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Jan 14, 2013

BBC NEWS | The World's Newsroom An Introduction (January 14, 2013).

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The World's Newsroom: An introduction


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Discover a world of news in one place. From Monday 14 January 2013, the BBC gathers its news journalism under one roof.

On screen, BBC World News looks sharper and more dynamic than ever before, with high definition and virtual reality studios and innovative multi-platform content helping to bring the news to life like never before.

The BBC employs more journalists than any other international broadcaster and produces news in 28 languages.

The World's Newsroom is a melting pot for the best journalism in the world, using five custom-built studios with new sets and fresh creative graphics and cutting-edge cameras with virtual reality and 3D capabilities to create news that's immersive, dynamic, and more engaging than ever.

Watch BBC World News to experience a new era in news broadcasting, and see some photographs of the revamped BBC World News studios here.

You can also hear from fellow World News presenter Babita Sharma on the many languages in which we broadcast, find out more about our new 3D studio and watch our extended trail for the new World News here.

Read a blog post about the changes by Andrew Roy, head of news for BBC World News.
For the list of all programmes, go to BBC World News programmes

NYT | Global Update (January 14, 2013).: Malian Rebels Take Town and Vow to Avenge French Attack.

The New York Times International Herald Tribune
January 14, 2013
Compiled 21:45 GMT

Global Update

TOP NEWS

Malian Rebels Take Town and Vow to Avenge French Attack

By STEVEN ERLANGER, ALAN COWELL and ADAM NOSSITER
The takeover of Diabaly, a small town in central Mali, came just hours after the French foreign minister, Laurent Fabius, said his country's intervention had blocked a rebel advance.

Leon Panetta Says U.S. Has Pledged to Help France in Mali

By ELISABETH BUMILLER
Defense Secretary Leon E. Panetta said the assistance could include air and other logistical support.
News Analysis

Hollande, Long Seen as Soft, Shifts Image With Firm Stance

By STEVEN ERLANGER
French intervention in Mali and a rescue mission in Somalia have put President François Hollande in a more somber, and decisive, light.
World

Video: Questioning Greek Growth

Suzanne Daley, a Times correspondent, reports from Greece on efforts to raise revenues with gold mining despite worries of environmental dangers and lax oversight.
Opinion

Op-Ed Columnist

Japan Steps Out

By PAUL KRUGMAN
Guess who's breaking with economic orthodoxy.
WORLD

Shots Fired at Office of Greek Prime Minister

By LIZ ALDERMAN
Rifle shots were fired early Monday into the Athens offices of Greece's conservative party, causing no injuries but intensifying a wave of political violence in the debt-wracked country.

China Allows Media to Report on Air Pollution Crisis

By EDWARD WONG
The wide coverage of Beijing's air, which has been rated "hazardous" or even worse since last week, was the most open display of coverage on the issue in recent memory.
BUSINESS
Detroit Auto Show

Chrysler Seeks to Build on an Unlikely Comeback

By BILL VLASIC
At Detroit's annual auto show, the carmaker's chief executive said he expected the upward sales trend to continue this year, bolstering both Chrysler and its parent, Fiat.
DealBook

With U.P.S. Deal, Europe Blocks Another Big Merger

By MICHAEL J. DE LA MERCED
U.P.S.'s $6.9 billion bid for TNT Express was the latest blocked by the European Union, and the most prominent since the proposed tie-up of NYSE Euronext and Deutsche Borse last year.
DealBook

Swatch to Buy Watch and Jewelry Business of Harry Winston

By RAPHAEL MINDER
Swatch Group, the world's largest watch maker, agreed on Monday to pay $750 million to acquire the watch and jewelry business of Harry Winston, which plans to shift its focus to its diamond mining activities.
TECHNOLOGY
DealBook

Dell Shares Surge After Report of Possible Buyout

By MICHAEL J. DE LA MERCED and QUENTIN HARDY
Shares of Dell rose more than 12 percent after Bloomberg News reported that the personal computer maker was in talks with at least two private equity firms about going private.

