Tuesday, December 27, 2011

US weighs Yemen leader's travel request

The Obama administration is considering whether to allow Yemen's outgoing president Ali Abdullah Saleh into the United States for medical treatment as fresh violence and political tensions flare in the strategically important Middle-East nation.

A senior administration official says Saleh's office requested that he be allowed to receive specialized treatment in the U.S. for injuries sustained in a June attack on his compound.

Saleh announced Saturday that he was leaving for the U.S. in order to help calm tensions in his country following a fresh wave of violence, but he said his travel was not for medical treatment.

Saleh's presence in Yemen has angered many there, who say he wants to continue to wield his influence despite agreeing to transfer power following months of protests.

"The request for approval for President Saleh to travel to the United States is currently under consideration. The only reason that travel to the United States by President Saleh would be approved would be for legitimate medical treatment," said the senior Obama administration official, who requested anonymity because they were not authorized to speak publicly.

The official said Saleh's office recently contacted the U.S. embassy in Sanaa to say the president plans to leave Yemen soon and wants to get specialized care in the United States related to injuries he sustained in a June assassination attempt that forced him into hospital in Saudi Arabia.

On Saturday, just hours after his forces killed nine people who had demanded he be tried for the killings of demonstrators over the past year, Saleh said he would leave for the United States and give way to a successor. He did not say when he would depart.

Saleh: 'I'm fine'
The Yemeni leader said he would undergo some medical tests but characterized his intended trip as one of temporary exile.

"I will go to the United States. Not for treatment, because I'm fine, but to get away from attention, cameras, and allow the unity government to prepare properly for elections," he said.

"I'll be there for several days, but I'll return because I won't leave my people and comrades who have been steadfast for 11 months," Saleh said.

Increasing bloodshed and political uncertainty in Yemen is a major concern to its neighbor Saudi Arabia and Saleh's former supporters in Washington, who worry the country's al Qaeda wing could gain control of key oil shipping routes in the chaos.

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President Barack Obama's top counterterrorism official John Brennan called Yemen's acting leader on Sunday to emphasize the need for Yemeni forces "to show maximum restraint" when dealing with demonstrations, White House spokesman Josh Earnest said in a statement issued in Hawaii where Obama is vacationing.

In his phone conversation with Yemeni Vice President Abd-Rabbu Mansour Hadi, Brennan also called for all sides in Yemen's political transition to avoid "provocative acts that could spur further violence."

Hadi told Brennan he has launched an investigation into the deaths and injuries that occurred and said he would do his utmost to prevent further bloodshed, Earnest said, adding both officials agreed it was important to stick to the transition path leading to the February 21, 2012, presidential election.

"Mr. Brennan told Vice President Hadi that the United States remains a strong and fervent supporter of the Yemeni people in their quest to realize their richly deserved aspirations for security, political stability, representative government, and economic prosperity," Earnest said.

Hadi on Sunday urged Saleh's foes and loyalists to commit to a truce.

The Associate Press and Reuters contributed to this report.

Source: http://www.msnbc.msn.com/id/45789820/ns/world_news-mideast_n_africa/

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What Startup To Build?

new company frameworkIf you?re asking which startup to build, not whether to build, you probably have several half-baked ideas and don?t know which one to devote yourself to. Or you have no idea at all.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/7kTR0DGkiJk/

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buberzionist: . @standwithus is a pro-Israel group that works with Israeli govt and mainstream US Jewish groups. Yay! Keep up the good work chaverim

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Monday, December 19, 2011

Ford's Focus Electric hits the production line, could be yours in January

After waiting eleven months just to profess your intent, what's another two before taking delivery of your Focus Electric? That's right, electric hatchback lovers, your pre-ordered chariots just went into production and will be rolling out of Ford's Michigan plant come January. Despite the looming delivery, the automaker has yet to reveal its official range. AutoBlog Green muses that with its 23-kWh pack it'll probably be good for about 70 miles -- comparable to its slightly cheaper competition, the Nissan Leaf, which eked out 73 miles from its 24-kWh juice box in official testing. Will Ford spill the beans before CES 2012? Definitively maybe, but in the meantime hit the source to see a bevy of snaps from the production line -- go on, with some luck it might just be yours.

Ford's Focus Electric hits the production line, could be yours in January originally appeared on Engadget on Sun, 18 Dec 2011 08:25:00 EDT. Please see our terms for use of feeds.

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Sunday, December 18, 2011

Early rally fades; stock market down for the week

In this Dec. 15, 2011 photo, specialist Patrick Kenny, left, and trader Timothy Pastina work on the floor of the New York Stock Exchange. World stocks were buoyed Friday, Dec. 16, by improving U.S. economic indicators and the expected approval in Italy of an austerity plan intended to get the country's finances under control. (AP Photo/Richard Drew)

In this Dec. 15, 2011 photo, specialist Patrick Kenny, left, and trader Timothy Pastina work on the floor of the New York Stock Exchange. World stocks were buoyed Friday, Dec. 16, by improving U.S. economic indicators and the expected approval in Italy of an austerity plan intended to get the country's finances under control. (AP Photo/Richard Drew)

An early rally faded on the stock market Friday, leaving indexes down about 3 percent for the week as worries resurfaced about a breakup of the euro.

