Clinton heading to UN to condemn Assad regime

WASHINGTON (AP) ? Secretary of State Hillary Rodham Clinton says she'll attend a U.N. Security Council meeting Tuesday to lend her support to Syrians seeking democratic change.

Clinton says the U.S. will support an Arab-backed condemnation of President Bashar Assad's regime. She says Assad is blocking a peaceful transition by attacking the Syrian people, and warned that instability could spill over throughout the Mideast.

Assad's regime is intensifying an assault against army defectors and protesters. The U.N. says more than 5,400 people have been killed in a crackdown since March. More than 190 were killed in the past five days.

Clinton's statement condemned the Assad regime's escalation of violence "in the strongest possible terms." She called the shelling of civilian areas with mortar and tank fire "brutal" and said whole buildings were leveled.

Associated Press

Source: http://hosted2.ap.org/apdefault/386c25518f464186bf7a2ac026580ce7/Article_2012-01-30-US-Syria/id-a232cf61abea436e9c13a439c1916b5b

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BSkyB to launch online TV service (Reuters)

LONDON (Reuters) ? BSkyB, Britain's dominant pay-TV group, is to launch an online offering to enable it to better take on the likes of Lovefilm and Netflix, following some signs of slowing growth at its main satellite business.

BSkyB said on Tuesday it would launch the new service to tap in to the 13 million homes which do not pay for its television service, offering movies and sports without the need for a contract or satellite dish.

BSkyB made the announcement as it revealed it had added 40,000 net new customers to its main TV service in the second quarter, slightly below expectations despite being helped by strong customer loyalty.

With a strong focus on cost control and a new strategy of selling more products to existing customers, the group however posted strong first-half results and increased its dividend.

"Sky shares should bounce on strong financial and operating trends but medium-term worries will persist, potentially exacerbated rather than assuaged by Sky proposing to retail BT's Infinity and to introduce a broadband-delivered low-cost Sky Movies product," analysts at investment bank Morgan Stanley said in a note.

Shares in BSkyB were up 3 percent at 685.5 pence by 4:37 a.m. ET, having fallen 11 percent year to date over fears the group would have to invest in faster broadband services, spend heavily to acquire soccer rights and compete with the likes of Lovefilm.

On Tuesday BSkyB said instead of investing in its own fiber network it would use BT Group Plc's superfast infrastructure known as BT Infinity on a wholesale basis to offer its customers speeds of 40 megabits per second.

SUPERFAST SPEEDS

The faster broadband speeds, which have proved popular with customers of rival Virgin Media inc, could help compliment BSkyB's push in watching more content online.

BSkyB has offered its own customers the opportunity to watch programming online before, but the push to offer its content to non-Sky customers is a new tactic for the group.

It follows the recent launch of the U.S. online DVD rental company Netflix Inc in Britain and Ireland, which prompted Amazon-owned rival Lovefilm to offer a new cut-price service. BSkyB has not yet set out its pricing plans.

The new offering will launch in the first half of 2012 and will enable customers to watch Sky content including movies and eventually sports on a range of flexible tariffs and without signing a contract.

BSkyB -- which also said it would create 1,300 new jobs in Britain and Ireland in a drive to improve customer service -- has grown through the economic downturn by attracting consumers to its range of sports, movies and broadband, but it has started to show signs of slowing in recent quarters.

The 40,000 net new customers added in the second quarter was above the 26,000 it added in the first quarter but below the 140,000 added in the second quarter a year ago. Analysts had expected net new TV customers of 58,000.

To balance out the slowing growth it sold an increasing number of different services to existing customers, such as high-definition TV or broadband, enabling it to post strong first-half results.

Revenue was up 6 percent to 3.4 billion pounds ($5.3 billion) and adjusted operating profit grew 16 percent to 601 million.

"Amidst all the Netflix noise comes a reminder that Sky is not about to give up its crown lightly," said Richard Hunter, head of equities at brokerage Hargreaves Lansdown. "The launch of its online offering further complements its existing technical reach alongside the potential for new customers.

"The positive reaction to today's news should at least consolidate the market consensus of the shares as a cautious buy."

The company did not make any new comment on the position of its chairman James Murdoch, who has come under pressure for his handling of a phone hacking scandal at News Corp's UK newspaper arm. News Corp owns almost 40 percent of BSkyB.

($1 = 0.6377 British pounds)

(Editing by Matt Scuffham and David Holmes)

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/nm/20120131/tv_nm/us_bskyb

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EU leaders to discuss growth as Greece case looms (AP)

BRUSSELS ? European leaders will try to come up with ways to boost growth despite steep budget cuts across the continent when they meet in Brussels on Monday.

The 27 heads of state and government will get a taste of the popular frustration with austerity and high unemployment as they try to get to the summit in a city paralyzed by strikes.

While the official theme of Monday's meeting is boosting growth and jobs, the elephant in the room will be Greece.

Leaders aren't expected to make any decisions on a new massive bailout for Greece until international debt inspectors have issued a new report on the country's finances.

Athens' euro partners have grown frustrated with its slack implementation of spending cuts and reforms almost two years after first receiving international aid.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120130/ap_on_bi_ge/eu_europe_financial_crisis

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`Beasts of the Southern Wild' wins at Sundance (AP)

PARK CITY, Utah ? A mythical film starring an 8-year-old girl and a documentary about the war on drugs took top honors at the Sundance Film Festival.

"Beasts of the Southern Wild" won the grand jury prize in the U.S. dramatic competition, and "The House I Live In" won the same honor in the U.S. documentary category Saturday at the independent film festival's awards ceremony.

Directed and co-written by 29-year-old first-time filmmaker Benh Zeitlin, "Beasts of the Southern Wild" follows a girl named Hushpuppy who lives with her father in the southern Delta. The film also won the cinematography prize.

