Civility efforts seek better behavior on campus

























COLUMBIA, Mo. (AP) — Jewish students in the University of California system labeled terrorists for their support of Israel. Black high school students pelted by bananas on a Tennessee campus tour. A hostile student in Maryland challenging his professor to a fight after the teacher limited the use of cell phones and laptops during lectures.


In a society where anonymous Internet commenters freely lob insults, and politicians spew partisan barbs, the decline of basic civility isn’t limited to academia. But the push for more polite discourse — often as an extension of more entrenched diversity efforts — is firmly taking root on campus.





















From the University of Missouri to Penn State and Vanderbilt, colleges across the country are treating the erosion of common decency as a public health epidemic on par with measles outbreaks and sexually transmitted diseases.


“What we’re trying to do is remind me people of what they already know, to get back in touch with things they probably learned growing up,” said Noel English, who heads a new Missouri civility campaign called “Show Me Respect,” a nod to the state’s nickname.


The Missouri campaign comes after two white students pleaded guilty in April 2010 to misdemeanor littering charges for dumping cotton balls outside the school’s black culture center during Black History Month; the students were sentenced to 80 hours of community service, two years of probation and had their driver licenses suspended for two months. A 2009 survey of more than 3,500 students found that nearly one in seven reported incidents of harassment on campus, from racial slurs to hostile emails.


At a campus civility workshop earlier this week, Eric Waters, a junior from Mansfield, Texas, who is the football team’s starting tight end, described how other students often label Mizzou football players as “mean” and “disrespectful” womanizers, sometimes to his face.


“It’s not about the stereotypes people put on us,” he said. “We try to carry ourselves like true gentlemen.”


The University of Tennessee enacted its civility campaign in 2011. There had been a cotton ball incident at the Knoxville school’s black cultural center after President Barack Obama‘s election and, in 2010, bananas were thrown at a group of more than 100 black high school students from Memphis during a campus visit.


“We want to be a campus that’s welcoming to all, and hostile to none,” said Chancellor Jimmy Cheek, who now outlines the school’s 10 “principles of civility and community” at freshman orientation. The shared values range from inclusivity and collegiality to respect and integrity.


In some cases, the campus civility campaigns are being challenged by First Amendment advocates who fear that such programs muzzle unpopular speech in the name of tolerance and diversity.


That was the complaint at North Carolina State University, which revised a residence hall policy that, among other stipulations, prohibited dorm dwellers from wearing T-shirts or hanging posters “disrespectful and hurtful to others” while also requiring students to “confront behavior or report to staff incidents of incivility and intolerance.”


The new policy now includes a written caveat calling the civility effort a set of “voluntary expectations” while emphasizing that the school is “strongly committed to freedom of expression.”


“Civility is an important value,” said Robert Shibley, senior vice president of the Foundation for Individual Rights in Education, which protested the Raleigh university’s civility policy. “But at the same time, it can’t be made the paramount issue in a free society, because there has to be space for people who have intense feelings about things to express those feelings in a way that really communicates the urgency and the depths of feeling that lies behind their opinions.”


When campuses attempt to compel civil behavior, Shibley said, they become “so committed to civility that if you say something uncivil, you are going to be penalized In some way, that’s going too far. It starts to infringe on the very expressions that are protected by the First Amendment.”


Many credit Pier Forni, a professor of Italian literature at Johns Hopkins University, as the dean of the campus civility movement. He started the Hopkins Civility Project 15 years ago, wrote the 2002 book “Choosing Civility” and is a frequent guest speaker on other campuses, including at Missouri earlier this year.


For Forni, the culprits behind contemporary incivility are numerous, from what he called “the crisis of civil engagement” in this country to eroding workplace manners to “radical informality” heightened by Facebook and related social media. Yet he has no interest in making civil behavior a campus requirement.


“Civility should be promoted, not believed in,” he said. “Civility is not something to enforce. “


Among the schools embracing those beliefs is the University of Arizona, which last year opened the National Institute for Civil Discourse after the shootings in Tucson, Ariz., that killed six people and injured 13, including Rep. Gabrielle Giffords.


