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"The Hobbit" trumps star-packed "Les Miserables"

Written By Unknown on Senin, 31 Desember 2012 | 08.10

REUTERS - The dwarfs and elves of "The Hobbit: An Unexpected Journey" prevailed at the North American box office again over the weekend, as its $32.9 million in ticket sales topped both the star-packed musical "Les Miserables" and the western "Django Unchained."

Despite surging past "The Hobbit" on Christmas day with an $18.1 million opening, "Les Miz" managed only third place in U.S. and Canadian sales with $28 million as Christmas shoppers returned from the malls to boost Hollywood's box office, according to studio estimates.

"The Hobbit," in its third week of release, has now grossed $222.7 million domestically, Warner Bros said.

Quentin Tarantino's "Django Unchained," a western starring Jamie Fox as a slave turned bounty hunter, took second with an impressive $30.7 million.

Tom Cruise's crime drama "Jack Reacher," a film that features author Lee Child's former military investigator solving a fatal sniper attack, landed in fifth with $14 million, outpaced by "Parental Guidance," the Billy Crystal-Bette Midler as grandparents comedy, which took in $14.8 million to nab the fourth spot.

(Reporting By Ronald Grover and Chris Michaud; Editing by Cynthia Osterman)



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Militants slit throats of 15 Christians in Nigeria

From Paul Ohia Abuja, Dec 30 (PTI) Suspected Islamic Boko Haram militants have killed 15 Christians by slitting their throats in a village in Nigeria's restive northeast, a relief official said today. The official, on condition of anonymity, said the militants forced their way into some homes identified to be inhabited by Christians in Musari community near Maiduguri city and slit the throat of 15 people. Earlier, Lt Col Sagir Musa, a spokesman of the military Joint Task Force deployed by the government to fight terrorism in the area, had given the number of those killed as five. But a resident confirmed the number of persons killed by the suspected militants as 15. Boko Haram says it is fighting to install Islamic Sharia rule in Africa's top oil producing country. The country though a secular state, has two major religions; Islam and Christianity. Christians are found mainly in the south while Muslims are predominant in the north but they share the 150 million population of the country on roughly equal proportion. PTI PO ZH


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Arab officials visit cash-strapped Palestinian territory

Written By Unknown on Minggu, 30 Desember 2012 | 08.10

RAMALLAH, West Bank (Reuters) - Top Arab officials paid a rare visit to the Israeli-occupied West Bank on Saturday to discuss a Palestinian financial crisis that President Mahmoud Abbas hopes will be eased by Arab donations.

Arab League Chief Nabil Elaraby and Egyptian Foreign Minister Mohamed Kamel Amr congratulated the Palestinians on a successful United Nations status upgrade last month, but stopped short of promising the badly-needed funds.

"Palestine is in need of material and political support," Elaraby told a news conference in the Palestinians' de facto capital of Ramallah.

"Arab countries agreed at their Baghdad summit (in March) for an Arab safety net of $100 million dollars each month, but unfortunately none of this has been achieved yet," he said.

Palestinian were cheered by a strong majority in the United Nations recognising them as an "observer state" on November 29 but have struggled to get Arab support to make up $100 million in shortfalls left by Israeli sanctions following the U.N. move.

Elaraby is the first Arab League Chief to visit Ramallah, but he and other prominent Arab and Islamic leaders, including the Egyptian prime minister, met Abbas's Palestinian Hamas rivals in Gaza during their brief war with Israel last month.

QATARI LEADER

Hamas, which split from the West Bank after it seized control of the Gaza Strip in 2007, also won a diplomatic coup by receiving Emir Hamad bin Khalifa al-Thani, ruler of the oil-rich Gulf state of Qatar, who pledged $400 million in aid for the impoverished territory in October.

The emir postponed a visit to Ramallah he had announced this month, disappointing West Bank officials who had hoped he would arrive bearing gifts of cash.

The Gaza visits broke years of diplomatic quarantine for the Islamist Hamas group, which refuses to recognise Israel or relinquish its arms, and increased the isolation of the dovish, Western-backed Ramallah government.

West Bank officials have watched with worry as uprisings in the Arab world divert attention from their diplomatic strategy, which has failed to achieve an independent Palestinian state.

Hamas militants, by contrast, have been heartened as fellow-Islamists rise to power in Egypt and elsewhere.

Abbas has accused Israel of "piracy" after it withheld customs revenues it collects on the Palestinians' behalf, citing months of utilities bills Ramallah owes Israeli companies.

The financial crisis has forced the Palestinian Authority to delay salary payments to West Bank employees, who have gone on strike in protest. Abbas has responded by saying he might give up power and compel Israel to take on the Palestinians' affairs.

"Sit in the chair here instead of me, take the keys, and you will be responsible for the Palestinian Authority," Abbas warned Israeli Prime Minister Benjamin Netanyahu, in an interview with the Israeli Haaretz newspaper this week.

"I won't do anything as long as there are diplomatic negotiations," he said. "But if the stalemate continues...what's left for us to do?"

(Reporting By Noah Browning and Ali Sawafta; Editing by Alistair Lyon)



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Major fire in oil tank at Ropar thermal plant

Sat, Dec 29, 2012 at 23:36

Major fire in oil tank at Ropar thermal plant

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Major fire in oil tank at Ropar thermal plant

Major fire in oil tank at Ropar thermal plant

Like this story, share it with millions of investors on M3

Major fire in oil tank at Ropar thermal plant

Major fire in oil tank at Ropar thermal plant

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Rupnagar (Punjab), Dec 29 (PTI) A major fire tonight broke out at the oil tank at Ropar thermal plant but all its units are running normally. A heavy fuel oil tank no 2 caught fire at 8pm reportedly after a blast, official sources said. HFO tank is away from the plant's main building and there is no danger to plant and machinery of units. Fire tenders have rushed to site and efforts are being made to control the fire. All the senior plant officials have reached the site, the sources said. PTI COR AKA PAL


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Delhi gang-rape victim dies in Singapore hospital

Written By Unknown on Sabtu, 29 Desember 2012 | 08.10

By Kevin Lim

SINGAPORE (Reuters) - The gang-rape victim whose assault in New Delhi triggered nationwide protests died in hospital on Saturday of injuries suffered in the attack, a Singapore hospital treating her said.

The death of the 23-year-old medical student could spawn new protests and possibly fresh confrontations with the police, especially in the Indian capital, which has been the focus of the demonstrations.

"We are very sad to report that the patient passed away peacefully at 4:45 a.m. on Dec 29, 2012 (2:15 a.m. IST Saturday). Her family and officials from the High Commission of India were by her side," Mount Elizabeth Hospital Chief Executive Officer Kelvin Loh said in a statement.

The woman, who was severely beaten, raped and thrown out of a moving bus in New Delhi, was flown to Singapore by the Indian government on Wednesday for specialist treatment.

Most rapes and other sex crimes in India go unreported and offenders are rarely punished, women's rights activists say. But the brutality of the assault on December 16 triggered public outrage and demands for better policing and harsher punishment for rapists.

The case has received blanket coverage on cable television news channels. The woman has not been identified but some Indian media have called her "Amanat", an Urdu word meaning "treasure".

Earlier on Friday, the hospital had reported that the young woman's condition had taken a turn for the worse. It said that her family had been informed and were by her side.

T.C.A. Raghavan, the Indian High Commissioner to Singapore, said after her death that the family has expressed a desire for her body to be flown back to India.

At a briefing earlier on Saturday, Raghavan declined to comment on reports in India accusing the government of sending her to Singapore to minimise the possible backlash in the event of her death.

Some Indian medical experts had questioned the decision to airlift the woman to Singapore, calling it a risky manoeuvre given the seriousness of her injuries. They had said she was already receiving the best possible care in India.

Prime Minister Manmohan Singh's government has been battling criticism that it was tone-deaf to the outcry and heavy-handed in its response to the protests in the Indian capital.

"It is deeply saddening and just beyond words. The police and government definitely have to do something more," said Sharanya Ramachandran, an Indian national who is working as an engineer in Singapore.

"They should bring in very severe punishment for such cases. They should start recognising that it is a big crime."

"SIGNIFICANT BRAIN INJURY"

The Singapore hospital said earlier that the woman had suffered "significant brain injury" and was surviving against the odds. She had already undergone three abdominal operations before being flown to Singapore.

Demonstrations over the lack of safety for women erupted across India after the attack, culminating last weekend in pitched battles between police and protesters in the heart of New Delhi.

New Delhi has been on edge since the weekend clashes. Hundreds of policemen have been deployed on the streets of the capital and streets leading to the main protest site, the India Gate war memorial, have been shut for long periods, causing commuter chaos in the city of 16 million.

Political commentators and sociologists say the rape has tapped into a deep well of frustration that many Indians feel over what they see as weak governance and poor leadership on social and economic issues.

Many protesters have complained that Singh's government has done little to curb the abuse of women in the country of 1.2 billion. A global poll by the Thomson Reuters Foundation in June found that India was the worst place to be a woman because of high rates of infanticide, child marriage and slavery.

New Delhi has the highest number of sex crimes among India's major cities, with a rape reported on average every 18 hours, according to police figures. Government data show the number of reported rape cases in the country rose by nearly 17 percent between 2007 and 2011.

(Reporting by Eveline Danubrata and Kevin Lim; Writing by Kevin Lim in Singapore and Ross Colvin in New Delhi; Editing by Michael Roddy)



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U.S. Senate approves $60.4 billion Superstorm Sandy reconstruction bill

WASHINGTON (Reuters) - The U.S. Senate on Friday approved a $60.4 billion aid package to pay for reconstruction costs from Superstorm Sandy, after defeating Republican efforts to trim the bill's cost.

Senate Majority Leader Harry Reid urged the Republican-controlled House of Representatives to quickly take up the bill.

Both chambers have to agreed on a package by Jan 2, when the current term of Congress is expected to end, or restart the process of crafting legislation in 2013.

The bill's chance s in the next few days could depend on whether President Barack Obama and congressional leaders reach a deal to avert t he "fiscal cliff" of t ax in creases a nd spending cuts set to beg in kicking in the new year.

Republicans complain the $60.4 billion reconstruction package requested by Obama is more than the annual budgets for the departments of Interior, Labor, Treasury and Transportation combined. They have urged a slower relief approach based on a co ngressional assessment of needs.

