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Showing posts with label current events. Show all posts
Showing posts with label current events. Show all posts

Thursday, December 15, 2011

Obama Family Photo 2011: All Smiles!

barack obama with family
Barack Obama with family
A brand new family portrait was released on the White House's Flickr feed today (yes, the White House has a Flickr -- how awesome is that?) It seems the president carved out some time to sit, relax and embrace the lovely Obama ladies for the family's second official portrait.

Like the first one, shot by Anne Leibovitz in 2009, Malia and Michelle sat together on one side and Sasha and Barack together on the other. Unlike 2009, however, this picture is all about bright color: Malia in blue, Sasha in purple and Barack in navy and pink (and this time, the president looks a tad more formal in a jacket).

While we don't (yet) know where Michelle got her black cap-sleeve dress, we're loving Malia's navy and black frock from Anthropologie (we know it must fit the tall teen perfectly, considering we tried it on last weekend and it hung well below our knees).

The whole family looks lovely and happy, leaving us with only one little objection...
News by Huffingtonpost




Thursday, December 08, 2011

UK weather: Red warning from Met Office as 100 miles per hour winds close schools in Scotland

People struggle in high winds in Glasgow (Pic: PA)



   











 Glasgow (Pic: PA)

Schools in many parts of Scotland were shut today as the country braced itself for hurricane-force winds.

Winds of up to 100mph have been forecast, with the strongest gusts expected to hit the west of Scotland and the central belt from 12pm, and from 3pm in the east, hitting rush-hour traffic.

The Government warned that travel conditions could be "dangerous" and road users may experience severe delays of several hours or more.

Key travel routes are likely to be closed and severe gales could lead police to advise against all travel, the Scottish Government said.

High waves batter the coastline at Helensburgh (Pic: PA)
High waves batter the coastline at Helensburgh (Pic: PA)

High waves batter the coastline at Helensburgh, Scotland (Pic: PA)

Although Scotland will bear the brunt of the bad weather, other parts of the UK could also be affected by strong winds.

Lindsay Dovey, a forecaster with MeteoGroup, the weather division of the Press Association, said: "There will be gusts of 100mph in north west Scotland and over high ground. "Gusts of up to 70mph are expected in northern England and north west Wales. "Across central England and East Anglia, we'll have gusts of 55 to 60mph, and up to 55mph in the south of the UK."

Strong winds and high waves batter the coastline at Blackpool (Pic: PA)
Strong winds and high waves batter the coastline at Blackpool (Pic: PA)

A couple walk along a wet and windy promenade in Blackpool (Pic: PA)
A couple walk along a wet and windy promenade in Blackpool (Pic: PA)

She said temperatures would range between 7C, in Scotland, and 13C, in the south of Britain, but added: "It will feel much colder because of the wind." All classes at Glasgow and Strathclyde universities were cancelled, affecting thousands of students. Glasgow Caledonian university was open, but asked students to take travel advice if they planned to come in. The weather also brought disruption to the country's transport network.

The Forth Bridge is expected to close after 3pm as a precaution against the high winds.
The bridge is likely to be closed to high-sided vehicles, motorcycles, pedestrians, and cars with trailers, roof boxes or caravans for much of the day. Drivers were told to "exercise extreme caution" and to check conditions before travelling.

Largs promenade is battered by winds (Pic: Getty Images)
Largs promenade is battered by winds (Pic: Getty Images)

A man walks his dog along the promenade in Largs (Pic: Getty Images)
A man walks his dog along the promenade in Largs (Pic: Getty Images)

Part of the A8 in Renfrewshire was closed between the Langbank roundabout and the Woodhall roundabout in both directions because of flooding.

ScotRail and Network Rail said speed restrictions of 50mph may be put in place from 10am today. Caledonian MacBrayne ferry services to North Uist, Harris, Mull, Islay, Gigha, Coll and Tiree, and Arran were cancelled, and other sailings severely disrupted.

Scotland's Deputy First Minister Nicola Sturgeon said: "The very latest information from the Met Office's chief forecaster shows that we can expect very severe gales, at wind speeds not seen for many years, across large parts of western, central and southern Scotland throughout Thursday.

