সোমবার, ২৮ নভেম্বর, ২০১১

New home sales perked up in October

By The Associated Press

Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year's ? the worst in half a century.

The report suggests housing continues to drag on the U.S. economy and is a long way from recovering.

New-home sales increased 1.3 percent last month to a seasonally adjusted annual rate of 307,000, the Commerce Department said Monday. That's less than half the 700,000 that economists say must be sold to sustain a healthy housing market.

Last year's 323,000 new homes sold were the fewest since the government began keeping records in 1963. This year isn't faring much better.

While new homes sales represent a fraction of the housing market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in tax revenue, according to the National Association of Home Builders.

For many Americans, buying a home is too big a risk more than four years after the housing bubble burst.

Home prices have tumbled, the job market remains weak and unemployment has been stuck near 9 percent for more two years. Some people who want to buy can't qualify for a loan or make the higher down payments that banks are demanding.

Sales are slumping even though mortgage rates are hovering above historic lows.

Builders are struggling to compete with foreclosures and short sales ? when lenders accept less for a house than the mortgage on the home ? which are at an average discount of 20 percent. That has made many re-sales a bargain compared with new homes.

Yet sales of previously owned homes are also dismal. They rose slightly last month to a seasonally adjusted annual rate of 4.97 million units, the National Association of Realtors said last week. That's below the 6 million that economists say is consistent with sales in a healthy market and barely ahead of last year's totals, which were the fewest since 1997.

Source: http://bottomline.msnbc.msn.com/_news/2011/11/28/9068069-new-home-sales-perked-up-in-october

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Junior dos Santos: I don't care who wins between Brock Lesnar and Alistair Overeem

?? UFC

Originally posted by Anton Gurevich on November 26, 2011, 06:44 PM CDT

Newly crowned UFC Heavyweight Champion Junior "Cigano" dos Santos shared thoughts about his future challenges inside the Octagon. In his next fight, Dos Santos is expected to face the winner of UFC 141 main event bout between the former UFC Heavyweight Champion Brock Lesnar and the reigning Strikeforce Heavyweight Champion Alistair Overeem, which will take place on December 30th in Las Vegas, Nevada. Dos Santos stated it makes no difference who wins between the two, since both Lesnar and Overeem are "big, strong guys" who are well-known for their exciting appearances inside the ring or cage.

Junior dos Santos, 14-1 in MMA, is currently recovering from a knee injury suffered prior to the encounter with Cain Velasquez. Cigano is unbeaten inside the Octagon, going 8-0 against some of the best fighters the UFC Heavyweight division has to offer.

Video: ESPN.com


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Source: http://lowkick.blitzcorner.com/UFC/Junior-dos-Santos-I-dont-care-who-wins-between-Brock-Lesnar-and-Alistair-Overeem-14498

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Italy's Cinque Terre, hit by flash flooding, digs out

Thirty-two years ago, I met two American college girls while hitchhiking in Switzerland. They were studying in Florence, and I asked them their favorite place in Italy. They surprised me by naming a place I had never heard of before: the Cinque Terre. Curious, I headed south and discovered a humble string of five villages along Italy's Riviera coast with almost no tourism ? and, it seemed, almost no contact with the modern world. I fell in love with this stretch of Mediterranean coastline and have returned almost every year since.

On Oct. 25 of this year, a freakishly intense rainstorm ripped through the region and inflicted serious damage on the Cinque Terre towns of Monterosso and Vernazza. Torrents of water rampaged from the surrounding mountains into town, carrying with it tons of mud and debris. Massive flooding destroyed homes and businesses, and landslides filled the streets with rocks, dirt, and debris up to 12 feet deep. Entire ground floors were buried.

Photos and videos of the devastation show storefronts ripped off and fishing boats crumbled on rocks. The images of spindly, pastel Vernazza buried in rubble were especially difficult to look at. I've been there so many times that I actually think of it as a person. I believe I know more people in Vernazza than in all of Spain. After the disaster, the town looked like a crime scene. I felt as if I'd lost a friend ? as if nature had murdered someone I loved.

For some, it did. At least six people died in the flash floods, and several are still missing. In one heartbreaking account on the Save Vernazza website, Valentino Giannoni recalls the tense hours in his father's gelato shop as he did everything he could to keep his wife and 3-year-old son above the rising tide. They survived ? but Valentino's father was swept away while trying to keep the flood from consuming his family.

One of my staff members was also in Vernazza at the time. She and her family were eating pesto pasta when water started seeping into the restaurant. As the water level rose, everyone migrated into another room and took refuge on tabletops while several people held their bodies against the door to try to keep the water from raging in.

Danger doubled
As the group waited for the storm to subside, they started to smell gas. The floodwaters had ripped the restaurant's stove from the wall, leaving an exposed gas connection. As she recounted, they didn't know if they were going to drown or die in an explosion.

After more than two hours, the floodwaters receded momentarily (likely slowed by a pile-up of jumbled, overturned cars in the ravine), allowing everyone in the restaurant to escape to higher ground. Shortly thereafter, the rain increased, and the river rose even higher, pushing everything in its path into the sea. My staff member and her family ended up at Al Castello restaurant, where the owners provided food for about 100 tourists and townspeople. Later that evening, the owners of the Gianni Franzi hotel took them in; they were evacuated by boat the next morning.

Emergency responders have been working nonstop since the disaster and have made a lot of progress clearing the streets. I've heard from many friends in the region. The communities of Vernazza and Monterosso are in for a bleak, backbreaking winter of digging out and rebuilding, but they are determined to come back. One hotelier in Monterosso has promised to fix the damage in time to welcome our first tour group next year, in March.

I'll be back too. One of my favorite rituals in Vernazza is to walk the main drag at midnight, from top to bottom. In ancient times, a stream rushed down the middle of this street. At some point, generations ago, the stream was put under the pavement. But it still flows, draining water from the terraced vineyards that surround the town on three sides. At one point, you can actually hear the soft sounds of water flowing beneath the road, from vineyards to the sea. It's strange to imagine that within the course of a few hours, this underground rivulet turned into a roaring river that claimed lives.

When people ask me what they can do to help, I tell them to keep the Cinque Terre in their travel dreams. Like I do almost every year, I'll be traveling here next spring to do some filming and update my guidebook. Witnessing the damage ? and the progress ? firsthand will be both inspirational and bittersweet. Most of all, I look forward to taking that midnight stroll, stream trickling underneath my feet, just like I have for the past 30 years.

(Rick Steves writes European travel guidebooks and hosts travel shows on public television and public radio. E-mail him at rick@ricksteves.com, or write to him c/o P.O. Box 2009, Edmonds, Wash. 98020.)

? 2011 Rick Steves ... Distributed by Tribune Media Services, Inc.