The Congressional Budget Office has estimated about $8.97 billion of the S enate bill would be spent in 2013, with another $12.66 billion spent in 2014 and $11.59 billion spent in 2015

(Reporting By Doug Palmer; editing by Todd Eastham)



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Yen extends fall, Asian shares capped by U.S. fiscal worry

Written By Unknown on Jumat, 28 Desember 2012 | 08.10

By Chikako Mogi

TOKYO (Reuters) - The yen hit its lowest point in more than two years on Friday, on strong expectations of drastic monetary easing, underpinning Japanese equities, while Asian shares were capped by worries the United States may run out of time to avoid a fiscal crunch.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent. It has gained about 18 percent this year, a sharp turnaround from an 18 percent plunge in 2011.

Australian shares rose 0.6 percent and were on track to post their strongest annual gain since 2009, with resources supported by rising iron ore prices. South Korean shares opened 0.1 percent lower.

European shares were nearly flat overnight, and U.S. stocks marked a fourth straight session of losses.

"A U.S. fiscal deal is unlikely to be reached this year, but the stock markets will not fall sharply because a partial deal could be reached early next year," said Laurence Kim, an analyst at Woori Investment & Securities.

U.S. lawmakers on Thursday gave themselves a last chance to prevent the United States from plunging off a "fiscal cliff" by setting up a late session in Congress a day before taxes are due to rise for most working Americans.

The so-called fiscal cliff, a $600 billion combination of higher taxes and spending cuts, threatens to push the world's largest economy into recession, and stamp out fragile signs of recovery elsewhere.

As well as being deadline day for the fiscal cliff, December 31 is the date the federal government is set to reach its $16.4 trillion debt limit. The Treasury will have to take measures to buy time for the government to approve a rise in the debt ceiling.

A similar political stalemate over raising the federal debt limit in the summer of 2011 raised fears over a U.S. default, and prompted Standard & Poor's to strip the U.S. of its top-notch credit rating, causing a turmoil in financial markets.

U.S. crude futures rose 0.6 percent to $91.38 early on Friday after easing overnight on concerns that a failure to reach a budget compromise would hurt U.S. demand for oil.

Asian bond issuance jumped to $133.8 billion so far this year, eclipsing the previous year's tally of $76.34 billion, as retail investors stepped up purchases of the region's corporate bond. Those bonds have returned nearly 20 percent this year, outshining Asian equities.

USEFUL LINKS:

Asset returns in 2012: http://link.reuters.com/nyw85s

Asian 2012 bond issuance: http://r.reuters.com/xyz93t

JAPAN REMAINS IN FOCUS

Under the leadership of Prime Minister Shinzo Abe who took office earlier in the week, Japan is speeding up efforts to turn around its economy, battered for decades by its strong currency and deep-rooted deflation.

A survey on Friday showed Japanese manufacturing activity contracted in December at its fastest pace in more than three years.

Other data were also grim, with core consumer prices falling in November and industrial output plunging 1.7 percent in November from October.

Abe's repeated calls for "unlimited" monetary easing and policies aimed at reducing the yen's strength have bolstered expectations of a sustained period of yen weakness. This has lifted the mood in Japanese stocks as a weaker yen improves earnings prospects for the country's exporters.

The benchmark Nikkei average opened up 0.8 percent after closing at its highest since March 2011 on Thursday. It is on track to log its best yearly gain since 2005.

The dollar climbed to its highest since August 2010 of 86.64 yen on Friday. The yen is on track for a drop of 12 percent this year, its steepest since 2005. The yen also fell to a 17-month low against the euro at 114.66 yen on EBS on Thursday.

The Australian dollar hit a 20-month peak against the yen of around 89.83 yen, according to Reuters data.

The Japanese government will compile spending requests for a stimulus package on January 7 and finalise the proposal shortly thereafter as Abe tries to quickly enact his agenda of increased public works spending to boost the economy.

(Additional reporting by Umesh Desai in Hong Kong and Hyunjoo Jin in Seoul; Editing by Daniel Magnowski)



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Beijing to enact strict new food safety laws - Xinhua

SHANGHAI (Reuters) - Beijing will introduce tough new laws to punish firms that flout food safety laws, the official Xinhua news agency reported, a significant move in China's struggle to get its abysmal food safety record under control.

The announcement follows a similar declaration by the city of Shanghai on Wednesday saying it would blacklist firms that flout food safety laws.

Under the new Beijing regulations, to take effect in April, firms caught producing or selling unsafe foods will be banned from operating in Beijing for life, according to a municipal food safety regulation passed on Thursday, the report said.

Employees found responsible for food safety problems and the executives of companies that commit food safety problems will not be allowed to work in the industry for five years after their firms' licenses are revoked, the report said.

China's food safety problems have proven difficult to eradicate even after repeated government campaigns to enforce standing laws and change attitudes at Chinese companies.

Frequent media reports refer to cooking oil being recycled from drains, carcinogens in milk, and fake eggs. In 2008, milk laced with the industrial chemical melamine killed at least six children and sickened nearly 300,000.

On Monday, Shanghai's food safety authority said the level of antibiotics and steroids in Yum Brands Inc's KFC chicken was within official limits, but found a suspicious level of an antiviral drug in one of the eight samples tested.

Yum faced criticism last week from China's state-owned broadcaster, which said Yum's KFC chickens in China contained an excessive level of antibiotics.

(Reporting by Pete Sweeney; Editing by Chris Gallagher)



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Gold edges down, U.S. fiscal talks in focus

Written By Unknown on Kamis, 27 Desember 2012 | 08.10

SINGAPORE (Reuters) - Gold inched down on Thursday, giving up overnight gains in thin post-Christmas trade, with investors keeping a close eye on talks between the White House and Congress to prevent the U.S. economy from plunging into recession next year.

FUNDAMENTALS

* Spot gold had dropped $2.83 an ounce to $1,656.66 by 0025 GMT, but still off a 4-month low struck last week.

* U.S. gold for February slipped $3.10 an ounce to $1,657.60.

* In a sign that there may be a way through deadlock in Congress, Republican House of Representatives Speaker John Boehner urged the Democrat-controlled Senate to act to pull back from the so-called fiscal cliff and offered to at least consider any bill the upper chamber produced.

MARKET NEWS

* Asian shares were capped on Thursday on investor edginess about the chances of U.S. lawmakers striking a deal to avoid a fiscal crunch by December 31, while the yen stayed under pressure on the prospect of drastic monetary easing and massive fiscal spending.

* U.S. crude futures remained close to $91 a barrel on Thursday.

(Reporting by Lewa Pardomuan; Editing by Joseph Radford)



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Amazon's Christmas faux pas shows risks in the cloud

By Jim Finkle

(Reuters) - A Christmas Eve glitch traced to Amazon.com Inc that shuttered Netflix for users from Canada to South America highlights the risks that companies take when they move their datacenter operations to the cloud.

While the high-profile failure - at least the third this year - may cause some Amazon Web Services customers to consider alternatives, it is unlikely to severely hurt a fast-growing business for the cloud-computing pioneer that got into the sector in 2006 and has historically experienced few outages.

"The benefits still outweigh the risks," said Global Equities Research analyst Trip Chowdhry.

"When it comes to the cloud, Amazon has got it right."

The latest service failure comes at a critical time for Amazon, which is betting that AWS can become a significant profit generator even if the economy continues to stagnate. Moreover, it is increasingly targeting larger corporate clients that have traditionally shied away from moving critical applications onto AWS.

AWS, which Amazon started more than six years ago, provides data storage, computing power and other technology services from remote locations that group thousands of servers across areas than can span whole football fields. Their early investment made it a pioneer in what is now known as cloud computing.

Executives said last month at an Amazon conference in Las Vegas they could envision the division, which lists Pinterest, Shazam and Spotify among its fast-growing clients, becoming its biggest business, outpacing even its online retail juggernaut.

Evercore analyst Ken Sena expects AWS revenue to jump 45 percent a year, from about $2 billion this year to $20 billion in 2018.

The service has boomed because it is cheap, relatively easy to use, and can be shut off, scaled back or ramped up quickly depending on companies' needs. As the longest-running player in the game, Amazon now boasts the widest array of datacenter products and services, plus a broader stable of clients than rivals like Google Inc , Rackspace Inc and Salesforce.com Inc .

Outages such as the one that took down Netflix and other websites on the eve of one of the biggest U.S. holidays are part and parcel of the nascent business, analysts say. Moreover, outages have been a problem long before the age of cloud computing, with glitches within corporate datacenters and telecommunications hubs triggering myriad service disruptions.

COMING SOON: POST-MORTEM

Amazon's latest service failure comes months after two high-profile outages that hit Netflix and other popular websites such as photo-sharing service Instagram and Pinterest. Industry executives, however, say its downtimes tend to attract more attention because of its outsized market footprint.

Netflix - which CEO Reed Hastings said relies on AWS for 95 percent of its datacenter needs - would not comment on whether they were pondering alternatives. Analysts say the video streaming giant is unlikely to try a large-scale switch, partly because all cloud providers experience outages.

"Despite a steady stream of these service outages, the demand for cloud services offered by AWS, Google, etc. continues to escalate because these services are still reliable enough to satisfy customer expectations," said Jeff Kaplan, managing director of consultancy ThinkStrategies Inc.

"They offer cost-savings and elasticities that are too attractive for companies to ignore."

But "Netflix and other organizations which rely on AWS will have to reexamine how they configure their services and allocate their service requirements across multiple providers to mitigate over-dependency and risks."

AWS spokeswoman Rena Lunak said the outage was traced to a problem affecting customers at its oldest data center, run out of northern Virginia, which was linked also to the June failure.

The latest glitch involved a service known as Elastic Load Balancing, which automatically allocates incoming Web traffic across multiple servers in order to boost the performance of a website. She declined to provide further details about the outage, saying the company would be publishing a full post-mortem within days.

AWS has traditionally been used by start-up tech companies and smaller businesses that anticipate rapid growth in online traffic but are unwilling or unable to shell out on IT equipment and management upfront.

The company has more recently started winning more and more business from larger corporations. It has also set up a unit that caters to government agencies.

Regardless, Amazon's clientele would do well not to put all their eggs in one basket, analysts say.

"Service outages do occur, but they are not common enough to cause users of these services to abandon today's Cloud service providers at significant rates. In fact, every major Cloud service provider has experienced outages," Kaplan said.

