Tuesday, January 24, 2012

Column: Balotelli not quite so funny anymore

By JOHN LEICESTER

AP Sports Columnist

Associated Press Sports

updated 10:44 a.m. ET Jan. 23, 2012

Suddenly, Mario Balotelli doesn't seem quite so amusing anymore.

One could fill pages, and many grateful newspaper hacks regularly do, with stories both real and surely imaginary about the insouciant playfulness of the striker whose goals are edging Manchester City ever closer to the English Premier League title.

A football millionaire with friends who let off fireworks in his bathroom, who has turned up for work wearing a woolly hat that looked like a chicken's comb and who was filmed struggling with the simple task of pulling on a vest is going to generate headlines and laughs.

This 21-year-old kid in a grown man's body excels at both.

Ho-ho, Mario. The question - "Why Always Me?" - that Balotelli had printed on his T-shirt when City thrashed Manchester United 6-1 in October must surely have been a joke, because his high jinks make the answer so obvious.

But there is nothing even remotely humorous about a player who stamps on an opponent's head. That would be an act of nastiness.

Only Balotelli can know if he is that, too. Because only he can be sure whether he deliberately or accidentally trampled Sunday on the right ear of Scott Parker, the Tottenham midfielder whose job of breaking up opposition attacks with his solid tackles puts him in harm's way and often leaves him face down in the grass.

The video replays looked bad but one can never be sure that they tell the whole story.

With City and Tottenham tied on two goals each and with just eight minutes left, Balotelli struck powerfully for goal. Parker bravely blocked the shot, the ball ricocheting off his thigh as he threw himself in the way of the City forward. In doing so, Parker also tripped, hit the deck and became entangled in Balotelli's feet, sending the Italian tumbling, too.

As Balotelli was falling, his right foot kicked downward and thudded, with the studs of his boot, onto Parker's head. Slow-motion replays clearly showed the sequence of events. It certainly looked vicious. But what the videos could not prove was whether there was intent from Balotelli.

City assistant manager David Platt said he had not seen the incident and so wasn't prepared to judge it.

"Different angles on TV can show different things," he said.

Which is true.

But professional footballers and their bosses have repeatedly shown that they cannot be relied upon for honesty in such situations. There's too much resting on football - money, pride, results, loyalty to club or country, even jobs - and win-at-any-cost deceit is too engrained in the modern game for those involved to confess on a regular basis when they or their players have sinned.

Thus, when Real Madrid defender Pepe issued a statement to say that his stamp last week on the hand of Barcelona forward Lionel Messi was "an involuntary act" we can only take his word for it, even if our eyes suggested something different.

Occasions when a coach acknowledges that a player was wrong and that a referee was right are sufficiently rare to be refreshing when they happen. That was the case on Saturday with Wolverhampton Wanderers manager Mick McCarthy.

"I don't have any complaints about the sending off," McCarthy said after Karl Henry was shown the red card for kicking backward into the Marc Albrighton's chest when the Aston Villa midfielder was on the turf. "I'm not excusing him at all because he's back-heeled him."

More often, coaches see only what they want to see. Tottenham manager Harry Redknapp was quick to condemn Balotelli, even though he, too, cannot have known whether his stamp on Parker was deliberate.

"It's not a nice thing to do, really, is it?" said Redknapp. "It's got no place in football."

Intentional or not, Balotelli was lucky. Referee Howard Webb had already shown him a yellow card for an earlier foul and could quite easily have decided that trampling on Parker was sufficiently dangerous and clumsy to warrant another. But Webb either did not see it or decided that Balotelli hadn't deliberately hurt Parker.

Balotelli, of course, then went on to score, a last-minute penalty he took with the unflappable cool of Clint Eastwood, winning the match for the City.

As is often the case when he scores, Balotelli didn't smile or celebrate, but instead simply stood rooted to the spot, arms out in the shape of a cross.

A mischievous and perhaps even lovable rascal enjoying the last laugh.

---

John Leicester is an international sports columnist for The Associated Press. Write to him at jleicester(at)ap.org or follow him at twitter.com/johnleicester

? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Barca awaits Real Madrid again

Real Madrid probably will abandon its defensive strategy and go on the attack against Barcelona in the second leg of the Copa del Rey quarterfinals on Wednesday.

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That's a reason?

??AC Milan's Kevin-Prince Boateng is hurt again, and his girlfriend says it's because they have sex "7-10 times a week." Oh.

Source: http://nbcsports.msnbc.com/id/46101143/ns/sports-soccer/

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Boehner: Republicans may link pipeline to tax bill (reuters)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, News Feeds and News via Feedzilla.

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Monday, January 23, 2012

S.C. Officials To Investigate Bogus Emails About Newt Gingrich's Ex-Wife, Marianne

CHARLESTON, S.C. -- A South Carolina prosecutor says officials will launch an investigation into fake emails aimed at Newt Gingrich's presidential campaign.

Deputy Attorney General Bryan Stirling said Friday that the chief of South Carolina State Law Enforcement Division, Mark Keel, has been asked to conduct a preliminary review of the facts surrounding the fake emails.

One of the bogus emails falsely claims to be a Gingrich campaign response to a news report, also false, that he had forced his ex-wife Marianne into terminating a pregnancy.

At a campaign stop Friday night, Gingrich called the emails "disgusting" and said the offenders should be prosecuted.

Stirling says that the findings of the investigation will be presented to South Carolina Attorney General Alan Wilson, who will determine if any laws have been broken.

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Source: http://www.huffingtonpost.com/2012/01/21/newt-gingrich-wives-bogus-email_n_1220663.html

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Michelle Parker Video Released By Police; Mother Went Missing After 'People's Court' Appearance (VIDEO)

Police have released video footage of mother Michelle Parker taken on the day she went missing.

The video shows Parker on Nov. 17 at a KFC restaurant in Casselberry, Fla., three hours before she dropped her kids off at the house of her ex-husband Dale Smith, a suspect in the disappearance.

Though police say the video has already been scrutinized for clues into Parker's possible whereabouts, they released the video on her 34th birthday to keep her name in the headlines as the search for the mother of three continues.

Last Friday, Parker's family celebrated her birthday in Orlando.

Brad Parker, Michelle's father, told WKMG he's hopeful his daughter will be found.

"I hope we find Michelle, it'd be a good birthday present," Parker told the station. "Every time the phone rings, I think she's coming home or they found her."

Parker was last seen by Smith on the day an episode of the "People's Court" aired in which Parker and Smith argued about an engagement ring she lost.

Orlando police, made Smith the only suspect in the case, saying he had been violent towards her in the past.

Michelle Parker

1?of?19

Michelle Parker (WESH.com) More pictures from WESH.com.