Source: http://www.msnbc.msn.com/id/45307159/ns/travel-destination_travel/

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Italy's borrowing rates skyrocket, Monti scrambles

European Commissioner for the Economy Olli Rehn, left, is greeted by Italian Premier Mario Monti as they meet at Chigi's Premier palace in Rome, Friday, Nov. 25, 2011. Italy had to pay sharply higher borrowing rates to entice investors to part with their cash during a couple of auctions Friday, in an acute sign that Europe's crippling debt crisis is laying siege to the eurozone's third-largest economy. The auction results are another sign that the country's new technocratic government, faces a big battle to convince that it has a strategy to get a grip on the country's massive debts. (AP Photo/Andrew Medichini)

European Commissioner for the Economy Olli Rehn, left, is greeted by Italian Premier Mario Monti as they meet at Chigi's Premier palace in Rome, Friday, Nov. 25, 2011. Italy had to pay sharply higher borrowing rates to entice investors to part with their cash during a couple of auctions Friday, in an acute sign that Europe's crippling debt crisis is laying siege to the eurozone's third-largest economy. The auction results are another sign that the country's new technocratic government, faces a big battle to convince that it has a strategy to get a grip on the country's massive debts. (AP Photo/Andrew Medichini)

European Commissioner for the Economy Olli Rehn, left, shakes hands with Italian Premier Mario Monti as they meet at Chigi's Premier palace in Rome, Friday, Nov. 25, 2011. Italy had to pay sharply higher borrowing rates to entice investors to part with their cash during a couple of auctions Friday, in an acute sign that Europe's crippling debt crisis is laying siege to the eurozone's third-largest economy. The auction results are another sign that the country's new technocratic government, faces a big battle to convince that it has a strategy to get a grip on the country's massive debts. (AP Photo/Andrew Medichini)

German Chancellor Angela Merkel, left, France's President Nicolas Sarkozy, center, and Italy's Prime Minister Mario Monti, shake hands at the end of a press conference in Strasbourg, eastern France, Thursday, Nov 24, 2011. The leaders of Germany, France and Italy are set for debate on the European Central Bank's role in the region's debt crisis and on how to align eurozone economic policies. (AP Photo/Michel Euler, Pool)

(AP) ? Italy's borrowing rates skyrocketed during bond auctions Friday, temporarily battering stock markets in Europe as the continent's escalating debt crisis laid siege to the eurozone's third-largest economy.

The auction results are another sign that Italy's new technocratic government under economist Mario Monti faces a battle to convince investors it has a strategy to cut down the country's euro1.9 trillion ($2.6 trillion) debt. They are also likely to fuel calls for the European Central Bank to use more firepower to cool down a rapidly escalating debt crisis.

Driving market fears is the knowledge that Italy is too big for Europe to bail out, like it has done with smaller nations Greece, Portugal and Ireland. Given the size of its debts ? Italy must refinance $300 billion next year alone ? the government has to continually tap investors for money. But when borrowing rates get too high, that can fuel a potentially devastating debt spiral which could bankrupt the country.

Friday's auctions showed that investors see Italian debt as increasingly risky. The country had to pay an average yield of 7.814 percent to raise euro2 billion ($2.7 billion) in two-year bills ? sharply higher than the 4.628 percent it paid in the previous auction in October. And even raising euro8 billion ($10.7 billion) for six months proved exorbitantly expensive, as the yield for that spiked to 6.504 percent, nearly double the 3.535 percent rate last month.

Following the grim auction news, Italy's borrowing rates in the markets shot higher, with the ten-year yield spiking 0.34 percentage point to 7.30 percent ? above the 7 percent threshold that forced other nations into bailouts.

Markets so far appeared to be giving Monti no honeymoon since he took power a week ago.

"Mario Monti has failed so far to impress bond markets he has the power and authority to do what is required," said Louise Cooper, markets analyst at BGC Partners.

Solid returns on Wall Street helped European markets recover from earlier losses Friday fueled by fears over Italy.

Italy was not the only country in the 17-nation eurozone to have a disappointing auction this week. Even Germany ? the region's strongest economy and the main funder of eurozone bailouts ? suffered a shock Wednesday when it failed to raise all the money it sought, its worst auction result in decades. Spain also saw its borrowing rates ratchet sharply higher even after a landslide election victory for the conservative Popular Party, which has made getting Spain's borrowing levels down its top priority.

Monti, who replaced Silvio Berlusconi as Italy's leader, has pledged to quickly implement new austerity measures followed by deeper reforms. He spent much of his first week in office meeting with European Union officials and the leaders of France and Germany laying out his plans.

During the meetings, Monti emphasized his intention to balance the budget by 2013 and to introduce "fair but incisive" structural reforms," his office said in a statement following a Cabinet meeting Friday.

Monti also has pledged to reform the pension system, re-impose a tax on homes annulled by Berlusconi's government, reduce tax evasion, streamline civil court proceedings, get more women and youths into the work force and cut political costs.

EU monetary affairs commissioner Olli Rehn told the Italian Parliament that "full and effective implementation will be key."

He urged a "clear and ambitious roadmap for reform and an ambitious timeline" and expressed particular concern about low employment among Italian youth.

"Over the longer term, productivity will depend on a well-educated labor force," Rehn said. "I am particularly concerned about high unemployment, which is a tremendous waste of talent that Europe simply cannot afford."

Rehn was in Rome to monitor Italy's compliance with promises to liberalize its labor market, reduce the bloated public sector and sell off some state assets.

There were also signs that contagion over Europe's debt crisis was moving eastward. Moody's downgraded Hungary's sovereign debt to junk status ? from Baa3 to Ba1 with a negative outlook ? a decision Hungary hotly criticized. Hungary is not a member of the eurozone, but trades with many eurozone members.

This week's developments have ratcheted up the pressure on the European Central Bank to step up its bond purchases in the markets, though Germany remains adamantly opposed. The current program is designed to support bond prices in the markets, thereby keeping a lid on the borrowing rates.

So far, the ECB has been buying limited amounts of bonds and has to sell an equivalent amount of assets. The ECB said Monday it bought bonds worth only euro4.5 billion ($6 billion)last week, down from euro9.5 billion ($12.7 billion) a week earlier.

Potentially, the ECB has unlimited financial firepower through its ability to print money and many countries in the eurozone, including France, want the bank to act more decisively to solve the debt crisis.

However, Germany finds the idea of monetizing debts unappealing, warning that it lets the more profligate countries off the hook for their bad practices.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2011-11-25-EU-Italy-Financial-Crisis/id-ca838354d3344cc899141c31888b9dad

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Piers Morgan welcomes his fourth child (Reuters)

LOS ANGELES (Reuters) ? Television host Piers Morgan became a father for the fourth time on Friday after his wife gave birth to a baby girl, Morgan announced on Twitter.

"It's true. I've become a dad for the 4th time, to a baby girl called Elise. She's absurdly beautiful, and utterly adorable," the CNN talk show host posted, adding that the baby arrived after Morgan's favorite soccer team Arsenal won a match.

