposing bigger losses on Bank of Cyprus customers could further squeeze already crippled businesses as Cyprus tries to rebuild its banking sector in exchange for the international rescue package.

Sofronis Clerides, an economics professor at the University of Cyprus, said: "Most of the damage will be done to businesses which had their money in the bank" to pay suppliers and employees. "There's quite a difference between a 30 percent loss and a 60 percent loss." With businesses shrinking, Cyprus could be dragged down into an even deeper recession, he said.

Clerides accused some of the 17 European countries that use the euro of wanting to see the end of Cyprus as an international financial services center and to send the message that European taxpayers will no longer shoulder the burden of bailing out problem banks.

But German Finance Minister Wolfgang Schaeuble challenged that notion, insisting in an interview with the Bild daily published Saturday that "Cyprus is and remains a special, isolated case" and doesn't point the way for future European rescue programs.

Europe has demanded that big depositors in Cyprus' two largest banks ? Bank of Cyprus and Laiki Bank ? accept across-the-board losses in order to pay for the nation's 16 billion euro ($20.5 billion) bailout. All deposits of up to 100,000 are safe, meaning that a saver with 500,000 euros in the bank will only suffer losses on the remaining 400,000 euros.

Cypriot officials had previously said that large savers at Laiki ? which will be absorbed in to the Bank of Cyprus ? could lose as much as 80 percent. But they had said large accounts at the Bank of Cyprus would lose only 30 to 40 percent.

Asked about Saturday's announcement, University of Cyprus political scientist Antonis Ellinas predicted that unemployment, currently at 15 percent, will "probably go through the roof" over the next few years.

"It means that (people) ... have to accept a major haircut to their way of life and their standard of living. The social impact is yet to be realized, but they will be enormous in terms of social unrest and radical social phenomenon," Ellinas said.

There's also concern that large depositors ? including many wealthy Russians ? will take their money and run once capital restrictions that Cypriot authorities have imposed on bank transactions to prevent such a possibility are lifted in about a month.

Cyprus agreed on Monday to make bank depositors with accounts over 100,000 euros contribute to the financial rescue in order to secure 10 billion euros ($12.9 billion) in loans from the eurozone and the International Monetary Fund. Cyprus needed to scrounge up 5.8 billion euros ($7.4 billion) on its own in order to clinch the larger package, and banks had remained shut for nearly two weeks until politicians hammered out a deal, opening again on Thursday.

But fearing that savers would rush to pull their money out in mass once banks reopened, Cypriot authorities imposed a raft of restrictions, including daily withdrawal limits of 300 euros ($384) for individuals and 5,000 euros for businesses ? the first so-called capital controls that any country has applied in the eurozone's 14-year history.

The rush didn't materialize as Cypriots appeared to take the measures in stride, lining up patiently to do their business and defying dire predictions of scenes of pandemonium.

Under the terms of the bailout deal, the country' second largest bank, Laiki ? which sustained the most damaged from bad Greek debt and loans ? is to be split up, with its nonperforming loans and toxic assets going into a "bad bank." The healthy side will be absorbed into the Bank of Cyprus.

On Saturday, economist Stelios Platis called the rescue plan "completely mistaken" and criticized Cyprus' euro partners for insisting on foisting Laiki's troubles on the Bank of Cyprus.

____

AP business correspondent Geir Moulson in Berlin and APTN reporter Adam Pemble in Nicosia contributed.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-03-30-Cyprus-Financial%20Crisis/id-95c83c8ffd1d4f42b04a462f5d1d2fa8

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Swing-state Democrats swing to equality - Seattle Gay News


Six senators embrace same-sex marriage as Supreme Court hearings begin

by Mike Andrew - SGN Staff Writer

Six Democratic U.S. senators from swing states announced their support for marriage equality this week, in the hours before U.S. Supreme Court hearings began on Prop 8 and DOMA.

Claire McCaskill of Missouri led off the parade on March 25, posting a statement on her Tumblr page.

'I have come to the conclusion that our government should not limit the right to marry based on who you love,' McCaskill wrote.

'While churches should never be required to conduct marriages outside of their religious beliefs, neither should the government tell people who they have a right to marry. My views on this subject have changed over time, but as many of my Gay and Lesbian friends, colleagues, and staff embrace long-term committed relationships, I find myself unable to look them in the eye without honestly confronting this uncomfortable inequality. Supporting marriage equality for Gay and Lesbian couples is simply the right thing to do for our country, a country founded on the principles of liberty and equality.

'Good people disagree with me. On the other hand, my children have a hard time understanding why this is even controversial. I think history will agree with my children.'

'EVOLVING' VIEWS
McCaskill was followed in short order by Sens. Mark Warner of Virginia and Mark Begich of Alaska.

'I support marriage equality because it is the fair and right thing to do,' Warner wrote on his Facebook page.

'Like many Virginians and Americans, my views on Gay marriage have evolved, and this is the inevitable extension of my efforts to promote equality and opportunity for everyone. I was proud to be the first Virginia governor to extend anti-discrimination protections to LGBT state workers. In 2010, I supported an end to the military's 'don't ask, don't tell' policy, and earlier this month I signed an amicus brief urging the repeal of DOMA. I believe we should continue working to expand equal rights and opportunities for all Americans.'

'I believe that same-sex couples should be able to marry and should have the same rights, privileges, and responsibilities as any other married couple,' Begich said in a statement also issued March 25.

