Tuesday, January 31, 2012

Monday Brief: Rubinstein leaves HP, Kevin talks to RIM CEO Thorsten Heins, and more!


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Romanians probe man suspected of hacking Pentagon (AP)

BUCHAREST, Romania ? Romanian authorities are investigating a 20-year-old who is suspected of hacking into several Pentagon and NASA servers and posting confidential data he retrieved from those servers on his blog, officials said Tuesday.

The suspect was identified as Razvan Manole Cernaianu, reportedly an information technology student known online as TinKode. Organized crime prosecutors allege Cernaianu also offered to sell an application that showed how he accessed the servers.

Prosecutors said in a statement that they are cooperating with FBI and NASA representatives.

The U.S. Embassy in Bucharest said Cernaianu "used sophisticated hacking tools to gain unauthorized access to government and commercial systems." The case demonstrates that "countries and agencies around the globe" could cooperate "to counter these types of threats," it said.

Source: http://us.rd.yahoo.com/dailynews/rss/space/*http%3A//news.yahoo.com/s/ap/20120131/ap_on_re_eu/eu_romania_hacking

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Local budget cuts drag down the entire economy

?Instead of raising taxes, cities and states are balancing their budgets by laying off teachers, cops, maintenance workers. The loss of state and local jobs slows fiscal growth for everyone.

Here?s one reason we?re stuck in slow growth mode: the budget crunch among state and local governments.?

Skip to next paragraph Jared Bernstein

?

Before joining the Center on Budget and Policy Priorities as a senior fellow, Jared was chief economist to Vice President Joseph Biden and executive director of the White House Task Force on the Middle Class. He is a contributor to MSNBC and CNBC and has written numerous books, including 'Crunch: Why Do I Feel So Squeezed?'

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The figure shows the yearly percentage point contribution to or subtraction from real GDP growth from the state and local sectors since the late 1980s.? The trend bounces around but the recent cliff dive is evident.? It?s also why we keep losing jobs in these sectors month after month.?

Unlike the feds, states have to balance their budgets every year, which means they either raise taxes or cut services.? They haven?t done much on the tax side, so they?ve been laying off teachers, cops, maintenance workers; practically every month over the past few years we?ve been adding private sector jobs and shedding public sector jobs.

In a very real sense, what you have here is a microcosm of austerity measures at work in cities and towns across the country.? Moreover, this drag on growth is avoidable.? One of the most successful parts of the Recovery Act was state fiscal relief, as those dollars went directly to preserving state and local jobs.? The American Jobs Act proposed $35 billion to build on that progress, resources that would have prevented hundreds of thousands of ongoing layoffs. ?But it languishes in the dysfunctional Congress and we?re left with the fiscal drag you see in the figure.

Update: A commenter notes that this figure is a good argument against a balanced budget amendment.? Amen.? As I wrote around the time of that debate?and this bad idea hasn?t gone away?think of a recession as all the states piled in a boat together along with the federal government and the boat is taking on water.?? There?s really only one institution in that boat with bilge pump and that?s the feds.? A BBA takes the pump away?then the boat sinks?

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on jaredbernsteinblog.com.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/YVa_PsSPc4k/Local-budget-cuts-drag-down-the-entire-economy

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Allen West being redistricted out of existence in effort led by Romney ...

The establishment is fighting back, alright.

This has not received a lot of national attention, but the Republican legislature in Florida is about to push through a plan which puts Allen West at serious risk, and the person leading the effort is one of Mitt Romney?s spokemen.? As reported by The Shark Tank:

After last night?s [Jan. 26] Republican Presidential debate, the candidates? respective spinmeisters made their cases to the media as to why their guy won the debate.? One of Governor Mitt Romney?s spokesmen was Florida Representative Will Weatherford, and during the course of his remarks in the ?Spin Room?, he shed a very dim light on the ongoing redistricting process in the Florida Legislature?.

West?s congressional district inexplicably sheds the most out support as compared to all other incumbent Republican and Democrat Congressman. A few weeks back we quoted an unnamed legislator saying that, ?Allen West was screwed?, a statement which was originally made about made five months before the purposed maps were made public, leading insiders to believe that the fix was in against Allen West.? But in light of Weatherford?s comment, it is increasingly clear that this is a fait accompli.

According to Weatherford, those preliminary maps will not change- at the most, any additional changes would be minimal, and those changes would not make any appreciable difference from the preliminary maps.? In addition, Weatherford stated that a deal was struck between him, Senate President Mike Haridopolos, and Senator Don Gaetz to finalize these maps and push them through as soon as possible.

Weatherford tried to hide behind a need to comply with federal law, but that?s obviously a dodge since there could have been many ways to comply yet not sacrifice West:

A website, SaveAllenWest, had been set up, but it appears to be too late.

One of the rising stars of the Tea Party is about to be sacrificed by?the Republican establishment in Florida, led by someone spinning for Mitt Romney.

Don?t say you weren?t warned.

?

?

?

Source: http://legalinsurrection.com/2012/01/allen-west-being-redistricted-out-of-existence-in-effort-led-by-romney-florida-spokesman/

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Monday, January 30, 2012

Arsenal advances in FA Cup

updated 8:27 p.m. ET Jan. 29, 2012

LONDON - Arsenal kept its bid to end a seven-year trophy drought on track Sunday, scoring three times in eight second-half minutes to beat Aston Villa 3-2 and reach the fifth round of the FA Cup.

Villa led 2-0 at halftime on goals by Richard Dunne and Darren Bent, prompting near silence from Arsenal fans still waiting for a trophy to follow the 2005 FA Cup.

The home side got back in the game with Robin van Persie's 54th-minute penalty, tied it on Theo Walcott's lucky rebound and took the lead in the 61st on a second spot kick from Van Persie.

Middlesbrough and Sunderland will replay on Feb. 7 for the right to face Arsenal after drawing their fourth-round match 1-1.

Having avoided a fourth straight defeat, the Gunners are now just three games away from a Wembley final.

"We tried to keep focused and calm," Arsenal manager Arsene Wenger said. "It is an opportunity but you could see today how hard the games are."

Arsenal great Thierry Henry missed a late chance after coming on in the 89th for the third appearance of his loan from the New York Red Bulls of MLS, but home fans could still cheer the result.

Robbie Keane, on-loan from the Los Angeles Galaxy, provided the cross that led to Dunne's 33rd-minute opener.