This is the first child for Morgan and second wife Celia Walden, 34, a writer at British newspaper The Daily Telegraph. The 46-year-old TV host also has three sons with first wife Marion Shalloe, whom he married in 1991 and divorced in 2008.

Morgan, formerly an editor of British newspapers News of the World and the Daily Mirror and a judge on the TV show "America's Got Talent," replaced Larry King at CNN in 2010.

The host anchors the "Piers Morgan Tonight" show, where he has interviewed celebrities and personalities such as radio shock-jock Howard Stern, actor George Clooney and Republican Tea Party politician Christine O'Donnell.

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

Source: http://us.rd.yahoo.com/dailynews/rss/celebrity/*http%3A//news.yahoo.com/s/nm/20111125/people_nm/us_piersmorgan

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Thanksgiving Hangover

Celebrities Who Experiment with Sex–Girls Talkin Smack Scarlett Johansson to Direct New Movie–Tonic Gossip Britney Spears Opens Up About Crazy Life–Bitten & Bound Bruce Willis’ [...]

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Source: http://feedproxy.google.com/~r/stupidcelebrities/~3/35tWWy1Aei8/

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Ruth Stone, award-winning poet, dies in Vt. at 96 (AP)

Ruth Stone, an award-winning poet for whom tragedy halted, then inspired a career that started in middle age and thrived late in life as her sharp insights into love, death and nature received ever-growing acclaim, has died in Vermont. She was 96.

Stone, who for decades lived in a farmhouse in Goshen, died Nov. 19 of natural causes at her home in Ripton, her daughter Phoebe Stone said Thursday. She was surrounded by her daughters, grandchildren and great-grandchildren.

Widowed in her 40s and little known for years after, Ruth Stone became one of the country's most honored poets in her 80s and 90s, winning the National Book Award in 2002 for "In the Next Galaxy" and being named a finalist for the Pulitzer Prize in 2009 for "What Love Comes To." She received numerous other citations, including a National Book Critics Circle award, two Guggenheims and a Whiting Award.

She was born Ruth Perkins in 1915, the daughter of printer and part-time drummer Roger Perkins. A native of Roanoke, Va., who spent much of her childhood in Indianapolis, Ruth was a creative and precocious girl for whom poetry was almost literally mother's milk; her mother would recite Tennyson while nursing her. A beloved aunt, Aunt Harriette, worked with young Ruth on poetry and illustrations and was later immortalized, with awe and affection, in the poem "How to Catch Aunt Harriette."

By age 19, Stone was married and had moved to Urbana, Ill., studying at the University of Illinois. There, she met Walter Stone, a graduate student and poet who became the love of her life, well after his ended. "You, a young poet working/in the steel mills; me, married, to a dull chemical engineer," she wrote of their early, adulterous courtship, in the poem "Coffee and Sweet Rolls."

She divorced her first husband, married Stone and had two daughters (she also had a daughter from her first marriage). By 1959, he was on the faculty at Vassar and both were set to publish books. But on a sabbatical in England, Walter Stone hung himself, at age 42, a suicide his wife never got over or really understood.

In the poem "Turn Your Eyes Away," she remembered seeing his body, "on the door of a rented room/like an overcoat/like a bathrobe/ hung from a hook." He would recur, ghostlike, in poem after poem. "Actually the widow thinks/he may be/in another country in disguise," she writes in "All Time is Past Time." In "The Widow's Song," she wonders "If he saw her now/would he marry her?/The widow pinches her fat/on her abdomen."

Her first collection, "In an Iridescent Time," came out in 1959. But Stone, depressed and raising three children alone, moving around the country to wherever she could find a teaching job, didn't publish her next book, "Topography and Other Poems," until 1971. Another decade-long gap preceded her 1986 release "American Milk."

Her life stabilized in 1990 when she became a professor of English and creative writing at the State University of New York in Binghamton. Most of her published work, including "American Milk," "The Solution" and "Simplicity," came out after she turned 70.

Her poems were brief, her curiosity boundless, her verse a cataloguing of what she called "that vast/confused library, the female mind." She considered the bottling of milk; her grandmother's hair, "pulled back to a bun"; the random thoughts while hanging laundry (Einstein's mustache, the eyesight of ants).

"I think my work is a natural response to my life," she once said. "What I see and feel changes like a prism, moment to moment; a poem holds and illuminates. It is a small drama. I think, too, my poems are a release, a laughing at the ridiculous and songs of mourning, celebrating marriage and loss, all the sad baggage of our lives. It is so overwhelming, so complex."

Aging and death were steady companions ? confronted, lamented and sometimes kidded, like in "Storage," in which her "old" brain reminds her not to weep for what was lost: "Listen ? I have it all on video/at half the price," the poet is warned.

Stone was not pious ? "I am not one/who God can hope to save by dying twice" ? but she worshipped the world and counted its blessings. In "Yes, Think," she imagines a caterpillar pitying its tiny place in the universe and "getting even smaller." Nature herself smiles and responds:

___

"You are a lovely link

in the great chain of being

Think how lucky it is to be born."

___

Associated Press Writer Holly Ramer in Concord, N.H., contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/obits/*http%3A//news.yahoo.com/s/ap/20111125/ap_en_ot/us_obit_ruth_stone

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Medicare chief steps aside in political impasse (AP)

WASHINGTON ? The point man for carrying out President Barack Obama's health care law stepped down Friday after Republicans succeeded in blocking his confirmation by the Senate.

Medicare chief Don Berwick, a Harvard professor widely respected for his ideas on how to improve the health care system, became the most prominent casualty of the political wars over a health care overhaul law whose constitutionality will be now decided by the Supreme Court.

Berwick's Dec. 2 resignation was confirmed by a senior congressional official, speaking on condition of anonymity ahead of an announcement by the administration. He will be replaced by his principal deputy, Marilyn Tavenner, formerly Virginia's top health care official.

Forty-two GOP senators ? more than enough to derail Berwick's confirmation ? had announced their opposition to his nomination months ago. That started a countdown on his temporary appointment, scheduled to run out at the end of the year.

Berwick's statements as an academic praising Britain's government-run health care had become a source of controversy in politically polarized Washington. Although he later told Congress that "the American system needs its own solution" and Britain's shouldn't be copied here, his critics were not swayed.

A pediatrician before becoming a Harvard professor, Berwick has many admirers in the medical community, including some former Republican administrators of Medicare. His self-styled "triple aim" for the health care system includes providing a better overall experience for individual patients, improving the health of groups of people such as seniors and African-Americans, and lowering costs through efficiency.

But some of his professorial ruminations dogged him in Washington. Republicans accused him of advocating health care rationing, which Berwick denies.

As Medicare chief, Berwick oversaw the drafting and rollout of major regulations that will begin to reshape the health care system, steering Medicare away from paying for sheer volume of services and procedures and instead putting a premium on quality care that keeps patients healthier and avoids costly hospitalizations.