Zeitlin said he was grateful to the Sundance Institute and labs, where he worked on the film for more than three years.

"This project was such a runt, this sort of messy-hair, dirty, wild child, and we just have been taken care of and just eased along until we were ready to stand up on our own," he said in an interview after the ceremony. "It's just great that it happened here. This is the right place for the world to meet the film."

Zeitlin described his spunky young star, Quvenzhane Wallis, as "the biggest person I know." She said she is ready to be a movie star, but first will be going back to third grade.

Fox Searchlight acquired the film earlier this week.

Eugene Jarecki's documentary "The House I Live In" examines the social, human and financial costs of the war on drugs. The filmmaker won the same award in 2005 for his documentary "Why We Fight."

As he accepted his award, Jarecki called the war on drugs "tragically immoral, heartbreakingly wrong and misguided."

"If we're going to reform things in this country, putting people in jail for nonviolent crime, in many cases for life without parole, for possession of a drug, for sentences longer than is now given for murder in this country, must end," he said.

Kirby Dick's documentary about rape in the military, "The Invisible War," won the audience award, as did Ben Lewin's heartfelt drama "The Surrogate," which stars John Hawkes as a paralyzed 38-year-old man who hires a sex surrogate, played by Helen Hunt, to help him lose his virginity. Fox Searchlight acquired that film, too.

"I don't think most people have ever seen this sort of story before," Lewin said after the ceremony. "I think it was very new and unexpected... From the experiences I've had seeing it with an audience, it seems to be a real emotional ride."

"The Surrogate" also won a special jury prize for its ensemble cast.

World cinema jury prizes went to the documentary "The Law in These Parts," about Israel's legal system in occupied Palestinian territories, and the drama "Violeta Went to Heaven," about Chilean musician Violeta Parra.

The audience favorites in world cinema were the documentary "Searching for Sugar Man," which also won a special jury award, and the drama "Valley of the Saints," which also claimed the Alfred P. Sloan film prize. A second winner of the Sloan Award, which recognizes films with science as a theme or a scientist as a major character, was "Robot and Frank." The film, which premiered at Sundance, stars Frank Langella as a retired jewel thief who befriends the caretaker robot his children have given him, eventually bringing the robot along on his illegal outings.

Other winners:

? U.S. drama directing award: Ava DuVernay, "Middle of Nowhere."

? U.S. documentary directing award: Lauren Greenfield, "The Queen of Versailles."

? World cinema drama directing award: Mads Matthiesen, "Teddy Bear."

? World cinema documentary directing award: Emad Burnat, Guy Davidi, "5 Broken Cameras."

? U.S. drama screenwriting award: Derek Connolly, "Safety Not Guaranteed."

? World cinema screenwriting award: Marialy Rivas, Camila Gutierrez, Pedro Peirano, Sebastian Sepulveda, "Young & Wild."

? U.S. documentary editing award: Enat Sidi, "Detropia."

? World cinema editing award: Lisanne Pajot, James Swirsky, "Indie Game: The Movie."

? U.S. documentary cinematography award: Jeff Orlowski, "Chasing Ice."

? World cinema drama cinematography award: David Raedeker, "My Brother the Devil."

? World cinema documentary cinematography award: Lars Skree, "Putin's Kiss."

? U.S. drama special jury prize for producing: Andrea Sperling and Jonathan Schwartz, "Smashed" and "Nobody Walks."

? U.S. documentary special jury prizes: "Love Free or Die," "Ai Weiwei: Never Sorry."

? World cinema drama special jury prize: "Can."

? Short film audience award: "The Debutante Hunters."

? Best of NEXT audience award: "Sleepwalk With Me."

___

Follow Entertainment Writer Sandy Cohen at www.twitter.com/APSandy.

___

Online:

http://www.sundance.org/festival/

Source: http://us.rd.yahoo.com/dailynews/rss/movies/*http%3A//news.yahoo.com/s/ap/20120129/ap_en_mo/us_film_sundance_awards

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Romney holds 8-percentage point lead in Florida (Reuters)

JACKSONVILLE, Florida (Reuters) ? Presidential candidate Mitt Romney has opened up a lead of 8 percentage points over rival Newt Gingrich in a Reuters/Ipsos poll in Florida, as he regains front-runner status in the Republican race.

The online poll released on Friday showed Romney, a former Massachusetts governor and private-equity executive, ahead of Gingrich by 41 percent to 33 percent among likely voters in Florida's January 31 Republican primary.

It confirms Romney's recovery in polls, aided by strong debate performances, after a stinging defeat at the South Carolina primary vote last weekend.

Former Pennsylvania Senator Rick Santorum trails with 13 percent and Texas Congressman Ron Paul would get 5 percent of the vote.

"We've had a pretty wild ride here throughout this primary process but right now in Florida it looks like Romney's back on top," said Chris Jackson, research director for Ipsos Public Affairs.

Other polls in Florida have shown Romney pulling ahead of Gingrich, a former speaker of the House of Representatives.

The Reuters/Ipsos poll was conducted on Thursday and Friday, partially capturing likely voters after the most recent debate in Jacksonville where Romney was seen as a clear winner.

Statistical margins of error are not applicable to online surveys but this poll of 732 likely voters has a credibility interval of plus or minus 4.2 percentage points.

GINGRICH STRONGER IN HEAD-TO-HEAD

Conservatives are still somewhat splintered. The poll found that Gingrich and Romney would be virtually tied if Santorum and Paul dropped out of the race.

Romney would win by 50 percent to 48 percent if the race were just between him and Gingrich.

