Tuesday, January 31, 2012

Experts say Gingrich moon base dreams not lunacy (AP)

WASHINGTON ? Republican presidential candidate Newt Gingrich wants to create a lunar colony that he says could become a U.S. state. There's his grand research plan to figure out what makes the human brain tick. And he's warned about electromagnetic pulse attacks leaving America without electricity.

To some people, these ideas sound like science fiction. But mostly they are not.

Several science policy experts say the former House speaker's ideas are based in mainstream science. But somehow, Gingrich manages to make them sound way out there, taking them first a small step and then a giant leap further than where other politicians have gone.

Gingrich's promise that "by the end of my second term we will have the first permanent base on the moon" got amped up in a recent debate in Florida, which lost thousands of jobs with the end of the space shuttle program. By then, the lunar base had become a colony and even a potential state, and his moon ideas were ridiculed by rival Mitt Romney.

Returning to the moon and building an outpost there is not new. Until three years ago, it was U.S. policy and billions of dollars were spent on that idea.

Staying on the moon dates at least to 1969, when a government committee recommended that NASA first build a winged, reusable space shuttle followed by a space station and then a moon outpost. In 1989, President George H.W. Bush proposed going to the moon and staying there.

Sixteen years later, in 2005, his son, President George W. Bush, proposed a similar lunar outpost, phased out the space shuttle program and spent more than $9 billion designing a return to the moon program.

George Washington University space policy director Scott Pace, who was NASA's associate administrator in the second Bush administration and is a Romney supporter, said the 2020 lunar base date Gingrich mentioned was feasible when it was proposed in 2005.

But it is no longer, felled by funding cuts and President Barack Obama's decision to cancel the program. Pace said it would be hard to figure out when NASA could get back to the moon, but that such a return is doable.

What kept killing return-to-the moon plans were the costs, starting in 1969. The proposal died 20 years later when the price tag was released: more than $700 billion in current dollars. The second President Bush's plans started running into problems due to insufficient funding. After a special commission said those plans were not sustainable, Obama cancelled the return-to-the-moon program. Instead, he ordered NASA to aim astronauts toward an asteroid and eventually Mars, something many space experts say is even more ambitious.

"Some of you may like it and you may dislike it, but I gave the boldest explanation of going into space since John F. Kennedy in 1961," Gingrich said this week in Florida. "I believe in an America of big ideas and big solutions. I believe if we unleash the American people we will rebuild the American dream."

In Florida, nearly all the Republican presidential candidates promoted private companies sending astronauts into space. Several companies are building private spaceships. Commercial space companies taking over the job of getting Americans into low Earth orbit is a cornerstone of the Obama space plan. But, again, money has been an issue.

For example, NASA received $406 million in its current budget for private space programs. Obama had asked Congress for $805 million.

Neal Lane, former head of the National Science Foundation and White House science adviser during the Clinton administration, said Gingrich's proposals aren't crazy, although he may disagree with some of them. Gingrich's ideas and actions are "very pro-science," said Lane, who credited Gingrich with protecting federal science research from budget cuts in the 1990s.

"He's on the edge of mainstream thinking about big science. Except for the idea of establishing a colony on the moon, it's not over the edge," added Syracuse University science policy professor Henry Lambright.

In Iowa, Gingrich pushed a "brain science" initiative that advocates spending more private and federal money to map the human brain to help fight and cure Alzheimer's disease. He said the idea was based on the experience of watching his late mother's transformation from a happy person with friends to living in a long-term care facility suffering from bipolar disease, depression and physical ailments.

Gingrich said his "whole emphasis on brain science" is based on his mother's depression and mental illnesses. Discussing the issue in Iowa, he wiped away a tear, saying: "It's not a theory. It's in fact, my mother."

The idea of mapping the brain to figure out how it works is a traditional scientific approach to a difficult problem. Scientists have tried to conquer disease by mapping the human genome and figuring out the basic biology of cancer, said Arizona State University science policy professor Dan Sarewitz. The trouble is that, in the past, it hasn't paid off as promised, he said.

Gingrich also has raised eyebrows with his dire warnings about the threat of electromagnetic pulses. The fear being that a nuclear bomb detonated hundreds of miles above America could knock out the country's electricity for a long time. In 2009, Gingrich said it "may be the greatest threat we face ... We would in fact lose our civilization in a matter of seconds."

Paul Fischbeck, a professor of engineering and risk at Carnegie Mellon University, said the threat has existed for about a half a century and is real. But "it's getting more likely and more dangerous" as America becomes more electronic-dependent and other countries advance in technology, he said.

Still, it's space where Gingrich dreams biggest and raises the most eyebrows.

Much of the criticism of his space plans, especially in the media, have been unfair, said Alan Stern, NASA's space sciences chief during George W. Bush's administration. He said Gingrich is just thinking big, like a pioneer.

"That's how `Star Trek' begins," said Stern, vice president of the Southwest Research Institute and director of the Florida Space Institute. "But when a government guy or politician talks that way, they just get clobbered about being unrealistic and that's unfortunate."

___

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

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120131/ap_on_sc/us_space_newt

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Attorney: Texas redistricting talks have stalled

(AP) ? Negotiations between minority groups and Texas officials in a lengthy clash over new political districts appeared stalled Monday as both sides prepared to argue in Washington over whether the Republican-drawn maps violate the federal Voting Rights Act.

An attorney for the League of United Latin American Citizens, one of nine groups suing to block the maps, said negotiations to create temporary maps so Texas could salvage an April 3 primary date hit an impasse over the weekend. Both sides have another week to work out a deal, but Luis Vera, LULAC's general counsel, said he was not optimistic.

"It just doesn't seem feasible," he said.

A federal court in San Antonio last week gave the sides until Feb. 6 to draw up the temporary maps that would remain in place through November's election. If they don't, Texas' primaries will be pushed back for a second time. They were originally scheduled for March.

Lauren Bean, a spokeswoman for the Texas attorney general's office, said her office was not commenting on the negotiations.

Vera said a major obstacle is that the state isn't involving all parties in the negotiations. Gary Bledsoe, president of the Texas NAACP that is among the nine plaintiffs, said the state was mainly negotiating with the Mexican American Legal Defense and Education Fund and the Mexican American Legislative Caucus.

Bledsoe said unanimous agreement among the nine isn't required for the court to accept a deal. He believes that while there is a "reasonable chance" the state could work out a deal with two or three of the groups, odds are longer of getting total consensus.

Vera has been among the most vocal proponents of simply waiting for a Washington federal court to rule on the separate issue of whether the original maps violate the Voting Rights Act.

States typically redraw their political boundaries every 10 years based on population figures from the census. Texas is one of nine, mostly Southern states that require "preclearance" from the U.S. Justice Department when changes to electoral maps are made.

