News Summary: DuPont 4Q earnings sink, beats view






BIG DECLINE: Soft demand for a key industrial pigment and solar energy products, coupled with increased spending on growth initiatives, led to a sharp drop in the DuPont Co.‘s fourth-quarter income. But the results beat Wall Street’s expectations.


LOOKING AHEAD: DuPont chairwoman and CEO Ellen Kullman said the company is stronger than it was a year ago, having recorded nearly 2,300 new product introductions in 2012, an increase of 30 percent.






STOMPING WEEDS: One-time items included $ 135 million to resolve legal claims stemming from the use of DuPont‘s Imprelis weedkiller on trees such as Norway spruces and white pines. It has now spent $ 750 million on Imprelis claims. CFO Nick Fanandakis said DuPont wants “to bring closure to this as soon as possible.”


Energy News Headlines – Yahoo! News





Title Post: News Summary: DuPont 4Q earnings sink, beats view
Url Post: http://www.news.fluser.com/news-summary-dupont-4q-earnings-sink-beats-view/
Link To Post : News Summary: DuPont 4Q earnings sink, beats view
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Defterios: What keeps Davos relevant






STORY HIGHLIGHTS


  • Since the late 20th Century, the ski resort of Davos has been synonymous with the World Economic Forum

  • Defterios: I first came to Davos as a relatively junior correspondent, two months after the Berlin Wall fell

  • Fall of Communism, China's opening, removal of apartheid in South Africa unfolded in the 90s


  • It's the inter-play between geo-politics and business is what keeps the forum relevant




Davos (CNN) -- Veterans of Davos often refer to nature's awe-inspiring work as the Magic Mountain.


The name comes from an early 20th century novel by Thomas Mann -- reflecting on life in an alpine health retreat, and the mystery of time in this breath-taking setting.


Read more from John Defterios: Why Egypt's transition is so painful


Since the late 20th century, this ski resort has been synonymous with the World Economic Forum, which represents networking on its grandest scale.


This year nearly 40 world leaders -- a record for this annual meeting -- 2000 plus executives and it seems an equal number of people in the media, like yours truly, are in pursuit of them all. The setting is certainly more chaotic then a decade ago. The agendas of the Fortune 500 chief executives are to filled with bi-lateral meetings and back door briefings to allow for the spontaneity that made this venue unique.











Davos gets ready for leaders' gathering











HIDE CAPTION









I first came to Davos as a relatively junior correspondent in 1990, two months after the fall of the Berlin Wall. It was arguably then, after nearly two decades in the conference business, when the forum became a fixture on the global calendar.


Quest: U.S. economy to dominate Davos 2013


I can remember, quite vividly, working out of a bunker (like we do today) in the Davos Congress Centre. West German Chancellor Helmut Kohl sat side-by-side with his East German counterpart Hans Modrow. That meeting before the global community helped set the stage for monetary union, a huge unification fund for what became Eastern Germany and shortly thereafter German elections.


The early 90s at Davos were dominated by European reconstruction after the fall of communism. Former party bosses came to the forum to convince business leaders that a transition to market economics could be delivered. Boris Yeltsin made his Davos appearance during that chaotic transition from the USSR to today's Russia.


Davos 2013: New year, same old problems?


In 1992, Chinese Premier Li Peng used the setting here in the Alps to articulate plans for the country's economic opening up to the world. Not by chance, the architect of Washington's engagement with Beijing, the former U.S. Secretary of State Henry Kissinger also took a high profile that year.



Again only two years later in 1994, Yasser Arafat and Shimon Peres walked hand in hand on stage, holding a public dialogue leading up to the creation and recognition of the Palestinian Authority.


The World Economic Forum, as the saying goes, was positioned to be in the right place at the right time. While the author of the Magic Mountain talked about the complexity of time around World War I, in the 1990s time was compressed here.


The fall of communism, the lowering of global trade barriers, the opening up of China, the removal of apartheid in South Africa and the proliferation of the internet all unfolded in that decade.


Interactive: How's your economic mood?


As those events came together, so too did the major players as they made the journey to Davos. Michael Bloomberg, evolving as a global name in financial data and now the Mayor of New York City, sat alongside Microsoft CEO Bill Gates. U.S. President Bill Clinton outlined his party's historic move to the political center before a packed audience of global business executives.


To spice things up, rock stars and actors, as they became activists, chose the Davos platform: Bono, Richard Gere, Sharon Stone, Brad and Angelina would have the wealthiest and most powerful corporate titans freeze in their tracks.


Earlier this week, I walked into the main plenary hall as workers put the final touches on the stage and lighting. It is a venue which has welcomed countless political leaders and business executives, during internet booms and banking busts, in the midst of a Middle East crisis and even during the lead up to two Gulf Wars.


But that inter-play between geo-politics and business -- during the best and worst of times -- is what keeps the forum relevant. It allows this setting at the base of the Magic Mountain to endure and recreate something unique during what Mann rightly described as the ongoing complexity of our times.







Read More..

Pearl Jam at Wrigley Field? It's 'looking good'













Pearl Jam


Pearl Jam
(January 22, 2013)


























































As hints go, Pearl Jam and the Cubs aren't being very subtle about the possibility of the iconic band playing a concert at Wrigley Field in 2013. At the band's website, there is a note telling fans to "stay tuned," with prompts to follow the band on Twitter (@pearljam).


