Stock futures dip on growth concerns, bank earnings eyed


NEW YORK (Reuters) - Stock index futures slipped on Wednesday, pressured by low growth expectations and ahead of earnings from major financials including Goldman Sachs.


JPMorgan Chase & Co reported an increase in fourth-quarter profits as the biggest U.S. bank made more home loans.


Shares of Dow component Boeing fell 4.2 percent in premarket trading on concerns about the safety of its Dreamliner passenger jets. Japan's two leading airlines grounded their fleets of 787s on Wednesday after one of the jets made an emergency landing.


A slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013. Global gross domestic product will rise 2.4 percent this year, the bank said, down from its June forecast that global growth would reach 3.0 percent in 2013.


S&P 500 futures fell 2 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 fell 37 points, and Nasdaq 100 futures lost 1.5 points.


Talks to take Dell Inc private are at an advanced stage with at least four major banks lined up to provide financing, two sources with knowledge of the matter told Reuters.


This earnings season the U.S. technology industry is in the unusual position of dragging corporate America down.


(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)



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Lance Armstrong may not be done confessing


Lance Armstrong may not be done confessing.


His interview with Oprah Winfrey hasn't aired yet, but already some people want to hear more — under oath — before Armstrong is allowed to compete in elite triathlons, a sport he returned to after retiring from cycling in 2011. In addition to stripping him of all seven of his Tour de France titles last year, anti-doping officials banned Armstrong for life from sanctioned events.


"He's got to follow a certain course," David Howman, director general of World Anti-Doping Agency, told the AP. "That is not talking to a talk show host."


Armstrong already has had conversations with U.S. Anti-Doping Agency officials, touching off speculation that the team leader who demanded loyalty from others soon may face some very tough choices himself: whether to cooperate and name those who aided, knew about or helped cover up a sophisticated doping ring that Armstrong ran on his tour-winning U.S. Postal Service squads. Former teammate Frankie Andreu, one of several riders Armstrong cast aside on his ride to the top of the sport, said no one could provide a better blueprint for cleaning up the sport.


"Lance knows everything that happened," Andreu told The Associated Press. "He's the one who knows who did what because he was the ringleader. It's up to him how much he wants to expose."


World Anti-Doping Agency officials said nothing short of "a full confession under oath" would even cause them to reconsider the ban. Although Armstrong admitted to Winfrey on Monday that he used performance-enhancing drugs, Howman said that is "hardly the same as giving evidence to a relevant authority." The International Cycling Union also urged Armstrong to tell his story to an independent commission it has set up to examine claims that the sport's governing body hid suspicious samples, accepted financial donations, and helped Armstrong avoid detection in doping tests.


Winfrey wouldn't detail what Armstrong said during their interview at a downtown Austin hotel. In an appearance on "CBS This Morning," she said she was "mesmerized and riveted by some of his answers." What had been planned as a 90-minute broadcast will be shown as a two-part special, Thursday and Friday, on Winfrey's OWN network.


The lifetime ban was imposed after a 1,000-page report by USADA last year outlined a complex, long-running doping program led by Armstrong. The cyclist also lost nearly all of his endorsements and was forced to cut ties with the Livestrong cancer charity he founded in 1997. The damage to Armstrong's reputation was just as severe.


The report portrayed him as well-versed in the use of a wide range of performance-enhancers, including steroids and blood boosters such as EPO, and willing to exploit them to dominate. Nearly a dozen teammates provided testimony about that drug regimen, among them Andreu and his wife, Betsy.


"A lot of it was news and shocking to me," Andreu said. "I am sure it's shocking to the world. There's been signs leading up to this moment for a long time. For my wife and I, we've been attacked and ripped apart by Lance and all of his people, and all his supporters repeatedly for a long time. I just wish they wouldn't have been so blind and opened up their eyes earlier to all the signs that indicated there was deception there, so that we wouldn't have had to suffer as much.


"And it's not only us," he added, "he's ruined a lot of people's lives."


Armstrong was believed to have left for Hawaii. The street outside his Spanish-style villa on Austin's west side was quiet the day after international TV crews gathered there hoping to catch a glimpse of him. Meanwhile, members of his legal team mapped out a strategy on how to handle at least two pending lawsuits against Armstrong, and possibly a third.