"Therefore, organizations that rely on these services are putting backup and recovery systems and protocols in place to mitigate the risks of future outages."

(Additional reporting; editing by Edwin Chan and Richard Chang)



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Yen falls as Japan forms new govt, supporting Nikkei

Written By Unknown on Rabu, 26 Desember 2012 | 08.10

By Chikako Mogi

TOKYO (Reuters) - Expectations that Japan's incoming prime minister will pursue drastic stimulus policies to drive the country's economy out of deflation helped weaken the yen and underpinned the Nikkei on Wednesday, while Asian shares were capped in thin holiday trade.

Singapore, Malaysia, Indonesia, the Philippines and South Korea were closed on Tuesday for the Christmas holiday, reopening on Wednesday.

Hong Kong and Australia remain closed on Wednesday.

MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent, after rising 0.3 percent the previous day on the back of a surge in Shanghai shares to five-month highs and a jump in Taiwan shares.

Shinzo Abe, who won a landslide victory in an election earlier this month, will be sworn in as premier on Wednesday, when he is also expected to appoint his cabinet. He is prescribing a mix of aggressive monetary policy easing and big fiscal spending to beat deflation and rein in the strong yen.

He has kept up pressure on the Bank of Japan to deliver much stronger monetary easing policies and called for a 2 percent inflation target to beat deep-rooted deflation, pushing the yen to a 20-month low of 85.08 yen on trading platform EBS early on Wednesday.

Minutes of the BOJ's policy-setting meeting in November showed on Wednesday that some board members said the central bank must act decisively, without ruling out any policy options, if the outlook for the economy and prices worsens further.

Japan's Nikkei stock average opened up 0.5 percent, after recapturing the key 10,000 mark it ceded on Friday and ending up 1.4 percent.

"The market is overbought, so the Nikkei may not rise sharply, but 'Abe trades' may invite some buying," said Hiroichi Nishi, general manager at SMBC Nikko Securities, adding that if the dollar trades above 85 yen, investors are likely to chase the Nikkei higher to near 10,200.

Aside from the Japanese factor, the dollar was also expected to stay firm this week as investors repatriate dollars, and as the U.S. fiscal impasse is likely to continue to sap investor appetite for risky assets and raise the dollar's safe-haven appeal.

U.S. lawmakers and President Barack Obama were on Christmas holiday and talks were unlikely to resume until later in the week.

House of Representatives Speaker John Boehner failed to gain support for a tax plan at the end of last week, raising fears that the United States may face the "fiscal cliff" of some $600 billion in automatic spending cuts and tax increases set to start on January 1.

"With the exception of the U.S. fiscal talks, there is no particular issue that could dampen investor appetite to any great degree," said Lee Kyung-min, an analyst at Woori Investment & Securities.

Asset performance in 2012: http://link.reuters.com/muc46s

Activity is likely to remain subdued, with volume low and without major economic news.

Later in the session, Thailand will release trade data, which is expected to show exports in November posting very high annual growth as a result of low levels last year reflecting the damage from the flooding.

South Korea's key consumer sentiment index held steady in December from November and stood below the neutral point for a fifth consecutive month, the central bank said on Wednesday, diminishing hopes of a quick economic rebound.

(Additional reporting by Ayai Tomisawa in Tokyo and Joyce Lee in Seoul; Editing by Daniel Magnowski)



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Japan's Abe set for second term, to tap allies for cabinet

By Linda Sieg

TOKYO (Reuters) - Shinzo Abe will be voted in as prime minister by parliament's lower house on Wednesday, giving the hawkish lawmaker a second chance at Japan's top job as the country battles deflation and confronts a rising China.

Abe, 58, whose party surged back to power in this month's election, has promised a two-pronged policy of aggressive monetary easing by the Bank of Japan and big fiscal spending by the debt-laden government to slay deflation and rein in the strong yen that makes Japanese exports more costly.

The grandson of a former prime minister, Abe has staged a stunning comeback five years after abruptly resigning as premier in the wake of a one-year term troubled by scandals in his cabinet, public outrage over lost pension records and a devastating defeat for his Liberal Democratic Party (LDP) in a 2007 upper house poll.

Abe looks set to pick a slate of close allies leavened by some LDP rivals to fend off the criticism of cronyism that dogged his first administration. Parliament meets from 1 p.m. (0400 GMT).

Japanese media have said Abe will name former prime minister Taro Aso, 72, as finance minister, ex-trade and industry minister Akira Amari as minister in charge of a new economic revival headquarters and policy veteran Toshimitsu Motegi as trade minister. Motegi will also be tasked with formulating energy policy in the aftermath of the Fukushima nuclear disaster last year.

Loyal Abe backer Yoshihide Suga is expected to become chief cabinet secretary, a key post combining the job of top government spokesman with responsibility for coordinating among ministries.

Others who share Abe's agenda to revise the pacifist constitution and rewrite Japan's wartime history with a less apologetic tone have also been floated for posts.

"These are really LDP right-wingers and close friends of Abe," said Sophia University professor Koichi Nakano. "It really doesn't look very fresh at all."

CHINA TIES, JULY ELECTION

Abe promised during the election campaign to take a tough stance in territorial rows with China and South Korea over separate chains of tiny islands, while placing priority on strengthening Japan's alliance with the United States.

Japanese media said Abe would appoint two low-profile officials to the foreign and defence portfolios.

Itsunori Onodera, 52, who was senior vice foreign minister in Abe's first cabinet, will become defence minister while Fumio Kishida, 55, a former state minister for issues related to Okinawa island - host to the bulk of U.S. forces in Japan - will be appointed to the top diplomatic post, the reports said.

Abe, who hails from a wealthy political family, made his first overseas visit to China to repair chilly ties when he took office in 2006, but has said his first trip this time will be to the United States.

He may, however, put contentious issues that could upset key trade partner China and fellow-U.S. ally South Korea on the backburner to concentrate on boosting the economy, now in its fourth recession since 2000, ahead of an election for parliament's upper house in July.

The LDP and its small ally, the New Komeito party, won a two-thirds majority in the 480-seat lower house in the December 16 election. That allows the lower house to enact bills rejected by the upper house, where the LDP-led block lacks a majority.

But the process is cumbersome, so the LDP is keen to win a majority in the upper house to end the parliamentary deadlock that has plagued successive governments since 2007.

"It's the economy, the economy, the economy," an LDP source close to Abe told Reuters. The new government plans to submit an extra budget for the fiscal year to March 31 in late January.

Financial markets expect a budget worth about 10 trillion yen, but the source said no more than half of that would be spent on public works projects, a traditional staple of LDP economic stimulus packages.

(Editing by Dean Yates)



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Actor Jack Klugman, famed for U.S. TV role on "The Odd Couple," dead at 90

Written By Unknown on Selasa, 25 Desember 2012 | 08.10

LOS ANGELES (Reuters) - Emmy-winning actor Jack Klugman, a versatile, raspy-voiced mainstay of U.S. television during the 1970s and early '80s through his starring roles in "The Odd Couple" and "Quincy, M.E.," died on Monday at the age of 90, his son said.

Klugman, whose pairing with Tony Randall on "The Odd Couple" created one of television's most memorable duos, died at his home in the Woodland Hills section of Los Angeles following a period of declining health, according to his son, Adam Klugman.

"He went very suddenly and peacefully ... he was there one minute and gone the next," the actor's son told Reuters.

(Reporting by Piya Sinha-Roy; Editing by Steve Gorman and Sandra Maler)



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Catholic Church urges Irish to oppose abortion law

DUBLIN (Reuters) - The head of Ireland's Catholic Church urged followers in his Christmas Day message to lobby against government plans to legalise abortion.

Ireland, the only EU member state that currently outlaws the procedure, is preparing legislation that would allow limited access to abortion after the European Court of Human Rights criticised the current regime.

The death last month of an Indian woman who was denied an abortion of her dying foetus and later died of blood poisoning has intensified the debate around abortion, which remains a hugely divisive subject in the predominantly Catholic country.

"I hope that everyone who believes that the right to life is fundamental will make their voice heard in a reasonable, but forthright, way to their representatives," Cardinal Sean Brady said in a Christmas message on Tuesday.

"No government has the right to remove that right from an innocent person."

Irish Prime Minister Enda Kenny, a regular Mass goer, is bringing in legislation that would allow a woman to have an abortion if her life was at risk from pregnancy.

The country's Supreme Court ruled in 1992 that abortion was permitted when a woman's life was at risk but successive governments have avoided legislating for it because it is so divisive.

The death of Savita Halappanavar, who repeatedly asked for an abortion while she was miscarrying in an Irish hospital, highlighted the lack of clarity in Irish law that leaves doctors in a legally risky position.

Halappanavar's death re-ignited the abortion debate and prompted large protests by groups both in favour of and against abortion.

Kenny and his conservative Fine Gael party have been criticised for tackling the abortion issue and some party members have indicated that they may not be able to back the law.

Relations between the Irish government and the once dominant Catholic Church are at an all-time low in the wake of years of clerical sex abuse scandals.

Kenny told parliament last year that the Vatican's handling of the scandals had been dominated by "elitism and narcissism" and accused it of trying to cover up the abuse. The speech prompted the Vatican to recall its ambassador, or nuncio, to Ireland.

Brady, who has faced calls this year to resign over accusations he failed to warn parents their children were being sexually abused, said in his Christmas message that he wanted relations with government to improve.

"My hope is that the year ahead will see the relationship between faith and public life in our country move beyond the sometimes negative, exaggerated caricatures of the past."

