Stahl arrested for investigation of lewd conduct

LOS ANGELES (AP) — Los Angeles police say actor Nick Stahl has been arrested for investigation of lewd conduct.

The 33-year-old “Terminator 3″ star was arrested about 8 p.m. Thursday on Hollywood Boulevard. He was booked on a misdemeanor count of lewd conduct and released from custody.

The Los Angeles Times reports (http://lat.ms/YU6uBO) that Stahl was arrested at an adult movie shop during a routine undercover police operation.

In May, Stahl had been reported missing by his wife, but he later turned up.

Stahl was a child star who performed in the 1993 film “The Man Without a Face.” He also has appeared in the 2003-2005 HBO series “Carnivale’” and starred in “Mirrors 2″ in 2010. An email seeking comment from his publicist was not immediately returned Friday.

___

Information from: Los Angeles Times, http://www.latimes.com

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Obama ‘optimistic’ on cliff deal

28 December 2012 Last updated at 19:11 ET

US President Barack Obama: “An agreement is being discussed as we speak”

US President Barack Obama says he is “modestly optimistic” that a deal to avoid the “fiscal cliff” is possible, after a last-ditch White House meeting.

Mr Obama said Senate leaders were working to craft a bill that could win approval in both chambers of Congress.

But if a compromise was not reached, the president said he would ask for a quick vote on preventing tax rises.

Congress has only four days to reach an agreement before across-the-board tax rises and spending cuts take effect.

Analysts say sliding over the so-called “cliff” could tip the US into recession and set back the global economic recovery.

If Senate majority leader Harry Reid and minority leader Mitch McConnell do not work out a deal, Mr Obama is seeking a vote to prevent tax rises on incomes up to $ 250,000 (£150,000) and ensure unemployment insurance is continued.

He described that as the “bare minimum” Congress should get done before 1 January.

“The hour for immediate action is here, it is now,” Mr Obama said.

‘Imperfect’ deal

Earlier on Friday, Mr Obama met Mr Reid, Mr McConnell, House Speaker John Boehner and House minority leader Nancy Pelosi at the White House for just over an hour.

Continue reading the main story

“Start Quote

“The American people are watching what we do here – obviously their patience is already thin”

End Quote Barack Obama

Mr McConnell and Mr Reid said they were entering talks shortly after the meeting, and gave relatively upbeat assessments on their task.

Mr McConnell said he was “hopeful and optimistic” that he could present a comprise to his caucus by Sunday, just over 24 hours before the deadline.

His Democratic counterpart said he would “do everything I can” to make the deal happened.

But Mr Reid cautioned that “whatever we come up with is going to be imperfect”.

The renewed effort towards a Senate deal that could pass both chambers comes after much of the focus in negotiations rested on House Speaker John Boehner.

An alternative plan proposed by Mr Boehner – which would have seen taxes rise only on those earning over $ 1m – failed in the House of Representatives late last week.

Continue reading the main story

What is the fiscal cliff?

• On 1 January 2013, tax increases and huge spending cuts are due to come into force – the so-called fiscal cliff


• Deadline was put in place in 2011 to force president and Congress to agree ways to save money over the next 10 years


• Fear is that raising taxes while massively cutting spending will have huge impact on households and businesses


• Experts believe it could push the US into recession, and have a global impact on growth

Mr Boehner has called the lower chamber into session on Sunday. A staff member in the house speaker’s office told Reuters that the House would consider Senate legislation.

“The Speaker told the president that if the Senate amends the House-passed legislation and sends back a plan, the House will consider it – either by accepting or amending,” the unnamed aide said.

Mr Obama’s plans to increase taxes on the wealthiest Americans have remained a point of division between the two parties since he won re-election in November.

Many Republicans oppose new taxes as a matter of principle, and are demanding cuts to what they see as deficit-inflating public spending, putting at risk healthcare and welfare benefit schemes popular with Democrats.

During the news conference on Friday, Mr Obama said any last minute action on tax rises would form the groundwork for further negotiations in the new year.

“The American people are watching what we do here,” he said. “Obviously their patience is already thin.”

Cuts and benefits

The term fiscal cliff refers to the combination of almost $ 600bn (£370bn) of tax rises and spending cuts due to come into force on 1 January if Congress does not pass new legislation.

Sweeping tax cuts passed during the presidency of George W Bush will expire, eventually affecting people of all income levels, and many businesses.