Later Tuesday afternoon, both the Cubs and Pearl Jam Tweeted pictures of the field at Wrigley, with a full concert setup. The band's Tweet, featuring the "stay tuned" hashtag, also included a "looking good" reference to the Wrigley image.


But wait ... there’s more.





The Cubs are also playing a role in the suspense, sending out a Tweet that included "Ten," and a repeat of the "stay tuned" hashtag, as reported by RedEye. There was also a link to a photo of a Ron Santo Cubs jersey (No. 10), the parallel being that “Ten” is also the title of Pearl Jam’s first album.


RedEye reports that a Cubs spokesperson, via e-mail, noted that no further information could be provided regarding the hints and images at this time. But a date around mid-September is a possibility, according to Tribune critic Greg Kot.






Read More..

Netanyahu claims election win despite losses


JERUSALEM (Reuters) - Hawkish Prime Minister Benjamin Netanyahu emerged the bruised winner of Israel's election on Tuesday, claiming victory despite unexpected losses to resurgent center-left challengers.


Exit polls showed the Israeli leader's Likud party, yoked with the ultra-nationalist Yisrael Beitenu group, would still be the biggest bloc in the 120-member assembly with 31 seats, 11 fewer than the 42 they held in the previous parliament.


If the exit polls compiled by three local broadcasters prove correct - and they normally do in Israel - Netanyahu would be on course for a third term in office, perhaps leading a hardline coalition that would promote Jewish settlement on occupied land.


But his weakened showing in an election he himself called earlier than necessary could complicate the struggle to forge an alliance with a stable majority in parliament.


The 63-year-old Israeli leader promised during his election campaign to focus on tackling Iran's nuclear ambitions if he won, shunting Palestinian peacemaking well down the agenda despite Western concern to keep the quest for a solution alive.


The projections showed right-wing parties with a combined strength of 61-62 seats against 58-59 for the center-left.


"According to the exit poll results, it is clear that Israel's citizens have decided that they want me to continue in the job of prime minister of Israel and to form as broad a government as possible," Netanyahu wrote on his Facebook page.


The centrist Yesh Atid (There is a Future) party, led by former television talk show host Yair Lapid, came second with 18 or 19 seats, exit polls showed - a stunning result for a newcomer to politics in a field of 32 contending parties.


Lapid won support amongst middle-class, secular voters by promising to resolve a growing housing shortage, abolish military draft exemptions for Jewish seminary students and seek an overhaul of the failing education system.


The once dominant Labour party led by Shelly Yachimovich was projected to take third place with 17 seats.


"YESH ATID SWEEP"


The mood was subdued at Netanyahu's Likud party election headquarters after the polls closed, with only a few hundred supporters in a venue that could house thousands.


"We anticipated we would lose some votes to Lapid, but not to this extent. This was a Yesh Atid sweep," Likud campaign adviser Ronen Moshe told Reuters.


A prominent Likud lawmaker, Danny Danon, told CNN: "We will reach out to everybody who is willing to join our government, mainly the center party of Yair Lapid."


If the prime minister can tempt Lapid to join a coalition, the ultra-Orthodox religious parties who often hold the balance of power in parliament might lose some of their leverage.


After a lacklustre campaign, Israelis voted in droves on a sunny winter day, registering a turnout of 66.6 percent, the highest since 2003. That buoyed center-left parties which had pinned their hopes on energizing an army of undecided voters against Netanyahu and his nationalist-religious allies.


Opinion polls before the election had predicted an easy win for Netanyahu, although the last ones suggested he would lose some votes to the Jewish Home party, which opposes a Palestinian state and advocates annexing chunks of the occupied West Bank.


The exit polls projected 12 seats for Jewish Home.


Full election results are due by Wednesday morning and official ones will be announced on January 30. After that, President Shimon Peres is likely to ask Netanyahu, as leader of the biggest bloc in parliament, to try to form a government.


The former commando has traditionally looked to religious, conservative parties for backing and is widely expected to seek out self-made millionaire Naftali Bennett, who heads the Jewish Home party and stole much of the limelight during the campaign.


But Netanyahu might, as Danon suggested, try to include more moderate parties to assuage Western concerns about Israel's increasingly hardline approach to the Palestinians.


WESTERN ANXIETY


British Foreign Secretary William Hague warned Israel on Tuesday it was losing international support, saying prospects for a two-state solution to the Israeli-Palestinian conflict were almost dead because of expanding Jewish settlements.


U.S.-brokered peace talks broke down in 2010 amid mutual acrimony. Since then Israel has accelerated construction in the West Bank and east Jerusalem - land the Palestinians want for their future state - much to the anger of Western partners.


Netanyahu's relations with U.S. President Barack Obama have been notably tense and Martin Indyk, a former U.S. ambassador to Israel, told the BBC the election was unlikely to change that.


"President Obama doesn't have high expectations that there's going to be a government in Israel committed to making peace and is capable of the kind of very difficult and painful concessions that would be needed to achieve a two-state solution," he said.


Tuesday's vote is the first in Israel since Arab uprisings swept the region two years ago, reshaping the Middle East.


Netanyahu, who had a first term as premier in the late 1990s, has said the turbulence, which has brought Islamist governments to power in several countries long ruled by secularist autocrats, including neighboring Egypt, shows the importance of strengthening national security.


He views Iran's nuclear program as a mortal threat to the Jewish state and has vowed not to let Tehran enrich enough uranium to make a single nuclear bomb - a threshold Israeli experts say could arrive as early as mid-2013.


