RIM’s BlackBerry 10 platform wins coveted U.S. security clearance
















TORONTO (Reuters) – Research In Motion Ltd said on Thursday it has won a much-coveted U.S. government security clearance for its yet-to-be launched platform for BlackBerry 10 devices that are expected to hit store shelves in the first quarter of 2013.


The company said its BlackBerry 10 platform has received the FIPS 140-2 certification, which would allow government agencies to deploy the devices, along with the new enterprise management platform to run the devices, as soon as the new smartphones are launched.













RIM, a one-time pioneer in the smartphone industry, has seen its fortunes fade in recent years as nimbler rivals such as Apple Inc and Samsung Electronics Co have taken the game away from RIM with faster and snazzier devices. RIM’s fate now depends almost entirely on the long-awaited line of so-called BB 10 devices.


Last month, RIM said it had begun carrier tests on the new line of devices, which the company hopes will help it regain some of the market share it has ceded to the likes of Apple’s iPhone and a slew of other devices that run on Google Inc’s Android operating system.


The Waterloo, Ontario-based company said this is the first time BlackBerry products have been FIPS certified ahead of launch.


“Achieving FIPS certification for an entirely new platform in a very short period of time, and before launch, is quite remarkable,” RIM’s head of security certifications, David MacFarlane, said in a statement.


FIPS certification, which is given by the National Institute of Standards and Technology, is one of the minimum criteria that is required for products used by U.S. government agencies and regulated industries that collect, store, transfer, share and disseminate sensitive information.


The stamp of approval gives confidence to security-conscious organizations – including some of RIM’s top clients like U.S. and Canadian government agencies – that the data stored on smartphones running BlackBerry 10 can be properly secured and encrypted.


RIM promises that BlackBerry 10 will deliver a better user experience, along with the ability to separately manage both one’s corporate and personal data on the same device.


(Reporting by Euan Rocha; Editing by Chris Gallagher)


Tech News Headlines – Yahoo! News



Read More..

Mom of “Modern Family” actress denies abuse claims
















LOS ANGELES (Reuters) – The mother of “Modern Family” star Ariel Winter on Wednesday denied that she abused her daughter after a judge temporarily placed the 14-year-old actress in her sister’s care.


“It’s all untrue, it’s all untrue,” Chris Workman, Winter’s mother, told People magazine. “I have my doctor’s letter that my daughter’s never been abused.”













According to court papers, a Los Angeles Superior Court judge last month put Winter, who plays the precocious teenager Alex Dunphy on the Emmy-winning TV comedy, under the temporary guardianship of her older sister, Shanelle Gray.


Celebrity website TMZ.com said Winter’s mother was alleged to have slapped and emotionally abused the teen, and had been ordered to stay away from her. Ariel has left her mother’s home, TMZ said.


Gray will retain guardianship of Winter at least until a November 20 hearing, a judge said.


Winter’s publicist did not return calls for comment on Wednesday.


“Modern Family” portrays the lives of three zany families and has won three consecutive Emmy award as American television’s best comedy series.


(Reporting By Eric Kelsey; Editing by Jill Serjeant)


TV News Headlines – Yahoo! News



Read More..

Obama’s health care overhaul turns into a sprint
















WASHINGTON (AP) — Its place assured alongside Medicare and Medicaid, President Barack Obama‘s health care law is now in a sprint to the finish line, with just 11 months to go before millions of uninsured people can start signing up for coverage.


But there are hurdles in the way.













Republican governors, opposed to what they deride as “Obamacare,” will have to decide whether they somehow can join the team. And the administration could stumble under the sheer strain of carrying out the complex legislation, or get tripped up in budget talks with Congress.


“The clarity brought about by the election is critical,” said Andrew Hyman of the nonpartisan Robert Wood Johnson Foundation. “We are still going to be struggling through the politics, and there are important policy hurdles and logistical challenges. But we are on a very positive trajectory.” Hyman oversees efforts to help states carry out the law.


In the two years since passage of the Affordable Care Act, the Obama administration has been consumed with planning and playing political defense. Now it has to quickly turn to execution.


States must notify Washington a week from Friday whether they will be setting up new health insurance markets, called exchanges, in which millions of households as well as small businesses will shop for private coverage. The Health and Human Services Department will run the exchanges in states that aren’t ready or willing.


Open enrollment for exchange plans is scheduled to start Oct. 1, 2013, and coverage will be effective Jan. 1, 2014.


In all, more than 30 million uninsured people are expected to gain coverage under the law. About half will get private insurance through the exchanges, with most receiving government help to pay premiums.


The rest, mainly low-income adults without children at home, will be covered through an expansion of Medicaid. While the federal government will pay virtually all the additional Medicaid costs, the Supreme Court gave states the leeway to opt out of the expansion. That gives states more leverage but also adds to the uncertainty over how the law will be carried out.


