Stock index futures point to flat open






LONDON (Reuters) – Stock index futures indicated a flat-to-slightly lower open on Wall Street on Friday, with some traders citing nervousness ahead of results from financial group Wells Fargo due later in the day.


Futures for the S&P 500 and Nasdaq 100 were flat by 04.30 EST, while futures for the Dow Jones were 0.1 percent lower.






“There’s maybe a little bit of nervousness ahead of Wells Fargo’s results,” said Darren Easton, director of trading at London-based firm Logic Investments.


Boeing Co’s 787 Dreamliner jet suffered a cracked cockpit window and an oil leak on separate flights in Japan on Friday – the latest in a series of incidents to test confidence in the sophisticated new aircraft.


Infosys Ltd posted flat third-quarter net profits, beating analyst expectations, as the second-largest Indian software services provider maintained margins despite higher operating costs. It also raised revenue forecast for the full year to end March.


Credit card company American Express Co said it would cut about 5,400 jobs, or 8.5 percent of its workforce, as it restructures its business and pays legal bills.


SAC Capital Advisors expects client withdrawals of at least $ 1 billion in 2013 as the hedge fund battles intense regulatory scrutiny over insider trading allegations, the Wall Street Journal reported on Friday.


Unsecured creditors of MF Global Holdings Ltd on Thursday proposed a liquidation plan that could pay the brokerage’s former customers in full.


Exxon Mobil Corp reported flaring at its 344,500 barrel-per-day (bpd) Beaumont, Texas, refinery, according to a message posted on a community information line.


Tycoon Carlos Slim’s retail unit said it plans to relist on the Mexican stock exchange, offering a 15.2 percent stake to raise some $ 720 million to fund expansion plans, including possible acquisitions.


Supervalu Inc struck a $ 3.3 billion deal to reduce its burdensome debt by selling five of its supermarket chains to an investor group led by Cerberus Capital Management LP .


The Federal Reserve’s policy of zero interest rates and asset purchases is appropriate and perhaps even insufficient, said Narayana Kocherlakota, president of the Minneapolis Fed.


European shares were flat on Friday although the pan-European FTSEurofirst 300 index <.fteu3> remained within sight of two-year highs.</.fteu3>


Asian shares and Brent crude futures fell as a pick-up in Chinese inflation prompted profit taking, although an improving outlook for global economies curbed losses.


U.S. stocks rose on Thursday and the S&P 500 <.spx> ended at a fresh five-year high as stronger-than-expected exports from China spurred optimism about global growth prospects.</.spx>


The Dow Jones industrial average <.dji> gained 80.71 points, or 0.60 percent, to 13,471.22. The Standard & Poor’s 500 Index rose 11.10 points, or 0.76 percent, to 1,472.12. The Nasdaq Composite Index <.ixic> added 15.95 points, or 0.51 percent, to 3,121.76.</.ixic></.dji>


(Reporting by Sudip Kar-Gupta; Editing by Susan Fenton)


Business News Headlines – Yahoo! News





Title Post: Stock index futures point to flat open
Url Post: http://www.news.fluser.com/stock-index-futures-point-to-flat-open/
Link To Post : Stock index futures point to flat open
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Five people who should pay more taxes






WASHINGTON (MarketWatch) – As bumbling as Washington appears to be, our political leaders have made substantial progress in getting the deficit under control — at least in the medium term.


In the last two years, they’ve agreed on deficit-reduction measures totaling about $ 2 trillion over 10 years, including about $ 1.5 trillion in spending cuts and $ 500 billion in additional revenue.






That’s significant, but it’s not quite enough to stabilize the debt as a share of the gross domestic product. And it doesn’t begin to tackle the more difficult challenges that will arise in the 2020s and 2030s when the retirement of the baby boomers gets really expensive.


Even with the latest deal to raise taxes, revenues won’t reach the key 20% of GDP line needed to stabilize our debt.


Our immediate deficit problem stems largely from the weak economy: Revenues collapsed in 2008 and haven’t really recovered. Meanwhile, spending to fight the recession ballooned. Just restoring normal growth would cut the deficit in half.


Right now, the economy’s still too weak to tolerate much more austerity. There’s no need to slash spending or raise taxes this year, and probably not next year either.


In the long run, our long-run deficit problems stem from three major sources: 1) An increase in demand for health care, the most inefficient part of our economy; 2) wasteful government spending and tax expenditures; and 3) insufficient revenue.


All three sources must be addressed. That’s not just my opinion; it’s the judgment of all the blue-ribbon committees and commissions that have studied the deficit over the past few years, including Simpson-Bowles and Rivlin-Domenici, who advocated higher taxes in conjunction with reduced spending.


I’ve already described how we should fix Medicare by making our health-care system more efficient. Read how to fix Medicare the right way.


And there’s plenty of wasteful spending and tax expenditures that could be eliminated if only we had the political will. Read why isn’t Obama demanding corporate welfare cuts?


That leaves the question of how to raise the additional revenue needed to pay for the size of government that the people demand. Tanks, roads, prisons and Social Security checks aren’t free. As always with taxes, the key concerns are raising sufficient revenue without creating inefficiencies or inequities.