Berwick turned 65 this year, making him the first Medicare chief eligible to be enrolled in the program. He told The Associated Press he was putting in his application, but that he intends to keep working to improve the nation's health care system.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ap/20111123/ap_on_go_ca_st_pe/us_medicare_chief

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Mom of kids killed in Ariz. crash drawing support (AP)

PHOENIX ? Friends and acquaintances are lending support to an Arizona mother who lost her three children and her ex-husband in a plane crash in the Superstition Mountains.

Karen Perry, of Apache Junction, Ariz., has experienced a series of struggles in recent years and is described as a selfless woman trying to raise her three children. Morgan Perry, 9, was diagnosed with epilepsy and faced multiple brain surgeries. Luke Perry, 6, had autism. Perry's third child, Logan Perry, was 8.

"They were just great kids," said Mark Blomgren, principal at Peralta Trail Elementary in Apache Junction, where the two oldest children attended. "All the teachers were naturally shocked. They cared about them and wondered how their mom was doing and they were just hit pretty hard. Logan and Morgan were just special kids that the teachers really bonded with."

Crews continue hunting through crags and outcroppings of the mountaintop area just east of Phoenix, searching for victims of the fiery crash that killed all six people aboard, including Perry's ex-husband, Shawn Perry, 39, who was the pilot.

He lived in Safford, Ariz., where he owned a small aviation business, and had flown to the Phoenix suburb of Mesa, Ariz., with another pilot who co-owned the company and a company mechanic to pick up the children for Thanksgiving. The plane was headed back to Safford when it crashed.

The other pilot was identified as Russell Hardy, 31, of Thatcher, Ariz., and the mechanic was Joseph Hardwick, 22, of Safford.

The twin-engine plane was traveling about 200 mph when it slammed into a sheer cliff in the mile-high Superstition Mountains an hour after sundown Wednesday, authorities said.

The aircraft exploded in flames, split apart and scattered burning debris.

"No one could have survived that crash," Pinal County Sheriff Paul Babeu said Thursday.

The body of one child was recovered and dozens of sheriff's search and rescue personnel worked Thursday to recover the remains of the other victims.

"This is their entire family ? it's terrible," Babeu said. "Our hearts go out to the mom and the (families) of all the crash victims. We have had so many people that are working this day, and we just want to support them and embrace them and try to bring closure to this tragedy."

Karen Perry is also a pilot.

Video from news helicopters Thursday showed the wreckage strewn at the bottom of a blackened cliff.

"This is not a rescue mission, but that of recovery," Babeu said.

There was no word on what caused the crash but the sheriff said there was no indication the plane was in distress or that the pilot had radioed controllers about any problem.

The Federal Aviation Administration and the National Transportation Safety Board are investigating.

It was very dark at the time, and the plane missed clearing the peak by only several hundred feet. The aircraft crashed about 40 miles east of downtown Phoenix around 6:30 p.m. Wednesday, authorities said.

Some witnesses told Phoenix-area television stations they heard a plane trying to rev its engines to climb higher before apparently hitting the mountains.

The mountains are filled with steep canyons, soaring rocky outcroppings and reach an elevation of about 5,000 feet at the highest point.

Part of the recovery operation was in such dangerous terrain that only teams well trained in using ropes could maneuver, Babeu said.

"Regular deputies and even myself would not go into this exact area," he said.

The plane was a Rockwell AC-690A and was registered to Ponderosa Aviation Inc. in Safford, which Babeu said was co-owned by Shawn Perry.

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/ap/20111125/ap_on_re_us/us_arizona_plane_crash

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France and Germany to propose changing EU treaties

German Chancellor Angela Merkel gestures during her speech of the budget debate at the German Federal Parliament, Bundestag, in Berlin, Germany, Wednesday, Nov. 23, 2011. Germany's chancellor says Greece can only receive its next batch of bailout loans if all parties supporting the new government in Athens commit in writing to the conditions attached to a separate aid package. (AP Photo/Michael Sohn)

German Chancellor Angela Merkel gestures during her speech of the budget debate at the German Federal Parliament, Bundestag, in Berlin, Germany, Wednesday, Nov. 23, 2011. Germany's chancellor says Greece can only receive its next batch of bailout loans if all parties supporting the new government in Athens commit in writing to the conditions attached to a separate aid package. (AP Photo/Michael Sohn)

Italy's Prime Minister Mario Monti, addresses the media, at the European Council building in Brussels, Tuesday, Nov. 22, 2011. New Prime Minister Mario Monti met top European Union officials to discuss Italy's financial difficulties and his proposals to keep one of the EU's founding members from sinking the euro. (AP Photo/Yves Logghe)

(AP) ? President Nicolas Sarkozy appeared to temper his calls for the European Central Bank to play a bigger role in solving Europe's debt crisis as he agreed to a German effort to unite the troubled 17-nation eurozone more closely.

Speaking after meeting with German Chancellor Angela Merkel and Italian Premier Mario Monti on Thursday, Sarkozy said "propositions for the modification of treaties" would be presented in the coming days.

He wouldn't elaborate on what these changes may be but said they would be ready in time for the next EU leaders summit on December 9. Treaty changes are a notoriously laborious endeavor, requiring the agreement of all 27 EU nations, including non-euro countries such as Britain and Poland.

Merkel said the treaty changes would "make clear that we must take steps toward a fiscal union to express the conviction that we know policies must be more closely coordinated if you have a common, stable currency."

"It is political confidence in Europe that has been lost ? we can only win it back politically," Merkel said.

This was the first meeting of the three leaders since Monti took over last week following mounting market concerns over Italy's huge debt, which stand at euro1.9 trillion ($2.6 trillion), or a huge 120 percent of economic output. Europe's current anti-crisis measures are too not big enough to deal with Italy's debt mountain.

Sarkozy said the three leaders had agreed to meet again "very soon" in Rome at Monti's invitation to continue their three-way dialogue.

The meeting in Strasbourg, France comes amid signs that even Germany and France ? the eurozone's two biggest economies ? are not immune from the crisis that's already seen three relatively small countries bailed out.

All three leaders said they would do what it takes to stabilize the situation and save the euro.

"We want the euro, we want a strong, stable euro ... we will do everything to defend it," Merkel said.

France has been reluctant to resort to changes to EU treaties to improve the way the eurozone countries work together and set policies and prevent future crises. Germany had pushed for such changes, saying voluntary pledges by national governments are no longer enough to boost market confidence.

Merkel insisted that the proposed changes would "not deal with the European Central Bank," which she stressed was responsible for monetary, not fiscal, policy. Sarkozy did not push for a greater role at their closing press conference, while Merkel insisted on the bank's independence.

"In the treaty changes, we are dealing with the question of a fiscal union, a deeper political cooperation ... there will be proposals on this, but they have nothing to do with the ECB," Merkel said.