In 2010, Rutgers University launched its “Project Civility” just before freshman Tyler Clementi killed himself when a roommate secretly recorded the teen’s sexual encounter with another man. English, the Missouri campaign leader, said the New Jersey student’s suicide helped influence her decision to start a program on campus.


She, too, favors the voluntary approach, though her initial instincts said otherwise.


“My first thought was, ‘I’m a lawyer, we need a rule or a policy,’ but then my thinking was, ‘That’s not really necessary,’” she said. “We can have all the policies in the world, but what we want to do is raise awareness and get people thinking … We want to change the culture so it just becomes embedded.”


Or, as Noor Azizan-Gardner, Missouri’s chief diversity officer, put it: “I’m hoping when they graduate they will know what it means to be civil, kind and compassionate.”


___


Online:


Show Me Respect: http://civility.missouri.edu/


University of Tennessee Principles of Civility and Community: http://civility.utk.edu/


Foundation for Individual Rights in Education: http://thefire.org/


___ Alan Scher Zagier can be reached at http://twitter.com/azagier


Gadgets News Headlines – Yahoo! News



Read More..

NBC to hold a benefit concert for Sandy victims

























NEW YORK (AP) — NBC will hold a benefit concert Friday for victims of Hurricane Sandy featuring some artists native to the areas hardest hit.


Bruce Springsteen and Jon Bon Jovi of New Jersey and Billy Joel of Long Island are scheduled to appear at the concert, hosted by “Today” show co-host Matt Lauer.





















Other performers include Christina Aguilera, Sting and Jimmy Fallon.


The telecast will benefit the American Red Cross and will be shown on NBC and its cable stations including Bravo, CNBC, USA, MSNBC and E! Other networks are invited to join in.


“Hurricane Sandy: Coming Together” will air at 8 p.m. EDT and will be taped-delayed in the West.


The telethon will be broadcast from NBC facilities in Rockefeller Center in New York City.


___


NBC is controlled by Comcast Corp.


Entertainment News Headlines – Yahoo! News



Read More..

La desvenlafaxina actúa contra los sofocos: estudio

























NUEVA YORK (Reuters Health) – El antidepresivo


desvenlafaxina (Pristiq, de Pfizer) reduce los sofocos en las





















mujeres postmenopáusicas, según señala un equipo médico.


A pesar de este resultado, que surge de un subestudio de un


ensayo aleatorio, la Administración de Alimentos y Medicamentos


de Estados Unidos (FDA, por su sigla en inglés) rechazó la


solicitud de Pfizer de aprobación de desvenlafaxina para el


tratamiento de los síntomas vasomotores de la menopausia, como


los sofocos, moderados a graves.


“El único tratamiento que aprobó la FDA para los sofocos de


la menopausia es la terapia con estrógeno”, dijo por e-mail la


autora principal, doctora JoAnn V. Pinkerton. “Las mujeres


necesitan alternativas no hormonales. Necesitan opciones”.


En Menopause, el equipo de Pinkerton, del Sistema de Salud


de University of Virginia, Charlottesville, publica los


resultados de un subestudio de efectividad de 12 semanas de


duración durante un estudio de un año con desvenlafaxina.


El grupo a tratar incluía 365 mujeres que, al azar, tomaron


100 mg/día de desvenlafaxina o placebo. Comparado con el


placebo, el fármaco redujo significativamente la cantidad y la


gravedad de los sofocos a la cuarta y la decimosegunda semanas.


A la semana número 12, desvenlafaxina redujo un 62 por


ciento la cantidad diaria de sofocos moderados y graves,


mientras que el placebo lo hizo un 38 por ciento, mientras que


la gravedad de los síntomas disminuyó, respectivamente un 25 y


12 por ciento.


Los autores analizaron también “una diferencia clínicamente


poco significativa”, es decir, una reducción de 5,35 sofocos


moderados y graves por día. Este resultado se obtuvo en el 64


por ciento de las mujeres tratadas con desvenlafaxina y en el 41


por ciento del grupo control.


“La desvenlafaxina es un tratamiento no hormonal seguro,


bien tolerado y efectivo, con reducciones estadísticamente y


clínicamente significativas de la frecuencia y la gravedad de


los sofocos en las mujeres postmenopáusicas con sofocos de


rápida aparición”, afirmó el equipo.