A steadying force within the administration is likely to be HHS Secretary Kathleen Sebelius. The former Kansas governor has said she wants to stay in her job until the law is fully enacted. “I can’t imagine walking out the door in the middle of that,” she told The Kansas City Star during the Democratic convention. Her office declined to comment Wednesday.


Republicans will be leading more than half the states, so governors are going to be her main counterparts.


Some, like Rick Perry of Texas and Rick Scott of Florida, have drawn a line against helping carry out Obama’s law. In other states, voters have endorsed a hard stance. Missouri voters passed a ballot measure Tuesday that would prohibit establishment of a health insurance exchange unless the Legislature approves. State-level challenges to the federal law will continue to be filed in court.


But other GOP governors have been on the fence, awaiting the outcome of the election. All eyes will be on pragmatists like Chris Christie of New Jersey and Bob McDonnell of Virginia, whose states have done considerable planning of their own to set up exchanges.


“Republican governors are at the center of the health care universe right now,” said Michael Ramlet, health policy director at the American Action Forum, a center-right think tank. “They do not have a uniform position across the board.”


GOP governors are pressing Sebelius on whether the administration will approve partial, less costly Medicaid expansions. There has been no ruling yet.


On health insurance exchanges, some governors whose states aren’t likely to be completely ready are considering the administration’s offer of running the new markets through a partnership.


“The real question for Republican governors is, ‘Are you going to let the feds come into your state?’” Ramlet said. “The question for the Obama administration is whether they are going to have more flexibility.”


Major regulations due shortly and covering issues including exchange operations, benefits and protections for people with pre-existing health problems could signal the administration’s willingness to compromise.


A recent check by The Associated Press found 16 states and the District of Columbia on track to setting up their own exchanges, while nine have decided they will not do so. The federal government could end up running the new markets in half or more of the states.


As far as Medicaid, 11 states and the District of Columbia have indicated they will expand their programs, while six have said they will not. That leaves more than 30 states undecided.


On Capitol Hill, Republicans say if a budget deal is going to include tax increases, it must also come with cuts to the health care law, or money-saving delays in its implementation.


While major changes can’t be ruled out, they don’t seem very likely to former Senate Majority Leader Tom Daschle, D-S.D., who is close to the administration.


“I think Democrats are increasingly emboldened about the health care act,” Daschle said. “The president won re-election partly by defending it. There is a new dynamic around the health care effort.”


Republican attempts to amend the law will continue, he added, but outright repeal is no longer a possibility. “Budgetary issues will continue to be a big question mark,” said Daschle.


Health News Headlines – Yahoo! News



Read More..

China to deepen economic reforms

















China’s President Hu Jintao has said the country will deepen its economic reforms and boost domestic demand to spur a new wave of growth.













Opening the Communist Party congress, Mr Hu added that China needed to work towards a more “market-based” exchange rate for the yuan.


China has been trying to boost domestic consumption to offset a decline in exports.


The congress comes as China’s economic growth rate has hit a three-year low.


“We should step up efforts to transform to a new growth model and work hard to improve the quality and efficiency of the economy,” Mr Hu said.


“We will continue to deepen our economic system reform and stick to the policy of expanding domestic demand.”


Financial reforms


China has been introducing reforms in its tightly controlled financial sector, which many analysts say is the key to unlocking future growth.


Continue reading the main story

One has to wait until the new leaders take charge and start to formulate their policies and communicate them to domestic and international marke”



End Quote Tony Nash IHS Global Insight


In June this year China’s central bank gave the country’s lenders flexibility to decide the interest rates they want to offer to consumers, within a stipulated range.


Beijing also widened the range in which the yuan is allowed to trade against the US dollar to 1.0% on either side of a daily rate set by the central bank. The previous limit was 0.5%.


Meanwhile, China’s securities regulator has eased entry rules for foreign investors under its Qualified Foreign Institutional Investor (QFII) programme.


It allowed the QFII’s to hold more shares in the firms listed in China and also to invest in the country’s interbank bond market.


On Wednesday, China’s state news agency Xinhua reported that the regulator was considering speeding up QFII approvals to attract more long-term overseas investment.


It said the regulator had granted 57 new QFII licences this year.


Analysts said that it was not clear at this stage what further reforms Beijing may introduce in the sector.


“Lots has been talked about financial reforms in China over the past decade,” Tony Nash, managing director of IHS Global Insight told the BBC.


“But one has to wait until the new leaders take charge and start to formulate their policies and communicate them to domestic and international market.”


Inclusive growth


One of the areas of concern in China has been the gap between the rich and the poor.


In China’s richest places, such as Tianjin, Shanghai and Beijing, average incomes are just over $ 10,000 (£6,250) a year, comparable with some European countries, whereas in relatively poor areas such as Guizhou the average income is just over $ 2,000, more in line with countries such as Sudan.


There have been calls for China to ensure that the gap is reduced and that its economic growth is more inclusive.