Gingrich has also suffered in recent days from high-profile allies of Romney criticizing the former speaker's tenure in Congress, as well as from a barrage of attack advertisements against him.

Florida allows voters to cast their ballots by mail ahead of time, and 29 percent said they had already done so. Romney led Gingrich by 7 percentage points among this group. Among those who have yet to vote, Romney held a 9-point lead.

Questions in the poll include whether participants voted in previous elections, their likelihood of voting in the upcoming election and their interest in following news about the campaign.

Friday's Reuters/Ipsos survey is the first of four daily tracking polls being released ahead of Tuesday's primary.

(Editing by Alistair Bell; Editing by Sandra Maler)

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/nm/20120128/pl_nm/us_usa_campaign_poll

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Would your city want a nuclear waste site?

If the price is right, would your town want a nuclear waste site?

A panel of experts said today that finding a volunteer community is the best way to pick a place for a waste repository that could outlast human civilization. The site would store spent nuclear fuel that has been piling up at the nation's 104 nuclear reactors.

The President's Blue Ribbon Commission on America's Nuclear Future released its final report Thursday with eight key recommendations about how to kick-start a federal waste disposal policy that it says "has been troubled for decades and has now all but completely broken down."

Congress picked Yucca Mountain, Nev., as a permanent repository in 2002, but the Obama administration nixed the plan in 2010 after disputes with state officials. Even with the closure, the Department of Energy will have spent $10 billion on Yucca Mountain by 2020, according to estimates by the General Accountability Office.

The nuclear waste panel said that it's better to convince a local town or tribe to take the facility, rather than selecting a site and then trying to convince local residents afterward.

"I don't have a secret recipe," said Allison Macfarlane, a panel member and environmental science professor at George Mason University. "But the community should get what they want, jobs, university scholarships, the options are endless."

Macfarlane cited two successful examples. In the 1970s, residents of Carlsbad, N.M., agreed to host a disposal site for waste generated by the nearby nuclear weapons labs. After decades of delays, the Waste Isolation Pilot Plant (WIPP) began taking shipments in 1998.

The town got 1,300 jobs, several factories and a youth sports complex ? as well as $300 million in highway funds.

In Sweden, federal officials tried several times to site a long-term waste disposal site until they asked for volunteers. Two communities vied for the project, which is now under way.

Macfarlane said that state governments have to be on board before moving forward. Opposition from state officials in both Nevada and Utah killed previous plans for nuclear waste sites.

ANALYSIS: Is Nuclear Energy Safe?

Consumers have been paying a tax on their utility bills from nuclear-generated electric power to build such a long-term storage site for several decades. Katrina McMurrian is executive director of the Nuclear Waste Strategy Coalition, a group of utilities, state officials and advocacy groups pushing for a disposal location. She says now it's time for the government to step up and get the job done.

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"Rate-payers across the country have been paying to have this taken care of in return for a resting place established for used nuclear fuel," McMurrian said. "We simply want the government to make good on its promise."

The new report said deep geologic disposal is the best way to safely store spent nuclear fuel, material that will remain radioactive for tens of thousands of years. Big metal canisters made of either stainless steel (France), copper-steel (Sweden) or a nickel-chromium-molybdenum alloy (planned for Yucca Mountain) would be lowered into a mine 900 feet to 2500 feet below ground.

The canisters could be put into granite, clay or salt, as long as the surrounding formations are geologically stable, Macfarlane said. That means below potable groundwater, away from heat sources and fissures.

Ideas for putting nuclear waste under the seabed or in orbit were rejected as either in violation of international treaties (sea) or too risky (space).

"We can't send up every single rocket with a 100 percent guarantee that it won't blow up," Macfarlane said.

? 2012 Discovery Channel

Source: http://www.msnbc.msn.com/id/46168836/ns/technology_and_science-science/

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UN Security Council to discuss Syrian crisis (AP)

UNITED NATIONS ? The U.N. Security Council will discuss the crisis in Syria during an unexpected meeting Friday afternoon, French and other diplomats said.

The French mission to the U.N. said in a Twitter posting late Thursday that the council will meet at 3 p.m. "to discuss steps to take on the situation in Syria." The meeting was later confirmed by other diplomats and listed on an updated U.N. media schedule.

The U.N. says at least 5,400 have been killed in a monthslong Syrian government crackdown on civilian protests.

European diplomats have been meeting this week with diplomats from Arab countries, including Morocco and Qatar, on a resolution that would strongly back an Arab League bid to end the crisis.

"There is now a chance that the Security Council will finally take a clear stand on Syria. That is long overdue," German Foreign Minister Guido Westerwelle said Friday at the General Affairs Council in Brussels. The comments were provided by the German mission to the U.N.

Diplomats speaking on condition of anonymity because they were not authorized to be quoted by the media said a vote was not expected until at least next week.

On Tuesday, the Arab League secretary-general and Qatar's prime minister will brief the Security Council on the situation in Syria.

Permanent council members Russia and China used their veto powers last fall to block an earlier European resolution on Syria. On Friday, Russian Deputy Foreign Minister Gennady Gatilov was quoted by the ITAR-Tass news agency as saying Moscow will oppose a new draft U.N. resolution on Syria because it fails to take Kremlin's concerns into account.

The Arab-European draft resolution, obtained by The Associated Press, expresses support of the Arab League's Jan. 22 decision "to facilitate a political transition leading to a democratic, plural political system."

The draft does not mention sanctions, but calls for the adoption of unspecified "further measures, in consultation with the League of Arab States," if Syria does not comply within 15 days.

The draft also condemns the "continued widespread and gross violations of human rights and fundamental freedoms by the Syrian authorities" and demands that the Syrian government immediately stop all human rights violations.