Former teammate Floyd Landis, who was stripped of the 2006 Tour de France title for doping, alleges in one of the lawsuits that Armstrong defrauded the U.S. government by repeatedly denying he used performance-enhancing drugs. The False Claims Act lawsuit could require Armstrong to return substantial sponsorship fees and pay a hefty fine. The AP reported earlier Tuesday that Justice Department officials were likely to join the whistleblower lawsuit before a Thursday deadline.


___


Jim Litke reported from Chicago, Jim Vertuno from Austin, Texas. Stephen Wilson in London and John L. Mone in Dearborn, Mich., also contributed to this report.


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Are gun curbs just symbolism?






STORY HIGHLIGHTS


  • Gun violence recommendations are expected from Vice President Biden on Tuesday

  • The proposals are expected to contain substantive and symbolic ideas to curb gun violence

  • Presidents use symbolism to shift public opinion or affect larger political or social change




Washington (CNN) -- The pictures told the story: Vice President Joe Biden looked solemn, patrician and in control as he sat at a long table in the White House, flanked by people on both sides of the gun control issue.


The images conveyed a sense that the White House was in command on this issue.


And that's the point. Historically, presidential administrations have used symbolic imagery—at times coupled with marginal actions—to shift public opinion or affect larger political or social change.


"Politics is a risk taking project," said Julian Zelizer, a Princeton University historian and CNN contributor. "They put together these commissions in response to some crisis. You try a hundred things and hope something works."


On the eve of the Biden-led gun control task force recommendations to President Barack Obama, political experts say it is important that his administration sends a clear signal that it has things in hand.










That is especially critical in what will likely be an uphill battle to push specific changes, like an assault weapons ban, as part of a broader effort on gun control.


The first move in the image battle will be to appear to move quickly and decisively.


"You have to give the Obama administration credit for one thing: They've learned from history to do things quickly," Larry Sabato, director of the University of Virginia's Center for Politics, said of previous task force initiatives that fizzled.


In 2010, Obama appointed a bipartisan commission headed by former Republican Sen. Alan Simpson of Wyoming and Erskine Bowles, a former Democratic White House chief of staff, to come up with a proposal to balance the budget and cut the debt.


Like the gun task force, Simpson-Bowles reviewed current regulations, gathered input from the public and engaged in tense internal conversations. But after months of working on a proposal—a blend of steep revenue increases and spending cuts—the group struggled to agree to a solution. The president did not take up the recommendations.


Obama largely avoided the issue of gun control during his first term.


He wrote an opinion piece two months after the 2011 assassination attempt on Rep. Gabrielle Giffords of Arizona, acknowledging the importance of the Second Amendment right to bear arms. In the piece he also called for a focus on "effective steps that will actually keep those irresponsible, law-breaking few from getting their hands on a gun in the first place."


But in the aftermath of that shooting and as the election season loomed, the Justice Department backed off from a list of recommendations that included a measure designed to help keep mentally ill people from getting guns.


For now, at least, there is a sense in Washington that the Newtown, Connecticut, school shooting where 26 people -- 20 of them young children -- were slaughtered could lead to meaningful legislative reform.


Public opinion would seem to suggest that the White House efforts are well timed.


In the month since the massacre, a new poll showed the percentage of Americans who said they were dissatisfied with America's gun laws has spiked.


The Gallup survey released on Monday showed 38% of Americans were dissatisfied with current gun regulations, and wanted stricter laws. That represented 13-point jump from one year ago, when 25% expressed that view. "You want to strike while the iron is hot," Sabato said. "We Americans have short attention spans and, as horrible as the Newtown shooting was, will anyone be surprised if we moved along by spring?"


The White House has since worked overtime to show it considers gun control an urgent matter.


The vice president has spent the last week meeting with what the White House calls "stakeholders" in the gun control debate.


On Monday, Biden was to meet with members of a House Democratic task force on guns, along with Attorney General Eric Holder, Homeland Security Secretary Janet Napolitano, and Kathleen Sebelius, the secretary of Health and Human Services.


In a series of face to face discussions on Thursday, Biden sat down with the National Rifle Association and other gun owners groups before conferring with representatives from the film and television industry.


In a sign the White House is prepared to move aggressively on its proposals, Biden made public comments just before meeting with the National Rifle Association, the country's most powerful gun lobby.


"Putting the vice president in charge of (the task force) and having him meeting with these groups is intended to show seriousness and an effort to reach out and respond to concerns and wishes of various groups," said Alan Abramowitz, a political science professor at Emory University.