Iran denies it is planning to build the bomb, and says Israel, widely believed to have the only nuclear arsenal in the Middle East, is the biggest threat to the region.


The issue barely registered during the election campaign, with a poll in Haaretz newspaper on Friday saying 47 percent of Israelis thought social and economic issues were the most pressing concern, against just 10 percent who cited Iran.


One of the first problems to face the next government, which is unlikely to take power before the middle of next month at the earliest, is the stuttering economy.


Data last week showed the budget deficit rose to 4.2 percent of gross domestic product in 2012, double the original estimate, meaning spending cuts and tax hikes look certain.


(Reporting by Jerusalem bureau; Editing by Alastair Macdonald)



Read More..

European shares test two-year highs, yen volatile before BOJ

LONDON (Reuters) - European shares inched towards two-year highs on Monday, as a political attempt to break a budget impasse in the United States and expectations of aggressive Japanese stimulus bolstered the appetite for shares.


U.S. House Republican leaders said on Friday they would seek to pass a three-month extension of federal borrowing authority in the coming days to buy time for the Democrat-controlled Senate to pass a plan to shrink budget deficits.


European shares <.fteu3> were supported by the news <.eu>, but with no clear response from the Democrats and a thin session expected due to a market holiday in the United States, the impact on assets such as bonds and commodities was limited.


By 1500 GMT London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were up 0.4 to 0.6 percent, leaving the pan-European FTSEurofirst 300 within touching distance of a two-year high and MSCI's world index <.miwd00000pus> steady at a 20-month high. <.l><.eu/>


Expectations that the Bank of Japan will deliver a bold monetary easing plan at the end of its two-day meeting on Tuesday also supported shares and created choppy conditions in the currency market.


According to sources familiar with the BoJ's thinking, the government of new Prime Minister Shinzo Abe and the central bank have agreed to set 2 percent inflation as a new target, supplanting a softer 1 percent 'goal'.


The yen, which has fallen 13 percent against the dollar over the last two months as the shift in Japanese policy has taken shape, touched a new 2-1/2 year low in early trading but then firmed as traders cut short positions given the BOJ has often fallen short of market expectations.


"Investors are being mindful that the moves we have seen over the course of the last month or two are just worth locking in at least until we understand how the BOJ are really going to play in the future," said Jeremy Stretch, head of currency strategy at CIBC World Markets.


CURRENCY WARS


Japanese equities have surged in recent weeks in anticipation of a more aggressive monetary policy stance, but not everyone is happy.


The slump in the yen has prompted Russia's deputy central bank governor to warn of a new round of 'currency wars' and the medium-term risk of running ultra-loose monetary policies is likely to be a theme of the World Economic Forum in Davos, which opens on Wednesday.


With little in the way of economic data or debt issuance and U.S. markets shut for the Martin Luther King public holiday, the rest of the day was expected to be a fairly quiet for investors.


As the first European finance ministers' meeting of the year got under way, most euro zone government bonds were trading virtually flat and the euro was steady at $1.3316.


Market pressure on Europe is now less intense thanks to the European Central Bank's promise to prevent a collapse of the euro. Policymakers are set to discuss Cyprus's plight and plans for the euro zone's bailout fund to directly recapitalize banks.


French Finance Minister Pierre Moscovici said as he arrived at the Brussels meeting that a proper recapitalization strategy was very important.


"Negotiations will be complex, and a final decision is unlikely to emerge soon. Risks for sovereign spreads in the periphery should be limited, but we have some concerns that the long-term solution may fall short of what a real banking union needs," said UniCredit economist Marco Valli.


POLITICAL GAME


The efforts by Republican lawmakers to give the U.S. government leeway to pay its bills for another three months dented demand for safe haven assets and pushed German government bond yields near the top of this year's range.


The U.S. Treasury needs congressional authorization to raise the current $16.4 trillion limit on U.S. debt sometime between mid-February and early March. A failure to achieve that could lead to a debt default.


"This is part of the political game, it remains to be seen whether the Democrats will accept it," KBC strategist Piet Lammens said, adding that investors' working scenario was that a solution to raise the ceiling would be eventually found anyway.


One of the key factors that drove 2-year German yields higher last week was also the prospect of sizeable early repayments of the 1 trillion euros euro zone banks took from the ECB roughly a year ago.


The central bank will publish on Friday how much banks plan to return at the optional first repayment date on January 30. A Reuters poll on Monday showed around 100 billion euros are expected to be repaid although some predict it could be as high as 250 billion.


OIL OVERSUPPLY


German markets showed no reaction after the country's center-left opposition party edged Chancellor Angela Merkel's conservatives from power in a regional election on Sunday, reviving its flagging hopes for September's national election.


The Bundesbank's latest report delivered an upbeat message on the country's economy, saying a recent slump should be short-lived and may have already bottomed out.


Oil prices took their cues from a report in the United States at the end of last week that showed consumer sentiment at its weakest in a year as a result of the uncertainty surrounding the country's debt crisis.


Concerns about demand overshadowed supply disruption fears reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria, a member of the Organization of Petroleum Exporting Countries.


Brent futures were down by 40 cents to $111.47 per barrel by mid-afternoon. U.S. crude shed 43 cents to $95.13 per barrel after touching a four-month high last week.


"The over-riding fundamental feeling in the market is that crude oil is over-supplied in 2013," said Tony Nunan, an oil risk manager at Mitsubishi.