Mr Hu said that to make China’s development, “much more balanced, coordinated and sustainable, we should double its 2010 gross domestic product and per capita income for both urban and rural residents [by 2020]“.


He added that to achieve that target China needs to: “increase investment at a proper pace and expand the domestic market”.


BBC News – Business



Read More..

Canada firms to capitalize on nuclear trade with India
















NEW DELHI (Reuters) – Canadian firms will be able to export uranium and nuclear reactors to India for the first time in almost four decades under an agreement between the two nations, their prime ministers said, but more work is needed to implement the deal.


Once implemented, the agreement will end a ban on nuclear cooperation Canada imposed in 1976 after India secretly exploded its first nuclear bomb in 1974, commonly called the “Smiling Buddha”, using material from a Canadian-built reactor in India.













“Being able to resolve these issues and move forward is, we believe, a really important economic opportunity for an important Canadian industry, part of the energy industry, that should pay dividends in terms of jobs and growth for Canadians down the road,” Canadian Prime Minister Stephen Harper said on Tuesday on a visit to New Delhi.


A negotiator with the Canadian Nuclear Safety Commission (CNSC), speaking on condition of anonymity because of the delicacy of the talks, said that what remained was a careful legal review of the language; translation into French and Hindi; and then a signing.


This is not expected to take very long, he said. The two sides have set up a joint committee to liaise on nuclear issues, but he said it would not be negotiating.


India aims to lift its nuclear capacity to 63,000 MW in the next 20 years by adding nearly 30 reactors. The country currently operates 20 mostly small reactors at six sites with a capacity of 4,780 MW, or 2 percent of its total power capacity, according to the Nuclear Power Corporation of India Limited.


Canada’s ambassador to India, Stewart Beck, said on Monday his country wanted to be able to track all nuclear material, but that India felt it only needed to report to the International Atomic Energy Agency (IAEA).


It was not clear who made concessions in the talks and how effective the safeguards would be to ensure that Canadian material did not get used again for making nuclear weapons.


However, the CNSC official said India would now be required to notify Canada of any transfers to a third country and trade could only go to facilities that are safeguarded by the IAEA.


PROBABLY BEATING AUSTRALIA


Harper said the CNSC had worked to “achieve all of our objectives in terms of non-proliferation”.


Canada is in a race against Australia, its strategic ally but a commercial rival in the uranium business. Australia is also trying to nail down safeguards under which it too could sell uranium to India.


“We are effectively ahead of the Australians,” the CNSC official said, noting however that Russia and Kazakhstan were already supplying into India.


Opening up the Indian market would be a big help to Canada’s Cameco Corp, which is the world’s largest publicly traded uranium producer but which recently cut its long-term output targets due to the Fukushima disaster.


“Anytime we can reduce the roadblocks to selling our product around the world is always helpful,” Cameco chief executive Tim Gitzel told Reuters in Canada. “It opens a new market for us with the appropriate safeguards in place. So this is good news.”


Another potential beneficiary is Canadian engineering firm SNC Lavalin Group Inc, which bought the government’s commercial nuclear division, which designed the Candu reactor that is in use in numerous countries.


“As far as the sales of reactors goes, we would normally now request that Canada be accorded the same treatment as the Russians, the French and the Americans and that a site be designated in India for the implementation of at least a twin- unit Candu nuclear power station,” SNC Lavalin International President Ronald Denom, part of Harper’s delegation in India, told Reuters.


He also said it should open up the market to service the existing reactors in India.


Harper also said Canada welcomed foreign investment, after the country temporarily blocked Malaysian state oil firm Petronas’ C$ 5.17 billion ($ 5.19 billion) bid for gas producer Progress Energy Resources on October 20.


Late on Friday, Canada extended to December 10 its review of a $ 15.1 billion bid made in July by China’s CNOOC Ltd for Canadian energy producer Nexen Inc.


“Those decisions have to be taken looking at the global evolving economy in which we operate,” Harper said.


($ 1 = C$ 0.9965)


(Additional reporting by Julie Gordon in Toronto; Additional writing by Frank Jack Daniel; Editing by Jonathan Thatcher and Michael Roddy)


Canada News Headlines – Yahoo! News



Read More..

Amid catcalls, Silicon Valley gets its reality TV treatment
















SAN FRANCISCO (Reuters) – They have been panned by television critics and disavowed by their own industry. Even for the entrepreneurs-cum-co-stars of Bravo TV‘s “Start-ups: Silicon Valley,” it is getting hard to put on a brave face.


“It’s been a nightmare,” confessed Sarah Austin, one of the series’ six pretty twentysomethings who code, party and hustle their way to fame and riches – or at least try to – in San Francisco‘s bubbly tech fishbowl.













“I’ve had a lot of figures in Silicon Valley tell me that it was a mistake,” Austin said. “I think sometimes that it wasn’t worth it.”