Google Gains From Creating Apps for the Opposition

By NICK WINGFIELD and CLAIRE CAIN MILLER
Google has become one of the most prolific developers of apps for the Apple iPhone, helping its rival even as their relationship worsens.

After Rocky Year for Start-Ups, Investors Are Pickier

By NICOLE PERLROTH
The celebrated shift to smartphones, once welcomed with an outpouring of investments, is now making some investors nervous as monetization proves harder for mobile devices.
SPORTS

Devils Start Working While Waiting for Kovalchuk to Return

By TOM PEDULLA
The Devils, who must find a new captain and replace some of the scoring touch of last season's club, were without Ilya Kovalchuk, who was still in Russia.

Armstrong's Business Brand, Bound Tight With His Charity

By STEPHANIE SAUL
As Lance Armstrong's celebrity fed Livestrong, the charity enhanced his brand, and the resulting deals generated both profits and misgivings.

Former No. 1 Turns to Father for Help

By CHRISTOPHER CLAREY
After a difficult 2012, Caroline Wozniacki's plan for 2013 is to restore clarity to her game and stability to her off-court structure.
U.S. NEWS

Private Pain, Played Out on Public Stage

By KATHARINE Q. SEELYE
In performances in Boston, Michael Mack talks about being sexually abused by a priest at the age of 11 and the effect it has had on his life.

Both Sides in Gun Debate Agree: Punish Background-Check Liars

By MICHAEL S. SCHMIDT
Facing opposition on many gun-control measures, the Obama administration is looking at prosecuting more people for misleading or lying to purchase a firearm.

U.S. Debate on Gun Laws Is Put to a Test in Colorado

By JACK HEALY and DAN FROSCH
A state where gun ownership crosses political divides is becoming a test case for what kind of regulations can garner support.
OPINION
Op-Ed Columnist

Hold the Referendum

By ROGER COHEN
Britain would be mad to leave the European Union, but a vote on membership is needed.
Op-Ed Columnist

Invasion of the Data Snatchers

By BILL KELLER
On the issue of privacy, we're all hypocrites.

GATA | THE GATA DISPATCH (January 14, 2013).: Gold and silver paper markets have detached from reality, Embry says

Gold and silver paper markets have detached from reality, Embry says

5p ET Monday, January 14, 2013

The gold and silver paper markets have detached completely from reality, Sprott Asset Management's John Embry tells King World News today, and the market for real silver is especially tight, signalling a rise in price "multitudes" above the paper price. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/14_Jo...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

GATA | THE GATA DISPATCH (January 14, 2013).: Sovereign Exchange holds fundraiser for GATA in Vancouver on Jan. 19

Sovereign Exchange holds fundraiser for GATA in Vancouver on Jan. 19

4:56p ET Monday, January 14, 2013

The Sovereign Exchange, a British Columbia-based company putting silver back to work as money --
http://thesovereignexchange.com/
-- is planning a fundraising party for GATA this coming Saturday, January 19, on the eve of the Vancouver Resource Investment Conference, in which both GATA and the Sovereign Exchange are participating, a fundraiser separate from GATA's own, scheduled Monday, January 21.

The GATA fundraiser sponsored by the Sovereign Exchange will be held at 4 p.m. Saturday at the beautiful Granville Island Hotel in the False Creek section of Vancouver. Admission is by invitation only with an admission fee of $100 (Canadian or U.S.) or 2 silver ounces. A few invitations remain available. To get one, please e-mail Sovereign Exchange founder Steve Merrill at:

steve@trade-up.ca

The fundraiser notice is posted here:
http://archive.constantcontact.com/fs142/1100735459510/archive/111213581...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

The Economist | New Selected Articles (January 14, 2013).: France's intervention in Mali, Beijing's pollution and Aaron Swartz's legacy




