Thursday, January 26, 2012

U.S. commandos free two hostages in daring Somalia raid (Reuters)

MOGADISHU (Reuters) ? U.S. special operations forces swooped into Somalia on Wednesday and rescued two hostage aid workers after killing their nine kidnappers, a rare and daring raid in the Horn of Africa nation to free foreign captives.

American Jessica Buchanan, 32, and Poul Hagen Thisted, 60, of Denmark, humanitarian aid workers for a Danish demining group, were rescued three months after they were kidnapped on October 25 in the town of Galkayo in the semi-autonomous Galmudug region of the Horn of Africa country.

"The United States will not tolerate the abduction of our people and will spare no effort to secure the safety of our citizens and to bring their captors to justice," Obama said in a statement.

The rescue was carried out by forces that included members of the same elite Navy SEAL unit that killed al Qaeda leader Osama bin Laden last year in a raid on his compound in Pakistan, a U.S. official told Reuters on condition of anonymity.

Other U.S. military services formed part of the assault team, and it was not clear that any of the same SEALs were involved in both the Somalia and bin Laden raids even if they came from the same unit, known as SEAL Team Six.

Members of the unit parachuted into a location near the town of Gadaado in central Somalia and then hiked to the encampment where the two foreign hostages were being held by their nine abductors, a U.S. official said on condition of anonymity.

The raiding party arrived prepared to detain the kidnappers but was not able to do that and all nine were killed, Pentagon officials said. The kidnappers were heavily armed and had explosives nearby, they said. None of the U.S. forces were hurt.

Obama authorized the raid on Monday and military commanders gave the final go-ahead on Tuesday, Pentagon officials said.

They said a confluence of factors, from the health of the hostages to the available intelligence and operational conditions, gave Obama a window of opportunity to act and prompted Washington to move ahead with the raid.

Buchanan was suffering from a possible kidney infection, according to people involved with the hostages. New evidence obtained last week suggested her health was deteriorating, said Pentagon officials, who would not elaborate on her condition.

"We're confident that there was enough of a sense of urgency, there was enough actionable intelligence to take the action that we did, for the president to make the decision that he did," said Navy Captain John Kirby, a Pentagon spokesman.

Buchanan and Thisted were flown to neighboring Djibouti, home to the only U.S. military base in Africa and France's largest base on the continent, a U.S. official said on condition of anonymity. They were under the care of U.S. military doctors, officials said.

Obama was overheard congratulating Panetta on the success of the operation as the president entered the U.S. House of Representatives chamber on Tuesday for his annual State of the Union speech.

Panetta had been at the White House before the speech and had been monitoring the progress of the operation. The raid was still being wrapped up when the president spoke to him.

"Leon. Good job tonight. Good job tonight," Obama said.

The Pentagon said there were no known links between the kidnappers and Islamic militant groups in the region. Kirby said the U.S. military had no evidence to connect them to piracy.

But Obama called them "criminals and pirates" in his statement, as did local officials.

"About 12 U.S. helicopters are now at Galkayo. We thank the United States. Pirates have spoilt the whole region's peace and ethics. They are mafia," Mohamed Ahmed Alim, leader of the Galmudug region, told Reuters.

He was speaking from Hobyo, a pirate base north of Haradheere, where he said he was negotiating the release of an American journalist seized on Saturday, also from Galkayo.

Somali pirate gangs typically seize ships in the Indian Ocean and Gulf of Aden and hold the crews until they receive a ransom. The kidnapping of the aid workers in Galkayo would be an unusual case of a pirate gang being behind a seizure on land.

U.S. and French forces have intervened to rescue pirate hostages at sea, but attacks on pirate bases are rare.

Pirates and local elders say the American journalist and a number of sailors from India, South Korea, the Philippines and Denmark are being held by pirate gangs.

A British tourist kidnapped from Kenya on September 11, 2011 is also still held captive in Somalia.

Somalia's government applauded the mission and said it welcomed any operation against pirates.

U.S. special forces killed senior al Qaeda militant Saleh Ali Saleh Nabhan in a raid in southern Somalia in 2009. Several other al Qaeda or al Shabaab officials have been killed in U.S. drone strikes in Somalia over the past few years.