'Government should keep out of individuals' personal lives - if someone wants to marry someone they love, they should be able to. Alaskans are fed up with government intrusion into our private lives, our daily business, and in the way we manage our resources and economy.'

In a statement to ABC News, West Virginia Sen. Jay Rockefeller also endorsed equality. Rockefeller was the only one of the six who was in Congress when DOMA passed in 1996, and at the time he voted for it.

GENERATIONAL SHIFT
'Like so many of my generation, my views on allowing Gay couples to marry have been challenged in recent years by a new, more open generation,' Rockefeller said.

'Churches and ministers should never have to perform marriages that violate their religious beliefs, but the government shouldn't discriminate against people who want to marry just because of their gender. Younger people in West Virginia and even my own children have grown up in a much more equal society, and they rightly push us to question old assumptions - to think deeply about what it means for all Americans to be created equal. This has been a process for me, but at this point I think it's clear that DOMA is discriminatory. I'm against discrimination in all its forms, and I think we can move forward in our progress toward true equality by repealing DOMA.'

Sen. Jon Tester of Montana joined the crowd on March 26.

'Montanans believe in the right to make a good life for their families,' Tester said on Facebook. 'How they define a family should be their business and their business alone. I'm proud to support marriage equality because no one should be able to tell a Montanan or any American who they can love and who they can marry.'

'A COMPLEX ISSUE'
North Carolina Sen. Kay Hagan checked in the next day.

'Marriage equality is a complex issue with strong feelings on both sides, and I have a great deal of respect for varying opinions on the issue,' she posted on Facebook.

'After much thought and prayer, I have come to my own personal conclusion that we shouldn't tell people who they can love or who they can marry. This wasn't a decision I came to overnight, like my Republican colleague Rob Portman expressed recently on his own viewpoint. Last year, I opposed [anti-Gay] Amendment One because I was concerned about the negative consequences it could have on North Carolina families and our economy. The fabric of North Carolina and what makes our state so special is our families and our common desire for a brighter future for our children. No matter what your family looks like, we all want the same thing for our families - happiness, health, prosperity, a bright future for our children and grandchildren.'

While the senators added to the political momentum building up for a reversal of DOMA by abandoning their previous skepticism about marriage rights for Gay and Lesbian couples, not all of them will have to deal with immediate political consequences. McCaskill and Tester won re-election last year and will not face voters again until 2018, and Rockefeller has already announced that his current term will be his last. But Warner, Begich, and Hagan, who were elected in 2008, will be up for re-election next year.

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Source: http://www.sgn.org/sgnnews41_13/page11.cfm

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Christians Worldwide Prepare for Easter (Voice Of America)

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Friday, March 29, 2013

The final OUYA retail console is ready, we go hands-on

The final OUYA retail console is ready, we go handson DNP

It's been a long time coming, and now the Android-powered, Kickstarter-funded OUYA video game console is finally heading to backers. Sure, the final retail units for non-backers won't be available until June, but around 50,000 lucky folks who pledged over $99 to OUYA's massively successful campaign will be receiving their units in the coming days. We've already heard what developers have to say about it, but this week we got our first hands-on with the miniature, Tegra 3-powered game console we've been hearing so much about since last summer.

Is it the "best Tegra 3 device on the market," as OUYA's claimed? Let's find out!

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/zDxGq1-6584/

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One scholar on 5 things 'The Bible' got wrong

Joe Alblas / AP

"The Bible" didn't always stick to its inspiration.

By Randee Dawn, TODAY contributor

?The Bible? miniseries has truly brought in divine ratings for The History Channel these past few weeks. Despite at least one major road bump (Satan appeared in a black hooded robe and was promptly compared to President Barack Obama), the episodes -- which selectively feature certain stories in both the Old and New Testaments -- have been well received by millions of viewers every week. But as the series comes to a close Sunday, it?s worth asking ? just how accurate was the series, in the end?

Telling the story of The Bible is a tricky business, said biblical scholar Dr. Peter E. Enns, who teaches Biblical Studies at Pennsylvania?s Eastern University. But it was clear, he notes, that series creators Mark Burnett and Roma Downey had an agenda ? and that every episode they told had one goal: To get to the climax of Jesus?s life and death.

??They were focusing on the final stage of the Bible story, which is Christ?s appearance,? he said. ?It?s all a buildup to that. They take a celebrity approach to The Bible, and highlight the figures people know and present them in ways that make it seem that when you get to Jesus, you?ll feel that this was how it was meant to be all along.?

That can lead to some problems with the series; for Enns, there were some clear issues with ?The Bible."

Telling Samson?s story
Samson is a ?minor character in the Bible,? said Enns, but gets a lot of screen time in the series. Why? He?s a precursor to Christ, said Enns: He gave his life for the community, is unjustly treated, chained and blinded. ?We?re seeing Jesus in preview form,? he said.

Joe Albas / A&E Television Network

Samson's major role in the series is probably because of his similarities to Christ.

Ninja angels
Jesus again got a preview in the scene where three visitors meet Abraham on their way to destroying the cities of Sodom and Gomorrah. ?In the Bible, these three figures are clearly angelic divine figures, but it?s ambiguous,? said Enns. Instead, since one is referred to as ?Lord,? the miniseries transformed him into a proto-Jesus, never clearly seen in the show, but highlighted as Christ. ?In the Old Testament, that?s completely out of bounds,? said Enns. The other two angels are also problematic: ?When the two angels in true ninja fashion take out swords and start swing-kicking, that?s a gratuitous moment.?

