Saturday, January 21, 2012

Tech stocks boost the market

Strong earnings reports from IBM and Microsoft drove the Dow Jones industrial average higher Friday. The Dow rose 96 points to close at 12720.

IBM and Microsoft drove the Dow Jones industrial average higher Friday after the tech giants reported stronger earnings than analysts expected.

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Microsoft said sales of Xbox games and Office software helped push revenue up in the last quarter of 2011. IBM credited better sales of software and services and raised its earnings outlook for the year. Microsoft rose 6 percent and IBM rose 4 percent.

The Dow rose 96.50 points to close at 12,720.48. That's a gain of 0.8 percent. Without the huge gains in IBM and Microsoft, the Dow would have risen just 24 points.

The S&P 500 index inched up 0.88 to 1,315.38. Both the Dow and S&P ended the week with gains of more than 2 percent.

Plenty of things are going right, said Frank Fantozzi, CEO of Planned Financial Services, an independent wealth manager in Cleveland. Applications for unemployment benefits dropped last week to the lowest level in nearly four years. Housing sales are steadily rising. And most companies are reporting better profits.

"Overall, we're moving in the right direction and it's bolstered the market," Fantozzi said. "The S&P getting over 1,300 this week is a nice sign."

Google lost 8.4 percent after its earnings per share fell a dollar short of analysts' estimates. The misfire stemmed from an 8 percent drop in prices that the Internet search giant charges advertisers for each click.

Google's drop tugged the Nasdaq composite index lower. It fell 1.63 points to 2,786.70.

Even though high-profile companies such as Google and JPMorgan Chase have posted disappointing earnings results in the past week, the trend is moving in the opposite direction. Of the 60 companies in the S&P index that have reported earnings so far, 62 percent have beaten estimates, according to John Butters, senior earnings analyst at FactSet Research.

In another sign that traders were becoming more willing to take on risk, the yield on the 10-year Treasury note crossed above 2 percent for the first time in two weeks. The yield, a widely used benchmark for corporate and consumer borrowing, had inched lower since early December as traders parked money in the safest of assets.

The National Association of Realtors said that home sales rose 5 percent in December, the third straight monthly increase.

Among other companies in the news:

? Capital One Financial lost 5.6 percent. The bank and credit-card company's earnings sank 41 percent as expenses for marketing, salaries and legal fees jumped compared with the year before.

? Schlumberger rose 1.3 percent. The oil-field services company's quarterly profit surged 36 percent, helped by exploration work in the Middle East and Africa. The company also raised its quarterly dividend to 27.5 cents.

- Intel rose 2.9 percent. The world's largest chip maker reported stronger profits after the market closed Thursday. Intel's results got a boost from sales to China and other developing countries, where many people are buying PCs for the first time.

Stocks have been on a slow and steady climb to start 2012. The S&P 500 has closed higher on 11 of 13 days and is now up 4.6 percent for the year.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/zpzcvYU6dgY/Tech-stocks-boost-the-market

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Utah doctor facing murder charge gets transferred (AP)

ELKTON, Md. ? A Utah doctor facing a murder charge related to a botched second-trimester abortion has been extradited to Maryland.

An attorney for Dr. Nicola Riley says Riley was flown to Maryland Thursday and has an initial appearance and bail review scheduled for Friday morning in Elkton. Prosecutors did not return a message seeking comment.

Maryland authorities charged the 46-year-old physician in December with one count each of first-degree and second-degree felony murder, and conspiracy to commit first-degree murder.

The charges come from an August 2010 procedure that left an 18-year-old woman with a ruptured uterus and injured bowel.

Prosecutors say Riley drove the woman to the hospital rather than call 911.

Riley has not yet entered a plea, although her defense attorneys have said nothing illegal occurred.

Source: http://us.rd.yahoo.com/dailynews/rss/crime/*http%3A//news.yahoo.com/s/ap/20120119/ap_on_re_us/us_md_abortion_doctors_charged

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Friday, January 20, 2012

Israel's Barak: Decision on Iran attack 'far off' (AP)

JERUSALEM ? Israel's defense minister says his country is "very far off" from deciding on whether to launch a military strike on Iran's nuclear program.