BlackBerry maker Research in Motion plunged after slashing its forecast for holiday sales. The IPO of online game maker Zynga Inc. didn't live up to its lofty expectations. The stock lost 5 percent on its first day of trading

The Dow Jones industrial average closed down 2 points. It was up as many as 99 points in the morning after the Italian government won a confidence vote on austerity measures. That gain evaporated around midday after Fitch warned that it might downgrade the debt of Italy, Spain and four other countries that use the euro. After markets closed, Moody's downgraded Belgium's debt two notches and said more cuts were possible.

Materials and industrial companies rose, signaling that traders expect the U.S. economic recovery to remain on track. Utilities, health care and consumer staples companies lagged the market as traders sold stocks that are considered to be safer when the economy is weak.

The Dow Jones industrial average broke a three-day slump Thursday on news that claims for unemployment benefits plunged last week and measures of manufacturing in the Northeast improved dramatically. The Dow lost 360 points over the first three days of the week as investors questioned whether Europe's agreement to closer coordinate fiscal policy would be enough to save the euro from a catastrophic breakup.

Phil Orlando, chief equity market strategist at Federated Investors, said investors are holding back until they get a "firmer resolution" to Europe's debt morass and more progress in Washington on reforming entitlements, balancing the budget and getting the country growing again. "Right, now we don't have anything to offer them," he said.

Some analysts believe nervousness about Europe this fall and winter pushed stock prices too far. Investment adviser Uri Landesman, president of Platinum Partners, expects stocks to rise into next year because of the growing likelihood that economic news and European headlines will remain positive.

"The odds are, the news is going to be better than the market is discounting," Landesman said. He said the market is near the low end of its recent trading range, and a dose of positive news could set off a mini-rally. Any market moves next week could be sharp as trading volume thins out before the Christmas holiday, Landesman said.

The Dow Jones industrial average closed down 2.42 points at 11,866.93.

The Standard & Poor's 500 index rose 3.91, or 0.3 percent, to 1,219.66. The Nasdaq composite index rose 14.32, or 0.6 percent, to 2,555.33 The Dow is down 2.6 percent for the week; the S&P 2.8 percent. The Nasdaq lost 3.5 percent.

The yield on the 10-year Treasury note plunged to 1.85 percent from 1.93 percent earlier Friday after the government said consumer prices were unchanged last month, suggesting that inflation remains low. Low inflation makes bonds more attractive because it doesn't diminish the buying power of the fixed return a bond provides over time.

Seven of the 10 industry groups in the S&P 500 index rose, with the only declines showing up in health care, consumer staples, and utilities. The biggest gains were in energy, materials and industrial companies. U.S. factories in some regions have had higher shipments and orders month, according to two surveys released Thursday. Materials companies are benefiting from soaring commodity prices.

Research In Motion Ltd. plummeted 11 percent after the company said late Thursday that new phones seen as critical to its future will be delayed until late next year. RIM also is taking a big loss on unsold tablet computers and predicted that its BlackBerry sales will fall sharply during the holiday sales season.

Zynga, which makes "Farmville" and other popular games, fell 5 percent to $9.50 in its first day of trading on the Nasdaq. The initial public offering was priced late Thursday at $10 per share, raising $1 billion. That means the San Francisco company can boast the biggest Internet IPO since Google Inc. first offered shares in 2004.

Among the other companies making big moves:

? New York-area cable TV provider Cablevision Systems Corp. plunged 9 percent following the sudden departure of its chief operating officer, Tom Rutledge.

? Adobe Systems Inc. jumped 6.6 percent after the software maker reported earnings and revenues that were far better than what analysts had expected. Analyst Walter Pritchard at Citigroup said the quarter was a "blow-out when most expected weakness."

___

AP Business Writer Joshua Freed contributed to this story.

Follow Daniel Wagner at www.twitter.com/wagnerreports.

Associated Press

Source: http://hosted2.ap.org/apdefault/f70471f764144b2fab526d39972d37b3/Article_2011-12-16-Wall%20Street/id-9fed4952384c4e77ac144e8862dab6ea

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Saturday, December 17, 2011

Perry double dips state salary and pension (AP)

AUSTIN, Texas ? Texas Gov. Rick Perry is a double-dipper, collecting a salary and retirement benefits simultaneously.

A personal financial disclosure form that presidential candidates are required to file shows that Perry is collecting his $7,700 monthly state pension. That is allowable under state law, using a complicated formula.

Perry's salary as governor is roughly $133,000.

Collecting retirement benefits while drawing a state salary will likely expose Perry to criticism from those who complain that public sector employees are too generously compensated.

Perry's financial disclosure form was made public Friday by the Federal Election Commission.

He reported a net worth of at least $1.3 million and an annual income of $290,000.

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

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