Sunday, May 12, 2013

Pakistan marks democratic milestone in close-fought election

By John Chalmers and Michael Georgy

ISLAMABAD (Reuters) - Pakistan goes to the polls on Saturday for an election that will bring the first transition between civilian governments, but the milestone's significance may be lost on some voters who have lost faith in politics after years of corruption and misrule.

Widespread disenchantment with the two mainstream parties appeared this week to have brought a late surge of support for former cricket star Imran Khan, who could end up holding the balance of power if there is no clear-cut winner.

If that happens, weeks of haggling to form a coalition will follow and raise the risk of an unstable government in a country ruled by the military for more than half of its history.

That would only make it more difficult to reverse the disgust with politicians felt among the country's 180 million people and drive through the reforms needed to revive its near-failed economy.

Power cuts can last more than 10 hours a day in some places, crippling key industries like textiles, and a new International Monetary Fund bailout may be needed soon.

Dozens of people have been killed in the run-up to the vote by the al-Qaeda-linked Pakistan Taliban, which regards the poll as un-Islamic and has vowed to disrupt the process with suicide bombings.

"The problems facing the new government will be immense, and this may be the last chance that the country's existing elites have to solve them," said Anatol Lieven, a professor at King's College, London, and author of a book on Pakistan.

"If the lives of ordinary Pakistanis are not significantly improved over the next five years, a return to authoritarian solutions remains a possibility," Lieven wrote in a column in the Financial Times on Friday.

The army stayed out of politics during the five years of the last government, but it still sets the nuclear-armed country's foreign and security policy and will steer the thorny relationship with Washington as NATO troops withdraw from neighboring Afghanistan next year.

The party of former prime minister Nawaz Sharif looks set to win the most seats in the one-day vote, which gets under way across the country at 8 a.m. (0300 GMT).

However, Khan's dark-horse challenge could deprive Sharif of a majority and dash his hopes for a return to power 14 years after he was ousted in a military coup, jailed and later exiled.

Pakistan's best-known sportsman, who led a playboy lifestyle in his younger days, Khan is seen by many as a refreshing change from the dynastic politicians who long relied on a patronage system to win votes and are often accused of corruption.

THREAT OF ATTACKS

Voters will elect 272 members of the National Assembly and to win a simple majority, a party would have to take 137 seats.

However, the election is complicated by the fact that a further 70 seats, most reserved for women and members of non- Muslim minorities, are allocated to parties on the basis of their performance in the contested constituencies. To have a majority of the total of 342, a party would need 172.

Khan appeals mostly to young, urban voters because of his calls for an end to corruption, a new political landscape and a halt to U.S. drone strikes on Pakistani soil.

The 60-year-old is in hospital after injuring himself in a fall at a party rally, which may also win him sympathy votes.

Early opinion polls had put the share of votes for his Tehrik-i-Insaf (PTI) party as low as single figures. However, a survey released on Wednesday showed 24.98 percent of voters nationally planned to vote for his party, just a whisker behind Sharif's Pakistan Muslim League (PML-N).

The Herald magazine poll showed Sharif's party remained the front-runner in Punjab, which, with the largest share of parliamentary seats, usually dictates the outcome of elections.

It also pointed to an upset for the Pakistan People's Party (PPP), which led the last government, placing it third. Pakistan's politics have long been dominated by the PML-N and the PPP, whose most prominent figure is President Asif Ali Zardari, widower of assassinated former premier Benazir Bhutto.

"The PPP didn't take care of the poor masses and always engages in corrupt practices whenever they come to power," said Sher Nabi, a banker from Peshawar.

"So we've decided to vote for the PTI candidate this time and test Imran Khan to see if he proves as honest as he claims."

In the violence ahead of the election, militants mostly targeted secular-leaning parties in the PPP's outgoing coalition and largely spared more conservative parties that question Pakistan's participation in the U.S.-led campaign against militancy, including those of both Khan and Sharif.

Many Pakistanis still plan to vote despite the bloodshed.

"I want to go out and vote but my parents are scared there will be a bomb or a shooting," said 21-year-old Nargis Fatima, a student in Quetta, one of Pakistan's most volatile cities.

"This is the first time I'm old enough to vote and I'll try my best to go out there and feel that I am part of whatever new set-up comes into place."

(Additional reporting by Mehreen Zahra-Malik in ISLAMABAD, Gul Yousafzai in QUETTA, Mubasher Bukhari in LAHORE and Jibran Ahmed in PESHAWAR; Editing by Sonya Hepinstall)

Source: http://news.yahoo.com/pakistan-marks-democratic-milestone-close-fought-election-190346455.html

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Saturday, May 11, 2013

Uncle: Marathon bombing suspect buried in Virginia

FILE - In this Feb. 17, 2010, photo, Tamerlan Tsarnaev smiles after accepting the trophy for winning the 2010 New England Golden Gloves Championship in Lowell, Mass. Tsarnaev, the Boston Marathon bombing suspect killed in a police shootout, was buried in an undisclosed location outside the city of Worcester, police said Thursday, May 9, 2013. (AP Photo/The Lowell Sun, Julia Malakie, File) MANDATORY CREDIT

FILE - In this Feb. 17, 2010, photo, Tamerlan Tsarnaev smiles after accepting the trophy for winning the 2010 New England Golden Gloves Championship in Lowell, Mass. Tsarnaev, the Boston Marathon bombing suspect killed in a police shootout, was buried in an undisclosed location outside the city of Worcester, police said Thursday, May 9, 2013. (AP Photo/The Lowell Sun, Julia Malakie, File) MANDATORY CREDIT

(AP) ? Boston Marathon bombing suspect Tamerlan Tsarnaev was buried in a cemetery in Virginia with the help of a faith coalition, his uncle said Friday.