Other tax cuts and benefits set to expire include:

• A 2010 payroll tax cut, the expiration of which would prompt immediate wage-packet cuts

• Benefits for the long-term unemployed

• Compensation for doctors treating patients on federal healthcare programmes

• Inheritance taxes are also likely to be affected if no deal is reached.

In addition, spending cuts mandated by a law passed to break a previous fiscal impasse in Congress will come into force, affecting both military and domestic budgets.

The cuts are expected to affect federal government departments and the defence sector, as well as hitting unemployment insurance and veterans’ support.

BBC News – Business

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Artaflex Reports First Quarter Results

TORONTO, ONTARIO–(Marketwire – Dec 28, 2012) – Artaflex Inc. (TSX VENTURE:ATF) (“Artaflex” or the “Company), a specialist at delivering integrated product solutions and support to the global technology and electronics industry, today reports unaudited first quarter financial results for the three-month period ended October 31, 2012.

Artaflex reports in U.S. dollars and all numbers below are expressed in thousands of U.S. dollars, except per share information and gross margin percentages.

The financial statements for the first quarter ended October 31, 2012, including required comparative information, have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

Further information is available on the Company”s website at www.artaflex.com and the System for Electronic Document Analysis and Retrieval (“SEDAR) at www.sedar.com.

Q1 2013 Financial Highlights:

Sales increased 79.2% to $ 6,510 in the first quarter of 2013 compared to $ 3,632 in 2012, primarily due to the acquisition of Adeptron in March 2012. For the quarter, sales to the Company”s four largest customers represented an aggregate of 54% (2012 – 72%) of the Company”s total sales.

Gross profit decreased $ 195, to $ 881 compared to $ 1,076 in the same period of 2012. Gross profit as a percentage of sales was 13.5% compared to 29.6% for the same period in 2012. The decrease in gross profit and percentage in the quarter is largely due to the acquisition of Adeptron which historically had a lower gross profit.

Selling, general and administrative (“SG&A) expense increased 86.0% to $ 1,408 compared to $ 757 for the same quarter in 2012. The increase was primarily due to one-time legal and professional costs associated with the terminated acquisition of MTI International, Inc. SG&A expense as a percentage of sales was 21.6%, comparable to 20.8% in 2012.

The net loss and comprehensive loss was $ 906 compared to a net income of $ 467 in the first quarter of 2012.

Adjusted EBITDA loss was $ 312 compared to an adjusted EBITDA income of $ 467 in the same period last year.

EBITDA means earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA means earnings before interest, taxes, depreciation, amortization, stock-based compensation and restructuring costs. EBITDA and Adjusted EBITDA are not recognized measures under IFRS. However, management believes that EBITDA and Adjusted EBITDA as herein defined are useful supplemental measures to net income (loss), as it provides investors with an indication of cash earnings prior to debt service, capital expenditures, income taxes and other non-recurring and non-cash items. Readers should be cautioned, however, that EBITDA and Adjusted EBITDA should not be construed as an alternative to net income (loss) determined in accordance with generally accepted accounting principles as an indicator of the Company”s performance or to cash flows from operating, investing and financing activities as a measure of liquidity and cash flows. The Company”s method of calculating EBITDA and Adjusted EBITDA may differ from the methods by which other companies calculate EBITDA and Adjusted EBITDA and, accordingly, the EBITDA and Adjusted EBITDA used herein may not be comparable to measures used by other companies.

About Artaflex:

Artaflex is a specialist at delivering integrated product solutions and support to the global technology and electronics industry. As a leading global provider of complete Electronics Manufacturing Services (EMS), Artaflex offers world class manufacturing facilities and global partners throughout Canada, the United States, Israel and China, allowing Artaflex to provide its customers the flexibility and scalability to competitively achieve total solutions to their present and future electronics outsourcing needs. Visit Artaflex at: www.artaflex.com.

This news release may contain forward-looking statements and information relating to such matters as expected financial performance, business prospects, technological developments, development activities and like matters. These statements involve risk and uncertainties, including but not limited to risk factors described in documents filed with regulatory authorities, such as the company”s most recently filed annual and quarterly MD&A”s. Actual results could differ materially from those projected as a result of these risks and should not be relied upon as a prediction of future events. Artaflex Inc. undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, unless required to do so under applicable law.

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Wall Street ends sour week with fifth straight decline

NEW YORK (Reuters) - Stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight.