Pfizer retiró su solicitud de la FDA en febrero, pero el


producto sigue disponible para tratar el trastorno depresivo


mayor.


Pinkerton agregó por e-mail: “Es importante desarrollar


alternativas porque hasta el 75 por ciento de las mujeres padece


sofocos en la menopausia y el 25 por ciento de ellas necesita un


tratamiento”.


La autora comentó también que existen otros remedios no


hormonales. Dijo a Reuters Health que con su equipo evaluó la


gabapentina de liberación extendida (Serada, de Depomed) versus


placebo en un ensayo durante 24 semanas con 600 mujeres


postmenopáusicas.


La frecuencia y la intensidad de los sofocos disminuyeron


con gabapentina a las 12 y 24 semanas, y los sofocos “mejoraron


mucho” o “mejoraron” a las 24 semanas.


Los resultados fueron presentados este mes en la reunión


anual de la Sociedad Norteamericana de Menopausia. También este


mes, la FDA aceptó una nueva solicitud de aprobación para


Serada.


FUENTE: Menopause, online 25 de octubre del 2012


Seniors/Aging News Headlines – Yahoo! News



Read More..

Barclays in new regulatory probes


























UK bank Barclays has announced that it is the subject of two new regulatory probes, soon after a series of scandals that have dented its reputation.





















US authorities are looking at whether the way that Barclays won business complied with the Foreign Corrupt Practices Act.


The bank disclosed the probes as it reported a pre-tax statutory loss of £47m for the third quarter, down from a £2.4bn profit last year.


Shares in the bank fell 4.7%.


The loss includes charges to cover the payment protection insurance (PPI) mis-selling scandal.


“The spectre of more damage to the bank’s reputation in the form of further regulatory probes is weighing heavily on the shares,” said Richard Hunter, head of equities at Hargreaves Lansdown.


“Barclays’ outlook statement is also cautious, whilst the previously announced extra PPI provision has dented the overall performance. On the upside, the bank has seen a reduction in impairments and costs, has further bolstered its capital position and has reduced its exposure to the weak peripheral European markets.”


Scandals


The US Department of Justice and the Securities and Exchange Commission are looking into how Barclays won its business, while the second probe is by the US Federal Energy Regulatory Commission (Ferc), which has been investigating Barclays power trading in the western US with respect to the period from late 2006 through 2008.


Ferc alleges that Barclays bought and sold electricity in enough volume to move exchange prices up or down to benefit the lender’s positions.


“Barclays intends to vigorously defend this matter,” the bank said.


The SEC conducts its investigations privately and a spokesperson declined to comment when contacted by the BBC.


Barclays’ adjusted profits, not including additional charges, were £1.7bn, up from £1.3bn for the quarter last year.


Continue reading the main story


The bank said it needed to set aside a further £700m for PPI claims, on top of £1bn in 2011 and £300m in the first quarter of this year that it anticipated.


Chief executive Antony Jenkins said the results show “good momentum in our businesses despite the difficulties we faced through this period”.


Mr Jenkins took over at a difficult time for the banking group, which has seen its reputation severely dented. In June, Barclays was fined £290m by UK and US regulators for attempting to manipulate Libor, an interbank lending rate which affects mortgages and loans.


The scandal saw previous boss Bob Diamond and chairman Marcus Agius depart the bank.


And in August, the Serious Fraud Office started an investigation into payments between Barclays’ bank and Qatar Holding in 2008 when the bank was raising money in the Middle East during the banking crisis.


The entire financial services industry has come under scrutiny since the financial crisis in 2008.


The industry’s reputation has been battered further by the mis-selling of PPI, and the mis-selling of specialist insurance – called interest rate swaps – to small businesses.


Barclays has set aside provisions of £450m for interest-rate hedging products, it said.


It had already said it would take a £1.01bn charge related to revaluing the cost of its debt on its balance sheet.


In the third quarter, Barclays said its staff costs fell 9% to almost £2bn, including an increase in deferred charges for bonuses in previous years to £942m.


BBC News – Business



Read More..

