Tuesday, January 31, 2012

Investing Strategy: Covered Call ? Facts You Must Know | Self ...

Experts usually tell everyone that you will need to invest some of your unused money securely and properly. Let your money work for you so that you can enjoy life to the fullest. But when folks get the chance to invest, many people turn this offer down since they are not fully aware if all their time and efforts will be worth it. Not everyone knows how powerful investments are and how to run and keep their money well. Many successful investors believed that investing is worth the risk and every penny. One particular investment that many experts wanted to get their hands is covered call.

Hearing covered call for the first time really lets you?re thinking that of direct calls to and from the US or other countries. Well, this is not your ordinary telephones or all about making phone calls. Covered calls is one of the investment strategies that experts used. You aren?t getting rich quickly in this type of investment. This is one of the income oriented approach that focuses your hard earned dollars to progress slowly.

What are the items that you need in write a covered call?

The first thing that you should have is a brokerage account. The next you that you should have is a permission that qualifies you to writing covered calls. There are brokerage accounts that will allow that user to write covered calls while there are accounts that needs you to fill and complete some forms first before you could write and sell calls. You also have at the very least 100 stocks or if you don?t have one, you need to have the cash to buy them. The last but not the least is your portfolio and trade selection services.

In this kind of investment, you get to use terms like long and short. The term long means that you gain profits every time that stocks you purchased raises its value. Short in the other hand is to sell some shares that you didn?t own. Investors usually use short if they think that the value of that specific share will depreciate or decrease. In the long term, the investors will have to buy that share they sold for a lesser price. This is usually where investors get their profits.

For a covered calls investing, you get two options which are calls and puts. When talking about call option this gives the buyer of that specific call share the right to buy the share for a specific price which is called strike price before a certain expiration date. Just like with other investment opportunity, this too has its own risk and failures. Make sure that your in a position to know all the risk and how to go about this kind of investment.

Posted in Uncategorized |

Source: http://www.pwconservative.net/uncategorized/investing-strategy-covered-call-facts-you-must-know

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Monday, January 30, 2012

Starbucks to open 50 stores in India this year

Starbucks aims to open 50 outlets in India by year's end, through a 50-50 joint venture with Tata Global Beverages, the companies said Monday.

Tata Starbucks Ltd., as their venture is known, hopes to capitalize on the rising aspirations ? and fattening wallets ? of many Indians, who are eager to partake of the global latte life.

"What we are seeing is an evolution in lifestyles," said R.K. Krishnakumar, vice chairman of Tata Global Beverages. "In some ways the distinctions between the developed world and the developing world are blurring."

He said the partners would initially invest 4 billion rupees ($80 million), with the first outlet to open in Mumbai or New Delhi by September.

Long known as a nation of tea drinkers ? despite a rich tradition of coffee in the south ? India has embraced coffee house culture with a vengeance.

Last year, India had 1,600 cafes, up from just 700 in 2007, according to Technopak Advisors, which expects India's $170 million cafe market to grow 30 percent a year, adding up to 2,700 more outlets over the next five years.

"We're going to move as fast as possible in opening as many stores as we can so long as we are successful and so long as we are embraced by the Indian consumers," said John Culver, president of Starbucks China and Asia Pacific.

Unusually, the stores will be cobranded "Starbucks Coffee: A Tata Alliance."

The companies will also develop a tea for the Indian market under the Tata Tazo brand.

Last January, Starbucks signed an agreement with Tata Coffee, a unit of Tata Global Beverages, to source and roast coffee beans in India.

The alliance with Tata could help ease one of the main burdens for retailers in India: the high cost of real estate.

Krishnakumar said the joint venture would open outlets at properties owned by group companies, for example at the Taj chain of luxury hotels.

Culver said the company would also look at opening outlets in shopping malls, office parks, universities, airports and train stations.

The alliance will also help Tata Global Beverages expand its international footprint. All coffee beans for the cafes in India will be sourced from Tata Coffee, which also hopes to ramp up exports to regional Starbucks outlets, Krishnakumar said. He said other Tata Beverage brands, like Himalayan water, should also find their way into Starbucks outlets globally.

Culver said Starbucks did not consider trying to go it alone in India, despite the government's recent decision to allow foreign companies to operate single-brand retail outlets without a local partner. A storm of populist fury forced New Delhi to pull back a parallel proposal that would have allowed multi-brand retailers, like Wal-Mart, to open retail outlets with local partners.

"We never considered 51 percent," Culver said. "When we looked at the opportunity to enter India, understanding the complexities of the market and the uniqueness that is India, we wanted to find a local business partner."

Starbucks currently operates over 17,000 stores in 57 countries.

Its India venture will face competition from existing players like Cafe Coffee Day, which dominates the market.

Technopak founder Arvind Singhal said India's flourishing cafe culture has less to do with coffee than a social need for clean, safe gathering places for young and old alike, who often live in cramped quarters.

"India doesn't have too many places for people of any age to just go out," he said. "It's not about a coffee culture. It's a gathering place where people can sit and meet."

He added that Starbucks' entry, however much delayed, is likely to fan competition and speed the proliferation of coffee shops. It could also help boost flagging investor confidence in India. "It's almost like an endorsement that India's still a good story," he said.

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/46191868/ns/business-world_business/

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Obama Killed Pipeline Deal Over Politics, Not Environmental Concerns (ContributorNetwork)

COMMENTARY | President Barack Obama nixes the Keystone XL pipeline from Canada, sending our neighbor to the north in search of another willing partner in the expansion of the oil sands reserve in Alberta. It didn't take them long to find another country very interested in doing business in Canada: China.

Canadian Prime Minister Stephen Harper met with Chinese leaders in November at the Pacific Rim economic summit in Hawaii and is set to make a state visit to China in February. Associated Press reported China has invested more than $16 billion into Canadian energy projects and is very interested in developing any resource that would give its growing economy access to Canadian oil.

Harper said he was "profoundly disappointed" by Obama's decision to axe the pipeline deal. Clearly, Harper can see Obama is playing to his environmentalist supporters in what may be a tight re-election campaign. That pandering is going to cost Americans thousands of jobs that would have resulted from the pipeline construction, plus all the spin off jobs that come with a project of that size.