Second-tier Middlesbrough led against its local rival when Barry Robson capitalized on some weak defending to smash a 16th-minute volley across goalkeeper Simon Mignolet and in at the far post.

Sunderland manager Martin O'Neill introduced striker Fraizer Campbell at halftime for his first appearance since August 2010, and the former Manchester United trainee stroked in a low shot 14 minutes later following a mistake by Robson.

Campbell had not played for the first team for 500 days because of knee injuries.

Crawley Town, the lowest-ranked side left in this season's FA Cup, was handed a meeting with Premier League club Stoke in Sunday's fifth-round draw.

Liverpool will meet Brighton, Chelsea will host Birmingham, Norwich will host Leicester, Everton will play Blackpool or Sheffield Wednesday, and Bolton will go to the winner of the replay between Millwall and Southampton. Tottenham is at Stevenage.

___

LISBON, Portugal (AP) ? American defender Oguchi Onyewu scored on headers in the 18th and 27th minutes, giving Sporting Lisbon a 2-0 win over Beira Mar in the Portuguese league.

Onyewu received a yellow card in the first minute, then got goals off a corner kick and a free kick from the right flank, both from around the top of the 6-yard box.

He has five goals this season, including four in the league.

___

ROME (AP) ? Zlatan Ibrahimovic scored one goal and set up another as AC Milan beat Cagliari 3-0 to move back within one point of first-place Juventus in the Italian league.

Ibrahimovic scored his league-leading 15th goal with a free kick in the 32nd minute, then controlled a ball with his chest to set up Antonio Nocerino's goal in the 39th. Milan captain Massimo Ambrosini scored with his first goal of the season in the 75th.

Inter Milan's league winning streak ended at seven, one short of the club record, with a 1-0 loss at Lecce. Guillermo Giacomazzi scored off a pass from Massimo Oddo in the 40th minute, Inter had two goals called back for offside. Lazio jumped ahead of the Nerazzurri into fourth place.

It was Lecce's first home win of the season and only its fourth overall.

Lazio won 3-0 at Chievo Verona with a first-half goal from Hernanes and two in the final minutes from Miroslav Klose.

Elsewhere, Roma drew 1-1 at home with Bologna to stay sixth. Roma's 21-year-old midfielder Miralem Pjanic equalized with a free kick in the 62nd minute after Bologna captain Marco Di Vaio had scored six minutes earlier.

Also, Genoa beat Napoli 3-2 with two goals from Rodrigo Palacio and one from newly signed Alberto Gilardino to get some revenge for a 6-1 loss to Napoli last month that cost Alberto Malesani his job.

___

BARCELONA, Spain (AP) ? David Zurutuza lasted only five minutes, but it was long enough to score a double in Real Sociedad's 5-1 rout of visiting Sporting Gijon in the Spanish league.

The 25-year-old midfielder volleyed Antoine Griezmann's cross into the left corner for Sociedad's second-minute opener, and a minute later he scored with another shot from the right side of the area after Carlos Vela had played him clear.

But Zurutuza's dream start took an ugly turn in the fifth minute when he and Sporting defender Gregory Arnolin collided face-to-face while disputing a loose ball.

Granada coach Abel Resino got off to a winning start as his team moved out of the relegation zone with a 2-1 win at Real Betis, while Getafe dealt Levante its second home loss of the season with a 2-1 win.

Malaga beat Sevilla 2-1 in an Andalusian derby 2-1 to break a six-game winless run, while third-place Valencia was held to a 2-2 draw at Racing Santander. Atletico Madrid visits Osasuna on Monday.

On Saturday, Real Madrid opened a seven-point lead with a 3-1 win over last-place Zaragoza as Barcelona tied 0-0 at Villarreal.

___

BERLIN (AP) ? Marco Reus led Borussia Moenchengladbach to a 3-0 win at Stuttgart on Sunday to keep his team within a point of the Bundesliga's top three.

Reus sent in a dangerous free kick for Mike Hanke to score with a glancing header in the 31st minute, and then scored himself in the 81st. Igor de Camargo added another three minutes later.

Moenchengladbach remains a point behind league leader Bayern Munich, defending champion Borussia Dortmund and Schalke, who all have 40 points.

Moenchengladbach's first win over Stuttgart since 2005 sent the home team to its fourth league loss in a row.

Earlier Sunday, Mainz scored three goals in the first 17 minutes to beat Freiburg 3-1.

___

PARIS (AP) ? Marseille won its seventh straight game, defeating Rennes 2-1 in the French league as Benoit Cheyrou scored the go-ahead goal from the edge of the penalty area in the 77th minute.

Rennes midfielder Tongo Hamed Doumbia opened the scoring with a 30-yard shot in the 15th, but fifth-place Marseille equalized with an own goal from defender Onyekachi Apam just before halftime.

Ajaccio moved out of the French league's relegation zone by defeating Valenciennes 2-1, its fourth straight victory.

The visitors were down to 10 men in the 73rd when midfielder Paul Lasne was sent off for a second yellow card, but substitute Christian Kinkela scored the winner in stoppage time by curling a shot into the top corner.

Also Sunday, Bordeaux goalkeeper Cedric Carrasso fouled Yannick Sagbo but saved the subsequent penalty to salvage a 0-0 draw against Evian.

___

GLASGOW, Scotland (AP) ? Celtic reached the final of Scotland's League Cup for the 29th time with a 3-1 win over Falkirk.

The teams were tied 1-1 until the 56th minute after 17-year-old Falkirk midfielder Jay Fulton equalized Celtic captain Scott Brown's penalty.

Striker Anthony Stokes put Celtic back in front with a 25-yard free kick and tapped Gary Hooper's pass in the 86th to settle the match.

Celtic will meet Kilmarnock in the final at Hampden Park on March 18. Celtic's 14 tournament wins is second only to Rangers' 27.

___

AMSTERDAM (AP) ? Luuk de Jong scored three goals as FC Twente beat FC Groningen 4-1 and moved into second place in the Dutch league.

De Jong headed Twente into the lead in the 14th, converted another cross from Ola John in the 23rd and completed his hat trick in the 58th with another header ? again set up by John.

De Jong then provided the cross headed in by midfielder Leroy Fer in the 66th.

Twente has 39 points, two behind new leader PSV Eindhoven, which beat Vitesse Arnhem 3-1 Friday. AZ Alkmaar lost 2-0 at Roda JC to drop to third.

John Guidetti also got a hat trick to guide Feyenoord to a 4-2 win over Ajax.