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Source: http://www.huffingtonpost.com/2012/01/22/michelle-parker-video_n_1222043.html

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Sunday, January 22, 2012

Congress has legal clout on Keystone pipeline: study (Reuters)

WASHINGTON (Reuters) ? The Congress has the constitutional right to legislate permits for cross-border oil pipelines like TransCanada's Keystone XL, according to a new legal analysis released late on Friday.

The study by the nonpartisan Congressional Research Service could give a boost to Republicans drafting legislation to overturn a decision this week by President Barack Obama to put the $7 billion Alberta-to-Texas project on ice.

Historically, U.S. presidents have made executive decisions on pipelines that cross borders. But Congress had the power all along to weigh in on the permits, said the study, done by four legislative attorneys with the CRS.

"If Congress chose to assert its authority in the area of border-crossing facilities, this would likely be considered within its Constitutionally enumerated authority to regulate foreign commerce," the study said.

Republicans in Congress have elevated the Canadian pipeline and the construction jobs it would create into an election-year issue, accusing Obama of caving in to environmental groups. They pushed to include a deadline for a permit approval in a payroll tax cut bill that Obama signed into law in December.

But this week, Obama and the State Department said an environmental review of a portion of the proposed pipeline could not be rushed, closing the door on a quick start to the project.

BACK IN THE DAY

The CRS study examined the history of decisions by presidents on thorny issues involving approval of cross-border projects such as bridges and power lines stretching back to 1869, when President Ulysses Grant ruled on a French transatlantic cable used to send telegrams.

The report also looked at more recent court cases involving oil and gas pipelines crossing the Canada-U.S. border.

While the U.S. president has authority over foreign affairs, the U.S. Constitution gives Congress the power to regulate foreign commerce, the report explains.

Until now, presidents have issued permits by executive order for pipelines, and Congress has stayed out of the matter.

The report did not comment on specific proposals floated by Republicans in the Senate and House of Representatives, but said that "legislation altering the pipeline border crossing approval process appears likely to be a legitimate exercise of Congress's constitutional authority to regulate foreign commerce,"

Legislation on cross-border "facilities" like pipelines "is unlikely to raise significant constitutional questions, despite the fact that such permits have traditional been handled by the executive branch alone," it said.

REPORT 'HELPS THE CONVERSATION'

Any "plan B" drafted by Republicans would still have to clear a very big political hurdle. While legislation could easily pass in the Republican-controlled House, the Democratic-led Senate is another matter.

"Regardless of whether the Republican legislation seeking to rubber-stamp Keystone XL would pass constitional muster, it would still need to pass the Senate and be signed by the president, and that is not going to happen," a Senate Democratic aide said on Friday.

But the CRS report "greatly helps the conversation" among Senate and House Republicans strategizing about how to keep the project alive, said Ryan Bernstein, an energy adviser to Senator John Hoeven of North Dakota, whose office requested the study.

"I think this confirms what we've been saying all along - Congress has the authority to approve the Keystone pipeline," said Bernstein, who is helping Hoeven draft legislation that would see Congress approve the project.

Earlier on Friday, Republicans in the House of Representatives said they were considering using upcoming payroll tax cut or highway construction bills to force quick approval of the pipeline.

Representative Lee Terry, whose home state of Nebraska would host part of the pipeline, has drafted legislation to shift the Keystone decision-making process from the Obama administration to the independent Federal Energy Regulatory Commission, which regulates pipelines in the United States.

The House Energy and Commerce Committee will hold a hearing on Wednesday about Terry's bill and other Keystone measures.

(Editing by Peter Cooney)

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/nm/20120121/pl_nm/us_usa_pipeline_legislation

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Sarah Burke, Pioneering Freestyle Skier, Dies At 29

Olympic hopeful had been in a coma since a skiing accident in Park City, Utah, last week.
By Kara Warner


Sarah Burke
Photo: Richard Bord/ Getty Images

Professional skier and Olympic hopeful Sarah Burke died Thursday (January 19) following an accident during a training run on the superpipe in Park City, Utah, on January 11; Burke had been in a coma since the crash. Burke's publicist confirmed the news of her death to People magazine.

The freestyle skier's death comes just one week after she underwent successful surgery to repair a torn vertebral artery that caused bleeding between her brain and skull. Despite the success of the procedure, Burke remained in a coma.

Hospital officials told the magazine that Burke suffered a ruptured artery, which caused her to go into cardiac arrest. She sustained irreversible damage to her brain due to lack of oxygen and blood and never regained consciousness.

According to a statement from her parents, sister and husband Rory Bushfield obtained by People, Burke died "peacefully surrounded by those she loved" and her organs and tissues were donated, per the skier's wishes. The family also expressed their "heartfelt gratitude" in the statement, for the "international outpouring of support they have received from all the people Sarah touched."

The 29-year-old Canadian was considered a pioneer in women's free skiing, "The Godmother" of the sport according to the Ski Channel. She was an eight-time X-Games medalist and an Olympic hopeful for the 2014 Winter Games in Sochi, Russia.

Burke's family has reportedly received a substantial number of inquiries from people asking how they can offer support and make a donation on behalf of Burke. For more information, please go to GiveForward.com.

Share your condolences for Burke's family and friends in the comments below.

Source: http://www.mtv.com/news/articles/1677589/sarah-burke-dead.jhtml

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Saturday, January 21, 2012

Dr. David Liepert: Muhammad Liked Christians, Muslims Should Too

I have a lot of great friends from a variety of religions, best evidenced by the outpouring of support, affection and prayers when my wife had major cancer surgery last month. I was truly touched when I received word of prayer services in churches, mosques and synagogues literally from around the world. Words cannot express the depth of our gratitude for all your earnest kindness. My wife was particularly moved to learn that across her birth country of Pakistan and the Middle East, food was donated and hungry people were fed in her name. God bless you all.

But my agnostic friends also deserve a shout-out. Because even though they weren't sure whether their prayers could do any good, they were in there with me throughout all the same, doing everything they could think of to help out too, as far as I'm concerned doing just as good of a job honoring God's commands that we look after each-other as everyone else did, even though they're not even sure whether God exists or not!

However, it's the prayers I want to talk about.

Because although my Muslim and Jewish friends didn't feel it necessary to clarify exactly which God they were praying to because everyone of us knows we pray to the same one. Many of my Christian friends -- respectfully, kindly and to my mind tragically -- felt they needed to assure me they were praying to the God of Abraham rather than to Jesus, because they thought I'd be offended otherwise.

And as far as I am concerned, that's mostly because Muslims for the last thousand years have consistently failed to live up to either the commands of the Quran or the example of Muhammad regarding interfaith relations, and thereby have warped the development of both major world religions, leading up to the growing and unnecessary conflict we see developing between Islam and Christianity today.

Frankly, it's gotten so bad between us all that I even have to clarify my admission that I have great Jewish and Christian friends. Because extremist Muslims and extremist non-Muslims alike will tell me I can't because the Quran says Muslims shouldn't be friends with Jews or Christians.

