Source: http://feeds.gawker.com/~r/gizmodo/full/~3/EvbqJ-sHC5A/philippines-phone-scam-adds-to-atts-woes
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Monday, November 28, 2011
Philippines Phone Scam Adds to AT&T's Woes [At&t]
Pakistan stops NATO supplies after raid kills "up to 25" (Reuters)
YAKKAGHUND, Pakistan (Reuters) ? NATO helicopters attacked a military checkpoint in northwest Pakistan on Saturday, killing up to 25 troops and prompting Pakistan to shut the vital supply route for NATO troops fighting in Afghanistan, Pakistani officials said.
The attack comes as relations between the United States and Pakistan, its ally in the war on terror, are already badly strained following the killing of al Qaeda leader Osama bin Laden by U.S. special forces in a secret raid on the Pakistani garrison town of Abbottabad in May.
Pakistan called that raid a flagrant violation of its sovereignty.
A Pakistani military spokesman confirmed Saturday's pre-dawn cross-border attack in the tribal region of Mohmand and said casualties had been reported, but gave no details.
"NATO helicopters carried out an unprovoked and indiscriminate firing on a Pakistani check post in Mohmand agency, casualties have been reported and details are awaited," the spokesman told Reuters.
Two military officials said that up to 25 Pakistani troops had been killed and 14 wounded in the attack on the Salala check post, about 2.5 km (1.5 miles) from the Afghan border.
"We have heard about heavy casualties but can't provide you with the exact number of casualties of our troops as the post is far away, located in the mountains and is difficult to reach at the moment," a military spokesman in Peshawar said.
The attack took place around 2 a.m. (2100 GMT) in the Baizai area of Mohmand, where Pakistani troops are fighting Taliban militants.
Another senior Pakistani military officer said efforts were under way to bring the bodies of the slain soldiers to Ghalanai, the headquarters of Mohmand tribal region.
"The latest attack by NATO forces on our post will have serious repercussions as they without any reasons attacked on our post and killed soldiers asleep," he said, requesting anonymity because he was not authorized to talk to the media.
About 40 Pakistani army troops were stationed at the outpost, military sources said. Two officers were reported among the dead.
NATO supply trucks and fuel tankers bound for Afghanistan were stopped at Jamrud town in the Khyber tribal region near the city of Peshawar hours after the raid, officials said.
"We have halted the supplies and some 40 tankers and trucks have been returned from the check post in Jamrud," Mutahir Zeb, a senior government official, told Reuters.
Another official said the supplies had been stopped for security reasons.
Pakistan is a vital land route for 49 percent of NATO's supplies to its troops in Afghanistan, a NATO spokesman said.
A spokesman for the NATO-led International Security Assistance Force in Kabul said the coalition there was aware of "an incident" and was gathering more information.
The incident occurred a day after U.S. General John Allen met Pakistani Army Chief of Army Staff General Ashfaq Pervez Kayani to discuss border control and enhanced cooperation.
The Afghanistan-Pakistan border is often poorly marked, and differs between maps by up to five miles in some places.
A similar incident on Sept 30, 2009, which killed two Pakistani troops, led to the closure of one of NATO's supply routes through Pakistan for 10 days.
NATO apologized for that incident, which it said happened when NATO gunships mistook warning shots by the Pakistani forces for a militant attack.
The attack is expected to further worsen U.S.-Pakistan relations, already at one of their lowest points in history, following a tumultuous year that saw the bin Laden raid, the jailing of a CIA contractor, and U.S. accusations that Pakistan backed a militant attack on the U.S. Embassy in Kabul.
An increase in U.S. drone strikes on militants in the last few years has also irritated Islamabad, which says the campaign kills more Pakistani civilians in the border area than activists. Washington disputes that, but declines to discuss the drone campaign in detail.
"This is an attack on Pakistan's territorial sovereignty," said Masood Kasur, the governor of Pakistan's northwestern Khyber-Pakhtunkhwa province.
"Such cross-border attacks cannot be tolerated any more. The government will take up this matter at the highest level and it will be investigated."
(Additional reporting by Saud Mehsud and Jibran Ahmad; Writing by Augustine Anthony and Chris Allbritton; Editing by Nick Macfie)
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Mayor: Occupy L.A. must leave (Politico)
LOS ANGELES? Los Angeles Mayor Antonio Villaraigosa says Occupy LA protesters must leave their encampment on the lawn of City Hall by 12:01 a.m. Monday.
The mayor and police Chief Charlie Beck announced the planned ouster at a Friday afternoon news conference.
Continue ReadingThe mayor praised the protest and its aims but said the camp of about 485 tents is unsustainable and City Hall Park needs to be cleaned and restored.
Elected city leaders initially embraced the campers and the deadline to leave is a tactic that stands in stark contrast to middle-of-the-night police raids used in other cities. Villaraigosa handed out plastic ponchos one rainy day. The City Council passed a resolution to support Occupy LA. Officials found an alternate site for a farmers market that the camp displaced.
But as Occupy Los Angeles entered its seventh week with no end in sight, the dialogue started getting strained.
City Hall still made friendly overtures, trying to make a deal with the activists by offering them 10,000 square feet of office space and empty lots for a garden if they would pack up their tents. Fallout after the proposal was made public and caused the deal to be rescinded.
As camps in other cities degenerated into unrest that led to mass arrests, Occupy L.A. has remained largely a peaceful commune. Police arrive on site only when called in to investigate petty crimes. Marches have resulted in only about five spontaneous arrests - the other 70 or so involved protesters who deliberately got arrested to make a political statement.
The hands-off strategy perhaps underscores the liberal leanings of a city that has often been known for counterculture movements. But it marks a departure for a police force still striving to emerge from the shadow of the 1991 beating of Rodney King, the Rampart corruption scandal of the late ?90s, and more recently, the 2007 crackdown at an immigrants rights rally in which demonstrators and reporters were injured with batons and rubber bullets.
This time, even before the first tent was set up on the City Hall lawn, Jim Lafferty, a lawyer who has been representing Occupy LA, said Police Chief Charlie Beck assured him protesters would be left alone if they remained peaceful. Beck promised no surprise raids would be carried out, said Lafferty, executive director of the National Lawyers Guild?s Los Angeles chapter.
Protesters have done their part to cooperate. They?ve readily complied with health inspectors? demands for more portable toilets, trash pickup and food sanitation. They?ve also worked to tamp down anarchist inciters in the camp who want to provoke authorities, as well as activists with hot tempers.
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Sunday, November 27, 2011
Obama turning to Biden for help in 3 key states (AP)
WASHINGTON ? A year from Election Day, Democrats are crafting a campaign strategy for Vice President Joe Biden that targets the big three political battlegrounds: Ohio, Pennsylvania, and Florida, states where Biden might be more of an asset to President Barack Obama's re-election campaign than the president himself.