Many think the ECB is the only institution capable of calming frayed market nerves and Merkel's continued dismissal of a greater ECB role knocked market sentiment and stocks all round Europe were trading lower once again.

Potentially, the ECB has unlimited financial firepower through its ability to print money. However, Germany finds the idea of monetizing debts unappealing.

Merkel also maintained her opposition to the European Commission's new drive for eurobonds.

Germany has opposed the use of eurobonds and has long called on fiscally wayward member states to clean up their own houses with as little outside intervention as possible. A big worry for Germany is that its low borrowing costs would get diluted if eurobonds came into issue and it would then be forced to pay higher rates to tap bond markets.

"It would be completely the wrong signal to lose sight entirely now of these differing interest rates, because they are a pointer to where something still needs to be done and where we need to go further," she said.

Monti, meanwhile, reiterated his pledge to balance Italy's budget by 2013 though he sidestepped the question on whether achieving that aim would require more austerity measures, and if so, whether it risked triggering a recession in the eurozone's third largest economy.

___

Associated Press writers Geir Moulson in Berlin and Frances d'Emilio in Rome contributed to this article.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-11-24-EU-Europe-Financial-Crisis/id-b30c08ba8db4460c9ecc5829358592c9

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Stocks tumble amid fears over Europe

By msnbc.com news services

NEW YORK ? Stock indexes fell Tuesday after the U.S. government lowered its estimate of economic growth in the third quarter. Higher borrowing costs for Spain also renewed worries about Europe's debt crisis.

Hewlett-Packard Co. sank 2.8 percent, dragging down the Dow Jones industrial average. H-P lowered its earnings forecast for the 2012 fiscal year after the market closed Monday. The tech giant said it was being "cautious," citing Europe's debt crisis and weak consumer spending.

The Commerce Department said the U.S. economy grew at a 2 percent annual rate in the July-September period, down from its initial estimate of 2.5 percent. Economists had expected the figure to remain unchanged.

At the closing bell, the Dow Jones industrial average was down 53.51 points, or 0.46 percent, at 11,493.80. The Dow had been down as many as 113 points shortly before noon. After H-P, aluminum maker Bank of America Corp. had the biggest fall among the 30 stocks in the index, 2 percent.

The Standard & Poor's 500 index was down 4.93 points, or 0.41 percent, to 1,188.05. Both the Dow and S&P briefly turned slightly higher in early afternoon trading.

The S&P has lost 5.2 percent over the past week on worries that Spain could get dragged into Europe's debt crisis and as Congress neared a deadlock over cutting the U.S. budget deficit.

The Nasdaq composite dipped 1.86 points, or 0.07 percent, to 2,521.28.

The Dow plunged 249 points Monday as a congressional committee failed to reach a deal to cut budget deficits. The congressional impasse raised fears that rating agencies might lower the U.S. government's credit rating if Congress tries to circumvent the automatic spending cuts that are supposed to occur in the event of an impasse. Some Republicans have said they would try to block cuts to defense spending.

"Markets are looking for clarity, and you didn't get that from the super-committee," says Steven Ricchiuto, chief economist at Mizuho Securities. "There's no reason to believe the economy is going to get stronger."

Across the Atlantic, there were more signs of trouble in Europe's debt crisis. Spain was forced to pay sharply higher interest rates in an auction of short-term debt. The higher rates suggest that investors are still skeptical that the country will get its budget under control despite a new, center-right government coming to power this week.

Investors have been worried that Spain could become the next country to need financial support from its European neighbors if its borrowing rates climb to unsustainable levels. Greece was forced to seek relief from its lenders after its long-term borrowing rates rose above 7 percent on the bond market. The rate on Spain's own benchmark 10-year bond is dangerously close to that level, 6.58 percent.

In other trading, Netflix Inc. sank 3.6 percent. The online video rental company said it raised $400 million from selling debt and stock as it tries to recover from a consumer backlash following price hikes.

Campbell Soup Co. sank 5.5 percent after reporting a 5 percent drop in net income. The company said price increases were not enough to offset lower volume in its soup and beverage businesses.

Medtronic Inc. rose 4.8 percent. The world's largest medical device maker reported higher-than-expected earnings and reaffirmed its full-year earnings outlook.

Associated Press contributed to this report.?

Source: http://bottomline.msnbc.msn.com/_news/2011/11/22/8958957-stocks-slide-on-concerns-over-us-economy-europe-debt-crisis

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Source: http://www.flickr.com/photos/foreignoffice/6383287197/

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Video: TODAY kicks off 85th Thanksgiving Day parade

Sorry, Readability was unable to parse this page for content.

Source: http://www.msnbc.msn.com/id/21134540/vp/45428291#45428291

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Video: 4 tips for saving on holiday shopping

Source: http://www.msnbc.msn.com/id/3041440/vp/45119479#45119479

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Current Developments: Innovative Ideas on How to Make Electric Cars Cost-Efficient Take Shape

News | Technology

Expensive batteries and limited recharging stations are the big impediments to making EVs cost-competitive with non-hybrid internal combustion vehicles, but new electricity pricing and distribution models may help break the logjam


electric, charge, vehicleWHICH WAY TO CHARGE?: One model for recharging has private companies installing and owning individual battery recharging stations. Drivers could be charged on a per-use basis or via a monthly fee for access to the recharging network. Here a Reva i/G-Wiz is charged on a street in London. Image: Courtesy of Frankh, via Flickr

It's easy to knock electric vehicles (EVs): It takes too long to recharge the batteries and there are too few places to do it. And besides, who will pay for all the new recharging stations that would be needed if the cars catch on? The International Energy Agency?s most optimistic scenario puts (pdf) plug-in hybrids or EVs at 15 percent of all cars on the road by 2020; other projections predict a mere 3 percent.

The dubious outlook for EVs has much do to with uncertainty over what role utility companies should play in providing the electricity needed for large fleets of these vehicles. At a recent conference, however, industry analysts put several options on the table.

Utilizing utilities
One idea is for private companies to install and own individual battery recharging stations and charge drivers on a per-use basis, said Brett Perlman, president of utility industry management consulting firm Vector Solutions. Perlman, who served as commissioner of the Public Utility Commission of Texas from 1999 to 2003, was one of several speakers November 15 at the "Electric Vehicles, Fact or Fiction?" forum in New York City, hosted by PA Consulting Group. Another approach would be for these vendors to create a network of recharging stations and charge drivers a monthly service fee for access (much like the mobile phone industry).

Perlman thinks utility companies should play a more active role, however. "We need a private utility infrastructure and a public charging infrastructure, something that regulators are starting to look at, starting with those in California," he said.

Texas is also experimenting with this model. NRG Energy's eVgo Complete charging program in Houston includes unlimited fueling services both from a home charging dock and across the NRG-owned eVgo public network for a fixed monthly price of $89. A progressive move on NRG's part, but one that could backfire if regulators decide down the road to limit the role of utilities in establishing a universal recharging scheme. "One of the greatest impediments to EVs is that much of the legislation defining how drivers and their vehicles interact with the grid will be decided on a state level," Perlman said. This means each state could develop its own approach to recharging, which could make life difficult for interstate drivers.