With those goals in mind, here are five groups of people who should pay higher taxes in the future:


Speculators:


Reuters The constant trading on Wall Street and in other financial centers has enriched the financial industry, but hasn’t helped the economy very much.


A small financial transaction tax should be levied on all trades of financial securities, including stocks, bonds, futures, options and complex derivatives. Proponents have suggested a 25-cent tax on trading a $ 100 stock.


Besides raising significant amounts of revenue, such a tax could help curb the speculative trading that has destabilized economies and fueled the parasitical growth of the financial industry.


Critics say this tax would raise the cost of capital. But financial transaction costs have plunged over the past 20 years with no apparent benefit to the economy. Investment in Main Street didn’t grow, but Wall Street got fat.


The not-quite-rich


MarketWatch In the early 1980s, the payroll tax was set so that 10% of incomes wouldn’t be taxed to support Social Security. As earnings have risen faster for the upper incomes, more of total income has escaped being taxed. In 2011, 17.1% of income wasn’t subject to the payroll tax, a big reason for the program’s long-term funding problem..


President Barack Obama promised voters he wouldn’t raise taxes on anyone making less than $ 250,000, and he agreed two weeks ago not to raise taxes on anyone making less than $ 400,000. That was a politically wise but fiscally foolish promise. It left trillions of dollars of potential revenue on the table.


The debate over whether folks making $ 250,000 are “middle class “ or “rich” is beside the point. If we are ever going to corral the deficit, then even upper middle-class families will need to pay their share. Stabilizing Social Security’s finances, in particular, could be accomplished by increasing the payroll tax for those who make more than the current cap of $ 113,700.


Outsourcers


Corporations have paid a higher tax rate for most of the past 60 years. They aren’t overtaxed.


Corporations complain a lot about the high statutory tax rate, but the taxes they actually pay are relatively low. For most of the past 70 years, corporations paid an effective rate of at least 30%, but that declined to just 21% in 2011, despite near-record profits.


According to the Congressional Research Service, the effective tax rate for U.S. corporations is similar to, if not slightly lower, than the average for other major economies. U.S. corporations are not overtaxed. Read the CRS report on international tax comparisons


One reason the effective tax is low is the generous tax break given to multinational corporations who earn profits overseas. The Joint Tax Committee has concluded that limiting the break could raise more than $ 100 billion over 10 years and reduce the incentives to shift operations to tax havens. Read the report on multinational corporations.


Billion-dollar babies


Reuters Daniel Loeb of Third Point, left, and William Ackman of Pershing Square Capital, right, are well-known and well-compensated hedge-fund managers.


The millionaires and billionaires who run hedge funds and private-equity firms have a sweet tax break that allows them to shield most of their income from the highest tax rates. Instead of being taxed at 39.6% as it should, the income they earn from managing other people’s money is taxed at 20%, just as if their own money were at risk.


Closing this loophole wouldn’t raise all that much money, but it would be fair. And an industry where $ 1 billion salaries are common doesn’t need a taxpayer subsidy.


Tax cheats


Hundreds of billions of dollars in revenue is never collected each year. Small businesses are responsible for a large share of the tax gap.


Each year, more than $ 350 billion in taxes due are never paid. Some of this “tax gap” is undoubtedly innocent, but much of the tax avoidance is deliberate. Collecting even a small portion would help our finances.


Some taxes are more likely to be avoided than others. For working people who have their taxes withheld from each paycheck, the avoidance rate is minuscule, around 1%.


But for taxpayers with small-business income, the avoidance rate is an astonishing 57%, according to the latest analysis by the Internal Revenue Service (which, unfortunately, is a decade old). The owners of small businesses avoid about $ 75 billion in income taxes every year, plus tens of billions in self-employment taxes, mostly because all their income is self-reported. Read the IRS report.


These cheats can get away with it because Washington loves small businesses even more than it does motherhood, apple pie and the troops. A common-sense plan to require more disclosure from third parties was killed as part of the backlash against Obamacare. We should require more disclosure and collect more taxes.


* * *


Despite what you constantly hear, the United States is not a high-tax country. As a share of the economy, the taxes we pay are among the lowest of any advanced nation. Raising a little more revenue is a small price to pay to avoid the debt catastrophe that we are told lies ahead.


Rex Nutting is a columnist and MarketWatch’s international commentary editor, based in Washington. Follow him on Twitter @RexNutting.


More From MarketWatch


Yahoo! Finance – Personal Finance





Title Post: Five people who should pay more taxes
Url Post: http://www.news.fluser.com/five-people-who-should-pay-more-taxes/
Link To Post : Five people who should pay more taxes
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Stock futures flat ahead of Wells Fargo earnings


NEW YORK (Reuters) - Stock index futures were little changed on Friday, a day after the S&P 500 hit a five-year high and ahead of earnings from Wells Fargo, the first big bank to report this season.


The Japanese government approved a massive $117 billion of spending to revive the economy in the biggest stimulus since the financial crisis, a move that boosted optimism about the global outlook.