The Biden plan underscores an uncomfortable reality for the Obama team. A shaky economy and sagging enthusiasm among Democrats could shrink the electoral map for Obama in 2012, forcing his campaign to depend on carrying the 67 electoral votes up for grabs in the three swing states.
Obama won all three states in 2008. But this time he faces challenges in each, particularly in Ohio and Florida, where voters elected Republican governors in the 2010 midterm elections.
The president sometimes struggles to connect with Ohio and Pennsylvania's white working-class voters, and with Jewish voters who make up a core constituency for Florida Democrats and view him with skepticism.
Biden has built deep ties to both groups during his four decades in national politics, connections that could make a difference.
As a long-serving member of the Senate Foreign Relations Committee, Biden cemented his reputation as an unyielding supporter of Israel, winning the respect of many in the Jewish community. And Biden's upbringing in a working class, Catholic family from Scranton, Pa., gives him a valuable political intangible: He empathizes with the struggles of blue-collar Americans because his family lived those struggles.
"Talking to blue-collar voters is perhaps his greatest attribute," said Dan Schnur, a Republican political analyst. "Obama provides the speeches, and Biden provides the blue-collar subtitles."
While Biden's campaign travel won't kick into high gear until next year, he's already been making stops in Ohio, Pennsylvania and Florida this fall, speaking at events focused on education, public safety and small businesses and raising campaign cash. Behind the scenes, he's working the phones with prominent Jewish groups and Catholic organizations in those states, a Democratic official said.
Biden is also targeting organized labor, speaking frequently with union leaders in Ohio ahead of a vote earlier this month on a state law that would have curbed collective bargaining rights for public workers. After voters struck down the measure, Biden traveled to Cleveland to celebrate the victory with union members.
The Democratic official said the vice president will also be a frequent visitor to Iowa and New Hampshire in the coming weeks, seeking to steal some of the spotlight from the Republican presidential candidates blanketing those states ahead of the January caucus and primary.
And while Obama may have declared that he won't be commenting on the Republican presidential field until there's a nominee, Biden is following no such rules. He's calling out GOP candidates by name, and in true Biden style, he appears to be relishing in doing so.
During a speech last month to the Florida Democratic Convention, Biden singled out "Romney and Rick", criticizing former Massachusetts Gov. Mitt Romney for saying the government should let the foreclosure crisis hit rock bottom, and hammering Texas Gov. Rick Perry's assertion that he would send U.S. troops into Mexico.
And he took on the full GOP field during an October fundraiser in New Hampshire, saying "There is no fundamental difference among all the Republican candidates."
Democratic officials said Biden will follow in the long-standing tradition of vice presidents playing the role of attack dog, allowing Obama to stay out of the fray and appear more focused on governing than campaigning.
The officials spoke on the condition of anonymity in order to discuss internal strategy. The Obama campaign has been reluctant to publically define Biden's role in the re-election bid this early in the run, though campaign manager Jim Messina did say the vice president would deliver an economic message to appeal for support.
"You'll see him in communities across the country next year laying out the choice we face: restoring economic security for the middle class or returning to the same policies that led to our economic challenges," Messina said.
Democrats say Biden will campaign for House candidates in swing states as the party tries to recapture some of the seats in Congress lost during the 2010 midterms.
And here again, the vice president's efforts in politically crucial Ohio, Pennsylvania and Florida could be most important. The Democratic Congressional Campaign Committee is targeting 12 districts in those states that Obama and Biden carried in the 2008 presidential race but are represented by Republican representatives.
New York Rep. Steve Israel, who chairs the committee, said he believes Biden could be a "game-changer" in those districts.
"All he has to do is ask voters, has the Republican strategy of no worked for you?" Israel said.
Israel met with Obama and Biden at the White House earlier this month to discuss, among other things, their role in congressional campaigns. While Israel said he hopes Obama will actively campaign for Democratic House candidates, he said "the vice president has already volunteered."
___
Julie Pace can be reached at http://twitter.com/jpaceDC.
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CO2 climate impacts reassessed
24 November 2011
Last updated at 20:14 ET
Global temperatures could be less sensitive to changing atmospheric carbon dioxide (CO2) levels than previously thought, a study suggests.
The researchers said people should still expect to see "drastic changes" in climate worldwide, but that the risk was a little less imminent.
The results are published in Science.
Previous climate models have used meteorological measurements from the past 150 years to estimate the climate's sensitivity to rising CO2.
From these models, scientists find it difficult to narrow their projections down to a single figure with any certainty, and instead project a range of temperatures that they expect, given a doubling of atmospheric CO2 from pre-industrial levels.
The new analysis, which incorporates palaeoclimate data into existing models, attempts to project future temperatures with a little more certainty.
Lead author Andreas Schmittner from Oregon State University, US, explained that by looking at surface temperatures during the most recent ice age - 21,000 years ago - when humans were having no impact on global temperatures, he, and his colleagues, show that this period was not as cold as previous estimates suggest.
"This implies that the effect of CO2 on climate is less than previously thought," he explained
By incorporating this newly discovered "climate insensitivity" into their models, the international team was able to reduce uncertainty in its future climate projections.
The new models predict that given a doubling in CO2 levels from pre-industrial levels, the Earth's surface temperatures will rise by 1.7C to 2.6C (3.1F to 4.7F).
That is a much tighter range than suggested by the Intergovernmental Panel on Climate Change (IPCC)'s 2007 report, which suggested a rise of between 2.0C to 4.5C.
The new analysis also reduces the expected rise in average surface temperatures to just over 2C, from 3C.
The authors stress the results do not mean threat from human-induced climate change should be treated any less seriously, explained palaeoclimatologist Antoni Rosell-Mele from the Autonomous University of Barcelona, who is a member of the team that came up with the new estimates.
But it does mean that to induce large-scale warming of the planet, leading to widespread catastrophic consequences, we would have to increase CO2 more than we are going to do in the near future, he said.
"But we don't want that to happen at any time, right?"
"At least, given that no one is doing very much around the planet [about] mitigating CO2 emissions, we have a bit more time," he remarked.
Source: http://www.bbc.co.uk/go/rss/int/news/-/news/science-environment-15858603
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Gov of drug-plagued Mexico state send kids abroad (AP)
CULIACAN, Mexico ? The governor of Sinaloa state, home to Mexico's most powerful drug cartel, said Thursday that his three children are living abroad for their safety.
Gov. Mario Lopez Valdez says police have overheard cartel members on radio frequencies discussing how to kidnap one of his relatives or close associates, in the hope of exchanging them for an arrested cartel operator.
"We took the necessary measures, to the extent that we can, in order not to be in a vulnerable situation, and to be able to fulfill our duties on the issue of security," Lopez Valdez told reporters.
The statement represents a rare admission of the personal dangers faced by Mexico's governors.