Environmentalists are arguing the potential damage from such a long pipeline. But a quick walk down memory lane will remind everyone that environmentalist strongly opposed the Trans-Alaska pipeline back in the 1970s, and it has proved to be a complete success. A 1987 article in the Los Angeles Times reflected on the first 10 years of the pipeline's existence and the tremendous impact it had on Alaska and on over 70,000 workers.

The Keystone XL pipeline is an economic necessity for the U.S. and would create an unbroken partnership with our largest trading partner to the north. Were it not a hotly contested presidential election year, that pipeline would already be in the works. Americans need the jobs and the oil. There is no logical reason for Obama to give China an upper hand in negotiated with Canada -- well, except to garner a few more votes from his left-wing environmentalist supporters.

Source: http://us.rd.yahoo.com/dailynews/rss/environment/*http%3A//news.yahoo.com/s/ac/20120129/pl_ac/10899809_obama_killed_pipeline_deal_over_politics_not_environmental_concerns

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SAG Awards menu is months in the making (AP)

LOS ANGELES ? When your dinner party guests include Brad Pitt, George Clooney, Kate Winslet and Glenn Close, and the whole affair is televised live, it can take months to plan the menu. That's why the team behind the Screen Actors Guild Awards began putting together the plate for Sunday's ceremony months ago.

It was still summer when show producer Kathy Connell and executive producer and director Jeff Margolis first sat down with chef Suzanne Goin of Los Angeles eatery Lucques with a tall order: Create a meal that is delicious at room temperature, looks beautiful on TV, is easy to eat and appeals to Hollywood tastes. Oh, and no poppy seeds, soups, spicy dishes, or piles of onions or garlic.

"It can't drip, stick in their teeth or be too heavy," Connell said. "We have to appease all palates."

The chef put together a plate of possibilities: slow-roasted salmon with yellow beets, lamb with couscous and spiced cauliflower and roasted root vegetables with quinoa. There was also a chopped chicken salad and another chicken dish with black beans.

To ensure the dishes are both tasty and TV-ready, Connell and Margolis, along with the SAG Awards Committee and the show's florist and art director, dined together at this summertime lunch on tables set to replicate those that will be in the Shrine Exposition Center during the ceremony. The pewter, crushed-silk tablecloths and white lilies you'll see on TV Sunday were also chosen months ago.

The diners discussed the look of the plate, the size of the portions and the vegetarian possibilities.

"We'd like the portions a little larger," Connell told the chef.

"And a little more sauce on the salmon," Margolis added.

Come Sunday, it's up to Goin to prepare 1,200 of the long-planned meals for the A-list audience.

Source: http://us.rd.yahoo.com/dailynews/rss/movies/*http%3A//news.yahoo.com/s/ap/20120129/ap_en_mo/us_sag_awards_menu

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Sunday, January 29, 2012

Mike Russow?s ?dream came true? at UFC on Fox 2

CHICAGO -- As Mike Russow walked out to fight Jon-Olav Einemo at the United Center on Saturday night, his face lit up. The UFC heavyweight and Chicago police officer was cheered on by the 15,000+ fans in attendance at the United Center.

The cheers were even louder after Russow's decision win was announced. He said his emotions were hard to describe, but fighting in the UFC in his hometown was a vision realized.

"It was a dream come true. I've been thinking of that my whole life. Just to have my friends and family yelling for me," Russow said.

Though he told Cagewriter earlier this week that he was planning to keep the fight standing, he ended up using his wrestling to take Einemo down and control him. Einemo is an elite grappler, so it's surprising that Russow would want to go to the ground with him.

"It wasn't the game plan, but that takedown was open."

Russow is now 4-0 in the UFC, and hasn't lost since he dropped a fight in PRIDE to Sergei Kharitonov in 2007. Still, he's not ready to call out any heavyweights for his next bout.

"I have a long ways to go. I'm 4-0, but I gotta keep making baby steps. I'll let Joe and Dana decide."

Source: http://sports.yahoo.com/blogs/mma-cagewriter/mike-russow-dream-came-true-ufc-fox-2-065039936.html

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Ex-soldier behind Papua New Guinea mutiny arrested (AP)

PORT MORESBY, Papua New Guinea ? A retired colonel who attempted to take over Papua New Guinea's military and ordered the prime minister to step down has been arrested and charged with mutiny.

Police spokesman Dominic Kakas said Yaura Sasa was arrested Saturday night in a suburb of Port Moresby, the capital. A court spokesman said Sasa was charged with mutiny and appeared in court Sunday.

Sasa led a small group of soldiers in a mutiny Thursday in which the military's top commander was briefly held under house arrest. The mutiny was part of a power struggle in which Prime Minister Peter O'Neill and former Prime Minister Michael Somare claim to be the rightful leader of the South Pacific nation.

Sasa demanded that O'Neill step down within a week to make way for Somare, who appointed Sasa defense chief after being removed from office.

Kakas said the soldiers who followed Sasa had not been arrested.

Parliament replaced Somare with O'Neill in August while Somare was getting medical treatment outside the country. Papua New Guinea's Supreme Court sided with Somare last month, but O'Neill continues to have support from lawmakers.

Somare issued a statement Sunday repeating his call to be reinstated, and calling on police and the military to join him.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20120129/ap_on_re_as/as_papua_new_guinea_mutiny

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Saturday, January 28, 2012

Twitter boycotted Saturday by some

Twitter

By Suzanne Choney

How do you get the word out about a boycott of Twitter when it's Twitter that's needed to get the word out? It was tough, especially in the case of the hastily organized one for Saturday meant to protest the site's new policy of censoring certain tweets, or posts, in some countries.

Some users spread the word by using the black-bar approach (above). But, like Twitter itself, the boycott translated to many different emotions and reactions:

Twitter

As Saturday became Sunday in some parts of the world, for those who did boycott, this man's tweet spoke volumes about how some people feel about Twitter:

Twitter

Yet others said perhaps another (better-organized) boycott is in order:

Twitter

This person, involved in the "Occupy" movement, was torn between protests:

Twitter

On Twitter's worldwide "trending" chart, the boycott did not make the top 10:

Twitter

Twitter, contacted by msnbc.com Saturday, declined to comment on the boycott.