Basic materials shares could be hurt after China's annual consumer inflation rate picked up to a seven-month high, narrowing the scope for the central bank to boost the economy by easing monetary policy.


S&P 500 futures dipped 1 point and were slightly below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 7 points, and Nasdaq 100 futures added 1 point.


American Express said it would cut about 5,400 jobs, or 8.5 percent of its workforce, as it restructures its business and pays legal bills.


Boeing's 787 Dreamliner jet suffered a cracked cockpit window and an oil leak on separate flights in Japan on Friday - the latest in a series of incidents to test confidence in the new aircraft. Shares fell 1.4 percent to $76 in premarket trading.


Best Buy shares fell 1.7 percent to $12.00 in premarket trading after it reported flat holiday sales at established U.S. stores.


The U.S. Commerce Department releases November international trade figures at 8:30 a.m. ET (1330 GMT). Economists in a Reuters poll expect a trade deficit of $41.3 billion in November against a gap of $42.24 billion in October.


At the same time, the Labor Department releases import-export prices for December. Economists forecast a 0.1 percent rise in imports and an unchanged reading for exports.


Federal Reserve Bank of Philadelphia President Charles Plosser speaks on the economic outlook before the New Jersey Economic Leadership Forum at 9:30 a.m. ET (1430 GMT).


(Reporting by Rodrigo Campos; Editing by Bernadette Baum)



Read More..

Browns name Rob Chudzinski new coach


CLEVELAND (AP) — The Browns hauled their coaching search to Arizona and back. They talked to high-profile college coaches, NFL assistants and a fired pro coach who took a team to a Super Bowl.


None of them was hired.


Instead, Rob Chudzinski became their pick.


With no experience as a head coach at any level, Chudzinski was hired Thursday night by the Cleveland Browns, the team he cheered for as a kid. This is Chudzinski's third stint with the team, but this time around he's the guy in charge.


Chudzinski, who spent the past two seasons calling plays as Carolina's offensive coordinator, is the Browns' sixth full-time coach since 1999 and 14th in team history.


Just as it appeared the Browns might be going in another direction, the team selected the 44-year-old Chudzinski to revive a team that has made the playoffs just once in the past 14 years.


Chudzinski will be introduced Friday at an 11 a.m. news conference, where owner Jimmy Haslam and CEO Joe Banner likely will be asked how they selected Banner after speaking to at least seven other candidates and flirting with Chip Kelly before he returned to Oregon.


"Chud," as he's known to players and friends, Chudzinski worked as the Browns' tight ends coach in 2004 and was their offensive coordinator in 2007, when the team won 10 games — their most since an expansion rebirth in 1999.


A lifelong Browns fan who grew up in Toledo, Ohio, Chudzinski replaces Pat Shurmur, another first-time coach when he was hired, who was fired on Dec. 31 after a 5-11 season. For the past two years, Chudzinski has worked with talented Panthers quarterback Cam Newton and resuscitated Carolina's offense, which was one of the league's worst before he arrived.


When Haslam and Banner embarked on their coaching search as 2013 began, the pair vowed they would wait as long as necessary to find "the right coach" for Cleveland. They promised to give their new coach final say over the roster and planned to pair him with an executive to help pick players.


Chudzinski wasn't seen by many as an option.


And then he became the choice.


Chudzinski interviewed with the team on Wednesday, when the club also visited with Cincinnati defensive coordinator Mike Zimmer. Chudzinski appeared to be a long shot for the job, not because he wasn't qualified, but because it was thought Haslam wanted to make a big splash with his first coaching hire.


However, Chudzinski wowed Haslam and Banner during his meeting and the team decided it was time to end its search in its second week.


It's not yet known whom Chudzinski will bring in as coordinators. There are reports he may hire former San Diego coach Norv Turner to run his offense. Chudzinski worked for Turner with the Chargers.


In his first season in Carolina, Chudzinski turned Newton, the No. 1 overall draft pick, loose and the Panthers set club records for total yards (6,237) and first downs (345). Carolina also scored 48 touchdowns after getting just 17 in the season before Chudzinski arrived. The Panthers jumped from last in the league in total yardage to seventh, the biggest improvement since 1999.


Following the season, Chudzinski interviewed for head coaching jobs with St. Louis, Jacksonville and Tampa Bay before returning to Carolina.


In getting the Browns' job, Chudzinski was picked over Zimmer, Montreal Alouettes coach Marc Trestman, fired Arizona coach Ken Whisenhunt and Cardinals defensive coordinator Ray Horton. Whisenhunt was in Cleveland for a second interview on Thursday, and appeared to be the front-runner. The Browns also were expected to interview Indianapolis offensive coordinator Bruce Arians.


Newton continued to develop in his second season with Chudzinski, and the QB's development may have helped his case since the Browns are hoping Brandon Weeden will improve this year after his uneven rookie season.


After his first stint on Cleveland's staff, Chudzinski spent two seasons as San Diego's tight ends coach, working with perennial Pro Bowl standout Antonio Gates.


