Sunday, December 18, 2011

Moody's downgrades Belgium's debt by 2 notches

(AP) ? Moody's Investors Services on Friday downgraded Belgium's credit rating by two notches, citing strains on eurozone countries as they try to finance their heavy debt loads amid the regional financial crisis.

The ratings agency cut Belgium's local- and foreign-currency government bond ratings to "Aa3" from Aa1," with a negative outlook. The ratings remain investment grade.

Moody's said the downgrade comes as soaring borrowing costs strain the finances of heavily indebted countries that use the euro, like Belgium. The strains are also making it difficult for Belgium to reduce debt and rein in spending.

Other factors included the impact the crisis is having on Belgium's economic growth, and concerns about the small nation's banking sector.

Moody's earlier this week said the debt of the euro area countries is under pressure, because of the uncertainty surrounding efforts to solve the region's debt crisis. The agency has said it is reviewing its ratings on France's debt, and downgraded Hungary late last month. It already rates the bonds of Greece, Ireland and Portugal as "junk."

It downgrading Belgium, Moody's said higher costs for financing public borrowing could "significantly complicate" efforts to reduce the country's overall level of debt. In addition, there is an increased probability ? although it is still low ? that further turmoil could result in the inability to sell bonds.

The ratings agency is also concerned about the ability for the "small and very open Belgian economy" to grow, particularly as the rest of Europe aims to reduce debt by putting strict austerity measures into place. Belgium may find it necessary to further cut spending beyond the roughly ?11 billion to ?16 billion cuts planned, which would further weigh on economic growth.

Moody's pointed to Belgium's recent political trouble as another concern in addressing its economic problems.

Elio Di Rupo took the oath as Belgium's prime minister on Dec. 6, ending 541 days under a caretaker government that resulted from impasse among negotiators trying to bridge the divide between the country's linguistic groups.

"Belgium's recent experience of political bargaining indicates that consensus on additional measures can be difficult to achieve," Moody's said.

Finally, Moody's raised the issue of Belgium's banking sector. The ratings agency is concerned that the continued dismantling of Dexia Credit Local could further increase debt. In October, the Dexia Bank Belgium unit was nationalized at a cost of ?4 billion. That move increased Belgium's exposure to the rest of the banking group. Combined, Moody's estimated that exposure to be close to 10 percent of the nation's gross domestic product.

Earlier Friday, Fitch Ratings said it was considering further cuts to the credit scores of Belgium and five other eurozone nations.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-12-16-Belgium-Ratings/id-d4958f73c40a4bfc90716a7a6edcfc51

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Saturday, December 17, 2011

WowWee's AR gaming toys for iOS look like fun | TUAW - The ...

WowWee is beginning to see the value in connected toys that work with the iPhone and iPad. The toy maker is working on a line of toys that include an iOS app and a collectable that interacts the phone or tablet. One game is a zombie invasion that has four collectibles to go along with an iPad game. The figures are conductive, so you use them to control the player on your screen. Another game includes a small airplane model that you fly by attaching it to your phone.

Each set will retail for $9.99 and goon sale in April of next year. It's an intriguing concept, but one that'll probably appeal to adults more than kids. Kids may enjoy the games, but the collectibles, especially the foam airplane, would probably last no more than a few days in the hands of your average ten-year-old. I do think, though, this is beginning of a new kind of toy that mixes physical toys with digital entertainment. It's almost the best of both worlds- your child can practice their fine motor skills, while, at the same time, improve their computing skills.


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Source: http://www.tuaw.com/2011/12/16/wowwees-ar-gaming-toys-for-ios-look-like-fun/

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Berenson heads to NY for holidays

FILE - U.S. political activist Lori Berenson speaks to The Associated Press at her home in Lima, Peru, in this Nov. 9, 2010 file photo. Paroled U.S. activist Lori Berenson was headed for New York early Saturday Dec. 17, 2011 after a Peruvian court ruled she and her toddler son could travel there for the holidays, airport security officials said. (AP Photo/Karel Navarro, File)

FILE - U.S. political activist Lori Berenson speaks to The Associated Press at her home in Lima, Peru, in this Nov. 9, 2010 file photo. Paroled U.S. activist Lori Berenson was headed for New York early Saturday Dec. 17, 2011 after a Peruvian court ruled she and her toddler son could travel there for the holidays, airport security officials said. (AP Photo/Karel Navarro, File)

(AP) ? Paroled U.S. activist Lori Berenson was headed for New York early Saturday after a Peruvian court ruled she and her toddler son could travel there for the holidays, airport security officials said.