The verse they're talking about is 5:51, which many translate as if it says, "O ye who believe! Take not the Jews and Christians for friends (awliyaa). They are friends one to another. He among you who taketh them for friends is (one) of them. Lo! Allah guideth not wrongdoing folk."

But they do so in woeful ignorance of the real meaning of the word awliyaa, because it doesn't mean "friend" at all. It's actually something much closer to "protector," "helper" or "guardian." It is from a family of words that mean "leader" or even "crown."

In ancient times, a person's awliyaa was an important role more akin to a modern day power of attorney. In that context, the command isn't against having friends among Jews or Christians, it's against putting our destiny into their hands: something that remains good advice to Muslims today.

But the way that command is willfully mis-translated by conflict seeking Muslims and non-Muslims alike speaks not just to how far we've all stepped off the path to peace God's prophets promote, but also how easy it would be for us to step back on if we're willing to listen.
In simplest terms, the question we have to ask ourselves is this: Does God care so much which team we play for, or does he care more about how we play the game?

Muslim/Christian religious chauvinism's not new, and it's not one-sided. In his "Narnia Chronicles," C.S. Lewis, one of my favorite Christian writers, wrote about a "false-God-follower" who, when he met the character Lewis thought represented the true God, was told: "I take to me the services which thou hast done to Tash [the false God] ... if any man swear by him and keep his oath for the oath's sake, it is by me that he has truly sworn, though he know it not, and it is I who reward him."

The thing is, in that series, the Calormen --who worshipped Tash-- obviously played to the worst anti-Arab stereotypes, demonstrating that Lewis wasn't immune to prejudice, but he made an important point about faith, which he clarified:

"I think that every prayer which is sincerely made even to a false god, or to a very imperfectly conceived true God, is accepted by the true God and that Christ saves many who do not think they know him. For He is (dimly) present in the good side of the inferior teachers they follow. In the parable of the Sheep and Goats those who are saved do not seem to know that they have served Christ."

And regardless of his prejudices, Lewis is certainly far kinder than many current Christian theologians, who seem quite prepared to consign even the best Muslims to eternal damnation. More importantly though, he's also completely in line with the teachings and behavior of Muhammad, Abraham, Moses, David and the Christ, among others, alike.

Because Muhammad liked Christians! And he liked and respected Jews and Judaism, too. (If you're interested, Google "Mukhayriq" and the Constitution of Medina.) His uncle Waraqah, the first person who declared his prophethood, likely remained a Christian til the day he died! What he didn't like was Christians and Jews who said one thing and did another, but he disliked Muslims who did that even more.

But more important from an Islamic perspective than his personal feelings were the way he treated Christians, and the promises he made them. The biggest theological difference between Islam and Christianity has to be belief in the Trinity, and that's the main doctrinal point the Quran takes issue with: few Christians today recall that belief in the Trinity wasn't even part of Christianity until the fourth century A.D., or realize that today's Muslims are likely much closer to the beliefs the earliest Christians held dear than today's Christians are.

But belief in the Trinity was taking hold among Christians at the time of Muhammad, and he had to deal with many Christians who not only believed that God could be Three as well as One, but also the belief that Jesus was God as well. Did he condemn them or abuse them for it? Absolutely not!

In fact, when the Christians of Najran came to Medina to debate theology, they quite respectfully asked permission to leave the city to worship the Christ. And even more respectfully, Muhammad told them they didn't have to leave the city at all, and invited them to use his own mosque for their worship! Because Muhammad knew that even though their belief was wrong, it was sincere, and like C.S. Lewis, among many others, he too knew that all good prayers and good deeds go to the same good place and the same good purpose, regardless of how much we know about it. And when they left Medina -- still Christians -- he promised them Muslim protection for their freedom of religion forever.

I often pose "dogmatic" believers a simple question: If I raised my children on a desert island, with no other influence but mine, to believe God wanted nothing more than for them to paint their bellies blue, and if they died with blue-tinged abdomens, would God punish my children or me? You'd be surprised how many figure out some way to justify God punishing us all.

Muhammad, on the other hand, didn't care so much about doctrinal purity. In fact, there's a Christian monastery that's been at the foot of Mount Sinai for the last 1,500 years, which cherishes a document that was dictated by Muhammad and transcribed by Ali (whom Shiite Muslims also revere) that promises Muslim protection for Christians and for Christianity, a promise they made binding on all Muslims everywhere till the end of time.

"This is a message from Muhammad ibn Abdullah, as a covenant to those who adopt Christianity, near and far, we are with them. Verily I, the servants, the helpers, and my followers defend them, because Christians are my citizens; and by Allah! I hold out against anything that displeases them.

No compulsion is to be on them. Neither are their judges to be removed from their jobs nor their monks from their monasteries.

No one is to destroy a house of their religion, to damage it, or to carry anything from it to the Muslims' houses. Should anyone take any of these, he would spoil God's covenant and disobey His Prophet. Verily, they are my allies and have my secure charter against all that they hate.

No one is to force them to travel or to oblige them to fight. The Muslims are to fight for them. If a female Christian is married to a Muslim, it is not to take place without her approval. She is not to be prevented from visiting her church to pray.

Their churches are to be respected. They are neither to be prevented from repairing them nor the sacredness of their covenants. No one of the nation (Muslims) is to disobey the covenant till the Last Day (the end of the world)."


Muslims in Nigeria, Egypt, Iraq, Pakistan, Indonesia and Malaysia in particular should take note.

Now, I think the reason why believers find themselves in conflict with other believers so often is a simple one: The one belief everyone shares, but that divides us from one another regardless, is that we're right about what we believe and we think it matters.

But how much do we know about exactly what Abraham, Isaac and Ishmael believed about God, beyond believing God was One and, as such, above believer's polytheistic playing-one-God-against-another manipulations? Did Moses think God's covenant was only with the children of Israel, or did David think Jerusalem's Temple was for Jews and Jews alone? Did Jesus need to indoctrinate either Samaritans or Roman Centurions before he served them? The answer to all those questions is a resounding "NO!" if you take the time to find out the answers for yourself.

And I think it's incredibly important that we all do so and soon. Not only does the belief that God cares WHAT we believe more than what we do about it divide us unnecessarily, it is also the belief that sits at the heart of the religious radicalism that's currently plaguing us all.

Thinking God cares more about your team jersey, about whether you play for the Saints or the Cardinals, the Servants or the Crusaders, than whether you play by the rules He's set out is

  • what allowed the 9/11 bombers to destroy the World Trade Centre and think they could still make it to Heaven
  • ,
  • what allows Jewish settlers to abuse non-Jewish Palestinians and think they've serving God's purpose for Israel and

  • what allows Christian theologians to exhort Americans to vengeful conquest and still think they're somehow serving the Christ.

They all sound equally crazy to me.