That is a little surprising, coming from an Internet personality (and self-described angel investor) whose first burst of notoriety came from uploading videos of herself crashing tech parties in 2006.


But her apprehension speaks to the scorn that has piled up like rush-hour traffic on Highway 101 for the eight-episode series.


Since Bravo announced the show in April, it has been greeted with horrified tweets and Facebook updates by geeks who feared the show would portray the Valley about as faithfully as “Jersey Shore” rendered the people of New Jersey. Tech blogger Sarah Lacy seemed to sum up the Valley’s reaction with a plaintive post titled, “Randi Zuckerberg: How Could You Do This to Real Entrepreneurs?”


But with California’s youth-obsessed startup economy booming – and seeping into popular culture (think “The Social Network”) – a Valley reality show seemed like a no-brainer for Bravo. Once dedicated to arts programming, the NBCUniversal-owned cable channel is now known for series such as “Real Houswives of New Jersey” and “Top Chef” – and the “Bravo-lebrities” its shows have spawned.


Produced by Randi Zuckerberg, sister of the Facebook Inc founder, the show purports to follow six young entrepreneurs in their habitat as they write code, party and try to get venture capital funding.


‘BROGRAMMERS’ AND BLONDES


The plotline revolves around Ben and Hermione Way, a brother-and-sister duo from London who are short on original startup ideas but long on cheerfulness and good looks.


There’s also Dwight Crow, a bundle of testosterone and the quintessential “brogrammer”; Austin, who is slotted halfheartedly into the blond vixen role; and David Murray, who ostensibly has coding chops and once worked at Google but just plays the typecasted gay guy trying to peddle a weight-loss app.


In the first episode, it is clear that what little hammed-up tension there is turns on the Hermione Way-Sarah Austin axis. Austin once had a fling with Ben Way, an incident his sister describes several times as “unprofessional.”


The show’s producers tap liberally into the overgrown-child-as-entrepreneur motif that might ring a bit too familiar to Valley denizens.


Crow is seen coding for long hours in his disheveled man-cave and downing liquor shots when he is let loose at night. The cast is seen heading to a crowded toga party, a familiar sight for, say, Facebook employees, who celebrated with a similar event in 2008.


Then there is the pitch meeting with angel investor Dave McClure, who met Hermione Way when he found her hungover and asleep under his conference table.


McClure gamely listens to a pitch from the Ways and promptly rejects them – but not before dispensing a pearl of startup-pitching wisdom that he likely conceived long before the cameras arrived: “You don’t need to sweep me off my feet. You just need to be a good kisser.”


Critics say they fear the show will makes startup life seem easy and glamorous while overlooking the endless grind and frequent failures that come before the success.


“The media wants to sell this story that you can come here, spend three days coding in your basement and then succeed overnight, but we learned the hard way it’s not like that at all,” said Jonathan Chin, the founder of Gothamlist, an e-commerce site in San Francisco that has yet to take off.


Still, he acknowledged, the Bravo program is the talk of the town. “Everybody’s been talking about it, tweeting, sending Facebook messages.”


Zuckerberg, who is launching her own media company, Zuckerberg Media, this week, said the show accurately captures the experiences of her cast. She said she would continue to roll out “nonfiction” TV productions in the Bay Area.


Zuckerberg sidestepped a question about what her friends and family thought of the show, saying only that no one close to her, including her husband or her brother Mark, have seen it yet.


“It’s like doing a startup,” she said. “At some point you just have to open up the alpha and let people see it.”


‘IT’S TV’


At the show’s premiere party on Sunday night in San Francisco’s Potrero Hill neighborhood, there were few Valley luminaries to be seen but plenty of young men in slim-cut suits and designer stubble and women in gauzy gowns and stilettos. They noshed on pizzas served on vinyl records and crispy cones of kampachi tartare that came perched in the holes of DVD discs – along with slabs of sushi served on iPads, an idea conceived by Zuckerberg‘s production team, said caterer Joshua Charles.


“The party seemed reminiscent of 1999,” said Brooke Hammerling, a veteran tech industry public-relations executive who is based in New York. “None of those on the program, including Randi, were in the tech world in the first generation of the dot-com world, when we saw the lack of awareness of what was going on around us.”


Hammerling feared the women in the show would be portrayed as stereotypes, more concerned about fashion and socializing than the business of technology.


But Hermione Way made no apologies on Sunday night as she swept into the party clad in a glittery gold dress.


“It’s TV. People want to look at glamorous people, so it was a balance of finding the tech and being entertaining enough to look at,” Way told Reuters.


“I’m a 27-year-old single girl,” she added. “Do I like to party? Yeah. Do I like to look really f-ing hot? Yeah.”


Way said she was focused on bringing her fitness app and the hardware accessory to market.


And after that?


“World domination,” she replied without skipping a beat.


That, or 15 minutes of “Bravo-lebrity,” at least.


