See the best dressed baby bump on TV, the most badass aviators on the big screen and the sexiest movie wardrobe of 2013
Credit: ABC/Peter "Hopper" Stone
Updated: Wednesday Jan 16, 2013 | 12:00 PM EST
By: Zoë Ruderman
New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.
The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.
Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.
There is still vaccine available although it may be hard to find. The CDC has a website that can help.
___
CDC: http://www.cdc.gov/flu/
LONDON (Reuters) - The Federal Reserve's ultra-loose monetary policy is a root cause of the "currency wars" that some see as a looming threat to the world economy, but don't expect the U.S. central bank to signal a shift back to normal any time soon.
The Fed, whose policy-setting Federal Open Market Committee concludes a two-day meeting on Wednesday, said just last month that it expects to keep short-term interest rates exceptionally low until the U.S. unemployment rate falls to 6.5 percent, inflation permitting.
That goal is still distant. Figures on Friday are likely to show that the jobless rate was unchanged in January at 7.8 percent, while the economy created 155,000 jobs, the same as in December, according to economists polled by Reuters.
So it would be a huge surprise if the Fed were to do anything other than reaffirm last month's decision to anchor short-term interest rates in a range of zero to 0.25 percent and to keep buying $85 billion of bonds each month to hold down long-term rates.
The only question mark is whether the FOMC vote will be unanimous now that Richmond Fed President Jeffrey Lacker, who opposes the current round of bond-buying, has rotated off the panel, said Harm Bandholz, an economist with UniCredit Bank in New York.
Most economists polled by Reuters expect the Fed to keep its open-ended bond-buying program in place well into next year, even though the economic news flow and market confidence are improving markedly.
True, Wednesday's preliminary report on fourth-quarter GDP is likely to show that growth slowed to an annualized rate of 1.2 percent from 3.1 percent in the July-September period.
And the current quarter will also be soft as the expiry of a 2 percent payroll tax cut is dampening consumer spending.
But then Bandholz expects an average growth rate of 2.8 percent over the rest of the year. That would be the strongest three-quarter period of the recovery so far, he said.
"The outlook has improved a lot in the U.S. I've been on the cautious side for the last three years, but this time I'm a bit more bullish," he said.
THE FED BIDES ITS TIME
The recovery in housing would add at least half a percentage point to GDP growth in 2013, while capital spending was likely to revive now that uncertainty over budget talks in Washington had been largely allayed, Bandholz said.
"There's a lot of pent-up demand in the system. I don't think all these investments have been abandoned; they've just been postponed," he said.
At some point, investors' exuberance over the super-easy stance of the world's major central banks will give way to worries that they are about to take away the punch bowl.
Gustavo Reis, an economist with Bank of America Merrill Lynch in New York, said concerns about the costs of money-printing were likely to spread but would be offset by uncertainty over the impact on growth of fiscal tightening in the United States and Europe.
"All told, although global activity seems more robust now than at any point in 2012, we expect policymakers to continue to worry predominantly about downside risks," he said in a note.
The bank does not expect the Fed to consider halting asset purchases before 2014, while the latest episode of monetary easing announced by the Bank of Japan is likely to be ‘long-lived and significant'.
Many economists argue that bold monetary action is long overdue in Japan, whose nominal output has not grown in 20 years, saddling the government with a debt-to-GDP ratio of more than 220 percent.
But Douglas McWilliams, who heads the Centre for Economics and Business Research, a London consultancy, fears Japan's decision will lead the global economy into unpredictable currency wars.
"It's a bit like if someone's rude to you, you're rude to them back. You get tit-for-tat behavior," McWilliams said.
CURRENCY FRICTION, BUT NO WAR
Olivier Blanchard, the chief economist of the International Monetary Fund, last week called talk of currency wars overblown and said countries had to pull the right policy levers to get their economies back on track, with corresponding consequences for exchange rates.
However, McWilliams said the problem was that it was difficult to get countries to agree NOT to wage currency wars.