At issue is how the Texas maps treat minorities. Republican leaders say the maps merely benefit their party's candidates, but minority groups claim they discriminate by diluting minority voting power. One major issue has been whether the maps fairly account for the surge in Hispanic population in Texas over the last decade.

Closing arguments in the Washington trial are set for Tuesday. Many of the principal negotiators involved in the interim map talks traveled to Washington on Monday to prepare for that case.

The three-judge panel in Washington has given no indication on when it might rule.

The San Antonio court had previously drawn interim maps while the Washington trial took place. The U.S. Supreme Court threw them out earlier this month, saying the San Antonio court did not show enough deference to the map crafted by Texas lawmakers and adjusted parts of the map where there was no Voting Rights Act argument.

Before the San Antonio court last week gave both sides an additional 10 days to hash out a compromise or forfeit an April 3 primary date, Texas Republican Party chairman Steve Munisteri said conservative minorities would be disenfranchised if the primary is delayed again.

The later Texas' primaries are held, the less influence the state is likely to have on who emerges as the Republican presidential nominee.

"If we're talking about minority rights, what about Hispanic Republicans?" Munisteri told the court during Friday's hearing.

If the April 3 date is postponed, Democrat and Republican party leaders say an April 17 primary would be possible if temporary maps are in place by mid-Februrary.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2012-01-30-Texas%20Redistricting/id-125bf31f9426406987268f7102107d49

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Monday, January 30, 2012

Sudan frees South Sudan's oil tankers; row continues (Reuters)

KHARTOUM/JUBA (Reuters) ? Sudan has released four tankers loaded with South Sudanese oil in an effort to defuse a row over export transit fees, but southern officials said the move was not enough to reverse their decision to shut off crude supplies.

South Sudan seceded in July under a 2005 peace agreement that ended decades of civil war with Khartoum but the two sides have yet to resolve a long list of disputes. Disentangling the oil industries both depend upon is at the top of the agenda.

The landlocked new nation took control of about three quarters of the unified country's roughly 500,000 barrels a day in oil output, but it needs to export its crude through northern pipelines to the Red Sea port of Port Sudan.

Both sides have been unable to agree on a transit fee, prompting Khartoum to seize part of Juba's exports arriving at the port. In response, South Sudan shut down its oil production last week.

The ships that have been released were already loaded and Sudan had held them from sailing. Separately, Sudan has sold off at least one tanker of crude seized from the South and has offered two other cargoes.

In addition to the three, at least seven tankers are still waiting at the port to lift December and January cargoes, racking up demurrage costs of $20,000-$22,000 per day, traders and shipbrokers said.

Sudan's Oil Minister Awad al-Jaz said Khartoum had released the vessels held at Port Sudan in an effort to ease the tensions and pave the way for a deal, but that South Sudan had showed no sign of reversing its decision to shut off its output.

"We don't have any positive response from the other side," he told reporters at an oil industry conference in the Sudanese capital. "We're still open to cooperation but the other side has refused."

Jaz's southern counterpart Stephen Dhieu Dau confirmed four ships carrying 3.5 million barrels of crude for buyers Vitol and Sinopec had been released, but said ships were still waiting to load another 5.4 million barrels of southern crude.

"The ships are waiting," Dau said. "If they want to negotiate in good faith with us they should allow us to come and lift it."

Trading giant Vitol chartered two of the released tankers, an industry source familiar with the matter told Reuters, adding the two ships were carrying 1.6 million barrels of oil in total.

South Sudan government spokesman Barnaba Marial Benjamin said four more ships were still waiting to load at Port Sudan.

He also said the country was pushing ahead with plans to build two or three refineries and had signed a memorandum of understanding with a U.S. company as part of that.

"We have already signed with a major American company and they will start building as soon as possible and complete in four months," Benjamin told Reuters.

"It will start with 6,000 barrels and ramp up to a maximum of around 110,000 barrels per day by the end of the year."

LONG LIST OF DISPUTES

Analysts expect no quick breakthrough in the oil talks because the two countries' positions have remained far apart.

Khartoum is demanding $1 billion in rear payments and has said it wants $36 a barrel as a transit fee -- a demand that exceeds international norms by more than 10 times, according to some industry analysts.

Sudan also wants assistance with some of its $38 billion in external debt as it struggles to overcome a severe economic crisis exacerbated by the loss of oil revenues. Oil used to make up 90 percent of Sudan's exports.

Sudan's oil minister Jaz blamed Juba for obstructing progress toward a deal, saying South Sudanese officials had refused to sign an African Union-brokered agreement that would have opened the way to defusing the row over the weekend.

"Sudan agreed to sign that. Unfortunately the other side refused to sign," he said.

Senior officials from both countries have also said they want to tie the oil issue into a deal that addresses violence on both sides of the poorly-marked border and finds a solution for the disputed border region of Abyei.

Abyei, rich in fertile grazing land, is a source of tension between north and south. Khartoum seized Abyei in May after an attack on a convoy of northern troops and U.N. peacekeepers that the world body blamed on southern forces.

South Sudanese officials have since said they would offer Khartoum oil at discounted prices and financial help if it gave up its claim to Abyei.

Oil provides about 98 percent of South Sudan's income and is vital to the impoverished country as it tries to develop infrastructure and institutions devastated by a war that killed an estimated 2 million people.

China is the biggest buyer of oil from Sudan and South Sudan -- it got about 5 percent of its oil from the two last year -- and the biggest investor in South Sudan's oilfields.

(Reporting by Amena Bakr in Dubai, Hereward Holland in Juba and Alexander Dziadosz in Khartoum; Writing by Ulf Laessing; Editing by Manash Goswami and Angus MacSwan)

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/nm/20120130/wl_nm/us_sudan_oil

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Iran upbeat on nuclear visit, delays EU bill (Reuters)

TEHRAN (Reuters) ? Iran Sunday declared itself optimistic about a U.N. experts' visit aimed at probing suspected military aspects of its nuclear work and lawmakers postponed debate on a proposed halt to oil flows to the European Union watched closely in energy markets.

A team of International Atomic Energy Agency (IAEA) inspectors began a three-day visit to try to advance efforts to resolve a row about nuclear work which Iran says is for making electricity but the West suspects is aimed at seeking a nuclear weapon.

Tensions with the West rose this month when Washington and the European Union imposed the toughest sanctions yet in a drive to force Tehran to provide more information on its nuclear program. The measures take direct aim at the ability of OPEC's second biggest oil exporter to sell its crude.

The Mehr news agency quoted Foreign Minister Ali Akbar Salehi as saying during a trip to Ethiopia: "We are very optimistic about the outcome of the IAEA delegation's visit to Iran ... Their questions will be answered during this visit,"

"We have nothing to hide and Iran has no clandestine (nuclear) activities."

Striking a sterner tone, Iran's parliament speaker, Ali Larijani, warned the IAEA team to carry out a "logical, professional and technical" job or suffer the consequences.