(Reporting by Carmel Crimmins; Editing by Sandra Maler)



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Renuka Choudhury fails to pacify protesters at India Gate

Written By Unknown on Senin, 24 Desember 2012 | 08.10

New Delhi, Dec 23 (PTI) Congress leader Renuka Choudhury tonight went to India Gate to persuade protesters to leave the spot, but her efforts to convince them did not bear any result. This was the first time that a Congress leader came to India Gate to engage with protesters demanding justice for the Delhi gangrape victim. Choudhury tried to pacify the protesters for nearly an hour but the latter insisted on concrete action from the government to ensure safety of women. She told protesters to leave the spot for the day and come tomorrow. The Congress leader also asked them to form a committee to talk with the government on the issue. The protesters, however, did not relent. Earlier in the day, Choudhury was present at a meeting called by Congress chief Sonia Gandhi during which the party leaders met a group of protesters. PTI SOM SJY RAI


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9 Metro stations near India Gate to remain closed

New Delhi, Dec 23 (PTI) Nine Metro stations in Central Delhi will remain closed tomorrow in the wake of the protests that has continued near India Gate over the gangrape of a paramedic student, the DMRC said tonight. Pragati Maidan, Mandi House, Patel Chowk, Central Secretariat, Udyog Bhawan, Khan Market, Race Course, Rajiv Chowk and Barakhamba stations will remain closed tomorrow. The closing of stations came following a direction from Delhi Police. "The stations will remain closed till DMRC gets further orders from the Delhi Police. However, interchange will be allowed at Central Secretariat station," a DMRC official said. The decision was taken after protests over the gangrape of a young girl erupted in Raisina Hill, the seat of power. PTI ETB RAI


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RPF rescues Rajasthan woman from traffickers

Written By Unknown on Minggu, 23 Desember 2012 | 08.10

Jalgaon, Dec 22 (PTI) The Railway Protection Force (RPF) today arrested a man and his wife, who hailed from Rajasthan, for allegedly trying to force a woman, also from the same state, into flesh trade. Pappu Karnawat and his wife Leela, both residents of Bundi, allegedly tricked the woman (25) who hailed from Shamgarh (Rajasthan) into accompanying them for a tour around Maharashtra, an RPF officer posted at Bhusawal railway station said. However, the accused duo dumped the woman at Vaitagwadi, a notorious red light area on the city outskirts, he said. According to RPF sources, the woman managed to escape from the area and rushed to the railway station today morning and narrated her plight to RPF staff following which they laid a trap and nabbed Lata when she arrived on one of the platforms in search of the victim. They later apprehended her husband Pappu from the area. The RPF has handed over the accused to Bhusawal police who are investigating the case. PTI CORR NSK HU SNK


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Spurned lover attacks girl, stabs himself to death

Mumbai, Dec 22 (PTI) A 22-year-old spurned lover stabbed himself to death after badly injuring his college mate in suburban Bandra today. The 19-year-old victim and the accused Nikhil (22) were studying management at a college here and recently had a break-up. According to police, Nikhil accosted the girl and her three friends while they were on their way to the classroom this morning. During a heated argument between the two, Nikhil whipped out a knife from his bag and slashed her several times. Nikhil then stabbed himself around 4-5 times and also slashed his neck. "Both were rushed to Guru Nanak hospital where Nikhil died during admission. The girl is critical but out of danger," said Deputy Police Commissioner N Chavan. PTI VM ABC HU SRE


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Wall Street Week Ahead: A lump of coal for 'Fiscal Cliff-mas'

Written By Unknown on Sabtu, 22 Desember 2012 | 08.10

By Rodrigo Campos

NEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all.

A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this "fiscal cliff" will push the economy into recession.

Thursday's debacle in the U.S. House of Representatives, where Speaker John Boehner failed to secure passage of his own bill that was meant to pressure President Obama and Senate Democrats. This only added to worry that the protracted budget talks will stretch into 2013.

Still, the market remains resilient. Friday's decline on Wall Street, triggered by Boehner's fiasco, was not enough to prevent the S&P 500 from posting its best week in four.

"The markets have been sort of taking this in stride," said Sandy Lincoln, chief market strategist at BMO Asset Management U.S. in Chicago, which has about $38 billion in assets under management.

"The markets still basically believe that something will be done," he said.

If something happens next week, it will come in a short time frame. Markets will be open for a half-day on Christmas Eve, when Congress will not be in session, and will close on Tuesday for Christmas. Wall Street will resume regular stock trading on Wednesday, but volume is expected to be light throughout the rest of the week with scores of market participants away on a holiday break.

For the week, the three major U.S. stock indexes posted gains, with the Dow Jones industrial average <.DJI> up 0.4 percent, the S&P 500 <.SPX> up 1.2 percent and the Nasdaq Composite Index <.IXIC> up 1.7 percent.

IT COULD GET A LITTLE CRAZY

Equity volumes are expected to fall sharply next week. Last year, daily volume on each of the last five trading days dropped on average by about 49 percent, compared with the rest of 2011 - to just over 4 billion shares a day exchanging hands on the New York Stock Exchange, the Nasdaq and NYSE MKT in the final five sessions of the year from a 2011 daily average of 7.9 billion.

If the trend repeats, low volumes could generate a spike in volatility as traders keep track of any advance in the cliff talks in Washington.

"I'm guessing it's going to be a low volume week. There's not a whole lot other than the fiscal cliff that is going to continue to take the headlines," said Joe Bell, senior equity analyst at Schaeffer's Investment Research, in Cincinnati.

"A lot of people already have a foot out the door, and with the possibility of some market-moving news, you get the possibility of increased volatility."

Economic data would have to be way off the mark to move markets next week. But if the recent trend of better-than-expected economic data holds, stocks will have strong fundamental support that could prevent selling from getting overextended even as the fiscal cliff negotiations grind along.

Small and mid-cap stocks have outperformed their larger peers in the last couple of months, indicating a shift in investor sentiment toward the U.S. economy. The S&P MidCap 400 Index <.MID> overcame a technical level by confirming its close above 1,000 for a second week.

"We view the outperformance of the mid-caps and the break of that level as a strong sign for the overall market," Schaeffer's Bell said.

"Whenever you have flight to risk, it shows investors are beginning to have more of a risk appetite."

Evidence of that shift could be a spike in shares in the defense sector, expected to take a hit as defense spending is a key component of the budget talks.

The PHLX defense sector index <.DFX> hit a historic high on Thursday, and far outperformed the market on Friday with a dip of just 0.26 percent, while the three major U.S. stock indexes finished the day down about 1 percent.

Following a half-day on Wall Street on Monday ahead of the Christmas holiday, Wednesday will bring the S&P/Case-Shiller Home Price Index. It is expected to show a ninth-straight month of gains.

U.S. jobless claims on Thursday are seen roughly in line with the previous week's level, with the forecast at 360,000 new filings for unemployment insurance, compared with the previous week's 361,000.

(Wall St Week Ahead runs every Friday. Questions or comments on this column can be emailed to: rodrigo.campos(at)thomsonreuters.com)

(Reporting by Rodrigo Campos; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)



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Sexual assault reports jump 23 percent at US military academies

By David Alexander

WASHINGTON (Reuters) - Sexual assaults reported by students at the three U.S. military academies jumped 23 percent in 2012, underscoring what Defense Secretary Leon Panetta said was a "persistent" problem that required a "strong and immediate response" from the services.

Eighty cases of sexual assault were reported by cadets and midshipmen during the 2011-2012 academic year, compared to 65 the previous year, the Pentagon said on Friday in its annual report on sexual harassment and violence at the academies. The victims were primarily women, although four were men.

It was the third straight year of increases, from a low of 25 in 2009. Prior to that, reported sexual assault cases had fallen regularly from 42 in 2006, when the Pentagon first began tracking the issue at the direction of Congress, the report said.

"Despite our considerable and ongoing efforts, this year's annual report ... demonstrates that we have a persistent problem," Panetta said in a memorandum to the secretaries of the Navy, Army and Air Force.

He said the lack of progress at the Naval Academy in Annapolis, Maryland, the Air Force Academy in Colorado Springs, Colorado, and the United States Military Academy at West Point, New York, merited "a strong and immediate response."

Panetta and he asked the services to identify "new ways to advance a climate of dignity and respect" at the academies and report back to him by the end of March.

The findings drew expressions of concern from lawmakers and special interest groups that track the issue. Representative Niki Tsongas said that while the rise could partly be attributed to improved conditions that encourage people to report assaults, they also showed the issue remains a problem.

"Sexual assault remains a persistent and untenable crime throughout the armed forces," she said in a statement. "These numbers are an affront to the educational institutions that are developing our military's future leaders."

Nancy Parrish, president of Protect Our Defenders, said the report "shines a light on the severity and scope of the crisis" of sexual assault in the military.

"There is a culture of high tolerance for rape and sexual predators in the ranks that pervades the military," she said. "Clearly all the reforms that have been announced over many years aren't making a difference."

The academies are implementing programs to try to reduce sexual assaults. At the same time, they are attempting to create an environment that encourages reporting, whether on a confidential basis that enables victims to get care and counseling or an unrestricted basis that also permits full criminal investigation.

Of the 80 cases reported in 2012, 42 were unrestricted, allowing authorities to pursue a criminal investigation with the assistance of the victim. Thirty-eight cases remained confidential and were not investigated, officials said.

The academies investigated 40 sexual assault cases in 2012, 23 from 2012 and 17 from the previous year. Of that number, 11 were prosecuted and punished, including eight suspects who were court martialed. The others were not prosecuted, either because the military lacked jurisdiction or evidence, officials said.

The Pentagon surveys students every two years to assess gender relations at the schools and to get a better idea about the number of sexual assaults that go unreported.

The survey conducted as part of this year's report found that 12.4 percent of women and 2 percent of men had reported unwanted sexual contact during the previous 12 months - statistically unchanged from the prior survey.

Fifty-one percent of women reported experiencing sexual harassment during the previous year, down from 56 percent in the 2010 survey. Ten percent of men reported experiencing sexual harassment, statistically unchanged from the earlier survey.

Unwanted sexual contact ranged from rape or sexual assault, to attempted attacks, forcible sodomy and other types of sexual contact, officials said. Major General Gary Patton, director of the Sexual Assault Prevention and Response Office, said there was an important correlation between sexual assault and sexual harassment.

"Eliminating sexual harassment is critical to preventing sexual assault," he said, adding that those who experience sexual assault in the past year had also been sexually harassed.

"The solution to this problem is ... creating a nonpermissive environment where sexual harassment, sexist behavior, stalking and these types of behaviors are not condoned," Patton said. (Reporting By David Alexander; Editing by Will Dunham and Sandra Maler)



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Hundreds pay tribute to legendary sitarist Ravi Shankar

Written By Unknown on Jumat, 21 Desember 2012 | 08.10

By Roselle Chen

ENCINITAS, California (Reuters) - Ravi Shankar's daughters, Norah Jones and Anoushka Shankar, along with the wife of late Beatle George Harrison said their final goodbyes to the sitar virtuoso on Thursday at a public memorial service in Encinitas, California.

The legendary musician and composer, who helped introduce the sitar to the Western world through his collaboration with The Beatles, died on December 11 in Southern California. He was 92.