The Arab League has sent observers to Syria, but the mission has been widely criticized for failing to stop the violence. Gulf states led by Saudi Arabia pulled out of the mission Tuesday, asking the Security Council to intervene because the Syrian government has not halted its crackdown.

The head of Arab League observers in Syria said in a statement that violence in the country has spiked over the past few days. Sudanese Gen. Mohammed Ahmed al-Dabi said the cities of Homs, Hama and Idlib have all witnessed a "very high escalation" in violence since Tuesday.

___

Associated Press writer Zeina Karam in Beirut contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/un/*http%3A//news.yahoo.com/s/ap/20120127/ap_on_re_us/un_un_syria

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Obama tax ideas face long odds ahead of election (Reuters)

WASHINGTON (Reuters) ? President Barack Obama's bid to get millionaires and multinational companies to pay more taxes may play well with many voters but it faces long odds in the deadlocked U.S. Congress.

Obama used his State of the Union speech on Tuesday to press the case for a new minimum 30 percent tax on Americans earning more than $1 million a year and for tougher treatment of corporations that move jobs out of the United States.

At the same time, he called for tax credits to lure jobs back to the United States.

"Right now, companies get tax breaks for moving jobs and profits overseas," Obama said. "Meanwhile, companies that choose to stay in America get hit with one of the highest tax rates in the world."

Obama, facing a tough re-election campaign, for several years has called for steeper taxes on corporations' foreign profits and closing what he calls tax loopholes that also benefit multinational companies.

Most of these ideas have stalled for years in Congress - even some Democrats say they can wait for a complete overhaul of the tax code.

A tax lobbyist affiliated with Democrats said real debate over the proposed tax changes would have to wait until after the November 6 presidential and congressional elections.

"They would only likely stand a chance in a broader corporate tax reform debate and I just don't think that tax reform is in the cards," the lobbyist said.

Obama and Republicans both say the tax code needs a major rewrite and lawmakers are laying the groundwork for such a reform, but the process is expected to take years. The 35 percent U.S. corporate rate is among the highest in the world and critics say it harms business competitiveness.

Obama is calling for a number of tax policies that could in theory appeal to Republicans, in the name of boosting the flagging economy. For example, he wants to trim tax rates for manufacturers and double a tax deduction for high-tech manufacturing - ideas that might gain some bipartisan backing.

But even that is unlikely in the current environment.

"Tempted as they may be by more tax cuts, anything that smacks of a deal with Obama, or a victory for Obama, especially one that undercuts their theme - however detached from the reality - that Obama is a tax-increaser, will be reflexively resisted by Republicans in both houses," said Norm Ornstein, a congressional watcher at the conservative American Enterprise Institute.

BUFFETT RULE

Probably the biggest tax change Obama outlined is a revamp of what he has called the Buffett rule, named for billionaire investor Warren Buffett, to ensure the wealthy pay what he calls a fair share of taxes. Obama proposed a minimum 30 percent tax on millionaires, and eliminating many tax deductions for them - including for housing, healthcare and childcare.

Buffett's secretary - famous for her boss's observation that she pays a higher tax rate than he does - sat in the congressional gallery as a guest of the White House to underscore the point.

A minimum 30 percent tax rate would be about twice the tax rate paid by Republican presidential candidate Mitt Romney in the past two years, according to filings he released on Tuesday.

Lower tax rates enacted under former Republican President George W. Bush are set to expire at the end of this year, setting up a fight over extending them in late 2012.

Obama and Democrats want to let the lower rates for the wealthy expire. Obama said given steep budget deficits, Americans face a choice.

"Do we want to keep these tax cuts for the wealthiest Americans? Or do we want to keep our investments in everything else?" Obama asked.

The top individual income tax rate is now 35 percent, but the superwealthy can enjoy lower rates in some cases if they earn most of their income from investments - as does Romney - which are subject to a 15 percent rate.

A version of Obama's so-called Buffett rule has been promoted by Democrats in Congress as a way to pay for extending the payroll tax cut, but has no chance of passing.

Obama had previously proposed limiting deductions for wealthier Americans to a certain percentage of their income, but he went further in Tuesday's speech to advocate cutting out certain tax breaks completely for millionaires.

Even before Obama spoke, Republicans were blasting the speech as a campaign event.

"No Bailouts, No Hand-outs, And No Cop-outs," read one congressional Republican press release.

(Editing by Mohammad Zargham)

Source: http://us.rd.yahoo.com/dailynews/rss/uscongress/*http%3A//news.yahoo.com/s/nm/20120125/ts_nm/us_usa_obama_speech_taxes

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Obama: America Should Support The Next Steve Jobs

In his State of the Union address tonight, President Obama laid out a blueprint for economic recovery, with numerous references to the technology sector. "An economy built to last is one where we encourage the talent and ingenuity of every person in this country," the President said, with Steve Jobs' wife (and Instagram's Mike Krieger) in attendance, That means women should earn equal pay for equal work. It means we should support everyone who?s willing to work; and every risk-taker and entrepreneur who aspires to become the next Steve Jobs."

Source: http://feedproxy.google.com/~r/Techcrunch/~3/WtDmtdCk5-o/

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Investing Advice: Twenty Common Sense Rules You Need To Follow

I get a lot of inquiries about investment help from people that aren't suitable for what I do or people who simply don't yet meet our minimums.? I hate having to turn folks away, especially loyal readers or people that truly need assistance and can't find anywhere to get it in an unbiased way.

So with that in mind, I'm laying out my?Twenty Common Sense Investing Rules.? Please understand that these are not intended to be taken as?Iron Law?applicable in all situations nor are they meant to be specifically geared toward any one person.? This list of rules is simply my accumulated common sense, learned in victory and defeat (lots of defeat) and it can be applied to a plain vanilla portfolio within one day.