Rough seas batter the beach in front of Central Pier in Blackpool (Pic: PA)
Rough seas batter the beach in front of Central Pier in Blackpool (Pic: PA)

"On the basis of the earlier red warning from the Met Office, some councils had already taken the precaution of closing schools early to make sure that parents can safely collect children before the most dangerous weather and travel conditions arrive.

"In light of the latest forecast, and in particular the timings which suggest the severe weather affecting the west-central part of the country earlier than originally anticipated, some of these closure timings may have to change.

"The decision is a matter for individual authorities but the warnings are of the highest level of seriousness and we are clear that safety has to be the paramount issue. "Parents should check locally through websites, local radio and with their schools to find out the specific situation with their own schools.

"All commuters are advised that if they can adjust their working pattern to reflect the latest weather and travel advice, or work from home, that would be a very sensible step to help avoid possible traffic disruption.
"The authorities are all working hard to keep Scotland moving." Dumfries and Galloway police warned of hazardous conditions throughout the area, with surface water and flooding on roads.

A spokesman said the A74 in Moffat was particularly bad, with standing water causing delays in both directions. He urged people not to drive and warned conditions will get more dangerous as the day goes on.

A car drives on a flooded road in Glasgow (Pic: PA)
A car drives on a flooded road in Glasgow (Pic: PA)

Water was also building up on the surface of the M8 between Livingston and Hermiston Gait in Edinburgh.
In Stirlingshire, the M9 was also restricted in both directions between junction 9 at Bannockburn and junction 11 at Dunblane because of surface water.

In Tayside, snow closed the Spittal of Glenshee area and flooding is being reported on the A9. ScotRail introduced speed restrictions of 50mph on all trains in case of falling trees and other debris, and damage to overhead power lines.

Steve Montgomery, ScotRail's managing director, said: "We will constantly review weather forecasts and respond accordingly. Our aim is to ensure as robust a service as possible.

"The forecasts are that the peak of the high winds will be in the afternoon and early evening. If that happens, it would be a sensible step to allow more time for journeys, to keep checking our website and where possible, leave work earlier to avoid rush hour."

Trains between Aberdeen and Inverurie, Glasgow and Dunblane, and Edinburgh and Glenrothes were cancelled, while other trains will run less frequently than usual. Glasgow Caledonian University later said it will close "all but vital services" from 12.30pm.

Flooding in Helensburgh, Scotland (Pic: PA)
Flooding in Helensburgh, Scotland (Pic: PA)

Of Scotland's 32 local authorities, Aberdeen City Council, Angus Council, Dundee City Council, Scottish Borders Council, Shetland Islands Council and Orkney Islands Council have no plans to close schools today.
All schools in nine local authorities have closed, with the rest expecting to shut their doors at 12pm.

Weather forecasters said the low pressure over the Western Isles was causing strong winds as far south as Merseyside and north Wales.

Coastal areas will be hardest hit by the westerly wind and gusts have already reached 54mph in Crosby, near Southport, and 56mph in Hawarden, Deeside.

The wind speeds are expected at peak at about 65mph or higher later today. The Highways Agency has issued an "amber alert" in north-west England, warning that the worst wind conditions can be expected in Cumbria.

Officials have closed the A66 between Scotch Corner and Penrith to high-sided vehicles. A spokesman said: "Drivers of these vehicles should seek alternative trans-Pennine routes including the A69 and M62 as well as the A65.

"The Highways Agency has set signs across the regional motorway network, including the M6 to advise drivers of the restriction." The East Coast train company said there were extended journey times on its services north of Edinburgh due to 50mph speed restrictions.

Early morning services from Hull and Harrogate began instead from Doncaster and Leeds respectively, while services north of Newcastle were being provided using diesel trains only. Some services between London and Newcastle were expected to be slower than normal due to speed restrictions.

East Coast's direct service this evening to Hull, Brough and Selby will terminate at Doncaster, while this evening's direct service to Harrogate and Horsforth will terminate at Leeds.

Services operated by the CrossCountry, First TransPennine Express and Virgin train companies were also affected by the speed restrictions as well as flooding which hit services in the Penrith area of Cumbria.