But one of the tweets posted by its Twitter's communications team (@twittercomms) suggested "#TwitterBlackout reading," including analyses by the Center for Democracy & Technology, the Electronic Frontier Foundation and a fellow from Harvard's Berkman Center for Internet and Society for different perspectives on the new policy.

"Let?s be clear: This is censorship. There?s no way around that," wrote Jillian C. York, the EFF's director of international freedom of expression, on a blog. "But alas, Twitter is not above the law. Just about every company hosting user-generated content has, at one point or another, gotten an order or government request to take down content."

Zeynep Tufekci, the Berkman Center fellow, wrote that the new policy is "not made hard to circumvent. Twitter helpfully included instructions on how to change your country ('manually override' the country setting which is determined by IP). I don?t know about you, but does this sound like Twitter is caving? Also, obviously, Tor users and proxy users will be able to access the content fairly easily."

Twitter said Friday its users "now send a billion tweets every four days," and that it will not be filtering tweets, something that is "neither desirable nor realistic. With this new feature, we are going to be reactive only: that is, we will withhold specific content only when required to do so in response to what we believe to be a valid and applicable legal request."

Related stories:

Check out Technolog, Gadgetbox, Digital Life and In-Game on?Facebook,?and on Twitter, follow Suzanne Choney.

Source: http://technolog.msnbc.msn.com/_news/2012/01/28/10260364-twitter-boycotted-saturday-by-some

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Wednesday, January 25, 2012

2 more cruise bodies found, oil pumping to begin

Italian Navy scuba divers return after working on the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Monday, Jan. 23, 2012. Italian officials were clearing hurdles Monday to begin pumping some half a million gallons of fuel from the capsized Costa Concordia that threaten an environmental catastrophe, as divers continued the search for 19 people known missing. (AP Photo/Pier Paolo Cito)

Italian Navy scuba divers return after working on the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Monday, Jan. 23, 2012. Italian officials were clearing hurdles Monday to begin pumping some half a million gallons of fuel from the capsized Costa Concordia that threaten an environmental catastrophe, as divers continued the search for 19 people known missing. (AP Photo/Pier Paolo Cito)

Oil recovery technicians work in the harbor of the Tuscan island of Giglio, Italy, where the cruise ship Costa Concordia run aground, Monday, Jan. 23, 2012. Italian officials were clearing hurdles Monday to begin pumping some half a million gallons of fuel from the capsized Costa Concordia that threaten an environmental catastrophe, as divers continued the search for 19 people known missing. (AP Photo/Pier Paolo Cito)

US John Heil, son of Barbara and Gerald Heil, both missing in the grounding of the cruise ship Costa Concordia stands in the harbor of the Tuscan island of Giglio, Italy, Monday, Jan. 23, 2012. Italian officials were clearing hurdles Monday to begin pumping some half a million gallons of fuel from the capsized Costa Concordia that threaten an environmental catastrophe, as divers continued the search for 19 people known missing. (AP Photo/Pier Paolo Cito)

The cruise ship Costa Concordia lies on its side off the Tuscan island of Giglio, Italy, Sunday, Jan. 22, 2012. Rescuers on Sunday resumed searching the above-water section of the capsized Costa Concordia cruise liner, but choppy seas kept divers from exploring the submerged part, where officials have said there could be bodies. Civil protection officials said that until the waves slack off, divers would not swim into the submerged part of the vessel just off the port of Giglio, a tiny Island off the Tuscan coast. (AP Photo/Pier Paolo Cito)

The cruise ship Costa Concordia lies on its side off the Tuscan island of Giglio, Italy, Sunday, Jan. 22, 2012. Rescuers on Sunday resumed searching the above-water section of the capsized Costa Concordia cruise liner, but choppy seas kept divers from exploring the submerged part, where officials have said there could be bodies. Civil protection officials said that until the waves slack off, divers would not swim into the submerged part of the vessel just off the port of Giglio, a tiny Island off the Tuscan coast. (AP Photo/Pier Paolo Cito)

(AP) ? Salvage experts can begin pumping fuel from a capsized cruise ship as early as Tuesday to avert a possible environmental catastrophe and the ship is stable enough that search efforts for the missing can continue, Italian officials said.

The decision to carry out both operations in tandem was made after instrument readings determined that the Costa Concordia was not at risk of sliding into deeper waters, Franco Gabrielli, chief of the national civil protection agency, told reporters Monday on the island of Giglio.

"The ship is stable. ... There is no problem or danger that it is about to drop onto much lower seabed," Gabrielli said.

The Concordia rammed a reef Jan. 13 on the tiny Tuscan island and capsized a few hours later just outside Giglio's port as it carried 4,200 passengers and crew on a Mediterranean cruise.

Taking advantage of calm seas, divers on Monday found the bodies of two women near the ship's Internet cafe, raising to 15 the number of confirmed dead.

There are 17 people still unaccounted for, but Gabrielli has said an unregistered Hungarian woman might have been aboard ship. The woman's relatives have told Italian authorities they haven't heard from her since she called them to say she was aboard the ship.

The ship's Italian captain, Francesco Schettino is under house arrest near Naples as prosecutor's investigate him for suspected manslaughter, causing a shipwreck and abandoning his vessel while some passengers and crew were still aboard. He has insisted that he was coordinating rescue operations from a lifeboat and then from shore.

Costa Crociere SpA has distanced itself from the captain, contending that he made an unauthorized deviation from the programmed route. Schettino has reportedly told investigators that Costa officials had requested that he sail close to Giglio in a publicity move.

Schettino's lawyer, Bruno Leporatti, told reporters Monday that tests on urine and hair samples found that his client had not been under the influence of alcohol or drugs before the crash. Prosecutors could not confirm the report, since they cannot speak about the investigation while it is still under way.

Despite earlier fears, officials said the crippled cruise ship, with a 70-meter (230-foot) long gash in its hull, is not expected to roll off its rocky seabed perch and be completely swallowed by the sea.