Better battery
The battery is at the heart of the issue, Hugh McDermott, global vice president of Better Place, said during the forum. The firm is building drive-through battery exchange stations that use robots to swap out depleted batteries for newly charged ones within minutes. The stations are not meant to serve as the primary source of recharging?that should be done at home overnight, McDermott said. Instead, these stations provide a way to recharge when a driver is unable to charge at home. Whereas today's high cost for batteries will come down over time, the price of oil will only grow more expensive, he added.

McDermott said that Better Place has gotten traction for its model in several countries, including China, Denmark and Israel. The firm will have 40 stations installed in Israel by the end of 2012, carrying a total inventory of 500 batteries. "In Israel a policy of oil independence is a national security imperative providing incentive to seek out alternatives to combustion automobiles," McDermott said. "The challenge in the U.S. is, it's like dealing with 50 different countries."

Comparing cost
The costs of owning an EV cannot yet compete with non-hybrid combustion-powered cars. Earlier this year a team of researchers led by Wally Tyner, a Purdue University agricultural economics professor, compared the economics of driving a Chevrolet Volt, a Toyota Prius and a Chevy Cobalt. The researchers determined that the Volt, a plug-in hybrid, would be less economical than the Toyota Prius, a hybrid that does not charge its battery through a plug, or the Chevrolet Cobalt, which has only an internal combustion engine.

When oil prices are high, the Prius would be the most economical, with the advantage going to the Cobalt when oil prices are low. Tyner said to make the Volt more economical than either the Prius or the Cobalt, oil prices would have to rise to between $171 and $254 per barrel, depending on the electricity pricing system used. This disparity is because the Volt has a higher purchase price and will cost more in electricity than gasoline over the life of the vehicle.

There was a bit of encouraging news for EVs at PA Consulting's forum. During the question-and-answer session, Michael Niggli, president and chief operating officer of San Diego Gas & Electric (SDG&E), reported that San Diego's EV and plug-in hybrid pilot program was progressing well. In fact, of the 850 cars involved, pure plug-in EVs like the Nissan Leaf outnumbered plug-in hybrids by a ratio of six to one, he said. This was likely due in part because San Diego was also one of the pilot cities where Nissan first released its all-electric Leaf. Niggli also pointed out that 85 percent of his SDG&E's EV and plug-in customers were recharging their vehicles during "super off-peak" hours (midnight to 6 A.M.), when rates are lowest.

Source: http://rss.sciam.com/click.phdo?i=3d48482c180ac1685dbb7552db92560a

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NBA players move legal fight to Minnesota

(AP) ? After filing two separate antitrust lawsuits against the league in different states, NBA players are consolidating their efforts and have turned to the courts in Minnesota as their chosen venue.

A group of named plaintiffs including Carmelo Anthony, Steve Nash and Kevin Durant filed an amended federal lawsuit against the league in Minnesota on Monday, hoping the courts there will be as favorable to them as they have been to NFL players in the past.

The locked-out players filed class-action antitrust suits against the league last Tuesday in California and Minnesota. The California complaint was withdrawn Monday.

"The likelihood was we'd get a faster result in Minnesota than California," players' lawyer David Boies said. "I think the result would be the same."

NBA owners locked out the players July 1, and the labor strife between the two sides has forced games to be canceled through Dec. 15.

"This is consistent with Mr. Boies' inappropriate shopping for a forum that he can only hope will be friendlier to his baseless legal claims," Rick Buchanan, NBA executive vice president and general counsel, said in a statement.

Federal court in Minnesota was the venue for all NFL labor disputes that reached the courts for the past two decades. The NFL players enjoyed several victories over the owners there, most recently when U.S. District Judge Susan Richard Nelson issued a temporary injunction this summer that lifted the NFL's owner-imposed lockout. That decision was stayed and eventually overturned on appeal by the 8th Circuit in St. Louis.

Boies insisted the only reason to pick Minnesota was to speed up the process. The first case management conference in California had been scheduled for March 9, although the sides could have requested the date to be moved up. Boies expected a hearing in Minnesota next month.

"The docket is less congested there," he said. "They have a good track record of handling these kind of cases very promptly."

The owners had already filed a lawsuit of their own in the Southern District of New York, a venue that has issued several NBA-friendly rulings over the years, and could file a motion to have the Minnesota case moved there.

After the two sides were unable to reach an accord, the players disbanded the union last week. That set the stage for the increasingly bitter labor dispute to move from the negotiating table to the courtroom, which could jeopardize the entire 2011-12 season.

Disbanding the union allowed the players to file an antitrust lawsuit against the league, a move the NFL players also used. Chauncey Billups, Rajon Rondo, Caron Butler, Baron Davis, Ben Gordon, Kawhi Leonard, Leon Powe, Anthony Randolph, Sebastian Telfair, Anthony Tolliver and Derrick Williams are the other named plaintiffs in the Minnesota lawsuit. The consolidated complaint added some players not in either of the original two, including Nash.

"Although the NBPA made concession after concession, including concessions that would cost its members more than one billion dollars over a six-year period, the NBA essentially refused to negotiate its basic 2007 demands, refusing to back off its demand for large salary reductions and harsh player restraints," the lawsuit alleges.

The NBA must submit its response by Dec. 5. The case has been assigned to U.S. District Judge Patrick J. Schiltz.

Boies said that if there had been time to talk to all the players and lawyers initially, only one lawsuit would have been filed in the first place.

"It was a desire to get things moving. It was not a competition," he said of the two suits. "This was not anything in which people were going different directions."

The courts would have consolidated the suits anyway, so doing it now saves time. And with the first month and a half of the season already canceled, time is of the essence.

Boies repeated that the players' side would prefer to reach a settlement instead of taking the litigation to its conclusion. But there was no indication that either side would be contacting the other anytime soon.

"In the face of somebody saying, 'I don't want to talk to you. We've got an offer ? take it or leave it. This is an ultimatum. We're going to make no more proposals,' and somebody saying, 'This is baseless; it ought to go away,'" Boies said, "that's a waste of time to make a telephone call."

___

AP Sports Writer Jon Krawczynski in Minneapolis contributed to this report.

___

Follow Rachel Cohen at http://twitter.com/RachelCohenAP.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2011-11-21-BKN-NBA-Labor/id-250578ead5184c469ee047cc51315b23

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Personal Finance Service HelloWallet Launches On iPhone ...

Mint competitor HelloWallet is launching on the iPhone today, with an application that provides at-a-glance spending guidance, budget details and your available cash balance.

As a company, HelloWallet aims to differentiate itself from Mint by functioning as a full-service financial advisor, in addition to being a personal finance tracking application. On mobile, this aspect to its service shows up under the ?Next Steps? section, which offers users personalized advice and tips.