Ehud Barak did not specify when such a decision might be made, in his interview Wednesday with Army Radio.

He also denied Israeli media speculation that Army Gen. Martin Dempsey, the chairman of the U.S. Joint Chiefs of Staff, would use his visit here on Thursday to pressure Israel not to attack.

Barak said the U.S. respects Israel's freedom of action and that the Israeli government doesn't "have the luxury" to "roll over responsibility" for Israel's fate to the U.S.

Israel considers Iran its most fearsome enemy and does not believe Tehran's claims that its nuclear program is designed to produce energy, not bombs.

Source: http://us.rd.yahoo.com/dailynews/rss/iran/*http%3A//news.yahoo.com/s/ap/20120118/ap_on_re_mi_ea/ml_israel_iran

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WOUNDED BIRD: PETS!

PRAYER FOR A RECTOR

Almighty God, giver of every good gift: Look graciously on your Church, and so guide the minds of those who shall choose a rector for St. John's Parish, that we may receive a faithful pastor, who will care for your people and equip us for our ministries; through Jesus Christ our Lord. Amen.

PRAYER FOR THE ELECTION OF A BISHOP

Almighty God, giver of every good gift: Look graciously on your Church, and so guide the minds of those who shall choose a bishop for the Dioceses of Atlanta, Lexington, Pittsburgh PA, and Western Louisiana that they may receive faithful pastors, who will care for your people and equip them for their ministries; through Jesus Christ our Lord. Amen.

Bloggers' Prayer

"Almighty God, you proclaim your truth in every age by many voices: Direct, in our time, we pray, those who speak where many listen and write what many read; that they may do their part in making the heart of this people wise, its mind sound, and its will righteous; to the honor of Jesus Christ our Lord."
Book of Common Prayer

GOD'S PRESENCE

O my God, since Thou art with me, and I must now, in obedience to Thy commands, apply my mind to these outward things, I beseech Thee to grant me the grace to continue in Thy presence; and to this end do Thou prosper me with Thy assistance, receive all my works, and possess all my affections.
Brother Lawrence

"How can you initiate someone and then treat them like a half-assed baptized?"
The Rt Rev Barbara Harris

Windsor Is Just A Report

?The Windsor Report,? he said. ?It?s just a report. When did it become like The Bible. The Covenant. Why do we need another covenant? We have the Baptismal Covenant. We have the creeds. What else do we need??
Bishop Martin Barahona, retired primate of Central America

Anonymous Comments

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On occasion, Wounded Bird, indulges in irony.

"I hope that I never ridicule what is wise or good. Follies and nonsense, whims and inconsistencies do divert me, I own, and I laugh at them whenever I can."
Elizabeth Bennet, Pride and Prejudice by Jane Austen

THIS BLOG IS NOT WINDSOR-COMPLIANT

"Her blog is fairly successful...." GN

?Let those who have a voice, speak out for the voiceless.?
?scar Romero

"Silence is the voice of complicity."
Fr. Roy Bourgeois

"I believe that unarmed truth and unconditional love will have the final word in reality. This is why right temporarily defeated is stronger than evil triumphant."
Martin Luther King

"There ain't nothin' more powerful than the odor of mendacity...You can smell it. It smells like death."
Tennessee Williams, Cat on a Hot Tin Roof

Source: http://thewoundedbird.blogspot.com/2012/01/pets.html

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McAfee software bug could turn customers' PCs into spam servers (Reuters)

BOSTON (Reuters) ? Anti-virus software maker McAfee warned that a flaw in one of its products could make customers' PCs vulnerable to attacks in which hackers used their computers to distribute spam.

The company, which is a unit of chipmaker Intel Corp, disclosed the flaw in a message to customers on its website Wednesday.

McAfee spokesman Ian Bain said t least one customer had fallen victim to such an attack, which leveraged a flaw in a service offering known as McAfee SaaS for Total Protection.

The web-based service protects customers from viruses hidden in emails and websites. Bain said the flaw was in a piece of software that McAfee customers install on their PCs to enable them to use the service.

While the flaw could enable hackers to send spam from machines of McAfee SaaS for Total Protection customers, it does not grant them access to data on an affected PC, Bain said.

