Sunday, February 17, 2013

Russian region begins recovery from meteor fall

CHELYABINSK, Russia (AP) ? A small army of workers set to work Saturday to replace the estimated 200,000 square meters (50 acres) of windows shattered by the shock wave from a meteor that exploded over Russia's Chelyabinsk region.

The astonishing Friday morning event blew out windows in more than 4,000 buildings in the region, mostly in the capital city of the same name and injured some 1,200 people, largely with cuts from the flying glass.

Fifteen of the injured remained hospitalized on Saturday, one of them in a coma, the regional health ministry said, according to the Interfax news agency.

Regional governor Mikhail Yurevich on Saturday said damage from the high-altitude explosion ? estimated to have the force of 20 atomic bombs ? is estimated at 1 billion rubles ($33 million). He promised to have all the broken windows replaced within a week.

But that is a long wait in a frigid region. The midday temperature in Chelyabinsk was minus-12 C (10 F), and for many the immediate task was to put up plastic sheeting and boards on shattered residential windows.

More than 24,000 people, including volunteers, have mobilized in the region to cover windows, gather warm clothes and food and make other relief efforts, the regional governor's office said. Crews from glass companies in adjacent regions were being flown in.

In the town of Chebarkul, 80 kilometers (50 miles) west of Chelyabinsk city, divers explored the bottom of an ice-crusted lake looking for meteor fragments believed to have fallen there, leaving a six-meter-wide (20-foot-wide) hole. Emergency Ministry spokeswoman Irina Rossius told Russian news agencies the search hadn't found anything.

Police kept a small crowd of curious onlookers from venturing out onto the icy lake, where a tent was set up for the divers.

Many of them were still trying to process the memories of the strange day they'd lived through.

Valery Fomichov said he had been out for a run when the meteor streaked across the sky shortly after sunrise.

"I glanced up and saw a glowing dot in the west. And it got bigger and bigger, like a soccer ball, until it became blindingly white and I turned away," he said.

In a local church, clergyman Sexton Sergei sought to derive a larger lesson.

"Perhaps God was giving a kind of sign, so that people don't simply think about their own trifles on earth, but rather look to the heavens once in a while."

___

Jim Heintz in Moscow contributed to this report.

Source: http://news.yahoo.com/russian-region-begins-recovery-meteor-fall-084058192.html

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Saturday, February 16, 2013

Republican leadership finally notice GOP Civil War

Inside the cozy enclaves of GOP bonhomie?hunkered at the tables of see-and-be-seen Washington restaurants?Republican leaders are sourly predicting a party-busting independent presidential bid by a tea-party challenger, like Sen. Rand Paul, R-Ky., in 2016.

To them, the GOP apocalypse looms larger than most realize. Dueling State of the Union rebuttals and Karl Rove?s assault on right-wing candidates are mere symptoms of an existential crisis that is giving the sturdiest Republicans heartburn.

And yet, the heart of the matter extends beyond the GOP. My conversations this week with two Republican officials, along with a Democratic strategist's timely memo, reflect a growing school of thought in Washington that social change and a disillusioned electorate threaten the entire two-party system.

(RELATED: 6 Reasons Why the Two-Party System May Become Obsolete)

Seem like a lot to swallow? Allow me to describe my last few days at work.

Between bites of an $18.95 SteakBurger at the Palm, one of Washington?s premier expense-account restaurants, Republican consultant Scott Reed summed up the state of politics and his beloved GOP. ?The party,? he told me, ?is irrelevant.?

He cited the familiar litany of problems: demographic change, poor candidates, ideological rigidity, deplorable approval ratings, and a rift between social and economic conservatives.

?It?s leading to some type of crash and reassessment and change,? said Reed, who ran Bob Dole?s 1996 presidential campaign and remains an influential lobbyist and operative. ?It can?t continue on this path.?

Reed sketched a hypothetical scenario under which Paul runs for the Republican nomination in 2016, loses after solid showings in Iowa and other states run by supporters of his father (former GOP presidential candidate Ron Paul), bolts the GOP, and mounts a third-party bid that undercuts the Republican nominee.