Peru's ATV television showed video of Berenson and her 2 1/2-year-old son, Salvador at the airport in front of a ticket counter late Friday and said she was flying to New York.

Reached by cell phone, Berenson refused to comment.

But airport security officials told reporters she was flying directly to New York on an overnight flight.

A three-judge appeals court on Wednesday overturned a lower court judge's ruling denying Berenson permission to travel, said Guillermo Gonzalez, spokesman for Peru's judicial system.

He said Berenson, who was paroled last year after serving 15 years for aiding leftist rebels, was given permission to leave the country beginning Friday but must return by Jan. 11.

Earlier, her father Mark told The Associated Press she has every intention of returning to Peru.

The terms of her parole dictate that she cannot leave until her sentence as an accomplice to terrorism ends in 2015.

"As Lori says, if she doesn't come home, let Interpol arrest her," Mark Berenson said.

Peru could seek her extradition and return her to prison if she doesn't return in the allotted time, Gonzalez said.

Her father said he was "petrified" a negative local reaction to the New York visit could prevent the trip, including celebrating his 70th birthday Dec. 29.

"My worry is that there's going to be screaming to stop this," he said. Some Peruvians consider her a terrorist, opposed her parole and have publicly insulted her on the street.

There was no indication that Berenson encountered any trouble departing. The ATV video showed her pacing in front of a ticket counter, wearing a bulky black backpack, with Salvador in a stroller beside her. She wore pants and a brown polo shirt.

Berenson has been repeatedly hounded and mobbed by Peruvian news media, which has occasionally frightened young Salvador. Last month, one TV channel obtained her new address and showed video of her home.

"It was very dangerous," Mark Berenson said. "The (U.S.) Embassy complained."

"It's just not fair to Salvador or to her," he said. "They used her like she's a celebrity and she just wants to be a low-profile person and get on with her life and be a good citizen."

He said he would appeal to President Ollanta Humala to send his daughter home.

Humala could by law commute her sentence but has not indicated whether he might do so. The AP sought presidential palace comment but its calls were not returned.

Lori Berenson is separated from Salvador's father, Anibal Apari, whom she met in prison and who serves as her lawyer.

He told the AP that she had originally filed for permission to leave the country in October but was denied.

Mark Berenson said his daughter is looking forward to seeing relatives she hasn't met since her 20s, including his 96-year-old aunt, and that he wants his grandson, who loves trees, see the New York Botanical Garden's holiday display.

Since her initial parole in May 2010, Lori Berenson repeatedly expressed regret for aiding the rebel Tupac Amaru Revolutionary Movement.

Arrested in 1995, the former MIT student was accused of helping the rebels plan an armed takeover of Congress, an attack that never happened.

A military court convicted her the following year and sentenced her to life in prison for sedition. But after intense U.S. government pressure, she was retried in civil courts in 2001 and sentenced to 20 years for terrorist collaboration.

Berenson was unrepentant at the time of her arrest, but softened during years of sometimes harsh prison conditions, eventually being praised as a model prisoner.

Yet she is viewed by many as a symbol of the 1980-2000 rebel conflict that claimed some 70,000 lives. The fanatical Maoist Shining Path movement did most of the killing, while Tupac Amaru was a lesser player.

Berenson has acknowledged helping the rebels rent a safe house, where authorities seized a cache of weapons. But she insists she didn't know guns were being stored there. She denies ever belonging to Tupac Amaru or engaging in violent acts.

In an interview with the AP last year, Berenson said she was deeply troubled at having become Peru's "face of terrorism."

Its most famous prisoner, she also became a politically convenient scapegoat, she said.