An Italian geologist, on Giglio to monitor the Concordia, told Sky TG24 Monday the ship was barely moving.

"It is moving at the rate of about one or two millimeters an hour," said Nicola Casagli, adding the ship has moved up to 3mm an hour when tides come in or out. "The ship responds to the tides."

The sea has been calm for several days but he said waves were expected to grow larger in the next few days.

In all, seven bodies await identification, but Gabrielli said officials have DNA from the relatives of all of the missing passengers and are working to confirm names and nationalities. He said the search would continue "as long as it is possible to inspect whatever can be inspected."

Meanwhile, Italian Admiral Ilarione dell'Anna said the fuel removal could begin as early as Tuesday, addressing growing concern among residents and environmentalists that the heavy, tar-like fuel could leak from the ship's 17 double-bottomed tanks.

"They should start the oil drainage operations on the ship. At this point those who died will not come back to life. Even if they pull them out later, unfortunately it won't make a difference," Andrea Ginanneschi, a resident of Giglio, told The Associated Press.

Dell'Anna predicted it would take 28 days to remove all of the fuel, without any interruptions. Officials said the first tank to be emptied will be one above the waterline.

Eight kilometers (five miles) of oil barriers, including absorbent ones, have been laid in the area to protect marine life and the coast in the pristine waters off Giglio, which are prime fishing grounds and a protected area for dolphins and whales.

Recovery experts from the Dutch salvage company Smit have previously said they will create holes in the top and the bottom of each tank, heating the fuel so it flows more easily and pumping from the top while forcing air in from the bottom. For the underwater tanks, sea water will be used to displace the fuel, which becomes thick and gooey when cooled.

Already, some diesel and lubricants have leaked into the water near the ship, probably from machinery on board. Officials have characterized the contamination as superficial.

"Smit has been ready for a week to begin pumping fuel from the tanks, awaiting only the go- ahead," said a company statement. "For this purpose, SMIT has mobilized an oil tanker with emergency response equipment including sweeping arms, booms and a skimmer."

It said the vessel arrived on Monday.

The company also said Italian authorities have indicated it can begin the removal once a second absorbent boom is in place around the ship. The booms are used "to reduce the possibility of polluting shorelines and to help make recovery easier."

Besides 2,200 metric tons of heavier fuel, there also are 185 metric tons of diesel and lubricants on board in addition to chemicals including cleaning products and chlorine.

__

Barry reported from Milan. Andrea Foa reported from Giglio.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-23-EU-Italy-Cruise-Aground/id-c1669ddba0454abd937c15851d37db0c

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Tuesday, January 24, 2012

Drawing thousands, Gingrich goes hardest at Obama (AP)

NAPLES, Fla. ? Buoyed by strong crowds, Republican Newt Gingrich put a greater emphasis Tuesday on a possible matchup with President Barack Obama and spent less time drawing contrasts with GOP presidential rival Mitt Romney.

The former House speaker saw his crowd sizes swell into the thousands, including an event at a U.S. flag-draped Sarasota airport hangar and another overflow event at a town square in Naples. He also enjoyed a burst of fundraising with a week to go before Florida's presidential primary. An official at a political action committee backing his White House bid said they were buying $6 million in Florida ad time.

All day, Gingrich made brief mentions of Romney. Gingrich referred to his rival as the moderate in a race where conservative credentials matter most. He linked Romney to Florida's former Republican governor-turned-independent, Charlie Crist, by talking about campaign staffers common to both men.

But he swung harder at Obama, saying he would offer the most striking choice against the incumbent in a November election.

Gingrich's remarks were partially timed to Tuesday night's State of the Union address. Gingrich said Obama should stop blaming his Republican predecessor for the country's economic woes.

"This is the fourth year of his presidency. He needs to get over it," Gingrich said. "A friend of mine says, `He has shifted from Yes We Can to Why We Couldn't.'"

Barely a half-year after his campaign all but imploded, Gingrich is reveling in a surge. He rebounded from disappointing showings in Iowa and New Hampshire to trounce Romney in South Carolina. Since then, he has shot to the front of many polls in Florida and nationally.

It's showing in his campaign finances, too. Gingrich officials said they raised more than $2 million since his win Saturday in South Carolina and expected hundreds of thousands more from finance events Tuesday.

A fundraising appeal sent out to supporters Tuesday underscored the new-found confidence.

"There is no longer any doubt that we can win the GOP nomination," Gingrich says in the pitch.

Winning Our Future, a Super PAC run by former Gingrich adviser Rick Tyler, said separately it would use its newly purchased ad time to criticize Romney on health care. Romney approved a health law as governor of Massachusetts that some have described as a model for the controversial insurance mandate achieved by Obama.

The PAC is financed largely by the family of a Las Vegas casino magnate.

___

Associated Press writer Shannon McCaffrey in Atlanta contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120125/ap_on_el_pr/us_gingrich

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Nowitzki will miss 4 games to improve conditioning

Dallas Mavericks forward Dirk Nowitzki (41), of Germany, puts a jump shot over Utah Jazz forward Paul Millsap (24) during the first half of an NBA basketball game in Salt Lake City, Thursday, Jan. 19, 2012. (AP Photo/Steve C. Wilson)

Dallas Mavericks forward Dirk Nowitzki (41), of Germany, puts a jump shot over Utah Jazz forward Paul Millsap (24) during the first half of an NBA basketball game in Salt Lake City, Thursday, Jan. 19, 2012. (AP Photo/Steve C. Wilson)

Dallas Mavericks forward Dirk Nowitzki, of Germany, reacts after hitting a 3-point shot during the first half of the Mavericks' NBA basketball game against the Los Angeles Clippers, Wednesday, Jan. 18, 2012, in Los Angeles. (AP Photo/Mark J. Terrill)

(AP) ? Dirk Nowitzki sat out Dallas' victory in New Orleans on Saturday night and will miss at least three more games so the star forward can get in better game shape while strengthening his sore right knee.

"We just thought it was a good decision for everybody. I'm not happy right now anyways, so the guys are better off when I'm not out there," Nowitzki said. "This gives me time to really do some of the stuff that I couldn't do when my knee was bothering me the last couple weeks. I couldn't lift and run and do the things I needed to do."