The below is for ordinary investors, not professional traders or those aspiring to become professional traders...

1.? Buy mid-sized and large stocks that are growing earnings and revenue

2. Buy large and mega-sized stocks that are paying consistent dividends and have low debt-to-equity ratios

3. Read the news on your stocks once a week maximum, once a month minimum

4. The moment a stock disappoints you or makes you wish you hadn't bought it, sell it.? Immediately and regardless of price.? Life is too short to hope a bad decision reverses itself

5. Don't get?In or Out of the market, but modulate your exposure up and down as a function of what you think is happening.? Your guess based on all the available news and indicators is as good as anyone else's - and it is?more important?than anyone else's for sure because it is your money on the line

6. You should be willing to take a 20% drawdown on every dollar you have in the stock market.? Obviously being down 20% is not the goal, but it's the reality - it can happen at any time.? It's not a permanent loss but you need to invest as though it could be

7. Don't buy stocks trading over 30 times earnings or under 7 times earnings - something is wrong in both cases

8. Don't buy stocks with market caps under $500 million unless you are playing and can afford to lose 100% of that money

9. Sell any stock with a controversial development or red flag no matter what.? Let someone else be the hero that swoops in on a mispriced, misunderstood security.? You can cheer them on from the safety of the sidelines.? Earnings restatements, auditor resignations, massive unexpected earnings misses, filing delays, fraud allegations etc are all automatic sells.? Let's not act like there aren't 8000 other stocks to choose from in the market

10. Use ETFs to own sectors that are in favor as opposed to individual stocks, when a huge positive trend becomes apparent - you'll get the upside without the single-stock risk.? The aging population and increasing demand for energy are big, fat pitches - it's hard to swing and miss if you own big swathes of these industries via an ETF, make your life easier

11. Avoid all mutual funds except for asset allocators (balanced funds or go-anywhere can be very useful for investors).? Anything based on a discipline (value, growth) or a sector (tech, financial) or a cap size (large, small) is going to underperform its benchmark over the long-term, mean revert versus its peers and cost you more than you need to spend in internal expenses.? This is?fact?not opinion

12. Don't try to be a trader unless that's going to be your full-time gig.? Trading as a hobby is not the same as being a trader - and it's less fun than you might think.? If you've decided to become a trader, find a method and stick with it until you?can do it regularly

13. Pay no attention to people who are always pessimistic.? The dirty secret is that even when things are terrible, they aren't that bad.? 2008 was the worst sell-off and economic conundrum in 70 years and it only took 18 months for the market? to come all the way back.? If you fell asleep in 2007 and woke up now five years later, your diversified portfolio including dividend? income and unrealized gains/losses looks like nothing ever happened at all

14. Pay no attention to people who are always optimistic.? They are selling something.? if someone can't admit that things suck every once in a while, their cheerfulness has an ulterior motive.? Or they belong in an insane asylum

15. The financial media wants you to think you are missing out on something and that you need to tune in or click to get up to speed.? Pay attention only if you are generally interested and get some entertainment value out of it, most of the time the headlines and segments are dreamed up by editors and producers who need something interesting to talk about each day.? And that's fine, everybody has to earn a living - but don't think anyone is keeping you informed as a public service

16. Don't follow gurus. Don't buy software.? Don't buy DVDs. Don't listen to "Gut Traders". Read books by and about people who've been successful in the market - but only if you're interested. They won't help you become a better investor if you don't care that much to begin with

17. Remind yourself about the difference between investors and traders: Investors make trades when necessary, traders make trades in the course of doing business - that is what they do for a living and your goals are different than theirs.? You don't get paid out on closed positions or a daily p&l statement.

18. Don't trade for excitement even though trading can be exciting at times

19. Don't trade angry or for revenge (this motherf*cking stock owes me!)

20. When you finally do become wealthy, hire other people to do this for you and watch them.? Go about enjoying the short time we all have left on earth away from the screen. Kiss your kids and play tennis and read books and? get drunk during the day just because and go to Australia for a month and buy that car you drove in high school - fix it up and take your sweetheart for a ride. Don't spend that time reading about inverse correlations between German bund yields and the gold/oil ratio.? Because that's all masturbation and really, who gives a sh*t?

Look, the market always goes up given enough time.? It is very hard to find a decade during which returns were negative even though we're just coming off one now.? Stocks go up three out of four years and declines of twenty percent peak-to-trough are extremely rare (declines of 50% are even rarer still and are?always?a buying opportunity).? So for new or smaller investors?the name of the game is to stay in, do smart things while you're in and avoid blowing up.

It's that simple.

This post originally appeared at The Reformed Broker.?

Source: http://www.businessinsider.com/these-20-common-sense-investing-rules-will-give-you-a-huge-leg-up-on-the-competition-2012-1

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Michigan Report Shows Arts and Culture Spending Yields High Return (ContributorNetwork)

Creative State Michigan, an annual report by ArtServe, showed every dollar spent in Michigan on arts and culture repays the state back 50-fold. According to Michigan Radio, the purpose of the report was to demonstrate to lawmakers how profitable arts funding can be. Here are details about cultural-to-business connections in Michigan.

* Information was collected from the Michigan Cultural Data Project, state community foundations, charitable trust groups, area arts councils, public broadcasting, employment agencies and tourism bureau reports.

* Michigan has 2,000 nonprofit arts groups. The report examined 2009 fiscal year statistics gathered from 211 organizations and venues, including 32 of the state's top 50 earners, says ArtServe.

* In 2009, the state funding level was slightly less than $10 million. Michigan's arts budget has been cut by about 80 percent, Michigan Radio says.