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


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Arsenal advances in FA Cup

Roundup: Arsenal kept its bid to end a seven-year trophy drought on track Sunday, scoring three times in eight second-half minutes to beat Aston Villa 3-2 and reach the fifth round of the FA Cup.

Source: http://nbcsports.msnbc.com/id/46182135/ns/sports-soccer/

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Davis, Dujardin win lead honors at SAG awards (AP)

LOS ANGELES ? Viola Davis and Octavia Spencer were the maids of honor at Sunday's Screen Actors Guild Awards, where their Deep South drama "The Help" won them acting prizes and earned the trophy for overall cast performance.

Davis won as best actress and Spencer as supporting actress for "The Help," while Jean Dujardin was named best actor for the silent film "The Artist" and Christopher Plummer took the supporting-actor award for the father-son tale "Beginners."

The wins boost the actors' prospects for the same honors at the Feb. 26 Academy Awards.

In "The Help," Davis and Spencer play black maids going public with uneasy truths about their white employers in 1960s Mississippi.

"I just have to say that the stain of racism and sexism is not just for people of color or women. It's all of our burden, all of us," Davis said, accepting the ensemble prize on behalf of her "The Help" co-stars.

Accepting her best-actress award, Davis singled out two performers in the audience who inspired her early in her career: "The Help" co-star Cicely Tyson and Meryl Streep, Davis' co-star in the 2008 drama "Doubt" and one of the nominees she beat out for the SAG prize. Streep had been nominated as Margaret Thatcher in "The Iron Lady," a role that won her the dramatic actress award at the Golden Globes over Davis.

A French film star who is a newcomer to Hollywood's awards scene with "The Artist," Dujardin played a silent-era screen idol fallen on hard times as talking pictures take over in the late 1920s.

"I was a very bad student. I didn't listen in class. I was always dreaming," Dujardin said. "My teachers called me `Jean of the Moon,' and I realize now that I never stopped dreaming. Thank you very much. Thank you for this dream."

Plummer would become the oldest actor ever to win an Oscar at age 82, two years older than Jessica Tandy when she won best actress for "Driving Miss Daisy."

Backstage, Plummer joked when asked if he would like to win an Oscar, an honor so elusive during his esteemed 60-year career that he did not even receive his first Academy Award nomination until two years ago, for "The Last Station."

"No, I think it's frightfully boring," Plummer said. "That's an awful question. Listen, we don't go into this business preoccupied by awards. If we did, we wouldn't last five minutes."

Spencer, a veteran actress who had toiled in small TV and movie parts previously, had a breakout role in "The Help" as a brassy maid whose mouth continually gets her in trouble.

"I'm going to dedicate this to the downtrodden, the under-served, the underprivileged, overtaxed ? whether emotionally, physically or financially," Spencer said.

On the television side, comedy series awards went to "Modern Family" for best ensemble; Alec Baldwin as best actor for "30 Rock"; and Betty White as best actress for "Hot in Cleveland."

"You can't name me, without naming those other wonderful women on `Hot in Cleveland,'" the 90-year-old White said. "This nomination belongs to four of us. Please, please know that I'm dealing them right in with this. I'm not going to let them keep this, but I'll let them see it."

The TV drama show winners were: Jessica Lange as best actress for "American Horror Story"; and Steve Buscemi as best actor for "Boardwalk Empire," which also won the ensemble prize.

For TV movie or miniseries, Kate Winslet won as best actress for "Mildred Pierce," while Paul Giamatti was named best actor for "Too Big to Fail."

Before the official ceremony, the Screen Actors Guild presented its honor for best film stunt ensemble to "Harry Potter and the Deathly Hallows: Part 2." The TV stunt award went to "Game of Thrones."

The winners at the SAG ceremony often go on to earn Oscars. All four acting recipients at SAG last year later took home Oscars ? Colin Firth for "The King's Speech," Natalie Portman for "Black Swan" and Christian Bale and Melissa Leo for "The Fighter."

The same generally holds true for the weekend's other big Hollywood honors, the Directors Guild of America Awards, where Michel Hazanavicius won the feature-film prize Saturday for "The Artist." The Directors Guild winner has gone on to earn the best-director Oscar 57 times in the 63-year history of the union's awards show.

The guild's ensemble prize, considered the ceremony's equivalent of a best-picture honor, has a spotty record at predicting what will win the top award at the Oscars.

While "The King's Speech" won both honors a year ago, the SAG ensemble recipient has gone on to claim the top Oscar only eight times in the 16 years since the guild added the category.

Though "The Help" won the ensemble prize this time, "The Artist" and George Clooney's family drama "The Descendants" are considered stronger contenders for the best-picture Oscar.

Both "The Artist" and "The Descendants" also were nominated for writing and directing Oscars, categories where serious best-picture candidates generally need to be in the running. "The Help" missed out on nominations in both of those Oscar categories.

Mary Tyler Moore received the guild's lifetime-achievement award, an honor presented to her by Dick Van Dyke, her co-star on the 1960s sit-com "The Dick Van Dyke Show."

SAG President Ken Howard put in a plug during the show for the guild's planned merger with another Hollywood union, the American Federation of Television and Radio Artists. The boards of both groups have approved the merger, and ballots will be sent to members of each union.

"As one union, SAG-AFTRA will support a future of great entertainment for all of us," Howard said.

___

Associated Press Entertainment Writer Anthony McCartney contributed to this report.

___

Online:

http://www.sagawards.com

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/ap/20120130/ap_en_tv/us_sag_awards

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Peru: 27 killed in fire at rehabilitation center (AP)

LIMA, Peru ? A fire swept through a two-story private rehabilitation center for addicts in a poor part of Peru's capital Saturday, killing 27 people and critically injuring five as firefighters punched holes through walls to rescue residents locked inside.

The "Christ is Love" center for drug and alcohol addicts was unlicensed and overcrowded and its residents were apparently kept inside "like prisoners," Health Minister Alberto Tejada told The Associated Press.

Authorities said 26 people died at the scene, and prosecutors spokesman Raul Sanchez said Saturday night that one of six men hospitalized in critical condition died later.

Peru's fire chief, Antonio Zavala, said most of the victims died of asphyxiation. All the victims appeared to be male.

The local police chief, Clever Zegarra, said the cause of the 9 a.m. fire was under investigation.

"There has been talk of the burning of an object, of a mattress, but also of a fight that resulted in a fire. All of this is speculation," he told the AP. "I've been here at the scene from morning to evening but for the moment the exact cause of the fire is not known."