Tellingly, Chancellor Angela Merkel voiced German concerns last week that Japan might be deliberately seeking to cheapen the yen to give its exporters a competitive edge.
"So we may well find that there is a period of very heavy volatility before the authorities involved try and get some kind of agreement," McWilliams said.
In a relatively quiet week for economic data in the euro zone - money supply figures and confidence surveys from the European Commission are the highlights - the focus is likely to remain squarely on the euro, which has been rising briskly as traders price in the policy shifts that Blanchard had in mind.
While the Fed and the Bank of Japan are expanding their balance sheets, the European Central Bank is starting to soak up some of the emergency cash it lent to banks a year ago.
The central bank said on Friday that banks would repay early 137 billion euros of cheap borrowed money.
"I'm not sure if we have too strong a euro for the moment but certainly we would not want to see a currency war of competitive devaluations which would have a negative effect on the euro," the European Union's top monetary official, Olli Rehn, told Reuters.
(Additional reporting by Paul Taylor in Davos; editing by Jason Neely)
BEIRUT, Lebanon — The tensions had been simmering for months in the northern Syrian town of Saraqib. Civilian antigovernment activists had complained of rebel fighters needlessly destroying a milk factory and treating residents disrespectfully. A growing contingent of jihadist fighters from the ideologically extreme and militarily formidable Nusra Front was suspicious of the activists’ secular, nonviolent agenda.
On Thursday, mistrust erupted into confrontation. Masked men believed to be with Al Nusra raided the headquarters of two secular civilian grass-roots organizations — setting in motion one of the most dramatic tests yet of the makeshift system of local governance that civilians and fighters have established in Saraqib, a rebel-held town.
The dispute also tests the clout of jihadist fighters and the ability of civilian opposition groups to stand up to them. The increasingly prominent role of jihadist battalions on the battlefield in Syria worried the United States enough to blacklist Al Nusra last year as a terrorist organization, an effort to isolate it that may have backfired. The Syrian opposition is ambivalent about the group: while many antigovernment activists oppose its vision of an Islamic state and complain of attempts to enforce pious practices, its relatively steady arms supply and string of battleground victories have brought it respect.
The dispute in Saraqib began when a group of masked men raided two organizations run by local activists, a new cultural club and a social work office, the activists said. At the second office, where Danish journalists and two visiting female Syrian activists were staying, the men seized fliers advocating nonviolence, and ordered the group to leave town by sunrise, according to activists and one of the journalists, a filmmaker. The masked men were angry, the witnesses said, in part because the visiting Syrian activists were not covering their hair in accordance with the practice of many pious Muslims. The men also declared that they preferred foreign journalists entering the country to be men.
Northern Syria is socially conservative, and many people there, regardless of their feelings about extremist groups, might expect female visitors to cover their hair. One activist in the area said the Syrian women had upset people with their dress and behavior. The filmmaker, who asked not to be named for safety reasons, said the women were respectful and came from a group called Waw al-Wasel that had produced an ethics guide for rebel fighters, quoting the Koran and other sources.
A number of Saraqib activists were enraged by the masked men’s interference with Syrian civilian activities. They denounced the fighters on social media. “Shabiha,” one activist, Ahmed Kaddour, called them in a Facebook post, using a term usually reserved for pro-government militias. But they also decided to fight back more concretely.
A contingent of local activists and 40 other residents went to the town’s court of Islamic law and filed a complaint. They insisted on holding accountable the local council, whose security committee the masked men claimed to represent, and the town’s military command, the Revolutionary Front of Saraqib. Both groups denied involvement and refused to confront the attackers. That further angered the activists, who said they had recognized the intruders as Nusra members and complained that the local council and military commanders were either sanctioning or ignoring abuse.