Still, the NRA expressed disappointment in its discussion with Biden and later released a statement that accused the administration of mounting "an agenda to attack the Second Amendment."


Organizations seeking tougher gun control laws insist an assault weapons ban is critical to addressing the nation's recent rash of mass shootings. However, such a ban could be difficult in a Congress mired in gridlock.


"The bully pulpit is limited. It's hard for the president to sustain that momentum," Zelizer said of the White House's gun control efforts after the Newtown shootings. "The thing about symbolism is, like the shock over Newtown, they fade quickly."


CNN's Jim Acosta and Kevin Liptak contributed to this report






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Variance Films Picks Up Jay-Z Produced ‘An Oversimplification of Her Beauty’






NEW YORK (TheWrap.com) – Variance Films has acquired North American distributions rights to “An Oversimplification of Her Beauty,” Terence Nance‘s debut film executive produced by Jay-Z, Dream Hampton, Joy Bryant and comedian Wyatt Cenac.


Variance will release the movie in theaters April 12 while Cinema Guild handles downstream releases, such as DVD and digital.






Nance’s film explores the relationship between a young man and woman, as the man divines whether it is romantic or platonic. Nance stars alongside Namik Minter.


Mixing live action and animation, the film debuted at Sundance in 2012 and went on to screen at film festivals across the country.


“I know it’s a bit cliché to say ‘you’ve never seen anything like this before’, but if you’ve caught the film, I think you’ll agree that you’ve never seen anything like this before,” Variance Films founder Dylan Marchetti said in a statement. “Somehow, Terence has managed to blend documentary, narrative, ten different styles of animation, and a short film while telling a story that is immediately relatable to anyone who has ever loved someone who didn’t love them back, and frankly, that’s just about everyone.”


Founded in 2008, Variance is a New York-based independent distributor that released Spike Lee’s “Red Hook Summer” and will release Dave Grohl’s upcoming documentary “Sound City.”


Movies News Headlines – Yahoo! News




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Congress Works Better With Bribes–Er, Pork






“I haven’t seen so much lard,” said Ronald Reagan, “since I handed out blue ribbons at the Iowa State Fair.” It was March 1987, and the president was using his weekly radio address to blast a highway spending bill he’d just vetoed. The next month 13 Republican senators deserted him by voting to help Democrats override the veto. As the late Senator Robert Byrd, a Democrat legendary for bringing money home to West Virginia, told his chamber: “Potholes know no party.”


Congressional pork is hard to define with any precision. One man’s sop is another man’s overpass. But earmarks, the specific instructions that Congress tacks onto its spending bills in order to tell the president exactly where in the country the money they’re approving must be spent, are easy to identify and target. Since the days of Byrd, both Congress and the public have soured on them. After the Republicans took back the House in 2010, Congress banned earmarks outright. In the two years since, it’s done nothing but tie itself up with a supercommittee, a sequester, and continued promises to fix things in the future. Political hacks used to say pork was the political grease that lubricated legislative deals. Only now do we see how true that was. Would it really be so terrible to reintroduce some congressionally sanctioned bribery? That would let members lay claim to the odd million in the interest of striking a deal worth much more.






Tom DeLay, as majority leader for House Republicans in the early 2000s, used the lure of earmarks to enforce party discipline. Democrats in the minority squealed about the practice. When they took power in 2007, they vowed to reform the system, then started attaching members’ names to their earmark requests in 2008 to increase transparency. Perversely, this made earmarks a fat target for the Republicans who’d staked much of the 2010 election on an anti-spending platform.


Since the ban took effect, the appropriations process has “melted down,” says Sean Kelly, a professor at California State University Channel Islands who’s spent his career studying government spending. In dozens of conversations with staffers and members of Congress, he’s found that there’s now less incentive for a politician to serve on an appropriations committee because there’s nothing to hand out. As a result, says Kelly, the committees attract more partisans and fewer pragmatists–to its detriment. “There’s a human element in lawmaking that is real,” says Tom Cole, a six-term House Republican from Oklahoma. Without earmarks, “you’re removing all incentive for people to vote for things that are tough.”