But I'm Muslim, and so I ask all my Muslim brothers and sisters around the world, and especially those who think they can or should abuse, mistreat or even kill non-Muslims: Does Allah really care so much what we believe, so much that He doesn't care what we do? Al-Baqarah 177 says otherwise:

It is not righteousness that ye turn your faces to the East and the West; but righteous is he who believeth in the Lord and the Last Day and the angels and the Scripture and the Prophets; and giveth his wealth, for love of Him, to kinsfolk and to orphans and the needy and the wayfarer and to those who ask, and who sets slaves free; and who observeth proper worship and payeth the poor what they are due. And those who keep their treaty when they make one, and the patient in tribulation and adversity and time of stress. Such are they who are sincere. Such are the God fearing.

Because honestly? I think thinking YOU can make God do something; like let YOU into Heaven no matter what YOU do because of what YOU believe, makes YOU bigger than God -- at least in your own mind -- and that's the biggest sin in Islam!

So what's my bottom-line? Heaven can be as big as God wants it to be, even big enough for everyone if He chooses to make it so, and I think it's my agnostic friends who so far have the best of it.

Because by not trying to put God into a box of their own making by way of their own believing they show God the most respect of all of us, regardless of their uncertainties, which quite frankly are mostly the fault of us "true-believers" because of the awful things we've done purportedly on God's behalf anyways.

We Muslims and Christians and other believers, on the other hand, are well on our way to making earth a living Hell for all of us by pretending otherwise. We should put that sort of self-serving, short-sighted believing behind us, before it's too late for all of us.

Ameen.

?

?

?

Follow Dr. David Liepert on Twitter: www.twitter.com/DrDavidLiepert

Source: http://www.huffingtonpost.com/dr-david-liepert/muhammad-liked-christians_b_1209044.html

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Why the World Should Ignore the Presidential Campaign Foreign Policy Debates (Time.com)

As Republican presidential contenders prepare for yet another televised primary debate in South Carolina on Thursday, much of the world may be wondering who'll be the next victim of some ignorant insult. Already, the GOP primary season has seen the Palestinians branded an "invented" people by Newt Gingrich; Herman Cain making light of his indifference to Uzbekistan; and Rick Perry telling the Turks that the government they have twice elected is headed by "Islamic terrorists." (MORE: What You Missed While Not Watching the Fox News South Carolina GOP Debate)

Even if you set aside the Halloween antics from his challengers -- Gingrich advocating military means to topple Iran's regime, say, or Perry's call for a re-invasion of Iraq -- even some of the more sober pronouncements of front runner Mitt Romney seems to portend a radical shakeup of U.S. foreign policy. Romney has, after all,

* attacked Obama for negotiating a nuclear arms reduction treaty with Russia, which he says is trying to recreate the Soviet Union;
* accused the President of "throwing Israel under a bus";
* rejected any negotiations with the Taliban;
* promised to declare China a currency manipulator and take appropriate action; and, most ominously, declared
* "If we re-elect Barack Obama, Iran will have a nuclear weapon ... If you elect me as president, Iran will not have a nuclear weapon."

Tough talk, to be sure, but foreign policy vows made on the presidential campaign trail -- at least those that promise significant changes -- are almost invariably forgotten by the winning candidate once in office. The antiwar Democrats who propelled President Barack Obama to his party's nomination might ruefully recall his promises to close the prison facility at Guantanamo Bay, for example, while few would have much good to say about his doubling down on the war in Afghanistan or his Iran policy. Sure, he oversaw the ending of the Iraq war, but simply by sticking to the agreement concluded with the Iraqi government by President George W. Bush in December 2008 (a fact conveniently ignored, certainly, by some of the current crop of Republicans berating Obama over Iraq).

Foreign policy discussion on the hustings, particularly in a year when Americans' overwhelming concern is the domestic economy, requires that candidates please the crowd with dramatic statements, always casting themselves as tougher and more principled than the incumbent, while making promises unmoored to the realities faced by those in power.

Attacking a Democratic president as weak on national security (regardless of his performance) is a well-established trope for Republicans, just as trash-talking China and promising to love Israel more and better than the incumbent has become a campaign standard for candidates of both parties. (MORE: If 2011 Was a Turbulent Year for Obama's Foreign Policy, 2012 Looks Set to Be Worse)

Bill Clinton on the campaign trail in '92 promised to get tougher on what he called "the butchers of Beijing" than President George H.W. Bush had been; but in 2000 it was George W. Bush promised to get tougher on China than Clinton had been. Obama took up the cudgels in 2008, vowing to challenge China's currency manipulation and urging Bush to consider boycotting the Olympic Games opening ceremony and demanding that he press China to negotiate with the Dalai Lama. Now, it's Romney who is promising to be tougher on China than President Obama has been. And yet, despite these rhetorical flourishes and occasional tactical adjustments, U.S. China policy has been remarkably consistent over the past six presidential terms.

Candidate Clinton also sought to distinguish himself from President Bush (41) on Israel, promising to demonstrate his love by moving the U.S. embassy from Tel Aviv to Jerusalem. Congress in 1995 even passed a law recognizing Jerusalem as Israel's capital and stating that "the United States Embassy in Israel should be established in Jerusalem no later than May 31, 1999." The legislation did allow the President, at six-monthly intervals, to waive implementing the decision if the interests of "national security" required it -- and that's what Clinton did for the remainder of his presidency. Candidate George W. Bush promised that, unlike Clinton, he would move the U.S. embassy from Tel Aviv to Jerusalem, but he too waived the issue every six months, keeping up pretense by adding the sentence "My Administration remains committed to beginning the process of moving our embassy to Jerusalem" each time he signed the waiver.

Candidate Obama in 2008 made no mention of the embassy issue, but vowed that "Jerusalem will remain the capital of Israel and it must remain undivided." But the U.S. hasn't formally recognized Jerusalem as Israel's capital, and its embassy remains in Tel Aviv. Moreover, Obama demanded that Israel halt settlement construction in East Jerusalem, which Israel's partisans say makes nonsense of his "undivided" pledge. And, of course, he has continued to sign the six-monthly waiver, just as Bush and Clinton did

Sure enough, Gingrich, Santorum and Perry are now making the same embassy promise as Clinton did in 1992. Romney, confident of winning the nomination, has stopped short of promising to move the embassy, saying only that he would consult with the Israeli government before making such a move. Of course, the Israeli government would very much like the U.S. embassy to be in the city it calls its capital, but still -- don't bet on an embassy move. Nor, for that matter a significant change in China policy. Negotiations with the Taliban are unavoidable if the U.S. plans ever to leave Afghanistan. The Russia missile treaty was ratified with the support of nearly half the Republicans in the Senate, and had the backing of the nation's military chiefs and such stalwarts of the GOP foreign policy establishment as former Secretary of State Condoleezza Rice. Aside from more public displays of affection such as visiting Israel, it's hard to see how in substantial policy terms Romney would demonstrate greater commitment to Israel than Obama is currently doing. And promising that Iran will have a nuclear weapon if Obama is president but won't if Romney wins the White House is a dangerous boast: For one thing, U.S. and even Israeli intelligence concurs that Iran is not currently building nuclear weapons and has not, in fact, decided to do so as yet; and the Pentagon has warned that even military action would at best delay Iran's progress by a year or two should it decide to pursue nuclear weapons.