“We are currently waiting for the court to finish its investigation,” Assaad Kanjo, 21, a local activist with both Islamist and secular contacts, said in an interview via Skype. “We hold the Revolutionary Front of Saraqib responsible for the safety and well-being of all Syrian civilians and foreign and Arab journalists living in Saraqib.”
Members of Al Nusra later took a conciliatory tone, Mr. Kanjo said, sending mediators to the activists and calling for “extinguishing strife” and uniting against the government. Emboldened, the activists went a step further, demanding an official apology from the local council and the attackers’ brigade, and asking them to take disciplinary action against the attackers.
“I won’t put up with their intimidation tactics anymore,” said Iyas, a civil activist in Saraqib and the owner of the cultural club, who provided only his first name for safety reasons.
Hwaida Saad contributed reporting.
This article has been revised to reflect the following correction:
Correction: January 26, 2013
An earlier version of this article misidentified the time of day that masked men set as a deadline for visiting Syrian activists to leave Saraqib. It was sunrise, not sunset.
SAN FRANCISCO (AP) — Smartphone shipments rose 36 percent worldwide in the fourth quarter as the sleek devices supplanted personal computers and other gadgets on holiday shopping lists, according to a report released Friday.
The findings from the research firm International Data Corp. are the latest sign of the technology upheaval being wrought by the growing popularity of smartphones that can perform a wide variety of tasks, including surfing the Web and taking high-quality photos.
Companies whose fortunes are tied to the PC industry have been particularly hard hit by the shift to smartphones and tablet computers.
While some smartphone models were in short supply during the holiday season, fourth-quarter PC shipments fell by 6 percent from the previous year, according to another IDC report released earlier this month.
IDC estimates 219 million smartphones were shipped during the final three months of last year. That compares with nearly 161 million in the same 2011 period. Smartphones accounted for about 45 percent of all mobile phone shipments in the fourth quarter, the highest percentage recorded by IDC.
Samsung Electronics Co. retained its bragging rights as the smartphone leader, shipping nearly 64 million devices for a 29 percent share of the global market.
Apple Inc. ranked second with nearly 48 million iPhones shipped during the fourth quarter, translating into a market share of 22 percent.
For all of 2012, IDC estimated nearly 713 million smartphones were shipped worldwide, a 44 percent increase from the previous year. Meanwhile, annual PC shipments fell 3 percent from 2011, IDC said. It was the first annual decline since 2001.
Entering 2012, Apple held a slight edge over Samsung in the smartphone market. But Samsung sprinted past Apple during the year as it introduced an array of models, most of which run on Google Inc.‘s free Android software. Samsung’s top-selling line, the Galaxy, boasts larger display screens than the iPhone and other features.
Apple alleges Samsung’s devices illegally ripped off the iPhone’s innovations. After a high-profile trial in federal court, a jury in San Jose, Calif. sided with some of the patent infringement claims last August and decided Samsung should pay more than $ 1 billion in damages. Samsung has been trying to overturn the verdict.
Lower-priced smartphones from Samsung and other device makers also have hurt Apple, whose slowing iPhone growth has contributed to a $ 250 billion decline in its market value since its stock price peaked in late September.
IDC says Huawei Technologies Ltd.‘s emphasis on less expensive handsets helped it become the third largest smartphone maker with a market share of 5 percent at the end of the fourth quarter.
Gadgets News Headlines – Yahoo! News
01/26/2013 at 01:50 PM EST
Kutcher was one of the first to arrive at the official after party, hosted by Nur Khan Presents NK on Main Street for the cast and filmmakers and sponsored by Red Touch Media.
Kutcher was captivated by a floor-to-ceiling portrait of late Apple visionary Steve Jobs, whom Kutcher portrays in the film. Guests were quick to snap a photo of the actor admiring the subject of his role.
Without Kunis by his side, Kutcher very much remained a one-man guy, focusing his attention all night on his table of male friends and colleagues and posing for pictures with fans, according to an observer. The pride he takes in jOBS was palpable, as Kutcher was incredibly excited to chat about his film and role with all the guests who came up to greet him.