And the ban, says Cole, hasn’t reduced spending. It’s just moved the decision-making power Congress used to have to the executive branch. “You’ve still got earmarks,” he says. “They’re just getting done by unelected bureaucrats.” Kelly says his conversations with congressional staffers confirm this: Offices on Capitol Hill have been calling over to agencies to ask that parcels of already-approved funding go to their districts. “The people who should love earmarks the most are conservatives,” says Kelly. “What this is about is making sure things are adapted to local conditions.”


Late last year, Cole worked with other senior Republicans to return some kind of limited earmarking authority to the House. Says Cole, “You have to spend millions to save billions.” That’s not going to happen. The effort failed, and the House has since passed rules that keep pork off the table.


The bottom line: Politicians and the public have long complained about earmarks, but there was less dysfunction in Washington when they were allowed.


Businessweek.com — Top News





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INSIGHT Named as Food Logistics’ Top IT Provider for 9th Consecutive Year






MANASSAS, VA–(Marketwire – Jan 15, 2013) – INSIGHT, Inc., a top international provider of supply chain planning solutions for the world’s foremost companies, announces being named to the Food Logistics‘ Top 100 IT Provider list for the ninth consecutive year. INSIGHT was chosen for its robust strategic solutions that empower clients to achieve operational excellence with healthier profits.


“Fifteen of the 25 largest food and beverage companies use INSIGHT’s solutions within their supply chains, validating our commitment to deliver genuine value for customers with optimized supply chain networks that reduce costs, improve cash flow, streamline operations, and deliver high service levels,” said Dr. Jeff Karrenbauer, president of INSIGHT. “We are pleased to be once again selected for this prestigious award.”






Each year, the editors of Food Logistics recognize 100 technology and solution providers that help grocery and food service distributors and manufacturers drive efficiencies and visibility in their supply chain operations. The Food Logistics Top 100 listing provides a guide for decision-making grocery and food service distribution and manufacturing executives. After receiving nomination forms from end users and solution providers, the editorial staff sifted through the submissions to compile this year’s listing. Final recipients are featured in the November-December 2012 issue of Food Logistics, as well as online at http://www.foodlogistics.com.


INSIGHT provides strategic supply chain design optimization, including green supply chain design, giving the ability for companies to take a comprehensive look at a supply chain and create a plan that minimizes energy usage, lowers carbon emissions, and incorporates waste reclamation. INSIGHT provides the master production planning component for all of Kellogg’s North American plants, while the company’s custom optimization component is used by Anheuser-Busch to plan all packaging and distribution from breweries to over 900 North American distributors.


About INSIGHT, Inc.


INSIGHT, Inc. provides optimization-based supply chain analytics and consulting services to meet today’s dynamic business challenges. Founded by supply chain and operations research experts in 1978 to apply world-class technology with intelligence and rigor to decision making, INSIGHT solves the complex supply chain strategic, tactical, and financial planning management issues of the world’s foremost companies, including many of the Fortune 100 firms, such as ExxonMobil, Nestle, and BASF. Our software and services help firms minimize costs, maximize profits, free up capital, streamline operations, and increase customer service levels. For more information, please visit us on the Web at http://www.insightoutsmart.com.


Marketwire News Archive – Yahoo! Finance





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Stock futures fall as earnings, data eyed


NEW YORK (Reuters) -


U.S. stock index futures slipped on Tuesday as investors faced what is expected to be a lackluster earnings season, while a batch of economic data was on tap for later in the morning, including retail sales and regional manufacturing.


Fiscal and monetary policy were also at the forefront of investors' minds. On Monday, President Barack Obama rejected any negotiations with Republicans over raising the U.S. borrowing limit. The United States could default on its debt if Congress does not increase the borrowing limit.


Speaking separately on Monday, Federal Reserve Chairman Ben Bernanke urged lawmakers to raise the debt ceiling. The central bank chairman also gave a cautiously optimistic outlook for U.S. growth but no clear hints on when the Fed would curb its aggressive bond purchases.


Corporate earnings season picks up the pace this week and investors are bracing for disappointment. Analyst estimates for the quarter have fallen sharply since October. S&P 500 earnings growth is now seen up just 1.9 percent from a year ago, Thomson Reuters data showed.


Shares of Dell rose 3.8 percent to $12.76 in premarket trade the day after sources said the company is in talks with private equity firms on a potential buyout.


S&P 500 futures fell 4.8 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 were down 16 points, and Nasdaq 100 futures lost 6.75 points.


Homebuilder Lennar reported profit that beat expectations amid a jump in new home orders.