Syrian air force on offensive after failed truce

























AMMAN (Reuters) – Syrian warplanes bombed rebel targets with renewed intensity on Tuesday after the end of a widely ignored four-day truce between President Bashar al-Assad‘s forces and insurgents.


State television said “terrorists” had assassinated an air force general, Abdullah Mahmoud al-Khalidi, in a Damascus suburb, the latest of several rebel attacks on senior officials.





















In July, a bomb killed four of Assad‘s aides, including his brother-in-law Assef Shawkat and the defense minister.


Air strikes hit eastern suburbs of Damascus, outlying areas in the central city of Homs, and the northern rebel-held town of Maarat al-Numan on the Damascus-Aleppo highway, activists said.


Rebels have been attacking army bases in al-Hamdaniya and Wadi al-Deif, on the outskirts of Maarat al-Numan.


Some activists said 28 civilians had been killed in Maarat al-Numan and released video footage of men retrieving a toddler’s body from a flattened building. The men cursed Assad as they dragged the dead girl, wearing a colorful overall, from the debris. The footage could not be independently verified.


The military has shelled and bombed Maarat al-Numan, 300 km (190 miles) north of Damascus, since rebels took it last month.


“The rebels have evacuated their positions inside Maarat al-Numaan since the air raids began. They are mostly on the frontline south of the town,” activist Mohammed Kanaan said.


Maarat al-Numan and other Sunni towns in northwestern Idlib province are mostly hostile to Assad’s ruling system, dominated by his minority Alawite sect, an offshoot of Shi’ite Islam.


Two rebels were killed and 10 wounded in an air strike on al-Mubarkiyeh, 6 km (4 miles) south of Homs, where rebels have besieged a compound guarding a tank maintenance facility.


Opposition sources said the facility had been used to shell Sunni villages near the Lebanese border.


“WE’LL FIX IT”


The army also fired mortar bombs into the Damascus district of Hammouria, killing at least eight people, activists said.


One video showed a young girl in Hammouria with a large shrapnel wound in her forehead sitting dazed while a doctor said: “Don’t worry dear, we’ll fix it for you.”


Syria’s military, stretched thin by the struggle to keep control, has increasingly used air power against opposition areas, including those in the main cities of Damascus and Aleppo. Insurgents lack effective anti-aircraft weapons.


U.N.-Arab League envoy Lakhdar Brahimi has said he will pursue his peace efforts despite the failure of his appeal for a pause in fighting for the Muslim Eid al-Adha holiday.


But it is unclear how he can find any compromise acceptable to Assad, who seems determined to keep power whatever the cost, and mostly Sunni Muslim rebels equally intent on toppling him.


Big powers and Middle Eastern countries are divided over how to end the 19-month-old conflict which has cost an estimated 32,000 dead, making it one of the bloodiest of Arab revolts that have ousted entrenched leaders in Tunisia, Egypt and Libya.


The United Nations said it had sent a convoy of 18 trucks with food and other aid to Homs during the “ceasefire”, but had been unable to unload supplies in the Old City due to fighting.


“We were trying to take advantage of positive signs we saw at the end of last week. The truce lasted more or less four hours so there was not much opportunity for us after all,” said Jens Laerke, a U.N. spokesman in Geneva.


The prime minister of the Gulf state of Qatar told al-Jazeera television late on Monday that Syria’s conflict was not a civil war but “a war of annihilation licensed firstly by the Syrian government and secondly by the international community”.


Sheikh Hamad bin Jassim al-Thani said some of those responsible were on the U.N. Security Council, alluding to Russia and China which have vetoed three Western-backed U.N. draft resolutions condemning Assad.


He said that the West was also not doing enough to stop the violence and that the United States would be in “paralysis” for two or three weeks during its presidential election.


(Additional reporting by Raissa Kasolowsky in Abu Dhabi and Stephanie Nebehay in Geneva; Writing by Oliver Holmes; Editing by Alistair Lyon)


World News Headlines – Yahoo! News



Read More..

U.S. seeks patriotic computer geeks for help in cyber crisis

























BOSTON (Reuters) – The Department of Homeland Security is considering setting up a “Cyber Reserve” of computer security experts who could be called upon in the event of a crippling cyber attack.