* Arts venues generated more than $450 million in economic activity. Tourists spent more than $2 billion in Michigan on cultural attractions. That's more than tourism dollars earned from golf, skiing, hunting, fishing and boating combined, Michigan Radio says.

* Visitors attended 12,667,492 performances and cultural events. More than half of those were free visits, funded by government grants, state tax dollars and patron contributions.

* Nearly 2 million children in more than 25,000 school groups visited a cultural event. 797 programs come to schools through community outreach programs, ArtServe says. The average ticket cost was $6 for children and $18 for adults. Most venues also give teachers follow-up activities for classroom use for free.

* More than 31,000 people volunteer at arts events and exhibits and more than 330,000 support them with financial contributions.

* Arts venues also provide employment, ArtServe says. In 2009, unemployment hit record highs of 14 percent in Michigan, but employment at arts-related exhibits was up from 2006 to 2010. The 211 organizations that participated in the survey reported more than 15,000 jobs. Those jobs earned Michigan residents $152 million in 2009.

* Since 2006 arts-related businesses in Michigan have increased almost 33 percent. There are 24,306 establishments state-wide.

Marilisa Kinney Sachteleben writes about people, places, events and issues in her home state of "Pure Michigan."

Source: http://us.rd.yahoo.com/dailynews/rss/arts/*http%3A//news.yahoo.com/s/ac/20120124/en_ac/10869359_michigan_report_shows_arts_and_culture_spending_yields_high_return

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Ship search finds 12th body, captain's documents (AP)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

___

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

(This version CORRECTS Corrects misspelling 11th and 16th paragraphs. AP Video. This story is part of AP's general news and financial services.)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120121/ap_on_bi_ge/eu_italy_cruise_aground

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Off the Bench: Cutler, Cavallari are expecting

Jay Cutler is more accurate than we thought. The roller coaster relationship between the Chicago Bears quarterback and former Dancing With the Stars contestant Kristin Cavallari took another turn on Sunday when they made this joint statement to People Magazine.

?We are thrilled to announce we are expecting our first child together,? they tell PEOPLE exclusively. ?It?s an amazing time in our life and we can?t wait to meet the new addition to our growing family.?

For those keeping score at home, Cutler and Cavalleri were set to be married this past July, then broke up, then got re-engaged in November. This has all led to one of the best quotes of all time. Cutler in Dec., on their wedding plans:

?You guys probably know as well as I do, I don?t really make a lot of those decisions. I?m kind of just along for the ride. ? I hear about them in passing or if I have to possibly write a check or something of that sort. Other than that, whatever she wants to do, I?m on board.?

Source: http://offthebench.nbcsports.com/2012/01/23/jay-cutler-kristin-cavallari-are-expecting/related/

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[OOC] The Night Of The Vampire

Forum rules
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Please post all "Players Wanted" threads in the Roleplayers Wanted forum!

This topic is an Out Of Character part of the roleplay, ?The Night Of The Vampire?. Anything posted here will also show up there.

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Forum for completely Out of Character (OOC) discussion, based around whatever is happening In Character (IC). Discuss plans, storylines, and events; Recruit for your roleplaying game, or find a GM for your playergroup.

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Count me in! Is there a specific character skeleton we have to follow?

The Vampire Mistress

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Windows Phone Android iPhone Market Share - Business Insider

Windows Phone will surpass iPhone in market share in 2015, according to research firm iSuppli.

iSuppli attributes the giant increase in market share over the next few years "largely" to the introduction of the Nokia Lumia 900, which Nokia launched at CES last week in Las Vegas.

In 2015, Android will lead the two runners up by a very hefty margin with 58.1% market share.?

iSuppli joins Gartner and IDC, which made the same prediction last year (in April, and in March, respectively).

See below for the chart from iSuppli, via WMPowerUser:

Source: http://www.businessinsider.com/windows-phone-iphone-android-market-share-2012-1

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Cycling To Raise Funds for Cancer Patients | TopNews United States

It has been reported that as many as 7,000 cyclists would be taking part in the coming fundraising event with the aim of helping the researchers in conducting further research in the field of cancer. The cancer is a deadly disease, which leads to deaths of millions every year all over the world.

The cyclists would be ridding their cycles from Norwood to Adelaide Hills and the race would end at Tanunda, located in the Barossa Valley. In 2011, a similar event helps the Cancer Council to raise an amount of $400,000.

Brenda Wilson, the Chief Executive of the Cancer Council of chief executive of the Cancer Council was reported as saying, ?All of the people riding for a reason including myself have lobbied our friends and colleagues to support us in this ride and personally I think I've raised nearly $3,000 this year and there are a lot of people who have raised a lot more?.

It has been informed that the Opposition Leader and Sport Minister, Tony Abbott and Mark Arbib, respectively, would also be taking part in the event. Besides, many celebrities from the football field and other would also be taking part in the cycling event.

There are about 500 cyclists who have decided to take part in the event in the memory of their loved ones whom they lost to cancer. International visitors are also said to be taking part in the fund raising event.

Cancer has been taking its toll over the life of many for long. However, there is not any permanent cure for it. The money raised through the event would be directed towards Cancer Council and will be used towards improving the lives of cancer patients. So, this year do take part in the fund raising activities to help cancer patients relish their lives.

Source: http://topnews.us/content/245744-cycling-raise-funds-cancer-patients

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Washington St. women lose to No. 4 Stanford 75-41 (AP)

STANFORD, Calif. ? For nearly 18 minutes, Washington State coach June Daugherty saw just about everything she wanted to from her team.

The Cougars took everything No. 4 Stanford threw at them and even built an early lead against the Cardinal before it all fell apart in the second half. That's when Stanford coach Tara VanDerveer switched defenses and Washington State failed to adjust, losing 75-41 on Thursday night.

