Top Sichuan Official Removed in Corruption Inquiry





BEIJING — A high-ranking Communist Party leader who was the second most powerful official in China’s southwest Sichuan Province was removed from his posts on Thursday amid corruption allegations that may hint of a wider crackdown on graft.




The case of Li Chuncheng, 56, who last month was named an alternate member of the party’s Central Committee, is the most significant of the flurry of vice-and-sex scandals that have claimed a half dozen officials in recent weeks. Most of those, however, were first exposed on the Internet by journalists or anonymous citizens who forced the authorities to act.


The investigation of Li was initiated by the party’s main anticorruption body, the Central Commission for Discipline Inspection, which summoned him for questioning on Dec. 2.


China’s new leaders have vowed to tackle the bribery, embezzlement and influence-peddling that has shaken public confidence in the ruling Communist Party. Although the probe into Mr. Li likely began some time ago, analysts say the timing of his downfall could be designed to telegraph a message about the new leadership’s commitment to rooting out official corruption.


The brief announcement by the state-run Xinhua news agency said only that Mr. Li was suspected of “grave violations of discipline.” Earlier media reports have made vague references to a career replete with malfeasance. One report suggested Mr. Li had engaged in buying and selling official posts as well as bribe-taking related to real-estate deals in Chengdu, the provincial capital where he served as mayor before his promotion to provincial deputy party chief.


Mr. Li’s dismissal came less than a month after the one-in-a-decade party congress that anointed Xi Jinping as general secretary. In his inaugural speech, Mr. Xi vowed to fight the rampant corruption he said was fueling public distrust and that could one day bring down the party.


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Apple falls on lower shipment forecasts, muted China debut






(Reuters) – Apple Inc shares fell 3.9 percent on Friday after the iPhone 5 debuted in China to a cool reception and two analysts cut shipment forecasts.


Jefferies analyst Peter Misek trimmed his iPhone shipment estimates for the Jan-March quarter, saying that the technology company had started cutting orders to suppliers to balance excess inventory.






Shares of Apple suppliers Jabil Circuit Inc, Qualcomm Inc, Skyworks Solutions Inc, TriQuint Semiconductor Inc, Avago Technologies Ltd, and Cirrus Logic Inc also fell in early trading.


Apple shares have lost a quarter of their value since they hit a life high of $ 705.07 on September 21, as it faces increasing competition from phones using Google Inc’s Android operating system.


Misek cut his first-quarter iPhone sales estimate to 48 million from 52 million and gross margin expectations for the company by 2 percentage points to 40 percent.


UBS Investment Research cut its price target on Apple stock to $ 700 from $ 780 on lower expected iPhone and iPad shipments for the March quarter.


The brokerage said it was modeling more conservative growth for the world’s biggest technology company after making supply chain checks that revealed that fewer iPhones were being built.


“Some of our Chinese sources do not expect the iPhone 5 to do as well as the iPhone 4S,” UBS analyst Steven Milunovich wrote in a note to clients.


Apple launched the iPhone 5 in China on Friday, a move widely expected to bring the Cupertino-based company some respite from a recent slide in market share in China, but early reports indicated that demand may not be as great as expected.


“The iPhone 5 China launch has been surprisingly muted but (we) are unsure how much weather (snow) or the required pre-ordering (to prevent riots) are factors,” Misek said.


Apple shares fell as low as $ 508.50 in morning trading on the Nasdaq on Friday.


(Editing by Supriya Kurane)


Tech News Headlines – Yahoo! News


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Dozens Reported Dead in Connecticut Elementary School Shooting






Breaking News








UPDATED
12/14/2012 at 01:55 PM EST

Originally published 12/14/2012 at 01:00 PM EST







State police personnel lead children from the Sandy Hook Elementary School


Shannon Hicks/Newtown Bee/Reuters/Landov


A massive, deadly shooting broke out Friday morning at an elementary school in Newtown, Conn., about 65 miles northeast of New York City.

A federal official tells PEOPLE that 26 people were killed, including 18 children. "The shooter is deceased inside the building. The scene is secure," Lt. J. Paul Vance of the Connecticut State Police deparatment said in a press conference Friday afternoon. "Many agencies are working together to answer questions about what happened ... the public is not in danger."