He said that the company's engineers were working to fix the bug and expected to have it fixed on Thursday.

In April 2010, a glitch included in a regular release of McAfee's anti-virus software mistakenly identified part of Microsoft Corp's (MSFT.O) popular Windows XP operating system as a virus, triggering personal computer outages at many of its customers, including more than 100 large corporations.

(Reporting by Jim Finkle; Editing by Matt Driskill)

Source: http://us.rd.yahoo.com/dailynews/rss/security/*http%3A//news.yahoo.com/s/nm/20120119/wr_nm/us_mcafee

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Thursday, January 19, 2012

European soccer's fight against racism not yet won

By JOHN LEICESTER

AP Sports Writer

Associated Press Sports

updated 9:21 a.m. ET Jan. 19, 2012

PARIS (AP) - For fans of soccer, Feb. 1 promises to be a sad day.

John Terry, one of the most rugged, fearsome and admired defenders anywhere in the world, a natural leader who captains his club, Chelsea, and his country, England, will appear at a London courthouse to face a criminal charge that he abused a black colleague with a torrent of vile, racially insulting language.

Terry insists the whole affair is a misunderstanding. Born and raised in the ethnic melting pot of east London, he has played with or alongside black players all of his sporting life. Yet video from an Oct. 23 Premier League match appeared to show him shouting, "You ------- black ----" at Queens Park Rangers defender Anton Ferdinand, whose brother, Rio, has long been Terry's partner in the England defense.

Terry was quick to issue a statement: "People have leapt to the wrong conclusions about the context of what I was seen to be saying." He vowed to "fight tooth and nail to prove my innocence" at the West London Magistrates' Court.

Still, this and other incidents in England and elsewhere in Europe are raising questions about whether efforts to stamp out racist behavior in the world's No. 1 sport have taken a big step backward after having made so many strides forward in the past decade or more. Have racist fans and players simply been lurking, unrepentant, under the surface, instead of being hounded out? Have soccer authorities, led by world governing body FIFA and its European cousin, UEFA, eased up too early in their often-stated determination to rid the global sport of all forms of discrimination?

"We were winning," said Steve Rotheram, a British lawmaker who successfully lobbied for a parliamentary committee to take a new look at racism in sports, following the Terry case and others. However, "people have started to ask about institutional racism and, you know, whether or not the sort of improvements that we'd all hoped have happened over the past 20 years are actually embedded."

The inquiry will start gathering evidence in March. "We've got to be ever vigilant, to make certain that racism doesn't make a comeback," Rotheram said in a phone interview.

Some countries fight soccer extremists with greater determination than others. Some believe the only effective way to punish and ostracize extremist fans is by punishing their clubs. For others, a long-term solution is to educate fans so they police themselves and no longer tolerate bigots in their midst.

"One of the reasons why the UK and Germany, I would say, have been so successful in tackling this problem is through the peer pressure that was exerted toward those fans who were being racist - when people used the logic of 'Well, how can you abuse the opposition black player when we have black players of our own?"' said Piara Powar, executive director of the FARE network, European soccer's anti-discrimination group, partly funded by UEFA.

"When that became the dominant feeling on the terraces and in the stands that was the start of a dynamic, which, in footballing terms, one couldn't challenge," he said in a phone interview. "It was nonsensical to abuse black players because they were also your own black players."

Nir Inbar, CEO of Israeli first division team Hapoel Tel Aviv, is a proponent of punishment. At a Dec. 28 game, Beitar Jerusalem fans racially abused his Nigerian-born striker, Toto Tamuz.

"They were singing, 'Give Toto a banana,"' Inbar, who was at the game, said in a phone interview. "It is horrible to have racism in a country (where) most of its citizens are Jews. It shouldn't be here. Racism is in our dark history. We suffered a lot from racism."

Rather than merely fine Beitar, Israel's Football Association docked two points from the six-time champion, a significant punishment for a club in danger this season of relegation from the top division.

"That's what needs to happen to tackle racism. That is how supporters understand the lessons, you know?" Inbar said. "Because they did not learn the lesson when the club is getting fined, they say, 'OK, the club has enough money."'