The idea came from a task force the agency set up to address what has long been a weak spot – recruiting and retaining skilled cyber professionals who feel they can get better jobs and earn higher salaries, in the private sector.





















“The status quo is not acceptable,” DHS Deputy Secretary Jane Holl Lute told Reuters in a recent interview. “We are not standing around. There is a lot to do in cyber security.”


Lute said she hopes to have a working model for a Cyber Reserve within a year, with the first members drawn from retired government employees now working for private companies. The reserve corps might later look to experts outside of government.


The United States has become increasingly vocal about the need to beef up cyber defenses as Iranian hackers have repeatedly attacked the nation’s three biggest banks over the past year, raising the stakes in a long-running battle to protect private companies from digital attacks.


The detonation of a cyber “time bomb” at Saudi Arabia’s state-owned oil company in August caused unprecedented damage at a private company, pulling 30,000 PCs out of service and raising concerns that similar attacks could occur in the United States.


Defense Secretary Leon Panetta said on October 11 that the country faces a potential “cyber Pearl Harbor” and that foreign groups have gained access to computer systems that control critical U.S. infrastructure, such as chemical, electricity and water plants.


The Department of Homeland Security has had trouble attracting and retaining top cyber talent since it was created after 9/11 in a massive merger of 22 agencies in 2002. In its early days, the DHS farmed out cyber work to contractors so it could quickly get systems running to improve national security.


As a result, the agency tends to award the most coveted cyber jobs to outside contractors. Those positions include forensics investigators, posts on “flyaway teams” that probe suspected cyber attacks and intelligence liaisons.


“It’s not the money that makes people go to the contractors. It’s the cool jobs,” said Alan Paller, co-chair of the DHS task force. “People want the excitement.”


The task force advised the DHS to give more exciting cyber work to government workers to help with retention.


NSA VS DHS


Over the past decade, only 3 percent of students who won scholarships through a prestigious government-funded program known as CyberCorps have taken jobs with DHS. In contrast, nearly a third chose the National Security Agency, according to the task force.


Tony Sager, a task force member and former NSA senior official, said the military intelligence agency has a strong “brand” that opens doors for recruiters.


“DHS doesn’t have that sense of ‘Wow,’” he said. “There are plenty of cool jobs at DHS. The job is identifying them.”


The NSA has spent decades building cachet with university students through on-campus programs and, more recently, with children through cartoon puzzles on the Web. Once people join the NSA, they typically stay for a long time, said Sager, who retired this year after 34 years at the agency.


The DHS task force recommended it set up two-year cyber programs at community colleges to train large numbers of people and encourage military veterans to participate. Lute said the first of those programs could start next year.


Jeff Moss, who co-chairs the task force, said the community college programs would produce more graduates than needed, but the question is how many of them would want to work for DHS.


“Hopefully we’ll get our fair share,” said Moss, who founded the Def Con hacking convention 20 years ago during a summer break before he started law school.


The DHS may need to boost salaries as well. One former agency official who left government for a job with a private company said that some staff quit DHS jobs, then were immediately returned as employees for outside contractors.


“On Friday they are a government employee working making $ 80,000 a year. On Monday they are a contractor at the same desk and the government is paying them roughly $ 150,000,” he said.


(Reporting By Jim Finkle; Editing by Tiffany Wu and Andre Grenon)


Internet News Headlines – Yahoo! News



Read More..

Brad Pitt donates $100K for gay marriage effort

























WASHINGTON (AP) — Brad Pitt has agreed to donate $ 100,000 to help the Human Rights Campaign raise money for its efforts to support same-sex marriage initiatives in several states.


The nation’s largest gay rights group announced Wednesday that Pitt agreed to match contributions from the group’s members up to $ 100,000.





















In an e-mail to members of the Human Rights Campaign, Pitt wrote that it’s “unbelievable” that people’s relationships will be put to a vote on Election Day.


Same-sex marriage will be on the ballot in Maryland, Maine, Minnesota and Washington state.


The Washington, D.C.-based Human Rights Campaign says it has spent $ 8 million to push for marriage equality for gays and lesbians over the past two years, including $ 5 million in the four ballot measures this year.


Entertainment News Headlines – Yahoo! News



Read More..