None has been killed by drug gangs. But in 2010, the former governor of the Pacific state of Colima, Silverio Cavazos Ceballos, was killed by armed men a year after he left office. That same year, the leading candidate for the governorship of the border state of Tamaulipas was assassinated.
Sinaloa is considered particularly dangerous because it is the cradle of Sinaloa cartel.
Lopez Valdez said his children live abroad as a security measure "to avoid having to mourn things," but he did not specify where they were.
The governor also said that a series of 24 killings in Sinaloa Wednesday were part of disputes between drug factions.
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Saturday, November 26, 2011
Beyonce "Dance for You" Music Video: Noir & Naughty!
Beyonce is at it again.
The mega star has released yet another music video off the album "4," this one in honor of "Dance for You," one of three bonus tracks featured on the deluxe version of the CD. Watch below, as Mrs. Jay Z slinks around on a desk and goes all noir for her fans. It's sexy stuff...
Among other videos Beyonce has unveiled over the past few weeks. There has been:
- This one for "Party."
- A dance-based one for "Love on Top."
- A retro video for "Countdown."
Source: http://www.thehollywoodgossip.com/2011/11/beyonce-dance-for-you-music-video-noir-and-naughty/
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Clean air, water rules spark different responses (AP)
WASHINGTON ? Large and small companies have told Republican-led congressional committees what the party wants to hear: dire predictions of plant closings and layoffs if the Obama administration succeeds with plans to further curb air and water pollution.
But their message to financial regulators and investors conveys less gloom and certainty.
The administration itself has clouded the picture by withdrawing or postponing some of the environmental initiatives that industry labeled as being among the most onerous.
Still, Republicans plan to make what they say is regulatory overreach a 2012 campaign issue, taking aim at President Barack Obama, congressional Democrats and an aggressive Environmental Protection Agency.
"Republicans will be talking to voters this campaign season about how to keep Washington out of the way, so that job creators can feel confident again to create jobs for Americans," said Joanna Burgos, a spokeswoman for the House Republican campaign organization.
The Associated Press compared the companies' congressional testimony to company reports submitted to the Securities and Exchange Commission. The reports to the SEC consistently said the impact of environmental proposals is unknown or would not cause serious financial harm to a firm's finances.
Companies can legitimately argue that their less gloomy SEC filings are correct, since most of the tougher anti-pollution proposals have not been finalized. And their officials' testimony before congressional committees was sometimes on behalf of ? and written by ? trade associations, a perspective that can differ from an individual company's view.
But the disparity in the messages shows that in a political environment, business has no misgivings about describing potential economic horror stories to lawmakers.
"As an industry, we have said this before, we face a potential regulatory train wreck," Anthony Earley Jr., then the executive chairman of DTE Energy in Michigan, told a House committee on April 15. "Without the right policy, we could be headed for disaster."
The severe economic consequences, he said, would be devastating to the electric utility's customers, especially Detroit residents who "simply cannot afford" higher rates.
Earley, who is now chairman and CEO of Pacific Gas & Electric Corp., said if the EPA had its way, coal-fired plants would be replaced with natural gas ? leading to a spike in gas prices. He said he was testifying for the electric industry, not just his company.
But in its quarterly report to the SEC, Detroit-based DTE, which serves 3 million utility customers in Michigan, said that it was "reviewing potential impacts of the proposed and recently finalized rules, but is not able to quantify the financial impact ... at this time."
Skiles Boyd, a DTE vice president for environmental issues, said in an interview that the testimony was meant to convey the potential economic hardship on ratepayers ? while the SEC report focused on the company's financial condition.
"It's two different subjects," he said.
Another congressional witness, Jim Pearce of chemical company FMC Corp., told a House hearing last Feb. 9: "The current U.S. approach to regulating greenhouse gases ... will lead U.S. natural soda ash producers to lose significant business to our offshore rivals...." Soda ash is used to produce glass, and is a major component of the company's business..
But in its annual report covering 2010 and submitted to the SEC 13 days after the testimony, the company said it was "premature to make any estimate of the costs of complying with un-enacted federal climate change legislation, or as yet un-implemented federal regulations in the United States." The Philadelphia-based company did not respond to a request for comment..
California Rep. Henry Waxman, the senior Democrat on the House Energy and Commerce Committee, said the SEC filings "show that the anti-regulation rhetoric in Washington is political hot air with little or no connection to reality."
House Republicans have conducted dozens of hearings, and passed more than a dozen bills to stop proposed environmental rules. So far, all the GOP bills have gone nowhere in the Democratic-run Senate.
"I will see to it, to the best of my ability, to try to stop everything," California Sen . Barbara Boxer, the Democratic chairman of the Senate's environment committee, vowed in reference to GOP legislation aimed at reining in the EPA. She predicted Republicans "will lose seats over this."
The Obama administration has reconsidered some of the environmental proposals in response to the drumbeat from business groups. In September, the president scrubbed a clean-air regulation that aimed to reduce health-threatening smog. Last May, EPA delayed indefinitely regulations to reduce toxic pollution from boilers and incinerators.
James Rubright, CEO of Rock-Tenn Co., a Norcross, Ga.-based producer of corrugated-and-consumer packaging, told a House panel in September that a variety of EPA, job safety and chemical security regulations would require "significant capital investment" ? money that "otherwise go to growth in manufacturing capacity and the attendant production of jobs."
Rubright conveyed a consulting firm's conclusion that EPA's original boiler proposal before the Obama administration withdrew it in May would have cost the forest products industry about $7 billion, and the packaging industry $6.8 billion.
Another industry study, he said, warned that original boiler rule would have placed 36 mills at risk and would have jeopardized more than 20,000 jobs in the pulp and paper industries ? about 18 percent of the work force.
But a month before his testimony_ and three months after EPA withdrew its boiler proposal ? Rock-Tenn told the SEC that "future compliance with these environmental laws and regulations will not have a material adverse effect on our results or operations, financial condition or cash flows." The company did not respond to a request for comment.
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Deep sea fishing for tuna began 42,000 years ago
Tuna has been on the menu for a lot longer than we thought. Even 42,000 years ago, the deep-sea dweller wasn't safe from fishing tackle according to new finds in southeast Asia.
We know that open water was no barrier to travel in the Pleistocene ? humans must have crossed hundreds of kilometres of ocean to reach Australia by 50,000 years ago. But while humans had already been pulling shellfish out of the shallows for 100,000 years by that point, the first good evidence of fishing with hooks or spears comes much later ? around 12,000 years ago.
The new finds blow that record out of the water. Sue O'Connor at the Australian National University in Canberra and colleagues dug through deposits at the Jerimalai shelter in East Timor. They discovered 38,000 fish bones from 23 different taxa, including tuna and parrotfish that are found only in deep water. Radiocarbon dating revealed the earliest bones were 42,000 years old.
Amidst the fishy debris was a broken fish hook fashioned from shell, which the team dated to between 16,000 and 23,000 years. "This is the earliest known example of a fish hook," says O'Connor. Another hook, made around 11,000 years ago, was also found.