One resident of the center on a narrow dead-end street in Lima's teeming San Juan de Lurigancho district said he was eating breakfast on the second floor of the center when he saw flames coming from the first floor, where the blaze apparently began.

Gianfranco Huerta told local RPP news radio station that he leaped from a window to safety.

"The doors were locked; there was no way to get out," he told the station.

AP journalists at scene said all the windows of the building they were able to see were barred. Journalists were not allowed inside as police cordoned off the block. By early afternoon, all the dead had been removed from the center.

Most of the bodies seen by reporters were shirtless, their faces blackened. Many were also shoeless.

"This rehabilitation center wasn't authorized. It was a house that they had taken over ... for patients with addictions and they had the habit of leaving people locked up with no medical supervision," Tejada, the health minister, said.

Authorities said they did not know how many people were inside the center at the time of the fire. They said they were looking for the center's owners and staff, some of whom apparently fled the scene.

The local police chief, Zegarra, identified the owner as Raul Garcia.

Zoila Chea, an aunt of one victim, said families paid Garcia $37 to treat an addicted relative and $15 a week thereafter.

She said that neighbors had constantly complained about the center and that it had been closed twice by authorities.

Chea, 45, said relatives were prohibited from seeing interned patients during the first three months of treatment, which she added consisted mainly of reading the Bible.

Her nephew, Luis Chea, was at the center for a month, she said.

Zavala, the national fire chief, said the blaze was of "Dantesque proportions." Firefighters had to punch a hole through a wall with an adjoining building to help people trapped inside the rehabilitation center.

"We've had to use electric saws to cut through the metal bars of the doors to be able to work," Zavala said.

Relatives of residents of the center gathered near the building weeping and seeking word of their loved ones. As the day wore on, nearby sidewalks filled with relatives mourning and trying to console one another.

One of them was Maria Benitez, aunt of 18-year-old Carlos Benitez, who she said was being treated at the center.

"I want to know if he is OK or not," she told ATV television.

___

Associated Press journalists Mauricio Munoz, Cesar Barreto and Frank Bajak contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/latam/*http%3A//news.yahoo.com/s/ap/20120129/ap_on_re_la_am_ca/lt_peru_fire

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Sunday, January 29, 2012

Peru: 26 killed in fire at rehab center

A fire swept through a private rehabilitation center for addicts in Peru's capital on Saturday, killing at least 26 people and injuring 10 as firefighters punched holes through walls to rescue residents trapped inside.

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One resident of the "Christ is Love" center for drug and alcohol addicts in Lima's eastern Zarate district said he was eating breakfast at 9 a.m. local time on the center's second floor when he saw flames coming from the first floor, where the blaze apparently originated.

Gianfranco Huerta told local RPP newsradio station that he leapt from a second floor window to safety.

"The doors were locked, there was no way to get out," he told the station.

Health Minister Alberto Tejada said the number of deaths had risen to 26 with 10 people injured.

Peru's chief fire fighter, Antonio Zavala, said the fire was of "Dantesque proportions." Firefighters had to punch a hole through a wall with an adjoining building to help the people trapped inside the rehabilitation center.

"We've had to use electric saws to cut through the metal bars of the doors to be able to work," Zavala said.

Television images showed relatives of center residents weeping in front of the building, located in a poor section of eastern Lima.

The cause of the fire is still not known, said Zarate police chief Clever Zegarra.

Local media reported that the "Christ is Love" rehabilitation center sought to use Biblical teachings to help treat addicts.

No representative of the center could be immediately reached for comment.

Peru's fire fighters are notoriously underfunded. All the South American country's firefighters are volunteer and the annual firefighting budget for the entire country is $19 million.

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

Source: http://www.msnbc.msn.com/id/46174608/ns/world_news-americas/

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Russia backs Assad, last friend in Arab world

FILE In this Tuesday, Dec. 19, 2006 file photo Vladimir Putin, then Russian President, right, and his Syrian counterpart Bashar Assad smile as they shake hands in Moscow's Kremlin. Russia defied international efforts to end a crackdown on civilians by Assad regime, shielding it from the United Nations sanctions and providing it with weapons. (AP photo/RIA Novosti, Mikhail Klimentyev, Presidential Press service, file)

FILE In this Tuesday, Dec. 19, 2006 file photo Vladimir Putin, then Russian President, right, and his Syrian counterpart Bashar Assad smile as they shake hands in Moscow's Kremlin. Russia defied international efforts to end a crackdown on civilians by Assad regime, shielding it from the United Nations sanctions and providing it with weapons. (AP photo/RIA Novosti, Mikhail Klimentyev, Presidential Press service, file)

FILE In this file photo taken on Tuesday, Aug. 18, 2009, a Russian Yak-130 training jet is seen at MAKS-2009 (the International Aviation and Space Show) in Zhukovsky, Russia. Russia defied international efforts to end a crackdown on civilians by President bashar Assad regime, shielding it from the United Nations sanctions and providing it with weapons. The respected newspaper Kommersant reported this week that Syria has ordered 36 Yak-130 combat jets worth $550 million. The deal, which officials wouldn't confirm or deny, may signal preparations for even bigger purchases of combat planes. (AP Photo/Misha Japaridze, file)

(AP) ? Russia's defiance of international efforts to end Syrian President Bashar Assad's crackdown on protests is rooted in a calculation that it can keep a Mideast presence by propping up its last remaining ally in the region ? and has nothing to lose if it fails.

The Kremlin has put itself in conflict with the West as it shields Assad's regime from United Nations sanctions and continues to provide it with weapons even as others impose arms embargoes.

But Moscow's relations with Washington are already strained amid controversy over U.S. missile defense plans and other disputes. And Prime Minister Vladimir Putin seems eager to defy the U.S. as he campaigns to reclaim the presidency in March elections.

"It would make no sense for Russia to drop its support for Assad," said Ruslan Pukhov, head of the independent Center for Analysis of Strategies and Technologies. "He is Russia's last remaining ally in the Middle East, allowing it to preserve some influence in the region."

Moscow may also hope that Assad can hang on to power with its help and repay Moscow with more weapons contracts and other lucrative deals.

And observers note that even as it has nothing to lose from backing Assad, it has nothing to gain from switching course and supporting the opposition.

"Russia has crossed the Rubicon," said Igor Korotchenko, head of the Center for Analysis of Global Weapons Trade.