Reports on U.S. retail sales and producer prices for December, as well as manufacturing activity in New York state for January were due at 8:30 am ET (1330 GMT). Business inventories for November will be released at 10:00 am ET.


(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)



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AP source: Lance Armstrong tells Winfrey he doped


AUSTIN, Texas (AP) — Lance Armstrong has finally come clean.


After years of bitter and forceful denials, he offered a simple "I'm sorry" to friends and colleagues and then admitted he used performance-enhancing drugs during an extraordinary cycling career that included seven Tour de France victories.


Armstrong confessed to doping during an interview with Oprah Winfrey taped Monday, just a couple of hours after an emotional apology to the staff at the Livestrong charity he founded and was later forced to surrender, a person familiar with the situation told The Associated Press. The person spoke on condition of anonymity because the interview is to be broadcast Thursday on Winfrey's network.


The confession was a stunning reversal for the proud athlete and celebrity who sought lavish praise in the court of public opinion and used courtrooms to punish his critics.


For more than a decade, Armstrong dared anybody who challenged his version of events to prove it. Finally, he told the tale himself after promising over the weekend to answer Winfrey's questions "directly, honestly and candidly."


Winfrey was scheduled to appear on "CBS This Morning" on Tuesday morning to discuss the interview. She tweeted shortly after the interview: "Just wrapped with (at)lancearmstrong More than 2 1/2 hours. He came READY!"


The cyclist was stripped of his Tour de France titles, lost most of his endorsements and was forced to leave Livestrong last year after the U.S. Anti-Doping Agency issued a damning, 1,000-page report that accused him of masterminding a long-running doping scheme.


The International Cycling Union, or UCI, issued a statement on Tuesday saying it was aware of the media reports that Armstrong had confessed to Winfrey. The governing body for the sport urged Armstrong to tell his story to an independent commission it has set up to examine claims it covered up suspicious samples from the cyclist, accepted financial donations from him and helped him avoid detection in doping tests.


Armstrong started Monday with a visit to the headquarters of the Livestrong charity he founded in 1997 and turned into a global force on the strength of his athletic dominance and personal story of surviving testicular cancer that had spread to his lungs and brain.


About 100 Livestrong staff members gathered in a conference room as Armstrong told them "I'm sorry." He choked up during a 20-minute talk, expressing regret for the long-running controversy tied to performance-enhancers had caused, but stopped short of admitting he used them.


Before he was done, several members were in tears when he urged them to continue the charity's mission, helping cancer patients and their families.


"Heartfelt and sincere," is how Livestrong spokeswoman Katherine McLane described his speech.


Armstrong later huddled with almost a dozen people before stepping into a room set up at a downtown Austin hotel for the interview with Winfrey. The group included close friends and lawyers. They exchanged handshakes and smiles, but declined comment and no further details about the interview were released because of confidentiality agreements signed by both camps.


Winfrey has promoted her interview, one of the biggest for OWN since she launched the network in 2011, as a "no-holds barred" session, and after the voluminous USADA report — which included testimony from 11 former teammates — she had plenty of material for questions. USADA chief executive Travis Tygart, a longtime critic of Armstrong's, called the drug regimen practiced while Armstrong led the U.S. Postal Service team "the most sophisticated, professionalized and successful doping program that sport has ever seen."


USADA did not respond to requests for comment about Armstrong's confession.


Hein Verbruggen, the former president of the International Cycling Union, said Tuesday he wasn't ready to speak about the confession.


"I haven't seen the interview. It's all guessing," Verbruggen told the AP. "After that, we have an independent commission which I am very confident will find out the truth of these things."


For years, Armstrong went after his critics ruthlessly during his reign as cycling champion. He scolded some in public and didn't hesitate to punish outspoken riders during the race itself. He waged legal battles against still others in court.


At least one of his opponents, the London-based Sunday Times, has already filed a lawsuit to recover about $500,000 it paid him to settle a libel case, and Dallas-based SCA Promotions, which tried to deny Armstrong a promised bonus for a Tour de France win, has threatened to bring another lawsuit seeking to recover more than $7.5 million awarded by an arbitration panel.


In Australia, the government of South Australia state said Tuesday it will seek the repayment of several million dollars in appearance fees paid to Armstrong for competing in the Tour Down Under in 2009, 2010 and 2011.