Charlemagne: France goes it alone
French intervention in Mali is familiar in some ways, and surprising in others
read more »
Analects: Beijing's blackest day
On a scale of pollution readings from 0 to 500, Beijing has just scored 755
read more »

Babbage: Tragedy and the commons
Remembering Aaron Swartz, a campaigner for free access to internet data
read more »

Game theory: Competitive video gaming
Do video games count as sports? Yes, says the boss of Major League Gaming
read more »
Blighty: Muscles in Brussels
Britain has more clout in the EU than many in London realise
read more »
Prospero: Home sweet home
A Q&A with Robert Dalziel, architect of a new approach to high-density housing
read more »
 
Daily chart: Bigger in America
Bank lending to firms is soaring in America but remains sluggish in Britain
read more »
Online debate: World economy
The optimists have the upper hand in our debate on the outlook for the world economy in 2013. Will the rebuttals change your view?
read more »

DealBooK P.M. Edition (January 14, 2013).: Dell Shares Surge After Report of Buyout Talks



Monday, January 14, 2013
TOP STORY
Dell Shares Surge After Report of Possible Buyout Shares of Dell rose more than 12 percent on Monday afternoon after Bloomberg News reported that the personal computer maker was in talks with at least two private equity firms about going private. Any buyout would involve Michael Dell, who started the company out of his University of Texas dormitory room in 1984. The chief executive owns nearly 16 percent of the company. Assuming he would roll over his stake, that would leave an investor consortium needing to raise $15.8 billion to more than $18 billion in debt for a takeover. To say that's a hefty sum is an understatement.
  • DEALBOOK »

  • DEALBOOK HIGHLIGHTS
    Fate of Herbalife's Stock May Lie With Government Agencies The actions of the Securities and Exchange Commission and the Federal Trade Commission may have more influence over the direction of Herbalife's stock price than two hedge fund managers do, says Peter J. Henning in the White Collar Watch column.
    Swatch to Buy Watch and Jewelry Business of Harry Winston Swatch Group, the world's largest watch maker, agreed on Monday to pay $750 million to acquire the watch and jewelry business of Harry Winston, which plans to shift its focus to its diamond mining activities.
    With U.P.S. Deal, Europe Blocks Another Big Merger U.P.S.'s $6.9 billion bid for TNT Express was the latest blocked by the European Union, and the most prominent since the proposed tie-up of NYSE Euronext and Deutsche Borse last year.
    U.P.S. to Withdraw $6.9 Billion Takeover of TNT Express United Parcel Service will withdraw its takeover offer for TNT Express, a Dutch shipping company, after European antitrust authorities said they would block the deal.
    China Hints at Far Wider Welcome to Overseas Investors Foreign participation in mainland stock markets could be allowed to increase tenfold, Guo Shuqing, the country's top securities regulator, said Monday.
    Senior Deal Maker Returns to UBS Piero Novelli is returning to the Swiss bank UBS as global chairman of mergers and acquisitions after leaving the firm in 2009.
    Valuing Chrysler Too Cheaply Fiat needs to raise its offer to buy a slice of the Detroit manufacturer from the United Automobile Workers' retiree health care trust, contends Antony Currie of Reuters Breakingviews.
    Questions About China's Growth, Censorship and Air Pollution The new government may be using the aggressive reporting to demonstrate a commitment to transparency and accountability as well as use this crisis to further the difficult reforms toward a more sustainable development model, writes Bill Bishop in the China Insider column.
    LOOKING AHEAD
    The World Bank releases its semiannual report on the prospects for the global economy. In the United States, December retail sales and producer prices top the economic agenda.
  •  
    Quotation of the Day
    "The European Union's decision is very disappointing. It's hard to see the company being bought by anyone else."
    Stephen Furlong, an analyst in Dublin, on European regulators' opposition to an acquisition of TNT Express by United Parcel Service.
  •  

NYT | Politics (January 14, 2013).: Obama Says G.O.P. Won't Get 'Ransom' to Lift Debt Limit

The New York Times

January 14, 2013

Politics

President Obama spoke from the White House on Monday.