However, the app?s key differentiator on mobile is its location-based spending guidance feature. This displays how much you have left to spend in the budget category associated with a particular venue.

While certainly it?s certainly a nifty trick to tap into your location via the smartphone?s GPS, the company is touting this unique feature above all else, when really, it?s the access to historical data from that venue that may be the more interesting value-add in terms of location. After all, in Mint?s iPhone application, you can view your budgets by category, too, and it?s not so difficult to figure out (without a GPS), that if you?re buying dinner, that?s to be deducted from the ?restaurants? category, for example. Location-based category assignment just simplifies this process.

What?s really neat is to see the bar graph of historical spending for a venue in HelloWallet, something that may give impulse shoppers pause before another big purchase. Think of the advantage for gadget-aholics (ahem) who spend far too much at Best Buy or the Apple Store, for instance. The graph is that much-needed visual reminder to slow down.

There are plenty of other?differences between Mint and HelloWallet, too, even if they?re not highlighted that well within the app. For example, while?Mint is focused on tracking your money then recommending associated products and services from its partners, HelloWallet doesn?t allow banks to advertise on its service. It also has more of a focus on getting users out of debt and boosting savings, especially those associated with employer-provided 401K?s. These finance management tools are found in HelloWallet?s Web app, as the mobile version is more narrowly focused on spending and budgets.

The distribution models for Mint and HelloWallet are also different. Mint is a consumer-targeted service, but HelloWallet has been selling to enterprise customers who offer HelloWallet as an employee-sponsored benefit. To date, the company has sold over 300,000 memberships to its online service to its Fortune 500 employer partners. And for every 5 subscriptions it sells, HelloWallet gives away one free subscription to a family in need.

Since its founding in 2009, HelloWallet has raised over $9 million in funding, led by Grotech Ventures and Revolution Ventures.

Current HelloWallet customers can grab the new iPhone app from here.


HelloWallet is an independent, online financial guidance service for workers founded by former Brookings Institution scholar Matt Fellowes. HelloWallet is primarily distributed through Fortune 500 and other employers as a workplace benefit. HelloWallet helps workers improve their overall household finances by ?finding the money? to boost their contributions to retirement savings and reduce debt. Retirement plan providers also provide the service to help workers improve their personal finances. HelloWallet?s independence comes from the fact that it receives no commissions...

Learn more

Source: http://techcrunch.com/2011/11/21/personal-finance-service-hellowallet-launches-on-iphone/

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Canada joins US and Britain on new Iran sanctions (AP)

TORONTO ? Canada is announcing additional sanctions against Iran in tandem with the U.S. and Britain to pressure Tehran to halt its suspected nuclear weapons program.

Foreign Affairs Minister John Baird said in a statement Monday that the expanded sanctions prohibit almost all financial transactions with the Iranian government. They also add individuals and entities to the list of designated persons and expand the list of prohibited goods.

Baird says Canada is deeply disturbed by the information contained in the most recent International Atomic Energy Agency report suggesting Iranian work toward the development of atomic weapons.

Baird says the regime in Tehran poses the most significant threats to global peace and security today.

Source: http://us.rd.yahoo.com/dailynews/rss/iran/*http%3A//news.yahoo.com/s/ap/20111121/ap_on_re_ca/cn_canada_iran_sanctions

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Lawrence forensic probe 'queried'

The trial of two men accused of killing Stephen Lawrence has heard there was no written procedure to ensure forensic evidence avoided contamination.

In defence questions, a police exhibits officer said seized clothing was bagged but these were not always sealed.

Gary Dobson, 36, and David Norris, 35, both from south London, deny murder.

Prosecutors at the Old Bailey say DNA evidence links them to a group of white youths that attacked the black teenager in Eltham, south London, in April 1993.

The 18-year-old A-Level student was forced to the ground at a bus stop and then stabbed twice, the prosecution says.

BBC home affairs correspondent Matt Prodger said the reliability of scientific evidence was at the heart of the trial.

The prosecution has said textile fibres, and blood and hair matching Mr Lawrence was on clothing seized from the defendants in 1993 and discovered as part of a cold case review in 2007.

But in opening statements, lawyers for Mr Dobson and Mr Norris contended that there had been contamination of evidence by the police.

Robert Crane, a detective constable who was an exhibits officer at Eltham police station in 1993, told the court that items of clothing were placed in brown paper bags, but not always sealed.

He told the court that at the time he "had a degree of forensic awareness" and understood the potential for cross-contamination.

But he said there was no written procedure for ensuring that evidence was not contaminated and those handling the clothes wore gloves, but not the white forensic suits used today.

Continue reading the main story

?Start Quote

Jury shown police surveillance photos of Gary Dobson and David Norris in days after Lawrence murder?

End Quote

The jury heard that exhibits were stored in a disused cell in the building, and there were no designated forensic retrieval or packaging areas.

In cross-examination by Timothy Roberts QC, who represents Mr Dobson, the court was told that exhibit bags could be left open while officers were waiting for a photographer.

Mr Crane said he was not aware of any special procedures to prevent fibres or fragments being passed on to an exhibit by a police officer when they opened and resealed packages.

Meanwhile, Det Con Steven Pye, who collected the teenager's personal belongings from the hospital after he died, told the court that the items were in plastic hospital sacks and he bagged them up in police paper sacks using rubber gloves.

The court heard that some of the paper bags were not sealed at the hospital because blood stains on the items were still wet.

Mr Pye said the bags of bloodstained clothes were not immediately sealed because if the paper sacks became wet they might collapse. He passed them on to a colleague to be dried.

Mr Roberts, in cross examination, asked: "Is the upshot of all of this, however it happened, that the clothing from Stephen Lawrence that was most heavily blood stained, and therefore might contaminate other things, remained in unsealed packages whilst you dealt with it?

In response, Mr Pye said: "The most heavily bloodstained would appear to have been placed in paper sacks and folded over, yes."

The court heard that Mr Pye had a stack of paper bags with him at the hospital that could have picked up fibres or blood flakes on the outside.

"By touching all of the packages with the same pair of gloves and folding over the tops of all the brown paper bags you could have distributed blood and fibres from each of these items on to the outside of the packages," said Mr Roberts.

"The items were placed in bags with the same pair of gloves. My recollection is that the bags were sealed at some point in the night but I can't remember when," replied Mr Pye.

The court was shown a graphic with the clothing worn by Stephen on the night he died to help them follow how the exhibits were stored and handled.

Jury members heard that Stephen's blue cardigan, black jacket, green body warmer, red t-shirt, white vest and green cords were taken to a drying room at Southwark police station.

A groundsheet was placed in the drying space to catch any debris, along with the paper bags used to store the clothes.

After three days in the drying room, the clothes were placed in new paper bags, the tops of which were folded over but not sealed because there was a need to photograph them at Eltham police station.