Reading through Romney's more detailed foreign policy statement what's striking is that despite one or two specific changes, its overall thrust suggests a basic continuity in U.S. foreign policy, simply promising to do it better than Obama has done. Sure, things could turn out very differently: The "humble" foreign policy promised by candidate George W. Bush in 2000 makes President Obama look like a neocon, for example. The sound and fury of the campaign trail, in other words, signifies very little about how the candidates will conduct foreign policy once in office.

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Friday, January 20, 2012

Seacrest set to launch TV network this summer

Ryan Seacrest is getting his own TV network after all.

The multi-hyphenate, along with partners AEG and talent agency CAA, have struck a deal with billionaire entrepreneur Mark Cuban to rebrand his HDNET as AXS TV (pronounced Access) beginning this summer.

The channel?s programming lineup will rely heavily on live lifestyle and live entertainment fare, leveraging the music assets of AEG, a top venue owner and and tour promoter, and the A-list connections and production capabilities of Seacrest. As part of the rebrand, the network will cater to pop culture and entertainment enthusiasts rather than the younger, heavily-male demographic that HDNet historically has targeted. Cuban will continue to lead the channel on behalf of the venture, with Denver, Co.-based Philip Garvin still involved as general manager of network operations.

Photos from THR: Hollywood honors Seacrest

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Though the parties involved will not comment on financial terms of the deal, one source told The Hollywood Reporter that the venture between Cuban and the others is ?virtually? a 50-50 partnership. For his part, Seacrest is a stakeholder in the venture, with no plans to contribute as an on-air personality.

The news comes more than a year after THR first reported that Seacrest, CAA and AEG were trying to launch what was then described as a ?music, pop culture and lifestyle oriented? cable network. Several months later, the group was in talks to take over VH1 Soul, a little-watched spinoff of MTV Networks' VH1 channel.

According to AEG chief executive Tim Leiweke, who along with Dish chief Joe Clayton and Cuban sat down with THR Wednesday at AEG?s LA Live venue, the Viacom-owned VH1 Soul was one of many distribution platforms considered over the past three years. Also debated was a plan to launch a channel from scratch, an option the team found particularly challenging in today?s increasingly crowded landscape.

Among the benefits of rebranding HDNet as opposed to launching from scratch: the network instantly will be in more than 35 million homes, maintaining its existing distributors, including DirecTV, Comcast, Verizon, AT&T, Charter and Dish. But to hear Leiweke tell it, the venture with Cuban got the distributors invested in a way that earlier plans had not.

?I'm not saying that the distribution community was hostile when we'd come walking in the door saying we had an idea, but we were one of many people walking in the door and there was not a lot that captured their attention and made them want to deal with us and think about a partnership that would give us a bigger footprint,? he acknowledged. ?This one was different, and the fact that we're sitting here having a conversation about a vision with a distribution partner [in Dish] right off the bat, is why this is unique.?

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Story: Seacrest is No. 1 on THR's? Reality Power list

As part of the arrangement, Dish announced it would expand its carriage of the rebranded HDNet, making it part of America?s Top 120 programming package, as well as offer a wide selection of AXS-branded video on demand concerts and ticketing opportunities, beginning March 15. By August 1, Dish and the network will launch AXS Headliner Club, an online audition site for musicians looking to perform at an AEG-affiliated venue.

Still, even with distribution, it?s not certain viewers will show up. One needs only look at Oprah Winfrey?s low-rated OWN, a rebrand of Discovery Health, for a cautionary tale. But if Cuban has any fears heading into the venture, he isn?t letting on. ?HDNet was profitable coming into this deal and we think we'll be even more profitable and be able to invest even more in the business because of the great partnerships we have and the great leverage that all the access AEG and Ryan bring to the table,? he said in an interview.

Lieweke agreed, adding that many of the assets?from the brick-and-mortar infrastructure to the content?are already in place. ?We have about $4 billion worth of assets [including the Staples Center and The 02 in London] we've handed over to Mark. To give him a playground like L.A. Live, it's an existing investment we've already made and one which now we don't have to re-create but he can take advantage of,? he noted, adding: ?Same on content: We spend literally over $1 billion a year on content through AEG Live, so our ability to tap into that is huge.?

CAA, which represents Seacrest, is described as a "partner" in AXS but the talent agency declined to specify whether it is investing money in the venture, saying only that it will access its relationships in sports and entertainment and provide strategic advisory services. The network is vowing to work with all content creators, not just CAA clients.

From a programming perspective the rebranding will mean big changes for the decade-old HDNet network.

?There's a big core of people who think the Internet is going to take over the world and I don't happen to be one of them. I think the future of TV is TV. The Internet will be there and do its thing, but one of the big differentiators is 'live.' If you look at what's happening across the TV spectrum, there's news and there's sports,? Cuban told THR.

Photos from THR: A day in the life of Seacrest

Programming plans are still in early stages but the team plans to launch a live news show, loosely described as a SportsCenter equivalent for the pop-culture arena. Cuban suggested this is the kind of fare that can?and in time, will?air several hours a day, every day.

Also included in the rebranded network?s plans are exclusive behind-the-scenes access to live concerts and music festivals, red carpet premieres, award shows, parties, events and in-depth interviews. While scripted and unscripted series fare will likely fill swaths of the schedule at first, Cuban?s plan is to move as much of the schedule as possible to live fare.

Cuban said that some of HDNet?s current programming, including Dan Rather Reports, HDNet Fights, Inside MMA and the network's Sunday concert series, will remain. Inside MMA will likely move its studio to LA Live, while Rather?s show will be tweaked so that it airs live more often. Cuban said he has no plans for Rather to alter his show with more of an entertainment focus: ?I'm going to let Dan do his thing,? he said of a show he calls his ?guilty pleasure.? HDNet's edgier, more male-focused fare such as Girls Gone Wild programming will go away.

Seacrest?s shingle, Ryan Seacrest Productions, will have a production commitment with the new venture. To be sure, it will not preclude his first-look deal with NBCUniversal, which currently airs his Kardashian unscripted series offerings. What?s more, his conversations about re-upping with NBCUniversal are ongoing, with sources noting that a new deal could include such things as Today appearances, Olympics coverage and Barbara Walters-esque specials as well as an expanded first-look deal for RSP. Ryan Seacrest Media, a holding company separate from RSP, is the investor in AXS.