(Reporting By Gerry Shih. Editing by Jonathan Weber and Douglas Royalty)


Internet News Headlines – Yahoo! News



Read More..

ABC raises $16.8 million, MTV to hold fundraiser for NJ shore
















LOS ANGELES (Reuters) – A “Day of Giving” across ABC television networks raised more than $ 16.8 million for victims of Hurricane Sandy, ABC said on Tuesday.


During the event, which aired on Radio Disney, ABC Family, ESPN and other units of the Disney/ABC group, viewers were encouraged to donate to the American Red Cross.













A concert and telethon on NBC last Friday raised almost $ 23 million for those affected by the storm, which came ashore in New Jersey last week and swept up the Eastern Seaboard. Thousands were left homeless and millions were without power.


MTV, a unit of Viacom Inc, is planning a fundraiser for November 15 called “Restore the Shore”. The hour-long special will feature the cast of MTV’s reality series “Jersey Shore“.


MTV said in a statement that it was partnering with the non-profit group Architecture for Humanity to collect donations aimed at rebuilding the Seaside Heights boardwalk and local businesses and homes in the neighborhood.


(Reporting By Jill Serjeant)


TV News Headlines – Yahoo! News



Read More..

Study: Looking old may be a sign of heart risks
















LOS ANGELES (AP) — Want a clue to your risk of heart disease? Look in the mirror. People who look old — with receding hairlines, bald heads, creases near their ear lobes or bumpy deposits on their eyelids — have a greater chance of developing of heart disease than younger-looking people the same age do, new research suggests.


Doctors say the study highlights the difference between biological and chronological age.













“Looking old for your age marks poor cardiovascular health,” said Dr. Anne Tybjaerg-Hansen of the University of Copenhagen in Denmark.


She led the study and gave results Tuesday at an American Heart Association conference in Los Angeles.


A small consolation: Wrinkles elsewhere on the face and gray hair seemed just ordinary consequences of aging and did not correlate with heart risks.


The research involved 11,000 Danish people and began in 1976. At the start, the participants were 40 and older. Researchers documented their appearance, tallying crow’s feet, wrinkles and other signs of age.


In the next 35 years, 3,400 participants developed heart disease (clogged arteries) and 1,700 suffered a heart attack.


The risk of these problems increased with each additional sign of aging present at the start of the study. This was true at all ages and among men and women, even after taking into account other factors such as family history of heart disease.


Those with three to four of these aging signs — receding hairline at the temples, baldness at the crown of the head, earlobe creases or yellowish fatty deposits around the eyelids — had a 57 percent greater risk for heart attack and a 39 percent greater risk for heart disease compared to people with none of these signs.


Having yellowish eyelid bumps, which could be signs of cholesterol buildup, conferred the most risk, researchers found. Baldness in men has been tied to heart risk before, possibly related to testosterone levels. They could only guess why earlobe creases might raise risk.


Dr. Kathy Magliato, a heart surgeon at St. John’s Health Center in Santa Monica, Calif., said doctors need to pay more attention to signs literally staring them in the face.


“We’re so rushed to put on a blood pressure cuff or put a stethoscope on the chest” that obvious, visible signs of risk are missed, she said.


__


Online:


Heart Association: http://www.heart.org


___


Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP


Health News Headlines – Yahoo! News



Read More..

Obama wins second term, Romney concedes defeat
















WASHINGTON (Reuters) – President Barack Obama won a second term in the White House on Tuesday, overcoming deep doubts among voters about his handling of the U.S. economy to score a clear victory over Republican challenger Mitt Romney.


Americans chose to stick with a divided government in Washington, by keeping the Democratic incumbent in the White House and leaving the U.S. Congress as it is, with Democrats controlling the Senate and Republicans keeping the House of Representatives.













Obama told thousands of supporters in Chicago who cheered his every word that “we have picked ourselves up, we have fought our way back” and that for America, the best is yet to come.


He vowed to listen to both sides of the political divide in the weeks ahead and said he would return to the White House more determined than ever to confront America’s challenges.


“Whether I earned your vote or not, I have listened to you, I have learned from you. And you have made me a better president,” Obama said.


The nationwide popular vote remained extremely close with Obama taking about 50 percent to 49 percent for Romney after a campaign in which the candidates and their party allies spent a combined $ 2 billion.



Romney, the multimillionaire former private equity executive, came back from a series of campaign stumbles to make it close after besting the president in the first of three presidential debates.


The 65-year-old former Massachusetts governor conceded in a gracious speech delivered to disappointed supporters at the Boston convention center. He had called Obama to concede defeat after a brief controversy over whether the president had really won Ohio.


“This is a time of great challenge for our nation,” Romney told the crowd. “I pray that the president will be successful in guiding our nation.”


He warned against partisan bickering and urged politicians on both sides to “put the people before the politics.”


Obama told his crowd that he hoped to sit down with Romney in the weeks ahead and examine ways to meet the challenges ahead.