Joe Albas / A&E Television Network

The Warrior Angel could have doubled as a ninja.

Sarah wants to save her son
Sarah running after her husband Abraham and son Isaac as Abraham takes him to be sacrificed to God was ?stupid,? said Enns. ?It?s what a mother would do, but Sarah is nowhere to be found in that sequence. They turn the scene into an ?I want to save my boy!? moment rather than a test of faith.?

Joe Alblas / A&E Television Network

Sarah's role in Abraham's aborted sacrifice of Isaac is extended in the miniseries.

Too many Caucasians
Arguably, ?The Bible? was more multicultural than many versions have been in the past. But in 2013, the portrayal of characters with Scottish and British accents and clear European looks was just wrong, said Enns. ?You have Mary who looks like someone you?d bump into at the water cooler and she speaks wonderful American English," he said. "It does not do justice to the foreignness of the story.?

Joe Alblas / A&E Television Network

Mary, seen here with Joseph, looked too all-American, said a biblical scholar.

Sympathy for the Devil
While not precisely an inaccuracy, Enns gave a thumbs-down to the image of Satan and the resemblance to the president ? a comparison he made after watching the episode. ?What I thought was if the resemblance was not intentional, someone should have pointed it out,? he said. ?It was a very unwise decision to leave it there like that. So many people noticed it immediately that it makes it hard to imagine no one on set did.?

All of that said Enns knows that retelling The Bible is a tricky business. ?It?s impossible to please everybody with a show like this,? he said. ?You talk about God, you?re going to make enemies, especially with the sacred book.?

The series finale of "The Bible" airs Sunday at 8 p.m. on The History Channel.

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Source: http://theclicker.today.com/_news/2013/03/29/17492225-one-scholar-takes-issue-with-the-bible-5-things-the-series-got-wrong?lite

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Japan jobless rate up, prices, manufacturing fall

TOKYO (AP) ? Japan's jobless rate edged higher and industrial production fell slightly in February as consumer prices also fell, underscoring the fragility of the recovery of the world's third-largest economy.

The government data released Friday showed the main consumer price index fell 0.3 percent from a year earlier as deflation continued to defy the combined efforts of the government and central bank to move toward a 2 percent inflation target. However the CPI was up 0.1 percent from January's figure.

Unemployment rose to 4.3 percent from 4.2 percent the month before, while industrial production slipped by 0.1 percent in the first decline in three months. The unemployment rate for those below the age of 35 is significantly higher, at over 6 percent.

Japan's central bank governor, Haruhiko Kuroda, said Thursday that he believed the economy was improving after years of stagnation and would enter a moderate recovery by midyear. But he acknowledged high uncertainty because of the global economy.

Kuroda has pledged to work with Prime Minister Shinzo Abe's government in achieving the 2 percent inflation target set in January, preferably within two years, and ending years of growth-inhibiting deflation.

After taking power late last year, Abe's administration embarked on an aggressive stimulus program of government spending, monetary easing and planned reforms aimed at improving Japan's competitiveness. Revised figures show Japan's economy likely emerged from a recession late last year, but other data has been mixed.

The government's strategy will depend on getting consumers, whose spending accounts for the lion's share of economic activity, to spend more, and that in turn will hinge on encouraging companies to raise wages and increasing higher. Many companies huge cash reserves after having shed debt from the collapse of the economic bubble over 20 years ago but are wary of increasing investment given the existing weak demand and the aging and shrinking of the Japanese population.

Friday's data, coupled with signs of weakening retail sales, show the scale of the challenge in restoring consumer confidence.

By boosting inflation, Japan's planners hope to persuade consumers to spend more now in anticipation of price increases in the future. That could prove a daunting challenge given a drop in real wages over the past two decades and the weak job market, said Susumu Takahashi, head of the Japan Research Institute and a member of a government economic advisory council.

To achieve the inflation target the government must change expectations, he said.

"The only way is for the deflationary way of thinking to change. Without that it will be very hard," he said.

Speaking to lawmakers about the central bank's semiannual report, Kuroda said prices are unlikely to rise for the next few months but after that Japan would see some progress toward its inflation target as the economy moved toward a "moderate recovery path."

The central bank asset purchases and other strategies adopted so far have not been sufficient to reach the inflation target, he said, reiterating his intention to manage market expectations and "make clear that we have adopted the uncompromising stance that we will do whatever is necessary to overcome deflation."

Kuroda was appointed to succeed former BOJ governor Masaaki Shirakawa when he stepped down on March 19, three weeks before his term expired. The parliament is expected to approve his appointment to the five-year term, which is due to begin April 8.

The central bank is due to hold its first regular policy meeting under Kuroda April 3-4, though it may wait until later in the month to embark on any significant moves, such as a boosting its purchases of government bonds to help increase the amount of money available in the economy and encourage more investment by the private sector.

Source: http://news.yahoo.com/japan-jobless-rate-prices-manufacturing-fall-005246909--finance.html

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Army vet accused of fighting with al-Qaida

ALEXANDRIA, Va. (AP) ? A U.S. Army veteran was charged Thursday with joining up with an al-Qaida group to fight against the government of Syrian President Bashar al-Assad.