President Barack Obama and top congressional leaders met at the White House to work on a solution for the draconian debt-reduction measures set to take effect beginning next week. Stocks, which have been influenced by little else than the flood of fiscal cliff headlines from Washington in recent days, extended losses going into the close with the Dow Jones industrial average and the S&P 500 each losing 1 percent, after reports that Obama would not offer a new plan to Republicans. The Dow closed below 13,000 for the first time since December 4.

"I was stunned Obama didn't have another plan, and that's absolutely why we sold off," said Mike Shea, managing partner at Direct Access Partners LLC in New York. "He's going to force the House to come to him with something different. I think that's a surprise. The entire market is disappointed in a lack of leadership in Washington."

In a sign of investor anxiety, the CBOE Volatility Index <.vix>, known as the VIX, jumped 16.69 percent to 22.72, closing at its highest level since June. Wall Street's favorite fear barometer has risen for five straight weeks, surging more than 40 percent over that time.

The Dow Jones industrial average <.dji> dropped 158.20 points, or 1.21 percent, to 12,938.11 at the close. The Standard & Poor's 500 Index <.spx> lost 15.67 points, or 1.11 percent, to 1,402.43. The Nasdaq Composite Index <.ixic> fell 25.59 points, or 0.86 percent, to end at 2,960.31.

For the week, the Dow fell 1.9 percent. The S&P 500 also lost 1.9 percent for the week, marking its worst weekly performance since mid-November. The Nasdaq finished the week down 2 percent. In contrast, the VIX jumped 22 percent for the week.

Pessimism continued after the market closed, with stock futures indicating even steeper losses. S&P 500 futures dropped 26.7 points, or 1.9 percent, eclipsing the decline seen in the regular session.

All 10 S&P 500 sectors fell during Friday's regular trading, with most posting declines of 1 percent, but energy and material shares were among the weakest of the day, with both groups closely tied to the pace of growth.

An S&P energy sector index <.gspe> slid 1.8 percent, with Exxon Mobil down 2 percent at $85.10, and Chevron Corp off 1.9 percent at $106.45. The S&P material sector index <.gspm> fell 1.3 percent, with U.S. Steel Corp down 2.6 percent at $23.03.

Decliners outnumbered advancers by a ratio of slightly more than 2 to 1 on the New York Stock Exchange, while on the Nasdaq, two stocks fell for every one that rose.

"We've been whipsawing around on low volume and rumors that come out on the cliff," said Eric Green, senior portfolio manager at Penn Capital Management in Philadelphia, who helps oversee $7 billion in assets.

With time running short, lawmakers may opt to allow the higher taxes and across-the-board federal spending cuts to go into effect and attempt to pass a retroactive fix soon after the new year. Standard & Poor's said an impasse on the cliff wouldn't affect the sovereign credit rating of the United States.

"We're not as concerned with January 1 as the market seems to be," said Richard Weiss, senior money manager at American Century Investments, in Mountain View, California. "Things will be resolved, just maybe not on a good timetable, and any deal can easily be retroactive."

Trading volume was light throughout the holiday-shortened week, with just 4.46 billion shares changing hands on the New York Stock Exchange, the Nasdaq and NYSE MKT on Friday, below the daily average so far this year of about 6.48 billion shares. On Monday, the U.S. stock market closed early for Christmas Eve, and the market was shut on Tuesday for Christmas. Many senior traders were absent this week for the holidays.

Highlighting Wall Street's sensitivity to developments in Washington, stocks tumbled more than 1 percent on Thursday after Senate Majority Leader Harry Reid warned that a deal was unlikely before the deadline. But late in the day, stocks nearly bounced back when the House said it would hold an unusual Sunday session to work on a fiscal solution.

Positive economic data failed to alter the market's mood.

The National Association of Realtors said contracts to buy previously owned U.S. homes rose in November to their highest level in 2-1/2 years, while a report from the Institute for Supply Management-Chicago showed business activity in the U.S. Midwest expanded in December.

"Economic reports have been very favorable, and once Congress comes to a resolution, the market should resume an upward trend, based on the data," said Weiss, who helps oversee about $125 billion in assets. "All else being equal, we see any further decline as a buying opportunity."

Barnes & Noble Inc rose 4.3 percent to $14.97 after the top U.S. bookstore chain said British publisher Pearson Plc had agreed to make a strategic investment in its Nook Media subsidiary. But Barnes & Noble also said its Nook business will not meet its previous projection for fiscal year 2013.