The Erskine Bridge, linking Renfrewshire and Dunbartonshire across the River Clyde, was closed as high winds hit. The Forth Road Bridge, spanning the Firth of Forth between Edinburgh and Fife, was also shut.
The A78, between Skelmorlie and Largs in Ayrshire, was also closed as the carriageway flooded.
As the winds picked up, Glasgow University decided to close until tomorrow.

A spokesman said: "The university of Glasgow has decided to close with immediate effect. The university will open as normal tomorrow, with all scheduled classes and exams going ahead as planned. Exams that were postponed today will be rescheduled for the week beginning January 9."

A number of royal engagements in Scotland and the North East have been cancelled due to the dangerous winds, said a Buckingham Palace spokesman.

The Countess of Wessex has been forced to postpone two visits in County Durham - to the town of Billingham and a meeting in Durham in connection with her role as patron of the Sunderland Association Football Club Foundation.

The spokesman said the bad weather meant her flight to the region had been cancelled but that other travel arrangements had been made and she would still take part in events later this afternoon and evening.

The Duke of Gloucester's day of engagements in Glasgow have all been cancelled and would, apart from a Christmas carol concert at Glasgow Cathedral, be moved to the New Year. The A66 which links County Durham and Cumbria was closed to all vehicles due to the high winds, police said. Roads in Weardale were subject to localised flooding as fellside streams struggled to cope with melting snow and heavy rains.

Strathclyde Police Chief Inspector Stewart Campbell said people should only travel if their journey is essential and advised them to stay indoors.

He said any essential journeys should be planned, and motorists should make sure they have warm clothes and food with them in case they get stuck.

The travel warning stretched across the central belt, from Strathclyde to Lothian and Borders, and also applies to pedestrians who may be at risk of being hit by objects blown by high winds.

Central Scotland Police Assistant Chief Constable Allan Moffat said: "The advice for motorists across the central belt of Scotland is to avoid travel as the severe weather moves across the country from west to east, starting around noon on the west side of the country. It is expected that the impact of the weather will affect the east side of the country from 2pm onwards.

"This advice to avoid travel is not given lightly but is based on the clearest information yet from weather forecasters that there will be high winds with gusts of up to 90mph.

"The time frame for these exceptional conditions is between noon and 7pm and I am being given clear information that a wide area of Scotland will be affected. People could be putting themselves at considerable risk by travelling in these conditions.

"The predicted impact of the wind is such that it may cause structural damage and is a specific danger to high-sided road vehicles. I would ask the public to pay close attention to weather and road updates and act accordingly to the advice given.

"I recognise that this is a significant statement, however it is based upon the premise of ensuring public safety and minimising the risk to road users in the affected areas."


News by Mirror

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Wednesday, November 30, 2011

Wall St. rallies on central banks' help for Europe

central bank
Central Bank
(Reuters) - Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis.

The Dow posted its best day since March 2009 after the Federal Reserve, the European Central Bank and other major central banks stepped in to head off escalating funding pressures that threaten the key arteries of the world's financial system.

The S&P 500 scored its best daily percentage gain since August.

The central banks' liquidity move touched off a buying frenzy in financial shares. The S&P financial sector index gained 6.6 percent, with Bank of America the most actively traded stock. The stock jumped 7.3 percent to $5.44 on more than 420 million shares traded.

The drama in Europe kept the U.S. stock market on a roller-coaster ride throughout the month. For November, the S&P ended down just 0.5 percent, but the month was marked by sharp daily swings.

"You don't have to fix everything, you have to be on a path towards fixing things," said Tobias Levkovich, chief U.S. equity strategist at Citigroup in New York.

"Markets will reward you for the efforts you are making as long as you are moving in the right direction. It's the carrot and the stick; you get rewarded when you do the right thing, and you get punished when you do the wrong thing."

The Dow Jones industrial average shot up 490.05 points, or 4.24 percent, to end at 12,045.68. The Standard & Poor's 500 Index jumped 51.77 points, or 4.33 percent, to 1,246.96. The Nasdaq Composite Index soared 104.83 points, or 4.17 percent, to close at 2,620.34.

The Dow scored its largest daily gain -- in terms of points and percentage -- since March 23, 2009.