"I thought we really were on point as far as running our game plan (early)," Daugherty said. "We mixed up the defenses quite a bit and then offensively ... when we didn't have good shots, we spaced the floor, moved to cut a lot better and tried to force Stanford to play into the shot clock a little bit."

It's the second time in their last five games that the Cougars (9-9, 3-3 Pac-12) have gotten off to a quick start, only to see it go to waste in the second half.

Washington State didn't have a player in double figures, shot just 27.7 percent for the game and remained winless in 53 meetings against Stanford.

"I just thought they came out and were really aggressive," VanDerveer said of the Cougars. "I don't think the score indicates how well they played. I just think they got a little discouraged and we turned it up in the second half."

Shalie Dheenshaw had seven points to lead Washington State, which has lost three straight under Daugherty, a former Stanford assistant June Daugherty, since opening the Pac-12 schedule with three consecutive wins.

Nnemkadi Ogwumike had 22 points and 10 rebounds, Chiney Ogwumike added 19 points and 12 rebounds while Joslyn Tinkle had nine points, eight rebounds and four assists as the Cardinal extended their school-record home winning streak to 72 games.

Stanford (16-1, 7-0 Pac-12) looked ragged in the early going before Nneka Ogwumike provided a spark, scoring 12 points in the first nine minutes of the second half. She then sat out the rest of the game, finishing 9 for 19 from the floor and moving into sixth place on the Cardinal's career scoring list.

The Pac-12's top-shooting team going in, Stanford was out of sorts offensively for the first 14 minutes of the game. The Cardinal missed 18 of their first 24 shots, committed careless turnovers and trailed 16-13 before Ogwumike's steal and layup triggered a 16-2 run capped by Bonnie Samuelson's 3-pointer.

Ogwumike moved past Jeanne Ruark Hoff on Stanford's charts and now has 2,055 career points. She needs eight more to slip past Nicole Powell into fifth place and only 23 to move past Val Whiting.

The Cardinal got off to a slow start against the Cougars 3-2 zone before Nneka and younger sister Chiney got them going, both scoring and working the boards. The duo combined to match Washington State's scoring total and was especially tough inside.

Chiney, the conference player of the week, had eight points coming out of halftime and got an assist on a short pass in the key to Nneka during a 24-6 blitz by Stanford that put the game out of reach.

That helped overcome a rough night from Stanford's perimeter shooting. The Cardinal were only 4 of 20 on 3s.

Stanford also got a boost from its own defense, which held the Cougars to 27.3 percent shooting. VanDerveer, who has juggled her lineup in recent weeks, had the Cardinal move to a high 2-3 zone which gave Washington State fits.

"That's when we struggled the most," Daugherty said. "We missed some very easy layups and they stayed in it. Of course you'd stay in it when teams are missing easy layups."

As rough a start as Stanford had shooting in the first half, it was the defense that kept it from being much of an issue.

The Cardinal forced 11 turnovers and had six steals before halftime, two from Tinkle who broke up a pass in the key and fed Toni Kokenis with a long pass and easy layup just before the buzzer to give Stanford a 31-20 lead.

Washington State, which shot 30 percent in the first half, never recovered and extended its winless streak against Stanford.

Source: http://us.rd.yahoo.com/dailynews/rss/sports/*http%3A//news.yahoo.com/s/ap/20120120/ap_on_sp_co_ga_su/bkw_t25_washington_state

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Obama's Rejection of Pipeline Will Cost Jobs (ContributorNetwork)

COMMENTARY | The Obama administration has rejected the permit application for the 1,700-mile, $7 billion Keystone XL pipeline that would connect Canadian tar sands to oil refineries in Texas.

According to ABC News, Barack Obama blamed the rejection on the "rushed and arbitrary" deadline that was set by Congress. According to that deadline -- written into the legislation that extended the payroll tax cut in December -- Obama had 60 days to either approve the pipeline project or inform the public as to why it was not in the nation's best interest to do so.

I don't agree that Obama can blame this on Congress. I think this is entirely his deal and it's one that is going to come back to haunt him when the November election comes around. In a country that sorely needs jobs, this is no time to be patently rejecting the opportunity for thousands of jobs that this pipeline could provide. No one is asking to build it willy-nilly, Mr. Obama. No one is asking that we just forget any sort of environmental regulations and slap the thing down without care.

Interestingly, on the same day as the administration rejected the Keystone Pipeline, a press release was offered by the White House stating that energy independence has been a clear priority of the Obama Administration since day one. How so?

The press release cites significant progress being made to speed up the evaluation of oil and gas resources, to develop new industry incentives and to reduce our dependence on foreign oil overall. There's even a boast of the first oil and gas lease sale in the Gulf of Mexico since the oil spill. It seems I remember this administration going to great legal lengths to keep production from going on in the gulf with a moratorium. Seems I remember lawsuits, as well, over oil and gas leases, where the lease was accepted but work was prevented from being done via a tangle of environmental demands and bureaucratic red tape. Those things happened on Obama's watch and the jobs that were lost from them also happened on his watch. So, too, will the jobs lost from his Keystone decision.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ac/20120119/pl_ac/10852713_obamas_rejection_of_pipeline_will_cost_jobs

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Video: Christie: VP run not out of the question

>>> new jersey's governor chris christie campaigned for mitt romney in iowa and new hampshire. he's with us this morning exclusively.

>> good to be back, matt.

>> you're a full disclosure guy. you like it when politicians reveal their financial situations and tax returns . is mitt romney missing the boat?

>> i don't think he's going to. i think he'll release the taxes.

>> why wait?

>> the most relevant information is the most recent. he'll release when he files in april. that's going to be up to him. my practice all along is i release my tax returns every year as soon as they are filed.