Eric Harroun, 30, of Phoenix was charged in U.S. District Court in Alexandria with conspiring to use a weapon of mass destruction ? specifically, a rocket propelled grenade launcher ? outside the U.S.

According to an FBI affidavit, Harroun, who served two years in the Army before being medically discharged, was engaged in military action in Syria, siding with rebel forces against the Syrian government, from January to March of this year.

Harroun told FBI investigators that he traveled to Turkey in November hoping to join the Free Syrian Army, a rebel group. In January, he crossed the border and made contact with the Free Syrian Army, which outfitted him two Russian rifles, according to the affidavit.

Within days, Harroun participated in an attack on a Syrian army encampment that was carried out jointly by the Free Syrian Army and the al-Nusrah Front, commonly known as "al-Qaida in Iraq" and designated a terrorist group by the U.S., according to the affidavit.

After that battle, Harroun retreated in the back of an al-Nusrah truck. Harroun told the FBI that at the al-Nusrah camp, he was initially treated like a prisoner but was later accepted by the other members and participated in several attacks with them, according to the affidavit.

Harroun said al-Nusrah fighters would ask him why the U.S. had designated them as terrorists, according to the affidavit.

Harroun used RPG launchers in the attacks and once, on his Facebook page, claimed credit for downing a Syrian helicopter. According to the affidavit, Harroun told the FBI that he shot an estimated 10 people in his various battles, though he was unsure if he had ever killed anyone.

On the Facebook page, Harroun also stated that "the only good Zionist is a dead Zionist" and that he intended to travel to the Palestinian territory because of Israeli atrocities there, according to the affidavit. The affidavit states that Harroun served in the Army from 2000 to 2003, when he received a medical discharge after he was injured in a car accident.

The federal public defender was appointed to represent Harroun at an initial public appearance Thursday, and a detention hearing was scheduled for Tuesday. Assistant U.S. Attorney Andrew Peterson said Harroun faces up to life in prison.

Harroun flew back to the U.S. Wednesday through Dulles International Airport. He was arrested after being questioned by FBI agents there.

The public defender for the Eastern District of Virginia, Michael Nachmanoff, declined comment Thursday, saying he had not yet had time to review the case in any depth.

Last year, Nachmanoff's office represented a northern Virginia man, Mohamad Soueid, who pleaded guilty to spying on U.S.-based Syrian dissidents on behalf of the Assad regime. Soueid said he was motivated to help the Syrian government because of his fear that Islamic extremists would take hold in Syria if Assad's secular regime were overthrown.

Harroun is not charged with providing material support to a terrorist group, but instead conspiring to use a weapon of mass destruction outside the U.S., a law that applies to U.S. nationals operating anywhere in the world. The statute makes no distinction or exception for an individual who may be fighting a hostile regime.

Source: http://news.yahoo.com/us-army-vet-charged-fighting-al-qaida-184044925.html

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Getting under the shell of the turtle genome

Thursday, March 28, 2013

The genome of the western painted turtle (Chrysemys picta bellii) one of the most widespread, abundant and well-studied turtles in the world, is published this week in Genome Biology. The data show that, like turtles themselves, the rate of genome evolution is extremely slow; turtle genomes evolve at a rate that is about a third that of the human genome and a fifth that of the python, the fastest lineage analyzed.

As a group, turtles are long-lived, can withstand low temperatures including freezing solid, can survive for long periods with no oxygen, and their sex is usually determined by the temperature at which their eggs develop rather than genetically. The painted turtle is most anoxia-tolerant vertebrate and can survive up to four months under water depending on the temperature. Turtles and tortoises are also the most endangered major vertebrate group on earth, with half of all species listed as endangered. This is the first turtle, and only the second non-avian reptile genome to be sequenced, and the analysis reveals some interesting insights about these bizarre features and adaptations, many of which are only known in turtles.

The western painted turtle is a freshwater species, and the most widespread turtle native to North America. Bradley Shaffer and colleagues place the western painted turtle genome into a comparative evolutionary context, showing that turtles are more closely related to birds and crocodilians than to any other vertebrates. They also find 19 genes in the brain and 23 in the heart whose expression is increased in low oxygen conditions ? including one whose expression changes nearly 130 fold. Further experiments on turtle hatchlings indicated that common microRNA was involved in freeze tolerance adaptation.

This work consistently indicates that common vertebrate regulatory networks, some of which have analogs in human diseases, are often involved in the western painted turtle achieving its extraordinary physiological capacities. The authors argue that the painted turtle may offer important insights into the management of a number of human health disorders, particularly those involved with anoxia and hypothermia.

###

BioMed Central: http://www.biomedcentral.com

Thanks to BioMed Central for this article.

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Source: http://www.labspaces.net/127506/Getting_under_the_shell_of_the_turtle_genome

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Wednesday, March 27, 2013

Parent-child violence leads to teen dating violence, study suggests

Mar. 25, 2013 ? Teens today are involved in intimate relationships at a much younger age and often have different definitions of what is acceptable behavior in a relationship. Violence is something that is all too common and according to researchers at Iowa State it is a reflection of the relationships teens have with their parents or their parent's partner.

"It is true that if you grow up in a violent household you have a higher likelihood of being in a violent relationship," said Brenda Lohman, lead author and an associate professor of human development and family studies at Iowa State University.