Co-star Ahna O'Reilly spent the evening in a very social mood, dancing to the beats of DJ Cash and catching up with co-star Josh Gad. Not to live down his "funny man" persona, Gad went into the evening entertaining all the guests and causing an uproar of laughter with Kutcher and O'Reilly while catching up about filming and their time at Sundance.
– Jennifer Garcia
New government figures show that flu cases seem to be leveling off nationwide. Flu activity is declining in most regions although still rising in the West.
The Centers for Disease Control and Prevention says hospitalizations and deaths spiked again last week, especially among the elderly. The CDC says quick treatment with antiviral medicines is important, in particular for the very young or old. The season's first flu case resistant to treatment with Tamiflu was reported Friday.
Eight more children have died from the flu, bringing this season's total pediatric deaths to 37. About 100 children die in an average flu season.
There is still vaccine available although it may be hard to find. The CDC has a website that can help.
___
CDC: http://www.cdc.gov/flu/
NEW YORK (Reuters) - Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now.
Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again.
The Standard & Poor's 500 Index <.spx> has gained 5.4 percent this year and closed above 1,500 - climbing to the spot where Wall Street strategists expected it to be by mid-year. The Dow Jones industrial average <.dji> is 2.2 percent away from all-time highs reached in October 2007. The Dow ended Friday's session at 13,895.98, its highest close since October 31, 2007.
The S&P has risen for four straight weeks and eight consecutive sessions, the longest streak of days since 2004. On Friday, the benchmark S&P 500 ended at 1,502.96 - its first close above 1,500 in more than five years.
"Once we break above a resistance level at 1,510, we dramatically increase the probability that we break the highs of 2007," said Walter Zimmermann, technical analyst at United-ICAP, in Jersey City, New Jersey. "That may be the start of a rise that could take equities near 1,800 within the next few years."
The most recent Reuters poll of Wall Street strategists estimated the benchmark index would rise to 1,550 by year-end, a target that is 3.1 percent away from current levels. That would put the S&P 500 a stone's throw from the index's all-time intraday high of 1,576.09 reached on October 11, 2007.
The new year has brought a sharp increase in flows into U.S. equity mutual funds, and that has helped stocks rack up four straight weeks of gains, with strength in big- and small-caps alike.
That's not to say there aren't concerns. Economic growth has been steady, but not as strong as many had hoped. The household unemployment rate remains high at 7.8 percent. And more than 75 percent of the stocks in the S&P 500 are above their 26-week highs, suggesting the buying has come too far, too fast.
MUTUAL FUND INVESTORS COME BACK
All 10 S&P 500 industry sectors are higher in 2013, in part because of new money flowing into equity funds. Investors in U.S.-based funds committed $3.66 billion to stock mutual funds in the latest week, the third straight week of big gains for the funds, data from Thomson Reuters' Lipper service showed on Thursday.
Energy shares <.5sp10> lead the way with a gain of 6.6 percent, followed by industrials <.5sp20>, up 6.3 percent. Telecom <.5sp50>, a defensive play that underperforms in periods of growth, is the weakest sector - up 0.1 percent for the year.
More than 350 stocks hit new highs on Friday alone on the New York Stock Exchange. The Dow Jones Transportation Average <.djt> recently climbed to an all-time high, with stocks in this sector and other economic bellwethers posting strong gains almost daily.
"If you peel back the onion a little bit, you start to look at companies like Precision Castparts
The gains have run across asset sizes as well. The S&P small-cap index <.spcy> has jumped 6.7 percent and the S&P mid-cap index <.mid> has shot up 7.5 percent so far this year.
Exchange-traded funds have seen year-to-date inflows of $15.6 billion, with fairly even flows across the small-, mid- and large-cap categories, according to Nicholas Colas, chief market strategist at the ConvergEx Group, in New York.
"Investors aren't really differentiating among asset sizes. They just want broad equity exposure," Colas said.