CNN reports that one alleged shooter's body was discovered in a classroom, though it is not known if he died by his own hand, by police, or some other means.

Early reports that there was a second and possibly even a third gunman remain unconfirmed. Car-to-car searches in the area are taking place, reports ABC News.

The tragedy began just after 9:40 a.m., when police reported that a shooter was in the main office of Sandy Hook Elementary School. One person in a room suffered "numerous gunshot wounds," police told the Hartford Courant.

A photo taken on the scene shows students in distress being led away from the school by state police. Nearby Danbury Hospital, which is receiving victims of the shooting, is on lockdown, according to its Facebook page.

"Out of abundance of caution and not because of any direct threat Danbury Hospital is under lockdown," says the statement. "This allows us simply to focus on the important work at hand."

Dozens Reported Dead in Connecticut Elementary School Shooting| Shootings, True Crime, Real People Stories

A young girl after being evacuated from Sandy Hook Elementary School

Michelle McLoughlin / Reuters / Landov

SWAT teams and ambulances are on the scene, according to state emergency management officials.

Also under lockdown are all of the area's schools. Newtown Public School District secretary of superintendent Kathy June said in a statement, "The district is taking preventive measures by putting all schools in lockdown until we ensure the safety of all students and staff."

Only three days earlier, a masked gunman opened fire in a busy Portland, Ore., shopping mall. Jacob Roberts killed two people before turning the gun on himself.

Dozens Reported Dead in Connecticut Elementary School Shooting| Shootings, True Crime, Real People Stories

Sandy Hook Elementary School in Newtown, Conn.

Google / AP

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APNewsBreak: Texas cancer probe draws NCI scrutiny


AUSTIN, Texas (AP) — The National Cancer Institute confirmed Friday that federal officials are taking a closer look at a troubled $3 billion cancer-fighting effort in Texas that is under a criminal investigation over a lucrative taxpayer-funded grant awarded by the state agency.


The Cancer Prevention and Research Institute of Texas has coveted status as an NCI-approved funding entity — an exclusive group headlined by the nation's most prominent cancer organizations. The list is fewer than two dozen and includes the American Cancer Society, Susan G. Komen for the Cure and federal entities like the Center for Disease Control and Prevention.


The designation is a federal seal-of-approval that signals high peer review standards and conflict of interest policies. Yearlong turmoil within the Texas institute, or CPRIT, reached a new peak this week when the agency's beleaguered chief executive asked to resign and prosecutors opened cases following an $11 million grant to a private company that was revealed to have bypassed an independent review.


NCI spokeswoman Aleea Farrakh Khan told The Associated Press that officials are "evaluating recent events" at CPRIT. She said officials have not made decisions or contacted the agency directly.


Members of CPRIT's governing board did not immediately return an email seeking comment.


NCI designation is not required for CPRIT to continue running the nation's second-largest pot of cancer research dollars, Khan said. But jeopardizing that status — and especially losing it — would be a severe blow to CPRIT's reputation, which already has been battered by sweeping resignations, internal accusations of politics trumping science and now a criminal investigation.


A recent internal audit at CPRIT discovered an $11 million funding request from Dallas-based Peloton Therapeutics was approved without the agency ever scrutinizing the proposal's merits. The revelation came only months after two Nobel laureates and other top scientists left the agency in protest over a $20 million grant some accused of being rushed to approval without a proper peer review.


While CPRIT is funded by taxpayers, donors to cancer nonprofits might look to an NCI designation for assurance that their money is in good hands.


"It says, 'If I'm donating money to this agency, if NCI is approving them, that means NCI says it's handling its money well,'" Khan said.


Khan added that CPRIT's inclusion on the list does not mean all of its funding mechanisms are NCI-approved.


An entire page of CPRIT's website is devoted to boasting its NCI designation. The agency says the status is important because it means cancer centers in Texas seeking its own NCI designation — so as to reassure patients or bolster recruitment — can include CPRIT research dollars in their calculations to maintain levels needed to be NCI approved.