He said Russia will always be marked as the patron of the Assad regime regardless of the conflict's outcome, so there's little incentive to build bridges with the protesters.

"Russia will be seen as the dictator's ally. If Assad's regime is driven from power, it will mean an end to Russia's presence," said Fyodor Lukyanov, editor of the magazine Russia in Global Affairs.

Syria has been Moscow's top ally in the Middle East since Soviet times, when it was led by the incumbent's father, Hafez Assad. The Kremlin saw it as a bulwark for countering U.S. influence in the region and heavily armed Syria against Israel.

While Russia's relations with Israel have improved greatly since the Soviet collapse, ties with Damascus helped Russia retain its clout as a member of the Quartet of international mediators trying to negotiate peace between Israel and the Palestinians.

After Bashar Assad succeeded his father in 2000, Russia sought to boost ties by agreeing to annul 73 percent of Syria's Soviet-era debt. In the mid-2000s, Putin said Russia would re-establish its place in the Mideast via "the Syria route."

Syria's port of Tartus is now the only naval base Russia has outside the former Soviet Union. A Russian navy squadron made a call there this month in what was seen by many as a show of support for Assad.

For decades, Syria has been a major customer for the Russian arms industries, buying billions of dollars' worth of combat jets, missiles, tanks and other heavy weapons. And unlike some other nations, such as Venezuela, which obtained Russian weapons on Kremlin loans, Assad's regime paid cash.

The respected newspaper Kommersant reported this week that Syria has ordered 36 Yak-130 combat jets worth $550 million. The deal, which officials wouldn't confirm or deny, may signal preparations for even bigger purchases of combat planes.

Korotchenko said Syria needs the jets to train its pilots to fly the advanced MiG-29M or MiG-35 fighter jets it wants to purchase: "It's a precursor of future deals."

Korotchenko said Syria's importance as a leading importer of Russian weapons in the region grew after the loss of the lucrative Iraqi and Libyan markets.

Russia, whose abstention in a U.N. vote cleared the way for military intervention in Libya, later voiced frustration with what it described as a disproportional use of force by NATO.

The Kremlin has vowed not to allow a replay of the Libyan strategy in Syria, warning that it would block any U.N. resolution on Syria lacking a clear ban on any foreign military interference.

Moscow accuses the West of turning a blind eye to shipments of weapons to the Syrian opposition and warns it won't be bound by Western sanctions.

Earlier this month, a Syria-bound Russian ship allegedly carrying tons of munitions was stopped by officials in Cyprus, an EU member, who said it was violating an EU arms embargo. The ship's captain promised to head to Turkey but then made a dash to Syria.

Asked about the ship, Russia's foreign minister bluntly responded that Moscow owes neither explanation nor apology to anyone because it has broken no international rules.

Nonetheless, Moscow has shown restraint in its arms trade with Damascus, avoiding the sales of weapons that could significantly tilt the military balance in the region.

In one example, the Kremlin has turned down Damascus' requests for truck-mounted Iskander missiles that can hit ground targets 280 kilometers (175 miles) away with deadly precision. While the sale of such missiles wouldn't be banned under any international agreements, Moscow has apparently heeded strong U.S. and Israeli objections to such a deal.

Moscow also has stonewalled Damascus' request for the advanced S-300 air defense missile system, only agreeing to sell short-range ground-to-air missiles.

"Russia has taken a very careful and cautious stance on contracts with Syria," Korotchenko said.

The most powerful Russian weapon reportedly delivered to Syria is the Bastion anti-ship missile complex intended to protect its coast. The Bastion is armed with supersonic Yakhont cruise missiles that can sink any warship at a range of 300 kilometers (186 miles) and are extremely difficult to intercept, providing a strong deterrent against any attack from the sea.

Observers in Moscow said that Russia can do little else to help Assad. The chief of the Russian upper house's foreign affairs committee, Mikhail Margelov, openly acknowledged that this week, saying that Russia has "exhausted its arsenal" of means to support Syria by protecting it from the U.N. sanctions.

Lukyanov said Russia has made it clear it would block any attempts to give U.N. cover to any foreign military intervention in Syria, but wouldn't be able to prevent Syria's neighbors from mounting such action.

"Russia realizes that it has limited opportunities and can't play a decisive role," he said.

Pukhov also predicted that Russia wouldn't take any stronger moves in support for Damascus.

"Going further would mean an open confrontation with the West, and Russia doesn't need that," he said.

____

Elizabeth A. Kennedy contributed from Beirut.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-29-EU-Russia-Syrian-Game/id-f8c06319b9ab49828d6513474c50b123

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Study Finds Growing Up WIth Gadgets Has a Downside: Social Skill Impairment

PolygamousRanchKid writes with this excerpt from a CNN story:"Tween girls who spend much of their waking hours switching frantically between YouTube, Facebook, television and text messaging are more likely to develop social problems, says a Stanford University study published in a scientific journal on Wednesday. Young girls who spend the most time multitasking between various digital devices, communicating online or watching video are the least likely to develop normal social tendencies, according to the survey of 3,461 American girls aged 8 to 12 who volunteered responses. The study only included girls who responded to a survey in Discovery Girls magazine, but results should apply to boys, too, Clifford Nass, a Stanford professor of communications who worked on the study, said in a phone interview. Boys' emotional development is more difficult to analyze because male social development varies widely and over a longer time period, he said."

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/gJUbR84Yj8g/study-finds-growing-up-with-gadgets-has-a-downside-social-skill-impairment

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Completely open thread Friday January 27 2012 (slacktivist)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, RSS Feeds and Widgets via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/192389975?client_source=feed&format=rss

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Saturday, January 28, 2012

Arab League halts observer mission in Syria (AP)

BEIRUT ? The deputy chief of the Arab League says the pan-Arab body has halted its observer mission in Syria because of the increasing violence there.

Deputy Secretary-General Ahmed Ben Heli says the around 100 observers still in Syria have stopped their work after a decision by member states because of the sharp spike of bloodshed in recent days. He says the observers are staying in their Damascus hotel until further notice.

At least 80 people have been killed in the past three days in Syria. Arab League chief Nabil Elaraby and the prime minister of Qatar are heading to New York on Saturday to seek U.N. support for an arab plan to end Syria's crisis.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_re_mi_ea/ml_syria

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Come with me if you want to live (Unqualified Offerings)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/191909753?client_source=feed&format=rss

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Fox loses rating appeal on "This Means War" (Reuters)

LOS ANGELES, Jan 26 (TheWrap.com) ? "This Means War," Fox's comedy-action film starring Reese Witherspoon and Tom Hardy, will keep its R rating, the MPAA's appeals board ruled Thursday.