Last week's data showing a pick-up in the Chinese economy helped keep growth-sensitive copper prices steady at roughly $8,056 an ounce. Gold, meanwhile, reversed Friday's losses to stand at $1,688 an ounce.


(Additional reporting by Sudip Kar-Gupta, Marious Zaharia and Anooja Debnath; Editing by Peter Graff)



Read More..

Jim, John Harbaugh ready for rematch at Super Bowl


SANTA CLARA, Calif. (AP) — Jim and John Harbaugh have exchanged a handful of text messages, and plan to leave it at that. No phone conversations necessary while the season's still going. No time for pleasantries, even for the friendly siblings.


There is work to be done to prepare for the Super Bowl, prepare for each other, prepare for a history-making day already being widely hyped as "Harbowl" or "Superbaugh" depending which nickname you prefer.


"It doesn't matter who the coach is, what relationship you have with the person on the other side," 49ers coach Jim Harbaugh said so matter-of-factly Monday afternoon.


Their parents sure aren't picking sides for the Feb. 3 matchup in New Orleans.


These days, the Harbaughs' longtime coaching father, Jack, stays away from game-planning chatter or strategy sessions with his Super Bowl-bound coaching sons. Baltimore's John Harbaugh and little brother Jim have been doing this long enough now to no longer need dad's input.


Yet, they still regularly seek it. And, their father does offer one basic mantra: "Get ahead, stay ahead."


"Probably the greatest advice that I've ever been given and the only advice that I've ever found to be true in all of coaching, I think we mentioned it to both John and Jim ... the coaching advice is, 'Get ahead, stay ahead,'" Jack Harbaugh said.


"If I'm called upon, I'll repeat that same message."


His boys still call home regularly to check in with the man who turned both on to the coaching profession years ago, and the mother who has handled everything behind the scenes for decades in a highly competitive, sports-crazed family — with all the routine sports clichés to show for it.


The Harbaugh brothers will become the first siblings to square off from opposite sidelines when their teams play for the NFL championship at the Superdome.


Not that they're too keen on playing up the storyline that has no chance of going away as hard as they try.


"Well, I think it's a blessing and a curse," Jim Harbaugh said Monday. "A blessing because that is my brother's team. And, also, personally I played for the Ravens. Great respect for their organization. ... The curse part would be the talk of two brothers playing in the Super Bowl and what that takes away from the players that are in the game. Every moment that you're talking about myself or John, that's less time that the players are going to be talked about."


Both men love history, just not the kind with them making it.


"I like reading a lot of history ... I guess it's pretty neat," John Harbaugh offered Monday. "But is it really going to be written about? It's not exactly like Churchill and Roosevelt or anything. It's pretty cool, but that's as far as it goes."


Nice try, guys.


John watched the end of Jim's game from the field in Foxborough, Mass., as Baltimore warmed up for the AFC championship game. Jim called his sister's family from the team plane before takeoff after a win at Atlanta and asked how his big brother's team was doing against New England.


The improbable Super Bowl features a set of brothers known around the NFL as fierce competitors unafraid to make a bold move during the season. Unafraid to upset anyone who stands in their way.


In fact, each one made a major change midseason to get this far — John fired his offensive coordinator, while Jim boosted his offense with a quarterback switch from Alex Smith to Colin Kaepernick.


Leading up to Sunday's games, parents Jack and Jackie said they would wait to decide whether to travel to New Orleans if both teams advanced or stick to what has been working so well — watching from the comfort of their couch in Mequon, Wis.


"We enjoy it very much. We get down in our basement, turn on the television and just have a fantastic day watching outstanding football," Jack said last week. "We share our misery with no one but ourselves. Not only the misery, but the ups and downs, the ins and outs of an outstanding professional game."


And, no, the Harbaughs weren't looking ahead to a potential big trip to the Big Easy.


Jack insists his wife is quick to pull out that old sports cliche: "It's one game at a time. I think it's very appropriate," he said.


Jim figures they won't possibly miss this history-making game.


"I think they'll be there," he said with a smile.


The brothers, separated in age by 15 months, have taken different paths to football's biggest stage — years after their intense games of knee football at the family home. They tried to beat each other at cards, or whatever other game it was at the time. Sometimes, they tried to beat each other up. Sister, Joani Crean, often got in on the fun, too.


The 49-year-old Jim never reached a Super Bowl, falling a last-gasp pass short during a 15-year NFL career as a quarterback. The 50-year-old John never played in the NFL.


Still, both will tell you, "Who's got it better than us? No-body!" — one catchphrase they got from their dad.


"We can't put into words what it means to see John and Jim achieve this incredible milestone," their brother-in-law, Indiana basketball coach Tom Crean, said on Twitter. "We talked to Jim (before) his team plane left. All he wanted to know was how was John doing? How were they playing? One incredible family who puts the care, well-being and love for each other at the forefront like most families do. Again, we are very proud of them. Going to be exciting to watch it unfold."


John worked his way up from the bottom of the coaching ranks, while Jim was the star college quarterback at Michigan, a first-round draft pick and eventual Pro Bowler who made coaching his career once he retired.


John already has the one-up, while Jim's team is the early favorite. John's Ravens beat the 49ers 16-6 on Thanksgiving night 2011, in Jim's rookie season as an NFL coach — though both know that means nothing now.


"I just want everybody to know, that was a four-day deal and every story has been told," John said. "We're not that interesting. There's nothing more to learn. The tape across the middle of the room story, OK, you got it? It's OK. It was just like any other family, really. I really hope the focus is not so much on that. We get it, it's really cool and it's exciting and all that."