The president Obama scored impressive victories in the crucial state of Ohio and heavily contested swing states of Virginia, Nevada, Iowa and Colorado. They carried the Democrat past the 270 electoral votes needed for victory in America’s state-by-state system of choosing a president, and left Romney’s senior advisers shell-shocked at the loss.


Obama, America’s first black president, won by convincing voters to stick with him as he tries to reignite strong economic growth and recover from the worst recession since the Great Depression of the 1930s. An uneven recovery has been showing some signs of strength but the country’s 7.9 percent jobless rate remains stubbornly high.


Obama’s victory in the hotly contested swing state of Ohio – as projected by TV networks – was a major step in the fight for the 270 electoral votes needed to clinch the White House and ended Romney’s hopes of pulling off a string of swing-state upsets.


Obama scored narrow wins in Ohio, Wisconsin, Iowa, Pennsylvania and New Hampshire – all states that Romney had contested – while the only swing state captured by Romney was North Carolina, according to television network projections.


Romney initially delayed his concession as some Republicans questioned whether Obama had in fact won Ohio despite the decisions by election experts at all the major TV networks to declare it for the president.


The later addition of Colorado and Virginia to Obama’s tally – according to network projections – meant that even if the final result from Ohio were to be reversed, Romney still could not reach the needed number of electoral votes.


While Obama supporters in Chicago were ecstatic, Romney’s Boston event was grim as the news was announced on television screens there. A steady stream of people left the ballroom at the Boston convention center.


THE SAME PROBLEMS


At least 120 million American voters had been expected to cast votes in the race between the Democratic incumbent and Romney after a campaign that was focused on how to repair the ailing U.S. economy.


The same problems that dogged Obama in his first term are still there to confront him again.


He faces a difficult task of tackling $ 1 trillion annual deficits, reducing a $ 16 trillion national debt, overhauling expensive social programs and dealing with a gridlocked U.S. Congress that kept the same partisan makeup.


Obama’s Democrats held their Senate majority – taking hotly contested Republican-held seats in Massachusetts and Indiana – while the Republicans kept House control.


Democrat Claire McCaskill retained her U.S. Senate seat from Missouri, beating Republican congressman Todd Akin, who stirred controversy with his comment in August that women’s bodies could ward off pregnancy in cases of “legitimate rape.


Democrats gained a Senate seat in Indiana that had been in Republican hands for decades after Republican candidate Richard Mourdock called pregnancy from rape something that God intended. Democratic congressman Joe Donnelly won the race.


In another high-profile Senate race, Democrat Elizabeth Warren, a law professor who headed the watchdog panel that oversaw the government’s financial sector bailout, defeated incumbent Massachusetts Republican Senator Scott Brown.


Former Maine Governor Angus King won a three-way contest for the Senate seat of retiring Republican Olympia Snowe. King ran as an independent, but he is expected to caucus with Democrats in what would amount to a Democratic pick-up.


Florida Democratic Senator Bill Nelson easily beat back a challenge from Republican congressman Connie Mack to win a third term, while Democratic congressman Chris Murphy beat Republican Linda McMahon, a businesswoman who had served as chief executive of a professional wrestling company.


Democrats were also cheered by several state referendums. Maryland voters approved same-sex marriage, the governor said, and a similar measure in Maine appeared on track to pass as well – marking the first time marriage rights have been extended to same-sex couples by popular vote.


In addition, Wisconsin Democratic congresswoman Tammy Baldwin became the first openly gay U.S. Senator, defeating Republican former governor Tommy Thompson.


(Additional reporting by Jeff Mason in Chicago, Patricia Zengerle in Boston, Edith Honan in New York, Brendan O’Brien in Milwaukee, Dave Warner in Philadelphia, Philip Barbara in New Jersey, Matt Spetalnick, Lisa Lambert, Susan Heavey, Thomas Ferraro, Susan Cornwell, Anna Yukhananov and Roberta Rampton in Washington; Writing by Steve Holland and John Whitesides; Editing by Claudia Parsons and Will Dunham)


Business News Headlines – Yahoo! News



Read More..

Cautious reformers tipped for new China leadership
















BEIJING (Reuters) – China‘s ruling Communist Party will this month unveil its new top leadership team, expected to again be an all-male cast of politicians whose instincts are to move cautiously on reform.


Sources close to the leadership say 10 main candidates are vying for seven seats on the party’s next Politburo Standing Committee, the peak decision-making body which will steer the world’s second-largest economy for the next five years.













Only two candidates are considered certainties going into the party’s 18th congress, which starts on Thursday: leader-in-waiting Xi Jinping and his designated deputy, Li Keqiang, who are set to be installed as president and premier next March.


Of the remaining eight contenders, only one has the reputation as a political reformer and only one is a woman.


Following are short biographies of the candidates, including their reform credentials and possible portfolio responsibilities.