Fox had asked the Motion Picture Association of America's Classification and Rating Appeals Board to give McG's movie a less-restrictive rating.

After hearing statements from Ted Gagliano, president of feature post production for Twentieth Century Fox and from Joan Graves, who chairs the Classification and Rating Administration, the board upheld the R.

The board ruled that the movie has "some sexual content" -- enough to give it an R.

For an appeal to be successful, two-thirds of the board must vote that the rating is "clearly erroneous."

The board reviews between 800 and 900 movies each year. Usually, fewer than 12 are appealed.

Fox did not immediately return a call and email seeking comment.

"This Means War" is about two CIA operatives who become enemies when they find out they're both dating the same woman.

The movie is set for a February 14 release.

(Editing By Zorianna Kit)

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/nm/20120126/tv_nm/us_thismeanswar_mpaa

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Friday, January 27, 2012

Pre-debate: Romney hit by Gingrich; targets Obama

Republican presidential candidate, former Massachusetts Gov. Mitt Romney hands back a New England Patriots Tom Brady football jersey he autographed as he campaigned at Paramount Printing in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Charles Dharapak)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney hands back a New England Patriots Tom Brady football jersey he autographed as he campaigned at Paramount Printing in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Charles Dharapak)

Republican presidential candidate, former House Speaker Newt Gingrich, accompanied by his wife Callista, waits to speak at a Tea Party Rally, Thursday, Jan. 26, 2012, in Mount Dora, Fla. (AP Photo/Matt Rourke)

Republican presidential candidate, former Pennsylvania Sen. Rick Santorum signs a poster at Florida State University in Tallahassee, Fla., Thursday, Jan. 26, 2012. (AP Photo/Paul Sancya)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney campaigns at Paramount Printing in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Charles Dharapak)

Republican presidential candidate, former House Speaker Newt Gingrich speaks at the University of North Florida, Thursday, Jan. 26, 2012, in Jacksonville, Fla. (AP Photo/Matt Rourke)

(AP) ? Pointing toward an evening debate, Mitt Romney jokingly urged supporters Tuesday to "just storm in" and support him even if they lacked tickets. Newt Gingrich warmed up with a particularly strong attack on Romney.

Former Pennsylvania Sen. Rick Santorum and Texas Rep. Ron Paul also were sharing the stage for the second debate of the week and the last before the Florida primary next Tuesday.

Opinion polls show a close race between Romney, the former Massachusetts governor, and Gingrich, who was House speaker for two terms in the 1990s, and the two clashed repeatedly in Monday night's encounter in Tampa.

Gingrich's unexpected victory in the South Carolina primary last weekend upended the race to pick a Republican opponent for Democratic President Barack Obama in the fall, and Romney can ill afford another setback.

In the days since his loss, he has tried to seize the initiative, playing the aggressor in the Tampa debate and assailing Gingrich in campaign speeches and a TV commercial.

An outside group formed to support Romney has spent more than his own campaign's millions on ads, some of them designed to stop Gingrich's campaign momentum before it is too late to deny him the nomination.

Campaigning Thursday at a factory that is scheduled to close, Romney criticized Obama and avoided mentioning Gingrich.

But the evening debate was on his mind ? particularly the makeup of the audience in the hall.

"There may be some give and take. That's always entertaining," he said. "If you all could get in there we'd love to see you all there cheering."

A voice from the audience responded that there were no more tickets, and Romney replied: 'No tickets? Just storm in."

Gingrich seemed far less confident as he unleashed an attack reminiscent of his rhetoric a month ago when he was being outspent heavily on television and falling sharply in the polls just before the Iowa caucuses.

He accused Romney and Restore Our Future, the independent group, of dishonest ads, and said, "This is the desperate last stand of the old order. This is the kind of gall they have, to think we're so stupid and we're so timid."

He later told reporters he decided to sharpen his criticisms after Romney released his tax returns. "Here's a guy who owns Freddie Mac and Fannie Mae stock," Gingrich said. "He owns a Goldman Sachs subsidiary, which is foreclosing on Floridians. And on that front he decides to lie about my career? There's something about the hypocrisy that should make every American angry."

Romney released his income tax returns for 2010 and an estimate for 2011 after declining to do so in South Carolina.

Gingrich, also under pressure, disclosed the consulting contract one of his firms had with Freddie Mac, the government-backed mortgage giant that played a role in the foreclosure crisis that hit Florida especially hard. It showed payments of $300,000 in 2006 for unspecified consulting services.

Romney has pummeled Gingrich in the days since, calling him an influence peddler and a lobbyist who was taking money from the very organization that was harming Floridians.

___

Associated Press writers Brian Bakst and Kasie Hunt contributed to this story.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2012-01-26-US-Republicans-Debate/id-e8b6454ec2bf4e00bb978641867c76ea

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Friend says on 911 call Demi Moore was convulsing (AP)

LOS ANGELES ? Demi Moore smoked something before she was rushed to the hospital on Monday night and was convulsing and "semi-conscious, barely," according to a caller on a frantic 911 recording released Friday by Los Angeles fire officials.

The woman tells emergency operators that Moore, 49, had been "having issues lately."

"Is she breathing normal?" the operator asks.

"No, not so normal. More kind of shaking, convulsing, burning up," the friend says as she hurries to Moore's side, on the edge of panic.

The recording captures the 10 minutes it took paramedics to arrive as friends gather around the collapsed star and try to comfort her as she trembles and shakes.

Another woman is next to Moore as the dispatcher asks if she's responsive.

"Demi, can you hear me?" she asks. "Yes, she's squeezing hands. ... She can't speak."

When the operator asks what Moore ingested or smoked, the friend replies, but the answer was redacted.

"Some form of ... and then she smoked something. I didn't really see. She's been having some issues lately with some other stuff. So I don't know what she's been taking or not," the friend says.

The city attorney's office advised the fire department to redact details about medical conditions and substances to comply with federal medical privacy rules.

Asked if Moore took the substance intentionally or not, the woman says Moore ingested it on purpose but the reaction was accidental.

"Whatever she took, make sure you have it out for the paramedics," the operator says.

The operator asks the friend if this has happened before.