Sandra Bowdler at the University of Western Australia in Perth, who was not involved in the study, is convinced that those colonising East Timor 42,000 years ago had "fully formed" fishing skills. "By this time, modern humans are assumed to have the same mental capacities as today," she says.
"There is nothing like this anywhere else in the world," says Ian McNiven of Monash University in Melbourne, who was not a member of O'Connor's team. "Maybe this is the crucible for fishing."
East Timor hosts few large land animals, so early occupants would have needed highly developed fishing skills to survive. "Necessity is the mother of invention," says O'Connor. "Apart from bats and rats, there's nothing to eat here."
But that doesn't necessarily mean that fishing began in the region. At the time, sea-levels were around 60 to 70 metres lower than today. Any sites of former human occupation that were located on the Pleistocene shore ? rather than in coastal cliffs like the Jerimalai shelter ? are now submerged.
Broader patterns of human migration suggest that more evidence of fishing would be found through examining those submerged sites. After leaving Africa around 70,000 years ago, it took modern humans only 20,000 years to skirt around Asia and reach Australia. The journey over land into Europe, although much shorter, took 30,000 years. "Humans appeared to move quite quickly along the coasts," says McNiven. "Developed fishing skills could have kept them moving."
Journal Reference: Science DOI: 10.1126/science.1207703
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Friday, November 25, 2011
Family of U.S. student freed in Egypt gives thanks (Reuters)
NEW YORK (Reuters) ? Joy Sweeney's Thanksgiving wishes were granted in a predawn email on Thursday notifying her that her son and two other American students arrested on suspicion of throwing gasoline bombs in Egypt would be freed.
Sweeney said she was notified by email at 5:30 a.m. CST that Egyptian authorities would not appeal a judge's release order for her son Derrik Sweeney, 19 as well as Gregory Porter, 19, and Luke Gates, 21. They were detained this week during the protests in Cairo's Tahrir Square.
"I've gone from the low lows to the high highs," she said in a telephone interview with Reuters from the family's home in Jefferson City, Missouri.
"Oh my God, I'm absolutely ecstatic to have this news on Thanksgiving. He won't be home today but he'll be home soon," said Sweeney, who owns an art gallery and is executive director of Council for Drug Free Youth, a non-profit organization.
She had spoken with him for a minute shortly after he was detained.
"Initially I think they were treated roughly. He said they were not treated well at the beginning. Those his exact words," Sweeney said.
As for what her son was doing at the protests, she said, "He wanted to go there to observe the Egyptian culture and to be with them."
PLASTIC BOTTLES
Asked whether the students had the makings for gasoline bombs as initially alleged by Egyptian authorities, she quoted her older son, Josh, 27, a former Air Force serviceman who served in Iraq, who noted the students were carrying plastic bottles.
"'If they were accused of having Molotov cocktails, they would have had glass bottles,'" she quoted him as saying.
The students -- Sweeney of Georgetown University, Porter of Drexel University, and Gates of Indiana University -- were studying abroad at American University's Cairo campus.
Indiana University spokesman Mark Land, who is in contact with Gates's parents, did not have details on how he was treated.
He said the students' release had been slowed because of a holiday but should be in "a couple of days."
Gates plans to return immediately to Indiana after his release. "His parents have spoken with him and he seems to be doing OK," Land said.
Mark Toner, a spokesman for the State Department, said the United States was trying to confirm reports of the release and was in contact with the students' families.
"We appreciate the ongoing expeditious consideration of this case by the Egyptian authorities," he said in a statement.
Drexel spokeswoman Niki Gianakaris called the Thanksgiving email from Cairo "very encouraging news about Greg and the other two students" but had no further information.
Sweeney had been due to return to the United States on December 22 at the end of the semester. His older brother, a Northrop Grumman employee working in Kunduz, Afghanistan, was planning to stop in Cairo and join him for the trip home for Christmas.
"Josh said, 'There goes my trip to Cairo,'" their mother said.
(Additional reporting by Eric Johnson in Chicago and Dave Warner in Philadelphia; Editing by Ian Simpson)
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Vegas airport eyes Asia with new terminal
LAS VEGAS?? Never mind "What happens in Vegas stays in Vegas." Perhaps the new slogan for America's gambling capital should be "Stop over for a quickie in Sin City."
A quick visit, that is. Las Vegas tourism officials are betting that a new air terminal will lure some travelers to use Las Vegas as a regular stopover en route to Asia or other foreign places.
Some might never leave McCarran International Airport, while others might decide to make casinos happy by hopping in a cab and spending a few hours gambling.
Either way is fine with the airport ? it just needs enough people traveling here to justify a $2.4 billion expansion conceived when Las Vegas was much busier. The new terminal opens in June.
The city still expects most visitors to vacation here for longer periods, but the new pitch marks a big change from past years when Vegas could count on filling planes solely as a destination. Since the Great Recession crushed tourism, airlines have canceled Vegas-bound routes and left casinos scrambling for customers.
The new terminal would also let travelers heading to Asia or elsewhere avoid longer lines at customs in Los Angeles or San Francisco and take advantage of cheap fares to Vegas.
At the same time, airport and tourism officials are pitching the new terminal to airlines based outside the United States as a destination for direct service, pointing to regular service from England, South Korea and Mexico as successes that justify more international flights here without stops elsewhere first.
The new terminal, conceived before the meltdown, will boost the airport's total capacity to up to 53 million passengers a year. The airport's existing international terminal with four gates will close once it opens, and more than 20 airlines already plan to use it, offloading some traffic from existing gates.
Korean Air flies directly from Las Vegas to Seoul three times per week, and is looking to increase to daily flights.
"We see Las Vegas not just as an origin and destination point, but also as another hub for us," said John Jackson III, vice president of passenger marketing and sales for Korean Air's Americas region.
"We aim to connect passengers from Salt Lake, from Denver, from Phoenix, from Albuquerque via Las Vegas when they're going to Seoul," Jackson said. "And on the other end of the Pacific, connecting Seoul to one of those 80-something destinations that are served nonstop from Seoul."
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The new terminal will not offer direct service to China. Tourism and airport officials cite visa requirements for U.S.-bound Chinese travelers as a big obstacle in developing that market, but they say they're working on it and are in talks with Chinese carriers.
"Air development is a marathon, not a sprint," said Cathy Tull, senior vice president of marketing for the Las Vegas Convention and Visitors Authority, which is one of the few U.S. tourism agencies to maintain an office in China.
But at least one airline industry expert says it won't be easy for Las Vegas to become the international gateway it aspires to be.
"I wouldn't call the new terminal a white elephant, but it's going to be quite empty for a long time if they're looking for flights to Asia," said Mo Garfinkle, chief executive of GCW Consulting, an aviation firm with expertise in business development in China and other Asian markets.