About 700 people joined Shankar's wife, Sukanya, and family at the service held at a spiritual center in the coastal town about 25 miles (40 km) north of San Diego.

Olivia Harrison, the widow of Beatles guitarist George Harrison, told Reuters the three-time Grammy winner who formed a musical and spiritual bond with The Beatle "expressed music at its deepest level."

"As a person he was just sweet and seemed to know everything," she added. "He was a true citizen of the world."

Shankar is credited with popularizing Indian music through his work with violinist Yehudi Menuhin and The Beatles beginning in the mid-1960s, inspiring George Harrison to learn the sitar and the British band to record songs like "Norwegian Wood" (1965) and "Within You, Without You" (1967).

"He completely transformed (George's) musical sensibilities," a tearful Harrison told the crowd. "They exchanged ideas and melodies until their hearts and minds were intertwined like a double helix."

'LITTLE CRUMB'

His friendship with Harrison led him to appearances at the Monterey and Woodstock pop festivals in the late 1960s and the 1972 Concert for Bangladesh. He became one of the first Indian musicians to become a household name in the West.

His influence in classical music, including on composer Philip Glass, was just as large. His work with Menuhin on their "West Meets East" albums in the 1960s and 1970s earned them a Grammy, and he wrote concertos for sitar and orchestra for both the London Symphony Orchestra and the New York Philharmonic.

"I always felt like a little crumb in his presence," Zubin Mehta, a former music director of the New York Philharmonic and collaborator with Shankar, said at the service.

Jazz pianist Herbie Hancock also attended the service along with "Anna Karenina" director Joe Wright, the husband of Shankar's daughter Anoushka.

Shankar, who had lived in Encinitas for the past 20 years, had suffered from upper respiratory and heart issues over the past year and underwent heart-valve replacement surgery last week at a hospital in San Diego.

The surgery was successful but he was unable to recover.

Shankar's final concert was on November 4 in Long Beach, California, with his Grammy-winning sitarist daughter Anoushka, who spoke giving thanks to those who came. Jones, the third Grammy-winner in the family, did not speak at the service. (Writing by Eric Kelsey; editing by Philip Barbara)



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Thailand now aiming for F1 race in 2015

REUTERS - Thailand expects to host a floodlit Formula One Grand Prix in Bangkok in 2015 after plans were pushed back a year, the governor of the national sports authority said on Friday.

"An F1 race is likely to take place here in early 2015 instead of in 2014 in our initial plan," Kanokphand Chulakasem told the Bangkok Post newspaper.

The 2014 season is due to see two new races, at Sochi in Russia and at a New Jersey street circuit, on a calendar which already has a record 20 rounds, but Thailand would be a novelty for the year after.

Bangkok's Rajamangala stadium recently hosted the annual Race of Champions event with Red Bull's triple world champion Sebastian Vettel teaming up with Michael Schumacher to win the team title for Germany.

The paper's website quoted Red Bull's Michael de Santiesteban, representative of the energy drink's Thai co-owner Chalerm Yoovidhya, as saying talks with Formula One supremo Bernie Ecclestone were going well.

"It is likely to be held in Bangkok. With Thailand on the calendar, a current race is likely to be removed," he said.

Chulakasem met Ecclestone at this year's Singapore Grand Prix in September and said then that there was an agreement in principle for a race in 2014.

Tourism and sports minister Chumpol Silpa-archa said at the same time that the government would bear 60 percent of the total cost and the rest would come from private companies.

Red Bull's British-based Formula One team have won both championships for the past three years and are expected to back the Thai race.

Southeast Asia already has two races, in Malaysia and the night-time Singapore Grand Prix. (Reporting by Alan Baldwin in London, editing by Peter Rutherford)



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Loved and loathed, Park takes South Korea's presidency

Written By Unknown on Kamis, 20 Desember 2012 | 08.10

By Jack Kim and David Chance

SEOUL (Reuters) - South Korea's first woman president, Park Geun-hye, will have her job cut out when she takes office in February with the economy slowing, her father's autocratic rule still an issue for many and North Korea as unpredictable as ever.

Park, 60, won Wednesday's hotly contested election comfortably. She replaces fellow conservative Lee Myung-bak after his mandatory single, five-year term ended.

The slightly built and elegant Park grew up in Seoul's presidential palace during the 18-year rule of her father, Park Chung-hee, who took power in a military coup in 1961.

Park is likely to face protests by South Korea's vocal left, angry over the rise to power of the daughter of a man they believe was a repressive "dictator".

"This will be a tremendous burden on her ability to govern," said political commentator Yu Chang-seon of Park's heritage.

"It effectively means that she could be in direct conflict with half of society ... The first six months will be key."

On the economy, which dominated the election campaign, Park has promised more social welfare but given few specifics.

Korea has achieved astonishing success in rising from the ashes of the 1950-53 Korean War to become the world's 14th largest economy, but rewards have been thinly spread.

Economic growth was 5.5 percent for decades, driven by some of the world's biggest companies, such as Samsung Electronics Co Ltd <005930.KS> and Hyundai Motor Co <005380.KS>. That pace has slowed and this year the economy will expand by about 2 percent.

The hundreds of thousands of graduates that South Korean universities churn out each year complain they have trouble finding decent jobs and income differentials have widened sharply. Park's party says it will not spend more money to boost the economy.

LEGACY

Park has at times invoked her father's legacy of rapid growth that propelled South Korea into the league of industrialised nations.

At other times, she has apologised for his suppression of protests and the execution of people suspected of sympathising with the North, which is still technically at war with the South after an armistice ended the Korean War.

Families of those who were executed under her father's rule believe Park has not apologised enough and that she has sought to sweep her past under the carpet. Park was her father's "First Lady" following the assassination in 1974 of her mother up until the former ruler's own shooting in 1979.

The most notorious executions under Park's rule were of eight men aged 30 to 52 who were dubbed the "People's Revolutionary Party". They were hanged 24 hours after being sentenced for treason, leaving scant time for review.

The eight represented a broad section of South Korean society, comprising a bee keeper, a brewery owner, an acupuncurist and teachers. They were exonerated posthumously by the Supreme Court in 2007.

"What she needs to be doing is to reach out to everyone, to those who oppose her, to show her interest and offer her sympathy and to say that she feels sorry for what happened," said Reverend Park Jung-il, who was the chief army chaplain in April 1975 and witnessed the dawn executions of the eight men.

As well as confronting a domestic legacy that is still painful for many South Koreans, Park will have to deal with Kim Jong-un, the 29-year-old ruler of North Korea whose grandfather ordered several assassination attempts on her father.

SEEKING A THAW

In 2002, during a thaw in relations, Park met Kim Jong-il, the father of the latest Kim to rule the isolated state that in 2010 sank a South Korean naval vessel and shelled a South Korean island.

When she met him, Park declared the man who later propelled North Korea to become what it calls a "nuclear weapons power" to be someone "who would keep his word".

Park has said she will seek to improve ties with Pyongyang.

Incumbent conservative President Lee infuriated the North by cutting off aid to a country where a third of the population is said by the United Nations to be malnourished.

At the same time, Park has declared she will not tolerate the North's nuclear weapons programme.

On the face of it, North Korea is in no mood for compromise. It has declared it will not ditch its nuclear weapons capacity, which it recently termed "treasured".

It pushed ahead with a rocket launch that is banned under U.N. resolutions imposed in the wake of its 2006 and 2009 nuclear tests as the South got ready to vote.

Park herself has become a target for Pyongyang's propaganda machine which has denounced Lee's five year rule as bringing "nightmare, despair, (and )catastrophe". (Editing by Dean Yates)



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Asian shares pause as U.S. budget talks stall

By Chikako Mogi

TOKYO (Reuters) - Asian shares paused on Thursday after rallying to their highest in nearly 17 months the day before, as talks to avert a U.S. fiscal crisis stalled - prompting worries of the world's largest economy sliding back into recession.

The yen remained under pressured as the Bank of Japan concludes its two-day policy meeting later in the session, with market participants expecting further easing steps to help support the fragile economy.

MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, with Australian shares easing 0.1 percent, off a 17-month high hit on Wednesday. Seoul shares opened 0.5 percent higher, after Wednesday's presidential election, with many traders expecting talk of fresh stimulus measures from the government.

World stocks trimmed gains on Wednesday after reaching a 17-month high as talks to avert the U.S. "fiscal cliff" of tax hikes and spending cuts set to begin early next year appeared to stall.

President Barack Obama accused Republicans of digging in their heels due to a personal grudge against him, while a top Republican called the president "irrational."

"If this discussion continues to go as it has gone today (Wednesday), watch for more selling off as hopelessness begins to take hold for many investors across all asset classes," said Neal Gilbert, market strategist at GFT Forex, in a note to clients.

"Ironically, the USD may be one of the biggest beneficiaries of a failure. Rampant buying of US treasuries and selling of risk assets like the equities market could create a very significant move, particularly since the rallies seen earlier have been attributed to the optimism of a deal," Gilbert said.

The Nikkei stock average opened down 0.7 percent after closing Wednesday up 2.4 percent and above the key 10,000 level for the first time since April, as expectations for more easing weakened the yen, which improves earnings prospects for Japanese exporters.

The Bank of Japan is expected to deliver its third dose of monetary stimulus in four months on Thursday in a prelude to more aggressive action next year, as it faces intensifying pressure from the country's next leader for stronger efforts to beat deflation.

On Thursday, the BOJ will also announce details of a new loan programme unveiled in October to supply banks with cheap long-term funds without limiting the amount of cash made available.

With markets already very bearish on the yen, traders warned a lack of bold action could see short positions squeezed.

"We may see the yen regain its footing over the next 24-hours of trading should Governor Masaaki Shirakawa take a greater stand in preserving the central bank's independence," said David Song, currency analyst at DailyFX.

The dollar was down 0.2 percent against the yen at 84.20 but near Wednesday's 20-month high of 84.62. The euro fell 0.3 percent against the yen at 111.35 yen, retreating from a 16-month high of 112.59 yen reached on Wednesday.

The euro was down 0.1 percent to $1.3213, slipping from a 8-1/2-month high of $1.33085 hit on Wednesday after the Ifo survey showed German businesses sentiment rose in December as confidence in the outlook rose at its fastest rate in 2-1/2 years, boosting hopes Europe's largest economy will bounce back quickly after a weak end to 2012.