Paul, a tea-party favorite who was elected to the Senate in 2010, told USA Today?on Wednesday that he was interested in running for the Republican presidential nomination in 2016. "I do want to be part of the national debate," he said.

What are the odds of Paul or another GOP defector splitting the party? Reed asked me to repeat the question?and then grimaced. ?There?s a real chance,? he replied.

The next morning, Rep. Reid Ribble of Wisconsin dipped his spoon into a bowl of strawberries, sugar, and pink milk?and declared the era of two major parties just about over. ?I think we?re at the precipice of a breakdown of the two-party system,? said the Wisconsin Republican.

Voters are tired of partisan rancor and institutional incompetence, Ribble said, pointing to polls that suggest the number of independent voters is rising.

?Ross Perot was a goofy guy,? he said of the deficit hawk who mounted two independent presidential bids in the 1990s. ?If he was packaged as a different guy and had the Internet, he would have emerged [as president]. The warning bell he was sounded then is getting louder today.?

(Related: In Congress, Compromise is a 4-letter Word")

Ribble represents one of the few House districts still divided almost equally between Republican and Democratic voters. Many of the rest are gerrymandered, drawn to easily elect a conservative Republican or liberal Democrat. It's one cause of gridlock, what voters loathe about Washington. ?I think over a period of time we could watch third and even fourth parties emerging,? Ribble said.

A third voice joined the conversation when Democratic consultant Doug Sosnik released his State of the Union memo, a remarkable document warning both Democrats and Republicans about the increasing likelihood of a third-party presidential bid.

?And even though the Republican Party is in free fall, the Democratic Party?s position among the electorate has only marginally benefited from its misfortune,? Sosnik wrote. ?The broad sense of alienation leaves a very wide door open for a third party presidential candidate in the future.? (Disclosure: I coauthored a book with Sosnik and GOP consultant Matthew Dowd about the effect that social change has on politics.)

Sosnik noted ?the staggering pace of economic, demographic, and technological change,? a period of social tumult that rivals the first years of the industrial revolution. ?All the upheaval and uncertainty have taken a toll on Americans? confidence in their government and institutions to solve the nation?s problems,? Sosnik wrote, touching on a topic I explored in a 2012 National Journal magazine feature, ?In Nothing We Trust.?

?This disaffection shows no signs of dissipating any time soon,? Sosnik continued. ?There?s little doubt that it will continue to be a major challenge for both political parties and future presidential aspirants as the clock continues to tick on President Obama?s presidency.?

In a telephone interview last week, Sosnik said voters are wary of the leadership pool in U.S. politics. Business or even religious leaders could find traction in future presidential races.

?I think we will have a great debate with third and even fourth parties? vying for traditional GOP voters as well as Democrats now aligned with Obama, he said.

The Democratic Party will have trouble transferring Obama?s popularity to its next presidential nominee unless Hillary Rodham Clinton runs, Sosnik told me.

?I?m not surprised Republicans in this town are telling you they?re worried about the declining influence of their party and the potential for a third-party bid,? Sosnik said, adding with a chuckle: ?Democrats should worry, too.?

He wasn't joking.

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Source: http://www.nationaljournal.com/politics/republican-leaders-worry-their-party-could-divide-in-two-20130214

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Thursday, February 14, 2013

Feb 13 - Nra President Responds To State Of The Union Address

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Source: http://slumz.boxden.com/f5/feb-13-nra-president-responds-state-union-address-1884341/

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Canada Unequivocally Condemns North Korean Nuclear Test

February 12, 2013 - Foreign Affairs Minister John Baird today issued the following statement:

?The North Korean regime?s reckless disregard for the global will is again on display.

?This test?North Korea?s third?is provocative and marks a serious, misguided threat to regional peace and security.

?What makes such actions even more unconscionable is the fact that the North Korean people starve and are denied their basic human dignity while the Pyongyang regime squanders limited resources.

?While we had hoped the passing of dictator Kim Jong-il would have closed a sad chapter in North Korea, we are disappointed that his son has continued the irresponsible path of placing weapons before the well-being of people.