The S&P 500 posted its best daily percentage advance since August 11.

For the month, the Dow gained 0.8 percent, while the Nasdaq slid 2.4 percent.

Other economically sensitive sectors, including energy, materials and industrials, also were strong performers for the day.

Copper and oil futures rose sharply, while the S&P materials sector index jumped 5.9 percent.

The central banks' actions were intended to ensure that European banks, facing a credit crunch, have enough funding amid the euro zone's worsening sovereign debt crisis.

The moves followed an unexpected cut in bank reserve requirements in China, intended to boost an economy running at its weakest pace since 2009.

Among the banks, shares of JPMorgan Chase & Co gained 8.4 percent to $30.97, its biggest daily percentage gain since May 2009.

The gains in financial shares came despite Standard & Poor's move to cut the credit ratings of 15 big banks, mostly in Europe and the United States, late on Tuesday.

Further encouraging investors, the latest U.S. data suggested the U.S. economy was moving more solidly toward recovery. The U.S. private sector added the most jobs in nearly a year in November, while business activity in the U.S. Midwest grew faster than expected in November.

The day's volume was high, with nearly 10 billion shares changing hands during the day on U.S. exchanges compared with the daily average of 7.96 billion shares.

Advancers beat decliners on the NYSE by nearly 7 to 1 and on the Nasdaq, by about 5 to 1.

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Friday, November 25, 2011

Euro loses vs dollar for fourth straight week

euro
Euro VS Dollar
(Reuters) - The euro fell to its lowest in more than seven weeks against the U.S. dollar on Friday and was poised to weaken further after a disappointing Italian bond auction stoked fears the euro zone crisis was deepening.

Italy paid a record 6.5 percent to borrow money over six months on Friday and its longer-term funding costs soared far above levels that are seen as sustainable. The rise in borrowing costs came even as the European Central Bank bought bonds in the secondary market.

Standard & Poor's added to those worries after the rating agency lowered Belgium's rating by a notch to AA and placed its credit outlook on negative.

Signs the euro zone debt crisis was threatening the region's biggest economies such as France and Germany have raised fears of a breakup of the 17-member currency bloc. Policymakers remained in disagreement over how to resolve the crisis, with Germany opposed to joint euro zone bonds and a bigger role for the ECB.

"There appears to be no credible plan in sight to solve the euro zone debt crisis. It shows that there are legs to the market view that the euro zone might be dismantled," said Joe Manimbo, senior market analyst at Travelex Global Payments in Washington.

The euro fell 0.9 percent to $1.3226, having dropped as low as $1.3210, its lowest since October 4, according to Reuters data.

The U.S. Labor Department's monthly jobs data is due next Friday and if they fall short of expectations, the euro should retrace its four straight weeks of decline against the greenback.

"If we get a negative surprise, that could make the dollar vulnerable," Manimbo said.

Key support for the euro lies around $1.3144, the euro's October low, followed by $1.3045, the 61.8 percent retracement of its 2010-2011 rally.

The euro lost 2.1 percent this week after poor demand at a German bond auction on Wednesday.

Bidding for Italian debt was also lackluster on Friday. Italy's two-year yield rose to a euro-era high above 8 percent and 10-year yields traded above 7 percent, a level that is seen as unsustainable.

"The Italian auction was a disgrace this morning, It was worse than what the market had expected," said Thomas Molly, chief dealer at FX Solutions at Saddle River, New Jersey.

Belgian bonds also succumbed to pressure ahead of auctions next week. The 10-year Belgian government note yield edged up to 5.89 percent on Friday, up 3 basis points on the day and up almost 100 basis points on the week.

Strains in the money market for euro zone banks added to investor concerns. The euro/dollar one-year cross currency basis swap, which widens when lenders charge more for swapping euro interest payments on an underlying asset into dollars, was at minus 104 basis points -- close to expensive levels of minus 115 basis points in late 2008.

SWISS FRANC TUMBLES

The dollar rose versus a currency basket to its highest since early October at 79.702 .DXY as investors raised their holdings of the U.S. currency, undercutting the bids for Swiss franc.