Said Jim, "Completely new business."


In spite of his efforts to avoid the topic, Jim did take the opportunity to express how proud he is of John.


"He's a great football coach, a real grasp of all phases — offense, defense, special teams. I think he could coordinate at least two of those phases and do it as well as anyone in the league," Jim said. "I've got half the amount of coaching experience he does. Again, it's not about us. I keep coming back to that. I'm really proud of my brother. I love him. That's the blessing part, that this is happening to him."


And, fittingly for the big brother, John feels the exact same way.


___


AP Sports Writer Dave Ginsburg in Baltimore contributed to this story.


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


Read More..

As Canada warms up, more extreme weather is the new normal: Environment Canada






ST. JOHN’S, N.L. – Environment Canada says warming trends across the country will mean more severe blasts of rain, wind, snow and heat from Mother Nature.


Bob Robichaud, a warning preparedness meteorologist, says 2012 was the 16th year in a row that saw higher than normal temperatures across Canada.






Over the last 10 years, just four of 40 seasons were cooler than normal.


“So that certainly is a trend there,” Robichaud said from Halifax where he also works with the Canadian Hurricane Centre.


“The climate change experts are saying that we’re going to get heavier rainfall events and more frequent non-tropical type storms. So in that respect, we have to be ready for it.”


Over the last year, Canada saw intense heat waves, extreme flooding in B.C. and an especially active hurricane season that culminated in Superstorm Sandy. The massive Atlantic hurricane collided with another weather system, churned a path of destruction through seaside New Jersey and left wreckage and lost business costs estimated at more than US$ 65 billion.


U.S. President Barack Obama, in his second inaugural speech Monday, did not mince words on the need for environmental action.


“We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations,” he said. “Some may still deny the overwhelming judgment of science, but none can avoid the devastating impact of raging fires and crippling drought and more powerful storms.”


Environmental campaigners will be watching to see if Obama backs up those strong words with strong measures, and the extent to which Prime Minister Stephen Harper may respond. The federal Conservative government has been accused of using inaction on climate change south of the border as an excuse for not doing more to cut greenhouse gases in Canada.


In St. John’s, N.L., a powerful blizzard on Jan. 11 dumped about 52 centimetres of snow and packed wind gusts of more than 100 kilometres an hour. Mayor Dennis O’Keefe can’t recall a storm like it in his entire life, all 68 years of it spent in St. John’s.


“I mean, my house shook,” he said in an interview. “That wind howled, and for the very first time I wondered whether or not I was going to have damage to my house which, thank God, I didn’t.


“I could actually see things vibrate on the inside of the house.”


O’Keefe says the city, like others across Canada, will have to assess the extent to which more wild weather could be costly.


“No doubt about it, there is damage when we have these extremes, when you get into hurricane winds. The cost is potentially, depending on what happens in the next 10 to 15 years, into the hundreds of millions of dollars when it comes to infrastructure, flooding costs, damage to public buildings, damage to private homes and so on.


“We’re going to have to look at all of these issues in terms of how we build for the future.”


The recent blizzard in St. John’s followed widespread wind damage caused in September by post-tropical storm Leslie and the havoc caused by hurricane Igor on Sept. 21, 2010.


Igor swept across eastern Newfoundland, dumping more than 200 millimetres of rain in some regions as swollen rivers and creeks blasted through roads and wiped out bridges. The storm caused about $ 125 million in damages, temporarily cutting off 90 communities as 22 of them declared states of emergency.


Weather News Headlines – Yahoo! News




Read More..

How Obama made opportunity real






STORY HIGHLIGHTS


  • LZ Granderson: Specifics of Obama's first term may not be remembered

  • He says his ability to win presidency twice is unforgettable

  • Granderson: Obama, the first black president, makes opportunity real for many

  • He says it makes presidency a possibility for people of all backgrounds




Editor's note: LZ Granderson, who writes a weekly column for CNN.com, was named journalist of the year by the National Lesbian and Gay Journalists Association and is a 2011 Online Journalism Award finalist for commentary. He is a senior writer and columnist for ESPN the Magazine and ESPN.com. Follow him on Twitter: @locs_n_laughs.


(CNN) -- In his first term, President Barack Obama signed 654 bills into law, the Dow Jones Industrial Average increased by about 70% and the national debt by $5.8 trillion.


And in 10 years -- maybe less -- few outside of the Beltway will remember any of that. That's not to suggest those details are not important. But even if all of his actions are forgotten, Obama's legacy as the first black president will endure.


And even though this is his second term and fewer people are expected to travel to Washington this time to witness the inauguration, know that this moment is not any less important.



LZ Granderson

LZ Granderson



Obama's address: Full text


For had Obama not been re-elected, his barrier-breaking election in 2008 could have easily been characterized as a charismatic politician capturing lightning in a bottle. But by becoming the first president since Dwight Eisenhower to win at least 51% of the vote twice, Obama proved his administration was successful.


And not by chance, but by change.


A change, to paraphrase Martin Luther King Jr., that was not inevitable but a result of our collective and continuous struggle to be that shining city on a hill of which President Ronald Reagan spoke so often.



For much of this country's history, being a white male was a legal prerequisite to being president. Then it was accepted as a cultural norm. Because of that, we could not be the country we set out to be.


But today, somewhere in the Midwest, there is a little Asian-American girl with the crazy idea she could be president one day, and because of Obama, she knows that idea is not very crazy at all.