Beyond visa issues, Garfinkle noted that Vegas is not a hub for any major domestic airline. He said international carriers won't bypass cities where they already have partnerships with other U.S. airlines.
"I think it's too little, too late," he said. "It doesn't mean that they won't get something ... but they need to realign their marketing focus to today's reality."
Garfinkle also rejected the notion that the popularity of gambling as a recreational activity in Asian culture will draw large numbers of visitors. "The Asians don't need to come to Las Vegas to get Las Vegas-style gambling," he said.
Macau, in China, is the world's top gambling market, while Singapore has also emerged as a highly profitable gambling destination.
Air traffic to Vegas has declined from its peak of more than 47 million passengers in 2007 to fewer than 40 million in 2010. But while domestic air traffic has been relatively flat over the past year and a half, international passengers have increased 18 percent. During the fourth quarter this year, capacity on foreign flights is scheduled to be 28 percent higher than the same quarter in 2010.
Increased customs capacity could keep those numbers trending even higher. The new terminal, scheduled to open June 27, will be able to process 2,200 passengers through customs per hour from flights arriving at six international gates. That's a big increase over current customs capacity of just 800 international passengers and three flight arrivals per hour.
The new terminal, roughly a half-mile long, will have a total of 14 gates, plus connections via underground tram within security to other gates at the airport. Electronic signage will make it easy to change ticketing and dropoff areas depending on who's flying in.
"We could double (international flight capacity) before we start stressing out," said Randall Walker, director of aviation for Clark County.
Las Vegas loves international travelers because they stay longer than Americans and spend more, an average of $400 more per person per trip, Tull said.
Walker said he doesn't expect the airport to crack the top 10 markets in terms of international travelers in the U.S. But he said that marketing the city as a stopover as well as a destination is "an important component of our growth."
In 2013, Las Vegas will host top air service executives at the World Route Development Forum ? the first time the forum will be held in the United States. Tull said that's a chance to give influential decision-makers a first look at Las Vegas, and perhaps convince them to send more flights Sin City's way.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://www.msnbc.msn.com/id/45417728/ns/travel-news/
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Thanksgiving TV: Your Guide to the Marathons, Specials and Sports (omg!)
If you're going to spend much of the Thanksgiving holiday on the couch ? after all, you'll have lots of food to digest -- there's plenty of TV to watch. Check out our roundup of marathons, specials and games. All times are Eastern (ET):
Parades and Specials:
Macy's Thanksgiving Day Parade (9 a.m.-12 p.m., NBC)
The National Dog Show (12 p.m.-2 p.m., NBC)
Miracle on 34th Street (2 p.m.-4 p.m., NBC)
Ice Age: A Mammoth Christmas (8 p.m.-8:30 p.m., Fox)
A Charlie Brown Thanksgiving (8 p.m.-9 p.m., ABC)
The Real Story of Thanksgiving (8 p.m.-9 p.m., History)
Punkin Chunkin 2011 (8 p.m.-10 p.m., Science & Discovery)
Dr. Seuss' Horton Hears a Who! (8 p.m.-10 p.m., NBC)
Happiness Is a Warm Blanket, Charlie Brown (8:30 p.m.-9:30 p.m., Fox)
Swampsgiving (9 p.m.-10 p.m., History)
A Very Gaga Thanksgiving (9:30 p.m.-11 p.m., ABC)
The 85th Anniversary of Macy's Thanksgiving Day Parade (10 p.m.-11 p.m., NBC)
This Is It (10 p.m.-12:30 a.m. Friday, VH1)
Sports:
Green Bay Packers at Detroit Lions (12:30 p.m., Fox)
Miami Dolphins at Dallas Cowboys (4:15 p.m., CBS)
San Francisco 49ers at Baltimore Ravens (8:20 p.m., NFLN)
Marathons:
Buffy the Vampire Slayer (6 a.m-4 p.m., Chiller)
Cake Boss (6 a.m.-8:30 p.m., TLC)
Supernanny (6 a.m.-3 a.m Friday, Style)
Arrested Development (6 a.m.-6 a.m. Friday, IFC)
Roseanne (7 a.m.-7 p.m., Oxygen)
Cool Tools (7 a.m.-4 a.m. Friday, DIY Network)
Top 30 Family Videos for Thanksgiving (7:30 a.m.-11 a.m., CMT)
My Wife and Kids (8 a.m.-5 p.m., BET)
IRT Deadliest Roads (8 a.m.-8 p.m., History)
Deal or No Deal (8 a.m.-midnight, GSN)
The First 48 (8 a.m.-4:00 a.m. Friday, A&E)
Star Trek: The Next Generation (8 a.m.-5 a.m Friday, BBC America)
James Bond films (8 a.m.-5:30 a.m Friday, Syfy)
The Andy Griffith Show (8 a.m.-7:30 p.m., TV Land)
How It's Made (9 a.m.-6:30 p.m., Science)
American Guns (9 a.m.-8 p.m., Discovery)
Bones (10 a.m.-8 p.m., TNT)
NCIS (10 a.m.-8 p.m., USA)
Braxton Family Values (10 a.m.-10 p.m., WEtv)
The Godfather Parts 1 and 2 (11:30 a.m.-8 p.m., AMC)
Designing Women (3 p.m.-8 p.m., TV Guide Network)
Brothers & Sisters (5 p.m.-1 a.m. Friday, SOAPnet)
Reed Between the Lines (5 p.m.-midnight, BET)
Friends (9 p.m.-5:30 a.m., Nick at Nite)
The Comedy Central Roast (10:30 p.m.-1:40 a.m. Friday, Comedy Central)
What are you planning to watch on Thanksgiving?
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Thursday, November 24, 2011
Tumor-specific pathway identified
ScienceDaily (Nov. 22, 2011) ? A research team led by UT Southwestern Medical Center scientists has identified an atypical metabolic pathway unique to some tumors, possibly providing a future target for drugs that could reduce or halt the spread of cancer.
Dr. Ralph DeBerardinis, senior author of the study published Nov. 20 in Nature, likened the newly discovered pathway to traffic that is rerouted during a highway construction project.
"If we hone in on this reverse pathway, then we may be able to prevent the growth of certain types of cancer," said Dr. DeBerardinis, assistant professor of pediatrics and a physician scientist in the Eugene McDermott Center for Human Growth and Development. "It's long been thought that targeting tumor-specific metabolic pathways would lead to an effective way to treat cancer. This is one of the few metabolic pathways that may actually exist specifically in tumors."
The pathway involves the Krebs cycle, a series of chemical reactions that generates energy and is considered one of the most familiar and widely studied processes in biology. In the normal cycle, energy is derived by the breakdown of acetate from ingested carbohydrates, fats and proteins into carbon dioxide and water.
For more than 70 years, biology textbooks have depicted the Krebs cycle as running clockwise in normal cells. UT Southwestern researchers found that in some tumors the cycle runs in reverse.