Reflecting nervousness caused by the uncertainty over the U.S. fiscal cliff, data from the Investment Company Institute, a U.S. mutual fund trade organisation, on Wednesday showed investors in U.S.-based mutual funds pulled $8.48 billion from equity funds for the week ended December 12.

U.S. crude fell 0.3 percent to $89.68 a barrel.

The lacklustre equities market also slowed trading in Asian credit markets, keeping the spreads on the iTraxx Asia ex-Japan investment-grade index barely moved from Wednesday.

(Additional reporting by Ian Chua in Sydney; Editing by Eric Meijer)



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Venezuela's Chavez stable after respiratory infection

Written By Unknown on Rabu, 19 Desember 2012 | 08.10

CARACAS (Reuters) - Venezuela's President Hugo Chavez is in a "stable" condition in Cuba after being treated for a respiratory infection following his cancer surgery last week, the government said.

Chavez, 58, is battling to recover from his fourth operation since he was first diagnosed with cancer in mid-2011. (Reporting by Andrew Cawthorne; Editing by Eric Walsh)



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Gold bounces on U.S. dollar but near four-month low

SINGAPORE (Reuters) - Gold regained strength on Wednesday as the U.S. dollar weakened against the euro, but the metal was still within sight of its weakest in nearly four months after signs of progress in the U.S. fiscal talks dented its safe haven appeal.

FUNDAMENTALS

* Gold added $5.85 an ounce to $1,675.39 by 0032 GMT after falling to $1,661.01 on Tuesday, its lowest since August on technical selling and growing hopes U.S. legislators are closer to reaching a deal that would avert a fiscal crisis next month.

* U.S. gold futures for February rose $6.20 an ounce to $1,676.90.

* U.S. House of Representatives Majority Leader Eric Cantor said he expects a vote on a Republican offer to avert the "fiscal cliff" on Thursday, and he expects to have enough votes to pass the measure.

MARKET NEWS

* The euro hovered at multi-month highs against the dollar and yen on Wednesday, having extended recent gains as tentative signs of progress in the U.S. fiscal talks bolstered demand for riskier assets. A weaker dollar makes dollar-priced gold cheaper for holders of other currencies.

* Japan's Nikkei share average is set to test eight-month highs above 10,000 on Wednesday as investor appetite is boosted by signs of progress in the U.S. fiscal talks and expectations of aggressive monetary easing under the new Japanese government.

(Reporting by Lewa Pardomuan; Editing by Ed Davies)



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Afghans turn to AK-47, fearing Taliban return or civil war

Written By Unknown on Selasa, 18 Desember 2012 | 08.10

By Martin Petty

KABUL (Reuters) - Afghan father-of-four Mohammad Nasir has a secret he's been keeping from his family.

The aid worker pulls a television bench out from the living-room wall of his Kabul home. Behind it is a carved out shelf, hiding what he hopes will keep loved ones safe when Western troops withdraw by the end of 2014 -- an AK-47 assault rifle.

Arms purchases are soaring in Afghanistan, along with the price of weapons, a sign that many Afghans fear a return of the Taliban, civil war or rising lawlessness.

An assault rifle cost $400 a year ago. Today, some arms dealers are selling them for triple the price.

And it's not just ordinary Afghans who are buying. Warlords who control militias, and former anti-Soviet mujahideen fighters are also boosting the trade.

"Whenever you turn on the TV or radio, the discussion is 2014. I'm not feeling safe now, it's become like doomsday for Afghans," said Nasir, 48, storing the polished second-hand rifle and slamming the TV unit back against the wall.

"People are saying security will collapse, or soldiers will join warlords or the Taliban, so we need something to protect our families when there's a crisis."

The brisk arms business is complicating the government's efforts to pacify a country where the Taliban can strike virtually anywhere, ethnic tensions can easily ignite violence, and warlords are constantly jockeying for influence.

Afghanistan wants to project an image of stability ahead of 2014, a critical year when presidential elections will be held and the 350,000 Afghan security force will take over security.

Any upheaval could also encourage regional powers like Iran and Pakistan to try and gain influence before the Afghan endgame, a widespread fear among officials and ordinary Afghans.

President Hamid Karzai calls the talk of chaos, Western media "propaganda", and says Afghan security forces have made great progress.

But for many Afghans, the threat of a descent into chaos is real so a growing number are investing in weapons, despite exorbitant costs. The average Afghan family earns only about $200 a month.

FEAR OF 2014 BATTLEFIELDS

Reuters spoke to buyers and sellers of illegal arms in five provinces and each cited the foreign troop withdrawal as the main driver of the underground trade.

"More people are buying weapons now, some to protect themselves from kidnappers and robbers and others in anticipation of things getting worse," said a Kabul resident in his fruit shop, where a verse from the Koran on the wall calls for God to guide Muslims on a straight path.

He bought a handgun illegally for $500, a model his dealer says now fetches $1,000.

"If the situation changes in 2014 this area will once again become a battlefield between former warlords who are still powerful," he said.

The government has highlighted 2014 as a year to invest in Afghanistan, which has relied on foreign aid for its economic lifeline, and take advantage of its cheap labour and land leases. Last month it held a televised conference promoting the country's natural resources and its industrial potential.

In the 10 years following 2014, the government hopes revenues from oil, natural gas, iron, copper and other mining ventures will generate $4 billion in annual revenue.

But in the north, which is home to untapped oil and gas resources, warlords and their supporters are now re-arming for fear militants may seize power again, say residents.

Afghanistan's largest foreign investment project, the Aynak copper deposit in Logar province, lies in one of the country's most dangerous regions just south of the capital, Kabul.

Rocket attacks this year saw its Chinese workers temporarily flee the project, which is run by China Metallurgical Group (MCC) and Jiangxi Copper <600362.SS>.

AK-47: A LEGACY OF WAR

Afghanistan has seen little peace in three decades. The American-backed mujahideen drove out the Russians in 1989 after 10 years of occupation, but American interest faded quickly.

Much of Kabul was later destroyed in a civil war and more than 50,000 civilians killed. The Taliban rose from the ashes of that conflict and imposed their austere brand of Islam.

Afghans fear they will be abandoned by the United States once again. Most don't want the Taliban to return, so they are determined to protect themselves.

And there are plenty of weapons; arms left over from the war against the Soviets, guns smuggled over the porous border with Pakistan and those sold by former mujahideen commanders.

Russian or Pakistani-made AK-47 assault rifles are the biggest sellers, followed by light machineguns. In some areas, the militias go for rocket-propelled grenades.

To avoid arrest, arms dealers and sellers operate by word of mouth, avoiding cellphones which may be tapped by authorities. Deals are sealed in restaurants, homes or busy street markets.

Afghan authorities say they've had success in seizures of illegal firearms but concede that in a country with a turbulent history, their efforts may have little impact.

The government was deeply embarrassed when Energy and Water Minister Ismail Khan, an influential former warlord, recently called on militias to rearm to protect Afghanistan after 2014.

General Mohammed Najib Aman, a deputy of the anti-terrorism department at the Interior Ministry, denies the illegal gun trade is flourishing.

"Buying and selling of weapon, without being authorized, is...illegal and they will be arrested," Aman told Reuters.

The government is encouraging people to seek licenses for weapons so the authorities can track guns. Aman estimates between 30,000 and 40,000 gun licenses have been issued.

But the positive message from the government and NATO-led force runs counter to the unease on the streets, where the Afghan security force has gained little public confidence.

"In my area there are lots of kidnappings, robbery and other criminal activities and also lots of fear of 2014," said Shir Ali, speaking in his pharmacy in northern Kunduz Province. "I bought this very expensive Kalashnikov to protest my family."

'GUN CULTURE' ENTRENCHED

At least 57 foreign troops have been killed by rogue Afghan security personnel this year. That figure represents about 13 percent of ISAF deaths in Afghanistan in 2012.

Lieutenant General James Terry, deputy commander of U.S. forces in Afghanistan, said the country's "gun culture" was partly to blame.

"This is a society that's really been traumatized by 30-plus years of war," Terry said. "We also understand that a lot of grievances and dispute resolutions are done, frankly, at the barrel of a gun."

Former mujahideen commanders in particular are cashing-in on the insecurity, using their wartime connections to acquire handguns and rifles and sell at inflated prices.

Islamuddin laid down his weapons after the Taliban was ousted in 2001, and became a used car salesman. These days that's a front for his real money-making business.

He now sells light machine guns for 150,000 Afghanis, double the value a year ago, and AK-47s for 60,000 Afghanis, triple that of last year.

"People are worried, so they're buying guns now because they might not be able to buy one when they most need it," he said sitting in a hotel restaurant.

Militias also look to be heeding Ismail Khan's call to arms.

"The number of sales and the price of guns has gone up and former mujahideen commanders who served warlords are buying more and more from us every day," said one seller. "They're anticipating civil war once the foreign troops leave."

Not all Afghans expect a war. Waheed Mujhda, a politics expert at the Afghan Analytical and Advisory Centre, said even warlords realised renewed civil conflict would not help anyone.

"Having so many people owning guns is a big problem for the government, but it's not a political problem," he said. "There may be small conflicts after 2014, but civil war is unlikely. The last time, it was a failure that no one wants to see again."

But a growing number of people are not taking any chances.

"I'm sure if something goes wrong in 2014, I'll face lots of problems," said Nasir. "If the Taliban return to power they'll kill me because I work with the government. If warlords come to power it's bad news for everyone." (Additional reporting by Folad Hamdard in KUNDUZ and David Alexander in WASHINGTON; Editing by Michael Georgy and Michael Perry)



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Connecticut governor says he told parents their children killed

REUTERS - Connecticut Governor Dannel Malloy broke down into tears on Monday as he recalled how, hours after a shooting rampage at a Connecticut elementary school, he took it upon himself to tell parents and other relatives that their children had been killed.

Malloy said he met with a roomful of family members near Sandy Hook Elementary School in Newtown, following the massacre of 20 children and six adults there on Friday and found that many were still waiting for official word on the fate of their loved ones.

"It was evident to me that there was a reluctance to tell parents and loved ones that the person they were waiting for was not going to return," Malloy said in an emotional press conference.

"That had gone on for a period of time well after there was an expectancy that families would be reunited," he added.

Malloy paused several times during his remarks as he choked up and wiped away tears.