"This enhances Texas' ability to leverage additional federal funding for cancer research and raises Texas' profile as a center for cancer research," according to the website.


Executive Director Bill Gimson submitted his resignation letter Tuesday but offered to stay on through January. He has described Peloton's improper funding as an honest mistake and said no one associated with CPRIT stood to personally profit from the company's award.


Prosecutors have not made any specific criminal allegations. Launching separate investigations into CPRIT are the Texas attorney general's office and the Travis County district attorney's public integrity unit, which investigates criminal misconduct within state government.


___


Follow Paul J. Weber on Twitter: www.twitter.com/pauljweber


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Wall Street drops as Apple falls, "cliff" looms

NEW YORK (Reuters) - Stocks fell on Friday, with the Nasdaq weighed down by another drop in shares of Apple, and as the overhang of "fiscal cliff" negotiations kept buying to a premium.


Apple slid 4 percent to $508.75 after UBS cut its price target on the stock to $700 from $780. The most valuable U.S. company has seen its stock hit hard in the last three months, and it fell on Friday after a tepid reception for iPhone 5 in China.


The S&P Information Technology Index <.gspt> dropped 0.9 percent as Apple fell and Jabil Circuit Inc lost 6.2 percent to $17.38 after UBS cut its price target.


The possibility of a "fiscal cliff" deal not taking place until early 2013 is rising. The back-and-forth negotiations over the fiscal cliff in Washington have kept markets on hold in what would already be a quiet period for stocks.


"We're faced with uncertainty ... and that's going to continue now into January. It basically puts everybody on hold, and (you) just have the markets kind of thrash around," said Larry Abruzzi, senior equity trader at Cabrera Capital Markets Inc in Boston.


President Barack Obama and House of Representatives Speaker John Boehner held a "frank" meeting on Thursday at the White House to discuss how to avoid the tax hikes and spending cuts set to kick in early in 2013.


The S&P 500 dropped 0.6 percent on Thursday after six straight positive sessions. Investors are concerned that going over the cliff could tip the economy back into recession. While a deal is expected to ultimately be reached, a drawn-out debate - like the one seen over 2011's debt ceiling - can erode confidence.


"The markets are not being reactionary right now, though we lost ground yesterday," said Stephen Carl, head equity trader at the Williams Capital Group in New York.


"It doesn't look like anything has been resolved, or is leaning one way or another."


Still, expectations of an eventual agreement have helped the S&P 500 bounce back over the last month, and on Wednesday, the index hit its highest intraday level since late October. For the year, the S&P has advanced more than 12 percent.


The Dow Jones industrial average <.dji> slipped 24.09 points, or 0.18 percent, to 13,146.63. The Standard & Poor's 500 Index <.spx> lost 4.81 points, or 0.34 percent, to 1,414.64. The Nasdaq Composite Index <.ixic> fell 15.50 points, or 0.52 percent, to 2,976.66.


Best Buy Co Inc slid 15.5 percent to $11.93 after the electronics retailer agreed to extend the deadline for the company's founder to make a bid. Shares jumped as much as 19 percent on Thursday after initial reports of a bid this week from founder Richard Schulze.


Consumer prices fell in November for the first time in six months, indicating U.S. inflation pressures were muted. A separate report showed manufacturing grew at its swiftest pace in eight months in December.


Data out of China was encouraging, as Chinese manufacturing grew at its fastest pace in 14 months in December. The news was seen as helping U.S. materials companies, including U.S. Steel , which rose 6.3 percent to $23.73.


(Editing by Bernadette Baum and Jan Paschal)



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Avigdor Lieberman of Israel Charged With Breach of Trust



JERUSALEM (AP) — Israel's foreign minister says he is resisting calls to resign following his indictment on a breach of trust charge.


Avigdor Lieberman told a news conference Thursday night that under the law, he does not have to resign. He says he will confer with his lawyers before making any decision.


He gave no timeframe for his decision and hinted it could come after parliamentary elections on Jan. 22.