The discovery is the latest milestone in a long line of scientific inquiry that began in the 1920s when biochemists first recognized metabolic differences between cancer cells and normal cells. Scientists since have thought they could stop the growth of cancer cells with drugs that target only tumor-specific pathways, leaving normal cells unaffected.
Researchers have identified only a few such therapeutic windows, the latest of which appears to be the reverse Krebs cycle pathway identified by Dr. DeBerardinis and colleagues in this investigation.
"There is no pathway that has been more extensively studied over the years than the Krebs cycle," Dr. DeBerardinis said. "The fact that with relatively modest manipulation, it can run in reverse is incredibly fascinating."
Dr. James K.V. Willson, director of the Harold C. Simmons Comprehensive Cancer Center, said the findings are significant.
"We are learning that certain cancers have previously unrecognized mutations in genes controlling metabolism -- and these abnormalities are providing new therapeutic opportunities," he said.
Andrew Mullen, a graduate student in genetics and development at UT Southwestern, was first author of the paper. Other UT Southwestern researchers involved in the study were Dr. Eunsook Jin, instructor in the Advanced Imaging Research Center; Pei-Hsuan Chen, graduate student in integrative biology; and Dr. Tzuling Cheng, a postdoctoral researcher in pediatrics. Scientists from Northwestern University and from the National Cancer Institute also participated.
The project was funded in part with a grant from the Cancer Prevention and Research Institute of Texas.
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The above story is reprinted from materials provided by UT Southwestern Medical Center.
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Journal Reference:
- Andrew R. Mullen, William W. Wheaton, Eunsook S. Jin, Pei-Hsuan Chen, Lucas B. Sullivan, Tzuling Cheng, Youfeng Yang, W. Marston Linehan, Navdeep S. Chandel, Ralph J. DeBerardinis. Reductive carboxylation supports growth in tumour cells with defective mitochondria. Nature, 2011; DOI: 10.1038/nature10642
Note: If no author is given, the source is cited instead.
Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/Uw0MOjXwcK0/111122113006.htm
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Obama pardons pair of gobblers for Thanksgiving (AP)
WASHINGTON ? With a wave of his hand, President Barack Obama on Wednesday gave two plump turkeys a Thanksgiving reprieve, noting that without his intervention, "they'd end up next to the mashed potatoes and stuffing."
The official national Thanksgiving turkey is a 19-week-old, 45-pound bird named Liberty. Its alternate, also spared, is a turkey of the same age and size named Peace.
Liberty sat calmly as Obama, accompanied by daughters Sasha and Malia, offered a blessing, his hand over the turkey's head. Obama said Liberty had the distinction of being "the luckiest bird on the face of the earth."
"Right now, he's also probably one of the most confused," Obama said.
Obama jokingly cast his pardon as yet another of his "We Can't Wait" initiatives. "Recently, I've been taking a series of executive actions that don't require congressional approval," the president said. "Well, here's another one. We can't wait to pardon these turkeys."
In a more sober tone, Obama called on Americans to remember the meaning of Thanksgiving and to be mindful of those who have less.
"Let's think about those who can't spend the holiday with their loved ones, especially the members of our military serving overseas," he said. "I'd like to thank all our men and women in uniform, and their families, for their incredible service and devotion."
Liberty and Peace were selected from among 30 turkeys raised and groomed by student members of the Future Farmers of America in Willmar, Minn., for a potential presidential amnesty.
The birds' home state of Minnesota will surely spur analysis about the value of sparing turkeys from a political battleground state ahead of an election year. But the motives might be simpler ? Minnesota produces more turkeys than any other U.S. state.
Obama said the students trained the turkeys to face the White House press corps by exposing them to loud noises and flash bulbs.
"They also received the most important part of their media training, which involved learning how to gobble without really saying anything," he said.
Following the pardon ceremony at the White House, Liberty and Peace will retire to the historic home of George Washington in nearby Mount Vernon, Va. Obama said Liberty first will have to finish "a round of cable hits and Sunday shows."
The turkeys will endure further celebrity during "Christmas at Mount Vernon," a special program that runs through Jan. 6. Following the holidays, the two birds will live in a custom-made enclosure at Mount Vernon's livestock facility.
The birds are larger than the average U.S.-bred turkey. According to the Agriculture Department, the U.S. turkey industry produces more than 250 million birds a year, with each live bird averaging about 25 pounds.
Later Wednesday, the president, his daughters and first lady Michelle Obama planned to deliver two not-so-lucky birds to a local food pantry, where the first family planned to serve patrons.
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Introducing the monarch butterfly genome
Wednesday, November 23, 2011
The Monarch butterfly is famous for its ability to travel up to 2,000 miles from North America to central Mexico every fall. Now, it's enjoying fame of a different sort. In the November 23rd issue of Cell, researchers report the full genomic sequence of this iconic butterfly. The new genome is the first for any butterfly. It is also the first complete genome of any long-distance migrant.
"With this genome sequence in hand, we now have an overwhelming number of opportunities to understand the genetic and molecular basis of long-distance migration," says Steven Reppert of the University of Massachusetts Medical School.
Reppert's team has been studying the monarch migration for years, with a particular interest in how their brains incorporate information in time and space to find their way. Monarchs are all the more remarkable given that migrating butterflies are always at least two generations removed from those that made the journey the previous fall. "It is in their genes," Reppert said.
The researchers focused their genome analysis on pathways known to be critical for this migration, including those responsible for vision, the circadian clock, and oriented flight. The genome also revealed the complete set of genes required for synthesizing juvenile hormone. Changes in that hormone are required for migrating butterflies to shut down reproduction and extend their lifespan up to nine months. By comparison, non-migrants only live for about a month.
Comparisons of the new monarch genome with other insect genomes also reveal that butterflies and moths (Lepidoptera) are the fastest evolving insect order yet examined.
"Overall," the researchers write, "the attributes of the monarch genome and its proteome provide a treasure trove for furthering our understanding of monarch butterfly migration; a solid background for population genetic analyses between migratory and non-migratory populations; and a basis for future genetic comparison of the genes involved in navigation yet to be discovered in other long-distance migrating species, including vertebrates like migratory birds."
###
Cell Press: http://www.cellpress.com
Thanks to Cell Press for this article.
This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.
This press release has been viewed 25 time(s).
Source: http://www.labspaces.net/115441/Introducing_the_monarch_butterfly_genome
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Wednesday, November 23, 2011
Future prostate cancer treatments might be guided by math
Tuesday, November 22, 2011
Scientists have designed a first draft of a mathematical model that someday could guide treatment decisions for advanced prostate cancer, in part by helping doctors predict how individual patients will respond to therapy based on the biology of their tumors.