"So I made a decision that rather than relying on traditional investigative policies - that you actually have a child or an adult identified as the particular victim before you inform someone or at least give them the information by which they can formulate for themselves that their loved one was not going to return - I made the decision that to have that go on any longer was wrong. I did it," he said.

Malloy spoke to reporters as the funerals of two 6-year-old boys on Monday ushered in a week of memorial services and burials for victims of the mass shooting.

Police said 20-year-old Adam Lanza killed his mother, Nancy, at her home on Friday before shooting his way into the school and opening fire on students and teachers. He shot himself to death in the school following the rampage, authorities say.

He had attended Sandy Hook as a child, according to former classmates. Authorities said on Monday he had no current connection with the school. (Writing by Dan Whitcomb; Editing by Cynthia Johnston and Andrew Hay)



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Shaken US town turns to prayers, churches to fight grief

Written By Unknown on Senin, 17 Desember 2012 | 08.10

New York, Dec 16 (PTI) Grief-stricken residents of a US town shaken by the horror of a brutal school shooting sought refuge in the divine today, flocking to churches in hundreds in the face of tragedy as debate shifted strongly towards gun control laws. The people of Newtown were still struggling to come to terms with the Friday incident in which 27 people, most of them kids as young as five or seven years old, were shot dead by a young man who started his killing spree at home with his mother. The Sunday morning prayer services saw a overwhelming rush as the city awaited President Barack Obama, who is set to join its people in their time of grief. Obama is expected to arrive in Newtown to meet the families of victims and to join in the mourning at an evening vigil. The President who called for "meaningful action" to be taken to prevent such tragedies, which he said America has been witnessing far too often, is already being asked to initiate decisive action. New York Mayor Michael Bloomberg lamented lack of action by Obama on stricter gun regulations despite having spoken on this issue several times in the past. "The president should console the country, but he's the commander in chief as well as the consoler in chief, and he calls for action, but he called for action two years ago," Bloomberg said on on NBC. "It's time for the president to stand up, I think, and lead and tell this country what we should do," he said. The mayor of Connecticut's capital city joined in the chorus as he spoke of the need to curb what he called an "incredible appetite" among Americans for guns. Pedro Segarra said Connecticut citizens are "very supportive of demilitarising our community and getting these weapons off the streets." (MORE) PTI WAJ

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Mother, son injured in ceiling collapse

New Delhi, Dec 16 (PTI) A woman and her son were today injured after ceiling of an under-construction building collapsed in a northeast locality. 23-year-old Shahnaz and her son Faiz were on balcony of the fifth floor, which was being constructed "illegally", when its ceiling caved in, police said. They fell on ground floor and got trapped beneath the rubble, a senior police officer said. A case has been registered against contractor of the building, police said adding, he was absconding. PTI ETB SHS

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Govt asks SC collegium to reconsider names of 3 judges for

Written By Unknown on Minggu, 16 Desember 2012 | 08.10

Sat, Dec 15, 2012 at 23:36

Govt asks SC collegium to reconsider names of 3 judges for

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Govt asks SC collegium to reconsider names of 3 judges for

Govt asks SC collegium to reconsider names of 3 judges for

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Govt asks SC collegium to reconsider names of 3 judges for

Govt asks SC collegium to reconsider names of 3 judges for

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elevation New Delhi, Dec 15 (PTI) Government is learnt to have requested the Supreme Court collegium to reconsider the names of three senior judges it had recommended for elevation to the apex court. Sources said government had written to the collegium headed by the Chief Justice of India Altamas Kabir to once again consider its recommendation to elevate Chief Justices of three High Courts as judges of the Supreme Court. Under the present system, the if collegium sents back the names to the government again, then it is bound to consider them for elevation. PTI NAB SKU VMN

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Check misuse of social networking sites, Gehlot to police

Jaipur, Dec 15 (PTI) Rajasthan Chief Minister Ashok Gehlot today said that to check misuse of social networking websites, police should effectively use the concerned laws. Gehlot was speaking after reviewing a parade here during the 150th anniversary celebrations of Indian Police Service. He said he was in favour of freedom of speech on social media, but it should not be misused. "The police should use laws to tighten the noose around unsocial elements to stop them from uploading communal and seditious content on social sites," Gehlot said. On this occasion, he also announced to open a police training centre in Bharatpur district. The Police Act of 1861 is acknowledged to have marked the start of formal policing in India. PTI Corr SHS/AGL AGL

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Obama signs trade, human rights bill that angers Moscow

Written By Unknown on Sabtu, 15 Desember 2012 | 08.10

By Doug Palmer

WASHINGTON (Reuters) - President Barack Obama on Friday signed a bill that brings U.S. trade relations with Russia into the 21st century but also ushers in a testy era in which the United States could publicly "name and shame" Russian human rights violators.

The measure, which Congress passed by an overwhelming margin, allows Obama to establish "permanent normal trade relations" - or PNTR - with Russia by lifting a Cold War-era restriction on trade.

It also directs Obama to bar Russian human rights violators from entering the United States and freeze any assets they have in U.S. banks. The provision is named in honor of Sergei Magnitsky, a Russian anti-corruption lawyer many U.S. lawmakers believe was beaten to death in a Russian jail in 2009.

Russian President Vladimir Putin on Thursday called the congressional approval of the bill "a purely political and unfriendly act.

"I don't get why they would sacrifice U.S.-Russia relations in order to get some political dividends at home," Putin said.

Moscow kept up the fiery rhetoric on Friday in a Foreign Ministry statement after Obama's signing. It called the law "shortsighted and dangerous" and an "overt interference into our internal affairs."

The statement put most of the blame for the Magnitsky measure on U.S. lawmakers, but said it regretted Obama could not "overcome those ... who see our country not as a partner but as an enemy."

U.S.-Russia relations have already been strained over the conflict in Syria and the treatment of critics of the Kremlin since Putin returned to the presidency in May.

Russia last week banned imports of U.S. pork and beef containing ractopamine, a widely used feed additive the United States says meets international safety standards.

" Being a WTO member means Russia's import standards have to be based on sound science, but their plan to block U.S. beef and pork is anything but sound," Senate Finance Committee Chairman Max Baucus said, Referring to the World Trade Organization, which Russia joined in August.

He urged Moscow to reverse the move .

The Magnitsky law directs Obama to publish the names of Russians deemed to be human rights violators, but allows him to keep some names classified if he decides that it is in the U.S. national security interest.

The first list is due to Congress in 120 days and Obama must explain in advance any names he decides to keep secret.

RUSSIAN LAWMAKERS RECIPROCATE

The new law will be "of great benefit to both us and to the Russians," U.S. State Department spokesman Patrick Ventrell said.

"We continue to call on Russia to investigate, prosecute and punish those responsible for the crimes committed against Mr. Magnitsky," he said.

But Russia considers the Magnitsky provision an insult. On Friday the lower chamber of its parliament gave preliminary approval to a measure barring Americans who violate the rights of Russians from entering the country.

It targets Americans involved in "unfounded or unjust" sentences against Russians - a nod to Viktor Bout, a Russian arms trader serving a 25-year prison term in the United States after what Moscow says was a politically motivated prosecution and an unfair trial.

The Russian bill, expected to be signed by Putin before the end of the year, also targets Americans accused of abusing Russian-born adopted children and U.S. judges or authorities deemed to have been too lenient in such cases.

Pro-Kremlin lawmakers have proposed the bill be named after Dima Yakovlev, a Russian-born boy who died at the age of 18 months after his adoptive U.S. family left him locked in a vehicle in Virginia in 2008.

"It stretches the imagination to see an equal or reciprocal situation here," Ventrell said. "The issue of adoption is one that we've worked very hard with the Russians, it is something we've looked at carefully. But we just reject any attempt at trying to make a reciprocal comparison."

Business groups pushed Congress for months to approve PNTR, which was needed to ensure U.S. companies get all the market-opening benefits of Russia's entry into the WTO.

Without it, U.S. companies such as Caterpillar , Ford , JPMorgan Chase and others feared they would be at a disadvantage to competitors in other countries that already have full WTO relations with Russia.

It was also needed to allow the United States to use the WTO dispute-settlement system to challenge any Russian actions it says unfairly restrict U.S. imports, although the two sides still need to formally establish full WTO relations in Geneva first.

(Additional reporting by Andrew Quinn in Washington and Steve Gutterman and Alissa de Carbonnel in Moscow; Editing by Xavier Briand and Mohammad Zargham)



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Rain delays start of second day of Hobart test

HOBART (Reuters) - Early morning showers delayed the start of play on the second day of the first test between Australia and Sri Lanka at Bellerive Oval on Saturday.

Play, scheduled to start at 1030am local time (1130 GMT), will now get underway half an hour later at 11am barring any further downpours.

Australia will resume their first innings at 299 for four with captain Michael Clarke (70) and Mike Hussey (37) at the crease.

(Writing by Nick Mulvenney, editing by Greg Stutchbury)



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Adele's '21' is top-selling U.S. iTunes album of 2012

Written By Unknown on Jumat, 14 Desember 2012 | 08.10

LOS ANGELES (Reuters) - British singer Adele notched another accolade on Thursday as iTunes announced that her Grammy-winning album "21" was the top-selling record of 2012 in its U.S. store, extending the disc's successful run almost two years after it was released.

Adele, 24, who last year became the first artist to secure three iTunes milestones with top-selling album, single and artist of the year, came in ahead of country-pop star Taylor Swift's "Red" and British folk band Mumford & Sons' "Babel."

ITunes did not reveal its sales or download figures.

British boy band One Direction's debut album "Up All Night" and current Grammy nominees fun.'s debut "Some Nights" rounded out the five top-selling albums on iTunes in the United States.

"21," released in February 2011, has performed strongly in the U.S. music charts this year following the singer's Grammy-sweeping win in six categories in February 2012.

Adele also landed Screen Actors Guild and Golden Globe nominations for her sultry James Bond theme song "Skyfall" this week, becoming a strong contender in the best song category for Hollywood's awards season.

"Thank you so much for the honour of being included in something as brilliant as the Golden Globes! Never in a million years did I ever think I'd come close to such a thing! Truly wonderful ... thank you to the Bond family for giving me the opportunity," the singer said in a statement on Thursday.

ITunes U.S. compiled their Best of 2012 list by looking at the most downloaded items from the Apple iTunes store.