?Canada will work with our international partners to pursue all appropriate actions and sanctions against the rogue regime in North Korea.?

- 30 -

For further information, media representatives may contact:

Foreign Affairs Media Relations Office
Foreign Affairs and International Trade Canada
613-995-1874
Follow us on Twitter: @DFAIT_MAECI

Source: http://www.international.gc.ca/media/aff/news-communiques/2013/02/12a.aspx?lang=eng&view=d

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LeBron James Sets New NBA Record and the Miami Heat Win Their 1,000 Game! Featured at www.RadioRymatica.com. James Became The First Player in League History to Score 30 Points While Shooting 60 Percent in Six Consecutive Games, Surpassing Adrian Dantley and Moses Malone.

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Wednesday, February 13, 2013

Big Ten football: Ohio State's Smith favors Buckeyes, Wolverines in same division

By Bill Rabinowitz

The Columbus Dispatch Tuesday February 12, 2013 5:18 AM

Ohio State athletic director Gene Smith said yesterday that he is in favor, at least for now, of having the school in the same division as Michigan when the Big Ten reconfigures its alignment in 2014.

?I?m leaning toward that,? Smith said after returning from a Big Ten meeting in Chicago attended by the league?s athletic directors and football coaches. ?It seems to be the best option for us as we go to 14 teams, but I?m going to stay open(-minded) until we get all the information we?re looking for and make sure we do what?s best for the conference.?

Smith said he and Michigan athletic director Dave Brandon have had discussions about what?s best for the rivalry after Maryland and Rutgers join the conference next year. Smith said the Big Ten is leaning toward switching to divisions based primarily on geography. The Legends-Leaders setup was designed with competitive balance as the paramount issue.

Ohio State and Michigan presumably would be placed in the eastern division of the new configuration, along with Penn State, the new schools and two others. With Urban Meyer and Brady Hoke revitalizing the conference?s top two traditional powers, there?s a concern that if they were in separate divisions, Ohio State and Michigan would often face each other in their traditional season-ending game and the Big Ten championship in consecutive weeks.

?If we end up playing twice, how healthy is that?? Smith said.

Smith said the league is trying to decide whether to have a nine- or 10-game league season. The current eight-game setup is virtually sure to end.

The conference also is considering abandoning its ban on playing night games in November, Smith said. Last week, Meyer advocated having more late games because they are more appealing to recruits.

brabinowitz@dispatch.com

@brdispatch

Source: http://buckeyextra.dispatch.com/content/stories/2013/02/12/0212-big-ten-divisions.html

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Cheap yen a boon and a risk for Japan companies

As the yen weakens, famous Japanese exporters from Toyota to Nintendo are getting a boost but the favorable exchange rate also carries risks by insulating some companies from pressure to overhaul their businesses.

Against the dollar, the yen is near a three-year low and looks set to weaken further as the Bank of Japan falls into line with the new Prime Minister Shinzo Abe's push to break Japan's domestic economy out of its deflationary slump with very loose monetary policy _ creating more money. One U.S. dollar is now buying more than 94 yen compared with 77-80 yen for much of 2012.

It's a big shift from several years of punishing yen strength that added to the problems of Japanese companies, particularly those in consumer electronics who fell behind more innovative or nimble competitors such as Apple Inc. and Samsung Electronics Co.

Some manufacturers worked to minimize their vulnerability by moving production abroad and doing more business in dollars. That means the perk of "yen-yasu" or cheap yen is diluted for the companies that were most diligent at reshaping their business. Others that did not change or could not are set to get big rewards from the weak yen policies dubbed "Abenomics."

Yet analysts warn yen-yasu can make companies complacent and slow to change, which ultimately has its reckoning later on when the yen changes direction.

Some companies that benefited from a weak yen in the past made unwise investments, such as over-expanding with plants in Japan, or otherwise squandered the leeway of time they had gained through the weak yen to turn around their business, said Azusa Kato, economist at BNP Paribas in Tokyo.

"Abenomics sounds like a good story, but there is always a `but' that follows," she said.