___

Associated Press writer Martin Villena contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-12-17-LT-Peru-Lori-Berenson/id-6a2000fe0c394377b0cbe286f7ab9373

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Friday, December 16, 2011

GOP's Gingrich scrambles in Iowa for caucuses (AP)

DES MOINES, Iowa ? Republican presidential candidate Newt Gingrich has little choice but to rely on momentum to carry him to victory in the Iowa caucuses.

He has a skeleton campaign organization in a state where successful caucus candidates typically have had well-built machines aimed at turning out supporters. To build a stronger operation with less than three weeks until the leadoff 2012 contest, he has to scramble.

The former House speaker is hoping the typical rules don't apply to him, in a campaign that already has been far from typical.

"You're not going to have a successful campaign in the caucuses on organization alone," said John Stineman, an uncommitted Iowa Republican who ran Steve Forbes' 2000 caucus campaign. "You have to have some heat. Newt's getting hot at the right time. It's a matter of whether he can sustain the heat."

Getting a winning share of support from caucus goers in 1,774 precinct-level party meetings across the state on a cold, early January night requires some level of coordination, such as nailing down supporters in each of Iowa's 99 counties.

Gingrich, whose mass staff departures in June stunted his Iowa campaign, is trying to cobble together his Iowa team using emerging social media methods and time-tested grass-roots work.

He has only nine staffers in Iowa, fewer than most of his rivals. He opened his campaign office just two weeks ago, while others have had state headquarters for months. And while Gingrich's fundraising has picked up, he hasn't had the vast sums former Massachusetts Gov. Mitt Romney and Texas Gov. Rick Perry have had at their disposal.

But just as his late rise in Iowa has had more to do with his performance in the national debates than campaigning in the state, his Iowa organization is benefiting from the notice he's sparked nationally.

Gingrich has argued that his message, timing and the Internet can help him close the organizational gap.

His full-frontal attack on President Barack Obama has been what some GOP activists in Iowa say is the confrontational approach they've been looking for in a potential challenger to the well-funded incumbent.

Gingrich, who has asked his supporters to remain positive as he faces attacks, is on the air in Iowa with a positive spot. Time is running out for effective advertising messages to stick, with candidates unlikely to air attack ads over the holidays.

He rolled out a new TV ad on Thursday that chides his rivals for going negative.

"These are challenging and important times for America. We want and deserve solutions," Gingrich says. "Others seem to be more focused on attacks rather than moving the country forward. That's up to them."

"I believe bold ideas and new solutions will unleash America's creative spirit," Gingrich adds.

Gingrich's message attacking Obama and pledging a positive campaign versus his GOP rivals has helped bring potential supporters to his website. It has netted supporters around the country who have made, on average, 1,200 telephone calls per night to Iowa Republicans in the past week, Gingrich deputy Iowa director Katie Koberg said.

Through the same site, a dozen supporters from out of state have traveled to Iowa to log days helping the campaign, Koberg said.

It's a far cry from Texas Rep. Ron Paul's campaign, with its statewide supporter network that includes niche groups such as students and doctors.

Although Romney has campaigned in Iowa less often than he did four years ago, his team has kept after supporters of his 2008 campaign, a massive $10 million effort that earned him second place.

That year, former Arkansas Gov. Mike Huckabee won the caucuses with a threadbare staff. He was the overwhelming favorite of evangelical Christian conservatives, who functioned as an influential network but were not necessarily organized by the Huckabee campaign.

Gingrich is not the unanimous favorite of evangelicals, but he has the momentum Huckabee did.

"You can't confuse organization with paid staff," said Tim Albrecht, who was Romney's 2008 Iowa campaign spokesman but is uncommitted this year. "Gingrich has a Huckabee quality to him ? late getting in place but with a ready audience, those longtime caucus veterans who don't need any hand-holding to get them to caucus."

Given the fluidity demonstrated in Iowa polls, Gingrich could benefit from late-deciding caucus goers. And he has picked up a number of key GOP activists. The campaign rolled out a list of them from across the state and different segments of the party late Wednesday, aimed at portraying Gingrich as a unifying candidate.

They include former Iowa Republican Party Chairman Ray Hoffmann and Dean Kleckner, former president of the American Farm Bureau Federation. Kleckner had been a top Iowa backer of Herman Cain before the Georgia businessman quit the race Dec. 3.