The market has shown resilience to weak news. On Thursday, the S&P 500 held steady despite a 12 percent slide in shares of Apple after the iPhone and iPad maker's results. The tech giant is heavily weighted in both the S&P 500 and Nasdaq 100 <.ndx> and in the past, its drop has suffocated stocks' broader gains.
JOBS DATA MAY TEST THE RALLY
In the last few days, the ratio of stocks hitting new highs versus those hitting new lows on a daily basis has started to diminish - a potential sign that the rally is narrowing to fewer names - and could be running out of gas.
Investors have also cited sentiment surveys that indicate high levels of bullishness among newsletter writers, a contrarian indicator, and momentum indicators are starting to also suggest the rally has perhaps come too far.
The market's resilience could be tested next week with Friday's release of the January non-farm payrolls report. About 155,000 jobs are seen being added in the month and the unemployment rate is expected to hold steady at 7.8 percent.
"Staying over 1,500 sends up a flag of profit taking," said Jerry Harris, president of asset management at Sterne Agee, in Birmingham, Alabama. "Since recent jobless claims have made us optimistic on payrolls, if that doesn't come through, it will be a real risk to the rally."
A number of marquee names will report earnings next week, including bellwether companies such as Caterpillar Inc
On a historic basis, valuations remain relatively low - the S&P 500's current price-to-earnings ratio sits at 15.66, which is just a tad above the historic level of 15.
Worries about the U.S. stock market's recent strength do not mean the market is in a bubble. Investors clearly don't feel that way at the moment.
"We're seeing more interest in equities overall, and a lot of flows from bonds into stocks," said Paul Zemsky, who helps oversee $445 billion as the New York-based head of asset allocation at ING Investment Management. "We've been increasing our exposure to risky assets."
For the week, the Dow climbed 1.8 percent, the S&P 500 rose 1.1 percent and the Nasdaq advanced 0.5 percent.
(Reporting by Ryan Vlastelica; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)
CAIRO — Violence erupted across the country on Friday as Egyptians marked the second anniversary of their revolution with an outpouring of rage against the power of the Muslim Brotherhood.
At least seven people were killed in the canal city of Suez, state news media reported. More than 250 people were injured as protesters clashed with security forces around government facilities across the country, including the Interior Ministry headquarters, the state television building and the presidential palace in Cairo. And unidentified assailants attacked Muslim Brotherhood offices in several cities, including Cairo, the Delta town of Demanhour, and the canal town of Ismailia, where the group was founded 85 years ago.
The chaos was the clearest demonstration yet of the chasm of animosity and distrust dividing the Brotherhood and its opponents.
Although the Islamists of the Brotherhood have dominated elections since the ouster of the longtime president, Hosni Mubarak, two years ago, another broad segment of the population harbors deep suspicions of the group’s conservative ideology, hierarchical structure and insular ethos. Those doubts were redoubled last month when President Mohamed Morsi, with the Brotherhood’s political party, temporarily overruled the authority of the judiciary in order to ensure that his allies could push through an Islamist-backed constitution to a referendum despite the objection of other parties and the Coptic Christian Church.
It was also the latest confirmation that the Brotherhood had inherited not only Mr. Mubarak’s presidential palace, but also the blame for Egypt’s myriad problems.
On Friday, five months after Mr. Morsi took power from Egypt’s interim military rulers, the demonstrators’ main complaint was that the Islamists had failed to fulfill the social welfare and social justice demands of the original uprising. A banner in the center of the square called for the repeal of the Islamist-backed Constitution, passed in a referendum last month, which opponents say failed to enshrine ironclad guarantees of individual freedoms.
“The Egyptian people had so many dreams and the reality on the ground is, everything is still the same,” said Mohamed Adl, 41, a teacher who carried a sign with a handwritten poem accusing the Brotherhood of making “injustice the guard of our lives.”