Dallas coach Rick Carlisle said he and the Mavericks' training staff decided Nowitzki needed "an uninterrupted eight days of work to resolve some physical issues and conditioning issues," adding that Nowitzki had "no choice" in the matter.

"There was no negotiating," Carlisle said. "The important thing to realize is this is not a rest week. This is a work week and we're going to get some of these minor issues resolved.

"He's going to be busting his (behind) this week. We're going to be on him hard," Carlisle added. "He's got a lot of work to do and if things go like we think they'll go, by the end of the week he'll be back and ready to play."

Nowitzki has been playing with a protective sleeve on his right knee and at times has complained of stiffness and irritation. His 17.5 points per game this season is a little more than four points below his career average.

He said his knee has been feeling better recently, but added that by "continuously playing on it, it wasn't getting better quick enough."

Nowitzki played as recently as Wednesday night's 94-91 victory at Utah, but was held to what is for him a relatively low 12 points to go with five rebounds.

"I couldn't go by anybody off the dribble and that's part of my game. Right now I'm basically a pop-up shooter every time I caught it, and if I didn't have (the shot), I had to swing it because I just couldn't make a move, couldn't go by anybody," Nowitzki said. "I didn't feel comfortable. So that's something that I've got to work on this week is putting the ball on the floor and get comfortable and really getting confidence in my leg strength ... and I'll be back to my old self."

Lamar Odom started for Nowitzki and scored 16 points in an 83-81 win over the Hornets.

"I liked the way Lamar played. We're a running team, so with him starting and getting more minutes, this is an opportunity for him to get in the habit of running and to raise his level of conditioning," Carlisle said. "This week is a big week for him."

Reserve forward Brian Cardinal expressed confidence in the Mavericks' ability to compensate for Nowitzki's absence.

"The beauty of our team is our depth," Cardinal said. "It's just not one person that's going to have to replace him. We're going to have to collectively."

Cardinal said the compressed game schedule caused by the recent NBA lockout was making it tougher for Nowitzki to work his way back into shape.

"Without having a lot of practice time it's hard. All we do is play games," Cardinal said. "So it's hard to work on your game, work on your craft. This gives him that opportunity and at the same time it gives other people an opportunity (to play), so I think it's a win-win for us."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-01-22-Mavericks-Nowitzki/id-f451174ee99e45268c20411ae9dddcca

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Monday, January 23, 2012

Syria rejects new Arab League plan to end crisis

An anti-Syrian regime protester colors his fingers with the revolutionary flag colors during a protest outside the Arab League headquarters in Cairo, Egypt Sunday, Jan. 22, 2012. Arab League foreign ministers, meeting in Cairo, extended the much-criticized observers mission for another month, officials from the 22-member organization said. The League decided to add more observers and provide them with additional resources, the officials said. (AP Photo/Nasser Nasser)

An anti-Syrian regime protester colors his fingers with the revolutionary flag colors during a protest outside the Arab League headquarters in Cairo, Egypt Sunday, Jan. 22, 2012. Arab League foreign ministers, meeting in Cairo, extended the much-criticized observers mission for another month, officials from the 22-member organization said. The League decided to add more observers and provide them with additional resources, the officials said. (AP Photo/Nasser Nasser)

Syrian army defectors gather at the mountain resort town of Zabadani, Syria, near the Lebanese border, on Friday Jan. 20, 2012. President Bashar Assad's forces attacked Zabadani, some 17 miles (27 kilometers) west of the capital, for six days, sparking fierce fighting that involved heavy bombardments and clashes with army defectors. On Wednesday, government tanks and armored vehicles pulled back, leaving the opposition in control of the town. Buoyed by the opposition's control of a town near the Syrian capital, thousands of people held anti-government protests Friday, chanting for the downfall of the regime. At least eight people were killed by security forces across the country, activists said. (AP Photo)

Syrian army defectors gather at the mountain resort town of Zabadani, Syria, near the Lebanese border, on Friday Jan. 20, 2012. President Bashar Assad's forces attacked Zabadani, some 17 miles (27 kilometers) west of the capital, for six days, sparking fierce fighting that involved heavy bombardments and clashes with army defectors. On Wednesday, government tanks and armored vehicles pulled back, leaving the opposition in control of the town. Buoyed by the opposition's control of a town near the Syrian capital, thousands of people held anti-government protests Friday, chanting for the downfall of the regime. At least eight people were killed by security forces across the country, activists said. (AP Photo)

An anti-Syrian regime protester flashes victory sign as he marches during a demonstration at the mountain resort town of Zabadani, Syria, near the Lebanese border, on Friday Jan. 20, 2012. President Bashar Assad's forces attacked Zabadani, some 17 miles (27 kilometers) west of the capital, for six days, sparking fierce fighting that involved heavy bombardments and clashes with army defectors. On Wednesday, government tanks and armored vehicles pulled back, leaving the opposition in control of the town. Buoyed by the opposition's control of a town near the Syrian capital, thousands of people held anti-government protests Friday, chanting for the downfall of the regime. At least eight people were killed by security forces across the country, activists said. (AP Photo)

Anti-Syrian regime protesters carry revolutionary flags while performing a traditional dance during a protest outside the Arab League headquarters in Cairo, Egypt Sunday, Jan. 22, 2012. Arab League foreign ministers, meeting in Cairo, extended the much-criticized observers mission for another month, officials from the 22-member organization said. The League decided to add more observers and provide them with additional resources, the officials said. (AP Photo/Nasser Nasser)

(AP) ? Syria on Monday rejected the Arab League's wide-ranging new plan to end the country's 10-month crisis, saying the League's call for a national unity government in two months is a clear violation of Syrian sovereignty.

Meanwhile, tens of thousands of people poured into the streets in a suburb outside the capital, Damascus, to mourn 11 residents who were either shot dead by security forces or killed in clashes between army defectors and troops a day earlier, activists said.

The crowd in Douma ? which one activist said was 60,000-strong ? was under the protection of dozens of army defectors who are in control of the area after regime forces pulled out late Sunday, said Samer al-Omar, a Douma resident.