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Amar'e Stoudemire Gets Married at Small, Secret 12-12-12 Wedding















12/13/2012 at 01:15 PM EST







Alexis Welch and Amar'e Stoudemire


Amanda Schwab/Startraks


Amar'e Stoudemire's latest triple double will go down as the most memorable of his life.

The New York Knicks power forward, 30, married his longtime girlfriend Alexis Welch on the rooftop deck of their Manhattan home on Wednesday, a date they picked because it was 12-12-12.

"I feel blessed," says Stoudemire, who posted a photo of the couple's wedding rings on Twitter.

"12.12.12 now has a special & spiritual meaning for us," he wrote.

The couple – who have been together for a decade and have three children – had just 12 people at the ceremony.

The bride wore a custom dress and the groom was in a tuxedo by Calvin Klein. They both have rings by Shayan Afshar, and her wedding band is by Harry Glinberg.

Following the ceremony, they visited the 12-12-12 Concert for Sandy Relief at Madison Square Garden before heading to STK for a reception.

Stoudemire and Welch, who were engaged June 2 in Paris, plan to celebrate their love again this summer at a bigger wedding with friends, teammates and family.

Amar'e Stoudemire Gets Married at Small, Secret 12-12-12 Wedding| Couples, Weddings

Alexis Welch and Amar'e Stoudemire's rings

Courtesy Amar'e Stoudemire

Reporting by Lesley Messer

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Study: People worldwide living longer, but sicker


LONDON (AP) — Nearly everywhere around the world, people are living longer and fewer children are dying. But increasingly, people are grappling with the diseases and disabilities of modern life, according to the most expansive global look so far at life expectancy and the biggest health threats.


The last comprehensive study was in 1990 and the top health problem then was the death of children under 5 — more than 10 million each year. Since then, campaigns to vaccinate kids against diseases like polio and measles have reduced the number of children dying to about 7 million.


Malnutrition was once the main health threat for children. Now, everywhere except Africa, they are much more likely to overeat than to starve.


With more children surviving, chronic illnesses and disabilities that strike later in life are taking a bigger toll, the research said. High blood pressure has become the leading health risk worldwide, followed by smoking and alcohol.


"The biggest contributor to the global health burden isn't premature (deaths), but chronic diseases, injuries, mental health conditions and all the bone and joint diseases," said one of the study leaders, Christopher Murray, director of the Institute of Health Metrics and Evaluation at the University of Washington.


In developed countries, such conditions now account for more than half of the health problems, fueled by an aging population. While life expectancy is climbing nearly everywhere, so too are the number of years people will live with things like vision or hearing loss and mental health issues like depression.


The research appears in seven papers published online Thursday by the journal Lancet. More than 480 researchers in 50 countries gathered data up to 2010 from surveys, censuses and past studies. They used statistical modeling to fill in the gaps for countries with little information. The series was mainly paid for by the Bill & Melinda Gates Foundation.


As in 1990, Japan topped the life expectancy list in 2010, with 79 for men and 86 for women. In the U.S. that year, life expectancy for men was 76 and for women, 81.


The research found wide variations in what's killing people around the world. Some of the most striking findings highlighted by the researchers: — Homicide is the No. 3 killer of men in Latin America; it ranks 20th worldwide. In the U.S., it is the 21st cause of death in men, and in Western Europe, 57th.


— While suicide ranks globally as the 21st leading killer, it is as high as the ninth top cause of death in women across Asia's "suicide belt," from India to China. Suicide ranks 14th in North America and 15th in Western Europe.


— In people aged 15-49, diabetes is a bigger killer in Africa than in Western Europe (8.8 deaths versus 1 death per 100,000).


— Central and Southeast Asia have the highest rates of fatal stroke in young adults at about 15 cases per 100,000 deaths. In North America, the rate is about 3 per 100,000.


Globally, heart disease and stroke remain the top killers. Reflecting an older population, lung cancer moved to the 5th cause of death globally, while other cancers including those of the liver, stomach and colon are also in the top 20. AIDS jumped from the 35th cause of death in 1990 to the sixth leading cause two decades later.


While chronic diseases are killing more people nearly everywhere, the overall trend is the opposite in Africa, where illnesses like AIDS, malaria and tuberculosis are still major threats. And experts warn again shifting too much of the focus away from those ailments.