Another key pickup known for his organizational heft is Darryl Kearny, a former finance director of the Iowa Republican Party and now the key finance official for Polk County, Iowa's most populous.

"I realize they have a lot of catching up to do," said Kearny, who has amassed a massive Rolodex in his 30-plus years as an Iowa party activist and campaign operative. "But I'm networking with everyone I know, calling and emailing, trying to pass on the word about Newt."

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20111215/ap_on_el_pr/us_gingrich_skeleton_organization

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Russia's Putin relies on "collective hostages" (Reuters)

MOSCOW (Reuters) ? To his admirers, he is the man who saved Russia from chaos and the clutches of Western imperialism, soothing its hurt pride and revitalizing its military might to restore it to greatness.

They see him as an "ideal man" who wins wars, puts the West in its place and ensures workers keep their jobs by preventing the closure of struggling factories - but also makes time to ride horses, dive for ancient treasure and ski down mountains.

Vladimir Putin, for some in Russia, is superman.

The former spy who has dominated Russia since 1999 sought to bolster his image in his annual televised phone-in on Thursday, portraying himself as the man to maintain stability and unite the country.

There may be fewer Russians who believe in the tough-guy image now but, outside the big cities where successful young professionals have been leading the biggest opposition protests of his 12-year rule, they are still there, and in large numbers.

"You can never love someone who was once your enemy. But I like him. I can say that. He's a good leader. He watches over us, and he's given us the resources to rebuild our city," said a 26-year-old who gave his name only as Omar in Grozny, capital of the Chechnya region where Putin ousted a separatist government in a devastating war.

On the other side of Russia, in the Pacific port city of Vladivostok, 18-year-old Maxim, an activist in Putin's United Russia party, put it simply.

"I support Putin because he is a real man. He's strong."

Putin's challenge is to harness that kind of support and ensure it does not erode further before the March 4 presidential election, which he is still expected to win, although not as easily as seemed likely just a few weeks ago.

"Everything's changed. Not so long ago, he had a large majority. Now he needs to rediscover these people. But they won't come into the fold of their own accord," said Gleb Pavlovsky, a political analyst and former Kremlin adviser.

"He will want to start something new, he will try to show a new Putin to win back some of the love. It's a bit like showbusiness - to win back your fans you've got to get back on the stage."

POWER BASE OUTSIDE CITIES

The 59-year-old prime minister has long had a loyal following in small towns and villages and has a power base in state-owned businesses, among the bureaucrats who owe their careers to him, the businessmen whose fortunes depend on his goodwill and an older population afraid of again losing everything they own to change.

In a parliamentary election on December 4, which the opposition says was slanted to favor Putin's United Russia, much of the ruling party's support came from provincial towns and villages that hold between 62 to 63 percent of Russia's 142 million population. It was in major cities that support for the party, and Putin, has stumbled most.

"I don't think he expected it at all," said Boris Dubin, director of political and social studies at polling agency Levada.

He said Putin's team had calculated that an announcement on September 24 that he would swap jobs with President Dmitry Medvedev would lead to a surge in his popularity by signaling his return to the top job after four years as prime minister. This although he had in reality remained in charge under their power-sharing deal.

Instead, many voters in the cities were upset by what they saw as arrogance that their political future - which if Putin wins two more presidential terms would stretch until 2024 - had been decided without them.

"They didn't expect that people, mostly qualified professionals ... would hate the fact that, behind their backs, they made this deal to 'castle' well before its announcement; almost four years ago they agreed this," Dubin said, using chess terminology.

In the provinces, it was a different story.

"COLLECTIVE HOSTAGES"

Putin has long enjoyed success in the small provincial towns and villages by presenting himself in one of his favorite guises - as what has been referred to as the plumber tsar, the ruler who is prepared to roll up his sleeves and get his hands dirty.

Aware of this kind of image, Putin travelled before the election to Russia's southern bread basket region to help bring in the harvest. He and Medvedev even drove combine harvesters.

"Did you like it?" a grinning Medvedev asked Putin after getting down from his harvester.

"Yes, very much," Putin said, playing to the television cameras before boasting about the six tonnes of corn he had harvested in a field that had been left with just a small square

for Russia's leaders to cut.