Mr Crane was questioned about the photographs.

'Nervous' when questioned

During cross examination Mr Roberts said: "At the time you weren't thinking about the risk of possibly picking up fibres or flakes by way of contamination."

"No that was the norm," replied Mr Crane.

Earlier, Graham Cooke an officer who questioned Mr Dobson while on house-to-house inquiries said the defendant had seemed nervous.

The retired police officer told the court that the defendant said he was at home all night studying on the night the teenager was killed, adding that he did not know the victim.

"In my opinion he was nervous at the time," said Mr Cooke.

The jury was also shown police surveillance photographs of the defendants outside a house in Bournbrook Road in Eltham.

The trial has been adjourned until Tuesday.

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/uk-15820326

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Study finds sex a significant predictor of happiness among married seniors

Study finds sex a significant predictor of happiness among married seniors [ Back to EurekAlert! ] Public release date: 20-Nov-2011
[ | E-mail | Share Share ]

Contact: Todd Kluss
tkluss@geron.org
202-587-2839
The Gerontological Society of America

The more often older married individuals engage in sexual activity, the more likely they are to be happy with both their lives and marriages, according to new research presented in Boston at The Gerontological Society of America's (GSA) 64th Annual Scientific Meeting.

This finding is based on the 2004? General Social Surveys, a public opinion poll conducted on a nationally representative sample of non-institutionalized English and Spanish-speaking person 18 years of age or older living in the U.S. The data analysis was conducted by Adrienne Jackson, PT, PhD, MPA, an assistant professor at Florida Agricultural and Mechanical University.

"This study will help open the lines of communication and spark interest in developing 'outside the box' approaches to dealing with resolvable issues that limit or prevent older adults from participating in sexual activity," said Jackson. "Highlighting the relationship between sex and happiness will help us in developing and organizing specific sexual health interventions for this growing segment of our population."

Based on the survey responses of 238 arried individuals age 65 years or older, Jackson discovered that frequency of sexual activity was a significant predictor of both general and marital happiness. The association even remained after accounting for factors such as age, gender, health status, and satisfaction with financial situation.

Whereas only 40 percent of individuals who reported no sexual activity in the last 12 months said they were very happy with life in general, almost 60 percent who engaged in sexual activity more than once a month said they were very happy. Similarly, while about 59 percent of individuals who reported no sexual activity in the last 12 months said they were very happy with their marriage, almost 80 percent who had sex more than once a month said they were very happy. To assess frequency of sexual activity, respondents were asked the following question: "About how many times did you have sex during the last 12 months? By 'sex' we mean vaginal, oral, or anal sex." To assess general happiness, respondents were asked the following question: "Taken all together, how would you say things are these days would you say that you are very happy, pretty happy, or not too happy?" To assess marital happiness, respondents were asked the following question: "Taking things all together, how would you describe your marriage? Would you say that your marriage is very happy, pretty happy, or not too happy?"

GSA's meeting the country's largest interdisciplinary conference in the field of aging is taking place at the John B. Hynes Veterans Memorial Convention Center and Sheraton Boston Hotel from November 18 to 22. An estimated 3,500 professionals are expected to attend and the program schedule contains more than 500 scientific sessions featuring research presented for the first time. Jackson's presentation, "Exploring the Relationship Between Frequency of Sexual Activity and Happiness Among Older Married Americans," is taking place at 1 p.m. on Sunday, November 20, in room 103 of the Convention Center.

###

The Gerontological Society of America (GSA) is the nation's oldest and largest interdisciplinary organization devoted to research, education, and practice in the field of aging. The principal mission of the Society and its 5,400+ members is to advance the study of aging and disseminate information among scientists, decision makers, and the general public. GSA's structure also includes a policy institute, the National Academy on an Aging Society, and an educational branch, the Association for Gerontology in Higher Education.


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Study finds sex a significant predictor of happiness among married seniors [ Back to EurekAlert! ] Public release date: 20-Nov-2011
[ | E-mail | Share Share ]

Contact: Todd Kluss
tkluss@geron.org
202-587-2839
The Gerontological Society of America

The more often older married individuals engage in sexual activity, the more likely they are to be happy with both their lives and marriages, according to new research presented in Boston at The Gerontological Society of America's (GSA) 64th Annual Scientific Meeting.

This finding is based on the 2004? General Social Surveys, a public opinion poll conducted on a nationally representative sample of non-institutionalized English and Spanish-speaking person 18 years of age or older living in the U.S. The data analysis was conducted by Adrienne Jackson, PT, PhD, MPA, an assistant professor at Florida Agricultural and Mechanical University.

"This study will help open the lines of communication and spark interest in developing 'outside the box' approaches to dealing with resolvable issues that limit or prevent older adults from participating in sexual activity," said Jackson. "Highlighting the relationship between sex and happiness will help us in developing and organizing specific sexual health interventions for this growing segment of our population."

Based on the survey responses of 238 arried individuals age 65 years or older, Jackson discovered that frequency of sexual activity was a significant predictor of both general and marital happiness. The association even remained after accounting for factors such as age, gender, health status, and satisfaction with financial situation.

Whereas only 40 percent of individuals who reported no sexual activity in the last 12 months said they were very happy with life in general, almost 60 percent who engaged in sexual activity more than once a month said they were very happy. Similarly, while about 59 percent of individuals who reported no sexual activity in the last 12 months said they were very happy with their marriage, almost 80 percent who had sex more than once a month said they were very happy. To assess frequency of sexual activity, respondents were asked the following question: "About how many times did you have sex during the last 12 months? By 'sex' we mean vaginal, oral, or anal sex." To assess general happiness, respondents were asked the following question: "Taken all together, how would you say things are these days would you say that you are very happy, pretty happy, or not too happy?" To assess marital happiness, respondents were asked the following question: "Taking things all together, how would you describe your marriage? Would you say that your marriage is very happy, pretty happy, or not too happy?"

GSA's meeting the country's largest interdisciplinary conference in the field of aging is taking place at the John B. Hynes Veterans Memorial Convention Center and Sheraton Boston Hotel from November 18 to 22. An estimated 3,500 professionals are expected to attend and the program schedule contains more than 500 scientific sessions featuring research presented for the first time. Jackson's presentation, "Exploring the Relationship Between Frequency of Sexual Activity and Happiness Among Older Married Americans," is taking place at 1 p.m. on Sunday, November 20, in room 103 of the Convention Center.

###

The Gerontological Society of America (GSA) is the nation's oldest and largest interdisciplinary organization devoted to research, education, and practice in the field of aging. The principal mission of the Society and its 5,400+ members is to advance the study of aging and disseminate information among scientists, decision makers, and the general public. GSA's structure also includes a policy institute, the National Academy on an Aging Society, and an educational branch, the Association for Gerontology in Higher Education.


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


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Source: http://www.eurekalert.org/pub_releases/2011-11/tgso-sfs111711.php

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