Canadian pop star Carly Rae Jepsen had the top-selling track for her infectious breakthrough summer single "Call Me Maybe."

Post-apocalyptic action film "The Hunger Games" was the best-selling movie while the second season of British aristocratic period drama "Downton Abbey," another Hollywood awards favorite, was iTunes' top-selling television series.

The iTunes Best of 2012 lists can be seen at www.itunes.com/AppStoreBestof2012

(Reporting by Piya Sinha-Roy, editing by Jill Serjeant and Mohammad Zargham)



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Rare 'Metropolis' poster fetches high price in U.S. auction

By Eric Kelsey

LOS ANGELES (Reuters) - A film memorabilia collector paid $1.2 million for nine rare and early film posters, including the world's highest-valued poster of the 1927 film "Metropolis," in a bankruptcy auction in Los Angeles on Thursday, the trustee in the bankruptcy case said.

Ralph DeLuca, who owns New Jersey-based film memorabilia company Movie Archives Inc, won the bidding against three others in the court auction, said trustee John J. Menchaca.

Bidding for the lot of posters started at $700,000. DeLuca beat out memorabilia powerhouse Heritage Auctions.

The "Metropolis" poster, the crown jewel of the collection, was purchased by California collector Kenneth Schachter for a record $690,000 in a 2005 private sale. But he was forced to sell the poster along with eight others after declaring bankruptcy.

"I honestly feel that the 'Metropolis' poster is worth more than the whole lot," DeLuca told Reuters after the auction. Other notable items in the lot included an original "King Kong" poster and an "Invisible Man" poster, both from 1933.

Directed by Austrian Fritz Lang, "Metropolis" was the most expensive silent film ever made at the time of its release. The German-produced film, with its special effects and futuristic plot, is considered a hallmark in early cinema.

The poster, one of only four known surviving copies, was illustrated by German Heinz Schulz-Neudamm, who depicted the film's dystopian future with towering, faceless skyscrapers and jagged script.

One copy is in the collection of the Museum of Modern Art in New York, which confers the poster's value as art, DeLuca said.

"It's 'The Scream,' the 'Guernica' of film posters," DeLuca said of the modernist masterpieces painted by Edvard Munch and Pablo Picasso, respectively. "It's literally the 'Mona Lisa.'"

DeLuca, however, has no plans to flip the poster in another sale.

"I think I'll keep the poster unless I get overwhelmed with a 'Guinness Book of Records' offer," he said. "I believe it will be the first to go past $1 million and even hit $2 million."

Schachter, a resident of Valencia about 30 miles northwest of Los Angeles, filed for bankruptcy last year after he was unable to repay loans he received to buy film memorabilia.

The sale will go to pay off Schachter's debts, which he listed at no more than $1 million when filing for bankruptcy.

(Reporting by Eric Kelsey, editing by Jill Serjeant, desking by G Crosse)



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Australia drop Johnson for Sri Lanka test

Written By Unknown on Kamis, 13 Desember 2012 | 08.10

By Nick Mulvenney

HOBART (Reuters) - Australia have resisted the temptation to go with four seamers for this week's first test against Sri Lanka on what is expected to be a lively wicket at the Bellerive Oval.

Spinner Nathan Lyon was retained in the side announced by skipper Michael Clarke, with Peter Siddle, Mitchell Starc and Ben Hilfenhaus making up the pace bowling unit for the match, which begins on Friday.

Left-armer Mitchell Johnson, who played his first test in a year in the 309-run defeat to South Africa in Perth last week, was the quick to miss out and named 12th man.

"Obviously a tough selection getting 12 down to 11, especially with the way that Mitchell bowled in Perth, but this is the team we've selected for this test match," captain Michael Clarke to a news conference.

"He is unlucky to miss out. It's a nice problem to have when you have 12 blokes ready to perform. Whoever we left out for this test match was going to be a talking point."

Tasmanian Hilfenhaus and Siddle were recalled after being rested for the third test against the Proteas, while left-armer Starc gets his reward for his performance in Perth, where he took 6-154.

Sri Lanka have never won a test in Australia but the hosts lost on their last visit to Hobart, falling victim to New Zealand on home soil for the first time in a quarter of a century last year.

The Australians face the tourists in two further tests, in Melbourne from December 26 and Sydney from January 3.

Team: Michael Clarke (captain), David Warner, Ed Cowan, Phil Hughes, Shane Watson, Mike Hussey, Matthew Wade, Peter Siddle, Mitchell Starc, Ben Hilfenhaus, Nathan Lyon.

(Editing by Ian Ransom)



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Asian shares inch higher after Fed's stimulus steps

By Chikako Mogi

TOKYO (Reuters) - Asian shares extended gains for a seventh day on Thursday, after the U.S. Federal Reserve took new stimulus steps to bolster the economy, putting the yen under pressure as expectations grow for more aggressive easing from the Japanese central bank next week.

But while the Fed's fresh dose of liquidity-pumping measures will underpin sentiment, investors remain concerned about the lack of breakthrough in U.S. budget talks to avert the "fiscal cliff," some $600 billion of tax hikes and spending cuts scheduled to start in January. A failure to reach a compromise could push the U.S. economy into recession.

U.S. stocks ended little changed on Wednesday, giving up most of the day's gains after Fed Chairman Ben Bernanke reiterated that monetary policy won't be enough to offset damage from the fiscal cliff.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent to a 16-month peak, having hit successive 16-month highs since December 5.

Australian shares nudged up 0.1 percent, rising for five days in a row, while South Korean shares also edged up 0.1 percent.

"The Fed's easing measures met the market's expectations, while the setting of clear inflation and unemployment targets exceeded hopes and will clear uncertainty on the monetary front," said Kim Yong-goo, an analyst at Samsung Securities.

The U.S. central bank, cut its forecasts for economic growth and inflation next year, committed to monthly purchases of $45 billion in Treasuries on top of the $40 billion per month in mortgage-backed bonds it started buying in September.

But it also took the unprecedented step of indicating interest rates would remain near zero until unemployment falls to at least 6.5 percent.

But uncertainty remained over U.S. budget talks.

U.S. House of Representatives Speaker John Boehner said on Wednesday "serious differences" remain with President Barack Obama in talks to avert the steep tax hikes and budget cuts set for the new year.

Japan's Nikkei share average opened 1 percent higher to an eight-month peak, as a weak yen continued to lend support.

"The yen depreciation is a big factor for the Japanese equities market," said Takashi Hiroki, chief strategist at Monex Inc. "The Japanese market will chase the upside. The Nikkei will likely rise to 9,700."

The dollar was at 83.20 yen, not far from a 8-1/2-month high of 83.30 yen marked on Wednesday.

The Bank of Japan meets next week and is widely expected to further ease monetary policy to support its weak economy.

"Dollar/yen has been moving up for a little while now and you're seeing the trend continue. It gets moved a fair bit by U.S. yields and those moved up despite what the Fed did, shows you a bit of market positioning," said Joseph Capurso, a strategist at Commonwealth Bank.

The euro traded at $1.3066, retreating from Wednesday's high of 1.3098.

Greece's foreign lenders hailed a bond buyback as a success even though it narrowly fell short of a target to cut the country's debt, paving the way for Athens to get long-delayed aid to avoid bankruptcy.

In Italy, another debt-straddled euro zone country, Silvio Berlusconi offered on Wednesday to stand back and make way for Mario Monti as Italy's next leader if the outgoing technocrat premier agreed to run as the candidate for a centre-right coalition.

Monti last week announced that he planned to resign, but European leaders and investors want him to continue his austerity policies and are deeply concerned about a return by the scandal-plagued Berlusconi.

U.S. crude futures were down 0.1 percent to $86.73 a barrel, after rising overnight on the Fed stimulus.

Spot gold eased 0.2 percent to $1,708.61 an ounce. Gold rose on Wednesday as the Fed's fresh easing measures boosted bullion's inflation-hedge appeal.

(Additional reporting by Somang Yang in Seoul, Dominic Lau in Tokyo and Ian Chua in Sydney; Editing by Michael Perry)



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Violence, James Violence? Bond films more forceful

Written By Unknown on Rabu, 12 Desember 2012 | 08.10

REUTERS - The fictional James Bond always had a license to kill, and research from New Zealand suggests the suave spy's movies have gotten more violent through the years.

"In fact, they got quite a bit more violent over time," said Robert Hancox, senior author of a study published in the Archives of Pediatrics & Adolescent Medicine.

The concern is that children may watch these and other popular movies, and be exposed to an increasing amount of violence, said Hancox, who is at the University of Otago in Dunedin, New Zealand.

To test whether popular movies that are accessible and marketed to children and teens are showing more violent acts, Hancox and his colleagues analyzed the Bond movie series, which includes 23 films spanning the last 50 years.

The researchers watched each Bond movie and counted the number of violent acts, such as one character trying to shoot or punch someone else.

They found that the number of violent acts shown on the screen during the first Bond film in 1962 - "Dr. No" - and the film they analyzed in 2008 - "Quantum of Solace" - more than doubled from 109 to 250, respectively.

The increase didn't come from trivial violence, such as a character slapping someone else, Hancox said.

"The change has been in the portrayal of severe violence," he added, referring to any character punching, kicking or using a weapon.

Severe violence increased from 77 acts in the first film to 219 in 2008.

While the movies tended to show more violent acts over time, each movie had a different number of violent acts. For example, 1997's "Tomorrow Never Dies" contained about 400 violent acts, which is nearly twice as many as 1999's "The World is Not Enough."

Metro-Goldwyn-Mayer Studios, which co-owns the copyright to Bond films with Eon Productions, had no comment on the research.

Amy Bleakley, a senior research scientist at the Annenberg Public Policy Center at the University of Pennsylvania, who was not involved in the study, told Reuters Health that the study results jibe with research she published earlier this year.

That study, which looked at top-grossing films between 1950 and 2006, she and her colleagues found movie characters were increasingly involved with violent acts.

"So when this content shows up in films kids are seeing, it can be problematic," she said, adding that parents should follow the American Academy of Pediatrics recommendations, which suggest limiting screen time for movies, television, video games and the computer to one to two hours per day.

"The main point of this is that it's not just Bond," said Hancox. "It's about what's happening in movies and media in general, and that they tend to be getting more violent." SOURCE: http://bit.ly/TS91cK

(Reporting from New York by Andrew Seaman at Reuters Health; editing by Elaine Lies)



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