That's power -- the kind of power that can fade urgent numbers and debates of the day into the background of history.


Gergen: Obama 2.0 version is smarter, tougher


Few remember the number of steps Neil Armstrong took when he landed on the moon, but they remember he was the first human being who stepped on the moon. Few can tell you how many hits Jackie Robinson had in his first Major League Baseball game, but they know he broke baseball's color barrier. Paying homage to a person being first at something significant does not diminish his or her other accomplishments. It adds texture to the arc of their story.








I understand the desire not to talk about race as a way of looking progressive.


But progress isn't pretending to be color blind, it's not being blinded by the person's color.


Or gender.


Or religion.


Or sexual orientation.


Somewhere in the South, there is an openly gay high schooler who loves student government and wants to be president someday. And because of Obama, he knows if he does run, he won't have to hide.


That does not represent a shift in demographics, but a shift in thought inspired by a new reality. A reality in which the president who follows Obama could be a white woman from Arkansas by way of Illinois; a Cuban-American from Florida; or a tough white guy from Jersey. Or someone from an entirely different background. We don't know. Four years is a long time away, and no one knows how any of this will play out -- which I think is a good thing.


'Obama: We are made for this moment'


For a long time, we've conceived of America as the land of opportunity. Eight years ago, when it came to the presidency, that notion was rhetoric. Four years ago, it became a once in a lifetime moment. Today, it is simply a fact of life.


Ten years from now, we may not remember what the unemployment rate was when Obama was sworn in a second time, but we'll never forget how he forever changed the limits of possibility for generations to come.


Somewhere out West, there is an 80-year-old black woman who never thought she'd see the day when a black man would be elected president. Somehow I doubt Obama's second inauguration is less important to her.


Follow us on Twitter @CNNOpinion.


Join us on Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of LZ Granderson.






Read More..

Obama lays out 2nd-term agenda

President Barack Obama exited his limousine for the traditional presidential walk in the inaugural parade from Capitol Hill to the White House. (Jan. 21)









WASHINGTON -- A confident President Barack Obama kicked off his second term on Monday with an impassioned call for a more inclusive America that rejects partisan rancor and embraces immigration reform, gay rights and the fight against climate change.

Obama's ceremonial swearing-in at the U.S. Capitol was filled with traditional pomp and pageantry, but it was a scaled-back inauguration compared to the historic start of his presidency in 2009 when he swept into office on a mantle of hope and change as America's first black president.

Despite expectations tempered by lingering economic weakness and a divided Washington, Obama delivered a preview of the priorities he intends to pursue - essentially, a reaffirmation of core liberal Democratic causes - declaring Americans “are made for this moment” and must “seize it together.”

His hair visibly gray after four years in office, Obama called for an end to the political partisanship that marked much of his first term in the White House in bitter fights over the economy with Republicans.

“We cannot mistake absolutism for principle, or substitute spectacle for politics, or treat name-calling as reasoned debate,” Obama said from atop the Capitol steps overlooking the National Mall.

Looking out on a sea of flags, Obama addressed a crowd estimated to be up to 700,000 people - less than half the record 1.8 million who assembled four years ago.

Speaking in more specific terms than is customary in an inaugural address, he promised “hard choices” to reduce the federal deficit without shredding the social safety net and called for a revamping of the tax code and a remaking of government.

When Obama raised his right hand and was sworn in by Chief Justice John Roberts, it was his second time taking the oath in 24 hours - but this time with tens of millions of people watching on television.

The president beamed as chants of “Obama, Obama!” rang out from the crowd.

Obama had a formal swearing-in on Sunday at the White House because of a constitutional requirement that the president take the oath on Jan. 20. Rather than stage the full inauguration on a Sunday, the main public events were put off until Monday.

During a triumphant parade down Pennsylvania Avenue to the White House, the president and first lady Michelle Obama thrilled wildly cheering onlookers by twice getting out of their heavily armored limousine and walking part of the way on foot, as they had done four years ago. Secret Service agents kept close watch.

In a speech of under 20 minutes, Obama, 51, sought to reassure Americans at the mid-point of his presidency and encourage them to help him take care of unfinished business. “Preserving our individual freedoms ultimately requires collective action,” he said.

Touching on volatile issues, Obama ticked off a series of liberal policies he plans to push in this second term.

Most surprising was a relatively long reference to the need to address climate change, which he mostly failed to do in his first four years.

“We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations,” the president said.

On gay rights, Obama insisted: “Our journey is not complete until our gay brothers and sisters are treated like anyone else under the law.”

And in a nod to America's fast-growing Hispanic population that helped catapult him to re-election in November, he said there was a need to “find a better way to welcome the striving, hopeful immigrants who still see America as a land of opportunity.”

FACING PERSISTENT PROBLEMS

Obama, who won a second term by defeating Republican Mitt Romney after a bitter campaign, will now face many of the same problems that dogged his first four years: persistently high unemployment, crushing government debt and a deep partisan divide. The war in Afghanistan, which Obama is winding down, has dragged on for over a decade.

He won an end-of-year fiscal battle against Republicans, whose poll numbers have continued to sag, and appears to have gotten them to back down, at least temporarily, from resisting an increase in the national debt ceiling.

And Obama faces a less-dire outlook than he did when he took office in 2009 at the height of a deep U.S. recession and world economic crisis. The economy is growing again, though slowly.