Taking over the Browns' offense in 2007, Chudzinski helped the Browns go 10-6. They barely missed the playoffs, but four players, including quarterback Derek Anderson, made the Pro Bowl. However, in 2008, the Browns struggled on offense and a six-game losing streak led to a 4-12 finish and Romeo Crennel's firing.


Chudzinski's hiring may not be popular with Cleveland fans, many of whom at fantasies about Nick Saban or Jon Gruden or Kelly brining his supersonic offense to the NFL.


But his selection is in keeping with at least one of Banner's past moves. When he was in Philadelphia's front office, Banner went outside the box and hired Green Bay assistant Andy Reid, a relative unknown who spent 14 seasons with the Eagles.


Now that they've got their coach, the Browns can focus on finding a GM to replace Tom Heckert, fired after three seasons.


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


Read More..

Terror group fills Syria rebels' space






STORY HIGHLIGHTS


  • U.S. declared a key opposition group in Syria a terrorist organization

  • New report says it is the most effective group in the opposition, with 5,000 fighters

  • Nada Bakos: The group has ties to al Qaeda but also seeks to provide social services

  • She says the chances are slim that it could be persuaded to give up radical goals




Editor's note: Nada Bakos is a former Central Intelligence Agency analyst.


(CNN) -- In the midst of the struggle against Bashar al-Assad's government stands Jabhat al-Nusra, recently designated by the U.S. State Department as a foreign terrorist organization.


A new report by the Quilliam Foundation in London says the organization is the most effective arm of the Syrian insurgency and now fields about 5,000 fighters against the Assad regime.


Practically speaking, the terrorist designation means little that is new for the immediate struggle in Syria. Shortly after al-Nusra claimed credit for one of its early suicide bombings in January 2012, the Obama administration made known al-Nusra's connection to al Qaeda in Iraq, a group with which I was intimately familiar in my capacity as an analyst and targeting officer at the Central Intelligence Agency.



Nada Bakos

Nada Bakos



The administration's position was reinforced when Director of National Intelligence James Clapper one month later testified in front of the Senate Armed Services Committee that "...we believe al-Qaeda in Iraq is extending its reach into Syria."


Analysis: Study shows rise of al Qaeda affiliate in Syria


Al-Nusra is filling a power vacuum through charitable efforts to galvanize local support and generating influence among Syrians. In light of al-Nusra's influence in Syria, the real question is not so much about the scope and scale of al-Nusra currently, but rather how should the United States respond to its rise, particularly after al-Assad's eventual exit?



Historically, the U.S. government seemed to believe that as soon as people are given the chance, they will choose and then create a Jeffersonian democracy. Then we are surprised, if not outraged, that people turn to organizations such as Hamas, Hezbollah or the Muslim Brotherhood in electoral contests. These organizations often provide the basic necessities that people need to survive: food, water, medical care, education and security.


As ideologically distasteful as we might find them, they are often doing things corrupt, weak or failing governments do not: providing the basic necessities that people need to survive (let alone create the conditions that enable people to aspire to thrive).


Why does al-Nusra keep quiet about its ties to al Qaeda in Iraq? The documents pulled from the Abottabad raid that killed Osama bin Laden shed light on his awareness that the al Qaeda brand had been deteriorating.








Bin Laden urged regional groups, "If asked, it would be better to say there is a relationship with al Qaeda, which is simply a brotherly Islamic connection, and nothing more," according to CNN. Bin Laden and Ayman al-Zawahiri had criticized the Jordanian-born founder and leader of al Qaeda in Iraq, Abu Musab al-Zarqawi, for his killing of civilians and lack of political acumen to win public support.


Talk about al Qaeda seems distant. It was a bogeyman made real in 1993 when it unsuccessfully attacked the World Trade Center and terrifyingly tangible in 2001 when its operatives succeeded in destroying the twin towers and expanded their attacks to the Pentagon and the air over Pennsylvania. Its looming shadow has since faded from the public eye, particularly with the death of bin Laden. Its vision and ideology, however, continue to have a strong appeal.


Now that al Qaeda central has a less visible role, what makes players like al-Nusra and al Qaeda in Iraq threats? Even today, after Zarqawi's death, al Qaeda in Iraq has managed to continue to wreak havoc in Iraq and in the region through an autonomous, adaptable structure.


Al-Nusra has declared itself a player in the fight for a global jihad, a bold statement for what is today a localized group . Even small groups, however, have the potential to disrupt regional stability and complicate America's pursuit of its national security objectives—a fact I learned firsthand tracking and trying to stem the rise, influence and efficacy of al Qaeda in Iraq in the aftermath of the U.S. invasion of Iraq.


Zarqawi, until his death in 2006, was able to confound U.S. forces and attack Jordan by attracting recruits from North Africa (including Libya), Central Europe, Jordan and Syria.