The reports could not be independently confirmed.

President Bashar Assad blames the uprising that erupted in March on terrorists and armed gangs acting out a foreign conspiracy to destabilize the country. His regime has retaliated with a brutal crackdown that the U.N. says has killed more than 5,400 people.

There is growing urgency, however, to find a resolution to a crisis that is growing increasingly violent as regime opponents and army defectors who have switched sides have started to fight back against government forces.

The Arab League has tried to stem the bloodshed by condemning the crackdown, imposing sanctions and sending a team of observers to the country. On Sunday, the League called for a unity government within two months, which would then prepare for parliamentary and presidential elections to be held under Arab and international supervision.

The proposal also provides for Assad to give his vice president full powers to cooperate with the proposed government to enable it to carry out its duties during a transitional period.

The state-run news agency, SANA, said Damascus considers the plan "flagrant interference in its internal affairs" and the latest turn in an international plot against Syria.

It was not immediately clear what steps, if any, Syria could take to counter the Arab League's stance.

The European Union backed the Arab plan Monday, and it extended existing sanctions against Assad's government by adding 22 more officials and eight companies to the blacklist.

Omar Idlibi, a spokesman for the Syrian National Council opposition group, said the Arab efforts do not go far enough. He and many other opposition figures demand Assad leave power and say anything less will just give the regime time to bury the revolt.

But there are significant splits in the opposition about the way forward.

Hassan Abdul-Azim, who heads the National Coordination Body for Democratic Change in Syria, or NCB, said the Arab plan is an "advanced step as the Arab League has started dealing with matters more seriously."

Abdul-Azim told The Associated Press that the plan would put more pressure on Assad's regime and "tells it that it's impossible to keep matters as they are."

Syria appeared to get a serious boost Monday from its powerful allies in Russia. Russia's business daily Kommersant reported that Moscow has signed a contract to sell 36 Yak-130 combat jets to Syria ? a deal that, if confirmed, would openly defy international efforts to pressure Assad's regime.

The Arab League's observer mission has come under heavy criticism for failing to stop the violence in Syria.

On Monday, the head of the mission defended the observers' work, saying their presence had cut down on the bloodshed. Speaking at League headquarters in Cairo, Sudanese Gen. Mohammed Ahmed al-Dabi told reporters the observers have witnessed violence from both the Syrian security forces and armed opposition groups.

"When the delegation arrived, there was clear and obvious violence," he said. "But after the delegation arrived, the violence started to go lessen gradually."

On Sunday, Arab League foreign ministers extended the mission for another month. The mission's one-month mandate technically expired on Thursday.

Violence continued inside Syria on Monday.

The British-based Syrian Observatory for Human Rights said troops and army defectors clashed Monday near the western town of Qusair, close to the Lebanese border. It said five soldiers were killed and 13 were wounded.

The Observatory added that 11 civilians were killed by security forces in different parts of Syria, five of them in the northwestern province of Idlib, that borders Turkey.

The LCC put Monday's death toll at 10.

It was impossible to reconcile the discrepancy.

Syria has prevented most independent media coverage and until recently has refused to issue visas for most foreign journalists. In recent weeks, the regime has begun to permit entry for journalists on trips escorted by government minders.

___

Hubbard reported from Cairo.

___

Bassem Mroue can be reached on http://twitter.com/bmroue

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-01-23-ML-Syria/id-0a6b8717625d40df890f1a1082f8ddd6

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Family, football meant everything to Joe Paterno

FILE - In this Oct. 5, 2010 file photo, Penn State football coach Joe Paterno leaves Beaver Stadium after his weekly NCAA college football news conference on Tuesday, Oct. 5, 2010 in State College, Pa. Paterno, the longtime Penn State coach who won more games than anyone else in major college football but was fired amid a child sex abuse scandal that scarred his reputation for winning with integrity, died Sunday, Jan. 22, 2012. He was 85. (AP Photo/Pat Little, file)

FILE - In this Oct. 5, 2010 file photo, Penn State football coach Joe Paterno leaves Beaver Stadium after his weekly NCAA college football news conference on Tuesday, Oct. 5, 2010 in State College, Pa. Paterno, the longtime Penn State coach who won more games than anyone else in major college football but was fired amid a child sex abuse scandal that scarred his reputation for winning with integrity, died Sunday, Jan. 22, 2012. He was 85. (AP Photo/Pat Little, file)

FILE - In this Sept. 4, 2004 file photo, Penn State coach Joe Paterno leads his team onto the field before an NCAA college football game against Akron in State College, Pa. Paterno, the longtime Penn State coach who won more games than anyone else in major college football but was fired amid a child sex abuse scandal that scarred his reputation for winning with integrity, died Sunday, Jan. 22, 2012. He was 85. (AP Photo /Carolyn Kaster, File)

FILE - In this Aug. 6, 1999, file photo, Penn State head football coach Joe Paterno, right, poses with his defensive coordinator Jerry Sandusky during Penn State Media Day at State College, Pa. In a statement made Sunday, Jan. 22, 2012, retired Penn State assistant coach Sandusky, who faces child sex abuse charges in a case that led to the firing of Paterno, says Paterno's death is a sad day. (AP Photo/Paul Vathis, File)

A woman pays her respects at a statue of Joe Paterno outside Beaver Stadium on the Penn State University campus after learning of his death Sunday, Jan. 22, 2012 in State College, Pa. (AP Photo/Gene J. Puskar)

A flag and Penn State scarf are displayed on a statue of former Penn State football coach Joe Paterno outside Beaver Stadium on the Penn State campus as fans pay their respects after learning of Paterno's death Sunday, Jan. 22, 2012, in State College, Pa. (AP Photo/Gene J. Puskar)

STATE COLLEGE, Pa. (AP) ? Other than family, football was everything to Joe Paterno. It was his lifeblood. It kept him pumped.

Life could not be the same without it.

"Right now, I'm not the coach. And I've got to get used to that," Paterno said after the Penn State Board of Trustees fired him at the height of a child sex abuse scandal.

Before he could, he ran out of time.