Sony Corp., which has floundered for several years as its mainstay TV business was battered by competition and falling prices, says it has striven to become "dollar neutral" _ business speak for making its profits less dependent on the fluctuating exchange rate between the dollar and the yen.

It says it has done that by shifting more production overseas and denominating more of its expenses in dollars. But Makoto Morita, a strategist at Daiwa Securities Co., said other companies may opt to maintain production in Japan because they want to keep prized core technology in-house.

"The answer isn't all that simple," said Morita. "It depends, case by case, on the strategy of the company."

Sony President Kazuo Hirai is playing down the importance of the yen's recent decline.

"It's very short-term at this point. It's a bit too early to try to draw any conclusion," he told reporters last month. "It might stabilize, or it may actually go back to what it was before."

Even so, the maker of Bravia TVS and PlayStation 3 game machines anticipates a 50 billion yen ($540 million) increase in sales for every one yen drop against the dollar. It says that won't boost profit because of its dollar neutral work but yen declines against the euro and other currencies would.

Sony is forecasting a return to profit after four years of losses for the fiscal year ending March. The turnaround is partly due to job cuts and other restructuring. Last week, it said October-December quarter sales inched up nearly 7 percent to 1.95 trillion yen ($21 billion) despite declining sales of gadgets such as flat-panel TVs and Blu-ray video recorders _ but only because of the weak yen.

Other struggling electronics companies are also getting a boost but for some the cheap yen is more of a reprieve than an enduring solution. Panasonic Corp. reported last week it gained 3 billion yen ($33 million) in additional operating profit from the weakening yen in the latest quarter even as it stuck to its projection for a 765 billion yen ($9.6 billion) annual loss.

Sharp Corp., which forecasts a record 450 billion yen ($5 billion) loss for its business year through March, has struggled to cut costs and reshape its business, partly because it has invested in expensive plants in Japan that make panels for which prices have fallen sharply overseas. The plants embody Sharp's prized technology, but they also make the company hostage to the yen's swings.

Nintendo Co. raised its profit forecast for the year through March 2013 to 14 billion yen ($154 million) from 6 billion yen ($66 million), largely because of the weak yen. That's despite having to lower the number of Wii U consoles it expects to sell by 1.5 million units to 4 million.

Its currency gains for the nine months to December totaled 22 billion yen ($242 million), according to the maker of Pokemon and Super Mario games. But the weaker yen can't solve the fundamental challenge that Nintendo's business is facing: casual gamers shifting from specialized game machines to tablets and smartphones.

The declining yen is also playing out in the auto sector.

Toyota Motor Corp., the world's top automaker, gets a whopping 35 billion yen ($380 million) added to its annual operating profit for each yen the dollar gains.

Among the Japanese automakers Toyota is viewed as more "sensitive," or exposed, to the gyrations of the foreign exchange rate, partly because Toyota, as a Japan Inc. leader, has repeatedly promised to help save jobs by keeping production of 3 million vehicles a year in Japan.

Toyota's Lexus luxury models, many of them sophisticated hybrid models, are among the vehicles routinely exported from Japan.

Toyota raised its fiscal year profit forecast this week to 860 billion yen ($9.3 billion), triple what it eked out the previous year. Its comeback is based on a solid sales recovery in the key U.S. market as well as new markets in Asia. But when Toyota reports full year results later this year, the numbers are likely to highlight huge gains from the weak yen. Its forecasts had assumed the dollar at 81 yen compared with its current level above 94 yen.

Still, Toyota isn't celebrating.

Toyota insists it's instead trying to produce vehicles where they're sold, and boost the purchase of locally produced auto parts to better adapt to a fluctuating currency.

"It can get good, and then it can get bad," company spokesman Ryo Sakai said. "Our basic policy is to produce vehicles where the demand is."

__

Follow Yuri Kageyama on Twitter at www.twitter.com/yurikageyama

Source: http://www.stltoday.com/business/national-and-international/cheap-yen-a-boon-and-a-risk-for-japan-companies/article_39160f13-67d3-5a31-81d0-704562b357ab.html

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