Shares of magicJack VocalTec Ltd jumped 10.3 percent to $17.95 after the company gave a strong fourth-quarter outlook and named Gerald Vento president and chief executive, effective January 1.

The U.S.-listed shares of Canadian drugmaker Aeterna Zentaris Inc surged 13.8 percent to $2.47 after the company said it had reached an agreement with the U.S. Food and Drug Administration on a special protocol assessment by the FDA for a Phase 3 registration trial in endometrial cancer with AEZS-108 treatment.

(Reporting by Ryan Vlastelica; Editing by Jan Paschal)

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Clippers beat Jazz 116-114 for 16th straight win

SALT LAKE CITY (AP) — The Los Angeles Clippers already have a December to remember.

Sunday they can close it out in perfect fashion against a familiar foe — the same Utah team they rallied to beat 116-114 Friday night to earn their 16th straight win.

If they extend their streak by beating the Jazz at home Sunday, they will join the 1995-96 Spurs and 1971-72 Lakers as the only teams in NBA history to complete a 16-0 month.

If they fight the way they did Friday, it should be easy.

"Give Utah credit, but our guys battled back tonight," Clippers coach Vinny Del Negro said. "They found a way to win and that's what it's all about. We stayed together, we weathered the storm when we had to and gave ourselves a chance and we were fortunate to make enough plays."

Afterward, team leader Chris Paul could hardly be heard over the pulsating music of Jay-Z as his teammates sang along in the visitors' locker room.

Why not?

The Clippers had just pulled off a 19-point comeback in what had been a dreadful venue for them.

Paul did most of the damage, leading the Clippers (24-6) with 29 points, including the final seven, as Los Angeles pulled out the two-point victory.

The Clippers winning streak is the longest in the NBA since Boston won 19 in row from Nov. 15 to Dec. 23, 2008.

The last time the franchise won three straight in Salt Lake City was 1979-1981 when they were the San Diego Clippers.

"This one is a great win for us because we kind of needed a challenge," said Blake Griffin, who had 22 points and 13 rebounds for the Clippers. "(We had) to prove not only to everybody else but to ourselves that we can still win close games like this and win a game down 19 in the third quarter."

In the opposing locker room, the Jazz were lamenting another one that got away — the second loss at home to the Clippers during their record streak. They dropped the first by one on Dec. 3 after leading by 14.

On Friday, ex-Clipper Randy Foye put up a 3-pointer at the buzzer that was contested by Matt Barnes, but no foul was called. Foye finished with a season-high 28 points for Utah.

Foye did his best not to say anything about the officiating.

"I felt as though I pump-faked," Foye said. "He knew that I wanted to shoot the 3 and I felt the contact. He made me go straight up and shoot the ball straight down. It was just a tough play."

Paul was tough down the stretch, with the clinching free throws after getting fouled by Al Jefferson with 3.4 seconds left.

"When (DeAndre Jordan) came to give me the ball screen, I wasn't worried about (Gordon) Hayward, I was just worried about Al Jefferson," Paul said. "I could tell (Jefferson) was going to try and blitz me. Anytime two guys try and trap me, I'm always going to attack the slower guy. If they wouldn't have called the foul, I was right around Al anyway."

He sank both free throws this time, after missing one with 18 seconds left that allowed Jefferson to grab the rebound, draw the foul and sink two free throws at the other end to tie it at 114.

Paul made sure he got both the next time.

"Man, I couldn't wait to get to the line. I couldn't wait to get to the line," Paul said. "I was mad at myself for missing that last one. I couldn't wait to get to the line to redeem myself."

Just like the first game this season against the Jazz, Utah had the upper hand early.

The Jazz used a 36-point second quarter to turn a seven-point deficit into a 58-48 halftime lead.

Their reserves did most of the damage. Alec Burks and Earl Watson pushed the pace, big men Enes Kanter and Derrick Favors showed their presence inside and Hayward found ways to score.

Kanter's block of Ronny Turiaf ignited the crowd.

Hayward's 3-pointer tied it at 34 with 7:04 left in the second and he scored 10 straight for the Jazz, who forced eight turnovers in the quarter and held the Clippers to 37.5 percent shooting.

Foye, who kept Utah close in the first with a 13-point quarter on 4-of-5 shooting, gave the Jazz their biggest lead of the half, 54-41, with two more free throws.