Paterno, a sainted figure at Penn State for almost half a century but scarred forever by the scandal involving his one-time heir apparent, died Sunday at age 85.

His death came just 65 days after his son Scott said his father had been diagnosed with lung cancer. Mount Nittany Medical Center said he died at 9:25 a.m. of "metastatic small cell carcinoma of the lung," an aggressive cancer that has spread from one part of the body to an unrelated area.

Friends and former colleagues believe there were other factors ? the kind that wouldn't appear on a death certificate.

"You can die of heartbreak. I'm sure Joe had some heartbreak, too," said 82-year-old Bobby Bowden, the former Florida State coach who retired two years ago after 34 seasons in Tallahassee.

Longtime Nebraska coach Tom Osborne said he suspected "the emotional turmoil of the last few weeks might have played into it."

And Mickey Shuler, who played tight end for Paterno from 1975 to 1977, held his alma mater accountable.

"I don't think that the Penn State that he helped us to become and all the principles and values and things that he taught were carried out in the handling of his situation," he said.

Paterno's death just under three months following his last victory called to mind another coaching great, Alabama's Paul "Bear" Bryant, who died less than a month after retiring.

"Quit coaching?" Bryant said late in his career. "I'd croak in a week."

Paterno alluded to the remark made by his friend and rival, saying in 2003: "There isn't anything in my life anymore except my family and my football. I think about it all the time."

The winningest coach in major college football, Paterno roamed the Penn State sidelines for 46 seasons, his thick-rimmed glasses, windbreaker and jet-black sneakers as familiar as the Nittany Lions' blue and white uniforms.

His devotion to what he called "Success with Honor" made Paterno's fall all the more startling.

Happy Valley seemed perfect for him, a place where "JoePa" knew best, where he not only won more football games than any other major college coach, but won them the right way. With Paterno, character came first, championships second, academics before athletics. He insisted that on-field success not come at the expense of graduation rates.

But in the middle of his final season, the legend was shattered. Paterno was engulfed in a child sex abuse scandal when a former trusted assistant, Jerry Sandusky, was accused of molesting 10 boys over a 15-year span, sometimes in the football building.

Outrage built quickly after the state's top law enforcement official said the coach hadn't fulfilled a moral obligation to go to authorities when a graduate assistant, Mike McQueary, reported seeing Sandusky with a young boy in the showers of the football complex in 2002.

McQueary said that he had seen Sandusky attacking the child with his hands around the boy's waist but said he wasn't 100 percent sure it was intercourse. McQueary described Paterno as shocked and saddened and said the coach told him he had "done the right thing" by reporting the encounter.

Paterno waited a day before alerting school officials and never went to the police.

"I didn't know which way to go ... and rather than get in there and make a mistake," Paterno told The Washington Post in an interview nine days before his death.

"You know, (McQueary) didn't want to get specific," Paterno said. "And to be frank with you I don't know that it would have done any good, because I never heard of, of, rape and a man. So I just did what I thought was best. I talked to people that I thought would be, if there was a problem, that would be following up on it."

When the scandal broke in November, Paterno said he would retire following the 2011 season. He also said he was "absolutely devastated" by the abuse case.

"This is a tragedy," he said. "It is one of the great sorrows of my life. With the benefit of hindsight, I wish I had done more."

But the university trustees fired Paterno, effective immediately. Graham Spanier, one of the longest-serving university presidents in the nation, also was fired.

Paterno was notified by phone, not in person, a decision that board vice chairman John Surma regretted, trustees said. Lanny Davis, the attorney retained by trustees as an adviser, said Surma intended to extend his regrets over the phone before Paterno hung up him.

After weeks of escalating criticism by some former players and alumni about a lack of transparency, trustees last week said they fired Paterno in part because he failed a moral obligation to do more in reporting the 2002 allegation.

An attorney for Paterno on Thursday called the board's comments self-serving and unsupported by the facts. Paterno fully reported what he knew to the people responsible for campus investigations, lawyer Wick Sollers said.

"He did what he thought was right with the information he had at the time," Sollers said.

The lung cancer was found during a follow-up visit for a bronchial illness. A few weeks later, Paterno broke his pelvis after a fall but did not need surgery.

The hospital said Paterno was surrounded by family members, who have requested privacy.

Paterno had been in the hospital since Jan. 13 for observation after what his family called minor complications from his cancer treatments. Washington Post writer Sally Jenkins, who conducted the final interview, described Paterno then as frail, speaking mostly in a whisper and wearing a wig. The second half of the two-day interview was done at his bedside.

On Sunday, two police officers were stationed to block traffic on the street where Paterno's modest ranch home stands next to a local park. The officers said the family had asked there be no public gathering outside the house, still decorated with a Christmas wreath, so Paterno's relatives could grieve privately. And, indeed, the street was quiet on a cold winter day.

Paterno's sons, Scott and Jay, arrived separately at the house late Sunday morning. Jay Paterno, who was his father's quarterbacks coach, was crying.

"His loss leaves a void in our lives that will never be filled," the family said in a statement. "He died as he lived. He fought hard until the end, stayed positive, thought only of others and constantly reminded everyone of how blessed his life had been. His ambitions were far reaching, but he never believed he had to leave this Happy Valley to achieve them. He was a man devoted to his family, his university, his players and his community."

Paterno built a program based on the credo of "Success with Honor," and he found both. He won 409 games and took the Nittany Lions to 37 bowl games and two national championships. More than 250 of the players he coached went on to the NFL.

"He will go down as the greatest football coach in the history of the game," Ohio State coach Urban Meyer said after his former team, the Florida Gators, beat Penn State 37-24 in the 2011 Outback Bowl.

The university handed the football team to one of Paterno's assistants, Tom Bradley, who said Paterno "will go down in history as one of the greatest men, who maybe most of you know as a great football coach."

"As the last 61 years have shown, Joe made an incredible impact," said the statement from the family. "That impact has been felt and appreciated by our family in the form of thousands of letters and well wishes along with countless acts of kindness from people whose lives he touched. It is evident also in the thousands of successful student athletes who have gone on to multiply that impact as they spread out across the country."

New Penn State football coach Bill O'Brien, hired earlier this month, offered his condolences.