A little exercise may help kids with ADHD focus

























NEW YORK (Reuters Health) – Twenty minutes of exercise may help kids with attention-deficit hyperactivity disorder (ADHD) settle in to read or solve a math problem, new research suggests.


The small study, of 40 eight- to 10-year-olds, looked only at the short-term effects of a single bout of exercise. And researchers caution that they are not saying exercise is the answer to ADHD.





















But it seems that exercise may at least do no harm to kids’ ability to focus, they say. And further studies should look into whether it’s a good option for managing some children’s ADHD.


“This is only a first study,” said lead researcher Matthew B. Pontifex, of Michigan State University in East Lansing.


“We need to learn how long the effects last, and how exercise might combine with or compare to traditional ADHD treatments” like stimulant medications, Pontifex explained.


He noted that there’s been a lot of research into the relationship between habitual exercise and adults’ thinking and memory, particularly older adults’. But little is known about kids, even though some parents, teachers and doctors have advocated exercise for helping children with ADHD.


So for their study, Pontifex and his colleagues recruited 20 children with diagnosed or suspected ADHD, and 20 ADHD-free kids of the same age and family-income level.


All of the children took a standard test of their ability to ignore distractions and stay focused on a simple task at hand – the main “aspect of cognition” that troubles kids with ADHD, Pontifex noted. The kids also took standard tests of reading, spelling and math skills.


Each child took the tests after either 20 minutes of treadmill exercise or 20 minutes of quiet reading (on separate days).


Overall, the study found, both groups of children performed better after exercise than after reading.


On the test of focusing ability, the ADHD group was correct on about 80 percent of responses after reading, versus about 84 percent after exercise. Kids without ADHD performed better – reaching about a 90 percent correct rate after exercise.


Similarly, both groups of kids scored higher on their reading and math tests after exercise, versus post-reading.


It’s hard to say what those higher one-time scores could mean in real life, according to Pontifex, who published his results in The Journal of Pediatrics.


One of the big questions is whether regular exercise would have lasting effects on kids’ ability to focus or their school performance, he said.


And why would exercise help children, with or without ADHD, focus? “We really don’t know the mechanisms right now,” Pontifex said.


But there is a theory that the attention problems of ADHD are related to an “underarousal” of the central nervous system. It’s possible that a bout of exercise helps kids zero in on a specific task, at least in the short term.


Parents and experts alike are becoming more and more interested in alternatives to drugs for ADHD, Pontifex noted. It’s estimated that 44 percent of U.S. children with the disorder are not on any medication for it.


And even when kids are using medication, additional treatments may help them cut down their doses. Pontifex said future studies should look at whether exercise fits that bill.


“We’re not suggesting that exercise is a replacement, or that parents should pull their kids off of their medication,” Pontifex said.


But, he added, they could encourage their child to be active for the overall health benefits, and talk with their doctor about whether exercise could help manage ADHD specifically.


“Exercise is beneficial for all children,” Pontifex noted. “We’re providing some evidence that there’s an additional benefit on cognition.”


SOURCE: http://bit.ly/RR5Dh3 The Journal of Pediatrics, online October 19, 2012.


Medications/Drugs News Headlines – Yahoo! News



Read More..

Global shares see modest rise as U.S. storm impact assessed

























LONDON (Reuters) – World shares rose modestly in subdued trading on Tuesday as investors waited to see the full impact of a massive storm that wrought destruction across the eastern United States.


The monster storm, code-named Sandy, was responsible for at least 15 deaths, left millions without power, and has closed much of New York’s financial district.





















Wall Street shut for a second day, and bond trading was also halted as the focus switched to whether markets would be able to resume activity on the final day of the month on Wednesday, which is key to pricing investment portfolios.


The FTSEurofirst 300 index of top European shares <.FTEU3> was up 0.75 percent at 1,101.75 points and, after gains earlier in Asia, the MSCI world equity index <.MIWD00000PUS> had risen 0.3 percent to 328.86 points.


U.S. stock index futures, which kept trading in Europe, edged lower, but volumes were very light. <.N>


“We’re a bit lost without Wall Street, frankly,” said Alexandre Tixier, technical analyst at TradingSat, in Paris.