The research focused on psychological violence instead of physical violence. Lohman and her colleagues discovered that psychological violence between a parent and child was more significant than a child witnessing violence between two adults in the home.

"If the parent is more aggressive toward the child, the child is more likely to be in relationships where they're being victimized or perpetrating violence against their partner a few years or even a decade later," Lohman said.

This study is part of a special series of articles on teen dating violence guest edited by Lohman for the April issue of the Journal of Youth and Adolescence. It is one of the first studies to examine patterns of violence over three decades to see how children exposed to psychological violence and family stress were affected in relationships later in life. Researchers relied on data from the Iowa Youth and Family Project, a 24-year project assessing families in rural Iowa, as well as video recordings of families and couples having a discussion or completing assigned problem-solving tasks.

Researchers found family stress, both emotional and financial, during adolescence is another predictor of intimate partner violence, but only when people are in their late 20s or early 30s, not during the teen years. Tricia Neppl, coauthor and an assistant professor in human development and family studies, said there could be several reasons why. It could be that people are more stable in their relationships or the fact that they have children.

"For whatever reason, the family stress that you experienced in early adolescence is having some kind of a lasting effect on your role as you settle into adulthood," Neppl said. "And more so than emerging adulthood, or your early 20s, when you're still trying to figure out what those roles are, you're young and you may or may not have children yet."

What is troubling for researchers is how the cycle of violence continues from one generation to the next. Adolescents who are influenced by family stress early in life not only grow up to have poor relationships with their partner or spouse, but Neppl's work shows it influences their children's development into adulthood as well.

Negative personality and the more sexual partners a teen has also increases the likelihood of risky behavior and violence in a relationship, researchers said.

Teenage girls and the definition of violence

Perception and gender also factor into the cycle of violence. In a second study, Lohman interviewed teens in low-income neighborhoods in Boston, Chicago and San Antonio and found an individual's perception made a difference in how violence was reported.

For example, Lohman said she and her colleague found that in an urban sample "females were a lot more psychologically violent during the teen years than boys. This includes minor acts of violence, like name-calling, hitting, slapping or pushing."

However, the data did not allow researchers to pinpoint how the cycle of violence started with each reported incident and whether the male or female was the perpetrator. But it is not surprising to them to see more teen girls initiating the violence.

In the second study, drug and alcohol use, low parental monitoring, academic difficulties and involvement with antisocial peers were also significant early risk factors for perpetration of dating violence in late adolescence. Differences in race, culture and gender also strongly influenced if teens perpetrated violence.

"Teens who were struggling in school or were using drugs and alcohol were more likely to perpetrate violence," Lohman said. "Furthermore, teens whose parents did not know who their friends were or did not know where their child hung out socially with peers, were more likely to be violent. This underscores the importance of prevention and intervention programs that address peers, families and schools."

Prevention and building relationship skills

The fact that one in four adolescents report dating violence every year, according to the Centers for Disease Control, underscores the need for better and earlier prevention, Lohman said. The renewal of the Violence Against Women Act is a step in that direction, but researchers would like to see more education and programming in the schools or after-school programs that focus on the teen years.

Family intervention is also important to preventing psychological violence later in life.

"Working with families who are under particular amounts of stress, whether it is economic or emotional distress, it's working with those families to help lower their stress loads," Neppl said. "We also want to help teach them how to be better parents and focus more on prevention services."

The results from these two studies imply that early warning signs across multiple systems, such as the family, peers and schools, should be addressed in dating violence prevention programs.

"Beyond parenting, I think it starts with peer skill building and peer development. Adults can start by explaining appropriate things to say to other peers and that you don't call peers names. These skills then carry over into future romantic relationships," Lohman said. "The earlier you can teach relationship skills the better. As for romantic relationship skills, I would like to see those taught at least by middle school and beyond."

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Story Source:

The above story is reprinted from materials provided by Iowa State University.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Brenda J. Lohman, Tricia K. Neppl, Jennifer M. Senia, Thomas J. Schofield. Understanding Adolescent and Family Influences on Intimate Partner Psychological Violence During Emerging Adulthood and Adulthood. Journal of Youth and Adolescence, 2013; 42 (4): 500 DOI: 10.1007/s10964-013-9923-7

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/b6vDELmNp6A/130325160237.htm

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Tuesday, March 26, 2013

10 Things We Wish Ryan Gosling Would Say to Us

Now that The Place Beyond the Pines is hitting theaters, we're gearing up for some quality time with our boyfriend Ryan Gosling. (Okay, fine, he's not our boyfriend, but as soon as Eva Mendes is done with him, we call dibs.) Though he's threatened to take a break from acting -- say it ain't so! -- he's given us plenty of magical moments to re-watch over and over.

Source: http://www.ivillage.com/ryan-gosling-movie-quotes-we-wish-he-would-say-real-life/1-a-529821?dst=iv%3AiVillage%3Aryan-gosling-movie-quotes-we-wish-he-would-say-real-life-529821

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Secretary of State Kerry shows up unannounced in Afghanistan

By Arshad Mohammed

KABUL (Reuters) - Secretary of State John Kerry paid an unannounced visit to Afghanistan on Monday for talks with President Hamid Karzai, a official said, with both sides hoping to stabilize the country before most foreign troops leave by the end of 2014.

Kerry and Karzai will discuss a host of issues including Afghan reconciliation, the transfer of security responsibility to Afghan forces and Afghanistan's elections, the official told reporters.