Obama Says G.O.P. Won't Get 'Ransom' to Lift Debt Limit

President Obama warned Republicans on Monday against refusing to raise the nation's debt ceiling, calling such talk "irresponsible" and saying it would set off an economic crisis.

Biden Meets With House Democrats on Gun-Violence Proposals

The vice president has already given President Obama proposals to reduce gun violence, including a ban on assault weapons.

More Politics

It is a felony to deliberately provide false information to buy a firearm, though not many have been charged with a crime.

Both Sides in Gun Debate Agree: Punish Background-Check Liars

Facing opposition on many gun-control measures, the Obama administration is looking at prosecuting more people for misleading or lying to purchase a firearm.

Hagel to Meet Schumer to Discuss Policy Issues

Senator Charles E. Schumer is expected to press Chuck Hagel on Iran and Israel in a talk this week that could sway others about whether to support the nominee for defense secretary.
Justice Sonia Sotomayor visiting the Bronx housing project where she grew up.

Washington Is Home (for Now at Least), but Sotomayor Stays True to New York

Justice Sonia Sotomayor admits that it took her a while to adjust from life in New York to the slower pace in Washington. And do not ask her about her experiences with takeout.

Treasury Won't Mint Coin to Defy Debt Ceiling

The Treasury Department said that an obscure law, meant to apply to commemorative coins, was not to be used to produce a trillion-dollar coin.

Obama Will Seek Citizenship Path in One Fast Push

President Obama and Senate Democrats will try to carve a legislative path to citizenship for illegal immigrants with one comprehensive bill, resisting Republican proposals to tackle the issue piecemeal.
ADVERTISEMENT

The Debt Reckoning

This feature follows the talks between President Obama and Congressional leaders over the so-called fiscal cliff.
The Lede Blog

Updates on the Gun Violence Debate

The Lede is following the debate on gun violence in the wake of the shootings in Newtown, Conn., with reports from our correspondents and from around the Web.
The corner of N Street and 15th Street, NW Washington.

Washington's Economic Boom, Financed by You

Over the last decade, the nation's capital has been the great American boomtown, courtesy of the U.S. taxpayer. What happens when the government money dries up?

Multimedia

Hagel on Key Issues
Chuck Hagel, a Republican from Nebraska, was elected to the Senate in 1996 and retired in 2008. Following are some of his recent statements on issues he is likely to confront if he is confirmed as secretary of defense.
Lew on Key Issues
Jacob (Jack) Lew, the current White House chief of staff, has experience working in both the White House and on Capitol Hill. Here are some of his recent statements on issues he is very likely to confront if he is confirmed as secretary of th

MarketWatch | Wall Street Market at Close Report (January 14, 2013).: Apple erases $17 billion from stock market.:

By Kate Gibson, MarketWatch 

NEW YORK (MarketWatch)Apple Inc.’s near 4% drop wiped out $17 billion from the U.S. stock market on Monday, pushing two of the three benchmark indexes into negative territory. 


Are sales of iPhone 5 losing steam? Apple cut orders for iPhone 5 components on lower-than-expected demand. Does this portend that sales of Apple's latest smartphone are slowing? 

Apple AAPL +0.13% shares fell $18.55, or 3.6%, to end at $501.75 after the Wall Street Journal and Japan’s Nikkei reported that the company had cut iPhone production plans because sales had come in below expectations. 

The S&P 500 index SPX -0.09%  shed 1.37 point, or less than 0.1%, to 1,470.68, with telecommunications hardest hit and consumer staples faring best among its 10 industry groups.
“It would be positive without,” Apple, said Howard Silverblatt, senior index analyst at the S&P Indices, the stock’s impact on the index of 500 public companies. 