"We'd be more than happy for Mr. Armstrong to make any repayment of monies to us," South Australia Premier Jay Weatherill said.


Betsy Andreu, the wife of former Armstrong teammate Frankie Andreu, was one of the first to publicly accuse Armstrong of using performance-enhancing drugs. She called news of Armstrong's confession "very emotional and very sad," and choked up when asked to comment.


"He used to be one of my husband's best friends and because he wouldn't go along with the doping, he got kicked to the side," she said. "Lance could have a positive impact if he tells the truth on everything. He's got to be completely honest."


Betsy Andreu testified in SCA's arbitration case challenging the bonus in 2005, saying Armstrong admitted in an Indiana hospital room in 1996 that he had taken many performance-enhancing drugs, a claim Armstrong vehemently denied.


"It would be nice if he would come out and say the hospital room happened," Andreu said. "That's where it all started."


Former teammate Floyd Landis, who was stripped of the 2006 Tour de France title for doping, has filed a federal whistle-blower lawsuit that accused Armstrong of defrauding the U.S. Postal Service. An attorney familiar with Armstrong's legal problems told the AP that the Justice Department is highly likely to join the lawsuit. The False Claims Act lawsuit could result in Armstrong paying a substantial amount of money to the U.S. government. The deadline for the department to join the case is Thursday, though the department could seek an extension if necessary.


According to the attorney, who works outside the government, the lawsuit alleges that Armstrong defrauded the U.S. government based on his years of denying use of performance-enhancing drugs. The attorney spoke on condition of anonymity because the source was not authorized to speak on the record about the matter.


The lawsuit most likely to be influenced by a confession might be the Sunday Times case. Potential perjury charges stemming from Armstrong's sworn testimony in the 2005 arbitration fight would not apply because of the statute of limitations. Armstrong was not deposed during the federal investigation that was closed last year.


Armstrong is said to be worth around $100 million. But most sponsors dropped him after USADA's scathing report — at the cost of tens of millions of dollars — and soon after, he left the board of Livestrong.


After the USADA findings, he was also barred from competing in the elite triathlon or running events he participated in after his cycling career. World Anti-Doping Code rules state his lifetime ban cannot be reduced to less than eight years. WADA and U.S. Anti-Doping officials could agree to reduce the ban further depending on what information Armstrong provides and his level of cooperation.


___


Litke reported from Chicago. Pete Yost in Washington also contributed to this report.


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Is China easing up on local media?




A protester calls for greater media freedom outside the headquarters of Nanfang Media Group in Guangzhou on Jan. 9.




STORY HIGHLIGHTS


  • Young: Handling of Southern Weekly row demonstrated tolerant side of new leadership

  • Traditional, newer media can serve as tools for achieving goals in China's modernization

  • The fight against corruption in China is at the top of the list for incoming leader, Xi Jinping

  • Young: Media has also emerged as an important tool for combating other social problems




Editor's note: Doug Young teaches financial journalism at Fudan University in Shanghai and is the author of The Party Line: How the Media Dictates Public Opinion in Modern China published by John Wiley & Sons. He also writes daily on his blog, Young's China Business Blog, commenting on the latest developments in China's fast-moving corporate scene.


Shanghai, China (CNN) -- China's traditional iron-handed approach to the media has taken a surprise turn of tolerance with Beijing's soft handling of a recent dispute with local reporters, in what could well become a more open attitude toward the media under the incoming administration of presumed new President Xi Jinping.


The new openness is being driven in large part by pragmatism, as the government realizes that both traditional and newer media can serve as powerful tools for achieving many of its goals in the country's modernization.


The recent conflict between reporters at the progressive Southern Weekly and local propaganda officials over a censorship incident left many guessing how the government would respond to the first clash of its kind in China for more than 20 years. The result was a surprisingly mild approach, including mediation by a high-level government official and a vague promise for less censorship in the future.


Read: Censorship protest a test for China


The unusually tolerant tack could well reflect a new attitude by Xi and other incoming leaders set to take control of China for the next decade, all of whom have come to realize the media can serve many important functions beyond its traditional role as a propaganda machine.


At the top of Xi's list is the fight against corruption, a problem he has mentioned frequently since taking the helm of the Communist Party last year. The party has tried to tackle the problem for years using its own internal investigations, but progress was slow until recently due to protection many officials received through their own sprawling networks of internal relationships, known locally as guanxi.