"I don't know," she says. "There's been some stuff recently that we're all just finding out."

Moore's publicist, Carrie Gordon, said previously that the actress sought professional help to treat her exhaustion and improve her health. She would not comment further on the emergency call or provide details about the nature or location of Moore's treatment.

The past few months have been rocky for Moore.

She released a statement in November announcing she had decided to end her marriage to fellow actor Ashton Kutcher, 33, following news of alleged infidelity. The two were known to publicly share their affection for one another via Twitter.

Moore still has a Twitter account under the name mrskutcher but has not posted any messages since Jan. 7.

During the call, the woman caller says the group of friends had turned Moore's head to the side and were holding her down. The dispatcher tells her not to hold her down but to wipe her mouth and nose and watch her closely until paramedics arrive.

"Make sure that we keep an airway open," the dispatcher says. "Even if she passes out completely, that's OK. Stay right with her."

The phone is passed around by four people, including a woman who gives directions to the gate and another who recounts details about what Moore smoked or ingested. Finally, the phone is given to a man named James, so one of the women can hold Moore's head.

There was some confusion at the beginning of the call. The emergency response was delayed by nearly two minutes as Los Angeles and Beverly Hills dispatchers sorted out which city had jurisdiction over the street where Moore lives.

As the call is transferred to Beverly Hills, the frantic woman at Moore's house raises her voice and said, "Why is an ambulance not on its way right now?"

"Ma'am, instead of arguing with me why an ambulance is not on the way, can you spell (the street name) for me?" the Beverly Hills dispatcher says.

Although the estate is located in the 90210 ZIP code above Benedict Canyon, the response was eventually handled by the Los Angeles Fire Department.

By the end of the call, Moore has improved.

"She seems to have calmed down now. She's speaking," the male caller told the operator.

Moore and Kutcher were wed in September 2005.

Kutcher became a stepfather to Moore's three daughters ? Rumer, Scout and Tallulah Belle ? from her 13-year marriage to actor Bruce Willis. Moore and Willis divorced in 2000 but remained friendly.

Moore and Kutcher created the DNA Foundation, also known as the Demi and Ashton Foundation, in 2010 to combat the organized sexual exploitation of girls around the globe. They later lent their support to the United Nations' efforts to fight human trafficking, a scourge the international organization estimates affects about 2.5 million people worldwide.

Moore can be seen on screen in the recent films "Margin Call" and "Another Happy Day." Kutcher replaced Charlie Sheen on TV's "Two and a Half Men" and is part of the ensemble film "New Year's Eve."

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120127/ap_on_en_mo/us_people_demi_moore

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Microbubbles provide new boost for biofuel production

Thursday, January 26, 2012

The technique builds on previous research in which microbubbles were used to improve the way algae is cultivated.

Algae produce an oil which can be processed to create a useful biofuel. Biofuels, made from plant material, are considered an important alternative to fossil fuels and algae, in particular, has the potential to be a very efficient biofuel producer. Until now, however, there has been no cost-effective method of harvesting and removing the water from the algae for it to be processed effectively.

Now, a team led by Professor Will Zimmerman in the Department of Chemical and Process Engineering at the University of Sheffield, believe they have solved the problem. They have developed an inexpensive way of producing microbubbles that can float algae particles to the surface of the water, making harvesting easier, and saving biofuel-producing companies time and money. The research is set to be published in Biotechnology and Bioengineering on 26 January 2012.

Professor Zimmerman and his team won the Moulton Medal, from the Institute of Chemical Engineers, for their earlier work which used the microbubble technology to improve algae production methods, allowing producers to grow crops more rapidly and more densely.

"We thought we had solved the major barrier to biofuel companies processing algae to use as fuel when we used microbubbles to grow the algae more densely," explains Professor Zimmerman.

"It turned out, however, that algae biofuels still couldn't be produced economically, because of the difficulty in harvesting and dewatering the algae. We had to develop a solution to this problem and once again, microbubbles provided a solution."

Microbubbles have been used for flotation before: water purification companies use the process to float out impurities, but it hasn't been done in this context, partly because previous methods have been very expensive.

The system developed by Professor Zimmerman's team uses up to 1000 times less energy to produce the microbubbles and, in addition, the cost of installing the Sheffield microbubble system is predicted to be much less than existing flotation systems.

The next step in the project is to develop a pilot plant to test the system at an industrial scale. Professor Zimmerman is already working with Tata Steel at their site in Scunthorpe using CO2 from their flue-gas stacks and plans to continue this partnership to test the new system.

Dr. Bruce Adderley, Manager of Climate Change Breakthrough Technology at Tata, said, "Professor Zimmerman's microbubble-based technologies are exactly the kind of step-change innovations that we are seeking as a means to address our emissions in the longer term, and we are delighted to have the opportunity to extend our relationship with Will and his team in the next phase of this pioneering research."

###

University of Sheffield: http://www.shef.ac.uk

Thanks to University of Sheffield 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.

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Source: http://www.labspaces.net/117089/Microbubbles_provide_new_boost_for_biofuel_production

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Nintendo sees first annual loss, cuts 3DS forecast (Reuters)

(Reuters) ? Nintendo Co Ltd posted a sharp drop in quarterly profit and forecast a bigger-than-expected full-year loss, its first at an operating level, as it battles a strong yen and its games devices lose ground to gadgets such as Apple's iPhone.

The creator of the Super Mario franchise dominated the video games industry for years with its DS handheld players and Wii home consoles, but is now struggling to keep up as more versatile smartphone and tablet sales boom.

"To say that (the days of consoles) are over is likely an overstatement, but social network and Internet delivered games are growing and structurally changing the future of the industry, which is a strong wind against Nintendo," said Shigeo Sugawara, senior investment manager at Sompo Japan Nipponkoa Asset Management.

Nintendo now expects an annual operating loss of 45 billion yen ($575 million), dwarfing expectations of a 4.2 billion yen loss, based on the average of 21 analyst forecasts.

"Their time of growth (from consoles) is over, and, while I don't think the company will cease to exist, if they don't move into new categories, they will no doubt lose the great scale they've amassed," said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Management in Tokyo.

Nintendo cut its forecast for annual sales of its ageing Wii console to 10 million devices from 12 million, and for the 3DS handheld games device to 14 million from 16 million.

"We had higher expectations for the year-end season, but failed to meet them," President Satoru Iwata told reporters in Osaka.

Poor sales forced Nintendo to slash the price of its much-anticipated 3DS handheld games device in August, just six months after its launch.