In an interview with THR last spring, Seacrest insisted whatever deal he and his partners at CAA and AEG struck, it ?will not be the Ryan Seacrest channel? it will not be branded with my name or my face. My role would be to hope to provide content for them, but primarily it would be an ownership role.? All involved confirmed Wednesday that Seacrest has no plans to have an on-air role, nor does he envision having another venue for Kardashian fare.

Are you looking forward to what AXS might offer in terms of programming? What would you like to see? Share your thoughts on the Facebook page for our TV blog, The Clicker.

Copyright 2012 The Hollywood Reporter

Source: http://today.msnbc.msn.com/id/46046375/ns/today-entertainment/

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Colbert Super PAC Attacks Colbert (Taegan Goddard's Political Wire)

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Thursday, January 19, 2012

We?re blacking the site out today to protest SOPA/PIPA (Americablog)

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Gervais won't be persuaded to host Globes again (Reuters)

LOS ANGELES (Reuters) ? British comedian Ricky Gervais said he expects to avoid being persuaded to host the Golden Globe Awards again after calling his gig at Sunday's film and TV honors ceremony his favorite of the three.

Critics were lukewarm toward his performance, saying his jokes on Sunday were less harsh compared to 2011, and the show suffered a slight dip in ratings. But Gervais said that to him, it was his best performance yet at the gala Hollywood event.

"It was by far my favorite of the three hosting stints. I've told my agent to never let me be persuaded to do it again though. It's like a parachute jump. You can only really enjoy it in retrospect when you realize you didn't die and it was quite an amazing thing to do," the comedian wrote on his official blog following the awards ceremony.

The "Office" comedian also thought the crowd had "finally worked out that my gags only seemed rude and nasty but were actually not too scary at all."

Gervais used his opening monologue to take jabs at actors such as Johnny Depp, Jodie Foster and Helen Mirren, pop singer Justin Bieber and reality star Kim Kardashian as well as the Golden Globes ceremony itself, calling it "just like the Oscars, but without all that esteem."

Critics felt Gervais played it safe this year compared to his caustic jokes last year about actors Robert Downey, Jr. and Charlie Sheen, with TheWrap.com's Tim Molloy saying "despite promises (Gervais) wouldn't hold back, none were as hard as the ones last year."

The comedian's much-hyped third stint hosting also failed to boost the TV audience, with the Globes drawing in 16.8 million viewers to NBC this year, a slight dip from last year's 17 million who tuned in to see Gervais's acid wit let loose.

(Reporting By Piya Sinha-Roy; Editing by Bob Tourtellotte)

(This story corrects a date typo in the second paragraph.)

Source: http://us.rd.yahoo.com/dailynews/rss/celebrity/*http%3A//news.yahoo.com/s/nm/20120117/people_nm/us_rickygervais_goldenglobes

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Wednesday, January 18, 2012

UK scraps torture inquiry while police probe Libya cases (Reuters)

LONDON (Reuters) ? Britain scrapped an inquiry into whether its security services knew about the torture of terrorism suspects overseas, because police have launched a separate investigation into whether London illegally sent detainees to Muammar Gaddafi's Libya.

Prime Minister David Cameron announced in July 2010 he was setting up an inquiry, led by retired appeals court judge Peter Gibson, to investigate whether British agents had worked with foreign security services who abused detainees.

But the inquiry was barred from examining matters that were before the police, and never formally launched hearings because it was waiting for criminal investigations to conclude.

Police announced last week that they would investigate allegations that two people had been illegally handed over to Gaddafi's Libya. Justice Minister Ken Clarke said on Wednesday this meant there was no prospect of the Gibson inquiry being able to start in the foreseeable future.

"So ... we have decided to bring the work of this inquiry to a conclusion," he told parliament.

He said the government still intended to hold an independent, judge-led inquiry into possible British collusion with torture once the police had ended their investigations.

One of the cases being investigated by British police involves Abdel Hakim Belhadj, a Libyan Islamist who became a leader of the resistance to Gaddafi and has emerged as a major figure in Libya after the former leader's downfall.

He alleges he was tortured for six years after British and U.S. agents delivered him to Libya in 2004, allegations that are deeply embarrassing to London.

"We welcome the scrapping of this inquiry," said Richard Stein from law firm Leigh Day & Co which is representing Belhadj and another Libyan man.

"It was ill-conceived from the beginning, the government reserved the right for the final say on what material would be published and did not allow for cross-examination or any other way of testing the evidence from members of the UK security services, which was to be given secretly."

Clarke said the Gibson inquiry would give the government a report on the preparatory work it had done and "as much of this report as possible" would be made public.

BOYCOTT

Human rights groups and campaigning lawyers said last year they would boycott the inquiry because it risked becoming a "whitewash."

Clare Algar, Executive Director of Reprieve, one of those groups, said it looked forward to working with the government to ensure that an inquiry with "real clout and real independence" was set up once police investigations were over.

Members of the British domestic intelligence agency MI5 and its foreign equivalent MI6 have for years faced accusations they colluded in ill treatment of detainees, often at the hands of U.S. authorities after the September 11, 2001 attacks on the United States.

The allegations have been denied by current and former heads of MI5 and MI6 and British authorities say they would never use, or encourage others to use, torture to gain information.

The Gibson inquiry was set up to examine allegations made by several Britons of Pakistani descent that they were abused in custody in Pakistan with complicity from British officials. It would also have looked at allegations of mistreatment of those held at the U.S. prison at Guantanamo Bay, Cuba.

British police and prosecutors said last week they had found insufficient evidence to bring any charges after investigating the mistreatment of former Guantanamo Bay detainee Binyam Mohamed and the alleged abuse of an unnamed individual held by U.S. authorities at Bagram Air Base in Afghanistan.

In November 2010, Britain agreed to make payments to 16 former Guantanamo Bay detainees in out-of-court settlements over allegations they were mistreated abroad with the knowledge and in some cases complicity of British security services. Britain said the payments were not an admission of culpability.

(Additional reporting by Michael Holden; Editing by Peter Graff)

Source: http://us.rd.yahoo.com/dailynews/rss/terrorism/*http%3A//news.yahoo.com/s/nm/20120118/wl_nm/us_britain_detainees

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Jolie and Pitt grace the Globes in glamorous style (AP)

Angelina Jolie and Brad Pitt fully dressed their part as a glamorous Hollywood power couple at Sunday night's Golden Globe Awards: She in a body-hugging ivory strapless gown with a flash of red at the bustline that matched perfectly her lips and handbag, and he in a classic, bow-tie tuxedo by Salvatore Ferragamo.

Otherwise, though, the red carpet at the Beverly Hilton in Beverly Hills, Calif., largely ushered in a new group of fashion stars, including Zooey Deschanel in a unique Prada dark-green halter gown with black and emerald glass pearls on the bodice and ivory pearls at the neck, and Rooney Mara, in a deep V-neck black gown with a bare, harness-style bodice. "It's a Nina Ricci and it was the first one I tried on," Mara said. "It was very comfortable."