But he still faces a daunting array of challenges.

Among them is a fierce gun-control debate inspired by a school massacre in Newtown, Connecticut, last month, a tragedy he invoked in his speech.

He said America must not rest until “all our children, from the streets of Detroit to the hills of Appalachia to the quiet lanes of Newtown, know that they are cared for, and cherished, and always safe from harm.”

Obama's appeals for bipartisan cooperation will remind many Americans of his own failure to meet a key promise when he came to power - to act as a transformational leader who would fix a dysfunctional Washington.

His speech was light on foreign policy, with no mention of the West's nuclear standoff with Iran, the civil war in Syria, dealings with an increasingly powerful China or confronting al Qaeda's continued threat as exemplified by the recent deadly hostage crisis in Algeria.

But Obama said: “We will show the courage to try and resolve our differences with other nations peacefully … We will support democracy from Asia to Africa; from the Americas to the Middle East, because our interests and our conscience compel us to act on behalf of those who long for freedom.”

U.S. Senate Republican leader Mitch McConnell, who had declared in 2010 that his top goal was to deny Obama re-election, congratulated the president and expressed a willingness to work together, saying a second term “represents a fresh start.”

But some Republicans responded skeptically. “It was a very, very progressive speech, to put it in the best possible light,” said Republican strategist Rich Galen. “He's not running for election anymore.”

Obama's ceremonial swearing-in fell on the same day as the national holiday honoring slain civil rights leader Martin Luther King Jr. - and the president embraced the symbolism. He took the oath with his hand on two Bibles - one from President Abraham Lincoln, who ended slavery, and the other from King.

After watching the rest of the parade from a bullet-proof VIP viewing stand in front of the White House, the Obamas planned to head to the two inaugural balls - rather than the 10 that were held in 2009.


DURBIN: PRIVATE PARTIES AND (MAYBE) BUDDY GUY


From dawn until dusk, Sen. Dick Durbin is scheduled to be among the constant companions of President Barack Obama, whom he joined starting with an early-morning church service near the White House.

After the swearing-in, Durbin, the No. 2 official at the Senate, said he found Obama's inaugural speech "beautiful."

"I thought he president really captured what the election was about, what the people were saying, we needed to come together -- 'We the People' and to really address the issues that are challenging our nation," said Durbin, a fellow Democrat.

After the inauguration speech, Obama and first lady Michelle Obama sat down as guests of honor at a traditional luncheon at the Capitol. Durbin was there, along with about other 200 high-level officials, including Supreme Court justices, Cabinet officials and congressional leaders.

At 9 o'clock tonight local time, Durbin said, he'll return to the White House to join the Obamas and a select group of friends, family and supporters at an exclusive celebration.

He indicated the timetable was fluid, since a similar party following the balls in 2009 didn't get going until about 11:30 p.m.

Will he make Chicago Mayor Rahm Emanuel's late-night blues party with guitarist Buddy Guy? That runs from 11 p.m. until 3 a.m. "Hope to stay awake long enough," the senator said.

Durbin, 69, a 30-year veteran of Congress, is up for re-election in 2014. He was an early supporter of Obama leading up to his 2008 run, when Democrats had to choose between candidates Obama and Hillary Rodham Clinton.

CHICAGOANS IN D.C. FEEL 'VESTED IN HIS SUCCESS'

Spencer Gould and his wife, Ardenia, of Chicago, arrived at the Capitol early enough to get seats on the front row of their section, directly center of where the president took the oath of office.

For about a minute, Gould said, he considered staying at home in Chicago’s Roseland neighborhood, but quickly realized that he could be no place else but here. Four years ago, he said, he wanted to be part of the historical moment. This time, he came to show his support.

CROWD MAKES LONG DRIVES, BRAVES THE COLD

Hundreds of thousands congregated on the National Mall on Monday, many bundled in gloves and scarves against the cold. Some stopped in front of street vendors to buy buttons with President Obama’s face on them, inaugural coffee mugs or wool hats with Obama spelled in glass beads.

Some had driven all night Sunday to make it to the ceremony by this morning.

FIRST FAMILY'S FASHION CLOSELY WATCHED BY SOME

The American fashion industry held its breath on Inauguration Day for a series of Big Reveals.

Word came within minutes that the navy check coat and dress Michelle Obama wore to the morning prayer service at St. John's church was by American designer Thom Browne, to which she added a belt for the ceremonial swearing-in. Her shoes and accessories were J.Crew. Her necklace was by Cathy Waterman.Former Obama pastor in town

FORMER PASTOR WRIGHT OFFERS ADVICE

The Rev. Jeremiah Wright, the president's former Chicago pastor whose sermons touched off a firestorm in the 2008 political campaign, urged today that Barack Obama heed the words of the late Rev. Martin Luther King Jr. and transform the country into the world's "No. 1 purveyor of peace."

Wright, in the capital today but skipping the inauguration, recalled a speech by King during the Vietnam war, when the civil rights leader denounced the U.S. as "the greatest purveyor of violence in the world."

Tribune reporters Dahleen Glanton, Katherine Skiba, Reuters and the Los Angeles Times contributed.






Read More..

Algeria vows to fight Qaeda after 38 workers killed


ALGIERS (Reuters) - Algeria's prime minister accused a Canadian of coordinating last week's raid on a desert gas plant and, praising the storming of the complex where 38 mostly foreign hostages were killed, he pledged to resist the rise of Islamists in the Sahara.