The Jazz led 74-55 with 8:08 left in the third on a pair of free throws by Paul Millsap. But the Clippers outscored Utah 29-14 the rest of the quarter to go ahead 88-84 going into the fourth.

Paul provided the offense in the third with 13 points on 4-of-6 shooting.

"At the beginning of the third quarter, they made another run at us but then we got a little bit of a rhythm and then started guarding. We started getting some stops and getting out in the open court," Del Negro said.

The loss dropped Utah below .500 at 15-16. The Jazz have now lost six of their last eight.

Al Jefferson added 22 points for Utah. Hayward had 17 off the bench for Utah.

DeAndre Jordan had 16 points and 10 rebounds for the Clippers, who had six players in double figures.

"It's all tough," Jazz coach Tyrone Corbin said. "On our home court. We had a lead, we gave up the lead but we continued to fight. We made some mistakes but fought our way through it and had a chance to win the ball game at the end. Unfortunately they got a lot of free throws."

NOTES: An unidentified Jazz employee was disciplined and had his access to the team Twitter account discontinued after what team officials deemed an inappropriate tweet regarding the firing of Nets coach Avery Johnson and Brooklyn's interest in Phil Jackson. The tweet said Jackson only wants "great players," an apparent reference to ex-Jazz point guard Deron Williams, who had criticized Johnson's offense. ... Jazz point guard Mo Williams still has swelling in his sprained right thumb and remains out indefinitely. ... The Clippers got a scare late in the first quarter when Lamar Odom came up limping. He returned in the second and finished with 12 points. ... The Clippers failed to register a blocked shot despite coming into the game averaging 6.52.

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2013: A year for big issues in the courts

By Jeffrey Toobin, CNN Senior Legal Analyst

December 27, 2012 -- Updated 1445 GMT (2245 HKT)

Chief Justice John Roberts re-administers the oath of office to Barack Obama at the White House on January 21, 2009.

STORY HIGHLIGHTS

• Jeffrey Toobin: 2013 will see pivotal decisions in several key areas of law


• He says Supreme Court could decide fate of same-sex marriage


• Affirmative action for public college admissions is also on Court's agenda


• Toobin: Newtown massacre put gun control debate back in the forefront

Editor's note: Jeffrey Toobin is a senior legal analyst for CNN and a staff writer at The New Yorker magazine, where he covers legal affairs. He is the author of "The Oath: The Obama White House and the Supreme Court."

(CNN) -- What will we see in 2013?

One thing for sure: The year will begin with Chief Justice John Roberts and President Obama getting two chances to recite the oath correctly.

Jeffrey Toobin

After that, here are my guesses.

1. Same-sex marriage and the Supreme Court. There are two cases, and there are a Rubik's Cube-worth of possibilities for their outcomes. On one extreme, the court could say that the federal government (in the Defense of Marriage Act) and the states can ban or allow same-sex marriage as they prefer. On the other end, the Court could rule that gay people have a constitutional right to marry in any state in the union. (Or somewhere in between.)

CNN Opinion contributors weigh in on what to expect in 2013. What do you think the year holds in store? Let us know @CNNOpinion on Twitter and Facebook/CNNOpinion

2. The future of affirmative action. In a case pending before the Supreme Court, the Court could outlaw all affirmative action in admissions at public universities, with major implications for all racial preferences in all school or non-school settings.

3. Gun control returns to the agenda. The Congress (and probably some states) will wrestle with the question of gun control, an issue that had largely fallen off the national agenda before the massacre in Newtown. Expect many invocations (some accurate, some not) of the Second Amendment.

4. The continued decline of the death penalty. Death sentences and executions continue to decline, and this trend will continue. Fear of mistaken executions (largely caused by DNA exonerations) and the huge cost of the death penalty process will both accelerate the shift.

5. Celebrity sex scandal. There will be one. There will be outrage, shock and amusement. (Celebrity to be identified later.)

Follow @CNNOpinion on Twitter

Join us at Facebook/CNNOpinion

The opinions expressed in this commentary are solely those of Jeffrey Toobin.

Part of complete coverage on

December 27, 2012 -- Updated 1445 GMT (2245 HKT)

Jeffrey Toobin says key rulings will likely be made regarding same-sex marriage and affirmative action for public college admissions.

December 28, 2012 -- Updated 0041 GMT (0841 HKT)

Frida Ghitis says that after years in which conservative views dominated the nation, there's now majority support for many progressive stances.