The secret burial this week ended a frustrating search for a community willing to take the body, which had been kept at a funeral parlor in Worcester, Mass., as cemeteries in Massachusetts and several other states refused to accept the remains.

Tsarnaev was killed April 19 in a getaway attempt after a gunbattle with police. His younger brother, Dzhokhar, was captured later and remains in custody.

The Tsarnaevs' uncle, Ruslan Tsarni of Maryland, took responsibility for arranging the burial after Tamerlan's wife, Katherine Russell, said she wanted the body released to her in-laws.

Tsarni said Tsarnaev was buried in a cemetery in Doswell, Va., near Richmond, though he would not say more about the faith coalition that helped.

"The body's buried. That's it," he said.

With costs to protect the funeral home mounting, Worcester police earlier appealed for help finding a place to bury Tsarnaev. They announced Thursday that "as a result of our public appeal for help, a courageous and compassionate individual came forward to provide the assistance needed to properly bury the deceased."

Tsarnaev was pronounced dead at a hospital in Boston, where he could have been buried under state law, because the city was his place of death. But Boston officials said they wouldn't take the body because Tsarnaev lived in Cambridge, and Cambridge also refused.

His mother also said Russia refused to allow his body into the country so she could bury him in her native Dagestan, but Russian authorities would not comment on that contention.

___

Lavoie reported from Boston.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-05-10-US-Boston-Marathon-Explosions/id-b4fc0408533149ab9566102761035978

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Tuesday, May 7, 2013

World stocks rise as investors cheer US jobs data

BANGKOK (AP) ? World stock markets rose Monday after an unexpectedly strong U.S. jobs report pushed Wall Street to new highs. Malaysian shares jumped after the country's ruling political alliance won national elections.

The Dow Jones industrial average and the Standard & Poor's 500 index both rose to record highs Friday after the Labor Department reported that U.S. employers added 165,000 workers last month and many more in February and March than previously estimated. The unemployment rate fell to 7.5 percent, which was the lowest level in four years.

The report counterbalanced weeks of mixed signals about manufacturing and corporate earnings and renewed hopes of a recovery in the world's largest economy.

"Markets just came back to life, helped by that strong reading from U.S. nonfarm payrolls. That number completely obliterated expectations," said Stan Shamu, market strategist at IG in Melbourne.

Britain's FTSE 100 rose 0.9 percent to 6,521.46. Germany's DAX was 0.1 percent higher at 8,133.68. France's CAC-40 was nearly unchanged at 3,912.64. Wall Street appeared headed for yet more gains, with Dow futures rising 0.1 percent to 14,919. S&P 500 futures rose 0.1 percent at 1,610.10.

In Asia, Malaysia's KLSE Composite surged 3.4 percent to 1,752.02 after the country's governing coalition won national elections, albeit with a weakened majority, to extend its unbroken, 56-year rule.

"We will likely see the (government) pay greater attention to fiscal consolidation after the string of populist handouts in the run-up to elections," analysts at Bank of America Merrill Lynch said in a commentary.

Hong Kong's Hang Seng rose 1 percent to 22,915.09. Australia's S&P/ASX advanced 0.5 percent to 5,156.20. Benchmarks in Singapore, Taiwan and Indonesia also rose, while the Philippines fell. South Korea's Kospi lost 0.2 percent to 1,962.25. Japan's stock market was closed for a public holiday.

Surging copper prices helped companies involved in producing the widely used industrial metal. Australia's OZ Minerals surged 9.5 percent. Hong Kong-listed Jiangxi Copper rose 5.2 percent. Australia's BHP Billiton, the world's largest mining company, rose 2.8 percent.

Benchmark oil for June delivery was up 63 cents to $96.24 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.62 to close at $95.61 a barrel on the Nymex on Friday.

In currencies, the euro fell to $1.3107 from $1.3110 late Friday in New York. The dollar rose to 99.35 yen from 99.04 yen.