Some of Zarqawi's earliest recruits were veterans of the Syrian Muslim Brotherhood, an organization that lashed out against the Syrian government during the 1980s. Captured records from a raid near the city of Sinjar, Iraq, indicated that during the 2006-2007 time frame, 8% of al Qaeda in Iraq operatives were Syrians. The percentage likely ebbed and flowed as the group formed, became influential and waned, but it suggests that there was no shortage of recruits amenable to engage in religious conflict in Syria as recently as 5-10 years ago.


The most striking thing about the captured records, however, is that it appears almost every foreign fighter entering Iraq to join al Qaeda in Iraq came through Syria. As a targeter, I can tell you that facilitation networks are key: they are the means by which groups such as al Qaeda in Iraq are funded, supplied and sustained. During the Iraq war, Zarqawi's top aides in Syria played a critical role in recruiting, funding and operational planning outside Iraq.


One of the things U.S. officials and the international media should watch for is how al-Nusra uses its terrorist designation: If it seeks to use the declaration to burnish its jihadist credentials, it might be able to bolster the image of the organization in the eyes of the extremist community and parlay that recognition into larger, or steadier, streams of funding—a development that will make the group more viable over the long-term or allow it to expand its operations or influence in the short- to mid-term.


An important differentiator between al Qaeda in Iraq and al-Nusra is one of its tactics: Zarqawi made a practice of indiscriminately killing Iraqi civilians, effectively terrorizing the Iraqi population, especially the Shiite minority. Zarqawi, despite identifying with al Qaeda, had a much thinner theological basis than al Qaeda central.


Key figures at al Qaeda central such as bin Laden and Zawahiri argued with Zarqawi over his tactics, complaining that alienating mainstream Muslims would not help achieve the over-arching goal of instilling Sharia law.


Al-Nusra is using some of the same tactics as al Qaeda in Iraq (e.g., suicide bombings, kidnappings and car bombs), but it appears to be trying to strike a balance Zarqawi was unwilling to make: Not only does it seem to be avoiding alienating—if not antagonizing—the larger population, but it also is providing the people of Syria with a range of goods and services such as food, water and medical care—basic necessities that people need to survive in the best of times, let alone when their country is in the throes of a civil war.


If this becomes a trend, it might signal that al-Nusra aspires to be more like Hezbollah or Hamas, organizations that defy neat categorization based on the range of social, political and military activities they engage in and the resultant legitimacy they have in the eyes of their constituencies.


In the Syrian uprising, the opportunity for meaningful U.S. intervention might have passed: Exhaustion from operations in Iraq and Afghanistan have taken their toll on the U.S. military, have taxed the national treasury, and sapped political will, especially as the state of the economy remains at the center of the debate in Washington.


Our absence from the fight is going to cost us if the al-Assad regime fails, leaving rebel groups like al-Nusra dictating the direction, pace and scope of a new Syria.


Given that managing affairs in the Middle East has never been one of our strong suits, the question at this point should be how can the United States, particularly the Department of State, best engage groups that might be inimical to U.S. values but necessary to our interests in the Middle East? For that, I am not sure there is a clear or simple answer.


One opportunity would be if the United States uses its designation of al-Nusra as both a stick and carrot, cajoling and encouraging it to enter into mainstream politics when (or if) the Assad regime falls.


My read of al-Nusra, however, is that, like Zarqawi, it does not aspire to be a political player and is unlikely to settle for a political role in the new government. Instead, it may aim to play the spoiler for any transitional government and use its resources and political violence to empower and encourage other like-minded extremists. With time and opportunity, al-Nusra could not only add to regional instability in the Middle East, but also rekindle global jihad.



Follow @CNNOpinion on Twitter


Join us at Facebook/CNNOpinion


The opinions expressed in this commentary are solely those of Nada Bakos.






Read More..

‘The Hunger Games’ lead fan favorites at People’s Choice awards






LOS ANGELES (Reuters) – Post-apocalyptic action film “The Hunger Games” was the big winner at the People’s Choice Awards on Thursday, picking up five awards including favorite movie of the year, while singer Katy Perry again led in the music categories.


Hosted by “The Big Bang Theory” actress Kaley Cuoco, the People’s Choice Awards named winners in more than 40 categories across film, television and music. About 475 million fans voted through the People’s Choice website.






“The Hunger Games,” based on the trilogy of novels by Suzanne Collins, beat out “The Avengers,” “The Amazing Spider-Man,” “The Dark Knight Rises” and “Snow White and the Huntsman” for the coveted favorite movie accolade.


Jennifer Lawrence, who plays “Hunger Games” heroine Katniss Everdeen, won the favorite movie actress award over Mila Kunis, Emma Stone, Anne Hathaway and Scarlett Johansson.


“Thank you for loving movies as much as I do, and loving this movie and voting,” Lawrence said.


“The Hunger Games” was also named favorite action film and favorite movie franchise, while its stars Lawrence, Josh Hutcherson and Liam Hemsworth won favorite on-screen chemistry.


The People’s Choice is the first of Hollywood’s annual awards shows, but unlike the Oscars or the Golden Globes, the winners are determined by fans, so it provides few insights into likely winners of the movie industry’s top honors in February.