"This visit is a test for the IAEA. The route for further cooperation will be open if the team carries out its duties professionally," said Larijani, state media reported.

"Otherwise, if the IAEA turns into a tool (for major powers to pressure Iran), then Iran will have no choice but to consider a new framework in its ties with the agency."

Iran's parliament in the past has approved bills to oblige the government to review its level of cooperation with the IAEA. However, Iran's top officials have always underlined the importance of preserving ties with the watchdog body.

Before departing from Vienna, IAEA Deputy Director General Herman Nackaerts said he hoped the Islamic state would tackle the watchdog's concerns "regarding the possible military dimensions of Iran's nuclear program."

PARLIAMENT DEBATE

Less than one week after the EU's 27 member states agreed to stop importing crude from Iran from July 1, Iranian lawmakers were due to debate a bill later Sunday that would cut off oil supplies to the European Union (EU) in a matter of days.

Iranian lawmakers postponed discussing the bill.

"No such draft bill has yet been drawn up and nothing has been submitted to the parliament. What exists is a notion by the deputies which is being seriously pursued to bring it to a conclusive end," Emad Hosseini, spokesman for parliament's Energy Committee, told Mehr.

"Some MPs had an idea that should be studied by the energy committee before being drafted as a bill. We hope our discussions will be finished by Friday."

REFINERS

By turning the sanctions back on the EU, lawmakers hope to deny the bloc a six-month window it had planned to give those of its members most dependent on Iranian oil - including some of the most economically fragile in southern Europe - to adapt.

The head of the state-run National Iranian Oil Company (NIOC) said late Saturday that the export embargo would hit European refiners, such as Italy's Eni, that are owed oil from Iran as part of long-standing buy-back contracts under which they take payment for past oilfield projects in crude.

"The decision must be made at high echelons of power and we at the NIOC will act as the executioner of the policies of the government," Ahmad Qalebani told the ISNA news agency.

"The European companies will have to abide by the provisions of the buyback contracts," he said. "If they act otherwise, they will be the parties to incur the relevant losses and will subject the repatriation of their capital to problems."

"Generally, the parties to incur damage from the EU's recent decision will be European companies with pending contracts with Iran."

Italy's Eni is owed $1.4-1.5 billion in oil for contracts it executed in Iran in 2000 and 2001 and has been assured by EU policymakers its buyback contracts will not be part of the European embargo, but the prospect of Iran acting first may put that into doubt.

Eni declined to comment Saturday.

The EU accounted for 25 percent of Iranian crude oil sales in the third quarter of 2011. However, analysts say the global oil market will not be overly disrupted if parliament votes for the bill that would turn off the oil tap for Europe.

"The Saudis have made it clear that they'll step in to fill the void," said Robert Smith, a consultant at Facts Global Energy. "It would not pose any serious threat to oil market stability. Meanwhile Asians, predominantly the Chinese and Indians, stand to benefit from more Iranian crude flowing east and at potential discounts."

Potentially more disruptive to the world oil market and global security is the risk of Iran's standoff with the West escalating into military conflict.

Iran has repeatedly said it could close the vital Strait of Hormuz shipping lane if sanctions succeed in preventing it from exporting crude, a move Washington said it would not tolerate.

"CONSTRUCTIVE SPIRIT"

The IAEA's visit may be an opportunity to defuse some of the tension. Director General Yukiya Amano has called on Iran to show a "constructive spirit" and Tehran has said it is willing to discuss "any issues" of interest to the U.N. agency, including the military-linked concerns.

But Western diplomats, who have often accused Iran of using such offers of dialogue as a stalling tactic while it presses ahead with its nuclear program, say they doubt Tehran will show the kind of concrete cooperation the IAEA wants.

They say Iran may offer limited concessions and transparency to try to ease intensifying international pressure, but that this is unlikely to amount to the full cooperation required.

The outcome could determine whether Iran will face further isolation or whether there are prospects for resuming wider talks between Tehran and the major powers on the nuclear row.

Salehi said Iran "soon" would write a letter to the E.U.'s foreign policy chief Catherine Ashton to discuss "a date and venue" for fresh nuclear talks.

"Iran's top nuclear negotiator Saeed Jalili in this letter, which may be sent in the coming days, also may mention other issues as well," Salehi said, without elaborating.

The last round of talks in January 2011 between Jalili and Ashton, who represents major powers, failed over Iran's refusal to halt its sensitive nuclear work.

"The talks will be successful as the other party seems interested in finding a way out of this deadlock," Salehi said.

(Additional reporting by Hashem Kalantari, Robin Pomeroy and Hossein Jaseb in Tehran, Svetlana Kovalyova in Milan and Fredrik Dahl in Vienna; Writing by Parisa Hafezi and Robin Pomeroy; Editing by William Maclean)

Source: http://us.rd.yahoo.com/dailynews/rss/iran/*http%3A//news.yahoo.com/s/nm/20120129/wl_nm/us_iran

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Sunday, January 29, 2012

Chevron's 4Q profit drop highlights hurdles ahead (AP)

NEW YORK ? Satisfying the world's growing energy appetite isn't easy.

Chevron Corp., which has spent more than $20 billion a year since 2007 scouring the globe for new resources, said Friday that it is struggling to produce more oil and natural gas. Production levels last year were the lowest since 2008.

The company still expects to supply more oil in the future, but its troubles last year highlight the many hurdles the industry faces as industrial and developing nations crave more oil to grow their economies.

The U.S. predicts that oil producers will fall behind as global demand ratchets up. The Energy Information Administration estimated that the world used 88.1 million barrels of oil per day in 2011 while producing only 87.6 million barrels per day. It sees the trend continuing this year and next. Oil and gasoline prices are expected to rise as countries dip into stockpiles to cover shortfalls.

In the U.S., drivers will probably pay more for gas this year. Experts think pump prices could hit $4 by spring and stay close to that for the rest of the year.

"Can we meet demand? Maybe. But doing so is going to be more challenging and expensive," Argus Research analyst Phil Weiss said.

Part of the drop in Chevron's 2011 production can be explained by contracts with foreign governments that limit the amount of crude that Chevron can keep as prices rise. Chevron also is dealing with a rash of troubles at its fields and facilities around the world.

There were pipeline problems this year in Thailand, tropical storms in the Gulf of Mexico and equipment issues in the United Kingdom.

An offshore oil leak put Chevron at odds with the Brazilian government. Regulators there forced Chevron to shut down one of its offshore wells in December, and prosecutors are seeking $10.6 billion in damages. Chevron has voluntarily suspended plans to further explore the country's oil-rich offshore region.

The company also is in an ongoing battle with Ecuador over environmental damages from oil production operations by Texaco that took place in the country more than two decades ago. Chevron bought Texaco in 2001.

In the fourth quarter, Chevron Corp.'s profits slipped by 3.2 percent to $5.12 billion, or $2.58 per share. The results fell short of Wall Street forecasts of $2.86 per share, and shares dropped $2.63, or 2.5 percent, to close at $103.96.