There was a sea of soft, pretty pinkish makeup shades on dresses worn by Charlize Theron in Christian Dior Couture, Elle Macpherson in Zac Posen, Heidi Klum in Calvin Klein, Kate Beckinsale in Roberto Cavalli and Emily Watson in Giorgio Armani.

Sofia Vergara turned some heads in a navy Vera Wang gown in the mermaid silhouette that's becoming her signature. The dress was a little more fashion forward than she's worn before ? and she credits the fit. "She's like a genius now with my body," Vergara said.

Red made a statement, too, especially on Reese Witherspoon in a strapless, corset-style Zac Posen gown.

Claire Danes took a more modern turn in a graphic black-and-white J. Mendel gown with an open back, and Kate Winslet did the opposites-attract thing in a Jenny Packham gown with a black hammered silk satin bodice and ivory silk crepe skirt.

Madonna, whose style has been all over the map in her long career, went back to her rock `n' roll roots for this event in a wearing a dark green embroidered gown with cap sleeves by Reem Acra and a diamond-and-pearl cross by Neil Lane.

___

AP Writer Anthony McCartney contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/fashion/*http%3A//news.yahoo.com/s/ap/20120116/ap_en_tv/us_golden_globes_fashion

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Tuesday, January 17, 2012

S&P downgrades eurozone bailout fund to AA+ (AP)

BRUSSELS ? Rating agency Standard & Poor's said Monday it has downgraded the creditworthiness of the eurozone's rescue fund by one notch to AA+, putting the fund's ability to raise cheap bailout money at risk.

The downgrade follows ratings cuts for AAA-rated France and Austria, whose financial guarantees were key to the creditworthiness of the European Financial Stability Facility.

If replicated by other rating agencies, S&P's move complicates the eurozone's efforts to emerge from a debt crisis that has dragged on for more than two years. It also underlines how reliant states and financial firms still are on the opinion of rating agencies, despite policymakers across Europe vowing on Monday to curtail their influence.

Although the ratings cut had been expected after S&P downgraded nine euro countries on Friday, the EFSF's top official quickly moved to reassure investors.

"The downgrade to 'AA+' by only one credit agency will not reduce (the) EFSF's lending capacity of euro440 billion," Klaus Regling, the fund's chief executive officer, said in a statement. He added that the EFSF has enough money to fund the bailouts of Ireland and Portugal, as well as a second rescue for Greece that is likely to be decided in the coming weeks.

S&P had warned in December that it would cut the rating of the euro440 billion EFSF in line with the downgrades of any AAA country.

Moody's and Fitch, the two other big rating agencies, still have the EFSF at AAA, meaning that it would count as a top-notch investment for most funds. But analysts warn that further downgrades could follow soon.

Once another big agency cuts the EFSF's rating, the eurozone faces a stark choice. Either the fund starts issuing lower-rated bonds ? and accepts higher borrowing costs ? or its remaining AAA contributors increase their guarantees.

So far, Germany, the biggest of the four AAA economies in the eurozone, has ruled out boosting its commitments to the fund, and increases also appear politically difficult in the Netherlands and Finland. Luxembourg, the fourth country that S&P still awards its highest rating, is so small that its contributions have little impact.

Another option would be to accept that the EFSF can give out fewer loans.

Because of the EFSF's strange setup the bonds it issues to raise bailout money are underpinned by some euro720 billion in guarantees from the 14 eurozone countries that haven't received bailouts. But for issuing AAA-rated bonds, only AAA-guarantees count, taking the fund's lending capacity down to euro440 billion.

With the downgrades of France and Austria, the EFSF loses some euro180 billion in AAA-guarantees, leaving it with a loan capacity of just over euro260 billion. Of that, around euro40 billion have already been committed to the bailouts of Ireland and Portugal, and a new Greek rescue will quickly take more than euro100 billion out of the till.

While that would leave the eurozone with a severely diminished firewall, the lower lending capacity may not matter that much. To rescue Italy and Spain, the EFSF would need more than euro1 trillion, according to analysts, and whether the shortfall is euro900 billion or euro600 billion won't make much of a difference.

Regling said that more support was on the way from the eurozone's new, permanent rescue fund, the euro500 billion European Stability Mechanism, which is expected take over from the EFSF later this year. In contrast to the EFSF, the ESM has paid-in capital, similar to a bank, and is thus less vulnerable to rating downgrades.

Policymakers on Monday nevertheless lashed out against S&P's downgrades and promised to curtail their influence.

French President Nicolas Sarkozy, in his first public comment since France lost its AAA-rating on Friday, said the move's importance should not be exaggerated.

"We have to react to this (the French downgrade) with calm, by taking a step back," he said at a news conference in Madrid. "At the core, my conviction is that it changes nothing."

Meanwhile, Mario Draghi, president of the European Central Bank, told European lawmakers in Strasbourg, France, that banks and other financial firms should stop basing their risk assessment solely on the opinion of rating agencies.

"One needs to ask how important are these ratings for the marketplace, for the regulators and for investors," Draghi said, adding that investors should treat the agencies' judgments as just one piece of information alongside their own analyses.

The European Union is currently in the process of putting new banking rules into law that cut the reliance on risk assessments from rating agencies. It also has proposed new legislation that would force the agencies to be more transparent about how they reach their decisions and even allow investors to sue firms that misjudged ratings "intentionally or with gross negligence."

__

David McHugh in Frankfurt and Jamey Keaten in Madrid contributed to this story.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120116/ap_on_bi_ge/eu_europe_financial_crisis

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Monday, January 16, 2012

Baylor still No. 1 in AP women's basketball poll (AP)

Baylor remains the unanimous No. 1 choice in The Associated Press women's college basketball poll.

The Lady Bears received all the first-place votes Monday for the seventh straight week after routing Oklahoma State and Texas. Baylor has a challenging week ahead, visiting No. 17 Texas Tech and hosting No. 23 Kansas State. The Wildcats entered the Top 25 for the first time since the final poll of 2009 after beating then-No. 10 Texas Tech by one point.

Notre Dame, Connecticut, Stanford and Duke followed Baylor. Kentucky jumped to sixth after beating Tennessee and South Carolina. Rutgers was seventh and Maryland fell to eighth after losing at Miami for its first loss. The Lady Vols and Ohio State round out the first 10.

Penn State rejoined the poll at No. 22 after defeating Nebraska, which fell from 15th to 20th. Gonzaga and South Carolina dropped out a week after entering the Top 25.