Karzai's government is trying to open formal negotiations with the Taliban, who have remained resilient in the face of superior NATO firepower in the war now in its 12th year.

Karzai is due to travel to Qatar within days to discuss the peace process and the opening of a Taliban office for conducting negotiations. The trip comes after years of stalled discussions with the United States, Pakistan and the Taliban.

Commenting on Karzai's trip, the official told reporters: "I wouldn't want to overplay it but I think that it's a very positive sign. It's another step on a continued path toward ... getting to some sort of reconciliation process.

"Nobody is expecting that he will open an office there in a week. Nobody is expecting that he will be sitting down with Taliban in a week. This is a long process and this is one more small but positive step in that ... process."

Tensions between the United States and Afghanistan have deepened in recent years over a range of issues, including civilian casualties during air strikes, night raids and the transfer of prisoners.

The official acknowledged the difficulties in the U.S.-Afghan relationship but said he believed they had resolved a number of them, including an agreement to remove U.S. forces from part of Wardak province where they were accused of mistreating local residents.

He also said the United States believed that the two nations had moved beyond an incident in which Karzai recently accused Washington of colluding with the Taliban to keep foreign forces in Afghanistan, marring U.S. Defense Secretary Chuck Hagel's first trip to Pakistan since taking on his new post.

"There will always be bumps in the road ... It's a relationship that can withstand those," the U.S. official said.

"The process of winding down our current position and role in Afghanistan and stepping into more of a support role ... is not going to be a smooth process at all times. Issues of sovereignty and security are always going to be difficult."

The official said Kerry had wanted to visit Pakistan on this trip but had decided not to given the May 11 election, in part to avoid any appearance of seeking to influence what would be Pakistan's first civilian to civilian electoral handover.

The military has ruled Pakistan for more than half of its 66-year history, either through coups or from behind the scenes.

(Editing by Michael Georgy and Nick Macfie)

Source: http://news.yahoo.com/secretary-state-kerry-makes-unannounced-visit-afghanistan-110103469.html

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Monday, March 25, 2013

New lung cancer study takes page from Google's playbook

Mar. 25, 2013 ? The same sort of mathematical model used to predict which websites people are most apt to visit is now showing promise in helping map how lung cancer spreads in the human body, according to a new study published in the journal Cancer Research.

A team of researchers used an algorithm similar to the Google PageRank and to the Viterbi Algorithm for digital communication to analyze the spread patterns of lung cancer. The team includes experts from the University of Southern California (USC), Scripps Clinic, The Scripps Research Institute, University of California, San Diego Moores Cancer Center and Memorial Sloan-Kettering in New York.

"This research demonstrates how similar the Internet is to a living organism," said USC Viterbi School of Engineering Professor Paul Newton, Ph.D., the lead and corresponding author of the study. "The same types of tools that help us understand the spread of information through the web can help us understand the spread of cancer through the human body."

Employing a sophisticated system of mathematical equations known as a Markov chain model, the research team -- guided by USC applied mathematicians- found that metastatic lung cancer does not progress in a single direction from primary tumor site to distant locations, which has been the traditional medical view. Instead, they found that cancer cell movement around the body likely occurs in more than one direction at a time.

Researchers also learned that the first site to which the cells spread plays a key role in the progression of the disease. The study showed that some parts of the body serve as "sponges" that are relatively unlikely to further spread lung cancer cells to other areas of the body. The study identified other areas as "spreaders" for lung cancer cells.

The study revealed that for lung cancer, the main spreaders are the adrenal gland and kidney, whereas the main sponges are the regional lymph nodes, liver and bone.

The study applied the advanced math model to data from human autopsy reports of 163 lung cancer patients in the New England area, from 1914 to 1943. This time period was targeted because it predates the use of radiation and chemotherapy, providing researchers a clear view of how cancer progresses if left untreated. Among the 163 patients, researchers charted the advancement patterns of 619 different metastases to 27 distinct body sites.

The study's findings could potentially impact clinical care by helping guide physicians to targeted treatment options, designed to curtail the spread of lung cancer. For example, if the cancer is found to have moved to a known spreader location, imaging tests and interventions can be quickly considered for focused treatment before the cells may be more widely dispersed. Further study is needed in this area.

Keeping tabs on cancer's movement in the body is vital to patient care. While a primary cancer tumor (confined to a single location) is often not fatal, a patient's prognosis can worsen if the cancer metastasizes -- that is, flakes off and travels to other parts of the body to form new tumors.

The study is part of a relatively new movement to involve physical sciences in oncology research. Mathematics probability models that interpret data from specific patient populations offer a new alternative to the established approach of relying on broader clinical trends to predict where, and how fast, cancer will spread.

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Story Source:

The above story is reprinted from materials provided by University of Southern California, via EurekAlert!, a service of AAAS.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. P. K. Newton, J. Mason, K. Bethel, L. Bazhenova, J. Nieva, L. Norton, P. Kuhn. Spreaders and sponges define metastasis in lung cancer: A Markov chain mathematical model. Cancer Research, 2013; DOI: 10.1158/0008-5472.CAN-12-4488

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/S2c0yU_9a4g/130325111150.htm

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Glass-blowers at a nano scale

Mar. 25, 2013 ? EPFL researchers are using the electrical properties of a scanning electron microscope to change the size of glass capillary tubes -- Their method has already been patented as it could pave the way to many novel applications.