With lives that have changed little since Soviet times, many Russians in the villages and small towns still have an unrivalled reverence for their leaders, a tradition from which tsars, Soviet commissars and now presidents have benefited.

They often have little real choice. Some local officials are not shy of warning voters that vital government funding could depend on how they vote.

"How we live in the republic over the next five or six years depends on how responsibly and correctly we vote in the elections," Mikhail Surkov, a district head in the Mordovia republic in central Russia, was quoted as telling pensioners.

"Our people are wise. They know whom to vote for. And anyway candidates for other parties are not active, knowing that it makes no sense to spend time here on the election campaign," he told the New Times magazine.

Many villagers have no access to the Internet, on which opposition protesters have been issuing invitations to protest, and they get most of their news from state television or local newspapers which are often run by the ruling party.

The state channels pump out a daily diet of Putin's and Medvedev's successes. Even footage of protests shown by state television last Saturday contained no direct criticism of Putin or calls for him to step aside.

"The fundamental organizations which everyone uses in the provinces have not changed in terms of their form or how they function. They are Soviet," Dubin said.

They are the state's "collective hostages," he said.

But if the main television channels step up their tentative coverage of the protests and unrest, more people outside the big cities might yet change their mind, he said.

"I don't think it's the case that they really love Putin and it's not the case that they completely trust him," Dubin said.

"He represents the state and for them, even if they don't like parts of the state, they know very well they have no other partners to turn to. The state is their best and only chance."

BUSINESS VASSALS

Putin has developed a political system where much of Russia's social and economic life is beholden to the state. In Russia that means, by extension, to him.

Even big business, which is supposedly free of state control, has to watch its step.

The fate of Mikhail Khodorkovsky, once Russia's richest man but now imprisoned on fraud and other charges after falling foul of the Kremlin, serves as a reminder to all businessmen - including the super-rich oligarchs - who is the boss.

"Every big decision has to have Putin's approval. Before starting a big deal, they run it past Putin. Before signing, they check again with Putin," said a senior Western business executive with many years experience in Russia.

Business leaders have had 12 years under Putin, as president or prime minister, to learn the rules of his game. Some fear a change of ruler would upset the stable political system they favor.

Alexander Khodachek, director of the Higher School of Economics in St Petersburg, said some of Putin's strongest backers had made their fortunes over the last 10 years - including some from Russia's second city, where Putin cut his political teeth as an aide to the mayor.

What would happen to their fortunes if Putin were to go?

As Maxim Ustyugov, 37, an entrepreneur in the Ural Mountains city of Yekaterinburg put it: "Don't change your horses in midstream. We are in midstream and only just standing."

Big business would be unlikely to turn against Putin, at least not at this time, although some of Russia's richest and most powerful tycoons have moved or are moving their businesses to Britain, where they often educate their children and have more faith in the courts.

"Putin will be holding out a hand to try to hang on to some of the people who are not happy, especially those in the cities, in the middle class, in business and especially medium-sized business," Pavlovsky said.

ANTI-WESTERN SCRIPT

Another important part of Putin's script for reinforcing his power base could be to try to rekindle Soviet-era paranoia over the West, suggesting the United States stoked the protests.

He has already show he will do this, tapping into a feeling of 'us and them' that has marked Russian life for decades, one which helped create the Nashi (Ours) youth movement and several other offshoots that Putin relies on for support.

The government has spent large amounts on these groups, leading critics go so far as to say that youngsters are encouraged at regular meetings and long summer camps to all but worship Putin.

Russian newspaper Vedomosti reported that Nashi, which has in the past used threatening and sometimes violent measures against its 'enemies' or foreign diplomats and critical journalists, received 467 million roubles ($13.8 million) in the same period - a lot more than other youth organizations.

Maria Kozhevnikova, a 27-year-old former actress, model and one-time Russian Playboy cover girl who is a member of the Young Guard, United Russia's youth movement, said its group had an important role helping the needy.

She, like several other members of the Young Guard, has moved swiftly up the ranks and is about to take up a seat in parliament for United Russia. She echoes Putin in suggesting the opposition protests are being funded from outside Russia.