Panetta visited U.S. troops in Djibouti last month on his way to Afghanistan and Iraq, in a stopover that reflected Obama's growing focus on the militant and piracy threats from Yemen and the eastern edge of Africa.

In Djibouti, the United States has a platform to monitor al Qaeda in the Arabian Peninsula in Yemen and Somalia's al Shabaab, a hardline rebel group with links to al Qaeda.

(Additional reporting by Mohamed Ahmed in Mogadishu, John Acher and Mette Fraende in Copenhagen, David Clarke in Nairobi, Phil Stewart and David Alexander in Washington; Writing by Richard Lough and David Clarke; Editing by Yara Bayoumy and Eric Walsh)

Source: http://us.rd.yahoo.com/dailynews/rss/crime/*http%3A//news.yahoo.com/s/nm/20120125/ts_nm/us_somalia_hostages

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APPLE: 37 Million iPhones Sold Last Quarter - Business Insider

Summary

The iPad is Apple's tablet computer, unveiled in January, 2010, and launched in April, 2010. The second generation of the iPad -- the iPad 2 -- was unveiled on March 2, 2011. It will be available for sale in the U.S. on March... More ?

Source: http://www.businessinsider.com/apple-37-million-iphones-sold-last-quarter-2012-1

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Wednesday, January 25, 2012

New Zealand whale stranding kills 36, threatens 40 (AP)

WELLINGTON, New Zealand ? A mass-stranding of whales on a New Zealand beach has left 36 of the creatures dead and threatens 40 more.

Department of Conservation area manager John Mason said 99 pilot whales stranded themselves Monday on Farewell Spit on the South Island. By Tuesday, 36 whales had died and another 40 remained stranded and were still in danger.

Mason said conservation staff and volunteers had successfully refloated 17 whales, which had swum out to deeper water. Another six whales remained unaccounted for.

The 40 beached whales were briefly swimming in shallow water early Tuesday afternoon but became stranded again by the evening as the tide went out. Mason said volunteers would try to keep the whales cool and wet until dark. He said after that, all they could hope for was that the whales would swim away on the next high tide during the night.

Pilot whales grow to about 20 feet (6 meters) and regularly strand themselves in large numbers during the New Zealand summer months.

Experts describe Farewell Spit as a whale trap due to the way its shallow waters seem to confuse whales and diminish their ability to navigate.

Source: http://us.rd.yahoo.com/dailynews/rss/oceania/*http%3A//news.yahoo.com/s/ap/20120124/ap_on_re_as/as_new_zealand_stranded_whales

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Register for the 7th Annual Spring Value Investing Congress Now ...

The 7th Annual Spring Value Investing Congress takes place on May 6 and 7 in Omaha, NE, at the CenturyLink Center and Benzinga readers can save money if you register by this Friday, January 27.

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(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.

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Source: http://www.benzinga.com/economics/12/01/2284583/register-for-the-7th-annual-spring-value-investing-congress-now-and-save-cas

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Tuesday, January 24, 2012

Warren Buffett sings in the Chinese New Year (+ video)

State-run TV marked Chinese New Year with a video of US billionaire Warren Buffett singing and playing a ukulele.?

I can think of any number of curious aspects of Warren Buffett's transmogrification into a Chinese pop star, but perhaps the oddest is that state-run TV here is using the 81-year-old Sage of Omaha to draw younger viewers.

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Mr.?Buffett, widely admired in China for his wealth, his investment instincts, and his charitable donations (probably in that order), made a cameo appearance playing a ukulele and singing "I've Been Working on the Railroad"?as part of a marathon Chinese New Year gala aired Sunday.

The annual Spring Festival TV gala on the lunar New Year?s Eve is watched by hundreds of millions of Chinese viewers. But its heavily scripted diet of moralizing comedy sketches, spandexed acrobats, magicians, and goldfish showing off their synchronized swimming skills (one of last year?s highlights) no longer appeals to young people?s more sophisticated tastes.

So state-run CCTV decided to air a hipper extended gala show online, and that is where?Buffett comes in.