Have you ever thrown into the fire -- even if you shouldn't have -- an empty packet of crisps? The outcome is striking: the plastic shrivels and bends into itself, until it turns into a small crumpled and blackened ball. This phenomenon is explained by the tendency of materials to pick up their original features in the presence of the right stimulus. Hence, this usually happens when heating materials that were originally shaped at high temperatures and cooled afterwards.

EPFL researchers realized that this phenomenon occurred to ultrathin quartz tubes (capillary tubes) under the beam of a scanning electron microscope. "This is not the original microscope's purpose. The temperature increase is explained by an accumulation of electrons in the glass. Electrons accumulate because glass is a non-conductive material." explains Lorentz Steinbock, researcher at the Laboratory of Nanoscale Biology and co-author of a paper on this subject published in Nano Letters.

As the glass shrinks, it can be seen live on the microscope screen. "It's like a glass-blower. Thanks to the possibilities provided by the new microscope at EPFL's Center of Micronanotechnology (MIC), the operator can adjust the microscope's voltage and electric field strength while observing the tube's reaction. Thus, the person operating the microscope can very precisely control the shape he wants to give to the glass," says Aleksandra Radenovic, tenure-track assistant professor in charge of the laboratory.

At the end of this process, the capillary tube's ends are perfectly controllable in diameter, ranging from 200 nanometers to fully closed. The scientists tested their slimmed down tubes in an experiment aiming to detect DNA segments in a sample. The test sample was moved from one container to another on a microfluidic chip. Whenever a molecule crossed the "channel" connecting the containers, the variation of the ion current was measured. As expected, the EPFL team obtained more accurate results with a tube reduced to the size of 11 nm than with standard market models. "By using a capillary tube costing only a few cents, in five minutes we are able to make a device that can replace "nano-channels" sold for hundreds of dollars!" explains Aleksandra Radenovic.

These nano-fillers have a potential beyond laboratory usage. "We can imagine industrial applications in ultra-high precision printers, as well as opportunities in surgery, where micro-pipettes of this type could be used at a cell's scale," says the researcher.

For the time being, the method for manufacturing nano-capillary tubes is manual, the transition to an industrial scale will take some time. However, the researchers have been able to demonstrate the concept behind their discovery and have registered a patent. Therefore, the road is already paved.

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The above story is reprinted from materials provided by Ecole Polytechnique F?d?rale de Lausanne, via EurekAlert!, a service of AAAS.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. L. J. Steinbock, J. F. Steinbock, A. Radenovic. Controllable Shrinking and Shaping of Glass Nanocapillaries under Electron Irradiation. Nano Letters, 2013; : 130318124758001 DOI: 10.1021/nl400304y

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/MagwEdbjdsE/130325111156.htm

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FDA rejects United Therapeutics' oral hypertension drug again

(Reuters) - Biotechnology company United Therapeutics Corp said its oral drug to treat hypertension was rejected for the second time by health regulators, sending its shares down 6 percent before the bell to $57.

The drugmaker did not say it would quit pursuing a marketing approval for the tablet.

"We remain confident that oral treprostinil will play an important role in treating pulmonary arterial hypertension," Chief Executive Martine Rothblatt said.

The drug, treprostinil diolamine, was first rejected by the Food and Drug Administration in October after it had failed to show statistically significant results in patients taking a six-minute walk test during clinical studies.

United Therapeutics already has a treprostinil injection named Remodulin and an orally inhaled version Tyvaso on the market to treat pulmonary arterial hypertension, a disease characterized by abnormally high blood pressure in the pulmonary artery that carries blood from the heart to the lungs.

Remodulin, the company's lead product, accounted for half of United Therapeutics's revenue last year. The company also sells Adcirca, an oral tablet to treat PAH.

Oral versions are usually preferred over other forms due to their ease of administration.

(Reporting By Vrinda Manocha in Bangalore; Editing by Sreejiraj Eluvangal)

Source: http://news.yahoo.com/fda-rejects-united-therapeutics-oral-hypertension-drug-again-120238269--finance.html

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'Spring Breakers' Girls Fight Over Britney Spears Lyrics

'I love Britney, but you really, really, really love Britney,' Ashley Benson said of Selena Gomez.
By Jocelyn Vena


Rachel Korine, Ashley Benson, Selena Gomez and MTV News' Josh Horowitz
Photo: MTV News

Source: http://www.mtv.com/news/articles/1704189/spring-breakers-selena-gomez-britney-spears-lyrics.jhtml

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Sunday, March 24, 2013

Cyprus talks to continue; no deal yet

People walk at the old city of capital Nicosia, Cyprus, Saturday, March 23, 2013. Politicians in Cyprus were racing Saturday to complete an alternative plan raising funds necessary for the country to qualify for an international bailout, with a potential bankruptcy just three days away. (AP Photo/Petros Karadjias)

People walk at the old city of capital Nicosia, Cyprus, Saturday, March 23, 2013. Politicians in Cyprus were racing Saturday to complete an alternative plan raising funds necessary for the country to qualify for an international bailout, with a potential bankruptcy just three days away. (AP Photo/Petros Karadjias)

People buy goods from a vegetable market, in central Nicosia, on Saturday, March 23, 2013. Politicians in Cyprus were racing Saturday to complete an alternative plan raising funds necessary for the country to qualify for and international bailout, with a potential bankruptcy just three days away. (AP Photo/Petros Giannakouris)