Profits from Chevron's exploration and production business increased, despite weaker production, because the company sold oil at higher prices. International natural gas prices also rose in the quarter.

Despite the 2011 slowdown, Chevron's future production still looks "on track to meet our goals," Chairman and CEO John Watson said. The company expects to pump 3.3 million barrels per day by 2017, a 23.5 percent increase from 2011 levels.

Chevron's refining business struggled, as falling prices for retail gasoline and other fuels made it harder to pass along higher oil costs to customers. Chevron's U.S. refining operations lost $204 million from October to December. International refining profits fell by 46.4 percent.

For the full year Chevron earned $26.9 billion, or $13.44 per share, compared with $19 billion, or $9.48 per share in 2010. Annual revenue increased 23.3 percent to $253.7 billion.

Earlier in the week, ConocoPhillips reported a 66 percent increase in quarterly earnings, though much of that came from the sale of a pipeline and other assets. ConocoPhillips said its production fell 8 percent last year while it aggressively shed assets. Occidental Petroleum Corp. said it increased oil production about 4 percent last year while boosting profits 35 percent in the final three months of the year.

Exxon Mobil Corp. and Royal Dutch Shell are expected to announce their fourth-quarter results next week.

___

Follow Chris Kahn on Twitter at http://twitter.com/ChrisKahnAP

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20120127/ap_on_bi_ge/us_earns_chevron

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Saturday, January 28, 2012

St. Louis hosting 1st big parade on Iraq War's end (AP)

ST. LOUIS ? Looking around at the tens of thousands of people waving American flags and cheering, Army Maj. Rich Radford was moved that so many braved a cold January wind Saturday in St. Louis to honor people like him: Iraq War veterans.

The parade, borne out of a simple conversation between two St. Louis friends a month ago, was the nation's first big welcome-home for veterans of the war since the last troops were withdrawn from Iraq in December.

"It's not necessarily overdue, it's just the right thing," said Radford, a 23-year Army veteran who walked in the parade alongside his 8-year-old daughter, Aimee, and 12-year-old son, Warren.

Radford was among about 600 hundred veterans, many dressed in camouflage, who walked along downtown streets lined with rows of people clapping and holding signs with messages including "Welcome Home" and "Thanks to our Service Men and Women." Some of the war-tested troops wiped away tears as they acknowledged the support from a crowd that organizers estimated reached 100,000 people.

Fire trucks with aerial ladders hoisted huge American flags in three different places along the route, with politicians, marching bands ? even the Budweiser Clydesdales ? joining in. But the large crowd was clearly there to salute men and women in the military, and people cheered wildly as groups of veterans walked by.

That was the hope of organizers Craig Schneider and Tom Appelbaum. Neither man has served in the military but came up with the idea after noticing there had been little fanfare for returning Iraq War veterans aside from gatherings at airports and military bases. No ticker-tape parades or large public celebrations.

Appelbaum, an attorney, and Schneider, a school district technical coordinator, decided something needed to be done. So they sought donations, launched a Facebook page, met with the mayor and mapped a route. The grassroots effort resulted in a huge turnout despite raising only about $35,000 and limited marketing.

That marketing included using a photo of Radford being welcomed home from his second tour in Iraq by his then-6-year-old daughter. The girl had reached up, grabbed his hand and said, "I missed you, daddy." Radford's sister caught the moment with her cellphone camera, and the image graced T-shirts and posters for the parade.

Veterans came from around the country, and more than 100 entries ? including marching bands, motorcycle groups and military units ? signed up ahead of the event, Appelbaum said.

Schneider said he was amazed how everyone, from city officials to military organizations to the media, embraced the parade.

"It was an idea that nobody said no to," he said. "America was ready for this."

All that effort by her hometown was especially touching for Gayla Gibson, a 38-year-old Air Force master sergeant who said she spent four months in Iraq ? seeing "amputations, broken bones, severe burns from IEDs" ? as a medical technician in 2003.

"I think it's great when people come out to support those who gave their lives and put their lives on the line for this country," Gibson said.

With 91,000 troops still fighting in Afghanistan, many Iraq veterans could be redeployed ? suggesting to some that it's premature to celebrate their homecoming. In New York, for example, Mayor Michael Bloomberg recently said there would be no city parade for Iraq War veterans in the foreseeable future because of objections voiced by military officials.

But in St. Louis, there was clearly a mood to thank the troops with something big, even among those opposed to the war.

"Most of us were not in favor of the war in Iraq, but the soldiers who fought did the right thing and we support them," said 72-year-old Susan Cunningham, who attended the parade with the Missouri Progressive Action Group. "I'm glad the war is over and I'm glad they're home."

Don Lange, 60, of nearby Sullivan, held his granddaughter along the parade route. His daughter was a military interrogator in Iraq.

"This is something everyplace should do," Lange said as he watched the parade.

Several veterans of the Vietnam War turned out to show support for the younger troops. Among them was Don Jackson, 63, of Edwardsville, Ill., who said he was thrilled to see the parade honoring Iraq War veterans like his son, Kevin, who joined him at the parade. The 33-year-old Air Force staff sergeant said he'd lost track of how many times he had been deployed to Iraq and Afghanistan as a flying mechanic.

"I hope this snowballs," he said of the parade. "I hope it goes all across the country. I only wish my friends who I served with were here to see this."

Looking at all the people around him in camouflage, 29-year-old veteran Matt Wood said he felt honored. He served a year in Iraq with the Illinois National Guard.

"It's extremely humbling, it's amazing, to be part of something like this with all of these people who served their country with such honor," he said.

Source: http://us.rd.yahoo.com/dailynews/rss/iraq/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_re_us/us_iraq_war_parade

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LSE CFO: Number of planned London IPOs still high

By Vladimir Guevarra

LONDON (MarketWatch) -- The number of companies planning initial public offerings in London is still high, though some firms are deterred from floating their companies due to uncertain economic conditions, London Stock Exchange Chief Financial Officer Doug Webb said Friday.

"The primary markets IPO area would benefit from more stable macroeconomic conditions than what we're seeing at the moment...What's interesting for me, though, is that both the number and quality of companies out there looking to come to the market remain at very high levels. So, the attractiveness of London as a listing and capital-raising venue remains as strong as ever," he told Dow Jones Newswires.

"But clearly it's more difficult in these conditions for companies to get that stable period to actually carry out the listing. Having said that, the market isn't closed. We see companies coming onto the market every month."

Webb also said the LSE is still on the lookout for potential future acquisitions while keeping its strategy for organic growth.

The LSE is still in talks to buy a stake in clearing house LCH.Clearnet.

Source: http://feeds.marketwatch.com/~r/marketwatch/financial/~3/UwQ2RWzZbrY/story.aspx

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Video: Legislation Halts During Election Year

It's a very unsettling time because nothing seems to get done in Washington during an election year, according to Mark Olson, Treliant Risk Advisors co-chairman/former Fed governor.