"There are no words to express my respect for him as a man and as a coach," O'Brien said in a statement. "To be following in his footsteps at Penn State is an honor."

Paterno believed success was not measured entirely on the field. From his idealistic early days, he had implemented what he called a "grand experiment" ? to graduate more players while maintaining success on the field.

The team consistently ranked among the best in the Big Ten for graduating players. As of 2011, it had 49 academic All-Americans, the third-highest among schools in the Football Bowl Subdivision. All but two played under Paterno.

"He teaches us about really just growing up and being a man," former linebacker Paul Posluszny, now with the NFL's Jacksonville Jaguars, once said. "Besides the football, he's preparing us to be good men in life."

Sandusky, who has maintained his innocence, lauded his former boss in a statement that said: "He maintained a high standard in a very difficult profession. Joe preached toughness, hard work and clean competition. Most importantly, he had the courage to practice what he preached."

Paterno certainly had detractors. One former Penn State professor called his high-minded words on academics a farce, and a former administrator said players often got special treatment. His coaching style often was considered too conservative. Some thought he held on to his job too long, and a move to push him out in 2004 failed.

But the critics were in the minority, and his program was never cited for major NCAA violations. The child sex abuse scandal, however, did prompt separate inquiries by the U.S. Department of Education and the NCAA into the school's handling.

Paterno didn't intend to become a coach. He played quarterback and defensive back for Brown University and set a school record with 14 career interceptions, but when he graduated in 1950 he planned to go to law school. He said his father hoped he would someday be president.

But when Paterno was 23, a former coach at Brown was moving to Penn State to become the head coach and persuaded Paterno to come with him as an assistant.

"I had no intention to coach when I got out of Brown," Paterno said in 2007 in an interview at Penn State's Beaver Stadium before being inducted into college football's Hall of Fame. "Come to this hick town? From Brooklyn?"

In 1963, he was offered a job by the late Al Davis ? $18,000, triple his salary at Penn State, plus a car to become general manager and coach of the AFL's Oakland Raiders. He said no. Rip Engle retired as Penn State head coach three years later, and Paterno took over.

At the time, Penn State was considered "Eastern football" ? inferior ? and Paterno courted newspaper coverage to raise the team's profile. In 1967, PSU began a 30-0-1 streak.

But Penn State couldn't get to the top of the polls. The Nittany Lions finished second in 1968 and 1969 despite perfect seasons. They were undefeated and untied again in 1973 at 12-0 again but finished fifth. Texas edged them in 1969 after President Richard Nixon, impressed with the Longhorns' bowl performance, declared them No. 1.

"I'd like to know," Paterno said later, "how could the president know so little about Watergate in 1973, and so much about college football in 1969?"

A national title finally came in 1982, after a 27-23 win over Georgia at the Sugar Bowl. Another followed in 1986 after the Lions intercepted Vinny Testaverde five times and beat Miami 14-10 in the Fiesta Bowl.

They made several title runs after that, including a 2005 run to the Orange Bowl and an 11-1 season in 2008 that ended in a 37-23 loss to Southern California in the Rose Bowl.

In his later years, physical ailments wore the old coach down.

Paterno was run over on the sideline during a game at Wisconsin in November 2006 and underwent knee surgery. He hurt his hip in 2008 demonstrating an onside kick. An intestinal illness and a bad reaction to antibiotics prescribed for dental work slowed him for most of the 2010 season. He began scaling back his speaking engagements that year, ending his summer caravan of speeches to alumni across the state.

Then a receiver bowled over Paterno at practice in August, sending him to the hospital with shoulder and pelvis injuries and consigning him to coach much of what would be his last season from the press box.

"The fact that we've won a lot of games is that the good Lord kept me healthy, not because I'm better than anybody else," Paterno said two days before he won his 409th game and passed Eddie Robinson of Grambling State for the most in Division I. "It's because I've been around a lot longer than anybody else."

Paterno could be conservative on the field, especially in big games, relying on the tried-and-true formula of defense, the running game and field position.

He and his wife, Sue, raised five children in State College. Anybody could telephone him at his home ? the same one he appeared in front of on the night he was fired ? by looking up "Paterno, Joseph V." in the phone book.

He walked to home games and was greeted and wished good luck by fans on the street. Former players paraded through his living room for the chance to say hello. But for the most part, he stayed out of the spotlight.

Paterno did have a knack for jokes. He referred to Twitter, the social media site, as "Twittle-do, Twittle-dee."

He also could be abrasive and stubborn, and he had his share of run-ins with his bosses or administrators. And as his legend grew, so did the attention to his on-field decisions, and the questions about when he would hang it up.

Calls for his retirement reached a crescendo in 2004. The next year, Penn State went 11-1 and won the Big Ten. In the Orange Bowl, PSU beat Florida State, coached by Bowden, who was eased out after the 2009 season after 34 years and 389 wins.

Like many others, he was outlasted by "JoePa."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-22-Obit-Joe%20Paterno/id-a53ec5f00a6b4c689f1d0a33b7264146

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Sunday, January 22, 2012

Hello

Hello, im new to the forum, even though i have had this account since 2010. I made it awhile ago but forgot I had it, silly me. I've recently rekindled my interest in roleplaying, though to be fair im like a new born babe all over again. It has been a long time since I have roleplayed but I'd like to start it up again for myself. I love the simple organization this site offers and would like to become a more active member here, unlike when I first made the account.

The Doctor is in, blasphemers beware

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Greece, banks near a debt swap deal - source

Greece and its private sector creditors are converging towards a debt swap deal that would cause a real loss of 65 to 70 percent for private bondholders, a banking official close to the talks told Reuters on Friday.

"The two sides are converging," the official said after a meeting between IIF chief Charles Dallara, Greek Prime Minister Lucas Papademos and Finance Minister Evangelos Venizelos.

"The new bond will likely have a 30-year maturity and a grace period of 10 years. It will have a stepped-up coupon structure which will average out in the area of 4 percent," the official said.

Copyright 2012 Thomson Reuters. Click for restrictions.

Source: http://www.msnbc.msn.com/id/46069978/ns/business-world_business/

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