Across European stock markets, attention was on corporate earnings, with results from well known names like Germany’s Deutsche Bank , Swiss banking giant UBS and oil major BP lifting prices. UBS shares leapt over four percent as it confirmed a plan to cut 10,000 jobs.


Britain’s FTSE 100 index <.FTSE> was up 0.75 percent, Germany’s DAX index <.GDAXI> up 0.9 percent and Switzerland’s SMI index <.SSMI> up 0.5 percent.


MODEST BOJ MOVE


In the currency markets, which remained open, the dollar lost ground against a resurgent yen after the Bank of Japan eased policy less aggressively than had been hoped for at its regular policy setting meeting.


The BOJ increased its monetary stimulus for a second month running, this time by 11 trillion yen ($ 138.5 billion), disappointing many who had positioned for a more aggressive increase.


“It was a very skeptical response to the BOJ policy meeting, made worse by the fact they have revised lower the growth and inflation outlook,” said Jane Foley, senior currency strategist at Rabobank. “That has seen the yen unwind a lot of the softer tone we saw going into this meeting.”


The dollar hit a one-week low of 79.25 yen and was down 0.3 percent against a basket of major currencies at 79.67 points <.DXY>.


The weaker dollar helped the European common currency climb 0.4 percent to $ 1.2958, while news the Spanish economy had shrunk slightly less than expected in the third quarter and Italy’s borrowing costs had fallen also supported the euro.


But gains for the single currency are expected to be limited by continuing questions over whether Greece can agree a deal with its creditors, and when Spain might request financial aid.


Spain’s economy contracted for a fifth straight quarter between July and September, and prices rose, according to new data, keeping pressure on the government to take some action as the prospect of further civil unrest grows.


“Spain’s economy is suffering terribly, which will continue to hit government revenues, and a modest decline in bond yields will not solve the problem,” said Kit Juckes, strategist at Societe Generale.


Prime Minister Mariano Rajoy has maintained an ambivalent stance towards applying for a politically embarrassing rescue that would kickstart an ECB bond-buying programme and ease financing costs.


Investors, too, seem willing to wait; 10-year Spanish bond yields were little changed at 5.67 percent.


German government bonds, the benchmark of European fixed-income markets, were also mostly flat.


Italy was even able to sell 7 billion euros of new five- and 10-year government bonds at its lowest cost since May 2011.


Italian 10-year yields dipped 1 basis point lower on the day to 5 percent, having risen about 25 basis points in the last two weeks.


OIL FLOATS


In oil markets, prices were edging higher as traders awaited news of the damage inflicted by Sandy on refineries and pipelines on the U.S. east coast, though weaker demand from the storm-hit region capped gains.


Brent crude for December rose 8 cents to $ 109.36 a barrel, recovering from a fall to $ 108.75 earlier, while U.S. crude for December was up 60 cents at $ 86.14.


U.S. gasoline futures were little changed at $ 2.7530 a gallon, after climbing more than 5 cents on Monday on expectations of tighter supply.


“People are just holding back a little bit to see if there’s any real damage and impact, and at the moment it’s too hard to see,” said Bjarne Schieldrop, an analyst at SEB in Oslo.


(Additional reporting by Nia Williams, Blaise Robinson and Alice Baghdjian; Editing by Will Waterman)


Business News Headlines – Yahoo! News



Read More..

Cuba’s 2nd city without power, water after Sandy

























HAVANA (AP) — Residents of Cuba‘s second-largest city of Santiago remained without power or running water Monday, four days after Hurricane Sandy made landfall as the island’s deadliest storm in seven years, ripping rooftops from homes and toppling power lines.


Across the Caribbean, the storm’s death toll rose to 69, including 52 people in Haiti, 11 in Cuba, two in the Bahamas, two in the Dominican Republic, one in Jamaica and one in Puerto Rico.





















Cuban authorities have not yet estimated the economic toll, but the Communist Party newspaper Granma reported there was “severe damage to housing, economic activity, fundamental public services and institutions of education, health and culture.”


Yolanda Tabio, a native of Santiago, said she had never seen anything like it in all her 64 years: Broken hotel and shop windows, trees blown over onto houses, people picking through piles of debris for a scrap of anything to cover their homes. On Sunday, she sought solace in faith.