These decisions would apply to treatment of cancer that has already spread beyond the prostate gland or that has recurred after initial treatments, such as surgery or radiation. Patients with this more advanced prostate cancer receive a therapy called androgen ablation, which inhibits production of testosterone ? the culprit that allows a tumor to keep growing.
Though the model's outcomes remain theoretical at this point, the researchers have developed enough of a system to show that their incorporation of some personalized data ? details about a patient's tumor cell characteristics in particular ? would give doctors more than they currently have to work with in making decisions about this stage of treatment.
"The model in its current form is proof of the concept that we can capture all of these different outcomes that are observed clinically. But we still need to refine the model with as much individual data as we can obtain," said Harsh Jain, a postdoctoral fellow in Ohio State University's Mathematical Biosciences Institute and lead author of the study.
"We envision that this model would be useful for clinicians who could keep feeding the equations with data about how a patient is responding to therapy, which would offer clues about how his cancer cells are mutating. Once you have an idea about that for the short or medium term, the model could predict the optimal therapy for that patient," Jain said.
The model is described this week in the online early edition of the Proceedings of the National Academy of Sciences. Jain conducted the work with co-authors Steven Clinton, professor, and Arvinder Bhinder, assistant professor-clinical, in Ohio State's division of medical oncology, and Avner Friedman, a Distinguished University Professor at Ohio State.
Prostate cancer is diagnosed in about 240,000 American men and leads to about 34,000 deaths each year, according to the National Cancer Institute.
The treatment of this cancer in its more advanced stages brings about chemical castration by targeting one of several mechanisms involved in the production of testosterone. In most patients, cancer cells develop castration resistance over time ? on average, between 1? and two years after the start of treatment. However, the overall range of resistance development spans from a few months to more than 10 years.
Jain said that some scientists have proposed that this treatment leads directly to castrate-resistant disease because once testosterone is removed from the body, mutant cancer cells that can survive in a no- or low-testosterone environment are able to take over the tumor.
Currently, continuous treatment to eliminate testosterone is the standard of care. But because clinicians know castration resistance is inevitable, a new approach is under study. A national clinical trial is assessing the benefits and risks of intermittent androgen ablation ? keeping patients on the drugs until symptoms improve, and then giving men time off from the medication until the disease begins to progress again.
The math model developed by Ohio State scientists suggests that based on average clinical data currently available, such intermittent therapy could actually accelerate the development of castration resistance.
"In the same way that intermittent use of antibiotics gives a chance for bacteria that are resistant to the drug to take over, you might actually end up with intermittent anti-androgen therapy even more positively selecting for mutating cancer cells," Jain said.
However, the averages don't always apply, which is why the scientists are pursuing a system of differential equations to account for individual differences. For example, the "normal" levels of prostate-specific antigen, or PSA, in men's blood cover a fairly broad range, Jain noted. Yet the PSA test remains the most common screening method for prostate cancer, and is used to gauge the effectiveness of treatments in advanced stages, as well.
"The PSA ranges are massive. It's a very heterogeneous thing," Jain said. "When we are talking about cancer, our point is that those variables should be personalized. Everyone's cancer grows differently.
"There are a lot of questions. If you take an intermittent therapy route, how do you decide the scheduling of treatment? Is it based solely on PSA levels? Shouldn't there be some incorporation of personal patient characteristics into these treatment decisions? Can you identify a subgroup of patients who are predicted to respond well to this, or are there conditions when one treatment vs. another could actually make things worse?"
Math offers some answers. The model's foundation is based on existing animal and human data on prostate cancer characteristics. Beyond that, the researchers have selected parameters to plug into the equations that more specifically detail what could be going on in an individual tumor: cancer cell growth rates, cancer cell death rates, the level of activation of PSA in tumor cells, and how quickly one person's PSA can travel from the prostate to the bloodstream.
The scientists even took into account the competitive power of individual types of cancer cells ? for example, some mutated cancer cells aren't as strong as their normal cancer cell counterparts. In those cases, the math model predicts, the best treatment option would be intermittent therapy because the stronger normal cancer cells would keep mutant cells in check during time off from the medication. With the cancer consistently dominated by cells that rely on the presence of testosterone, the treatment would continue to target those stronger cells that respond to androgen ablation therapy, Jain explained.
"That's an important question with any therapy ? is it making things better or worse in terms of allowing mutated cells to take over?" he said.
Jain and colleagues are now working to boost the model's power by adding parameters that account for the blood vessel architecture in prostate tumors, a major indicator of how persistent the cancer will be. They also plan to add hundreds of individual patients' case study data to make its predictions even more authentic.
###
Ohio State University: http://researchnews.osu.edu
Thanks to Ohio State University for this article.
This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.
This press release has been viewed 59 time(s).
Source: http://www.labspaces.net/115387/Future_prostate_cancer_treatments_might_be_guided_by_math
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Brilliant Creations Advanced Notebook
Move to the head of the class with the Brilliant Creations Advanced Notebook from VTech. This innovative educational toy laptop inspired by the real thing teaches your child essential skills for success.
The Brilliant Creations Advanced Notebook measures 1.6 by 10.6 by 7.2 inches (HWD) and runs on four AA batteries. This realistic looking laptop features a 4.5-inch LCD color screen with high-quality animations. It has everything your grade school child needs to get ahead in school including 120 learning activities that teach language arts, science, math, foreign language, creativity and more! For added interactivity, this electronic learning toy also has a real computer mouse and touch pad.
Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/zXhvuedCuNM/0,2817,2396652,00.asp
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Correction: LivingSocial-Black Friday story (AP)
Sorry, Readability was unable to parse this page for content.
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7 Tools To Wake Your Ass Up on Black Friday [Video]
Source: http://feeds.gawker.com/~r/gizmodo/full/~3/b3y8AnN5NrM/
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Tuesday, November 22, 2011
Brocade Communications Systems Inc. Earnings Cheat Sheet ...
Scottrade: $7 Online Trades. Real-Time Stock Quotes 
Brocade Communications Systems Inc. (NASDAQ:BRCD) dropped to a fourth quarter loss, but results topped expectations. Brocade Communications Systems is a supplier of networking equipment, including end-to-end Internet Protocol based Ethernet networking solutions and storage area networking solutions for service providers such as telecommunication firms and cable operators.
Investing Insights: Here?s Why Chipotle?s Stock Keeps Winning.
Brocade Communications Systems Earnings Cheat Sheet for the Fourth Quarter
Results: Reported a loss of $4.3 million (one cent per diluted share) in the quarter. Brocade Communications Systems Inc. had a net income of $22.2 million or 5 cents per share in the year earlier quarter.
Revenue: Rose slightly to $550.5 million.
Actual vs. Wall St. Expectations: BRCD reported adjusted net income of 16 cents per share. By that measure, the company beat the mean estimate of 6 cents per share. It beat the average revenue estimate of $527.1 million.