"It's the nature of infectious disease epidemics that if you turn away from them, they will crop right back up," said Jennifer Cohn, a medical coordinator at Doctors Without Borders.


Still, she acknowledged the need to address the surge of other health problems across Africa. Cohn said the agency was considering ways to treat things like heart disease and diabetes. "The way we treat HIV could be a good model for chronic care," she said.


Others said more concrete information is needed before making any big changes to public health policies.


"We have to take this data with some grains of salt," said Sandy Cairncross, an epidemiologist at the London School of Hygiene and Tropical Medicine.


He said the information in some of the Lancet research was too thin and didn't fully consider all the relevant health risk factors.


"We're getting a better picture, but it's still incomplete," he said.


___


Online:


www.lancet.com


http://healthmetricsandevaluation.org


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Wall Street eyes the "cliff" after six days of gains

NEW YORK (Reuters) - Stocks retreated after six days of gains on Thursday as encouraging reports on retail sales and jobless claims were outweighed by the uncertainty surrounding the "fiscal cliff" negotiations in Washington.


Drawn-out fiscal negotiations between Democrats and Republicans have constrained trading. There is concern that tax hikes and spending cuts set to begin in 2013 if a deal is not reached in Washington will hurt growth, but overall, the stock market has taken it in stride.


Republican House Speaker John Boehner on Thursday accused President Barack Obama of "slow-walking" the economy off the fiscal cliff.


"Today's there's a certain sense that both sides are still apart," said Gordon Charlop, managing director at Rosenblatt Securities in New York, describing Thursday's trading as "tweaking" while investors watch Washington's back-and-forth drama.


"I think it's imperative they cooperate on some levels, and if they do, I think we'll see a Santa Claus rally."


The S&P 500 managed gains for six straight sessions and touched its highest level since October 22 on Wednesday.


Best Buy Co shares shot up 15.4 percent to $14.05 after a report that the company's founder is expected to offer to buy the consumer electronics retailer by the end of the week. The shares hit an intraday high at $14.48 - up 18.8 percent.


Weekly claims for jobless benefits dropped to nearly the lowest level since February 2008 and retail sales rose in November after an October decline, improving the picture for consumer spending.


The Dow Jones industrial average <.dji> lost 50.86 points, or 0.38 percent, to 13,194.59. The Standard & Poor's 500 Index <.spx> slid 7.80 points, or 0.55 percent, to 1,420.68. The Nasdaq Composite Index <.ixic> fell 20.67 points, or 0.69 percent, to 2,990.14.


A day after the Federal Reserve announced a new round of stimulus for the economy, markets focused on Chairman Ben Bernanke's reiteration that monetary policy would not be sufficient to offset the impact of going over the fiscal cliff.


The S&P energy index <.gspe> slid 1 percent as Nabors Industries Ltd dropped 5.4 percent to $13.75 after Jefferies cut the drilling company's stock to "underperform" from "hold," and shares of U.S. refining company Phillips 66 lost 3.1 percent to $51.42.


European Union finance ministers reached agreement to make the European Central Bank the bloc's top banking supervisor, which could boost confidence in EU leaders' ability to confront the euro zone's sovereign debt crisis.


CVS Caremark Corp shares gained 2 percent to $48.48 after saying it expects higher earnings in 2013.


(Editing by Kenneth Barry and Jan Paschal)



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Facebook revises privacy controls in effort to make them more accessible, comprehensible






SAN FRANCISCO – Facebook is trying to make its privacy controls easier to find and understand in an effort to turn the world’s largest social network into a more discreet place.


The fine-tuning announced Wednesday will include several revisions that will start rolling out to Facebook Inc.‘s more than 1 billion users in the next few weeks.






The biggest change will be a new “privacy shortcuts” section that will appear as a tiny lock on the right-hand side at the top of people’s news feeds. This feature offers a drop-down box where users will be able to get answers to common questions such as “Who can see my stuff?”


Other updates will include a tool that will enable individuals to review all the publicly available pictures identifying them on Facebook.


Social Media News Headlines – Yahoo! News


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