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Source: http://video.msnbc.msn.com/cnbc/46162581/

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Friday, January 27, 2012

Nintendo sees profit next year, but shares tumble (Reuters)

TOKYO (Reuters) ? Nintendo President Satoru Iwata dismissed the idea that the age of the dedicated handheld games device was over and said he aimed to return the company to substantial profit in 2012/13, after it warned of its first ever operating loss this year.

Shares in Kyoto-based Nintendo Co Ltd tumbled nearly 8 percent to an 8-year low after it slashed its full-year guidance for the third time in 6 months, and analysts said the potential market for its products was shrinking rapidly.

The creator of the Super Mario franchise reported a sharp drop in quarterly earnings, as its sales of its games devices that have dominated the industry for years were hit by competing gadgets such as Apple Inc's iPhone.

Iwata said he blamed the dismal results on a mixture of strategic errors and the difficult business environment created by the strong yen and European consumer gloom.

"Nintendo is facing its worst results since it entered the games business. What matters now is how Nintendo can make a profit from next year onwards, even under these harsh conditions," he told an analysts' meeting.

The maker of the Wii home console and DS handheld games is struggling to compete as sales of more versatile smartphones and tablets boom, and poor sales forced it to slash the price of its much anticipated 3DS handheld game device in August.

"The profitability of 3DS hardware was the biggest issue for earnings this financial year, but it looks like we'll be able to resolve the problem we've been having with losses on the 3DS during the first half of the next financial year," Iwata said.

"We should be able to generate a large profit by getting rid of losses on the 3DS hardware, if we can substantially lift sales of software."

A Nintendo spokesman said the company expected to stop losing money on each 3DS sold, thanks to economies of scale and changes to the internal design of the device.

But Nintendo shares closed down 4.1 percent at 10,310 yen, after falling to 9,910 yen shortly after the market opened, their lowest since February 2004. It has lost nearly 60 percent of its value since the start of last year.

"The company's core handheld business is under assault from smartphones, iPods and tablets, and we see competition for consumer wallet share continuing," said analyst Michael Pachter of U.S.-based Wedbush Securities in a research note.

"The fact is that a significant share of Nintendo's market is gone forever, and we don't expect the company to come up with a practical strategy to stem the declines in sales we have forecast," he added. "We do not expect the company's fortunes to turn in FY 13."

NEW HOME CONSOLE BY CHRISTMAS

Nintendo said on Thursday its third-quarter operating profit fell 61 percent to 40.9 billion yen ($529 million) and it forecast an operating loss of 45 billion yen for the financial year to March 31, far worse than analysts' average forecast of a 4.2 billion yen loss.

Sales of its 3DS slumped shortly after launch in February, forcing the company to slash prices just six months later and take a loss on each device, something it had prided itself on avoiding in the past.

Even so, Nintendo cut its full-year 3DS sales forecast to 14 million from 16 million, while sales of its ageing Wii and the previous generation DS have fallen faster than expected.

It also faces stiff competition in the home console market from Sony Corp's Move and Microsoft Corp's Kinect, and some analysts say the console market may dry up over the next several years as cloud gaming takes off.

Nintendo will launch its Wii U console, a successor to the phenomenally successful Wii, in Japan, the United States, Australia and Europe at the year-end, after showing a final version at the E3 games show in June.

But Masayuki Otani, chief market analyst at Securities Japan, said the market was unlikely to have high hopes for the Wii U, although the slide in the share price may be reaching an end.

"The pace of the share price decline is easing and it may be near a floor, but it would be hard to predict a rapid recovery," he said.

Iwata said a leap in 3DS sales after the launch of a raft of software late last year showed that dedicated handheld games gadgets still had a future.

"I believe we have disproved the extreme theory that there is no longer a demand for handheld devices," he said.

($1 = 77.34)

(Additional reporting by Dominic Lau, James Topham, Reiji Murai, Daiki Iga; Editing by Edwina Gibbs, Michael Watson and Alex Richardson)

Source: http://us.rd.yahoo.com/dailynews/rss/personaltech/*http%3A//news.yahoo.com/s/nm/20120127/bs_nm/us_nintendo

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Qmadix Bezel Slide-On Cover for iPhone 4S, AT&T iPhone 4, Verizon iPhone 4

The Qmadix Bezel Slide-On Cover for iPhone 4S, AT&T iPhone 4, or Verizon iPhone 4 combines revolutionary design with true innovation in a slim profile aluminum case.

This forward thinking protective solution utilizes a brilliant slide-locking mechanism that ensures a seamless fit.? The Bezel Slide-On Cover exceptional ergonomics and is tooled from aircraft grade aluminum for a flawless fit and finish.

Features:

  • Precise, custom fit for iPhone 4S, AT&T iPhone 4, or Verizon iPhone 4
  • Complete access to buttons, controls, and ports
  • Protects against scratches and bumps
  • Easy to install and remove
  • Aircraft grade aluminum case

Please Note: Product images, including color, may differ from actual product appearance.

Works with: iPhone 4S, AT&T iPhone 4, Verizon iPhone 4

Source: http://store.mobileburn.com/content/accessories/4-123--9729.htm

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Thursday, January 26, 2012

Exclusive: More public money likely for Greek bailout: EU's Rehn (Reuters)

DAVOS, Switzerland (Reuters) ? The European Union's top economic official said on Thursday that more public money will be needed to make up a shortfall in a second bailout for Greece if private bondholders agree to take a share of losses.

Economic and Monetary Affairs Commissioner Olli Rehn told Reuters that euro zone governments and EU institutions would need to make up the difference so that Greece's public debt can be reduced to close to 120 percent of annual output by 2020.

Rehn said he expected Athens to reach agreement with private sector investors in the coming days on a debt swap under which they would take voluntary writedowns on Greek bonds.

"In fact, we're quite close to a deal between the Greek government and the private sector community. I would expect it will be concluded in the coming days, preferably still in January, not February," he told Reuters Insider television in an interview.

The EU and the International Monetary Fund would then update their analysis of Greece's debt sustainability to identify the shortfall to reach the agreed 2020 target in the light of Athens' worsening economic outlook and fiscal performance.

"We are preparing a package which will pave the way for a sustainable solution for Greece, and in that package, yes, on the basis of the revised debt sustainability analysis, there is likely to be some increased need of official sector funding, but not anything dramatic," Rehn said.

Asked whether the European Central Bank should take a share of the burden by renouncing profits on Greek bonds it had bought at a discount on the secondary market, he said he did not wish to speak on behalf of the ECB.

But the required burden-sharing would depend on decisions made by "the official sector and European institutions." The ECB is the only European institution which holds Greek debt.

It was the first time a top EU official had spelled out that more public money than the planned 130 billion euros would be required for a second Greek bailout package.