"If it was up to me, yes, I would use this punishment more often."

In Spain, no club has ever been docked points because of racist chants or behavior by fans. Yet there have been occasions when such punishment might have been warranted. Most recently, supporters of Espanyol made monkey sounds - "hoo-hoo-hoo" - at Daniel Alves, Barcelona's defender from Brazil, in a Jan. 8 league match. The grunts grew as the game progressed and rolled from one section of the crowd to another, tracking Alves' moves across the pitch when he had the ball.

Esteban Ibarra of Spain's Movement Against Intolerance believes not only that Spanish soccer authorities are lax against racist behavior but that clubs knowingly turn a blind eye to extremist supporters because their chanting lends ambiance to games.

"Every team in the top flight has these ultras. They are the essence of these racist taunts and chants, and their idea is to try and get the stadium swept up in their cries, and sometimes that works," said Ibarra, spokesman for the lobbying group. "They are more aggressive and louder than the rest of crowd, which is generally passive in Spain. They are admitted because it helps (club) directors feel strong and powerful, these intimidating voices filling the stadium."

"At the moment, the ultras are able to get away with impunity and it's up to the bodies and club directors to change this. Neither are taking precautions to curb this," he said in a phone interview.

Espanyol took no action following the Alves incident even though club president Ramon Condal said, "If we can do something about those chants, we will."

The Spanish Football Federation said it won't investigate because the referee did not mention the monkey sounds in his official match report and because Alves said he didn't hear them.

In England, the Football Association also has never deducted points from a club for fans' racist behavior, although its rules allow it to do so.

"This course of action would very much be a last resort and in only the most serious of circumstances," the FA emailed in response to questions from the AP. "And instances of racist abuse have been very rare in the last 20 years."

Which is one reason why Terry's case and another involving Liverpool striker Luis Suarez came as such a surprise. An FA disciplinary panel found that during a Premier League match in October, Suarez used the words "Negro" or "Negroes" seven times in heated tussles with Manchester United defender Patrice Evra, who is black and who complained. The panel banned Suarez for eight matches.

That case plus the Terry incident have "shone a light into an area which we know is a problem, we know historically has been a huge problem, but that remained hidden - that of player-on-player abuse, that of racialized interaction, racially abusive interaction, between players," said the FARE network's Powar.

However, he also said: "The biggest surprise for me was the way that Liverpool reacted."

The American-owned club's vehement support for Suarez - players and manager Kenny Dalglish wore T-shirts featuring his picture and the team complained bitterly about the FA - looked insensitive, crass and misguided to critics. Liverpool also had to apologize this month to an Oldham player who was reduced to tears by insults from its fans during an FA Cup match.

"Liverpool, probably, with hindsight, might well have acted differently," said Rotheram, the lawmaker elected by voters from the city. Liverpool versus Manchester United is one of the biggest rivalries in European soccer, "and because it was that particular football club and Liverpool Football Club, I think that the reaction was tribal," he added.

"In regard to its impact on the city, it's not been a positive impact, I can tell you."

In England, at events unconnected to the Terry and Suarez incidents but feeding into the debates they caused, a white woman was filmed spouting racial abuse on a London tram, footage viewed hundreds of thousands of times on YouTube.

This month, a judge also sentenced two white men for the 1993 murder of Stephen Lawrence, a black 18-year-old stabbed and left to die at a south London bus stop.

"The truth is that most people don't say overtly racist things at sporting events anymore because it is socially unacceptable. But that doesn't mean to say that there aren't racists in football crowds because, at the end of the day, football crowds reflect society," Rotheram said. "It is a societal problem."

---

AP Sports Writer Paul Logothetis in Madrid contributed to this report.

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


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This documentary film tells the stories of abandoned and trafficked girls, of women who suffer extreme dowry-related violence, of brave mothers fighting to save their daughters? lives, and of other mothers who would kill for a son. Global experts and grassroots activists put the stories in context and advocate different paths towards change, while collectively lamenting the lack of any truly effective action against this injustice.

Source: http://feedproxy.google.com/~r/youmightfindyourself/~3/syTa3ihQwP4/16068493310

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