"A 'strong Russia' cannot be controlled," she said in an email response to Reuters. "Mass rallies have never solved the people's problems and answered their aspirations. The people were always just a weapon in the struggle for power."

Nashi and Young Guard supporters say Putin is needed to prevent Russia returning to the turmoil of the late 1980s as the Soviet Union collapsed and the 1990s when the transition to a free-market economy proved chaotic.

"I've seen Putin close up several times and I want to say that this man has very strong vibes," Kozhevnikova said.

"I've watched how people have changed when they got close to Putin, not because they are afraid, but because they feel a calm and strong confidence. Because of this, the West is afraid of him, and that is understandable."

NO ALTERNATIVE

Putin's greatest advantage is perhaps that, for now, there are few alternatives.

Russia's opposition - those who are permitted to run in elections - have produced few challengers. Communist leader Gennady Zyuganov has failed to win the presidency three times, and nationalist leader Vladimir Zhirinovsky has lost on all of the four occasions he tried.

The candidacy of billionaire businessman Mikhail Prokhorov is widely seen as a Kremlin ploy to offer a choice for middle class voters and not as a serious challenge. No leader of the opposition protests is registered for the election and there are doubts that any of them could unite the opposition.

"Putin has already been president so he knows what to do, what it is all about," said Dima, a young voter in Vladivostok.

"He is strong - a real Russian. And who else is there? Who is the Communist man ... Zyuganov? I don't want him. And who else? Zhirinovsky is a joker."

(Additional reporting by Thomas Grove in Grozny, Guy Faulconbridge in Vladivostok, Natalia Shurmina in Yekaterinburg and Timothy Heritage in Moscow)

Source: http://us.rd.yahoo.com/dailynews/rss/russia/*http%3A//news.yahoo.com/s/nm/20111215/wl_nm/us_russia_putin_powerbase

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Tuesday, December 6, 2011

Blast damages bus near British Embassy in Bahrain (AP)

MANAMA, Bahrain ? A canister containing powerful explosive material blew apart the front of a minibus near the British Embassy in Bahrain's capital on Sunday, the Interior Ministry said. There were no injuries or other serious damage.

Interior Ministry spokesman Salah Salem described the material as "highly explosive" and said it was undergoing further analysis. Authorities gave no details on possible suspects, but security has been boosted sharply across Bahrain during annual Shiite Muslim religious ceremonies.

Bahrain's majority Shiites began an uprising in February seeking greater rights from the Gulf kingdom's Sunni rulers. Some apparent Sunni protesters have jeered or tossed stones at the Shiite religious processions in recent days.

Salem said the blast ripped away one of wheels from the minibus and shattered its windows in a public parking lot about 50 yards (meters) from the British Embassy in the capital, Manama.

It was not immediately clear whether the blast's proximity to the embassy was intentional. It comes less than a week after mobs in Iran's capital stormed the British Embassy and a residential compound for diplomatic staff, leading Britain to pull its diplomats from Iran and expel Iranian envoys from London.

Bahrain's rulers claim Iran has links to Shiite protesters in the strategic Gulf island nation, which is home to the U.S. Navy's 5th Fleet. Shiite leaders in Bahrain deny any connections to Tehran and an independent commission report into the unrest also found no evidence of ties.

At least 35 people have died in clashes and protest-related violence since February. Hundreds of people have been arrested, including prominent Shiite activists sentenced to life in prison.

On Sunday, a military court sentenced three sportsmen ? all Shiite employees of the Bahrain armed forces ? to one year each in prison on charges that included disobeying orders to stay away from demonstrations.

The defendants included medal-winning bodybuilder Tareq al-Fursani; Ali Said, a goalkeeper for the national football team, and Mohammed Hassan al-Dirazi, a member of Bahrain's basketball squad, said lawyer Mohsen al-Alawi, who was in court when the court martial sentences were given.

The trial of 61 other athletes and sports officials is scheduled for Jan. 4. They include handball, basketball and volleyball players along with referees and administrators for several sports.

The charges include illegal assembly and inciting hatred against Bahrain's Sunni monarchy.

Source: http://us.rd.yahoo.com/dailynews/rss/britain/*http%3A//news.yahoo.com/s/ap/20111204/ap_on_re_mi_ea/ml_bahrain

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