XI JINPING


REFORM CREDENTIALS: Considered a cautious reformer, having spent time in top positions in Fujian and Zhejiang provinces, both at the forefront of China‘s economic reforms.


Xi Jinping, 59, is China‘s vice president and President Hu Jintao’s anointed successor. He will take over as Communist Party boss at the congress and then as head of state in March.


Xi belongs to the party’s “princeling” generation, the offspring of communist revolutionaries. His father, former vice premier Xi Zhongxun, fought alongside Mao Zedong in the Chinese civil war. Xi watched his father purged and later, during the Cultural Revolution, spent years in the hardscrabble countryside before making his way to university and then to power.


Married to a famous singer, Xi has crafted a low-key and sometimes blunt political style. He has complained that officials’ speeches and writings are clogged with party jargon and has demanded more plain speaking.


Xi went to work in the poor northwest Chinese countryside as a “sent-down youth” during the chaos of the 1966-76 Cultural Revolution, and became a rural commune official. He went on to study chemical engineering at Tsinghua University in Beijing and later gained a doctorate in Marxist theory from Tsinghua.


A native of the poor, inland province of Shaanxi, Xi was promoted to governor of southeastern Fujian province in 1999 and became party boss in neighboring Zhejiang province in 2003.


In 2007, the tall, portly Xi secured the top job in China‘s commercial capital, Shanghai, when his predecessor was caught up in a huge corruption case. Later that year he was promoted to the party’s standing committee.


- – - -


LI KEQIANG


REFORM CREDENTIALS: Seen as another cautious reformer due to his relatively liberal university experiences.


Vice Premier Li Keqiang, 57, is the man tipped to be China‘s next premier, taking over from Wen Jiabao.


His ascent will mark an extraordinary rise for a man who as a youth was sent to toil in the countryside during Mao’s Cultural Revolution.


He was born in Anhui province in 1955, son of a local rural official. Li worked on a commune that was one of the first places to quietly revive private bonuses in farming in the late 1970s. By the time he left Anhui, Li was a Communist Party member and secretary of his production brigade.


He studied law at the elite Peking University, which was among the first Chinese schools to resume teaching law after the Cultural Revolution. He worked to master English and co-translated “The Due Process of Law” by Lord Denning, the famed English jurist.


In 1980, Li, then in the official student union, endorsed controversial campus elections. Party conservatives were aghast, but Li, already a prudent political player, stayed out of the controversial vote.


He climbed the party ranks and in 1983 joined the Communist Youth League’s central secretariat, headed then by Hu Jintao.


Li later served in challenging party chief posts in Liaoning, a frigid northeastern rustbelt province, and rural Henan province. He was named to the powerful nine-member standing committee in 2007.


- – - -


WANG QISHAN


REFORM CREDENTIALS: A financial reformer and problem solver with deep experience tackling tricky economic and political problems.


Wang Qishan, 64, is the most junior of four vice premiers and an ex-mayor of Beijing. But he has a keen grasp of complex economic issues and is the only likely member of the Standing Committee to have been chief executive of a corporation, leading the state-owned China Construction Bank from 1994 to 1997. As such, he may take a leading role in shaping economic policy, including trade and foreign investment.


Wang is an experienced negotiator who has led finance and trade negotiations as well as the Strategic and Economic Dialogue with the United States. He is a favorite of foreign investors and has long been seen as a problem solver, sorting out a debt crisis in Guangdong province where he was vice governor in the late 1990s and replacing the sacked Beijing mayor after a cover-up of the deadly SARS virus in 2003.


Wang is also a princeling, son-in-law of a former vice premier and ex-standing committee member, Yao Yilin. His possible portfolio could be chairman of the National People’s Congress (China’s rubber-stamp parliament), head of parliament’s advisory body, executive vice premier (responsible for economic issues) or the party’s top anti-corruption official.


- – - -


LIU YUNSHAN


REFORM CREDENTIALS: A conservative who has kept domestic media on a tight leash.


Liu Yunshan, 65, may take over the propaganda and ideology portfolio for the Standing Committee.


He has a background in media, once working as a reporter for state-run news agency Xinhua in Inner Mongolia, where he later served in party and propaganda roles before shifting to Beijing.


As minister of the party’s Propaganda Department since 2002, Liu has also sought to control China‘s Internet, which has more than 500 million users. He has been a member of the wider Politburo for two five-year terms ending this year.


Liu has not worked directly for the Communist Youth League, but is aligned to it through his lengthy career in an inland, poor province, long ties to the party’s propaganda system and close relationship with Hu Jintao.


- – - -


LI YUANCHAO


REFORM CREDENTIALS: A reformer who has courted foreign investment and studied in the United States.


Li Yuanchao, 61, oversees the appointment of senior party, government, military and state-owned enterprise officials as head of the party’s powerful organization department. On the Standing Committee, he could head the fight against corruption.


Li, whose father was a vice-mayor of Shanghai, has risen far since his parents were persecuted and he was a humble farm hand during the Cultural Revolution.