“The Mass was packed. Everyone crying,” said Tabio, whose house had no electricity, intermittent phone service and only murky water coming out of the tap on Monday. “I think it will take five to ten years to recover. … But we’re alive.”


Sandy came onshore early Thursday just west of Santiago, a city of about 500,000 people in agricultural southeastern Cuba. It is the island’s deadliest storm since 2005′s Hurricane Dennis, a category 5 monster that killed 16 people and did $ 2.4 billion in damage. More than 130,000 homes were damaged by Sandy, including 15,400 that were destroyed, Granma said.


“It really shocked me to see all that has been destroyed and to know that for many people, it’s the effort of a whole lifetime,” said Maria Caridad Lopez, a media relations officer at the Roman Catholic Archdiocese in Santiago. “And it disappears in just three hours.”


Lopez said several churches in the area collapsed and nearly all suffered at least minor damage. That included the Santiago cathedral as well as one of the holiest sites in Cuba, the Sanctuary of the Virgin del Cobre. Sandy’s winds blew out its stained glass windows and damaged its massive doors.


“It’s indescribable,” said Berta Serguera, an 82-year-old retiree whose home withstood the tempest but whose patio and garden did not. “The trees have been shredded as if with a saw. My mango only has a few branches left, and they look like they were shaved.”


On Monday, sound trucks cruised the streets urging people to boil drinking water to prevent infectious disease. Soldiers worked to remove rubble and downed trees from the streets. Authorities set up radios and TVs in public spaces to keep people up to date on relief efforts, distributed chlorine to sterilize water and prioritized electrical service to strategic uses such as hospitals and bakeries.


Enrique Berdion, a 45-year-old doctor who lives in central Santiago, said his small apartment building did not suffer major damage but he had been without electricity, water or gas for days.


“This was something I’ve never seen, something extremely intense, that left Santiago destroyed. Most homes have no roofs. The winds razed the parks, toppled all the trees,” Berdion said by phone. “I think it will take years to recover.”


Raul Castro, who toured Cuba’s hardest-hit regions on Sunday, warned of a long road to recovery.


Granma said the president called on the country to urgently implement “temporary solutions,” and “undoubtedly the definitive solution will take years of work.”


Venezuela sent nearly 650 of tons of aid, including nonperishable food, potable water and heavy machinery both to Cuba and to nearby Haiti, which was not directly in the storm’s path but suffered flash floods across much of the country’s south.


Across the Caribbean, work crews were repairing downed power lines and cracked water pipes and making their way into rural communities marooned by impassable roads. The images were similar from eastern Jamaica to the northern Bahamas: Trees ripped from the ground, buildings swamped by floodwaters and houses missing roofs.


Fixing soggy homes may be a much quicker task than repairing the financial damage, and island governments were still assessing Sandy’s economic impact on farms, housing and infrastructure.


In tourism-dependent countries like Jamaica and the Bahamas, officials said popular resorts sustained only superficial damage, mostly to landscaping.


Haiti, where even minor storms can send water gushing down hills denuded of trees, listed a death toll of 52 as of Monday and officials said it could still rise. Prime Minister Laurent Lamothe has described the storm as a “disaster of major proportions.”


In Jamaica, where Sandy made landfall first on Wednesday as a Category 1 hurricane, people coped with lingering water and power outages with mostly good humor.


“Well, we mostly made it out all right. I thought it was going to be rougher, like it turned out for other places,” laborer Reginald Miller said as he waited for a minibus at a sunbaked Kingston intersection.


In parts of the Bahamas, the ocean surged into coastal buildings and deposited up to six feet of seawater. Sandy was blamed for two deaths on the archipelago off Florida’s east coast, including a British bank executive who fell off his roof while trying to fix a window shutter and an elderly man found dead beneath overturned furniture in his flooded, low-lying home.


___


Associated Press writers Anne-Marie Garcia in Havana, David McFadden in Kingston, Jamaica, and Jeff Todd in Nassau, Bahamas, contributed to this report.


___


Peter Orsi is on Twitter: www.twitter.com/Peter_Orsi


Latin America News Headlines – Yahoo! News



Read More..