December 28, 2012 -- Updated 0316 GMT (1116 HKT)

John MacIntosh says gun manufacturer Freedom Group should be acquired by public-spirited billionaires and turned into a company with ethical goals.

December 27, 2012 -- Updated 0237 GMT (1037 HKT)

Bassam Gergi and Ali Breland says we should mourn for Newtown's victims, but also take steps to stop the slaughter of young people in inner cities

Get the latest opinion and analysis from CNN's columnists and contributors.

December 26, 2012 -- Updated 1445 GMT (2245 HKT)

Tseming Yang says the 25 major carbon emitters should come to an agreement just among themselves about fighting climate change.

December 25, 2012 -- Updated 1252 GMT (2052 HKT)

David Frum says the National Rifle Association's "Death Wish" style vision of America as a land of armed civilians fending off criminals is a fantasy.

December 27, 2012 -- Updated 0207 GMT (1007 HKT)

Lawrence Krauss says the nation must grieve with the families of Newtown after such a tremendous loss, but religion is not the right framework

December 28, 2012 -- Updated 1044 GMT (1844 HKT)

Jonathan Batiste says jazz is a complex, traditional and utterly contemporary art -- the language that we use to state our deepest, truest feelings

December 26, 2012 -- Updated 1540 GMT (2340 HKT)

Dean Obeidallah says "Zero Dark Thirty" and "Promised Land" present hot button issues that fire up people from the left and right.

December 26, 2012 -- Updated 1344 GMT (2144 HKT)

MADD started as a small grass-roots movement that grew and radically changed society's views on drunk driving, says Candace Lightner.

December 22, 2012 -- Updated 1706 GMT (0106 HKT)

David Gergen says the hope for cooperation is gone in the capital as people spar over fiscal cliff, gun control, and nominations

December 19, 2012 -- Updated 2054 GMT (0454 HKT)

William Bennett says having armed and trained people could help protect schools and other vulnerable places from gun violence

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R&B singer Brandy engaged to music executive

LOS ANGELES (Reuters) – R&B singer and actress Brandy Norwood is engaged to music executive Ryan Press, a spokeswoman for the singer said on Thursday.

This will be the first marriage for the singer, who goes by the moniker Brandy. Press is an executive with music publisher Warner/Chappell Music. A date for the wedding has not been announced publicly.

Norwood, 33, has a 10-year-old daughter with her former boyfriend, music producer Robert Smith.

Norwood has starred in numerous television and films since the 1990s and is best known as the lead character in the popular television series “Moesha” from 1996-2001 on the now-defunct channel UPN.

She also scored a hit song in 1998 with “The Boy is Mine,” a collaboration with the singer Monica, which garnered the pair a Grammy award. Brandy released her sixth studio album “Two Eleven” in October this year.

(Reporting by Eric Kelsey; Editing by Piya Sinha-Roy and David Brunnstrom)

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How Often Do We Use Guns in Self-Defense?

“The only thing that stops a bad guy with a gun is a good guy with a gun.”

If you had to sum up the National Rifle Association’s response to the Newtown (Conn.) school massacre, and to any proposal for tougher gun-control laws, that one sentence from the NRA’s Dec. 21 press conference pretty much does the trick.

The gun owners’ lobby opposes restrictions on civilian acquisition and possession of firearms because, it contends, law-abiding people need guns to defend themselves. Millions of people also use guns for hunting and target-shooting. But at the core of the NRA’s argument is self-defense: the ultimate right to protect one’s ability to remain upright and breathing.

So how often do Americans use guns to defend themselves? If it almost never happens, then the NRA argument is based on a fallacy and deserves little respect in the fashioning of public policy. If, on the other hand, defensive gun use (DGU) is relatively common, then even a diehard gun-control advocate with any principles and common sense would admit that this fact must be given some weight.

Criminologists concur that the unusual prevalence of guns in America—some 300 million in private hands—makes our violent crime more lethal than that of other countries. (See, for example, the excellent When Brute Force Fails, by UCLA’s Mark Kleiman.) That’s the cost of allowing widespread civilian gun ownership: In this country, when someone is inclined to commit a mugging, shoot up a movie theater, or kill their spouse (or themselves), firearms are readily available.

One reason the gun debate seems so radioactive is that gun-control proponents refer almost exclusively to the cost of widespread gun ownership, while the NRA and its allies focus on guns as instruments and symbols of self-reliance. Very few, if any, participants in the conflict acknowledge that guns are both bad and good, depending on how they’re used. Robbers use them to stick up convenience stores, and convenience store owners use them to stop armed robbers.