Germany, France and other euro zone states have so far described the 130 billion figure agreed in October as a red line that must not be crossed.

Rehn declined to say how big the funding shortfall would be. However, EU officials told ministers that a private sector offer which they rejected on Monday would have brought Athens' debt down to just below 130 percent of Gross Domestic Product.

The EU officials said private bondholders were likely to accept a lower interest rate on new Greek bonds to clinch a deal, despite their public statements to the contrary.

That could bring the projected 2020 debt down to about 125-127 percent, leaving roughly an additional 5 percent of GDP to be found by governments and/or the ECB.

That would amount to a funding shortfall of 12 to 15 billion euros -- roughly the amount of profit that the ECB would make if all the Greek bonds it bought at a discount were redeemed at face value, an EU source said.

ECB sources say the central bank is divided over whether it should be prepared to forego its profits on Greek bonds.

Rehn said the next task for the euro zone after sealing a Greek deal was to reinforce its financial firewalls.

German Chancellor Angela Merkel deflected calls to put more money into the currency bloc's rescue fund in a speech at Davos. But Rehn said he trusted all member states were ready to further reinforce financial firewalls once other elements, including a fiscal compact for stricter budget discipline, came together.

(Writing by Paul Taylor, editing by Kirstin Ridley)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20120126/ts_nm/us_davos_rehn_greece

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Mark Shuttleworth Unveils New Head-Up Display for Ubuntu 12.04

ubuntu-hud-01Every time I write about Ubuntu and its (not-so) new Unity interface, I see lots and lots of comments decrying it as useless, an abomination, the worst thing to ever happen to computers, etc. Personally, I'm not so flummoxed by it, but there's no denying that Unity has been a divisive addition to Canonical's flagship Linux distribution. The choice to move application menus up to the global bar at the top of the screen has been frustrating to many, and a lot of power users find Unity too mouse-intensive. Mark Shuttleworth, Ubuntu's Self-Appointed Benevolent Dictator For Life, yesterday unveiled the next step in the Unity evolution: the Head-Up Display. According to Shuttleworth, their testing revealed that "users spent a lot of time, relatively speaking, navigating the menus of their applications, either to learn about the capabilities of the app, or to take a specific action." The goal of the new Head-Up display is to -- eventually -- replace menus altogether. Instead of clicking through menus, users type the command they require in a search box.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/zskt7K1JnQY/

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Wednesday, January 25, 2012

Cloud FTP Adds Wi-Fi to Any Hard Drive

Cloud FTP is a small box containing two things: A USB port and a Wi-Fi radio. Hook up any hard drive or other USB storage device and it becomes a network-enabled wireless drive. What’s more, if you are away from a Wi-Fi network, the Cloud FTP will make one for you, so you can always [...]

Source: http://feedproxy.google.com/~r/GearFactor/~3/14jzGWe86ho/

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Tuesday, January 24, 2012

New Yahoo CEO says company needs to "do better" (Reuters)

(Reuters) ? Yahoo Inc Chief Executive Scott Thompson said reviving the company's flagging display advertising business was his "highest priority," even as he crafts a broader plan to bring the struggling Internet company back to fighting form.

"There's no question that we need to do better," said Thompson on his first quarterly earnings since taking the reins earlier this month, as Yahoo reported another decline in sales and profit on Tuesday.

Analysts prodded Thompson for clues about his plans for Yahoo Inc, which fired former CEO Carol Bartz in September and last week saw co-founder Jerry Yang resign unexpectedly, but all they received were boilerplate comments about how the company needs to "do better" and "get innovative products that matter into the market."

The lack of details didn't damage Wall Street's assessment of Thompson's debut, with many analysts appearing willing to give the former PayPal President some breathing room to settle in and figure out a strategy.

"He seemed to be speaking with a greater sense of urgency to act than his predecessors have," said Stifel Nicolaus analyst Jordan Rohan.

Thompson, along with Chief Financial Officer Tim Morse, gave few hints about the progress of Yahoo's strategic review as well, dashing hopes that his arrival might hasten a transaction.

Morse said talks with Yahoo's Asian partners -- Alibaba and Softbank -- about a restructuring were continuing but beyond that provided little concrete detail on where things stand.

Thompson, who was only hired as CEO two weeks ago, added that the company's board has narrowed down its options to the ones that appear "most promising."

Shares of the company slipped 9 cents to $15.60 in after-hours trade.

TO INVEST IN CORE BUSINESSES

A Boston native with a thick accent, Thompson said he would infuse the roughly 14,000-employee organization with speed.

"When it comes to making decisions, I make them quickly and then push to move fast, fast, fast," he said.

"We will get speed back into the equation and move aggressively. To me that's how we get to playing offense rather than defense."

He stressed that Yahoo would invest the majority of its resources into its core businesses, while remaining open to potential acquisitions and looking for "revenue streams that look different from what we're doing today."

He also addressed the age-old identity question that has frustrated many of the company's previous CEOs, noting that Yahoo is "fundamentally" both a media company and a technology company. "We better be darn good at both," he said.

One of the most pressing concerns is Yahoo's display advertising business, which is facing increasing competition from Google and Facebook, and which declined in the fourth quarter.

"Their core display (business) is becoming an issue. It takes the company from being a growth company to being a melting ice cube. So it's a big deal," said Brett Harris, an analyst at Gabelli & Company.

Yahoo's Morse said that macroeconomic factors, particularly in Europe, resulted in weaker than expected display advertising revenue in the fourth quarter and continued to be a concern.

"We still look out, especially upon Europe, with some caution," Morse told Reuters in an interview on Tuesday.

But he said Yahoo was seeing some positive trends in the new year, noting that some large advertisers that had limited their ad spending with Yahoo in 2011, had already committed to "meaningful upfronts" in 2012.

The struggling Internet company projected that its net revenue in the first quarter would range between $1.025 billion and $1.105 billion.

The company earned $296 million in net income in the three months ended December 31, or 24 cents a share, compared with $312 million, or 24 cents a share, in the year-ago period.

Analysts polled by Thomson Reuters I/B/E/S were expecting 24 cents per share in profit.

In the fourth quarter, Yahoo reported net revenue, which excludes fees that Yahoo shares with Web partners, of roughly $1.17 billion, compared with $1.205 billion the same time last year.

Display ad revenue, Yahoo's main source of revenue, totaled $612 million for the quarter. Search ad revenue for the quarter came in at $465 million, $48 million of which stemmed from its partnership with Microsoft.

Thompson said he had spent his first few weeks at Yahoo meeting with the company's employees, managers and customers.

While Thompson said he wouldn't lay out a detailed strategy until he has fully assessed Yahoo's direction, he pointed to data as a key building block for the company's future.

Yahoo will leverage its deep stockpile of data about the company's roughly 700 million users to provide better products for Websurfers and better services for advertisers, Thompson said.