“The Avengers,” which was nominated in eight categories, didn’t go home empty-handed. Robert Downey Jr. was named favorite movie actor for his role as Iron Man in the superhero ensemble box office hit.


“You’ve chosen wisely,” the actor joked on stage.


Adam Sandler picked up the fan favorite award for comedic actor, while former “Friends” star Jennifer Aniston picked up the favorite comedic movie actress award, beating out Mila Kunis, Reese Witherspoon, Emily Blunt and Cameron Diaz.


“I cannot thank you enough for allowing me to be honored with this, after supporting me for almost 20 years,” Aniston said.


Emma Watson of “Harry Potter” fame picked up the favorite dramatic actress accolade for her role in “The Perks of Being a Wallflower.”


“Perks” was also named favorite dramatic movie, while “Ted,” the raunchy R-rated comedy from “Family Guy” creator Seth MacFarlane, was named favorite comedy film.


MUSIC AND TELEVISION WINNERS


Katy Perry took home four trophies this year, including favorite female artist and a surprise win for favorite pop artist over Justin Bieber.


Fan favorite Taylor Swift beat out Tim McGraw, Jason Aldean, Blake Shelton and Carrie Underwood for favorite country artist.


“You guys have blown my mind with what you’ve done with this album ‘Red.’ I want to thank you for caring about my music and me,” the singer said in her acceptance speech.


Her chart-topping album “Red,” which the singer based on her experiences, was one of 2012′s top-sellers. The singer attended the awards alone following a widely reported split from boyfriend Harry Styles of U.K. boy band One Direction.


Maroon 5 picked up the favorite band award. The band’s popularity skyrocketed in 2012 after lead singer Adam Levine served as a judge on television talent show “The Voice.”


British boy band The Wanted won favorite breakout artist.


In the television categories, CBS comedy “The Big Bang Theory” was named favorite network comedy, while ABC’s “Grey’s Anatomy” picked up favorite network drama.


Ellen Pompeo of “Grey’s Anatomy” and “Castle” actor Nathan Fillion won the favorite TV dramatic actress and actor awards, while “Glee” stars Lea Michele and Chris Colfer picked up the favorite TV comedic actress and actor awards.


Sandra Bullock was named favorite humanitarian for her efforts in helping victims of Hurricane Katrina in New Orleans.


(Reporting By Piya Sinha-Roy; Editing by Stacey Joyce)


Movies News Headlines – Yahoo! News





Title Post: ‘The Hunger Games’ lead fan favorites at People’s Choice awards
Url Post: http://www.news.fluser.com/the-hunger-games-lead-fan-favorites-at-peoples-choice-awards/
Link To Post : ‘The Hunger Games’ lead fan favorites at People’s Choice awards
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

No change to inflation measure







There will be no change to the way the retail prices index is calculated, the Office for National Statistics (ONS) has decided.






After a three-month consultation, the ONS has decided not to bring the RPI more into line with the slower rising consumer prices index (CPI).


Instead, a new additional index of inflation will be created.


However, the RPI will continue to be used for the uprating of private sector pensions and index-linked bonds.


The National Statistician, Jil Matheson, said: “There is significant value to users in maintaining the continuity of the existing RPI’s long time series without major change, so that it may continue to be used for long-term indexation and for index-linked gilts and bonds.”


The inherent gap between RPI and CPI, which runs at an average of 1.2 percentage points a year, has become increasingly dominated by the so-called “formula effect” – the result of using different methods for calculating the average price of goods and services in the economy.


Any decision to alter the current RPI index, so that it rose more slowly, would have reduced the future pension increases of millions of private sector pensioners and cut the income of investors in index-linked government bonds and savers with index-linked savings certificates.


Decision welcomed


The ONS decision means that from March 2013, it will publish a new version of the RPI alongside the existing one.


The main difference will be that the new index will use the same formula as the CPI for calculating average prices.


That will mean the new RPI measure will usually rise more slowly than the long established version.


Continue reading the main story


Ros Altmann, the director general of the financial services company Saga and former government adviser on pensions policy, hailed the ONS decision as “brilliant”.


“Consultation responses overwhelmingly favoured no change so would be hard to ignore,” she tweeted.


“There’s no right or wrong exact measure of inflation, each one has flaws.”


Tom McPhail of Hargreaves Lansdown said: “This will be welcome news for all those dependent on pension benefits, who might otherwise have suffered a drop of between 0.5% to 1% a year in their income in real terms.”


“It will probably come as a disappointment to employers sponsoring final salary schemes.


“A reduction in the rate of RPI would have reduced some pension scheme liabilities; this in turn would have reduced the amount of money which employers have to pump into these schemes to reduce their deficits,” he added.


Continue reading the main story

Britain’s Office for National Statistics has decided, when it comes to inflation, it’s better to be consistent than to be right”



End Quote



The Treasury confirmed it would continue using the RPI measure for calculating the return on both old and new index-linked bonds.


“For gilt investors, future cash flows on existing index-linked gilts will continue to be calculated by reference to RPI,” said the Economic Secretary, Sajid Javid.


“The government will continue to issue new index-linked gilts linked to the RPI.”