The move halted its record of making profits on games hardware as well as software, a business model that took operating income to a high of 555 billion yen in 2008/09.

Nintendo also faces tougher competition in the home console market from Sony Corp's Move and Microsoft Corp's Kinect, and Iwata said consumers were more eager than ever to seek out bargains in the harsh economic environment.

The company plans to launch the Wii's successor, the Wii U, in Japan, the United States, Europe and Australia in the year-end season, Iwata told reporters.

But with cloud-based gaming emerging as a potential threat, Nintendo may have trouble generating excitement about its new product, some analysts say. Google is taking steps into gaming with Google TV, while Apple is thought to be preparing a new iPad and possibly a smart TV that could be game-changers for the industry.

"We think we need to consider the possibility that home consoles could become a thing of the past," Citigroup analyst Soichiro Fukuda wrote in a recent report.

"We think the direction taken by marketing trendsetter Apple will be very important and we will be watching the company's announcements at future events with interest."

PROFIT FALLS

Nintendo's profit slumped to 40.9 billion yen for the traditionally strong October-December period, compared with a consensus estimate for 52 billion yen, based on a survey of three analysts by Thomson Reuters I/B/E/S.

The results came a day after Apple blew away Wall Street's expectations with its own quarterly earnings.

Shares in Nintendo have halved to below 11,000 yen since the beginning of the financial year in April, hit by weak 3DS sales and market disappointment with the Wii U next-generation home console, unveiled at the E3 games show in June and set to go on sale late this year. At their peak, in late 2007, the shares traded at 73,200 yen.

Last week, the stock dipped to 10,020 yen, the lowest since April 2004, before either the DS or Wii were launched.

($1 = 77.58)

(Reporting by Yoshiyuki Osada in OSAKA and Isabel Reynolds in TOKYO; Editing by Edwina Gibbs and Ian Geoghegan)

Source: http://us.rd.yahoo.com/dailynews/rss/applecomputer/*http%3A//news.yahoo.com/s/nm/20120126/tc_nm/us_nintendo_results

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Thursday, January 26, 2012

Cameron Diaz's Baby Bump in ?What to Expect? Poster!

iVillage has the exclusive debut of Cameron Diaz, Brooklyn Decker, J.Lo and more in the movie posters for the comedy What to Expect When You’re Expecting, in theaters on May 11

Source: http://www.ivillage.com/what-expect-when-youre-expecting-movie-posters/1-b-422008?dst=iv%3AiVillage%3Awhat-expect-when-youre-expecting-movie-posters-422008

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Iran's Ahmadinejad ups rates to stem money crisis (Reuters)

TEHRAN (Reuters) ? Iran increased bank interest rates on Wednesday and indicated it would further restrict sales of foreign currency, hoping to halt a spiraling currency crisis after new Western sanctions accelerated a dash for dollars by Iranians worried about their economic future.

"The economy minister has announced that (Iranian President Mahmoud) Ahmadinejad has agreed with the approval of the Money and Credit Council to increase interest rates on bank deposits to up to 21 percent," the official IRNA news agency reported.

The central bank also told Iranians they should only buy dollars if they are travelling and not hoard them to guard against economic uncertainty.

New U.S. and European sanctions targeting Iran's vital oil exports and its central bank seriously exacerbated a slide in the Iranian currency that was already under way, creating what one senior politician described as economic instability not even witnessed during Iran's 8-year war with Iraq in the 1980s.

The West hopes the economic pressure will force Iran to curb the nuclear work they fear is aimed at making bombs but which Tehran says is entirely peaceful.

The rial started weakening after a decision last April to cut interest paid on bank deposits to a range of a 12.5-15.5 percent, below inflation which is currently around 20 percent, prompting many Iranians to withdraw savings and buy gold and foreign currency and pushing up the price of both.

The dash for those safe havens accelerated sharply after the new sanctions were announced, resulting in the rial losing 50 percent of its value against the price of dollars available on the open market in just one month.

Monday's decision marks a policy U-turn for Ahmadinejad, who faces a political test in March 2 parliamentary election. He previously vetoed efforts by Central Bank Governor Mahmoud Bahmani to increase rates.

WAR

Bahmani indicated the rate increase would be accompanied by further restrictions on the sale of foreign currency.

"We will provide foreign currency in any amount for people demanding it for various uses," he said in an interview published on the website of state broadcaster IRIB.

"Travelers, university students and patients will be supplied at an appropriate rate," he said. Importers of vital goods would also be able to buy as much foreign currency as they need.

"The government will not give foreign currency for storage," he added, implying that Iranians will no longer be allowed to exchange their rials for hard currency unless they can prove an immediate need.

The rial's slide is a huge risk to already rising inflation as Iran is heavily reliant on imported consumer and intermediate goods whose prices have surged as the rial has depreciated.

"Even during the war we did not witness such instability," Alaeddin Boroujerdi, head of parliament's foreign affairs committee, told the semi-official Fars news agency.

"Government officials and the president himself should definitely be held accountable to people and public opinion."

Ahmadinejad's representative in parliament - which is already highly critical of the president and may become more so after March 2 - said the new policy would burst what he called the bubble of gold and dollar prices.

"The effects of the new decision will be clear in the market very soon and the bubbles being created for foreign currency and gold will be removed," the ISNA news agency quoted Mohammad Reza Mirtajedini as saying.

The deputy head of parliament's economics committee criticized the government for reacting late to the crisis which he said had "no reasonable, logical basis."

"Increasing the bank deposit interest rates is an appropriate tool for people's investments but doing it in a hasty manner and the current inflamed situation of the market will not solve any problem," Mostafa Motavarzadeh told the semi-official Fars news agency.

The price of 8.133-gram gold coins dropped on the news, local media reported, to 8,500,000 rials, reversing most of last week's 45 percent increase when the price rose to 10,100,000.

The effect on the price of dollars was negligible however with ISNA saying the price had fallen on the news to 22,500 rials from 23,000 rials - still double the central bank's official "reference rate" of 11,293 rials.

However, exchange agencies contacted by Reuters said they had no dollars to sell, reflecting either a shortage of notes or a reluctance to sell in such a volatile atmosphere.

(Writing by Robin Pomeroy; Editing by Toby Chopra)

Source: http://us.rd.yahoo.com/dailynews/rss/iran/*http%3A//news.yahoo.com/s/nm/20120125/wl_nm/us_iran_economy_rates

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