If guns have a countervailing benefit—that lawful firearm owners frequently or even occasionally use guns to defend themselves and their loved ones—then determining how aggressively to curb private possession becomes a more complicated proposition.

As with everything else concerning guns in this country, the DGU question prompts divergent answers. At one end of the spectrum, the NRA cites research by Gary Kleck, an accomplished criminologist at Florida State University. Based on self-reporting by survey respondents, Kleck has extrapolated that DGU occurs more than 2 million times a year. Kleck doesn’t suggest that gun owners shoot potential antagonists that often. DGU covers various scenarios, including merely brandishing a weapon and scaring off an aggressor.

At the other end of the spectrum, gun skeptics prefer to cite the work of David Hemenway, an eminent public-health scholar at Harvard University. Hemenway, who analogizes gun violence to an epidemic and guns to the contagion, argues that Kleck’s research significantly overestimates the frequency of DGU.

The carping back and forth gets pretty technical, but the brief version is that Hemenway believes Kleck includes too many “false positives”: respondents who claim they’ve chased off burglars or rapists with guns but probably are boasting or, worse, categorizing unlawful aggressive conduct as legitimate DGU. Hemenway finds more reliable an annual federal government research project, called the National Crime Victimization Survey, which yields estimates in the neighborhood of 100,000 defensive gun uses per year. Making various reasonable-sounding adjustments, other social scientists have suggested that perhaps a figure somewhere between 250,000 and 370,000 might be more accurate.

What’s the upshot?

1. We don’t know exactly how frequently defensive gun use occurs.

2. A conservative estimate of the order of magnitude is tens of thousands of times a year; 100,000 is not a wild gun-nut fantasy.

3. Many gun owners (I am not one, but I know plenty) focus not on statistical probabilities, but on a worst-case scenario: They’re in trouble, and they want a fighting chance.

4. DGU does not answer any questions in this debate, but it’s a factor that deserves attention.

Businessweek.com — Top News

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FRO – Financial Calendar 2013

HAMILTON, BERMUDA–(Marketwire – Dec 28, 2012) – Frontline Ltd. plans to release its financial statements on the following dates in 2013:

28 February 2013 – Preliminary fourth quarter and financial year 2012 results

31 May 2013 – First quarter 2013 results

30 August 2013 – Second quarter 2013 results

29 November 2013 – Third quarter 2013 results

Please be advised that the dates are subject to change.

Frontline Ltd.
December 28, 2012

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Frontline Ltd. via Thomson Reuters ONE

[HUG#1667504]

Marketwire News Archive – Yahoo! Finance

Title Post: FRO – Financial Calendar 2013
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Stock futures fall ahead of "cliff" talks restart

NEW YORK (Reuters) - Stock index futures fell on Friday, putting the benchmark S&P 500 index on track for a fifth straight decline as legislators prepared to resume talks to avoid the "fiscal cliff."

President Barack Obama and lawmakers are launching a last round of talks before a New Year's cliff deadline, when a series of tax hikes and spending cuts that could send the economy into a recession are set to begin.

U.S. stocks fell for a fourth straight session on Thursday but managed to recover most of their earlier losses after the House of Representatives, in the barest sign of progress, said it would return to Washington on Sunday night to work on avoiding the cliff.

Highlighting market sensitivity to cliff headlines, on Thursday stocks fell more than 1 percent earlier after Senate Majority Harry Reid warned a deal was unlikely before the deadline.

S&P 500 futures fell 4.9 points and were 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 lost 40 points, and Nasdaq 100 futures dropped 11 points.

Economic data expected on Friday includes Chicago PMI for December at 9:45 a.m. (1445 GMT) while the National Association of Realtors issues Pending Home Sales for November at 10 a.m. (1500 GMT). Economists in a Reuters survey forecast a reading of 51 for the main PMI index and a 1 percent rise in pending home sales.

European shares edged lower as investors waited to see if a deal to avoid the U.S. "fiscal cliff" would be reached before further boosting their exposure to equities. <.eu/>

The yen fell to its lowest level in more than two years, lifting Japanese stocks to 21-month highs on expectations of drastic monetary easing, while shares in the rest of Asia rose as Washington races to avoid a fiscal crisis.

(Reporting by Chuck Mikolajczak)

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