"If you believe data and great technology and great technologists can begin to predict what is in a user's mind and what they want to do next, having that base of data to start from is a big, big advantage," said Thompson.

(Reporting By Alexei Oreskovic; Editing by Bernard Orr)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120125/bs_nm/us_earnings_yahoo_options

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Fed likely to hint of no rate increase before 2014 (AP)

WASHINGTON ? It could be quite a while yet before the Federal Reserve starts raising the interest rates it's kept at record lows for three years.

Maybe not before 2014.

That's the thinking of many analysts as the Fed prepares this week to provide more explicit clues about how long short-term rates will likely stay near zero.

Starting when their policy meeting ends Wednesday, Fed members plan to forecast the direction of those rates four times a year. The clearer guidance will accompany the Fed's usual quarterly predictions of growth, unemployment and inflation.

The new hints about rates are part of a Fed drive to make its communications with the public more transparent. The more immediate goal is to assure consumers and investors that they'll be able to borrow cheaply well into the future.

No announcements are expected Wednesday of any further Fed action to try to lift the economy. Most analysts think Fed members want to put off any new steps, such as more bond purchases, to see if the economy can extend the gains it's made in recent months.

That's true even though this year's new roster of voting members on the Fed's policy panel suggests that fewer voters would likely oppose further steps to boost the economy. Twice last year, Fed action to try to further lower long-term rates drew three dissenting votes out of 10.

Instead, expectations are focused on the likelihood that the Fed's first quarterly forecast of interest rates will signal no rate increase is probable until at least 2014. That would mark a shift. Since August, the Fed has said in policy statements that it planned to keep its benchmark rate at a record low until at least mid-2013, as long as the economy remained weak.

Here's why analysts expect the Fed to signal that most members see no increase before 2014:

On Wednesday, the Fed will use two charts to signify the thinking of each of its 17 policy committee members about rates.

One chart will illustrate how high each committee member thinks the Fed's benchmark rate will be at the end of 2012, 2013 and 2014.

A second chart will show how many members think the first rate increase will occur in each year from 2012 through 2016.

The charts won't identify any member by name.

Because the range of options extends as far as 2016, many analysts think the consensus view within the Fed is to avoid any rate increase before 2014 ? the average of the possible options.

"Just seeing that the choice of a year for the first hike in the Fed funds rate goes all the way out to 2016 makes us think there are at least a few members of the committee who don't want to raise rates until the unemployment rate gets back down to 5 percent or 6 percent," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi.

"We guess there will be some hawks looking for a hike in 2013 and some doves thinking more like 2015," Rupkey said. "The weighted average is likely to be 2014."

Hawks on the Fed tend to be concerned that super-low rates will stoke inflation; doves worry more about high unemployment.

Ward McCarthy, chief financial economist at Jeffries & Co. Inc., said he thinks the Fed's guidance will hint that the first rate increase could come in early 2014.

Others, such as economists at RBC Capital Markets, think the forecasts will suggest no change until late 2014.

A further clue to the Fed's plans will come in its economic projections. In its last projections in November, the Fed forecast that the economy would grow between 2.5 percent and 2.9 percent in 2012. That figure exceeds the forecasts of many private economists. Should the Fed reduce its expectations for growth, that could signal that it's prepared to do more for the economy.

The Fed has already taken numerous unorthodox steps to try to strengthen the economy. Since 2008, for example, it's kept its key rate, the federal funds rate, at a record low between zero and 0.25 percent. It's also bought government bonds and mortgage-backed securities to try to cut long-term rates and ease borrowing costs.

The idea behind the Fed's two rounds of bond buying was to drive down rates to embolden consumers and businesses to borrow and spend more. Lower yields on bonds also encourage investors to shift money into stocks, which can boost wealth and spur more spending.

Some Fed officials have resisted further bond buying for fear it would raise the risk of high inflation later. And many doubt it would help much since Treasury yields are already near historic lows. But Bernanke and other members have left the door open to further action if they think the economy needs it.

The path to such a move could be easier because three regional Fed bank presidents who dissented last year from further Fed action are no longer voting members of the committee. They're being replaced by three who are seen as more likely to back additional efforts to aid the economy.

Vincent Reinhart, a former Fed economist who is chief U.S. economist at Morgan Stanley, says he thinks the Fed will launch another round of bond buying in the spring. That's because he thinks the economy will slow in the current January-March quarter compared with the final months of 2011.

Some think the Fed is most likely to buy more mortgage-backed securities. Doing so could help further reduce record-low mortgage rates and help boost home sales. The weak housing market has held back the economy.

Brian Bethune, an economics professor at Dartmouth College, expects another round of bond purchases in the second half of the year. Bethune thinks the Fed will use those purchases to counter the economic drag that could result if government spending cuts start next January. Those cuts are to take effect unless Congress resolves an impasse on extending tax cuts first passed during the Bush administration.

In addition to providing more guidance on rates, the Fed is weighing other changes in its communications. One could be a new statement to clarify its long-term targets for inflation and unemployment.

The Fed's inflation goal is thought to be between 1.7 percent and 2 percent. Its long-run goal for unemployment is believed to be roughly between 5 percent and 6 percent.

Some private economists say the Fed would start a new bond-buying program only after it resolves an internal debate on its communications strategy ? which could happen as soon as this week.

"They want to get the communications changes out there and get them understood before they do anything else," said Alan Levenson, chief economist at investment firm T. Rowe Price.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20120123/ap_on_bi_ge/us_federal_reserve

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Monday, January 23, 2012

Ship search finds 12th body, captain's documents

An Italian fireman descends from an helicopter to the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Saturday, Jan. 21, 2012. The cruise captain who grounded the Costa Concordia off the Tuscan coast with 4,200 people on board did not relay correct information either to the company or crew after the ship hit rocks, the cruise ship owner's CEO said as the search resumed for 21 missing passengers. (AP Photo/Pier Paolo Cito)

An Italian fireman descends from an helicopter to the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Saturday, Jan. 21, 2012. The cruise captain who grounded the Costa Concordia off the Tuscan coast with 4,200 people on board did not relay correct information either to the company or crew after the ship hit rocks, the cruise ship owner's CEO said as the search resumed for 21 missing passengers. (AP Photo/Pier Paolo Cito)

A woman checks if her clothes are dry as the grounded cruise ship Costa Concordia is seen in background, off the Tuscan island of Giglio, Italy, Saturday, Jan. 21, 2012. The cruise captain, Capt. Francesco Schettino, who grounded the Costa Concordia off the Tuscan coast with 4,200 people on board did not relay correct information either to the company or crew after the ship hit rocks, the cruise ship owner's CEO said as the search resumed for 21 missing passengers. (AP Photo/Pier Paolo Cito)