A man plays with his guitar as a woman passes at Ledras street in Nicosia, Cyprus, Saturday, March 23, 2013. Politicians in Cyprus were racing Saturday to complete an alternative plan raising funds necessary for the country to qualify for an international bailout, with a potential bankruptcy just three days away. (AP Photo/Petros Karadjias)

A elderly woman buys goods from a vegetable market, in central Nicosia, on Saturday, March 23, 2013. Politicians in Cyprus were racing Saturday to complete an alternative plan raising funds necessary for the country to qualify for and international bailout, with a potential bankruptcy just three days away. (AP Photo/Petros Giannakouris)

A woman drinks a coffee and smokes in the old city of the capital Nicosia, Cyprus, Saturday, March 23, 2013. Politicians on Cyprus were racing Saturday to complete an alternative plan raising funds necessary for the country to qualify for an international bailout, with a potential bankruptcy just three days away. (AP Photo/Petros Karadjias)

(AP) ? Cyprus officials and international representatives ended torturous negotiation in the early hours of Sunday with no agreement on a plan to raise money the island nation needs to qualify for a bailout package. Talks are set to resume later Sunday in Brussels, but time is running out: Failure would mean Cyprus could declare bankruptcy in just two days and possibly have to exit the eurozone.

Cyprus President Nicos Anastasiades and Finance Minister Michalis Sarris will travel to the Belgian capital early Sunday. A viable plan must be cemented before finance ministers from the 17 countries that use the euro currency meet in Brussels in the evening.

"Negotiations are at a very delicate phase," government spokesman Christos Stylianides said in a statement. "The situation is very difficult and the margins very limited."

Cyprus has been told it must raise 5.8 billion euros ($7.5 billion) in order to secure 10 billion euros in rescue loans from other European countries that use the single currency, as well as from the IMF.

The IMF, European Central Bank and European Commission ? known as the troika ? will determine whether the plan that the Cypriots devise will meet the requirements for any international bailout package. Then, the plan is to be presented to the eurozone finance ministers for final approval.

The European Central Bank has said it will stop providing emergency funding to Cyprus' banks after Monday if no new plan is in place. Without its support, the banks would collapse on Tuesday, pushing the country toward bankruptcy and a potential exit from the 17-nation bloc that uses the euro currency.

"We recognize the progress now being made by the Cypriot government toward a solution which can pave the way for an agreement on a financial assistance program for Cyprus," European monetary affairs commissioner Olli Rehn said in Brussels. "Intensive work and contacts will continue in the coming hours."

In Brussels, Anastasiades will meet with IMF chief Christine Lagarde and other European officials before the crucial Eurogroup meeting.

The country's lawmakers soundly rejected an unpopular initial plan that would have seized up to 10 percent of people's bank accounts, and Cyprus is now seeking another way to raise the desperately needed money. But the idea of some sort of deposit grab returned to the fore after Cyprus' attempt to gain Russian financial aid failed.

Conflicting reports of progress emerged during the talks Saturday.

Late Saturday night, a finance ministry official said an accord was "very close," and would likely include a hefty tax of a fifth to a quarter of deposits over 100,000 euros at the country's troubled largest lender, Bank of Cyprus. But a banking official with knowledge of the talks said no deal was in the offing and wouldn't likely arrive before Sunday.

Both spoke on condition of anonymity because negotiations were ongoing and they were not authorized to release details.

According to a second finance ministry official, who also spoke on condition of anonymity because he's not authorized to speak about the negotiations, new laws may not be needed if negotiators opt for a "voluntary contribution" from Bank of Cyprus savings accounts above 100,000 euros, which is the insurance limit.

Another option being considered is smaller tax on all bank deposits above 100,000 euros.

Cyprus took significant steps toward cementing a new plan Friday night, when its lawmakers approved nine bills, including three crucial ones that will restructure ailing banks, restrict financial transactions in emergencies and set up a "solidarity fund" that will act as the vehicle for raising funds from investments and contributions.

The bank restructuring will include the country's troubled second largest lender, Laiki, which suffered heavy losses after being exposed to toxic Greek debt.

Cypriot banks have been shut this past week while the plan was being worked out, and are not due to reopen until Tuesday. Cash has been available through ATMs, but many run out quickly, and those machines for the troubled Laiki Bank are only dispensing 260 euros a day.

Thousands of angry bank employees afraid of losing their jobs marched through the center of Nicosia to the Finance Ministry and Parliament, some with placards around their necks reading: "No to the bankruptcy of Cyprus."

"We are protesting for our jobs, and jobs of all in Cyprus," bank employee Zoei Koiachi said.

Worried about her job after 36 years at Laiki, Eleni Koutsourdou said lawmakers should have approved the initial plan for the 10 percent deposit grab for the sake of protecting the financial sector. "It's unfair. They pocketed everything and we end up paying for it," she said.

The restructuring of Laiki and the sale of the toxic-asset laden Greek branches of Cypriot banks is expected to cut the amount the country needs to raise to about 3 billion euros instead of 5.8 billion euros, officials have said. Bank of Cyprus, which was also exposed to Greek debt, might also be involved in the restructuring.

____

Elena Becatoros in Nicosia contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-03-23-Cyprus-Financial%20Crisis/id-3b4f46e4a36f4f87ba852563c1ed511f

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