Quoting Management: ?Brocade achieved outstanding results in Q4 that were led by record revenues for our Ethernet business, fast adoption of our 16 Gbps Fibre Channel products, improvements in profitability, and a record cash flow quarter from operations,? said Michael Klayko, CEO of Brocade. ?These strong performances demonstrate that we are executing well on our long-term strategy. Looking at FY 12, we plan to leverage this momentum along with our highly differentiated innovation strategy, expanding product portfolio, and our strong routes to market.?
Key Stats:
The company?s loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $1.9 million in the third quarter, a profit of $27.6 million in the second quarter and $27.2 million in the first.
The company beat estimates last quarter after being in line with expectations in the third quarter with net income of 5 cents per share.
Looking Forward: Expectations for the first quarter of the next fiscal year have not changed from 8 cents. The average estimate for the fiscal year is 29 cents per share, down from 30 cents ninety days ago.
Competitors to Watch: EMC Corporation (NYSE:EMC), Emulex Corporation (NYSE:ELX), NetApp Inc. (NASDAQ:NTAP), Hewlett-Packard Company (NYSE:HPQ), Cisco Systems, Inc. (NASDAQ:CSCO), Western Digital Corp. (NYSE:WDC), QLogic Corporation (NASDAQ:QLGC), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), and Quantum Corporation (NYSE:QTM).
Investing Insights: Here?s Why Chipotle?s Stock Keeps Winning.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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Markets fear failure in US debt talks
Pedestrians are reflected on an electronic stock indicator of a securities firm in Tokyo Monday, Nov. 21, 2011. Japan's Nikkei 225 index fell 0.1 percent to 8,365.04 in the morning session as Asian stock markets headed lower Monday as a change of government in debt-laden Spain and Singapore's warning of a sharp growth slowdown underlined the challenges facing the world economy. (AP Photo/Shizuo Kambayashi)
Pedestrians are reflected on an electronic stock indicator of a securities firm in Tokyo Monday, Nov. 21, 2011. Japan's Nikkei 225 index fell 0.1 percent to 8,365.04 in the morning session as Asian stock markets headed lower Monday as a change of government in debt-laden Spain and Singapore's warning of a sharp growth slowdown underlined the challenges facing the world economy. (AP Photo/Shizuo Kambayashi)
Pedestrians are reflected on an electronic stock indicator of a securities firm in Tokyo Monday, Nov. 21, 2011. Japan's Nikkei 225 index fell 0.1 percent to 8,365.04 in the morning session as Asian stock markets headed lower Monday as a change of government in debt-laden Spain and Singapore's warning of a sharp growth slowdown underlined the challenges facing the world economy. (AP Photo/Shizuo Kambayashi)
LONDON (AP) ? Fears that talks to reduce the U.S. deficit will collapse added to worries about European debt to push global markets sharply lower on Monday.
A special deficit-reduction supercommittee in Washington was expected to admit failure in its quest to agree on how to improve government finances by $1.2 trillion over the coming decade. The main hurdle in the bipartisan panel's negotiations was how much to raise in new taxes.
The panel's failure would trigger about $1 trillion over nine years in automatic across-the-board spending cuts that some investors fear might not be tuned well enough to sustain growth and create jobs. Analysts say that if Congress tries to dismantle those cuts, it could lead to another downgrade of the U.S. credit rating.
The talks' expected collapse revived market fears that politicians ? whether in the U.S. or Europe ? are often unable to take the decisive action required to reduce debt during a difficult period of economic slowdown.
Spain on Sunday became the third European country in as many weeks ? after Greece and Italy ? to change its government because of discontent generated by the debt crisis. It dumped its ruling Socialists for the conservative leadership of Mariano Rajoy, who inherits an economy wracked by debt and nightmarish unemployment, which at more than 21 percent is the highest among the 17 nations that use the euro.
Rajoy must lower Spain's soaring borrowing costs with deficit-reducing measures while preventing an already moribund economy from heading into a double-dip recession.
The country's borrowing rates fell in early trading on Monday but quickly rose again, with the 10-year bond yield at 6.54 percent. The borrowing rates for other key countries, such as Italy, also increased slightly, though they remained below the key 7 percent threshold that is considered unsustainable over the longer term.
With traders fearing another dismal week of losses, stock markets fell heavily. Britain's FTSE 100 dropped 2.6 percent to close at 5,222.60 while Germany's DAX fell 3.4 percent to 5,606.0 and France's CAC-40 slid 3.4 percent to 2,894.94. The euro lost 0.1 percent to $1.3505.
After Asia mostly closed lower, Wall Street also dropped sharply. The Dow Jones industrial average fell 2.6 percent to 11,487.71 while the S&P 500 lost 2.4 percent to 1,186.49.
Sentiment was not helped by the European Central Bank's announcement that last week it stepped up its program to buy the government bonds of financially weak countries like Italy to keep their borrowing rates down.
The ECB said Monday it had bought euro7.99 billion, up from euro4.48 billion the previous week, during the days when Italy's key borrowing rate threatened to rise well above 7 percent.
While the increased purchases will have helped keep market pressures at bay, experts say such sums are not enough. Many governments would like the ECB to step up the bond purchases massively, but Germany is against such a move, saying austerity measures are the only sustainable way to alleviate the debt market turmoil.
As an alternative to massive ECB bond-buying, some suggest that eurobonds ? debt issued jointly by all euro nations ? would be a key tool in calming the crisis. The European Commission will issue a report on Wednesday favoring such a solution, which is also strictly opposed by Germany, which worries about exposing its taxpayers to the bad debt of profligate countries.
In Asia, the Nikkei 225 index in Tokyo fell 0.3 percent to end at 8,348.27, its lowest closing since March 2009. Hong Kong's Hang Seng fell 1.4 percent to 18,225.85 and South Korea's Kospi dropped 1 percent to 1,820.03.
Australia's S&P/ASX 200 fell 0.3 percent to 4,163. Mainland Chinese shares fell slightly, with the benchmark Shanghai Composite Index inching down less than 0.1 percent to 2,415.13, its lowest close in almost one month.
Stocks that are heavily dependent on exports to the West have come under pressure recently, said Linus Yip of Hong Kong-based First Shanghai Securities. "The market right now is still worried about future economic growth, the European debt problem," Yip said.
Chinese Vice Premier Wang Qishan, who oversees trade and finance, said this weekend that the global economic situation is "extremely serious" and predicted the malaise is likely to be long term, state media reported.
In Tokyo trade, Mazda Motor Corp. lost 5.1 percent and Panasonic Corp. lost 2 percent. South Korea's LG Chem Ltd., which makes batteries for cars, lost 4.3 percent.
Benchmark crude for December delivery was down $2.36 at $95.31 a barrel in electronic trading on the New York Mercantile Exchange on Monday. The contract fell $1.41 to finish at $97.41 per barrel on the Nymex on Friday.
___
Pamela Sampson in Bangkok and Fu Ting in Shanghai contributed to this report.
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