>> the appearance here is you wait until april, the nomination would be secured by that time and you don't have to worry about fallout in the primaries.

>> he already started to speak yesterday about the rate he pays. i would say if you have tax returns to put out, you know, you should put them out sooner rather than later because it's always better in my view to have complete disclosure, especially as the front-runner.

>> for five years he's been talking about his trump card which he says is his business resum?, his ability to turn around companies to handle the economy. as you know his opponents are using what he sees as the trump card and making his achilles heel , attacking his days at bain capital . is it fair?

>> no. they're missing the boat. at the end of the day what governor romney did as the head of bain capital was help create jobs and turn around businesses. it's stunning to me somebody like newt gingrich would come out with the attacks he did. somebody who says he's in favor of american capitalism would come out with those attacks he's come out with.

>> to separate mitt romney and say he's part of the 11 1%, a wall street guy, a financial tycoon you think is unfair.

>> from a guy with a half million credit line at tiffany? that's a problem.

>> in 2009 you ran for governor against then governor john corzine with ads that labeled him a gordon gecco guy during his days at goldman sachs . isn't that a play out of your playbook?

>> no. he spent money to buy -- police call office. this is attacking the core of the way we try to build and turn around companies in a capitalist system . if the other candidates are so desperate they have no other message other than to attack somebody who created over 100,000 jobs in his career, their campaigns are bankrupt.

>> let's go to your state of the state address . you borrowed a phrase from mitt romney . you said, quote, the politics of envy have overtaken the imperative of opportunity. talk to me about that word "envy." i asked governor romney as well. why choose that word?

>> i chose that word because i have been using another word for a long time which is the politics of division. yesterday i used the politics of envy. the reason i did it is because what we are setting up is people don't want to feel badly about other people who are successful. they want the same success themselves. we need to set up a system like we are in new jersey where people can be just as successful as people already are.

>> why envy as opposed to unfairness?

>> this is what the president is setting up. he's saying the american pie is finite. if you don't like the size of the piece you have, only government can take more pie away from somebody else and give you a little bit and government keeps the rest.

>> as people raise questions about wall street , financial institutions and practices and the division of power and money in this country, you do not think it's about envy. you think it's about fairness?

>> if they raise questions about practices under the law which i spent a lot of time as u.s. attorney going after people in corporate america not acting within the law that's fair. that's not what you are talking about with mitt romney . the attack with mitt romney is somehow his concept of capitalism at bain was wrong and destructive when the facts show he created jobs at bain capital .

>> at your state of the state in new jersey you said, together we have done something trenton hasn't seen in a long time. we work together. we achieved compromise. talking about compromise and achieving it are two different things. we are in a climate where congress is as politically divided as it ever has been. americans seem to want people to get their act together. what you accomplish in new jersey, how can it be accomplished nationally?

>> only through presidential leadership. in the end what i have done as governor is bring the democrats into the room and say, they are not leaving until we come to a solution. there is a boulevard between getting what you want and compromising your principles. no one should compromise principles. but you will never get everything you want.

>> you don't think president obama tried to compromise?

>> listen, i don't think the president has showed leadership. simpson-bowles, he put it on the shelf. stimulus plan, turned it over to congress. the super committee, never got involved to make shg something happen. that's the tough part of leadership. giving speeches in the oval office is easy. getting in a room with mitch mcconnell , john boehner and other leaders of congress and saying, we are not leaving here until we get solutions. that's leadership and the president hasn't done it.

>> i hate to get into this subject because you're a good dancer and you danced over the presidential thing on the other of whether you would run as a vice president yal candidate to mitt romney , will you tell me now it is out of the question, it will not happen?

>> no. no, i won't. no matter how much you want me to. stop, matt. i have said all along i want to be governor of new jersey . if you're a betting guy, bet on me being governor of new jersey after 2012 . i think it is rude and wrong to say you wouldn't do something you haven't been asked to do.

>> have you had discussions with governor romney about it?

>> zero. my job is to help him become president of the united states . i don't want anything in return except for a better country.

>> if you can be part of achieving that as a running mate for mitt romney you would do it?

>> i could be a better part of doing it by leading new jersey to a rejuvenation of america. that's what we are trying to do. cut income taxes , reform education and bring people together. what we have done in new jersey more than anything else is you have seen the divided government can work. republicans and democrats can work together if there is strong executive leadership.

>> chris christie , always good to see you here.

Source: http://video.today.msnbc.msn.com/today/46037671/

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Upcoming, unauthorized Apple book speculates that Scott Forstall is next in line as Apple CEO

A forthcoming book, Inside Apple, suggests that the current Senior VP of iOS software Scott Forstall is likely to follow Tim Cook as Apple’s CEO. Described previously as a

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/FYYSKjr2y2A/story01.htm

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Obama administration rejects Keystone oil pipeline (Reuters)

WASHINGTON (Reuters) ? The Obama administration on Wednesday rejected the Keystone crude oil pipeline project, a decision welcomed by environmental groups but blasted by the domestic energy industry.

U.S. President Barack Obama said TransCanada's application for the 1,700-mile (2,740-km) pipeline was denied because the State Department did not have enough time to complete the review process.

"This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people," Obama said in a statement.

With environmental groups concerned about carbon emissions from oil sands production, the administration in November delayed a decision on a presidential permit for the project until 2013.

But lawmakers that support the project attached a measure to a tax-cut law passed at the end of last year that set a February deadline for a decision.

(Additional reporting By Timothy Gardner, Jeffrey Jones, Arshad Mohammed; Writing by Ayesha Rascoe; Editing by David Gregorio and Russell Blinch)

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/nm/20120118/wl_canada_nm/canada_us_keystone_decision

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