"Unless we see firm action from European authorities, the market is betting the worst is about to happen and the dollar is therefore well bid on demand for liquidity," said Jane Foley, currency strategist at Rabobank.

Against the yen, the dollar rose 0.9 percent to 77.74 after hitting a two-week high of 77.79, according to Reuters data.

The euro hit a seven-week low of 102.46 yen based on Reuters data, before rebounding to 102.90, flat on the day.

The Swiss franc tumbled against the dollar and euro on speculation the Swiss National Bank may raise the ceiling on euro/Swiss franc from the current 1.20 level.

The dollar last traded up 1.2 percent at 0.9308 Swiss franc after approaching an 8-month high at 0.9330. It was on track for a gain of 1.3 percent this week, its fourth straight weekly advance.

The euro rose 0.4 percent to 1.2315 francs, after hitting a session high of 1.2380.

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Sunday, November 20, 2011

At least Two killed, hundreds hurt in Egypt protest clashes

egypt
Clash in Egypt
(Reuters) - Protesters demanding an end to army rule and angered by rough police tactics battled with police on Sunday, presenting Egypt's ruling generals with their biggest security challenge yet, a week before parliamentary elections.

Two people were killed and hundreds wounded in clashes on Saturday night reminiscent of some of the worst violence during the 18-day uprising that toppled Hosni Mubarak in February.

Youths in Cairo chanted "The people want to topple the regime" as they rushed at police, who fired rubber bullets and teargas. Protesters clashed with police in two other cities.

Egypt holds its first parliamentary election since Mubarak's overthrow in a staggered vote that starts on November 28. Many Egyptians are worried that police will not be able to secure the polls, although the army insists that it can.

Presidential powers remain with the army after the vote. A row has erupted between political groups and the army-picked cabinet over ground rules for drafting the constitution that could leave the military free of civilian control. Parliament is to pick the assembly to draw up the constitution.

There was sporadic violence on Sunday after the worst overnight clashes subsided. More than 5,000 protesters were still gathered in Tahrir on Sunday afternoon, many saying they would not to leave until their demands were met.

Demonstrators wore masks to protect against teargas and showed off spent gas canisters and bullet casings. Metal barricades had been set up on approach roads to Tahrir Square, where Egyptians gathered to bring down Mubarak.

Many Egyptians are angry that nine-months after ousting Mubarak, the army remains in charge and police are still using the same heavy-handed tactics against demonstrators.

"DO NOT LEAVE THE SQUARE"

"We are on the brink of danger. Those asking for the government to fall are asking for the state to fall," Egyptian army General Mohsen Fangary told a television channel.

He said the election would go ahead on time and the army and Interior Ministry would maintain security. He also said the army, in line with a timetable previously announced, aimed to return to barracks by the end of 2012. Presidential elections could be held by then.

The army-backed cabinet had outraged many Egyptians by presenting proposals for the new constitution that would have shielded the army's budget from civilian oversight and given it a broad national security remit.

It had amended the proposals to give civilian powers more say but not enough to prevent Friday's protest.

After a cabinet meeting on Sunday, Deputy Prime Minister Ali al-Silmi said: "We will not back down from the last proposed amendments to the constitutional document."

As police fired round after round of teargas at protesters near the Interior Ministry, closer to Tahrir the demonstrators laid sheets of metal to block roads into the square.

"I tell you, do not leave the square. This square will lead the way from now on," presidential candidate Hazem Salah Abu Ismail, a hardline Islamist, told a group of protesters early on Sunday. "Tomorrow the whole of Egypt will follow your lead."

During Saturday's clashes, protesters broke chunks of cement from pavements and hurled them at police.

"We don't expect anything from the military council, they will ignore us like what used to happen during Mubarak's days," said Abdallah Belal, a 21-year-old student in Tahrir.

The state news agency quoted the Health Ministry as saying 942 people had been wounded and two people were killed. It said a man, 23, was killed in Cairo by a gunshot to the chest and a man in the second city Alexandria had a gunshot to the head.

A security official said police had not used live rounds and had used lawful methods to deal with "troublemakers." The army stayed away from fighting.