Algeria will never succumb to terrorism or allow al Qaeda to establish "Sahelistan", an Afghan-style power base in arid northwest Africa, Abdelmalek Sellal told a news conference in Algiers where he also said at least 37 foreign hostages died.


"There is clear political will," the prime minister said.


Claimed by an Algerian al Qaeda leader as a riposte to France's attack on his allies in neighboring Mali the previous week, the four-day siege drew global attention to Islamists in the Sahara and Sahel regions and brought promises of support to African governments from Western powers whose toppling of Libya's Muammar Gaddafi helped flood the region with weapons.


The attack on a valuable part of its vital energy industry raised questions about the security capacity of an establishment that took power from French colonists 50 years ago, held off a bloody Islamist insurgency in the 1990s and has avoided the democratic upheavals the Arab Spring brought to North Africa.


Sellal said a Canadian citizen whom he named only as Chedad, a surname found among Arabs in the region, was among 29 gunmen killed and added that he had "coordinated" the attack. Another three militants were taken alive and were in custody.


Among hostages confirmed dead by their own governments were three Americans, seven Japanese, six Filipinos and three Britons; others from Britain, Norway and elsewhere were listed as unaccounted for. Sellal said seven of the 37 foreign dead were unidentified, while a further five foreigners were missing.


Nearly 700 Algerians and 100 other foreigners survived.


An Algerian security source said investigators pursuing the possibility that the attackers had inside help to map the complex and gain entry were questioning at least two employees.


Prime Minister David Cameron told parliament in London that Britain would increase its help to Algeria's intelligence and security forces and might do more for France in Mali, though he ruled out sending many of its stretched armed forces to Africa.


Noting a shift in the source of threats to British interests from Afghanistan to Africa, he also noted Sellal's rundown of a multinational group of gunmen from across north and west Africa and said the region was becoming "a magnet for jihadists".


Alongside a "strong security response", however, he called for efforts to address long-standing grievances, such as poverty and political exclusion, which foster support for violence. Some militants in Algeria want autonomy for the south and complain of domination by an unchanging establishment in Algiers.


DEATH AND SURVIVAL


As Algerian forces combed the Tigantourine plant near the town of In Amenas for explosives and the missing, survivors and the bereaved told tales of terror, narrow escapes and of death.


"The terrorists lined up four hostages and assassinated them ... shot them in the head," a brother of Kenneth Whiteside told Sky News, in an account of the Briton's death given to the family by an Algerian colleague who witnessed it. "Kenny just smiled the whole way through. He'd accepted his fate."


Filipino survivor Joseph Balmaceda said gunmen used him for cover: "Whenever government troops tried to use a helicopter to shoot at the enemy, we were used as human shields."


Another Briton, Garry Barlow, called his wife from within the site before he was killed and said: "I'm sat here at my desk with Semtex strapped to my chest."


Several hostages died on Thursday when Algerian helicopters blasted jeeps in which the militants were trying to move them.


An Algerian security source had earlier told Reuters that documents found on the bodies of two militants had identified them as Canadians: "A Canadian was among the militants. He was coordinating the attack," Sellal said.


In Ottawa, Canada's foreign affairs department said it was seeking information. Security experts noted that some Canadian citizens had been involved with international militants before.


Officials have also named other militants in recent days as having leadership roles among the attackers. Veteran Islamist Mokhtar Belmokhtar claimed responsibility on behalf of al Qaeda.


In a video distributed on the Internet, the one-eyed veteran of Afghan wars of the 1980s, of Algeria's civil war and of the lucrative trans-Sahara cigarette smuggling trade, said: "We in al Qaeda announce this blessed operation."


Dressed in combat fatigues, Belmokhtar demanded an end to French attacks on Islamist fighters in Mali.


The jihadists had planned the attack two months ago in neighboring Mali, Sellal added. They had traveled from there through Niger and Libya, hence evading Algeria's strong security services, until close to In Amenas. Their aim, he said, had been to take foreign hostages to Mali, and they made a first attempt to take captives from a bus near the site early on Wednesday.


Normally producing 10 percent of Algeria's natural gas, the facility was shut down during the incident. The government said it aimed to reopen it this week, although officials at Britain's BP and Norway's Statoil, which operate the plant with Algeria's state energy firm, said the plans were not clear.


MALI CONFLICT


An Algerian newspaper said the jihadists had arrived in cars painted in the colors of Algerian state energy firm Sonatrach but registered in Libya, a country awash with weaponry since Western powers backed a revolt to oust Gaddafi in 2011.


Using his oil wealth, the Libyan dictator exercised a degree of influence in the region and the consequences of his death are still unfolding.


In a sign of the complexities wrought by the Arab Spring revolts, Egypt, a former military dictatorship now led by one of the generals' Islamist foes, criticized France's intervention in Mali on Monday. President Mohamed Mursi called instead for more spending to address rebels' grievances and warned that the military moves would "inflame the conflict in this region".


The bloodshed also increased the strains in Algeria's long fraught relations with Western powers, where some complained about being left in the dark while the decision to storm the compound was being taken.


But this week, Britain and France both defended the military action by Algeria, the strongest military power in the Sahara and an ally the West needs in combating the militants.


Chafik Mesbah, a former Algerian presidential security adviser, said: "The West did not criticize Algeria because it knows an assault was inevitable in the circumstances ... The victims were a minimum price to pay to solve the crisis."


(Writing by Alastair Macdonald; Editing by Mark Heinrich)



Read More..