The ONS has already decided to launch another new measure of inflation in March, to be called CPIH.


This will be a version of the current CPI index, but adjusted to measure changes in the cost of buying and owning a home.


The main CPI measure excludes those costs, something which has long been seen as its major flaw.


BBC News – Business





Title Post: No change to inflation measure
Url Post: http://www.news.fluser.com/no-change-to-inflation-measure/
Link To Post : No change to inflation measure
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Pilot Gold Sells Regent Property to Rawhide Mining, Strengthens Treasury






VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan 10, 2013) – Pilot Gold Inc. (PLG.TO) (“Pilot Gold” or the “Company”) has signed and closed a definitive purchase agreement (the “Agreement”) to sell 100% of its Regent exploration property (“Regent”, or the “Property”) to Rawhide Mining LLC (“RMC”) for $ 3 million in cash.


Pilot Gold will retain a net profits royalty of 15% on the Property and is entitled to a sliding scale gold equivalent bonus payment (the “Gold Bonus”), each of which is payable in certain circumstances after RMC has achieved production at the Property.






“Regent”s divestiture allows the Company to add to its strong cash position while the royalty potentially offers exposure to production for Pilot Gold, as RMC intends to integrate Regent into its existing mining operations,” said Matt Lennox-King, President and CEO, Pilot Gold.


Transaction highlights:


  • Non-refundable payments to Pilot Gold of $ 2 million received at closing and $ 1 million payable six months following closing

  • 15% royalty on net profits from Regent after RMC recovers its upfront cash payments to Pilot Gold and its development costs to take Regent to production

  • A Gold Bonus for any gold-equivalent ounces from Regent placed on the RMC leach pad in excess of 115,000 ounces based on:















Gold price/ozGold Bonus price/oz
$ 1,800 or more$ 29.050
$ 1,700 to $ 1,800$ 23.275
$ 1,600 to $ 1,700$ 17.500
$ 1,500 to $ 1,600$ 11.550
$ 1,400 to $ 1,500$ 5.775
Less than $ 1,400$ 0.000

The Regent property is located in Mineral County, Nevada, along the eastern margin of the prolific Walker Lane epithermal gold-silver belt. It includes 283 claims totaling 1,795 hectares (4,436 acres) and is an epithermal gold and silver system with oxide gold outcropping at surface, and extensive subsurface gold mineralization outlined in several areas by over 600 drill holes. Regent is 2.5 kilometers northwest of the RMC-operated Denton-Rawhide Mine. The Denton-Rawhide Mine began operations in 1990. Gold and silver production is ongoing, as RMC has expanded the heap leach pads and is currently expanding operations.


RMC plans to continue exploration and engineering studies at Regent in an effort to define a mineral resource that could be permitted, developed and processed at the adjacent Denton-Rawhide Mine. Pilot Gold may receive revenue through its profit participation – and potentially Gold Bonus payments – if Regent advances to production.


ABOUT RAWHIDE MINING LLC


Rawhide Mining LLC operates the historic Denton-Rawhide Mine, located 2.5 kilometres southeast of Regent. The mine began operations in 1990, producing 1.56 million ounces of gold and 11.5 million ounces of silver by traditional open pit-heap leach methods through 2010. Gold and silver production is ongoing as Rawhide Mining LLC has been expanding the heap leach pads and mining the historical open pit.


ABOUT PILOT GOLD


Pilot Gold is a well-funded gold exploration company led by a proven technical team that continues to discover and define high-quality projects featuring strong grades, meaningful size and mining-friendly addresses. Our three key assets include interests in the TV Tower and Halilaga projects in Turkey, and the Kinsley Mountain project in Nevada, each of which has the ability to become a foundational asset. We also have a pipeline of projects characterized by large land positions and district-wide potential that can meet our growth needs for years to come.


For more information, visit www.pilotgold.com.


All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Pilot Gold Inc. (“Pilot Gold”) within the meaning of applicable securities laws, including statements that address the potential receipt of revenue in the future from the royalty or the Gold Bonus. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”, “potential”, “targeting”, “intends”, “believe”, “potential”, and similar expressions, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “should”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, copper, silver and other metal prices, the timing and ability of RMC to define a mineral resource and bring the property to production, currency exchange rates and interest rates, favourable operating conditions, political stability, RMC obtaining governmental approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, and anticipated costs and expenditures by RMC at the Property. Many assumptions are based on factors and events that are not within the control of Pilot Gold and there is no assurance they will prove to be correct.


Such forward-looking information, including, but not limited to, statements that address resource potential, potential quantity and/or grade of minerals, potential size of a mineralized zone, potential expansion of mineralization, the timing and results of future resource estimates by RMC, RMC”s ability to put Regent into production and the estimation of mineral reserves and resources involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Pilot Gold to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks related to the interpretation of results at the Regent property; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; current and proposed exploration and development; the costs and timing of the development of the Regent property by RMC; deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration by RMC as well as those factors discussed in the (final) short form prospectus of the Company dated October 25, 2012, in the section entitled “Risk Factors”, under Pilot Gold”s SEDAR profile at www.sedar.com.