___

Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson

Source: http://news.yahoo.com/world-stocks-rise-investors-cheer-us-jobs-data-091200130.html

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Saturday, April 27, 2013

Google's Neal Mohan On The Keys To Bringing Brand Advertisers Online

neal mohanNeal Mohan, Google's vice president of display advertising, said that his "top priority" for 2013 is bring brand advertising online in a big way. I interviewed Mohan as part of the preparation for our panel at Disrupt NY next week, where we'll discuss the ad landscape with Gokul Rajaram, Facebook's product director for ads, and Kevin Weil, Twitter's senior director of revenue products. During our Q&A covered Google's relationship with brand marketers, mobile and multi-screen advertising, and today's announcement that Google's Active View metric, which measures whether an ad was actually viewed (not just served) has been accredited by the Media Rating Council.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/JKmieG8zaq4/

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Military grooms new officers for war in cyberspace

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Source: http://www.labspaces.net/127943/Military_grooms_new_officers_for_war_in_cyberspace

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Oil production rises for Exxon, Conoco in first-quarter

By Anna Driver

HOUSTON (Reuters) - Quarterly results from Exxon Mobil Corp and ConocoPhillips on Thursday showed that while overall growth remained elusive, output rose in key basins in the United States where the oil and gas companies are spending heavily to grow crude production.

North American shale basins and the Gulf of Mexico are seen as more secure places for energy companies to invest because they typically offer a steady source of growth. Conoco said in December that more than half of its nearly $16 billion budget for 2013 will be spent in North America.

Exxon's U.S. oil and natural gas liquids production rose 2 percent in the first quarter, compared with an overall output decline of 3.5 percent.

"Lower production at Exxon is an ongoing trend, they need so many projects to come online to offset field decline," said Brian Youngberg, energy company analyst at Edward Jones. "But Conoco's shift toward the U.S. continues to proceed well."

Conoco said oil and gas production rose a combined 42 percent in the Bakken Shale in North Dakota and Texas' Permian Basin and Eagle Ford Shale. Conoco's total output from continuing operations edged 1 percent lower.

Fourth-largest U.S. oil company Occidental Petroleum Corp said its daily domestic oil and gas production rose to a record 478,000 barrels of oil equivalent (boe), most of which was oil or natural gas liquids.

"WEAK" BEAT

Exxon's quarterly profit edged up, helped by higher earnings in its chemicals business but oil and gas production fell.

Earnings per share for the world's largest publicly traded oil company topped Wall Street expectations but the gains largely came after a big stock buyback reduced the number of outstanding shares.

Analysts at Credit Suisse characterized it as a "weak" beat in a note to clients.

Exxon said it will lower its quarterly share buyback to $4 billion in the second quarter, below the $5 billion in the first quarter.

First-quarter profit for the world's largest publicly traded oil company was $2.12 per share. Analysts, on average, expected the Irving, Texas, company to report a profit of $2.05 per share.

Conoco's first-quarter results met Wall Street expectations and Occidental beat the Street, helped by higher profits in its midstream and marketing business and lower costs, analysts said.

Conoco had a first-quarter profit of $2.1 billion, or $1.73 per share, down from $2.9 billion, or $2.27 per share, a year earlier.

Occidental reported a first-quarter net profit of $1.36 billion, or $1.68 per share, compared with $1.56 billion, or $1.92 per share, a year earlier.

Excluding items, the Los Angeles company earned $1.69 per share, topping analysts' average estimate of $1.54 per share, according to Thomson Reuters I/B/E/S.

Shares of Exxon fell nearly 1 percent to $88.62. Conoco shares edged down 6 cents to $58.19 and Occidental was up 8 cents to $84.41.

(Reporting By Anna Driver; Editing by Nick Zieminski)

Source: http://news.yahoo.com/oil-production-rises-exxon-conoco-first-quarter-152527150--finance.html

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Friday, April 26, 2013

D is for Dentist: get happy series: start it up.

Our fitness challenge wrapped up this week! I began this challenge beginning of this semester with my vegetarian transition, maybe a little too ambitiously. With a busy dental school schedule and marathon training, I spent a lot of time stressing out about what I should be doing. I had actually gained weight!

I chatted with Sharon right after my weigh-in. She set me off to deep thought about the way I think about health and fitness. An interview with her, our inaugural SHAPE challenge winner!!!, will be coming up soon- meanwhile, you can read her interview about her HPSP (military scholarship for dental school) here.

Being healthy isn?t just about weighing a certain number or looking a certain way. This is why I?m excited to start this ?Get happy series?. (I took this picture on my run crossing the bridge to New Jersey!- Philadelphia looked so beautiful with the sun setting in the background.)

gethappy

I?ll be write about health, physical fitness, nutrition, dentist ergonomics and emotional health***: many things I should pay more attention to. To start off, here?s my baseline right now with a busy school schedule.

  • I sit on average 8 hours a day at school + 3-5 hours studying/working/writing.

  • I walk about 3000 steps on average on days I don?t run.

  • I snack throughout the day into the night out of fatigue-boredom-stress.

I want to focus more on the mental/emotional health on this dental school journey. Once school lightens up a bit I?m going to organize and structure this blog a bit, so look forward to new changes.

I?m heading to DC tomorrow morning bright and early to tackle 13.1 miles. Sleep tight, everyone! Please send me some badass running vibes!!!

Source: http://www.disfordentist.com/2013/04/get-happy-series-start-it-up.html

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