The Dow Jones Industrial Average DJIA +0.14%  rose 18.89 points, or 0.1%, to 13,507.32, with Hewlett-Packard Co. HPQ +4.89%  leading the gains after J.P. Morgan upgraded the personal-computer maker to neutral from underweight. H-P also reclaimed the top PC-maker ranking from Lenovo Group Ltd. 

International Business Machines Corp. IBM -0.94%  dropped 0.9% after J.P. Morgan downgraded it to neutral from overweight. 

Shares of Dell Inc. DELL +0.57%  rallied 13% after Bloomberg News reported that the company was in buyout talks with private-equity firms. 

Sprint Nextel Corp. S -3.89%  dropped 3.9% after the stock was downgraded by some brokerage firms. Read more about Monday’s biggest gaining and declining stocks. 
 
The Nasdaq Composite COMP -0.26%  lost 8.13 points, or 0.3%, to 3,117.50. 

Apple has a significant impact on the major stock indexes. It has a 3.8% weight in the S&P 500 and a 10% weight in the Nasdaq Composite, and is the largest stock on both. It’s not a member of the Dow average. Read more about the decline in Apple’s share price. 
 
“In terms of the general negative sentiment, it’s a combination of Apple and a bit of poor industrial production number out of Europe. That was a pretty ugly wake-up call,” said Bill Stone, chief investment strategist at PNC Wealth Management. Industrial output for the 17-nation euro zone dropped 0.3% in November. 

Decliners and advancers ran in a virtual dead heat on the New York Stock Exchange, where 590 million shares traded. 

Composite volume approached 3 billion. 

“As the week wears on, we’ll have a much more robust earnings calendar. Of those 27 S&P 500 companies reporting so far, they’ve lowered estimates significantly in the last three months,” said Art Hogan, market strategist at Lazard Capital Markets. 

Companies reporting so far have managed to “squeeze out some sort of beat of lowered expectations,” said PNC’s Stone. 

Of the first 27 companies in the S&P 500 to report fourth-quarter results, 67% exceeded earnings-per-share growth expectations, 15% were in line and 18% missed, according to Nick Raich, director of research at Key Private Bank. Of those companies, which represent 5% of the 500 that will eventually report, 11% raised their first-quarter 2013 guidance; 19% maintained and 70% lowered their outlooks. 

“The new consensus expectation for fourth-quarter 2012 earnings growth is only 2%,” said Raich. “The guidance companies are providing after reporting results is still very weak.” 

In Washington, President Barack Obama talked about efforts to reduce the U.S. deficit at a Monday news conference in which he urged lawmakers not to use the debt ceiling as leverage in the political wrangling over government spending. 

With a battle looming with Congress in the weeks ahead over hiking the $16.4 trillion debt ceiling, Republican lawmakers are mulling a government shutdown or default as a way to force cuts in government spending. Read a blog post on the U.S. Treasury thinking the unthinkable about the debt ceiling. 
 
In separate statements, Senate Republican leader Mitch McConnell called the debt-ceiling debate the “perfect time” to confront government spending, and House Speaker John Boehner also indicated his intention to link spending cuts to hiking the debt ceiling. 

The Treasury market did not signal distress over the danger of a government default, with yields on the benchmark 10-year note 10_YEAR +0.05%  off 1 basis point, or 0.01 percentage point, to 1.85%.
Federal Reserve Chairman Ben Bernanke spoke at 4 p.m. Eastern in Michigan, following comments delivered by Chicago Fed President Charles Evans that the central bank should continue to keep monetary policy accommodative as lawmakers cut U.S. spending.

“The market will be watching Bernanke to get a better take on when the Fed might start to take the punch bowl away,” said Stone of the Fed’s monetary policy. 

Kate Gibson is a reporter for MarketWatch, based in New York. Follow her on Twitter @MWKateGibson.