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20120116/ap_on_sp_co_ap_po/bkw_t25_women_s_bkb_poll

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'Loosies' Star Peter Facinelli Could Swipe Your Wallet, But He Won't

Forget the Volturi. In "Twilight" star Peter Facinelli's screenwriting debut, "Loosies," the actor's traded in villainous vamps for a more real (albeit, less toothy) foe: NYPD's finest. Facinelli plays Bobby, a charismatic pickpocket who roams the New York City subway looking for hapless marks while alluding the cop whose badge he pilfered. The script took [...]

Source: http://moviesblog.mtv.com/2012/01/12/loosies-peter-facinelli-pickpocket-training/

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Sunday, January 15, 2012

S&P cuts France; more downgrades expected

Credit ratings agency Standard & Poor?s cut France?s credit rating Friday, the nation?s finance minister said. The move is part of an expected downgrade for several euro zone countries and the first blow of the new year for the troubled single currency.

Francois Baroin said S&P notified Europe?s second biggest economy Friday that its cherished triple-A rating had been cut by one notch to AA+, and most euro zone states had received notices of a change. Baroin insisted that the downgrade of the nation?s debt would not mean a change of direction for its economic policies.

?This is not a catastrophe. It?s an excellent rating. But it?s not good news,? Baroin told France 2 television, saying the government would not respond with further austerity measures.

Reuters reported earlier Friday that S&P was set to downgrade the credit ratings of several euro zone countries, among them France, Italy, Spain, Austria, Portugal and Slovakia. S&P declined to comment to msnbc.com on the reports.

Germany, the Netherlands, Finland and Ireland are among those to be spared the ratings cut, which would likely drive up borrowing costs for those affected as Europe attempts to tackle its growing debt crisis.

Eurozone slammed by downgrades, collapse of talks

Another source told Reuters that Slovakia, the euro zone's second poorest country currently rated A+ by S&P, would suffer a downgrade.

In a potentially more serious setback for the euro zone, negotiations on a debt swap by private creditors seen as key to averting a Greek default that would rock Europe and the world economy broke up without agreement in Athens, although officials said more talks are likely next week.

Reports that downgrades were on the way hit stocks, the euro and boosted demand for safe-haven U.S. government debt.

The possible downgrade comes as European leaders prepare for a summit at the end of January to tackle the expanding debt crisis.

On Wednesday, European leaders got a warning from the head of credit rating agency Fitch, that promises would not be enough. David Riley, Fitch?s head of sovereign ratings, urged the European Central Bank to ramp up its buying of troubled euro zone debt to support Italy and prevent a "cataclysmic" collapse of the euro.

Unlike their U.S. counterparts at the Federal Reserve, Europe?s central bankers have balked at buying up bad bonds in bulk, largely based on fears from influential German leaders that such a move could spark a dangerous bout of inflation. ECB bond buying is also politically unpopular with German voters, who also have opposed bailouts of Europe?s weaker, ?peripheral? economies like Greece.

More recently Italy, Europe?s third largest economy and the third biggest issuer of debt behind the U.S. and Japan, has lost investor confidence that it can manage its debt payments. That?s forced up borrowing costs, as investors demand higher interest rates to buy fresh Italian debt, adding to concerns that Rome may eventually default.

In December, S&P placed the ratings of 15 euro zone countries on credit watch negative - including those of top-rated Germany and France, the region's two biggest economies - and said "systemic stresses" were building up as credit conditions tighten in the 17-nation bloc.

Since then, the European Central Bank has flooded the banking system with cheap three-year money to avert a credit crunch.

At the time, S&P said it could also downgrade the euro zone's current bailout fund, the EFSF.

A downgrade could automatically require some investment funds to sell bonds of affected states, making those countries' borrowing costs rise still further.

"It's been priced in for several weeks, but the market had been lulled into complacency over the holidays, and the new year began with a bounce in risk appetite, thanks partly to a good Spanish auction," said Samarjit Shankar, Director Of Global Fx Strategy at BNY Mellon in Boston.

"But the Italian auction brought us back to earth and now we face the specter of further downgrades."

Italy's three-year debt costs fell below 5 percent on Friday but its first bond sale of the year failed to match the success of a Spanish auction the previous day, reflecting the heavy refinancing load Rome faces over the next three months.

The Associated Press and Reuters contributed to this report.

Source: http://www.msnbc.msn.com/id/45985510/ns/business-world_business/

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European leaders critical of S&P's debt downgrades (AP)

After Standard & Poor's downgraded the government debt of France, Italy, Spain, Austria and five other nations that use the euro, some European leaders said the move was unjustified. But most said the downgrades wouldn't severely hurt their ability to fight off the continent's debt crisis.

A look at some reactions:

FRANCE:

Speaking on France-2 Television, French Finance Minister Francois Baroin said the loss of the triple-A rating was not "a catastrophe" and underscored that France still had a solid AA+ rating.

"The United States, the world's largest economy, was downgraded over the summer," he said. "You have to be relative, you have keep your cool. It's necessary not to frighten the French people about it."

Meanwhile, with just under 100 days until the start of the French presidential election in two rounds in April and May, the opposition Socialists pounced.

Party leader Martine Aubry issued a statement saying the "loss of the AAA is a rebuke of the policies taken since 2007" ? the year Sarkozy was elected.

"Whatever one thinks of the ratings agencies, it's bad news, and even more so because the French people are going to pay the price. It could've been avoided," she wrote.

SPAIN:

An official with the Economy Ministry who spoke on condition of anonymity because of ministry policy said:

"We take note of the agency's decision. It is a legacy of the past (the administration of the former Socialist government), as well as others. The goal of this government is to recover Spain's economic growth potential so that this situation will be reversed in the near future. We reiterate that economic policy is committed to balanced budgets and structural reforms."

ITALY:

The office of Italian Prime Minister Mario Monti declined to comment.

PORTUGAL:

The Finance Ministry said there were "significant methodological shortcomings" in the S&P appraisal because it overlooked the bailed-out country's debt-reduction and economic reform efforts.

EUROZONE:

European Commission Vice President Olli Rehn said he "regrets" S&P's decision, which he deemed "inconsistent." He said the euro area has taken "decisive action in all fronts of its crisis response" to push reforms and strengthen banks.

Eurogroup President Jean-Claude Juncker stressed that governments that use the euro have already taken far-reaching measures to ease tensions in the debt markets. He said eurozone countries are determined to do "whatever it takes" to recover from the debt crisis and return to growth.

BRITAIN:

Nigel Farage, leader of Britain's U.K. Independence Party, which has no lawmakers at the House of Commons and favors withdrawal from the European Union, said the rating decision could cause the eurozone to collapse.

"This downgrade of France's credit rating will make its debt more expensive and may prove to be the beginning of the end for eurozone as we know it," Farage said.

SLOVAKIA:

"It's not a decision about Slovakia but about the situation in the eurozone. It's a pressure on the EU to effectively deal with the debt crisis," deputy Finance Minister Vladimir Tvarozka said.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120114/ap_on_bi_ge/us_europe_financial_crisis_reaction

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