The grounded cruise ship Costa Concordia lays off the Tuscan island of Giglio, Italy, Saturday, Jan. 21, 2012. The cruise captain who grounded the Costa Concordia off the Tuscan coast with 4,200 people on board did not relay correct information either to the company or crew after the ship hit rocks, the cruise ship owner's CEO said as the search resumed for 21 missing passengers. (AP Photo/Pier Paolo Cito)

An Italian Coast Guard boat patrols the area around the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Saturday, Jan. 21, 2012. The cruise captain who grounded the Costa Concordia off the Tuscan coast with 4,200 people on board did not relay correct information either to the company or crew after the ship hit rocks, the cruise ship owner's CEO said as the search resumed for 21 missing passengers. (AP Photo/Pier Paolo Cito)

Fuel spilling experts work on the grounded cruise ship Costa Concordia off the Tuscan island of Giglio, Italy, Saturday, Jan. 21, 2012. The cruise captain who grounded the Costa Concordia off the Tuscan coast with 4,200 people on board did not relay correct information either to the company or crew after the ship hit rocks, the cruise ship owner's CEO said as the search resumed for 21 missing passengers. (AP Photo/Pier Paolo Cito)

(AP) ? Divers plumbing the capsized Costa Concordia's murky depths pulled out the body of a woman in a life vest Saturday, while scuba-diving police swam through the captain's cabin to retrieve a safe and documents belonging to the man who abandoned the cruise liner after it was gashed by a rocky reef on the Tuscan coast.

Hoping for a miracle ? or at least for the recovery of bodies from the ship that has become an underwater tomb ? relatives of some of the 20 missing appealed to survivors of the Jan. 13 shipwreck to offer details that could help divers reach loved ones while it is still possible to search the luxury liner. The clock is ticking because the craft is perched precariously on a rocky ledge of seabed near Giglio island.

"We are asking the 4,000 persons who were on board to give any information they can about any of the persons still missing," said Alain Litzler, a Frenchman who is the father of missing passenger Mylene Litzler. "We need precise information to help the search and rescue teams find them."

Early Sunday, instruments monitoring any movement of the Concordia indicated that vessel had shifted slightly, so search efforts were suspended for the night, Italian state radio reported.

The death toll rose to at least 12 Saturday after a water-logged body was extracted from a passageway near a gathering point for evacuation by lifeboats in the rear of the vessel, Coast Guard Cmdr. Filippo Marini said. It was not immediately clear if the woman was a passenger or crew member. A female Peruvian bartender and several adult female passengers were among the 21 people listed as missing before the latest corpse was found.

Relatives of the bartender and of an Indian crewman, along with two children of an elderly couple from Minnesota who are among the missing, boarded a boat Saturday to view the wrecked Concordia Saturday, said a maritime official, Fabrizio Palombo.

Family members tossed flowers near the site while islanders standing on the rocky edge of the island also strew bouquets on the water in a tribute to the victims.

Another Coast Guard official, Cosimo Nicastro, said the woman's body was found during a particularly risky inspection.

"The corridor was very narrow, and the divers' lines risked snagging" on furniture and objects floating in the passageway, Nicastro said. To help the coast guard divers reach the area, Italian navy divers had preceded them, setting off charges to blast holes for easier entrance and exit.

Meanwhile, police divers, carrying out orders from prosecutors investigating Captain Francesco Schettino for suspected manslaughter and abandoning the ship, swam through the cold, dark waters to reach his cabin. State TV and the Italian news agency ANSA reported that the divers located and remove his safe and two suitcases. His passport and several documents were also pulled out, state media said.

Searchers inspecting the bridge Saturday also found a hard disk containing data of the voyage, Sky TG24 TV reported.

Three bodies were found in waters around the ship in the first hours after the accident. Since then, divers have gone inside the Concordia to recover all the remaining victims, who were apparently unable to escape the lurching ship during a chaotic evacuation launched almost an hour after the liner hit a reef.

Some survivors who couldn't board lifeboats waited for hours aboard the capsizing craft for rescue by helicopters while others jumped into the water and swam to safety.

The last survivor, found aboard 36 hours after the crash, was an Italian crewman who broke his leg in the confusion and couldn't leave the ship.

The Concordia hit the reef, well-marked on maritime and even tourist maps, while most of the passengers sat down to dinner in the main restaurant, about two hours after the ship had set sail from the port of Civitavecchia on the Tyrrhenian Sea.

Costa Crociere, the ship's operator and subsidiary of U.S.-based Carnival Cruise Lines, has said the captain had deviated without permission from the vessel's route in an apparent maneuver to sail close to the island of Giglio and impress passengers.

Schettino, despite audiotapes of his defying Coast Guard orders to scramble back aboard, has denied he abandoned ship while hundreds of passengers were desperately trying to get off the capsizing vessel. He has said he coordinated the rescue from aboard a lifeboat and then from the shore.

The effort to find survivors and bodies has postponed an operation to remove heavy fuel in the Concordia's tanks; specialized equipment has been standing by for days.

Light fuel, apparently from machinery aboard the capsized ship, was spotted in nearby waters, authorities said Saturday.

But Nicastro said there was no indication that any of the nearly 500,000 gallons (2,200 metric tons) of heavy fuel oil has leaked from the ship's double-bottomed tanks, seen as a risk if the ship's position changes. He said the leaked substance appears to be diesel, which is used to fuel rescue boats and dinghies and as a lubricant for ship machinery.

There are 185 tons of diesel and lubricants on board the crippled vessel, which is lying on its side just outside Giglio's port. Nicastro described the fuel in the sea as "very light, very superficial" and appearing to be under control.

But an official leading rescue, search and anti-pollution efforts for the ship suggested that the luxury liner would have leaked contaminants on board when it tipped over.

"We must not forget that on that ship there are oils, solvents, detergents, everything that a city of 4,000 people needs," Franco Gabrielli, the head of Italy's civil protection agency, told reporters in Giglio.

Gabrielli was referring to the roughly 3,200 passengers and 1,000 crew who were aboard the cruise liner when it ran into the reef and, with seawater rushing into a 230-foot (70-meter) gash in its hull, listed and fell onto its side. "Contamination of the environment, ladies and gentlemen, already occurred" when the liner capsized, Gabrelli said.

Vessels equipped with machinery to suck out the light fuel oil were in the area. Earlier on Saturday, crews removed oil-absorbing booms used to prevent environmental damage in case of a leak. Originally white, the booms were grayish.

Schettino, is under house arrest for investigation of alleged manslaughter, causing a shipwreck and abandoning the ship before all were evacuated.

The search had been suspended Friday after the Concordia shifted, prompting fears the ship could roll off a rocky ledge of sea bed and plunge deeper into the pristine waters around Giglio, part of a seven-island Tuscan archipelago.

___

D'Emilio reported from Rome. Colleen Barry contributed from Milan and Andrea Foa from Giglio.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-21-EU-Italy-Cruise-Aground/id-5babbe3aff9048afa65f7d6befb715f5

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