Although Pilot Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Pilot Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information. Further details relating to Pilot Gold are also available in our Annual Information Form, available under Pilot Gold”s SEDAR profile at www.sedar.com.


Marketwire News Archive – Yahoo! Finance





Title Post: Pilot Gold Sells Regent Property to Rawhide Mining, Strengthens Treasury
Url Post: http://www.news.fluser.com/pilot-gold-sells-regent-property-to-rawhide-mining-strengthens-treasury/
Link To Post : Pilot Gold Sells Regent Property to Rawhide Mining, Strengthens Treasury
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

US STOCKS-Futures gain as China data points to growth


NEW YORK (Reuters) - U.S. stock index futures rose on Thursday, alongside other risk assets, as stronger-than-expected exports in the world's second-biggest economy, China, raised hopes for a more robust recovery in the global economy this year.


Data showed China's export growth rebounded sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown, even as demand from Europe and the United States remained subdued.


Adding to the bullish sentiment, Spanish benchmark government bond yields fell below 5 percent to a 10-month low on the back of a strong bond auction that raised more than the target amount.


S&P 500 futures rose 3.5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 25 points, and Nasdaq 100 futures added 5 points.


Traders will also focus on the Labor Department release of first-time claims for jobless benefits for the latest week at 8:30 a.m. ET (1330 GMT). Economists in a Reuters survey forecast a total of 365,000 new filings compared with 372,000 in the prior week.


The Commerce Department releases wholesale inventories for November at 10:00 a.m. ET (1500 GMT). Economists expect inventories to rise 0.3 percent, against a 0.6 percent increase in October.


Shares of Duke Realty Corp fell 4 percent in premarket trading after the company announced late on Wednesday an offering of 30 million shares.


(Reporting by Rodrigo Campos; Editing by Bernadette Baum)



Read More..

Junior Seau had brain disease CTE


Junior Seau, one of the NFL's best and fiercest players for nearly two decades, had a degenerative brain disease when he committed suicide last May, the National Institutes of Health told The Associated Press on Thursday.


Results of an NIH study of Seau's brain revealed abnormalities consistent with chronic traumatic encephalopathy (CTE).


The NIH, based in Bethesda, Md., conducted a study of three unidentified brains, one of which was Seau's. It said the findings on Seau were similar to autopsies of people "with exposure to repetitive head injuries."


Seau's family requested the analysis of his brain, which was overseen by Dr. Russell Lonser.


Seau was a star linebacker for 20 NFL seasons with San Diego, Miami and New England before retiring in 2009. He died of a self-inflicted shotgun wound.


He joins a list of several dozen football players who had CTE. Boston University's center for study of the disease reported last month that 34 former pro players and nine who played only college football suffered from CTE.


"I was not surprised after learning a little about CTE that he had it," Seau's 23-year-old son Tyler said. "He did play so many years at that level. I was more just kind of angry I didn't do something more and have the awareness to help him more, and now it is too late.


"I don't think any of us were aware of the side effects that could be going on with head trauma until he passed away. We didn't know his behavior was from head trauma."


That behavior, according to Tyler Seau and Junior's ex-wife Gina, included wild mood swings, irrationality, forgetfulness, insomnia and depression.


"He emotionally detached himself and would kind of 'go away' for a little bit," Tyler Seau said. "And then the depression and things like that. It started to progressively get worse."


He hid it well in public, they said. But not when he was with family or close friends.


The NFL faces lawsuits by thousands of former players who say the league withheld information on the harmful effects concussions can have on their health.


Seau is not the first former NFL player who killed himself, then was found to have CTE. Dave Duerson and Ray Easterling are others.


Duerson, a former Chicago Bears defensive back, left a note asking for his brain to be studied for signs of trauma before shooting himself. His family filed a wrongful death suit against the NFL, claiming the league didn't do enough to prevent or treat the concussions that severely damaged his brain.


Easterling played safety for the Falcons in the 1970s. After his career, he suffered from dementia, depression and insomnia, according to his wife, Mary Ann. He committed suicide last April.


Mary Ann Easterling is among the plaintiffs who have sued the NFL.


"It was important to us to get to the bottom of this, the truth," Gina Seau said, "and now that it has been conclusively determined from every expert that he had obviously had it, CTE, we just hope it is taken more seriously.


"You can't deny it exists, and it is hard to deny there is a link between head trauma and CTE. There's such strong evidence correlating head trauma and collisions and CTE."


Tyler Seau played football through high school and for two years in college. He says he has no symptoms of any brain trauma.


Gina Seau's son, Jake, now a high school junior, played football for two seasons, but has switched to lacrosse and has been recruited to play at Duke.


"Lacrosse is really his sport and what he is passionate about," she said. "He is a good football player and probably could continue. But especially now watching what his dad went through, he says, 'Why would I risk lacrosse for football?'


"I didn't have to have a discussion with him after we saw what Junior went through."


Her 12-year-old son, Hunter, has shown no interest in playing football.


"That's fine with me," she said.


Read More..