Read: Corruption as China's top priority


All that began to change in the last two years with the rapid rise of social media, most notably the Twitter-like microblogs known as Weibo that are now a pervasive part of the Chinese Internet landscape and count hundreds of millions of ordinary Chinese among their users. Those social media have become an important weapon for exposing corruption, allowing thousands of ordinary citizens to pool their resources and build cases against officials they suspect of using their influence for personal gain.


This increasingly sophisticated machine was on prominent display last year in a case involving Yang Dacai, a local official in northwestern Shaanxi province who infuriated the online community by smiling at the site of a horrific accident scene. Netizens quickly turned their outrage into an online investigation, and uncovered photos of him wearing several luxury watches he could hardly afford on his government salary. As a result, the government ultimately opened an investigation into the matter and Yang was sacked from his posts.


In addition to its role in battling corruption, the media has also emerged as an important tool for combating and addressing many of the other social problems that China is facing in its rapid modernization. Barely a week goes by without a report on the latest national food safety scandal or case of illegal pollution in both traditional and social media, with such reports often followed by government investigations.


Beijing leaders have also discovered that the media can also be an important vehicle for improving communication between the government and general public -- something that was a low priority in previous eras when officials only cared about pleasing their higher-up party bosses.


Following a Beijing directive in late 2011, most local government agencies and other organizations have all established microblog accounts, which they use to keep the public informed about their latest activities and seek feedback on upcoming plans. Such input has become a valuable way to temper traditional public mistrust toward the government, which historically didn't make much effort to include the public in any of its internal discussions.


Lastly, the government has also discovered that media, especially social media, can be an effective tool in gauging public opinion on everything from broader national topics like inflation down to very local issues like land redevelopment. Such feedback was difficult to get in the past due to interference by local officials, who tried to filter out or downplay anything with negative overtones and play things up to their own advantage. As a result, central government officials often received incomplete pictures of what was happening in their own country.


With all of these valuable roles to play, the media has become an increasingly important part of Beijing's strategy in executing many of its top priorities.


The government also realizes that a certain degree of openness is critical to letting the media perform many of those roles, which may explain its relatively tolerant approach in the recent Southern Weekly conflict. Such tolerance is likely to continue under Xi's administration, helping to shift more power towards a field of increasingly emboldened reporters at both traditional and new media and away from their traditional propaganda masters.


Follow @CNNOpinion on Twitter.


Join us at Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of Doug Young.






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“Struck by Lightning” review: Chris Colfer’s coming-of-age comedy not just for Gleeks






LOS ANGELES (TheWrap.com) – Want to feel like a layabout and as if you’re already way behind schedule in your life?


At just 22 years of age, Chris Colfer has starred in a TV series, “Glee,” for the past four seasons, winning a Golden Globe award and two Emmy nominations for his performance in the breakout role of gay high-school chorister Kurt Hummel.






Now Colfer has written a movie and stars in it and – here’s where the rest of us can start feeling like slackers – “Struck by Lightning” is smart, amusing, modestly scaled and will appeal to a wider audience than just Gleeks who adore Colfer and the Fox series.


Borrowing a page from “Sunset Boulevard,” Colfer begins his slight coming-of-age comedy by letting us know that his character, 17-year old Carson Phillips, is already dead. Carson, a high-school senior with literary ambitions, departs this earth thanks to lightning bolt that strikes his car.


The rest of the movie is an extended flashback to his final year of high school, during which Carson, an outcast, starts a literary journal, hoping his effort will impress the admissions committee at a fancy college sufficiently to approve his application.


The problem? None of his classmates want to contribute. Carson gets around this hurdle by digging up enough dirt to blackmail many of the school’s more popular kids — a jock, cheerleader and goth girl – into joining his endeavor.


The comedy, directed by Brian Dannelly (Showtime’s “Weeds”), sometimes gets more complicated than it needs to be and often feels a wee bit smug, but on the whole this is a promising first effort.


The supporting cast, which includes Rebel Wilson as Carson’s best friend, Allison Janney as his out-of-it single mother, Dermot Mulroney as his absent father and Christina Hendricks as dad’s new wife, all provide solid support, with Wilson, a skilled clown, earning the lion’s share of the laughs.


The 84-minute movie opens in theaters in New York and Los Angeles and several other cities on Friday. It has been available on VOD since December 19.


TV News Headlines – Yahoo! News




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