Politically astute, Li can navigate between interest groups, from Hu’s Youth League power base to the princelings.


As party chief in his native province, Jiangsu, from 2002 to 2007, Li oversaw a rapid rise in personal incomes and economic development, attracting foreign investment from global industrial leaders such as Ford, Samsung and Caterpillar.


He earned mathematics and economics degrees from two of China‘s best universities and a doctorate in law. He also spent time at Harvard University’s Kennedy School of Government in the United States.


- – - -


ZHANG DEJIANG


REFORM CREDENTIALS: A conservative trained in North Korea.


Zhang Dejiang, 65, saw his chances of promotion boosted this year when he was chosen to replace disgraced politician Bo Xilai as Chongqing party boss. He also serves as vice premier in charge of industry, though his record has been tarnished by the downfall of the railway minister last year for corruption.


Zhang is close to former president Jiang Zemin who still wields some influence. He studied economics at Kim Il-sung University in North Korea and is a native of northeast China.


On his watch as party chief of Guangdong, the southern province maintained its position as a powerhouse of China‘s economic growth, even as it struggled with energy shortages, corruption-fuelled unrest and the 2003 SARS epidemic.


- – - – -


ZHANG GAOLI


REFORM CREDENTIALS: A financial reformer with experience in more developed parts of China.


Zhang Gaoli, 65, party chief of the northern port city of Tianjin and a Politburo member since 2007, is seen as a Jiang Zemin ally but also acceptable to President Hu, who has visited Tianjin three times since 2008. Zhang is an advocate of greater foreign investment and he introduced financial reforms in a bid to turn the city into a financial center in northern China.


He was sent to clean up Tianjin, which was hit by a string of corruption scandals implicating his predecessor and the former top adviser to the city’s lawmaking body. The adviser committed suicide shortly after Zhang’s arrival.


A native of southeastern Fujian province, Zhang trained as an economist. He also served as party chief and governor of eastern Shandong province and as Guangdong vice governor.


Zhang is low-key with a down-to-earth work style, and not much is known about his specific interests and aspirations. But with his leadership experience in more economically advanced cities and provinces, including party secretary of the showcase manufacturing and export-driven city of Shenzhen, he could be named executive vice premier.


- – - – -


WANG YANG


REFORM CREDENTIALS: Seen by many in the West as a beacon of political reform.


Wang Yang, 57, is party chief of the export dependent economic hub of Guangdong province. He was not included in a list of preferred Standing Committee candidates drawn up by Xi, Hu and Hu’s predecessor, Jiang Zemin, according to sources close to the leadership, but is firmly in the running.


Born into a poor rural family in eastern Anhui province, Wang dropped out of high school and went to work in a food factory at age 17 to help support his family after his father died. These experiences may have shaped his desire for more socially inclusive policies, including his “Happy Guangdong” model of development designed to improve quality of life.


Concerned about the social impact of three decades of blistering development, he lobbied for social and political reform. However, this approach has drawn criticism from party conservatives and Wang has more recently adopted the party’s more familiar method of control and punishment to keep order.


- – - – -


YU ZHENGSHENG


REFORM CREDENTIALS: Relatively low-key but considered a cautious reformer.


Yu Zhengsheng, 67, is party boss in China‘s financial hub and most cosmopolitan city, Shanghai.


His impeccable Communist pedigree made him a rising star in the mid-1980s until his brother, an intelligence official, defected to the United States. His close ties with Deng Pufang, the eldest son of late paramount leader Deng Xiaoping, spared him the full political repercussions but he was taken off the fast track.


Yu bided his time in ministerial ranks until bouncing back, joining the Politburo in 2002. However, the princeling’s age would require him to retire in 2017 after one term.


- – - – -


LIU YANDONG


REFORM CREDENTIALS: Uncertain.


Liu Yandong, who turns 67 this month, is the only woman given a serious chance to join the Standing Committee but is considered a dark horse. She is a princeling also tied to President Hu’s Youth League faction.


If promoted, she could head up parliament’s advisory body, but her age would also force her to retire after only one term.


Her bigger challenge is that no woman has made it into the Standing Committee since 1949. Not even Jiang Qing, the widow of late Chairman Mao Zedong, made it that far.


Liu, daughter of a former vice-minister of agriculture, is currently the only woman in the 25-member Politburo, a minority in China‘s male-dominated political culture. She has been on the wider Politburo since 2007 as one of five state councilors, a rank senior to a cabinet minister but junior to a vice-premier.


(Reporting by Terril Yue Jones, Ben Blanchard, Benjamin Kang Lim and Sui-Lee Wee in Beijing. Additional reporting by Chris Ip, Grace Li, Jean Lin, Young Wang, Alice Woodhouse and Julie Zhu; Editing by Raju Gopalakrishnan and Mark Bendeich)


World News Headlines – Yahoo! News



Read More..