The army won popular backing during Mubarak's overthrow for maintaining order and pledging to hand power to an elected government, but support has ebbed over its use of military trials for civilians and suspicion that it wants to continue to wield the levers of power after a new government is sworn in.

PROTEST AT POLICE


About 5,000 protesters had converged on Tahrir on Saturday afternoon when police tried to evict the remnants of a 50,000-strong demonstration a day earlier, mostly by Islamists demanding the departure of the military.

Police beat the protesters, most of them not Islamists, with batons and fired teargas to regain control of the square, only to retreat after night fell.

Protests erupted in other cities. About 800 people gathered in front of the security directorate in Alexandria, chanting: "Interior Ministry officials are thugs."

About 1,000 gathered outside a police station in the eastern city of Suez, site of some of the worst violence in the uprising. They threw stones at it and tried to force their way in. Police fired teargas and shot in the air.

Liberal groups are dismayed by the military trials of thousands of civilians and the army's failure to scrap a hated emergency law. Islamists eyeing a strong showing in the next parliament suspect the army wants to curtail their influence.

Analysts say Islamists could win 40 percent of parliamentary seats, with a big portion going to the Muslim Brotherhood.

"We are not political parties and we hate the Brotherhood who gave up on the revolution and the people," Medhat Fawzy said. "We are Egyptian youth," he said, flashing a victory sign.

The liberal April 6 Youth movement said the interior minister should quit for ordering the use of force against a peaceful protest.

Friday's rally appeared to be the biggest Islamist challenge to military rule since the largely secular uprising that toppled Mubarak. The demonstrators were mainly Brotherhood members and their harder-line Salafi rivals.

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Wednesday, November 09, 2011

EBook: The Japanese Rakuten buys Canadian Kobo

kobo
kobo
AFP - The manager of the largest Japanese online shopping mall, Rakuten, announced Wednesday the acquisition for $ 315 million (228 million) of Canadian society Kobo reading lights that provides electronic and digital books to sites of booksellers. Rakuten, which just opened in Japan's own virtual library "Raboo" ready, subject to regulatory approvals, to purchase and pay in cash 100% stake in Kobo, to expand its international presence considered promising in this area.

This acquisition marks a new stage for Rakuten, which extends its branches abroad. Kobo is a number of digital books in Canada. The company offers reading terminals enriched with attractive features (links to social networking sites Twitter and Facebook) and boasts a catalog of 2.5 million book titles, mainly in English. Founded in 2009 by Canadian bookseller Indigo, Kobo presents itself as one of the few companies in the sector to be able to resist the giant Amazon, through its partnerships with various distributors in the world, including Fnac in France.

For the founder and CEO of Rakuten, Hiroshi Mikitani, "Kobo provides reading experiences with the most community integration of social media, while Rakuten Kobo offers unique opportunities to grow." "This transaction will greatly strengthen our position in existing markets and will allow us to diversify rapidly in other countries and other types of e-commerce", for its part welcomed the Director General of Kobo, Michael Serbin , said in a statement released in North America. The French retailer Fnac cultural products has recently announced the launch of Kobo reading lights in France, which are already offered by foreign chains Wal-Mart, Best Buy, Target, Future Shop, WHSmith, and Collins Booksellers Whitcoulls?

Through its subsidiaries in various countries, claims to offer Kobo Rakuten an even broader international presence in Germany, Brazil, Taiwan, China, Thailand, Indonesia, and of course, in Japan, where its service Raboo (short Book of Rakuten) is already compatible with a special reading light, and soon Panasonic models with Sony Reader. Rakuten aims to build on its reputation and experience in selling products and services via the Internet and adapt its proven very lucrative for content immaterial. For the first nine months of fiscal 2011, Rakuten has certainly deplored a loss, but this disappointment is due to an exceptional charge related to the restructuring of a business credit card, while the purely operational it posted record sales and profits.

The group, which takes advantage of the historical force of the Japanese currency, launched a major offensive abroad where he buys companies with a vengeance. He announced the acquisition in September, to 25 million pounds (29 million), the British company that manages Play Holdings one of the most important platforms for electronic commerce in Britain. In July, Rakuten had put his hand on the mall Tradoria, one of the largest in Germany, a year after taking the French company.



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