?We all know that?Buffett?is good at investment, but few knew he also did well in singing,? Wang Pinjiu, one of the show?s producers, told a press conference earlier this month, according to Xinhua, the government news agency.

The video clip is one he made for a charity dinner last year organized by media investor Wu Zheng and his TV presenter wife Yang Lan, according to a spokeswoman for Mr. Wu.

When CCTV asked Wu to rope some international talent into the online gala he asked?Buffett?for permission to air the video, and he agreed, the spokeswoman said.

Buffett?is not shy about his musical talents; he has been heard playing the ukulele at Berkshire Hathaway events, and he appears in a US TV commercial for an insurance company that he owns, masquerading as Axl Rose. Not, to be frank, that his appearance offers much evidence of ?doing well in singing.?

He is also well known in China, both as a major investor in BYD, a Chinese firm hoping to spearhead the electric car revolution here, and as an investment guru whose books are popular with local businessmen.

Buffett?caused something of a stir in 2010 when he visited China with Microsoft chairman Bill Gates in a bid to rustle up support from Chinese billionaires for charitable work, which is still in its infancy among the super-rich here. It took a while for some of the guests to accept his invitation to a banquet; it seemed they were nervous about being hit up for donations at the dinner.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/A-Va-yvXOzQ/Warren-Buffett-sings-in-the-Chinese-New-Year-video

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Europe should boost bailout fund, consider euro bonds: Lagarde (Reuters)

BERLIN (Reuters) ? The head of the IMF called on European governments to boost the size of their rescue fund and consider financial risk-sharing steps like common euro zone bonds as a way out of their sovereign debt crisis.

In a speech at the German Council on Foreign Relations in Berlin on Monday, International Monetary Fund (IMF) Managing Director Christine Lagarde said the world economy faced a "defining moment" that required quick, collective action.

To help meet the challenge, she urged leading powers to back an increase in resources for the Washington-based lender to help fill a global financing hole that the IMF believes could reach $1 trillion over the coming years.

"The longer we wait, the worse it will get. The only solution is to move forward together," Lagarde said, according to an embargoed copy of her remarks provided by the IMF before delivery.

"We must all understand that this is a defining moment. It is not about saving any one country or region. It is about saving the world from a downward economic spiral."

The IMF has helped fund a series of euro zone bailouts over the past two years, but with big European countries like Italy now under threat, it wants to boost its lending capacity, currently estimated at around $380 billion.

Members of the single currency bloc have agreed to inject close to $200 billion, but countries like the United States, Canada, China and Japan have been cool on channeling more funds to the IMF. Many are keen for Europe to take more decisive steps to resolve its debt crisis first.

Lagarde said the IMF was seeking to increase its lending resources by up to $500 billion, including the funds already pledged by Europe. The Fund estimates that up to $1 trillion in global financing could be needed over the coming years.

"I am convinced that we must step up the Fund's lending capacity," Lagarde said.

SOLVENCY CRISIS RISK

She praised decisions by euro zone governments to enforce stricter fiscal discipline and a move by the European Central Bank to provide long-term liquidity to banks, but said these steps formed mere "pieces" of a comprehensive crisis solution.

Lagarde warned specifically about the risks that higher funding costs for Italy and Spain lead to a solvency crisis, saying this would have disastrous consequences for systemic stability.

"Adding substantial real resources to what is currently available by folding the EFSF into the ESM, increasing the size of the ESM, and identifying a clear and credible timetable for making it operational would help greatly," Lagarde said, referring to the euro zone's current and future rescue funds.

She urged European leaders to complement the "fiscal compact" they agreed last month with some form of financial risk-sharing, mentioning euro zone bonds or bills, or a debt redemption fund as possible options.

Lagarde also called for bolder steps from countries outside of Europe, saying the United States had a special responsibility as the world's largest economy.

She said emerging and advanced countries with large current account surpluses should take steps to encourage domestic demand as a way to support global growth.

In an apparent reference to Germany, she said there was a "large core" in Europe where fiscal consolidation could be more gradual. Lagarde also stressed the need for timely easing of monetary policy as euro zone economies and inflation fall.

(Reporting by Noah Barkin)

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/nm/20120123/bs_nm/us_imf_europe_lagarde

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