Protesters at times seemed to be re-enacting scenes from the 18-day revolt in 2011 that toppled Mr. Mubarak. The loudest chants were recycled from the revolution — “Leave, leave” and “The people want the fall of the regime.” Others were adapted slightly to focus on the Islamist Brotherhood, calling for an end to “the rule by the supreme guide,” Mohamed Badie, the Brotherhood’s spiritual leader.
By early afternoon in Cairo, a few dozen protesters at one corner of the square — many of them apparently teenagers — had begun to throw rocks over a cement barrier at security forces massed around the Interior Ministry building, resuming an intermittent battle that had begun the day before in anticipation of the anniversary. The security officers, as they typically do, threw back some of the rocks, and plumes of tear gas sailed overhead past a church steeple up the street.
State news media reported at around 3 p.m. that four people had been injured in the clashes with security forces near the square, in addition to 25 injured since the battle began the day before.
Osama Amir, 22, a student walking from the fight, said he did not know how it started or why. “People have lost confidence in the central security forces, so when there is a chance to beat them up, we will beat them up,” he said.
A little while later, another fight broke out when demonstrators passed the office of the Muslim Brotherhood Web site on their way to the square and threw rocks at it. Other civilians — it was unclear whether they were annoyed neighbors or Brotherhood supporters — rushed out to strike back at the protesters, and a street vendor’s kiosk was burned in the melee.
Simultaneously, a group of masked men broke into the building and ransacked the Brotherhood office, overturning furniture, destroying computers and breaking glass. Neighbors of the building said the attack appeared to have been planned because the men had brought acid to break through a padlock.
The Brotherhood, hoping to avoid the kind of factional clashes that killed 10 people in December, had urged its supporters to stay away from the square and observe the anniversary with community service projects around the country.
Both the Brotherhood and its opponents are looking ahead to parliamentary elections expected to be held in April, and critics of the Brotherhood contended that its community service drive was in part an effort to curry favor with needy voters. The opposition had poured most of its energy into Friday’s demonstrations, and its critics said it was once again wasting its time on street protests while the Islamists had already turned their attention to the more important electoral battle.
“It is important that people go down to the square, if for no other reason than to remind Egypt, and themselves, that something really special happened during those 18 days two years ago,” said H. A. Hellyer, a researcher based here with the Brookings Institution. “That energy, however, can’t stay in the square,” he said. “It’s got to be channeled.”
But some demonstrators argued that the public protests were a first step toward building a more potent political movement that might someday counterbalance the Islamists. “Nothing tangible will come of today, and I don’t think anything tangible with happen with the elections,” said Ayman Roshdy, 57, a retired marketing consultant. “But there is hope. What is happening today is part of the process of building hope.
“The Islamists have been saying that they are the good guys,” he continued. “Now they are in control and they are being exposed by the minute. And we are building a political movement that will help us to produce a reasonable government.”
By late afternoon, other marches from around the city, some led by well-known leaders of the political opposition, were streaming toward the square and the crowd was expected to swell by nightfall, along with the potential for more violence.
MOSCOW (Reuters) – Russian internet company Yandex said on Friday its new experimental application to search on social networking sites from mobile devices was blocked by Facebook.
The Wonder app is a recommendation tool for devices using Apple’s iOS software that allows U.S. users of social networks to retrieve information from these sites by voice or by typing questions.
The application was released late on Thursday for users of Facebook, Instagram, Foursquare and Twitter but was blocked by Facebook three hours after the launch, a Yandex spokesman said.
He added that talks between Yandex and Facebook, aimed to establish the reason of the issue and resolve it, were to begin within hours. He gave no reason for the problem.
Facebook was not available for comment.
With the new app, Yandex wants to test the opportunities offered by social networks. If successful, the company will consider offering it to users in Russia and Turkey, he said.
Shares in Yandex, Russia’s most popular search engine, gained 0.8 percent in early trade on Friday.
(Reporting by Maria Kiselyova; Editing by Mike Nesbit)
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